FMI Research Forecasts Global External Combustion Engine Market to Exceed US$ 889.0 Million Valuation by 2032, Driving a Steady 3.9% CAGR

The global external combustion engine market is poised to experience a robust Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period. Initial projections suggest a market value of approximately US$ 604.3 million in 2022, with a significant ascent anticipated to achieve an estimated valuation of US$ 889.0 million by 2032.

The heightened demand for external combustion engines can be attributed to their distinctive operational principle, characterized by compressing external fuel through a heat exchanger or engine wall, facilitating combustion. This unique approach positions them as highly suitable for specific applications, setting them apart from internal combustion engines.

The upward trajectory observed in the external combustion engine market underscores the industry’s steadfast commitment to innovation and the widespread adoption of environmentally sustainable power generation solutions.

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Advancing and Constraint Factors in the External Combustion System Market:

Drivers:

Due to its flexibility in arrangement and ability to use any source of heat, the market for external combustion systems is anticipated to grow over the course of the forecast period. Fuel is burned by the engine outside of the power cylinder, which is anticipated to play a significant role during the forecast period.

Additionally, external combustion engines use heat from sources like solar, geothermal, biomass, or municipal waste. These elements support the market’s expansion during the anticipated period. Additionally, flexibility in an arrangement is possible to further support the external combustion engine over the forecast period due to external combustion.

Aside from that, the market is being driven by the various advantages of external combustion systems, such as continuous external combustion, which lowers emissions and eliminates the exhaust of high-pressure combustion products.

Restraints:

It is expected that the long startup times of external combustion engines will restrain the market’s growth over the forecast period. Furthermore, risk factors like the boiler bursting due to too much steam pressure have compelled the end users to endorse alternative machinery.

During the forecast period, this action is anticipated to restrain the market’s expansion for external combustion engines. Over the course of the forecast period, it is also anticipated that the external combustion engine’s high investment costs and poor efficiency will restrain market expansion.

Analysis of Asia Pacific External Combustion Engine Market:

During the forecast period, the Asia Pacific region will primarily dominate the market for external combustion engines. Due to the region’s rapid industrialization and expanding number of power plants, nations like China, India, and Japan are experiencing rapid economic growth.

Additionally, over the course of the forecast period, the marine industry in the APAC region experienced significant growth, which significantly boosted the market for external combustion engines. Over the course of the forecast period, the APAC region’s external combustion engine market is anticipated to experience strong growth.

Condition of North American & Europe Regions in the External Combustion Engine:

Due to the region’s growing need for external combustion engines for a variety of applications, including pumps, ships, power plants,., North America is a significant market for these engines. Out of all the regions, North America will hold 18% of the market during the forecast period.

On the other hand, the external combustion engine market is also expanding steadily in the Europe region, gaining 22% of the market during the forecast period. The region’s market is being driven by expanding industrialization and major thermal plant construction. Due to the increasing use of external combustion engines in recent years and the UK’s position as a leading nation, the market is growing quickly.

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Key Players Profiled in Report:

  • Stirling Thermal Motors Inc.
  • Deere & Company
  • Sterling Power Systems
  • Aisin Seiki Co. Ltd.
  • Genoastirling S.r.lw
  • Microgen Engine Corporation
  • Sunpower Inc.
  • Saab AB
  • Reliable Steam Engine Co.

Key Segments

By Product Type:

  • Steam Engine
  • Stirling Engine

By Application:

  • Pump
  • Ship
  • Thermal Power Plant
  • Train
  • Nuclear Power Plant

By Region:

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

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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.

Contact Us:        

Nandini Singh Sawlani   

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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FMI Analysis Predicts Global Solar Microinverter Market Set to Cross US$ 5,716.0 Million Revenue by 2032, Driving an Outstanding 18.1% CAGR Growth

The global solar microinverter market is poised to achieve an impressive Compound Annual Growth Rate (CAGR) of 18.1% from 2022 to 2032, projecting a valuation surpassing US$ 5,716.0 million by the end of the decade. This remarkable surge not only reflects the increasing adoption of solar energy but also underscores the pivotal role that microinverters play in the intricate solar ecosystem.

Amidst this growth narrative, a significant trend takes center stage: the integrated system category is positioned to command over 8% of the global solar microinverter market share in 2022. Integrated systems, seamlessly combining solar panels and microinverters, are gaining considerable traction due to their simplicity and efficiency. They play a crucial role in democratizing solar energy access, extending their impact into residential and commercial sectors, particularly in emerging economies.

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Rapid Expansion Predicted for Solar Microinverters Market Amidst Growing Investments in Renewable Technologies:

The solar microinverters market is poised for remarkable growth, propelled by advanced technical advantages over traditional alternatives, catalyzed by increasing investments in renewable energy technologies. Established solar inverter market leaders are swiftly acquiring microinverter-focused small and medium-sized enterprises (SMEs) and capital-funded startups. According to FMI, diversifying product portfolios is imperative for solar microinverter installation companies and module firms to secure a competitive edge.

With its high energy yield, module-level monitoring capabilities, and safety enhancements, solar microinverters are anticipated to experience escalating demand from residential and commercial sectors. The market captures 12-16% of the global solar inverter market, as indicated by FMI.

Growing environmental consciousness, coupled with stringent regulations against non-renewable power generation methods to address power shortages, is driving global demand for solar microinverters. The upsurge in residential and commercial sector growth, especially in emerging economies, is fostering solar panel installations and subsequently boosting sales of solar microinverters.

Competitive Landscape:

Leading solar microinverter manufacturers are under increasing pressure to enhance product reliability and efficiency to meet rising demand for eco-friendly solar solutions. Manufacturers are expanding their market presence through innovative product launches and collaborative initiatives to make environmentally conscious solar microinverters more accessible to consumers.

More Insights into the Solar Microinverter Market:

The surging use of solar photovoltaics in residential spaces in the U.S. has been primarily elevated due to the electricity cost savings, surging demand for an alternative electricity source, and urgent need to reduce the risk of climate change.

The optimal reason for driving the demand for solar energy in abundance is the rising need for solar energy that the traditional power sources in the U.S., which is anticipated to boost sales of solar microinverters. It is estimated that the U.S. will generate roughly 34.8% of the global solar microinverter market share during the projected timeframe.

The German solar microinverter market is predicted to acquire a larger share of the market with nearly 7.5% throughout the assessment period. The market for solar microinverters in the country is anticipated to be valued at about US$ 463.0 Mn in 2032.

Widespread awareness about sustainable energy options and surging electrification across end-use sectors all over the world are likely to propel growth in the market. In addition to that, increasing demand for solar microinverters from the residential and commercial sectors is anticipated to accelerate the solar microinverter market in the country.

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Key Players Profiled in Report:

  • Enphase Energy Inc.
  • Altenergy Power Systems Inc.
  • SMA Solar Technology AG
  • ABB Ltd.
  • SunPower Corporations
  • Darfon Electronics Corporation
  • Northern Electric and Power Co. Ltd.
  • Sparq Systems
  • Chilicon Power, LLC
  • iEnergy Co. Ltd

Key Segments Covered in Solar Microinverter Industry Analysis:

By System Type:

  • Standalone
  • Integrated

By End Use:

  • Residential
  • Commercial
  • Utility

By Region:

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

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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.

Contact Us:        

Nandini Singh Sawlani   

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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Global Screw Compressor Market Valuation to Exceed US$ 22.10 Billion by 2034, Driven by Steady 3.4% CAGR Growth | FMI Prediction

The screw compressor market is poised to achieve a projected value of US$ 22.10 billion by 2034, sustaining a steady annual growth rate of 3.4%. This growth is primarily fueled by the pervasive influence of automation trends, driving the industry to unprecedented levels of success.

A significant contributing factor to the market’s evolution is the increasing demand for oil-free screw air compressors, which is causing a transformative shift profoundly impacting the market’s trajectory. The rising preference for oil-free variants is attributed to industries’ heightened emphasis on seamless and contamination-free operations. Recognized as the preferred choice, these compressors offer a reliable and efficient solution, effectively addressing challenges associated with oil contamination in critical applications.

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Driving Forces behind the Surge in Screw Compressor Demand:

The industrial landscape is undergoing a transformation, with the spotlight firmly fixed on the escalating demand for screw compressors. This surge can be attributed to a convergence of pivotal factors that are reshaping the market dynamics. The contemporary industrial arena requires more than just compressed air; it demands oil-free systems that exhibit heightened precision, efficiency, and capacity. As this requirement gains prominence, the allure of screw compressors intensifies.

One of the linchpins driving this trend is the pursuit of operational cost efficiencies. By streamlining processes and minimizing auxiliary equipment, industrial air compressor manufacturers are ushering in a new era of cost-effectiveness. The result is a propellant for the sales of screw compressors, as industries seek not just performance but also smart economics.

