Market Research Blog – Page 9509 – New Product Development

Market For Pallet Trucks Will Have Grown At A 7.5% CAGR – FMI

The global air separation plant market enjoys a valuation of US$ 5.9 Bn and is projected to expand at a CAGR of 5% to attain a net worth of US$ 7.9 Bn by the end of 2028. Strong demand for air separation plants in the healthcare industry is expected to be a prominent trend favouring overall market growth across regions.

The global market for air separation plants will be worth $7,891.1 Mn by 2028, growing at a steady CAGR of 4.9 percent, with China accounting for the lion’s share of the global market in the coming decade.

Furthermore, many industrial activities are shifting toward high-purity gases, boosting innovation in the air separation plant market. Chemical properties such as reactivity and physical properties such as density, boiling point, and vapour pressure make these gases suitable for use in a variety of industries—they are known as fuel gases, medical gases, refrigerant gases, or speciality gases depending on the industry.

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An Overview of the Global Air Separation Plant Market

A large share of the market revenue is likely to be generated by the chemical, iron and steel, healthcare, and food and beverage industries. Air separation plants are used for separating atmospheric air into industrial gases, including nitrogen, oxygen, argon, and other inert gases. Increasing demand for such industrial gases will create opportunities for the air separation plant market to grow in the coming years.

The food and beverage industry’s growing emphasis on gas packaging, rapid refrigeration, and freezing technologies is driving up demand for liquid nitrogen freezing.Several air separation plant manufacturers are specifically launching units for gas-related products in the food industry. Additionally, demand for medical gases and equipment like infusion pumps and continuous positive airway pressure (CPAP) devices in hospitals and private homes will ramp up investments in the air separation plants market in the coming years.

Growing Demand for Pure Gases Augments Adoption of On-site Air Separation Plants

In lieu of growing demand for on-site gas generation for environmentally friendly operations, key players in the air separation plant market are catering to the diverse needs of several industries looking for volume and purity with customizable on-site production solutions. An on-site air separation plant enhances energy efficiency, boosts product quality, and increases throughput. Modular configuration, designed with backup systems, and easy installation and integration are some of the factors pushing the adoption of on-site air separation plant technologies—offering a highly reliable source of energy.

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Customized solutions, mergers and acquisitions, and divestitures are the key strategies driving the global air separation plant market.

Top players operating in the global air separation plant market are focusing on strategic mergers and acquisitions to expand their businesses in regions with high industrial growth. Manufacturers are also empowering end-users with innovations and digitization in air separation plants for increased operator comfort and protection. Market players are customising air separation plants in order to meet specific customer demands in terms of gas volume and purity. For instance, Linde AG serves a major share of customers looking for customised solutions owing to their worldwide presence and vast experience in engineering and operation of customised air separation plants.

However, factors such as high capital costs associated with setting up air separation units and cyclical fluctuations in end-user markets could negatively impact the growth of the air separation plant market, in terms of market volume. Mature markets in Japan are likely to reduce air separation plant deployments in the coming years.

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The North American Vibrating Screen Market Will Hold 14.1% Of The Global Market In 2022

In 2022, sales of vibrating screens are anticipated to reach US$ 1.37 billion. By 2028, the market is anticipated to grow at a healthy 7.6% CAGR and reach US$ 2.3 billion in value.

The market is expected to grow as more vibrating screens made of polyurethane materials are used in the processing of gold, iron ore, and coal. These items are thought to be perfect for both wet and dry materials because they can separate different minerals from granular or coarse stone materials.

Additionally, polyurethane screens have a high vibration-absorbance capacity, which makes them ideal for a variety of noise-reduction applications. These screens have a load-handling capacity that is roughly twice that of a rubber sieve and a two- to five-times higher efficacy than typical screens.

Sales of polyurethane screens are expected to increase as a result of their high durability in a variety of industries, including cherry-picking, the production of iron and steel, recycling, construction aggregate, and wood processing.

For the vibrating screen market, Future Market Insights estimated a comparison analysis. An increase in mining activities to meet the rising demand for rare-earth minerals and coal is expected to drive the global market.

According to an analysis by FMI, the market for vibrating screens will experience a change in BPS points in H1 2022. predicted a 24-point gain. Notably, the market is predicted to lose 21 BPS points in H1 -2022 compared to H1, 2021.

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One of the main causes of a responsible Y-O-Y increase is Due to their exceptional durability in a variety of industries, such as cherry-picking, iron and steel production, recycling, building aggregate, and wood processing, and polyurethane vibrating screens sales are anticipated to rise.

To ensure employee safety, many major players are moving away from conventional nuts and bolts and toward huck-bolted screens. Even the need for lifting equipment is eliminated by combining the sliders and front chutes. As a result, it permits fluid screen movements in addition to simple access.

U.S. Vibrating Screen Market Exhibit an Upturn

On the back of rising demand for private ownership of residential areas, the U.S. is expected to display steady growth. The North American vibrating screen market is anticipated to hold 14.1% of the market in 2022, according to FMI.

Before beginning construction, it is necessary in this country to filter unwanted materials from the cement and gravel used in residential areas. For instance, the U.S. Department of Housing and Urban Development reported that in November 2021, roughly 1,282,000 homes were finished while 1,679,000 homes were under construction nationwide.

This offers promising opportunities for the sale of vibrating screens in the United States, and this pattern is anticipated to hold throughout the assessment period.

U.K. Vibrating Screen Market Moving towards a Bright Future

The increasing availability of various industrial minerals, metals, and fossil fuels is expected to fuel the U.K. market’s rapid growth in the near future. According to FMI, the European vibrating screen market will likely hold 12.8% of the global market share in 2022.

The British Geological Survey estimates that the UK’s landmass saw mineral extraction of about 196.6 million tonnes in 2019. In addition to 8.2 million tonnes of industrial minerals, it also contained about 2.2 million tonnes of coal, 129.3 million tonnes of crushed rock, and 55 million tonnes of construction minerals.

In addition to coal mining, the nation has a sizable oil and gas reserve that will be investigated during the forecast period. The market in the UK is expected to be driven by this factor.

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Competition Landscape

Most of the key players present in the vibrating screen market are focusing on mergers and acquisitions to expand their geographic presence and gain a competitive edge. Meanwhile, some of the other players are updating their existing product portfolios and adding innovative screens to keep up with the high consumer demand and generate more sales.

For instance,

In December 2021, Sweden-based Sandvik Rock Processing Solutions signed an agreement to acquire the shares of Kwatani, a leading provider of vibrating screens headquartered in South Africa. Under this agreement, the former will sell Kwatani’s products internationally through its sales channel.
In September 2021, Haver & Boecker Niagara, a prominent supplier of screening, pelletizing and primary crushing systems based in Canada, upgraded its portable vibrating screen named Niagara F-Class. It now includes novel technology for longevity, simplified maintenance, and maximum performance. The polyurethane anchors of this product is easy to replace, while the open deck prevents material build-up on the bar rails.

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Electric Motor Market – The Electric Motor Market is to exhibit year-on-year (YoY) growth of 4.2% in 2021 to a total of 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units.

Industrial Robotics Market – The global industrial robotics market is estimated to surpass US$ 96.82 Bn by the end of 2028. Rising emphasis on enhancing the productivity of high-volume production lines, particularly in the manufacturing of semiconductors and electronic devices is favouring the growth in the market.

Powered Lawn Mowers Market – The global powered lawn mowers market is projected to amass a revenue of around US$ 2,155.0 million by 2032, up from US$ 1,366.0 million in 2022 moving forward with a CAGR of 4.7% during the forecast period.

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2022 To 2032: Global Truck Mounted Crane Market, By Product Type, Drive, Lifting Capacity, End User, And Region

Truck-mounted cranes play a significant role in the construction, infrastructure, mining, and automotive industries. The demand for novel equipment in the construction industry is being driven up by rising economic and infrastructure growth as industries use these cranes for loading, lifting materials, building plants, and transportation of large objects.

The shift in consumer preferences toward equipment with better safety and visibility features, rising government investments, the expansion plans of key players, new infrastructure projects, as well as an increase in demand from the logistics and warehousing sector will all benefit the global market during the forecast period.

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Key Takeaways: Truck Mounted Cranes Market

By product type, the stiff boom segment is projected to grow at a CAGR of 2% in the forecast period.
In terms of drive, the hydraulic category is anticipated to account for more than 65% of the global market share.
Based on lifting capacity, the 30 to 50-ton truck mounted cranes segment is projected to grow at a CAGR of 1% from 2022 to 2032.
The above 50 tons’ segment is likely to grow at a CAGR of 3% in the assessment period.
The South Asia & Pacific truck mounted cranes market is projected to expand at 7% in the evaluation period.

