Market Research Blog – Page 546 – New Product Development

Lay Flat Bags Market Set to Reach US$ 54.04 Billion by 2032, Powered by Health Trends and Blockchain Technology

The worldwide lay flat bags market, valued at an estimated USD 24.8 billion in 2022, is projected to grow at an impressive pace, reaching USD 54.04 billion by 2032, according to recent market forecasts. This growth is being driven by increasing consumer demand for packaged food and beverages, as health consciousness rises globally and per capita income continues to climb.

Lay flat bags, which are commonly used in food and beverage packaging, are expected to see widespread adoption as companies work to meet growing consumer demand while also responding to environmental concerns. In line with these trends, manufacturers of lay flat bags are actively adapting and innovating, with a strong focus on sustainable materials and technologies that align with the global shift toward eco-friendly practices.

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Blockchain has the potential to instill confidence in the customer packaging business by improving tracking, security, counterfeit prevention, and efficiency. For instance, UPS has put money into blockchain-based intelligent logistics, and ShipChain is poised to completely transform the logistics industry.

Artificial intelligence and machine automation are expected to also maintain their pivotal roles. Rapid packaging and shipping of custom orders will soon be expected by customers. Predictive maintenance, collaborative robots (cobots), and Internet of Things (IoT) standardization are just a few of the technology advancements that will be essential to meeting the needs of these customers.

The implementation of intelligent warehouse management systems is a vital step towards changing the future lay flat bags market outlook. Currently, Alibaba uses smart warehousing, and its automated robots can move 500 kg of items and coordinate package placements. Warehouses are easier to control, and packaging processes can be optimized with the help of a partially or fully automated packaging line and collaborating robots.

3D printing has the potential to expand the reach of print-to-order manufacturing, according to industry experts. In terms of prototyping packaging, 3D printing allows for greater adaptability, efficiency, and decreased costs. With improvements in quality, speed, and materials, 3D printing is expected to have a greater impact on the lay flat bags sector in the future years.

By using large-scale printing for packaging in conjunction with robotic process automation, cognitive computing, or Internet of Things connectivity, lay flat bags companies may create more efficient and less cluttered living and working environments.

As brand owners rethink their product launches for the future normal, packaging firms may capitalize on this transition by creating value and expanding their lay flat bags market share.

To achieve success, one must adopt an innovative mentality and make sound strategic decisions considering shifting megatrends. Companies that take the initiative to monitor and respond to market changes will be better positioned to become valued advisors to their clientele.

Lay Flat Bags Market Overview

Lay Flat Bags are made of thin, flexible, plastic film or plastic textile for containing and storing goods such as food, chemicals, etc., and allow high volume of content. Lay Flat Bags are among the most commonly used plastic bags because they provide excellent protection for everyday use at a great price.

They are one of the easiest and most affordable ways to package any product. Lay Flat Bags offer a unique opportunity to reduce packaging weight, and product to packaging weight ratio while separating from traditional rigid alternatives like glass jars and metal cans regarding on-the-shelf appearance and consumer convenience.

The premade pouch packaging of Lay Flat Bags can be efficiently filled and closed utilizing the system of premade spouted pouches, caps and filling lines. Other features offered by Lay Flat Bags are; an easy-to-open flip-cap, a built-in tamper-evident pull ring, and an anti-spill and valve that dispenses contents on being squeezed.

The customizable valves provide clean product cutoff as well as controlled drip-free dispensing and offer maximum functionality for the consumer. In the coming years, market for Lay Flat Bags is expected to grow considerably, across the globe.

Market Dynamics

One of the major factors driving the market for Lay Flat Bags is the increasing demand from food manufacturers, such as meeting the FDA and USDA specifications for food contact and are made from low-density polyethene. These modifications are in high demand in the market since the consumer is more driven towards quick and safe intake of food ingredients, which ultimately aids in driving the Lay Flat Bags market.

For instance, the growing frozen food demand due to ease of storage indirectly drives the global Lay Flat Bags market. The Lay Flat Bags are regarded as safe by authorities, which has a positive impact on the sale of Lay Flat Bags.

The various factors that can restrain the market of Lay Flat Bags are, their make from plastic and decomposition time (which is centuries). Use of plastic bags is legislated by authorities, which also impacts the market for lay flat bags.

The global Lay Flat Bags market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and the Middle East and Africa (MEA). Globally, the food industry is performing in an evolving manner where food manufacturers and suppliers are developing and working closely to meets the variety of demands from consumers.

The Lay Flat Bags market in North America is in its growing phase. With the increasing disposable income and consumerism, Asia Pacific and the Middle East region stand ahead regarding the demand for vacuum thermoformed trays.

As a result Lay Flat Bags market will witness a significant rise in CAGR through the forecasted period through our forecasted period. The APEJ Lay Flat Bags market is expected to grow at significant CAGR during the forecast period, due to the growing end-use industry such as pharmaceutical food and personal care.

Europe and North America will also witness a steady but slower growth through the forecasted period. The consumer’s trends are changing in the region which is influenced by the growing retailers generating the attractive and likewise innovative sale formats.

Key Players

The prominent players in the Lay Flat Bags market are:

Boxes 4 U
Layflat Plastic Bags
Trampak
Poly Pak Plastics
Zee Green Bags
Atlantic Poly Inc
Four Star Plastics
US Poly Pack
General Plastic Extrusions, Inc.
Brentwood Plastics

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

The report covers exhaustive analysis on

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

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Market Segmentation

The retailers’ now-a-days keeps first-hand knowledge on purchase habits of the consumers which they transmit to the manufacturers in the supply chain. This information that is generated is transferred from producer to manufacturer which causes the demand for Lay Flat Bags since it is a packaging material for manufactures.

Thus, the Lay Flat Bags manufacturer has to plan their business through consumer feedback and responses, the change in the eating habits and penetration of modernizing food products such as fast food, demand for technology, etc.