A pivotal transition is underway, as conventional equipment yields ground to the technological prowess of next-generation screw compressors. These marvels of engineering not only tout enhanced eco-friendliness but also boast seamless installation and remarkably affordable maintenance. The allure of leaving behind the complexities of traditional systems in favor of the simplicity and advanced capabilities of contemporary technology is proving irresistible to consumers.

“Increasing adoption of rotary screw compressors across various industries, along with increasing popularity of stationary compressors will boost demand in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • Based on technology, demand for stationary compressors will create an absolute opportunity worth US$ 3.8 Bn over the forecast period.
  • In terms of end use, the energy and transmission sector will offer an absolute opportunity of more than US$ 1.4 Bn over the assessment period.
  • Sales of screw compressors in the U.S. will grow at a 2.7% CAGR through 2034.
  • China will dominate the East Asia screw compressor market, with demand growing at a 4.0 % CAGR over the forecast period.
  • India will emerge as a lucrative pocket, with sales projected to increase at a 3.7% CAGR over the assessment period.

Competition Landscape:

Top players in the screw compressor market are expected to hold around 65%-70%  of the total market share. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.

Some of the key players operating in the market include Atlas Copco, Hitachi, Ingersoll Rand, Emerson Electric Co., Daikin Industries, Siemens, KOBELCO, IHI Rotating Machinery, KAESER, Boge Komressoren, and others.

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Global Screw Compressor Market by Category:

By Capacity:

  • Up to 5HP
  • 5 to 50HP
  • 50 to 250HP
  • Above 250HP

By Technology:

  • Stationary
    • Oil Lubricated
    • Oil-Free
  • Portable
    • Oil Lubricated
    • Oil-Free

By Stage:

  • Single Stage
  • Two-Stage
  • Multi-Stage

By Driver Type:

  • Liquid Driven
  • Gas Driven
  • Electric

By Type:

  • Belt Drive
  • Gear Drive

By End-Use:

  • Oil and Gas Industry
  • Chemical Industry
  • Energy and Transmission
  • Automotive and Aerospace
  • Mining and Minerals
  • Other Manufacturing Industry

By Region:

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

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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.

Contact Us:        

Nandini Singh Sawlani   

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

Global Chocolate Bar Packaging Market Set to Reach US$ 1.29 Billion by 2034, Driven by Consumer Preferences and Sustainability Trends

The global chocolate bar packaging market is poised for substantial growth, with an estimated valuation of US$ 815.7 million in 2024, projected to escalate to US$ 1,291.2 million by 2034. The market is anticipated to grow at a Compound Annual Growth Rate (CAGR) of 4.70% during the forecast period.

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Key Market Drivers:

  1. Consumer Preferences for Convenience and Appealing Packaging: Growing consumer preferences for convenience, on-the-go snacking, and visually appealing packaging are driving the demand for innovative chocolate bar packaging solutions.
  2. Focus on Sustainability: The global push toward sustainability and increasing awareness of environmental concerns are fueling the demand for sustainable and eco-friendly packaging solutions in the chocolate industry.
  3. Advancements in Packaging Technology: Ongoing research in the packaging industry has led to the development of innovative packaging materials and designs, including resalable packs, interactive packaging, and premium finishes.
  4. Rise of eCommerce: The booming eCommerce sector in emerging countries necessitates robust packaging solutions to ensure product safety during transportation, contributing to market growth.

Consumption Analysis of the Chocolate Bar Packaging Market:

  • Chocolate bar producers utilize packaging solutions to protect their products during transit, catering to growing consumer demand.
  • Retailers, including supermarkets, convenience stores, and specialty chocolate shops, seek packaging solutions to enhance shelf life and attract customers.
  • Local confectionery stores use packaging to elevate brand image and offer interactive designs.
  • Packaging solutions are also utilized in the production of vegan, premium, and artisanal chocolates, reflecting changing consumer preferences.
  • Gift shops and specialty stores leverage packaging solutions for effective wrapping, creating seasonal themes to attract customers during holidays and special occasions.

Key Players:

Some major players of the chocolate bar packaging market are Swiss Pac Pvt. Ltd., ATP – Engineering & Packaging, S.L, Futuristic Packaging Pvt. Ltd., Shantou Weiyi Packaging Co., Ltd., Baoding City Zhenghui Printing & Packing Industrial Co., Ltd., Shenzhen Dingqi Pack Co., Limited, Wenzhou Guoxin Packaging Co., Ltd., NITTOPACK CO., LTD., Tianjin Gorgeous Packing Material Co., Ltd., Shenzhen Proyu Technology Co., Limited, Jiangyin Sunkey Plastic Packaging Co., Ltd.

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Market Segmentation

Based on the types of materials used,

  • Paper
  • Plastic
  • LDPE
  • PVC
  • PET
  • PE
  • Foil
  • Aluminum

Based on the types of packaging,

  • Wrappers
  • Boxes
  • Secondary packaging (Pouches, Bags)

About Future Market Insights (FMI)

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

Contact Us:       

Nandini Singh Sawlani 

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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FMI Analysis Predicts North America Residential Ball Valves Market to be Valued at US$ 554.1 Million by 2032, Driving 5.6% CAGR Growth

The North America residential ball valves market is poised for significant growth, with Future Market Insights (FMI) projecting a notable Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2032. By 2032, this dynamic market is anticipated to surpass a substantial valuation of US$ 554.1 million.

The increasing demand for residential ball valves in North America is driven by various factors, prominently influenced by the region’s ongoing urbanization and population distribution trends. Both the United States and Canada are characterized as highly urbanized nations, with over 80% of their populations residing in urban areas. This trend underscores the growing need for residential complexes such as apartments, townhouses, and villas.

The growth of the North America residential ball valve market highlights the crucial role these valves play in ensuring the efficiency and safety of residential water supply systems, thereby significantly contributing to the overall well-being of urban communities.

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Driving Forces for North America Residential Ball Valves Market:

The North American region has witnessed a population surge along with the expanding requirements of residential construction, marking key growth catalysts throughout the historical study period.

Consumer attitudes towards these devices are undergoing a shift, driven by a heightened consciousness about maintaining piping systems and engaging in water conservation efforts. In this context, Pressure Reducing Valves (PRVs) are expected to not only regulate flow but also incur lower maintenance costs for consumers. Responding to these evolving trends, manufacturers are channeling investments into research and development endeavors. This proactive approach aims to yield cutting-edge technologies and advanced products that align with and exceed consumer expectations.

Key Insights from Pressure Regulating Valves Market Analysis:

  • The market for direct operating Pressure Regulating Valves is poised to exhibit a notable growth with a value CAGR of 5.0%, reaching an estimated value of approximately US$ 772.5 million by 2032.
  • Among different end-use segments, Apartments and Condominiums are projected to present a substantial opportunity, translating into a dollar figure of US$ 295.4 million.
  • Within the North American Pressure Regulating Valves market, the Up to 2” inlet pressure type is anticipated to secure a majority share exceeding 50% by the close of the forecast period. This preference is attributed to its versatile application range and corresponding valuation.
  • In terms of country distribution, the U.S. is forecasted to assert its dominance, accounting for more than 80% of the market share by the conclusion of 2032. This prevailing trend is expected to persist throughout the forecast period.

Future Market Insights analyst remarked, “The accelerated growth of Pressure Regulating Valves market is propelled by the burgeoning residential construction sector and the enforcement of stringent energy-efficiency regulations, driven by the expanding North American population.”

Competitive Scenario in Pressure Regulating Valves Market:

The market exhibits a certain level of concentration, where leading players commanded a market share within the range of 55% to 65% of the total market revenue in 2021. Key players in this arena are dedicated to achieving a position of eminence by emphasizing operational efficiency and offering inventive product solutions that adhere to applied standards, thus aiming to secure a substantial stake in the market.

Prominent participants in this competitive landscape encompass Danfoss A/S, Watts Water Technologies, Inc., and Resideo Technologies Inc., among others.

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Manufacturing enterprises are strategically enhancing their market footprint by unveiling novel product offerings and fostering heightened collaboration.

  • In April 2022, Flomatic Valves unveiled its latest innovation, the Model 408S6 ball check valve, showcasing a comprehensive construction in 316 stainless steel.
  • In September 2020, Flomatic announced the augmentation of its ball check valve lineup, aligning with American Iron and Steel (AIS) compliance.

Key Segments Covered in Report:

By Valve Material:

  • Brass
  • Stainless Steel
  • PVC
  • Glass Fiber-Reinforced Polypropylene Ball Valve
  • Others

By Valve Type:

  • Floating
  • Trunnion Ball
  • Others

By Diameter:

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

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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.

Contact Us:        

Nandini Singh Sawlani   

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

FMI States Global Dynamic Positioning Systems Market Projected to Reach US$ 10.3 Billion by 2032, Driven by Strong 11.6% CAGR

The global dynamic positioning systems market is poised for significant expansion, with projections indicating it will surpass a valuation of US$ 10.3 billion by 2032. This reflects a robust Compound Annual Growth Rate (CAGR) of 11.6%, starting from its 2022 value of US$ 8.2 billion.

A key driver propelling this substantial growth is the increasing demand for dynamic positioning systems, particularly notable in the Asia-Pacific region. This surge is primarily attributed to safety concerns associated with offshore oil and gas activities conducted in deep ocean waters. The Asia-Pacific region, characterized by significant geopolitical tensions among nations and boasting some of the world’s largest ports, has witnessed a notable rise in the necessity for dynamic positioning systems.

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Dynamic Positioning System Market: Drivers & Restraints

The prerequisite of advancement in technology (facilitates in deeper waters than vessels), increasing research & development initiatives by manufacturers is driving the demand of dynamic positioning systems. Dynamic positioning systems are better known for its safe and correct operations which are widely used for a variety of purposes in the offshore industry. It provides following benefits such as effective maritime operations, energy efficient system, helps in reducing operational costs and emissions, among others.

Rising maritime trade in Asia-Pacific and Middle-East Africa along with deep-sea excavations is the fundamental growth driver in the Dynamic Positioning system market. Ensuring safety operations and push from the government side is also helping in increasing the degree of awareness among the users. Additionally, growth in the shipping industry is also up surging with significant opportunities in this market. However, high implementation cost, lack of reliable communication and complexity in system are the major setback for the dynamic positioning system market.

Dynamic Positioning System Market: Region-wise Outlook

The global dynamic positioning system market is expected to register a CAGR of approximately 5 percent over the forecasted period 2022-2033. Depending upon geographic regions, global dynamic positioning system market is segmented into seven key regions: North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of regions, Asia-Pacific accounts for the largest market share. Middle East and Africa market is projected to register a significant CAGR during the forecast period. Increasing maritime trade with technological updates is fueling the growth in Asia-Pacific and Middle East and Africa regions.

Countries such as China, Saudi Arabia, UAE, South Korea, Japan, Russia, among others is expected to witness an upsurge in the demand for DP systems. Eastern Europe and Latin America are also forecast to register a significant growth in the global dynamic positioning system market during the forecast period 2022-2033.

Dynamic Positioning System Market: Key Players

  • Moxa Inc.
  • Kongsberg Gruppen
  • Navis Engineering
  • Praxis Automation Technology B.V.
  • General Electric
  • Norr Systems Pte Ltd.
  • ABB
  • Marine Technologies, LLC
  • Wärtsilä
  • Rolls-Royce plc

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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, technology and applications.

Market Segments Covered:

By Equipment Type:

  • Class 1
  • Class 2
  • Class 3

By Component:

  • Power System
  • DP Control System
  • Thruster System

By Application:

  • Passenger Vessels
  • Merchant Vessels
  • Platform Supply Vessels/Offshore Support Vessels
  • Naval Vessels and Operations

By Region:

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

Shape Your Strategy – Request Your Tailored Report Now! https://www.futuremarketinsights.com/customization-available/rep-gb-754

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.

Contact Us:        

Nandini Singh Sawlani   

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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FMI Study Affirms Global Industrial Robots Market to Reach US$ 25,828.99 Million Valuation by 2033, Driven by an Outstanding 17.20% CAGR

The global industrial robots market is poised for exceptional growth, projected to exceed a valuation of US$ 25,828.99 million by 2033. Driving this remarkable expansion is a robust Compound Annual Growth Rate (CAGR) of 17.20%, starting from a 2023 valuation of US$ 5,282.40 million.

A significant catalyst behind this surge is the innovative concept of Robot-as-a-Service (RaaS), which is reshaping the landscape of factory automation technology. RaaS introduces a flexible and cost-effective approach for enterprises to seamlessly integrate robotics into their operations. By providing subscription-based robot services, businesses can avoid significant upfront investments in robotic equipment, thus conserving capital expenditures. This pioneering approach not only enhances financial adaptability but also empowers companies to respond swiftly and efficiently to market fluctuations.

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Key Takeaways from the Market Study:

  • By end use, electric and electrical industry is expected to procure 40% market share for industrial robots.
  • China is expected to account for 45% of the total Industrial Robots in 2022
  • U.S. is expected to hold 40% market share for industrial robots in 2022
  • France is expected to possess 30% market share for industrial robots

“Industrial robots have the potential to change the functioning of end user industries. Multitasking, precision and accuracy are making industrial robots a popular option across industries. This, in turn, is gaining traction for the same.” states an FMI analyst

Market Competition:

Key players in the industrial robot market are Denso Corporation, Kawasaki Heavy Industries, Brenton, LLC, Krones AG, Mitsubishi Electric Corporation, YASKAWA Electric Corporation, KUKA AG, Fanuc Corporation and ABB Limited.

  • Denso Corporation, a key player in the industrial robots market is focusing on studying the infrastructure and requirements of end user industries and designing industrial robots for the same.
  • Mitsubishi Electric Corporation, is focusing on research for designing industrial robots. The company is developing industrial robots that can carry out complex tasks easily.

About the Industrial Automation Domain at Future Market Insights:

The industrial automation domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Key Segments Profiled in the Industrial Robots Industry Survey:

Industrial Robots by Product Type:

  • Industrial Robots by Articulated Robots
  • Industrial Robots by SCARA Robots
  • Industrial Robots by Parallel Robots
  • Industrial Robots by Cartesian Robots
  • Industrial Robots by Cylindrical Robots
  • Industrial Robots by Others

Industrial Robots by End Use:

  • Industrial Robots by Automotive
  • Industrial Robots by Electrical & Electronics
  • Industrial Robots by Metals & Machinery
  • Industrial Robots by Chemicals, Plastic & Rubber
  • Industrial Robots by Food & Beverages
  • Industrial Robots by Healthcare
  • Industrial Robots by Construction
  • Industrial Robots by Others

Industrial Robots by Applications:

  • Industrial Robots by Material Handling
  • Industrial Robots by Welding & Soldering
  • Industrial Robots by Assembly & Disassembly
  • Industrial Robots by Painting & Dispensing
  • Industrial Robots by Others

Industrial Robots by Technology:

  • Industrial Robots by Automatic
  • Industrial Robots by Semi- Automatic
  • Industrial Robots by Manual

Region:

  • North America Industrial Robots Market
  • Latin America Industrial Robots Market
  • Europe Industrial Robots Market
  • Asia Pacific Industrial Robots Market
  • Middle East & Africa Industrial Robots Market

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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.

Contact Us:        

Nandini Singh Sawlani   

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

Global Paper Recycling Market Expected to Reach US$ 13.1 Billion by 2034, Driven by Environmental Awareness and Government Initiatives

The global paper recycling market is poised for significant growth, with projections indicating a value of US$ 7.5 billion in 2024, compared to US$ 7.1 billion in 2023. Over the period from 2024 to 2034, the market is expected to grow at a moderate rate, with a Compound Annual Growth Rate (CAGR) of 5.7%, reaching a value of US$ 13.1 billion by the end of the forecast period.

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Market Analysis:

The demand for recycled paper has surged, driven by its acceptance as a packaging product in various industries such as food & beverage and pharmaceutical. Environmental concerns have heightened, leading to a preference for paper usage over non-biodegradable plastic materials.

With growing aversion towards deforestation, there is a rapid shift towards using recycled paper, contributing to the market’s growth. Government initiatives play a significant role in driving demand for recycled paper by promoting its use and imposing strict regulations on non-biodegradable alternatives.

The production of recycled paper is diverse, ranging from personal use at homes to large-scale industrial plants. This wide scope for production and application presents ample opportunities for market growth.

Key Drivers of Market Growth:

  1. Environmental Awareness: Increasing concerns about environmental sustainability have fueled the demand for recycled paper as an eco-friendly alternative to non-biodegradable materials.
  2. Government Initiatives: Government efforts to promote the use of recycled paper through incentives and regulations have bolstered market growth and encouraged sustainable practices.
  3. Preference for Sustainable Packaging: Industries across various sectors, including food & beverage and pharmaceuticals, are increasingly opting for sustainable packaging solutions, driving demand for recycled paper.

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The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Paper Recycling market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

Why Choose Future Market Insights

  • Serving domestic and international clients 24/7
  • Prompt and efficient customer service
  • Data collected from reliable primary and secondary sources
  • Highly trained and experienced team of research analysts
  • Seamless delivery of tailor-made market research reports
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Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Paper Recycling market. Competitive information detailed in the Paper Recycling market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Paper Recycling market report.

Key players covered in the report include:

Hanna Paper Recycling, Inc., International Paper Company, DS Smith Recycling Holding B.V., Waste Management Inc., WestRock Company, WM Recycle America, LLC, Sonoco Recycling LLC, Caraustar Industries, Inc., Pratt Industries, Inc., Saica Group, Ricova Recycling.

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 Important Questions Answered in the Paper Recycling Market Report

  • Which end user remains the top revenue contributor in different regional markets?
  • At what rate has the global Paper Recycling market been expanding during the forecast period?
  • How will the global Paper Recycling market look like by the end of the forecast period?
  • What innovative strategies are adopted by Paper Recycling market players to stay ahead of the pack?
  • What are the restraints affecting the growth of the global Paper Recycling market?

Key Offerings of the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
  • Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Paper Recycling market

 

FMI Study States Global Edge Bending Machine Market Projected to Exceed US$ 385.6 Million by 2032, Witnessing a Steady 3.1% CAGR Growth

The global edge bending machine market is experiencing a significant upsurge, poised to surpass a valuation of US$ 385.6 million by 2032, driven by a steady Compound Annual Growth Rate (CAGR) of 3.1% from 2022 onwards. This growth trajectory, initiated by the expanding applications of these machines across various manufacturing sectors, reflects a notable increase from its estimated value of US$ 284.1 million in 2022.

A crucial factor fueling this expansion is the predominant influence of North America within the global edge bending machine market. This dominance is characterized by several key drivers, including a substantial rise in sales volumes across pivotal industries such as automotive and heavy manufacturing. The surge in demand within these sectors can be attributed to factors such as infrastructure development, a flourishing automotive market, and the proliferation of manufacturing activities across the United States, Mexico, and Canada.

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Substrate bending is a fundamental and integral process within the manufacturing industry. Much like other phases of product development, bending alters the configuration of the workpiece while maintaining its original material volume. Edge bending procedures, however, diverge in their methodologies for inducing plastic deformation in the substrate. In this context, attributes such as workpiece material, thickness, and dimensions significantly influence the process.

Bending serves multifaceted purposes, including enhancing the strength and rigidity of sheets or plates, as well as eliminating sharp edges. Furthermore, the edge bending process facilitates the concealment of raw substrate edges through the application of a thin PVC or resinous strip. Tailored for both contoured and straight panel edge bending, edge bending machines contribute to refining the aesthetic aspect of solid or valuable materials. In contrast to conventional methods, which involved manual processes and basic tools, modern edge bending machines bring efficiency and precision to this operation.

Market Drivers and Constraints in the Edge Bending Machine Industry:

The expansion of industrial operations, surging demand for premium furniture, continuous advancements in manufacturing technology, and the rising necessity for automated industrial machinery to curtail waste and enhance productivity stand as primary catalysts propelling the global edge bending machine market’s growth.

Furthermore, the market is buoyed by cutting-edge attributes, including heightened versatility, user-friendly interfaces, precision equipment functionality, and the potential to integrate scraping and brushing components. These features contribute significantly to the foreseeable upswing in the edge bending machine market. However, potential substitutes like molding and face frames could impose constraints on the market’s expansion trajectory throughout the forecast period.

Leading Players in the Edge Bending Machine Market:

The edge bending machine market boasts a roster of notable participants, including SCM Group, SIMCO Industrial Machinery Trd Co Ltd., NTF Korfhage Maschinenbau GmbH, Edge Finisher Co., Yadav Tools Company, Gelber-Bieger GmbH, Adamik Company, Intimate Machine Tools Company, Felder Woodworking Machines Private Limited, Shree Umiya F-Tech Machines Ltd, Shandong Hicas Machinery (Group) Co., Ltd., Kreutz & Mock GmbH, among others.

Key Developments in the Competitive Landscape:

Delta, a prominent player in the market, introduced a high-speed edge banding machine solution in March 2021, aimed at enhancing the quality and appearance of bendings.

In October 2021, SCM Group unveiled the Stefani x Single-sided automatic edge banders. This innovative solution is designed to deliver top-tier processing quality for a wide range of panels and materials, aligning with the demands of a digitally connected and integrated factory.

Mayr-Melnhof Holz, based in Leoben, Austria, executed an agreement in December 2021 to acquire the Swedish sawmill group Bergkvist Siljan from ESSVP IV, with advisory support from Orlando Nordics AB. This strategic move aligns with the consistent expansion and growth strategy of the Austrian wood processing group.

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Key Segments:

Material Type:

  • Polyvinyl Chloride (PVC)
  • Acrylonitrile-Butadiene-Styrene (ABS)
  • Melamine
  • Wood Veneer
  • Acrylic
  • Others

By Product Type:

  • Portable
  • Non-Portable

By Flanges Type:

  • Straight Flange
  • Stretch Flange
  • Shrink Flange

By End Use:

  • Furniture
  • Healthcare
  • Automotive
  • Electronics and Electrical
  • Packaging
  • Other End Uses

By Region:

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

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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.

Contact Us:        

Nandini Singh Sawlani   

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

FMI Analysis Predicts Global Vibration Control Systems Market Expected to Exceed US$ 9.01 Billion Valuation by 2032, Riding 6.2% CAGR Growth

The global vibration control systems market is on track for significant expansion, with an anticipated annual growth rate of 6.2% Year-on-Year (Y-o-Y), aiming to reach a substantial valuation of US$ 9.01 billion by 2032.

Despite facing challenges such as supply chain disruptions, particularly affecting sectors like automotive, aerospace, and healthcare equipment manufacturing from 2020 to 2022, the market has exhibited resilience. This resilience highlights the pivotal role of vibration control systems in ensuring operational stability, enhancing product quality, and promoting workforce well-being across diverse industries. The market’s adaptability and capacity to thrive amidst evolving landscapes underscore its critical importance in sustaining the efficiency and reliability of various industrial processes.

Amidst this dynamic landscape, the remarkable resilience of the vibration control systems market positions it as a crucial component, safeguarding operational stability, product quality, and workforce well-being as industries navigate challenges and adapt to change.

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Vibration Control System Market Expands Driven by Diverse Industries and Technological Advancements:

The adoption of vibration control techniques is notably gaining traction in the electronics, electrical, and industrial goods manufacturing sectors, contributing to the positive trajectory of the vibration control systems market. This trend is further augmented by the increasing recognition of the significance of safeguarding mechanical structures, along with growing interest in deploying active vibration control across various industrial domains. Advancements in the automobile and aerospace industries also play a pivotal role in propelling the vibration control system market forward.

The upward trend is also attributed to a rise in per capita utility spending and increased government investments in vital end-use industries. Notably, progress observed across various end-use sectors is anticipated to encourage manufacturers to diversify their product offerings, thus augmenting the expansion of the vibration control system market throughout the forecast period.

An FMI analyst commented, “The increasing adoption of vibration control systems across end-use industries such as oil & gas, transportation, and utilities is expected to be a major driver for market growth in the foreseeable future.”

Key Insights:

  • The integration of Industrial Internet of Things (IIoT) is set to unlock new possibilities in the market.
  • Robust growth in the transportation and utility sectors is propelling the vibration control system market in the United States.
  • Russia is poised to offer lucrative opportunities for market expansion.
  • China is anticipated to maintain dominance in the Asia Pacific vibration control systems market.

Competitive Landscape:

The vibration control system market boasts a diverse landscape, with major players including HUTCHINSON, DynaTronic Corporation Ltd., Cooper Standard, GERB, Technical Manufacturing Corporation, and others as profiled in the comprehensive report. Leading industry participants prioritize product innovation and development to cater to evolving consumer needs. Collaborations and partnerships are common strategies employed by these organizations to secure a competitive edge in the market.

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Vibration Control Systems Market by Segmentation:

By System:

  • Vibration Controls
    • Isolating Pads
    • Isolators (Metal, Rubber)
    • Couplings (Spool, Shear, Bolt, Bush)
    • Anti-Vib Cylinders (Male, Female)
  • Motion Controls
    • Springs (Air, Coil)
    • Hangers
    • Washers & Brushes
    • Mounts (Hydraulic, Pneumatic)
  • Automation Control
    • Absorber (Miniature, Industrial, Heavy Industrial)
    • Dampers (Hydraulic, Pneumatic, Damping Pads)

By End User:

  • Mining & Quarrying
  • Oil & Gas
  • Utilities
  • Transportation
  • Food Manufacturing
  • Bev. & Tobacco
  • Textile Mills
  • Bi-Products
  • Chemical Manufacturing
  • Electrical Equipment
  • Machinery Manufacturing

By Sales Type:

  • O.E.M
  • Aftermarket

By Region:

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

Request Your Unique Insights – Customize Your Report Now! https://www.futuremarketinsights.com/customization-available/rep-gb-4595

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.

Contact Us:        

Nandini Singh Sawlani   

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