Market Research Blog – Page 9428 – New Product Development

Stainless Steel Welded Pipe Market to Grow At A 4.6% CAGR Through 2031, Exclusive Report by FMI

Global stainless steel welded pipe market is expected to reach US$ 16.36 Bn in 2021 with a stable long-term projection, according to latest insights from Future Market Insights, an ESOMAR-certified research and consulting firm. The report offers analysis of 20+ high-growth markets, providing detailed insights on the stainless steel welded pipe market’s growth in the next decade.

Since a few years, the stainless steel welded pipe market has grown at a rapid pace. This upward trend is expected to continue due to increased demand from the construction and automotive industries. Other applications for stainless steel welded pipes include petrochemical and fertiliser, oil and gas, and water supply and distribution.

Stainless steel’s superior physical and chemical properties, such as high ductility, resistance to high temperature ranges, and corrosion resistance, have enabled favourable sales growth.

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Since a few years ago, the stainless steel welded pipe market has experienced impressive growth. It is anticipated that this growth trend will continue because of rising demand from the construction and automotive industries. Other applications for stainless steel welded pipes include petrochemical and fertiliser, oil and gas, and water supply and distribution. The superior physical and chemical properties of stainless steel such as high ductility, resistance against high temperature ranges, and corrosion resistance have enabled favorable growth in the sales.

Surge in demand for stainless steel welded pipes from applications such as oil and gas will remain a chief growth driver due to the presence of oil rigs all over the globe. For the transportation of the fluid from one place to another, large quantity of pipes are required, which will drive the sales in the market. The same applies with the water supply and distribution segment because the demand is expected to surge amid rising need for uninterrupted water supply.

The replacement of old pipes with new stainless steel welded pipes can also provide a boost in the sales of stainless steel welded pipes. The substantial increase in the demand from the supplier side and from the end-use industries across the globe is propelling the stainless steel welded pipe market growth.

The use of stainless steel welded pipes in construction and automotive and power generation applications will create solid opportunities for growth. According to FMI, the construction sector is expected to account for nearly 29% of sales in the market by 2031. Investment in residential, commercial, and infrastructural construction projects will increase in the future, paving way for the expansion of the market.

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Key Takeaways

Stainless steel welded pipe market is expected to grow at 4.6% CAGR between 2021 and 2031
Investment in construction projects will remain a chief growth driver in the U.S., enabling it to account for nearly 72% sales in North America
Focus on improving public infrastructure will drive growth in the U.K. market at 5.5% CAGR between 2021 and 2031
India is expected to register increasing investment in water supply and distribution to ensure safe drinking water to all citizens and support industrialization. This will create attractive opportunities for stainless steel welded pipe sales
China will emerge as a highly lucrative market in East Asia, accounting for maximum sales of stainless steel welded pipes

“As competition continues to grow, companies operating in the market are likely to adopt strategies for strengthening their global footprint. Besides expanding operations across emerging nations, they are likely to focus on launching better quality stainless steel welded pipes to gain competitive edge” says FMI analyst.

Stainless steel welded pipe market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of construction, oil & gas and water supply and distribution, majorly focusing on the outer diameter required for the specific applications. Collaboration with local players and developing new technology in the form of advanced stainless steel welded pipes is a prime strategy expected to increase in popularity in the forecast period.

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Competitive Landscape

The market is fragmented, with key players accounting for approximately one fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd. & others.

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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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Below 30 Hp Centrifugal Water Pump Market Is Expected To Expand At A CAGR Of 5.3% | Future Market Insights

The below 30 Hp centrifugal water pump market is anticipated to increase, from US$ 37.1 million in 2022 to US$ 68.95 million in 2032. According to FMI, the market is expected to expand at a CAGR of 5.3% over the course of the projected period.

The demand for affordable and energy-efficient centrifugal water pumps is expected to rise over the forecasted period due to rising energy prices and growing environmental consciousness among end users.

With the increased capacity and efficiency required for residential and agricultural applications, sales of centrifugal water pumps under 30 HP are expected to rise.

The market is expanding primarily as a result of increased investments in infrastructure and housing construction. Because of the expansion of the water supply network and the increase in agriculture initiative operations, there is a growing demand for centrifugal water pumps with less than 30 HP.

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Below 30Hp centrifugal water pumps are the most used types of pumps in the world due to robust and effective nature. Below 30 Hp centrifugal water pumps find application in various large and small scale industries such as chemicals, construction, waste water treatment and agriculture. On the basis of application type, the market has been segmented into industrial, agriculture and domestic use. The domestic application segment accounted for around 40% revenue share of the overall Egypt below 30Hp centrifugal water pump market in 2014, and is expected to register a CAGR of 4.8% over the forecast period.

Agriculture application is estimated to grow at the fastest CAGR during the forecast period. Every application segment is further sub-segmented into monobloc, mini pump and submersible pump. Submersible pumps are widely preferred for all the above mentioned applications; however, monobloc pumps is expected to register a high CAGR over the forecast period. Submersible centrifugal water pumps are widely preferred in Egypt, and account for over 50% share of the Egypt below 30Hp centrifugal water pumps market.

This report covers trends driving growth of each segment and respective sub-segments and offers pricing analysis and insights for each pump type and their respective capacities. From the capacity perspective, segmentation is done on the basis of horsepower for all three types of pumps. A detailed pricing analysis is done for the same. The 25 to 30 Hp pump in the monobloc and submersible pump category are more preferred, while the 1 to 2 Hp capacity pumps account for over 50% share in the mini centrifugal water pump category.

Increasing investment in housing construction, infrastructure development, expansion of water supply network and increase in agriculture initiatives are some of the macro-economic drivers for the Egypt below 30Hp centrifugal water pump market. Political instability and price volatility are some of the factors restricting growth of the Egypt below 30Hp centrifugal water pump market. Prices of China-made centrifugal water pumps are relatively lower and this is one of the major concerns for global and regional players operating in this market. Adoption of photovoltaic powered centrifugal water pumps and solar powered centrifugal water pumps is trending in the Egypt below 30Hp centrifugal water pumps market.

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Key players in the Egypt below 30Hp centrifugal water pump market include Grundfos, KSB Pumps, Xylem Inc., Wilo, Flowserve Corporation, Calpeda and Omega Engineering Egypt. Egypt centrifugal water pump market is largely dominated by regional and local players, and these collectively account for around 70% share of the total centrifugal water pump market. Grundfos accounts for largest share among all others, followed by KSB Egypt and Wilo.

Key Players

Major players in the below 30 Hp centrifugal water pump market in Egypt include Grundfos, KSB Pumps Ltd., Xylem Inc., Wilo SE, Flowserve Corporation, Calpeda S.p.A, and Omega Egypt Co. The centrifugal water pump industry in Egypt is largely consolidated, as the regional and local players hold a collective revenue share of 70% of the total centrifugal water pump market in the country. Grundfos accounts for largest share in the centrifugal water pump market, followed by KSB Pumps Egypt and Wilo SE.

Key segments

By Application:

Industrial
Agriculture
Domestic

By Product:

Mini Pumps (0.5-30 HP)
Monobloc Pumps (0.5-30 HP)
Submersible Pumps (0.5-30 HP)

By Capacity:

0.5 Hp (minimum)
30 Hp (maximum)

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Radial Compression Devices Market to surpass US$ 504.0 Mn by 2031, Says FMI

According to a recent market study by Future Market Insights (FMI), the global radial compression devices market is predicted to reach US$ 504.0 Mn by 2031, valued at US$ 232.5 Mn in 2022.

A radial compression device is a band that is placed around the wrist to lessen the risk of radial artery blockage following invasive cardiac operations. This device is used to stop bleeding following an angiography or angioplasty procedure.

In recent years, the global market for radial compression devices has greatly evolved. These have been strengthened by the development of technology that accelerate the time it takes to reach hemostasis, enhance the process, and lower the risk of radial artery occlusion (RAO). RAO concerns have been a major source of worry when accessing the transracial artery for cardiac catheterization, resulting in the development of the radial compression device market.

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“Growing number of percutaneous coronary intervention procedures (PCI), acceptance of compression devices for surgical and diagnostic cardiology interventions, new product launches and approvals – leading to greater availability in both established and emerging economies are factors driving the growth of radial compression devices market.”

Furthermore, the advantages of radial access in a percutaneous coronary intervention (PCI) procedure are expected to drive the market growth. Radial access allows patients to move more quickly, the incision is smaller, and the chances of infection at the site are much lower than with trans-femoral access.