On the basis of end-use industry, Lay Flat Bags can be segmented as follows:-

Pharmaceuticals
Paint
Food
Frozen
Confectionary
Canned Foods
Personal Care

On the basis of specifications, Lay Flat Bags market can be segmented as follows:-

Transparency
High-barriers
Easy-spouts
Re-closable zippers

On the basis of geographies, Lay Flat Bags market is segmented across 7 key regions:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan
Japan
Middle East & Africa

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Global Magnesium Hydroxide Market Set for Significant Growth, Projected to Reach USD 2.6 Billion by 2034

The global magnesium hydroxide market is poised for remarkable growth, with an estimated market size of USD 1,421.6 million in 2024, projected to surge to USD 2,601.8 million by 2034, reflecting a compound annual growth rate (CAGR) of 6.2% from 2024 to 2034.

Magnesium hydroxide (Mg(OH)₂) is a versatile compound widely used in industrial and environmental applications. Known for its flame-retardant properties and neutralizing capacity, it plays a crucial role in wastewater treatment, pharmaceuticals, and as a safer alternative in non-toxic flame retardants.

The growing emphasis on environmentally friendly materials is boosting the adoption of magnesium hydroxide, particularly in sectors like plastics, paper, and coatings. Additionally, its application in pharmaceuticals and food products for digestive health is expanding its market footprint.

Key Takeaways from Magnesium Hydroxide Market Study:

The global magnesium hydroxide market is projected to grow at a CAGR of 6.2% between 2024 and 2034.
By 2034, the market value is estimated to reach USD 2,601.8 million.
Environmental applications lead the demand, accounting for a significant share due to its usage in wastewater treatment.
The Asia-Pacific region is expected to dominate the market, driven by rapid industrialization and environmental regulations in countries like China and India.
The plastics and rubber sector will see substantial growth, with increasing adoption of magnesium hydroxide as a non-toxic flame retardant.

Competitive Landscape in the Magnesium Hydroxide Market

The magnesium hydroxide market is characterized by intense competition among global players, focusing on innovation and regional expansion. Key companies in the market include:

Xinyang Mineral Group
Martin Marietta Materials Inc.
Premier Magnesia, LLC
Kyowa Chemical Industry Co. Ltd.
Nedmag Industries
Huber Engineered Materials
Israel Chemicals Ltd.
Tateho Chemical Industries Co., Ltd.
Ube Industries Ltd.
Nabaltec AG
Konoshima Chemicals Co. Ltd.
Kisuma Chemicals
Fengchen Group Co., Ltd.
Kaustik China Co., LTD

Explore the Full Magnesium Hydroxide Market Report for Expert Insights!

Key Segments of Market Report

By Form:

Based on the form, the magnesium hydroxide market can be divided into the following segments: powder, viscous paste, and pumpable/dry gels.

By Grade:

Based on the grade, the magnesium hydroxide market can be divided into the following segments: food & pharma and industrial/technical. Both segments can be further subdivided into 5% to 99% and more than 99%.

By Sales Channel:

Based on the sales channel, the magnesium hydroxide market can be divided into the following segments: direct sales and indirect sales.

By Application:

Based on the application, the magnesium hydroxide market can be divided into the following segments: environmental protection, chemicals & petrochemicals, pharmaceuticals, plastic & polymers, agriculture, construction, cosmetics & personal care, and food additives.

The environmental protection segment can be further subdivided into Flue Gas Desulfurization (FGD), wastewater treatment, and soil remediation and the chemicals & petrochemicals segment can be further subdivided into flame retardants and chemical processing. Meanwhile, the pharmaceuticals segment can be subdivided into antacids, laxatives, and dental products and the agriculture segment can be subdivided into fertilizers and animal feed.

By Region:

The sector has been analyzed with the following regions covered: North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

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Global Ammonium Sulfate Market Growth Driven by Agricultural Demand, Biopharmaceutical Applications, and Industrial Uses

The global ammonium sulphate market is poised for significant growth, projected to expand at a 7.5% CAGR from 2022 to 2032, reaching a valuation of USD 6.18 billion by the end of the forecast period. This growth is primarily driven by the increasing demand for ammonium sulphate in the agricultural sector, where it is widely used as a nitrogen fertilizer to enhance crop yield. In addition, the compound is finding applications in the biopharmaceutical industry, as well as in the cake and confectionery sectors, further boosting its market demand. These diverse applications are playing a key role in the positive trajectory of the ammonium sulphate market.

The increasing use of ammonium sulphate in Europe for water retention purposes and for agriculture in Asia Pacific is further contributing to the market growth. Furthermore, the use of ammonium sulphate for wood preservation and soil retention is favoring the growth of the market. In the upcoming years, the dependency on ammonium sulphate is expected to increase by end user industries owing to its multi-purpose use.

Ammonium Sulphate Market Growth Drivers

Increasing Demand in Agriculture: Ammonium sulphate is widely used as a nitrogen fertilizer, promoting higher crop yields, which drives its demand in the agriculture sector.
Rising Agricultural Activities: With the growing need for food security and sustainable farming, the demand for ammonium sulphate as an effective fertilizer continues to rise.
Application in Biopharmaceuticals: The growing use of ammonium sulphate in the biopharmaceutical industry for processes like protein purification boosts its market presence.
Expanding Usage in Food Processing: The compound’s inclusion in cake and confectionery manufacturing as a leavening agent has expanded its application in the food processing industry.
Government Support for Agriculture: Increasing government initiatives to promote agricultural productivity and ensure food supply stability are contributing to the market’s growth.
Sustainability Trends in Agriculture: Ammonium sulphate’s role in improving soil health and crop quality aligns with the growing focus on sustainable farming practices, further fueling demand.
Advancements in Fertilizer Technology: Innovations in fertilizer formulations that include ammonium sulphate have enhanced its effectiveness, increasing adoption among farmers globally.

