Market Research Blog

The robotic grippers market is estimated to secure a valuation of USD 1.7 Billion in 2023 and is projected to reach USD 4.3 Billion by 2033. The market is estimated to thrive at a CAGR of 9.4% during the forecast period.

Key Takeaways  

• Historically, the market captured a valuation of USD 1 Billion in 2018.
• The United States is anticipated to secure a CAGR of 45.3% in the global market during the forecast period.
• India is estimated to predict a CAGR of 4.0% during the forecast period.
• With a CAGR of 1.2%, Japan is significantly fueling the global market by 2033.

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How are Developing Countries Performing their Role in the Global Market?

Developing countries are capturing huge revenue in the global market. The growing economies and technological advancements in developing countries such as China, South Korea, and India drive the market size. These countries are heavily investing in research and development activities such as low-cost robotic grippers with highly skilled specialists.

In China, industrial robots and their component production is growing rapidly. The Chinese government is supporting the expansion of the robotic industry by adding funds and several policies. The key companies in China include Zimmer Group, Estun Automation, Siasun, and Festo.

In India, manufacturers focus on developing unique, low-cost products to attract end users. The robotic grippers market growth is still at stage one in India, but the key companies are significantly achieving their goal with potential growth. The manufacturing, logistics, and healthcare sectors are gaining huge popularity while rapidly increasing the adoption of the robotic gripper.

South Korea also enhances the robotic sector through its research and development activities. The key companies are collaborating with research institutions to develop advanced robotic grippers in the country. The start-ups are coming up with a strong presence in the market with cutting-edge robotic grippers. The government also supports them in enhancing the robotics industry through their funding programs.

Which Strategies are Helping Key Players in the Global Market?

The strategies in the global market are as follows:

• Focus on Sustainability: The key companies are developing environment-friendly and sustainable products. Their focus on sustainability improves product quality and attracts end-users. This step is estimated to increase the demand for high-quality and advanced robotics grippers.
• Strong Distribution Channel: The key players maintain their strong network to reach relevant consumers and increase brand value and product sales.
• Strategic Partnerships: The companies are partnering with other essential players to expand their business and stay ahead of competitors in the market.
• Technological Advancements: The key players are innovating products by adopting advanced technologies. Such as cutting-edge, artificial intelligence, and others. Through these technologies, they make excellent, high-quality products to fulfill consumers’ requirements.

Recent Developments in the Market are:

• In 2021, OnRobot announced its new launch of the electric vacuum gripper VGP20. This gripper was designed to provide high-speed packaging with its customized vacuum feature.
• In 2021, Zimmer Group announced its new gripper, GEP4000. The gripper is designed for heavy loads and provides high gripping force in the manufacturing and automotive sectors.

Prominent players in the robotic gripper market:

• SCHUNK GmbH & Co. KG
• Soft Robotics, Inc.
• Piab AB
• Applied Robotics
• ABB Limited
• Grabit Inc.
• Yaskawa America, Inc.
• J. Schmalz GmbH
• Festo AG & Co. KG
• Onrobot
• Bastian Solutions
• Coval Vacuum Technology Inc.
• Brenton Engineering
• Kuka Roboter GmbH
• Destaco

Robotic Gripper Market Segmentation:

By Product Type:

• Jaw Gripers
• Angular & 3-jaw Grippers
• Ring Grippers
• Needle Grippers
• Vacuum Cups
• Magnetic Grippers
• Special Purpose Grippers
• Others

By Application:

• Material Handling
• General Assembly
• Inspection & Others

By End Use:

• Automotive & Transportation
• Electronics & Semiconductors
• Food & Beverages
• Chemicals & Pharmaceutical
• Logistics
• Healthcare
• Others

By Region:

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

About Future Market Insights (FMI)

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

Contact 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
Browse All Reports: https://www.futuremarketinsights.com/reports

The Glass Tempering Systems Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Glass Tempering Systems market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Glass Tempering Systems. 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 glass tempering systems market is poised for significant expansion and is expected to reach a valuation of approximately USD 71,389.8 million by the conclusion of 2023. This noteworthy trajectory reflects a reinvigorated industry, marked by a robust adoption rate across critical sectors such as automotive, architecture, and electronics. Forecasts suggest a consistent and substantial CAGR of 4.8% during the period from 2023 to 2033, ultimately resulting in an impressive valuation of approximately USD 108,864.8 million by the year 2033.

