Digital Phase Shifters Market is Rapidly Expanding at a CAGR of 65.4% from 2022 to 2028 | FMI

The Digital Phase Shifters Market is projected to be valued at US$ 9.8 Bn by the end of 2028, rapidly expanding at a CAGR of 65.4% from 2022 to 2028. Bolstering demand for digital phase shifters across various end-use industries, including telecommunication, aerospace and defence, weather forecast,  mobile, mobile broadband, Internet, satellite, and the fixed broadband sectors is believed to be a key factor driving the growth of the global digital phase shifters market over upcoming years. In addition, constant advancements in information technology are expected to pump market growth over the next decade.

By region, North America is currently dominating others in terms of market value share, and is expected to remain the global leader throughout the forecast period. This sustained growth is attributed to the commercialization of space exploration and the humongous defense budget. This regional market will remain in the limelight in near future due to strong presence of US-based companies spearheading the telecom industry in terms of trials and deployment of the 5G technology.

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The report projects North America and Europe to remain the key regions in the global digital phase shifters market throughout the forecast period. Asia Pacific, Middle East & Africa and Latin America are expected to be the emerging markets as the large population in these areas will increase the pressure on the existing telecommunication infrastructure, which in turn, will lead to an increase in demand for global digital phase shifters.

However, the research indicates a strong possibility of the shift of the entire digital phase shifters market from the saturated markets of North America and Western Europe to less developed, emerging economies such as MEA and SEAP.

Other key market segments include 4-Bits, 5-Bits, 6-Bits, 8-Bits, and others based on number of bits; and – 10.99GHz, 11 – 20.99GHz, and 21GHz and above based on the frequency range. While the market expects to witness highest growth of 8-bits segment in terms of the number of bits, 21GHz and above segment is projected to witness the highest CAGR value by frequency range.

Key Players

Some of the key players operating in the global digital phase shifters market include Analog Devices, Inc., Murata Manufacturing Co., Ltd., MACOM, Qorvo, Inc., Astra Microwave Products Limited, Planar Monolithics Industries, L3 Narda-MITEQ, Pulsar Microwave Corporation, Pasternack Enterprises, Inc., Mercury Systems, Inc., and SAGE Millimeter, Inc. Designing bespoke solutions targeted at specific needs of various applications in different end-use industries will be the key strategy among leading companies in the global marketplace.

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Key Segments of Digital Phase Transformer Industry SurveyBy number of bits:

  • 4-bit digital phase shifter
  • 5-bit digital phase shifter
  • 6-bit digital phase shifter
  • 8-bit digital phase shifter
  • Other

By frequency range:

  • 0.1 – 10 GHz Digital Phase Shifter
  • 11 – 20.99 GHz Digital Phase Shifter
  • 21GHz+ Digital Phase Shifter

By application:

  • Digital Phase Shifter for Communications
  • Digital Phase Shifter for Satellite Communications
  • Digital Phase Shifter for Radar

By region:

  • North American Digital Phase Shifter Market
  • Latin America Digital Phase Shifter Market
  • European Digital Phase Shifter Market
  • East Asian Digital Phase Shifter Market
  • South Asia and Pacific Digital Phase Shifter Market
  • Middle East & Africa (MEA) Digital Phase Transformer Market

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RFID Printers Market 2022 Expectations & Growth Trends Highlighted Until 2028

The RFID Printers Market size is expected to grow from US$ 1,745.4 Mn in 2022 to US$ 2,654.4 Mn by 2028 at a CAGR of 7.2% during the forecast period.

RFID (Radio Frequency Identification) labels are widely used, especially in the retail sector. The growth is a result of an increase in the rate of adoption of the RFID printing technology with the help of special RFID printers. The global market for RFID printers is expected to prosper in the upcoming few years, with the rise in dependency of various end-use sectors, on RFID labels.

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RFID Printers Market: Retail Industry to Lead the Market

The global RFID printers market is expected to rise at a robust rate, due to a clear indication of the forecast towards growing dependency of industries on RFID tags. An increasing demand for adoption of RFID tags is witnessed across several industries, such as banking and healthcare, for tracking finances and products. Increasing demand for RFID tags is associated with the benefits accompanied by them, such as relatively cheaper in cost as it does not have silicon chip and does not require any maintenance, its application in banking card and e-Passport, etc.

According to the market research by FMI, retail industry is expected to hold a maximum value share in the global RFID market and is also expected to proliferate in the coming years, witnessing an exponential CAGR of 9.0% during the forecast period. The market is also anticipated to have better growth prospects and grow at a higher rate in China compared to other regions in the world.

