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Global absorbent glass mat(AGM) battery market is estimated to garner USD 18 Billion while exhibiting a 4.8% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure USD 11.2 Billion in 2022.

The number of research and development by the leading manufacturer and the production of maintenance-free and non-spillage batteries with loner life is the primary factor driving the growth of the absorbent glass mat (AGM) battery market. Over the course of the forecast period, the demand for renewable energy projects is anticipated to grow across the board.

The UPS segment is likely to offer remunerative opportunities for the global absorbent glass mat(AGM) battery market. Several emerging economies are making significant developments in their automotive sector, thereby, providing lucrative opportunities to players in the market.

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Key Takeaways:

• By application, the UPS segment is expected to record a 3.8% CAGR by 2032
• By voltage, the 2-4volts segment to expand at a 3.2% growth rate during the forecast period
• The U.S market to garner USD 6 Billion and record a 4.5% CAGR from 2022-2032
• Market in China to procure USD 1 Billion, expanding at a 4.1% growth rate during the assessment period

“Rising penetration of renewable energy across grids has boosted the need for efficient and flexible energy storage solutions is expected to fuel the demand of absorbent glass mat (AGM) battery market over the forecast period,” says an FMI analyst. 

Competitive Landscape
Eminent players of the global absorbent glass mat (AGM) battery market include Clarios, Power Sonic Corporation, Exide Technologies, C&D Technologies, East Penn Manufacturing Company among others. Recent key developments among players include:

• In November 2021- Clarios entered a strategic collaboration with China Lithium Battery Technology Company (CALB) to develop low-voltage lithium-ion battery systems to address the growing electrical needs of global automaker. The partnership will develop and manufacture low-voltage lithium-ion battery systems with lithium iron phosphate (LFP) cells to support the needs of electric vehicles — combining CALB’s lithium-ion cell expertise with Clarios’ battery system and vehicle integration capabilities.
• In May 2021 – Exide Technologies, updated its Exide Premium range with a modern new black design with new recycled components for reduced environmental impact. The change will lead to savings of 2,700 tons of CO2, 8 million litres of water and 1.2 million litres of crude oil in Exide’s manufacturing each year.

Key Segments Covered In The Absorbent Glass Mat(AGM) Battery Industry Survey

Absorbent Glass Mat (AGM) Battery Market by Type:

• Stationary Absorbent Glass Mat (AGM) Battery
• Motive Absorbent Glass Mat (AGM) Battery

Absorbent Glass Mat (AGM) Battery Market by Voltage:

• 2-4 Volts Absorbent Glass Mat (AGM) Battery
• 6-8 volts Absorbent Glass Mat (AGM) Battery
• 12 volts and above Absorbent Glass Mat (AGM) Battery

Absorbent Glass Mat (AGM) Battery Market by End User:

• Absorbent Glass Mat (AGM) Battery OEM
• Absorbent Glass Mat (AGM) Battery Aftermarket

Absorbent Glass Mat (AGM) Battery Market by Application:

• Absorbent Glass Mat (AGM) Battery for Automotive
  • Motor Vehicle
  • Motor Cycle
  • Others
• Absorbent Glass Mat (AGM) Battery for UPS
• Absorbent Glass Mat (AGM) Battery for Industrial Applications
• Absorbent Glass Mat (AGM) Battery for Energy Storage
• Absorbent Glass Mat (AGM) Battery for Other Applications

Absorbent Glass Mat (AGM) Battery Market by Region:

• North America Absorbent Glass Mat (AGM) Battery Market
• Europe Absorbent Glass Mat (AGM) Battery Market
• Asia-Pacific Absorbent Glass Mat (AGM) Battery Market
• Middle East & Africa Absorbent Glass Mat (AGM) Battery Market
• Latin America Absorbent Glass Mat (AGM) Battery 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 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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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The Screw Air End Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the screw air end market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for screw air end. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global screw air end market is expected to reach USD 4,339.6 million by 2024. The market is estimated to grow at a CAGR of 4.5% over the forecast period. It is expected to reach USD 6,828.7 million by 2034.

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Driving Factors Accelerating Market Growth:

1. Automation Prowess: The inexorable ascent of automation is reshaping industries across the globe. In this era of heightened efficiency and productivity, businesses are increasingly turning to screw air end solutions to meet their compressed air demands. The integration of advanced control systems and digital technologies into screw air end units is unlocking unprecedented operational efficiencies, further propelling market growth.
2. Oil-Free Advantages: The global sustainability drive and heightened environmental consciousness have paved the way for oil-free screw air compressors to ascend to the forefront of market demand. The elimination of lubricating oils not only reduces maintenance complexities but also ensures a cleaner, eco-friendly compressed air output. As eco-regulations tighten their grip, the adoption of oil-free screw air compressors is poised for an upward trajectory.
3. Energy Efficiency Imperative: In an era of escalating energy costs and stringent carbon footprint targets, energy-efficient screw air end solutions have emerged as an imperative for businesses seeking operational excellence. With their cutting-edge designs and state-of-the-art technologies, modern screw air end units are minimizing energy consumption, offering substantial cost savings, and aligning seamlessly with sustainability goals.
4. Expanding Industrial Landscape: The global industrial landscape is undergoing a metamorphosis, marked by a burgeoning manufacturing sector, an upsurge in construction activities, and rapid industrialization in emerging economies. This industrial expansion is generating an insatiable appetite for reliable and high-performance compressed air systems, consequently bolstering the demand for screw air end solutions.

Market Restraints to Navigate:

1. Cost Implications: While the advantages of screw air end solutions are indisputable, the initial capital investment required for their acquisition and installation can pose a challenge for some businesses. However, it is essential to recognize that the long-term benefits in terms of efficiency, reliability, and reduced operational costs far outweigh the upfront expenses.
2. Maintenance Complexity: The sophistication of modern screw air end units, especially oil-free variants, can lead to increased maintenance complexities. Businesses must invest in adequate training and maintenance protocols to ensure seamless operation and longevity of these systems.
3. Market Competition: As the demand for screw air end solutions continues to grow, competition within the market is intensifying. Manufacturers and suppliers must focus on innovation, product differentiation, and robust after-sales support to maintain a competitive edge in this evolving landscape.

Key Takeaways:

• Oil-free systems with improved accuracy, efficiency, and capacity are in high demand in the compressor market.
• Cost savings from reduced ancillary equipment are driving sales of these advanced compressors.
• Consumers are transitioning from conventional equipment to eco-friendly next-generation screw air end compressors due to their ease of installation and low maintenance.
• Remote sensing technology is playing a significant role in monitoring and regulating compressor performance, contributing to market growth.
• Screw air end compressors are widely adopted by major manufacturers in various industries, including automotive, pharmaceuticals, food and beverage, and oil and gas.
• These compressors enable faster mass production of complex goods and equipment, serving as a safe, low-cost, and energy-efficient alternative to electrical power and labor for a range of operations.

Competitive Landscape:

In recent years, there has been a notable increase in acquisition and expansion activities within the screw air end supply chain. Concurrently, manufacturers of screw air ends have been diligently exploring and innovating in the realm of technology. These innovations encompass enhancing resistance to oil blockage in oil-lubricated compressors and transitioning towards electric compressors to align with environmental sustainability goals.

For instance,

Atlas Copco, a renowned industrial equipment manufacturer, has undertaken strategic acquisitions to bolster its market presence. Notably, they have agreed to acquire Geveke B.V. and its affiliated subsidiaries. Geveke specializes in the sale of compressors and the engineering and installation of cutting-edge process pump systems. Additionally, Atlas Copco is set to acquire LEWA GmbH and its subsidiary companies, which hold prominence in manufacturing diaphragm metering pumps, process pumps, and comprehensive metering systems.

