Market Research Blog – Page 745 – New Product Development

Ammonium Thiosulfate Market – This is How Leading Companies Are Dominating the Global Industry

The ammonium thiosulfate industry size was expected to be worth close to USD 345.4 million in 2022. By 2033, the same market is anticipated to have generated USD 719.6 million, with a CAGR of 6.9% from 2023 to 2033. Ammonium thiosulfate inhibits growth at a high agronomic rate of 250–5000 mg/kg soil, increasing the soil’s fertility. It reduces nitrification, the process by which ammonium is transformed into nitrate, which might lessen nitrate loss to the atmosphere and water.

The product yields rise by 9% to 11% whenever ammonium thiosulfate is applied to the soil, and the soil’s effectiveness is increased. According to the United Nations’ demographic agreement, the world’s population will expand by 40% to 9.15 billion people in 2050, necessitating a 70% increase in global food production. The need for nitrogen as well as phosphate-based fertilizers is anticipated to increase due to the rising demand for agricultural production worldwide. It is anticipated that there will be a large rise in demand for ammonium thiosulfate due to the growing need for additional nutrients within the soil.

Thin layers of cadmium sulfide are formed when ammonium thiosulfate is added as a supply of sulfur for applications in electronics. It is applied to the processing of copper-gold ores in order to extract gold. It is also a component of photographic fixers, making it a rapid fixer that acts faster than fixers containing sodium thiosulfate. Ammonium thiosulfate has experienced a marked rise in demand from a variety of end-use sectors due to its expanding use in several applications, including agrochemicals, medicines, agriculture, water treatment, and the mining industry, among others.

Key Takeaways from the Market Study

In East Asia, the liquid form sector is anticipated to make up more than 77.1% of the total volume consumed in 2023.
From 2023 to 2033, revenues in the fertilizer category are anticipated to increase at a 4.7% CAGR.
In North America, the industrial grade category is anticipated to make for around 97.2% of sales by 2022.
Through 2033, India’s demand for ammonium thiosulfate is anticipated to grow at a 5.3% CAGR.
The market for ammonium thiosulfate in the United States is anticipated to expand with over 4% CAGR from 2023 to 2033.

“The ammonium thiosulfate fertilizer trade has expanded significantly as a result of factors such as rising worldwide food demand and agricultural expansion in major areas such as South America, Europe, and Asia Pacific,” remarks an FMI analyst.

Competitive Landscape in the Ammonium Thiosulfate Market

Companies that sell ammonium thiosulfate are striving to form strategic alliances and partnerships with other producers in order to increase their product production and meet the demand of a growing patient base. Important firms are also developing new manufacturing facilities to increase their production capacity, particularly in the United States and Europe.

Prominent players in the ammonium thiosulfate market are:

Tessenderlo Kerley, Inc.
Koch Nitrogen International Sarl
Kugler Co.
Martin Midstream Partners
TIB Chemicals AG
Esseco Srl
PCI Nitrogen
Shakti Chemicals

Some key developments of the leading companies in this market are:

Koch Fertilizers, LLC began construction of a 2-million-gallon ammonium thiosulfate (ATS) facility at its Fort Dodge facility in May 2021 to meet increased demand. The facility will be completed and functioning by December 2021.
Tessenderlo Kerley successfully introduced Thio-Sul®, an ammonium thiosulfate solution fertilizer, on the Ukrainian agriculture market in 2022. Thio-Sul®’s extended sulfur nutrition benefits important broad-acre plants including corn, potatoes, rapeseed, and wheat while simultaneously enhancing the efficiency of nitrogen nutrition.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global ammonium thiosulfate market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the ammonium thiosulfate market, the market is segmented on the basis of fiber by form type(powder, liquid), grade(industrial grade, photo grade), end use(fertilizer, photochemical, mining), and across five major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East and Africa)

Ammonium Thiosulfate Market by Category

By Form Type:

Powder
Liquid

By Grade:

Industrial Grade
Photo Grade

By End Use:

Fertilizer
Photochemical
Mining
Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
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Polyimide Fibers Market – Global Revenue Growth Expectations in the Near Future

In 2023, the polyimide fibers market sales are projected to generate revenue exceeding USD 517.5 million. The market is expected to develop at a compound annual growth rate (CAGR) of 5.4% between 2023 and 2033.

Polyimide fibers are increasingly used in the manufacture of protective apparel due to their outstanding flame-retardant potential. Polyimide fibers are now widely utilized in the production of protective equipment, such as the outer shell of army uniforms, firefighters’ jackets, industrial protective gear, and others.

The increase in the number of space research activities and space launches throughout the world has continually boosted polyimide fiber sales. Growth in the number of space launches necessitates the production of tones of materials and components for rockets and space shuttles.

According to NASA, ISRO, and other space research organizations, several space launches are expected to increase significantly during the forecast period, creating a huge demand for portable, superior materials that can withstand high temperatures. Moreover, polyimide fibers are employed for multilayer insulations of space shuttles and astronaut space suits due to their outstanding heat resistance property, which is projected to drive demand throughout the forecast period.

The existence of numerous space organizations such as NASA, as well as their substantial plans to launch various space shuttles, are projected to drive demand for polyimide fibers. As a result, the market value in the United States is estimated to rise during the projection period.

Key Takeaways

In the last five years, the market has expanded at a CAGR of 3.5%.
In 2023, the United States polyimide fibers market is predicted to rise 4.5% year on year, with Germany accounting for about 30% of the income earned by polyimide fiber sales in Europe.
Filter media is the large user of polyimide fibers by application, accounting for 60% of total polyimide fiber output globally.
The power & utilities segment is expected to be worth US$ 250 million by the end of the forecast period.

Competitive Landscape

The key players have focused on increasing their manufacturing units in their respective regions. Innovation, cooperation with important actors, partnerships, strategic alliances, and the strengthening of regional and worldwide distribution networks are examples of strategies. Among the significant developments are:

In May 2023, Solvay, a global market leader in specialized materials, introduced KetaSpire® KT-857, a revolutionary polyetheretherketone (PEEK) extrusion substance designed exclusively for copper magnet wiring insulation in electric motors.
In April 2022, Kolon Industries, a chemical company in South Korea, partnered with SKC to supply polyimide sheets to Taiwan’s Asus for its folding notebook, Zenbook 17-Fold OLED. In exchange for support in the development of Asus’s device, the companies agreed to supply PI to the Chinese display panel manufacturer BOE.

Key Companies Profiled

Jiangsu Shino New Materials Technology Co., Ltd.
Jiangsu Aoshen Hi Material Co.
Changchun Hipolyking Co., Ltd.
Ningbo Yide Fine Chemical Co., Ltd.
Lirsot Ltd.
Swicofil
Shandong Xingye Environmental Technology Corp.
Jiangsu Jinqiao Salt International Trade Co. Ltd.
Baoding Sanyuan Textile Technology Co. Ltd.
Shanghai Easun Group Imp & Exp Co., Ltd.
Xiamen Meidasi Environmental Protection Industry Co. Ltd.
Evonik Industries AG

Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global Polyimide Fibers market presenting a historical analysis from 2018 to 2022 and forecast statistics between 2023 and 2033.

The study reveals essential insights By Application(Filter Media, Protective Clothing, Insulation Material), End Use(Construction, Power & Utilities, Chemical & Processing), & Region.

Polyimide Fibers Market Segmentation by Category

By Application:

Filter Media
Protective Clothing
Insulation Material
Others

By End Use:

Construction
Power & Utilities
Chemical & Processing
Mining
Others

By Region

North America
Latin America
Western Europe
Eastern Europe
South Asia and the Pacific
East Asia
The Middle East and Africa

About Future Market Insights (FMI)

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1,4-Diisopropylbenzene Market Research Report 2033 | Eastman Chemical Company; SAGECHEM; Goodyear Chemicals; Syntechem Co. Ltd.; Tokyo Chemical

The global 1,4-diisopropylbenzene industry share is anticipated to reach a valuation of USD 119.9 million in 2023, driven by increasing demand for solvents and cleaning agents. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 4.1% between 2023 and 2033, and reaching a total valuation of approximately USD 179.2 million by 2033.

Rising demand for adhesives and sealants is also anticipated to escalate the growth of the 1,4-diisopropylbenzene industry share. Adhesives and sealants are extensively used in various industries, including automotive, construction, and packaging. 1,4-diisopropylbenzene is employed as a raw material in the synthesis of certain adhesive and sealant formulations. The growing demand for these materials, driven by infrastructure projects, technological advancements, and increased consumer awareness of product quality, is expected to boost the consumption of 1,4-diisopropylbenzene.

One of the primary factors driving the growth of the 1,4-diisopropylbenzene market is the growing demand for fragrances & flavors. 1,4-diisopropylbenzene is utilized in the production of fragrances and flavors, which find extensive applications in the cosmetics, personal care, and food and beverage industries. The increasing consumer demand for scented products and unique flavors is driving the growth of these industries, consequently fueling the demand for 1,4-diisopropylbenzene.

Another significant factor contributing to market growth is the expansion of the paints and coatings industry. The paints and coatings industry is witnessing significant growth due to the construction boom, infrastructure development, and increasing consumer spending on home improvement. 1,4-diisopropylbenzene is used as a chemical intermediate in the production of certain additives and components for paints and coatings. The expanding paints and coatings market is anticipated to drive the demand for 1,4-diisopropylbenzene.

Specialty chemicals encompass a wide range of products with unique properties and applications. 1,4-diisopropylbenzene serves as a key intermediate in the production of various specialty chemicals, such as antioxidants, lubricants, and corrosion inhibitors. The expanding specialty chemicals market, driven by advancements in industrial processes and the need for high-performance products, is likely to contribute to the growth of the market.

Another factor contributing to the market growth is the growing demand for agrochemicals. Agriculture plays a vital role in global food production, and the demand for agrochemicals continues to rise to enhance crop yields and protect against pests and diseases. 1,4-diisopropylbenzene is used as a precursor for the synthesis of certain agrochemical compounds, including pesticides and herbicides. The increasing need for effective crop protection solutions to meet the food demand of a growing population is expected to drive the demand for 1,4-diisopropylbenzene in the agrochemical sector.

Key Takeaways from the Market Study

The global 1,4-diisopropylbenzene market was valued at USD 115.2 million by 2022-end.
From 2018 to 2022, the market demand expanded at a CAGR of 2.2%.
The United States is expected to hold a dominant CAGR of 4.0% during the forecast period.
By Product Type, the high-purity segment is expected to constitute a CAGR of 4.0% in 2033.
On the basis of Application, the chemical intermediates segment is expected to dominate the market with a CAGR of 4.0% in 2033.
From 2023 to 2033, 1,4-diisopropylbenzene market is expected to flourish at a CAGR of 4.1%.
By 2033, the market value of 1,4-diisopropylbenzene is expected to reach USD 179.2 million.

Advancements in packaging technologies, across the globe is a major factor that is expected to propel the growth of the 1,4-diisopropylbenzene market in the near future, remarks an FMI analyst.

Competitive Landscape

Prominent players in the 1,4-diisopropylbenzene market are

Eastman Chemical Company
SAGECHEM
Goodyear Chemicals
Syntechem Co. Ltd.
Tokyo Chemical Industry Co. Ltd.
Biosynth Carbosynth
Angene International
Kanto Chemicals
ABCR Gmbh
BLD Pharmatech

Company Portfolio

Tokyo Chemical Industry Co. Ltd.: Tokyo Chemical Industry Co. Ltd. is a global chemical supplier that provides a wide range of chemical products for research and industrial applications, such as 1,4-diisopropylbenzene. The company offers an extensive catalog of chemicals used in various scientific and industrial fields.
Biosynth Carbosynth: Biosynth Carbosynth is a leading supplier of research chemicals, building blocks, and reference compounds for the life sciences industry. The company offers a diverse range of chemical compounds used in drug discovery, pharmaceutical research, and other scientific applications.
Angene International: Angene International is a chemical supplier specializing in the provision of research chemicals, building blocks, and custom synthesis services. The company offers a broad range of chemical products used in research, development, and industrial applications.
Kanto Chemicals: Kanto Chemicals is a global chemical company that offers a wide range of chemical products for various industries. The company provides a diverse portfolio of chemicals, including pharmaceutical intermediates, specialty chemicals, and laboratory reagents.

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global 1,4-diisopropylbenzene market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the 1,4-diisopropylbenzene market, the market is segmented on the basis of product type (standard, and high purity), and by application (paints & coatings, electrical & electronics, chemical intermediates, solvents, graphic arts, and others), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and Middle East & Africa (MEA)).

1,4-Diisopropylbenzene Market by Category

By Product Type:

Standard
High Purity

By Application:

Paints & Coatings
Electrical & Electronics
Chemical Intermediates
Solvents
Graphic Arts
Others

By Region:

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

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Aerospace Valves Market Soar to a Projected US$ 17.6 Billion Market Value by 2033, With a 5% CAGR

The aerospace valves market is expected to be worth US$ 10.8 billion in 2023. During the forecast period of 2023 to 2033, the market is expected to grow at a CAGR of 5%.

The aerospace valves industry has grown significantly in recent years, owing to a variety of factors. The increased demand for air travel around the world has resulted in an increase in commercial aircraft production. Furthermore, the expansion of the defence sector and space exploration programmes has contributed to the industry’s growth.

Despite the positive outlook, the industry faces a number of challenges. One significant impediment is the high cost of developing and manufacturing advanced valves. Furthermore, stringent government regulations governing safety and quality standards can be imposed.

Several current developments are influencing the future of the aerospace valves market. One notable shift is the industry’s increased investment in research and development. This has led to the creation of new, cutting-edge valves. In addition, there is a rising focus on creating smart valves that can monitor and regulate several facets of aircraft operation. Thanks to the widespread use of Industry 4.0 technologies like the Internet of Things (IoT) and artificial intelligence (AI).

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Key Takeaways from the Market:

During the projected period, the United States aerospace valves industry is predicted to rise at a CAGR of 4.8%. Reaching a market value of US$ 3.1 Billion by 2033.
The aerospace valves industry in the United Kingdom is estimated to reach US$0.6 Billion by 2033. Increasing at a CAGR of 4.7% from 2023 to 2033.
The Chinese aerospace valves industry is expected to reach US$ 2.7 Billion by 2033.
The Japanese aerospace valves industry is estimated to be worth US$ 2.6 Billion by 2033, due to a 4.7% CAGR between 2023 and 2033.
The aerospace valves industry in South Korea is anticipated to be worth US$ 0.8 Billion by 2033.
Steel is expected to be the dominant material segment in the aerospace valves industry, with a CAGR of 6.2% from 2023 to 2033.
Check valves are predicted to lead the aerospace valves industry with a CAGR of 5.8% during the forecast period.

How are Key Players Soaring High in the Aerospace Valves Industry?

The aerospace valves industry is extremely competitive, with just a select few companies holding a huge market share. Companies like Parker Hannifin, Honeywell, Moog, and Crane are at the forefront of their respective fields. These businesses are continually making investments in research and development. Moreover, product diversification and strategic alliances ensure that they retain their market dominance.

The increase in regulation in the sector is one of the key obstacles these businesses confront. New entrants may find it challenging to get into the aerospace sector due to the industry’s stringent rules and certification requirements. Existing market leaders, however, have a higher chance of surviving these changes in the law and maintaining their dominant position.

The aerospace valves industry has several difficulties. However, it also has several promising development avenues. There is a growing need for high-quality valves that can resist the demands of contemporary aircraft. Due to the rising popularity of commercial air travel and the development of the global aerospace sector.

The recent developments in the market have centered on creating valves with improved efficiency, longevity, and portability. Valves that function better and can resist harsh circumstances are a priority for many companies. Therefore they are investing in cutting-edge technologies like 3D printing and novel materials. The aerospace valves industry is a demanding and competitive environment overall. But it also offers plenty of room for development and progress. The leaders in the field are investing in cutting-edge innovation all the time to keep up with the times and remain ahead of the competition.

Key Companies in the Market

Eaton Corporation (Ireland) PLC
Safran SE (France)
Woodward Inc. (United States)
Triumph Group (United States)
Collins Aerospace
Aero Fluid Products
Circor Aerospace, Inc.
Crissair, Inc.
G.W. LISK Company, Inc.
Cla-Val
Parker Hannifin Corporation (United States)
Moog Inc. (United States)
Liebherr GmbH (Germany)
Porvair PLC (United Kingdom)

Market By Categorization:

By Material:

Steel
Titanium
Aluminum
Other Materials

By Type:

Check Valves
Pressure Control Valves
Ball Valves
Butterfly Valves
Relief Valves
Solenoid Valves
Other Valves

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Gas Meters Market Gears Up for Strong Growth: Anticipates 4.5% CAGR with a US$ 5.7 Billion Projection by 2033

The Gas Meters Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Gas Meters market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Gas Meters. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Gas Meters Market is poised for substantial growth in the coming years, driven by a confluence of factors. Notably, the escalating demand for natural gas, recognized for its environmentally friendly attributes compared to conventional sources like coal and oil, stands out as a pivotal driver. Additionally, the burgeoning expansion of the construction industry plays a pivotal role in propelling the demand for gas meters, given their indispensable role in ensuring the safe and efficient utilization of natural gas.

Nevertheless, the gas meters industry encounters noteworthy challenges that necessitate strategic resolutions. A primary obstacle is the formidable cost associated with the installation and maintenance of gas meters. This financial hurdle has led to a slower-than-anticipated market development in several regions. Addressing these challenges effectively will be instrumental in unlocking the full potential of the gas meters industry.

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The gas meters industry presents promising avenues for expansion, notably driven by the escalating demand for smart gas meters. These advanced devices, characterized by heightened efficiency and precision in gas consumption monitoring, are experiencing increased demand, propelled by a growing interest in renewable energy sources. Manufacturers within the gas meter sector are poised to capitalize on new business opportunities, particularly in light of the pervasive adoption of Internet of Things (IoT) systems.

A noteworthy advancement in the gas metering industry is the ability to remotely monitor and control gas meters, facilitated by advancements in wireless communication technology. This development underscores the industry’s commitment to leveraging cutting-edge solutions to enhance operational efficiency. Furthermore, the integration of sophisticated analytics and artificial intelligence (AI) into gas meters is gaining traction, enabling predictive maintenance and continuous monitoring of gas usage.

As technological innovations continue to unfold and the demand for natural gas experiences an upswing, the gas meters industry is positioned for substantial expansion and innovation. Stakeholders are well-poised to navigate this dynamic landscape and harness the potential presented by emerging trends and advancements in the field.

Key Takeaways from the Gas Meters Market:

The United States is likely to lead the gas meters industry in terms of revenue, with a projected market value of US$ 1.0 billion by 2033.
The gas meter industry in the United Kingdom is expected to reach US$ 0.2 billion by 2033, with a CAGR of 4.3% during the forecast period.
The Chinese gas meter industry is expected to reach US$ 1.18 billion by 2033, with a 4.3% CAGR between 2023 and 2033.
The Japan gas meter industry is expected to reach US$ 0.86 billion by 2033, at a CAGR of 4.3%.
The gas meter industry in South Korea is predicted to reach US$ 0.26 billion by 2033, with a CAGR of 4.1% from 2023 to 2033.
With a predicted market share of over 30% in 2023, the healthcare sector is likely to lead the gas meters market by end-use industry.
Smart gas meters are estimated to dominate the industry in 2023, with a market share of over 65%.

How Fierce is the Competition Among the Players in the Gas Meters Market?

Market share is fiercely contested among the top companies in the gas meters industry. Innovative product solutions and a massive market share have allowed companies like CGI, Inc., Badger Meter, Inc., Apator SA (Apator Group), Diehl Metering GmbH, and Advanced Electronics Company to establish themselves as industry leaders.

These leaders are spending heavily on research and development to expand their product line and maintain a competitive edge. To further their reach and consumer base, they are also concentrating on strategic partnerships and collaborations.

New entrants, with their differentiated products and lower prices, are also a factor in the industry’s rapid evolution. As a result, competition is fierce, putting stress on the industry’s established companies to maintain product superiority via ongoing innovation.

Regulatory constraints, fluctuating raw material costs, and shifting consumer tastes are all factors working against the industry. Companies are concentrating on providing affordable solutions and adopting environmentally friendly procedures. Moreover, strengthening their distribution networks to survive in this market.

Global demand for natural gas, smart meter usage, and technical improvements are all elements that contribute to the industry’s rapid expansion.

Gas Meters Market By Category

By Type:

Basic
Smart

By End Use:

Automotive
Semiconductor & Electronics
Food & Beverages
Healthcare
Other End Uses

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
The Middle East & Africa

Author By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore this report from different publication

Gas Meters Market– https://finance.yahoo.com/news/gas-meter-market-set-surpass-003000013.html

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Large Diameter Steel Pipes Market Share and Competitive Analysis: CAGR of 2.9% and US$ 16.8 Billion Anticipated by 2033

The Large Diameter Steel Pipes Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Large Diameter Steel Pipes market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Large Diameter Steel Pipes. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Large Diameter Steel Pipes Market is currently undergoing substantial growth, propelled by a notable upswing in oil and gas production and a growing demand within the transportation sector. This escalating need for large diameter steel pipes can be ascribed to their advantageous physical and chemical properties, including exceptional corrosion resistance and minimal environmental impact.

As of 2023, the global large diameter steel pipes market is anticipated to reach a valuation of US$ 12.6 billion. The expanding utilization of technologically advanced steel pipes with significant diameters and enhanced strength across diverse industries is a key driver for this market growth. According to forecasts by FMI, the market is poised to achieve a valuation of US$ 16.8 billion by 2033, reflecting a Compound Annual Growth Rate (CAGR) of 2.9% from 2023 to 2033. This trajectory underscores the sustained and positive momentum expected in the large diameter steel pipes market over the coming decade.

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The global market for large diameter steel pipes is poised for sustained growth throughout the forecast period, propelled by heightened demand from key sectors such as chemical and oil & gas industries. A significant driver of this expansion is the upswing in oil & gas production, coupled with a surge in demand from the transportation sector. The preference for large diameter steel pipes is underpinned by their advantageous physical and chemical properties, including corrosion resistance and minimal environmental impact.

The robust infrastructural development unfolding in emerging economies, notably India and China, is anticipated to be a pivotal factor driving the growth of the large diameter steel pipe market in the foreseeable future. Concurrently, substantial investments in the oil & gas sector in Europe and North America are poised to amplify the demand for large diameter steel pipes.

The Asia Pacific region, characterized by the rapid growth of the oil and gas sector, as well as flourishing automotive and chemical industries, stands out as a significant contributor to the market’s expansion. This momentum is further fueled by the burgeoning chemical industry and escalating investments in wastewater development systems across developing nations such as China, India, Germany, and others.

The burgeoning applications in the construction and chemical industries have presented lucrative opportunities for market growth. The surge in industrialization has given rise to diverse sectors, including chemical and pharmaceutical, with consequential advances in these industries driving an upswing in demand for large diameter steel pipes. This confluence of factors underscores the optimistic outlook for the large diameter steel pipes market as it continues to evolve in response to global industrial dynamics.

Key Takeaways from the Market Study

From 2018 to 2022, the market demand expanded at a CAGR of 4.8%
Based on the application, the oil & gas segment accounts for a CAGR of 3.4%
By type, the LSAW pipe segment is expected to expand at a CAGR of 3.2% during the forecast period
North America to emerge as a promising market, capturing a CAGR of 2.8%
Asia Pacific to be an opportunistic market, expected to capture a CAGR of 2.8% during the forecast period.

“Growing demand in the end-use industry and technological innovation in large diameter steel pipes are expected to drive the market in the forecast period.”

Competitive Landscape

American Cast Iron Pipe Company; American Piping Products, Inc.; Borusan Mannesmann Boru Sanayi ve Ticaret A.S.; Baoji Petroleum Steel Pipe Co., Ltd.; BERG PIPE are some of the leading players operating in large diameter steel pipes market.

Some of the recent development in the market are listed below-

In July 2021 – American Piping Products (APP) announced the expansion of their North Houston Rosslyn steel pipe yard and processing center. The new lease adds approximately 10 acres to the already 20-acre facility.
In November 2022 – Summit carbon solutions announce a partnership with American steel pipe to purchase American-made, high-strength steel line pipes. These pipes are used in support of Summit’s transformative carbon capture, transportation, and storage projects.

Know More about What the Large Diameter Steel Pipes Market Report Covers

Future Market Insights offers an unbiased analysis of the global large-diameter steel pipes market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the large-diameter steel pipes market, the market is segmented based on the type and application across five major regions.

Key Segments Covered in the Large-Diameter Steel Pipes Industry Analysis

By Type:

LSAW
SSAW

By Application:

Oil & Gas
Water Treatment
Chemical

By Region:

North American
Latin America
Europe
Asia Pacific
Middle East and Africa

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Cycling Power Meters Market Share and Competitive Analysis: CAGR of 4.7% and US$ 647.4 Million Anticipated by 2033

The global cycling power meter market was anticipated at US$ 390.6 million in 2022. The sector is gaining pace as companies provide technologically improved cycling power meters with various integrated technologies. As of 2033, the market is expected to garner a valuation of US$ 647.4 million in 2033, recording a CAGR of 4.7% from 2023 to 2033. The market is likely to secure US$ 410.5 million in 2023.

The market is anticipated to grow at a stationary CAGR over the forecast period. Increased per capita disposable income, and growing fitness awareness among the population globally. Also, the increased penetration of small AI-powered devices in domestic lifestyles has created opportunities for market growth.

With the increase in the adoption of Cycling Power Meters, there is an increase in the use of bicycles with power meters by health-conscious people. Many people are indulging in physical activities and regular exercise this has led to an increase in the bicycle market which in turn is expected to boost the sales of Cycling Power Meters. Also, the rising fuel prices and increased rate of pollution in many countries, drive the sales of Cycling Power Meters.

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Key Takeaways from the Market Study

From 2018 to 2022, the market demand expanded at a CAGR of 6.3%
Based on the application, the sports bicycle segment accounts for a CAGR of 5.4
By mounting type, the crank arm-based segment is expected to expand at a CAGR of 5.2% during the forecast period
North America to emerge as a promising market, capturing a CAGR of 4.5%
Asia Pacific to be an opportunistic market, expected to capture a CAGR of 4.6% during the forecast period.

Competitive Landscape

Prominent players in the cycling power meter market are 4iiii Innovations Inc., Pioneer Corporation, Power2Max GmbH, Arofly, BMC Switzerland AG, Bryton Inc., Campagnolo s.r.l, CatEye Co. Ltd., Favero Electronics s.r.l, FSA SRL, Garmin Ltd., Giant Manufacturing Co. Ltd., and Healthcare Technology Ltd.

Leading players operating in the global Cycling Power Meter market are focusing on intensive research and development for launching innovative products and services in the market.

Product innovation is the key strategy adopted by market players. Brand consciousness and aggressive marketing by top players however make it challenging for new entrants in this market.

The market players are also emphasizing offering Cycling Power Meters with highly improved accuracy and reliability. The market is benefiting from partnerships with a high focus on innovation.

Favero Electronics Srl introduced – “Axiom DUO-Shi” which is a power meter with a power sensor on both sides compatible with Shimano. Assioma DUO-Shi is compatible with the following Shimano ^®pedal bodies: PD-R8000, PD-R7000, PD-6800, PD-R550, and PD-R540.
Germin introduced the dual-sensing power meter Rally RS200. Rally RS200 is tested to the extreme. This dual-sensing power meter pedal delivers reliable power measurements and is easy to transfer between bikes These metrics help to tailor training around specific weaknesses and strengths and help to improve
4iii – Provider of wearables to improve cycling sports performance. The company designs, develops, and engineers wearables that provide live feedback to sportsmen and help improve their performance. Currently, the 3 wearable products include Sportiiii – a performance monitor, Viiiiva – a heart rate monitor, and Cliiiimb – a power meter.

Know More about What the Cycling Power Meter Market Report Covers

Future Market Insights offers an unbiased analysis of the global Cycling Power Meter market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the Cycling Power Meter market, the market is segmented based on the mounting type and application across five major regions.

Key Segments Covered in the Cycling Power Meter Industry Analysis

By Mounting Type:

Crank Arm – Based
Pedal-Based
Chaining-Based
Hub-Based

By Application:

Sport Bicycle
Mountain Bicycle
Road Bicycle

By Regions

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Modular Instruments Market Growth Drivers and Challenges: CAGR of 8.5% and US$ 4.2 Billion Forecasted by 2033

The Modular Instruments Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Modular Instruments market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Modular Instruments. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global Modular Instruments Market is anticipated to witness substantial growth, with projected revenues reaching US$ 4.2 billion by the year 2033, reflecting a significant increase from the 2023 figure of US$ 1.8 billion. According to Future Market Insight’s forecast, the market is expected to experience a robust Compound Annual Growth Rate (CAGR) of 8.5% during the period spanning 2023 to 2033.

This notable expansion can be attributed to heightened demand for modular instruments across diverse sectors, including aerospace and defense, automotive, and telecommunications. The market’s growth is further propelled by an escalating need for precise and reliable testing and measurement equipment.

The surge in demand underscores the pivotal role that modular instruments play in facilitating advanced and accurate testing processes across various industries, thereby contributing to the overall progress and efficiency of sectors reliant on cutting-edge technological solutions. As the market continues to evolve, stakeholders can anticipate a dynamic landscape characterized by innovation and increased adoption of modular instruments in critical applications.

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The burgeoning popularity of modular instruments can be attributed to their inherent adaptability, modularity, and scalability, characteristics that empower users to tailor these devices to their specific requirements. This adaptability not only streamlines testing and measuring processes but also enhances overall productivity.

The advent of 5G technology serves as a pivotal driver for the expanding market. The escalating demand for high-speed data transport and communication necessitates specialized testing and measuring tools. The inherent capability of modular equipment to effectively test and measure high-frequency signals positions them as ideal solutions for the intricate demands of 5G technology.

Furthermore, the growing utilization of modular instruments in research and development activities is contributing significantly to market growth. These instruments consistently deliver precise and credible results, expediting processes and concurrently reducing associated costs in the realm of research and development.

Anticipated growth in the wake of 5G implementation investments underscores the considerable potential in the market. The ongoing intensive research on 5G technologies further amplifies the demand for modular instruments, offering a pathway to mitigate complexity and expedite development timelines.

In addition, companies within the renewable energy sector stand to benefit from the utilization of modular instruments, which facilitate the monitoring and optimization of system performance. This not only contributes to a reduction in carbon footprint but also enhances overall system efficiency. The increasing emphasis on elevating product quality further propels the adoption of modular instruments, given their capacity to furnish accurate and reliable test results, empowering users to enhance the overall quality of their products.

Key Takeaways

The market in the United Kingdom is anticipated to rise profitably, exhibiting a CAGR of 6%through 2033.
The market in the United States is expected to upsurge at 3%CAGR during the forecast period.
With a CAGR of 9%over the forecast period, the market in Japan is predicted to develop rapidly.
The market in China is expected to proliferate significantly, registering a CAGR of 4%from 2023 to 2033.
South Korea is estimated to grow considerably registering a CAGR of 9% until 2033.

Competitive Landscape

Modular instruments market players are emphasizing product innovation to remain competitive. They are making significant investments in research and development to provide pioneering modular instruments that satisfy the unique demands of customers. They are also adding new products to their portfolios to improve their market presence. Additionally, they are using different strategies to strengthen their position in the market. A few of these strategies include partnerships, collaborations, and mergers and acquisitions.

Recent Developments

In November 2022, National Instruments unveiled the third generation PXIe-5842 VST, a highly versatile and potent Vector Signal Transceiver (VST).
In April 2022, Keysight Technologies unveiled a PCIe test solution with state-of-the-art simulation, identification, conformance, and validation testing capabilities.

Modular Instruments Market Segmentation

By Platform Type:

PX
AXIe
VXI

By Application:

Research & Development
Manufacturing & Installation

By Vertical:

Telecommunications
Electronics & Semiconductor
Defense and Aerospace
Automotive & Transportation

By Region:

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

Author By:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Australia Concrete Pump Industry: CAGR of 6.0% and US$ 372.3 Million Expected by 2033

The Australia Concrete Pump Market is poised for significant growth driven by the increasing demand from the thriving construction industry. With its ability to deliver high accuracy and top-notch quality in concrete pouring, concrete pumps are becoming increasingly sought after. As construction projects continue to rise in scale and complexity, the demand for these efficient pumping solutions is expected to surge, cementing their position as a crucial component of the construction process.

According to Future Market Insights (FMI), the Australia Concrete Pump Market will be worth US$ 372.3 Million by 2033. It is expected to grow at an astounding 6.0% CAGR from 2023 to 2033. The market is expected to record a valuation of US$ 208.4 Million in 2023.

Australia concrete pump industry is set to be pushed by rising demand from the construction industry. Concrete pumps offer high accuracy and quality in terms of concrete pouring, which is expected to augment their demand.

Concrete pumps are considered to be essential equipment in the construction sector across Australia. Their ability to efficiently transfer liquid concrete from a mixing truck to the concrete site is likely to make them immensely popular. High demand for residential and commercial buildings in the country is projected to accelerate concrete pump demand in the forecast period.

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The government of Australia is estimated to invest in several infrastructure projects such as roads, bridges, and public transportation. Such projects require concrete pumps and the factor is set to lead to increased demand across different regions in Australia.

The growing usage of building information modeling (BIM) to create digital models of construction projects is another crucial factor that would drive sales. Concrete pumps are expected to be integrated with BIM models in Australia in the next ten years.

These would also allow for accurate planning and execution of concrete placement. These pumps are also expected to aid in reducing waste and improving concrete efficiency.

Key manufacturers are developing automated concrete pumping systems that are self-level, self-compacting, and self-smoothing. These systems are likely to help in correcting concrete consistency without any interventions.

Key Takeaways:

By type, mobile concrete pumps are estimated to create an incremental opportunity of US$ 123.0 Million during the forecast period.
In terms of end-use, the residential segment is anticipated to exhibit a CAGR of 5.8% from 2023 to 2033.
Queensland region is projected to hold a market share of about 24.8% by the end of 2023.
New South Wales is expected to generate an Australia concrete pump industry share of around 22.0% in 2033.
The Tasmania concrete pump market is anticipated to hold a share of 4.9% in 2023.

‘Need for highly sustainable construction practices is expected to boost sales of concrete pumps in Australia through 2033. Concrete pumps can help to reduce waste and improve efficiency in the construction process, which can have a positive impact on the environment.’– says a lead analyst at FMI.

Competitive Landscape:

Australia concrete pump market is fairly consolidated owing to the presence of prominent players across various regions. Unorganized players are estimated to account for around 25% to 30% of market shares. Prominent players are focusing on the development of new products and are collaborating with dealers to meet changing requirements of consumers.

For instance,

In November 2022, A China-based manufacturer called SANY Group increased emphasis on the creation of new products and invested in research initiatives to boost its position. It specializes in the research, manufacturing, and global distribution of machinery and equipment for the construction industry.
In February 2022, Zoomlion Heavy Industry Science & Technology Co., Ltd. announced that it creates and produces high-tech equipment. The company has primary consumers in the technical and agricultural sectors. It is actively pursuing strategic transformation in an effort to become a producer of high-end machinery. By fusing financial services, agricultural equipment, and technical equipment, it aims to expand its presence.

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The research report analyzes the market demand trends of the Australia concrete pump industry. The market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of concrete pumps.

As per Future Market Insights (FMI) research scope, the Australia concrete pump market has been studied and segmented on the basis of type (static concrete pump, mobile concrete pump, specialized concrete pump), end use (residential, commercial, industrial), and region. The report provides qualitative and quantitative information on various players in the market. This report also tracks the supply and demand sides of the market.

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Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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