Market Research Blog – Page 7003 – New Product Development

North America Variable Frequency Drive Market 2022 Expectations & Growth Trends Highlighted Until 2032

North America Variable Frequency Drive Market stands at 4.77 Bn as of now and is expected to be worth US$ 5.06 Bn by the year 2032 at a CAGR of 6% from 2022 to 2032.

North America is known for being more into machines and less into human labor. Variable frequency drives help in smooth sailing with respect to dependence on these machines. They, in fact, help verticals in manufacturing more products with minimal wastage. It has been reported that these drives reduce downtime by increasing machine productivity, machines’ efficiency, and quality of production.

A variable frequency drive (better known as VFD), could be described as a kind of motor controller driving an electric motor by varying voltage and frequency supplied to electric motor. The other terms to refer to VFD include adjustable speed drive, variable speed drive, AC drive, adjustable frequency drive, inverter, and Microdrive. The three different kinds of VFDs are fluid drives, electric drives, and mechanical drives.

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Rising prices of energy have resulted in an inevitability of energy-efficient motor control systems. They prove to be a good alternative to various throttling devices like valves and dampers and fixed speed controllers. Along these lines, Len Busch Roses has Danfoss’ variable frequency drive for regulating airflow in snapdragon greenhouse, that too, with precision. As such, Len Busch has witnessed reduction in energy costs by 22%.

Smart grid technology is being increasingly adopted, which could open doors for varying voltage and phase angle required. This ascertains that electricity gets transferred more efficiently.

Single VFD is getting used to control multiple electric motors, so as to dissipate less energy. Synchronous bypass method makes use of a VFD for starting and synchronizing multiple motors through transfer of load from a source to the other. Rockwell Automation states that asynchronous variable frequency drive system used to control two motors is capable of saving up to 33% of the initial capital spending.

At the same time, the fact that VFDs release pulses that are asynchronously switched can’t be ignored. If there happens to be a long cable between the motor and VFDs, the reflected pulses could result in production of voltage overshooting line voltage, thereby causing tension in cable and motor windings. Insulation thus fails, specifically for the motors that operate at 490 volts (or even higher). Future Market Insights has, through its latest market study entitled ‘North America variable Frequency Drive Market’, etched these findings with future perspectives.

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Key Takeaways from North America Variable Frequency Drive Market

The AC drive dominates North America Variable Frequency Drive market. It, in fact, accounts for more than 70% of the overall market. This could be credited to wider application on their part in heavy and medium industries like power generation, oil and gas, food and beverages, paper and pulp, infrastructure, and automotives.
Low voltage accounts for more than 80% of the overall market share due to growing demand for low power variable frequency drives in fans, pumps, machine tools, crane, fluid machines, printing machines, metal processing machines, and food processing machines.

“Call for better productivity with reduced downtime to drive North America Variable Frequency Drives market”, says an analyst from Future Market Insights.

Competitive Landscape

Yaskawa Electric Corporation, in June 2021, announced tabling HV600 family of the drives that incorporates advancements in HVAC applications’ variable speed control.
Eaton Corporation, in June 2021, came up with PowerXL DM1 micro variable frequency drive designed for OEMs at industrial and commercial level.
Fuji Electric, in September 2022, announced working on virtual power plant in the direction of spreading renewable energy.
Emerson, in June 2022, acquired Fluxa, thereby strengthening its foothold in the life sciences vertical.

What does the Report Cover?

Future Market Insights offers an exclusive perspective and various real-time insights on North America Variable Frequency Drive market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
The research study is based on voltage range (low voltage range and medium voltage range), by end-use vertical (oil & gas, food processing, and automotive), and by application (standard and regenerative).

Key Segments Profiled

By Voltage Range Type:

Low Voltage Range
Medium Voltage Range

By End-use Industry:

Oil & Gas
Food Processing
Automotive

By Application:

Standard
Regenerative

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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.

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Change management software is expected to reach $4.4 billion by 2032

The global change management software market is expected to reach a valuation of US$ 4.4 Bn by 2032 from US$ 1.9 Bn in 2022, rising at a CAGR of 8.8% throughout the forecast period. The change management software market is likely to be driven by an increase in digital transformation and automation of IT processes and applications.

The change management software market is projected to be restrained by the complexity of integrating technologies and toolsets. However, the rise in demand for artificial intelligence and machine learning as value-added capabilities in vendors’ solutions is expected to generate a big opportunity for them as DevOps and AI usage develop.

Furthermore, advancements in wireless technology, increased internet penetration, and an increase in the number of connected devices are driving the Internet of Things forward, which is also positively impacting the change management software market adoption trends. As a result, new opportunities for change management software manufacturers are opening up, strengthening the global industry.

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During the forecasting period, North America accounted for the highest share of the change management software market. The ITSM solution includes a change management software solution that is used to monitor and track changes in the IT infrastructure. It aids in reducing the negative effects of IT-related changes on an organization.

For diverse applications, the reliance on automated digital mediums and AI is growing in every area, including banking, IT, healthcare, education, and others. The increasing adoption of AI in the IT and telecom sectors are expected to boost the change management software market growth.

As per the global change management software market study, the continuous expansion of internet connectivity around the world, as well as various technological breakthroughs like as 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI), have bolstered economic growth tremendously in the last two decades.

Key Takeaways

The software component segment of the change management software is projected to advance at a CAGR of 9% throughout the forecast period.
In 2026, North America is predicted to have a market share of over 30%, followed by the Asia Pacific. Increased cyber security threats, particularly among the government and banking sectors, are credited to the growth of the change management software industry?in North America.

During the projection period, the market in the Asia Pacific is expected to grow at a CAGR of more than 15%, followed by South America. India, China, and Japan are among the major countries in the region that are driving the change management software industry. Market growth is expected to be hampered by increasing third-party partnerships and weak IT infrastructure.
Over the projection period, the telecom and IT segment are expected to hold the biggest change management software market share and offer considerable development prospects.

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Competitive Landscape

ServiceNow Corporation, BMC Software, Inc., CA Technologies, IBM Corporation, Cherwell Software, LLC., Ivanti, Axios Systems, EasyVista Inc., Micro Focus International Plc, and Zoho Corporation are among the major participants in the worldwide?change management software industry.

These companies have used a variety of growth tactics to enhance their global footprint and market share, including new product launches, partnerships, contracts, collaborations, acquisitions, and expansions.

Key Segments

By Component:

Software
Services

By Deployment Type:

On Premise
Cloud based

By Organization Size:

SMEs
Large Enterprises

By Industry Type:

BFSI (Banking, Financial Services and Insurance)
Healthcare and Life Science
Education
Government and Public Sector
Telecom and IT
Retail and Consumer Packaged Goods
Others

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By Geography:

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

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Business Value Dashboard Market is expected to grow at a rapid rate of 17.3% the forecast period 2032

The IT associations are acquiring a high ground with the reception of Business Value Dashboard Market and are utilizing the IT measurements with key business files. The business esteem dashboard market is projected to have a quick paced CAGR of 17.3% during the gauge time frame. The ongoing valuation of the business esteem dashboard market is US$ 1290.0 million out of 2022. The market worth of the business esteem dashboard market is assessed to arrive at a high of US$ 6350.0 million constantly 2032.

In a highly complex IT migration projects business value dash boarding is crucial. There are several moving parts, interconnected resources, and dependencies as well as different teams – without these business value dashboards it is nearly impossible to figure out the bottleneck that might be holding up thousands of units at the moment.

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A business value dashboard connects IT metrics with the appropriate key business indicators and enables IT organizations to analyze, validate and communicate the value they contribute to the organization.

With the power of business value dashboards, it’s possible for end users to personalize their dashboard to suit their exact needs. If an executive manager wants their business value dashboard to contain a hyper-specific set of data and management assets that are relevant to a given task, such as a large-scale IT migration, it can be done.

In addition to this business value dashboards allow IT teams to visualize and abstract all the relevant data for intelligence, prioritize, and ultimately get more numbers on the board.

Another important advantage of making use of business value dashboard is that it can help to highlight any under- and over-performing segments of the project, hence identifying any bottlenecks or opportunities to streamline the migration process.

For example, if an enterprise has thousands of users that are waiting for a piece of application infrastructure or network link, which is holding up their migration – with the help of business value dashboard, the enterprise can figure out the cause which would be nearly impossible if the enterprise would be relying on spreadsheets to manage their project.

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Business Value Dashboard Market: Drivers and Challenges

Few of the major driving factors of the business value dashboard market are the vast volume of data that IT and other industries need to monitor and understand, and the need to find the elements of that vast volume of data that influence things that the business cares about and is important for their success. In addition to this, when any enterprise migrates to a better IT infrastructure, business value dashboards helps in determining the elements that prove to be a bottleneck in this transition, thereby making the transition smooth.

Hence business value dashboards are an essential part of any IT migration project as they allow IT managers, administrators, schedulers, executives and others to analyze and visualize all existing data, glean insights into bottlenecks and hold-ups and find ways to streamline their project as well as have data-driven discussions.

Business Value Dashboard Market: Key Market Players

Few of the companies in business value dashboardmarket are: Hewlett Packard Enterprise, Salesforce.com, Tableau Software, ServiceClarity, PureShare by TeamQuest, Interlink Software Services Ltd., Proxima Software Solutions, International Business Machines Corporation, and eMite.

These companies are focused towards continually upgrading their solutions in order to increase their market share in business value dashboard market.

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Key companies identified in the market are

Hewlett Packard Enterprise
Interlink Software Services Ltd.
eMite
Salesforce.com
PureShare by TeamQuest
Proxima Software Solutions
Tableau Software
International Business Machines Corporation
ServiceClarity

Key Segments in the Business Value Dashboard Market

By Component:

Software
Services

By Segmentation:

Software-as-a-Service
On-premises

By Verticals:

BFSI
IT and Telecommunications
Retail
Healthcare
Manufacturing
Utilities
Government & Defense
Transportation
Others

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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Access Control Market is expected to reach $50.4 billion by 2031

As per recently delivered information on the access control market examination by Future Market Insights (FMI), the market will develop at a CAGR of 12.6% from 2021-2031, with income adding up to US$ 15,371.0 Mn before the finish of 2021. Development has been credited to fast innovative progressions in the IT and telecom industry. Cutting edge innovations have become fundamental in working on monetary intensity, accordingly impelling business sector development.

The reception of access control frameworks in different industry verticals is relied upon to push the market. Data and information security is turning into a main concern for modern associations to get their data and other computerized resources from dangers.

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The COVID-19 pandemic has affected each area with social separating standards pushing associations towards digitalization to guarantee information and resource wellbeing. Organizations that put resources into advanced change drives in the past have ended up being stronger during the emergency. The flare-up of the Coronavirus infection has introduced a test to networks and organizations, where the utilization of actual security frameworks has become in excess of a way to forestall crime.

The worldwide security industry has quickly changed with the appearance of distributed computing and remote access offices, which is probably going to fuel interest for access control arrangements before long. Access control deals are assessed to ascend at a 12.6% CAGR somewhere in the range of 2021 and 2031 in contrast with the 8.1% CAGR enlisted during 2016-2020.

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With fast advancement in distributed computing and access control, the security and controls market has changed, in contrast with the earlier decade. Arising cloud-based advances give web-and cloud-based answers for cost-viability, ongoing investigation, simple admittance to information, incorporation with different frameworks and programming, sharing of information inside and remotely, versatility, and adaptability.

Key Takeaways from the Access Control Market Study

Iris acknowledgment access control frameworks will observer the most noteworthy development rate at more than 16%, inferable from interests into new biometric security arrangements through 2031.
The medical services area is expected to catch the biggest portion of 19.8% in 2021, upheld by security worries in medical care offices related with the utilization of EMR.
The U.S. will stay prevailing in North America with a 84.5% offer in 2021, upheld by quicker admittance to tech improvements in end use verticals.
The market in Japan is relied upon to advance at a significant CAGR of near 17% through 2031, upheld by a tech-driven economy.
In the U.K., deals are relied upon to increment at a CAGR of over 15% over the course of the following ten years, driven by positive government ventures and strategies.

Competitive Landscape

Key vendors of access control solutions are focusing on evolving their existing product and service portfolio. Some major players are Identiv, Honeywell International Inc., NEC Corporation, Johnson Controls, Bosch Security and Safety Systems, Assa Abloy AB, Thales Group, STANLEY Convergent Security Solutions, Inc., 3M, Secom Co., Ltd., Dormakaba Holding AG, HID Global, Matrix Comsec Pvt. Ltd., Paxton Access Ltd., BioEnable Technologies Pvt Ltd., Spectra Technovision (India) Pvt. Ltd., ZKTeco India, Intellicon Private.

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Academic Scheduling Software Market is expected to reach $35.2 billion by 2032.

The global academic scheduling software market is estimated to garner US$ 35.2 Billion while exhibiting a 13.7% CAGR during the forecast period ranging from 2022 to 2032. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 9.8 Billion in 2022.

The global academic scheduling software market is primarily driven by its increasing application across various educational institutes like schools, colleges, and universities.

Due to factors such as an increase in the number of academic scheduling and hosted service providers, the worldwide academic scheduling software industry is predicted to rise significantly over the forecast period. The demand for academic scheduling software is being driven significantly by the rapid digitalization of an expanding number of internet users.

The cloud-based segment is likely to offer remunerative opportunities for the global academic scheduling software market. Several emerging economies are making significant developments in their educational sector, thereby, providing lucrative opportunities to players in the market.

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Key Takeaways:

By deployment, the cloud-based segment is expected to record a 13.6% CAGR by 2032
By end-user industry, the schools segment to expand at a 13.7% growth rate during the forecast period
The U.S market to garner US$ 12.6 Billion and record a 13.4% CAGR from 2022-2032
Market in China to procure US$ 2.5 Billion, expanding at a 13.0% growth rate during the assessment period

Competitive Landscape

Eminent players of the global academic scheduling software market include ASIMUT Software APS, CollegeNET, Drivers Ed Solutions, EMS Software and FORADIAN Technologies among others. Recent key developments among players include:

In January 2022 -CollegeNET, Inc., a leading provider of web-based on-demand technologies for higher education, released the 2021 Social Mobility Index (SMI). The SMI benchmarks four-year U.S. colleges and universities according to how effectively they enroll students from low-income backgrounds and graduate them into good-paying jobs. The 2021 SMI includes 1,549 four-year institutions.
In September 2021- ASIMUT software ApS announced a major upgrade of its industry-standard room booking and event management software for arts colleges, ASIMUT 3.0, to replace the previous second-generation introduced 13 years ago, back in 2008, that has seen 29 updates over time.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global academic scheduling software market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Deployment (Cloud-based, Wed based)) by End-user industry (schools, Collages, universities, Educational institutes), and Region (North America, Europe, APAC, MEA and Latin America)

About the Technology Division at Future Market Insights

The Technology 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 of key trends including competitive landscape, profit margin, and research development efforts.

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Tipper Body Equipment Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2032

APEJ accounted for more than 20% of the global tipper body equipment market in 2016 and is expected to account for close to 30% by the end of 2026. In comparison to 2016, the region is expected to gain more than 150 BPS by the end of 2026. The APEJ region is expected to lead the global tipper body equipment market in terms of CAGR during the assessment period, expanding at a healthy CAGR of 4.8 percent.

By the end of 2026, the region’s market value is expected to exceed US$ 1,000 million. Between 2016 and 2026, China is expected to account for more than one-fourth of the value share in the APEJ tipper body equipment market.

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In addition, cost-intensive capital and high maintenance will also remain the long-term restraints for market growth. However, high initial costs of purchasing tipper body equipment are subsequently boosting the establishment of tipper rental businesses and compelling those that are already established to become more organised to cater to a growing trend of the rental tipper body equipment.

Global Tipper Body Equipment Market: Regional Insights

A regional analysis of the global tipper body equipment market by Future Market Insights indicates that Asia Pacific (excluding Japan), North America, Latin America, and Europe will be the key markets throughout the next decade.
APEJ, driven by China and India, is projected to dominate with more than 28% value share at the end of the assessed period with a gain of 180 BPS.
North America will remain the second-largest regional market that is expected to bag over 23% share in 2026.

Global Tipper Body Equipment Market: Key Vendor Insights

Among some of the key companies operating in the global tipper body equipment market landscape, Schmitz Cargobull AG and Hyva Global B.V. are likely to continue representing leading revenue shares over the forecast period.
Other notable players include Crysteel Manufacturing Inc., Thompsons (UK) Ltd., BION INDUSTRIAL LLC, and F.X. MILLER.
While the majority of key players are strategising new product launches, collaborations, and joint ventures, others are focusing more on production capacity expansion and acquisitions.

Global Tipper Body Equipment Market: Overall Dynamics

With increasing urbanisation and thriving construction and mining sectors, demand for tipper body equipment is expected to remain stable in the coming years. Consistent demand from the waste management industry will also drive the market for tipper body equipment. Furthermore, technological innovation in tipper body products, such as redesigning the driver’s cabin in tipping equipment and vehicles to provide the most convenient operating experience possible, is expected to boost sales in the near future.

Manufacturers’ increasing use of advanced telematics systems is expected to remain a key market driver over the next decade. During the assessment, another key factor identified as potentially driving market growth is the rapid adoption of automation.

Another remarkable trend driving the market includes the development of cost-competitive products to maximise penetration in emerging economies, such as China, India, and South Africa. Development of effective tipper body equipment with enhanced load-carrying capacity and provision of the efficient buyer and drivers’ training by manufacturing entities are likely to present lucrative growth opportunities. While product development with advanced diagnosis systems can be a key to sustaining relatively mature markets, such as North America and Western Europe; massive potential lies in developing countries, including BRIC nations.

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Global Tipper Body Equipment Market Segmentation

To understand and assess opportunities in the global tipper body equipment market, we have divided the report into six sections based on market segmentation as under:

By Tipping Type

Roll-off Tipper Body
3-Way Tipper Body
Rear Tipper Body

By Load Carrying Capacity

Below 15 tons
15–30 tons
30 tons & above

By Mechanism

Hydraulic
Pneumatic

By Frame Material

Steel
Aluminium

By End Use

Mining
Construction
Waste Management
Marine Services
Others

By Region

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific Excluding Japan (APEJ)
Middle East and Africa (MEA)
Japan

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5G Technology Market will grow at a CAGR of 71.9% to reach US$ 248.4 Bn by 2028

According to a recent report by Future Market Insights (FMI), the 5G Market in Aviation is expected to surpass a valuation of US$ 7.8 Bn at a CAGR of over 26.4% through 2032. The aviation industry is focused on small cells because of the better range and the quality of 5G network. Small cells are low powered cellular radio access nodes that can operate in different spectrums with a range of 10 meters to few kilometers. This is an important method to increase the quality, connectivity, resilience.

The aviation industry is focused on the small cells because of the better range and the quality of 5G network. Small cells are low powered cellular radio access nodes that can operate in different spectrums with a range of 10 meters to few kilometres. This is an important method to increase the quality, connectivity, and resilience.

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Inside the airport small cells have wide range of technical and economic advantages because they maximise the reuse of the spectrum. Small cells integrate with the Wi-Fi as the spectrum connectivity is very faster. 5G technology is widely used in aviation platforms mainly in airports, drones, and aircraft repairing. The speed of 5G technology is largely dependent on the frequencies used, with the use of new frequencies one can send messages to the congested areas, which can be used for the tracking purpose. By using the above methodologies the missing airplane can be contacted and used to identify the regions. Owing to these applications, the aviation industry is expected to largely benefit through the implementation of this technology.

Key Takeaways from the 5G market in aviation Market Study

Enhanced Mobile Broadband is expected to hold the largest share in the technology segment. Enhanced Mobile Broadband is a vital point for the fastest connection in the 5G technology.
The U.S. holds a growth of CAGR 25.9% from 2022 to 2032.
The small cell segment is expected to emerge as the fastest-growing segment, registering a CAGR of 25.8% from 2022 to 2032.

Who is winning?

Leading players of 5G Market in Aviation are focused in developing the 5G infrastructure in the airports for the better connection and to access the log data virtually. For regulating and reducing the passenger traffic 5G market in aviation industry is used.

Key players present in the 5G market in aviation industry are Ericsson, Nokia, Cisco Systems, Panasonic Avionics Corporations, Huawei Technologies Co. Ltd., Gogo Llc, Anuvu, OneWeb, Aeromobile Communication, Smartsky Network, Inseego Corp and Intelsat among others.

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Market Segments Covered in 5G Market in aviation Industry Analysis

By End-use:

5G Infrastructure for Airport
5G Infrastructure for Aircraft

By Communication Infrastructure:

Small cell
Distributed Antenna System

By Technology:

Enhanced Mobile Broadband
Fixed Wireless Access
Ultra-Reliable Low Latency Communications/ Massive Machine Type Communications

By Application:

Airport Operations
Aircraft Operations

By Region:

North America
Europe
Asia Pacific
MEA
Latin America

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Bulk Terminals Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2030

Bulk terminals play instrumental role in industrial infrastructure, wherein they ensure safe and efficient movement of critical resources. Despite current downturns in global seaborne trade due to COVID-19 pandemic, the global minor bulk trade has expanded considerably. Analysts at Future Market Insights (FMI) have estimated that global minor bulk traded has expanded up to 1.74 billion tons.

Production of steel and forest products has made up for 43% of minor bulk trade, says FMI report. In addition, metals and minerals have captured around 37% followed by agricultural products, which represents 20% of minor bulk trade.

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Agricultural yield is majorly concentrated on countries such as the US, Argentina, Brazil, China, and India, which accounts for over ¾ of export and import of several grains as minor bulk commodities.

Bulk Terminals Market Size Study

Sales of bulk terminals to remain stable over the forecast period, 2020-2030
Dry bulk continues to generate greater total returns to shareholders (TRS)
Nearly 190 terminals were under expansion worldwide in June 2019, with an additional 49 under construction
Markets in Europe and North America to generate relevant value through 2030

COVID-19 Impact on Bulk Terminals Market

The COVID-19 pandemic is triggering huge supply chain disruptions for bulk terminals market due to strict lockdown measures, especially in Asian supplier regions. Such stringent measures have led to dearth of workers – truck drivers and labors – at port terminals.

In addition, the market is suffering due to shortage of transportation facilities such as. Studies reveal that trucks and containers dropped by about 50% due to decreasing number of trailers and unavailability of drivers. This has further slowed down transshipping operations at terminals.

Driven by rising concerns regarding worker safety, several end-use industrial operators have brought manufacturing processes to temporary halt, thereby, hurting the demand for bulk terminals.

In an effort to stay afloat amid the COVID-19 crisis, upgradation in automation capabilities will be critical for bulk terminal market players in immediate future.

Bulk Terminals Market – Competitive Intelligence

Leading players in global bulk terminals market are focused on inorganic growth strategies such as mergers and acquisitions (M&A) as well as contracts in order to boost theor market presence. Case in point,

Ultramar Group has entered into transshipment collaboration with Acron Group to transship over 1.2 million tons per year (tpy) of mineral fertilizers.
Noatum Maritime has taken over multi-purpose bulk terminal business from Noatum Ports.
Teck Resources and Westshore Terminals have entered into an agreement for new throughput contract for export of metallurgical coal beginning in April 2021. The contract will witness 5-7 million mt of metallurgical coal exported from April through December 2021.

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A new market research report published by Future Market Insights (FMI) on the global bulk terminals market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the bulk terminals market through two different segments – bulk type, and region. The bulk terminals market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of barcode printers and product adoption across several end-use industries.

COVID-19 Impact on Bulk Terminals Market

Driven by rising concerns regarding worker safety, several end-use industrial operators have brought manufacturing processes to temporary halt, thereby, hurting the demand for bulk terminals.

In an effort to stay afloat amid the COVID-19 crisis, upgradation in automation capabilities will be critical for bulk terminal market players in immediate future.

Bulk Terminals Market – Competitive Intelligence

Ultramar Group has entered into transshipment collaboration with Acron Group to transship over 1.2 million tons per year (tpy) of mineral fertilizers.
Noatum Maritime has taken over multi-purpose bulk terminal business from Noatum Ports.
Teck Resources and Westshore Terminals have entered into an agreement for new throughput contract for export of metallurgical coal beginning in April 2021. The contract will witness 5-7 million mt of metallurgical coal exported from April through December 2021.

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Vulvodynia Treatment Market | Eli Lilly and Company, AstraZeneca Plc., GlaxoSmithKline Plc., Pfizer Inc. | 2028

According to the report, the global Vulvodynia Treatment Market is expected to register a CAGR of 6.3% 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 Bn by the end of 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.

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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.

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.

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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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Barcode Printers Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2032

The barcode printer market is expected to register a CAGR of 7.4% by the end of the forecast period 2016-2026. Manufacturers are using barcode printing technology to help cut costs, streamline operations, and improve quality control that fuel the growth of the barcode printer market.

After the 2008 economic downturn, the manufacturing sector is reviving. A large number of manufacturing companies around the world are implementing automation and process streamlining to reduce time and material waste, thereby improving efficiency and output. Barcoding is one such technique that is becoming more popular. This process has significantly reduced production time in the manufacturing process, driving demand for barcode printers.

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Barcodes have become the de facto standard for storing and labeling product information. Retailers all over the world use barcodes to simplify the recording and sale of supplies and commodities. Barcodes imprinted on labels adhere to products and record information such as product count, date of manufacture, date supplied to the retailer, selling price, and so on.

The information is retrieved and monitored when these products are scanned. This entire process, which takes only a few seconds, not only increases efficiency but also reduces errors. This has aided retailers in keeping track of their products and inventory on store floors and in warehouses.

However, the threat of RFID tags as barcode label substitutes and the low compatibility of barcode printers with various operating systems act as restraints in the global barcode printer market.

Segmentation highlights

The market is classified into six segments: printer type, printing technology, consumables, application, distribution channel, and region. Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode Printer, and Others are the printer types in the barcode printers market.

Based on printing technology, the market has been divided into Thermal Transfer, Direct Thermal, Dot Matrix, Laser, and Ink-Jet. Based on Distribution Channel, the market is segmented as Direct-to-End User, Direct-to-OEM, Dealer/Distributor, and Systems Integrator. Based on application, the market has been divided into industrial/manufacturing, transportation/logistics, retail, healthcare, government, and commercial services.

The Industrial Barcode Printer segment holds the highest market share of 46.1% closely followed by the Desktop Barcode Printer in the Barcode Printers Market. The Industrial Barcode Printer segment is also expected to dominate in the forecast period with a CAGR of 8.3% due to a preference for sturdy and rugged barcode printers with higher productivity.
The thermal Transfer segment holds the highest market share amongst all with 62.8% and is expected to improve further in the forecast period owing to very less cost involved, while Dot Matrix, Laser, and Ink Jet printing technologies are the least preferred technologies and are on the verge of being phased out.
Dealer/Distributor is the most preferred supply channel and is expected to dominate in the future due to higher distribution efficiency, low supply costs, and faster delivery times.

Regional projections

North America and Western Europe are the most promising regions for the growth of the market owing to a higher preference for barcoding technology in different applications, while the market in the Latin America region is on a slow and stagnant growth due to low adoption of barcoding technology. The growth of the Barcode Printers market in the APEJ region may also grow at a slower pace due to saturation and the slow down of the manufacturing sector in China.

Vendor insights

Major players identified in the Barcode Printers market are Zebra Technologies Corporation, Avery Dennison Corporation, Oki Electric Industry Co., Ltd., Toshiba TEC Corporation, and Honeywell International, Inc. committing a combined market share of over 50%. Other major players are SATO Holdings Corporation, Printronix, Inc., and TSC Auto Id Technology Co., Ltd. supplying to various end-use industries and sectors.

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