“Demand for truck mounted cranes is mainly influenced by rapid expansion of the automotive, construction, logistics, and warehousing sectors. Besides, rising government investments in the construction of transportation and industrial infrastructure worldwide is estimated to drive growth,” says a Future Market Insights analyst.

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Competitive Landscape

The global truck mounted cranes market is moderately consolidated. Market players are attempting to increase their share by creating new products and modernizing their existing lines owing to rapid technological advancements. To increase their sales in the market, major companies are striving to partner up with rental businesses.

Manufacturers of truck mounted cranes are also adhering to important supply trends, including the introduction of new products and significant expenditures on R&D. Sany Heavy Industry Co., Ltd., Liebherr-International AG, Xuzhou Construction Machinery Group(XCMG) Co., Ltd., Hiab AG, and Tadano Ltd. are a few of the major market participants.

Find More Valuable Insights on Truck Mounted Cranes Market

The research report analyzes the market demand trends of truck mounted cranes. The global market estimation and growth projection are based on factors like end-use industries development, replacement ratio, and adoption rate of truck mounted cranes. As per Future Market Insights research scope, the truck mounted cranes market has been studied and segmented on the basis of product type, drive, lifting capacity and end use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, the supply side and demand side.

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Truck Mounted Cranes Market Outlook by Category

By Product Type:

Stiff Boom
Knuckle Boom

By Drive:

Electrical
Mechanical
Hydraulic

By Lifting Capacity:

Below 15 Ton
15 to 30 Ton
30 to 50 Ton
Above 50 Ton

By End Use:

Industrial
Commercial
Infrastructure
Others

By Region:

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

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Industrial Air Compressor Market Rising Demand For Power Generation Will Push Growth In Japan And China : FMI

Increased investments in mechanical equipment will pave the way for the industrial air compressor market to expand in the coming years. According to a Future Market Insights (FMI) analysis, the industrial air compressor market is expected to be worth US$ 26.7 billion in 2021.

Industrial air compressor manufacturers are concentrating on the development of digitally controlled systems, such as compression solutions with automation and digitalization. This, in turn, is expected to create positive growth prospects for industrial air compressor demand.

Furthermore, rising demand from the oil and gas sector will continue to be a key growth driver. According to the report, the oil and gas and automotive and transportation industries will account for the majority of market sales during the forecast period. As these industries expand, attractive opportunities for growth will emerge in the near future.

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Key Takeaways from the Industrial Air Compressor Market Study

Industrial air compressor market will register a CAGR of ~4.6% over the forecast period of 2021-2031
Expansion of oil exploration activities have placed the U.S. as a chief market, which accounts for over 70% sales within North America
Improving production in the automotive sector will fuel demand in the U.K., enabling above 6% y-o-y growth in 2021 in terms of value
Application across diverse sectors will drive growth in industrial air compressor market in Germany and France
Rising demand for power generation will push growth in Japan and China

“The main catalyst behind the growing popularity of air compressors is the innovation that goes into newer models in the market. In economic downturns, sales of air compressors are less likely to witness significant gains in some of the world’s more developed markets. Nonetheless, the technology will always have thriving markets as long as there are developing countries are eager to compete with the industrialized world.” says a Future Market Insights analyst.

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The industrial air compressor market is expected to be a high-opportunity market in the forecast period owing to increasing demand from various manufacturing and production industries as well as investments in oil & gas and power generation sectors, which are expected to drive the demand through the forecast period. Moreover, manufacturers are emphasizing on developing digitalized and customized products as per customer demands along with improved technology, life cycle, higher efficiency and less maintenance cost. These factors are expected to positively influence growth in demand for Industrial air compressors during the forecast period.

Industrial Air Compressor Market by Category

By Technology

Rotary
Reciprocating
Centrifugal
Axial

By Capacity

Upto 500 HP
500 – 2000 HP
2000 – 5000 HP
5000 – 12000 HP
12000 – 20000 HP
Above 20000 HP

By Compression Stage

Single Stage
Double Stage
Multistage

By Driver Type

Electric
Natural Gas
Fuel Driven

By End Use

Automotive and Transportation
Oil and Gas
Power Generation
Chemicals
Food and Beverages
Pharmaceuticals
Mining and Metals
Industrial Air Separation
Other manufacturing

Region

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

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Competitive Landscape

The industrial air compressor market is highly consolidated, in which the leading players account for more than three fourths of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are Atlas Copco, Baker Hughes, Anest Iwata Corporation, General Electric, Hitachi Industrial Equipment Systems Co., Ingersoll Rand, Burckhardt, MAN SE, Siemens Energy AG, Ariel Corp., and Bauer Kompressoren GmbH, among others. These players have higher shares in the global market, and have longstanding relationships with a number of end users, giving them an upper hand over their peers.

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Sales Of Woodworking Router Bits Market In Carbide Router Bits Highly Preferred for their Operational Efficiency: FMI

According to a new research report published by Future Market Insights (FMI), the global woodworking router bits market is estimated to exhibit a CAGR of close to 5% during the forecast period of 2022-2029.

Router bits are used in several woodworking applications such as milling, drilling, grooving, profiling, engraving, carving, etc. High accuracy and precision of carbide-tipped router bits are giving them a competitive edge in the global market.

High demand for design furniture is another plus point favouring market growth. Furthermore, high reselling value of carbide-tipped router bits as compared to high speed steel (HSS) is also expected to push the growth lever of the global market in the coming decade.

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Key Takeaways of Woodworking Router Bits Market Study

Woodworking router bits have prominent application in engraving and carving all kinds of wood such as chipboard, plywood, hardwood, and softwood, and play a crucial role in the furniture industry.
Targeting the expanding DIY consumer segment, manufacturers are offering customized products, which facilitate effective usage in handheld operations such as drilling, cutting, milling, etc.
The most common types of router bits available in the market are handheld router bits and CNC router bits. Handheld router bits are limited to specific applications, resulting in steady market growth, whereas, CNC router bits are versatile, providing lucrative business avenues for investors.
Out of all woodworking operations, grooving holds a significant share, and is projected to witness maximum growth during the forecast years.
In recent years, the market has witnessed price variations, owing to diversified product lines offered by manufacturers that target a broad clientele based on the type of woodworking operation.
Growing usage of wood in the design of basic utilities in commercial construction is expected to further raise the demand for woodworking router bits.

“In the woodworking router bits market, products with high-end precision and durability are necessary for complex woodworking operations. Manufacturers are capitalizing on this trend by actively providing customized products for application-specific woodworking operations.”

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Woodworking Router Bits Market: Competitive Landscape

The woodworking router bits market has become increasingly competitive as manufacturers are launching advanced products that offer various operational benefits and are compatible to the woodworking industry. There are a significant number of organized and unorganized players actively operating in the global market. Key players involved in the woodworking router bits market are :

Robert Bosch Tool Corporation
Stanley Black and Decker
KANEFUSA Corporation
Amana Tool Corporation
Freud Tools
Vortex Tool Company Inc.
Whiteside Machine Company
WOODCRAFT SUPPLY LLC
Dimar Group
Sistemi Klein
MLCS Woodworking Products
Rockler Companies Inc.
Yash Tooling
Takahashi Tools Co. Ltd.
Kannenberg
VHF Tools
CMT Utensili SpA

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Asia Pacific Offering Lucrative Opportunities for Market Growth

The woodworking router bits market is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing economies of Asia Pacific. Rising demand from the furniture industry in the commercial and residential sectors is expected to drive the sales of router bits during the forecast period. Intense use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel woodworking router bits market growth.

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Pipes Market : The global pipes market reached a valuation of US$ 127.2 Bn in 2021 and is estimated grow at a CAGR of 5.4%, surpassing US$ 225.5 Bn by 2032.

Stacker Crane Market : The global stacker crane market size reached a valuation of US$ 976 Mn in 2021 and is likely to touch a valuation of US$ 1 Bn in 2022.

Solar Invertor Market : The global solar invertor market is forecast to grow year-on-year by 5.0% in 2022, reaching a valuation of about US$ 11 Bn in 2022.

Underground Mining Equipment Market: The global underground mining equipment market is expected to reach US$ 15.9 Bn in 2022. With sales growing at a steady 2.4% CAGR, the market valuation is projected to reach US$ 18.8 Bn in 2029

Elevator and Escalator Market: Global elevator and escalator consumption is anticipated to increase at a 4.5% CAGR from 2022 to 2030

Test and Measurement Equipment Market: The global test and measurement equipment market is predicted to witness a moderate CAGR of 5.6% during the forecast period of 2022 to 2032.

Testing, Inspection, and Certification Market: The testing, inspection and certification market is anticipated to register a CAGR of 1.8% during the forecast period.

RFID Kanban Systems Market: The Global RFID kanban systems market size to reach US$ 1.6 Billion in 2022. With a favorable demand outlook, sales are forecast to increase at an impressive 18.1% CAGR, reaching US$ 8.4 Billion by 2032.

Industrial PC Market : During the assessment period, the global Industrial PC Market is expected to register a robust CAGR of 6%, from US$ 5 Bn in 2021 to US$ 9.4 Bn in 2032

Industrial Cybersecurity Market : The industrial cybersecurity market is anticipated to record a CAGR of 7.7% during the forecast period (2022 – 2032)

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Pulse Oximeter Market size is estimated to reach a valuation of US$ 5.1 Bn by 2032 | Future Market Insights

According to Future Market Insights’ recently published Pulse Oximeter Market size Analysis Report, the market’s global sales in 2021 were estimated to be US$ 2.3 Billion. The market is anticipated to reach a valuation of US$ 5.1 Bn by 2032 with a 7.6% CAGR from 2022 to 2032.

COVID-19 decreases the amount of hemoglobin that can carry oxygen and carbon di-oxide to parts of the body. The efficiency of pulse oximeters to detect changes in the oxygen levels of the bloodstream proves instrumental in effective treatment of the diseases. Due to the inability to exchange oxygen and carbon dioxide, patients exhibit a ground-glass-like lung inflammation. This further leads to patients contracting diseases such as high-fever, and nausea.

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However, with the help of pulse oximeters, healthcare professionals can diagnose the distribution of oxygen in the body. Pulse oximeters can then help doctors and nurses in devising treatment methods specific to every individual patient.

Pulse Oximeter Market study by “Future Market Insights” provides details about the market dynamics affecting the market, Covid-19 Impact, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

This Report encloses comprehensive analysis on the market and are assessed through volume and value data validated on three approaches including top companies revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics.

Every crucial and decisive detail for the development and restriction of the market is mentioned in fine points with solutions and suggestions that may affect the market in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.

The report Pulse Oximeter Market gives varied description about the segmentation of the market on the basis of segmented Dosage, Route of Administration and Application, and leads with a descriptive structure of the trends and restrictions of the various segments and sub segments. It also provides the market size and estimates a forecast from the year 2018 to 2028 with respect to major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Pulse Oximeter Market.

The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run.

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The report also analyzes factors affecting Pulse Oximeter Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

Leading Pulse Oximeter Market Players:

Covidien
CareFusion Corp
GE HEalthcare
Koninklijke Philips NV
Masimo
CASMED
Opto Circuits (India) Limited
Nonin Medical Inc.
Smiths Medical
Welch Allyn
Spacelabs Healthcare

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Pulse Oximeter Market Segmentation

By Type:

Fingertip
Handheld

By End-use:

Hospitals & Other Healthcare Facilities
Homecare

By Region:

North America
Latin America
Europe
APAC
MEA

Key Elements that the report acknowledges:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance

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

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Woodworking Circular Saw Blades Industry Are Estimated To Account For A Net Worth Of US$ 68.3 Mn By 2029 – FMI

At present, sales of woodworking circular saw blades comprise 8% of the world market for woodworking tools. Circular saw demand has increased over the past few years as a result of their enhanced precision capabilities and affordable price.

The widespread popularity of DIY projects in the modern digital era has increased demand for woodworking circular saws, which in turn has increased demand for woodworking circular saw blades.

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Key Takeaways from Woodworking Circular Saw Blades Market Study

Sales through numerous online platforms is gaining prominence, as these online sites enable customers to choose products according to their requirements. Many retailers and distributors are focusing on offering their products through online platforms to gain significant share in the market.
Increased use of furniture in commercial and residential sectors, and the use of wood as a thermal and electrical insulator in industrial and manufacturing sectors are expected to bolster the sales of woodworking circular saw blades, with timber and wood processing industries performing substantially well.
Spurring demand for woodworking operations for the manufacturing of household furniture and use of wood in the designing of basic utilities in commercial constructions are anticipated to bolster the demand for woodworking circular saw blades. With increment in the use of circular saw blades for application in small-scale operations, 100 – 200 mm diameter blades are projected to experience hefty growth in the market.

“Rising demand for woodworking circular saw blades for plumbing & carpentry, owing to their inherent reliability, such as accuracy, ease of use, and precision, creates a positive environment for the growth of the woodworking circular saw blades market.”

Woodworking Circular Saw Blades Market: Competition Overview

The global woodworking circular saw blades market is perfectly competitive, with the presence of a significant number of organized and unorganized players actively operating in the global market. Freud Tools, Robert Bosch GmbH, Stanley Black and Decker, and Homag Group are identified as prominent players in the global woodworking circular saw blades market. Key players are focusing on manufacturing diverse blades for efficient performance in different operations.

Asia Pacific Offering Lucrative Opportunities for Market Growth

The demand for woodworking circular saw blades is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing countries of the Asia Pacific region. Rising demand from the furniture industry is expected to drive the sales of saw blades during the forecast period. High use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel the growth of the woodworking circular saw blades market.

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More Valuable Insights on Woodworking Circular Saw Blades Market

The research report provides thorough assessment and future forecasts of the woodworking circular saw blades market on the basis of five primary segments listed as follows: mode of operation, blade type, diameter type, distribution channel, and end-use industry. The report provides comprehensive information about global market sizing, key market manufacturers, and regional perspective for market. The report also provides important dynamics of the woodworking circular saw blades market. The scope of the research includes woodworking circular saw blades with carbide tips or complete carbide blades utilized in the woodworking industry.

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape:

Hazardous Area Equipment Market: The global hazardous area equipment market was valued at US$ 8.84 billion in 2021 and is expected to reach US$ 15.43 billion by 2032, growing at a CAGR of 5.2% from 2022 to 2032.

Plastic-to-fuel Market: U.S. Plastic-to-fuel Market is estimated to generate US$ 42.78 million in revenues in 2015, which is likely to reach US$ 98.26 million in 2020.

Domestic Booster Pumps Market: The global domestic booster pumps market, which stands at a value of US$ 2.68 Bn at present, is projected to surge to US$ 4.63 Bn by the end of 2030.

Industrial Air Filtration Market: The industrial air filtration market size is projected to grow at a rate of 6.2% CAGR during the forecast period to surpass a valuation of US$ 45.2 Bn by 2027, from US$ 33.5 Bn in 2022.

Facility Management Services Market: The facility management services market is expected to increase at a CAGR of 12.6% during the forecast period, from US$ 42.2 billion in 2021 to US$ 76.3 billion in 2026.

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Tokenization Market Future Scenarios, Growth and Analytical Insights – 2031

The Tokenization market is set to witness steady growth during 2021-2031. One of the major growth drivers for tokenization happens to be the increasing need to adhere to compliances and regulations.

Additionally, the mounting need to preserve fraud prevention levels due to increased financial crimes is further responsible for driving the market growth.

Moreover, increasing demand for contactless payments from customers coupled with growing need for cloud-based tokenization solutions and services are anticipated to offer rewarding prospects for the major players operating in the market.

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What is Driving Demand for Tokenization?

Tokenization makes use of a token to protect the data, whereas encryption utilizes a key. Tokenization switches the sensitive data for a non-sensitive token and stores the original data securely.

Owing to this, there has been rise in demand for implementation of tokenization techniques over the forecast period. Moreover, increasing inclination of consumers towards contactless payment solutions is one of the major factors responsible for driving the growth of tokenization market across the globe.

BFSI is Expected to Hold the Largest Share of the Tokenization Market by Vertical

On the basis of vertical, the sensor market has been bifurcated in to BFSI, healthcare, IT and telecom, government, retail and eCommerce, energy and utilities, and others.

Out of which, the BFSI industry vertical is expected to hold the largest share of the global market. Tokenization solutions have gained immense popularity and a higher rate of adoption in the BFSI vertical, as it deals with money. The vertical displays a large number of financial transactions, which become an attractive target for cybercriminals. Increasing fraudulent activities emerging in the BFSI vertical is another major factor driving the demand for tokenization.

US and Canada Tokenization Demand Outlook

U.S. happens to be one of the largest markets for tokenization across the globe. The growth in U.S. is attributed to the presence of established players such as Fiserv, Mastercard, Visa, Micro Focus, and American Express, among others in the region. Moreover, US happens to be a highly regulated region with the presence of regulations such as CCPA.

Changing customer preferences towards the adoption of digital first credit cards and contactless cards are also projected to boost the growth of tokenization in the North America region.

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Europe Demand Outlook for Tokenization

Contactless payments are helping end users as well as organizations move further away from wire transfer services, which happens to be one of the most exploited medium for cyber attackers.

Contactless payments are typically gaining more traction in the Europe region. According to a report published by Gemalto, 90% of the business frontrunners in Europe are already investing in the contactless payment solutions. Intensifying data breaches and financial frauds happen to be one of the major factors driving the demand for tokenization in the Europe region.

Who are the Key Manufacturers and Suppliers of Tokenization?

Some of the leading providers of tokenization include

Fiserv
Mastercard
Visa
Micro Focus
American Express
HelpSystems
MeaWallet
Thales TCT
CipherCloud

Tokenization Market Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Key Segments

By Component:

Solutions
Services

By Application:

Payment Security
User Authentication
Compliance Management

By Tokenization Technique:

API-Based
Gateway-Based

By Deployment:

Cloud
On-premise

By Organization Size:

SMEs
Large Enterprises

By Vertical:

BFSI
Healthcare
IT and Telecom
Government
Retail
Energy and Utilities
Others

By Region:

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

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https://digital-marketin.tribeplatform.com/general/post/document-imaging-market-current-scenario-trends-comprehensive-analysis-9vGCN5up4Bummn1

https://bresdel.com/blogs/266942/Document-Imaging-Market-Global-Industry-Analysis-Size-Share-Growth-Trends

https://homment.com/IHdAh50H3w5O0gUSJ4cv

https://amanroad.com/blogs/60705/Document-Imaging-Market-Global-Industry-Analysis-Size-Share-Growth-Trends

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Industrial IoT Market Set to Witness an Uptick Size US$ 1.3 Tn to 2032: Future Market Insights, Inc.

The industrial IoT market is projected to reach a valuation of US$ 1.3 Tn by 2032, advancing at a CAGR of 12.2% throughout the forecast period. Technological developments in semiconductor and electronic devices, growing usage of cloud computing platforms, standardization of IPv6, and backing from governments of various nations for IIoT R&D efforts are all driving the industrial IoT market forward.

The industrial internet of things market is predicted to grow at a rapid pace over the forecast period, thanks to advances in technology and the increasing availability of affordable sensors and processors that can provide real-time access to information.

The industrial IoT market is expected to grow due to the growing requirement to improve operational competence and excellent collaboration among major market participants to achieve the same. Furthermore, the techniques being developed to create a united digital-human workforce are projected to provide significant prospects for industrial IoT market share growth.

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Artificial intelligence and the internet of things are gaining traction in the industrial industry, propelling the market ahead. The breakout of the COVID-19 pandemic in 2020 put the industrial sector to the test. As a result, the usage of AI and IoT in the production industry has accelerated. In the absence of a regular crew in manufacturing plants, activities such as condition monitoring and repair and maintenance were carried out with the help of AI and machine learning (ML) algorithms.

As the number of things linked to the Internet grows dramatically around the world, the advent of Internet Protocol version 6 (IPv6) has aided the expansion of the industrial IoT market.

The adoption of remote working practices in the aftermath of the COVID-19 pandemic has sparked a desire for operational openness. At this point, smart linked solutions are expected to play a critical role in acquiring organizational and operational visibility.

Businesses are looking forward to establishing resilience to ensure growth in the post-COVID age, as well as adjusting to remote working and automating their processes accordingly. As a result, they’re concentrating on the industrial IoT market adoption trends in order to entice customers, improve customer experience, and raise brand awareness. All of these activities augur well for the industrial IoT market’s growth in the next years.

Key Takeaways

The US industrial IoT market size is projected to reach US$ 302.4 Bn by 2032.
From 2021 to 2028, the logistics and transportation segment is expected to grow at a CAGR of more than 26%. The considerable emphasis that logistics and transportation businesses are placing on improving asset management and, as a result, on the implementation of smart transportation can be linked to the rise.
The manufacturing segment of the industrial IoT market is expected to rise at a CAGR of 11.1% throughout the forecast period.
In 2021, networking technology held the biggest industrial IoT market share. The backbone of the IIoT is networking technology, particularly wireless technology.
In terms of value, APAC is expected to have the greatest share of the market in 2021. Asia Pacific has become a global focus point for large investments and corporate growth, and it is a major hub for industrial manufacturing.

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Competitive Landscape

The leading industry participants are projected to concentrate on cost-cutting, making it difficult for new entrants to break into the  industrial IoT market. Venture capital funding, on the other hand, is projected to aid IIoT firms in breaking into the market.

Companies in both the private and public sectors are likely to begin focusing on innovation, productivity, and value as they grasp the importance of IIoT in offering integrated and sustainable products and services to tech-savvy organizations. Industrial IoT is becoming more accessible and safer, according to leading market participants.

The  internet of things market is predicted to rise due to the region’s growing population, rising R&D investments, and international and domestic IT businesses’ increased focus on the expansion of big data analytics and cloud-based services in the region.

Huawei, Cisco, GE, Intel, Rockwell Automation, ABB, Texas Instruments, Honeywell, IBM, KUKA AG, NEC Corporation, Bosch.IO, Siemens AG, and SAP are the major leaders in the industrial IoT market.

Key Segments

By Components:

Hardware
Software
Services

By End Use:

Aviation, Transportation,
Oil & Gas
Power Generation & Utility
Manufacturing
Healthcare
Others

By Region:

North America
Europe
Asia Pacific
Middle East and Africa
South America

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https://techplanet.today/post/document-imaging-market-2022-increasing-demand-for-efficient-management-practices-report-2029

https://tanmay4733.blogspot.com/2022/11/document-imaging-market-in-depth.html

https://anotepad.com/notes/6nacjp2t

https://www.tumblr.com/rahulverma45/701242814890164224/document-imaging-market-research-report-2022

https://www.spoke.com/topics/document-imaging-market-latest-research-industry-analysis-driver-trends-business-overview-key-value-demand-and-forecast-2022-2029-6377371b007316bab9039bd6

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Blockchain AI Market 2022 New Technological Development Projecting Massive Growth till 2032

The global blockchain AI market is expected to secure US$ 2.8 Billion while exhibiting a 22.9% growth rate during the forecast period. The market is estimated at USD 285.7 Mn in 2021 and USD 358 Mn in 2022. The growth of the market can be attributed to the increasing monetization of customer data with the application of blockchain.

Data monetization would ease the access of AI and advanced blockchain to developing enterprises. Besides, ongoing development in AI, IoT, and big data technologies are other salient factors developing the market in the coming time. In addition, the growing demand for the combination of blockchain and AI-based natural language processing among renowned and established entities has been recognized as the most significant emerging opportunity in the market.

On the contrary, a lack of expertise in the field is expected to hinder the market expansion in the coming time. In addition to it, lack of awareness, poor funding, and inadequate investments are other factors projected to hamper the industry growth in the forecast period.

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Key Takeaways

The global blockchain AI market estimated at USD 285.7 Mn in 2021
The global blockchain AI market to secure USD 2.8 Bn in 2032
The projected growth rate of the global blockchain AI market is 22.9%
The platform segment to flourish at 21.3%
The cloud segment to record 20.6%
The U.S market to garner USD 917.7 Mn recording a 22.2% growth rate
China to procure USD 208.2 Mn market value, exhibiting a 22.1% CAGR

Competitive Analysis

Key players in the global blockchain AI market include Alpha Networks, BurstIQ, NeuroChain Tech, Cyware, and Core Scientific among others. Key developments among players include:

In September 2020, BurstIQ disclosed a strategic partnership with Tech Mahindra to provide an identity management platform, identity data management (IDM), and provider data management (PDM).
In August 2020, BurstIQ, LLC launched its developer kit, called BustChain User Interface (UI) Software Developer Kit (SDK). The set allows enterprises to efficiently deploy and create solutions and services on the BurstIQ Platform.
In May 2021, Figure Technologies Inc., raised USD 200 Mn in series D funding at a USD 3.2 Bn valuation. The investment will leverage blockchain to reinvent the financial services sector.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global blockchain AI market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

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Key Segments Covered in the Blockchain AI Market Report

By Component: