Global Swab and Viral Transport Medium Industry’s Surge to US$15.60 Billion by 2033 with 5.8% CAGR | FMI

In a recent market analysis conducted by FMI, the Global Swab And Viral Transport Medium Industry is poised for remarkable growth. With a projected value of over US$ 8.86 billion in 2023, the market is expected to exhibit a robust 5.8% Compound Annual Growth Rate (CAGR) and reach a substantial value of US$ 15.60 billion by 2033, as per FMI’s insightful forecast.

The surge in demand for swabs and viral transport mediums can be primarily attributed to the ongoing COVID-19 pandemic. Research facilities and laboratories have intensified their efforts to develop COVID-19 vaccines, resulting in an increased need for products tailored for viral collection, preservation, and cultivation. This has paved the way for businesses to enhance their product offerings, contributing to the market’s significant expansion.

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Companies in the swab and viral transport medium business are producing inventive kits with vials, double-ended flocked swabs, medications, and other items that avoid bacterial or fungal contamination. They are concentrating on a better solution formulation to stop the growth of bacterial and fungal flora. The market is expanding owing to new viral transport medium solutions.

An additional element fueling the market expansion is the rise in the number of novel viruses that have the potential to infect humans and cause a variety of illnesses. According to an article in Nature from 2021, certain respiratory viruses are resurfacing in unexpected ways as pandemic limitations loosen. Infections with the respiratory syncytial virus (RSV), which accounts for 5% of all pediatric fatalities globally, began to rise in April 2021. As a result of the increased need for specimen collection kits and diagnosis, the prevalence of additional infectious illnesses is predicted to propel market expansion.

Manufacturers are creating viral transport mediums for influenza diagnostics as the flu season gets underway. Healthcare in Western nations is extremely concerned about influenza-related morbidity and death. To provide swabs and viral transport mediums, manufacturers are expanding their research and development capabilities. Manufacturers are also starting to recognize the advantages of online pharmacies over hospitals and retail pharmacies. To increase their revenue sources, they are working with established e-commerce companies.

Owing to its highly developed medical infrastructure and high frequency of infectious illnesses, North America is predicted to dominate the global market during the forecast period. During the pandemic, North America saw a spike in laboratory testing, which fueled the market expansion. The market is also growing significantly due to the existence of biopharma businesses, a large number of labs, and research studies on viral infection.

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Key Takeaways

  • The market in the United Kingdom is anticipated to rise, exhibiting a CAGR of 5.9% through 2033.
  • The United States is expected to develop at a 6.1% CAGR during the forecast period.
  • With a CAGR of 4.0% over the forecast period, Canada is predicted to develop promptly in the market.
  • In China, the market is expected to proliferate, registering a CAGR of 7.7% over the forecast period.
  • Germany is estimated to grow decently registering a CAGR of 6.7% until 2033.

Competitive Landscape

Top players operating in the Global Swab and Viral Transport Medium Industry are McKesson Corporation, Cardinal Health Inc., Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Quidel Corporation, COPAN Diagnostics Inc., VIRCELL S.L., Deltalab, Titan Biotech Ltd., Medical Wire & Equipment, and others.

These market players are always inventing and creating new products to suit the various requirements of diagnostic laboratories and research institutions. They are enhancing the design and components used in swabs to enhance their collection efficacy. They are also developing transport mediums that can hold viral specimens for extended periods without compromising their vitality. Additionally, to improve the stability and accuracy of diagnostic samples, they are also combining advanced technologies.

Recent Developments

  • In June 2022, the start of long-distance drone deliveries in North Carolina was announced by Zipline and Cardinal Health.
  • In May 2020, in several pharmacies across the United States, Health Mart® pharmacies announced that they would provide free COVID-19 test collection. Health Mart is dedicated to creating cutting-edge public and private collaborations as a member of the McKesson Corporation to assist address the COVID-19 epidemic.

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Other Key Players Operating in the Swab and Viral Transport Market

  • Thermo Fisher Scientific Inc.,
  • Quidel Corporation,
  • COPAN Diagnostics Inc.,
  • VIRCELL S.L., Deltalab,
  • Titan Biotech Ltd.,
  • Medical Wire & Equipment

Global Swab and Viral Transport Medium Industry by Category

By Product:

  • Viral Transport Medium
    • Tissue Culture Medium
    • Glycerol Transport Medium
  • Virus Swabs
    • Nasopharyngeal Swabs
    • Deep Nasal Swabs
    • Combined Nasal & Throat Swabs
    • Culture Swabs
    • Vaginal Swabs

By Application:

  • Influenza
  • Respiratory syncytial virus
  • Mumps Virus
  • Adenovirus
  • Rhinovirus
  • Herpes Simplex Virus
  • Varicella-Zoster Virus
  • Other Indication

By End User:

  • Hospitals & ASCs
  • Specialty Clinics
  • Diagnostic Laboratories
  • Others

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
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T: +1-845-579-5705
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Galloping Towards Growth: Horse Grain Feeders Market Aims for US$ 5.79 Billion by 2033 with a 5.2% CAGR

The global horse grain feeders market is poised to leave significant hoofprints in the industry, with a projected valuation of US$ 3.49 billion in 2023, surging to an impressive US$ 5.79 billion by 2033. This robust growth trajectory is sustained by an anticipated Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period.

One of the pivotal factors propelling the adoption of horse grain feeders is their proficiency in dispensing grains and other feed to horses in a controlled manner. This not only ensures that horses receive the necessary nutrition but also minimizes waste and maintains a clean and organized feeding area. Consequently, horse owners and breeders are increasingly embracing these feeders, recognizing the enduring advantages they offer in terms of horse health and operational efficiency.

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One of the prominent trends observed within the market pertains to the surging popularity of automatic grain feeders. Notably, horse owners and breeders are increasingly gravitating towards these advanced feeders due to their innate capacity to dispense feed at predetermined intervals. This feature greatly facilitates the management of horses’ feeding schedules, offering a heightened level of convenience and efficiency. As automatic grain feeders become more readily accessible and cost-effective, their adoption is anticipated to witness a substantial uptick.

Another noteworthy trend contributing to market expansion is the escalating emphasis on animal welfare. Horse owners are displaying a heightened awareness regarding the pivotal role of providing their equine companions with optimal nutrition and care. Consequently, there exists a growing demand for high-quality feeders that can effectively address these fundamental requirements.

Leading Product Types Driving Expansion in the Horse Grain Feeders Market:

Wall-mounted Horse Grain Feeders: Durable and Space-efficient Feeding Solutions

Within the realm of horse grain feeders, horse owners and breeders are presented with a diverse array of options, with two predominant types garnering notable market preference: wall-mounted grain feeders and poly corner grain feeders. The discerning choice among these options often leans towards wall-mounted grain feeders due to their inherent space efficiency. These feeders can be conveniently affixed to walls or stall doors, effectively optimizing available space resources. This particular attribute holds significant appeal for owners grappling with spatial constraints within their barns or stables. Furthermore, wall-mounted grain feeders, constructed from durable metal materials, enjoy heightened favorability owing to their robustness. This durability factor proves especially consequential for horse owners tasked with managing larger or more active equine companions.

Large Farms Embrace Horse Grain Feeders for Enhanced Efficiency, Cost-effectiveness, and Safety:

The utilization of horse grain feeders is notably more prevalent within the expansive landscape of large farms, driven by a convergence of factors that underscore their efficiency, cost-effectiveness, and safety benefits. Large-scale agricultural operations inherently necessitate streamlined feeding protocols to ensure each horse receives the precise nutrition tailored to their needs. These farms often grapple with specific feeding requirements, such as meticulous grain rationing or the presence of a substantial equine population with distinct health conditions.

In response to these demands, large farms increasingly turn to automatic grain feeders, a choice that yields multifaceted advantages. Notably, these automated systems significantly diminish the time and labor resources expended on feeding routines, thereby enhancing operational efficiency and cost-effectiveness. Beyond efficiency gains, horse grain feeders serve as integral safety mechanisms within the ambit of large farms. They effectively curtail overeating tendencies among horses and mitigate conflicts arising from competitive feeding behaviors. Consequently, the strategic adoption of horse grain feeders emerges as a pragmatic and indispensable practice for large-scale agricultural establishments.

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Key Players:

  • IOTTI ZOOTECNIA SRL
  • Stallion
  • Polidas
  • Röwer & Rüb
  • D P Agri Ltd.
  • SIEPLO

Market Segments:

By Type:

  • Wall-mounted Horse Grain Feeder
  • Poly Corner Grain Feeder

By Farm Type:

  • Small Farm
  • Large Farm

Sales Channel:

  • Direct Sales
  • Agro Stores

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Preserving the Future: Global Food Preservation Equipment Market Set to Reach a Remarkable US$ 78.15 Billion by 2033

In a world where sustainability and efficiency have taken center stage, the global food preservation equipment market is on the cusp of extraordinary growth. With a projected value of US$ 43.1 billion in 2022, this industry is expected to thrive, boasting a healthy compound annual growth rate (CAGR) of 6.2% from 2023 to 2033. By the close of that period, it is foreseen to achieve an impressive valuation of US$ 78.15 billion.

The impetus behind this surge in demand for food preservation equipment is multifaceted. A key driver is the global commitment to reducing food wastage. With the ever-growing population and dwindling resources, there is a heightened awareness of the necessity to optimize food resource utilization. Food preservation equipment plays a pivotal role in achieving this objective by extending the shelf life of various food products.

