Market Research Blog – Page 811 – New Product Development

FMI Report Indicates Global Industrial and Workplace Safety Market to Surpass USD 11.1 Billion by 2033, Driving 6% CAGR Growth

The industrial and workplace safety market is on track for explosive growth, with a projected valuation of USD 11.1 billion by 2033. This expansion reflects a steady Compound Annual Growth Rate (CAGR) of 6%, signifying a significant advancement in global safety standards. In 2023, the market achieved a notable valuation of USD 6.2 billion, marking the beginning of this promising trajectory.

A key driver of this growth is the presence detecting sensor market. Stringent industrial machine safety requirements mandated by national and international standards are propelling significant growth in this segment. Regulations such as the European Union’s Machinery Directives and North America’s OSHA regulations play a vital role in driving market expansion for industrial machine safety solutions.

Emerging Shifts in Industrial and Workplace Safety Market: Intelligent Clothing, Smart Safety, and More

In the realm of industrial and workplace safety, novel trends such as intelligent clothing, smart safety measures, autonomous vehicles, and innovative smart construction Personal Protective Equipment (PPE) are poised to make a substantial impact. These trends are likely to contribute positively to the growth of the industrial and workplace safety market.

The fusion of big data into safety tools, coupled with its application as a predictive tool for risk management, is set to open up promising avenues for growth within the industrial and workplace safety market. This integration is expected to yield lucrative opportunities for expansion.

Furthermore, a surge in the demand for industrial and workplace safety solutions is anticipated during the forecast period. This rise aligns with the rapid expansion of the surveillance industry, particularly in Europe and North America.

Industries are increasingly adopting real-time location monitoring systems (RTLMS), surveillance solutions, and environmental health and safety systems (EHS) to safeguard their assets. This positive adoption trend significantly supports the industrial and workplace safety market’s trajectory.

The industrial internet of things (IIoT) also plays a pivotal role, enabling enhanced analysis and control by virtually managing physical systems. This contributes to improved performance and adds momentum to the industrial and workplace safety market’s key trends and opportunities.

Key Insights from the Market Study:

Dominant System: Real-Time Location Monitoring Systems (RTLMS) are anticipated to claim a significant share in the market. These systems excel at identifying and tracking the real-time location of objects and individuals within a defined area, finding applications across diverse sectors.
Application Leadership: The incident and emergency management segment is poised to spearhead the market, driven by extensive deployment to curtail workplace accidents and injuries effectively.
Dynamic Growth: In the forecast period, the food and beverage segment is projected to exhibit the fastest Compound Annual Growth Rate (CAGR). This surge can be attributed to heightened demand for these systems due to the influence of various regulations.
Regional Dynamics:
- Europe is expected to experience substantial market growth due to stringent regulations like GDPR. The region’s industrial and workplace safety market outlook remains positive.
- Asia Pacific holds promise as its government and regulatory framework for labor safety and well-being shapes various trends in the industrial and workplace safety market during the forecast period.

North America is primed to lead the market share, propelled by the presence of global technology innovators and tech-savvy consumers. The region’s demand for innovative workplace safety solutions, coupled with robust safety standards, fuels market growth. Utilization of advanced technologies and smart sensors for equipment monitoring further enhances opportunities for industrial and workplace safety companies in this region, as highlighted by an FMI analyst.

Competitive Landscape:

The major players in the industrial safety market are Honeywell International Inc. (US), Rockwell Automation, Inc. (US), Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), Emerson Electric Co. (US), HIMA (Germany), Yokogawa Electric Corp. (Japan), Omron Corporation (Japan), and Baker Hughes (US).

Industrial and Workplace Safety Market by Category:

By Type:

Machine Safety
Worker Safety

By Component:

Presence Sensing Safety Sensors
Safety Controllers/ Modules/Relays
Programmable Safety Systems
Safety Interlock Switches
Emergency Stop Controls
Two-Hand Safety Controls
Others

By Safety System:

Emergency Shutdown System (ESD)
High Integrity Pressure Protection System (HIPPS)
Burner Management System (BMS)
Fire & Gas Monitoring System
Turbomachinery Control System (TMC)

By Industry:

Oil & Gas
Energy & Power
Chemicals
Food & Beverages
Aerospace
Automotive
Semiconductor
Healthcare & Pharmaceuticals
Metals & Mining
Others

By Region:

North America
Europe
Latin America
Asia Pacific
Middle East Africa

Access Report Details for More In-Depth Information:

Author:

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.

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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Global Fuel Cell for Stationary Power Market Forecasted to Exceed USD 5,676.8 Million by 2033, Driven by 11.1% CAGR | FMI Study

The fuel cells for stationary power market is poised for significant growth, with a projected valuation of USD 5,676.8 million by 2033. This expansion is anticipated to occur at a robust Compound Annual Growth Rate (CAGR) of 11.1% from its current market value of USD 1,981.4 million in 2023 (Future Market Insights, Inc.). This significant growth highlights the increasing adoption of fuel cell technology as a clean and efficient power solution for buildings and businesses.

A key driver of this market expansion is the decline in production costs for fuel cells. Ongoing research and development efforts, combined with economies of scale achieved through increased production volume, have led to a notable decrease in manufacturing expenses. This improved cost-effectiveness is making fuel cell systems more competitive with traditional energy sources, paving the way for their wider adoption in stationary power applications.

Key Insights from FMI’s Analysis of Fuel Cells for Stationary Power Market:

The United States is poised to dominate the fuel cells for stationary power market with a projected 21.7% market share in 2023.
Germany is anticipated to secure a significant market share of 5.8% in the fuel cell for stationary power industry in 2023.
Japan is expected to capture a substantial market share of 4.2%.
Australia’s foothold in the fuel cell for stationary power market is predicted to reach 0.7% by 2023.
Asian nations, including China and India, are projected to showcase robust growth, with expected CAGRs of 13.2% and 12.6%, respectively, in the coming years.
The United Kingdom is set to experience steady expansion with a CAGR of 8% from 2023 to 2033.
According to FMI’s research, the top device segment, ranging from 3 kW to 10 kW, is anticipated to capture a substantial value share of 42.2% in 2023.
The commercial end-use segment is forecasted to account for a significant value share of 40.6% in 2023.

Driving Factors for Fuel Cell for Stationary Power Market Growth:

The expansion of the fuel cell for stationary power market is set to be propelled by an enhanced array of products catering to short-term supply needs across tetra networks, telecommunication base stations, and data centers. Industry players are fervently focused on innovation, driving the creation of novel solutions.

Regional Catalysts Fueling Market Expansion:

In South Korea and Japan, intensive research and development endeavors targeting efficient power generation and transmission solutions are poised to drive the decarbonization of the energy sector. Robust government funding initiatives, coupled with a surge in large- and small-scale stationary fuel cell deployments, are anticipated to fortify regional growth. For instance, South Korea’s government has outlined ambitious plans to introduce approximately 15 GW of utility-scale fuel cells by 2040.

China’s Technological Focus and Policy Impetus:

China’s fuel cell for the stationary power industry is expected to flourish as the government pivots its emphasis toward technological advancements in hydrogen fuel cell applications. In 2021, the Ministry of Science and Technology (MOST) highlighted fuel cell cogeneration as a pivotal hydrogen-energy technology. Furthermore, the rollout of comprehensive state and national-level policies across China is projected to catalyze the expansion of cogeneration technology.

Key Players Operating in the Fuel Cell for Stationary Power Market:

Cummins Inc.
Ballard Power Systems
Plug Power Inc.
Nuvera Fuel Cells, LLC.
Bloom Energy
Doosan Fuel Cell Co., Ltd.
Siemens Energy
Fuji Electric Co., Ltd.
Fuel Cell Energy, Inc.
Toshiba Corporation
SFC Energy AG
Aris Renewable Energy LLC.
Altergy
AFC Energy PLC
General Ltd.

Key Segments:

By Device:

< 3 kW
3 kW to 10 kW
10 kW to 50 kW
> 50 kW

By Application:

Prime power
CHP
Others

By End Use:

Residential
Commercial
Industrial or Utility
Others

By Region:

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

Access Report Details for More In-Depth Information:

Author:

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.

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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FMI Report Affirms Global Hazardous Area Equipment Market to be Valued at USD 15.43 Billion by 2033, Driving 5.2% CAGR

The global hazardous area equipment market is on track for significant growth, with a projected valuation of USD 15.43 billion by 2033 (Future Market Insights, Inc.). This expansion is fueled by a steady Compound Annual Growth Rate (CAGR) of 5.2%, building upon a market value of USD 9.49 billion in 2023.

Hazardous area equipment plays a crucial role in safeguarding personnel and minimizing risks in environments containing flammable gases, vapors, or combustible dust. Industries such as oil and gas, petrochemicals, mining, and manufacturing rely heavily on these solutions to ensure operational safety. In these safety-critical sectors, the adoption of advanced hazardous area equipment, including cutting-edge LED lighting, is becoming increasingly essential for upholding and enhancing safety standards.

Fueling Demand for Hazardous Area Equipment: Safety Regulations and Technological Innovations

The demand for hazardous area equipment is experiencing a significant upsurge driven by the imperative need to adhere to stringent safety regulations enforced by governments. The objective is to avert accidents and potential explosions in environments deemed hazardous. In tandem with this, the market is gaining momentum due to remarkable strides in the design of such equipment, accentuated by technological advancements. Moreover, a growing emphasis on energy efficiency is further propelling the expansion of the market’s horizons.

Growth Avenues in the Hazardous Area Equipment Industry: Emerging Economies and Industry Dynamics

Within the hazardous area equipment sector, a plethora of growth opportunities are taking shape. Emerging economies’ escalating demand for oil and gas, coupled with substantial investments in renewable energy sources, are poised to drive the industry’s progress. Simultaneously, the chemical and pharmaceutical sectors are on an upward trajectory, contributing to the market’s vitality. Notably, the imperative for safety and security in hazardous settings across various industries opens up avenues for equipment manufacturers and suppliers to broaden their operational footprint.

Market Insights and Competitive Dynamics in Hazardous Area Equipment Industry:

Market Dynamics: Segment Insights and Global Players

In the year 2023, the cable glands and accessories segment is projected to hold a significant share of 32.0% within the hazardous area equipment industry.
Notably, the oil and gas end-user segment is anticipated to command a substantial 37.0% of the market share in 2023.

Global Market Landscape: Key Players and Regional Influence

With a value share of 15.4% in 2023, the United States stands as a pivotal player in the global hazardous area equipment industry.
Renowned for its technical expertise and high-quality manufacturing, Germany holds a value share of 3.2%.
Japan holds a noteworthy value share of 3.9% in the hazardous area equipment market in 2023.
Australia, though modest in size, retains significance in the industry with a value share of 1.1%.
Emerging as the world’s fastest-growing market, China commands prominence in the hazardous area equipment industry, boasting a value CAGR of 5.7%.
India, a developing market, projects a predicted value CAGR of 6.3% in the hazardous area equipment sector.
The United Kingdom, while modest, maintains a notable market presence with a value CAGR of 4.1%.

Competitive Landscape: Established Players and Emerging Challengers

The hazardous area equipment industry is a realm of high competition, characterized by the presence of established players striving for market dominance. Prominent companies in the field include ABB Ltd, Eaton Corporation, Honeywell International Inc., Siemens AG, and Rockwell Automation, Inc. These industry giants hold a global footprint and offer a diverse array of hazardous area equipment encompassing explosion-proof lighting, communication tools, control systems, and sensors.

Key Segmentation:

By Products:

Industrial Controls
Motors
Strobe Beacons
Visual and Audible Combination Units
Cable Glands and Accessories
Process Instruments
Lighting Products
Sensors
Fire Alarms or Call Points
Others

By Services:

Wired
Wireless

By End-users:

Oil & Gas
Mining
Chemical & Pharmaceutical
Food & Beverages
Automotive and aerospace
Pulp & Paper
Steel & Metal
Energy & Power
others

By Region:

North America
- United States
- Canada
- Mexico
Europe
- Germany
- Sweden
- Italy
- Netherlands
- Spain
- France
- Russia
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- New Zealand
Middle East & Africa
- United Arab Emirates
- Saudi Arabia
- Qatar
- South Africa
- Egypt
- Turkey
- Kuwait
- Nigeria
- Oman
Latin America
- Brazil
- Chile
- Peru
- Argentina

Access Report Details for More In-Depth Information!

Author:

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.

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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FMI Study Indicates Global Industrial Safety Footwear Market to Drive Past USD 23.6 Billion by 2033, Driving 7.4% CAGR Growth

The industrial safety footwear market is poised for significant expansion, driven by a robust Compound Annual Growth Rate (CAGR) of 7.4% projected over the forecast period. By the year 2023, the market was anticipated to reach a substantial value of USD 11.6 billion, with estimations indicating a doubling in worth to USD 23.6 billion by 2033.

Several compelling factors contribute to the notable growth observed in the industrial safety footwear market. Chief among these is the ongoing revitalization and expansion of industrial infrastructure. As industrial spaces undergo renovation or new constructions, there arises an essential need for stringent safety measures. The heightened focus on ensuring the welfare and safety of industrial personnel emerges as a key driver, stimulating demand for industrial safety footwear in accordance with evolving safety protocols and standards.

Key Takeaways:

Rising awareness around workers’ safety, advanced protective gear, and increased construction and industrial operation fuels the sales of industrial safety footwear.
The expanding agricultural and industrial operations in urban settings, along with the building infrastructure of emerging economies like China and India, are consuming a big chunk of the industrial safety footwear market.
The government’s compliance policies around applications of protective gear for workers are making organizations and industries liable for making their workforce work in a safer environment.
The expanding mining industry enables fatal injuries to the workers to require a long range of protective gear. From gloves, and masks to footwear, the demand for industrial safety footwear market’s future looks promising with the restoration of certain industries.

Key Points:

The United States market leads the space in terms of market share and CAGR. The market is expected to cross a value of USD 8.4 billion by 2033. The regional market is expected to thrive at a CAGR of 7.2% between 2023 and 2033.
The China industrial safety footwear market is another significant market. It thrives at a steady CAGR of 6.8% during the forecast period. The market is likely to reach a value of USD 1.7 billion by 2033. Developing economies like India and China are indulging in huge construction, making these spaces highly potential markets.
Leather is likely to thrive in the material type category due to better fitting, durability, climate control, and skin-friendly properties. It is expected to thrive at a CAGR of 7.2% during the forecast period.
The construction tops the application tally with a CAGR of 6.9% between 2023 and 2033. The growth is attributed to the big construction project and the importance of industrial safety footwear for construction workers.

Competitive Landscape:

The key players focus on making durable, flexible, and safe footwear for the end users. The industry-specific approach, along with the adoption of advanced sole technology, is the key to becoming prominent in the competitor’s tally. Key competitors also merge, acquire, and partner with other companies to increase the supply chain and distribution channel. The key players in the market are JAL Group France SAS, Dunlop Boots, COFRA S.r.l., Honeywell International, Inc, and Hewats Edinburgh.

For instance:

Dunlop Boots has added new sole technology in safety footwear, such as purofort and Acifort. These are manufactured with PVC, nitrile rubber, and polymers. The company claims to deliver global safety standards to various end-user industries.
An Italian footwear brand, Cofra SFI has launched a long range of workwear footwear such as shellwear, ergowear, slim work, and casual safety. The company uses different grades of PVC and rubber to produce protective footwear.

Key Segments:

By Material:

Leather
Rubber
Plastic
Waterproof

By Application:

Construction
Manufacturing
Oil & Gas
Chemicals
Transport
Mining
Food
Pharmaceuticals

By Product:

Shoes
Boots

By Region:

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

Access Report Details for More In-Depth Information!

Author:

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.

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 Industrial PC Market Share Anticipated to Cross USD 9.4 Billion Mark by 2032, Driven by 6% CAGR Growth | FMI Analysis

The global industrial PC market has exhibited remarkable growth, achieving a commendable valuation of USD 5 billion in 2021. Projections for the period spanning from 2022 to 2032 forecast a robust Compound Annual Growth Rate (CAGR) of 6%, culminating in an anticipated valuation exceeding USD 9.4 billion. This upward trajectory is primarily driven by escalating demand across diverse sectors such as automotive, oil & gas, electronics, and pharmaceuticals.

Industrial PCs have evolved into indispensable tools within the industrial landscape, playing a pivotal role in critical functions. Serving as the backbone of automation, these versatile machines empower the control of entire systems, monitor vital parameters such as pressure and temperature, oversee machinery, and provide real-time information crucial to the production of manufactured goods. Their adaptability and rugged design position them as cornerstones in optimizing and advancing industrial operations. The impressive growth of the industrial PC market underscores the significant potential embedded in this dynamic industry.

Industrial PCs have gained widespread acclaim and utilization over the years due to their ability to meet the exacting demands of industrial settings. They are renowned for their high-performance capabilities, long lifespan, and unwavering reliability. Furthermore, these PCs are engineered to thrive in the harshest industrial environments, demonstrating exceptional durability and resilience.

The global industrial PC market’s ascent reflects the ever-expanding scope of industrial automation and the relentless pursuit of efficiency, precision, and data-driven decision-making across industries. These industrial PCs are not just computing devices; they are integral components in the modernization and optimization of industrial processes, driving productivity and innovation in the global industrial landscape.

Industrial PCs’ operational efficiency is both an advantage and a hazard at the same time. It may offer security problems, but it makes it easier to scale up duties and integrate new features in one box, such as energy management, access control, condition monitoring, FSM, data transfer, and so on.

As a result, OEMs and end-users may be dubious about the overall capabilities, not just IPC models, which could impede the sales of industrial PCs. An industrial PC is a computing platform that is built to withstand harsh conditions such as temperature fluctuations, humidity, moisture, and aggressive dust.

Competitive Landscape:

For start-up enterprises, the industrial PC market offers reasonable prospects. These businesses can supply industrial PCs to the fast-growing energy, automotive, and oil and gas industries. The global study on the Industrial PC market states that the presence of established businesses with diverse product portfolios catering to many industries, on the other hand, enhances market competition.

For example, in September 2021, Rockwell Automation announced cooperation with Ansys, a Canonsburg and Pennsylvania-based American corporation. The company hoped to expand digital twin connectivity into industrial control systems with this relationship, allowing users to take advantage of industrial operations’ implementation, design, and performance.

Leading Companies Profiled in Industrial PC Market:

Beckhoff Automation,
IEI Integration Corporation,
Siemens,
B&R Automation,
Kontron S&T,
Avalue Technology,
DFI,
Nexcom International,
American Port well Technology, and others.

Key Segments Covered:

By Type:

Panel IPC
Rack Mount IPC
Box IPC
Embedded IPC
DIN Rail IPC

By Sales Channel:

Direct Sales
Indirect Sales

By End-use Industry:

Process Industries
Discrete Industries

By Region:

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

Access Report Details for More In-Depth Information:

Author:

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.

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 Industrial Automation Market Size Forecasted to Hit USD 81.4 Billion Valuation by 2033, Driving 7.2% CAGR Growth

The global industrial automation market is poised for substantial growth, with projections indicating a valuation exceeding USD 81.4 billion by 2033, driven by a steadfast Compound Annual Growth Rate (CAGR) of 7.2%. Starting with an initial forecasted value of USD 40.6 billion in 2023, the market lays a strong foundation for ambitious expansion in the coming decade.

A significant driver behind this impressive growth trajectory is the unwavering commitment to safety within industrial automation practices. Manufacturers, businesses, and operators are increasingly prioritizing the development and deployment of cutting-edge safety measures to mitigate workplace incidents. This heightened emphasis not only safeguards the well-being of workers but also presents substantial market opportunities, as organizations recognize the inherent value in prioritizing the health and safety of their workforce. As the industrial automation landscape continues to evolve, the convergence of safety initiatives and robust growth strategies underscores its pivotal role in shaping the future of industrial operations.

Automotive Industry significantly drives the Market Growth:

Growing demand for industrial automation in the automation sector boosts the market growth. Several automakers maintain efficiency and accuracy to enhance the performance of machinery. Automotive is an essential sector that captures a significant global market share. The rising number of vehicles and advanced electric vehicles is increasing the adoption of industrial automation.

The innovation of robotic systems in automotive is expanding the market growth. The increasing demand for advanced skills, machine learning, and mechatronics drives market opportunities. Apart from it, the electronic industry is further expected to drive market growth.

Key Takeaways:

The industrial automation market is expected to have a valuation of USD 81.4 billion by 2033.
With a CAGR of 7.2%, the global market increasing from 2022 to 2033.
The United States industrial automation market is anticipated to record a CAGR of 7% through 2033.
With a CAGR of 6.3%, the United Kingdom market significantly uplifts during the forecast period.
The China market is expected to capture a CAGR of 6.6% over the forecast period.
Japan’s market is expected to record a CAGR of 5.7% from 2023 to 2033.

Competitive Landscape:

The prominent players play a significant share in the global market by innovating advanced devices. These players are adopting better technology and new marketing skills to upsurge the market opportunities. These players are adopting several marketing strategies to uplift the market, including mergers, acquisitions, partnerships, agreements, and collaborations.

Leading Players in the Market are:

Schneider Electric
Emerson Electric Co.
ABB
General Electric
Honeywell International
Mitsubishi Electric
FANUC
Rockwell Automation
Siemens
Yokogawa Electric

Recent Developments in the Industrial Automation Market are:

In January 2022, Fuji Electric announced its new plant system in Tokyo. The new plant expands its production level with an area of 13,030 meters.
In March 2020, Epson Robots announced its partnership with Air Automation Engineering to provide better technical services in the United States.
In March 2021, an American-based company- Suez, partnered with Schneider Electric to provide digital solutions in water cycle management.
In January 2021, Omron developed its new series robot named SCARA. The robot fastens the work with more efficiency. It is one of the lightweight and better-performance robot series.
In November 2020, Rockwell Automation announced its new asset management software version. It helps to update, recover and handle the work with automation devices.

Industrial Automation Market by Category:

By Deployment:

Industrial Robots
Machine Vision System
Process Analyzer
Field Instruments
Human Machine Interface
Industrial PC
Industrial Sensors
Industrial 3D Printing
Vibration Monitoring

By Component:

Supervisory Control and Data Acquisition
Programmable Logic Controller
Distributed Control System
Manufacturing Execution System
Industrial Safety
Plant Asset Management

By End-use Industry:

Oil & Gas, Chemicals
Pharmaceuticals & Medical Devices
Food & Beverages
Energy & Power
Automotive
Machine Manufacturing
Water & Wastewater Treatment
Electronics & Semiconductors
Metals & Mining
Others

By Region:

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

Access Report Details for More In-Depth Information:

Author:

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.

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 Stacker Crane Market Revenue Share to Exceed USD 2.4 Billion Milestone by 2033, Expanding at 7.9% CAGR | FMI Analysis

The global stacker crane market is predicted to register a CAGR of 7.9% over the forecast period, according to FMI’s analysis. The industry’s market value is anticipated to increase from USD 1.1 billion in 2023 to USD 2.4 billion by 2033 end.

Over the projection period, the stacker crane business is expected to increase at a healthy rate. Stacker crane demand is expected to be supported by industrial growth and globalisation in emerging economies. Lucrative opportunities in developing countries are enticing more foreign manufacturers to expand their businesses.

Many industries, including food and beverage, retail, pharmaceuticals, and automotive, are increasing their worldwide footprint through expanding into new markets. Furthermore, different economic rewards are motivating them to expand their reach. These industries’ distribution and logistics networks are being strained by the increasing demand for their products. As a result, demand for stacker cranes is increasing, as is the need for automated warehouses in a variety of end-use sectors.

The industry is also witnessing heightened demand for storage robots, which are a type of stacker cranes. The increasing demand for these stacker cranes can be attributed to their agility and capacity while removing or storing products from the rack. Moreover, the automated pallet shuttle is also gaining huge popularity. Growing demand for this electric shuttle as it expedites the pallet unloading and loading is anticipated to propel the market development.

Key Highlights of the Stacker Crane Industry:

The United States is projected to be a significant stacker crane market in the forecast period as well. The country is estimated to attain a market valuation of USD 850.3 million by 2033, expanding at a CAGR of 7.7%.
In Asia Pacific, China is predicted to reach USD 172.2 million by 2033. The market is anticipated to register a 7.3 CAGR over the forthcoming years. Strong demand for stacker cranes in automatic high-bay storage facilities is contributing to market growth.
Japan is expected to emerge as a substantial market over the upcoming years. The market is predicted to attain USD 140.8 million by 2033, exhibiting a CAGR of 6.4% over the forecast period. The increasing retrofitting and upgrading of existing stacker crane systems are projected to yield market growth.
Growing preference for consumer goods is augmenting the demand for stacker cranes. The consumer goods segment is projected to register a CAGR of 7.1% over the next 10 years.
Rising demand for single-column stacker cranes is expected to be favorable for market growth. Over the upcoming years, the single-column stacker crane segment is expected to exhibit a CAGR of 7.4%.

News Featuring Market Developments by Key Players of Stacker Crane Market:

In November 2020, Doosan Logistics Solutions Co., Ltd entered into an agreement with Chinese autonomous mobile robot maker Geek+ to supply logistic robots for Geek+ in South Korea.
In June 2021, Toyota Motor partnered with Swisslog Holding AG to execute an automation system, such as Swisslog’s Carry Pick, for its storage and order-picking services, at its Kentucky unit.

List Encompassing Key Players:

KION GROUP AG
Doosan Corporation.
Ssi Schaefer
Swisslog Holding AG
Murata Machinery, Ltd.
Hyster-Yale Materials Handling, Inc.
Jungheinrich AG
MITSUBISHI LOGISNEXT CO., LTD.
TOYOTA INDUSTRIES CORPORATION
Vanderlande Industries B.V.

Key Segments Covered:

By Operation Type:

Semi-automatic
Automatic

By End-use Industry:

Consumer Goods
E-commerce/Retail and Wholesale
Pharmaceutical
Automotive
Others

By Application:

Autostart
Early Baggage Storage
Sortation System
Robotized Order Preparation

By Type:

Single Column
Double Column

By Region:

North America
Latin America
Europe
Asia Pacific
The Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

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.

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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Automatic Weigh Price Labeling Machine Industry to Witness a 6.8% CAGR, Projected to Reach US$ 635.3 million by 2034

The Automatic Weigh Price Labeling Machine Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Automatic Weigh Price Labeling Machine market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Automatic Weigh Price Labeling Machine. 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 Automatic Weigh Price Labeling Machine Market is currently experiencing a significant upsurge in demand, predominantly propelled by the growing adoption of sensor technologies and data-gathering devices within the sphere of product inspection processes. These sophisticated devices empower manufacturers with the ability to automatically gather crucial insights about their products, encompassing dimensions, weight, and other essential attributes. Leveraging this invaluable data, manufacturers can efficiently streamline their labeling processes, facilitating the automated creation of precise and accurate labels for each individual product.

The market for automatic weigh price labeling machines is expected to reach $309.0 million by 2023. Demand for automatic weigh price labeling machines is expected to increase at a 6.8% CAGR throughout the forecast period. The total market value is expected to expand from US$ 328.8 million in 2024 to US$ 635.3 million by 2034.

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The contemporary market landscape is witnessing a pronounced shift towards burgeoning trends, with a prominent driver being the escalating utilization of sensors and analogous data-gathering devices. These sophisticated tools autonomously amass intricate insights pertaining to the products undergoing meticulous inspection, encompassing crucial dimensions, weight, and other pertinent characteristics. Armed with this wealth of comprehensive data, manufacturers can seamlessly automate the label generation process, ensuring unwavering precision and accuracy in their operations.

Significantly, the data compiled by these advanced machines can be efficiently stored and managed through the adoption of cutting-edge cloud-based services. The growing acceptance and implementation of cloud-based solutions for this purpose are poised to play a pivotal role in propelling market growth. The stored data becomes easily accessible to authorized users from any corner of the globe, providing a seamless and convenient method to track and retrieve product labeling data along with associated information, as and when required. This notable advancement serve to elevate the efficiency and flexibility of product labeling procedures across diverse sectors of the industry.

Moreover, the market is observing a notable upsurge in the integration of automatic weigh-price labeling machines within the intricate fabric of manufacturers’ production lines. This integration holds immense potential to significantly augment production efficiency, ultimately streamlining and phasing out the need for labor-intensive manual labeling processes.

Here are the key highlights from the FMI’s analysis of the Automatic Weigh Price Labeling Machine industry:

Strong Presence in the United States: The United States commands a substantial portion of the automatic weigh price labeling machine industry, with a projected market share of 16.5% by the end of 2023.
Prominence in Europe: In Europe, Germany and the United Kingdom are expected to be notable markets. Germany’s automatic weigh price labeling machine industry is anticipated to account for 5.9% of the market share in 2023, while the United Kingdom is projected to exhibit a Compound Annual Growth Rate (CAGR) of 4.9%.
Significant Contribution from Japan: The Japanese market is forecasted to make a substantial contribution, comprising 4.4% of the global market share in 2023.
Rapid Growth in India and China: Robust growth is anticipated in India and China, with India taking the lead. India is expected to expand at an impressive CAGR of 7.7%, while China is projected to register a solid CAGR of 7.2%.
Key Segment: 13 to 60 kg Load Capacity: Among different load capacity categories, the 13 to 60 kg segment is estimated to dominate the market, capturing a substantial share of 44.9%.
Dominance of Food and Beverages Segment: In terms of end-use, the food and beverages segment is poised to gain a significant market share, accounting for 36.7% in 2023.

How is the Automatic Weigh Price Labeling Machine Industry Shaping Up?

Prominent manufacturers within the industry are consistently implementing innovative strategies in order to expand their market presence. These vendors are making substantial investments in the advancement of their machinery. A noteworthy example of this commitment to innovation is demonstrated by Ravenwood Packaging, which recently unveiled its latest offering: an automatic linerless label applicator.

The VR inspection system and Nobac 5000 Auto have the versatility to seamlessly integrate into existing setups or function as standalone technologies, facilitating the inspection and labeling of linerless labels. These machines find application in a wide spectrum of food products, including plant-based proteins, salad pots, fish, meat, fresh produce, and more.

Leading players in the industry are introducing various iterations of automatic weigh price labeling machines, such as ISHIDA CO., LTD.’s AL-AI Series. These machines operate at high speeds, automating the process of pricing food products such as bento boxes and other prepared dishes. The utilization of these machines results in the complete automation of on-site labeling tasks, ensuring precise, neat, and clear labeling.

The integration of advanced technologies into these machines is anticipated to maintain their relevance and significance in the years to come. Continual advancements in these machines, aimed at enhancing efficiency, durability, and overall performance, are poised to stimulate market growth.

Global Automatic Weigh Price Labeling Machine Market by Category

By Throughput Rate:

Up to 50ppm
50 to 150ppm
Above 150ppm

By Capacity:

Up to 12kg
12 to 60kg
Above 60kg

By End Use:

Food and Beverage
- Dairy Products
- Flesh Foods
- Agricultural Produce
- Ready to Use
- Bakery and Confectionary
- Pharmaceutical Use
Personal Care Products
Logistics and Packaging
Others (Chemical, Laboratory, etc.)

By Region:

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

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Multi-Deck Refrigerated Display Cases Market Expected to Attain US$ 10,766.1 Billion by 2033, with a Projected CAGR of 5.6%

ESCOMAR Certified Market Research and Consulting Firm Predicts Market Valuation to Reach US$ 10,766.1 million by 2033, Propelled by a 5.6% CAGR

Global Multi-Deck Refrigerated Display Cases Market Valuation Set to Scale New Heights

Future Market Insights (FMI), a leading ESCOMAR certified market research and consulting firm, has projected a promising future for the global multi-deck refrigerated display cases market. According to FMI’s estimations, the market is poised to attain a substantial valuation of US$ 6,243.38 million in 2023. The momentum is anticipated to surge ahead, with the revenue from sales of multi-deck refrigerated display cases predicted to surpass a remarkable valuation of US$ 10,766.1 million by the year 2033. This impressive growth trajectory is underpinned by a robust CAGR of 5.6%, spanning the period from 2023 to 2033.

Innovations Drive the Emergence of Multi-Deck Refrigerated Display Cases

In the quest for developing low global warming potential refrigerants, the refrigeration industry has encountered the challenge of downstream usability. In response, manufacturers have directed their efforts toward creating safer and more cost-effective solutions, which has led to the evolution of multi-deck refrigerated display cases. These innovations cater to specific industry requirements, promising enhanced efficiency and safety.

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Urbanization Amplifies Demand for Multi-Deck Refrigerated Display Cases

The escalating demand for rapid access to food and beverages, fueled by urbanization, has fostered a surge in fast-food stores catering to on-the-go customers. This surge has spurred sales growth in fast-service restaurants and subsequently bolstered the demand for multi-deck refrigerated display cases. Moreover, the expansion of the retail sector, encompassing supermarkets, hypermarkets, and convenience stores, presents a fertile ground for growth. The need for optimal space utilization and interior environment maintenance has spurred the demand for multi-deck refrigerated display cases with remotely located condensers, offering both energy efficiency and enhanced storage capacity.

Asia Pacific Spearheading the Market Growth

The rapid urbanization in regions like Asia Pacific has significantly elevated the reliance on food and beverage storage and transportation. With growing per capita income, urbanization, and increased women’s workforce participation, the demand for quick-service restaurants, particularly in countries like India and China, has surged. This trend is poised to drive the sales of multi-deck refrigerated display cases in these nations.

United States Dominates with Steady Growth

Taking the lead with a substantial market share of 22.8%, the United States commands the global multi-deck refrigerated display cases industry. The United States market is on a trajectory of steady growth, characterized by the introduction of innovative products and the proliferation of a thriving supermarket culture. Additionally, the rising presence of hospitality (HoReCa) establishments further propels growth. Future Market Insights forecasts that the United States market is anticipated to surpass a revenue milestone of US$ 1,450 million by 2033.

Intense Competition Drives Innovation and Expansion

The market landscape for multi-deck refrigerated display cases is notably competitive and fragmented, with major players contending against numerous smaller competitors. Leading companies are vigorously expanding their market reach and optimizing market share. Simultaneously, smaller manufacturers are focusing on competitive pricing and heightened product efficiency to bolster their profit margins.

Recent years have witnessed heightened acquisition and expansion activities aimed at enhancing the supply chain of multi-deck refrigerated display cases. Various manufacturers are also investing in technology-driven advancements within the multi-deck refrigerated display case domain, resulting in the emergence of new players.

Evolving Industry Through Noteworthy Initiatives

Carrier Corporation signed a binding agreement to acquire Toshiba Corporation’s ownership stake in Toshiba Carrier Corporation (TCC), a variable refrigerant flow (VRF), and light commercial HVAC joint venture with Carrier, in February 2022.

Epta S.p.a. Refrigeration invested in Portugal by acquiring Eurocold, a company specializing in engineering, installation, and maintenance services in commercial and industrial refrigeration, in December 2021.

Frigoglass SAIC announced a new supply agreement for beverage coolers with Coca-Cola HBC AG until December 31, 2025, in 2021.

As the global multi-deck refrigerated display cases market continues to evolve, Future Market Insights remains committed to providing incisive insights and data-driven analyses, aiding industry stakeholders in making informed decisions in this dynamic landscape.

Key Players:

Blue Star Limited
Carrier Corporation
Frigoglass SAIC
Epta S.p.a. Refrigeration
Dover Corporation
Haier Group
Arneg S.p.A
Illinois Tool Works Inc.
Daikin Industries, Ltd.
Fagor Professional

Global Multi-Deck Refrigerated Display Cases Market by Category

By Type:

Plug-In Multi-Deck Refrigerated Display Case
Semi Plug-In Multi-Deck Refrigerated Display Case
Remote Multi-Deck Refrigerated Display Case

By Width:

Up to 4ft Multi-Deck Refrigerated Display Case
4 to 6ft Multi-Deck Refrigerated Display Case
6 to 10ft Multi-Deck Refrigerated Display Case
Above 10ft Multi-Deck Refrigerated Display Case

By End-Use:

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

By Case Type:

Forced Air Type Multi-Deck Refrigerated Display Case
Gravity Coil Type Multi-Deck Refrigerated Display Case

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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Automated Parcel Delivery Terminals Market Analysis: Anticipated Growth at 11% CAGR by 2033, Totaling US$ 2,140.7 Million

The Automated Parcel Delivery Terminals Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Automated Parcel Delivery Terminals market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Automated Parcel Delivery Terminals. 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 Automated Parcel Delivery Terminals Market has experienced notable expansion, predominantly propelled by the robust growth of the e-commerce sector and the widespread integration of online retail services. With a burgeoning preference for the convenience of digital shopping among consumers, the demand for efficient and reliable parcel delivery solutions has surged significantly. Moreover, the market’s upward trajectory has been further augmented by the escalation in international shipments, driven by the globalized nature of businesses and the increasing traction for cross-border e-commerce activities.

To uphold competitiveness and meet the escalating expectations of customers, shipping and logistics enterprises have been allocating substantial investments toward cutting-edge technologies and automated solutions, aiming to streamline their operational processes and curtail overall expenditure.

For the ongoing year, 2023, the global net requirement for automated parcel delivery terminals is estimated to reach an approximate value of US$ 753.9 million. According to the latest market analyses by Future Market Insights (FMI), a promising CAGR of 11% is anticipated from 2023 to 2033. Following this impressive growth trajectory, the overall market is positioned to achieve a valuation of US$ 2,140.7 million by the year 2033.

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The primary drivers of the automated parcel delivery terminals market continue to be the burgeoning e-commerce industry and the widespread adoption of online retail. Additionally, the upsurge in international deliveries and the implementation of modern shipping and logistics enhancements to reduce operational costs have played pivotal roles in fostering market expansion.

The market’s total development potential is being constrained by issues including its propensity for break-ins, and the emergence of rival delivery methods. Furthermore, the requirement for sizable installation space and high capital for its deployment could limit its adoption in emerging economies.

Key Takeaways from the Automated Parcel Delivery Terminals Market Study Report

Global players are mostly concentrated in the United States, which held 26.7% portion of the global market in the year 2022.
Germany is the leading country in Europe which contributed 4.5% of the global demand for automated parcel delivery terminals in 2022.
The adoption of automated parcel delivery terminals in the United Kingdom is anticipated to progress at 9.2% CAGR over the next ten years.
In Asia Pacific region, Japan and Australia are the prominent countries making high use of automated parcel delivery terminals. As per the FMI market survey report in 2022, these countries contributed almost 4.1% and 1.4% of the global revenue share respectively.
China is growing at a notable rate in the adoption of automated parcel delivery terminals nowadays and could register a CAGR of 12.6% through 2033. Meanwhile, India is projected to follow China in demand for automated parcel delivery terminals by exhibiting a growth rate of 11.7% during this period.
Based on different deployment types, the outdoor terminals constitute the dominant segment of the market that generated a revenue share of 44.5% in 2022.
Based on ownership of distinct automated parcel delivery terminals, the shipping or logistics companies segment leads the market by capturing 40.3% market share.

Competitive Landscape for the Automated Parcel Delivery Terminals Market Players

The overall market is getting fairly fragmented day by day as there are so many competitors who have started providing automated parcel terminal services. Moreover, these days, the development of private networks of parcel terminals is a top priority for many postal operators, merchants, and logistics firms.

Mergers and collaborations by the leading market players have turned out to be key strategies for expanding the consumer base and service network. For instance,

Cleveron teamed up with Bell & Howell in 2015 to improve parcel terminal delivery in the United States and Canada. It is also anticipated that such cooperation between terminal providers and merchants might escalate the competition in the coming days.
In June 2019, the Company also collaborated with Falabella Retail parcel services businesses in Latin America, which has its headquarters in Chile.

Key Segments Covered in the Automated Parcel Delivery Terminals Report

By Deployment Type:

Indoor Terminal
Outdoor Terminal

By Ownership:

Retailers
Shipping/Logistics Companies
Government Organization
Others

By Region:

North America
Europe
Asia Pacific
The Middle East and Africa
Latin America

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.

Contact Us: