The Industrial Safety Gloves Market Is Predicted To Grow At 4.5% CAGR Through 2032

By the end of 2026, the nearly US$ 6 billion market for industrial safety gloves is anticipated to reach US$9.6 billion, growing at a CAGR of over 4.5% from 2017 to 2026.

According to a recent study by Future Market Insights, the industrial safety glove market is steadily expanding, primarily due to the accelerating adoption of workplace safety measures and ongoing R&D regarding innovative task-specific safety equipment.

The Industrial Safety Gloves Market Landscape

A few major manufacturing companies dominate the industrial safety gloves market with their own distinctive selling strategies. The industrial safety gloves market is highly competitive globally. Key players in the industrial safety gloves market, including 3M, Honeywell, and DuPont, currently control 15–30% of the market’s value in terms of individual revenue shares.

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Acknit, Lakeland, Uvex, Carolina, and United Glove are just a few of the significant group of industrial safety glove market participants that account for individual market shares of no more than 15%.

A recent research insight by Future Market Insights predicts a fiercely competitive scenario governing the global industrial safety gloves market landscape in the near future with a significant cumulative share anticipated for domestic players in the market.

ASEAN & ANZ Shape the Growth of APEJ’s Industrial Safety Gloves Landscape

APEJ’s industrial sector has recently grown more active due to rampant industrialization, highlighting the expanding importance of workplace and occupational safety. Even though APEJ has recently shown strong growth, it still frequently runs into significant problems with workplace labour safety. According to statistics provided by the ILO, over a million people die from occupational injuries each year across Asia (International Labour Organization).

In spite of the fact that this shows how profitable the APEJ region is for industrial safety glove manufacturers to penetrate, Australia and New Zealand, in addition to ASEAN nations, are predicted to make a significant contribution to growth.

These nations have long been forerunners in setting industrial safety standards, giving them an advantage over rivals throughout the Asian rim in the market for industrial safety gloves.

Industrial Safety Gloves Market-Competitive Landscape Analysis

Although the demand for industrial safety gloves from various industries is constantly growing, there are also more suppliers than ever before, which has significantly increased buyers’ bargaining power in the industrial safety glove market.

The strong presence of numerous retail and wholesale distributors in the global industrial safety gloves market, which includes both online and offline stakeholders in the industrial safety gloves market, will keep suppliers’ bargaining power low, though.

Following the various industrial certifications required for the production of industrial safety gloves, Future Market Insights anticipates new entrants to the industrial safety glove market to seize high-potential opportunities in emerging economies.

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Over the foreseeable future, new product development will continue to command attention in the industrial safety glove landscape as leading companies in the market view it as being of utmost importance for a differential lead over the competition in the industrial safety glove market.

In order to specifically meet the demanding needs of dentistry, Ansell Ltd. recently introduced a new line of dental examination gloves called the Micro-Touch Denta-Glove Series. More recently, the KC Performance LED Light Glove, a high-performance patented glove introduced by LEDLife.us, represents an effort to integrate fit, form, and function.

In addition, Showa revealed the arrival of a brand-new safety glove called the Showa 379, which has extra flexibility and chemical resistance to set itself apart from rivals in the market for industrial safety gloves.

Product Type:

  • Leather gloves
  • Aluminized gloves
  • Aramid gloves
  • Disposable gloves
  • Synthetic gloves
  • Metal Mash
  • Fabric gloves
  • coated fabric gloves.
  • Chemical Protective Gloves
  • Rubber Insulating Gloves

End User:

  • Manufacturing
  • Construction
  • Petroleum and natural gas
  • Transportation
  • Pharmaceuticals
  • Chemicals
  • Food
  • Mining
  • Agriculture
  • Maritime and Defense

Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

About Future Market Insights (FMI)

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

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China and India to Remain High-Growth Countries in the Rivet Gun Market – FMI

The global rivet gun market is covered in detail in the report for the years 2018 to 2028, including market dynamics, value (US$ Mn) and volume (units), competition projections, recent developments, and market trends.

By the end of the forecast period, the market for rivet guns is anticipated to have grown by a CAGR of 6.1%, reaching US$ 799.9 Mn. Some of the major factors anticipated to increase the demand for rivet guns in the global market include the rising demand for pneumatic rivet guns and the growth of online rivet gun sales.

 Rivet Gun Market – Competition Landscape

The global rivet gun market is moderately consolidated with top market players holding single-digit market shares as of 2017. The top ten players in the global rivet gun market are projected to collectively hold between a 25% and 30% market share.

In the past few years, the rivet gun market has witnessed significant developments from a competition perspective. Acquisitions, collaborations and expansion of production capacity are some of the key strategies adopted by market players to expand and sustain in the global rivet gun market.

  • In August 2014, Atlas Copco North America, Asia-Pacific, and U.K. Holding company has completed the acquisition of all entities of self-pierce riveting specialist Henrob with main sirtes in the UK and the US
  • In March 2015, the company acquired Newell Brands’ Tools Business for US $1.95 billion to strengthen its position in the global tools industry

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Some of the key manufacturers covered in this study on the global rivet gun market are GESIPA Blindniettechnik GmbH, Arconic Inc. Atlas Copco AB, Stanley Black & Decker, Inc., Rivetec s.r.o., Malco Products, SBC, Degometal, Fastening Systems International Inc., Ingersoll-Rand plc, LOBTEX Co., Ltd., JPW Industries Inc, Honsel Umformtechnik GmbH, FAR, Campbell Hausfeld and Astro Pneumatic Tool Company.

Rivet Gun Market: Segmentation

On the basis of product type, the global Rivet Gun market has been segmented into:
  • Pneumatic Rivet Guns
  • Manual or Hand Operated Rivet Guns
  • Battery Operated Rivet guns
On the basis of capacity, the global Rivet Gun market has been segmented into:
  • Light duty Rivet Guns (less than 3mm)
  • Medium duty Rivet Guns (3-5 mm)
  • Heavy Duty Rivet Guns (> than 5mm)
On the basis of operation type, the global Rivet Gun market has been segmented into:
  • Pop Riveting
  • Slow Hitting
  • Fast Hitting
On the basis of distribution channel, the global Rivet Gun market has been segmented into:
  • Online Sales
  • Offline Sales (Retailers, Distributors)
On the basis of end use, the global Rivet Gun market has been segmented into:
  • Automotive & Transportation
  • General Manufacturing
  • Electronics
  • Building & Construction
  • Others
On the basis of region, the global Rivet Gun market has been segmented into:
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia & Pacific
  • Middle East & Africa
  • China
  • India
  • Japan

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Key Questions Answered in the Rivet Gun Market Report

  • How has the rivet gun market evolved over the past four years?
  • What are some of the prevailing market dynamics in the rivet gun market?
  • What shape is the rivet gun market expected to take in terms of volume and value during the study period?
  • What are the competition developments and trends in the rivet gun market?
  • What are the important key challenges, opportunities and improvement factors for rivet gun market players?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the rivet gun market?
  • What are the important market positioning and key strategies of key rivet gun manufacturers as per the market taxonomy?
  • How is the competition structured at present and how has it evolved in the rivet gun market over the past few years?

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Direct Drive Wind Turbine Market Size Is Expected To Be Valued At $18.3 Bn By 2032

A few of the factors driving the growth of the Direct Drive Wind Turbine market in the industrial automation industry are the rising use of machines, the demand for high-quality products across various industries, and the integration of smart devices into the machinery. Automation is being used by businesses to boost productivity and cut labour costs. FMI offers thorough industry insights to help market participants develop their long-term strategies and keep their competitive edge.

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The high demand for energy across the globe is a significant factor that is anticipated to propel the direct drive wind turbines market share in the forthcoming years. The rapid industrialization, favorable regulations on energy efficiency, and high share of renewables in the power generation sector are likely to augment the market.

According to the FMI’s report, the Direct Drive Wind Turbine market is projected to record a CAGR of 16.2% over the forecast period. To receive the detailed insights about the Direct Drive Wind Turbine market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

The global market is moderately fragmented backed by the presence of various small- and large-scale companies. Majority of the leading companies are aiming to attract more customers by participating in mergers and acquisitions with start-up companies. A few other players are focusing on introducing innovative products to expand their existing product portfolios and compete with their rivals.

Market Competition:

  • ReGen Powertech Pvt. Ltd.
  • ABB Ltd.
  • Northern Power System
  • Goldwind Science & Technology Co. Ltd.
  • Siemens Gamesa Renewable Energy SA
  • Torres Olvega Industrial
  • Emergya Wind Technologies B.V.
  • Rockwell Automation Inc.
  • Enercon GmbH
  • Avantis Energy Group
  • Bachmann electronic GmbH

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Key Segments Profiled in the Drive Wind Turbine Industry Survey

By Capacity:

  • Less than 1MW
  • 1MW to 3MW
  • More than 3MW

By Technology:

  • Permanent Magnet Synchronous Generator
  • Electrically Excited Synchronous Generator

By Application:

  • Offshore
  • Onshore

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

About Future Market Insights (FMI)

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

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Market For Food Sorting Machines Is Expected To Grow At Value Of $2 Bn By 2032 – FMI

The global food sorting machines market is expected to exceed US$ 1.5 billion by 2022. Surging demand for packaged food products globally is expected to boost sales at a 5% CAGR over the assessment period, with the market size approaching US$ 2 billion by 2032.

With a growing global population and increasing pressure on the food industry to meet customer demands, food sorting machines are becoming more popular. During the forecast period, the global food sorting machines market is expected to expand at a promising CAGR.

Optical sorting improves product quality, increases yields, and increases throughput while lowering labour costs.

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Its highly adopted in the processing of harvested foods such as fruits, potatoes, vegetables and nuts where it achieves non-destructive,100% inspection on full production volume. Since manual sorting is subjective and inconsistent, it is not preferred. One of the solutions to this dilemma is increased efficiency and waste reduction in the food supply chain. Food sorting machines offer an increase in efficiency by selectively filtering out the undesired materials from the main food. Worldwide optical sorters are being used in the food industry.

Food Sorting Machines Market: Drivers & Restraints

Growing population, rising urbanization, growing technological awareness, industrialization of emerging economies and increasing per capita income are some of the key factors driving the growth of the food sorting machines market.

Environmental Protection Agency regulations on the disposal of food waste, changing consumption patterns and smaller households are a few of the probable factors restraining the growth of the food sorting machines market.

Food Sorting Machines Market: Key Players

Some of the key market participants in the global food sorting machines market are Tomra Systems ASA, Sesotec GmbH, Buhler AG, Key Technology, BarcoVision, and Satake USA Inc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types and applications.

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global interest is increasing towards the quality of food consumed along with the stringent legislation on product quality and operating procedures. In the food industry, product specification is extremely important and is one of those areas where new developments are crossing the boundaries. The food industry is under the immense pressure of meeting the demands of the growing world population.

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Key Segments Profiled in the Food Sorting Machines Industry Survey

Product Type:

  • Channel Sorters
  • Freefall Sorters
  • Belt Sorters
  • ADR Systems

Technology:

  • Laser
  • Camera
  • LED
  • X-ray

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

About Future Market Insights (FMI)

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

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Wedge Wire Screen Market Is Estimated To Grow At A CAGR Of 4% By 2032 – FMI

The global Wedge Wire Screen market was worth US$ 0.68 billion in 2021 and is expected to grow at a CAGR of 4% to reach US$ 0.71 billion in 2022. The wedge wire screen market is expected to grow in the approaching years because to its high strength, rigidity, and weight-carrying capacity.

The whole structure is then compressed and made safe by installing ring nuts over the ends of rod. Wedge Wire Screens are capable of separating solids from liquids and are commonly used for sizing, filtering, retaining media, de-watering, distribution and collection.

Wedge wire screens are mainly used in chemical, mining, gas & oil and paper industries. Wedge wire screens provide a larger drainage area, thereby creating a better flow of water and are comparatively strong & durable. They are usually manufactured from stainless steel and primarily used for separation, filtration and retention media in end-use sectors.

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Wedge Wire Screens can be made in various different configurations and are available in cylindrical, flat or curved shapes. The wires can be located axially inside the cylinder. The dimension of the cylinders can vary from 1/2″ – 36″, depending on the needs of the individual customer. Customized wedge wire screens with large diameters can also be manufactured for individual needs.

Wedge Wire Screen Market: Dynamics

Increase in demand from end-user sectors, such as petrochemicals, food industries and water treatment, will drive the demand for wedge wire screens during the forecast period.

Moreover, wedge wire screens act as a perfect tool for drilling boreholes. These screens can handle all kinds of pressure and facilitate easy flow of liquids. Also, different industries have different requirements for panel screens.

Therefore, all of these factors will drive the demand for wedge wire screens during the forecast period.

Wedge Wire Screen Market: Market Participants

Examples of some of the market participants/vendors identified across the value chain of the Wedge Wire Screen market are AMACS, Ando Screen, ANDRITZ Euroslot, Aqseptence Group, Atlas Wedge Wire, B. Deo-Volente, Carbis Filtration, Concord Screen, Costacurta S.p.A., CP Screens, Gap Technology, HEIN, LEHMANN, Hendrick Screen Company, International Screen Supplies, Jagtap Engineering, Multotec, Optima International, Progress Eco, Steinhaus GmbH, TOYO SCREEN KOGYO CO, Trislot NV and Wedge Tech.

The Hydrodesulfurization Catalyst market report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Wedge Wire Screen Market: Segmentation

On the basis of type, the market can be segmented into:

  • Baskets wedge wire screens
  • Flat wedge wire screens
  • Sieve Bend Screen wedge wire screens
  • Cylinder wedge wire screens

On the basis of application, the market can be segmented into:

  • Food & Beverages wedge wire screen
  • Chemical and Petroleum
  • Water Treatment
  • Pulp and Paper
  • Mining and Mineral
  • Others

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

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Air Sampling Pump Market to reach a valuation of USD 68.27 Million by 2032 – FMI

The air sampling pump market is predicted to grow at a 3.79 percent CAGR from 2022 to 2032, rising from US$ 47.06 Million in 2022 to a valuation of US$ 68.27 Million by 2032. Airborne hazards caused by fibres, gases, vapours, and dusts can lead to potentially fatal illnesses that affect the kidneys, lungs, and liver. Air sampling is a widely adopted method designed to monitor workers’ exposure to potential airborne workplace threats.

Air sampling has penetrated as a vital approach in almost every industry, ranging from chemical vapour exposure in a factory to flour dust exposure in a bakery in recent years.

Air sampling is performed to ensure that environmental or workplace air is complying with the regulatory standards, and is highly leveraged to aid Occupational Hygiene and Health & Safety professionals in assessing employee exposure to various airborne hazards.

These factors have further driven the demand for air sampling equipment across industries to ensure a safe and healthy workplace.

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Air Sampling Equipment Market – Competitive Landscape

  • In January 2019, Restek launched radiello passive, diffusive air sampling badge for VOCs (Volatile Organic Compounds). Versatile radiello passive diffusive air samplers encompass a unique 3D radial design that provides various performance advancements over the traditionally used 2D flat axial air sampling equipment.
  • In July 2018, the air sampling, noise & vibration monitoring specialist, Casella introduced the Flow Detective air sampling pump calibrator. Flow Detective is a novel air sampling equipment that can measure pulsation, with a 70-hour battery life, which is double the duration of other products available in the market.

Air Sampling Equipment Market DynamicsGrowing Concerns about Health & Safety in Workplace Prompting Deployment of Air Sampling Equipment

Burgeoning concerns pertaining to worker health and safety at the workplace have prompted industries to take proper measures to ensure a healthy work environment for their employees.Industries, such a chemical and bakery, are increasingly deploying air sampling equipment to ensure their workplace air comply with the regulatory standards.

As air sampling equipment consistently measures the concentration of airborne contaminants, industries can limit workers’ exposure to contaminated air, thereby helping to prevent chronic respiratory diseases, including asthma, and occupational cancers.

Stringent Air Pollution Regulations Driving Sales of Air Sampling Equipment

Surging air pollution regulations are bringing significant traction to the air sampling equipment market. For instance regulatory authorities, including the OSHA in the USA and HSE in the UK have imposed limits on the exposure of several substances deemed hazardous for the health of workers.

Workplace Exposure Limits (WELs) by HSE are defined as the maximum concentration of a hazardous airborne substance that a worker could be exposed to over a defined period such as an 8-hour shift. WELs are applicable to anybody working within an environment where hazardous substances are present. Consequently, industries are investing in air sampling equipment and air monitoring systems in a bid to provide safe and health workplace environment. Such growing regulation are driving the growth in air sampling equipment market.

The air sampling equipment report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with air sampling equipment market attractiveness as per segments. The report also maps the qualitative impact of various market factors on air sampling equipment market segments and geographies.

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Air Sampling Equipment Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and Products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Air Sampling Equipment Market Segmentation Based on product, the air sampling equipment market is segmented into:

  • High Volume Air Sampler
  • Low Volume Air Sampler
  • Others

Based on end users/application, the air sampling equipment market is segmented into:

  • Commercial Use
  • Industrial Use
  • Research
  • Public Services
  • Others

The research report presents a comprehensive assessment of the air sampling equipment market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to air sampling equipment market segments such as geographies, application and industry.

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

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The Die Bonder Equipment Market Will Reach US$ 6.0 Billion By 2032 – FMI

Demand for Die Bonder Equipment is projected to reach US$ 4.2 billion in 2022 and to increase to US$ 6.0 billion between 2022 and 2032 at a CAGR of 4%. Growth is being fueled by an increase in the use of stacked die technology in the Internet of Things (IoT) devices.

Therefore, die bonder equipment is extensively used in the manufacturing of semiconductor devices. Furthermore, a variety of methods are used to attach the die to the substrate, including epoxy, eutectic, soft solder, and flip chips.

As a result, it is projected that die bonder equipment manufacturers would see profitable growth opportunities in the coming years, resulting in a significant CAGR for the die bonder equipment market.

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Global Die Bonder Equipment Market: Dynamics

One of the main elements anticipated to fuel future demand for die bonder equipment is the rise in demand for semiconductor integrated circuits. As more end-use applications embrace electronic systems, there will be a robust need for integrated circuits (ICs). In turn, this is driving up demand for die bonder machinery on the world market. In the future, it is also anticipated that the expanding use of IOTs, ultra-high definition television, and hybrid laptops will significantly increase demand for die bonder equipment. The future expansion of the die bonder equipment market is also anticipated to be hampered by the rising demand for polymer adhesive water bonding equipment.

Global Die Bonder Equipment Market: Regional Outlook

In the global market of die bounder equipment, Asia Pacific is expected to dominate the market owing to growing demand from the region. This growing demand can primarily be attributed to the presence of a huge number of IC manufacturers in the region. Growing IC demand due to increasing smartphone and tablet production will make the region grow at a healthy pace in future.

Moreover, the market for die bonder equipment in North America and Europe is also projected to grow at a healthy pace owing to increasing demand for semiconductor ICs from the region. The fast adoption of new and latest technologies in the region is also expected to drive the market in the region. Furthermore, MEA and Latin America are also expected to create demand for die bonder equipment in future as the market in these regions is in the growing stage as compared to other regions.

Global Die Bonder Equipment Market: Market Participants

In the global die bonder equipment market, manufacturers are continuously focused towards automation of the tie bonding technology. Names of some of the manufacturers engaged in the development and manufacturing of die bonder equipment are mentioned:

  • Besi
  • ASM Pacific Technology Limited (ASMPT)
  • Kulicke & Soffa Industries, Inc.
  • Tresky AG
  • SHIBAURA MECHATRONICS CORPORATION
  • West·Bond, Inc.
  • Panasonic Corporation
  • MRSI Systems
  • SHINKAWA LTD.
  • Palomar Technologies
  • DIAS Automation
  • Toray Engineering
  • FASFORD TECHNOLOGY

The research report presents a comprehensive assessment of the Die Bonder Equipment market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Die Bonder Equipment market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Die Bonder Equipment market segments such as geographies, application, and industry.

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Key Segments Profiled in the Die Bonder Equipment Industry Survey

Die Bonder Equipment Market by Product Type:

  • Manual Die Bonder Equipment
  • Semi-Automatic Die Bonder Equipment
  • Fully Automatic Die Bonder Equipment

Die Bonder Equipment Market by Attachment Method:

  • Epoxy Die Bonder
  • Eutectic Die Bonder
  • Soft Solder Die Bonder
  • Flip Chip Die Bonder

Die Bonder Equipment Market by End User:

  • Die Bonder Equipment for Integrated Device Manufacturers (DMs)
  • Die Bonder Equipment for Outsourced Semiconductor Assembly and Test (OSAT)

Die Bonder Equipment Market by Region:

  • North America Die Bonder Equipment Market
  • Latin America Die Bonder Equipment Market
  • Europe Die Bonder Equipment Market
  • Asia Pacific Die Bonder Equipment Market
  • Middle East & Africa Die Bonder Equipment Market

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

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Cryogenic Systems Market Set to Witness an Uptick Size USD 25.5 Bn to 2032 – FMI

The global Cryogenic Systems market is valued at US$ 12.9 Bn in 2021 and is expected to reach US$ 25.5 Bn by 2032, expanding at a CAGR of 6.5% between 2022 and 2032. According to Future Market Insights, market research and competitive intelligence provider, global Cryogenic Systems consumption has increased at a CAGR of roughly 5.1% between 2017 and 2021.

The increased demand for Cryogenic Systems across a wide range of industries, including electronics, healthcare, and power generation, has resulted in a rapid growth rate in the Cryogenic Systems market. Furthermore, due to rising LNG production and strong demand for gases in the healthcare sector, the use of cryogenic systems is expected to increase in the coming years.

The growing demand for cryogenic gases for medical applications will drive market expansion in the coming years. Oxygen gas, for example, is in high demand in the medical business owing to the diagnosis of respiratory illnesses. Growing medical infrastructure and extensive application across a variety of sectors are projected to drive market growth in the next years.

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Key Takeaways from Market Study

  • Cryogenic Systems market is estimated to reach a valuation of US$ 13.6 Bn in 2022
  • The market is projected to grow at a CAGR of 6.5% during 2022 – 2032
  • LNG being the highest revenue-generating cryogen, is expected to register a market growth of 7.8%
  • Cryogenic Systems revenue through Energy and Power is projected to expand at a CAGR of 5.7% during the period of projection
  • The U.S. is expected to account for nearly 30% of the global Cryogenic Systems demand by 2032

Industries such as aircraft, transportation, and railroads have a high demand for Cryogenic Systems, and this trend is expected to continue in the coming years. Improvements in Cryogenic Systems insulation methods are actively contributing to market growth.

Several governments throughout the world have planned to phase out coal-based electricity by 2020 in order to reduce greenhouse gas emissions. For the reasons stated above, several nations have begun to reduce their reliance on coal and increase their use on natural gas for energy and power generation. Liquefied natural gas (LNG), which contains various segments of Cryogenic Systems such as tanks, is more pleasant to transport and is expected to boost the market throughout the projection period.

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Market Segments Covered in Cryogenic Systems Market Analysis

By Cryogen:

  • Nitrogen
  • Oxygen
  • Argon
  • LNG
  • Other Cryogen

By End Use:

  • Energy & Power
  • Chemicals
  • Metallurgy
  • Electronics
  • Shipping
  • Other End-Use

By Region:

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA

About Future Market Insights (FMI)

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

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China Is The Most Profitable Markets For Surge Arrester Manufacturers and Suppliers

The global surge arrester market is expected to reach US$ 1.5 billion in 2021, representing a 4.1 percent year-on-year increase. Surge arrester sales are predicted to grow at a CAGR of 5.0 percent, reaching a valuation of US$ 2.6 billion by 2032.

Growth can be ascribed to rising global energy demand, growing industrialization, and improved urban infrastructure. Furthermore, rising investments in smart cities are likely to fuel surge arrester demand in the future years.

Increased machine utilization and demand for high-quality products in various industries, as well as the integration of smart devices into machinery, are some of the factors driving the Surge Arrester Market in the industrial automation industry. Automation is being implemented in industries to boost productivity and lower labour expenses. FMI delivers deep market insights for Market players to use in developing long-term plans to keep their competitive advantage in the industry.

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Our analysts use primary and secondary research, as well as a wide range of data sets obtained from organic and inorganic sources, to produce forecasts for the following decade.

Understanding the Impact of Covid-19 on the Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Surge Arrester Market has picked up the pace.

The FMI’s recent report talks about the Market scenario in the chapter on the Covid-19 impact analysis to aid the Market players for the upcoming years. The report gives a detailed Market analysis surrounding the Market condition and its impact on the Surge Arrester Market.

Key Questions Answered in the Report

  • What are the key trends and challenges that will affect the global Surge Arrester Market in upcoming years?
  • What are the factors that will influence the Surge Arrester Market demand?
  • Which region will be the most lucrative for Surge Arrester Market throughout the forecast period?
  • How will evolving regulatory policies impact Market growth?
  • What is the impact of Covid-19 on the Surge Arrester Market?

Surge Arrester Market: Segmentation

Detailed analysis of the geographical region and country-wise insights are offered in the latest Surge Arrester Market report with established market players as well as incumbents in the region.

On the basis of voltage type, the global surge arrester market can be segmented as:

  • High voltage surge arresters
  • Medium voltage surge arresters
  • Low voltage surge arresters
  • B class
  • C class
  • D class

On the basis of housing type, the global surge arrester market can be segmented as:

  • Polymeric
  • Porcelain
  • Silicon
  • Polymer Intermediate

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Competitive Analysis

By Prominent Market Players

  • ABB
  • Siemens
  • Hubbell Incorporated
  • Schneider Electric
  • CG Power & Industrial Solutions Ltd.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important Market study including the historical revenue prospects, pricing strategy, and Marketing strategy adopted by these players in the Surge Arrester Market

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of Market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Surge Arrester Market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and Market player-centric solutions for the upcoming decade according to the present Market scenario

About Future Market Insights (FMI)

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

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Future Market Insights, Inc

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The Prospects Of Micro Irrigation Systems Market Growth Will Remain Positive – FMI

The Micro-irrigation systems market is expected to grow exponentially by more than 13% CAGR through 2031. Increasing demand for food, particularly in rising economies in Asia and geographical regions generates demand for advanced irrigation technologies, in keeping with insights from the newest study from Future Market Insights (FMI) ESOMAR-certified analysis and consulting firm. The report provides a close analysis of additional than 20 high-growth regional markets, with comprehensive details on the prospects of micro irrigation systems through the approaching decade.

Micro irrigation systems are gaining importance in the agriculture sector, owing to their efficacy in minimizing the effects of drought conditions, at comparatively low costs. Increasing demand for water and concerns over scarcity of this natural resource, with its effects in terms of quality and crop yield will play key roles in driving the growth of the market. The growing interest in greenhouse farming is also driving micro-irrigation systems in specialized farms.

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The study by FMI has analyzed the global demand for micro irrigation systems, in terms of macroeconomic factors, the impact of the covid-19 pandemic, and market landscape. As per the scope of research conducted by FMI, the market has been studied on the basis of consumer interests, product segments, and regional influences, in addition to qualitative data on the players operating in the market covering both supply and demand.

Key Takeaways from Micro Irrigation Systems Market Study

  • Drip irrigation systems are estimated to hold the lead, supported by lower purchase and installation costs, in addition to low water use.
  • Micro-farming applications will reflect a relatively higher rate of growth, driving demand for the lateral move and central pivot products.
  • The United States will hold a significant market share owing to the concentrated presence of market leaders in the country.
  • India and China will account for a high rate of growth, supported by an agrarian economy and favourable government initiatives in the industry.
  • Access to technologies associated with mechanized irrigation systems is generating opportunities in the Middle East and Africa region.

The growing need for water conservation efforts driven by rising population levels and decreasing global water reserves are key factors that drive the micro irrigation systems market.  Stringent regulations associated with water becoming a rare commodity, has pushed players in the agricultural sector to invest in novel solutions to enhance the productivity of a limited volume of water. Micro irrigation systems are capable of optimizing water usage, which in turn will support market expansion for the duration of the forecast period,” says the FMI analyst

The micro-irrigation systems market is expected to grow at a healthy rate from 2021 to 2031. With the essential nature of irrigation in agriculture, coupled with growing concerns over water scarcity issues, market players are expected to be focused on research and development to improve on resource optimization objectives. Field testing and collaborations with regional players is likely to gain the interest of market players through the assessment period.

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Competitive Landscape

The global micro irrigation system market is moderately fragmented, with a number of regional players holding notable market share, which is likely to continue for the duration of the forecast period. Leading manufacturers are increasingly investing in new technology innovations in addition to strategic geographic expansion efforts.

Some of the leading players in the micro irrigation systems market include but are not limited to Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Valmont Industries, Rivulis Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing Company Inc., EPC Industries Ltd., T-L Irrigation, Elgo irrigation, Sistema Azud SA, Nelson Irrigation Corporation, Chinadrip Irrigation Equipment Co. Ltd., Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast, Irritrol, Eurotrip SA.

Valuable Insights into Micro Irrigation Systems Market Study

Future Market Insights brings a detailed research report of the latest industry trends affecting growth in the global micro irrigation systems market. The market has been segmented in terms of system type and end-use to offer a comprehensive overview of the industry. The study provides an in-depth analysis of the key factors enabling growth in these segments across seven key regions.

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights, Inc

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

Dubai

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For Sales Enquiries: sales@futuremarketinsights.com

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