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Catalysts and Lucrative Avenues: Exploring the Food Preservation Equipment Market

In recent times, surging health consciousness and evolving lifestyles have given rise to heightened demand for protein-rich diets like meat and poultry, particularly in countries such as the United States, China, India, and the United Kingdom. This trend is driving the utilization of food preservation equipment across both industrial and domestic settings.

Simultaneously, the development of innovative food preservation equipment, bolstered by enhanced features and favorable governmental support, is poised to open lucrative vistas for manufacturers in the forecast period.

The escalating incidence of foodborne illnesses is another factor expected to positively impact the food preservation equipment market throughout the assessment period.

Key Insights from the Food Preservation Equipment Market Analysis:

  • The forecast period spanning 2023 to 2033 is expected to witness the food preservation equipment market surge at a robust CAGR of 6.2%.
  • In terms of product type, refrigerators hold a substantial share within the global food processing equipment industry.
  • Within the end-user spectrum, the poultry industry is projected to exhibit healthy growth over the coming decade.
  • The food preservation equipment market in North America currently holds a valuation of approximately $12.8 billion.
  • The United States’ food preservation equipment market is estimated to be valued at around $8.2 billion.
  • In India, food preservation equipment sales are poised to witness robust growth throughout the forecast period.

According to a leading analyst at FMI, “Escalating global food insecurity and robust growth in pivotal end-use sectors like poultry, seafood, and dairy are the primary factors fueling the demand for food preservation equipment.”

Leaders in the Arena:

Prominent manufacturers in the food preservation equipment sector encompass Alfa Laval, Wild Goose Canning Systems, Enterprise Tondelli, Vigo Ltd., Dixie Canner Co., Cask Brewing Systems Inc., Palmer-Tech Services, Inc., HOR YANG Machinery, Alpha Brewing Operations, Pneumatic Scale Angelus, Blenzor, Elecster Oyj, and Shanghai Triowin Intelligent Machinery.

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Get Valuable Insights into Food Preservation Equipment Market:

FMI, in its new offering, provides an unbiased analysis of the Food Preservation Equipment market presenting historical demand data (2018 to 2022) and forecast statistics for the period from (2023 to 2033). The study divulges compelling insights on the demand for Food Preservation Equipment segmented as below:

By Product Type:

  • Pasteurizer
    • High-Temperature short time pasteurizer
    • Higher heat shorter time
    • Ultra high temperature
    • Ultra Pasteurized
  • Refrigerators
    • Visi Coolers
    • Walk-in Refrigerators
    • Freezer
    • Confectionery Cabinets
  • Fermenting Equipment
  • Canning Equipment
    • Automatic
    • Semi-automatic
    • Manual
  • Irradiation Equipment

By End User:

  • Poultry Industry
  • Seafood Industry
  • Beverage Industry
  • Snacks Industry
  • Dairy Products Industry
  • Health Foods Industry (Whey protein etc.)
  • Bakery Industry

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Oceania
  • Middle East and Africa

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Wire Livestock Panels Market Poised for Remarkable Expansion, Envisioned to Reach US$ 4.58 Billion by 2033, According to FMI

A recently published analysis report by Future Market Insights unveils the impressive growth trajectory of the global wire livestock panels market. In 2023, the market is expected to attain a substantial valuation of US$ 2.31 billion, marking a significant milestone in its ongoing expansion. However, the true revelation lies in the projected path forward, with an enticing compound annual growth rate (CAGR) of 7.1% anticipated from 2023 to 2033. If these predictions materialize, the wire livestock panels market is positioned for a meteoric rise, potentially achieving a staggering valuation of US$ 4.58 billion by 2033.

These versatile panels are gaining favor within the agricultural landscape due to their multifaceted utility, primarily in the realm of fencing solutions for farms and ranches. Farmers and ranchers are increasingly turning to these panels for their effectiveness in containing and segregating various livestock, encompassing cattle, pigs, and more. This functionality not only proves critical for maintaining well-organized and manageable herds but also contributes significantly to the overall safety and well-being of the animals.

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During the forecast period, the market is expected to expand due to increasing agricultural projects and the need to protect it from animals. The perimeter of the area is fenced off with wire panels, which is ideal for long-term use. These panels hold the animals much more securely and are ideal for long-term usage. Farmers are concentrating more on constructing various wire panels to minimize the destruction of livestock to reduce natural catastrophes.

Increasing demand for wire fencing in livestock farming, improved infrastructure, and rising public concern for animal welfare are a few more primary reasons driving the market growth globally. The growing desire for effective and sustainable methods of animal husbandry is another factor driving the wire livestock panels market.

Key Product Types Driving Growth in the Wire Livestock Panels Market:

Elevating Animal Containment: The Advantages of 8 Foot Wire Livestock Panels

In the dynamic landscape of the wire livestock panels market, the prominence of 8 foot wire livestock panels has notably surged, emerging as a preferred choice for farmers and ranchers. This preference can be attributed to a series of distinct advantages:

  1. Enhanced Mobility and Handling:

8 foot wire livestock panels are favored for their inherent ease of handling and transportability. This attribute is particularly advantageous for smaller-scale agricultural operations where mobility plays a pivotal role in operational efficiency.

