Vulvodynia Treatment Market is currently valued at US$ 5.6 Bn, and is projected to top US$ 8 Billion by 2028 | FMI

[246 Pages Report] Revenue from the global Vulvodynia Treatment Market is currently valued at US$ 5.6 Bn, and is projected to top US$ 8 Bn by 2028, increasing at an impressive CAGR of 6.3% over the period of 2022 to 2028.

Future Market Insights (FMI) has published a new research report on vulvodynia treatment market. The report has been titled, “Vulvodynia Treatment Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028.”  The report states that a recent Harvard study showed that there are approximately 6 million American women who are suffering from vulvodynia. Over 60% of patients’ report of visiting three or more health care providers for diagnosis and an astonishing 40% of patients remain undiagnosed.

This study also reported that 40% of women with painful symptoms did not even seek medical care. Associations such as the National Vulvodynia Association (NVA) are playing a vital role in spreading awareness regarding Vulvodynia treatment. The NVA announced the launch of “Indivisible: Breaking the Silence”, a campaign empowering women with vulvodynia to break their silence and improve the path to diagnosis and treatment.

vulvodynia treatment market

In order to cater to the need of the growing number of patients, companies are looking out for treatments and drugs that can subside the pain related to vulvodynia. Towards this, they are investing in research and development and mergers and acquisitions. For instance, in January 2016, Merck & Co. Inc., acquired IOmet Pharma Ltd., a privately held U.K.-based drug discovery company focused on the development of innovative medicines for the treatment of cancer. The other leading companies operating in the market are Eli Lilly and Company, AstraZeneca Plc., GlaxoSmithKline Plc., Pfizer Inc., Johnson & Johnson Services, Inc., and Allergan plc, among others.

According to the report, the global vulvodynia treatment market is expected to register a CAGR of 6.1% over the forecast period of 2022 and 2028. The market was worth US$ 4,261.2 Mn in 2021 and is expected to rise to a valuation of US$ 8,091.6 Mn by the end of 2028.

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Growing Adoption to Augur Well for Global Market Revenue Growth

The swelling number of patients suffering from vulvodynia and harsh nature of chronic vulvar pain have led to the adoption of early diagnosis and treatment. The adequate results of medical treatments such as drugs, injections and creams have increased the preference for medication to treat vulvodynia. Furthermore, increasing adoption of medicinal treatments of vulvodynia has resulted in an increase in the sales of hormones, local anesthetics, and antidepressants. Additionally, promising compensation policies in most of the developed countries are also expected to act as a value driver to the growth of the global vulvodynia treatment market. On the other hand, the growing prevalence of the vulvodynia disease among women across the globe is a core factor that is pushing the growth of the vulvodynia treatment market. Vulvodynia is a very common disease in the United States and across the globe. Nevertheless, the ailment remains underdiagnosed or in some cases also incompetently treated.

Lethargic Research and Development for Vulvodynia Treatment Drugs to Slow Down Market Growth

Owing to the absenteeism of detailed information by patients, ignorance of the cause of vulvar pain, and satisfactory results of anticonvulsants and tricyclic antidepressants, researchers are unable to unveil the exact cause of vulvodynia and thereby the R&D on vulvodynia drugs is limited. After anticonvulsants and tricyclic antidepressants, only serotonin and norepinephrine reuptake inhibitors (SNRIs) drugs have showed positive results. Furthermore, if observed, the research and development for vulvodynia treatment is also in a very sluggish phase.

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Key Segments of Vulvodynia Treatment Industry Survey Vulvodynia Treatment Market
by Drug Class: 

  • Local Anesthetics
  • Anticonvulsant
  • Tricyclic Antidepressants
  • Hormones
  • Serotonin-norepinephrine Reuptake Inhibitors (SNRIs)
  • Nerve Blocks
  • Others

 Vulvodynia Treatment Market by Mode of Application:

  • Oral Vulvodynia Treatment
  • Topical Vulvodynia Treatment
  • Injection Vulvodynia Treatment

 Vulvodynia Treatment Market by Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Store
  • Online Pharmacies

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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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3D Printed Medical Devices Market is anticipated to cross a value of US$ 3.6 billion by 2033

During the anticipated period, the market for 3D printed medical devices is anticipated to grow at a strong CAGR of 16.3%. The market is expected to reach a value of US$ 3.6 billion by 2033, up from its current share of US$ 799.8 million in 2023.

[322 Pages Report] Currently heading towards a market value of over US$ 440 Mn, the global market for 3D printed medical devices is projected for stupendous growth at 16% CAGR during 2022- 2029. North America will remain the leading market for 3D printed medical device sales, whereas the market attractiveness of Asia Pacific has been rising notably.

The market growth is primarily assisted by advancements in 3D printing technology, surging government spending in healthcare sector, increasing usage of 3D printed medical devices for medical procedures, and relative simplification of the manufacturing process of 3D printed medical devices. Introduction of Computer-aided Design (CAD) for 3D printing can create trail ready devices, thereby reducing manufacturing time, time to market as well as operational cost.

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Key Takeaways – 3D Printed Medical Devices Market Study

  • Although metals and alloys are most preferably used for 3D printed medical devices, biomaterial inks are expected to gain traction during the forecast period owing to their highly biocompatible and versatile physical properties.
  • PolyJet – InkJet 3D printing technology currently holds maximum share of 3D printed medical devices market. However, consistent development and adoption of innovative technologies may reduce the 3D printed medical devices market share of this technology during the forecast period.
  • Use of 3D printing technology in orthopedic implants is shaping the future of 3D printed medical devices market. It currently accounts for nearly half of the market value.
  • The consistently expanding patient pool and growing preference for personalized implants in joint replacement surgeries will remain key boosters to growth of 3D printed medical devices demand in orthopedics.

Asia Pacific has become the global hub of opportunities, and the leaders in 3D printed medical devices landscape have been eying the opportunity here – owing to the massive application scope, remarkably growing patient population, and relatively less manufacturing costs.

Who Is Winning?

Until late 2016, the key focus of most leading players in the 3d printed medical equipment market was geographic expansion through acquisition and merger. In May 2016, Johnson & Johnson announced collaboration with a subsidiary of HP Inc. for manufacturing personalized healthcare solutions at reduced costs through 3D printing techniques. J&J collaborated with Organovo to carry out feasibility study on bio printed human tissue for testing new medications to work with Carbon 3D, famous for ultra-fast Continuous Liquid Interface Production (CLIP) technology for production of custom surgical devices.

The focuse is now gradually shifting towards expansion through strategic partnerships to improve their distribution network. For instance, in 2017, Envision partnered with ScanSource, Inc. to deliver 3D printing solutions to resellers in the Americas. Similarly, in 2018, 3D Systems and Stryker announced distribution partnership for VSP (Virtual Surgical Planning) and anatomical models for carniomaxillofacial specialty.

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Learn More About Report Inclusions

Future market insights offers a unique perspective and actionable insights on 3D printed medical devices market in its latest study, presenting historical demand assessment from 2014 – 2021 and projections from 2022 – 2029 based on application (orthopedic implants, dental implants, carnio-maxillofacial Implant), material type (metals and alloys, biomaterial inks and plastics) technology (stereolithography (SLA) – liquid-based 3D printing, selective layer sintering (SLS) – powder-based 3d printing, digital light processing(DLP), fused deposition modelling (FDM)-plastic filament extrusion-based, polyjet – inkjet 3D printing, electronic beam melting (EBM) ) end user (hospitals, ambulatory surgical centers, diagnostic centers) in seven key regions.

Key Market Segments Covered in 3D Printed Medical Devices Industry Research By Application : 

  • Orthopaedic Implants
  • Dental Implants
  • Cranio-maxillofacial Implants
  • Internal and External Prostheses

By Technology :

  • Stereolithography (SLA) – Liquid Based 3D Printing
  • Selective Layer Sintering (SLS) – Powder Based 3D Printing
  • Digital Light Processing(DLP)
  • Fused Deposition Modeling (FDM): Plastic Filament Extrusion Based
  • PolyJet / InkJet 3D Printing
  • Electronic Beam Melting (EBM)

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By Distribution Channel :

  • Hospitals
  • Ambulatory Surgical Centers
  • Diagnostic Centers

By Material :

  • Plastics
    • Thermoplastics
    • Photopolymers
  • Biomaterial Inks
    • Polymers
    • Ceramics
    • Hydrogels
  • Metals and Alloys

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.

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HVAC Software Market is Projected to Reach US$ 1.5 Billion by 2032 | Future Market Insights, Inc.

The Global Help Desk HVAC Software Market was valued at US$ 624.7 Million in 2021 and is expected to reach US$ 1.5 Billion by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report, cloud-based HVAC software will remain pivotal for the market as the bulk of revenue will be generated through this category.

Large Industries to continue being Growth Axis for HVAC Software Revenue

Large enterprises continue to be the largest end-users of HVAC software as their humongous HVAC-related operations are streamlined. Revenue through them witnessed a CAGR of 9.2% in 2015-2021 and is forecasted to register a CAGR of 8.7% during 2022-2032. Small and Medium Industries also contribute to demand due to the benefits of their scalability and returns.

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COVID-19 Pandemic Affecting the Market with Digitization Becoming the Need of the Hour

The reduction in demand and supply-side shortages in the HVAC systems market as well as the labor shortage of skilled technicians adversely affected the market. However, the optimization of existing labour is the emerging need of the hour, with companies turning to the utilization of HVAC software to meet it. Enterprises also benefit from the fact that HVAC software facilitates the collaboration of different professionals through easy access to varied data.

The US to Command the Larger Proportion of demand for HVAC Software throughout the Analysis Period

The US, which accounted for over 36% of the global HVAC Software Market in 2021 is expected to continue being a key player. This is due to the growing demand for HVAC systems after the popularity of smart and sustainable technology. The market in U.S. is estimated to account for a US$ 272.9 Mn absolute dollar opportunity between 2022 and 2032, with a CAGR of 7.7% during the forecast period.

A key component to demand is that HVAC software helps enterprises get the best possible results from technicians

HVAC software can help assign the best possible technician for a job, taking into account various factors such as geographic location, skill level, review history, and distance from the consumer. It also ensures that enterprises can monitor technicians efficiently.

“HVAC Software providers are closely working on tapping into the benefits of the growth in the HVAC systems market through the enhancement of features and integrations provided.” comments an analyst at Future Market Insights.

HVAC Software Market: Competition Insights

Competitive Landscape

At present, HVAC providers are focusing on increasing their presence and reach while developing new technologies. They are focusing on developments that will ensure further optimization of performance to increase usage in downstream applications.. The key companies operating include Codefied Inc., Dataforma Inc., Fergus Software Limited, FieldEdge, GorillaDesk

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Some of the recent development in HVAC Software are as follows: 

  • In April 2022, Daikin Comfort Technologies North America Inc. (Daikin) and XOi Technologies collaborated to provide an AR and AI curb-to-curb field services solution with the aim to improve efficiency and bottom line using XOi software and automating the workflow.
  • In January 2022, Energy Design systems launched EDS, which is a suite of solutions and services that can be used for load calculations and home energy audits.
  • In December 2021, Motili announced an integration with Yardi. This integration will mean Motili will take advantage of Yardi voyager’s web-based HVAC software solution with mobile access, integrated end-to-end capabilities, and the capacity for management of larger portfolios that will automate workflow, increase transparency and optimize the services provided.

More Insights Available

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

The study reveals extensive growth in HVAC Software Market in terms of Deployment (Cloud-based Deployment, On-Premise Deployment), Industry (Large enterprises, Small and Medium enterprises), across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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Key HVAC Segments Covered In HVAC Software Industry Survey

HVAC Software Market by Deployment:

  • Cloud-Based HVAC Software
  • Web-based HVAC Software

HVAC Software Market by Enterprise Size:

  • Large Enterprises
  • Small and Medium Enterprises

HVAC Software Market by Region:

  • North America HVAC Software Market
  • Latin America HVAC Software Market
  • Europe HVAC Software Market
  • Asia Pacific HVAC Software Market
  • Middle East & Africa HVAC Software Market

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 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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3D Sensor Market Predicted to Reach US$ 9.0 Billion, Globally by 2032 at 26.0% CAGR | Says FMI

The global 3D sensor market is expected to reach US$ 2.5 billion in 2022. The overall market is expected to grow at a CAGR of more than 26.0%, reaching around US$ 9.0 billion by 2032. The market is expected to be driven by the increasing adoption of 3D sensors across various industries such as automotive and media & entertainment.

3D sensor is an extension of existing well established sensor market. 3D sensing is considered as one of the dynamic technology which is suitable for various applications such as healthcare, automotive, consumer electronics, industrial robotics, and security & surveillance etc.

Electronics industry has strong potential for 3D sensor due to increasing acceptance of gesture applications and efficient product handling across different industrial verticals. Global 3D sensor market involves latest technologies and holds great potential in near future. The 3D sensor technology has major role in growth of semiconductor industry because of its attractive features such as cost effectiveness, greater reliability and high efficiency

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The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the 3D Sensor market in the upcoming decade.

According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the 3D Sensor market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the 3D Sensor market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on 3D Sensor Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid 3D Sensor market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the 3D Sensor market.

Market Competition

Some of the key participants present in the global 3D sensor market include Infineon Technologies AG, Cognex Corporation, LMI Technologies Inc., SOFTIKINETIC, Optima S.A., ifm Efector, Inc., Occipital, Inc., ASUSTeK Computer Inc. and Panasonic Corporation among others.

The global 3D sensors market is highly competitive in nature with leading market players constantly upgrading their product portfolios. They are aiming at developing innovative solutions that can even penetrate through sold obstacles like walls.

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3D Sensor Market: Drivers and Restraints

Global 3D sensor market is expected to witness lucrative growth during the forecast period. Factors which are driving the growth of global 3D sensor market are advancement into sensor technology due to constant R&D activity, increasing demand of 3D sensor equipped consumer electronics devices, growing consumer acceptance of wearable electronic devices, increasing demand of 3D sensing games and rising need of advanced security and surveillance camera.

On the other hand, few factors are restraining the growth of global 3D sensor market such as lack of product differentiation, heavy maintenance cost and limited manufacturing excellence. However due to various market opportunities such as developing retail and media applications and integration of nanotechnology with 3D sensors in a range of application is expected to boost the global 3D sensor market.

Key Segments Profiled in the 3D Sensor Industry Survey

Product Type:

  • Position Sensors
  • Pressure Sensors
  • Image Sensors
  • Temperature Sensors
  • Others

Technology:

  • Structured Light
  • Ultrasound
  • Stereo Vision
  • Time of Flight Technology

Application:

  • Consumer Electronic Application
  • Medical Application
  • Automotive application
  • Industrial Application
  • Media & Entertainment Application
  • Aerospace & Defence Application
  • Others

Region:

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

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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 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
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Passenger Boarding Bridge Market is Projected to Register a CAGR of 8% during Forecast 2023 to 2033, Get Insights FMI

The global passenger boarding bridge market is expected to grow at an 8% CAGR through the projected years till 2033. The net worth of all available passenger jet bridges for sale worldwide in 2023 is anticipated to be US$ 2.05 billion. According to FMI’s passenger boarding bridge market analysis report, the market valuation will reach US$ 4.43 billion by 2033.

The sales of passenger boarding bridges are growing at an accelerated rate due to the commuter’s preference for air travel these days. Moreover, air travel service providers are developing their business around luxury travel options boosting the demand for glass passenger boarding bridges. Also, the increasing demand for big aircraft and the rising number of airport projects are projected to stimulate the market further.

However, increased airport operator spending on airside infrastructure and rising security concerns may slow down the adoption of automated passenger boarding bridges. On the other hand, it is further anticipated that the sales of passenger boarding bridges may remain limited due to their prolonged life cycle by better materials.

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With the growing desire for automation at airports, the demand for boarding bridges with hydraulic elevation systems is growing over conventional ones. Airport authorities are also preferring less-pollution alternatives like boarding bridges made out of biodegradable materials to make the airports eco-friendly. Leading passenger boarding bridge manufacturers are actively focusing on these areas to increase their group of customers.

Key Takeaways from the Passenger Boarding Bridge Market Study Report

  • The United States is anticipated to remain the leading country across the global boarding bridge market through 2023 & beyond.
  • Regionally, Europe, with a higher percentage of air traffic, is expected to be a lucrative market for the manufacturers followed by North America. Europe’s passenger boarding bridge market was assessed to have contributed more than 25% of global sales in 2022.
  • The demand for Moveable and Mobile Telescopic Passenger Boarding Bridge Increasing at a faster rate than in 2022 and preceding years.
  • Based on structure, the glass-walled passenger boarding bridges with hydraulic system is gaining higher traction.

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Competitive Landscape for the Passenger Boarding Bridge Market Players

The global market is competitive, with ThyssenKrupp, Mitsubishi Heavy Industries, ShinMaywa Industries, ADELTE Group, and FMT Sweden being the top market participants. They are trying to get a footing in the regional markets through strategic collaborations and acquisitions besides setting up local fabrication and assembly facilities.

Leading passenger boarding bridge manufacturers are investing in innovation and automation to stay ahead in the global market turning competitive. Besides this, extensive research and development activities and public investments are expected to create growth opportunities for new market players.

Recent Developments by the Passenger Boarding Bridge Manufacturing Industries

In order to operate autonomous jet bridges in the Netherlands, China International Marine Containers Co. Ltd. obtained a contract in September 2020. Three cruise ports in the United States contracted ADELTE Group in March 2019 to provide six seaport passenger boarding bridges.

An Airport in Spain ordered 42 new boarding bridges in August 2019 that were to be installed by Thyssenkrupp under a contract. The upkeep and maintenance of 122 airplane jet bridges and the renovation of an additional 10 were also included in the deal. Both parties are expected to benefit from establishing this long-term commercial partnership as a result.

Recent Developments by the Passenger Boarding Bridge Manufacturing Industries

In order to operate autonomous jet bridges in the Netherlands, China International Marine Containers Co. Ltd. obtained a contract in September 2020. Three cruise ports in the United States contracted ADELTE Group in March 2019 to provide six seaport passenger boarding bridges.

An Airport in Spain ordered 42 new boarding bridges in August 2019 that were to be installed by Thyssenkrupp under a contract. The upkeep and maintenance of 122 airplane jet bridges and the renovation of an additional 10 were also included in the deal. Both parties are expected to benefit from establishing this long-term commercial partnership as a result.

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Segments Covered by Passenger Boarding Bridge Industry Study Report

By Model Type:

  • Telescopic Bridges
  • Apron Drive Bridge
  • Dual Boarding Bridge System
  • Commuter Bridge
  • Over-the-wing Bridge
  • Nose-loader Bridge
  • T-Bridges

By Structure:

  • Steel-walled Boarding Bridge
  • Glass-walled Boarding Bridge
  • Glass-steel-walled Boarding Bridge

By Foundation:

  • Fixed Boarding Bridge
  • Movable Boarding Bridge

By Tunnel Type:

  • Air-conditioned Tunnel
  • Non Air-conditioned Tunnel

By Docking Type:

  • Manual Docking System
  • Intelligent Docking System

By Drive or Elevation System:

  • Hydraulic System
  • Electro-Mechanical System

By Region:

  • North America
  • Latin America

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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System on Module Market to Surpass a Valuation of US$ 4.65 Billion during Forecast 2023 to 2033 | Get Customized Reports

The system on modules market is expected to be worth US$ 1.15 billion in 2023, rising to US$ 4.65 billion by 2033. The market is expected to grow at a CAGR of 15% during the forecast period.

Urbanization, digitization, online presence, and the adoption of advanced Artificial Intelligence technology are driving the growing demand for system on module. Improving the performance of consumer electronics such as smartphones, laptops, tablets, and computers is propelling the market forward. Electronic manufacturers design a chipboard in the system to perform specific tasks, increasing the demand for system on module.

The advancement of 5G, the Internet of Things, and other advanced technologies drives market growth. Several end-use industries are increasing their use of system on module, including transportation, medicine, industrial automation, and entertainment. The growing demand for high accuracy, advanced memory, and a low risk of system errors is driving the adoption of system on module.

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The market opportunities are flourishing for automobile manufacturers developing advanced autonomous vehicles with machine learning and sensor technologies. Growing demand for embedded systems and cloud-based technologies are increasing the sales of system on module. Wearable and wireless device innovation, such as smartwatches, is fueling market growth. The use of industrial robots and machine learning technology expands the market.

Key Takeaways:

  • The system on module market is expected to have a valuation of US$ 4.65 billion by 2033.
  • With a CAGR of 15%, the global market is expected to increase from 2023 to 2033.
  • The United States system on module market is anticipated to secure a maximum share through 2033.
  • In the historical period, the market secured a CAGR of 14.1% between 2017 and 2022.
  • In the historical period, the market captured US$ 1.01 billion between 2017 and 2022.

Who is Winning?

The prominent vendors are the leading players in the market that invest a vast amount in acquiring maximum profits. These focus on consumers’ expectations and developing better innovative products that satisfy their requirements. The players are adopting several marketing tactics with advanced technologies to achieve their goals in the global market.

Marketers are developing several advanced devices for end-use industries to reduce workloads and labor work. They are expanding their business to another height through their marketing skills, ideas, and research & development activities. These marketing tactics are mergers, product launches, acquisitions, partnerships, and collaborations.

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Other Prominent Players in the Market are:

  • Advantech Co Ltd.
  • ConnetTech Inc.
  • AAEON Technology
  • Avnet Inc.
  • EMAC Inc.
  • Avalue Technology
  • Axiomtek Co. Ltd.
  • Eurotech Inc.
  • National Instruments
  • SECO S.P.A.
  • VIV Technologies Inc.
  • Kontron ST & G
  • Phytec
  • Microchip Technology
  • Emac Inc.
  • Unex Technology
  • Digi International Inc.
  • Variscite

Recent Developments in the Market are:

  • In October 2021, Seco announced its acquisition with Garz and Fricke Group to expand its strength in the European market.
  • In September 2021, TechNexion announced its partnership with Emteria for developing and uplifting embedded products on the Android operating system.
  • In 2022, SiFive partnered with BrainChip to design optimized chips with machine learning and Artificial Intelligence technologies for computing edge.
  • In 2020, e2-s and SoMLabs collaborated on custom design products based on SOMs.

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Market by Category

By Product:

  • Power Architecture
  • ARM Architecture
  • x86 Architecture

By Application:

  • Medical
  • Transportation
  • Industrial Automation
  • Entertainment
  • Test & Measures

By Standard:

  • SMARC
  • Qseven
  • COMExpress

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia & Pacific
  • East Asia
  • 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, 
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Power Quality Equipment Market to Expand at a Steady 6.25% CAGR by 2033: Analysis of Key Trends, Drivers & Challenges

The market for power quality equipment is expected to be worth US$ 38.04 billion in 2023 and US$ 69.65 billion by 2033. During the forecast period, sales of power-quality equipment are expected to grow at a CAGR of 6.25%.

A significant factor driving the expansion of the manufacturing sector is an increase in demand for continuous power supply to equipment used in process and manufacturing industries. Any flaw or interruption may cause significant losses due to lost manufacturing time.

The widespread acceptance of power quality equipment in the industrial and manufacturing sectors, as a result of the continued expansion of transmission, distribution, and renewable integration, is one of the major factors driving the global market for power quality equipment forward.

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Depending on the type of issue, the rating, and the electromechanical performance characteristics of the industrial equipment, the costs of power quality problems and remedies may vary dramatically. To cut downtime costs, remove inefficiencies, and protect expensive equipment from faults caused by power disruptions, it is crucial to use power-quality equipment.

Poor power quality is projected to have a major negative impact on industrial and manufacturing processes during the forecast period. Different industrial processes need varying degrees of power quality, and each has particular requirements for particular power quality elements. For industrial end users, cost-sensitive components of power quality include equipment failure, equipment downtime, product quality, and clean-up expenses.

Due to load balancing’s ability to stop electrical equipment from tripping, the market for technology that improves power quality has enticing growth potential. In addition, the food and beverage industry has grown considerably in recent years.

Key Takeaway

  • Due to the increasing digitalization of the broadcast communications industry, the United States is anticipated to dominate the global market for power quality equipment.
  • One of the main end-users of power quality equipment in Europe is the fast-growing industrial and manufacturing sector, followed by the telecom industry and the commercial sector.
  • The industrial and manufacturing segment is predicted to have the largest market size between 2023 and 2033.
  • With a CAGR of 4.5% from 2023 to 2033, the telecoms sector is predicted to grow at the highest rate in the global market for power quality equipment.
  • From 2023 to 2033, Asia Pacific is expected to invest US$ 9.8 Bn in building smart framework foundations.
  • From 2023 to 2033, the market for power quality equipment in China is anticipated to expand at a CAGR of 8.5%.
  • From 2023 to 2033, it is predicted that Asia Pacific will invest US$ 10.7 Bn in the construction of smart grid systems.
  • In 2021, the three-phase segment held the highest revenue share 74%.

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What are the Major Players in the Market for Power Quality Equipment Doing?

The industrial sector including mining, manufacturing, agriculture, and construction, has the highest energy consumption per end-use sector. The requirement for a constant and dependable power supply in various industries, particularly industrial facilities, is expected to expand, which would lead to an increase in the need for power quality equipment.

The food and beverage business has been completely saturated in recent years. Due to the growing urban population, rising health concerns, and general government activities, interest in packaged food varieties and handled dairy products has surged.

Toshiba Corporation, General Electric Company, ABB Ltd., Schneider Electric, Emerson Electric Company, Siemens AG, Eaton Corporation Plc., MTE Corporation, Active Power Inc., Smith’s Group plc. are some of the key players proliferating in the market.

Recent Developments in the Power Quality Equipment Industry:

  • In May 2021, ESB awarded Siemens Energy three contracts to provide its Static Compensator technology (SVC Plus) for the management of grid stability at three substations in South-West Ireland.
  • In March 2020, the Schaffner company unveiled its Ecosine Max series of passive harmonic filters. These harmonic filters provide compliance with IEEE-519 and other international power quality standards.
  • To diversify its line of edge computing and distributed IT products, Eaton acquired Tripp Lite in January 2021. Tripp Lite is a provider of connectivity and power quality solutions.

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Key Market Segmentation

By Type:

  • Surge Arrester
  • Surge protection devices
  • Harmonic filters
  • Power conditioning units
  • Power distribution units
  • Voltage regulators
  • Uninterruptable power supplies
  • Synchronous condensers
  • Digital static transfer switches,
  • Static VAR compensators
  • Solid oxide fuel cells
  • Isolation transformers
  • Power quality meters

By Application:

  • Industrial & Manufacturing
  • Commercial
  • Residential
  • Transportation
  • Utilities

By Phase:

  • Single Phase
  • Three Phase

By End User:

  • Telecommunications
  • Automotive & Industrial
  • Electrical & Electronics
  • Energy & Utilities
  • Others

About Us

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

Contact:

Future Market Insights Inc.   
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Suite 401, Newark, 
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For Sales Enquiries: sales@futuremarketinsights.com
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3D NAND Flash Memory Market is Growing at an Exponential CAGR of 17.4 % from 2022 to 2032 | Report by FMI

The global 3D NAND flash memory market is expected to exceed US$ 20.6 billion by the end of 2022 . Sales of 3D NAND flash memory are expected to generate an incremental opportunity of US$ 86 billion by 2032, growing at an exponential CAGR of 17.4 % between 2022 and 2032. The market is expanding due to increased demand for data storage devices with large storage capacities in the electronic sector.

Future Market Insights has recently published a market research report on Global 3D NAND Flash Memory market. The study presents a detailed analysis on the historical data, current and future market scenario for the 3D NAND Flash Memory market.

A non-volatile data storage method known as 3D NAND flash memory employs many layers of memory cells layered three-dimensionally. Memory cells are shifted to a three-dimensional structure in order to significantly increase density by stacking cells either vertically or horizontally on top of one another to conduct charge through NAND strings.

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The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period.

Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the 3D NAND Flash Memory market in the upcoming decade.

According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the 3D NAND Flash Memory market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the 3D NAND Flash Memory market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on 3D NAND Flash Memory Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid 3D NAND Flash Memory market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the 3D NAND Flash Memory market.

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3D NAND Flash Memory Market : Competitive Analysis

The FMI’s 3D NAND Flash Memory market report provides a detailed analysis of prominent players as well as emerging companies operating in the 3D NAND Flash Memory market. Some of the key players are:

  • Samsung Electronics Co. Ltd
  • Micron Technology Inc.
  • Toshiba Corp.
  • SK Hynix Inc
  • SanDisk Corp.
  • Apple Inc.

With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.

Key Segments Profiled in the 3D NAND Flash Memory Market Survey

By Type:

  • Single-Level Cell
  • Multi-Level Cell
  • Triple-Level Cell

By Application:

  • Camera
  • Laptops & PCs
  • Smartphones & Tablets
  • Others

By End User:

  • Automotive
  • Consumer Electronics
  • Enterprise
  • Healthcare
  • Others

By Region:

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

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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 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
Browse Other Reports: https://www.futuremarketinsights.com/reports
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Aseptic Processing Market is expected to boost 6.7% CAGR during Forecast 2023 to 2033, Get Customized Reports

Over the forecast period, the global aseptic processing market is expected to grow at a moderate rate of 6.13%. In 2023, the aseptic processing market is expected to be worth US$ 95.63 billion. Demand for aseptic processing is expected to reach US$ 173.37 billion by 2033.

One of the main factors driving the global aseptic processing market is the constantly expanding food and beverage sector, which is driven by rising demand for dairy and other ready-to-drink beverages globally.

Due to factors such as rising urbanization, increased discretionary spending, and the emergence of new economies, the global aseptic processing market is expected to grow significantly during the forecast period.

Furthermore, the growing demand for innovative biotechnology-based injectable pharmaceuticals is driving rapid expansion in the pharmaceutical industry, which in turn is expected to unleash a wave of unprecedented freedom for the global aseptic processing hardware market. Demand for aseptic processing equipment is also driven by technological advancements in sterile pharmaceutical production.

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However, the market is hindered by the ever-changing costs of packaging materials such as polymer, board, paper, glass, aluminum, and steel. In contrast, opportunities in developing countries emerging markets and the expected gradual increase in global e-commerce sales during the forecast period are seen as growth factors for the aseptic processing market.

Key Takeaways

  • The United States, Canada, Japan, China, and Europe are the primary contributors to the 4.2% CAGR forecast for the worldwide Bottles & Cans market.
  • At the end of the forecast period, the sum of these regional markets, which accounted for $5.9 Bn in 2022, is expected to rise to US$7.9 Bn.
  • The Chinese market is likely to continue to be one of the fastest expanding in this group of regional economies.
  • Market size in Asia-Pacific is expected to reach US$15.1 Bn by 2033, driven by nations like Australia, India, and South Korea, while growth in Latin America is anticipated to reach 5.6% CAGR during 2018-2033.

Competitive Landscape

The aseptic processing industry is a crowded one, with many formidable competitors. In 2023, a small group of corporations is expected to control most of the sales of aseptic processing. These industry frontrunners have already established a solid foundation and are now focusing on expanding their global clientele.

These companies are attempting to increase their customer base and profits by working together. Some major companies in the market are buying up aseptic processing startups to expand their research and development.

Recent Developments

  • Tetra Pak and Poka, a worker platform provider based in Canada, have begun working together strategically as of October 2021. According to Tetra Pak, this is expected to give factory workers the knowledge and experience to speed up the process of going waste-free in the food production industry. As part of a new training and support package, this is Tetra Pak’s first globally scaled connected workforce offering.
  • In September of 2021, Saputo, Inc. purchased Carolina Aseptic and Carolina Dairy. Based in Troy, North Carolina, Carolina Aseptic is committed to creating, producing, packing, and dispersing aseptic shelf-stable food items and beverages. Meanwhile in Biscoe, North Carolina, Carolina Dairy products, packages, and distributes spouted packets of chilled yogurt. Saputo would be better able to meet the rising demand for aseptic dairy-based nutritional snacks after acquiring both companies.
  • Packaging companies like Nestle are working with SIG to find more environmentally friendly alternatives by May 2020. This fits well with Nestle’s objective to reduce plastic waste. Sustainable packaging materials research received CHF 5 million from the corporations, Logitech, and other industry partners for 10 years, starting in May 2020.

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Key Segments in the Aseptic Processing Market

By Type:

  • Processing
  • Packaging

By Application:

  • Food & Beverages
  • Industrial

By Material:

  • Paper & Paperboard
  • Plastics
  • Metal
  • Glass

Region:

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

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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Power Transformer Market Outlook, New Business Opportunity & Demand Analysis by 2031| Get Customized Reports

The power transformer market exhibited year-on-year growth of 4% in 2021, backed by increasing efforts towards incorporating modern energy solutions in existing power system and high demand of efficient and reliable power supply. Future Market Insights (FMI) states that, power transformer market revenue grew by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 with a healthy CAGR of 4.6%.

Power transformers are integral components within power grids as they assist in power transmission between networks without change in frequency and minimum loss. Increasing investments towards expansion of power grid networks and distribution channels to enable electricity access in remote areas will fuel the demand for power transformers in the forthcoming years.

Focus on upgrading the existing power grid network with modern energy technology for flexible, secure, efficient, and reliable supply of power will emerge as a chief growth driver.

Transformers are critical component in power transmission system as their main function is to receive power with low voltage and transmit it across various distribution channels in power grid. Increasing demand for electricity, increasing investment to expand transmission and distribution network will drive the power transformer market growth in upcoming years.

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For instance, as of 2021 Adani power has around 5 ongoing power projects with capacity ranging from 1300 MW to 2700 MW in Indian states of Rajasthan, Madhya Pradesh, Gujarat, Karnataka, and Jharkhand. Rise in number of new power projects in developing countries will boost the market sales over the forecast period.

Rising urgency to replace the aging power infrastructure with smart grid system along with increasing penetration of renewable energy and development of interconnected grid infrastructure are key growth drivers in developed economies.

Future prospects look promising for power transformer market due to thriving construction and mining industries, emergence of new smart cities with modern power transmission system and adoption of green transformers.

Market players are focusing on developing power transmission systems capable of handling flow of stored and renewable energy throughout the grid system. Advancement towards designing system for efficient management of electricity transmission and distribution as a part of disaster recovery efforts along with redefining electrical grids to reduce operational costs and lead times will positively influence the market growth in the future.

Key Takeaways from FMI’s Power Transformer Market Study

  • North America power transformer market is forecast to experience growth at 3% CAGR due to rising necessity to replace old power grid networks with modern and efficient equipment and increasing supply and demand gap of electricity in U.S. and Canada.
  • Europe power transformer market is anticipated to grow at 3.2% CAGR during the forecast period. Growth uptick can be attributed to rapid electrification and increasing investment towards upgrading transmission and distribution networks in the region.
  • Growing awareness among population regarding CO2 emission, increase in consumption of electricity, and increasing efforts towards electrification of rural areas will drive the demand for power transformers in India.
  • China is expected to offer lucrative opportunities owing to increasing investment in power grid infrastructure development and booming mining and oil and gas industries in the country.
  • Japan and South Korea account for 7% of global power transformer market share in 2021. Industrialization, increasing efforts to fill the energy supply and demand gap, and imposition of energy efficient laws and standards are key growth drivers in these countries.

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“Increasing demand for upgrading traditional transmission system to sustain high voltage power transfer and incorporation of smart grids will boost the demand for power transformer in upcoming years,” says the FMI analyst.

Who is Winning?

Future Market Insights highlights the key trends emerging in the power transformer market and discusses the strategies employed by market players to strengthen their market position.

Leading market players account for 35% global market share. They are focusing on new product development like green transformers to reduce the carbon footprint and are also emphasizing on establishing production and supply operations in key high-demand demographics like South East Asia. In addition, key players have been increasing production outputs and moving manufacturing plants to developing countries to reduce lead times and operation costs.

Prominent players operating in the power transformer market are:-

  • ABB
  • General Electric
  • Siemens AG
  • Toshiba Corporation
  • Schneider Electric

For instance, in July 2021, General Electric won orders for manufacturing 45 units of 765 kV transformers from Power Grid Corporation of India Limited (PGCIL) for the new sub stations to be constructed in Rajasthan, India. The new transformers will dissipate around 8.1gigawatt (GW) of green power from the state’s solar energy zones.

In March 2021, First Philec Inc. announced to launch super green transformer by the end of 2021. First Philec Inc. is a unit of First Philippine Holdings Corp. and one of the leading manufacturers of high efficiency transformers in South East Asia region. The super green transformer will be made of recyclable and biodegradable materials.

Hitachi ABB Power Grids launched two new traction transformers, “RESIBLOC® CRail 25 kV” and “Natural Cooling Effilight® Traction Transformer” in June 2021. The latter model replaces traditional cooling module with natural airflow system. It uses a state of the art cooling system that harnesses natural air flow from the train’s motion and sends it to heat exchanger thus eliminating the need for air fans.

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Key Segments Covered In Power Transformer Market Study

By Product Type:

  • Core
  • Shell

By Insulation Type:

  • Dry
  • Wet

By Phase Type:

  • Single Phase
  • Three Phase

By End Use:

  • Residential & Commercial
  • Utilities
  • Industrial

By Voltage Type:

  • 100-200kV
  • 200-400 kV
  • Above 400 kV

By Application Type:

  • Generation Step-up
  • Transmission

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • 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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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