North America Industrial Battery Chargers Market Will Account For Over 20.1% Of Overall Sales In The Market | 2022-2028

The global industrial battery chargers market is projected to witness growth at a CAGR of 8.5%, to create an absolute $ opportunity of more than US$ 2.25 Bn in 2022. The sales in industrial battery chargers are expected to exceed US$ 3.67 Bn by the end of 2028. U.S. industrial battery chargers market is expected to hold the largest share across North America. Demand for industrial battery chargers is high across the IT & data centers and energy & power sector, thereby fueling the sales.

The ongoing industrial revolution and surging digitization across the country will transform the face of industrial battery charger market. Adoption of smart grids across under-developed parts of India will continue driving sales over the assessment period. India is expected to spearhead the growth in South Asia industrial battery charger market. Growing sustainability concerns and adoption of green energy solutions in marine, oil & gas, and energy & power industries will propel the growth in the market.

Subsequently, favourable government initiatives and funding to increase the adoption of smart grids in mining, IT & data centers, and energy & power industries will aid the growth in the market. Over 1.3 million industrial battery chargers were sold in 2018, based on Future Market Insights’ most recent market research data. (FMI). The study predicts that by 2022, purchases of industrial battery chargers will rise by more than 7%.

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Rising new grid sales call for the use of secondary or rechargeable batteries for energy distribution and transmission, which strongly encourages regional and local governments to provide subsidies for the purchase of affordable alternative energy systems. According to the FMI report, this will be crucial in boosting industrial battery charger sales in the future.

As industrialization continues to generate ever-growing demand for energy storage, the industrial battery chargers are likely to witness heavy adoption. More than 35% of the global demand for industrial battery chargers is accounted by IT & data center, and energy & power industries, as indicated by FMI’s analysis.

  • SLA (sealed lead acid) batteries, representing a dominant market value share, will face strong competition from NiCd (Nickel-Cadmium) and plante batteries in coming years.
  • FCBC (float cum boost) and dual FCBC configurations are likely to emerge highly lucrative for industrial battery charger manufacturers.
  • Hybrid technology industrial battery chargers will reportedly emerge as the most attractive segment in industrial battery chargers market, within the next few years.

Favorable Government Initiatives to Accelerate Adoption of Industrial Battery Chargers

Increase in the energy distribution and transmission infrastructure backed by favorable governmental regulatory framework, and the flourishing trend of sustainability through non-conventional alternatives as energy sources are playing a vital role in establishing a strong adoption base for industrial battery chargers.

“The rate of industrial battery chargers’ procurement will significantly take off as electrification continues to receive strong governmental support. Mounting pace of the smart grid adoption across industries will remain another key factor encouraging preference for industrial battery chargers in the years to come,” says a senior market research professional at FMI.

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Asian & European Economies to Lead in Industrial Battery Chargers Market

Chinese and Indian industrial sectors continue to generate substantial demand for industrial battery chargers for a plethora of energy solutions. This according to the report is prominently pushing growth of industrial battery chargers market in APEJ. According to the report, APEJ currently holds almost a fourth of the total revenue of industrial battery chargers market.

In the light of significant efforts taken by European governments in the popularization and adoption of sustainable energy alternatives, it is highly likely that the demand for industrial battery chargers will be notable in Europe, which currently accounts for just-under a fourth of the global demand.

Although European countries leading the way for the increasing usage of renewable energy, developing countries are expected to emerge as game changers, looking at the rapidly improving emission patterns.

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Vendor Insights: Key Companies to Remain Focused on Innovation in Terms of Efficiency

The industrial battery chargers market has been cited as a fairly consolidated competition landscape. In addition to high-efficiency, easy-to-use, and easy-to-install industrial battery chargers, the prominent companies in industrial battery charger market are focusing on their capabilities to cater to diverse specifications of a wide range of operational requirements.

Moreover, high compatibility with harsh environmental conditions has emerged as a lucrative trend among leading providers of industrial battery chargers, which could potentially offer them a competitive edge over others in the industrial battery charger market.

  • The UK’s Battery Service Hub (BSH) has been delivering industrial batteries, industrial battery chargers, and a range of charging solutions for an extensive range of equipment such as forklift trucks, EVs, access platforms, floor cleaning machines, and others. The company is expected to maintain the focus on delivering high-performance, efficient battery charging profiles. BSH is cited as an important player in the rental battery charging solutions landscape.
  • The US-based EnCharge Power Systems announced the introduction of remote monitoring solutions for industrial battery charging, which allow ready remote access to real-time data.
  • Storage Battery Systems, LLC (SBS) recently announced the partnership with Systems Sunlight S.A., over the soon-to-be-launched battery technologies. With an increasing number of novel, sustainable battery technologies introduced in market frequently, it is highly likely that the key players will augment R&D investments for innovation of new battery charging technologies.

Some of the major companies active in industrial battery charger market have been covered in FMI’s report, including ABB Ltd., Hitachi ltd, Exide Technologies, ENERSYS, Delta Q, Gs Yuasa International Ltd., AMETEK. Inc, Sevcon, Crown Battery Manufacturing Company, Lester Electrical, AEG Power Solutions, and Kirloskar Electric Company among others.

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Termite Bait Products Market is Expected to Reach US$ 1.39 Bn in 2021 at 2.2% CAGR in 2031

The termite bait products market is expected to surpass a valuation of US$ 2.39 Bn at a CAGR of over 5.6% through 2031.

Evolving technology has helped players to diversify their product offerings and provide customized solutions to various industries.

At present, awareness regarding termite bait products is inadequate, which is majorly affecting the growth of the market. However, various companies are collaborating in order to spread awareness about the products available.

For instance in 2021, Insect Science released new videos on product explanation and demonstration on their YouTube channel. The videos contained detailed explanation on how does the product work and the correct way to install them in order to achieve success.

Moreover, with time and study, companies are launching diversified product range that are focused upon a particular type of termite and their behaviour. For instance, in 2017, Termites DIY Baiting System Malaysia launched their new series of product, the 2nd Edition-Moisturized White Bait that is likely to eliminate the entire colony of termites and provide with a long-term solution.

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Rise in demand in the construction industry and introduction of products that have high strength and are available at affordable cost will drive the termite bait products market.

Key Takeaways from the Termite Bait Products Market Study

  • In terms of bait system, demand for on ground bait systems is expected to grow at a CAGR of over 11.3% during the forecast period from 2021 to 2031.
  • Subterranean termites are expected to account for over 40% of sales in the market on the basis of termite type.
  • Surging application in agricultural land and crops and building infrastructure will drive sales in the termite bait products market.
  • The U.S. is expected to account for over 82% of sales in North America market by 2031.
  • Italy will account for maximum sales of termite bait products in Europe.

 “Leading companies are actively engaging in promoting and launching new products. To create awareness about termite bait products and expand their global, the market players are focusing on strategic collaborations,” says an FMI analyst.

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Impact of COVID-19 on the Market

The sudden COVID-19 outbreak had completely shut down the activities, affecting the economy of all markets. It also negatively affected the sales of termite bait products. Moreover, the temporary pause of trading between developed and developing countries led shortage of material for production thus, affecting the production capacity.

However, with the growing concerns regarding personal health and rising demand for safe environment, the sales of termite bait products has picked up. The demand for products containing organic ingredients is expected to increase at a higher rate.

Who is Winning?

Leading manufacturers of termite bait products are focusing on aggressive promotional strategies, advertisements, and new product launches to drive sales globally.

Major players present in the termite bait products market are BASF, Bayer, Decke Global, Dow, Earth Corporation, Ensystex, Exterminex, Exterra, Green Termite Bait Systems, PCT International, Pestman Co. Ltd., Shenzhen Golden Cat Environmental Technology Co., Ltd, Shouxin, Spectrum Brands, Inc., Sumitomo Chemicals Co., Ltd, Syngenta, Terminix, Termites DIY, and TrapAll among others.

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Market by Category

By Bait System:

  • On Ground
  • In Ground
    • Invasive
    • Non-Invasive

By Termite Type:

  • Subterranean Termites
  • Formosan Termites
  • Dampwood Termites
  • Conehead Termites
  • Others

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Dog Gates, Doors & Pens Market New Technological Development Projecting Massive Growth till 2031

The global dog gates, doors, & pens market to reach US$ 4.9 Bn in 2021. The market also has been forecast to exhibit growth at 6.6% CAGR between 2021 and 2031.

On the back of the aforementioned factor, demand for dog gates, doors, & pens will surge at over 6.6% CAGR during the forecast period. With increasing social media penetration, millennials are increasingly becoming aware regarding their responsibilities towards animals.

Growing adoption of dogs across the globe and technological innovation in the products are the major factors propelling growth. Increasing pet humanization among millennials, especially across India, Brazil, and Australia, are increasing the consciousness regarding the pet welfare.

Increasing initiatives undertaken by animal rights activists and growing adoption of shelter animals have encouraged the millennials to adopt dogs as pets. Thereby, increasing the sales of dog doors and pens.

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As per the FMI’s analysis, due to the onset of the novel COVID-19, the global dog gates, doors, & pens sales grew moderately as manufacturing activities were disrupted. However, adoption of pets surged, especially across India and Brazil, which boosted the demand for dog pens.

Hence, to cater the surging demand, key players relied on e-commerce giants such as Amazon and Walmart to sustain their position and generate lucrative revenues, benefiting the market.

Key Takeaways from FMI’s Dog Gates, Doors, & Pens Market Study

  • In terms of sales channel, online retail stores are expected to dominate the segment over the forecast period
  • Modern trade sales channel segment will hold the largest share in the market during the forecast period
  • Based on type, demand for electronic dog gates, doors, and pens will surge at 9.6% CAGR through 2021 & beyond
  • In terms of product, dog pens segment is expected to hold more than half of market share.
  • India and Australia are expected to emerge as the most lucrative market across South Asia and Oceania
  • Germany is anticipated to hold the largest market share across Europe, accounting for nearly one-fourth of sales.

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Who is Winning?

Some of the key players operating in the dog gates, doors, & pens market Richell Inc., Midwest Pet Products Inc., Ware Pet Products, FurHaven Pet Products, Endura Flap, Ideal Pet Products, Plexidor, Petsfit Inc., High Tech Pet Products Inc., Hale Pet Door, Takara Industry Co. Ltd., Gun Dog House Door Inc., Carlson Products, ZampaPet, and IRIS USA Inc. among others.

As per the FMI’s analysis, leading players in the market are focusing on product development, and sustainability to introduce new smart products such as smart pet doors integrated with cutting-edge technologies to expand their global footprints.

Also, the market players are adopting expansion strategies such as mergers and collaboration with local and online distributors to cater the surging need amidst the global pandemic. Industry giants are relying on digital marketing and social media platforms to reach global audience and improve their brand awareness.

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Dog Gates, doors, & pens Market by Category

By Product:

  • Gates
  • Narrow
  • Medium
  • Wide
  • Doors
  • Pens
  • Puppy Pens
  • Heavy Duty Pens
  • Convertible Pens

By Size:

  • Small-Sized Dogs
  • Medium Sized Dogs
  • Large-Sized Dogs

By Type:

  • Electronic
  • Non-Electronic

By Sales Channel:

  • Modern Trade
  • Convenience Stores
  • Care Service Centers
  • Pet Specialty Stores
  • Online Retail Stores
  • Other Sales Channel

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Motocross Gears Market Future Scenarios, Growth and Analytical Insights – 2031

The motocross gears market is expected to surpass a valuation of US$ 12.5 Bn at a CAGR of over 7.5% through 2031.Expansion of automobile industry and growing popularity of off-road and motocross sports are propelling the sales of motocross gears.

With rising cases of fatal accidents, helmets have become the preferred choice of riders in gears. Furthermore, stringent government rules regarding the consequences of not wearing a helmet are being seriously considered by motocross riders, leading to spike in the sales of motocross gears. .

Over the years, increase in motocross and dirt-bike racing activities has fuelled motocross gears sales. As awareness of safe riding is increasing among the riders, demand for riding gear such as jerseys, jackets, and pants is also aiding market growth.

Extremity injuries are common in motocross accidents, according to a survey published by the Digital Common Organization. According to the National Centre for Biotechnology Information (NCBI), the overall incidence of motocross injuries is more than 90 per thousand.

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Such findings are assisting in improving awareness among motocross riders. This also is spurring the demand for protective gears. Backed by these factors, the market is set to witness substantial growth over the coming years, reaching a shipment of 57,326 units through 2031.

 Key Takeaways from the Motocross Gears Market Study

  • In terms of product type, helmets are expected to dominate the market, registering growth at 15.7% CAGR through 2031.
  • The U.S. will lead the North America market, which will continue to be the focal centre of the world’s largest motocross gears market.
  • Increased demand for protective gear such as armoured jackets, back protectors, and other similar items will help manufacturers thrive.
  • Germany is expected to maintain its dominance as the world’s second largest motocross gear market
  • Asia Pacific will emerge as the world’s fastest-growing motocross gear market, with India and China leading the region’s growth.
  • The U.K., France, Canada, and Japan will be in the spotlight for motocross gear industry stakeholders.
  • Men’s demand for motocross gear is surging, propelling sales across the globe.

 “As there has been a notable surge in number of professional motocross riders, extensive adoption of a wide range of riding and protective gear is on cards. This trend is spurring the sales of motocross gears across the globe. Additionally, manufacturers are adding fashionable items to their portfolios in order to woo riders, which is create impressive scope for expansion,” says an FMI analyst.

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Impact of COVID-19 on the Market

The coronavirus outbreak has created a collapse in the economy by interrupting business activities across a wide range of industries. The retail industry has suffered a setback. Fall in aggregate discretionary spending represents a temporary challenge for market participants.

Consumers were subjected to the strictest limitations, resulting in a significant drop in revenue increase year over year. Due to global lockdown, complete shutdowns of all industries, and downturn in the industrial environment, productivity suffered during the epidemic. The sales were bracketed by online retailing.

As a result, players are focusing their efforts on growing internet penetration, as this allows them to reach a wider consumer base faster and at a lower cost.

Who is Winning?

Leading manufacturers of motocross gears are focused on differential strategies and advertisements that have driven sales growth of motocross gears globally.

Major players present in the motocross gears market are O’NEAL USA, Scott Sports , Aero Stitch, Fox Racing, Answer Racing, AGVSports America LLC, FLY Racing, Joe Rocket Jackets, Ride Icon, Dainese, Shift MX, TacknRider, Fox Head Inc., LeMans Corporation, ACERBIS, AXO, LSD Industries, LLC, KTM Sportmotorcycle GmbH, and Troy Lee Designs among others.

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About Consumer Products division of FMI

Expert analysis, in-depth insights, and strategic recommendations – the Retail & Consumer Products team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 500+ reports, the team has analyzed the consumer goods industry lucidly in 80+ countries for over a decade. We provide end-to-end research database on retail & consumer products market and consulting services; reach out to explore how we can help.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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Demand In China Hydrostatic Testing Market Is Expected To Increase By 3.0% CAGR Between 2022 And 2028

The global business is anticipated to witness a considerable value CAGR of 4.8% during the period 2022 and 2028. Hydrostatic testing is the most common method for inspecting meter skids, compressed gas cylinders, pressure relief valves, boilers, tubing, pipelines, and other pressurized containers for leaks and structural integrity.

Demand for building supplies and services has increased as a result of China’s infrastructure development. The expansion of the residential sector and the resulting rapid population growth necessitate a steady supply of water, which is what is driving the hydrostatic testing market’s expansion in China.

The private sector is becoming more aware of water management, which is boosting the country’s market growth in addition to the government’s increased interest in water management projects. China is anticipated to maintain a sizeable market share in the global hydrostatic testing market throughout the anticipated time frame. Throughout the forecast period, the hydrostatic testing market in China is anticipated to expand at a CAGR of 3.0%.

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Due to rising demand from end-use applications, FMI has determined that North America will continue to be a significant market for hydrostatic testing over the forecast period. The hydrostatic testing sector is predicted to grow at a CAGR of 5.9% in the region. It’s typically used to test low-pressure stainless steel canisters as well as determine whether or not the equipment has any leaks at the time of the test and whether or not it’s safe to return to operation.

Hydrostatic testing is a way to ascertain strength and leaks in pressure vessels such as pipelines, gas cylinders, boilers, and fuel tanks. In the pipeline industry, hydrostatic testing presents unique safety, environmental and community liaison challenges. However, outside the pipeline industry, there is considerably lean understanding of hydrostatic pressure testing of existing pipelines.

Moreover, the demand for hydrostatic testing is notably high in the oil and gas industry, in the wake of increasing upstream and downstream oil and gas exploration and drilling activities that requires rigorously constructed and designed pipelines. Considering the impact that pipeline failures can have on economy, environment, and human life, the demand for hydrostatic testing is significantly high in the oil and gas industry.

North America and MEA are expected to be key regions in the hydrostatic testing market during the forecast period owing to increasing investments across oil and gas industry in these regions. With the growing oil reserves across various regions, especially MEA, the demand for pipeline and vessel testing services is expected to increase, which in turn, will escalate the demand for hydrostatic testing equipment across the region.

North America, on the other hand, dominated the global natural gas production as well as consumption in 2017. With growing consumption and production of natural gas, coupled with safe operations of gas pipelines, demand for hydrostatic testing is expected to remain high, in the region.

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Investments in oil and gas exploration and drilling activities in Mexico and Brazil are surging, which in turn, is projected to create opportunities for hydrostatic testing providers and significant competition for foreign investors, in the Latin American region. Pumps are a widely used test equipment and is likely to dominate the global hydrostatic testing market with more than 3/4th of the overall market share by the end of the forecast period, in terms of product.

These pumps are primarily designed to test plumbing lines, pressure vessels, water meters, sprinkler and solar systems across various industries. Moreover, powered hydrostatic testing compared to manual variants is projected to dominate the global hydrostatic testing market owing to its smooth functioning, lying in the high growth – high value quadrant throughout the forecast period.

Competitive Landscape:

New product development, in terms of testing pipelines and pipe systems is also projected to remain key forward market strategy adopted by players in hydrostatic testing market. Moreover, government regulations such as U.S DOT and PHMSA, are expected to create growth opportunities in the hydrostatic testing market. Key players in the global hydrostatic testing market include Curtiss-Wright Corporation, Galiso Inc., Rice Hydro, H. Lorimer Corp, and Cosmo Instruments Company Limited.

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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Reusable Incontinence Products Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast 2031

The reusable incontinence products market. is estimated to reach US$ 616.9 Mn in 2021. Conventionally, disposable incontinence products have dominated the industry. The recent wave of sustainability has transformed the prevailing dynamics, shifting consumer inclination from disposable and easy-to-use products to washable, reusable, and environment-friendly products.

The incontinence system waste consists of approximately 53% water, 30% wood fiber, 11% plastic, 2% Super Absorbent Polymer (SAP) and 4% feces and other material.

Through the recovery of fibres, plastics and super-absorbing polymers, the implementation of waste treatment technology is a clear example of sustainable development. In a bid to lessen the burden of waste accumulation, manufacturers have adopted the equally efficient but more sustainable approach involving use of reusable incontinence products, thus driving the market demand further.

Modern absorbent hygiene products (baby diapers, adult incontinence and feminine hygiene products) improve quality of life, provide great protection, and can support the skin health of millions of people; however, at the cost of environment. Absorbent hygiene products (AHPs) have become essential everyday products to society and their use has increased substantially.

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Focus on Sustainability to Have Considerable Impact

Manufacturers are aligning the development of products with a sustainable approach to gather an audience.Brands suggest mix-and-match use of reusable as well as disposable products to improve the sustainability quotient of the approach towards battling incontinence, without compromising on efficiency and convenience associated with the use of products.

Natural claims have, apart from being important product purchase drivers when combined with product efficacy claims and brand identity, triggered the sustainability quotient. Consumers also have begun demanding full transparency from personal care product manufacturers on their sourcing methods, product, ingredients and sustainability practices. The pressure on these brands and manufacturers to demonstrate their social and environmental credentials is increasing; so more of them are finding ways to transform their own brands through sustainability-focused products, services and consumer experiences.

NHS Inform (2020) estimates that three million to six million people in the UK experience urinary incontinence and that demand for continence products is likely to rise because risk factors for incontinence are increasing. It also emphasizing on reduce, reuse and recycle approach.

This change in consumer buying preference has encouraged the players in the market to stimulate innovation and expand the portfolio, tapping the unexposed segments of the industry and as a result escalating the demand over the forecast period.

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In terms of product type, reusable briefs account for a notable share, followed by reusable incontinence pads. Reusable pads and liners are economically viable and can be effectively used along with the normal underwear; hence, the growing demand.

Key Takeaways from the Reusable Incontinence Products Market Study

  • Reusable incontinence products sales to surge at a consistent pace, exhibiting 5.9% CAGR between 2021 and 2031
  • Rising cases of urinary incontinence fuelling sales in the U.S., which will account for nearly 85% of North America market
  • Increasing internet penetration and expansion of online retailing supporting growth in Germany and France
  • Rising geriatric population creating lucrative scope for expansion in China
  • High cost of incontinence products might remain a key challenge in India

“Manufacturers operating in the market are focusing on offering greater sustainability. Product launches have therefore become common. These are primarily intended to offer improved patient care”says an FMI analyst.

Who is winning?

Key playersin the reusable incontinence productsmarketareKimberly-Clark Corporation, The Proctor & Gamble Company, MediFabrik SRL, Cardinal Health, Inc., Essity AB, Medline Industries, Inc., Ontex International N.V., Attindas Hygiene Partners, Activ Medical Disposable, Paul Hartmann AG, Nexwear, Prime Life Fibers, Royal Medical Solutions, Inc., Abena Group, Unicharm Corporation, Prevail, and Dryloch Technologies NV, among others.

Targeted and unique product offerings are being introduced into the market in order to attract the attention of a specific community. For instance, Depend and Poise brands of Kimberley-Clark developed guards and shields to assist the needs of male sufferers of light bladder leakage deal with the condition. The products are designed to fit a man’s body and can be worn securely in man’s own underwear.

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Earlier, men with light bladder leakage were neglected by the industry resulting in the use of products designed initially for women. Such targeted product innovations on the manufacturer’s end have taken the onus for improved personal hygiene across demographics.

Reusable Incontinence Products Market by Category

Product Type

  • Adult Cloth Diaper
  • Reusable Incontinence Pads
  • Reusable Underpads
  • Reusable Briefs

End User

  • Men Reusable Incontinence Products
  • WomenReusable Incontinence Products
  • KidsReusable Incontinence Products

Price Range

  • Mass/ Economic (US$ 10-75) Reusable Incontinence Products
  • Premium (US$ 75 & Above)Reusable Incontinence Products

Size  

  • SmallReusable Incontinence Products
  • MediumReusable Incontinence Products
  • LargeReusable Incontinence Products
  • X-Large Reusable Incontinence Products

Sales Channel

  • Direct Sales
  • Hypermarkets/ Supermarkets
  • Convenience Stores
  • Departmental Stores
  • Mono brand Stores
  • Specialty Stores
  • Drug Stores
  • Online Retailing
  • Others

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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

Flooring and Carpets Market New Technological Development Projecting Massive Growth till 2031

The Global flooring and carpet sales will grow at a healthy CAGR of over 5% through 2031, despite a period of muted growth in 2020, according to a latest study by ESOMAR-certified market research firm, Future Market Insights. The study tracks flooring and carpet sales in 20+ countries, offering a lucid analysis on how growth will unfold.

The study reveals that sustainability has come to the forefront rather than an afterthought as a legion of carbon-conscious consumers demands products which are in line with issues they care about. Sustainability is an irrefutably significant thought for designers and architects, as well as for the customers they design for. Due to the insignificant waste that produce in installation of flooring and carpet, choosing them for further design implies the companies as of now on the way to sustainability.

Currently, modular carpets and carpet tiles have become increasingly popular, especially for application in commercial spaces, hospitality, and in healthcare and hospitals due to easier installation and significant degree of customization with respect to material and size. Further, many flooring and carpet manufacturers globally are using bitumen and PVC in their flooring and carpet backing, which help the manufacturers to reduce expenses.

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Moreover, introduction of plant fibers such as sea grass and sisal aimed at eco-friendly appeal and use of chemical additives in fiber materials to impart flame retardant, anti-microbial, pest repellant properties etc. In terms of carpet manufacturing technology, tufted, woven and needle felt types are employed, of which tufted type is being used primarily.

FMI in its latest study has forecast the market to rise at a CAGR of 5.1% between 2021 and 2031.

Key Takeaways from the Flooring and Carpet Market Study
  • Application in education, hospital and healthcare sectors will continue to create sustained opportunities for flooring and carpet industry manufacturers during the forecast period
  • Modern aesthetics, durability, and easy maintenance key influencing factors for consumers
  • Increasing tourism, planned world events such as Qatar FIFA World Cup 2022, ICC Cricket World Cup 2023, etc. are expected to fuel continuous revenue growth of hospitality and retail segments in Middle East and South Asia, thus in turn driving demand for flooring and carpets in the region.
  • Hospitality and retail segments typically witness stronger growth as compared to other applications due to demand based on a shorter lifecycle and more renovation.
  • Public, manufacturing, and industrial segment is expected to grow in terms of revenue, backed by robust foreign investment and government investment in infrastructure.
  • US holds the largest share in the global flooring and carpet market owing to rapidly expanding hospitality as well as retail business and commercial sector in the region.

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Who is winning?

Some of the key players operating in the flooring and carpet market are Mohawk Industries Inc., Interface Inc., Beaulieu International Group N.V., Tarkett S.A., Balta Group, Shaw Industries Group Inc., ALSORAYAI Group, Forbo Holding AG, Armstrong World Industries LLC, Gerflor Group, Oriental Weavers Group, Al Abdullatif Industrial Investment Company (AIIC), Polyflor Ltd., Brintons Carpets Limited, Milliken & Company Inc., and Betap Tufting B.V.

  • On October 2020, Interface Inc. launched its first carbon negative carpet tile styles “Embodied Beauty” with the idea of working in alignment with nature. This would help the company to be consistent in its mission of Climate Take Back to lower the carbon footprints of its products.
  • On 10 July 2020, Tarkett S.A. entered into a strategic partnership with Clean Hospitals with an objective to contribute in the improvement of hospital hygiene and to promote effective, and sustainable based cleaning guidelines. This collaboration would bring improvement in environmental hygiene which is expected to benefit the public health by lowering rates of healthcare-associated infections and reducing antimicrobial resistance.
  • On October 2020, in the 15th  Annual w3 Awards Shaw Industries Group Inc. received Gold and Silver honors, by the Academy of Interactive and Visual Arts.

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Key Segments

Flooring Type

  • Carpets
    • Tufting
    • Woven
  • Rugs
    • Accent Rugs
    • Area Rugs
    • Other Rugs
  • Artificial Grass
  • Carpet Tiles
  • Vinyl Flooring
  • Laminate Parquet Flooring

Material Type

  • Polypropylene
  • Nylon
  • Polyester
  • Others

Application

  • Residential
  • Commercial Offices
  • Retail
  • Hospitality
  • Healthcare and Hospitals
  • Educational Institutes
  • Automotive
  • Industrial
  • Others

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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

Paint Ingredient Market Comprehensive Research Study and Strong Growth in Future 2032

The global paint ingredient market is expected to grow at a stagnant CAGR of 3.2% over the projection period from 2022 to 2032. The global market is expected to reach US$ 1,630 Million in 2022 and is likely to surpass a valuation of US$ 2,230 Million in 2032. As per historic estimations, the global market is predicted to display a growth rate of 2.5% from 2016 to 2021.

The growth in the market is attributed to their odorless characteristics and their potential to have less impact on the environment, eco-friendly paints have become increasingly popular. Consumers are increasingly shifting towards environmentally friendly products as they are gaining traction which is considered to be an instrumental factor in the growth of this market.

Paint manufacturing is one such industry that relies on automatic control technologies. When it comes to the paint industry, the composition of the paint holds the utmost importance. A wide range of methods is being employed in order to overcome this particular problem. Earlier, painting composition was done manually but sometimes didn’t meet the required color. In order to solve the manual paint composition problem, automatic paint preparation techniques are employed.

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Paint mixers are expected to account for a reasonable market share in the near future since FMCG companies in India China, and Singapore continue to expand their operations in these countries. The market is also anticipated to be benefitted from surging industrialization, increasing government infrastructure spending, and increased foreign direct investment.

Owing a wide array of smart dispensing solutions is making it hard to select the perfect paint mixing machine. While making a decision to invest in automatic ingredients, it is imperative to consider a few crucial parameters, incorporating the growth plan, customer requirements, enterprise outcomes, and the total cost of ownership. Paint ingredients are utilized for the efficient mixing of different colors of paint in an accurate proportion, based on various formulas.

A professional painter, a DIYer, or any other end user uses the product after mixing it for painting. With people around the world changing the aesthetics of their homes, offices, and other establishments at a rapid pace, the world of interior design and décor is growing at an incredible rate. With the emergence of modern paint ingredients, users can easily customize the exact color of their space with paint. Paint is considered a brilliant way to transform a space’s visual appeal.

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Key Takeaways

  • Paint mixers are considered to be one of the most profitable businesses at present. Several aspects of the economy require a massive amount of paint. In addition to that, the surging technological advancements have led to the innovation of products such as automatic paint mixers, and other products are expected to boost future growth.
  • Over recent years, the popularity of eco-friendly paints has gained immense traction because of their odorless qualities and lower negative environmental impact. The market is rapidly growing as consumers become more conscious about their surroundings. With increasing technological advancements, automatic paint mixers have been developed to reduce labor and worker intervention in paint mixing. In the newly developed and advanced automatic mixer, powders and pigments are blended with polyurethane, epoxy, polyester, and acrylic resins without the presence of any air.
  • Owing to the surge in DIY projects along with rising experimentation with paints have often been driven by rising social media trends. This has resulted in supporting the growth of the market for paint ingredients. Several users are experimenting with unique color combinations, textures, and even scents that can be incorporated into their paint with effective paint Ingredients.
  • Moreover, the market is expected to benefit from the rising consumption of automotive, construction, and general industrial products. Countries with rising urbanization and industrialization such as India, China, and Southeast Asia, are expected to see a rapid rise in the demand for products in various applications.

Competitive Landscape

Key market players are focusing on rising technological advancements and adopting various strategies like acquisitions and mergers, research and developments to gain an edge over the market.

More Insights into the Paint Ingredient Market

According to the FMI estimations, North America is anticipated to dominate the global paint ingredient market as the region is expected to account for a total of 22% of the global market share in 2022. Due to the presence of several prominent market players in the region, the market is expected to prosper in the region.

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Key Segments Profiled in the Global Paint Ingredient Market

Paint Ingredient Market by Product Type:

  • Automatic Paint Ingredient Mixer
  • Manual Paint Ingredient Mixer
  • Semi-Automatic Paint Ingredient Mixer

Paint Ingredient Market by Application:

  • Paint Ingredient for House Decoration
  • Paint Ingredient for Paint Manufacturer
  • Paint Ingredient for Paint Users
  • Paint Ingredient for Other Applications

Paint Ingredient Market by Material:

  • Wood-based Paint Ingredients
  • Metal-based Paint Ingredients
  • Steel-based Paint Ingredients
  • Plastic-based Paint Ingredients
  • Other Materials-based -based Paint Ingredients

Paint Ingredient Market by Sales Channel:

  • Paint Ingredient Sales via Hypermarkets/Supermarkets
  • Paint Ingredient Sales via Departmental Stores
  • Paint Ingredient Sales via Convenience Stores
  • Paint Ingredient Sales via Specialty Stores
  • Direct Paint Ingredient Sales
  • Paint Ingredient Sales via Online Retailing
  • Paint Ingredient Sales via Other Sales Channels

Paint Ingredient Market by Region:

  • North America Paint Ingredient Market
  • Latin America Paint Ingredient Market
  • Europe Paint Ingredient Market
  • Asia Pacific Paint Ingredient Market
  • Middle East & Africa Paint Ingredient Market

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About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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

Ecotourism Market is Projected to Grow by 15% CAGR Between 2021-2031

The ecotourism market size is projected to grow by 15% CAGR by the end of the year 2031. In 2021, the market value will surpass US$ 17 Bn, finds Future Market Insights (FMI) in its latest study.

FMI projects the education sector to significantly contribute towards the ecotourism market growth. The relationship between education and ecotourism is concerned with ensuring that organisations deliver effective interpretations of cultural, resource management, and environmental values.

Education with ecotourism is not only one way of transfering knowledge or information but it is about understanding and learning in a manner that personally involves ecotourism in an enjoyable and interesting manner.

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Ecotourism provides a great opportunity to learners and students to receive education and gather knowledge along with personal and professional growth. It can help instil values in students that will lead to their involvement in environmental and other social issues in the future.

Governments around the world are adopting various initiatives to support the safety and security of tourists. The provision for better security to ensure the safety of tourists is enhancing the scope of tourism by boosting the number of visits from tourists from across the globe.

Also, steps taken by governments to preserve nature will present a conducive environment for the ecotourism market growth. They are also focusing on improvements in the agro-industry, as they have understood the importance of creating a sustainable environment. These initiatives have majorly boosted the market for ecotourism in the world.

Key Takeaways from the Ecotourism Market Study

  • North America, Europe, East Asia, and Oceania among others are the top-visited destinations for ecotourism.
  • The United States, the United Kingdom, China, and Australia among others are the most popular countries in the ecotourism market.
  • The demand for ecotourism will be higher among people aged between 26 years and 35 years.
  • Natural and wildlife ecotourism demand will rise considerably in the coming years.
  • UAE will emerge as a popular ecotourism destination backed by favourable government initiatives.

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Impact of COVID-19 on the Market

The novel coronavirus outbreak had caused an economic downturn by disrupting corporate operations in the tour and travel industry. Tourists dependent countries felt the negative impacts of the pandemic longer than other economies.

As per the UNWTO, 100 to 120 million direct tourism jobs (including labour-intensive accommodation, food services industries and other transport industries) were at risk. Even after vaccination, somewhere people are scared about another wave of coronavirus in the countries like France and China, which is restricting people to go on foreign tours.

Who is winning?

Players in the ecotourism market are adopting a virtual and online approach to connect with potential tourists. A few key players in the ecotourism market are Eco Travel and Tourism LLC, Big Five Tours & Expeditions Inc., G Adventures, Praxis Holidays LLP, Greenloons LLC, Aracari, Adventure Alternative Ltd, Responsible Travel, Steppes Travel, Great Canadian Trails, Tropical Rainforest Education and Exploration, Windmill Holidays, Farhat Tours & Transfers S.P.C., Intrepid Travel, Frosch International Travel, GeTS Holidays, Midnight Sun Travel, TRUE ECUADOR TRAVEL, and Royal Arabian Destination Management among others.

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Global Ecotourism Market by Category

By Type:

  • Nature & Wildlife
  • Cultural
  • Rural

By Tour Type:

  • Independent Traveler
  • Tour Group
  • Package Traveler

By Tourist Type:

  • Domestic
  • International

By Consumer Orientation:

  • Men
  • Women
  • Children

By Age Group:

  • 15-25 Years
  • 26-35 Years
  • 36-45 Years
  • 46-55 Years
  • 56-65 Years
  • 66-75 Years

By Region:

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

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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

Aquarium Hydrometers Market is Anticipated to Touch a Value of Nearly US$ 2.2 Mn in the year 2032

The aquarium hydrometer market size is forecast to reach US$ 1.1 Mn in 2022. Sales are projected to increase at a 7% CAGR, with the market size reaching US$ 2.2 Mn by 2032

Fish should be bred in wild water species because they are sensitive to temperature changes in their environment. If the aquarium is too chilly, the fish will be agitated and vulnerable to parasite infection; conversely, if the aquarium is too warm, the dissolved oxygen levels will drop quickly, leading to the fish choking in the aquarium. A suitable system for controlling temperature and salt must therefore be implemented. Aquarium equipment are therefore necessary.

The global market for aquarium accessories has been more and more well-known over the years as a result of people’s growing curiosity with the underwater world and how it affects the ambiance in homes and other residential and commercial areas. Aquariums have evolved into a significant opportunity for the younger generation to interact with nature, as well as a source of information about aquatic animals.

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The pastime of keeping fish has gained popularity recently among individuals all over the world, which has led to a rapid expansion of the aquarium accessory market. One of the most beautiful living decorations that can be found in any house, hotel, restaurant, or other place is a well-kept aquarium.

Sales of aquarium hydrometers for home aquariums are anticipated to increase as a result of the growing trend of pet humanization. Additionally, growth in the pisciculture industry across emerging economies will support demand throughout the projected period, predicts an analyst for FMI.

Key Takeaways:

  • Based on sales channel, demand for aquarium hydrometers at online channels will remain high.
  • In terms of product type, sales of swing arm hydrometers will continue gaining traction.
  • The U.S. will dominate the North America aquarium hydrometer market over the forecast period.
  • China will emerge as a lucrative pocket, accounting for a dominant share in the East Asia aquarium hydrometer market.

Competition Landscape

Leading companies in the aquarium hydrometer include

  • Tropical Marine Centre Ltd.,
  • PetSmart, Petco,
  • Petland,
  • Juwel Aquarium, and
  • Tetra.

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Aquarium Hydrometer Market by Category

Product Type:

  • Swing arm hydrometers,
  • Floating hydrometers

Application:

  • Seawater Aquarium
  • Freshwater Aquarium

End Use:

  • Residential
  • Commercial

Price Range:

  • Low
  • Economy
  • Premium

Sales Channels:

  • Wholesale distributors
  • Specialty Stores
  • Supermarket/Hypermarkets
  • Aqua specialty Centre
  • Aquarium shops
  • Pet Care Shops
  • Online Retailers
  • Other Sales Channel

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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