  1. Versatility for Customized Solutions:

These panels offer a higher degree of versatility, empowering farmers to craft customized containment solutions tailored to their specific needs. This adaptability is invaluable in optimizing the functionality of the panels.

  1. Durability and Low Maintenance:

Farmers appreciate the durability of 8 foot wire livestock panels, coupled with their minimal maintenance requirements. These qualities make them a cost-effective choice for prolonged use, aligning with long-term sustainability objectives.

  1. Cost Efficiency:

Comparatively more cost-effective than their 16 foot counterparts, 8 foot wire livestock panels present an economically attractive option for farmers and ranchers seeking prudent investment choices.

Efficiency in Pasture and Pen Enclosure:

The adoption of 8 foot panels is further accelerated by their capacity to cover larger areas, significantly enhancing the efficiency of pasture or pen enclosure. Their ease of installation and transportation further bolsters their appeal. Moreover, the widespread availability of 8 foot wire livestock panels at agricultural supply stores contributes to their convenience, fostering increased adoption among farmers and ranchers looking for practical and accessible solutions in the wire livestock panels market.

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Key Players:

  • Rizhao Borhaf Metal Products Co., Ltd.
  • CK Manufacturing
  • Hebei Metal Products Co., Ltd
  • WW Manufacturing
  • Qingdao Hailite Machinery Co.,Ltd.
  • Allen Gate & Panel
  • Hutchison
  • Behlen Country

Market Segmentation:

By Panel Length:

  • 8 Foot
  • 16 Foot

By Application:

  • Ranches
  • Private Farms

By Sales Channel:

  • Direct Sales
  • Retail Sales

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Fueling the Future: Gas Connectors and Gas Hoses Market Set to Surge, Aiming for a US$ 35.2 Billion Valuation by 2033

The global market for gas connectors and gas hoses is positioned for substantial expansion, with a projected value of US$ 13.5 billion in 2023. This surge is expected to be propelled by an exceptional Compound Annual Growth Rate (CAGR) of 10.0% between 2023 and 2033, ultimately reaching an impressive market worth of approximately US$ 35.2 billion by 2033.

One of the primary catalysts driving this extraordinary growth is the burgeoning demand originating from the healthcare sector. Gas connectors and hoses hold paramount significance in the healthcare industry, as they play a pivotal role in ensuring the secure and efficient delivery of medical gases to patients in hospitals and healthcare facilities. The continuous upsurge in demand for healthcare services and the vital role these components play in patient care stand as the driving forces behind the escalating need for these crucial components.

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Market Expansion Driven by Growing Natural Gas Demand and Thriving Construction Sector:

The surge in demand for natural gas, heralded as a cleaner and more efficient fuel source, stands as a pivotal driver propelling market growth. As businesses and consumers increasingly seek eco-friendly and efficient alternatives to traditional fossil fuels, the demand for natural gas is anticipated to remain on an upward trajectory. Consequently, the market for gas connectors and gas hoses is poised to witness heightened demand, facilitating the transport and distribution of natural gas to residential and commercial spaces.

Furthermore, the flourishing construction industry contributes significantly to the market’s expansion. With escalating investments in infrastructure and population growth, the construction sector is set to continue its upward trajectory. This sustained growth is expected to lead to an increased demand for gas connectors and gas hoses, essential for the installation of gas pipelines, heating systems, and various gas-powered equipment.

Insights from the Market Study:

  • The global market for gas connectors and gas hoses reached a valuation of approximately $12.3 billion by the conclusion of 2022.
  • Over the span of 2018 to 2022, market demand showcased an impressive Compound Annual Growth Rate (CAGR) of 6.4%.
  • Anticipated to command the leading market share, North America is poised to hold a substantial portion, accounting for 34.2%.
  • The natural gas segment, categorized by gas type, is projected to exhibit a noteworthy CAGR of 9.4%.
  • In terms of end-users, the commercial segment is poised to emerge as the dominant force, foreseeing a compelling CAGR of 9.2% by 2033.

“The escalating popularity of outdoor living spaces and outdoor kitchens stands as a significant driving force poised to accelerate the Gas Connectors and Gas Hoses market’s expansion,” observes an analyst from FMI.

Competitive Scenario:

Distinguished contenders within the gas connectors and gas hoses market encompass Regency Gas Hoses, Dormont, Parker Hannifin Corporation, T&S Brass and Bronze Works, Tubes International, Grainger, Companion Outdoor, Trelleborg Sealing Solutions, Continental AG, Swagelok Company, Bromic Plumbing and Gas, Emerson Electric Co., Eaton Corporation plc., Prestige, rrmcia, IBEDA, and Bay Corporation, among others.

Recent Advancements:

  1. In 2021, Parker Hannifin Corporation introduced a new line of gas hoses tailored for liquefied petroleum gas (LPG) applications. Crafted from high-performance thermoplastic elastomer material, these hoses boast a substantial burst pressure rating and exhibit a low permeation rate.
  2. In 2020, Eaton Corporation plc unveiled a fresh range of gas connectors tailored for residential and commercial usage. These connectors feature a novel seal design that mitigates the risk of gas leaks, available across an array of sizes and materials.
  3. In 2020, Emerson Electric Co.: Emerson Electric made headlines by acquiring American Governor Company, a renowned provider of hydro-mechanical and electronic governors for hydroelectric turbines. This strategic acquisition bolsters Emerson’s prowess in the power generation market.

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Key Segments Covered:

By Type of Gas:

  • Natural Gas
  • Propane
  • Butane
  • Others

By Material:

  • Stainless Steel
  • Rubber
  • Thermoplastic

By End User:

  • Household
  • Commercial
    • Restaurants
    • Hotels
    • Cafes
  • Industrial
  • Medical

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East & Africa

Illuminate Pathways: Get Personalized Reports To Enhance Decision-Making For Critical Regional Segments. https://www.futuremarketinsights.com/customization-available/rep-gb-17032

Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Notebook Market Thrives: Exploring Trends, Drivers, and Key Insights | FMI

The global notebook market is on an upward trajectory, driven by the rising adoption of cloud computing solutions. Market experts project substantial growth in the coming years as cloud technology becomes increasingly integral to modern business operations.

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Key Takeaways:

  • The notebook market is set to flourish amid the rapid rise of cloud computing.
  • Security concerns and uninterrupted connectivity drive notebook adoption.
  • Regional trends indicate varied growth opportunities for market players.
  • While promising, data privacy and cybersecurity remain critical challenges.

Drivers and Opportunities:

  1. Cloud Computing Adoption: The surge in cloud adoption is a primary driver, propelling the notebook market forward.
  2. Security Concerns: Heightened security concerns drive the need for secure, cloud-based storage solutions, favoring notebooks.
  3. Internet Connectivity: The demand for uninterrupted Internet connectivity is boosting the market’s growth prospects.

Competitive Landscape – Regional Trends: The competitive landscape of the notebook market is evolving as regions worldwide embrace cloud computing. Companies are positioning themselves to capitalize on this shift, fostering innovation in hardware configurations and cloud-compatible features.

Restraints: While the future looks promising, potential restraints include data privacy concerns, network latency, and the need for robust cybersecurity measures.

Region-wise Insights – Category-wise Insights:

  • North America: Leading the cloud computing charge, North America is a hotspot for notebook market growth.
  • Asia-Pacific: Emerging economies in this region show great potential for notebook sales, driven by cloud adoption.
  • Europe: Increasing concerns about data security are spurring notebook market growth.

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Notebook Market Taxonomy

Type :

  • Desktop Replacement Notebook
  • Mainstream Notebook
  • Standard Portable Notebook
  • Sub-Notebook

Application :

  • Corporate offices
  • Gaming
  • Others

Price Range :

  • Below US$ 500
  • US$ 501- US$ 1000
  • US$ 1001 – 1500
  • More than US$ 1500

Region :

  • North America
  • Latin America
  • APEJ
  • Japan
  • MEA
  • Western Europe
  • Eastern Europe

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Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Anticipated Growth in Variable Air Volume System Market: Emerging Markets Project a 7% CAGR, Targeting US$ 15.5 Billion by 2032

The Variable Air Volume System Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Variable Air Volume System market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Variable Air Volume System. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Variable Air Volume System Market is currently witnessing robust expansion, driven by a confluence of influential factors. Among these factors, the upsurge in disposable income has led to a heightened demand for energy-efficient solutions, rendering Variable Air Volume (VAV) systems an attractive choice for both residential and commercial sectors. Furthermore, the growing emphasis on sustainability has spurred a shift towards eco-friendly HVAC technologies, consequently accelerating the adoption of VAV systems.

In our contemporary era marked by increased disposable income and a desire for enhanced quality of indoor environments, the quest for heightened energy efficiency through the automation and control of building systems has become paramount. It was during the 1970s, a period characterized by escalating energy costs, that the Variable Air Volume System, abbreviated as VAV, emerged as a pivotal solution.

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The VAV system functions by supplying conditioned air with its volume adjusted in response to the heat loss or gain within occupied spaces, all while maintaining a consistent temperature. Notably, the VAV system belongs to the category of heating, ventilating, and air-conditioning systems. Distinguishing itself from constant air volume (CAV) systems, which maintain a steady airflow at variable temperature levels, VAV systems regulate airflow while preserving a uniform temperature.