Key Takeaways from Radial Compression Device Study:

Band/Strap based products provides rigid wrist support, and improved patient comfort which leads the segment to account for the maximum share of 8% in 2021, expanding at 9.7% CAGR during the forecast period.
Disposable devices accounted for 92.9% of the market share in 2021 indicating highest demand by usage segment due to ease in use and cost effective and being mainly used in gaining and maintaining the hemostasis of the radial.
With the increasing diagnosis rather than surgical intervention the diagnostic intervention, by application held the largest share of 50.5% in 2021 and is expected to grow with the same trend by 2031.
North America held the largest share of 40.5% of the global radial compression devices market in 2021 indicating the growth due to geriatric population and growing demand for advanced medical technology in North America.

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Who is winning?

The key market players covered by FMI include leading companies of radial compression devices are Terumo Corporation, Merit Medical Inc., Abbott Laboratories, Vascular Solution, Advanced Vascular Dynamics, Conmed B.V., Beijing Demax Medical Technology, Teleflex Incorporated, Forge Medical Inc., TZ Medical Inc., Semler Technologies, MedPlus Inc., Lepu Medical, Cardinal Health, and Vygon.

Some of the leading manufacturers in the radial compression devices market are working to develop their technologically advanced product in order to improve the efficacy and safety profile for patients. Interventional cardiologists and radiologists in the healthcare industry profit from continuous technological advancements made by few of these players. Furthermore, manufacturers are also focusing on mergers and acquisitions with global expansion objectives, thereby, enhancing their market presence.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2031. The global radial compression devices market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader. The study provides compelling insights on radial compression devices segment based on Product (Band/Strap based radial compression devices, knob based radial compression devices, plate based radial compression devices), Usage (Reusable, disposable), Application (diagnostic intervention, surgical intervention), end user (hospitals, independent catheterization labs, ambulatory surgery centers, specialized centers) across seven major regions.

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Radial compression devices Market by Category

By Product:

Band/Strap based radial compression devices
Knob based radial compression devices
Plate based radial compression devices

By Usage:

Disposable Devices
Reusable Devices

By Application:

Diagnostic intervention
Surgical intervention

By End User:

Hospitals
Independent Catheterization Labs
Ambulatory Surgery Centers
Specialized Centers

Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

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Underground Mining Equipment Market 2022 Assessment and Key Insights Analyzed Till 2029

Future Market Insights (FMI), in its new study, evaluates the ongoing developments in the underground mining equipment market and projects their impact on the growth of the market between 2022 and 2029.

The study projects that the sales of underground mining equipment valuation is projected to reach US$ 18.8 Bn in 2031. However, the market value is likely to grow at a passive CAGR of 2.4% through 2031.

Rising adoption of automatic underground mining equipment among manufacturers to sync with the ongoing trends in the ever-evolving mining industry is set to incur tech-driven transformations in this landscape, opines the study.

In addition, stringent emission regulations regarding controlled diesel emission and personnel safety in the mining industry are likely to stimulate innovations that can enable dealing with the relentless pricing pressure more efficiently, and mitigate the environmental impacts of new-age underground mining equipment.

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Advanced techniques of mining and their impacts on various socio-economic factors have been a prolonged concern worldwide. The shift of a majority of miners from surface or open pit mining to underground mining has further amplified concerns vis-à-vis human safety and the environmental impacts.

Technology is emerging as the most efficient tool for introducing enhanced features in underground mining equipment, and FMI’s study examines the influence of advancements in technologies and other microeconomic factors on the growth of the underground mining equipment landscape.

Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2022 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO2), and Sulphur dioxide (SO2) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

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Visibly Growing Preference for ‘Rental’ over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

FMI’s study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector. The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

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Biopsy Device Market Size, Share, CAGR & Forecast Report for 2031-End | Exclusive Report by FMI

By the end of 2031, sales of global biopsy device market size are projected to reach US$ 3089.2 Mn. The market is anticipated to experience a CAGR of 5.2% during the forecast period.

Rising burden of diseases such as lung cancer, breast cancer, leukemia, and others across the globe is accelerating the growth of the market. According to the American Cancer Society, approximately 1.9 million new cases of cancer are likely to be diagnosed in the U.S., out of which 608,570 of patients are predicted to succumb in the year 2021.

Thus, the demand for effective diagnostic procedures will rise as patients and their families look for advanced healthcare solutions for the treatment of cancer.

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Increasing number of initiatives undertaken by governments and healthcare organizations concerning cancer diagnosis and treatment will facilitate the growth of the market. Driven by the rising healthcare expenditure and progressive research and development (R&D) activities, the market is projected to reach a valuation of US$ 3.08 Bn by the end of 2031.

As per FMI, North America is expected to lead the global biopsy device market. Supported by the rising prevalence of cancer in countries such as the U.S. and Canada, the region is estimated to account for around 34% of the market share in 2021.

“Rising discretionary funding for cancer research, growing government expenditure for upgrading healthcare infrastructure, and implementation of favorable reimbursement policies will collectively propel the growth of the global biopsy device market,” says the FMI analyst.

Key Takeaways from FMI’s Biopsy Devices Market Survey

The U.S. is expected to lead the North America market, favored by the presence of favorable reimbursement scenarios in the country.
Germany is anticipated to hold around 28% of the Europe market share, owing to the growing healthcare expenditure and extensive R&D activities.
China is projected to account for the highest share in the Asia Pacific biopsy devices market, due to the high patient pool of cancer.
Japan and South Korea is forecast to cumulatively account for nearly 8.4% of the global market share in 2021.
Based on product type, the biopsy needles segment is predicated to create an absolute dollar ($) opportunity of US$ 30 million in 2021.

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Key Drivers

Rising prevalence of fatal diseases such as breast cancer and leukemia is fueling demand for biopsy devices.
Increasing consumer preference towards minimally invasive procedures is spurring sales of biopsy devices.
Rapid technological advancements such as ultrasound-guided biopsies and 3D optical biopsies is driving the market.

Competitive Landscape

As per FMI, the global biopsy device market is highly fragmented and around 69% of the global share is contributed by Dickinson and Company, CR Bard, Becton, B. Braun, Argon Medical Inc., Melsungen AG, Hologic, Inc, Devicor Medical Products Inc. and Cook Medical.

Leading companies in the market are focusing to developing new products and gaining regulatory approvals. Some of the players are adopting expansion strategies such as collaboration, mergers, partnership, and acquisitions to maintain their lead in the landscape. For instance,

In 2021 Biocept, Inc., a commercial-stage cancer diagnostics company, announced entering into collaboration with an American clinical laboratory, Quest Diagnostics to offer laboratory testing services to patients in Quest for its Target Selectortm NGS-based liquid biopsy targeted lung cancer panel.
In October 2020, GE Healthcare, a subsidiary of American multinational conglomerate General Electric incorporated, announced launching its new Serena Bright biopsy technology in the U.S. It is particularly designed to offer advanced breast cancer diagnosis and treatment.

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Some of the prominent players operating in the biopsy device market profiled by FMI are:

Argon Medical Devices, Inc.
Braun Melsungen AG
Becton Dickinson and Company
Boston Scientific Corporation
Cardinal Health, Inc.
Cook Medical, Inc.
Danaher Corporation
Fujifilm Holdings Corp.
Hologic, Inc.
Medtronic plc.

Biopsy Device Market – Market Segmentation

By Product Type:

Guidance System
- Stereotactic X-Ray Guided Biopsy
- Ultrasound Guided Biopsy
- MRI Guided Biopsy
Needles
- Core Needles
- Fine Aspiration Needles
Guns
Reagents and Kits
Others (Brushes, Curettes and Punches etc.)

By Application:

Medical Diagnosis
Scientific Research

By End Use:

Hospital
Specialised Oncology Centres
Diagnostic Centres
Research Institutes

Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
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Industrial Battery Chargers Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2028

More than 1.3 million industrial battery chargers were sold in 2018, according to a recent market research intelligence presented by Future Market Insights (FMI). The study projects a strong increase of over 7% in the procurement of industrial battery chargers in 2019.

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.

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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.

Subsidies offered by regional and local governments for procurement of energy systems based on alternative sources at economical capital costs are strongly backed by climbing new grid sales, which necessitate the deployment of secondary or rechargeable batteries for energy transmission and distribution. FMI’s report opines that this will play a pivotal role in encouraging sales of industrial battery chargers in the near future.

Preview Analysis of Industrial battery chargers market Segmented by (Technology – High Frequency Chargers/Switch Mode Based, SCR (Silicon Controlled Rectifier)/ Thyristor Based, Ferroresonant & Hybrid (SCR + Ferroresonant); Battery Type – SLA Batteries, NiCd Batteries, Plante Batteries & Lithium Batteries; Configuration – FC & BC (Float and Boost), FC & FCBC (Float and Float cum Boost), Dual FCBC (Dual Float cum Boost) & FCBC (Float cum Boost); End-Use Sector – Railways, Energy and Power, Mining, Manufacturing, IT and Data Centers, Marine, Telecommunications, Infrastructure & Oil & Gas; Output Charging Current – 15A-50A, 51A-150A, 151A-250A, 251A-500A & Above 500A; Battery Rated Voltage – Up to 24V, 48V, 60V, 110V & Above 110V;)
https://www.futuremarketinsights.com/reports/industrial-battery-charger-market

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.

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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Renal Biomarker Market is Expected to Rake in Revenues Worth US$ 2.3 Billion by 2032-End

Future Market Insights delivers key insights on the global renal biomarker market size in a new report titled “Renal Biomarker Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.” In terms of revenue, the global renal biomarker market is projected to register a healthy CAGR of 7.0% over the forecast period. In this report, Future Market Insights throws light on the various factors and trends impacting market growth over the forecast period.

Segmentation highlights

The global renal biomarker market is segmented on the basis of Biomarker Type (Functional Biomarker, Up-Regulated Proteins, Others); Diagnostic Technique (Enzyme Linked Immunosorbent Assay, Particle-Enhanced Turbidimetric Immunoassay, Colorimetric Assay, Chemiluminescent Enzyme Immunoassay, Liquid Chromatography-Mass Spectrometry); and End User (Diagnostic Labs,Outpatient Clinics, Research Centres, Hospitals).

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The Functional Biomarker type segment is anticipated to be valued at US$ 471.2 Mn by the end of 2016, registering a CAGR of 7.6% over the forecast period. The Up-Regulated Proteins type segment is estimated to create absolute $ opportunity of US$ 19.5 Mn in 2017 over 2016
The Enzyme Linked Immunosorbent Assay diagnostic technique segment is anticipated to witness high Y-o-Y rates of growth throughout the forecast period and is anticipated to reach a market valuation of US$ 390.9 Mn by the end of 2016. The Particle-Enhanced Turbidimetric Immunoassay diagnostic technique segment is estimated to register a CAGR of 7.0% over the forecast period
The Diagnostic Labs end user segment is anticipated to reach a market value share of US$ 308.4 Mn by the end of 2016. The Outpatient Clinics end user segment is estimated to hold a market value share of 30.1% by the end of 2016, making it the second highest end user growth segment of the global renal biomarker market

Regional analysis

The global renal biomarker market is segmented into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and Middle East & Africa (MEA). The North America renal biomarker market is projected to witness high Yea-on-Year growth throughout the forecast period. The market in this region is anticipated to witness a CAGR of 7.6% over the forecast period. The presence of leading renal biomarker manufacturers and established distribution channels in North America is expected to create significant growth opportunities over the next 10 years. The Western Europe renal biomarker market is estimated to represent absolute $ opportunity of US$ 14.1 Mn in 2017 over 2016.

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Vendor insights

The global renal biomarker market report profiles a few of the top companies dominating the global market. Leading market players featured in the report include Thermo Fisher Scientific Inc., BIOPORTO A/S, Abbott Laboratories, Astute Medical, Inc., Randox Laboratories Ltd. and Beckman Coulter, Inc. (Danaher Corporation). The report discusses individual strategies adopted by these companies in terms of enhancing product designing, creating new manufacturing facilities, market consolidation, and advanced R&D initiatives.

Market segmentation

By Biomarker Type:

Functional Biomarker
- Serum Creatinine
- Serum Cystatin C
- Urine Albumin
Up-Regulated Proteins
- Neutrophil gelatinase-associated lipocalin
- Kidney injury molecule 1
- Interleukin 18
Others

By Diagnostic Technique:

Enzyme Linked Immunosorbent Assay
Particle-Enhanced Turbidimetric Immunoassay
Colorimetric Assay
Chemiluminescent Enzyme Immunoassay
Liquid Chromatography-Mass Spectrometry

By End User:

Diagnostic Labs
Outpatient Clinics
Research Centres
Hospitals

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By Region:

North America
Latin America
Western Europe
Eastern Europe

Asia Pacific Excluding Japan (APEJ)

Japan
Middle East & Africa (MEA)

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Condition Monitoring System Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2031

Global condition monitoring system sales are set to be valued at US$ 3,293.9 Mn in 2021, with a steady long-term projection, according to latest insights by Future Market Insights. The report estimates the market to expand at 7 to 8% CAGR from 2021 to 2031 Power generation segment, automotive segment, chemical, and petrochemical segments revenue totaled US$ 2,062.1 million for 2021, according to the annual market analysis conducted by Future Market Insights.

Consistently rising demand from chemical and petrochemical and power generation industries will create prospects for growth of the market through the forecast period. The need for systems to remotely monitor machinery equipment amidst aging population of factory workers is also a major factor driving the market historical period 2016-2020.

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Demand for condition monitoring system slightly decreased due to shutdowns of various manufacturing plants amid COVID-19 induced restrictions. Although the need to ensure efficient running of equipment to future proof the operations has resulted in a lesser drop as compared to other product markets.

The benefit of gaining insights in real time and unexplored data sources throughout the pandemic without being actually present in the plant has also contributed to higher sales.

Key Takeaways from Market Study

The global condition monitoring system market witnessed a slump in 2020 due to the COVID-19 pandemic, with a recorded growth of -2.3%.
The market in the South Africa is projected to expand at a CAGR of around 5.3%, while that in the Mexico at close to 6.3%, through 2031.
The market in India and Germany are set to surge at greater than 8% CAGR over the next ten years.
Sales in the U.S. will continue increasing, accounting for over 80% of demand registered in North America.
Rising application across various industries will seal China’s dominance in East Asia.

“Aging and depreciation of machinery and continued OPEX based investments by various industries, primarily incurred on repair and maintenance of machineries are driving the condition monitoring market” says a Future Market Insights analyst.

Competitive Landscape

The market is understood to be highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in this industry are Schaeffler Technologies AG & Co., Kirloskar Brothers Ltd, Siemens AG, Honeywell International Inc., ABB Ltd., Emerson Electric Co., Rockwell Automation, Inc., Fluke Corporation, Parker Hannifin Corp, General Electric, AB SKF amongst many others.

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Find More Valuable Insights

The research report analyzes demand for condition monitoring system. The global condition monitoring system market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Condition Monitoring System Market by Category

By Technique:

Corrosion Monitoring
Infrared Thermography
Motor Condition Monitoring
Oil Analysis
Ultrasound Testing
Vibration Analysis

By Application:

Aerospace and Defense
Automotive and Transportation
Chemical and Petrochemical
Food & Beverage
Marine
Mining and Metal
Oil and Gas
Power Generation

By Region:

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

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About Us

HEPA vacuum cleaners Market 2022 Expectations & Growth Trends Highlighted Until 2028

The market report envelopes an all-in information of the global HEPA vacuum cleaners market and the nature of the market growth over the foreseeable period. The report provides a comprehensive elaboration of the positives and negatives of the global HEPA vacuum cleaners market with DROT and Porter’s Five Forces analysis. With SWOT analysis, the report offers detailed insights about different players operating within the HEPA vacuum cleaners market. In addition, the analysts of the report have served the qualitative and quantitative scrutinizing of different micro- and macro-economic factors influencing the global HEPA vacuum cleaners market.

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Key segments covered in the global HEPA vacuum cleaners market report by product type include

Canister HEPA vacuum cleaners
Upright HEPA vacuum cleaners
Cordless HEPA vacuum cleaners
Backpack HEPA vacuum cleaners
Wet/ Dry HEPA vacuum cleaners
Ride-on HEPA vacuum cleaners

The HEPA vacuum cleaners market report examines the consumption patter of each segment and the factors affecting the pattern. In addition, the report focuses on the production footprint of each segment in various industries and regions across the globe.

By product type, the global HEPA vacuum cleaners market consists of the following:

Residential
Commercial
Industrial

The HEPA vacuum cleaners market report helps the readers grasp the changing trend in the industry supply chain, manufacturing techniques and expenses, and current scenario of the end uses in the global HEPA vacuum cleaners market.

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Prominent players covered in the global HEPA vacuum cleaners market contain

Nilfisk Group
Kevac Srl
Tiger-Vac International Inc
ECG
Elka Pieterman Group

All the players running in the global HEPA vacuum cleaners market are elaborated thoroughly in the HEPA vacuum cleaners market report on the basis of proprietary technologies, distribution channels, industrial penetration, manufacturing processes, and revenue. In addition, the report examines R&D developments, legal policies, and strategies defining the competitiveness of the HEPA vacuum cleaners market players.

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The HEPA vacuum cleaners market analyses the following important regions:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The HEPA vacuum cleaners market report answers the following queries:

Why consumers are highly inclined towards the consumption of segment in the HEPA vacuum cleaners market?
What are the opportunities available for players operating in the global HEPA vacuum cleaners market?
Which trends have the maximum impact on the growth of the global HEPA vacuum cleaners market?
Why region leads the global HEPA vacuum cleaners market?
What are the drivers and restraints affecting the market size of the global HEPA vacuum cleaners market?

What the report encloses for the readers:

Critical insights of each segment, including volume growth outlook, and demand & supply pattern.
A to Z of each player – positives & negatives, current status, future developments – of the global HEPA vacuum cleaners market.
Detailed information regarding the trends influencing the growth of the global HEPA vacuum cleaners market.
In-depth assessment on the utilization of HEPA vacuum cleaners in each end use industry.
Historical data and future growth outlook of the global HEPA vacuum cleaners market.

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Digital intelligence solutions to help clients stay at the forefront.
Published 6, 000+ reports and recognized by 150+ countries globally.
A team of 300+ analysts to deliver real-time information across various industries and companies.
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Automated Cell Biology Systems Market to Hit US$ 33.5 Billion by 2032 | Future Market Insights

According to Future Market Insights’ most recent industry report, the global automated cell biology systems market stands at US$ 14.1 Bn in 2022 and is expected to rise at a CAGR close to 9.0% over the forecast period, with an anticipated worth of around US$ 33.5 Bn in 2032.

The development of powerful new technologies and applications is made possible by laboratory automation, a major force in the biotechnology sector. Automation in research and production, specifically in the area of personalized therapies, is a requirement for achieving cost effectiveness and widespread accessibility of customized treatments.

Over the last two decades, the biotechnology sector has paid increasingly more attention to laboratory automation. With the development of digitalization and Industry 4.0, biotech automation has spread from its initial focus on analytical laboratories to now being used widely throughout the industry.

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In fact, it is widely acknowledged that many aspects of future medicine would only be possible with the help of automation. These include automated complicated data processing for precision medicine, healthcare robotics for surgery and care, automated production, and sophisticated supply chains for innovative therapeutics.

This is especially true for cell-based personalized medicines, which depend on automation to lower costs and increase accessibility. Whether for personalized drug research or autologous cell treatments, patient-derived cell multiplication is labor-intensive and characterized by substantial batch-to-batch variability.

Additionally, because individual batch sizes are small, personalized medicine requires a high overall throughput in order to be economically viable. These factors pose a demand for automated cell biology systems, thus propelling the overall market value over the forecast period.

Key Takeaways from Market Study

Automated cell counters (single function) are the leading segment as product, and hold approximately 6% market share in 2021, as they provide accurate cell counts.
Drug development applications hold a market share of around 4% in 2021, owed to robust growth of biopharmaceutical industry.
Infinite cell line cultures account for around 2% in 2021, as they are easy to culture than primary cell cultures.
Biopharmaceutical companies as prime end users hold a share of around 4% in 2021, owed to growing CMO/CDMO activities for drug manufacturing.
North America holds a dominant share of 4% in 2021, owed to a high economic output in the region.

“Rising Demand for Personalized Medicine, and Growth in Total Lab Automation Techniques will Propel Overall Market Growth,” says an analyst of Future Market Insights.

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Market Competition

Automated cell biology system manufacturers have been substantially investing in research to offer long-term solutions for both the biopharmaceutical and packaging industries. Players in the automated cell biology systems market are also focusing on innovations and alliances to strengthen their market position.

For instance:

In September 2022, Thermo Fisher Scientific Inc. launched the Thermo Scientific™ DynaSpin™ Single-Use Centrifuge system.
Corning Incorporated introduced a reliable method for differentiating monocytes into dendritic cells in October 2019 with the introduction of Corning® MicroDEN, an automated perfusion cell culture system.

Key Market Segments Covered in Automated Cell Biology Systems Industry Research

By Product: