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The market for palletizing systems is projected to be worth US$2,134.1 million in 2022. The market is anticipated to reach US$ 3,412.6 million in value by 2032 and continue to grow at a steady CAGR of 4.8%.

Palletizing systems are the equipment that helps in the automatic compiling of products on a pallet. A palletizer is designed and structured to organize, align and pack various products on a pallet for forwarding of freight. Palletizing and pallet wrapping symbolize highly useful facets of the end of a packaging line, which is the core function of every industry and indicates the product’s cycle involving a multifaceted distribution network and modes of transportation.

The techniques and methodology in palletizing differ from manual palletizing to semi-automatic and automatic procedures. The implementation of palletizing varies depending on the requirement of end-users. Over the past few years, more advanced automatic and robotic palletizing systems have emerged all over the world. Advancements in technology, the requirement to expand speed as well as the quality of packaging lines along with changing dynamics of preferences of consumers have fostered the development of more automated and robotic palletizing systems.

It has been noticed that robotics has become an essential part of the packaging domain. The palletizing systems market has grown at a rapid pace over the past few years and is likely to expand at a stupendous CAGR over the next few years.

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Global Palletizing Systems: Market Segmentation

The Global Palletizing Systems market is segmented based on types which include floor-level palletizers, high-level palletizers and robotic palletizers. The robotic palletizers are further bifurcated by inline palletizing, layer palletizing and mixed case palletizing. The robotic palletizers captured a significant share of the total revenue of the global palletizing market in 2015. Thus due to its superior automation features, the robotic palletizers are expected to account for the highest share in the overall revenue of the market by 2026.

The global palletizing systems market is also divided by applications such as case palletizers, pail palletizers, bulk palletizers, and bag palletizers. The global palletizing systems market is also fragmented by type of techniques which include semi-automated palletizing, and automatic palletizing.

Global Palletizing Systems Market: Growth Drivers

Advancements in technology along with the prominence of the conglomerates on enhancing operational efficiencies and supply chain utilizing palletizing systems are fostering the growth of the global palletizing systems market. Apart from this, the robust demand for palletizers in food and beverage is foreseen to strengthen the growth of the global palletizing systems market over the period 2016-2026.  It has been noticed that the beverage and food industries are gradually inculcating efficient and innovative ways of packaging, thus increasing demand for newer machines in palletizing.

The evolution of new human-machine interface controls, which are changing both old and robotic palletizers by providing features for handling multi-case sizes, layers of product and patterns is anticipated to expand the growth of the global palletizing systems market over the next 10 years from 2016-2026.

Global Palletizing Systems Market: Regional Outlook

Geographically, the Global Palletizing Systems industry can be divided into major regions which include North America, Latin America, Western and Eastern Europe, Asia-Pacific region, Japan, the Middle East and Africa. Amongst all the mentioned regions, Europe captured the highest share in the overall global palletizing systems market in 2015.

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In the same year, Europe, The US and Asia Pacific captured the highest share in the global palletizing systems market. Asia Pacific region is expected to develop as a rapidly growing market for the palletizing system during the forecast period. Middle East and Latin American countries are also anticipated to observe rapid growth in future.

Global Palletizing Systems Market: Players

Some of the major conglomerates capturing a substantial market share in the Global Palletizing Systems market include ABB Flexible Automation Inc., Kuka Roboto GmbH, ABC packaging, Intelligrated Inc, Cermex group, Beumer Corporation, KHS GmbH, Alligator Automation Inc, Adept Technology Inc., and others.

The companies are focusing on the development of more robotic palletizers as per the requirements of various industries and to gain a competitive advantage in the global palletizing systems market.

The Report covers an exhaustive analysis on

• Palletizing Systems Market Segments
• Palletizing Systems Market Dynamics
• Historical Actual Market Size, 2013 – 2016 for Global Palletizing Systems Market
• Palletizing Systems Market Size & Forecast 2016 to 2026
• Supply & Demand Value Chain
• Palletizing Systems Market Current Trends/Issues/Challenges
• Competition & Companies involved in Global Palletizing Systems Market
• Technology
• Value Chain
• Global Palletizing Systems Market Drivers and Restraints

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.

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Mobile Substations Market Growth –  The mobile substation market is projected to be worth US$ 934.7 million in 2022. With an expected CAGR of 7.2%,

Laser Cutting Machine Market Size – According to Future Market Insights (FMI), between 2022 and 2032, the Global market for Laser Cutting Machine will grow at a CAGR of 5.8%, reaching a valuation of US$ 5,974.1 Mn in 2032.

Wood Chipper Market Demand – The global wood chipper market size reached US$ 418.2 Mn in 2021 and it is likely to surpass a valuation of US$ 430.4 Mn by the end of 2022.

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Theodolite use in numerous infrastructure and large-scale construction projects is expected to be a major factor in the market’s expected growth to $ 826.5 mn by 2032. It is anticipated that this sector will see significant usage growth. Before any kind of construction work starts, a theodolite tool, a type of surveying equipment, is used to determine the state of any unoccupied land or ground.

Angles are measured using a theodolite with accuracy ranging from 5 minutes to 0.1 seconds both horizontally and vertically. Theodolites are now a necessary tool for surveying construction sites, so there are still plenty of opportunities for the market to grow.

The Global Theodolite Market is anticipated to reach US$ 456.7Mn in 2022 and expand at a CAGR of 6.1% from 2022 to 2032, according to FMI Analyst.

Theodolite use has increased for land measurements, navigation, sightseeing, and outdoor activities, which has led to a gradual rise in theodolite demand on a global scale. Theodolite sales will increase throughout the forecast period as a result of various multi-functional features like rangefinders, navigational calculators, compasses, GPS, and geo-overlay video cameras/photos.

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Significant theodolite providers have been spending more on R&D, which end-use industries have openly acknowledged.

Regional Analysis of Global Theodolite Market Share

Because theodolite is widely used in both residential and non-residential buildings in North America, a sizeable portion of the global theodolite market is anticipated to be accounted for by this region.

The Asia Pacific is anticipated to grow at a high growth rate over the projected period as a result of increased investment in infrastructure projects that would promote the growth of the construction industry and increase theodolite sales throughout the regions.

China is expected to be the region’s and the world’s main driver of growth as a result of its expanding construction industry and significant investments in major cities. Because of the existence of numerous significant manufacturers, Japan is one of the top countries and holds a sizeable market share.

As a result of rising urbanisation and government funding of initiatives to develop urban infrastructure, it is also anticipated that ASEAN and India will experience a reasonably high growth rate. In addition, it is expected that growth in Europe, Latin America, the Middle East, and Africa will be moderate over the course of the anticipated period.

Market Competition

Some of the market’s top players include Trimble Inc., Hexagon, Topcon Corporation, EIE Instruments, South Surveying & Mapping Technology CO., LTD, FOIF, Dwyer Instruments LTD, Swagelok Company, Robert Bosch GmbH, Danfoss, Horizon SG, SAGINOMIYA SEISAKUSHO, INC., MAHLE GmbH, Fujikoki Corporation, and Fujitsu Limited.

The theodolite market is globally moderately consolidated due to the existence of numerous manufacturing industries. Market leaders maintain their dominance by making R&D investments, incorporating cutting-edge technology into their products, and offering clients superior products. Additional tactics include contracts, mergers, partnerships, and strategic alliances.

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The majority of theodolite manufacturers have been focusing on the introduction of new products and expanding their production capacities in developing nations like Mexico and India. Examples of strategies include creativity, cooperation with significant stakeholders, alliances, strategic alliances, and the creation of regional and global distribution networks.

They also engage in mergers and acquisitions and collaborations while obtaining regulatory permissions.

• In October 2020, Topcon Corporation has announced the completion of the new factory of TOPCON OPTONEXUS Co., Ltd. a subsidiary of Topcon, in order to expand the production capacity of optical components that supports Topcon’s overall growth strategy.
• In Sept. 2022— Civ Robotics, a San Francisco-based construction tech business that aims to modernize surveying layout for civil engineering and infrastructure projects, received investment from Trimble Ventures. This investment helps Trimble Ventures fulfil its commitment to fund early-stage and growing businesses that are advancing innovation, digital transformation, and sustainability in the sectors it serves, including transportation, construction, agriculture, and geospatial technology.

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Sirens Market Value – The North American region is the second-largest market with a share of 22% in 2022. The high infrastructure, security solutions, and better use of sirens during defence are leading to an increase in the sirens market during the forecast period.

Material Handling Equipment Market Forecast – The global demand for material handling equipment is projected to increase at a CAGR of 6.5% during the forecast period between 2022 and 2032, reaching a total of US$ 52,342.6 Million in 2032, according to a report from Future Market Insights (FMI).

Non-Destructive Testing Equipment Market Size – North America is dominating and contributing the leading shares to the non-destructive testing equipment market in terms of revenue and is expected to register a significant growth over a forecast period due to the increasing market competition.

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According to Future Market Insights (FMI), the U.S. Commercial Walk-In Refrigeration Market will be worth US$ 1,980.1 Mn by 2032 after expanding at a CAGR of 4.31% between 2022 and 2032.

Due to the benefits of everyday habits, such as those of the food and medical industries, a refrigeration system is necessary. Cold storage rooms with coolers and freezers and a floor area of less than 3000 square feet are called walk-in refrigerators, and they are used to cool or freeze food, beverages, pharmaceuticals, and other perishable goods. They are utilised in a range of industries that deal with the cold chain, including those that work with food and drink, industrial kitchens, retail food establishments, medicine, chemicals, and other sectors.

Some of the elements affecting American growth are A growing population, tight government laws and regulations regulating refrigerated systems, a growth in commercial restaurants and retail food services, and expanding purchasing power are all factors in the commercial walk-in refrigeration market.

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Currently, the Commercial Walk-In Refrigeration Market in the United States is dominated by the Southern States. By 2032, the Southern United States will control 41.5% of the market, according to an analysis by FMI.

It is anticipated that commercial restaurants, retail food service, and a variety of other end applications will all increase their use of refrigeration systems for food service. E-commerce websites increasingly use warehouses and distribution hubs, making it possible for clients to simply modify their orders and pick them up. This increased consumer demand for quick-serve, ready-to-eat food is what is anticipated to fuel the expansion of the commercial food industry throughout the course of the projected period.

The growing consumer concern about product quality, particularly the effectiveness & life of raw materials used in production as well as it should be in accordance with government norms and regulations, is addressed through research and development on commercial walk-in refrigeration. The southern part of the country makes up a larger portion of the country. The market for commercial walk-in refrigeration.

Factors are bolstering the Commercial Walk-In Refrigeration Market

“Growing Number of Retail Stores and Demand for Ready-to-Eat Products”

The food business has a major problem as a result of a change in lifestyle, particularly with regard to the kinds of foods consumed and the amount of time spent on these activities. Food service providers are increasing their capital spending on walk-in coolers and freezers to accommodate the growing demand from customers for frozen meals and chilled goods. Another factor influencing demand for walk-in coolers and freezers is the expansion of limited-service restaurant franchises and approved locations.

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On the other hand, the US market for this industry is quite fragmented, which can accommodate the rise in walk-in business brought on by the nation’s recent significant increase in the number of retail locations. The end-use sector’s primary goal is to capitalise on Americans’ rising spending power, particularly in the South and West. However, the retail business has expanded greatly in certain regions as a result of the government’s policies that encourage investment.

“Rebates for Energy-Efficient Products and Practices from Various Organizations”

Commercial walk-in refrigerator producers are concentrating their efforts on research and development (R&D) activities to create inventive and unique technologies for these systems that may satisfy both consumer demand and societal standards and regulations. A variety of worldwide governmental and non-governmental organisations may give manufacturers of walk-in refrigeration systems and equipment incentives for using energy-saving and ecologically friendly production methods.

The Energy Star voluntary programme is jointly managed by the Environmental Protection Agency (EPA) and Department of Energy (DOE) in the US. By establishing high energy efficiency standards for walk-in coolers and refrigeration equipment, it encourages environmental conservation while also giving businesses and individuals incentives.

By increasing the private sector’s supply of renewable energy and lowering energy use through improved energy efficiency, this project helps the United States achieve greater energy independence. Efforts to improve energy efficiency are predicted to increase demand for walk-in coolers and freezers.

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Ductless Heating & Cooling Systems Market Size – The global ductless heating & cooling systems market size was estimated to be worth around US$ 98 Billion in 2021 and is forecast to grow at a robust CAGR of 8% between 2022 and 2032, reaching around US$ 228 Billion by 2032.

Industrial Robots Market Size – Increases the need for automation to increase its competitiveness which increases the demand for industrial robots market. Thus, U.S. is expected to hold 40% market share for industrial robots in 2022.

Absorbent Glass Mat (AGM) Battery Market Size  – The global absorbent glass mat (AGM) battery market was worth US$ 11 Billion in 2021 and is anticipated to increase 5.3% year on year to US$ 11.2 Billion in 2022.

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During the forecast period, the market for extrusion equipment is anticipated to increase at a CAGR of 5.3%. It is anticipated to increase in value from US$ 5,243.7 Million in 2022 to US$ 8,764.6 Million in 2032.

Rising extrusion product demand and quickening manufacturing sector investment are expected to hasten the adoption of extrusion equipment. However, because of the high installation and maintenance costs of this equipment, market growth is probably going to be restrained.

On the other hand, recent technological advancements and regional government initiatives geared toward micro, small, and medium-sized enterprises (MSME) are anticipated to create lucrative market share opportunities.

The production of plastic sheets and pipes is raising the possibility of apprentice vendors in the extrusion equipment market trends. The leading market players also work to achieve market maturity by employing polymers, such as PP, PE, and PVC, strategically to create seamless products, particularly plastic.

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Performance of the North America Extrusion Equipment Market

With a market share of 26.3%, North America is the largest extrusion equipment market. This is due to the region’s expanding manufacturing infrastructure and the high per capita income of the population, particularly in the United States.

The U.S. already possesses established expertise across a variety of end user industries as well as robust distribution and sales networks, which are predicted to increase the size of the extrusion equipment market globally. The growth of the extrusion equipment market is also anticipated to be boosted by the entry of new market participants and OEMs.

Europe Extrusion Equipment Market Will Expand

With a market share of 22.9%, Europe is the second largest extrusion equipment market. This is due to the existence of a developed market for snack foods that offers a sizable consumer base with potential for growth.

Due to the rising demand for various snack product types in this area, manufacturers are forced to source extruded snack products from other parts of the world in order to maintain a steady supply of raw materials. These factors necessitate the use of food extrusion equipment, which is expected to generate novel business opportunities for extrusion equipment manufacturers.

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Key Segments

By Product Type:

• Single Screw Extruders
• Twin Screw Extruders
• Downstream Equipment
• By Load Type:
• Variable
• Hydrostatic

By Press Position:

• Horizontal
• Vertical

By End User:

• Plastic Goods
• Processed Food
• Pharmaceutical
• Non-Conventional Energy
• Construction Materials

By Region:

• North America
• Latin America
• Asia Pacific
• MEA
• Europe

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Refrigeration and Air Conditioning Compressors Market – Rising adoption of refrigeration and air conditioning compressors for various applications will increase the sales at a CAGR of 2.7%, reaching a valuation of US$ 41.2 Bn by 2029.

Air Conditioning Systems Market  – The global air conditioning systems market is expected to garner momentum at a moderate rate of CAGR 6.2% from 2022 to 2032.

Air Scrubbers Market – Global Air Scrubbers Market demand is anticipated to be valued at US$ 2,222.07 Million in 2022, forecast to grow at a CAGR of 9% to be valued at US$ 5,260.3 Million from 2022 to 2032.

Air Pressure Sensor Market – The Air Pressure Sensor Market value is projected to reach US$ 38,485.7 MN in 2032 with a CAGR of 8.0%. The market for air pressure sensors is primarily driven by the growing industrial and automotive sectors as well as the increasing demand for cutting-edge technologies around the globe.

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The market for wear plates Market overview is anticipated to grow annually by 5.1% in 2021, reaching US$ 6.9 Bn by the year’s end. To guarantee the equipment’s long-term safety, wear plates are utilised in a variety of end-use industries.

It also has lower maintenance expenses because it endures longer than any other steel. Wear-resistant steel plates enable a 30–40% weight reduction in the machinery. As a result, a CAGR of 6.3% is anticipated for the wear plates market worldwide between 2021 and 2031.
North America is anticipated to maintain its position as a key wear plate market regionally over the forecast period due to increased demand from end-use applications. North American sales are anticipated to increase at a CAGR of 7.0% through 2031.

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2016-2020 Global Wear Plate Market Outlook Compared to 2021-2031 Forecast

According to Future Market Insights (FMI), the wear plates market is likely to witness robust growth in the near future, on the back of expansion of end-use industries and applications in manufacturing.

On account of growing applications in waste management, pulp & paper, chemicals, and other industries, demand in wear plate market is expected to increase over the forecast period. Subsequently, growing research and development activities will accelerate the growth in the wear plate market.

Historically, the wear plate market grew at 2.0% CAGR between 2016 and 2020. Increasing material cost and lack of professional labour hampered the demand for wear plates in various end-use sectors, severely impacting the growth.

As per FMI, the sales in the wear plate market are likely to increase at a CAGR of 5.8%, in terms of volume over the assessment period of 2021-2031. Growth in the market is attributable to increasing applications in mining, power generation, steel & aluminium mills, and others.

Will Increasing Application in End-Use Industries Propel the Sales of Wear Plates?

Wear plates protect the equipment by coating it with a protective layer. It aids in the prevention of damage and ensures proper usage, extending the usable life of each piece of equipment.

Every movement creates abrasion as the mechanical pieces, which are usually made of metal, grinding against each other. If it breaks, the replacement cost and the cost of unwanted downtime, will be inefficient.

Protecting the most vulnerable parts of the equipment with protective covers is one way to prevent harm. Hence, end users are providing safe and secure communication between suppliers and customers to protect the machinery.

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What are the Factors Restraining the Wear Plate Market Demand?

Lack of raw material is one of the major factor dampening the sales of wear plates, especially in underdeveloped regions. With increasing need for wear plates and rising raw material costs, the market players are expected to witness decline in sales.

New trade and tax rules are putting pressure on producers to satisfy demand, resulting in the spike of raw material prices. This is expected to have a ripple effect across all end-use industries.

Across several countries, strict government actions and the shortage of plate are expected to have a negative impact on the wear plate market.

Competitive Landscape

Over the past few years, numerous acquisitions and expansion activities has been witnessed to improve the supply of the wear plate market. Several key players are also focusing on improving the efficiency of products for various applications.

Meanwhile, some of the manufacturers are establishing their manufacturing facilities for the untapped potential and to strengthen their global presence, especially in U.S., India, Germany, and China.

For Instance,

• In 2021, ArcelorMittal has announced that its Sestao steel facility in Spain will be the first full-scale zero-carbon steel plant in the world. The Sestao facility will produce zero carbon emissions by using green hydrogen and renewable electricity. the Sestao facility – which produces flat steel products for the automotive and construction industries as well as general industry.
• In 2021, Bennes Vincent was the first tipper body manufacturer in France to introduce a new Hardox 500 Tuf steel-only product range. Bennes Vincent’s revolutionary “Multi-Blocs” rear tippers have taken the market by storm a year after their launch, promising end-users decreased tare weight, more payload and hence improved profitability.
• In 2020, ASGCO is expanding and relocating its headquarters to a new facility in Nazareth, Pennsylvania. ASGCO has purchased 19 acres in eastern Pennsylvania and is now constructing a new facility to fulfill the increased demand for their products and services.

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Key Questions Answered in the Report

• What is the current size of the global wear plate market?
• At what CAGR, the demand will likely grow for the wear plate market during the forecasted period?
• What is the total share of wear plate market players?
• What is the market outlook of the wear plate market in China?
• Which countries are the key consumers of the wear plate market?
• What are the key strategies shaping the global wear plate market?

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The sales of paper moisture metres are likely to increase in the coming years due to the pressing need to determine the best drying times and spot moisture streaks during the paper production process. The global paper moisture meter market size is anticipated to reach US$ 2.1 Billion in 2022. It is anticipated to have a market value of US$ 5.2 billion and grow at a CAGR of 8.1% from 2022 to 2032.

In addition, paper moisture meters can determine the moisture content based on either relative humidity or absolute humidity. Relative humidity is dependent on temperature, whereas absolute humidity does not take temperature into consideration.

Presence of liquid, especially water, often in trace amounts is moisture. Moisture is an important factor, which determines the quality of the paper. Paper moisture meters are used to measure the moisture percentage of water in the paper or in a specified material. On a flip side, vital part of the process is to control the moisture of the product.

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Total weight of paper is determined by the amount of water contained in the paper. The major constituents of paper, fibers of cellulose, have a strong affinity for water, and will gain (or lose) it readily, depending on the amount of moisture in the air, or the relative humidity of the surrounding environment. With growing need for more features such as less cost, not only measure water content, but also relative humidity and temperature among others is anticipated to be the major target market in near future.

Paper Moisture Meter Market: Drivers & Restraints

Paper moisture meter is used to know the effectiveness of the paper along with without damaging the material. New approach of moisture content determination is quick and reliable which allows measurement with least error. The measurements are influenced through differences in the material densities. Increasing packaging applications along with growth in the need of paper for writing are the drivers identified in paper moisture meter market.

Paper Moisture Meter Market: Region-wise Outlook

The global paper moisture meter market is expected to register a single-digit CAGR for the forecast period. Depending on geographic regions, the global paper moisture meter market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. Asia Pacific region is expected to register a significant CAGR during the forecast period. The remaining regions are likely to grow at a sturdy rate over the forecast period.

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Paper Moisture Meter Market: Key Players

Some of the players identified in the paper moisture meter market are:

• Kett
• Extech Instruments
• Delmhorst
• Schaller
• ACMAS TECHNOLOGIES PVT. LTD.
• ELECTROMATIC Equip’t Co.

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.

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

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In 2022, the market for dredging is projected to be worth US$15.6 billion. The dredging market’s demand is predicted to grow at a CAGR of 3.7 percent, reaching a value of US$ 22.3 Bn by 2032, according to the report. For various activities like coastal protection, trade activities, and mining projects, the government segment currently holds a more than 40% share of the market for the use of dredging services.

A rise in mining and trade activity is expected to give East Asia a commanding share of the global dredging market of 29.6%.

The global dredging market is predicted to grow at a CAGR of 3.7%, reaching a valuation of more than US$ 22.3 billion by 2032. The dredging market is anticipated to benefit from rising demand for gulf coast restoration activities. Dredging service providers are adopting dredger monitoring systems and the upgradation of their equipment to increase efficiency and productivity.

Rising government investments in dredging activities in emerging economies will create opportunities for growth in the market in the forthcoming years. Various developing and developed countries’ governments are investing in harbours, channels, and waterways that are dredged in a timely and cost-effective manner to meet environmental protection, restoration, and enhancement goals.

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Further, an increase in trade activity, urban development projects and coastal protection activities are driving the demand for dredging services globally. Manufacturers are introducing new and innovative service methods with maintaining the regulation for emission control.

Due to the upgradation of equipment, dredging activities are now being used for accessing high-quality mineral reserves that are economically inaccessible through conventional mining.

Companies providing dredging services for the development of ports and dockyards are extending their portfolio by including suction dredging for rivers and smaller waterways. Such developments are anticipated to bode well for the growth in the market over the forecast period.

“Technology upgradation in dredging service driven by the adoption of dredger monitoring systems and upgradation of equipment to increase efficiency and productivity will continue driving sales in the market growth over the forecast period,” says an FMI analyst. 

Key Takeaways:

• By customer type, the government segment is projected to hold 43.6% of the total market share in 2022.
• Based on application, the energy infrastructure segment is expected to grow Y-o-Y by 4.6% in 2022.
• Demand in the U.S. dredging market is forecast to increase at a 2.1% CAGR, reaching a valuation of US$ 1.5 Bn by 2032.
• India will emerge as a lucrative pocket, with sales growing at a 3.4% CAGR through 2032.
• Total sales in the China market will hold 25% of the East Asia dredging market share in 2022.
• By 2032, East Asia is expected to account for a dominant share of 32.9% of the global dredging market.

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Competitive Landscape 

The global dredging market is significantly consolidated among Tier I, Tier II, and Tier III players. The leading players in the market account for 50 to 55% share in the market on a value basis.

Biggest dredging companies in the world are China Communications Construction Company Limited, Royal Boskalis Westminster N.V, Dredging, Environmental and Marine Engineering NV (DEME), Van Oord, Great Lakes Dredge & Dock Corporation, Royal IHC, National Marine Dredging Company and others.

Key Segments Covered in Dredging Market Analysis

Customer Type:

• Government
• O&G Companies
• Mining Companies
• Renewables
• Others

Application:

• Trade Activity
• Trade Maintenance
• Energy Infrastructure
• Urban Development
• Coastal Protection
• Leisure

Region:                        

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

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Automatic Distillation Analyzer Market Growth – Automatic Distillation Analyzer Market by End Use Industry, Application, Product Type & Region – Forecast 2022 – 2032

Pedestrian Access Control System Market Size – Pedestrian Access Control System Market by Type, End User & Region – Forecast to 2022 – 2032

Mini Cranes Market Demand – Mini Cranes Market by Lifting Capacity, Type, Operation, End-Use Sector, Ownership & Region – Forecast 2022 – 2032

About Future Market Insights (FMI)

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

Contact:

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

Jumeirah Lakes Towers

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According to an analysis by Future Market Insights (FMI), the industrial safety footwear market is expected to be valued at US$ 18.99 Mn in 2032, with a 6.3% CAGR during the forecast period.

Rapid industrialization, along with expanding end-user sectors such as construction, mining, food, pharmaceuticals, and oil and gas, as well as rising government measures to improve worker safety, will propel the industrial safety footwear market forward.

Furthermore, exceptional training programmes in conjunction with new stringent safety regulations will improve the safety equipment device over the projection period.

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There is a slight chance that low-quality products will be prevalent, which will indirectly increase workplace dangers due to poor product quality.

Key Takeaways:

• With a market size of over USD 8.50 billion and a CAGR of over 6.5% over the forecast period, the leather industrial safety footwear market is expected to hold the largest share in 2020.
• In 2027, the construction industry’s industrial safety footwear market is estimated to exceed USD 4.95 billion.
• By 2027, the North American market is estimated to reach USD 5.40 billion, with a CAGR of over 6% during the forecast period. In North America, manufacturing is the fastest-expanding application segment for industrial safety footwear.
• Over the forecast period, the rising adoption of health and safety standards to prevent workplace fatalities is predicted to boost the demand for safety footwear.

As technology advances and the improvement of existing safety rules and standards, the worldwide industrial safety footwear market is booming. BSI, ILO, and OSHA are just a few of the national agencies following a set of safety recommendations. According to the agencies, employers must offer certified safety gear to their employees during working hours.

Furthermore, due to the COVID-19 pandemic, customers delayed or postponed spending on non-essential products and services, such as footwear, apparel, and home appliances, resulting in a decrease in footwear demand. Furthermore, temporary manufacturing unit shutdowns and the closure of manufacturing industries impacted demand for industrial safety footwear.

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Competitive Landscape:

Manufacturers are investing in innovative technology and product development to capitalize on the increased demand for industrial safety footwear in the coming years.

Honeywell International, Inc, JAL Group France SAS, COFRA S.r.l, Rock Fall Ltd, Uvex Group, Anbu Safety Industrial Co., Ltd, Hillson Footwear Pvt. Ltd, Bata Industrials, and Williamson-Dickie Manufacturing Co. are all significant players in the industrial safety footwear market.

Key Market Segments

By Material:

• Leather
• Rubber
• Plastic
• Waterproof

By Application:

• Construction
• Manufacturing
• Oil & Gas
• Chemicals
• Transport
• Mining
• Food
• Pharmaceuticals

By Product:

• Shoes
• Boots

By Region:

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

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Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape

Absorbent Glass Mat (AGM) Battery Market Size  – The global absorbent glass mat (AGM) battery market was worth US$ 11 Billion in 2021 and is anticipated to increase 5.3% year on year to US$ 11.2 Billion in 2022.

Electric Motors Market Size – The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021

Industrial Robots Market Size – Increases the need for automation to increase its competitiveness which increases the demand for industrial robots market. Thus, U.S. is expected to hold 40% market share for industrial robots in 2022.

Industrial Robotics Market Size – On account of this, the sales of industrial robotics are expected to rise at a remarkable CAGR of 19.2% over the forecast period 2022-2028.

Lead Acid Battery Market Size – Demand in the U.S. lead acid battery market is expected to rise at above 4% CAGR over the forecast period. The U.S. has emerged as a lucrative market for lead acid batteries in terms of both production and consumption.

Commercial Refrigeration Equipment Market Size – Commercial refrigeration equipment market analysis across regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) has been discussed in detail in this research survey by FMI.

Ductless Heating & Cooling Systems Market Size – The global ductless heating & cooling systems market size was estimated to be worth around US$ 98 Billion in 2021 and is forecast to grow at a robust CAGR of 8% between 2022 and 2032, reaching around US$ 228 Billion by 2032.

About Us:

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 on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
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United Arab Emirates
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According to Future Market Insights analysis, the Global Laser Cutting Machine Market is expected to reach US$ 3,386.4 Mn in 2022, growing at a CAGR of 5.8% from 2022 to 2032. Laser cutting has emerged as a versatile, cost-effective method that delivers extremely high precision as compared to conventional cutting methods for many applications.

Laser-cutting machines have applications in many industries, such as automotive, aerospace, ceramics, metal cutting, defence, semiconductors, glass, ceramics, paper, etc. This product helps to cut material without creating heat or any mechanical stress. The accuracy, productivity, and efficiency of laser cutting machines are preferable as compared to other cutting machines. Because they are so well suited to mass production processes, highly complex and specialized components are typically preferred for many industries.

As it can cut items more quickly than a waterjet cutting machine, laser cutting is a more cost-effective choice. These are the driving forces behind the market’s expansion, making it more stable in the years to come.

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Key Takeaways of Laser Cutting Machine Market Study

• The value of mechanized Laser Cutting Machines is projected to increase at a value CAGR of 5.8% to reach around US$ 5,974.1 Mn by the end of 2032.
• In terms of End Use, Automotive and Transportation are anticipated to create an absolute dollar opportunity worth US$ 805.6 Mn.
• In the Global Laser Cutting Machine market, fibre-based technology in Laser Cutting Machines is projected to account for more than 60% share by the end of the forecast period owing to its demand which is increasing in day-to-day applications
• By Region, East Asia is anticipated to account for more than 25% of the market share in terms of volume by the end of 2032 and is expected to remain dominant throughout the forecast period.

“Adoption of technologies for improving machines and customer-centric product offerings are the key trends paving the way for futuristic growth for the Laser Cutting Machine market,” says Future Market insights analyst

Competitive Landscape

The market is fragmented among the market participants, accounting for market share ranging from 30% to 40% of market revenue in 2021. Prominent players in the market aim to concentrate on diversifying their product lines with technologically advanced products to gain a prominent share in the market and offer significant efficiency and better output to their customers.

The TRUMPF, Bystronic DNE, Hans Laser, HSG Laser, Amada Co. Ltd., and Coherent, Inc. are a few of the market’s major participants.

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More Insights into the Laser Cutting Machine Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the Global Laser Cutting Machine market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on Technology, mode of operation, end-use and by region.

Key Segments Covered in Laser Cutting Machine Industry Analysis

Laser Cutting Machine Market by Technology:

• Gas Based
• Solid State
• Fibre Based

Laser Cutting Machine Market by Mode of Operation:

• Mechanized
• Manual

Laser Cutting Machine Market by End Use:

• Automotive and Transportation
• Consumer Electronics and Appliances
• Electrical and Heavy Machinery
• Metal Fabrication
• Other Industrial

Laser Cutting Machine Market by Country:

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

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About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry.

We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing and identifying new revenue prospects.

Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape

Absorbent Glass Mat (AGM) Battery Market Size  – The global absorbent glass mat (AGM) battery market was worth US$ 11 Billion in 2021 and is anticipated to increase 5.3% year on year to US$ 11.2 Billion in 2022.

Electric Motors Market Size – The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021

Industrial Robots Market Size – Increases the need for automation to increase its competitiveness which increases the demand for industrial robots market. Thus, U.S. is expected to hold 40% market share for industrial robots in 2022.

Industrial Robotics Market Size – On account of this, the sales of industrial robotics are expected to rise at a remarkable CAGR of 19.2% over the forecast period 2022-2028.

Lead Acid Battery Market Size – Demand in the U.S. lead acid battery market is expected to rise at above 4% CAGR over the forecast period. The U.S. has emerged as a lucrative market for lead acid batteries in terms of both production and consumption.

Commercial Refrigeration Equipment Market Size – Commercial refrigeration equipment market analysis across regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) has been discussed in detail in this research survey by FMI.

Ductless Heating & Cooling Systems Market Size – The global ductless heating & cooling systems market size was estimated to be worth around US$ 98 Billion in 2021 and is forecast to grow at a robust CAGR of 8% between 2022 and 2032, reaching around US$ 228 Billion by 2032.

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

United Arab Emirates

For Sales Enquiries: sales@futuremarketinsights.com

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