Key Players:

• IHI Rotating Machhinery
• Anest IWATA
• Fusheng
• Eaton Compressor
• ELGi
• Howden
• Rotorcomp Verdichter GmbH

Global Screw Air End Market by Category

By Capacity:

• Up to 5HP
• 5 to 25HP
• 25 to 50HP
• 50 to 150HP
• 150 to 300HP
• 300 to 500HP

By Technology:

• Stationary
  • Oil Lubricated
  • Oil-Free
• Portable
  • Oil Lubricated
  • Oil-Free

By Stage:

• Single Stage
• Two-Stage
• Multi-Stage

By Driver Type:

• Liquid Driven
• Gas Driven
• Electric

By Type:

• Belt Drive
• Gear Drive

By End-Use:

• Oil and Gas Industry
• Chemical Industry
• Energy and Transmission
• Automotive and Aerospace
• Mining and Minerals
• Other Manufacturing Industry

By Region:

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

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The test and measurement equipment market is experiencing a 5.6% CAGR through 2034, with an estimated value of USD 35,684.4 million in 2024 and a projected value exceeding USD 61,534.3 million by 2034.

The demand for precise and reliable test and measurement equipment is increasing across various industries such as telecommunications, aerospace, automotive, and healthcare. This trend is driven by the need to ensure quality and performance in these sectors. The growth is also driven by the booming telecom industry, especially in emerging economies.

The increasing complexity of electronic products and systems has led to a growing need for sophisticated testing equipment. This equipment ensures functionality, reliability, and compliance with industry standards and regulations.

The demand for test and measurement devices is driven by Industry 4.0 and increasing automation. Their utilization in aerospace, automotive, and healthcare industries has shown significant growth post-pandemic.

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Countries like China, Japan, India, and the United States have deployed 5G networks. This has also led to a heightened need for equipment capable of handling the technology’s higher frequencies, wider bandwidths, and increased data rates.

Key Takeaways from the Market Study

• The calibration services segment dominates the global test and measurement equipment market with a share of 4% in 2024.
• Based on product type, the general-purpose test equipment segment leads the test and measurement equipment market with a share of 4% in 2024.
• The test and measurement equipment market in Spain is anticipated to grow at a CAGR of 2% through 2034.
• The test and measurement equipment market in China is estimated to rise at a 3% CAGR through 2034.
• The test and measurement equipment market in India has the potential to increase at an 3% CAGR through 2034.
• The United States test and measurement equipment market is predicted to rise by a 1% CAGR through 2034.
• The test and measurement equipment market in the United Kingdom is very likely to grow at a CAGR of 2% through 2034.

“Companies in the test and measurement equipment market must forge strategic partnerships with technology firms, research institutions, and industry bodies. This approach helps them stay ahead in innovation and expand their market reach,” opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape

The global test and measurement equipment market is highly competitive due to the presence of numerous key players and constant innovation.

• Leading companies such as Agilent Technologies, Keysight Technologies, Tektronix, Rohde & Schwarz, and National Instruments have established loyal consumer bases and extensive distribution networks through their long-standing presence and industry expertise.
• Companies are actively pursuing mergers and acquisitions to broaden their product offerings, enter new markets, and gain access to cutting-edge technologies in addition to competition.

Top 10 Key Players in the Test and Measurement Equipment Industry

• Keysight Technologies
• Agilent Technologies
• Tektronix
• Rohde & Schwarz
• National Instruments (NI)
• Fluke Corporation
• Anritsu
• Yokogawa Electric Corporation
• Teledyne LeCroy
• Advantest Corporation

Recent Developments:

• Electro Rent expanded its services in May 2024 to offer Calibration-as-a-Service (CaaS) for test and measurement equipment in the United States. and Canada, adding to its portfolio.
• In April 2024, FLUKE won a USD 3.8 million contract from the United States Navy for 5730A multimeter calibrators to enhance the accuracy of the Naval Air Systems Command Metrology and Calibration Program in testing power electronics devices.

Key Segments of Market Report

By Service:

On the basis of services, the sector is bifurcated into:

• calibration services
• after-sales services.

By Product Type:

Based on the product type, the industry is bifurcated into:

• general-purpose test equipment
• mechanical test equipment.

By Vertical:

On account of verticals, the sector is segmented into,

• healthcare,
• electronics and semiconductor,
• IT and telecommunication,
• aerospace
• defense,
• automobile
• transportation,

By Region:

Depending on the region, the industry is divided into:

• North America,
• Latin America,
• Europe,
• Asia Pacific,
• Middle East

Author:

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

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

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

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

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The barcode scanner demand to expand at 6.52% CAGR from 2024 to 2034.

The global barcode printer market revenue to drive past USD 8,552.87 Million by the year 2032.

The global barcode printers and consumables market size to expand at an average 6.2% from 2023 to 2033.

The global modular robotic market valuation to cross USD 66.42 Billion by 2034.

The global industrial robotics market size to cross US$ 220 Billion by the end of 2033.

The global warehouse robotics market revenue share to surpass USD 5,609.75 Million in 2034.

The global poultry keeping machinery sales to drive past USD 7.7 Billion by 2033.

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The Physical Security Information Management Market revenues were estimated at USD 2.3 Billion in 2021 and is anticipated to grow at a CAGR of 16.7% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of USD 12.6 Billion.

Rising digitization and rigorous regulatory standards such as the Health, Safety, and Environment standards are driving the adoption of PSIM in the energy and utility industries to meet regulatory requirements. One of the key end goals in all of these businesses has always been to minimize costs and risks while preserving end-product quality and timeliness. The installation of new energy-generating facilities is expected to fuel the growth of this sector.

ARES Security Corporation is transforming nuclear power plant security and operations by utilizing robotic technology that can help or replace personnel in physical security, technical, and service activities at present and future Advanced and Small Nuclear Reactors (A/SNR).

ARES announced that the Department of Energy has awarded it US$ 200 Thousand for Small Business Innovation Research Phase 1 Grant. This project will concentrate on the physical security challenges associated with A/SNR size, design, physical layout, operations, and the possibility of being located in remote places with fewer staff than massive nuclear power plants or other large-scale energy sources.

Energy plants are huge and distantly located, making monitoring challenging. People can get around perimeter protection and even barge their way past access restricted doors. This is where remote monitoring technologies, like video surveillance help businesses.

CCTV cameras make it considerably easier for operations or security personnel to see who enters and departs the facility. Guards that work long in shifts may grow fatigued, lose attention, and become sidetracked by false alarms. When security cameras are augmented with advanced video analytics, security becomes considerably easier.

Key Takeaways from the Market Study

• Global Physical Security Information Management Market is expected to reach a market size of US$ 2.7 Bn by 2022.
• The Software segment, is expected to have the highest CAGR rate of 17.4% during the forecast period.
• United States is expected to remain the most dominant market with an absolute dollar growth opportunity of US$ 1.3 Bn during 2022–2032.
• The market in South Korea is set to experience the highest CAGR of 19.2% during the 2022–2032 forecast period.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Physical Security Information Management Market are focused on R&D and collaborations to produce innovative technological solutions.

• In April 2022, SureView Systems, a provider of open response systems for security operations, and Calipsa, a market leader in deep-learning driven video analytics for false alarm reduction, announced a merger of their cloud-based flagship products. Calipsa’s software increases security control centres’ ability to process and respond to video alarm events when combined with SureView’s next-generation PSIM technology.
• In January 2022, With the support of EURAZEO, Prysm Software, a key developer of PSIM software solutions and security systems, joined the VITAPROTECH group, the French market leader in premium security solutions for sensitive sites. The VITAPROTECH firm boosts its expansion in security software solutions and strengthens its monitoring business by acquiring Prysm Software. The open-standards-based solutions give significant flexibility and ease of deployment, assuring end client independence and unifying heterogeneous settings. The firm has more than 150 partners globally who have been educated on its PSIM platform AppVision.

More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Physical Security Information Management Market, presenting historical market data (2017–2021) and forecast statistics for the period of 2022–2032.

The study reveals extensive growth in Physical Security Information Management Market by Component (Software, Service), By End-Use (Residential, Retail, BFSI, Telecom & IT, Transportation & Logistics, Government & Defense Sector, Hospitality, Industrial Manufacturing, Energy & Utility, Health Care, Others) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered in Physical Security Information Management (PSIM) Market Analysis

By Component:

• Software
• Service

By End-Use:

• Residential
• Retail
• BFSI
• Telecom & IT
• Transportation & Logistics
• Government & Defence Sector
• Hospitality
• Industrial Manufacturing
• Energy & Utility
• Health Care
• Others

By Region:

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

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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:      

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube