Market Research Blog – Page 5915 – New Product Development

Chromatography Resin Market to over US$ 2.8 billion by 2033, at a CAGR of 7.5% from 2023 to 2033 | FMI

ESOMAR-certified consulting firm Future Market Insights’ report projects the global chromatography resin market to rise at an impressive pace between 2021 and 2031. Growing adoption of affinity chromatography resin technology is expected to increase the demand of chromatography resins across the globe. Alongside this, increase in demand for monoclonal antibody production will improve the sales over the coming years.

Demand for chromatography resins is rising extensively within the biopharmaceutical companies and research institutes. Burgeoning adoption of synthetic chromatography resin for the separation of biosimilars and development of monoclonal antibodies will spur the growth.

As per the FMI’s analysis, affinity chromatography resin sales are set to grow at over 11.3% CAGR, to surpass a valuation of approx. US$ 879.6 Mn by 2031-end. However, stringent regulatory policies, availability of cost-effective alternatives, and high cost of the chromatography technologies are some of the factors limiting the market growth.

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Increasing funding by governments and initiatives undertaken to curb the mortality rate due to non-communicable diseases will spur the adoption of chromatography resins across the globe. Also, increasing expenditure on the research & development of drug delivery among the industry giants will also boost the market demand.

According to the FMI’s analysis, the global chromatography resins market is anticipated to reach a valuation of nearly US$ 2215 Mn, registering a steady growth at 6.90% CAGR between 2021 and 2031.

“Increasing research & development activities aimed at the development of economic monoclonal antibody drugs within the biopharmaceutical companies are expected to provide lucrative opportunities for the market players,” says the FMI analyst.

Competitive Landscape

Agilent Technologies, Bio-Rad Laboratories Inc., GE Healthcare, Waters Corporation, Expedeon Ltd., Thermo Fisher Scientific Inc., Pall Corporation, Merck KGaA, PerkinElmer Inc., Kaneka Corporation, Shimadzu Corporation, Knauer GmbH, Tosoch Bioscience, Avantor Performance Materials Inc., Mitsubishi Chemical Corporation, W.R. Grace & Co., JSR Micro Inc., and Life Technology Corporation among others are some key players operating in the chromatography resin market.

As per the FMI’s analysis, the market is dominated by top 5 players in the global chromatography resin market, accounting for over 70% of market share. Top 5 players include Bio-Rad Laboratories, Inc., GE Healthcare, Tosoh Corporation, Merck KGaA, and Thermo Fisher Scientific Inc.

Market players operating in chromatography resins market are also forming tie-ups and targeted mergers & collaboration with other top healthcare companies for the expansion of their product portfolios.

For instance, in February 2021, Repligen Corporation, a global life sciences company focused on bioprocessing technology leadership, and Navigo Proteins GmbH, a prominent protein engineering company specializing in novel affinity ligand development, announced the commercial launch of NGL COVID-19 Spike Protein Affinity Resin, a novel affinity resin used in the purification of COVID-19 vaccines.

On February 4^th, 2021 Avitide, another leading player, finalized the development of an affinity bioprocess resin, AVIPure-COV2S, for the purification of recombinant COVID-19 vaccines.

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More Insights on the Global Chromatography Resin Market

In its latest report, FMI provides an incisive coverage on the global chromatography resin market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (native and synthetic), technology type (affinity chromatography, anion exchange chromatography, cation exchange chromatography, size exclusion, and hydrophobic interaction), end user type (biopharmaceutical companies, clinical research organizations, and academic institutes), and across major regions (North America, Latin America, Eastern Europe, Asia Pacific excluding Japan, Western Europe, Japan and Middle East & Africa)

Chromatography Resin Market by Category

By Product Type:

Native
Synthetic

By Technology Type:

Affinity Chromatography
Anion Exchange Chromatography
Cation Exchange Chromatography
Size Exclusion
Hydrophobic Interaction

By End User Type:

Biopharmaceutical Companies
Clinical Research Organizations
Academic Institutes

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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Wound Debridement Products Market is expected to grow at a CAGR of 5.6% between 2022 and 2032

[Report of 250 Pages] In 2022, the market for products for wound debridement is anticipated to be worth US$ 497.3 billion. The overall demand for wound debridement products is anticipated to increase at a CAGR of 5.6% between 2022 and 2032, reaching approximately US$ 857.55 Billion by 2032 due to the rise in the incidence of hard and heal wounds, as well as the rising number of collaborations, partnerships, and new product launches.

Demand for wound debridement products is surging steadily owing to its steady demand, especially from hospitals and specialty clinics. The new edition of the report from Future Market Insights (2021-2031) offers a post COVID-19 analysis on wound debridement sales across the globe. The report also expands on the previous competitive section, with divestures, mergers & acquisitions, and new forays analyzed.

According to latest analysis, wound debridement product sales have witnessed a minor decline in US, the largest market globally. However, demand still continues to be strong and manufacturers can expect a steady stream of opportunities during the forecast period. US currently accounts for nearly one-fourth of all wound debridement sales globally.

The study also finds that manufacturers are focusing on launching innovative products to consolidate their market share.

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Key Takeaways from Study

Hospitals will remain the largest demand generators for wound debridement products
Strong demand in US to continue in 2021 and beyond, making North America the largest market globally
New product innovation to be a key focus area for manufacturers
Demand for wound debridement products rising in Asia Pacific as various economies make an early recovery from COVID-19 pandemic

Wound Debridement Products Market – Report Scope

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2024
Market Analysis	USD Million for Value
Key Regions Covered	North America, Latin America, Europe, Asia Pacific, MEA
Key Segments Covered	End users, Regions, Applications, Product types
Key Companies Profiled	Smith & Nephew PLC Derma Sciences, Inc. Lohmann & Rauscher International Zimmer Biomet DeRoyal Industries Inc. Arobella Medical LLC, Misonix Söring GmbH BSN Medical Molnlycke Healthcare AB.
Report Coverage	Market Forecasts, Brand Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

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Applications in Treating Chronic Ulcers and Surgical Wounds Driving Demand

Demand for wound debridement products continues to remain high for treating chronic ulcers and surgical wounds. According to the study, these two application areas continue to create opportunities for market players. Of particular significant is application in chronic leg ulcers. Chronic ulceration of lower legs continues to be a challenge area, with 3.6% of people older than 65 years suffering from this (Grant Medical College).

FMI’s study reveals that use of wound debridement products in treating these types of ulcers will continue to account for steady demand over the course of the forecast period.

Demand Likely to Increase in Asia Pacific

FMI’s analysis reveals US to be the most lucrative market for wound debridement products, but owing to relatively less impact on many Asian economies, demand is likely to surge.

China, India, and South East Asian countries have been lesser impacted by the covid-19 crisis, as compared to US and Western Europe. Further, healthcare sector in these countries is going through an infrastructure revamp, which is also likely to create opportunities for manufacturers.

Wound Debridement Products Market – Competitive Analysis

Manufacturers are focusing on the developing innovative wound debridement products to consolidate their positon in the market. These products are able to cure the wounds, prevent bacterial infections and accelerate the healing time. According to FMI, the key strategy being followed by the leading companies in the industry is the product portfolio expansion.

For instance, Axio Biosolutions, a leading Indian company working in the industry, is consistently working on the creation of an emergency wound hemostat. The company also launched an effective dressing namely “Axiostat” which gained a whole lot of importance and wide acceptance across the defense forces and civil hospitals. The dressing has helped majorly in preventing bleeding in the wounds.

A US based company namely, Organogenesis, manufactured “Purple”, a product that prevents the microbial growth in the wounds and also enables quick recovery. Various other players in the market have been continuously working to develop and manufacture products that get a high rate of profit.

Segmentation by Category

End Users

Hospitals
Ambulatory Surgical Centres
Specialised Clinics
Nursing Facilities
Others

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Applications

Chronic Ulcers
Surgical Wounds
Traumatic Wounds
Burn Cases

Product Types

Hydrosurgical Debridement Devices
Low Frequency Ultrasound Devices
Surgical Wound Debridement Devices
Mechanical Debridement Pads
Traditional Wound Debridement Devices
Larval Therapy

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Pharmacovigilance Market is anticipated to increase, from US$ 6.28 billion in 2022 to US$ 24.32 billion in 2032

[315 Pages Report] ESOMAR-certified company Future Market Insights (FMI) has published a report on the global pharmacovigilance market for the forecast period 2021-2031. According to the report, the market is poised to reach new heights, as pharmaceutical companies scramble to introduce new drug candidates for multiple ailments, which will result in an increase in clinical trials.

As per FMI’s analysis, the market is expected to register double-digit growth, experiencing an impressive CAGR throughout the forecast period. Historically, the market posted credible gains, surpassing US$ 6 billion in 2020, expanding at a CAGR of over 14%. Growth prospects were further heightened during the COVID-19 pandemic, as the scramble for new treatment approaches is prompting pharmaceutical companies to initiate clinical trials for the same.

Prominent pharmaceutical companies are forging long-term partnerships and service agreements with contract research organizations and business processing outsourcing units to enhance existing pharmacovigilance operations by virtue of cost reduction from drug delivery to post-marketing approvals. In April 2021, Thermo Fisher Scientific Inc. announced its plans to acquire Pharmaceutical Product Development (PPD) Inc. for a purchase price of US$ 17.4 billion, which will help enhance the latter’s pharmacovigilance portfolio expansion.

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Key Takeaways from FMI’s Pharmacovigilance Market Study

By phase of drug development, stage IV clinical trials pharmacovigilance solutions account for over 3 out of 4 applications
Based on method type, targeted spontaneous reporting to make maximum use of pharmacovigilance solutions
By service provider type, contract outsourcing to generate almost two out of five pharmacovigilance solutions uptake
US experiencing robust pharmacovigilance solutions providers presence amid prevalence of good PV practices
Forthcoming clinical trials for numerous drug candidates through 2021 to widen UK’s growth prospects
India to emerge as an emerging pharmacovigilance hub amid growing trends of medical operations outsourcing
China to experience growth on the back of recent amendments to render pharmacovigilance implementation stronger

“Rising prevalence of chronic and infectious ailments is prompting multiple pharmaceutical giants to initiate widespread clinical trials for potential drug molecules, generating a highly competitive environment and generating major revenue pools,” says the FMI analyst.

Competitive Landscape

Prominent pharmacovigilance solutions providers are relying on collaborating with prominent biopharmaceutical and pharmaceutical companies to offer their digital solutions to facilitate effective patient care solutions. Also, offering advanced solutions is another prominent strategy. Some prominent faces include F. Hoffmann- La Roche, GlaxoSmithKline Plc., Covance Inc., ICON Plc. and iGATE Corporation among others.

Covance Inc. is a prominent pharmacovigilance solutions providing, offering end-to-end PV services spanning clinical and post-marketing phases from medical contract centers to ICSRs to medical reviews to electronic regulatory submissions. The system helps track weekly, daily and monthly metrics for quality, productivity and efficiency.

In April 2020, ICON Plc. initiated efforts to enhance pharmacovigilance practices, considering the onset of COVID-19. A webinar conducted on this issue by the company called for key pharmaceutical companies to automate their workflows by installing proactive and dedicated intelligence processes, forging detailed business and continuity plans and a virtually globally distributed footprint.

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More Insights on the Global Pharmacovigilance MarketIn its latest report, FMI offers an unbiased analysis of the global pharmacovigilance market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of phase of drug development (preclinical studies, phase I, phase II, phase III and phase IV), type of methods (spontaneous reporting, intensified ADR reporting, targeted spontaneous reporting, cohort event monitoring and EHR mining), service type provider (in-house pharmacovigilance and contract outsourcing) and region (North America, Latin America, Europe, Asia-Pacific and Middle East & Africa).

Pharmacovigilance Market – Key Segments CoveredPhase of Drug Development

Preclinical Studies
Phase I
Phase II
Phase III
Phase IV

Type of Methods

Spontaneous Reporting
Intensified ADR Reporting
Targeted Spontaneous Reporting
Cohort Event Monitoring
EHR Mining

Service Type Provider

In-house Pharmacovigilance
Contract Outsourcing

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Geography

North America (US and Canada)
Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe)
Asia-Pacific (China, India, ASEAN, Japan and Rest of APAC)
Latin America (Brazil, Mexico and Rest of LATAM)
Middle East & Africa (GCC, South Africa and Rest of MEA)

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USA Compounding Pharmacies Market is expected to grow at over 5.1% CAGR between 2022 and 2028 | Get Insights FMI

According to a recent research by Future Market Insights (FMI), the global compounding pharmacies market is estimated to have accounted around US$ 8 Bn in terms of value during 2022. The report on the U.S. compounding pharmacies market also projects that the market will grow at a CAGR of approximately 5% during the period 2022-2028.

The U.S. compounding pharmacies market revenue is expected to increase at a robust growth rate over the next few years despite the reporting of several adverse events and drug mismanagement-related deaths. The U.S. compounding pharmacies market is expected to gain popularity in several regions of the U.S. due to upcoming products and therapeutic areas that are yet to be tapped by branded manufacturers.

Focus on factors, such as the availability of drugs in innovative medium/forms and the administration of varying dosages for various indications, is expected to drive the adoption of newer dosage forms of compounded medications.

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Market Remains Influenced by Availability of Compounded Pain Management Drugs

The growing popularity of pain management therapies is fuelling the growth of U.S. compounding pharmacies market. Compounded pain management drugs are not FDA-approved, however, they come under the State Pharmacies Board supervision in the U.S.

For example, medical guidelines such as the Chronic Pain Guidelines stated by the Medical Treatment Utilization Schedule (MTUS) do not support the use of compounds such as Gabapentin and Baclofen for pain management. However, compounding pharmacies use these compounds as well as several others in varying strengths to attract customers and increase their revenue.

Moreover, an increase in the shortage of prescription medicine is expected to upsurge the demand for compounding pharmacies. According to the U.S. FDA, only 154 drugs were in short supply or not available in 2007, as compared to 456 in 2012.

Currently, the number of drugs in short supply is around 300. Medicinal drought is prominent in the U.S. as compared to other countries, which is also fuelling the revenue growth of the U.S. compounding pharmacies market.

On the other hand, increasing regulatory pressures are expected to hamper the growth of the U.S. compounding pharmacies market. Compounding pharmacies are engaged in trans-boundary drug compounding, and the manufacturing of bulk drugs & ingredients need to be registered with the FDA, undergo mandatory inspections, and abide by GMP guidelines.

For instance, the FDA has stated that around 70% of registered firms have been inspected, of which 28 firms have been issued FDA Form 483s (non-adherence to cGMP regulations and unsafe compounding practices), and five warning letters, which implies a very high rate of action.

Compounding pharmacies registering with the FDA could serve to increase credibility. However, inspections and compliance with good manufacturing practices is compulsory. Regulatory pressures on compounding pharmacies are expected to force the smaller ones to close their business primarily due to unsafe compounding practices, which are likely to directly impact patient safety.

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Hormone Replacement Therapeutic Area to Hold over 38% Revenue Share in Market

By product type, oral medication is the expected to dominate the U.S. compounding pharmacies market in term of revenue, which is then followed by topical medication. The injectable segment by product type of the U.S. compounding pharmacies market is projected to grow at a significant rate as compared to other segments.

The hormone replacement therapy segment is the leading segment in terms of revenue among all the therapeutic area segments of the U.S. compounding pharmacies market, and is estimated to gain a 38.4% revenue share in 2022.

Among the pharmacy type segments, the 503A pharmacy segment is expected to gain a major revenue share as compared to the 503B pharmacy segment over the forecast period. By application, the adults segment is estimated to dominate the U.S. compounding pharmacies market, followed by the paediatrics segment.

The veterinary segment is expected to grow at a faster pace as compared to the other application segments of the U.S. compounding pharmacies market.

The U.S. compounding pharmacies market report tracks some of the key companies operating in the market, which include Avella Specialty Pharmacy, Central Admixture Pharmacy Services, Inc., Fagron N.V., Wedgewood Pharma, PharMEDium Services LLC, Doughertys Pharmacy, Institutional Pharmacy Solutions, Lorraine’s Pharmacy, Village Compounding Pharmacy, Triangle Compounding Pharmacy, Olympia Pharmacy, Hoye’s Pharmacy, Vertisis Custom Pharmacy, Smith Caldwell Drug Store, AIS HealthCare, Soleo Health, Millers Pharmacy, Centene Corporation, Infinity Care Solutions, Triumph Pharmacy, and Sixth Avenue Medical Pharmacy.

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U.S. Compounding Pharmacies Market By Category

By Product:

Oral Medication
- Solid Medication
  - Capsules
  - Tablets
  - Mixtures
  - Lollipops
  - Lozenges
- Liquid Medication
  - Syrup
  - Solution/li>
  - Emulsion
  - Suspension
- Topical Medication
  - Gels
  - Ointments
  - Creams
  - Lotions
Injectable
Mouthwashes
Nasal
Ocular
Otic
Suppositories and Enemas

By Pharmacy Type:

503A Pharmacy
503B Pharmacy

By Application:

Adults
Pediatrics
Geriatrics
Veterinary

By Therapeutic Area:

Hormone Replacement Therapy
Pain Management
Dermatology
Oncology
Hematology
Dental
Others

Explore FMI’s Extensive ongoing Coverage on Healthcare Domain:

Women Digital Health Solutions Market is estimated at US$ 2.3 Bn in 2022 and is projected to reach a valuation of US$ 20.1 Bn by 2032, expanding at a CAGR of 24.2% through the forecast period of 2022-2032

Zirconia Based Dental Ceramics Market is expected to be the highest revenue generating category, projected to register an absolute dollar opportunity of US$222 Mn during 2022 – 2032

Hard Gelatin Capsules Market is set to display a substantial growth at a CAGR of 6.4% from 2022 to 2032

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Advanced Process Control Market is expected to boost 9.31% CAGR during Forecast 2022 to 2032 | Get Customized Reports

Future Market Insights’ global Advanced Process Control market analysis reveals both hidden opportunities and prospective dangers. The advanced process control market is estimated to develop at a 9.31% CAGR between 2022 and 2032.

The study looks into the Advanced Process Control industry, outlining the key growth factors, opportunities, restraints, and challenges that will dominate the market in the future years. The industrial automation business will continue to develop through 2022 and beyond, according to FMI.

The installation of smart devices in equipment, increased machine utilisation, and demand for high-quality products in various industries are some of the reasons driving the growth of the Advanced Process Control market in the industrial automation industry.

In order to boost production and cut labour costs, enterprises are implementing automation. FMI delivers thorough industry insights to market participants so that they can develop long-term plans to keep their competitive edge.

To obtain thorough insights into the Advanced Process Control market, our specialists rely on primary and secondary research, as well as a wide range of data sets obtained from organic and inorganic sources, to generate predictions for the next decade.

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Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Advanced Process Control market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Advanced Process Control market.

Key Questions Answered in the Report

What are the key trends and challenges that will affect global Advanced Process Control market in upcoming years?
What are the factors that will influence the Advanced Process Control market demand?
Which region will be the most lucrative for Advanced Process Control market throughout the forecast period?
How will evolving regulatory policies impact the market growth?
What is the impact of Covid-19 on the Advanced Process Control market?

Competitive Analysis

General electric Co.
Rudolph Technologies
Yokogawa Electric Corp
Emerson Electric Co.
ABB Ltd.
Aspen Technology
Honeywell International, Inc.
Schneider Electric Se
Rockwell Automation, Inc.
Siemens AG

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Advanced Process Control market.

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Key Segments

By Industry Vertical

Pharmaceuticals
Oil & Gas
Energy & Power
Chemicals
Manufacturing
Automobiles
Pulp & Paper

By Services

Advanced regulatory Control
Inferential Control
Sequential Control
Compressor Control

By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Table of Content

Executive Summary

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

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

Global Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

Global Market Analysis 2017-2021 and Forecast 2022-2032, By Technology

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Technology, 2017-2021

5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Technology, 2022-2032

5.4. Y-o-Y Growth Trend Analysis By Technology, 2017-2021

5.5. Absolute $ Opportunity Analysis By Technology, 2022-2032

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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.  
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA  
T: +1-845-579-5705
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Vertical Turbine Pumps Market to Expand at a Steady 5% CAGR from 2022 to 2032: Trends and Forecast

The Global Vertical Turbine Pumps Market was worth US$ 25 billion in 2022 and is anticipated to be worth US$ 40.72 billion in 2032, with a 5% CAGR from 2022 to 2032. Rapid urbanisation and rising wastewater treatment demand are driving market growth.

Vertical turbine pumps are examples of centrifugal pumps. Vertical turbine pumps feature an above-ground motor connected by a vertical shaft to the impellers at the pump’s bottom. These pumps are normally powered by a diesel engine or an alternating current electric induction motor.

When a submersible pump cannot be used, vertical turbine pumps are typically used. Deep well turbine pumps are another name for vertical turbine pumps. Vertical turbine pumps are widely used in municipal, agricultural, and industrial contexts.

Pump head maintenance is challenging with vertical turbine pumps. It requires a significant amount of headroom for maintenance. This is the only problem that vertical turbine pump manufacturers confront worldwide.

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Global Vertical Turbine Pumps Market: Market Participants

The global market for vertical turbine pumps is moderately fragmented as there are significant number of manufacturers across the globe. Although, names of some of market participants engaged in the manufacturing and sales of vertical turbine pumps are mentioned below:

National Pump Company.
Grundfos Pumps Corporation
Pentair Aurora Pump
Simflo Pump
Process Systems
Neptuno Pumps Ltd
Sintech Precision Products Ltd
Flowserve
Ruhrpumpen
Kirloskar Brothers Limited
ITT INC.
Gusher Pumps
Hydroflo Pumps
Sulzer
CNP PUMPS INDIA PVT. LTD
C.R.I. Pumps Private Limited
Hydroflo Pumps
Sulzer
Grundfos

Vertical turbine pumps are classified as a type of centrifugal pump. In vertical turbine pumps, the motor is located above the ground level and is connected to the impellers at the bottom of the pump via a vertical shaft. These pumps are generally driven by a diesel engine or by an AC electric induction motor.

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Key Segments Profiled in the Vertical Turbine Pumps Industry Survey

Stage:

Single Stage Vertical Turbine Pumps
Multi-Stage Vertical Turbine Pumps

End use:

Agriculture & Irrigation
Power Generation
Oil & Gas
Municipal
General Industry
Chemical
Mining

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Table of Content

Executive Summary

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

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

Global Vertical Turbine Pumps Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

Global Vertical Turbine Pumps Market Analysis 2017-2021 and Forecast 2022-2032, By Stage

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Stage, 2017-2021

5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Stage, 2022-2032

5.4. Y-o-Y Growth Trend Analysis By Stage, 2017-2021

5.5. Absolute $ Opportunity Analysis By Stage, 2022-2032

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.

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Aviation Test Equipment Market is Projected to Register a Strong 4.3% CAGR from 2022 to 2032, Get Insights

The global aviation test equipment market is estimated to reach US$ 9.8 billion by 2032, growing at a CAGR of 4.3%. In 2022, total sales of aircraft test equipment will exceed US$ 8.0 billion. Aviation test equipment is used in the aviation sector to repair and upgrade hydraulic, pneumatic, and electrical power systems. Demand for aircraft test equipment is likely to be driven by increased R&D efforts in the aerospace and military industries to develop technologically upgraded products.

In both the commercial and defence sectors, regular aircraft inspections and maintenance systems are vital. Aerial mechanics examine and replace aircraft parts, diagnose electrical and mechanical problems, fix brakes, wings, or other aircraft equipment, use gauges to test aviation equipment, and inspect the entire operation or process to verify performance criteria are reached.

Airbus recently placed the test equipment on its first A321neo in Germany. MSN6673 would be powered by Pratt & Whitney PW1100G engines. Because the wings of the A321neo differ from those of the A320neo and A319neo, the test regime will be employed.

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Aviation Test Equipment Market: Overview

The aviation test equipment market has grown substantially at a healthy CAGR due to increase product innovation and increase aerospace activity. With rapid technological advancement and expertise, aviation test equipment market is expected to grow globally. Asia Pacific will emerge as the fastest growing region in aviation test equipment market.

Aviation Test Equipment Market: Region-wise Outlook

The aviation test equipment market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, aviation test equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific and Middle East and Africa are the growing market due to the increasing aerospace activity. Europe and North America also have a market for aviation test equipment’s since they have more resources, technically advance and expertise than the developing regions.

Aviation Test Equipment Market: Key Players

Some of the key market players in aviation test equipment market are Airbus, GE, Boeing, Honeywell International, Moog, 3M, Rolls Roycee Holdings.

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.

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Key Segments Profiled in the Aviation Test Equipment Industry Survey

Product:

Electrical Aviation Test Equipment
Hydraulic Aviation Test Equipment
Power Aviation Test Equipment
Pneumatic Aviation Test Equipment

End User:

Commercial
Defense/Military Sector

Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

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Table of Content

Executive Summary

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

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

Global Aviation Test Equipment Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

Global Aviation Test Equipment Market Analysis 2017-2021 and Forecast 2022-2032, By Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Type, 2017-2021

5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Type, 2022-2032

5.4. Y-o-Y Growth Trend Analysis By Type, 2017-2021

5.5. Absolute $ Opportunity Analysis By Type, 2022-2032

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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 favour 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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Hazardous Area Equipment Market is expected to reach a valuation of US$ 15.43 billion by 2032 | FMI

From 2022 to 2032, the global Hazardous Area Equipment Market is expected to be worth US$ 15.43 billion, growing at a 5.2% CAGR. The term “hazardous area equipment” refers to devices that can limit or mitigate the damage caused by accidents such as fires, or that can function effectively in harsh environments.

They consist of cable glands and attachments, control panels, buttons, illumination, and strobe beacons, and are used in hazardous locations based on division, class, or zone.

The increased use of LED lighting solutions for hazardous and safe environments, as well as the growing emphasis on industry safety measures, are propelling the hazardous area equipment market forward.

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The desire for low-cost solutions is projected to present the substantial potential for hazardous area equipment market participants.

The expansion of industrial safety measures, particularly in process sectors where the operations of hazardous work equipment are required to continue, as well as rising urbanisation and population growth throughout the world, will emerge as the primary factors driving hazardous area equipment market growth.

The expanding progress of emerging countries is causing the rise of various companies that rely heavily on hazardous area equipment, which will exacerbate market worth. However, time-consuming and costly inspection and maintenance function as a hazardous area equipment market restriction.

Certain challenges and restrictions are being encountered, which will impede overall hazardous area equipment market expansion. The expenses of implementation, as well as a lack of knowledge, are impeding the growth of the hazardous area equipment market.

Wireless hazardous area equipment acts as a source of ignition in a hazardous location, followed by time-consuming and costly inspection and maintenance, which are possible restrictions on the worldwide hazardous area equipment market’s overall growth.

Technological developments, rising demand for low-cost, high-light-output-per-watt lighting solutions, and untapped potential in emerging countries provide favourable growth possibilities of the hazardous area equipment market.

Increased demand for low-cost and high light output per watt lighting solutions creates new chances for hazardous area equipment market growth throughout the projection period. The use of wireless hazardous area equipment, which may cause ignite on industrial premises owing to electromagnetic waves radiated by them, is likely to slow growth and provide a threat to the hazardous area equipment market.

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Key Takeaways:

Cable glands and accessories have historically been a significant hazardous area equipment market.
The oil & gas industry held the largest hazardous area equipment market size and is expected to grow at the highest CAGR.
The RoW (Middle East, Africa, and Latin America) region led the hazardous area equipment market, followed by North America and Europe.
Based on Connectivity Service, wired accounted for the largest hazardous area equipment market share.

Competitive Landscape:

Some of the key players in the hazardous area equipment market include Honeywell International, Inc. (US), PATLITE Corporation (US), Eaton Corporation Plc (US), Siemens AG (Germany), Emerson Electric Co. (US), NHP Electric Engineering Products (Australia), Rockwell Automation (US), E2S Warning Signals (US), ABB Ltd. (Switzerland), and R.STAHL AG. (Germany).

Honeywell said in December 2020 that it has agreed to acquire privately-held Sparta Systems for $1.3 billion in an all-cash transaction from New Mountain Capital. Sparta Systems is a major provider of enterprise quality management software (QMS) for the life sciences industry, featuring a next-generation SaaS platform.
Honeywell will buy SaaS in December 2020. Honeywell Forge’s return-to-work capabilities, mobile device experience, and linked buildings solutions will be enhanced with the purchase of software as a service (SaaS) startup Sine Group.
Siemens Logistics will launch the new VarioBelt TilterPlus belt conveyor with an unrivalled tilting device in June 2021 for efficient luggage handling at airports.
Honeywell announced in June 2021 that it would collaborate with the Indian government’s Defence Research Development Organization (DRDO) and the Council of Scientific and Industrial Research-Indian Institute of Petroleum (CSIR-IIP) to increase oxygen production in India.
Siemens AG and Atos, a global pioneer in digital transformation, announced today the renewal of their Customer Relationship Agreement as part of their strategic relationship, which began in 2011.

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Key Segments

By Products:

Industrial Controls
Motors
Strobe Beacons
Visual and Audible Combination Units
Cable Glands and Accessories
Process Instruments
Lighting Products
Sensors
Fire Alarms or Call Points
Others

By Services:

Wired
Wireless

By End-users:

Oil & Gas
Mining
Chemical & Pharmaceutical
Food & Beverages
Automotive and aerospace
Pulp & Paper
Steel & Metal
Energy & Power
others

By Region:

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

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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 favour 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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Rig and Oilfield Mats Market is predicted to grow at a value of nearly US$ 2.1 Billion by 2032, Get Insights FMI

The global rig and oilfield mats market is estimated to be valued US$ 2.1 billion by 2032, with sales growing at a solid 7.3% CAGR between 2022 and 2032. In 2022, the target market is estimated to be valued US$ 1.04 billion, up from US$ 1 billion in 2021. During the projection period, demand for rig and oilfield mats will be driven by rising crude oil prices and increased activity in the oil and gas industry around the world.

Major oil and gas corporations are interested in establishing operations in remote places for exploration, drilling, and production. Contracts for such remote sites are being acquired by oil and gas corporations. Rain and humidity are frequent in several of these outlying areas. Matting solutions are necessary to keep oil and gas operations going in these places since the environment is unsuitable for regular operations. As a result, remote drilling activities are propelling the use of rig and oilfield mats. Many oil and gas companies in the United States, for example, are relocating drilling activities to Alaska and other places, which is predicted to raise global demand for rig and oilfield mats between 2022 and 2032.

Increased sales of composite or engineered mats will very probably contribute significantly to market growth. Again, governments in the United States, Canada, and the European Union have established environmental restrictions, which will aid the spread of composite mats over wood mats. During the projected period, all of these reasons will drive the expansion of the rig and oilfield mats market.

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“Integration of technological enhancements like skid-proof materials and anti-static materials into the design of these mats will augment the global sales of the rig and oilfield mats market over the forecast period,” says an FMI analyst.

Key Takeaways:

By product type, the composite mats segment will gain traction over the forecast period.
In terms of application, the construction, and offshore wind energy infrastructure are set to generate lucrative opportunities for the target market.
The rig and oilfield mats market in the United States will account for a major portion of the global market.
Countries in Western Europe will account for the second largest market share.
China and the MEA countries will register steady growth during the forecast period.

Competitive Landscape

Horizon North Logistics Inc., New park Resources Inc., Signature Systems Group, LLC, Strad Energy Services Ltd, Checkers Safety Group, Spartan Mat, Rig Mats of America Inc., Quality Mat Company, Canada Rig Mats Ltd., Alberta Rig Mats, and Access Terrain Services among others are some of the major players in the rig and oilfield mats market profiled in the full version of the report.

Key market players are concentrating on enhancing product offerings and investing more in research and development activities to cater to consumer demands. These businesses are offering patented technologies and customized mat sizes, acquiring technical expertise, and engaging in strategic alliances, partnerships, joint ventures, collaborations, mergers, and acquisitions to gain a competitive advantage.

More Insights into Rig and Oilfield Mats Market Report

In its latest report, FMI offers an unbiased analysis of the global rig and oilfield mats market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (wood mats, composite mats, steel mats), end use (oil and gas, electrical T&D construction & maintenance, wind energy, infrastructure construction, military, helipad, others), and region.

According to the latest FMI reports, based on segmentation, the composite mats segment will register a heightened demand and make significant contributions to the overall market growth. On the basis of applications, industrial usage in the construction and offshore wind energy infrastructure will make major contributions to the growth of the rig and oilfield mats market during the forecast period.

Based on region, the rig and oilfield mats market in North America will exhibit substantial growth owing to the heightened adoption of these mats. The United States will be a prime driving factor during this period. Heightened oil and gas activities in the U.S. is fueling the target market growth in this region. Western European countries, China, and MEA countries will also show impressive growth in the rig and oilfield mats market during the forecast period.

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Key Segments

By Product:

Wood Mats
Composite Mats
Steel Mats

By End Use:

Oil and Gas
Electrical T&D Construction & Maintenance
Wind
Infrastructure Construction
Military
Helipad
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)

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Table of Content

Executive Summary | Rig and Oilfield Mats 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

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

Global Rig and Oilfield Mats Market Analysis 2017 to 2021 and Forecast, 2022 to 2032

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2017 to 2021

4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2022 to 2032

Global Rig and Oilfield Mats Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product, 2017 to 2021

5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product, 2022 to 2032

5.4. Y-o-Y Growth Trend Analysis By Product, 2017 to 2021

5.5. Absolute $ Opportunity Analysis By Product, 2022 to 2032

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.

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Spiral Freezer Market is projected to attain a value of US$ 6,089.1 million by 2032 | Says FMI

During the forecast period, the global spiral freezer market is expected to grow at a 4.6% CAGR, reaching a value of US$ 6,089.1 million by 2032. The market is currently valued at US$ 3,884.2 million in 2022.

Food can be frozen individually or in batches. The components of these systems must be extremely durable due to the wide operating temperature range and high mechanical loads. Spiral freezers keep products fresh while providing consistent cooling. As a result, spiral freezers are more difficult to use and to gain access to.

Because of its structural efficiency, it is simple to freeze and chill. The spiral freezer’s construction is dependent on the specific installation, but they are a good option when floor space is limited because they use vertical space.

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Regional Outlook

Regarding geography, spiral freezers market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. The consumers’ trends are changing in the region which is influenced by the growing retailers generating the attractive and likewise innovative sale formats. The retailers’ now-a-days keeps first-hand knowledge on preferences and purchase habits of the consumers which they transmit to the upper stream of manufacturers in the supply chain.

This flow of generated information through retailers to the manufacturers call for the need of rapid cooling and refrigeration. Thus, the spiral freezer manufacturer has to strategize their business through consumer insights and responses, the regional shift in the eating habits and penetration of modernizing food products such as fast food, etc.

The most advanced refrigerated food processing lines are now faster and more enhanced, and are occasionally controlled by completely automated systems with almost no human supervision in field There is an increasing requirement for specialized systems and components to grant reliability, efficiency, fast maintenance, flexibility, productivity – key requisites for today’s deep-freezing technology. Spiral freezers are cost efficient

The regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Spiral freezer Market: Key Players

The prominent players in the market are:

GEA Refrigeration Technologies
Toban Engineering UK Limited
IJ White
RMF Steel

Key Segments in The Spiral Freezer Market

By Type:

Small Capacity
Medium Capacity
Large Capacity

By Application:

Meat Processing
Seafood & Fish
Bakery Products
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Table of Content

Executive Summary

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

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

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: