Power on Wheels: Mobile Substations Market – Current Landscape and In-Depth Key Player Insights for the 2032 Growth Forecast

With a high CAGR of 7.2% from 2022 to 2032, the market for mobile substations is predicted to expand to a value of US$ 1879.6 million in 2032. By the end of 2022, the target market is anticipated to reach an estimated US$ 934.7 Million, driven by expanding utility sector applications.

Mobile substations are frequently utilized to fill electrical grid gaps, which leads to widespread use of the technology in the utility industry because these substations are essential for power transmission and distribution. As a result, the key growth driver for the market for mobile substations throughout the course of the forecast is usage in the utility sector.

Escalating degree of power transmission issues along with an imbalance within the transmission network amplifies the demand for mobile substations. This is because mobile substations assist in strengthening the dependability of the primary high-voltage transmission grid. The concept of a modular, plug-and-play mobile substation allows grid connections and stability under any conditions. This positively impacts the market for mobile substations.

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Furthermore, the increasing demand for renewable energy also propels the target market growth. The elevated need for smooth renewable energy integration into the electric grid, caused by an upsurge in the amount of clean energy projects is boosting the demand for mobile substations. Again, the capacity of power systems to recover as quickly as possible from major weather events and natural disasters is advantageous to local businesses and communities.

Besides, the growing demand for electricity necessitates the usage of a new efficient and effective transition management strategy which would make full use of mobile substations. The continuous evolution of the share of renewable energy in centralized and decentralized grids also contributes to the demand for mobile substations. These considerations will likely drive the growth of the mobile substations market during the forecast period.

“Rise in the number of clean energy projects coupled with usage of mobile substations as temporal grids is expected to drive the global demand in the mobile substations market over the forecast period,” says an FMI analyst.  

Key Takeaways From the Market Study:

  • A lack of awareness regarding mobile substations may impede their market growth.
  • The mobile substation market in North America will lead the global growth with ownership of 26.3% of the overall market share.
  • Rapid industrial development will propel mobile substation market in the Asia Pacific region.
  • Start-ups in this market are supplying personalized solutions to meet end user demands.

Competitive Landscape 

General Electronic, Hitachi ABB Inc., Siemens AG, Qingdao MEIDENSHA CORPORATION, Enerset Power Solutions, and Aktif Group of Companies among others are some of the major players in the mobile substations market profiled in the full version of the report.

Leading market players are keen on finding solutions to energy issues and entering new economies to expand their operations. These businesses engage in agreements, partnerships, and collaborations to strengthen their market positions.

More Insights into Mobile Substations Market Report

In its latest report, FMI offers an unbiased analysis of the global mobile substations market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (trailer-mounted mobile substation, skid mounted mobile substation, containerized, others), voltage (high voltage, medium voltage), end use (industrial, manufacturing, energy and power, transportation and logistics, aerospace and marine, IT and telecommunications, oil and gas, mining, military, chemical, others), and region.

According to the latest FMI reports, based on region, the mobile substation market in North America will display notable growth during 2022-2032. Accounting for 26.3% of the overall market share, the regional mobile substation market will be driven by a well-established industrial sector, rising need for power, coupled with heightened power demand arising due to natural disasters and other challenges, particularly in the U.S.

Asia Pacific’s mobile substation market will also demonstrate impressive growth during this period. Densely populated countries along with rapid industrial growth will spur the demand for mobile substations in this region. A surge in the sales of mobile substations is to be expected due to rising awareness about adequate transmission and the rising need for uninterrupted power supply.

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Key segments

By Type:

  • Trailer-mounted mobile substation
  • Skid-mounted mobile substation
  • Containerized
  • Others

By Voltage:

  • High Voltage
  • Medium Voltage

By End Use:

  • Industrial
  • Manufacturing
  • Energy and Power
  • Transportation and Logistics
  • Aerospace and Marine
  • IT and Telecommunication
  • Oil and Gas
  • Mining
  • Military
  • Chemical
  • Others

By Region:

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

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 is 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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Future Market Insights Inc.
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Bird Toy Market is Estimated to Grow at a 5% CAGR by 2032 | FMI

The bird toys market is expected to reach US$ 386 million. Over the course of the forecast period, demand is expected to expand at a 5% CAGR, with a US$ 631 million market valuation by 2032. Twelve to fourteen percent of the world’s pet toy business is made up of bird toys. Impressively, sales of bird toys constitute a significant portion, encompassing 12-14% of the global pet toy market.

Birds toys are utilized by bird owners to burn off energy and engage their pet birds. Toys for birds give both physical and mental stimulation. Pets utilize bird toys to release their pent-up energy and play.

Bird-care spending is increasing as the popularity of adopting birds as companions for mental well-being, health, and amusement grows. Pet birds require new and varied types of toys that are supplied and replaced out of their cage on a regular basis so that the birds do not become bored with them.

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Additionally, pet owners’ humanization of birds and treating them as family members has a favorable impact on the pet toys. The global pet toys and training market, on the other hand, is constrained by a lack of understanding among purchasers about how to use specific items for training purposes.

However, throughout the forecasted period, the growing popularity of natural and eco-friendly pet toys is predicted to create opportunities for the global pet toys and training market.

Key Takeaways from the Bird Toy Market Study:

  • Online segments contributed to the lion’s share in the bird’s toy market.
  • North America is expected to be the dominating bird toy market due to the increasing population of pet owners and trends in pet adoption.
  • Europe and South Asia are the fastest growing bird toy market on the back of an increase in pet adoption and a growing trend of pet humanization.
  • In terms of product type, the foraging toys segment is expected to witness fastest growth over the forecast period (2022-2032).

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Who is winning?

Leading manufacturers of bird toy products are focused on aggressive promotional strategies, advertisement offers, and new product launches that have driven sales growth of shaving care globally.

Major players present in the Birds Toys products market are Superbirdtoystore, Petsmart, Petathome, Petvalu, Makeyourownpettoys, Petland, Petmate, and others

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global Birds Toys market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032. The study divulges compelling insights on the shaving care market based on product types (foot toys, swings & bungees, snugglies, perches & perch toy, foraging toys, chewing toys, noisemakers, climbing toys, play gyms) by price range (low, medium, and premium), by sales channel (hypermarkets/supermarket, pets specialty stores, pets care center, online retailers, and other sales channel), and across seven key regions.

Bird Toys Market by Category

Product Type:

  • Foot Toys
  • Swings & Bungees
  • Snugglies
  • Perches & Perch Toys
  • Foraging Toys
  • Chewing toys
  • Noisemakers
  • Climbing toys
  • Play gyms

Price Range:

  • Low
  • Medium
  • Premium

Sales Channel:

  • Supermarkets/Hypermarkets
  • Pets Specialty Stores
  • Multi-Brand Stores
  • Pet care centers
  • Online Retailers
  • Other Sales Channel

Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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Horse Stable Supplies Market is Projected to Reach US$ 2.7 Billion by 2032 | FMI

The global horse stable supplies market is anticipated to reach US$ 2.7 billion by 2032 from an estimated US$ 1.5 billion in 2022. From 2022 to 2032, the market is projected to develop at a compound annual growth rate (CAGR) of 6.0%. Currently, horse stable supplies account for between 0.5% and 1% of the pet care market.

The global horse stable supplies market is projected to grow at a steady pace with the entry of new competitors. Increasing investments in research and development activities to discover new products to cater to the high customer demand are also expected to drive the market.

Trends like humanization of pets and recreational equestrianism are expected to be some of the other key drivers in the forecast period. Reintroduction of horses as pets among private, high-net-worth individuals has given rise to a new customer base in the horse stable supplies market.

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Key Takeaways: Horse Stable Supplies Market

  • The China horse stable supplies market is expected to rise at a CAGR of 6% during the forecast period from 2022 to 2032.
  • The U.S. horse stable supplies market is expected to grow at a CAGR of 3% in the forecast period from 2022 to 2032.
  • The U.K. is anticipated to dominate the North America horse stable supplies market by exhibiting a CAGR of 2% in the evaluation period.
  • By product type, the disinfectants and deodorizers category is set to generate nearly 21.1% of the global horse stable supplies market share by 2032.
  • Based on sales channel, the specialty stores segment is projected to generate lion’s share in the horse stable supplies market by the end of 2032.

“Increasing participation of people living in low- and middle-income countries in equestrian sports is expected to bode well for the global horse stable supplies market during the forecast period,” says a FMI analyst.

Competitive Landscape: Horse Stable Supplies Market

Industry leaders have maintained their positions in the global horse stable supplies market by constantly innovating their existing product line-ups. They are also aiming to provide customers with cutting-edge products that would fulfill their specific needs.

Besides, the global market is set to witness the entry of new companies with rising horse adoption among high-net-worth individuals worldwide.

Key players in the global horse stable supplies market are Burlingham Sports, Manna Pro, AHC Products Inc., Saratoga Horseworks Ltd., Kensington Protective, Little Giant, TuffRider, HorZe, Mountain Horse, Partrade, Tough-1, Farnam Companies, Inc., Martin Saddlery, Gatsby Ltd., K&H Pet, Farm Innovators Co., and Back On Track among others.

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Horse Stable Supplies Market Outlook by Category

By Product Type:

  • Cleaning Supplies
  • Disinfectant and Deodorizers
  • Feeding Tools
  • Horse Accessories
  • Others

By End User:

  • Private
  • Commercial

By Price Range:

  • Economic
  • Median
  • Premium

By Sales Channel:

  • Specialty Stores
  • Supermarkets
  • Direct Sales
  • Online Retailers
  • Retail Stores
  • Other Channels

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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Special Interest Tourism Market Soars with Remarkable 22.7% CAGR, Enroute to US$ 26,921.1 Billion by 2032 | FMI

The special interest tourism market is projected to reach US$ 3,489.7 Billion in 2022. As per the report, sales are forecast to increase at a robust 22.7% CAGR, with the market valuation reaching US$ 26,921.1 Billion by 2032. Total sales in the special interest tourism market represent 10 to 15% of the global tourism market.

Agritourism is thriving across the world since it offers unique opportunities for combining aspects of agriculture and tourism industry, offer a plethora of educational, financial, and social benefits to tourists and communities, alike.

Surging focus on sustainability will remain chief driver of special interest tourism. An increasing number of rural advocates, government officials, and farmers are enthused about prospects of direct farm marketing. Direct marketing aids in rural development by attracting agricultural tourists.

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Recreational activities such as pick your own food, cut-your-own Christmas trees, and others are organized under this concept, facilitating special interest tourism growth around the world.

Expansion of agritourism is presenting lucrative opportunities for special interest tourism growth. Ranch stays across the U.S. and farm stays in India are popular example for this. Besides this, the rising focus on sustainably travelling will enable growth in the market. With an increasing number of travelers showing keen interest on traveling more responsibly, prospects for special interest tourism growth are expected to soar.

With COVID-19 pandemic exposing vulnerabilities of the tourism industry, focus on sustainable tours and travels is expected to grow. United Nations World Tourism Organization has integrated Sustainable Tourism Goals encouraging adherence to certain standard while promoting tourism. Such initiatives by international organizations will boost special interest tourism market in the coming years.

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Some of the key takeaways from FMI’s study on special interest tourism market are:

The expansion of tourism industry in France and U.K. will catapult Europe to fore of special interest tourism marketActivities will remain key purpose motivating travelers to opt for special interest tourismEnvironmental activities will remain highly sought-after, while demand for adventure tourism is forecast to rise steadilyOnline booking will rise even as conventional methods such as in-person booking remain popular

“Governments around the world are adopting various strategies to revive tourism industry as economies return to normalcy following COVID-19 outbreak. Keen focus on special interest tourism is noted, as governments engage in promoting special activities across tourism destinations,” revealed a lead analyst at FMI.

Surging Demand for Personalizing Tour Packages

According to Think with Google, nearly 57% of travelers are in favor of personalizing their buying experiences based on their personal preferences, behavior, and past choices.

The rising demand for personalization has become a crucial driver of the special interest tourism growth. By offering flexible packages and tailoring them as per traveler’s preferences, travel and tour companies stand a better chance of satisfying them. The rising demand for personalizing travel packages and experiences will aid in the expansion of the market in the coming years.

Driven by changing consumer preferences, prominent trip advisors and planners such as Travel Triangle and others are offering facilities for personalizing travel experiences. This is expected to bode well for the global market.

Who is winning?

The report identifies some of the leading companies operating in the market. To gain edge amid surging competition, market players are focusing on designing unique packages. For instance, Martin Randall Travel Ltd. offers competitively-priced trips across U.K. and Europe. Meanwhile, Audley Travel Group Ltd., supports several social and environmental charities and projects across the world. In January 2020, it was also granted the Travelife Partner aware as a recognition of its efforts towards improving corporate social responsibility and sustainability.

Some of the other leading players in the market:

  • The Cultural Travel Company
  • Audley Travel
  • Trafalgar
  • Myths and Mountains
  • Global Medical Treatments
  • Carlson Wagonlit Travel
  • National Geographic Expeditions
  • Flight Centre Travel group
  • The Priceline Group
  • BrightSpark
  • EF Educational Tours
  • Wendy Wu Tours UK
  • ACIS Educational Company
  • Intrepid Travel
  • Cox and Kings
  • GeoEx
  • China Highlights
  • Globus Student Discoveries
  • Kuoda Travel
  • ACE Cultural Tours
  • Others

Global Special Interest Tourism Market by Categor

By Purpose:

  • Activity
  • Educational
  • Discovery
  • Hobbies
  • Challenge
  • Relaxation
  • Health & Therapy
  • Day Tours

By Activity:

  • Environmental
    • Ecotourism
    • Nature-Based Tourism
    • Wildlife Tourism
    • Others
  • Adventure
    • Backpacking
    • Mountaineering
    • Whitewater Rafting
    • Cycling
    • Others
  • Sport
    • Golf
    • Tennis
    • Sailing
    • Soccer
    • Cycling
    • Kayaking
    • Scuba Diving
    • Others

By Tourist Type:

  • Domestic
  • International

By Traveler Type:

  • Individual
  • Couple
  • Group
  • Professional

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 66-75 Years

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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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Aquarium Hydrometers Market is Expected to Reach at a US$ 2.2 Million by 2032

The aquarium hydrometer market size is forecast to reach US$ 1.1 Million in 2022. Sales are projected to increase at a 7% CAGR, with the market size reaching US$ 2.2 Million by 2032.

Fish should be bred in wild water species because they are sensitive to temperature changes in their environment. If the aquarium is too chilly, the fish will be agitated and vulnerable to parasite infection; conversely, if the aquarium is too warm, the dissolved oxygen levels will drop quickly, leading to the fish choking in the aquarium. A suitable system for controlling temperature and salt must therefore be implemented. Aquarium salinity meters are therefore necessary.

The global market for aquarium accessories has been more and more well-known over the years as a result of people’s growing curiosity with the underwater world and how it affects the ambiance in homes and other residential and commercial areas. Aquariums have evolved into a significant opportunity for the younger generation to interact with nature, as well as a source of information about aquatic animals.

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The pastime of keeping fish has gained popularity recently among individuals all over the world, which has led to a rapid expansion of the aquarium accessory market. One of the most beautiful living decorations that can be found in any house, hotel, restaurant, or other place is a well-kept aquarium.

Sales of aquarium hydrometers for home aquariums are anticipated to increase as a result of the growing trend of pet humanization. Additionally, growth in the pisciculture industry across emerging economies will support demand throughout the projected period, predicts an analyst for FMI.

Key Takeaways:

  • Based on sales channel, demand for aquarium hydrometers at online channels will remain high.
  • In terms of product type, sales of swing arm hydrometers will continue gaining traction.
  • The U.S. will dominate the North America aquarium hydrometer market over the forecast period.
  • China will emerge as a lucrative pocket, accounting for a dominant share in the East Asia aquarium hydrometer market.

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Competition Landscape

Leading companies in the aquarium hydrometer include

  • Tropical Marine Centre Ltd.,
  • PetSmart, Petco,
  • Petland,
  • Juwel Aquarium, and
  • Tetra.

Aquarium Hydrometer Market by Category

Product Type:

  • Swing arm hydrometers,
  • Floating hydrometers

Application:

  • Seawater Aquarium
  • Freshwater Aquarium

End Use:

  • Residential
  • Commercial

Price Range:

  • Low
  • Economy
  • Premium

Sales Channels:

  • Wholesale distributors
  • Specialty Stores
  • Supermarket/Hypermarkets
  • Aqua specialty Centre
  • Aquarium shops
  • Pet Care Shops
  • Online Retailers
  • Other Sales Channel

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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Oncolytic Adenovirus Market Targets US$ 250 Billion Valuation by 2033 | Future Market Insights,Inc.

Oncolytic Adenovirus Market
Oncolytic Adenovirus Market

During the forecast period 2023 to 2033, the oncolytic adenovirus market is expected to grow at a value of 7.5% CAGR, according to Future Market Insights. By the year 2033, the global market for oncolytic adenovirus is expected to rise up to a market valuation of US$ 250 Billion. Growth of the market can be attributed to increasing investments by key players for research and development of medication for oncolytic adenovirus.

The COVID-19 pandemic affected the development of the oncolytic adenovirus owing to the disruption in the research and development of medication. Lack of funds and access to resources to develop and innovate therapies is affecting the growth of the market. On the other hand, post-pandemic, the increasing use of technology in the formation of therapies is positively influencing the growth of the oncolytic adenovirus market.

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The prevalence of people being affected by cancer in North America and Asia Pacific is a key driver for the growth of the oncolytic adenovirus market. Increasing healthcare expenditure and integration of technology to understand the nature and effect of oncolytic adenovirus is propelling the growth of the overall market. In the upcoming forecast period, funding by government and non-government organizations is expected to drive the overall growth of the market.

Key Takeaways :

  • The oncolytic adenovirus market is expected to possess 7.5% CAGR in the forecast period 2023-2033
  • By application, lung cancer is expected to possess 35% market share for oncolytic adenovirus in 2023.
  • North America is expected to possess 43% market share for Oncolytic adenovirus market in 2023.
  • Asia Pacific oncolytic adenovirus market size is expected to possess 39% market share in 2023.

“Growing prevalence of cancer amongst all age groups along with technological integration to create therapeutic medication is creating lucrative opportunities for oncolytic adenovirus market. states a FMI analyst

Competitive Landscape

Key players in the oncolytic adenovirus market are Amgen, Sorrento Therapeutics, Transgene SA, Oncolys BioPharma, Targovax, Lokon Pharma, Vyriad, TILT Biotherapeutics, CG Oncology Inc, VCNBiosciences, DNAtrix, Replimune Group Inc

  • Lokon Pharma AB is a Swedish biotech company developing the LOAd platform of oncolytic adenoviruses genetically engineered to express immunostimulatory genes in malignant tumors and tumor stroma.
  • TILT Biotherapeutic’s head of R&D Riikka Havunen was awarded oral presentation “Oncolytic adenoviruses armed with tumor necrosis factor alpha and interleukin-2 enable treatment of solid tumors with T cell therapies” at the 16th Cancer Immunotherapy Annual Meeting in Mainz, Germany in May 2018.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Oncolytic adenovirus market, presenting historical analysis from 2017 to 2022 and forecast statistics for the period of 2023-2033.

The study reveals essential insights on the basis of Type (HSV-based Oncolytic Viruses, Adenoviruses-based Oncolytic Viruses, Others), Application (Melanoma, Prostate Cancer, Breast Cancer, Ovarian Cancer, Lung Cancer, Others), regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Key Segments :

Type:

  • HSV-based Oncolytic Viruses
  • Adenoviruses-based Oncolytic Viruses
  • Others

Application:

  • Melanoma
  • Prostate Cancer
  • Breast Cancer
  • Ovarian Cancer
  • Lung Cancer
  • Others

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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North America’s Dominance in the Industrial Furnaces Market Throughout the Forecast – Insights by Future Market Insights

The market for industrial furnaces will likely reach US$ 17,112 million by 2033, with sales increasing at a moderate CAGR of 4.3% between 2023 and 2033. The market for industrial furnaces will likely reach an estimated US$ 11,230 Million in 2023, driven by a rapidly increasing preference for automation technologies and electrical industrial equipment.

Thermal enclosures which process both liquid and solid raw materials at high temperatures are categorized as industrial furnaces. These furnaces can attain higher temperatures in comparison to open-air systems.

Available in various forms, industrial furnaces are applied in different industries like food processing, glass, metal, refractories, cement, plastic, fiber, ceramic, and many others. The enduring usage of industrial furnaces in these industries will continue to bolster the demand for industrial furnaces in the upcoming years.

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The major driver for the target market is the constant demand for steel, iron, and other essential metals and materials. Industries like automobiles, buildings & construction, metallurgy, and others contribute to the escalating demand for these metals. This growing demand results in the establishment and expansion of enterprises that supply industrial furnaces. Again, the introduction of IIoT and Industry 4.0 has enabled industrial furnaces to optimize efficiency and automation. All of this culminates in the steady growth if the industrial furnaces market over the forecast period.

Furthermore, since industrial furnaces are a vital part of major industries for the processing of various materials like oil, gases and food products, many newer and different versions of the furnaces are being introduced in the market. In addition to this, expansion strategies of older market players as well as entry of new market players are stimulating the competitive environment which in turn boosts the scope of the industrial furnaces market over the projected period.

“Advancing the manufacturing industry is expected to facilitate growth opportunities for the global industrial furnaces market over the forecast period,” says an FMI analyst. 

Key Takeaways:

  • Rising building and construction activities promote market prospects over the assessment period.
  • High maintenance costs act as hindrances to the overall market growth.
  • North America holds about 21% of the overall market share.
  • Europe accounts for about 24% of the global market share.
  • Industrialization projects drive market growth in the Asia Pacific region.

Competitive Landscape 

Epcon Industrial Systems, LP, International Thermal Systems, Industrial Furnace Company, Nutec Bickley, L&L Special Furnace Co., Inc., Thermcraft, Inc., SCHMIDT + CLEMENS GMBH + CO. KG, ANDRITZ, and LÖCHER among others are some of the major players in the industrial furnaces market profiled in the full version of the report.

In a highly competitive market, key market players are focusing on facility and operations expansion. These businesses are keen on operating across various regional areas.

More Insights into Industrial Furnaces Market Report

In its latest report, FMI offers an unbiased analysis of the global industrial furnaces market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of arrangement (tube or clamshell type industrial furnace, box type industrial furnace, car bottom type industrial furnace), operation (gas/ burner operated industrial furnace, electrically operated industrial furnace), application (atmosphere industrial furnace, vacuum industrial furnace), structure (batch industrial furnace, continuous industrial furnace), end user (automotive manufacturing, oil & gas, metallurgy, steel & iron production, food processing), and region.

According to the latest FMI reports, based on region, the industrial furnaces market in Europe is anticipated to thrive over the forecast period. The market in this region accounts for about 24% of the global market share. Rising usage of metals like iron, steel, copper, and others in a variety of industries like power distribution, machinery manufacturing, construction, etc., drives the market growth in this region. Many major market players are increasing their investments and expanding their production facilities in Europe which further boosts the regional market growth.

The North American industrial furnaces market holds around 21% of the overall market share and is predicted to substantially grow over the forecast period. A remarkable rise in the production and sale of automotive vehicles coupled with heightened demand for electric heating industrial furnaces fuels the target market growth in this region.

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Key Segments Profiled in the Industrial Furnaces Industry Survey

Industrial Furnaces Market by Arrangement:

  • Tube or clamshell-type Industrial Furnace
  • Box Type Industrial Furnace
  • Car Bottom Type Industrial Furnace

Industrial Furnaces Market by Operation:

  • Gas/Burner Operated Industrial Furnace
  • Electrically Operated Industrial Furnace

Industrial Furnaces Market by Application:

  • Atmosphere Industrial Furnaces
  • Vacuum Industrial Furnace

Industrial Furnaces Market by Structure:

  • Batch Industrial Furnace
  • Continuous Industrial Furnace

Industrial Furnaces Market by End User:

  • Industrial Furnaces for Automotive Manufacturing
  • Industrial Furnaces for Oil and Gas
  • Industrial Furnaces for Metallurgy
  • Industrial Furnaces for Steel and Iron Production
  • Industrial Furnaces for Food Processing

Industrial Furnaces Market by Region:

  • North America Industrial Furnaces Market
  • Latin America Industrial Furnaces Market
  • Europe Industrial Furnaces Market
  • Asia Pacific Industrial Furnaces Market
  • Middle East and Africa Industrial Furnaces Market

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 is 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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Future Market Insights Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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sales@futuremarketinsights.com
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Medical Tourism Market Soars with Remarkable 30.5% CAGR, En Route to US$ 75 Billion by 2032 | FMI

The medical tourism market would be worth more than US$ 5.2 Billion in 2022.The size of the medical tourism industry is expected to expand at a CAGR of 30.5% between 2022 and 2032. FMI predicts that the market will be worth US$ 75 Billion by 2032.

While healthcare efforts remained focused on managing the COVID-19 crisis, reversing growth projections to an extent for 2020, with the situation stabilizing, treatment of life-threatening diseases and chronic ailments will begin gaining traction 2021 onwards.

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While an increasing number of Americans are travelling abroad for availing medical treatment, there has been significant surge in inbound medical tourism of the country as well. The Joint Commission International (JCI), which is a nonprofit organization, evaluates the quality and standard of healthcare facilities across the globe. As a matter of fact, JCI accreditation is recognized internationally as a benchmark for quality care in hospitals and clinics. In the U.S., JCI has accredited nearly 15,000 hospitals in the U.S.

Between 2020 and 2030, the market is forecast to exhibit 12.3% CAGR, as the number of medical tourists is expected to rise at 11% over the same period. Factors such as increasing healthcare costs in the West, increasing incidence of chronic ailments, and surging demand for various cosmetic procedures have been resulting in the soaring medical tourism. Availability of cheaper treatment options abroad without compromising on the overall standard and quality of healthcare services is the chief driver of medical tourism in the East. The field contributes significantly to the generation of revenue across developing economies, which has been motivating government aids.

Besides this various government and non-government machineries are contributing towards campaigns to encourage medical tourism. Their efforts are indicative of opportunities existing in the field. For instance, the Tourism Authority of Thailand has launched a very effective e-campaign a couple of years back to assert the country’s position in the global medical tourism landscape. Besides this, various campaigns are launched in India to promote yoga and spiritual centers within the country.

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key takeaways:

  • The U.S. is expected to lead in terms of healthcare travel spending, however, in the coming years China’s spending is forecast to surge considerably
  • Among services offered under medical tourism, therapeutic services are highly sought-after. Wellness services too are gaining traction as an increasing number of medical tourists are seeking meditation and wellness retreats
  • Phone and online booking will remain more preferred modes of booking for medical tourism
  • Medical tourism is often sought for cancer and cardiovascular treatment. Besides this, cosmetics and bariatric procedures are very popular among medical tourists

Medical Tourism Shows Resilience amid COVID-19

While the unprecedented COVID-19 outbreak might have caused significant disruptions, recovery is on card, thanks to prompt response by governments around the world. Thailand’s response to the ongoing pandemic, for instance, has won praise from the United Nations, the World Health Organization, and other experts around the world. Thailand has been ranked among the top five countries among 184 in terms of the effectiveness of their battle against the virus.

According to the Thailand Board of Investment, more than 50 applications for investments, worth over US$ 400 million were submitted during the first half of 2020 to introduce a range of novel measures, accelerating investment in the medical sector. Proactive steps taken by government and non-government organizations will enable the medical tourism market sail despite losses incurred during COVID-19.

Key Players:

  • Clemenceu Medical Center
  • Asklepios Klinik Barmbek
  • Fortis Hospital
  • Apollo Hospitals
  • Gleneagles Hospital
  • Prince Court Medical Center
  • Shouldice Hospital
  • Christus Muguerza Super Specialty Hospital
  • Anadolu Medical Centre
  • ITL World
  • Global Healthcare Connection Inc.
  • Mednamaste
  • Satori World
  • Medical E-Medsol Pvt. Ltd.
  • Bumrungrad International Hospital
  • Bangkok Dusit Medical Services
  • Asia Heart Institute

Key Segments

Americas

  • Global Healthcare Connections, Inc.
  • Christus Muguerza S.A.P.I De CV
  • Shouldice Hospital

Europe

  • Asklepios Kliniken GmbH

Asia-Pacific

  • Fortis Healthcare Ltd
  • Apollo Hospitals
  • Gleneagles Hospital
  • Bumrungrad international Hospital
  • Bangkok Dusit Medical Services
  • Asian Heart Institute
  • Prince Court Medical Center

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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Vaginal and Vulval Inflammatory Diseases Treatment Market Projected to Reach US$ 5.21 Billion by 2033 | Future Market Insights,Inc.

Vaginal and Vulval Inflammatory Disease Treatment Market
Vaginal and Vulval Inflammatory Disease Treatment Market

It is anticipated that the inflammatory disorders of the vaginal and vulval inflammatory diseases treatment market would grow from US$ 2.8 billion in fiscal year 2022 to US$ 2.96 billion in fiscal year 2023. Between 2023 and 2033, the global market is anticipated to expand at a 5.8% CAGR, peaking at US$ 5.21 billion by the end of that year.

Among the symptoms of vaginal and vulval inflammation are swelling around the vagina, heat when urinating, whitish-gray vaginal discharge, and clumpy vaginal discharge. Candidiasis, a yeast infection, can irritate the vaginal lining. A healthy vagina is made up of bacteria and a small number of yeast cells, but when the ratio of bacteria to yeast changes, these yeast cells or other microorganisms have the potential to grow, causing swelling, acute stinging, and irritation.

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According to CDC estimates, 42%-45% of women may experience this illness twice or more per year, and approximately three-fourths of women are expected to develop vaginal and vulval inflammation at least once. This condition is classified as difficult or simple based on its clinical presentation, host characteristics, and response to therapy.

Contacting a gynaecologist or a nurse practitioner is frequently required. Antifungal medications can also be used to treat vaginal and vulval irritation. While most cases of vaginal and vulval inflammation can be treated in a few days, more severe cases may require longer treatment. Over the forecasted period, such factors have increased the demand for treatments for vaginal and vulval inflammations.

Key Takeaways :

  • From 2018 to 2022, the market for vaginal and vulval inflammatory diseases grew at a 5.2% CAGR.
  • The market for vaginal and vulval inflammatory diseases is expected to grow at a 5.8% CAGR from 2023 to 2033.
  • According to projections, vaginal burning will dominate by indication type in 2023, accounting for 53% of total revenue.
  • The specialty clinic sector by end-user will be the second-largest segment throughout the forecast period, with a 25% market share in 2023.
  • The North American region is expected to grow at a constant CAGR of 6.4% from 2023 to 2033.
  • The Asia Pacific vaginal and vulval inflammatory diseases treatment market is expected to grow at a 5.8% CAGR between 2023 and 2033.

“The changing lifestyle among the women, optic for smoking and drinking, increasing incidences of diabetes and increasing research in this domain are the primary drivers of this market.” comments a Future Market Insights analyst.

Competitive Landscape

Some of the top players in the global Parkison’s disease market are:

  • Almirall
  • VenusConcept
  • ThermiGen LLC
  • Lutronic
  • BTL Group of Companies
  • Viveve
  • Fotona
  • Evofem Biosciences, Inc.
  • Spero Therapeutics
  • Hologic
  • Kyung Hee University Hospital

Some of the recent developments in this domain are:

  • The Venus Fiore TM Feminine Health System provides patients with a specialized approach to women’s health. The three applicators in Venus FioreTM are made to tighten labia skin, restore internal vaginal health, and minimize the mons pubis. The revolutionary applicators and features offer the best patient safety, comfort, and cleanliness with single-use disposables, while delivering obvious benefits with no downtime. It is driven by patented (MP)2 technology particularly intended for vulvovaginal health.

Key Segments:

Vaginal And Vulval Inflammatory Diseases Treatment Market By Indication:

  • Vaginal Dryness
  • Vaginal Burning
  • Vaginal Discharge
  • Genital Itching
  • Recurrent Urinary Tract Infections
  • Urinary Incontinence
  • Others

Vaginal And Vulval Inflammatory Diseases Treatment Market By Treatment:

  • Anti-Itch Medications
  • Corticosteroid Ointments
  • Anti-Itch Emollients

Vaginal And Vulval Inflammatory Diseases Treatment Market By End User:

  • Hospital Pharmacies
  • Specialty Clinics
  • Others

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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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Bird Food Market is Anticipated to Reach US$ 3.0 Billion by 2032 | FMI

The size of the world market for bird food is predicted to reach US$ 3.0 billion by 2032 from an anticipated US$ 2.1 billion in 2022.

Leading manufacturers of bird food are focused on sustainability of the environment. Also, growing health consciousness among bird owners is expected to improve the sales of bird food globally.

Non-profit groups, such as the National Audubon Society, claimed record 2020 sales in its backyard bird feeder and wild-bird-food-licensing programmes, while several birding retailers reported 50 percent increases in demand. Many people who have started monitoring birds have done so by putting out a feeder.

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Consumers are increasingly turning to e-commerce sites to buy bird food and supplies since they can provide a large variety of products at exceptional discounts and rates.

Furthermore, e-commerce websites may assist customers modify items based on their individual needs, even if the product is not accessible in a given country’s market. Leading e-commerce sites such as Walmart, Alibaba, and Amazon provide a diverse selection of items from across the world.

Key Takeaways:

  • Humanization of pets has raised consumer awareness, which has resulted in increasing expenditure on bird food.
  • South America bird food market is expected to lead the global bird food market over the forecast period (2022-2032)
  • Due to the growing trend of pet-parent culture in countries such as China, Japan, India, and Korea, the Asia Pacific market is predicted to rise at a faster rate.
  • Bird feeding activity is gaining popularity in developed regions such as North America and Europe.

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Who is winning?

Major players present in the bird food market are Wild Birds Unlimited Inc., Bulldog Products, Des Moins Feed Co. Inc, Kaytee Products Inc., GLOBAL HARVEST FOODS LLC., Pennington Seed Inc., Mars Inc., Nestle SA, Hills’s Pet Nutrition, Uni-Charm Corp, Nutriara Alimentos Ltda, Invivo NSA, Deuerer, Merrick Pet Care among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global bird food market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022 to 2032.

The study divulges compelling insights on the bird food market based on by types (Seed, Feed, Treats, Suet, Others) by price range (low, medium, and premium), by bird type (wild birds, caged birds, etc), by sales channel (wholesalers/distributors, hypermarkets/supermarket, specialty stores/pet stores convenience stores, online retailers, other retail formats) & Region

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Bird Food Market Outlook by Category

By Product Type:

  • Seed
  • Feed
  • Treats
  • Suet
  • Others

By Price Range:

  • Economical
  • Mass
  • Premium

By Bird Type:

  • Wild Birds
  • Caged Birds

By Sales Channel:

  • Supermarkets/Hypermarkets
  • Pet Specialty Stores
  • Drug & Pharmacy Stores
  • Multi-Brand Stores
  • Online Retailers
  • Other Sales Channel

By End Users:

  • Veterinary Specialty
  • Households
  • Animal Shelter

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania

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
LinkedInTwitterBlogs | YouTube