Solar Inverter Market Poised for Robust Growth with Impressive 6% CAGR from 2022 to 2032 | Get Customized Reports

The global Solar Inverter Market is expected to be worth US$ 11 billion in 2022. Market sales are expected to grow at a 6% CAGR over the forecast period. Market growth will be driven by the increasing use of solar panels and renewable energy. Solar inverters’ widespread use in residential, commercial, industrial, and utility applications will continue to drive market sales.

In recent years, manufacturers have expanded their product lines in response to new technological developments in inverter technology. Because they are the primary source of solar energy in photovoltaic systems, solar inverters have the potential to reduce global warming and greenhouse gas emissions.

“Increasing awareness of energy-efficient household equipment, as well as rigorous rules pertaining to carbon emissions and energy consumption, will increase sales of solar inverters,” an FMI analyst predicts.

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Key Takeaways:

  • Based on product type, demand in the central inverters segment will create an absolute dollar opportunity of more than US$ 6.4 Billion over the forecast period.
  • By end-use, the residential segment is forecast to create an absolute dollar opportunity of US$ 4.1 Billion over the assessment period.
  • Total sales in the U.S. market are expected to increase at a 5.2% CAGR through 2032.
  • Japan will emerge as a lucrative pocket, with demand growing at a 6% CAGR over the forecast period.
  • The India solar invertor market will expand at a 7% CAGR through 2032, surpassing a valuation of US$ 827.2 Million.

Micro inverters are gaining popularity due to heavy usage in most of the applications. Microinverters work in the same way as string inverters, except they are put beneath each solar panel on your roof.

Competitive Landscape

The solar invertor market is consolidated with leading players holding around 80%-85% of the total market share. These players are likely to invest in new technology development and expansion of their distribution networks to maintain their market presence.

Some of the key players in this industry include

  • Siemens AG
  • Fimer Group
  • SMA Solar Technology AG
  • Delta Electronics Inc
  • SunPower Corporation
  • Omron Corporation
  • Eaton
  • Emerson Electric Co.
  • ABB Ltd
  • Mitsubishi Electric Corporation
  • Schneider Electric SE

Each of these microinverters is roughly the size of a router. New electrical rules demand quick solar system shutdown to protect first responders and firemen from excessive voltage when on roofs or maintaining power lines. Microinverters meet these requirements for quick shutdown and have this capacity built into each module.

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Global Solar Inverter Market by Category

By Type:

  • Central Inverter
  • Micro-Inverter
  • String Inverter

By System Type:

  • Off Grid
  • On Grid

By Phase:

  • Single Phase
  • Three Phase

By End-Use:

  • Residential
  • Commercial and Industrial
  • Utilities

By Region:

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

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

  1. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

  1. Global Market Demand Analysis 2017–2020 and Forecast, 2021–2031

5.1. Historical Market Volume (Units) Analysis, 2017–2020

5.2. Current and Future Market Volume (Units) Projections, 2021–2031

5.3. Y-o-Y Growth Trend Analysis

About Us

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

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EMC Shielding and Test Equipment Market is Expected to Reach a Strong Valuation of US$ 11 Billion by the end of 2032 | Study by FMI

The EMC shielding and test equipment market will be worth US$ 11 billion in 2032, up from US$ 7.1 billion in 2022, according to Future Market Insights (FMI). Over the forecast period, it is expected to grow at a healthy 4.5% CAGR.

Because of the increased use of consumer communication devices, frequency wave interferences, also known as electromagnetic pollution, have increased all over the world. In highly sensitive workplaces, EMC shielding applications are used to eliminate such unwanted disruptions over devices connected to broadband networks.

One of the major reasons for the current increase in the use of various EMC shielding types is the high cost of electromagnetic interferences. In the current market, EMC testing equipment has emerged as an affordable option for determining the level of interference of electromagnetic waves present in any location in order to provide proper device management.

With the arrival of the fourth industrial revolution, nearly all industrial activities are being rapidly digitised through the use of computers and smart devices.

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EMC shielding materials have become increasingly important for the proper operation of such devices in recent years. In the coming decade, the global EMC shielding and test equipment market share is expected to be driven by the industrialization of developing economies.

Leading Companies Profiled in EMC Shielding and Test Equipment Market are:

  • PARKER-HANNIFIN
  • PPG INDUSTRIES
  • HENKEL
  • LAIRD PERFORMANCE MATERIALS
  • RTP COMPANY

“Growth of the consumer electronics sector in China and Japan have turned them into an attractive market for EMC shielding solutions. The global EMC shielding and test equipment market is expected to proliferate with the establishment of new product manufacturers and service providers in the Asia Pacific Region.”

However, the provision of EMC shielding types at various locations incurs a very high cost of installation and operation. This can be a major factor hampering the wider adoption of EMC shielding and test equipment in various areas with good opportunities.

Key Takeaways

  • The global EMC shielding market is poised to experience an absolute growth of US$ 3.9 Bn between the years 2022 to 2032. The present value of the global EMC shielding and test equipment market is estimated to be around US$ 7.1 Bn, with a predicted growth rate of 4.5%.
  • The EMC shielding type dominates over the EMC testing equipment segment in terms of revenue generated globally. This segment is anticipated to witness a CAGR of 4.4% during the forecast period.
  • Among the various end-use verticals of the EMC shielding and test equipment market, the consumer electronics segment is the top contributing category to the growth of the global market. The growth rate analyzed for this segment is around 3.9% for the forecasted years.
  • United States (US) is the leading country in the use of EMC shielding techniques, with a dominant market share valued at US$ 2.4 Bn in 2021. The CAGR recorded for the American EMC shielding and test equipment market is nearly 4%, as per the market analysis report.

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Key Segments

By Type:

  • EMC Shielding
  • EMC Type

By Vertical:

  • Consumer Electronics
  • Telecom & IT
  • Automotive, Healthcare
  • Aerospace, Others

By Application:

  • Consumer Appliances and Electronics
  • Automotive
  • Military and Aerospace
  • IT and Telecommunication
  • Medical
  • Railways
  • Renewable Energy
  • Industrial

By Region:

  • North America
  • Latin America
  • Europe
  • The Asia Pacific
  • Middle East & Africa

About Us

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

Contact:

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200 Continental Drive, 
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Automatic Weigh Price Labelling Machine Market: Overview, Data Updates, Reports Analysis & Forecast 2022 to 2032 | FMI

According to Future Market Insights, global sales of automatic weigh price labelling machines will exceed US$ 293.3 million in 2022. (FMI). From 2022 to 2032, market demand is expected to grow at a CAGR of more than 6.3%.

According to Future Market Insights, rising consumer brand consciousness is driving up demand for dairy products, meat food products, and other items. This is expected to boost market sales.

Food, pharmaceutical, and personal care product dependence has increased significantly in thriving metropolitan areas. Furthermore, the logistics and packaging market will gain traction as consumer preferences shift towards e-commerce platforms.

Further, growing awareness of counterfeit products companies is taking initiative towards new technology such as QR codes and bar codes for dealing with counterfeit products. As per the study, the “Above 150ppm” will witness highest growth due to usage in heavy industries.

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Above 150ppm automatic weigh price labeling are gaining immense traction amongst the heavy production industries due to surging production and growing customer reach. Hence, to capitalize on this trend, key players are integrating new technological advancements along with various attachments for easier and faster weighing and pricing of the product.

Key Takeaways from Automatic Weigh Price Labelling Machine Market Study

  • In terms of end-use, food & beverage segment is expected to account for significant share in the global automatic weigh price labelling machine market.
  • By throughput rate, 50 to 150ppm will account for around half of the market volume-wise.
  • The U.S. is expected to spearhead the growth in North America automatic weigh price labelling machine market
  • Sales of automatic weigh price labelling machines in Japan are expected to increase at a robust pace over the forecast period
  • India and China are expected to lead the growth in South and East Aisa market through 2022 & beyond

‘Integration of new technologies for handling the products and work-efficiency in the industries is increasing the adoption of automatic weigh price labeling machine.’ says a Future Market Insights analyst.

Who is winning?

The automatic weigh price labelling machine market is consolidated with having few global players, accounting for around 50% – 60%  of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.

Some of the key players in this industry include but are Thermofisher Scientific Inc, Mettler Toledo, Anritsu, Teraoka Seiko Co. Ltd, Bizerba, Soc. Coop.  Bilanciai Campogalliano, and others.

Find More Valuable Insights

The research report analyzes the demand for Automatic Weigh Price Labelling Machine. The global Automatic Weigh Price Labelling Machine market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on throughput rate, capacity, end-use, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand factors.

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Global Automatic Weigh Price Labelling Machine Market by Category

By Throughput Rate:

  • Up to 50ppm
  • 50 to 150ppm
  • Above 150ppm

By Capacity:

  • Up to 12kg
  • 12 to 60kg
  • Above 60kg

By End-Use:

  • Food and Beverage
    • Dairy Products
    • Flesh Foods
    • Agricultural Produce
    • Ready to Use
    • Bakery and Confectionary
    • Pharmaceutical Use
  • Personal Care Products
  • Logistics and Packaging
  • Others (Chemical, Laboratory, etc.)

By Region:

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

About Us

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

Contact:

Future Market Insights Inc.   
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200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
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Industrial Safety Footwear Market is Expected to Expand at a CAGR of 7.4% from 2023 to 2033 | FMI Study

Between 2023 and 2033, the industrial safety footwear market is expected to grow at a 7.4% CAGR. By 2033, the market is expected to be worth US$ 23.6 billion, up from US$ 11.6 billion in 2023.

  • Rising awareness around workers’ safety, advanced protective gear, and increased construction and industrial operation fuels the sales of industrial safety footwear.
  • The expanding agricultural and industrial operations in urban settings, along with the building infrastructure of emerging economies like China and India, are consuming a big chunk of the industrial safety footwear market.
  • The government’s compliance policies around applications of protective gear for workers are making organizations and industries liable for making their workforce work in a safer environment.
  • The expanding mining industry enables fatal injuries to the workers to require a long range of protective gear. From gloves, and masks to footwear, the demand for industrial safety footwear market’s future looks promising with the restoration of certain industries.

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Key Points

  1. The United States market leads the space in terms of market share and CAGR. The market is expected to cross a value of US$ 8.4 billion by 2033. The regional market is expected to thrive at a CAGR of 7.2% between 2023 and 2033.
  2. The China industrial safety footwear market is another significant market. It thrives at a steady CAGR of 6.8% during the forecast period. The market is likely to reach a value of US$ 1.7 billion by 2033. Developing economies like India and China are indulging in huge construction, making these spaces highly potential markets.
  3. Leather is likely to thrive in the material type category due to better fitting, durability, climate control, and skin-friendly properties. It is expected to thrive at a CAGR of 7.2% during the forecast period.
  4. The construction tops the application tally with a CAGR of 6.9% between 2023 and 2033. The growth is attributed to the big construction project and the importance of industrial safety footwear for construction workers.

Competitive Landscape

The key players focus on making durable, flexible, and safe footwear for the end users. The industry-specific approach, along with the adoption of advanced sole technology, is the key to becoming prominent in the competitor’s tally. Key competitors also merge, acquire, and partner with other companies to increase the supply chain and distribution channel. The key players in the market are JAL Group France SAS, Dunlop Boots, COFRA S.r.l., Honeywell International, Inc, and Hewats Edinburgh.

For instance:

  • Dunlop Boots has added new sole technology in safety footwear, such as purofort and Acifort. These are manufactured with PVC, nitrile rubber, and polymers. The company claims to deliver global safety standards to various end-user industries.
  • An Italian footwear brand, Cofra SFI has launched a long range of workwear footwear such as shellwear, ergowear, slim work, and casual safety. The company uses different grades of PVC and rubber to produce protective footwear.

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Key Segments

By Material:

  • Leather
  • Rubber
  • Plastic
  • Waterproof

By Application:

  • Construction
  • Manufacturing
  • Oil & Gas
  • Chemicals
  • Transport
  • Mining
  • Food
  • Pharmaceuticals

By Product:

  • Shoes
  • Boots

By Region:

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

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Table of Content

  1. Executive Summary | Industrial Safety Footwear Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Investment Feasibility Matrix

3.5. PESTLE and Porter’s Analysis

3.6. Regulatory Landscape

3.7. Regional Parent Market Outlook

  1. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2022

4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

  1. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) Analysis By Material, 2017 to 2022

5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Material, 2023 to 2033

5.4. Y-o-Y Growth Trend Analysis By Material, 2017 to 2022

5.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033

About Us

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

Contact:

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Automated Parcel Delivery Terminals Market is supposed to rise at a CAGR of 10.9% by the end of 2032, Says FMI

As per industry conjectures, the worldwide automated parcel delivery terminals market will arrive at US$ 720 million by 2022 and US$ 2 billion by 2032, developing at a 10.9% CAGR from 2022 to 2032.

With expanded interest for additional conveyances and expanded tension for quicker reaction times, more limited transportation times in the market’s automated parcel delivery terminals are turning out to be progressively significant. In view of the developing ubiquity of online drug delivery applications and impromptu delivery frameworks, the market for automated parcel delivery terminals has developed decisively.

The market’s reception of automated parcel delivery frameworks is probably going to surpass the development of online business endeavors and web infiltration. Overall digitalization, worldwide credit only installment advancement, and the development of coordinated operations endeavors have all added to the market’s new development.

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With the growing adoption of innovative distribution channels, market participants are experiencing new methods of parcel delivery. E-commerce firms, retailers, and manufacturers are collaborating to meet consumer demands in real time while reducing operational costs. Companies are integrating technological advances such as proactive maintenance, facial recognition, remote monitoring, and IoT-based services to provide personalised service to customers. All of these factors are driving market growth for automated parcel delivery terminals.

Key Takeaways:

  • The market value of automated parcel delivery terminals was US$ 639.9 Mn in 2021 and is projected to reach a value of US$ 720 Million in 2022 with a CAGR of 10.9% during the forecast period.
  • Indoor Terminal automated parcel delivery terminals segment to expand at a CAGR of 10.5% during the forecast period.
  • In the forecast period, the shipping and logistics firm is expected to grow at a compound annual rate of 11.3%.
  • In the U.S., the market is predicted to reach US$ 142.3 Million while growing at a CAGR of 19% during the forecast period.
  • Japan is expected to reach a CAGR of 17.5% during the forecast period between 2022 and 2032.

“Innovative APMs are being rapidly expanded as part of the long-term goal by vendors in order to establish a nationwide network of APMs and parcel pick-up sites at partner shops in the future, which will help to expand the market.”

Competitive Landscape

Key Players that have been profiled in the report are Keba AG, Cleveron Ltd., Neopost group, Smartbox Ecommerce Solutions Pvt.Ltd., Winsen Industry Co., Ltd., InPost, TZ Ltd., ByBox Holdings Ltd., ENGY Company and Bell and Howell, LLC. Innovative products and technologies will allow customers to benefit from new technologies.

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Key Segments Covered in the Automated Parcel Delivery Terminals Report

By Deployment Type:

  • Indoor Terminal
  • Outdoor Terminal

By Ownership:

  • Retailers
  • Shipping/Logistics Companies
  • Government Organization
  • Others

By Region:

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

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Table of Content

  1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Research Highlights

  1. Assumptions and Research Methodology
  2. Executive Summary : Global Automated Parcel Delivery Terminals Market
  3. Market Overview

4.1. Introduction

4.2. Key Trend Analysis

4.3. Market Dynamics

4.4. Regional Price Trend Analysis

4.5. Global Automated Parcel Delivery Terminals Market Size and Forecast, 2015 – 2032

4.6. Porter’s Five Force Analysis

  1. Global Automated Parcel Delivery Terminals Market Analysis and Forecast, By Deployment Type

5.1. Introduction & Definition

5.2. Automated Parcel Delivery Terminals Market Analysis and Forecast, By Deployment Type, 2015 – 2032 (US$ Mn and Million Units)

5.3. Deployment Type Comparison Matrix

5.4. Market Attractiveness By Deployment Type

About Us

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

Contact:

Future Market Insights Inc.   
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200 Continental Drive, 
Suite 401, Newark, 
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Industrial Air Filtration Market is Expected to Register a Strong 6.2% CAGR by 2032, Get Insights FMI

According to a new FMI study, the global industrial air filtration market share is expected to grow at a 6.2% CAGR by 2032, reaching US$ 45.2 billion in 2027 from US$ 6 billion in 2021. The growing demand for energy-efficient filtering technology influences the adoption of industrial air filtration technology.

To improve air quality, governments and regulatory bodies have imposed stringent industry requirements. The US Clean Air Act, for example, enacted legislation to reduce air pollution. Industrial air filtration companies have been forced to use air filtering devices in order to comply with strict air quality laws.

The HEPA filters market is expected to develop at a 6.9% CAGR through 2027. HEPA filter manufacturers made these filters extremely effective at trapping hazardous particles like dust mites and pollen.

It has a high dirt holding capacity and filtering effectiveness, which is important in the industry. Thus, it is widely employed in sectors such as pharmaceuticals, autos, semiconductors, food and drinks, driving the industrial air filtration market statistics.

HEPA filter manufacturers’ dust collectors are expected to reach USD 2.10 billion by 2027. Dust collectors assist in extending the life of the equipment and ensuring efficient operation by circulating clean air inside the workplace, lowering energy expenses.

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The metals industrial air filtration market is expected to grow 6.8% by 2027. Aluminium and steel mills emit large amounts of hazardous gases and smoke. The increased risk of pneumoconiosis among grinding employees drives demand for industrial air filtration systems across the metal manufacturing industry. The use of welding fumes is expected to grow by about 7%.

“Rising welding use in manufacturing, construction, automotive, and transportation industries is driving market expansion. Growing emphasis on design flexibility, weight reduction, and modification simplicity should boost welding demand. The industrial air filtration system is in high demand due to the region’s growing pharmaceutical, electricity, and food sectors. Environmental protection legislation and an increasing focus on energy-efficient filtration products are expected to boost the market.”

Key Takeaways:

  • Government attempts to combat industrial pollution are expected to boost demand for industrial air filtration equipment in the coming years. Stringent government regulations governing industrial waste management will add fuel to the fire.
  • Global industry expansion has deteriorated the ecosystem over the last several years due to the unrestricted flow of industrial gases into the natural air. Job growth, particularly in low-income nations such as India and China, is extremely harmful and may pose a threat to the environment, as these sectors in the region operate under lax pollution regulations.
  • Occupational safety standards and severe laws for the preservation of indoor and outdoor air quality are projected to support the rising demand for industrial air filters over the next several years.
  • Numerous sectors, including chemicals, pharmaceuticals, and many more, utilise industrial air filtering systems to provide safe working conditions for their employees.
  • Rapid adoption, combined with the development of new facilities, has raised the need for filtration solutions in sectors like warehouses and industrial units.

Competitive Landscape

The market’s major players include Alfa Laval (Sweden), Donaldson (US), Danaher (US), Parker Hannifin (US), Eaton (Ireland), and Ahlstrom-Munksjö (Sweden) (Finland).

  • Danaher manufacturers’ main objective is to increase investment and acquisitions. This includes biological sciences, diagnostics, dentistry and environmental & applied solutions. Life sciences offer industrial air filtration, and Pall divides its filtering business into two groups: life science and industrial. It provides both liquid and air filtration.
  • Donaldson is another significant player in selling filtration equipment. It has two business segments: engine and industrial. Manufacturing sophisticated industrial filtration technology for metal & mining, food processing and pharmaceutical, and cement industries.
  • Aldec G3 VecFLow decanter centrifuge, Alfa Laval, September 2019. This device reduces power consumption by 30% and improves separation performance by decreasing sludge dewatering and thickening costs.
  • In January 2020, Ahlstrom-Munksjö increased capacity at its Malmsey facility in Belgium. The company’s Fabiano Plentily and Turin factories in Italy now produce micro glass-based media. It increased industrial filtration production capacity in Bianzhou, China. It cost USD 31 million. Camfil introduced Absolute V, an energy-efficient HEPA air filter, in February 2020. It saves 20% energy.

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Key Market Segments

By Product:

  • Dust Collectors
  • Mist Collectors
  • HEPA Filters
  • CCF
  • Baghouse Filters

By Application:

  • Cement
  • Food
  • Cereal ingredients
    • Spices
    • Feed & Raw grain agricultural products
    • Eggshell & dust
    • Sugar dust
    • Flours
    • Corn starches
    • Others
  • Metals
    • Grinding
    • Sandblasting
    • Welding Fumes
    • Fine powders
    • Others
  • Power
  • Pharmaceuticals
  • Others

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. Fact.MR Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Risks and Trends Assessment 

3.1. Risk Assessment

3.2. Key Trends Impacting the Market

3.3. Formulation and Product Development Trends

  1. Market Background and Foundation Data Points 

4.1. Global Industrial Air Filtration  (US$ Mn)

4.2. Industrial Air Filtration  Market Opportunity Assessment (US$ Mn)

4.3. Market Scenario Forecast

4.4. Investment Feasibility Analysis

4.5. Forecast Factors – Relevance & Impact

4.6. Market Dynamics

  1. Key Success Factors 

5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

5.2. Banking on with Segments High Incremental Opportunity

5.3. Peer Benchmarking

About Us

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

Contact:

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200 Continental Drive, 
Suite 401, Newark, 
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T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Optical Imaging Market is expected to register a CAGR of 10.8% from 2022 to 2032 | FMI Study

The global optical imaging market stood at US$ 2.33 Billion in the year 2022 and is expected to reach US$ 6.5 Billion by the year 2032 at a CAGR of 10.8% between 2022 and 2032.

With rising preference for non-invasive technology along with increasing incidences of ocular disorders and chronic diseases, the optical imaging market is expected to go great guns in the forecast period. Besides, the end-users are harping on early detection of the diseases.

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Optical imaging systems are positively used in diagnosing a disease, preclinical integration, and scanning of multiple molecular and cellular in-vivo processes like protein degradation, protein integration, and protease activity. The pharmaceutical and biotechnology companies have given a thumbs up to optical imaging.

As per the CDC, the US is subject to ~7% of children less than 18 years of age who have deformed vision. It also states that close to 12 Million people aged 40 and above in the US suffer from impairment of vision; which are inclusive of 3 Million having vision impairment post-correction, 8 Million continuing with vision impairment owing to uncorrected refractive error, and 1 Million who suffer from blindness.

Optical coherence tomography dominates the optical imaging market. It, in fact, holds more than 60% of the overall market share due to optical imaging being increasingly adopted for intravascular imaging in the field of diagnostics.

Photoacoustic tomography is expected to witness growth at a rapid pace. This is evident from the fact that it is likely to witness a staggering CAGR of ~14% going forward. The type of tomography mentioned above comes across as one of the hybrid non-invasive modalities for functional as well as molecular imaging.

Future Market Insights has etched these findings with future perspectives in its latest market study entitled ‘Optical Imaging Market’. The team of analysts and consultants is there to apply its 360-degree view to primary, secondary, and tertiary research with macro- as well as micro-level placement of statistics.

“With the fact that optical imaging does employ non-ionizing radiation that notably minimizes exposure of patients to radiation, the global optical imaging market is bound to grow graciously in the forecast period”, says an analyst from Future Market Insights.

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Key Takeaways from Optical Imaging Market

  • North America holds the largest market share due to immediate incorporation of dermatology, dentistry, and oncology. Also, the geriatric population is increasing by leaps and bounds. As per the National Institute of Aging, the population aged 65 and above is expected to reach 1500 Million by the year 2050.
  • Europe stands second on this count. This could be credited to exponentiation of aging population.
  • The Asia-Pacific is expected to grow at a remarkable rate in the optical imaging market going forward. This could be reasoned with lower cost needed to conduct research.

Key Players:

Heidelberg Engineering GmBH, Carl Zeiss Meditec AG, Bioptigen Inc., Somanetics Corporation, Raytheon ELCAN Optical Technologies, ChemImage Corporation, Cytoviva Inc., Michelson Diagnostics, Headwall Photonics Inc., PerkinElmer Inc., ASE Optics Inc., St. Jude Medical Inc., Topcon Medical Systems Inc., Volcano Corporation, Optical Imaging Ltd

Competitive Landscape

  • Chemlmage Corporation, of late, did demonstrate visualization and detection of the tissues during endoscopy. The organization is continuously on the lookout of innovations in the direction of molecular chemical imaging.
  • Bruker has come up with light-sheet microscope for obtaining imaging of the optically cleared samples. This technology claims to let high-resolution and quicker imaging, that too, with abysmal damage.
  • Leica Microsystems, in November 2020, did launch Enfocus (intra-operative OCT solutions).
  • Topcon Corporation, in July 2021, completed acquisition of VISIA Imaging S.r.l.
  • Santec Corporation, in May 2019, announced collaborating with Alcon Inc.; which implied integration of former’s ARGOS diagnostic testing with the latter’s Cataract Refractive Suite technologies. Alcon also started distributing ARGOS biometer at the global level.
  • Abbott, in April 2018, did initiate clinical studies pertaining to comparative evaluation of the long-term effects on the patients undergoing stent implantation procedures guided through OCT v/s angiography. OCT imaging from Abbott is used in trials for patients subject to complex, high-risk coronary artery disease.

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What does the Report optimize?

  • The research study is based on technology (Terahertz tomography, OCT (Optical Coherence Tomography), Raman spectroscopy, photo-acoustic imaging, DOT (Diffuse Optical Tomography), super-resolution microscopy, and hyper-spectral imaging), and by application (dermatology, drug development, oncology, dentistry, neurology, and ophthalmology).
  • With rising initiatives by the governments for controlling visual impairment coupled with rise in geriatric population, the global optical imaging market is bound to witness consistency in the forecast period.

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

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Digital Therapeutics Market is expected to reach US$ 42.5 Billion by the end of 2032, with sales revenue expected to register a 24.4% CAGR

[300 Pages Report] As per Future Market Insights, the global digital therapeutics market is forecast to reach US$ 4.8 Bn in 2022, with sales growing at an impressive 24.4% CAGR over the forecast period. The market size will reach US$ 42.5 Bn by 2032.

To infiltrate and disrupt the healthcare sector, IT companies are producing and acquiring digital therapies. Players are investigating whether digital medicines might improve quality of life and outcomes while maintaining or lowering total healthcare costs in certain disease areas, as well as how patient data obtained through such products can be used to determine coverage. To attract investors, startups are coming up with innovative digital therapeutic ideas.

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Manufacturers are combining off-patent compounds with medical devices farther up the innovation spectrum, such as altering the mode of administration with better inhalers and auto-injectors. This necessitates a bigger investment in research and development, as well as greater usage of collaboration between molecule producers and device manufacturers.

Mass-market platforms present a significant possibility for interaction at scale. Manufacturers of consumer gadgets, namely smartphones and smartwatches, have included healthcare services and encouraged third-party developers to create apps for better patient outcomes.

Simultaneously, attempts have been made to improve the quality of available apps, with major app shops enforcing certain quality criteria. This is a beneficial development because it is critical to place a premium on the secure storage of research-grade data.

Owing to the above-mentioned factors, the digital therapeutics market will expand at a considerable pace over the assessment period.

“Increasing awareness regarding digital therapeutics across emerging economies, along with growing adoption of healthcare wearables will continue driving growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Combination therapy as a solution is expected to account for an approximate market share value of 4% of the global market in 2022.
  • By application, management is expected to hold a dominant market share value of 1% in the 2022 global market.
  • Central nervous system disorders by indication displayed a CAGR growth value expected to reach 2% by 2032.
  • Direct-to-patients/consumers is a dominant segment in terms of the business model within the global market, carrying an estimated market share value of about8% in 2022.
  • The U.S. is accounted for 3% of the North America digital therapeutics market in 2021.

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Key Players:

  • Teladoc Health, Inc.
  • Click Therapeutics, Inc.
  • Welldoc
  • HYGIEIA
  • DarioHealth Corp
  • BigHealth
  • Orexo AB
  • Akili Interactive Labs, Inc.
  • Freespira
  • Voluntis
  • Kaia Health
  • Kaiku Health
  • Theranica Bio-Electronics Ltd.
  • Propeller Health
  • Orexo US, Inc.
  • TALi Digital Limited
  • Limbix Health, Inc.

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Animal Artificial Insemination Market Growth: The animal artificial insemination market is predicted to grow at 5.5% CAGR through 2032.

Market Competition

Digital therapies are a lucrative investment field due to a developing market environment, venture capital funding, and digital acceleration in response to the COVID-19 pandemic. The market is a fragmented space with heavy competition. Digital therapeutics have the capability to become an effective and economical solution for diseases and conditions that affect a large number of people. DTx software products have attracted a huge number of investors because to their lower development costs, simplicity of distribution, and ability to scale up their application.

For instance:

  • In January 2021, FDA approved Theranica’s Nerivio® for an expanded indication for acute treatment of episodic or chronic migraine in adolescents.
  • Limbix Therapeutics Inc. in October 2021 launched “SparkRx”, the first evidence-based digital therapeutic for adolescents with symptoms of depression.

Want more insights?

Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2032. The digital therapeutics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on digital therapeutics market segment based on solution – (monotherapy and combination therapy), application (prevention, management, and treatment), indication (diabetes, obesity, gastrointestinal disorders, cardiovascular disease, central nervous systems, and others), business model (direct to consumer and fee-for-service), across seven key regions over the globe.

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Key Market Segments Covered in Digital Therapeutics Industry Research

By Solution:

  • Monotherapy
  • Combination Therapy

By Application:

  • Prevention
  • Management
  • Treatment

By Indication:

  • Diabetes
  • Obesity
  • Gastrointestinal Disorders
  • Cardiovascular Disease
  • Central Nervous Systems
  • Others

By Business Model:

  • Direct to consumer
  • Fee-for-service

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About FMI:

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Orthobiologics Market holds a share of US$ 6.0 billion in 2023 | FMI

During the forecast period, it is anticipated that the orthobiologics market will grow at a CAGR of 3.0%. The market is expected to reach a value of US$ 8.1 billion by 2033, up from its current share of US$ 6.0 billion in 2023.

The research report titled “Orthobiologics Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers annual sales revenue generated by various market segments during the period of assessment 2017-2027. Furthermore, developments taking place in the market, various trends impacting the performance of the market and other drivers fuelling revenue growth of the global orthobiologics market are enumerated in this elaborate research study. Certain challenges that are pulling market growth southward are also assessed in this report. The report presents a high-level overview of the global orthobiologics market to the reader and extends support in planning future moves by portraying an accurate forecast model of the global orthobiologics market.

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Global Orthobiologics Market: Key Forecast Highlights

The global orthobiologics market research report features the current market scenario as well as the future growth prospects. According to this study, the global orthobiologics market is projected to grow at a CAGR of 3.5% throughout the period of assessment 2017-2027. In 2017, the global orthobiologics market was valued at US$ 4.8 Bn and it is estimated to reach a valuation of more than US$ 6500 Mn by the end of the assessment year (2027).

Global Orthobiologics Market: Highlights on Different Segments

The global market for orthobiologics is segmented by product type, by end user and by region.

  • By region, North America is expected to be a highly lucrative market for orthobiologics. Several advancements in healthcare along with rising expenditure on research and development in this region are key parameters pushing the growth of the market upward. The orthobiologics market in North America is expected to reach a value over US$ 3 Bn by the end of the forecast period. The orthobiologics market in Asia Pacific excluding Japan (APEJ) is projected to rise at a higher CAGR of 4.4% during the period of forecast.
  • By end user, the hospitals and ambulatory surgical centres segments are expected to grow at the same pace during the forecast period. However, with respect to revenue, hospitals are a more lucrative option for orthobiologics manufacturers as they have reflected higher demand over the last few years. Orthopaedic clinics are also expected to witness significant growth and register a CAGR of 3.6% during the period of assessment.
  • By product type, the bone graft stimulators segment is the largest and is estimated to reach a market valuation of more than US$ 3 Bn by the end of 2027. Viscosupplements segment is the second largest and a highly lucrative segment expected to witness a higher pace of growth during the forecast period.

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Global Orthobiologics Market: Growth Influencing Factors

Factors such as rising incidence of orthopaedic disorders leading to fractures, increasing incidence of sports injuries, rising adoption of orthobiologics material, rising demand for out-patient surgical procedures, increasing demand for orthopaedic surgeries owing to medical tourism and rising technological developments to enhance surgery time and efficiency are supporting the growth of the global orthobiologics market. But the market is not void of challenges. High cost of orthopaedic surgery, increasing competition causing price fluctuations, lack of awareness, uncertainty about efficacy, availability of alternative therapies and issues related to devices are posing restraints to the growth of the global orthobiologics market.

Global Orthobiologics Market: Competitive Assessment

The research report on the global orthobiologics market delivers a complete package of market intelligence by covering the analysis on participants in the market. Major companies profiled in this research report include Medtronic plc., NuVasive, Inc., Stryker Corporation, Zimmer Biomet Holdings, Orthofix International N.V., Anika Therapeutics, Inc., DePuy Synthes (Johnson & Johnson), Bioventus, Arthrex, Inc., SeaSpine Holdings Corporation, Sanofi-Aventis (Sanofi SA), Djo Global, Inc., Seikagaku Corporation, RTI Surgical, Inc., Heraeus Holding GmbH, Fidia Pharma USA Inc., TRB Chemedica International SA, Allosource, Musculoskeletal Transplant Foundation, Inc., and Ito Co., Ltd.

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Market segmentation

The global orthobiologics market is segmented in detail so as to cover every aspect of the market and present a complete market intelligence in front of the reader.

By Product Type

  • Bone Growth Stimulators (BGS)
    • Non-Invasive Electrical BGS
    • Invasive Electrical BGS
    • Ultrasound BGS
  • Viscosupplements
    • Single Injection Viscosupplements
    • Three Injection Viscosupplements
    • Five Injection Viscosupplements
  • Bone Graft Substitute
    • Allografts
    • Synthetics
    • Xenografts
    • Bone Morphogenetic Protein

By End User

  • Hospitals
  • Ambulatory Surgical Centres
  • Orthopaedics Clinics

About FMI:

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

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Thyroid Function Test Market is likely to secure a CAGR of 3.5% through 2032

Awareness on hyperthyroidism and hypothyroidism continues to remain low in India, resulting into fewer people undergoing thyroid function tests. The India thyroid function test market size will witness moderate growth in 2016, raking in 41.6 Mn in revenues, up from US$ 40.1 Mn in 2015. While high prevalence of thyroid dysfunction and government initiatives to raise awareness will continue to support growth in 2016, stagnant R&D investment in immunochemistry will impede overall momentum.

TSH will continue to be the leading test type segment in 2016, raking in US$ 25.1 Mn in revenues, an increase of US$ 1 Mn from 2015. TSH is widely recommended as a primary test for diagnosing hypothyroidism by medical experts, contributing to higher revenues vis-à-vis T3, T4, FT3, and FT4 tests.

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T4 will extend its lead over T3 test type segment, witnessing a higher y-o-y revenue growth in 2016 over 2015. T4 revenues totalled US$ 4.5 Mn in 2015, and this segment is expected to add US$ 1.7 Mn in revenues in 2016.

Parameter 2015 2016
India Market 40.1 41.6
TSH Test type Segment 24.1 25.1
T3 Test type Segment 4.5 4.6
Hospitals End-use Segment 21.3 22.2

(All values are in US$ Mn)

Hospitals will continue to be the leading end-use segment for thyroid function tests, representing revenues worth US$ 22.2 Mn in 2016, up from US$ 21.3 Mn in 2015. Hospitals will be the fastest growing end-use segment, followed by research organisations and diagnostic laboratories. Clinics will remain the smallest end-use segment in 2016, witnessing lowest growth rate vis-à-vis other segments.

Long-term Outlook:

 FMI forecasts moderate long-term growth for the India thyroid function test market, with global revenues expected to surpass US$ 55.3 Mn by 2025. During the period 2015-2025, the India thyroid function test market is anticipated to increase at 3.2% CAGR.

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Competitive Landscape

Some of the key players covered in the India thyroid function test market report include

  • Sigma-Aldrich Co. LLC. (Merck & Co., Inc.)
  • Beckman Coulter, Inc.
  • (Danaher)
  • Siemens Healthcare GmbH
  • Abbott Laboratories

The report offers insights on the various strategies related to software development, market consolidation initiatives and analyses the various market players’ specific strengths, weaknesses, opportunities and threats.

Drivers and Trends

The cardinal factor fuelling growth of the India thyroid function test market is high prevalence of thyroid disorders in the country. During an epidemiology study across major cities in India, Kolkata was reported to have highest prevalence of hypothyroidism (21.67%) compared to other cities. Over the past few years there have been significant advancements in the specificity and sensitivity of thyroid testing, which has impacted the treatment for thyroid disorders.

The Indian healthcare industry has witnessed significant advancements with regard to medical devices and pathological laboratory business segments. Domestic and international companies are entering into joint ventures and strategic agreements owing to increasing standardization, availability of human resources and high level of progress in medical technology.

India is witnessing various trends that are expected to bring substantial changes in the landscape of the healthcare industry in the subsequent years. Traditional health risks have been replaced by lifestyle diseases in the last two decades. Various conditions prevailing currently include hypothyroidism, cardiovascular disorders, diabetes, obesity and hypertension to name a few

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Key Segments Covered

By Test type

  • TSH
  • T3
  • T4
  • FT3
  • FT4
  • Others

By End Use

  • Clinics
  • Research Organizations
  • Diagnostic Laboratories
  • Hospitals

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Empty Capsules Market : The global sales of empty capsules are anticipated to reach US$ 2.3 Billion in 2023. The market is further expected to increase at 7.9% CAGR during the forecast period, totaling a valuation of US$ 4.9 Billion by 2033.

Dermal Fillers Market : Dermal Fillers Market is projected to exhibit 7.5% CAGR between 2023 and 2033. They are used to rejuvenate different facial areas associated with various functionalities. The rising demand for facelift or face line corrections in various emerging countries is enabling the market growth.

Connected Drug Delivery Devices Market: The global Connected Drug Delivery Devices Market size was estimated at US$ 330 Mn in 2021, and is expected to reach US$ 1.6 Bn by 2028, expanding at a stellar CAGR of 23.6%.

About FMI:

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

Contact Us:

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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