Disposable Medical Sensors Market is projected to grow at a CAGR of 8.1% from 2022 to 2032

[Report of 250 Pages] Over the forecast period, the market for disposable medical sensors is anticipated to grow at a CAGR of 8.1%, from USD 6.5 billion in 2021 to USD 15.31 billion in 2032.

Disposable medical sensors are portable scanning devices intended for diagnosis, patient monitoring and therapeutic processes. Disposable medical sensors are designed to detect and provide information in the form of electrical signals by converting patient’s various forms of stimulations.

Disposable medical sensors facilitate continuous patient monitoring through the measurement of basic vital signs, for instance heart rate, breathing rate, blood oxygenation level, pulse rate and temperature. Disposable medical sensors are used in different specialties such as cardiology, radiology, general medicine, neurology, ophthalmology, urology and so on. Currently the trend witnessed in the global disposable medical sensors market is the development of products in ablation treatments for cancer, cardiac arrhythmia, point of care diagnosis, pain free glucose monitoring, wireless insulin delivering procedures, etc.

Disposable Medical Sensors Market: Drivers and Restraints

Disposable medical sensors market is projected to grow rapidly due to increasing incidence of chronic diseases such as cancer, acute myocardial infarction and diabetes mellitus particularly in geriatric population, as well as increasing number of postoperative rehabilitation patients across the globe.

Major drivers for the disposable medical sensors market are technological advancements and increasing innovations in the development of point of care medical sensors for diagnosis and monitoring outside hospitals. At the same time increasing the need of remote patient monitoring and next generation disposable medical sensors such as painless diabetes monitors, wearable wrist watches, etc. are other opportunities to manufacturers.

Large number of regulatory approvals for biodegradable sensors are also booming the global disposable medical sensors market. However lack of adequate reimbursement policies for novel technologies and stringent regulatory procedures are the major factors that can hamper the global disposable medical sensors growth over the forecast period.

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Disposable Medical Sensors Market: Overview

The United States represents the largest market for disposable medical device sensors in North America, followed by Canada. Europe is expected to be the second largest region in the global disposable medical sensors market. Germany, France, and the U.K. are estimated to account for a major share in the Europe disposable medical sensors market over the forecast period. APAC is anticipated to represent a high growth rate in the next five years. By application type, monitoring devices particularly cardiac pacemakers and blood glucose monitorsare the dominant segment across globe due to high incidences of diabetes and cardiac diseases.

The diagnostic strips for HIV test, pregnancy test, blood glucose test and immunological test are anticipated to hold a high collective share in the global disposable medical sensors market. By end use, the hospitals and home care segments are projected to account for around 50% share in the global disposable medical sensors market and the trend is forecast to continue through the forecast period. By placement of sensors type, wearable sensors and strip sensors are estimated to register above average CAGR over the forecast period owing to its affordable price due to miniaturization of equipment.

Disposable Medical Sensors Market: Key Players

Key players of Mayo Clinic and Gentag, Sensirion AG, Measurement Specialities, Smiths Medical, ST Microelectronics, Philips Helathcare, Medtronic, Freescale Semiconductor, Inc., GE Healthcare, Analog Devices, Inc., Given Imaging, Honeywell International, Inc. and Coividien, plc. For instance, Gentag Company extended the near field communication (NFC) technology to accomplish remote patient monitoring worldwide. Freescale Semiconductor, Inc is developing lower-cost, semiconductor-based sensors with high sensitivity. The Measurement Specialities is developing customized products to satisfy patient need. Analog Devices, Inc. is collaborating with customers to accelerate the pace of innovation and produce breakthrough solutions for impossible conditions.

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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The report covers exhaustive analysis on:

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

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (EU-5 countries, BENELUX, Nordic countries)
  • Eastern Europe (Russia, Poland)
  • Asia Pacific (India, China, ASEAN)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. 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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Disposable Medical Sensors Market: Segmentation

Based on application

  • Patient monitoring
  • Continuous Blood Pressure Monitoring
  • Implantable Loop Recorder
  • Cardiac Monitoring Electrode
  • Pulse Oximeter
  • Smart Pill
  • Continuous Blood Glucose Monitoring
  • Diagnostics
  • Capsule Endoscopes
  • HIV Test Strip Sensors
  • Pregnancy Test Strip Sensors
  • Drug And Alcohol Test Strip Sensors
  • Blood Glucose Test Strip Sensors
  • Immunoassay Biosensors
  • Therapeutics
  • Insulin Pump Sensors
  • Dialysis Sensors
  • Cardiac Therapeutic Electrode Sensors
  • Cardiac Catheter Sensors

Based on Placement Type:

  • Implantable sensors
  • Invasive sensors
  • Ingestible sensors
  • Strip sensors
  • Wearable sensors

Based on Type of Sensors:

  • Biosensors
  • Accelerometers
  • Image sensors
  • Pressure sensors
  • Temperature sensors
  • MR Position Sensors
  • Force Sensors
  • Humidity Sensors

Based on End User:

  • Hospitals
  • Home Care
  • Diagnostic Laboratories
  • Clinics

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Lung Cancer Therapeutics Market share is projected to reach US$ 48,725.9 Million by 2026

The global lung cancer therapeutics market is anticipated to bode well over the forecast period by registering a total CAGR of 13.4% from 2022 to 2032. The global market is projected to reach US$ 48,725.9 Million by 2026. In addition to rising regulatory approvals and the acceptance of modern treatments in Europe, the lung cancer therapeutics market is predicted to develop. In surging economies such as China and India, the acceleration in lung disease prevalence and the dominance of chemotherapy are driving the growth of the lung cancer therapeutics market.

Lung cancer diagnoses have witnessed a significant increase owing to the surge in cancer awareness in both advanced and emerging economies, as well as the introduction of new medical diagnostic equipment and improved treatments, propelling the lung cancer therapeutics market forward. Increased spending in research and innovation with the assistance of leading players, is propelling the demand for lung cancer therapeutics. The shift in the market is mostly due to a higher focus on research projects as a result of the rising incidence of lung cancer.

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The global lung cancer therapeutics market is anticipated to surge at a high rate owing to a significant rise in the incidences of lung cancer. The worldwide lung cancer therapeutics market is being driven by a growing demand for tailored therapy, the availability of highly effective medications, an increase in the elderly population, and an increase in the prevalence of unhealthy lifestyles. Furthermore, the emergence of nanomedicine to treat lung cancer and the growing number of approvals in the lung cancer treatments market are driving the demand for lung cancer therapeutics. Advanced immunotherapies and tailored medicines are becoming more expensive in countries like Japan, thus limiting the demand for lung cancer therapeutics.

Key Takeaways

  • Lung cancer is considered a malignant tumor that is characterized by the uncontrolled growth of cell tissues within the lung. It is known as the second most commonly diagnosed disease among the majority of the population and comprises the highest mortality rate of all cancers in both men and women. Thus, with the rise in the incidence rate of lung cancer, the demand for lung cancer therapeutics is also expected to grow during the study period.
  • The surge in incidences of lung cancer is attributed to the rising smoking population which is likely to be one of the major factors driving the growth of the lung cancer therapeutics market. The risk of lung cancer is tenfold higher in smokers as compared to non-smokers.
  • The launch of high-priced drugs along with the new innovative radiation therapies with rising incidences of NSCLC is the major driving factor for the growth of the lung cancer therapeutics market. However, the generalization of the major drugs might restrict the demand for lung cancer therapeutics.
  • On the basis of cancer cell types, lung cancer is broadly segmented as small-cell lung cancer paired with non-small cell lung cancer (NSCLC). The NSCLC segment accounts for approximately 80 to 90% of all lung cancers.
  • In terms of cell shape and size, NSCLC is further divided into three subtypes they are adenocarcinoma, large-cell carcinoma, and squamous cell carcinoma. These NSCLCs are primarily treated with surgeries. At the same time, chemotherapy is increasingly used for both the pre-operative and post-operative treatment of patients.

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Competitive Landscape

Key players in the global lung cancer therapeutics market are rapidly adopting various strategies in order to expand their product portfolio along with increasing their geographical presence for demand for lung cancer therapeutics. Some of the key strategies used by players in the global lung cancer therapeutics market include product innovation, partnerships and alliances, and mergers.

More Insights into theLung Cancer Therapeutics Market

On the basis of geographical segment, the North American region is anticipated to dominate the global lung cancer therapeutics market over the assessment period. According to the reports launched by Lung Disease Research Funding, approximately 75,000 people in the U.S. die because of lung injury every year.

The United States is considered one of the largest markets for NSCLC owing to the high incidence rate rise in the aging population. Furthermore, the advent of technologically new treatment therapies such as targeted drug therapy, and stereotactic are aiding the growth of the lung cancer therapeutics market share.

The European region is anticipated to account for the highest demand for lung cancer therapeutics after North America. Additionally, Asia-Pacific countries such as India and China, and South East Asia are the emerging regions for the global lung cancer therapeutics market due to the high prevalence of this disease coupled with increasing healthcare awareness.

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Key Segments

By Cancer Cell Type:

  • Small Lung Cancer
  • Non-Small Lung Cancer (NSLC)

By Molecule Type:

  • Biologics
  • Small Molecules

By Mode of Administration:

  • Injectable
  • Oral

By Type:

  • AML
  • CML
  • ALL
  • CLL

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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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Patient Positioning System Market is projected to US$ 86.2 Million by 2032

The global patient positioning system market is contrast to the US$ 1.25 Billion in 2022, the market for patient positioning systems is predicted to reach a significant market value of US$ 1.8 Billion in 2032. The market was estimated to be worth US$ 1.2 billion in 2021, growing at a Y-o-Y rate of 4.1% for the following year (2021–2022).

Increasing cancer rates and the swift growth of the healthcare industry in developing nations are anticipated to be major market drivers during the forecast period.

The market is anticipated to have considerable growth over the course of the projected period as a result of an expanding elderly population and an increase in cancer occurrence. According to the WHO, cancer will be responsible for almost 10 million deaths in 2020, or one in every six.

Ongoing technical advancement in the healthcare system is expected to drive the market in the coming period. Advancements in technologies such as; cancer tracking sensors, optic fiber, and MEMS sensors are likely to augment the market size. Players in the market are focusing on launching advanced products. For instance, in 2020, Elekta, a Swedish player, announced its new product called Elekta Harmony linear accelerator. It is a modern cancer treatment system with a shorter treatment slot of up to 25% and a 30% smaller footprint.

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“Rising prevalence of chronic ailments and the expanding geriatric population across the globe is expected to drive the growth of patient positioning system market. Also, the ongoing development in the healthcare sector is another salient cause strengthening the industry.”

The emergence of an AI-based patient positioning system for analyzing and comparing the imaging workflow is projected to display avenues of expansion. Renowned entities in the market are focusing to launch new products which will benefit the market notably in the coming period.

In March 2021, Royal Philips rolled out its AI-based Precise Suite solution for its Incisive CT platform. The equipment aims to provide advanced workflow from image acquisition through reporting with AI-based image reconstruction, motion-free cardiac image capture, and automated patient positioning.

On the contrary, a lack of adequate infrastructure is anticipated to hinder the market growth during the forecast period. Also, only a limited number of healthcare institutions in developing and underdeveloped nations can afford to implement modern techniques in their equipment. However, with the increased launch of advanced products, the global market is expected to benefit. For instance, FDA-approved ORION is an operable system solution that connects all software and hardware elements. The system reduces the per-patient treatment cycle by offering the scope of preparing the patient outside the treatment room through a tool changer.

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Key Takeaways from the Market Study

  • By application, the surgeries segment is anticipated to dominate the patient positioning system market at a CAGR of 3.7%
  • On the basis of end-user, the hospital segment is predicted to record a CAGR of 3.6% from 2022- to 2032
  • The patient positioning system market in the US is expected to garner US$ 627 Million by 2032
  • The Chinese patient positioning system industry is anticipated to expand at a CAGR of 4% by 2032
  • The patient positioning system market in Japan is projected to garner US$ 108.9 Million by 2032
  • The patient positioning system market in South Korea is predicted to experience a CAGR of 3.1%

Competition Analysis

Key players in the global patient positioning system market include Hill-Rom Holdings, Medtronic plc, Inc., Medline Industries, Stryker Corporation, LP, and Skytron, LLC. Recent key developments in the market are:

  • In November 2020, Stryker Corporation announced the acquisition of Wright Medical Group, an eminent medical equipment provider focused on biologics and extremities.
  • In June 2021, Blackstone, Hellman & Friedman, and Carlyle concluded a deal to buy Medline Industries for over US$ 30 Billion. The transaction is valued at US$ 34 Billion and north of US$ 30 Billion excluding borrowings.
  • In September 2021, Baxter International Inc., a known MedTech leader, disclosed that it had accomplished the acquisition of Hillrom. Baxter paid US$ 156 in cash for every outstanding share of Hillrom common stock at US$ 10.5 billion. The transaction took place at US$ 12.5 Billion.

Key Segments Profiled in the Global Patient Positioning System Market

Patient Positioning System Market by Product:

  • Patient Positioning System in Tables
  • Patient Positioning System in Surgical Tables
  • Patient Positioning System in Radiolucent Imaging Tables
  • Patient Positioning System in Examination Tables
  • Patient Positioning System in Accessories

Patient Positioning System Market by Application:

  • Patient Positioning System in Surgeries
  • Patient Positioning System in Diseases Diagnosis
  • Patient Positioning System in Cancer Therapy

Patient Positioning System Market by End User:

  • Patient Positioning System in Hospitals
  • Patient Positioning System in Ambulatory Surgery Centers
  • Patient Positioning System in Diagnostic Laboratories

Patient Positioning System Market by Region:

  • North America Patient Positioning System Market
  • Europe Patient Positioning System Market
  • Asia Pacific Patient Positioning System Market
  • Middle East and Africa Patient Positioning System Market
  • Latin America Patient Positioning System Market

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Sexually Transmitted Diseases Diagnostics Market is predicated to record a CAGR of 7.9% from 2022 to 2032

The Sexually Transmitted Diseases Diagnostics Market is expected to escalate at a CAGR of 7.9%, from USD 3.8 billion in 2022 to USD 6.4 billion through 2032.

The COVID-19 pandemic is a global health threat unmatched by anything that has occurred before, and its impact on sexually transmitted diseases testing is expected to be dire. As a result of disruptions in health care and sexually transmitted infections testing services during the first months of the COVID-19 pandemic, reports the CDC, there were fewer reports of sexually transmitted infections. In some cases, people spread infections unintentionally due to limited access to testing and diagnosis. Infection rates have returned to normal as clinics reopen.

Among the sexually transmitted diseases diagnostic testing types, the market is divided into those for chlamydia, syphilis, gonorrhoea, herpes simplex virus, human papillomavirus and human immunodeficiency virus.

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List of Key Players Covered in Sexually Transmitted Diseases Diagnostics Market are:

  • Abbott Laboratories
  • Bio-Rad laboratories
  • Qaigen Inc.
  • Diasorin SPA
  • MedMira Inc.
  • F.Hoffman
  • Hologic
  • Cepheid
  • BioMeriuex

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Growth in the sexually transmitted diseases diagnostics market is expected to be driven by a number of factors, including an increase in sexually transmitted diseases prevalence globally, patient awareness through education campaigns, and government initiatives.

The prevalence and incidents of sexually transmitted diseases have increased significantly over the past decade. In light of the increase in prevalence, many countries are focusing on expanding the reach of sexually transmitted diseases diagnosis by implementing national screening programs. Payment policies for these services are also favourable. Global sexually transmitted diseases testing is growing as a consequence of these factors.

KEY TAKEAWAYS:

  • The sexually transmitted diseases diagnostics market is predicted to develop at a CAGR of 7.2% through 2032 in the laboratory testing section of the location of diagnostic test category.
  • The CAGR for the laboratory devices segment of the devices category in sexually transmitted diseases diagnostics market is anticipated to be 7.1% through 2032.
  • In the United States, the sexually transmitted diseases diagnostics market is estimated to reach US$ 2.3 billion by 2032, rising at a CAGR of 7.7% throughout the forecast period.
  • By 2032, the sexually transmitted diseases diagnostics market in the United Kingdom is expected to be valued US$ 265.1 million, with a CAGR of 6.7% through 2032.
  • With a CAGR of 7.2% throughout the forecast period, China is expected to reach a market size of US$ 442.0 million in sexually transmitted diseases diagnostics market by 2032.
  • By 2032, the sexually transmitted diseases diagnostics market in Japan is estimated to be worth US$ 356.4 million, growing at an annual rate of 6.3% through 2032.
  • With a CAGR of 5.7% throughout the forecast period, South Korea is predicted to reach a market size of US$ 222.4 million in sexually transmitted diseases diagnostics market by 2032.

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COMPETITIVE LANDSCAPE:

Key companies profiled in the sexually transmitted diseases diagnostics market report include Abbott laboratories, Becton Dickinson Company, BioMérieux, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Diasorin Molecular LLC, Hologic, Inc., Orasure Technologies, Inc., Roche Holding AG and Thermo Fisher Scientific Inc.

Sexually transmitted diseases diagnostics demand is largely in the North American market due to the availability of FDA-approved advanced test devices and the widespread use of public healthcare plans, which facilitate healthcare awareness.

Owing to the prevalence of sexually transmitted infections in underdeveloped countries and Asia-Pacific’s economic prosperity, this region should see significant growth during the forecast period of 2021 to 2028.

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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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Telecom Cloud Market is Predicted to Reach US$ 99.4 Billion by 2032 | Future Market Insights, Inc.

The Telecom Cloud Market revenues were estimated at US$ 19.8 Billion in 2021 and is anticipated to grow at a CAGR of 15.2% from 2022 to 2032, according to a recently published Future Market Insights report. By the end of 2032, the market is expected to reach a valuation of US$ 24 Billion. The market is projected to gross 15.2% CAGR through the public cloud.

During the pandemic, as individuals lived at home during the shutdown and businesses opted to work remotely, massive data consumption led to a spike in demand for telecom cloud installations, which significantly contributed to the market growth. Cloud has been one of the key themes of conversation in the telecom business in 2021 with the development of cloud-native 5G technology.

The public cloud solution provides on-demand infrastructure, lowering capital expenditure as well as continuous operational and life-cycle control. The public cloud may be a terrific incubator environment for not just developing new apps and services, but also bringing them to market and scaling them quickly.

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Many corporate firms rely on the public cloud as their base. Telecom companies are increasingly looking to collaborate using public cloud services to use their computational capacity and use their strong network skills on the back end.

Hyperscalers such as Amazon, Google, Microsoft, and Oracle often establish and manage a uniform tech environment with public cloud platforms. CSPs, on the other hand, buy solutions from a variety of vendors who compete and advance in different directions, sometimes marginally, sometimes significantly.

Also, The BFSI sector outsources non-core functions to save money and enhance efficiency. As a consequence, targeted content views and precise financial data are required, which may be merged via a telecommunications cloud service.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the Telecom Cloud Market are focused on R&D to produce innovative technological solutions.

  • In April 2021, Momentum Telecom, a global provider of managed network and clouds voice, revealed that it had accomplished its purchase of Atlus Technology, a Tennessee-based leader in the development of cloud-based unified communications solutions.
  • In December 2020, Cisco announced the purchase of IMImobile, a cloud telecommunications software and service provider, allowing Cisco to provide its customers with an end-to-end client engagement management solution.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Telecom Cloud Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Telecom Cloud Market in terms of Type (Public Cloud, Private Cloud, Hybrid Cloud), By Cloud Computing Service (IaaS, PaaS, SaaS), By Application (Data Storage, Achieving, Computing, Enterprise Application, Other Applications), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Market Segments Covered In Telecom Cloud Market Analysis

By Type:

  • Public Cloud
  • Private Cloud
  • Hybrid Cloud

By Cloud Computing Service:

  • IaaS
  • PaaS
  • SaaS

By Application:

  • Data Storage
  • Achieving
  • Computing
  • Enterprise Application
  • Other Applications

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and 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 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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Gas Insulated Substation Market Size to be worth at a US$ 24.6 Billion during Forecast 2023 to 2033, Get Customized Reports

Throughout the forecast period, the worldwide gas insulated substation market is expected to grow at a rapid 5.4% CAGR. The market for gas-insulated substations is currently valued at US$ 14.6 billion in 2023. The market for gas-insulated substations is expected to reach a high valuation of US$ 24.6 billion by 2033.

Switchgear technological developments and a rising trend of grid upgrades in both developed and developing countries are key factors driving demand for gas insulated substations. Air-insulated substations are more likely to harm the environment, whereas gas-insulated substations are less likely to pollute the environment.

This factor is expected to drive global market expansion throughout the forecast period. Furthermore, the growing demand for compact, low-maintenance power systems is likely to boost market growth throughout the forecast period. In terms of efficiency and reliability, they outperform air-insulated substations.

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The market is expected to expand as a result of increased per-hectare land values because gas insulated substations require less space than their equivalents. Owing to their smaller footprint, these substations require 90% less room to install than traditional power plants.

Globally, the emphasis has shifted toward investments in clean energy projects and renewable energy development. As a consequence of the considerable development of new renewable projects and increased electricity use, the gas-insulated substation market is projected to present good potential in the future.

The market for gas-insulated substations is expected to grow over the following seven years as a result of rising demand for features including adaptability to fit in a structure. Compact power system demand is predicted to rise, driving worldwide market development. Its ability to function in difficult conditions such as the arctic and desert is expected to boost market size.

The market is benefiting from a considerable rise in power consumption in emerging nations as a result of various electrification initiatives. GIS is being used by several nations involved in cross-border power transmission to create lengthy transmission lines, distribution stations, and substations. The advent of digital monitoring systems that enable smart supervision of the operation of encapsulated switchgear components has benefited OEMs and distributors in the power transmission business. In recent years, manufacturers in the gas-insulated substations market have focused on commercializing products with sophisticated sealing systems and using low-weight gases, including non-SF6 gas. They are suited for arctic or desert environments due to their characteristics.

However, sulfur hexafluoride is a greenhouse gas, and its usage in substations is projected to slow market development. Moreover, the high cost of traditional power substations is projected to stymie market expansion and provide hurdles to industry participants.

Key Takeaways:

  • During the forecast period, the U.S. is estimated to account for the largest share of the global gas insulated substation market. This is attributed to regional key enterprises modifying their designs to meet the operating demands of their end users at a low price without sacrificing stability or employee safety, as world leaders in both medium and high-voltage SF6 Gas Insulated Substation (GIS) spanning from 24kV to 800kV.
  • During the forecast period, the Asia Pacific gas insulated substation market is expected to have the highest share, led by China and Japan. This is owing to market players who have successfully produced a standard series of phase-separated type or three-phase enclosed type GIS that achieves a very compact and exceptionally dependable construction, with years of experience.
  • Owing to its ability to be planted in small areas and also deployed in residential areas and industrial complexes where continuous electricity is required, along with its portability, the “indoor” installation type is expected to hold the greatest revenue, through the forecast period.

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Competitive Landscape:

To promote the brand and income, industry participants engage in a flood of focused product releases and worldwide growth. They are also spreading their reach across many continents and entering new markets, particularly in emerging countries, in order to build their consumer base and enhance their position. As a result of the rising frequency of contaminations and the development of illnesses throughout the world, industry participants are also introducing new innovative products to the market. These reasons are expected to boost the growth of the global gas insulated substation market.

Key Players:

  • General Electric Company
  • Hitachi Ltd.
  • ABB Ltd.
  • Larsen & Toubro Limited
  • Siemens AG
  • Mitsubishi Electric Corporation
  • Eaton Corporation PLC
  • Toshiba Corp
  • CG Power and Industrial Solutions Ltd
  • Schneider Electric SE
  • Bharat Heavy Electricals Limited
  • Elsewedy Electric Co S.A.E.
  • Powell Industries Inc.
  • Hyosung Corp

Recent Developments:

  • In November 2018, ABB has been granted a contract by German grid operator Transnet BW for an electrical substation upgrade. ABB is responsible for installing the world’s first 380kV gas-insulated switchgear under the US$ 40 million contract.
  • In 2020, The Hitachi ABB Power Grids joint venture was formed by Hitachi Ltd. The new business is anticipated to offer financial power to support ambitious projects and new commercial potential as the sector embraces decentralization and digitization.

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Key Segments Profiled in the Gas Insulated Substation Market Survey

By Basis of Installation:

  • Indoor
  • Outdoor

By Voltage Rating:

  • Medium Voltage (Up to 72.5 kV)
  • High Voltage (72.5 kV – 220 kV)
  • Ultra-High Voltage (220 kV – 765 kV)

By End User:

  • Power Transmission & Distribution
  • Manufacturing & Processing

By Region:

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

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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China Industrial Hoses Market is projected to surpass a valuation of US$ 1.9 Billion by 2031, Get Insights FMI

The China Industrial hoses market is expected to rise by 5.7 percent year on year in 2021, defying early concerns about how the business would fare during a worldwide pandemic. The entire demand for industrial hoses in China is estimated to reach US$ 548 million metres by 2031.

According to Future Market Insights (FMI), the China industrial hoses market will be worth US$ 1.9 billion in 2031, growing at a CAGR of 7.3 percent. Ultra-high pressure industrial hoses are expected to increase at a CAGR of 7.5 percent over the assessment period.

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Key Takeaways from Market Study

  • China has an estimated share of 9.1% of the global industrial hoses market and close 30% of regional market consumption owing to the country’s high manufacturing output.
  • Lubricant hoses to hold the lead with US$ 166.1 Million in 2021 owing to extensive use in automotive applications.
  • Plastic and polymer hoses account for over 33% of the value share in 2021, owing to cost and durability benefits.
  • Energy applications to account for US$ 148 Million in 2021, driven by investments in energy infrastructure upgrades.
  • Leading provinces in China are estimated to contribute over 40% of the overall market consumption at 1.1 X of the overall CAGR.

“Transportation of critical fluids under stringent pressure regulations and demand from construction, oil and gas, and cryogenics sectors are major factors driving the demand for industrial hoses in China through 2031,” says a Future Market Insights analyst.

Competitive Landscape

The market is highly fragmented, with key players accounting for slightly more than one-fifth of the market share. These players are likely to invest in developing new materials and expansion of their clientele in various industries to enhance their product portfolios.

Some of the key players in this industry are Parker Hannifin Corporation, Tiger Polymer Corporation, Continental AG, Eaton Corporation, Rehau Group AG, Balflex LLC, Trelleborg AB, Kuriyama Holdings Corporation, and Qingdao Everflex Rubber & Plastic Co., Ltd. amongst others.

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Industrial Hoses Market by Category

By Material:

  • Plastics &  Polymers
    • PTFE
    • PUR
    • PVC
    • Nylon
    • Silicone
    • Hybrid
  • Steel
  • Braiding Yarn
  • Composites

By Product Type:

  • Tank Water Hoses
  • Gardening Hoses
  • Fuel Hoses
  • Diving Hoses
  • Brake Hoses
  • Bicycle Hydraulic Brake Hoses
  • Lubricant Hoses
  • Hydraulic Hoses
  • Mini Hydraulic Hoses
  • Pneumatic Hoses
  • Cryogenic Transfer Hoses
  • Gas Connection Hoses

By Pressure Intake:

  • Low Pressure
  • Medium Pressure
  • High Pressure
  • Ultra High Pressure

By Application:

  • Commercial Plumbing
  • Residential Plumbing
  • Gardening
  • Manufacturing
    • Food & Beverages
    • Chemicals
    • Pharmaceuticals
    • Others
  • Cryogenics & Air Separation Plants
  • Energy
  • Marine Engines & Equipment
  • Diving Device
  • Vehicles
  • Heavy Duty Trucks
    • Off Road Construction & Earth Moving Equipment
    • Industrial Forklifts
    • Agricultural Vehicles
    • Mining Vehicles
    • Fuel Tankers
  • Water Tankers

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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Large Synchronous Motor Market is Projected to Register a Strong 5.5% CAGR from 2023 to 2033, Get Insights

In 2022, the global large synchronous motor market is expected to be worth US$ 6.5 billion. The industry is expanding as companies offer technologically advanced large synchronous motors with high-power and high-speed compressors. The market is expected to be worth US$ 11.4 billion in 2033, with a 5.5% CAGR from 2023 to 2033. In 2023, the market is expected to generate $6.7 billion.

The market is expected to witness significant growth during the forecast period owing to the high demand for low energy consumption is met by a large synchronous motor. The large synchronous motor has high precision at a constant speed. Thus large synchronous motors are widely used in the industrial sector.

The exponential boost in demand for highly efficient machine control motors is the key factor encouraging the market growth for large synchronous motors globally. The large synchronous motors are used in various industries for different applications like mining, and water treatment. Separation unit & other.

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Key Takeaways from the Market Study

  • From 2018 to 2022, the market demand expanded at a CAGR of 4.3%
  • Based on the application, the compressor segment to accumulate a market share of 42.5% in 2023
  • By rated power, the 25 to 40 MW segment dominates the market with a share of 34%
  • North America to emerge as a promising market, capturing nearly 37% of the global market share in 2023
  • Asia Pacific to be an opportunistic market, expected to capture a CAGR of 5.4% during the forecast period.

Competitive Landscape

Prominent players in the large synchronous motors market are ABB, General Electric, WEG, Siemens AG, VEM Group, and Hyundai Electric & Energy System Co Ltd, among others.

Leading players operating in the global large synchronous motor market are focusing on intensive research and development for launching innovative products and services in the market.

Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

The market players are also emphasizing offering large synchronous motor with high reliability and high performance. The market is benefiting from partnerships with a high focus on innovation.

  • Toshiba Mitsubishi-Electric Industrial Systems Corporation announced that together with Mitsubishi Electric Corporation they have developed an electrical motor-design support system incorporating Mitsubishi Electric’s Maisart®* AI technology to dramatically shorten the time required to produce electrical motor designs that achieve the same performance as conventional design methods deployed manually by skilled engineers.
  • Siemens smart infrastructure added four new devices to its portfolio of Simatic ET 200 SP motor starters, which are used to start electric drivers with power output from 0.1 to 0.4 ampere

Know More about What the Large Synchronous Motor Market Report Covers

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

To understand opportunities in the large synchronous motor market, the market is segmented based on rated power, end-use, and application across five major regions.

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Key Segments Covered in the Large Synchronous Motor Industry Analysis

By Rated Power:

  • 25 to 40 MW
  • 40 to 60 MW
  • 60 to 80 MW

By Application:

  • Compressor
  • Pump
  • Fans
  • Extruder
  • Mixers
  • Conveyors or Belts
  • Others

By End User:

  • Oil & Gas
  • Metal & Mining
  • Paper & Pulp
  • Chemicals & Petrochemicals
  • Automotive
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • 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.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Water Electrolysis Machine Market is projected to register significant growth at a CAGR of 7.3% by 2033, FMI Study

This research report provides analysis and insights that are expected to be present through 2033, as well as their effects on market participants. The global water electrolysis machine market is expected to be worth US$ 25.5 billion by 2033.

The global demand for water electrolysis machines is expected to grow at a 7.3% annual rate between 2023 and 2033. According to FMI’s global water electrolysis systems market analysis report, the market will be worth US$ 12.6 billion in 2023.

Hydrogen from renewable energy sources can be produced by water electrolysis systems at minimal cost for use in different end-user industries and sectors. Moreover, research in the optimization of deconstructing oil-in-water emulsions in terms of metal pollutants and soluble solids is also driving the market further.

As international and national organizations are encouraging the development of hydrogen fuel, it is expected to positively impact demand in long term. Transitions toward sustainable and green technology increased regulatory emphasis on environmental protection and expanded government support in this sector.

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Conventionally, chemical industries, such as oil & petroleum, fertilizers, etc. are the prominent consumers or end users of water electrolysis devices. Growing investment in these sectors and research and development activities are all expected to drive the demand for water electrolysis machines in the chemical industry.

Key Takeaways from the Water Electrolysis Machine Market Study Report

  • The United States caters to nearly one-fifth of the total revenue generated by the water electrolysis equipment market globally. In the previous year, 2022, the United States water electrolysis machine market reached an overall valuation of US$ 2,260 million.
  • Japan is the second top-performing region in the production and supply of water electrolysis systems to industries around the globe. The market in Japan contributes to around 7.3% of the total revenue generated globally.
  • Meanwhile, China and India are the two rapidly emerging countries in the manufacturing of industrial water electrolysis machines in the Asia Pacific. Over the next ten years, China and India are projected to register a CAGR of 9.2% and 8.7% respectively.
  • In Europe, industrialized nations such as Germany and the United Kingdom are the forerunners in the sales of water electrolysis machines. Germany holds a share of 4.2% of the global water electrolysis machine market while the market in the United Kingdom market is progressing at 6.7%.
  • Based on product type, the alkaline water electrolysis machines market segment dominates by acquiring 43.2% of the revenue.

Competitive Landscape

Siemens Gamesa, Thyssenkrupp Uhde Chlorine Engineers, Nel ASA, Asahi Kasei Corporation, Enagic International Inc., HyGear BV, Eneco Holdings Inc., Hydrogenics Corporation, ITM Power Plc, Peak Scientific, Teledyne Technologies Inc., and Toshiba Energy Systems & Solutions Corporation among others are some key players in the global water electrolysis machine market.

Emphasis on research and product development is anticipated to assist market participants in leveraging growth prospects beyond their regional boundaries. In addition, the market expansion is predicted to be fueled by the low costs of manufacturing to produce water electrolysis machines with advanced technologies.

Recent Developments

Cummins Inc. has agreed to purchase a 2.5 MW electrolyzer as part of a supply agreement with Hysetco in April 2022. It is Hysetco’s long-term plan to construct and run the first massive hydrogen mobility platform in the world that combines hydrogen generation, distribution, and consumption.

Thyssenkrupp Nucera and Shell have contracted for a massive Hydrogen Holland I project near Rotterdam in January 2022. This 200-megawatt electrolysis plant was designed, bought, and built as part of this transaction.

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Segments Covered

Water Electrolysis Machine Industry by Type:

  • Proton Exchange Membranes
  • Alkaline Water Electrolysis
  • Others

Water Electrolysis Machine Industry by Input Power:

  • Below 5 MW Water Electrolysis Machines
  • 5 MW to 10 MW Water Electrolysis Machines
  • Above 10 MW Water Electrolysis Machines

Water Electrolysis Machine Industry by Hydrogen Production Capacity:

  • Below 500 L/Hr Capacity
  • 500 L/Hr to 2000 L/Hr Capacity
  • Above 2000 L/Hr Capacity

Water Electrolysis Machine Industry by End-use Industry:

  • Water Electrolysis Machine for Chemical Industry
  • Water Electrolysis Machine for Petroleum Industry
  • Water Electrolysis Machine for Pharmaceuticals Industry
  • Water Electrolysis Machine for Power Plants
  • Water Electrolysis Machine for Electronics & Semiconductors Industry
  • Water Electrolysis Machine for Steel Plants
  • Water Electrolysis Machine for Others

Water Electrolysis Machine Industry by Regional Markets:

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

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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 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. 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

  1. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033

4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022

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

  1. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Type, 2018 to 2022

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

5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022

5.5. Absolute $ Opportunity Analysis By Type, 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:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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Domestic Booster Pumps Market is Expected to Reach a Strong Valuation of US$ 5,732.3 Million during Forecast 2023 to 2033 | Get Customized Reports

The adoption of domestic booster pumps is expected to increase at a CAGR of 7.2% during the forecast period. The domestic booster pumps market is anticipated to rise from US$ 2,860.1 million in 2023 to US$ 5,732.3 million in 2033. Various trends influencing the domestic booster pumps market include:

  • Global population growth is causing a surge in residential construction, as well as an increase in water demand. Furthermore, an increase in urbanization and changes in lifestyles are driving the demand for domestic booster pumps.
  • The expansion of the construction industry has resulted in high demand for efficient pumping solutions. Consumers are switching from traditional pumps to booster pumps in order to make operation and monitoring easier.
  • The increase in research and development activities for the advancement of pump systems to save energy is driving market growth. Manufacturers are improving their production capabilities to meet the needs of users by developing plug-and-play booster pumps.

Despite the COVID-19 outbreak, which has resulted in the loss of essential services, domestic booster pump companies are still addressing emergencies to meet customer demands.

Furthermore, research and development are taking on the responsibility of a crisis that necessitates a predetermined time for the collection of goods. Domestic booster pumps have a small environmental footprint and require little maintenance, which is anticipated to drive market growth over the forecast period.

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Key Takeaways from Domestic Booster Pump Market Study

  • Pumps with power ratings in this range are ideal for medium-sized buildings, so the 50-150 W segment is most likely to capture nearly one-third of global value.
  • The growing commercialization and rapid development of high towers and skyscrapers have led the 1 bar segment to account for more than 2/5th of market value.
  • Domestic booster pumps are commonly used in gardening sprinklers and pipes, accounting for roughly one-fifth of the total market value.
  • Asia Pacific is one of the lucrative regions with a market share of 47%. The main driver of market expansion is projected to be the increased need for water management as a result of the rising population and rapid urbanization in nations like India, China, Indonesia, and Malaysia.
  • The domestic booster pump market in the United States is expected to capture 16.2% of the market share by 2033 due to its mature construction industries.
  • China is thriving at a CAGR of 8.6% from 2023 to 2033 due to its huge population base and highly fragmented residential sectors.

Competitive Landscape

Domestic booster pump vendors are investing in new product research and development and launching new, innovative domestic water pressure booster pumps to expand their market presence globally. The marketplace is highly competitive as a result of increased global competition, as the market is leading to lower technological costs.

Latest Developments

Grundfos, a leading name in advanced pump technology, announced the release of a new water pressure booster pump for residential use in August 2021. SCALA1 has a high-efficiency motor and is an energy-efficient solution for pressure boosting in residential settings.

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Key Segments Covered in the Domestic Booster Pumps Market Report

Domestic Booster Pumps Market by Rated Power:

  • 10 – 50 W Domestic Booster Pumps
  • 50 – 150 W Domestic Booster Pumps
  • 150 – 300 W Domestic Booster Pumps
  • Above 300 W Domestic Booster Pumps

Domestic Booster Pumps Market by Water Pressure:

  • 0.5 Bar Domestic Booster Pumps
  • 1 Bar Domestic Booster Pumps
  • Above 1 Bar Domestic Booster Pumps

Domestic Booster Pumps Market by Application:

  • Domestic Booster Pumps for Kitchens
  • Domestic Booster Pumps for Bathrooms
  • Domestic Booster Pumps for Water Heater Units
  • Domestic Booster Pumps for Gardening Sprinklers & Pipes

Domestic Booster Pumps Market by Sales Channel:

  • Online Sales of Domestic Booster Pumps
  • Offline Sales of Domestic Booster Pumps

Region:

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

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
For Sales Enquiries: sales@futuremarketinsights.com
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