Electric Motor Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast by 2031: Future Market Insights, Inc.

The electric motor market is expected to create a stupendous growth opportunity, exhibiting year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. According to the FMI analysis, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units.

The global electric motor market is anticipated to rise at a stable CAGR of 5.6% between 2021 and 2031 in comparison to the above 3.8% CAGR registered during 2016-2020. The surging focus on research and development in industrial focus is gaining investments that are driving the market growth in the global sphere.

As per the estimations of the Energy Association, 40% of the total energy consumed in industries is utilized to drive electric motors. At the same time, emphasis on promoting the use of high-efficiency motors is also gaining traction.

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Key Takeaways

  • The penetration of industrial robotics and automation testing in a plethora of industry verticals in the last decade is expected to spur market growth in the global sphere. The electric categories include manufacturing, food & beverage industries, and automotive.
  • Large-scale investments in small factory automation particularly in massive production plants have been growing constantly. Owing to the surging adoption of automation and robotics technology, electric motor demand will be boosted in regard to its use in drive units.
  • The growth rate of the electric motor market is estimated to grow in proportion to that of industrial automation and robotics. The residential appliances segment is also set to auger throughout the forecast period due to the increasing demand for the electric motor market.
  • Demand for low-power capacity motors is primarily used in the consumer appliances segment. The electric motor market has been perceived as a high volume-high value market.
  • In the upcoming years, the demand for the electric motor will witness significant growth with Industrial Robotics, Energy, Residential Appliances, and Municipal Water Utilities being the key growth enablers.
  • Developed as well as developing countries are expected to portray a significant growth opportunity for the product via new units as well as replacement sales. Expansion of usage scope towards untapped end-use verticals is expected to augur the growth of electric motors on a long-term basis.

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Competitive Landscape

General Electric, Robert Bosch GmbH, Hitachi, Ltd., Nidec Corporation, WEG S.A., Siemens AG, ABB Group, Regal Beloit Corporation, Toshiba Corporation, Johnson Electric, Hyosung Corporation, Schneider Electric SE, Bonfiglioli Riduttori S.p.A., Kirloskar Electric Company Ltd., Allied Motion Technologies Inc., East West Manufacturing, LLC, Hyundai Electric Co. Ltd. are some of the key companies profiled in the full version of the report.

Companies operating in Electric Motor Market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity and address the demand of an expanding consumer pool. Manufacturers are also focusing on the expansion of their product portfolio to maintain a high customer base across the globe.

More Insights into Electric Motor Market

  • The North American region is anticipated to dominate the global electric motor market. According to a Future Market Insights study, the U.S. is expected to be the largest market in North America and reach US$ 40.4 Bn by 2031.
  • The end-use sector of the United States is highly developed which supports the electric motor market growth. The overall industrial spending grew at a stable rate of around 4.6% in 2019 and is expected to maintain its robust pace in the future as per analytical estimates.
  • The U.S. is home to the technically advanced industrial sector in the world, making it a lucrative market for electric motor manufacturers, as it exhibits high demand for robotics and automation for industrial as well as residential applications.
  • China’s market is expected to showcase lucrative growth opportunities with nearly 5.5% CAGR through the forecast period (2021-2031). China’s Industrial sector is backed by a well-developed infrastructure, and it is largely supported by the government which is why China has the most elevated level of expenditure across the globe.
  • Germany is considered to be the world’s topmost manufacturer of pharmaceuticals due to which there is a high demand for electric motors throughout the country. By 2031, it is expected to account for over 25% of electric motor sales within Europe.

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Electric Motor Market by Category

Power Output:

  • <1HP
  • 1-5HP
  • 5 – 10 HP
  • 10 -20 HP
  • 20 – 50 HP
  • 50 – 100HP
  • 100 – 300 HP
  • 300 – 500HP
  • Above 500HP

Product Type:

  • AC Motor
    • Induction Motor
    • Synchronous Motor
  • DC Motor
    • Brushed DC
    • Brushless DC

By Application:

  • Pumps
  • Fans
  • Drives
  • Compressor
  • General Machinery
  • Centrifugal Machinery
  • Grinders
  • Extruders
  • Robotics
  • Others

By End Use:

  • Industrial
    • Oil & Gas
    • Power Generation
    • Mining
    • Food & Beverages
    • Pulp & Paper
    • Chemicals
    • Air Separation Plant
    • Other Manufacturing
  • Residential
  • HVAC & Refrigeration
  • Medical
  • Municipal Water Treatment
  • Transportation
    • Automotive
    • Aviation
    • Electric vehicles
    • Railways
    • Boats
  • Others

By Region:

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

About Us:

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

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The Global Eosinophilic Granulomatosis with Polyangiitis Treatment Market Is Expected to Register Growth at 5.2% CAGR through 2033 | FMI Study

In 2023, Eosinophilic Granulomatosis with Polyangiitis Treatment Market is expected to reach a value of US$ 173.8 million at a CAGR of 5.2%. Healthcare technology advancements are expected to drive the market to US$ 288.5 million by 2033.

The growing occurrences of churg strauss syndrome and other allergic reactions and asthma, rising geriatric population, and growing incidences of churg Strauss syndrome in children are expected to drive the growth of the market during the assessment period.

The increasing awareness among patients regarding this condition and the availability of effective therapeutics are projected to bolster the eosinophilic granulomatosis with polyangiitis treatment market in developed economies. Furthermore, with the rising support from government organizations and the development of the healthcare facilities and infrastructure are projected to supplement the development of the overall market in the forecast period.

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The development of modern therapeutics and the increasing number of players with a strong drug pipeline are considered as the key factors that are likely to contribute substantially towards the development of the global eosinophilic granulomatosis with polyangiitis treatment market in the next few years.

The manufacturers are involved in the production of eosinophilic granulomatosis with polyangiitis treatment market in a larger capacity. Research and innovation are also conducted to launch innovative products for eosinophilic granulomatosis with polyangiitis therapeutics.

North America dominates the eosinophilic granulomatosis with polyangiitis treatment market due to the presence of key market players’ presence, along with recent product launches and established healthcare infrastructure, which will accelerate the market’s growth in the region. The significant R&D investments in Europe abode well for market growth.

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Key Takeaways from the Market Study

  • As of 2023, the eosinophilic granulomatosis with polyangiitis treatment market was valued at US$ 173.8Million
  • From 2023 to 2033, the eosinophilic granulomatosis with polyangiitis treatment industry is poised to grow at 5.2% CAGR
  • By 2033, the eosinophilic granulomatosis with polyangiitis treatment market is slated to reach a valuation of US$ 288.5 Million
  • Based on the distribution channel, hospital pharmacy segment accounts for market share of 35.7% during the forecast period.
  • China is poised to yield a CAGR of 4.8% with respect eosinophilic granulomatosis with polyangiitis treatment in 2033.

“Growing healthcare spending and growing the incidence of asthma across the world and rapid rise in the geriatric population are expected to radically transform the market in the coming years,” comments an analyst at FMI.

Competitive Landscape

Some of the key players present in the global eosinophilic granulomatosis with polyangiitis treatment markets are Genentech Inc., F. Hoffmann-La Roche AG, Cephalon Inc., Teva Pharmaceutical Industries Ltd., Amgen Inc., Sanofi S.A., Koninklijke DSM N.V, AstraZeneca, Novartis International AG, GlaxoSmithKline LLC, Baxter Healthcare Corporation and others.

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 market segments such as geographies, application, and industries.

  • In April 2021 — Genentech, a member of the Roche Group announced that the U.S. Food and Drug Administration (FDA) has approved the company’s supplemental Biologics License Application for Xolair®(omalizumab) prefilled syringe for self-injection across all approved U.S. indications. Xolair is the only FDA-approved biologic designed to target and block immunoglobulin E (IgE) for the treatment of moderate to severe persistent allergic asthma, chronic idiopathic urticaria (CIU) and nasal polyps.
  • In December 2020- Amgen announced that the S. Food and Drug Administration (FDA) has approved RIABNI™ (rituximab-arrx), a biosimilar to Rituxan® (rituximab), for the treatment of adult patients with Non-Hodgkin’s Lymphoma (NHL), Chronic Lymphocytic Leukemia (CLL), Granulomatosis with Polyangiitis (GPA) (Wegener’s Granulomatosis), and Microscopic Polyangiitis (MPA).

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More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the market, presenting historical demand data (2018 to 2022) and forecast statistics for the period of 2023 to 2033.

The study divulges essential insight into eosinophilic granulomatosis with polyangiitis treatment market by drug class (Steroids, Immunosuppressant, Biologics, Immune Globulins) by Route of Administration (Oral, Intravenous, Intramuscular) by Distribution Channel (Hospital Pharmacies, Drug stores, Retail Pharmacies, Online Pharmacies) by Region – Global Forecast 2023 to 2033

Key Segments Covered in Eosinophilic Granulomatosis with Polyangiitis Treatment Market Industry Survey

Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Drug Class:

  • Steroids
  • Immunosuppressant
  • Biologics
  • Immune Globulins

Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Route of Administration:

  • Oral
  • Intravenous
  • Intramuscular

Eosinophilic Granulomatosis with Polyangiitis Treatment Market by Distribution Channel:

  • Hospital Pharmacies
  • Drug stores
  • Retail Pharmacies
  • Online Pharmacies

About FMI:

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

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Refrigerated Display Cases Market Size Predictions : US$ 14 Billion By 2032

The refrigerated display cases market is predicted to grow at a moderate CAGR of 5.5% during the forecast period covering 2022 to 2032. The refrigerated display cases market share is estimated to reach a value of nearly US$ 14 Billion by 2032, expanding from a total worth of US$ .2 Billion in 2022.

The refrigerated display cases (RDC) market has been registering high growth since the last few years. This growth is projected to continue over the coming years due to increasing demand from the food retail sector. The increasing population and rapid urbanization in emerging economies from will create significant opportunities for growth in the next few years.

Refrigerated display cases mostly used in retail stores and food & refreshment industry, for example, general stores/hypermarkets, supermarkets, eateries and hotels and non-routine outlets. RDCs help to attract customers through an attractive visual display of food and drink products.

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With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of refrigerated display cases the market remains positive. According to the report, the retail food and beverages sector will continue accounting for over 70% of sales of refrigerated display cases through the forecast period.

Introduction of high performance and connected refrigerated display cases with real time cloud access and maintenance will create lucrative growth opportunities. In the coming years, the market also will gain from the launch of low GWP refrigerants aimed at lowering environmental challenges.

Refrigerated display case market is likely to grow at a moderate pace during 2022-2032. However, as it is a matured market, companies are expected to concentrate further on research and development activities. Collaboration, mergers and acquisition with regional companies will remain key strategies adopted by market players as they aim at expanding their footprint in regional market.

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Key Takeaways

  • Expansion of the supermarkets and hypermarkets will remain a chief growth driver, enabling the market rise at 5.5% CAGR between 2022 and 2032
  • Rising demand for ready-to-eat food is fuelling refrigerated display cases sales across supermarkets and hypermarkets in the U.S. The country is expected to account for over 70% of the North America market
  • Expansion of the food service sector will enable growth in Germany and France
  • The U.K. will emerge as a strong market, exhibiting 3.8% y-o-y growth in 2022 after a period of decelerating sales in 2020
  • While China currently holds dominance, Japan will emerge as the leading market in East Asia backed by rising demand for packaged food

“Recent developments in food service and food retail sectors are creating lucrative prospects for the market. Consumers’ inclination towards add-on features like real time maintenance, remote access, and others is increasing, which is expected to give tailwinds to growth. In order to woo end users, manufacturers are therefore providing competitive price offering and advanced technologies,” says FMI analyst.

The implementation of stringent government norms and regulation on use of refrigerant for cooling is estimated to create high growth avenues for the refrigerated display case market. The increasing focus on eco-friendly and sustainable refrigerated display cases in developed and developing economies across the globe is creating growth opportunities.

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Competitive Landscape

The refrigerated display cases market is fairly competitive, with key players accounting over two third of the overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market share.

The refrigerated display cases market is fairly competitive, with key players accounting over two third of the overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market share. Some of the key players in the market are Carrier Corporation, Frigoglass SAIC, Epta S.p.a. Refrigeration, Dover Corporation, Haier Group, Arneg S.p.A, Illinois Tool Works, Daikin Industries, Ltd., Fagor Industrial, and others.

Get Valuable Insights into Refrigerated Display Cases Market Report

Future Market Insights, in its new offering, provides an unbiased analysis of the global refrigerated display cases market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2022-2032. The refrigerated display cases market study uncovers convincing bits of knowledge based on type (plug-in, semi plug-in, and remote), design (vertical, horizontal, and hybrid), and end user (food service sector and retail food and beverages sector) across six key regions.

Key Segments

By Type:

  • Plug-In Refrigerated Display Cases
  • Semi Plug-In Refrigerated Display Cases
  • Remote Refrigerated Display Cases

By Design:

  • Vertical Refrigerated Display Cases
  • Horizontal Refrigerated Display Cases
  • Hybrid Refrigerated Display Cases

By End Use:

  • Food Service Sector
    • Quick Service Restaurants
    • Bakeries
    • Hotels
    • Others
  • Retail Food & Beverage Sector
    • Fuel Station Stores
    • Hypermarkets
    • Supermarkets
    • Discount Stores

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Oceania
  • MEA

About Us:

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

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Promising Results from Gene Delivery and Enzyme Replacement Therapies to Revolutionize the USA Fucosidosis Therapeutics Market | FMI Predicts 25% of Revenue to Come from North America

According to Future Market Insights, North America is anticipated to hold around 25% share in the global fucosidosis therapeutics market during the forecast period. Within North America, the USA fucosidosis therapeutics market is predicted to exert a domineering influence throughout the projected period.

Advanced therapies such as gene therapy and enzyme replacement therapy (ERT) are being studied for their potential to treat fucosidosis. These new therapies will not only help to relieve symptoms but also could reduce the long-term medical costs associated with treating this condition.

Gene delivery services, such as lentiviral vector-mediated transfection, are also being developed to allow safe and efficient transfer of the missing enzyme into cells affected by fucosidosis. These services could potentially open up new opportunities for fucosidosis therapeutic providers and enable access to personalized medicine for those affected by this rare disorder.

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As per the study conducted by the National Organization of Rare Disease, the severity of a person’s disease may be influenced by a mutation in the fucosidase (FUCA1) gene, as well as other genetic and environmental circumstances.

The United States is currently at the forefront of research and development for fucosidosis therapeutic treatments, making it a key destination for persons suffering from fucosidosis. Both government healthcare organizations such as the National Institutes of Health (NIH), and private companies are investing heavily in research and development of fucosidosis therapeutics.

Several pharmaceutical companies have already announced plans to develop Fucosidosis treatments, while others are planning clinical trials to evaluate the efficacy of various therapeutic strategies.

The availability of advanced therapies coupled with gene delivery services will create a great demand for fucosidosis treatments in the United States. This will not only provide much-needed treatments to those affected by this disorder, but also create new economic opportunities for pharmaceutical companies, gene delivery services providers, and other stakeholders in the industry.

Key Takeaways from the Fucosidosis Therapeutics Market

  • The global fucosidosis therapeutics market is forecast to expand at a steady 6% CAGR between 2023 and 2033.
  • The global market is likely to attain a valuation of US$ 10 million by the end of 2023.
  • North America, spearheaded by the USA is forecast to hold around 25% share of the global fucosidosis therapeutics market during the assessment period.
  • Introduction of advanced therapies coupled with growing popularity of gene delivery services is likely to boost the fucosidosis therapeutics market in the United States of America.

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“Introduction and popularity of modern innovative therapies will play a key role in expanding the USA fucosidosis therapeutics market over the next ten years. Hence, key players are investing their money on research and development initiatives to develop novel effective therapeutics,” says an FMI analyst.

Competition Landscape in the Fucosidosis Therapeutics Market

Key companies in the global market for fucosidosis therapeutics are conducting research and development to introduce innovative medicines and technologies for the treatment of fucosidosis. They also strive to receive clearance for their innovative products from government and regulatory bodies in order to acquire a competitive edge over their rivals.

Orchard Therapeutics, Bruker Corporation, and Creative Diagnostics are key companies in the United States fucosidosis therapeutics market.

Recent Developments:

  • In December 2022, in its continuing proof-of-concept (PoC) research of OTL-201, an experimental hematopoietic stem cell (HSC) gene treatment being created for the treatment of mucopolysaccharidosis type IIIA also named Sanfilippo syndrome type A, Orchard Therapeutics, a leading company in gene therapy, revealed early clinical findings, such as first neurobehavioral results.
  • In April 2022, in the areas of single-cell proteomics, spatial multiomics, and cancer research using cell-line, tissue, and plasma proteomics, Bruker Corporation introduced and demonstrated innovative and distinctive capabilities.

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Key Segments Profiled in the Fucosidosis Therapeutics Industry Survey

Therapy:

  • Antibiotic Therapy
  • Fluid Replacement Therapy
  • Bone Marrow Transplantation

End-User:

  • Hospital
  • Homecare
  • Specialty Clinics
  • Others

About FMI:

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

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Eisenmenger Complex Management Market to reach US$ 12.9 billion in 2033, Endothelin Receptors to account for 48.1% of all Drugs | FMI Study

The global Eisenmenger complex management market is expected to surpass an impressive valuation of US$ 7.7 billion in 2023 and is projected to reach US$ 12.9 billion by 2033, growing at a CAGR of 5.3%. Generally, the treatment includes relieving the symptoms and associated co-morbidities. Medications such as calcium channel blockers, antiarrhythmic agents, and blood thinning agents are prescribed by the physician. The rising prevalence of Eisenmenger syndrome, government support for the development of orphan drugs, and the growing geriatric population are the main factors that are fuelling growth of the Eisenmenger syndrome treatment market.

Growing expiration of patents presents opportunities that can be leveraged to offer generics at affordable costs which will aid in market expansion. The demand and consumption of generics are expected to rise significantly driven by research and development initiatives and regulatory approvals in developed and developing markets. Thus, fuelling market growth.

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Increasing government support to create orphan drugs and surging cases of COVID-19 across the world are anticipated to drive sales in the global market. Apart from this, the presence of a vast population above the age of 60 years with lower immunity level who are often more prone to Eisenmenger syndrome and other related diseases, might propel demand for effective treatment. Government initiatives such as the Rare Disease Act 2002 and The Orphan Drug Act (ODA) 1983 are also expected to assist in market expansion.

On the other hand, robust drug pipeline and new product combination awaiting approval or launch are expected to heighten the market competitiveness which will directly benefit the targeted market. For instance, In December 2020, Acceleron Pharma received orphan drug designation for Sotatercept from the European Commission and is available for commercial use in the European markets. This will support market expansion in the forthcoming years.

The technological advancements are also continuously focusing upon the identification of new molecular pathways which contributes to the development of better treatments possible during the forecast period. All these factors propel growth of the market. However, patent expiration of drug molecule and side effects associated with the drugs is anticipated to restrain growth of Eisenmenger complex management market in the forecast period.

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Key Takeaways from the Market Study

  • North America is expected to dominate the market of Eisenmenger syndrome with 48.77 market share during the forecast period.
  • The market in South Asia is projected to grow fastest with a CAGR of 5.5% in the forecast period
  • By drug type, endothelin receptor antagonist segment is expected to lead the market with 48.1 % market share in 2023.
  • By distribution channel, hospital pharmacies segment is anticipated to dominate the market with 65% market share by end of the forecast period.

“Robust drug pipeline and new product combination awaiting approval will fuel the targeted market growth”- says an FMI Analyst

Competitive Landscape

The global Eisenmenger syndrome treatment market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition. The major players in the market are: Actelion Pharmaceuticals Ltd, Gilead Sciences, Inc., Pfizer, Inc, Teva Pharmaceutical Industries Ltd, AstraZeneca plc., Novartis AG, Merck and Co., Inc., GlaxoSmithKline plc., Mylan N.V, Bayer AG

Some recent developments in this industry are:

  • In July 2022, Cereno Scientific announced that first patient had been enrolled in the Phase II study in pulmonary arterial hypertension (PAH) with drug candidate CS1.
  • In June 2022, Gossamer Bio, Inc. declared the publication of key preclinical data supporting the potential of seralutinib for the treatment of pulmonary arterial hypertension (PAH).
  • In December 2021, Aerovate Therapeutics, a clinical stage biopharmaceutical company based in United States, started the Phase 2b/3 clinical trial for testing imatinib, its experimental inhaled formulation in people with Eisenmenger syndrome. The trial is set to help the company in achieving the goal of enhancing the lives of patients suffering from rare cardiovascular diseases. This test will evaluate the ability of AV-101 to resist blood flow in the blood vessels of the lungs.
  • In December 2021, Alembic Pharmaceuticals, a multinational pharmaceutical company headquartered in India, bagged approval from the United States Food and Drug Administration (USFDA) for the marketing of Selexipag tablets. These can now be used to treat pulmonary arterial hypertension. The company’s new drug is considered to be the generic equivalent to Uptravi, the Reference Listed Drug (RLD).

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global Eisenmenger complex management market, providing historical data for 2018-2022 and forecast statistics from 2023-2033.

To understand opportunities in the Eisenmenger complex management market, the market is segmented on the basis of Drug type (Antiarrhythmic agents, Blood thinning agents, Endothelin receptor antagonist, others, By diagnosis (Blood tests, Electrocardiogram, chest X-ray, Echocardiogram, CT scan, MRI, Cardiac Catheterization) By distribution channel (Hospital pharmacies, Retail pharmacies, Online pharmacies) By end-user (Hospitals & Clinics, Laboratories, others) By region (North America, Latin America, Europe, South-Asia, East-Asia, Oceania, Middle East and Africa)

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About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Profiled in the Eisenmenger Complex Management Industry Survey

By Drug Type:

  • Antiarrhythmic Agents
  • Blood Thinning Agents
  • Endothelin Receptor Antagonist
  • Others

By Diagnosis:

  • Blood tests
  • Electrocardiogram
  • Chest X-ray
  • Echocardiogram
  • CT Scan
  • MRI
  • Cardiac Catheterization

By Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

By End User:

  • Hospitals & Clinics
  • Laboratories
  • Others

About FMI:

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

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Wilson’s Disease Diagnostics Market is expected to reach US$ 896 Million by 2033

During the forecast period 2023 to 2033, the Wilson’s disease diagnostics market is expected to grow at a value of 3.9% CAGR, according to Future Market Insights. By the year 2033, the global market for Wilson’s disease diagnostics is expected to rise up to a market valuation of US$ 896 Million. The global market for Wilson’s disease diagnostics is expected to experience significant growth in the coming years, driven by a number of factors including increasing awareness of the disease, growing demand for genetic testing, and the development of new diagnostic tools.

One of the key drivers of growth in the Wilson’s disease diagnostics market is increasing awareness of the disease among healthcare providers and the general public. As awareness of Wilson’s disease grows, more patients are likely to be diagnosed with the disease, creating a larger market for diagnostic tests and other tools.

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Another factor contributing to the growth of the Wilson’s disease diagnostics market is the development of new diagnostic tools and techniques. For example, researchers are exploring the use of biomarkers in blood and urine samples as a way to more accurately diagnose Wilson’s disease and monitor the progression of the disease over time.

Genetic testing is also expected to play an increasingly important role in the diagnosis of Wilson’s disease. Advances in genetic sequencing technology have made it possible to rapidly sequence the ATP7B gene and identify mutations associated with the disease. As genetic testing becomes more widely available and affordable, more patients are likely to be diagnosed with Wilson’s disease at an earlier stage, leading to improved outcomes and better quality of life.

Overall, the Wilson’s disease diagnostics market represents a promising area of growth for the healthcare industry, driven by advances in genetic testing and increasing awareness of the disease.

Key Takeaways from the Market Study

  • The Wilson’s disease diagnostics market is expected to grow at a value of 3.9% CAGR in the forecast period 2023 to 2033
  • By distribution channel, hospital pharmacies are expected to hold 43% of the market share in 2023 for Wilson’s disease diagnostics market.
  • North America is expected to possess 46% market share for Wilson’s disease diagnostics market in 2023.
  • Europe Wilson’s disease diagnostics market size is expected to possess 37% market share in 2023.

“With continued investment in research and development, it is likely that new diagnostic tools and techniques will be developed, leading to improved outcomes and quality of life for patients with Wilson’s disease.” states an FMI analyst

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Competitive Landscape

Key players in the Wilson’s diseases diagnostics market are Orphalan, AstraZeneca, Vivet Therapeutics, Pfizer, Ultragenyx Pharmaceutical, Valeant Pharmaceuticals International, Inc., Noblepharma Co., Ltd., Merck & Co., Inc., Teva Pharmaceuticals, Wilson Therapeutics AB

  • Ultragenyx Pharmaceutical is a biopharmaceutical company that has been involved in the development of a diagnostic test for Wilson’s disease called WDx. The WDx test is a blood test that measures the levels of ceruloplasmin, a protein that binds to copper in the blood. Low levels of ceruloplasmin are a characteristic feature of Wilson’s disease, and the WDx test can aid in the diagnosis of the condition.
  • In 2018, Wilson Therapeutics AB was acquired by Alexion Pharmaceuticals, a biopharmaceutical company focused on the development of treatments for rare diseases. Following the acquisition, Alexion continued the development of WTX101 and submitted the drug for regulatory approval in the United States and Europe. In 2018, the US FDA granted WTX101 Breakthrough Therapy designation for the treatment of Wilson’s disease.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Wilson’s disease diagnostics market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

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The study reveals essential insights on the basis of Drug Class (Penicillamine, Trientine, Tetrathiomolybdate) Route of Administration (Oral, Parenteral) Distribution Channel (Retail Pharmacies, Hospital Pharmacies, Online Pharmacies) Region (North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa)

About the Healthcare at Future Market Insights

The healthcare domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI)

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

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Electric Vehicle Motor Market Share to expand at a CAGR of 21.2% by 2032 | Future Market Insights

In 2032, the global electric vehicle motor market share was valued at about US$ 18.09 billion. Overall sales are predicted to grow at an impressive CAGR of 21.2%, according to the electric vehicle motor market analysis by FMI.

Key Takeaways from Electric vehicle motor market Study

  • As per the previous electric vehicle motor market report, the demand for electric vehicle motors grew at a 20% CAGR from 2017 to 2021 and is anticipated to expand at a 21.2% CAGR over the projected period.
  • By following this average growth rate, the absolute growth of the global electric vehicle motor market is estimated to be around US$ 11.5 Billion over the next ten years.

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  • Owing to the rapid expansion of the electric vehicle industry, the Asia Pacific region represents a high potential electric vehicle motor market. By 2032, the said market is expected to increase 6.8 times.
  • By 2021, the US accounted for almost 91% of the North American market for electric drive units for a vehicle. Moreover, by 2032, this market, which has 89.7% of the market share, is projected to lose 162 BPS points.

As per the electric vehicle motor market survey, more than 83% of all EV motor sales worldwide are powered by AC motors. And, 14.3% of the worldwide electric vehicles contain EV drive motors, including BEVs, HEVs, and PHEVs.

To comply with pollution control standards, governments in emerging economies are also offering subsidies and other incentives for the manufacturing and use of electric cars. These days, customers are favoring electric vehicles as battery and hybrid models become more fuel-efficient, which has been observed to create vast amounts of electric vehicle motor market opportunities.

The need for electric drive motors for car is rising quickly as more electric vehicles are produced and used globally. Further, electric vehicle drive motor sales have been gaining traction recently due to their advantages, including quiet operation, the capacity to control pollution, and decreased fuel usage.

The United States EV drive motor market is lagging behind other industrialized countries with significant economies like China and Europe, where electric vehicle drive motor sales are just a third and a half as high, respectively.

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Competitive Landscape for the Global Electric vehicle motor market

Some of the well-known electric vehicle motor market  players are Tesla Inc., Aisin Seiki Co Ltd, Bosch Mobility, Siemens AG, Nidec Motor Corporation, ABB Ltd, Toshiba Corporation, Magna International, Mitsubishi Electric, Hitachi Astemo, Parker Hannifin Corp., Delta Electronics Inc., BYD, Mahle GmBH, and Vitesco Technologies among others.

Key competitors in the global market for electric vehicles are focusing on enhancing the motors’ efficiency through research and design development. To increase sales of electric vehicle drive motor, they are also forming alliances and working together with OEMs to source better raw materials at competitive price and enhanced market presence.

Key Segments Covered in Electric vehicle motor Industry Analysis

By Product Type:

  • AC
  • DC

By Power:

  • Up to 100kW
  • 101-200kW
  • Above 200kW

By EV Type:

  • BEV
  • HEV
  • PHEV

By Region:

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

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Recent Developments in the Global Electric vehicle motor market:

  • The Indian government intends to do away with licenses for the manufacturing and use of electric vehicles that is predicted to boost the demand for electric vehicle drive motor in the country.
  • In the previous year the Chinese government said that it would invest roughly US$ 600 Billion to encourage electric vehicles.

About Future Market Insights (FMI) 

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

Contact:

Future Market Insights, Inc.
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Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Robotic Lawn Mower Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2032 

Technological advancements and rising penetration of artificial intelligence have paved the way for increased sales of robotic lawn mowers, since they have become much more efficient.

Rising dependency on automation in the commercial sector to decrease operating costs and increasing adoption of domestic robots for residential applications are major factors estimated to drive the growth of the robotic lawn mower market during the forecast period.

According to FMI’s recent market study, the robotic lawn mower market is projected to progress at a high CAGR of 11.5% and reach a valuation of US$ 2 Billion by the end of the forecast period (2021-2031).

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Key Takeaways of Robotic Lawn Mower Market Study

In terms of segmental analysis, the sales of robotic lawn mowers are expected to remain concentrated to residential end use; nevertheless, sales in the commercial segment are projected to witness hefty growth over the coming years.

e-Commerce growth across the globe squarely proliferates a robust outlook for manufacturers to sell their robotic lawn mowers through online channels/retail partners such as Amazon, e-bay, Alibaba, The Home Depot, etc.

Demand in the Europe-based consumer market has grown rapidly in recent years, and still shows a substantial growth opportunity, as the robotic lawn mower market in the region is far from saturation.

GPS and Bluetooth-enabled robotic lawn mowers and wireless mobile devices are potential investment options for manufacturers. Multiple voice interaction is also being provided in upcoming connected robotic lawn mowers.

“There is significant potential in the long-run as far as robotic lawn mowers are concerned for lawns in commercial areas, sports fields, hotels, and parks. Thus, companies in the market are positioning themselves to enter the professional/commercial market where requirements for technology and reliability are even higher

Robotic Lawn Mower Market : Competitive Landscape

The global robotic lawn mower market is significantly consolidated, with a few players holding a prominent share of nearly 50% in the market space.

Some of the key players operating in the global robotic lawn mower market are Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., and Robert Bosch GmbH, among others.

Moreover, to win over market imponderables and shakeouts, manufacturers such as Husqvarna, MTD, and Honda are expanding their geographic reach to South East Asia & Pacific.

Find More Valuable Insights on Robotic Lawn Mower Market

FMI, in its new research report, offers an unbiased analysis of the global robotic lawn mower market, presenting forecast statistics for the period of 2021-2031.

The report reveals insights on the robotic lawn mower market, and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the robotic lawn mower market value chain.

Readers can also find key trends and market growth scenarios based on working area, end use, sales channel, and regions such as North America, LAMEA, South East Asia & Pacific, and Europe.

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Robotic Lawn Mower Market Taxonomy

The global robotic lawn mower market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Working Area

  • Small Area (up to 0.4 acre)
  • Medium Area (0.4-0.8 acre)
  • Large Area (above 0.8 acre)

End Use

  • Residential
  • Commercial

Sales Channel

  • Offline
  • Online

Region

  • North America
  • Latin America and the Middle East & Africa (LAMEA)
  • Europe
  • South East Asia & Pacific

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

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Automotive OEM Market Share Worth US$ 52.90 Billion by year 2033 | Future Market Insights

As per the reports published by FMI, the global automotive OEM market share is projected to have an average-paced CAGR of 4.17% during the forecast period. The current valuation of the market is US$ 35.16 Billion in 2023. The market value of the automotive OEM market is anticipated to surpass a market valuation of US$ 52.90 Billion by the year 2033. A historical market valuation of US$ 32.4 Billion has been recorded by the analysts of Future Market Insights for the concerned market during the base year.

Key Takeaways from the Automotive OEM Market

  • The automotive OEM market is estimated to surpass a valuation of US$ 52.90 Billion by the end of the projection period.
  • An approximate surge of US$ 2.76 Billion has been witnessed from the base year to the current year in the automotive OEM market.

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  • The commercial vehicle type segment is projected to advance at a CAGR of 6.8% through the forecast period.
  • The powertrain segment by component type category is likely to dominate the automotive OEM market, with a market valuation surpassing US$ 439.67 Billion by 2033.
  • The United States automotive OEM market is projected to advance at a moderate pace registering a CAGR of 6.6% during 2023-2033.

“Demand and production of high-performance cars are projected to curate lucrative growth prospects for advancement of the industry through the foreseen years.” – Says an FMI Analyst.

It is analyzed by the experts that demand for a large number of commercial and passenger vehicles is a major contributor to the expanding market size of automotive OEMs. Consumers are becoming more aware of their safety while traveling and this aspect is fueling the demand for automotive OEM products in 2023. There are several technological advances made by manufacturers to gain an upper hand in the market.

The rise in disposable income across developing economies is resulting in increased spending on personal vehicles, simultaneously fueling the market growth of automotive OEMs. However, the high cost of automotive OEM products is a crucial factor impeding the growth of the industry. Furthermore, the prevalence of counterfeit automotive OEM products is estimated to challenge the expansion of the market through 2033.

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Competitive Landscape in the Automotive OEM Market

Due to the existence of numerous international and regional companies, the market for automotive OEMs is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world. Therefore, the market is projected to register significant growth through the forecast period.

Some of the key companies in the market are

  • Toyota Motor Corporation.
  • Volkswagen AG.
  • Nissan.
  • Honda Motor Co.
  • Magna International Inc.
  • Continental AG.
  • CIE automotive.
  • Siemens.
  • BMW AG.
  • Exide Industries limited.
  • Denso Corp.
  • Robert Bosch, GMbH.
  • Valeo
  • Aptiv
  • Ford Motor Company.
  • Mitsubishi Motors Corp.

Recent Developments

  • Recently, the 3M collision repair application was launched by the 3M company, which is an application tool for mobiles. It is identified to help with the expert technical support provided by the shop technicians and the personnel for distributor sales.
  • In July 2021, MasterBeat Corporation announced that its JTEC Autoworld launched the Amazon retail segment of its online automotive parts platform. JTEC has a plan of utilizing Amazon and several other e-commerce platforms for accelerating the sales and marketing of automotive OEM products.
  • Two Indian Companies, Mahindra and Mahindra Tata Motors have increased their market share by about 5% in the Indian market, one in every five cars is made by these Indian OEMs, which are sold in India.

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Key Segments in the Automotive OEM Market

By Components:

  • Powertrain
  • Chassis
  • Electronics and Electrical
  • External Body
  • Car Interiors

By Vehicle Type:

  • Commercial vehicles
  • Passenger cars
  • Electric cars

By Distribution Channel:

  • Retailers
  • Wholesalers
  • Distributors

About Future Market Insights (FMI) 

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

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 All Reports: https://www.futuremarketinsights.com/reports
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Woodworking CNC Tools Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2028

Germany is anticipated to emerge as a lucrative market in the Europe woodworking CNC tools market over the forecast period. As per FMI, sales in the Europe market are projected to account for more than 24.5% of the total market share in 2022.

Surging adoption of high precision tools across the woodworking sector driven by the growing demand for luxury furniture items is expected to create growth opportunities for market players in Germany.

As per an FMI study, in terms of volume, the router bits segment is projected to account for more than 40% share throughout the forecast period (2022-2028), and the global woodworking CNC tools market value is expected to cross US$ 2.6 Billion by the end of 2028.

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In terms of wood type, medium-density fiberboard (MDF) is anticipated to account for 1/3rd of the total woodworking CNC tools sales through 2028. FMI estimates that the Asia Pacific will hold the dominant share in the market, accounting for 47.3% of the total revenue share in 2022.

Woodworking CNC tools are pre-programmed computer software dedicated equipment and machineries which are used in carpentry shops to increase productivity and to enhance the level of work precision and quality.

“Globally, woodworking CNC tools are expected to gain healthy traction in the coming decades, boosted by rapid developments in the automation industry and growing focus on safety. CNC machines are highly safe, as these can perform all operations on wood without the requirement of human interaction or labor.”

Key Takeaways of Woodworking CNC Tools Market Study

  • The 1/2″ type router bits segment is projected to exhibit a healthy annual growth rate, owing to the high preference for DIY as well as industrial applications. Furthermore, the cutters segment also holds noteworthy share in the global woodworking CNC tools market, on back of vast usage in profiling, cutting, and slotting, among others.
  • By wood type, MDF (medium-density fiberboard) is projected to hold 1/3 share in the global market, as it is used in furniture, cabinetry, and flooring making. Furthermore, in music equipment, MDF is utilized to make speaker boxes due to its consistency, smooth finish, machinability, and strength.
  • Milling, drilling, profiling, and cutting are major applications of woodworking CNC tools. Cutting and milling are projected to be the most lucrative segments in the global market.
  • Asia Pacific is projected to progress at a significant CAGR in the global woodworking CNC tools market, owing to rising demand from various end-use industries.

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Market Landscape: Highly Fragmented

The global woodworking CNC tools market is highly fragmented, owing to the presence of numerous international and local players. Furthermore, leading players are expected to hold less than 15% share, while the remaining is accounted for by local players. Moreover, China and Mexico are two countries that are anticipated to change the landscape of the global woodworking CNC tools market over the coming years. During the course of research, players such as Robert Bosch GmbH, Rockler Companies, Inc., and Vortex Tool Company Inc., among others, were identified to be the leading players in the woodworking CNC tools market across the value chain.

Want to Know More?

Future Market Insights has published a market research report on the global woodworking CNC tools market that contains global industry analysis of 2013–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the woodworking CNC tools market through four different segments – tool type, wood type, operation, and region. The woodworking CNC tools report also includes macroeconomic factors, forecast factors, and key success factors. Furthermore, the team has also incorporated a list of global suppliers and distributors, as well as a list of online product sellers.

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

Contact Us:
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