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Driving Factors Accelerating the Global Glass Tempering Systems Market

1. Thriving Automotive Industry: The automotive sector, a perennial powerhouse of innovation, is fervently embracing glass tempering systems. Enhanced safety and design aesthetics have become paramount, driving the demand for tempered glass in vehicle manufacturing. This thrust is compelling automakers to integrate advanced tempering technologies into their production processes.
2. Architectural Advancements: Aesthetic excellence, energy efficiency, and security are pivotal in modern architectural designs. Glass, due to its versatility, has become the cornerstone of these architectural advancements. Glass tempering systems play a pivotal role in ensuring the durability and safety of architectural glass, leading to a surge in their adoption within the construction industry.
3. Electronics on the Rise: The relentless march of technology places ever-increasing demands on electronic devices. Tempered glass is a linchpin in the production of durable, shatter-resistant screens for smartphones, tablets, and other gadgets. As consumer electronics continue to proliferate, so too does the demand for glass tempering systems.
4. Stringent Safety Regulations: Governments and regulatory bodies worldwide are becoming more stringent in their safety regulations, particularly in sectors like automotive and construction. Glass tempering systems offer compliance with these rigorous standards, making them indispensable in ensuring product safety and adherence to regulations.
5. Sustainability Surge: With the global emphasis on sustainability and environmental responsibility, tempered glass is gaining traction due to its recyclability and energy-efficient properties. Businesses are leveraging this trend to meet the demands of eco-conscious consumers and reduce their carbon footprint.

Challenges Hindering Market Growth

While the glass tempering systems market is primed for unprecedented growth, it is not without its challenges:

1. High Initial Investment: Implementing advanced glass tempering systems requires a significant upfront investment. This can be a deterrent for smaller businesses looking to enter the market or upgrade their existing equipment.
2. Intensive Technological Expertise: Operating and maintaining tempering equipment demands a high level of technical expertise. Businesses may face challenges in sourcing and retaining skilled personnel.
3. Fluctuating Raw Material Costs: The cost of raw materials for tempered glass, particularly high-quality glass, can fluctuate due to market conditions. This can affect profit margins and pricing strategies.
4. Global Supply Chain Disruptions: The glass industry, like many others, is susceptible to supply chain disruptions, including raw material shortages and transportation bottlenecks. These disruptions can impact production schedules and delivery times.

Key Takeaways: Integration of Advanced Technologies in Glass Tempering

• Automation in Flat Tempering: Key manufacturers are adopting advanced technologies to automate flat tempering processes, streamlining production and improving efficiency.
• Online Stress Calculation: The use of an online stress calculation solution, which leverages process data, helps in real-time assessment of temperature and stress distribution during quenching in the tempering process.
• Tempering Process Autopilot: Automation reduces the need for constant operator input, offering precise process control without manual adjustments, enhancing efficiency and consistency.
• Benefits for Customers: Customers benefit from these innovations with increased bed utilization, leading to improved energy efficiency, greater capacity, enhanced quality, repeatability, and enhanced operational safety.
• Predictive Maintenance: Machines equipped with these technologies can proactively manage predictive maintenance, minimizing downtime, and can suggest spare part replacements when needed, optimizing overall equipment performance.

Competitive Landscape

Leading manufacturers of glass tempering systems are aggressively expanding their customer base by actively participating in global exhibitions, where they showcase their cutting-edge products and innovations. Additionally, they maintain a relentless focus on enhancing their existing product portfolios while simultaneously developing innovative, high-quality, and dependable products. Merger and acquisition activities are also a strategic imperative for these companies, aimed at bolstering their global presence.

Furthermore, these manufacturers are deeply committed to the integration of artificial intelligence (AI) in automating the glass tempering process. For instance, on August 17, 2022, Glaton Corporation unveiled its latest advancement in automating flat tempering, introducing an online stress calculation solution that utilizes real-time process data to compute temperature and stress distribution within the quenching segment of the tempering process.

Notable recent developments in this dynamic industry include:

• In 2020, Hegla significantly expanded its foothold in the glass processing sector by introducing the CTF series of flat glass tempering furnaces.
• In May 2021, Glaston Corporation entered into a strategic partnership with Softsolution, an Austria-based manufacturer specializing in quality assurance systems for the glass industry. This collaboration marks a substantial leap forward in advancing glass quality inspection within heat treatment processes.
• In 2018, TaiFin successfully sold its CTF tempering furnace to Garibaldi Glass Industries, underlining its commitment to providing cutting-edge solutions to meet the evolving needs of the glass industry.

Key Players:

• LiSEC Austria GmbH
• Luoyang Landglass Technology Co. Ltd.
• Luoyang North Glass Technology Co., Ltd.
• Keraglass Industries Srl .
• SAS VILUX
• CoolTemper Ltd
• Lambert GT Services Ltd
• IGE Glass Technologies, Inc
• Saint-Gobain SA.
• EFCO

Key Segments Covered in Glass Tempering System Industry Analysis

By Tempering Technology:

• CHQE
• Standard Configuration
• Advanced Configuration
• Chemical Treatment

By Application:

• Flat
• Continuous
• Oscillating
• Bent
• Combined Flat and Bent

By End Use:

• Automotive Window
• Architectural
• Windows And Façade
• Mirror & Partitions
• Furniture
• Electronics
• Smartphone
• Appliances
• Solar Applications
• Others

By Region:

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

About Us

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

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

According to forecasts, the environment testing, inspection, and certification market is expected to be USD 19,035.60 million in 2023 and USD 33,551.7 million by 2033.

The development of the environment testing, inspection, and certification sector has been supported by the demand for testing services in the manufacturing sector for retail, consumer goods, and food and beverages.

A tremendous opportunity has been created for industry participants due to increased online shopping trends and the demand for consumer product testing and inspection.

Manufacturers and top firms are working on adhering to the strict rules and requirements set by the government to ensure the safe execution of the items.

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Over the projection period, this is likely to continue to drive up demand for environmental testing, inspection, and certification. The expanding infrastructure and renewable energy-generating projects present the global industry with tremendous potential prospects. Due to expanding urbanization, infrastructure development operations have increased in numerous developed and emerging economies.

Key Takeaways

• By 2033, the environment testing, inspection, and certification market in the United Kingdom is likely to expand, with a CAGR of 6.1%.
• In 2023, the United States is expected to develop the environment testing, inspection, and certification business with a share of 24.6%.
• The environment testing, inspection, and certification market grew considerably to US$ 17,873.84 million in 2022.
• The environment testing, inspection, and certification industry expanded at a CAGR of 4.3% from 2018 to 2022.
• By 2033, the environment testing, inspection, and certification market in China is projected to have a CAGR of 6.7%.
• By 2033, India’s environment testing, inspection, and certification industry is projected to expand with a CAGR of 7.2%.
• Japan’s environment testing, inspection, and certification sector is likely to grow significantly, with a 5.2% share in 2023.
• Australia’s environment testing, inspection, and certification is expected to develop with a share of 0.4% in 2023.
• Germany’s environment testing, inspection, and certification business is expected to grow, with a share of 6.1% in 2023.
• In 2023, based on the product type, the testing segment is expected to dominate the market, with a share of 57.2%.
• In 2023, an industrial product manufacturers segment is expected to dominate the market, with a share of 34%, based on end use.

Competitors’ Successful Techniques

Key players are expanding their services in several nations worldwide by utilizing business tactics, including mergers, acquisitions, and partnerships. Businesses have been creating new development centers in new regions to boost market penetration. This helps them to establish more beneficial business relationships with clients and customers.

Top Key Players

• SGS SA
• Intertek Group
• Bureau Veritas
• Yara International ASA
• ALS Ltd, Assure Quality
• Exova Group, SCS Global
• RJ Hills Laboratories
• APAL Agriculture
• TUV Nord AG
• Eurofins Scientific
• GE Healthcare and Life sciences
• Danaher
• Agrolab Group
• SAI Global Limited
• Cawood Scientific

Recent Development:

• Thermo Fisher Scientific Inc. introduced a new fast environmental test in February 2022 to aid in the fight against COVID-19. The company’s Thermo Scientific AerosolSense Sampler is used to gather air samples for the new test, known as the “Renvo Quick Test.”
• In March 2021, Intertek Group PLC introduced services for sophisticated analytical tests that were improved for more specificity, effectiveness, and accuracy to identify allergens in cosmetics. This service helps customers comply with legal standards and ensure safer goods.

 Key Segmentations

By Product Type :

• Testing
• Inspection
• Certification

By End User:

• Agriculture Industry
• Construction Industry
• Government Institutes and R&D laboratories
• Industrial Product Manufacturers
• Other End Users

By Sample Type:

• Water Testing
• Air Testing
• Soil Testing
• Building Materials
• Waste Testing
• Fuel/Oil Testing

By Test Type:

• Toxins
• Chemicals
• Pathogens
• Physical Properties
• Metal
• Organic Matter
• Nutrients/Elements/Minerals
• Inorganics
• pH Test
• Other Types

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 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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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.

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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:

1. 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.
2. 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.
3. 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.
4. 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)

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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.

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
LinkedIn| Twitter| Blogs | YouTube

The Fire Extinguisher Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Fire Extinguisher market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Fire Extinguisher. 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 Fire Extinguisher Market is currently experiencing a consistent upsurge in demand, driven by a concerning increase in fire-related fatalities within both residential and commercial settings. As the imperative for effective fire control becomes increasingly apparent, fire extinguishers have emerged as indispensable tools for swiftly and efficiently extinguishing flames, particularly in confined spaces. These essential devices are thoughtfully designed with simplicity at their core, empowering individuals to confidently and effectively address fire emergencies.

According to a report by Future Market Insights, the fire extinguisher market is projected to exhibit a CAGR of 5.7% from 2023 to 2033. By the conclusion of this specified period, it is estimated that the market will attain a valuation of approximately US$ 7 billion. Notably, fire extinguisher sales are expected to reach a significant milestone, surpassing US$ 4 billion by the year 2023.

As the incidence of fire-related fatalities in both residential and commercial properties continues to rise, so too does the demand for fire extinguishers. These devices, with their simplicity of operation, play a pivotal role in mitigating fire hazards during critical emergency situations.

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The installation and maintenance of hydrant systems and automated fire sprinkler systems necessitate the involvement of skilled firefighters or specialized equipment, both of which are limited in their applicability within confined spaces. Additionally, the implementation of sprinkler systems can be cost-prohibitive, rendering them inaccessible to certain entities.

Key Takeaways from the Market Study

• From 2018 to 2022, the global fire hydrant market grew at a CAGR of 4.5%
• As of 2022, the fire hydrant market was valued at US$ 3.8 billion
• The United States is expected to be an opportunistic market, accumulating a valuation of US$ 1 billion in 2021
• Germany to account for 15.7% of the European fire extinguishers demand
• As of 2022, the market for fire extinguishers in China was valued at US$ 560 million
• India to experience a CAGR of 6% from 2023 to 2033 with respect to fire extinguishers sales
• Around 1/4^thof all fire extinguishers are expected to comprise dry chemicals
• By fire type, class A fires to generate incremental opportunity worth US$ 1.6 billion

‘The global fire extinguisher business is expected to grow significantly. Increased construction activity for commercial spaces, new manufacturing plants, and the introduction of new housing developments, combined with the implementation of strict fire safety laws, are all influencing the global fire extinguishing market,’ says FMI analyst.

Competitive Landscape

The global fire extinguisher marketplace is extremely competitive with numerous small-scale and local competitors present. Key players in the fire extinguishers market use tactics such as company growth through mergers and acquisitions, product launches, partnerships, and alliances.

• Ceasefire Industries Pvt. Ltd. unveiled an exclusive range of home extinguishers with a compact point-and-shoot construct in August 2022.
• SFP Holding, Inc. declared in June 2002 that its subsidiary companies, Summit Fire & Security and Summit Fire Protection, had just concluded ten strategic acquisitions.

More Valuable Insights

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

The study reveals essential insights by product type (water, foam, we chemical, dry powder, carbon dioxide, dry chemical, and others), fire type (class A, class B, class C, class D, and class D), and end-user (residential, commercial, industrial, public areas, and others) across five major regions (North America, Latin America, Asia Pacific, Europe and Middle East & Africa).

Key Segments Profiled in the Fire Extinguisher Industry Survey

By Product Type:

• Water
  • Air-Pressurized Water
  • Water-Mist
• Foam
  • Aqueous Film-Foaming Foam
  • Compressed Air Foam System
  • Others
• Wet Chemical
  • Potassium Acetate
  • Potassium Carbonate
  • Potassium Citrate
• Dry Powder
• Carbon Dioxide
• Dry Chemical
• Others

By Fire Type:

• Class A
• Class B
• Class C
• Class D
• Class K

By End-Use:

• Residential
• Commercial
• Industrial
• Public Areas
• Others

Region:

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

About Us

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

Contact:

Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

The Retail Printer and Consumables Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Retail Printer and Consumables market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Retail Printer and Consumables. 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 retail printers and consumables market, which soared to an impressive USD 2,885.3 million in 2022, is on an upward trajectory and projected to scale new heights, reaching a valuation of USD 3,015.1 million by 2023. This dynamic sector is poised for a stellar performance, driven by a confluence of factors that are shaping the retail landscape worldwide.

Explore The Research Report
https://www.futuremarketinsights.com/reports/retail-printers-and-consumables-market

Key Drivers Accelerating Market Growth:

1. E-commerce Revolution: The relentless expansion of e-commerce is revolutionizing retail, and the demand for retail printers and consumables is surging in tandem. As online shopping becomes the norm, the need for efficient order processing, shipping labels, and packaging materials is driving the adoption of retail printing solutions.
2. Retail Digitization: In an era where data is paramount, retail businesses are embracing digital technologies for inventory management, pricing, and customer engagement. Retail printers play a pivotal role in generating essential documentation, pricing tags, and receipts, making them indispensable tools for modern retailers.
3. Supply Chain Optimization: The global supply chain ecosystem is witnessing a transformation, with an emphasis on efficiency and accuracy. Retail printers and consumables are integral components in maintaining real-time tracking, ensuring seamless inventory management, and reducing operational costs.
4. Customer Experience Enhancement: Retailers are investing heavily in enhancing the overall shopping experience. Retail printers aid in providing customized receipts, coupons, and promotional materials, thereby fostering customer loyalty and retention.
5. Environmental Sustainability: As businesses become increasingly eco-conscious, there is a growing demand for eco-friendly printing solutions. Manufacturers are responding by developing sustainable consumables and energy-efficient printing technologies, aligning with global sustainability goals.

Market Restraint:

Despite the promising growth prospects, the global retail printers and consumables market faces a notable restraint – the challenge of technological obsolescence. Rapid advancements in technology can render existing equipment outdated, necessitating frequent upgrades or replacements. To mitigate this, businesses must adopt forward-looking strategies, invest in flexible and upgradable solutions, and stay attuned to evolving market trends.

Key Takeaways:

• Rapid Growth of Retail Industry: The global retail printers and consumables market is poised for growth due to the thriving retail industry worldwide, particularly in sectors like supermarkets and departmental stores.
• Essential in Retail: Retail printers have become essential tools in the manufacturing and retail sectors, serving as the industry standard for storing product information.
• Dependency on Separate Systems: One limitation to market growth is the fact that these printers cannot store or process information independently, necessitating a separate computer system, which can potentially hinder market expansion.
• OEM Innovation: Original equipment manufacturers (OEMs) are addressing this challenge by focusing on developing and promoting retail printers that can function as both a printer and a computer, eliminating the need for a separate system. This innovation holds promise for the global retail printers and consumables market in the forecast period.

Competitive Landscape:

Prominent manufacturers in the retail printers and consumables sector are consistently enhancing their product portfolios through the introduction of advanced solutions and the refinement of existing product lines. They are also focusing on integrating cutting-edge features, including wireless connectivity. Furthermore, these industry leaders are strategically leveraging partnerships, acquisitions, mergers, collaborations, and the fortification of distribution channels to expand their global presence.

• In 2022, Epson, a renowned global leader in label and receipt printers, unveiled the TM-L100 liner-free label printer, catering to the needs of hospitality and retail food service providers. This innovative addition bolsters their position in the market.
• In February 2022, Canon bolstered its array of inkjet printers tailored for businesses with the introduction of the MAXIFY GX5070 printer, demonstrating their commitment to offering cutting-edge solutions for corporate clients.

Key Players:

• Zebra Technologies Corporation
• Honeywell International Inc.
• Toshiba TEC Corporation
• SATO Holdings Corporation,
• Avery Dennison Corporation
• Oki Electric Industry Co. Ltd.
• TSC Auto Id Technology Co. Ltd.
• tar Micronics Co. Ltd.
• Postek Electronics Co. Ltd.

Key Segments Covered in Retail Printers and Consumables Market Analysis

By Type:

• Desktop Printers
• Industrial Printers
• Mobile Printers
• Others

By Technology:

• Label Printer
  • Thermal Transfer
  • Direct Thermal
  • Inkjet
  • Laser
• Paper Printer
  • Thermal Transfer
  • Direct Transfer
  • Impact
  • Inkjet

By Application:

• Departmental Stores
• Warehouse Retailers
• Mom & Pop Stores
• E-Commerce
• Supermarkets

By Region:

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

About Future Market Insights (FMI)

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

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According to a Future Market Insights (FMI) report, the global substation automation market is anticipated to be worth US$ 29.12 Billion in 2023. The demand for substation automation is expected to increase at a 6.7% CAGR between 2023 and 2033, with a market value of roughly US$ 55.69 Billion by 2033.

The increasing demand for reliable and efficient power supply drives the substation automation industry. As the world’s population grows and urbanization accelerates, there is a rising need for advanced automation technologies to ensure uninterrupted electricity delivery. Additionally, the integration of renewable energy sources into the power grid and the need for grid modernization are driving the adoption of substation automation solutions.

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The increasing focus on energy efficiency and sustainability presents significant opportunities for the substation automation industry. Governments and regulatory bodies worldwide are implementing policies and incentives to promote the adoption of smart grid technologies and improve overall energy efficiency. Substation automation is crucial in optimizing power distribution, reducing energy losses, and enabling real-time monitoring and control.

What are Key Players Doing to Thrive in the Substation Automation Market?

The substation automation industry is highly competitive, with several key players vying for market share and technological advancements. Some of the prominent companies operating in the sector include:

• ABB Ltd: A global leader in power and automation technologies, ABB offers a comprehensive range of substation automation solutions, including control systems, protection devices, and communication networks. The company’s extensive product portfolio and strong research and development capabilities position it as a major player in the market.
• Siemens AG: Siemens is a renowned name in the field of electrification, automation, and digitalization. The company offers many substation automation products and solutions, including intelligent electronic devices, advanced control systems, and remote terminal units. Siemens’ expertise in integrated automation and digital solutions gives it a competitive edge in the industry.
• Schneider Electric SE: Schneider Electric is a global leader in energy management and automation solutions. The company provides advanced substation automation solutions that enable efficient electrical network monitoring, control, and protection. Schneider Electric’s focus on sustainability and innovative technologies positions it as a key player in the substation automation market.
• General Electric Company: GE is a prominent player in the substation automation industry, offering a comprehensive portfolio of digital solutions for power transmission and distribution. The company’s expertise in grid analytics, advanced controls, and asset performance management allows it to deliver cutting-edge substation automation solutions.
• Eaton Corporation: Eaton is a leading power management company that offers a wide range of substation automation products and services. The company’s offerings include intelligent electronic devices, communication solutions, and software platforms for efficient substation automation. Eaton’s focus on reliability, safety, and sustainability makes it a strong competitor in the industry.

Key Takeaways from the Substation Automation Market:

• The United States holds a market share of 7% in 2023, contributing significantly to the global market in substation automation.
• Germany captures a market share of 5% in 2023, showcasing its presence in the substation automation industry.
• Japan secures a market share of 1% in 2023, playing a notable role in the global market for substation automation.
• Australia demonstrates a CAGR of 2% during the forecast period, indicating growth potential in the substation automation market.
• China exhibits a CAGR of 6% during the forecast period, reflecting its steady expansion in the substation automation industry.
• India showcases a CAGR of 1% during the forecast period, presenting opportunities for growth in the substation automation market.
• The United Kingdom reveals a CAGR of 0% during the forecast period, indicating a positive outlook for the substation automation industry.
• SCADA-based control system holds a significant share of 0% in the substation automation industry.
• Commercial and civic power utilities account for 5% of the end user market in substation automation.

Industry Segmentation:

By Component:

• Hardware
• IEDs
• Bay Controller
• Feeder and Motor
• Protection Relay
• Tele controller / IECs
• Circuit Breaker Control & Management
• Line Differential
• Others
• Software
• Data Visualization and Monitoring
• Data Analysis

By Site:

• Process Level/ Electric Control unit
• Bay Level
• Substation Level

By Rated Voltage:

• Low Voltage
• Medium Voltage
• High Voltage

By Control System:

• SCADA based
• HMI based
• RI/O (Remote Input-Output) based

By Application:

• Transmission Substation
• Distribution Substation

By End User:

• Commercial and Civic Power Utilities
• Oil & Gas terminals
• Mining & Metallurgy
• Manufacturing Unit
• Railways

By Region:

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

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 is 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
LinkedIn| Twitter| Blogs | YouTube