RFID Printers Market: Key Trends

Rising adoption of RFID printing and advancements in printed electronics are helping RFID developers to create thin and flexible RFID tags. These tags can be integrated with printed sensors, thin-film photovoltaic solar cells, and other technologies. Moreover, rising usage of electronic printing and ink technologies is aiding RFID vendors to print their own chip-less RFID tags on site as per the requirements.

Several key players in the global market are working on 3D printing technology for enterprises to directly print RFID tags on/in products. Furthermore, the advent of technology will reportedly result in introduction of RFID laser printing technology in near future.

Companies have been focusing on offering enhanced, cost-effective solutions via RFID printers; moreover, more such efforts have been resulting in the introduction of RFID laser printing technology to eventually offer an enhanced print output to the end-user. Besides quality, the technology also boosts printing speed of the printer, increases the product life, and lowers the overall operational and maintenance cost of the RFID printer.

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RFID Printers Market: Competitive Landscape

This all-inclusive report highlights the key players of the market that have been standing strong and competing efficiently in the global market. Some of these leading companies included in the report are Honeywell International, SATO Holdings, Toshiba Tec Corporation, Avery Dennsion Corporation, Lexmark, and GODEX INTERNATIONAL. The coming years are expected to reveal more innovation by companies in the global RFID printers market in order to form a strong marketing strategy.

RFID Printers Market Survey by Category

By Solution:

By Product Type

  • Desktop RFID Printers
  • Industrial RFID Printers
  • Mobile RFID Printers

By Printing Type:

  • Direct Thermal RFID Printing
  • Thermal Transfer RFID Printing

By Industry:

  • Manufacturing
  • Transportation
  • Retail
  • Healthcare
  • Others

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Social Employee Recognition Systems Market is Reach an Estimated Valuation of US$ 29.2 Bn by the end of 2028

Social Employee Recognition Systems Market is set to hold a net value of US$ 13.3 Bn in 2022, at a stellar CAGR of 14% for 2022-2028. The market is reach an estimated valuation of US$ 29.2 Bn by the end of 2028. Future Market Insights (FMI) has published a new market research report on social employee recognition systems.

The report has been titled, “Global Social Employee Recognition Systems Market: Global Industry Analysis (2013-2021) and Forecast (2022-2028).” Long-term contracts with large enterprises and private companies are likely to aid the expansion of business revenues, and innovation in the industry will enable social employee recognition system vendors to reach out to new potential customers in emerging markets. These factors are expected to help the global market for social employee recognition systems observe stellar growth in next few years.

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Social employee recognition system dealers can put emphasis on expanding their businesses across developing countries in MEA, SEA, and APAC. These regional markets have been steadily adopting a range of modern employee engagement and retention systems/programs. New players venturing into the social employee recognition systems market are most likely to focus on entering into partnerships and collaborations with established players. This will help them understand the demand pattern and supply chain scenario, in order to gain an attractive customer base and thereby, generate higher revenues.

The companies are also focusing on product development and innovation in order to retain their positions in the market. In March 2022, Salesforce launched a simplified software aimed at small businesses. This new software, called ‘Essentials‘, is a sales and customer service software that has been tailored specifically for small businesses. Salesforce is currently targeting small businesses by launching new, powerful, promising tools at affordable prices.

The other leading companies operating in the global social employee recognition systems market are Globoforce Ltd., REFFIND Ltd., Achievers Solutions Inc., Kudos, Inc., Madison Performance Group, and Recognize Services, Inc.

Adoption by Enterprises to Rise in an Effort to Access Multiple Benefits

The deployment of social employee recognition systems results in augmented employee satisfaction, eventually resulting in improved performance and enhanced productivity. Moreover, social recognition on a professionally used system uplifts professional profiles of employees to a great extent.

Organisations thus tend to opt for deploying social employee recognition systems for maintaining high employee withhold rates and high revenues. Social media platforms that are specifically used by working professionals and businesses, including Twitter and LinkedIn, are also being widely used to recognize employee efforts and engage with the employee apart from engaging in promotional and marketing activities.

Companies also advertise new product launches and details regarding product discounts, and new strategies and plans for future growth of employees in order to drive sales and surge brand loyalty online. Companies also connect with their business partners via these social portals and platforms on a real-time basis.

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Emerging Challenges in Keeping Employees Engaged to Inhibit Market Growth

According to the research findings included in the report, social employee recognition programmes can only be successful in an organization when it includes employees at all stages. It is a difficult task to include and motivate employees operating remotely such as salespersons and marketing staff. Companies generally implement social employee recognition solutions for employees working within the premises, due to which, employees working remotely are unable to participate in such programmes.

Key Segments of Social Employee Recognition Systems Industry SurveySocial Employee Recognition Systems Market by Distribution Type:

  • Cloud Social Employee Recognition System
  • In-house social employee recognition system

Social Employee Recognition Systems Market Segment by Company Type:

  • Commendation system for social service personnel of large corporations
  • Small business social service worker commendation system

Social Employee Recognition Systems Market Segment by Industry Type:

  • Social Employee Awareness Systems for Retail and Consumer Goods
  • Social Service Personnel Commendation System for Health Management
  • Social Employee Awareness System for IT and Telecommunications
  • Social Employee Recognition System for Travel and Hospitality
  • Citation system for social service personnel for manufacturing
  • Social Employee Recognition System for Media and Entertainment
  • Other

Social Employee Recognition Systems Market by Regions:

  • North American Social Employee Recognition Systems Market
  • Latin American Social Employee Recognition Systems Market
  • European Social Employee Recognition Systems Market
  • East Asian Social Service Personnel Commendation System Market
  • South Asia and Pacific Social Employee Recognition Systems Market
  • Middle East & Africa (MEA) Social Employee Recognition Systems Market

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Enterprise Asset Management Market is Predicted to a Valuation of US$ 3.21 Bn in 2022 and US$ 4.86 Bn by 2028

The Enterprise Asset Management Market is predicted to close in on a valuation of US$ 3.21 Bn in 2022 and US$ 4.86 Bn by 2028, surging ahead at a CAGR of 7.1% from 2022 to 2028. Future Market Insights has recently published a market research report titled “Enterprise Asset Management Market – Global Industry Analysis 2014 – 2021 and Opportunity Assessment 2022 – 2028.” The growth of Artificial Intelligence (AI) and drone-based enterprise solutions are among the factors driving the enterprise asset management market. AI helps improve data handling to make better decisions.

Asset visibility is an important factor for implementing the EAM system that gives accurate information on the identities, materials, and supplies. Effective asset management helps control or eliminate overstocking and stockpiling, as well as helps reduce fixed capital investments. EAM software offers more robust analytical systems for managing assets, preventative maintenance, and workflow analysis.

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EAM Is Rapidly Integrating with IoT

The growing deployment of IoT in smartphones and laptops is increasing the usage of IoT-based applications. The integration of IoT with EAM provides the identification of performance and control modifications. IoT applications allow better asset utilisation tracking and better data management, as well as streamline data in a manner in which asset lifecycle and maintenance can be analysed.

Integrating EAM systems and IoT enable companies to identify problems with their assets. The integration of IoT with EAM solutions is expected to play an important role in the development of smart cities. Smart cities monitor the conditions of the all the critical infrastructure.

Due to the increasing demand for ensuring asset performance and advanced environmental sustainability, companies are focusing on asset-intensive platforms to constantly track, assess, and manage reliability and technological & human assets. For the use of asset-intensive systems to offer efficient data management and better asset utilisation, the global enterprise asset management market is likely to record an approximate incremental opportunity of US$ 5,500 Mn during the forecast period of 2022 to 2028.

In the global enterprise asset management report, FMI has segregated the global enterprise asset management market by deployment, by component, by industry verticals, and by region. With regards to component, the global enterprise asset management market is segmented into software and services. Due to the positive outlook towards the escalating demand for next-generation tracking solutions, cloud-based deployment is estimated to generate potential growth opportunities for the enterprise asset management software providers.

Furthermore, the software sub-segment is also expected to witness a high CAGR during the forecast period. This growth can be attributed to the wide adoption of these devices in IoT applications to reduce errors.

Hybrid Cloud Resilience to Attract Revenues through On-premise Deployment

With regards to deployment, the global enterprise asset management market is segmented into on-premise and cloud. Owing to the robust adoption and penetration of cloud-based systems, the cloud-based segment is expected to create potential business opportunities for the enterprise asset management market.

The on-premise sub-segment is also expected to create an approximate market opportunity of US$ 4,200 Mn between 2022 and 2029. On-premise is termed as scalable, reliable, and resilient for hybrid cloud solutions. Owing to these factors, the cloud-based sub-segment will be a target area for the developers of asset maintenance applications.

Furthermore, on the basis of industry vertical, the enterprise asset management market is segmented into healthcare, manufacturing, oil & gas, banking & finance, government, and others.

In addition, with respect to geography, the enterprise asset management market in North America is projected to be a prominent player in the global enterprise asset management market owing to the advent of next-gen technological advancements in Canada and the U.S. The enterprise asset management market is estimated to generate high potential in South Asia, especially in the Chinese market.

This growth potential can be attributed to the major ICT technology-based advancements in the South Asian countries. Moreover, the adoption of IoT-enabled EAM solutions is increasing in Latin America owing to free trade agreements between some countries in the region.

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Competitive Landscape

Major EAM vendors are investing efforts beyond traditional asset management as businesses now seek additional benefits from enterprise asset management solutions.

  • Oracle Corporation
  • SAP SE
  • Schneider Electric SE
  • AB Co., Ltd.
  • MRI Software LLC
  • CGI Co., Ltd.
  • Industrial and Financial Services (IFS) AB

Key Segments of Enterprise Asset Management Industry Research

Enterprise Asset Management Market by Deployment:

  • On-premise Enterprise Asset Management
  • Cloud Enterprise Asset Management

Enterprise Asset Management Market by Industry:

  • Government
  • Healthcare
  • Manufacturing
  • Transportation & Logistics
  • Oil & Gas
  • Banking & Finance
  • Retail
  • Others

Enterprise Asset Management Market by Region:

  • North America Enterprise Asset Management Market
  • Latin America Enterprise Asset Management Market
  • Europe Enterprise Asset Management Market
  • East Asia Enterprise Asset Management Market
  • South Asia & Pacific Enterprise Asset Management Market
  • Middle East & Africa (MEA) Enterprise Asset Management Market

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OTT Content Market is Expanding at a Prolific CAGR of 17.4% from 2022 to 2032 | Report by FMI

The global OTT content market is anticipated to reach a valuation of US$ 434.98 Bn by 2032, with the market expanding at a prolific CAGR of 17.4% from 2022 to 2032. Predicted to reach an estimated US$ 87.46 Bn in 2022, the target market is likely fueled by a notable surge in market penetration as well as escalating demand for subscription-based services in emerging economies. The heightened popularity of live streaming channels will further aid the growth of the OTT content market during the forecast period.

The deep market penetration of 4G and rising 5G infrastructure development across the globe aids the market growth of OTT content. An upsurge in high-speed bandwidth- which is an important criteria for proper functioning OTT services- propels the target market growth. The widespread usage pf high speed internet and smartphones, at competitive prices, amplifies the demand for the OTT content market. The gradual preference for SVOD over conventional TV services will supplement this growth of the target market.

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Again, a rising demand for original and variety media content and increasing availability of the same further amplifies the growth of OTT content market in the global space. In addition to this, the advancing popularity of video games and animated content on different gaming platforms is expected to create profitable market possibilities for OTT content. Other factors like the availability of Freemium models, live streaming channels, high quality offerings by social media and other applications will aid the expansion of the OTT content market during the forecast period.

“Dominant presence of different social media platforms coupled with mass acceptance by the consumers will augment the global growth of the OTT content market over the forecast period,” says an FMI analyst.   

Key Takeaways:

  • Growing commoditization of sporting services will generate lucrative opportunities for the target market.
  • Strict government regulations and low bandwidth are some factors that may stunt the market growth.
  • By access type, the smartphones and tablet segment will register an astounding CAGR of 40% in 2022.
  • On the basis of revenue model, Subscription-based Video on Demand (SVOD) will record high demand during the assessment period.
  • High Spending on animated content will drive the target market in the United States.
  • China will dominate the OTT content market in the Asia Pacific region.
  • OTT services are registering a high growth rate in India.

Competitive Landscape 

Disney+ Hotstar, Apple Inc., Amazon Prime Video, Netflix Inc., Hulu LLC., Twitch, Akamai Technologies Inc., Brightcove Inc., Google Inc., Limelight Networks Inc., Roku Inc., Tencent Holdings Ltd., Alphabet Inc., Comcast Corp., Sirius XM Holdings Inc., Spotify Technology SA, and The Walt Disney Co., among others are some of the major players in the OTT content market profiled in the full version of the report.

Leading market players are focusing on strategic collaborations and partnerships to increase their market share. These organizations also engage in product innovation and introducing new streaming platforms and services to expand their consumer base.

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More Insights into OTT Content Market Report

In its latest report, FMI offers an unbiased analysis of the global OTT content market, providing historical data and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of content type (video, audio, games, mobile applications, communications), access type (OTT streaming devices, desktops & laptops, smartphones & tablets, smart TVs), revenue model (SVOD services, AVOD services, TVOD services, live streaming services), and region.

According to the latest FMI reports, based on segmentation, the SVOD revenue type will likely be a prime contributor to the overall market growth. This segment will register high demand during 2022-2032. The smartphone & tablet access type will expand at a startling 40% CAGR during the forecast period owing to the advancements in telecommunication technologies as well as the optimal pricing of 4G and 5G-enabled phones.

Based on region, the United States will register tremendous growth in the OTT content market in North America. This growth can be attributed to the strong presence of the animated content creators as well as rising demand for the same. Again, an estimated 64 Mn homes are accustomed to OTT in the U.S. Both of these considerations fuel the target market growth in North America. In Asia Pacific, India and China, too, will present impressive growth over the forecast period.

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Key Segments Profiled in the OTT Content Market Survey

By Content Type:

  • Video
  • Audio
  • Games
  • Mobile Applications
  • Communication

By Access Type:

  • OTT Streaming Devices
  • Desktops & Laptops
  • Smartphones & Tablets
  • Smart TVs

By Revenue Model:

  • SVOD Services
  • AVOD Services
  • TVOD Services
  • Live Streaming Services

By Region:

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

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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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Japan Vibrating Screen Market Is Projected To Account For 5.2% CAGR | Says FMI

Sales in the global vibrating screen market are slated to top US$ 1.37 Bn in 2022. Expanding at a healthy 7.6% CAGR, the market size is projected to total US$ 2.3 Bn by 2028. The South Asia vibrating screen market is projected to hold approximately 11.5% of the market share in 2022, as per FMI.

The polyurethane vibrating screens assure noise-abated operations as they have a high vibration-absorbance. They offer screening processes with an efficacy of about 2-5 times that of the usual vibrating screen and load-handling capacity of about twice that of a rubber sieve.

Vibrating screens made of polyurethane materials are ideal for grading, dehydration and processing of coal, iron ore, gold and other minerals on account of their ability to separate most of the materials from coarse stones to granular materials, making them a perfect fit for both dry and wet materials. Further, various industries such as, wood processing, construction aggregate, recycling, and iron and steel producing, are cherry-picking polyurethane vibrating screens owing to their high durability.

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However, the demands for vibrating screens is set to tumble slightly in the upcoming years due to their long life-cycle, requiring lesser maintenance, and high capital investments. Additionally, fatal accidents happening at mining sites resulting in huge number of morbidities are compelling miners to drop out from mining exploration activities, which will impede the growth of the vibrating screen market.

Upswing in mining processes to suffice the requirement for precious metals and hard rock minerals as well as in construction activities to build infrastructure assets is the messiah of pain points of the global vibrating screen market, suggests FMI. On the contrary, the growth trail will get hindered by tumbling mining operations on grounds of environmental amendments to curb carbon footprint and high attrition rate among miners due to on-site adversaries.

Vibrating screens have been hitting the mark with innovations over the years as sieving equipment in grading and screening of the required material, which would have been otherwise impossible. FMI’s study suggests that major market players are including add-ons to the existing and new equipment for better screening efficacy and elongated life-cycle.

Demand for Circular Vibrating Screens in Mining Industry to See an Upturn

Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.

On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.

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Manufacturers showing Stauncher Inclination toward Direct Drive System

As per the FMI’ report, adoption of direct drive system in vibrating screen accounts for more than 50% of the market revenues owing to the absence of gearboxes and belts in the design, which results in lesser wear and tear between the components. The direct drive system is cost-efficient as the moving parts in the operation and framework are less complicated. For noise abatement, the direct drive system comes up with simple arrangement and lesser moving components which may vibrate during mechanism.

Furthermore, the reduced number of kinetic parts prevent easy loss of energy due to friction, enabling better efficacy, improved accuracy and increased life-cycle of the vibrating screen components. The indirect drive system, on the other hand, is subjected to friction between constituents including, gears, couplers, and pulleys, implying decreased efficiency and precision.

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Electrical Enclosure Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2028

The global Electrical Enclosure market is estimated to have been valued at US$ 6,161.0 Mn at the end of 2017 and is expected to reach US$ 10,370.0 Mn by the end of 2028 while expanding at a CAGR of 4.9% over the forecast period. The global Electrical Enclosure market is anticipated to represent incremental opportunity of US$ 3,940.2 Mn between 2018 and 2028. Some of the end-use applications considered in this report on electrical enclosures include industrial, commercial and residential sectors.

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An electrical enclosure is a container/ box that encloses electrical connections for safekeeping as well as to ensure the safety of the general public. The whole point of an electrical enclosure box is to keep wires safe, free from dirt and dust and secured.

Rapid Growth of Renewable Power Generation Key Growth Driver

Most of the end users are now shifting their focus to alternative forms of power or energy rather than depending on energy generation by fossil fuel operated power generators. These alternative forms of energies – for instance, wind power, solar power and other forms of renewable energy are gaining popularity among all types of end users. Additionally, carbon emission and dependency on fossil resources is increasing day-by-day.

Thus, in order to control this dependency, usage of renewable energy sources such as wind and solar energy is likely to be the new trend in the energy and power industry. Establishment of these power generation facilities will increase the demand for electrical enclosures in the upcoming years. Many countries such as the U.K. and Germany among others, are planning to adopt renewable energy sources, which is expected to further increase the demand for electrical enclosures for transmission and distribution.

Capacity Addition Plans and Installation of New Grids to Power the Electrical Enclosure Market

The governments of various countries have planned to make huge investments on numerous projects to provide better electricity services. For instance, the government of Russia has devised plans such as the GOELRO plan, Russian SFSR Electrification Plan, and Railway Electrification Plan among others, for establishing new power grids to provide electricity in the rural areas of the country.

These plans are being supported by the State Commission for Electrification of Russia. Also, the government is focussing on installing new transmission lines in order to create a national grid and also to develop railway electrification, which will in turn boost the demand for electrical enclosures. These planned investments across various sectors such as infrastructure, power, and railways among others, will drive significant growth in the electrical enclosure market.

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Need for Integration of Grid Infrastructure

Increasing transmission and distribution activities across the globe have increased the demand for installations of enclosures, which in turn, is driving the market of electrical enclosures. Transmission and distribution expansion, along with urbanisation, is necessary for the development of industrial and manufacturing sectors.

Some countries, such as GCC countries and Turkey have the potential to become the hub for many manufacturing industries, which will increase the demand for electrical enclosures owing to rapid industrialisation. By material type, metallic enclosures will witness supreme demand as they have a longer life and reduce the risk of fire hazards. Climate control enclosures can work in extreme climatic conditions and are ideal for use in several regions, thereby driving demand in the global market.

Segmentation Analysis

The electrical enclosure market is segmented on the basis of product type into junction enclosure, disconnect enclosure, operator interface enclosure, environment and climate control enclosure and push button enclosure.

On the basis of product type, the junction enclosure segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The junction enclosure segment is estimated to grow at a relatively high CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 1,691.2 Mn between 2018 and 2028.

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By Segmentation:

By Product Type 

  • Junction Enclosures
  • Disconnect Enclosures
  • Operator Interface
  • Enclosures
  • Environment and Climate
  • Control Enclosures
  • Push Button Enclosures

By Material Type

  • Metallic
    • Aluminium
    • Mild steel
    • Stainless Steel
  • Non-Metallic
    • Fiberglass
    • Polycarbonate
    • Polyester
    • ABS

By Design 

  • Standard Type
  • Custom Type

By Configuration

  • Wall Mount Enclosures
  • Floor Mount Enclosures
  • Freestanding Enclosures

By End Use Sector

  • Industrial
  • Residential and Commercial

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)

About Us

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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Silicon Anode Battery Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2031

Silicon has comparatively better technical features than graphite, hence it is used as a utility negative electrode in lithium-ion batteries. Its application within the automotive sector is expected to skyrocket especially in response to the increasing production of electronic vehicles.  While the automotive sector currently holds dominance, the consumer electronics sector will trail closely, exhibiting high growth.

Applications in automotive and consumer electronics will drive silicone anode batteries sales, finds Future Market Insights (FMI) in a new study. According to the report, the silicon anode battery market is expected to surpass US$ 2.09 Bn by 2031. Applications of these batteries are rising steadily across industries, as a replacement anode for graphite.

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Key Takeaways of Silicon Anode Battery Market Study

  • Silicone anode battery market will register impressive growth, exhibiting 21.5% CAGR between 2021 and 2031
  • Expansion of consumer electronics and automotive sectors will enable the U.S. account for over 70% silicon anode batteries sold in North America
  • Despite a year of negative growth, the U.K. will register 16% y-o-y growth in 2021, thanks to increasing sales of electronic vehicles
  • Germany and France will emerge as highly lucrative markets for silicon anode battery in Europe
  • Increasing consumer electronics manufacturing and demand for state-of-the-art technologies supporting expansion in China. Japan and South Korea too will continue offering lucrative opportunities

North America currently leads the market. Europe too will exhibit increasing demand, thanks to increasing focus on the production of electric vehicles. Besides this, growth exhibited in both East and South Asia will increase at an accelerated pace especially since these regions are focusing on expanding their manufacturing facilities.

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Silicon Anode Battery Market by Segments

Capacity

  • Below 1500 mAh
  • Between 1500-2500 mAh
  • Above 2500 mAh

Application

  • Consumer Electronics
    • Smart Phones
    • Laptops
    • Tablets
    • MP4 Players
    • Digital Players
    • Other Microelectronic devices
  • Automotive
    • Plug in Hybrid Electric Vehicles
    • Hybrid Electric Vehicle
    • Electric Vehicle
    • Electric Bicycle
  • Industrial
  • Grid & Renewable Energy

Region

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

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Who is Winning?

Some of the leading players operating in the silicon anode battery market are Amprius Inc, Nexeon Ltd, Enevate Corp and Boston Power Inc.

The Silicon Anode Battery market is a highly competitive market dominated by regional players. These companies are striving to offer the most optimized solutions while mitigating the technical challenges.

Companies operating in the market have been focusing on capacity expansion and introducing innovative solutions. For instance, Canada-based startup TRION Energy has been focusing on addressing incumbent challenges by adding silicon to graphite using its low cost technology called SiMoGraph technology.

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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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Electroplating Market Worth US$ 25 Billion by 2031, Growing at a CAGR of 4.3% From 2022

Future Market Insights (FMI) in a new study predicts the electroplating market to exhibit 3.6% Y-o-Y growth in 2021. Electroplating has become a vital application in a number of industries such as electronics, automotive, and machinery parts & components, due to its indispensable characteristics of corrosion resistance.

Rapid industrialization, coupled with high disposable income in developing countries, is fueling the demand in the automotive, electronics, and jewelry industry, which in turn has been creating opportunities for electroplating applications.

According to the report, the global electroplating market is projected to rise at a CAGR of ~4.3% during the forecast period of 2021-2031, reaching a market value of ~US$ 25 Bn by 2031. While the growth projections for electroplating market continues to be strong during the forecast period, the ongoing COVID-19 pandemic crisis is anticipated to cause a minor strain in demand.

Closure of manufacturing units and supply chain networks due to shutdowns in a number of countries is expected to affect the consumption of Electroplating in key industries like electronics, automotive and aerospace & defense. However the market is expected to recover in year 2021.

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Among various industries exhibiting demand, the automotive and electrical and electronics segment will continue accounting for the lion’s share. Of these, the automotive segment is expected to maintain dominance, accounting for above 34% of electroplating sales through 2031.

Key Takeaways from Electroplating Market Study

  • Electroplating market will continue exhibiting growth after a temporary period of lull in 2020. It is likely to exhibit 4.3% CAGR between 2021 and 2031
  • US holds 81.6% of North America market in 2021 and outlook remains positive
  • UK will register a growth of 2.8% Y-o-Y in 2021
  • Germany and France will continue exhibiting steady growth
  • JAPAN and Korea will continue to be a bright spot, yet China will hold dominance in East Asia

 “With small manufacturers eating into the market share, global players are looking into ways to improve margins by engaging in more B2C sales through collaboration with large scale end users”– says FMI analyst

Electroplating Market: Participant Insights                                              

Key global players in the Electroplating market, like Atotech Deutschland GMBH, Interplex Holdings Pte. Ltd, Kuntz Electroplating Inc., Pioneer Metal Finishing Inc., Roy Metal Finishing Inc., are focused on establishing partnerships with automotive OEMs, machinery equipment providers and electronic companies to form long term supply contracts. Manufacturers also are focusing on innovations to gain competitive advantage. For instance, Fischer has launched an innovative laser technology to improve plastic electroplating.

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Key Segments

Plating Metal

  • Gold
  • Silver
  • Copper
  • Nickel
  • Chromium
  • Zinc
  • Others

Substrate

  • Manually Operated Inhaler Devices
  • Base Metal Plating
  • Plastic Plating

Function

  • Decorative
  • Functional

End-Use

  • Automotive
  • Electrical & Electronics
  • Aerospace & Defense
  • Jewelry
  • Machinery Parts & Components
  • Others

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To Know More about Electroplating Market:

A recent market study published by Future Market Insights (FMI) on the global Electroplating market report offers insights into the consumption scenario of Electroplating on both global and regional level. The report analyses the Electroplating market demand through three segments – plating metal, substrate, function, and end-use, across six regions.

The Electroplating report also offers key insights into key growth drivers by end use, major competitors across application, manufacturer margins, and import/export scenario, along with COVID impact analysis on the market demand trend.

About 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.

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U.K. Electrical Testing Services Market Will Create Incremental Opportunity Of US$ 223.2Mn | Get Insights FMI

The global electrical testing services market witnessed year-on-year (YoY) growth of 6.3% in 2021. It is projected to grow at a CAGR of 7.1% between 2021 and 2031, reaching US$ 13.4 Bn by the end of the assessment period. The U.K. market will exhibit growth at a steady pace backed by the presence of several key players in country. Also stringent safety standards implemented across industries will position the U.K. as an attractive pocket for sales of electrical testing services. The overall U.K. market will create incremental opportunity of US$ 223.2Mn.

The market accounted for roughly 15 to 18% of the testing, inspection, and certification market as of 2020. In the same year, testing services for transformers, circuit breakers, and motors and generators accounted for 50 to 55 percent of all sales in the electrical testing services market. In comparison to the 2.1% CAGR recorded during 2016–2020, the electrical testing services market will grow at a 7.1% CAGR between 2021 and 2031, driven by the rapid industrialization and technological advancements occurring around the world.

A significant driver of market expansion is the rising demand for services like transformer testing, circuit breaker testing, and battery testing. Testing electrical equipment is essential because it is connected to other tasks that can affect how well various machines operate and other related things.

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The surge in demand for green energy or renewable energy sources like wind, solar, and hydro is another factor supporting the market’s expansion. Electrical testing services will experience a significant increase in demand in the near future along with the rise in demand for green energy.

The market for electrical testing services is being advanced by the electrification efforts of emerging economies. Aiming to provide dependable and affordable electricity to various locations around the world, the countries’ electricity infrastructure is developing at a rapid rate. This necessitates the installation of transformers and other power transmission equipment, which will directly affect the market for electrical testing services.

Rapid Urbanization to Help MEA Mark Highest Growth Rate in Coming Years

With greater scope for development, MEA stands out to be the fastest growing region in the global electrical testing services market. Growing industrialization and urbanization will support the growth of electrical testing services in the global market over the forecast period. Thus, emerging regions that are still going under the installation processes provide a better scope for electrical testing services market. According to the International Energy Agency (IEA), by the end of 2030, 600 million out of the total 674 million people without the access to electricity live in Sub-Saharan Africa, a majority of them in the rural areas.

Attributing to this, Africa provides immense opportunities for service providers to augment their business capabilities in the region. India stands out in terms of growth in electrification rate across the country. According to IEA, half a billion people have gained electricity since 2000. In India, the electrification rate is nearly about 82% and with ongoing government initiatives, India will achieve universal access to electricity by 2020s. This is expected to open up new horizons for the augmentation of the electrical testing market in India.

Certification by Testing Services Bolsters Market Presence of Companies in the Global Market

Regular testing of the huge electric equipment becomes necessary as steel plants, and other heavy industrial equipment are particularly large in size and cumbersome to handle with. Replacement of these equipment on the account of failure usually takes months or sometimes years based on the original specifications, whereas regular testing helps avoiding failures.

The testing services work in accordance with the testing standards laid down by reputed national and international accreditation bodies. The testing service providers can significantly improve its service quality and leapfrog other players in market recognition if it complies and provide certifications of InterNational Electrical Testing Association (NETA), Bureau of Indian Standards (BIS), and Electrical Research & Development Association (ERDA).

Some recent trends such as growth of transmission and distribution network are also capable of bringing in revolutionary growth of global electric testing services market. The coming years will give a clear picture of many such influencers of electrification and electrical testing services market.

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Competitive Landscape

Companies operating in global electrical testing service market are aiming at expanding their service range for precise end use. To achieve this, they are investing increasingly in R&D activities.

Electrical testing service providers are targeting end users by providing AMC for good consumer relationships. Companies are focusing on strategic collaborations and partnerships with electrical and electronic device manufacturers to expand their service and testing network.

Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services, Electric Power Systems, DNV GL, Dobel Engineering Company, Inel Power, Inser Hitech Engineers Pvt. Ltd., RESA Power LLLC, Voltech Engineers Pvt. Ltd.

About Us:

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:
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