Global Laser Hair Removal Devices Market to Reach US$ 11.2 Billion by 2033, Says Future Market Insights

According to Future Market Insights (FMI), the global laser hair removal devices market value is expected to reach US$ 3.3 billion in 2023. Over the forecast period, global sales of laser hair removal devices are likely to rise at 13.0% CAGR. By 2033, total market value is anticipated to reach US$ 11.2 billion.

In 2022, the worldwide laser hair removal devices industry valuation totalled US$ 2.9 billion. Looking forward, the same market is projected to generate an absolute $ growth of US$ 7.9 billion during the assessment period.

Sales of lasers are likely to outpace those of other laser hair removal products during the projection period. This is due to their effectiveness, low maintenance costs, and fewer side effects.

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As per the latest analysis, demand for lasers is predicted to rise at 12.8% CAGR through 2033, in comparison to the 14.7% CAGR recorded during the historical period from 2018 to 2022.

Laser hair removal devices have become ideal solutions for removing unwanted and excessive hair. This is due to their safety, efficacy, and minimally invasive nature.

Growing focus on improving physical aesthetics and rising preference for laser hair removal procedures across the globe is driving the global laser air removal devices industry forward.

Today, people are spending huge amounts on different cosmetic procedures to improve their physical appearance. Cosmetic procedures such as laser hair removal remain especially popular among women.

For instance, as per the American Society of Plastic Surgeons (ASPS), among 757,808 laser hair removal procedures recorded in 2020, women segment contributed 635618 (or 84%). This rise in the adoption of laser hair removal procedures is expected to act as a catalyst triggering market growth.

The increasing incidence of polycystic ovary syndrome (PCOS) and hirsutism along with escalating demand for long-term hair removal solutions is another key factor expected to boost the market.

Expansion of the aesthetics sector, technological advancements in lasers, and shifting preference towards non-invasive procedures are other factors stimulating market growth.

Key Takeaways from the Laser Hair Removal Devices Market Report:

The global laser hair removal devices industry is projected to attain a valuation of US$ 3.3 billion by 2033.

Based on product type, the laser segment is forecast to expand at 12.8% CAGR during the forecast period.

By end use, beauty clinics segment is projected to thrive at a CAGR of 12.7% through 2033.

The United States market is anticipated to cross a valuation of US$ 1.9 billion by the end of 2033.

Laser hair removal device demand in Japan is likely to rise at 12.9% CAGR during the forecast period.

China’s laser hair removal devices market size is anticipated to reach US$ 2.2 billion by 2033.

South Korea market is forecast to progress at 12.4% CAGR over the projection period

The United Kingdom laser hair removal devices industry is set to expand at 12.7% CAGR through 2033.

“Growing interest in personal grooming and wider accessibility to a wide range of cosmetic treatments are expected to swiftly drive the global laser hair removal devices industry through 2033. To gain maximum profits, key players are focusing on introducing new hair removal solutions with user-friendly features. opines Sudip Saha, managing director and MD at Future Market Insights (FMI) analyst.

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Who is Winning?

Alma Lasers Ltd, Cutera, Inc., Cynosure Inc., LUMENIS, Lutronic, Sciton Inc., Solta Medical Inc., Syneron Medical Ltd., Venus Concept Canada Corp, and Viora among others are a few of the leading laser hair removal device manufacturers profiled in the report.

These key players are employing several strategies ranging from new product launches, mergers, and acquisitions to partnerships and collaborations to gain a competitive edge in the market. For instance,

Recent developments:

In February 2019, Alma Lasers introduced a new hair removal device called Soprano Titanium.
Restraints

While the future appears promising for the laser hair removal devices market, it is not without its challenges. Regulatory hurdles and safety concerns may pose obstacles to market expansion. Manufacturers need to navigate these hurdles diligently to ensure the continued growth of the industry.

Region-wise Insights and Category-wise Insights

An in-depth analysis of regional and category-wise trends is crucial for stakeholders looking to make informed decisions in the laser hair removal device market. Understanding the unique demands and preferences of different regions and customer segments will be key to unlocking growth opportunities.

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Global Laser Hair Removal Devices Market Segmentation

By Product Type:

Laser
Intense Pulse Light
Others

By End Use:

Beauty Clinics
Dermatology Clinics
Home Use

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia and Pacific
Middle East and Africa

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
For Sales Enquiries: sales@futuremarketinsights.com
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Exploring the 6.1% CAGR Outlook for the Global Nerve Monitoring Devices Industry through 2032 | FMI Study

The Global Nerve Monitoring Devices Industry is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 6.1%. This anticipated surge will see the market expand from US$ 1.1 billion in 2021 to a substantial US$ 1.7 billion by 2026.

This exciting development comes with the latest insights and statistics gathered from leading pharmaceutical and healthcare device manufacturers worldwide. FMI, a prominent authority in market analysis, is proud to present an extensive and comprehensive examination of the Global Nerve Monitoring Devices Industryt.

FMI’s research extends to over 5000+ drugs, spanning across more than 100 countries. This rich dataset empowers our ongoing investigation into the present and forthcoming scenarios of the Global Nerve Monitoring Devices Industry.

Our team of expert researchers and healthcare analysts diligently tracks data from well-established industry players, as well as new entrants. This commitment ensures the delivery of an unbiased analysis, equipping industry stakeholders with the knowledge required to make informed, financially sound decisions.

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Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Nerve Monitoring Devices Market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of the Global Nerve Monitoring Devices Industry. With our extensive research and information about the past, current and future Market scenario, the Nerve Monitoring Devices Market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.

Critical Questions Answered in the Report

  1. What are ongoing trends that will shape Market growth curve for the Global Nerve Monitoring Devices Industry?
  2. What are the drivers and challenges affecting the Nerve Monitoring Devices Market demand?
  3. What are the recent technological advancement in the Global Nerve Monitoring Devices Industry?
  4. What are key trends and opportunities that will prevail the revenue growth of Global Nerve Monitoring Devices Industryt players?
  5. How will evolving regulatory policies impact the Market growth?
  6. What is the impact of Covid-19 on the Global Nerve Monitoring Devices Industry?

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Global Nerve Monitoring Devices Industryt: Segmentation

By Region

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

Detailed analysis on the geographical region and country-wise insights are offered in the latest Global Nerve Monitoring Devices Industry report with established Market players as well as incumbents in the region.

By Segment:

By Product:

  • Nerve Monitor
  • Accessories
  • Probe
  • Electrode

By Technology:

  • EEG
  • ECOG
  • EP
  • EMG

By Application:

  • Neurosurgery
  • Spine Surgery
  • ENT Surgery
  • Cardiovascular Surgery

Comprehensive analysis of the regional Markets offers exclusive insights on the Market performance across geographies along with relevant graphs, figures, and list of tables.

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Competitive Analysis

By Prominent Market Players

Medtronic, Dr. Langer Medical GmbH, Magtism, Inomed, Deymed Diagnostic, EMS Biomedical, NeuroSign, NuVasive Inc., Natus Medical Incorporated.

With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and Marketing strategy adopted by these players in the Global Nerve Monitoring Devices Industry

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of Market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of  prominent players and emerging players in the Global Nerve Monitoring Devices Industry
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and Market player-centric solutions for the upcoming decade according to the present Market scenario

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
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Octabins Industry Booms with a 5.5% CAGR Forecast: Paving the Way for Eco-Friendly Bulk Packaging

Octabin Market

The global octabins market is experiencing substantial growth potential and is expected to surpass a valuation of US$ 377 million by 2022. This growth is primarily attributed to the increasing demand for alternatives to traditional bulk packaging solutions like big-bag and metal containers. Future Market Insights (FMI) anticipates that sales of octabins will maintain a steady upward trajectory, with a robust compound annual growth rate (CAGR) of 5.5% projected over the forecast period from 2022 to 2026.

One of the key drivers propelling the octabins market is the shift in consumer preference towards sustainable packaging solutions, particularly in regions like the U.S., China, India, and other countries. This change in attitude is boosting the demand for octabins, which are considered more eco-friendly and versatile for bulk packaging needs.

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Asia Pacific, excluding Japan, is expected to dominate the global octabins market, accounting for approximately 33.4% of sales in 2022. Manufacturers are also innovating in response to industry requirements, offering double and triple wall corrugated boards for octabins. For instance, DS Smith launched a 5-litre octagonal box made of cardboard with a flexible plastic interior in June 2022.

Interestingly, the market for bulk bags is experiencing fluctuations, with a 10 basis share point (BPS) decline in H1-2022 compared to H1-2021. However, a surge of 20 BPS change is projected when comparing the H1-2022 outlook period, indicating evolving market dynamics and the growing appeal of octabins as a bulk packaging solution.

The leading manufacturers are making provisions for cost-effective packaging solutions as an alternative for dispatching products in small containers and sacks. This will also benefit in shipping and labor cost savings. Several companies are working towards developing octabins for the purpose of robotic packaging lines as well as cool chain uses for frozen foods.

In order to widen the product portfolio, manufacturers are also working towards developing octa bins in a way that it holds the potential for transport proficiency, extension of shelf-life, and product promotion. Benefits such as flexibility in sizes and provision of printing and producing according to consumer needs will help the manufacturers in optimizing their entire supply chain, by also generating significant savings. Besides, environment-friendly, reduction in load weight, carbon emissions and shipping costs are also factors leading to increasing demand for octa bins.

The report specifies that revenues from global octabins market will increase at a healthy 5.4% CAGR during the projected period, 2022-2026. The report additionally anticipated that global sales of octabins will account for revenues worth nearly US$ 467.4Mn by 2026-end.

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Base Discharge Octabins to Create Opportunities for Global Market in the Forthcoming Years

Base discharge octabins are nearly similar to standard octabins but the benefit to this product is that, it holds base discharge from the bottom of box or container. Manufacturers are taking efforts in increasing their product range for base discharge octabins as this product help in eliminating manual handling and are also easily available off-shelf. Companies are also strategizing in advancing octabins with base discharge system in a way that they are a perfect alternative to flow bins.

Food Industry to Increase the Usage of Octabins Which Will Drive Production Sales

Octabins are considered as standardized and large containers and are used on a large scale in the food industry for the storage of vegetables and other dry products. In food industry, usage of plastic pallets for lifting octabins is made obligatory. However, preferences of manufacturers are shifting towards wooden pallets due to factors such as hygiene regulations and cost-efficiency. Apart from this, in every heavy-duty and light industries, usage of octabins are increasing at a rapid pace.

Notable Points from Octabin Market Report for the Forecast Period, 2022-2026

  • On the basis of revenue, APEJ will continue to be the largest market for octabin, followed by North America.
  • Based on product type, standard octabins are expected to remain significantly larger than rest of the segments.
  • The lion’s share in the global market for octabin is contributed by food industry.
  • Customized products will observe the fastest growth during the review period.

Chief market players blocked in by the report includes Quadwall, Europac, IBC International, DS Smith, Rondo Ganahl AG, International Paper, Mondi Group and Smurfitt Kappa.

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Octabins Market:

By Product Type:

  • Standard octabins
  • Base discharge octabins
  • Self-assembly octabins
  • Telescopic octabins
  • Free flow base octabins

By End Use:

  • Food industry
  • Consumer Goods
  • Chemical industry
  • Others

By Capacity:

  • Standard
  • Customized

By Region:

  • North America
  • Europe
  • Latin America
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  •  Middle East & Africa

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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 Appetite for Thin Wall Plastic Containers: Leading the Way with 4.1% CAGR in the Food and Beverage Industry

Thin Wall Plastic Containers Market

The global thin-wall plastic container market is witnessing significant growth, driven by the growing shift towards sustainable packaging solutions. Future Market Insights (FMI) anticipates a year-on-year growth rate of 5.3% in 2021, with global sales expected to reach a substantial 307,885 million units in the same year. FMI’s analysis projects that the market’s total worth will reach US$ 32.2 billion in 2021, with a continued upward trajectory. The thin wall plastic container market is forecasted to sustain a healthy compound annual growth rate (CAGR) of 5.6% between 2021 and 2031.

North America stands at the forefront of this market, primarily due to the rising demand for plastic containers within the food and beverage industry. The region is poised to maintain robust growth, with a projected CAGR of around 4.1% throughout the forecast period. This growth reflects the increasing preference for thin wall plastic containers as a sustainable and versatile packaging solution in response to evolving consumer and industry demands.

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The expanding network of retail and supplier channels is a promising sign for sustained market growth. Moreover, consumer preference for lightweight packaging is expected to extend the market’s reach to diverse sectors and industries, emphasizing its potential to reshape the packaging landscape sustainably.

Future Market Insights (FMI) has published a new report titled “Thin Wall Plastic Containers Market: Global Industry Analysis 2016 – 2020 and Opportunity Assessment 2021 – 2031.” The growing use of thin wall plastic containers can be attributed to the increasing demand from the food and beverages sector.

In order stay competent in the market, key players are constantly focusing on innovation and are looking forward to cater to the needs of consumers as well as the vertical industries. A strong presence of the leading players across several regions and the expertise of specific companies in certain areas is one of the notable characteristics of the global thin wall plastic containers market.

Companies are also focusing on mergers and acquisitions to maintain their position in the global market in the long run. For instance, in 2016, Ball Corporation acquired Rexam plc. The acquisition was aimed at strengthening the production capacity of the former company. The other leading companies operating in the market are Double H Plastics, Inc., ACMEPAK PLASTIC PACKAGING, LTD., Sem Plastik, RPC Group Plc, Mold-Tek Packaging Limited (MTPL), ENGEL AUSTRIA GmbH, and D K Industries.

Expanding production by market players is expected to benefit the global thin wall plastic containers market in the long run. As stated in the report, the global thin wall plastic containers market is expected to witness a CAGR of 5.6% from 2021 to 2031. The market was worth US$ 32,223 Mn in 2021.

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Lightweight Packaging to Push Market Revenue Growth

Companies across the globe in different sectors are trying to cut costs and eliminate processes that diminish their bottom line. In comparison to other forms of packaging such as glass or can, a less amount of raw material is used while manufacturing thin wall plastic containers. This helps companies cut down their raw material costs.

In addition to this, thin wall plastic containers can be manufactured in a shorter cycle time which translates to higher productivity and comparatively lower cost per produced part. Furthermore, thin wall plastic containers are used in a variety of applications including medical disposables, electronic hosing and protection among others, which provide a lot of potential for cost savings for manufacturers, suppliers, and retailers in multiple fields.

As these containers are quite thin, they offer a myriad of design opportunities as well. Moreover, in an effort to meet sustainability goals, companies are concentrating on lighter packaging materials.

On the other hand, snowballing landfills, impairment of the ecosystem, and long-term health problems are some of the harmful effects of plastic containers. Growing oversight by consumers and interest groups over the harmful effects of traditional plastic packaging has made eco-friendly packaging the Centre of the strategic base of the industry.

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Many companies operating in the market are banning packaging materials such as plastic and are looking for alternatives of these packaging materials. Various manufacturers are at present focusing on biodegradable packaging. This scenario may negatively impact growth in sales of thin wall plastic containers.

Counterfeit Products to Pose a Threat to the Global Market

Like other vertical industries, the thin wall plastic containers industry too is inundated by the overflow of counterfeit products. The influx of counterfeit products has been recognized as a core problem for the growth of the market in the long run. These counterfeit products are of low quality and can severely harm the well-being of end users. Companies such as Amcor are looking for ways to address this issue while maintaining their originality in the process.

Market Segmentation:

Product Type:
Boxes & Bins
Trays
Cups
Lids
Thin Wall Pails
Bowls

Material Type:
Polypropylene (PP)
Polystyrene (PS)
Polyethylene (PE)
High-density Polyethylene (HDPE)
Low-density Polyethylene (LDPE)
Polyethylene Terephthalate (PET)

Manufacturing Technology:
Thermoformed
Vacuum Technology
Injection Molded Technology
Others

Region:
North America
Latin America
Eastern Europe
Western Europe
China
Middle East and Africa
Asia Pacific
Japan

Application:
Dairy Products
Frozen Foods
Fruits and Vegetables
Bakery and Confectionery
Juices and Soups
Meat, Seafood and Poultry
Ready-to-eat Meals
Pharmaceuticals
Personal Care and Cosmetics
Paints, Lubricants and Adhesives

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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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Carbon Dioxide Lasers Market Predicted to Reach US$ 7.1 Billion by 2033 | FMI Study

The carbon dioxide lasers market is set to exhibit remarkable resilience and sustained growth in the coming decade, with an estimated (CAGR) of 3.6% projected from 2023 to 2033. This impressive forecast is indicative of the enduring demand and expanding applications of carbon dioxide lasers across various industries. By the end of 2033, the market is anticipated to reach a substantial valuation of US$ 7.1 billion, underlining its pivotal role in cutting-edge technology, medical procedures, manufacturing processes, and scientific research.

The carbon dioxide laser market’s continued ascent demonstrates its pivotal position in the world of laser technology, ensuring its relevance and influence well into the future.
In the dynamic landscape of the carbon dioxide lasers industry, a captivating trend is emerging, centered around the rapid integration of fiber lasers.
As the demand for advanced and high-performance laser systems continues to surge across diverse industries, the fusion of carbon dioxide lasers with fiber laser technology has become a game-changer.

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This amalgamation offers a multitude of benefits, including enhanced precision, improved efficiency, and increased versatility in various applications such as cutting, welding, marking, and additive manufacturing.

The market is witnessing a profound transformation as manufacturers and consumers alike recognize the potential of this trend to revolutionize industrial processes and applications.

The seamless interplay of fiber laser integration with carbon dioxide lasers is ushering in a new era of possibilities, propelling the market toward unprecedented growth and innovation.

In the medical realm, CO2 lasers have revolutionized surgical procedures and aesthetic treatments. The growing adoption of non-invasive and minimally invasive surgeries has been a key driver for the CO2 laser market in the medical sector.

These lasers provide exceptional control, making them ideal for skin resurfacing, scar revision, and treating various skin conditions. Additionally, the beauty and cosmetic industry has witnessed an upsurge in demand for CO2 lasers due to their effectiveness in skin tightening and body contouring procedures.

Despite the burgeoning growth prospects, the market is not without challenges. The limited number of suppliers for some components and materials used in CO2 lasers can lead to potential supply chain disruptions and impact the availability of these laser systems.

The high initial capital investment required for advanced CO2 laser systems can be a deterrent for smaller enterprises, hindering market penetration to some extent.

“The Carbon Dioxide Lasers Market exhibits promising growth prospects, as revealed by our latest market research study, with increasing applications in industrial, medical, and scientific sectors, the Carbon Dioxide Lasers Market is poised for substantial expansion, driven by its precision, efficiency, and versatility.”- says Sudip Saha, Managing Director and Co-Founder at Future Market Insights.

Key Takeaways From The Carbon Dioxide Laser Market:

The market for carbon dioxide lasers in the United States of America is expected to capture a market share of US$ 1.3 billion by 2033.
The United Kingdom’s carbon dioxide lasers industry is anticipated to move forward at a rate of 3.4% from 2023 to 2033.
By 2033, the market for carbon dioxide lasers in Japan is to hold a US$ 1 billion market share on a global level.
On the basis of output power, up to 50W sub-segment is likely to be the prominent one with a CAGR of 3.5% from 2023 to 2033.
The industrial sub-segment, by application, is predicted to achieve a growth rate of 3.4% over the forecast period.
What is the Competition Landscape in the Carbon Dioxide Lasers Market?
The competition landscape in the market is characterized by numerous players vying for market share and technological leadership.
Established laser manufacturers and specialized companies are competing to cater to the diverse demands of industries such as medical, manufacturing, and research.

Key factors influencing the competition include laser performance, precision, reliability, pricing, and the ability to offer customized solutions.

Continuous research and development efforts to enhance CO2 laser capabilities, drive efficiency, and explore novel applications are intensifying the race for market dominance, making it a dynamic and vibrant marketplace.

Leading Key Players:

Amtec
Coherent, Inc.
Control Laser Corporation
El.En. S.P.A.
Epilog Laser

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Carbon Dioxide Laser Market Segmentations:

By Output Power:

Up to 50 W
50 W to 500 W
500 W to 1000 W
Above 1000 W

By Application:

Industrial
Communication
MedicalTop of Form

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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Scintillator Detectors Market to Surge at 7.0% CAGR, Reaching US$ 460.4 Million by 2033

According to a Future Market Insights (FMI) report, the scintillator detectors market is poised for substantial growth, with an anticipated value of US$ 233.9 Million in 2023, projected to surge to US$ 460.4 Million by 2033. This robust expansion reflects a remarkable compound annual growth rate (CAGR) of 7.0% throughout the forecast period, highlighting the thriving sales of scintillator detectors.

The scintillator detectors market is a dynamic and significantly evolving industry that plays a crucial role in detecting and measuring ionizing radiation. These are the devices that convert incident radiation into visible light, allowing for accurate and efficient radiation detection. They find extensive applications in various sectors, including healthcare, nuclear power plants, security and defense, research, and high-energy physics experiments.

The market for scintillator detectors has experienced significant growth due to the rising demand for advanced medical imaging technologies, increasing concerns about radiation safety and security, and the expansion of nuclear power infrastructure.

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As technological advancements continue to drive innovation in scintillator materials and detection systems, scintillator detectors’ efficiency, sensitivity, and cost-effectiveness have improved significantly.

China’s market for scintillator detectors is projected to reach US$ 91 Million by 2033, with a significant CAGR of 7.0% from 2023 to 2033. Growing focus on radiation safety, adoption of advanced medical imaging, and expanding applications in homeland security and industrial safety are driving market growth.

The United States market in scintillator detectors is expected to reach US$ 81.5 Million by 2033, showing substantial growth with an absolute dollar increase of US$ 39.8 Million during the forecast period. Moreover, advancements in scintillator technology and increasing demand in healthcare, security, and industrial sectors contribute to market expansion.

The United Kingdom market in scintillator detectors is projected to witness consistent growth with a CAGR of 6.8% during the forecast period. Advancements in scintillator technology, and applications in healthcare, research, security, and industrial sectors, along with a focus on radiation safety, contribute to market growth.

Portable scintillator detectors are experiencing significant growth with a CAGR of 6.9% within the industry. They find applications in healthcare, environmental monitoring, security, and radiation safety. Further, advancements in scintillator materials and miniaturization contribute to their popularity.

The healthcare sector observes a notable 6.8% growth in scintillator detectors’ adoption. Detectors play a crucial role in medical imaging, enabling accurate disease visualization and diagnostics. Additionally, increasing healthcare needs and ongoing research contribute to market growth.

Innovations in the Market:

Eljen Technology announced the launch of a new product line of scintillation materials for the detection of ionizing radiation, notably plastic scintillators, in 2016. These have a polyvinyl toluene basis and emit fluorescent light. They provide plastics with a variety of qualities to serve numerous applications and are capable of producing them in small or big quantities to meet all requirements.

In 2020, Hamamatsu Photonics K.K. bought Toshiba Medical Technologies Corporation’s PET division. Toshiba Medical Systems Corporation is a producer of medical imaging technologies. The acquisition was made with the intention of boosting Hamamatsu Photonics’ product portfolio in the positron emission tomography (PET) sector.

Hitachi Metals, Ltd. announced a collaboration with Saint-Gobain S.A. in 2020 to produce and distribute inorganic scintillators. The joint venture aims to produce market-leading solutions by combining Hitachi Metals’ expertise in material science with Saint-Gobain’s knowledge in scintillator technology.

Key Companies Profiled:

Dynasil Corporation of America
Hamamatsu Photonics K.K.
Hitachi Metals Group
Detec
Rexon Components, Inc.
Saint-Gobain S.A.
Scintacor
Toshiba Materials Co., Ltd.
EPIC Crystal Co., Ltd.
Amcrys
Shanghai Siccas High Technology Corporation
Alpha Spectra, Inc.
Nihon Kessho Kogaku Co.

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Market Segments Covered:

By Product Type:

Pocket Size Instruments
Hand-Held instruments
Fixed
Installed
Automatic Instruments

By Application:

Healthcare
Industry & Manufacturing
Defense
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
The Middle East & Africa (MEA)

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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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North America’s Cast Stretch Film Market Set to Thrive with a 4.6% CAGR, Fueled by Technological Advancements and Stringent Standards

The North American cast stretch films Market, predominantly centered in North America and Europe, is experiencing significant developments, particularly in North America, which is witnessing a surge in advanced manufacturing techniques and technologies. Manufacturers are increasingly focusing on improving the retention force in these films, a move that promises to reduce film consumption, lower costs, and enhance availability on a global scale.

This commitment to innovation in North America is bringing about notable improvements in film quality, thickness consistency, and load retention properties. These enhancements are aligning the industry with the evolving needs of various sectors relying on casting stretch films for packaging and shipping purposes.

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Furthermore, the presence of stringent regulations and guidelines concerning the safety and quality of packaging materials is compelling North American manufacturers to develop cast stretch films that meet these standards. Compliance with these regulations is not only a regulatory requirement but also a key selling point for market players, assuring customers of the safety and reliability of their products. As a result, North America is projected to maintain a healthy Compound Annual Growth Rate (CAGR) of 4.6% during the forecast period, underscoring its pivotal role in the cast stretch film industry.

The global cast stretch films industry is anticipated to reach a valuation of US$ 2.6 billion in 2023, driven by rising demand for efficient packaging solutions. The trend is expected to create new opportunities for the industry, leading to a projected CAGR of 4.7% between 2023 and 2033, and reaching a total valuation of approximately US$ 4.1 billion by 2033.

One of the major factors contributing to the growth of the cast stretch films industry is the growth of eCommerce. The explosive growth of e-commerce has transformed the retail landscape, placing heightened emphasis on reliable and secure packaging for goods shipped directly to consumers. Cast stretch films offer a protective barrier that keeps products intact and prevents pilferage, making them an essential component of e-commerce packaging.

Cast stretch films contribute to supply chain optimization by enhancing the stability of palletized loads, which leads to fewer instances of product damage, minimizing waste, and reducing the need for costly returns or replacements. Businesses recognize the cost savings and operational efficiencies gained through improved supply chain management.

Industries are shifting towards more sustainable packaging solutions, with increasing environmental concerns. Cast stretch films made from recyclable materials, biodegradable polymers, or those with reduced material usage align with sustainability goals and appeal to environmentally conscious consumers.

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Key Takeaway:

  • Global cast stretch films industry was valued at US$ 2.5 billion by 2022-end.
  • From 2018 to 2022, the industry demand expanded at a CAGR of 2.1%.
  • North America is expected to hold a dominant CAGR of 4.6% during the forecast period.
  • By material type, linear-low density polyethylene (LLDPE) segment is expected to constitute a CAGR of 4.6% in 2033.
  • On the basis of end use industry, the food & beverages segment is expected to dominate the market with a CAGR of 4.6% in 2033.
  • From 2023 to 2033, cast stretch films industry is expected to flourish at a CAGR of 4.7%.
  • By 2033, the industry value of cast stretch films is expected to reach US$ 4.1 billion.

Advancements in material science, across the globe, is a major factor that is expected to propel the growth of the cast stretch films market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the cast stretch films industry are Sigma Plastics Group, Inc., BP Plastics Holding Bhd, Clondalkin Group Holdings BV, Borealis AG, Bischof + Klein, Winpak Ltd., Berry Global Inc., Jindal Poly Films Limited, SML Maschinengesellschaft mbH, and Amcor Plc., among others.

Recent Developments:

  • In 2023, Berry Global acquired Clondalkin Group Holdings BV, a leading manufacturer of cast stretch films.
  • In 2022, BP Plastics Holding Bhd. launched its new line of high-barrier cast stretch films.
  • In 2022, Jindal Poly Films Limited expanded its production capacity for cast stretch films in India.
  • In 2021, Clondalkin Group Holdings BV acquired the assets of AEP Industries, a leading manufacturer of cast stretch films in North America.

Key Companies Profiled:

Sigma Plastics Group, Inc

BP Plastics Holding Bhd

Clondalkin Group Holdings BV

Borealis AG

Bischof + Klein

Winpak Ltd.

Berry Global Inc.

Jindal Poly Films Limited

SML Maschinengesellschaft mbH

Amcor Plc.

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Key Segmentation: 

Material Type:

  • Polyethylene (PE)
  • Linear Low-Density Polyethylene (LLDPE)
  • Low-Density Polyethylene (LDPE)
  • Polypropylene (PP)
  • Polyamide (PA)
  • Others

Thickness:

  • Up to 30 micron
  • 31 micron – 50 micron
  • 51 micron – 70 micron
  • Above 70 micron

Layer Type:

  • Single Layer
  • Multi – Layer

End Use Industry:

  • Food & Beverages
  • Pharmaceuticals
  • Personal Care & Cosmetics
  • Electrical & Electronics
  • Home Care
  • Chemicals
  • Other

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • Middle East and Africa (MEA)

Author

Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.

Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.

Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.

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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Commercial Electric Restaurant Ranges Market Set to Heat Up to US$ 76.8 Billion by 2033 with a 5.6% CAGR Surge

The global market for commercial electric restaurant ranges is simmering with promise, poised to achieve a valuation of US$ 44.5 billion in 2023. Fueled by sustained economic growth and the increase in disposable incomes worldwide, the Commercial Electric Restaurant Ranges Market is projected to maintain a scorching Compound Annual Growth Rate (CAGR) of 5.6% between 2023 and 2033, ultimately reaching an impressive US$ 76.8 billion by 2033.

A pivotal catalyst driving growth in the commercial electric restaurant ranges market is the heightened focus on energy efficiency. With escalating energy expenses and growing concerns regarding environmental sustainability, the pursuit of energy-efficient solutions takes center stage. In this context, electric ranges have emerged as a star performer, outshining gas ranges in multiple facets. In this culinary landscape, the commercial electric restaurant ranges market stands as a beacon of both culinary excellence and sustainability, cooking up a recipe for success.

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The increasing demand for energy-efficient and eco-friendly kitchen appliances is one of the primary factors driving the growth of the commercial electric restaurant ranges market. Commercial kitchens are looking for appliances that can help them reduce their energy consumption and environmental footprint as energy costs rise and there is a growing awareness of the need to reduce carbon emissions. Electric ranges are an excellent choice because they use less energy than gas ranges and do not emit harmful pollutants.

Another factor driving market growth is the growing popularity of electric cooking. As more people adopt plant-based and healthier diets, they are looking for cooking methods that are both healthy and sustainable. Cooking vegetables and other plant-based foods requires precise temperature control, which electric cooking provides. Furthermore, electric ranges do not emit the same amount of heat and smoke as gas ranges, making them a safer and more comfortable option for the kitchen.

Additionally, the rise of the foodservice industry is also driving the growth of the commercial electric restaurant ranges market. As more restaurants, cafes, and other foodservice businesses open up, the demand for commercial kitchen appliances is increasing. Commercial electric ranges are becoming more popular as they offer better control over temperature and provide consistent cooking results. Additionally, electric ranges are easier to clean and maintain, which is essential in a busy commercial kitchen.

Key Takeaways from the Market Study:

  • Global commercial electric restaurant ranges market was valued at US$ 42.1 Billion by 2022-end
  • From 2017 to 2022, the market demand expanded at a CAGR of 3.3%
  • The United States is expected to hold the highest market share of 33.4% during the forecast period.
  • The Indian market is anticipated to witness a market share of 6.3%
  • From 2023 to 2033, commercial electric restaurant ranges services are expected to flourish at a CAGR of 5.6%.
  • By 2033, the market value of commercial electric restaurant ranges is expected to reach US$ 76.8 Bn.
  • By Type, the Commercial Electric Ranges with Standard Oven segment is expected to constitute a CAGR of 5.4% in 2033.
  • On the basis of Application, the Full-Service Restaurants segment is expected to dominate the market with a CAGR of 5.3% in 2033.

“The increasing focus on food safety & hygiene, as well as surging technological advancements in the commercial electric restaurant ranges are the major factors that are anticipated to boost the market growth in the near future,” remarks an FMI analyst.

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Key Players:

  • Alto-Shaam, Inc.
  • Vulcan
  • Garland Group
  • Blue Seal Limited
  • Lang World
  • Rational AG
  • Blodgett
  • Electrolux AB
  • MKN Maschinenfabrik Kurt Neubauer GmbH & Co. KG
  • Falcon Foodservice Equipment
  • Stove Systems Pty Ltd
  • G.S. BLODGETT CORPORATION
  • Moffat Group Pty Ltd
  • American Range Corporation
  • Garland Commercial Industries LLC
  • Southbend
  • Montague Company

Key Segments Covered:

Commercial Electric Restaurant Ranges Market by Type:

  • Commercial Electric Ranges with Standard Oven
  • Commercial Electric Ranges without Standard Oven

Commercial Electric Restaurant Ranges Market by Power Rating:

  • 208V
  • 240V
  • 480V

Commercial Electric Restaurant Ranges Market by Application:

  • Quick Service Restaurants
  • Full-Service Restaurants
  • Hotels
  • Other Food Services

Commercial Electric Restaurant Ranges Market by Region:

  • North America
  • Europe
  • Europe
  • Latin America
  • Middle East & 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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Commercial Gas Restaurant Ranges Market Set to Reach US$ 24,324 Million by 2033 with a 5.5% CAGR Surge

The global commercial gas restaurant ranges market is experiencing a notable ascent, commencing with a substantial valuation of US$ 13,497.6 million in 2022. According to Future Market Insights (FMI), this market is poised to sizzle, with a projected value of US$ 24,324 million anticipated by the conclusion of 2033, propelled by a consistent Compound Annual Growth Rate (CAGR) of 5.5%.

Restaurants worldwide proudly uphold diverse culinary traditions, and at the heart of their kitchens lie commercial gas ranges, serving as the linchpin of their culinary operations. These ranges offer steadfast and consistent cooking capabilities, delivering a cost-effective and efficient approach to crafting delectable dishes. In recent years, commercial gas restaurant ranges have undergone a transformation, adopting contemporary, streamlined designs that prioritize both energy efficiency and environmental sustainability. In this dynamic culinary landscape, the commercial gas restaurant ranges market emerges as a crucial component in the pursuit of gastronomic excellence and environmental consciousness.

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The United States recorded the largest market share of 33.30% in 2022 due to the emergence of chain restaurants, the increase of street food stalls, and the growth of cloud kitchens. The increasing government ban on natural gas usage due to pollution and healthcare concerns will hinder the market’s growth further.

As global expenditure on kitchen devices rises, compact designs become more prevalent, and advanced technologies become more readily available in developed countries, the kitchen devices segment is expected to dominate.

Key Takeaways from the Market Study:

  • Commercial gas restaurant ranges were expected to grow at a compound annual growth rate of 4.40% between 2023 and 2029.
  • Based on 2022 market projections, Japan held a market share of 5.70% in 2022.
  • Commercial gas restaurant ranges were dominated by Australia, which held a 3% share during the forecast period.
  • The market share of home bakers and street food businesses in the United Kingdom is forecast to grow at a 6% CAGR.
  • China is projected to exhibit the fastest growth rate with a CAGR of 6.20% in the forecast period.

“It is projected that a growing array of aesthetic designs, colors, shapes, and sizes will continue to take hold at a lucrative rate in the next few years. This is primarily due to the increasing prevalence of restaurant businesses in the market.” comments a Future Market Insights analyst.

Competitive Landscape:

Key players in the commercial gas restaurants market are GE Appliances, Middleby Corporation, ITW Food Equipment Group LLC, Electrolux AB, Comstock-Castle Stove Co., Inc., Elica SPA, Whirlpool Corporation, Elster GmbH, Comet Kitchen Company, Kanteen India Equipments Co., Jindal Gas Appliances Pvt. Ltd. and Shree Ambica Industries, among others.

These companies are investing in the development of new technologies for efficient and energy-saving cooking appliances, such as induction cooking, which has become increasingly popular among chefs in recent years.

  • In April 2023, AdvancePoint Capital, LLC continues to provide flexibility and diversity in its services. The company believes that providing capital and education can help more restaurant entrepreneurs succeed since restaurant ownership is extremely difficult – most fail within five years of opening.
  • It provides small businesses with the financial resources they need through a variety of lending programs and expert guidance. A flexible repayment plan is also offered by the company to suit the needs of every customer. As an equipment dealer, working capital provider, and loan provider, AdvancePoint Capital is always available to assist.

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Key Segments Analysed:

By Type:

  • LPG Range
  • Coal Gas Range
  • Natural Gas Range

By Power Source:

  • Gas
  • Electrical

By Pricing:

  • Economical
  • Premium

By End User:

  • Retail
  • Hospitality
  • Food & Beverage Processing
  • Hotels & Restaurants
  • Others

By Application:

  • Ranges & Braising Pans
  • Fryers
  • Griddles & Hot Plates
  • Deck & Convection Oven
  • Steam Equipment
  • Boilers
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & 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
LinkedInTwitterBlogs | YouTube

Rising Demand and Market Growth: Thin Films and Printed Batteries Set to Reach US$ 1,138.14 Million by 2033 | Future Market Insights, Inc.

The Thin Films and Printed Batteries Market is predicted to be worth US$ 180.78 Million in 2023 and rise to US$ 1,138.14 Million by 2033. The market is expected to increase at a CAGR of 20.2% from 2023 to 2033.

Thin film and printed batteries have advanced in terms of their density, longevity, and better safety. The key players are driven towards technical improvement by the increased demand for these batteries in electronic gadgets and medical devices, allowing the batteries to become thinner or more flexible.

For instance: To address the drawback of solid-state batteries, the Tokyo Tech Corporation and Tohoku University have created batteries with lower resistance.

Market Opportunities

  • The development of IoT and wireless sensor technologies has led to a rapid uptake of wireless sensors worldwide.
  • Wireless sensors are now being employed in situations where they have not before been used due to the rapid development of energy-harvesting technologies like thin film and printed flexible batteries.
  • Microbatteries’ excellent form factors, ultra-thin profiles, and minimal leakage characteristics make it possible to capture energy. Thin film and printed battery manufacturers anticipate the rising popularity of energy-harvesting-based autonomous wireless sensors to provide new business opportunities.

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Key Takeaways from Thin Film and Printed Batteries Market Report:

  • By 2033, the thin films and printed batteries market in the United Kingdom is likely to expand, with a CAGR of 19.3%.
  • By 2033, the United States is expected to dominate the thin films and printed batteries market with a valuation of US$ 325.6 million.
  • The thin films and printed batteries market was significantly expanding, with a size of US$ 150.4 million in 2022.
  • The thin films and printed batteries sector expanded at a CAGR of 24.3% from 2018 to 2022.
  • By 2033, China’s thin films and printed batteries market is projected to expand, with a CAGR of 21.3%.
  • By 2033, South Korea is expected to expand significantly in the thin films and printed batteries business, with a CAGR of 20.7%.
  • Japan’s thin films and printed batteries industry is likely to expand significantly, with a 19.6% CAGR by 2033.
  • By 2033, the below 1.5 V segment is expected to dominate the market, with a CAGR of 20.1%, based on voltage.
  • By 2033, the below 10 mAh segment is expected to dominate the market, with a CAGR of 20%, based on capacity.

Top Competitors and Their Winning Strategies

To improve their market positioning, makers of thin film and printed batteries have used various techniques, including new product introductions, product development, and acquisitions.

  1. Samsung SDI Co., Ltd
  2. Enfucell Oy Ltd.
  3. Ultralife Corporation
  4. Blue Spark Technologies
  5. BrightVolt, Inc

Recent Developments:

  • In March 2020, Wearable Temperature Tag, a new product from Enfucell, was just introduced. The tag is built using a combination of SoftBattery, NFC, and a sophisticated temperature sensor.
  • With consistent investment in research and development, Samsung SDI secures breakthrough technologies and increases technological competitiveness. Moreover, Samsung SDI is taking a giant step toward the energy field by extending its business into the cutting-edge materials and components industry.
  • Imprint Energy said in August 2019 that the developer’s kit for their flexible, ultrathin, secure, printable batteries is now more widely available. The batteries were created specifically to power IoT devices integrated with Semtech’s LoRa devices for low power wide area networks and functioning with Bluetooth Low Energy and other standards.

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Thin Film and Printed Batteries Market: Key Segmentation

By Type:

  • Thin Films Batteries
  • Printed Batteries

By Voltage:

  • Below 1.5V
  • Between 1.5V and 3V
  • Above 3V

By Capacity:

  • Below 10 mAh
  • Between 10 mAh and 100 mAh
  • Above 100 mAh

By Rechargeable:

  • Primary Batteries
  • Secondary Batteries

By Application:

  • Consumer Electronics
  • Smart Cards
  • Smart Packaging
  • Medical Devices
  • Wireless Sensors
  • Others

By Region:

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

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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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube