Market Research Blog

The global diamond core drilling market is expected to surge at a CAGR of 6.3% during the forecast period. The market is valued at US$ 2 billion in 2023, and by 2033, the market is expected to reach a valuation of US$ 3.7 billion.

Increase in the construction activities owing to surge in the population is believed to be the primary driver of the market. This is driven by people moving into cities from villages in search of better opportunities, thereby leading to rapid urbanization as well.  Apart from that, there has been an increase in the number of mining activities as well, especially in oil and gas sector.

Apart from that, the governments worldwide are making massive investments to improve the infrastructure. This is visible in the form of offshore drilling projects and setting up of oil rig hubs. There has been an increased investment in the exploratory wells project as well.

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The diamond core drilling machines offer robust mechanical capabilities as compared to a lot of other forms of drilling machines. In addition to reducing fractures, these machines also operate at a very high precision. Moreover, these also act as a replacement for chisel, drilling tools, etc. which also shows the multifunctionality of these machines.

In the current times, the investors and end-users are impressed with AI enabled diamond core drilling machines. The ability to work at a very high efficiency, coupled with the feature to differentiate different kinds of metals has grabbed a lot of attention. The ability to ensure that minimum number of workers are employed in this process allows companies to put human capabilities at other aspects. This might increase the demand for diamond core drilling machines during the forecast period.

However, the high cost associated with these machines might challenge the market growth during the forecast period. There are also rising cases of illness associated with the usage of diamond core drilling machines.

Thus, from the insights provided by FMI analysts, it can be inferred that, “surge in the construction activities, introduction of AI enabled drilling machines, and a lot of other factors are expected to surge the sales of diamond core drilling machines during the forecast period.”

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 Key Takeaways:

• The diamond core drilling market is expected to grow at a CAGR of 6.3% during 2023-2033.
• The market is valued at US$ 2 billion in 2023.
• By 2033, the market is expected to reach a valuation of US$ 3.7 billion.
• Asia Pacific is expected to be the largest market during the focus period.
• USA diamond core drilling market is expected to grow at a CAGR of 3.1%.
• UK market is projected to surge at a CAGR of 7.5%.
• China market is anticipated to advance at a CAGR of 10.5%.
• Japan market is all set to grow at a CAGR of 5.4%.
• South Korea market is expected to grow at a CAGR of 7.6%.
• Based on the operation type, the rig operated segment is expected to be the largest segment, and is projected to grow at a CAGR of 6.2%.
• Based on the drilling technique, the stitch drilling segment is expected to be the largest segment, and is estimated to grow at a CAGR of 6.9%.

Competitive Landscape

The key players operating in the market are focusing on technological upgradation and are making massive investments in R&D. Apart from that, the focus also happens to be revolving around sustainable development. There are also investments being made in the activities pertaining to mergers to acquisitions.

Some of the recent developments in the diamond core drilling market are:

• In June 2022, Hilti released a lot of new features for its semi-automatic robot, ‘Jaibot’.
• In August 2022, Atlas Copco launched its latest high pressure nitrogen generation skid package that offers enhanced performance.

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Diamond Core Drilling Market Segmentation

By Operation Type:

• Hand Held,
• Rig Operated

By Drilling Technique:

• Stitch Drilling,
• Underwater Diamond Drilling,
• Surface Drilling,
• Underground Drilling

By Drilling Type:

• Rotary Drilling,
• Wireline Drilling

By End Use:

• Construction Industry,
• Mining Industry (Open Pit Mines, Closed Pit Mines)

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• 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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Over the course of the forecast period, the worldwide aseptic processing market is anticipated to grow at a moderate rate of 6.13%. In 2023, the aseptic processing market is expected to be worth US$95.63 Bn. Demand for aseptic processing is anticipated to peak at US$ 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 caused by the rise in demand for dairy and other ready-to-drink beverages worldwide.

The global aseptic processing market is expected to grow significantly over the forecast period because of factors such as expanding urbanization, the essential rise in discretionary spending, and the emergence of new economies.

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 (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:

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The global industrial linear accelerator market is expected to exhibit a robust growth of around 6.3% CAGR over the projection period from 2022 to 2032. The global market is expected to reach US$ 2,979.8 Million in 2022 and is likely to be valued at US$ 5,486.4 Million by 2032. According to the historical evaluation of the market, it accounted for around 4.5% CAGR from 2016 to 2021. In addition to that, it also utilizes scanning devices for vehicles and cargo since they do not disturb the material being inspected along with saving time and money during inspecting materials in the security sector.

Demand for industrial linear accelerators is on the rise majorly because it is utilized for non-destructive testing that assists in evaluating the properties of different material without damaging them. A wide range of applications has been adopted by the industrial linear accelerators in both private and government sectors during the forecast period.

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The market is anticipated to surge at a phenomenal pace with a high CAGR during the forecast period. Furthermore, the industrial linear accelerator is massively utilized for maintenance services and manufacturing industries. Such as cargo inspection, medical waste disposal, agriculture, food irradiation, gemology, aerospace, automotive, rocket motors, castings inspection, and missile/defense systems. All these end-use industries are driving the industrial linear accelerator market growth throughout the projection period.

Key Takeaways

• The market is being fueled over the assessment period due to the rising scanning equipment in industries and increasing awareness among people. Whereas on the other hand, surging demand for high yields and decreasing costs without compromising quality is growing the market size during the forecast period. Industrial linear accelerators are utilized in radiation therapy in order to treat cancer, increasing the demand for industrial linear accelerators in the medical sector.
• LINAC is known as a device that efficiently treats cancer patients due to its cost-effectiveness. Marketers are good at observing patient behaviors and patients are drastically shifting towards non-invasive treatment processes which are likely to surge the adoption of industrial linear accelerators in recent years. This therapy offers advanced treatment and is applicable for various cancers with surgery and other procedures.
• In addition to that, industrial linear accelerators are gradually becoming an integral part of several industries such as food and preservative, mining, metal casting, waste management industries, etc., which is resulting in flourishing market growth. However, the present trend is used for better technology and equipment in order to get better results which will increase the demand for industrial linear accelerators during the forecast period.

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Competitive Landscape

The market is fragmented by several key vendors present during the market during the forecast period. These key vendors are innovating products and focusing on the customer’s requirements during the forecast period.

Some of the key players in the market are:

• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Wasik Associates Inc.
• VIVIRAD S.A
• Iotron Industries Canada, Inc.
• IBA group
• Jiangsu dasheng accelerator manufacturer co., LTD
• DIONDO GMBH
• High Voltage Engineering Europa B.V. (HVE)
• NISSIN ELECTRIC Co.,Ltd.
• Varian Medical Systems, Inc.

More Insights into the Industrial Linear Accelerator Market

The global market is segmented into several prominent regions including North America, Europe, Asia Pacific, Latin America, and MEA. Europe is expected to account for 28% of the total share of the industrial linear accelerator market over the projection period. In addition to that, the major consumers in the market are focusing on extensive applications of industrial linear accelerators in the manufacturing industry. However, increasing globalization, evident from the increase in international trade and outbound-inbound, led to positive growth in the European industrial linear accelerator.

The North American industrial linear accelerator market is expected to secure a surprising CAGR of 24% throughout the forecast period. A reasonable increase in industrial production is witnessed in several countries including the United States, with high growth in PMI (purchase manager index) numbers, which accelerates the market growth during the forecast period. Moreover, rising advanced technologies are surging the demand for industrial linear accelerators in North America in recent years.

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Key Segments:

On the basis of End Use Industry:

• Automotive industry
• Metal casting industry
• Aerospace industry
• Missile/defence industry
• Food processing industry
• Medical Waste Disposal Services Industry
• Others

On the basis of Varying Energy Ranges Industry:

• 2 MeV – 4 MeV
• 5 MeV – 7 MeV
• 8 MeV – 10 MeV
• 10 MeV – 12 MeV
• Others

On the basis of the Application:

• Industrial Radiography
• Cargo Screening
• Radiation Processing
• Polymer Modification
• Sterilization
• Food Preservation
• Waste Treatment
• Others

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

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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According to Future Market Insights’ most recent market estimate, the industrial cooling systems market is worth US$ 20.98 billion in 2023. A CAGR of 6.1% is anticipated in the market during the forecast period.

A new perspective for the industrial cooling systems market is provided by stringent environmental regulations, increased investments in the chemical industry, and rising demand for energy-efficient systems. Moreover, nuclear and thermal energy-using facilities are noticing a rise in demand for industrial cooling systems.

The demand for industrial cooling systems has increased across all significant emerging countries as a result of expansion in the industrial manufacturing sector. These systems are required to maintain the required temperature for chemical reactions.

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Between 2023 and 2033, market participants would benefit from advancements in industrial cooling systems, the expansion of governmental policies for sustainable systems, and sizable investments in R&D activities that further improve applications. Future industrial cooling systems sales are predicted to rise due to strict environmental regulations and rising consumer awareness.

Since industrial cooling systems are expensive and have high installation and maintenance costs, the demand for them confronts major obstacles. The higher operational costs are brought on by inadequate infrastructure for installing and running industrial cooling systems.

Key Takeaways

• The industrial cooling systems market is likely to have a CAGR of 6.1% during the forecast period.
• Historically, the industrial cooling systems market had a CAGR of 5.5% between 2018-2022.
• The value of the industrial cooling systems market is expected to be US$ 37.92 billion by 2033.
• Based on type, evaporation cooling systems hold 35% share of the industrial cooling systems market by 2033.
• Based on function, the transport cooling segment is anticipated to experience the highest CAGR of 5.9% over the projection period.
• With a CAGR of 5.9% throughout the forecast period, US market participants are significantly boosting the demand for industrial cooling systems.
• From 2023 to 2033, the industrial cooling systems market in China is anticipated to expand at a CAGR of 8.5%.
• During the predicted period, the UK is forecast to expand at a CAGR of 5.7%, and is estimated to be valued US$ 5.55 billion by 2033.

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Competitive Landscape

Many well-known companies are vying for market supremacy in the intensely competitive market for industrial cooling systems. These companies are working hard to develop cutting-edge, energy-efficient products in order to gain a market advantage.

A lot of new players are also entering the market, such as Enertech Industries, LLC and Cooling Systems, Inc., who are offering their customers customized and specialized cooling solutions.

These companies are making investments in R&D to develop new products and technologies in order to broaden their product offerings. Businesses are focusing on strategic alliances and collaborations as a way to expand their market penetration.

Recent Developments:

• Johnson’s Controls revealed the opening of an R&D and testing facility in the US in April 2018. The company is now able to supply the HVAC sector with cutting-edge and outstanding products thanks to the expanded facilities. Companies also provide a variety of product categories across different industries.
• On September 1st, 2000, SPX Cooling Technologies unveiled the Marley BasinGard filters for cooling towers. By removing debris, fibers, and pipe rust, the BasinGard filter protects the hot water reservoir’s flow inside the cooling tower.

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Key segments

By Product Type:

• Hybrid Cooling
• Water Cooling
• Air Cooling
• Evaporative Cooling

By Function:

• Transport Cooling
• Stationary Cooling

By End-User:

• Utility and Power
• Chemical
• Food & Beverage
• Chemical
• Pharmaceutical
• Oil and Gas
• Others

By Region:

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

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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According to Future Market Insights, the global air conditioning compressor market is expected to be valued at US$ 25,941.3 Mn in 2022 and further grow at 5.0% CAGR between 2022 and 2032. Overall sales of air conditioning compressors are projected to total a valuation of US$ 42,413.6 Mn by 2032.

Air conditioning compressor sales are increasing as the world’s infrastructure sector develops. The GDP of the entire world depends heavily on infrastructure. Due to the significant contribution of emerging and developing economies to global economic growth, it is expected that the need for air conditioning compressors will increase dramatically during the forthcoming decade.

Air conditioning compressors find application in homes, workplaces, hospitals, entertainment venues, automobiles, and other commercial and industrial buildings. Many people in developing nations view air conditioning as a luxury product for the home.

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Because of reasons like rising population, falling AC prices, increasing disposable income, and changing consumer lifestyles, a positive growth trajectory for air conditioning compressor market has been predicted by FMI for the projection period.

Similarly, there is an increasing need for air conditioners everywhere, particularly in urban areas, as a result of increased air pollution, high temperatures, and humidity levels. Fluctuation in temperature is prompting people to install cooling units in their buildings. This will continue to boost the sales of air conditioning compressors during the assessment period.

Key Takeaways from Market Study

• Based on type, rotary type is projected to hold the highest share of 56.8% in terms of volume in 2022.
• By refrigerant type, the R290 refrigerant segment is expected to grow at a CAGR of 4.5% during the forecast period.
• By application, the residential sector is projected to lead the Air conditioning compressor market, creating an absolute $ opportunity worth US$ 1,069.0 Mn during the forecast period.
• By 2032, East Asia is expected to have the largest share of around 33.1% in the global air conditioning compressor market.
• China’s air conditioning compressor market is projected to grow at 4.9% CAGR during the forecast period,
• The U.S. air conditioning compressor market is likely to create an incremental opportunity of nearly US$ 2,042.5 Mn by 2032.

“Rising application in residential, industrial, transportation, and commercial sectors is a key force behind the expansion of the global air conditioning compressor market forward. Besides this, advancements in compressor technology are likely to boost market over the next decade,” says a Future Market Insights analyst.

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Who is Winning?

Among the industry’s key players are Emerson Electric Co., Daikin Industries Ltd., LG Electronics, The Danfoss Group, Tecumseh Products Company LLC, Panasonic Corporation, GEA Group AG, Johnson Controls–Hitachi Air Conditioning, BITZER SE, Midea Group (GMCC), and Officine Mario Dorin S.p.A and others.

These manufacturers are focusing on increasing their regional market and are involved in marking their direct presence in the local markets by expanding their dealer network. They are also collaborating with local distributors to supply their products globally.

More Insights into Air Conditioning Compressor Market:

The research report analyzes the market demand trend for Air conditioning compressors. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the Air conditioning compressor report is studied and analyzed in the following segments such as type, refrigerant type application, and region. The Air conditioning compressor report gives us qualitative and quantitative information about the companies.

About FMI – Industrial Automation

The Industrial Automation division of FMI offers a novel approach and innovative perspective in analysing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing and identifying new revenue prospects.

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Key Segments Covered in Air Conditioning Compressor Industry Analysis

By Type:

• Rotary
• Screw
• Scroll
• Centrifugal
• Reciprocating

By Refrigerant Type:

• R410A
• R22
• R404A
• R134A
• R290
• R32
• Others

By Application:

• Residential
• Commercial
• Medical & Healthcare
• Industrial
• Transportation

By Region:

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

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:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
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T: +1-845-579-5705
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