The advantages offered by VAV systems over constant-volume counterparts are manifold and include precise temperature control, reduced energy consumption attributable to system fans, mitigated compressor wear, diminished fan noise, and heightened dehumidification capabilities.

In essence, the Variable Air Volume System Market’s robust growth can be attributed to its ability to meet the evolving demands of today’s discerning consumers for energy efficiency, indoor comfort, and environmentally responsible HVAC solutions.

In food processing and packaging systems, precise temperature control have great influence over product quality. Strict temperature controlling positively impacts process efficiency and energy consumption, ultimately resulting in lower cost of operation. VAV systems can help in savings up to 20% of the overall energy expenses.

Variable Air Volume System Market: Drivers & Restraints

Rising disposable income, sustainability concerns, increasing infrastructure investments, energy efficiency legislations are some of the key factors driving the growth of the variable air volume system market.

Installation costs are highly application specific, construction and layout of the building and whether its new or retrofit. Lack of familiarity , servicing and maintenance and spare parts availability are probable factors restraining the growth of the variable air volume system market.

Variable Air Volume System Market: Overview

With product innovation and technological developments, the acceptance of variable air volume systems is gaining popularity. The global variable air volume system market is expected to expand at a promising CAGR during the forecast period (2015-2025).

Variable Air Volume System Market: Region-wise Outlook

The global variable air volume system market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global variable air volume system market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global variable air volume system market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global variable air volume system market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Variable Air Volume System Market: Key Players

Some of the key market participants in global variable air volume system market are Honeywell International Inc, Schneider Electric, KMC Controls Inc, Vemco Inc, Johnson Controls Inc, Trane Inc, Emerson Climate Technologies.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Variable Air Volume System Market: Segmentation

The global variable air volume system market is broadly classified on the basis of product type, applications and geographies.

Based on application, the global variable air volume system market is segmented into:

  • Residential
  • Commercial
  • Industrial

Based on product type, the global variable air volume system market is segmented into:

  • Single zone VAV
  • Multiple zone VAV

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Author By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Below 30 Hp Centrifugal Water Pump Market Surges: Anticipated to Achieve US$ 68.95 Million by 2032 with a 5.3% CAGR

The below 30 Hp centrifugal water pump market is experiencing remarkable growth, with its value projected to surge from US$ 37.1 million in 2022 to a substantial US$ 68.95 million by 2032. This growth is underpinned by a projected compound annual growth rate (CAGR) of 5.3% over the forecasted period, signifying the market’s vibrancy and untapped potential.

One of the driving forces propelling this expansion is the increasing demand for cost-effective and energy-efficient centrifugal water pumps. With the continuous rise in energy costs, both consumers and industries are growing increasingly mindful of their energy consumption and its environmental repercussions. Responding to this heightened awareness, there is a growing preference for water pumps that not only deliver effective water circulation but also do so with reduced energy consumption. Centrifugal water pumps, renowned for their efficiency, are exceptionally well-placed to fulfill this demand, thus propelling the market’s growth.

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The below 30Hp centrifugal water pump market is predicted to expand owing to the surging investments in infrastructure and increased construction activities. Owing to the expansion of the water supply network and a surge in agriculture initiative operations, there is a rising demand for these water pumps. Over the assessment period, a phenomenal rise in demand for cost-effective and energy-efficient centrifugal water pumps can be seen attributing to the rising energy costs and increasing environmental consciousness among end users.

Key Takeaways:

  • With the help of technological advancements, the performance of a below 30 Hp centrifugal water pump in the market is anticipated to bolster, making it efficiently usable in several downstream applications. Furthermore, they save a chunk of money by not put hefty investments and setting up supplementary equipment like pulsation dampeners.
  • Attributing to its corrosion-resistant design, the below 30Hp centrifugal water pumps efficiently operate in environments where conventional pumps degrade rapidly. Over the assessment period, the demand for below 30Hp centrifugal water pumps is likely to increase due to rising energy costs and increasing environmental consciousness among end users.
  • These pumps are massively used in several end-use industries that allow producers, distributors, and users of chemicals to transport a wide range of fluids under diverse conditions, including ones that would quickly destroy other pumps.
  •  More than 50% of all the pumps sold around the globe are below 30 Hp centrifugal water pumps. These pumps are majorly utilized in both small as well as large-scale industrial applications including power, wastewater treatment, and chemicals.
  • Over the projection period, a reasonable surge in the sales of below 30 Hp centrifugal water pumps witnessed owing to their efficiency, which is ideal for home and agricultural applications. This is resulting in a surging need for new water sources all over the world.
  • As compared to various other pumping methods, below 30 Hp centrifugal chemical pumps have a good energy efficiency rating. Due to this, they have a big advantage over other pump designs in the market.

Competitive Landscape:

The below 30 Hp centrifugal water pump market is massively consolidated, as prominent regional and local players account for a collective revenue share of around 70% of the total centrifugal water pump market in the country.

Key Players in Below 30 Hp Centrifugal Water Pump Market are Grundfos, KSB Pumps Ltd., Xylem Inc, Wilo SE, Flowserve Corporation, Calpeda S.p.A, Omega Egypt Co.

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Key Segments:

By Application:

  • Industrial
  • Agriculture
  • Domestic

By Product:

  • Mini Pumps (0.5-30 HP)
  • Monobloc Pumps (0.5-30 HP)
  • Submersible Pumps (0.5-30 HP)

By Capacity:

  • 0.5 Hp (minimum)
  • 30 Hp (maximum)

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Animal Artificial Insemination Industry Soars to $3.91 Billion by 2033 with 6.0% CAGR | FMI

In a recent report by Future Market Insights, the outlook for the Global Animal Artificial Insemination Industry is exceptionally promising. Projections indicate that the market is on track to surpass a substantial valuation of US$ 2.18 billion by 2023.

Artificial insemination, when compared to traditional breeding methods, offers an array of advantages, including the enhancement of genetic traits, disease prevention, and improved reproductive efficiency. Market analysts anticipate robust growth, with expectations of reaching an impressive US$ 3.91 billion by 2033, demonstrating a steady Compound Annual Growth Rate (CAGR) of 6.0% throughout the forecast period.

One key driver of this growth is the rising initiatives by various governments worldwide to ensure food security, which is expected to sustainably drive demand for artificial insemination in animals. Additionally, the increasing demand for genetically superior quality cattle breeds will have a positive impact on the market. The surge in consumption of animal protein and the rising demand for high-quality milk and dairy products are set to fuel the demand for animal artificial insemination procedures between 2021 and 2031.

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Global meat production has increased in the past several years and is estimated to increase from 218 million tons to 376 million tons by 2030. According to the Organization for Economic Co-operation and Development (OECD), the U.S. meat consumption was on average of 35kg per capita in 2020.

There also has been an increase in per capita consumption of milk and milk products. According to the OECD and FAO, in 2020, the global per capita dairy consumption of milk and dairy products was estimated at 113.7 kg. Also, it is estimated that this number is expected to increase by 44% by 2029. The rise in consumption of animal proteins and milk products has made dairy farmers and livestock breeders to focus on obtaining genetically better breed for large-scale productions. This also is expected to boost the growth of the Global Animal Artificial Insemination Industry.

Key Takeaways from Global Animal Artificial Insemination Industry Study

  • Despite restricted growth amid pandemic crisis, the demand for artificial insemination is expected to witness a small push and thus, is expected to rise nearly 5.4 % CAGR between 2021 and 2031.
  • Growing awareness regarding animal health and growth in per capita animal expenditure are the key factors attributable for the rising demand of artificial insemination process.
  • The U.S. accounted for the largest share of 93% of the North America animal artificial insemination market through the forecast period.
  • In 2021, Germany led the Europe animal artificial insemination market, followed by France and U.K., accounting for more than 20% and 15 % respectively.
  • China is the fastest-growing market in East Asia, exhibiting a 7.4% CAGR through 2031.

“Research and development initiatives by governments coupled with advancements in biotechnology and animal science will offer lucrative growth opportunities for Global Animal Artificial Insemination Industry,” said a FMI Analyst.

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Artificial insemination (AI) in animals has transitioned from being just a novel method to impregnate the female to be an advanced technique used for improving the livestock by protecting it from various infectious diseases.

Greater focus on innovation coupled with advancements in biotechnology to avoid animal diseases is expected to create a favorable platform for the development of artificial insemination products, especially, in high-income economies such as the U.S., U.K. Germany. Artificial insemination (AI), Embryo transfer (ET), in-vitro fertilization (IVF), and somatic cell nuclear transfer are some of the emerging technologies in this space.

Continued investments in research towards genetic improvements could improve the breeding quality of animals using artificial insemination procedures, hence providing opportunities for market growth.

Who is Winning?

The global market is set to expand due to the growing demand for animal services and the rising prevalence of animal diseases. To expand their product offerings, leading players within the market are focused on expanding by pursuing mergers, acquisitions and collaboration as one of their key growth strategies. Also, this would allow the key players to strengthen their presence in the region as well as global markets.

Some of the leading players in the Global Animal Artificial Insemination Industry include but are not limited to Boehringer Ingelheim, Elanco Animal Health, Zoetis Inc., Merck & Co., Inc., Swine Genetics International, Revival Animal Health Inc., Jorgensen Laboratories Inc., Agtech Inc., ABS Global, Inc., Continental Plastic Corporation, and IMV Technologies.

Reasons to Buy the report

  • We provide authentic and detailed an analysis on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players.
  • Our analysts provide detailed market segmentation along with meaningful insights and extensive reports that other companies fail to include.
  • The report includes accurate analysis of the market and the current developing trends affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources.

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Global Animal Artificial Insemination Industry by Category

Product type

  • Insemination Equipment
    • Catheters
    • Micromanipulation Pipettes
    • Insemination Gun
  • Artificial Insemination Syringe
  • Insemination Sheath
  • Artificial Insemination Applicator
  • Reagent Media
    • Bovine Media
    • Equine Media
    • IVF Media
  • Thawer
  • Accessories
  • Artificial Insemination Kits
  • Others
  • Artificial Insemination Straws

Animal Type

  • Canine
  • Feline
  • Swine
  • Bovine
  • Equine
  • Ruminant

Procedure Type

  • Semen Collection Procedures
    • Artificial Vagina
    • Electrostimulation
  • Insemination Procedures
    • Recto Vaginal
    • Spectrum
    • Vaginal

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Australia Conveyor Maintenance Market Aims for Global Reach, Targeting US$ 873.43 Million by 2032 with a 2.9% CAGR

The Australia conveyor maintenance market is poised for significant expansion, with a projected market value of US$ 873.43 million anticipated by the year 2032. This global market expansion is accompanied by a consistent compound annual growth rate (CAGR) of 2.9% from 2022 to 2032. As of 2022, the market had already amassed a revenue of US$ 675.29 million, underscoring its substantial presence and untapped potential.

Several factors are propelling the growth of Australia’s conveyor maintenance market, establishing it as a notable contributor to the nation’s industrial landscape. Foremost among these drivers is the proliferation of manufacturing units, industries, and mining sectors. As these sectors continue to expand and modernize their operations, the demand for efficient and well-maintained conveyor systems becomes increasingly critical. Conveyor maintenance services emerge as a pivotal player in ensuring the seamless and uninterrupted flow of materials within these sectors.

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According to a comprehensive global study focused on the Australian conveyor maintenance market, there is a growing trend among companies to augment their existing machinery with supplementary components. This strategic approach aims to simultaneously boost performance and reduce emissions, addressing challenges such as conveyor downtime and the associated high maintenance expenditures.

These supplementary components encompass a range of advancements, including refined positioning systems and automated assembly techniques. The incorporation of these elements contributes to the overall efficacy of the machinery in achieving its operational objectives.

The robust expansion of this market can be attributed to the escalating number of manufacturing facilities, industries, and mining sectors. The report on the Australian conveyor maintenance market emphasizes that these opportunities are harnessing the power of the latest “Technology 4.0.” This paradigm incorporates fourth industrial revolution elements like artificial intelligence, big data analytics, and machine learning into conveyor technology, thereby driving the evolution of the industry.

Key Takeaways:

  • On the basis of the research report on the Australian conveyor maintenance market, it suggests that the higher costs attached to the conveyors are pushing the end users in order to keep the maintenance steady to avoid damage to the machine. Along with the application of shifting goods in mining stations and its industrial use, the pack conveyor systems have assisted the end user to reduce manpower while simultaneously enhancing production. Various companies with better innovation management are increasingly adopting machines for better performance. Australian investors are responsible to invest in maintaining these mega machines that cater to small, medium, and large loads.
  • This surge in production, extraction, and processing is responsible to create a sustainable demand for maintenance services. Similarly, several new mining establishments and projects associated with iron ore, gold, and coal are estimated to start during 2016-2022. They are expected to create fresh revenue streams for suppliers and service providers.
  • Prominent mining companies focus on reducing expenses and therefore engaging in economic and flexible contract options. Several leading mining companies in Australia engage in various short-term contracts for different components and services. Belt replacement maintenance focuses on several factors including operating loads, belt speed, and other factors, belts with widths of 2000mm-2400mm require less frequent maintenance than lower-width belts.

Key Players:

  • ContiTech Australia Pty. Ltd.
  • Endless Belt Service Pty Ltd.
  • Fenner Dunlop Australia Pty Ltd.
  • Flexible Steel Lacing Company (Flexco)
  • Kinder Australia Pty Ltd.
  • Mato GmbH & Co. KG.
  • Minprovise Pty Ltd.
  • Nepean Engineering & Innovation Pty Ltd.

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Key Segments Covered:

By Conveyor Type:

  • Rubber
  • Metal
  • Plastic

By Service Type:

  • Component Fixing
  • Maintenance Services

By Component Type:

  • Conveyor Belt
  • Roller and Idler
  • Cleaner
  • Others (Skirting clamps, pulley lagging, fastener, impact beds & splicing kits)

By End-use Industry:

  • Mining
  • Industrial and automotive
  • Pharmaceutical
  • Food Processing
  • Others (Power, Fertiliser, transport and logistics)

By Region:

  • North America
  • Latin America
  • The Asia Pacific
  • MEA
  • Europe

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Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube