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The facility management services market is anticipated to grow from US$ 42.2 billion in 2021 to US$ 76.3 billion in 2026, with a CAGR of 12.6% during the forecast period.

The demand for cloud-based facility management solutions and a rise in the demand for facility management systems integrated with intelligent software are two factors that are likely to accelerate the adoption of facility management services.

Key Contributors to the Facility Management Services Market

A safe and secure way to host facilities management software is through cloud-based solutions. By improving security and communication among teams and subsidiaries dispersed across numerous locations, they help businesses lower operational costs.

The benefits of cloud-based facilities management solutions include safe hosting of sensitive data, improved security and scalability, and quick disaster recovery. Businesses can quickly access critical server data because the backups are kept on a public or private cloud hosting platform. Data can be accessed from any location that has a dependable internet connection thanks to secure logins.

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Customer satisfaction is increased and repair and maintenance costs are decreased thanks to cloud-based facilities management systems. As a result, there has been a rise in the adoption of cloud-based solutions for integrating facility management services, which is anticipated to fuel market growth.

Factors Limiting the Growth of the Facility Management Services Market

Facilities management offers benefits that organisations aren’t fully aware of. The problem is a result of inadequate adoption of necessary technology and knowledge. Many businesses are still using cloud computing technologies, but they have not yet developed an IoT ecosystem.

Additionally, their transition from conventional to contemporary workplace designs is still in its infancy. Businesses are unaware of the new options available even though facilities management is a crucial part of operations.

Because of this, it has been challenging for businesses to give their facilities management department equal weight without endangering their core operations.

Lack of consistency is another problem that arises, especially in operations with many buildings. To ensure access and security when issues arise, quick action is crucial.

Competitive Landscape of the Facility Management Services Market

The market for facility management services is highly competitive. One of the main tactics used by players is to invest in new technology for the creation of software. In addition, players use mergers and acquisitions as part of their inorganic growth strategy.

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Recent Developments in Facility Management Services Market

• Oracle teamed with Propre Japan Inc. in May 2020. Oracle Japan will assist Propre Japan Inc. in developing Propre’s real estate big data platform, which will be available in 17 countries across the world. Oracle’s client base would grow as a result of this agreement.
• Koch Industries, Inc. announced in April 2020 that it has finalised the purchase of the remaining share of Infor from Golden Gate Capital. Koch was a prominent client, integrating Infor solutions throughout its companies in areas including enterprise resource planning, human resources, supply chain, asset management, and finance, in addition to being an Infor investment since 2017.
• Trimble was bought by MRI Software in April 2021. Manhattan Real Estate and Workplace Solutions were acquired by MRI Software from Trimble.
• Fortive purchased ServiceChannel in July 2021. ServiceChannel is a prominent provider of multi-site software as a service (SaaS). Along with Accruent and Gordian, it increased Fortive’s portfolio of Facility and Asset Lifecycle workflow solutions.

Key Segments

By Type:

• Outsourced
• In-house

By Service:

• Hard Service
  • Electrical
  • Civil
  • Mechanical
  • Specialized Hard Services
  • Others Hard Services
• Soft Service
  • Cleaning
  • Laundry
  • Landscaping
  • Security
  • Others Soft Services
• Management Service
  • Contract Management
  • Energy & Utilities
  • Maintenance Planning & Control
  • Others Management Service

By Application:

• Government & Public Sector
• Industrial
• Commercial
• Education
• Transportation
• Healthcare
• Others

By Region:

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

About Future Market Insights (FMI)

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

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In 2021, the market for hazardous area equipment was estimated to be worth US$ 8.84 billion. By 2032, it is anticipated to be worth US$ 15.43 billion, growing at a CAGR of 5.2 percent.

Factors such as the growing importance of emerging economies result in the rise of a variety of industries that rely heavily on hazardous area equipment, which frequently drives the global hazardous area equipment market.. The hazardous area equipment market is being driven by the growing demand for equipment in several industries.

A fundamental reason limiting the proliferation of hazardous area technology is the fact that wireless hazardous area equipment acts as a source of ignition in hazardous areas. Manufacturing hazardous area equipment that can operate in large areas and overcome noise is another significant challenge for the industry.

The rise in the use of LED lighting solutions for hazardous and safe environments, as well as an increasing focus on industry safety measures, are driving the growth of this market. As a result, the market for hazardous area equipment is predicted to develop steadily over the next five years.”

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According to the hazardous area equipment market report, as a result, the global hazardous area equipment market’s leading players have implemented various tactics and strategies to boost hazardous area equipment market growth and overcome the pandemic condition. The global hazardous area equipment market has increased in size.

It comprises cable glands and accessories, control panels, buttons, illumination, and strobe beacons, among other items. Process industries fuel the demand for hazardous area equipment since the equipment’s operations must continue to work despite extreme heat, radiation, or harmful substances. Hazardous area equipment is used according to the hazardous area’s division, class, or zone.

The increased focus on increased safety measures in sectors, particularly process, and cooling industries, is creating a great demand for flame- and explosion-proof hazardous area equipment such as industrial controllers, cable glands, motors, sensors, strobe beacons, lightings, and other items.

The growing number of industries in which hazardous area equipment is critical is propelling the hazardous area equipment market forward. Factors such as the rising significance of emerging economies are causing the rise of several businesses with a high concentration of hazardous area equipment, which is propelling the global hazardous area equipment market.

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As a result of the increased demand for global products and services after the COVID-19 outbreak, the hazardous area equipment market is expected to grow.

The hazardous area equipment market size and its value in the global market are determined by the value chain analysis of the products and services. With this information, an accurate forecast of global hazardous area equipment market growth for the forecast period can be anticipated.

Various industrialists, specifically cooling and process industries, are in need of hazardous equipment, according to the hazardous area equipment market report analysis, which is predicted to develop the market potentiality in the forecast period (2022-2032).

About Future Market Insights (FMI)

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

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During the forecast period, the global market for barcode printers is anticipated to grow at a moderate rate of 7.4%. In 2022, the market is expected to be worth US$4,188.60 million. By the year 2032, it is predicted that the market for barcode printers will reach a high of US$ 8,552.87 Million. The experts at Future Market Insights have calculated historical for the relevant market.CAGR of 5.6%

A Barcode printer is defined as an electronic device designed specifically for the printing of barcodes. The working principle and build of a barcode printer are slightly different from computer printers as it uses ribbons and labels working in tandem to get a barcode printed. Barcode printers usually don’t have programmable logic controllers, but rely on an external computer system.

Growth in the manufacturing sector is reviving after the 2008 economic crisis. Automation and streamlining of manufacturing processes are being adopted by a large number of manufacturing companies worldwide to reduce time and material wastage, thereby improving efficiency and output. Barcoding is one such technique that is increasingly being adopted. This process has reduced production time considerably in the manufacturing process, thereby driving demand for barcode printers.

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Barcodes have become the de facto standard for product information storing and labelling. Retailers worldwide use barcodes for the hassle-free recording of supplies and commodities and their sales to customers. Barcodes imprinted on labels are stuck to the products and they record information about the product count, date of manufacture, date supplied to the retailer, selling price, etc.

When these products are scanned, the information is retrieved and monitored. This entire process, which is achieved within a matter of seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses.

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

Segmentation highlights

The market is categorically divided into six segments based on printer type, printing technology, consumables, application, distribution channel, and region. The printer type segment of the barcode printers market includes Desktop Barcode printers, Industrial Barcode printers, Mobile Barcode printers and Others.

Based on printing technology, the market has been divided into Thermal Transfer, Direct Thermal, Dot Matrix, Laser and Ink Jet. Based on distribution channels, 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.

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Regional projections

North America and Western Europe are the most promising regions for the market’s growth 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 development of the Barcode Printers market in the APEJ region may also grow at a slower pace due to saturation and the slowdown of the manufacturing sector in China.

The Industrial Barcode Printer Segment Holds the Highest Market Share in the Global Barcode Printers Market

Desktop Barcode Printers, Industrial Barcode Printers, Mobile Barcodeprintersr, and Others are the several types of barcode printers available. In the Barcode Printers Market, the Industrial Barcode Printer category has the most significant market share of 46.1 per cent, followed by the Desktop Barcode Printer.

Due to a desire for strong and tough barcode printers with higher productivity, the Industrial Barcode Printer segment is predicted to dominate in the forecast period with a CAGR of 8.3%.

Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape

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

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The growth of global shunt reactor market is linearly associated with energy demand worldwide, states a new study by Future Market Insights (FMI). Consumption of primary energy stood globally at 576 exajoules in 2019, with China, the US, and India leading the way. Alerted by the increasing carbon footprint, the industrial sector is rapidly investing in renewables, which made up for around 40% of worldwide growth in primary energy in 2019, finds the study.

The FMI report further opines that market players must innovate shunt reactors to meet the needs for power quality and voltage stability with grid integration of renewable energy sources.

Shunt Reactor Market Size Study

• Air-core dry type shunt reactors to witness greater traction through 2030
• Adoption of variable shunt reactors (VSR) to accelerate in near future
• High demand for shunt reactors to come from industrial sector over following decade
• Single phase shunt reactors to gain momentum
• Market players to turn to Asia Pacific excluding Japan (APEJ) for potential growth avenues

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“The networks for distributing and transmitting electrical energy is confronting new demands owing to changes in load structure and power generation. Both environmental and commercial drivers are contributing to this demand, so does power quality. As complexity of these systems is scaling up, adoption of shunt reactors is surging as they are reliable and cost-effective solution,” says analyst at FMI.

COVID-19 Impact on Shunt Reactor Market

The global demand for shunt reactors has been severely affected as over half of the global population is following stay-at-home orders, resulting in steep collapse in electricity consumption.

The International Energy Agency (IEA) reveals that consumption generally dropped by up till 20% for every month nationwide lockdowns continued. Usage in China – the first country to enact lockdown – fell by 6.5% during Q1 2020.

Countries such as India, the US, France, and the UK witnessed demand fall by at least 15% during lockdowns, while electricity demand in Italy – during peak of COVID-19 outbreak – fell down by about 75% at times.

Although residential demand has scaled by up till 40% as customers are working from home, the upsurge is nowhere close to reversing the impacts of shutting down businesses, particularly in service sector.

Realizing depressed electricity demand, priority access to grids, and low operating expenses, several countries are turning to renewables. In the US, natural gas continues to lead the pack, followed by renewable, having outshone the contribution of coal-based power generation projects.

Share of renewables in India continue to rise in power mix, and the gap between coal and renewables has narrowed down during lockdown timeframe. In China, renewables are maintaining greater share in power mix after relaxation of lockdown measures. These trends will create fertile breeding for shunt reactor manufacturers in coming years.

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Shunt Reactor Market – Competitive Intelligence

The global shunt reactor market is highly competitive, as leading players are striving to capture value at stake. Manufacturers are focusing on designing innovative solutions to serve diverse applications. For instance,

• Trench Group develops air-core shunt reactors that stretch from small kVAr units for use cases including, limiting capacitor bank inrush, to large power reactors for myriads of use case including, shunt reactors that are over 100 MVAr per coil.
• Zaporozhtransformator PJSC is developing magnetically controlled shunt reactors (MCSR) in order to implement flexible AC transmission systems (FACTS) projects.
• Siemens AG has developed 100 MVAr variable shunt reactor for HOPS to address the challenges of excess reactive power regulation and high transmission voltages.

To Know More About Shunt Reactor Market:

A new market research report published by Future Market Insights (FMI) on the global shunt reactor market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the shunt reactor market through five different segments – product, phase, rating, application and region. The shunt reactor 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 shunt reactor and product adoption across several end-use industries.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on 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.

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“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.

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.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2017-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (‘000 Units) Analysis, 2017-2021

5.2. Current and Future Market Volume (‘000 Units) Projections, 2022-2032

5.3. Y-o-Y Growth Trend Analysis

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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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Refrigeration and Air Conditioning Compressors Market – Rising adoption of refrigeration and air conditioning compressors for various applications will increase the sales at a CAGR of 2.7%, reaching a valuation of US$ 41.2 Bn by 2029.

Air Conditioning Systems Market  – The global air conditioning systems market is expected to garner momentum at a moderate rate of CAGR 6.2% from 2022 to 2032.

Air Scrubbers Market – Global Air Scrubbers Market demand is anticipated to be valued at US$ 2,222.07 Million in 2022, forecast to grow at a CAGR of 9% to be valued at US$ 5,260.3 Million from 2022 to 2032.

Air Pressure Sensor Market – The Air Pressure Sensor Market value is projected to reach US$ 38,485.7 MN in 2032 with a CAGR of 8.0%. The market for air pressure sensors is primarily driven by the growing industrial and automotive sectors as well as the increasing demand for cutting-edge technologies around the globe.

About Future Market Insights (FMI)

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

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The global softgel encapsulation machine market size is set to be valued at US$ 104.5 Mn in 2022 and is projected to grow at a CAGR of 4.3% from 2022 to 2032. The market is anticipated to reach a valuation of US$ 159.6 Mn by 2032.

Ongoing advancements in the techniques for creating capsules has increased the demand for new softgel encapsulation machinery. The softgel encapsulation machine market is expected to grow as a result of the urgent need for more automatic softgel encapsulation machines for large-scale softgel manufacturing. Increasing demand for health supplements in both emerging and mature economies is also fueling the softgel encapsulation machine market.

According to the new FMI analysis, Europe is anticipated to continue to be the most lucrative softgel encapsulation machine market, making up more than one-third of global sales by 2022. Demand for softgel encapsulation machines is directly impacted by growth of the pharmaceutical industry, which has been expanding steadily in recent years.

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Softgel encapsulation machines are mainly utilized for high volume and quick production, reflecting the vitality of the pharmaceutical business. High production is provided by the softgel encapsulation machine, which also allows for the filling of various products.

Softgel encapsulation machine is also very simple to assemble and disassemble, which makes machine maintenance simple. Moreover, the pharmaceutical and nutraceutical industries place a high priority on hygiene.

Softgel encapsulation machines are efficient and upholds hygiene when producing softgel liquid capsules. Due to this, there are a few possibilities for cross-contamination. Owing to their simplicity in terms of use, softgel encapsulation machines can significantly reduce labor costs.

Key Takeaways from the Softgel Encapsulation Machine Market Study

• Germany softgel encapsulation machine market is estimated to grow at a CAGR of 2.8% in the forecast period.
• China is anticipated to hold around 4.8% CAGR in the East Asia softgel encapsulation machine market from 2022 to 2032.
• The softgel encapsulation machine market in the U.S. is projected to create an incremental opportunity of nearly US$ 9.4 Mn in the next ten years.
• By level of automation, the fully automatic segment is anticipated to account for more than 86.6% of the global softgel encapsulation machine market share by the end of 2032.
• Based on type, the oil-softgel encapsulation machine segment is projected to hold more than 84% of the global softgel encapsulation machine market share by 2032.

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 “High atmospheric stability, enhanced bioavailability, improved absorption, taste & odor masking, and ease of swallowing are some of the crucial advantages of softgel capsules, which would push the demand for softgel encapsulation machines in the next ten years,” says a lead analyst at Future Market Insights.

Competitive Landscape: Softgel Encapsulation Machine Market

Some of the key players in the softgel encapsulation machine market are ACIC Pharmaceuticals Inc., U.S Pharmaceutical Equipment, CapPlus Technologies, United Pharmatek, Joysun Mech-Tech, Volks Vita, Changsung Softgel System Ltd., ACG World, Qualicaps, Kamata Machine Co., Ltd., Beijing Xin Hang Cheng Technology Development Co., Ltd., and Hedagel among others.

Key manufacturers are mainly focusing on increasing their regional market share and are involved in distributing their products in the local markets by expanding their dealer network. Players are also collaborating with local distributors to supply their products globally.

Get More Insights into the Softgel Encapsulation Machine Market

The research report analyses the market demand trend for softgel encapsulation machine. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the softgel encapsulation machine report is studied and analysed in the following segments such as level of automation, type, output, and region. The softgel encapsulation machine report gives us qualitative and quantitative information about the companies.

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Technology Roadmap

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage/Taxonomy

    2.2. Market Definition/Scope/Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation/Development Trends

4. Key Success Factors Get full TOC here..

About the Industrial Automation Division of Future Market Insights

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.

Top Reports Related to Industrial Automation Market Insights

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Below 30 Hp Centrifugal Water Pump Market Analysis: The below 30 Hp centrifugal water pump market is anticipated to increase, from US$ 37.1 million in 2022 to US$ 68.95 million in 2032. According to FMI, the market is expected to expand at a CAGR of 5.3% over the course of the projected period.

Telecom Tower Power System Market Outlook: The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031.

About Future Market Insights (FMI)

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

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According to Future Market Insights analysis, the North America Pressure Regulating Valves Market is expected to reach US$ 782.9 Mn in 2022, growing at a CAGR of 5.1% from 2022 to 2032.

The growing population in the North American region and the rising needs of expanding residential construction are some of the primary factors that have witnessed growth during the historical years of the study.

The consumer’s perspective on the devices is evolving due to an increasing awareness of the maintenance of piping systems and water conservation activities. The PRV should not only be able to regulate the flow but also incur lower maintenance costs on behalf of the consumers. Looking at such trends the vendors are emphasizing laying investments in research and development initiatives and, hence, coming up with technologies and advanced products that can scale up to the consumer’s expectations.

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Simultaneously, innovating products is the need of the time and, likewise, to maintain & increase market share, vendors have to keep searching for ways of updating the existing technology, which will make the market more stable in terms of growth.

Key Takeaways of Pressure Regulating Valves Market Study

• The value of the direct operating Pressure Regulating Valves is projected to increase at a value CAGR of 5.0% to reach around US$ 772.5 Mn by the end of 2032.
• In terms of End Use, Apartments and condominiums are anticipated to create an absolute dollar opportunity worth US$ 295.4 Mn.
• In the North America Pressure Regulating Valves market, Up to 2” inlet pressure type is projected account for more than 50% share by the end of forecast period owing to its high range of valuations.
• By Country, U.S. is anticipated to account for more than 80% of market share by the end of 2032 and is expected to remain dominant throughout the forecast period.

“The growing residential construction sector and strict energy-efficiency regulations in the North American region owing to the increasing population is expected to accelerate the market growth of Pressure Regulating Valves.” says Future Market insights analyst

Competitive Landscape

The market is concentrated, with top players accounting for market share ranging from 55% to 65% of market revenue in 2021. Prominent players in the market aim to be recognized as a leader in operational excellence to offer innovative products to end users with applied product standards in order to gain a prominent share in the market.

The Danfoss A/S, Watts Water Technologies, Inc., Resideo Technologies Inc. are a few of the market’s major participants.

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More Insights into the Pressure Regulating Valves Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the North America Pressure Regulating Valves market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on by valve type, by inlet pressure, by diameter, by end use and by country.

Key Segments Covered in Pressure Regulating Valves Industry Analysis

Pressure Regulating Valves Market by Valve Type:

• Direct Acting
• Pilot Operated

Pressure Regulating Valves Market by Inlet Pressure:

• Up to 10 bar
• 10 to 15 bar
• 15 to 20 bar
• Above 20 bar

Pressure Regulating Valves Market by Diameter:

• 3/8″
• 1/2″
• 3/4″
• 1″
• 1 ¼”
• Up to 2″

Pressure Regulating Valves Market by End Use:

• Apartments & Condominiums
• Townhouses
• Villas

Pressure Regulating Valves Market by Country:

• U.S.
  • North East U.S.
  • South U.S.
  • Midwest U.S.
  • West U.S.
• Canada

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About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about 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 sustain, grow and identify new revenue prospects.

Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape

Absorbent Glass Mat (AGM) Battery Market Size  – The global absorbent glass mat (AGM) battery market was worth US$ 11 Billion in 2021 and is anticipated to increase 5.3% year on year to US$ 11.2 Billion in 2022.

Electric Motors Market Size – The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021

Industrial Robots Market Size – Increases the need for automation to increase its competitiveness which increases the demand for industrial robots market. Thus, U.S. is expected to hold 40% market share for industrial robots in 2022.

Industrial Robotics Market Size – On account of this, the sales of industrial robotics are expected to rise at a remarkable CAGR of 19.2% over the forecast period 2022-2028.

Lead Acid Battery Market Size – Demand in the U.S. lead acid battery market is expected to rise at above 4% CAGR over the forecast period. The U.S. has emerged as a lucrative market for lead acid batteries in terms of both production and consumption.

Commercial Refrigeration Equipment Market Size – Commercial refrigeration equipment market analysis across regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) has been discussed in detail in this research survey by FMI.

Ductless Heating & Cooling Systems Market Size – The global ductless heating & cooling systems market size was estimated to be worth around US$ 98 Billion in 2021 and is forecast to grow at a robust CAGR of 8% between 2022 and 2032, reaching around US$ 228 Billion by 2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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The global hydrogen electrolyzer market is expected to grow at a CAGR of 24.2% over the forecast period of 2022-2032. The market valuation is set to reach US$ 3.7 Bn by the end of 2032. Rising demand for hydrogen gas across various end-use sectors is estimated to drive growth in the hydrogen electrolyzer market during the forthcoming years.

The development of new technologies that will reduce the operational costs of hydrogen electrolyzers is anticipated to stimulate the market. As the negative effects of carbon emissions become more widely known, there will also be new opportunities for market expansion.

Demand for hydrogen electrolyzers will rise in the upcoming decade due to an increase in on-site hydrogen production and the use of renewable energy sources. Additionally, it’s expected that growing demand for carbon-free steel in a number of industries, including the automotive sector, will create new growth opportunities for the steel manufacturing sector.

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Increasing initiatives taken by several automotive manufacturers to reduce carbon emissions from vehicles is another vital factor that would propel sales of hydrogen electrolyzers in future. Surging development of green energy worldwide is also expected to drive the market.

Key Takeaways: Hydrogen Electrolyzer Market

• By product type, sales of PEM electrolyzers are expected to grow at a CAGR of 2% during the forecast period.
• By outlet pressure, the low (<= 10 bar) segment is anticipated to dominate the market and is expected to account for about 2/3^rd of the share.
• By end use, the transportation segment is projected to lead the hydrogen electrolyzer market and create an absolute $ opportunity worth US$ 5 Mn in 2032.
• In terms of region, the Europe hydrogen electrolyzers market is estimated to exhibit a CAGR of 1%.

“Increasing demand for hydrogen fuel due to rising investments in novel programs for reducing carbon emissions globally is set to create new growth opportunities for companies in the hydrogen electrolyzers market,” says a FMI analyst.

Competitive Landscape: Hydrogen Electrolyzer Market

Some of the key players present in the global hydrogen electrolyzer market include Siemens AG, Nel Hydrogen, McPhy Energy, ITM Power Plc, Tianjin Mainland Hydrogen Equipment Co. Ltd, Gaztransport & Technigaz, Giner Inc., GreenHydrogen Systems, iGas Energy GmbH, Beijing CEI Technology Co., Ltd., Next Hydrogen, Air Liquide, Ballard Power Systems, Enapter , Plug Power Inc., Bloom Energy, Pure Energy Centre, Shandong Saikesaisi Hydrogen Energy Co., Ltd., Idroenergy, Erredue SpA, and SwissHydrogen SA among others.

Manufacturers are strategically collaborating with technology companies for co-developing new products and gain a competitive edge. A few others are looking forward to helping the oil and gas industry by providing technologically advanced products.

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About Industrial Automation Division at Future Market Insights

The industrial automation division of FMI offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across the manufacturing sector and distinctive analysis about 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 sustain, grow and identify new revenue prospects.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

1. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

1. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

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Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape

Produced Water Treatment Systems Market Size – With rising oil and gas activities across the world, the overall market is projected to grow at a CAGR of 5.8% between 2022 and 2029, surpassing a valuation of US$ 6.38 Bn by 2029.

Asia Pacific Industrial Pumps Market Growth – Asia Pacific Industrial Pumps market is estimated to be valued at US$ 24.8 Bn in 2022 and is projected to increase at a CAGR of 4.7% in the forecast period from 2022 to 2032.

Industrial Water Cooling System Market Demand – The global industrial water cooling system market is likely to garner a market value of US$ 1,673.1 Million in 2022, expected to reach US$ 2,648 Million by registering a CAGR of 4.7%

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:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
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