Market Competition

Key players in the ammonium sulphate market are Koninklijke DSM N.V. (Fibrant), JSC KuibyshevAzot, UBE Industries Ltd, Toray Industries Inc., China Petrochemical Development Corporation, China Petroleum & Chemical Corporation (Sinopec Corp.), JSC “Grodno Azot”, Grupa Azoty, Domo Chemicals, Gujarat State Fertilizers & Chemicals Ltd, Sumitomo Chemical, Evonik Industries AG

In August 2022, JSC “Grodno Azot” announced that it will be partially limiting the production of nitrogen fertilizer due to the increase in prices of natural gas.
DOMO Chemicals, a key player in the ammonium sulphate market is focusing on producing the same sustainable and reducing their overall carbon footprint.

Key Segments Profiled in the Ammonium Sulphate Market Industry

Ammonium Sulphate by Production Process:

Ammonium Sulphate for Caprolactam
Ammonium Sulphate for Coke Oven Gas
Ammonium Sulphate for Gypsum
Ammonium Sulphate for Neutralization & Others

Ammonium Sulphate by Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Dental Compressors Market Value Growth to Hit USD 529.12 Million by 2033 at a 3.4% of CAGR

The global dental compressors market is projected to experience steady growth, with its valuation rising from US$ 378.75 million in 2023 to US$ 529.12 million by 2033. According to the latest industry analysis, the market is set to expand at a compound annual growth rate (CAGR) of 3.4% over the forecast period. Increasing demand for dental services, rising awareness of oral health, and advances in dental compressor technology are among the key factors propelling market growth.

Dental compressors play a vital role in powering various dental instruments used during procedures such as cleaning, filling, and surgical operations. The growing number of dental clinics worldwide, coupled with the increase in patients seeking treatment for oral health issues, is driving the demand for modern, efficient dental compressors. Furthermore, the rise in dental tourism is boosting demand for high-performance dental compressors in key regions.

The aging population and the associated rise in gum, oral, and dental health issues are also contributing to market growth. Technological advancements have led to the development of energy-efficient, quieter, and more durable compressors, which are being rapidly adopted in dental practices. Additionally, increased awareness of the importance of oral health, coupled with government initiatives to promote dental care, is fostering greater demand for dental services and, consequently, for dental compressors.

As the global dental industry continues to grow, manufacturers are focusing on product innovation to meet the evolving needs of dental clinics and hospitals. Compact, oil-free, and energy-efficient compressors are becoming industry standards, ensuring improved operational efficiency and patient comfort. The market is expected to witness continued growth as dental care becomes more accessible and people prioritize oral health.

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Key Takeaways:

The global dental compressors market is expected to grow from US$ 378.75 million in 2023 to US$ 529.12 million by 2033, with a CAGR of 3.4%.
Rising demand for dental services, growing oral health awareness, and the expansion of dental clinics worldwide are key factors driving market growth.
The aging population and the increase in dental health issues, such as gum disease and oral infections, are leading to a surge in demand for dental procedures and equipment.
Technological advancements have led to the development of energy-efficient, quieter, and more durable dental compressors, driving their adoption in modern dental practices.
Government initiatives promoting oral health, coupled with the rise in dental tourism, are expected to provide lucrative growth opportunities for dental compressor manufacturers.

Key Market Drivers

Growing Demand for Dental Services: As the demand for dental services increases, so does the need for dental compressors, which are essential for various dental procedures.
Rising Aging Population: The increasing prevalence of oral and dental issues among the elderly population is expanding the market for dental compressors.
Technological Advancements: Innovations in dental compressor technology are leading to more efficient and effective devices, further driving market growth.
Increasing Awareness of Oral Health: Growing public awareness regarding the importance of maintaining good oral health is encouraging more individuals to seek dental care.
Rise in Dental Tourism: The trend of dental tourism, where patients travel to other countries for dental treatments, is contributing to market growth in several regions.
Government Initiatives: Various government programs aimed at promoting oral health are driving demand for dental compressors in public dental clinics.
Expansion of Dental Clinics: The rise in the number of dental clinics globally, due to an increasing number of patients seeking checkups and treatments, is boosting the demand for dental compressors.

Regional Insights

North America: Expected to dominate the market due to a high concentration of dental clinics and advanced healthcare infrastructure.
Asia-Pacific: Anticipated to witness significant growth, driven by increasing dental tourism and rising disposable incomes.

Competitive Landscape

Several key players in the market are innovating products and adopting marketing strategies to stay ahead in the competitive market. Here are a few examples:

Dürr Dental: This German company is a key player in the market and offers a range of innovative products. They recently launched a new generation of dental compressors that use frequency-controlled technology to reduce noise and energy consumption. Dürr Dental also employs a multi-channel marketing strategy, utilizing various online and offline channels to promote its products.
KaVo Dental: The company has innovative products such as oil-free compressors and integrated drying systems. KaVo Dental also adopts a multi-channel marketing strategy, using social media, trade shows, and targeted advertising to promote its products.
Air Techniques: This United States-based company is known for its innovative dental and air compressors for the dental industry. They recently launched a new compressor line that utilizes energy-efficient variable frequency drive technology. Air Techniques also employs a targeted marketing strategy, utilizing digital marketing and social media to reach dental professionals.
Gnatus: The Brazilian company offers a range of innovative dental compressors and other dental equipment. They recently launched new oil-free dental compressors that are more energy-efficient and eco-friendly. Gnatus also uses a multi-channel marketing strategy, utilizing trade shows, targeted advertising, and online channels to promote its products.

Recent Developments in the Global Dental Compressors Market are:

In 2021, Dürr Dental introduced a new compressed air system called the Tyscor VS 2, which offers high performance and reliability with low energy consumption. The system is designed to provide a consistent compressed air supply for dental applications.
In 2020, Air Techniques launched a new dental compressor called the AirStar Pro, which features a digital display, sound-insulated cabinet, and energy-efficient design. The company also offers a range of air compressors for different dental applications, including oil-free and lubricated options.
In 2021, Midmark Corporation introduced a new line of dental compressors called the M3-12 and M5-12, designed for small to medium-sized practices. The compressors are quiet and efficient and are available in oil-free and lubricated options.
In 2020, A-dec Inc. introduced a new dental compressor called the A-dec 300, which features a compact and efficient design. The compressor is available in oil-free and lubricated options and is designed to provide reliable and consistent performance.
In 2021, DentalEZ Group introduced a new line of compressors called the CORE series, which offers a range of options for different dental applications. The compressors feature a compact and efficient design and are available in oil-free and lubricated options.
In 2021, Metasys Medizintechnik GmbH introduced a new range of dental compressors called the XENON series, which features a compact and energy-efficient design. The compressors are available in oil-free and lubricated options and are designed to provide reliable and consistent performance.
In 2021, Gnatus introduced a new range of dental compressors called the Neo Compressors, which offer a range of options for different dental applications. The compressors feature a compact and efficient design and are available in oil-free and lubricated options.

Key Companies Profiled

Dürr Dental; KaVo Dental; Air Techniques; Gnatus; Atlas Copco AB; Foshan Gladent Medical Instrument Co. Ltd.; Midmark Corporation; Metasys Medizintechnik GmbH; MESTRA Talleres Mestraitua S.L.; Best Dent Equipment Co. Ltd.; Cattani; Dansereau Health Products Inc.; DURR India Pvt. Ltd.; JUN-AIR International A/S; The Yoshida Dental Mfg. Co. Ltd.; Woson Medical Equipment Co. Ltd.; Werther International Inc.; Diplomat Dental s.r.o.

Dental Compressors Market by Category

By Type:

Dental Lubricated Compressors
Dental Oil-free Compressors

By Technology:

Desiccant Based Compressors
Membrane Based Compressors

By Region:

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

Explore FMI’s Related Ongoing Coverage on Healthcare Market Insights Domain:

Cervical Spacer Systems Market
Home Sleep Apnea Testing Market
Pipette controller Market

Author By:

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531

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Global Passenger Boarding Bridge Market to Grow at 8% CAGR from 2023 to 2033, Surpassing USD 4.43 Billion

The market for passenger boarding bridges is estimated to develop at an 8% CAGR between 2023 and 2033. The airline industry’s fast automation and growing emphasis on safety measures are driving demand for passenger boarding bridges.

The market for passenger boarding bridges is expected to grow at a compound annual growth rate (CAGR) of 8% between 2023 and 2033. The demand for passenger boarding bridges is being driven by the aviation industry’s rapid automation and growing emphasis on safety measures.

The market’s total valuation was estimated at US$ 2.05 billion in 2023, and by 2033, it is projected to reach US$ 4.43 billion.

According to the FMI study, the market for contact and convective dryers is growing as a result of a growing emphasis on industrial drying as a necessity for maintaining product quality. Industrial drying is still one of the most demanding unit processes, and as end-user industries work to improve “operational efficiency,” this need is only going to get stronger.

The strong outlook of the global airport infrastructure construction, coupled with the escalating convenience expectations of passengers, is shaping the dynamics of the passenger boarding bridge market.

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Getting everyone on board in a safe and sound way has garnered increased traction from airport authorities, in line with the substantial rise in air traffic over the years. Safety and ease have taken center stage in every PBB development process, with companies vying to offer a win-win offering to passengers and operators, alike.

It will be unsurprising to witness a large number of advanced PBBs, as market players shift their focus on the development of AI-based automatic jet bridges that eliminates the need for skilled individuals, to close the gap between 10 cm.

Market players have been strategically devising approaches and investing in developing a differentiated passenger experience, to win the price war and appeal a wide pool of end-users. As automation of operational processes becomes increasingly commonplace in airports, it is highly likely for the market to witness substantial optimistic waves of change in the manufacturing of jet bridges.

As per the study, mobile telescopic bridges are witnessing increased traction from airlines, which led to sales of ~1,500 units in 2021, owing to their high flexibility and advanced features. An increasing number of companies have shifted their preference to mobile telescopic bridges over T-bridges, as the former can accommodate a wide range of aircraft while allowing easy installation as per various apron configurations.

The study opines that as airports are increasingly shifting their objective towards providing a luxury experience to passengers, the demand for glass-walled passenger boarding bridges has grown significantly. The aesthetic aspect of glass-walled passenger boarding bridges, which lies in the fact that these bridges make the experience of boarding the aircraft less confining has been pushing their adoption across an increased number of airports.

As per the study, glass-walled passenger boarding bridges accounted for ~65% of the market volume share in 2021.

Developing Regions – Hotbed of Opportunities for Stakeholders

In view of the growing lucrativeness of developing regions, such as the Asia Pacific, leading players in the passenger boarding bridge market have placed their focus on securing contracts for PBB supply in these countries. Asia’s proliferating commercial aviation sector has positioned the region as the largest and fastest-growing market for airport infrastructure investments in the world.

Several partakes have already shifted their goal coasts to the Asia Pacific and managed to obtain long-term supply contracts in the region. For instance, In September 2017, ADELTE landed in India with a contract for 12 airports, while seeking a long-term relationship to secure sales.

A large number of market players in the Asia Pacific are constantly investing in technology to cope up with the growing passenger expectations related to convenience and ease. For instance, in January 2018, China International Marine Containers developed the world’s first automatic intelligent boarding bridge, which is likely to go functional in the Netherlands’ Schiphol Airport by 2019-end.

Furthermore, the lucrativeness of the region will remain intact in line with the upcoming Olympics and international sports events to be held in the region, which is highly likely to push the tourists to flow into the region.

Key Companies Profiled:

John Bean Technologies (JBT) Corporation
ShinMaywa Industries Ltd.
ThyssenKrupp AG
Adelte Group S.L.
China International Marine Containers Co. Ltd.
UBS Airport Systems Co.
PT Bukaka Teknik Utama Tbk
Mitsubishi Heavy Industries Ltd.
Airport Equipment (Division of J&D McLennan)
Vataple Machinery Co. Ltd.
HÜBNER GmbH & Co. KG
FMT Sweden.
Ameribridge, Inc.

Key Segment:

Product:

Telescopic Bridges
T-Bridges

Structure:

Steel-walled
Glass-Walled

Type:

Fixed
Movable

Drive System:

Hydraulic System
Electro-Mechanical System

Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 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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Large Industrial Displays Market Anticipated to Grow at 6.4% CAGR and Reach USD 5.2 Billion by 2033

The significant expansion of industrial automation across a diverse range of sectors is serving as a pivotal catalyst, driving substantial growth in the Large Industrial Displays Market over the projected timeframe. These expansive displays play a crucial role in facilitating the visualization and monitoring of intricate data, nuanced process controls, and real-time production information. This underscores their indispensable nature in modern industrial operations.

Projections suggest that the global market for large industrial displays is positioned to achieve a valuation of approximately USD 2.8 billion by 2023, driven by increased adoption across various industries. Moving forward, the market is expected to reach USD 5.2 billion by 2033, demonstrating a Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033.

One of the primary drivers of this growth is the expanding use of industrial automation across diverse sectors. These larger displays play a crucial role in visually representing and monitoring complex data, process controls, and production insights. Additionally, the growing digitalization in sectors like pharmaceuticals, where accurate product counting is essential for standardized packaging, has led to the strategic implementation of these displays.

Continuous innovation and advancements in display technologies are further fueling the market’s momentum. The emergence of digital signage and lightweight Organic Light Emitting Diode (OLED) displays is fostering a thriving trend within the large industrial displays market. Moreover, the widespread adoption of the Internet of Things (IoT) is also contributing favorably to the market’s growth trajectory.

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The increase in manufacturing capacities across various industries in nations like the United States and Canada, combined with the rapid advancement of automation and technology, has led to a significant rise in the demand for large industrial display systems. This heightened demand is primarily driven by the increasing focus on automation and the Internet of Things (IoT), which is expected to significantly influence market dynamics and sales trends for large industrial displays in the East Asian region.

Key Takeaways from the Market Study

The market study reveals that the demand for large industrial displays experienced substantial growth, expanding at a Compound Annual Growth Rate (CAGR) of 5.6% from 2018 to 2022.
The LED segment, in terms of technology, accounted for a CAGR of 1%, highlighting its significance in the market.
Notably, the video walls segment is poised for significant expansion, with a projected CAGR of 6.2% throughout the forecast period, indicating a growing preference for this product type.
The North American region emerges as a promising hub for the large industrial displays market, with a projected CAGR of 6.2%, suggesting favorable opportunities for market growth in this region.
Projections indicate that the United Kingdom’s large industrial displays industry is anticipated to achieve a market value of USD 4.2 billion by the year 2033.
The Asia Pacific region presents an opportunistic landscape for the large industrial displays market, with an expected CAGR of 6.3% during the forecast period, underscoring the potential for growth and investment in this region.
South Korea’s large industrial displays sector is projected to attain a noteworthy market revenue of USD 5.8 billion by 2033, emphasizing its role as a significant player in the global market.

These insights from the market study provide valuable perspectives on the growth trends and potential opportunities within the large industrial displays market.

Competitive Landscape

The global market for large industrial displays demonstrates fragmentation, with the concurrent presence of numerous substantial and medium-sized participants. Prominent entities within this market are actively allocating resources towards strategic agreements, aiming to secure a more significant portion of the market share.

Prominent players in the large industrial displays market are:

LG Display Co., Ltd.
Advantech Co., Ltd.
Pepperl+Fuchs GmbH
WinMate, Inc.
Planar Systems, Inc.
Maple Systems, INC.
Sharp NEC Display Solutions, Ltd.
Innolux Corporation
Japan Display, Inc.
Siemens AG

Some key developments of the leading companies in this market are:

Several prominent companies in the market have achieved noteworthy advancements.

Japanese Display Inc. (JDI) is a distinguished display manufacturer with a focus on the research, development, and production of diverse display technologies, particularly for industrial implementations.
WinMate stands out for its provision of expansive industrial displays, offered in a diverse range of sizes and configurations tailored to meet diverse customer requisites. The available sizes span from 10 inches to well beyond 55 inches, thereby offering adaptable solutions for a spectrum of industrial applications.
Innolux has strategically directed its efforts towards the advancement of Mini LED technology, a pioneering innovation that yields substantial improvements in contrast, brightness, and color accuracy compared to conventional LCDs. Innolux’s dedicated pursuits have culminated in the creation of Mini LED backlighting solutions, most notably for large-scale displays employed in industrial contexts. This technological breakthrough not only elevates visual performance but also substantially enhances overall picture quality.

Know More about What the Large Industrial Displays Market Report Covers

Future Market Insights offers an unbiased analysis of the global large industrial displays market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the large industrial displays market, the market is segmented based on technology, size, and product type across five major regions.

Key Segments Covered:

By Product Type:

Open Frame Displays
Panel Mount Displays
Industrial Monitors
Video Walls

By Technology:

LCD
LED
OLED

By Size:

Open Frame Display, Panel Mount Displays and Industrial Monitors
- 20”-40”
- Above 40”
Video Walls
- Less than 6 screens
- Above 6 screens

End-use Industry:

Discrete Manufacturing
- Automotive and Transportation
- General Manufacturing
- Electronics & Electricals
Process Manufacturing
- Chemicals & Pharmaceutical
- Food & Beverage
Oil & Gas

By Region:

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

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Large Industrial Displays Market
https://finance.yahoo.com/news/large-industrial-displays-market-anticipated-084700136.html

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Continuous Glucose Monitoring Device Market to Reach USD 16.8 Billion by 2033 at a 11.9% of CAGR , Driven by Rising Demand for Sensor Technology

The global continuous glucose monitoring (CGM) device market is set for substantial growth, with its valuation projected to increase from US$ 4.9 billion in 2022 to US$ 16.8 billion by 2033, according to a newly released industry analysis report by Future Market Insights. This represents a compound annual growth rate (CAGR) of 11.9% over the forecast period. The growing prevalence of diabetes, rising demand for real-time glucose monitoring, and advancements in wearable sensor technology are key factors driving market expansion.

The sensor component is expected to be the most significant revenue-generating segment, accounting for a CAGR of 11.6% from 2023 to 2033. Continuous glucose monitoring sensors offer real-time, accurate data on glucose levels, enabling diabetic patients to manage their health more effectively. These devices reduce the need for frequent finger-prick tests, offering convenience and better disease management, which has led to their increased adoption among patients and healthcare providers.

The demand for non-invasive, user-friendly, and AI-integrated glucose monitoring systems is accelerating the development of next-generation CGM devices. Continuous improvements in sensor technology, including longer wear times, smaller sizes, and greater accuracy, are fostering the adoption of these devices. Moreover, increased integration of CGM devices with mobile health (mHealth) apps and wearable devices is enhancing patient engagement and enabling remote monitoring by healthcare providers.

The CGM device market is expected to witness sustained growth as diabetes management becomes more patient-centric and technology-driven. With innovations in wearable technology and the rising adoption of digital health solutions, CGM device manufacturers are well-positioned to capitalize on the growing demand for continuous, real-time monitoring tools.

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Key Takeaways:

The global continuous glucose monitoring (CGM) device market is forecasted to grow from US$ 4.9 billion in 2022 to US$ 16.8 billion by 2033, with a CAGR of 11.9% over the forecast period.
The sensor component is projected to be the highest revenue-generating segment, with a CAGR of 11.6% from 2023 to 2033.
Growth is driven by the rising prevalence of diabetes, increased demand for non-invasive monitoring, and advancements in sensor technology.
Technological innovations in wearable devices and AI-driven health tracking solutions are expected to fuel the demand for CGM devices.
The growing use of mHealth apps and remote patient monitoring solutions is expected to create lucrative opportunities for CGM device manufacturers, healthcare providers, and digital health startups.

Competitive Analysis

The Continuous Glucose Monitoring Device Market is highly competitive, with a handful of companies holding a significant share. The key players in the market include A. Menarini Diagnostics, Echo Therapeutics, Inc., Abbott Laboratories, Bayer AG, Dexcom, Inc., F. Hoffmann-La Roche Ltd., GE Healthcare, GlySens Incorporated, Insulet Corporation, Johnson & Johnson, LifeScan, Medtronic plc, Medtrum Technologies, Inc., Microchip Technology Inc., Micron Technology Inc., Nemaura Medical, Inc., Novo Nordisk, NXP Semiconductors, Qualcomm, Roche Diagnostics, Senseonics Holdings, Inc., STMicroelectronics, and Tandem Diabetes Care.

Some of the recent developments of key players in the Continuous Glucose Monitoring Device Market are as follows:

In June 2020, Menarini Diagnostics released GlucoMen Day CGM, a unique digital patch that monitors blood glucose and displays findings immediately on a smartphone. It may be worn for fourteen days continuously.
In February 2020, for seamless diabetes management, Abbott and Insulet collaborated to integrate next-generation glucose sensors and automated insulin delivery technology. The continuous glucose monitoring (CGM) technology of Abbott will be combined with Insulet’s OMillionipod Horizon Automated Insulin Delivery System to create an accurate, user-friendly, and integrated digital health platform. ?
In January 2020, Tandem Diabetes Care announced the launch of the t:slim X2 Insulin Pump with Control-IQ Technology. Dexcom G6 continuous glucose monitoring is built into the system.

Similarly, recent developments related to companies offering Continuous Glucose Monitoring Device Market have been tracked by the team at Future Market Insights, which are available in the full report.

Market Segments Covered in Continuous Glucose Monitoring Device Industry Analysis

By Component:

Transmitters
Sensors
Receivers

By End-Use:

Hospitals
Home Care
Other End-uses

By Region:

North America
- USA
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- Spain
- United kingdom
- Italy
- France
- Netherlands
- Belgium
- Austria
- Russia
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- South Korea
- Singapore
- Malaysia
- Indonesia
- Thailand
- Philippines
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
MEA
- South Africa
- Saudi Arabia
- Israel
- Rest of MEA

Explore FMI’s Related Ongoing Coverage on Healthcare Market Insights Domain:

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Author By:

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 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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Global Calibrator Market Surges to USD 1.4 Billion by 2033, Sustaining 4.3% CAGR Growth

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

The global calibrator market is on the cusp of unprecedented growth, with projections soaring to USD 0.92 million in 2022. The horizon for calibrators appears exceptionally promising, primarily driven by the relentless surge in demand across diverse industries. This surging interest in calibration technology is propelled by the burgeoning mining sector, which is forecasted to command a staggering USD 1.4 billion by 2033. This robust trajectory signifies a remarkable CAGR of 4.3% from 2023 to 2033. Moreover, our analysis indicates that the market is poised to secure an impressive USD 0.96 billion in 2023 alone.

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The driving factors behind this meteoric rise in the global calibrator market are multifaceted, reflecting a harmonious synergy of key catalysts.

Mining Renaissance: The mining sector stands as a towering pillar in the resurgence of the calibrator market. With an unprecedented demand for precise measurements and calibrations in mining operations, calibrators have become indispensable. Mining enterprises worldwide are increasingly recognizing the pivotal role played by calibration in optimizing operations, ensuring safety, and boosting overall efficiency. This newfound appreciation for precision has culminated in a remarkable boost to the calibrator market.
Technological Advancements: The calibrator market is experiencing a technological renaissance, driven by cutting-edge innovations. Advancements in calibration technology have ushered in an era of unprecedented accuracy and efficiency. The integration of advanced sensors, automation, and data analytics has empowered industries to achieve previously unattainable levels of precision. This infusion of technology not only enhances productivity but also propels the market forward by catering to the evolving needs of diverse sectors.
Regulatory Compliance: Stringent regulatory mandates in various industries are further fueling the demand for calibrators. Compliance with rigorous quality and safety standards is non-negotiable, especially in sectors such as healthcare, aerospace, and manufacturing. Calibrators are the linchpin in ensuring that these industries adhere to the highest quality and safety protocols, thereby positioning them as an indispensable tool in the arsenal of regulatory compliance.

However, amid this remarkable ascent, certain challenges cast a shadow on the horizon, necessitating prudent strategies and vigilance:

Cost Implications: As calibrators continue to evolve with advanced features and capabilities, their cost has also witnessed an upward trajectory. Industries, particularly smaller enterprises, may face budgetary constraints when investing in high-end calibrators. Striking a balance between cost-effective solutions and cutting-edge technology remains a delicate challenge.
Skilled Workforce: The effective utilization of calibrators requires a skilled and knowledgeable workforce. Ensuring that personnel possess the necessary expertise to operate and interpret calibration data is crucial. The scarcity of qualified professionals in this field may pose a bottleneck to the broader adoption of calibrators.

Key Takeaways on Factors Shaping the Calibrator Industry Demand:

Electronics and semiconductor industries are pivotal drivers of market growth due to expanding calibrator applications.
Heightened awareness of measurement accuracy is a key factor boosting demand for calibration equipment.
The adoption of advanced calibration tools is set to drive market growth substantially.
The rapid growth of the global automotive sector is anticipated to increase the demand for multifunction calibrators.
Ongoing technological advancements are poised to open up new growth opportunities for calibrator manufacturers.

Competitive Landscape

Leading entities within the global calibrators market are actively engaged in comprehensive research and development endeavors aimed at introducing state-of-the-art multifunction calibrator solutions tailored to a diverse array of industries. Concurrently, several companies are strategically expanding their geographical footprint and bolstering their distribution networks to fortify their market positions. Furthermore, select industry players are forging strategic alliances through joint ventures, partnerships, mergers, and acquisitions, aiming to expedite the production of digital calibrators to meet the heightened demand emanating from various industrial sectors.

Illustrative Example:

In December 2021, Leuze Electronic, a distinguished specialist in innovative and pragmatic optical sensor solutions for factory automation headquartered in South Germany, unveiled a series of groundbreaking sensors designed to obviate the need for manual configuration each time a product change occurs. These sensors are seamlessly integrated via IO-Link, offering continuous monitoring and reproducible remote calibration capabilities. These pioneering features not only render the sensor solutions Industry 4.0-ready but also enhance their ease of integration into cutting-edge packaging machinery.

Calibrators market Key Players:

Fluke Calibration
Keysight Technologies
Beamex Oy Ab
WIKA
AMETEK INC.
OMEGA Engineering Inc.
Megger
Yokogawa Test & Measurement Corporation

Calibrators Market by Category

By Current Type:

AC
Single Phase
Handheld
Stationary
Three Phase
Handheld
Stationary
DC

By Sales Channel:

Online Sales
Offline Sales

By End Use:

Industrial
Electrical & Electronics
Process Industry/Process Control
Power Industry
Auxiliary Manufacturing
Laboratory

By Region:

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

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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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Global Hernia Mesh Devices Market Set for Steady Growth USD 6.5 Billion by 2032, Driven by Rising Demand and Technological Advancements, According to FMI Analysis

The global hernia mesh devices market is poised for steady growth, with an estimated compound annual growth rate (CAGR) of 3.4% during the forecast period, according to a comprehensive analysis by Future Market Insights (FMI). Valued at approximately USD 4.6 billion in 2022, the market is projected to reach USD 6.5 billion by 2032, reflecting the strong demand for effective and innovative medical solutions.

The primary driver of this growth is the increasing prevalence of inguinal hernias, which account for 80% of all hernia cases globally. With inguinal hernias being ten times more common in men than women, this condition continues to represent a significant healthcare burden. The rising number of hernia cases is propelling the demand for advanced hernia mesh devices aimed at improving patient outcomes and enhancing the quality of life for individuals affected by these conditions.

“Hernia mesh devices play a critical role in addressing the growing cases of inguinal hernias, a condition that affects millions worldwide,” said FMI. “The market is seeing a surge in demand for advanced, patient-centric solutions that not only improve surgical outcomes but also reduce recurrence rates, contributing to better long-term results for patients.”

North America is set to experience significant growth throughout the forecast period, with a projected CAGR of 3.4%. The region benefits from favorable reimbursement policies that encourage patients to opt for laparoscopic surgery, coupled with comprehensive payment codes and industry-wide support, leading to higher adoption rates of hernia mesh devices. The continued innovation of products, such as TELA Bio, is further boosting the market’s revenue potential in North America.

As the hernia mesh devices market evolves, healthcare stakeholders, including providers and manufacturers, stand to benefit from ongoing advancements in technology. The growing focus on patient-centric solutions and innovative medical devices ensures that the market will continue to expand, offering improved options for both healthcare providers and patients alike.

The future of hernia mesh devices is bright, with continuous advancements designed to improve treatment outcomes and quality of life for millions of patients globally.

Key Takeaways: Hernia Mesh Devices Market from 2022 to 2032

The global hernia mesh devices market was valued at USD 4.6 billion in 2022 and is expected to reach USD 6.5 billion by 2032, reflecting a Compound Annual Growth Rate (CAGR) of 3.4%.
Inguinal hernias are projected to remain the most common type, accounting for roughly 80% of all hernia procedures.
The United States is anticipated to hold the largest market share, exceeding 34% by 2032. This makes it a prime target market for hernia mesh device manufacturers, particularly those specializing in synthetic mesh.
Synthetic mesh devices are expected to see strong growth within the US market.

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Hernia Mesh Devices Market: Competition Insights

Most of the key players in hernia mesh devices market have been focusing on obtaining approvals from regulatory authorities. The key companies operating in the Hernia Mesh Devices market include Medtronic plc, Ethicon, and W. L. Gore and Associates, Inc., Atrium Medical Technologies, B. Braun Melsungen AG, PRIMEQUAL SA, Becton, Dickinson, and Company, Deep Blue Medical Inc., Dipromed Srl, BioCer Entwicklungs-GmbH, Betatech Medical, Sinolinks Medical Innovation, Inc, Aspide Medical S.A.S., Meril Life Sciences Pvt. Ltd., Herniamesh Srl., Changzhou Medical Equipment General Factory Co., Ltd, Gem Srl, SAMYANG HOLDING CORPORATION, Katsan Katgut Sanayi Ve Ticaret Anonim Sirketi, Novus Scientific AB.

The key recent developments of Hernia Mesh Devices manufacturers are as follows:

Novus Scientific AB received FDA approval in March 2020 for TIGR Matrix Surgical Mesh, which is indicated for use in procedures involving soft tissue repairs, such as hernia repair or other soft tissue-related defects.
Becton, Dickinson, and Company received FDA clearance in July 2020 for 3DMax MID Anatomical Mesh, which is indicated for use in soft tissue reinforcement and inguinal hernia repair.
Deep Blue Medical Inc. received FDA approval to begin selling its new hernia mesh product in August 2020. Because of the product’s promising sales prospects, the company recently announced that investors have invested USD 3.4 million in the company.

Key Segments:

Key Segments Covered in Hernia Mesh Devices Market Survey

Hernia Mesh Devices Market by Mesh Type:

Biological Mesh
Synthetic Mesh

Hernia Mesh Devices Market by Hernia Type:

Inguinal Hernia
Incisional Hernia
Femoral Hernia
Others

Hernia Mesh Devices Market by Region:

North America Hernia Mesh Devices Market
Latin America Hernia Mesh Devices Market
Europe Hernia Mesh Devices Market
South Asia Hernia Mesh Devices Market
East Asia Hernia Mesh Devices Market
Oceania Hernia Mesh Devices Market
Middle East & Africa Hernia Mesh Devices Market

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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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Carbon Brush Market Growth Projected Value of USD 4,503.6 million by 2033, With a 3.8% CAGR

Sales in the global Carbon Brush Market are slated to top USD 2.7 Billion in 2023. Expanding at a healthy 3.8% CAGR, the market size is projected to total USD 3.6 Billion by 2033.

Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014 to 2021 and Market Forecast 2022 to 2029’, scrutinizes the Carbon Brush Market, and offers critical insights for the forecast period between 2023 and 2033.

Carbon brushes play a crucial role in various electrical applications, including motors, generators, and power tools.

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The market for the global carbon brush market was valued at over USD 2,500 Million in the year 2021, and is expected to expand at a CAGR of nearly 4% during the forecast period of 2022 to 2029.

The demand for carbon brushes, which are used to conduct electrical current between the stationary and rotating parts of a motor, has dramatically increased as a result of rising production in industries like industrial applications, automotive, electrical goods, home appliances, energy, and healthcare, among others. This outlines the carbon brush market’s predicted growth during the forecast period.

East Asia Projected to Offer Noteworthy Growth Opportunities to the Carbon Brush Market Players

The global carbon brush market is considerably consolidated, with the top 4 players accounting for around one-fourth share of the overall market.

Apart from these 4 players, there are few players in the market that have established themselves at domestic and as well as global levels. Subsequently, market players involved in the carbon brush market are poised to expand into lucrative regions, and are also expending their manufacturing facilities to cater to the ever-growing demand.

In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, because of the increasing production and consumption of carbon brushes in China. Beside East Asia, North America, including countries such as the U.S. and Canada, is also anticipated to be a lucrative region for the carbon brush market.

The increasing consumption of electrical appliances, industrialization, and surge in automobile sales are some of the cited factors driving the growth of the carbon brush market in East Asia.

Motor Segment, by Application Type, and Industrial Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast Period

Based on product type, the electro graphite segment is expected to remain a dominant segment in the forthcoming years, accounting for a protruding share in the global carbon brush market throughout the forecast period. In terms of the growth rate, the electro graphite segment is considered to project relatively higher growth in the coming years.

On the basis of application, the motor segment is estimated to account for nearly one-third of the market size, owing to their vast applications in various end-use verticals. Based on sales channel, the aftermarket segment is estimated to account for nearly two-third of the market size throughout the forecast period.

Carbon brushes have significant applications in various end-use industries such as automotive, electrical hand tools, industrial applications, household appliances, security and defence, petrochemicals, energy, and healthcare, among others.

The industrial applications segment is projected to be one of the prominent end-use industry segments in the carbon brush market, and is expected to account for more than one-third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find important application in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.

Carbon Brush Market by Category

By Product Type:

General Graphite
Metal Graphite
Carbon Graphite
Electro Graphite
Silver Graphite
Resin-Bonded Graphite

By Application:

Motor
Generator & Alternator
Current & Signal Transmission
Grounding Devices

By Sales Channel:

OEM
Aftermarket

By End Use:

Automotive
Electrical Hand Tools
Industrial Application
Household Appliances
Security and Defence
Petrochemical
Energy
Healthcare

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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