Almost 43% Of The Global Market For Asphalt Mixing Plants Was Captured In APAC

The global asphalt mixing plants market is anticipated to garner US$ 8.5 Billion while expanding at a CAGR of 2.4% during the forecast period. The market is estimated at US$ 6.5 Billion in 2021 and US$ 6.66 Billion in 2022. The increasing road construction activities coupled with growing infrastructural development in countries are likely to propel industry growth.

Increasing asphalt production across the globe is a prime factor that will drive market demand. Countries, including India, Vietnam, and the Philippines, will be investing heavily in road construction & improvements in the coming decades to enhance their ranking.

Over the past few years, tremendous growth in urban centers was witnessed as people moved from the countryside to cities to live and work. Increased disposable incomes will drive up private vehicle ownership, placing greater demands on roads and eventually augmenting road construction projects, particularly in China and India. Portable product type to gain the majority share owing to the increasing necessity for cost-effective and easily transportable construction equipment.

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Key Takeaways:

  • By Product type, the portable product segment of the Asphalt Mixing Plants segment expanded at a ~2% CAGR
  • Based on Application, the road construction segment of Asphalt Mixing Plants is estimated to record an ~2% CAGR
  • APAC region is likely to account for the majority share of nearly 3% during the forecast period
  • Europe region is estimated to gain significant traction in the market for Asphalt Mixing Plants, Germany is likely to hold the majority share.

“Constructers have been investing a lot of time and money in fostering new asphalt plant solutions to cater to important industry requirements, thus in turn, to fuel the market growth of asphalt mixing plants”.

Competitive Landscape

Key players in the global Asphalt Mixing Plants market include Speco Limited, Nikko Co. Ltd., Ammann Group Holding AG, GP Gunter Papenburg AG, Lintec & Linnhoff Germany GmbH., among others. Recent key developments among players are:

  • In Aug 2022, Construction Partners, Inc. ROAD (the Company), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, announced the acquisition of Southern Asphalt, Inc., headquartered in Conway, South Carolina. As a result of the acquisition, the Company added two hot-mix asphalt plants and more than 200 employees in the Myrtle Beach, South Carolina metro area.
  • In Aug 2021, Berkshire Engineering Supplies (BES) and R&G Cooper (RGC) joined forces to create Bulldog Plant & Equipment Ltd, which is said to be the only business of its kind in Britain and is set to become the number one provider of large-scale production plants in the construction materials, engineering, and energy sectors.
  • In March 2022, Astec Industriesagreed to acquire MINDS Automation Group (MINDS). The firm is a leader in plant automation control systems and cloud-based data management in the asphalt industry.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Asphalt Mixing Plants market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Asphalt Mixing Plants Market by Process (Batch, Continuous) by Product (Portable, Stationary) by Application (Road Construction, Others) by Capacity (Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H) & Region (North America, Europe, East Asia, South Asia, Oceania and Middle East & Africa, and Latin America)

About the Industrial Goods & Automotive Division at Future Market Insights

The Industrial goods and Automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 40+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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

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Point Of Care Blood Testing Devices Market size to expand at a CAGR of 11.3% by 2032

By 2032, the point of care blood testing devices market size is anticipated to be worth US$ 49,973.6 million, up from US$ 15,362.4 million in 2022, growing at a CAGR of 11.3%.

Point of care or POC blood testing devices are easy handheld devices which are used to perform various blood tests. Point of care blood testing devices are used to obtain diagnostics test such as protein test, blood metabolites test, hormone blood test, INR or prothrombin test (PT), haemoglobin test and also used to test glucose level in blood. Point of care blood testing devices also referred by many different names such as remote testing device, near-patient testing device and rapid diagnostics devices.

Impact of COVID-19 on the Healthcare Industry

The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower.

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It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.

Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Point Of Care Blood Testing Devices Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.

The team of analysts at Future Market Insights are focussing on research and market study to produce different Point Of Care Blood Testing Devices Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Point Of Care Blood Testing Devices Market.

Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are: F. Hoffmann-La Roche Ltd., Getein Biotech, Inc., Abbott Diagnostics Inc., Callegari Srl, Goldsite Diagnostics Inc, TaiDoc Technology Corporation, Alere Inc, MED TRUST and Others.

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Segmentation

The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:

Global point of care blood testing devices market, by Product type-

  • Diabete POC Analyzer
  • Coaglulation POC Analyzer
  • POC Blood Analyzer
  • Hematology POC Reader

Global point of care devices market is segmented, by technology-

  • Printer Devices
  • Touch-Screen Devices
  • Hand-held Devices

Global point of care devices is segmented, by Distribution Channel –

  • Retail Prices
  • Hospitals
  • Clinics
  • Health Centers
  • Homecare Settings

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Product Segmentation

The investigation offers a top to bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavours to assess the current and future development possibilities, undiscovered roads, factors that shapes their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.

Full in-depth analysis of the parent market

The analysts at FMI are dedicated to provide insights after extensive research and study. The study also includes estimations, projections and evaluation of the market dynamics.

Important changes in market dynamics

The report has been created after detailed and exhaustive studies by the analysts at FMI taking several factors into consideration like monetary, ecological, social, mechanical, and political status of a particular demography. They study the key data to assess the revenue and production of manufacturers across various regions. The report also covers an in-depth analysis of the key changes in market dynamics in the recent past and the near future.

Segmentation details of the market

  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets

Table of Content

  • Executive Summary
  • Market Overview
  • Key Success Factors
  • Global Point Of Care Blood Testing Devices Market – Pricing Analysis
  • Market Background

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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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Human Growth Hormone Treatment & Drugs Market size to reach US$ 4.8 Bn by 2032

The global human growth hormone treatment & drugs market size is projected to grow at a moderate CAGR of 3.3%, reaching nearly US$ 4.8 Bn by 2032 from US$ 3.4 Bn in 2021.

Industry participants’ investments, the presence of a solid pipeline, extensive R&D efforts, a comprehensive product portfolio, and expanding government initiatives are all projected to drive the demand for human growth hormone treatment & drugs.

The global human growth hormone treatment & drugs market share is expected to be impacted by the COVID-19 epidemic. Patients with low growth hormone secretion are at risk for COVID-19, which necessitates immediate intervention to aid in COVID-19 prevention.

Patients with Prader-Willi syndrome, on the other hand, must exercise caution in order to reduce their risk of contracting COVID-19. Furthermore, people with Prader-Willi syndrome may not exhibit typical symptoms such as a high fever or a higher-than-normal pain threshold, delaying the diagnosis of COVID-19.

Turner syndrome patients are at an increased risk of contracting the COVID-19 virus, which can cause serious disease.

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Human growth hormone manufacturers are investing in research and development to create a growth hormone with fewer side effects and the potential to be a long-term treatment.

The human growth hormone supplements market is growing due to an increase in disorders connected to growth hormone insufficiency, an increase in the use of ageing hormones, government and private sector efforts to raise awareness of growth hormone deficit, and high productivity.

Other reasons such as greater understanding of the treatment process, an increase in the number of health conditions, and an increase in the number of neuropsychiatric cases are expected to boost the human growth hormone treatment & drugs market size’s growth. Human growth hormone supplements market expansion is projected to be driven by the quick growth of new human growth hormone novels.

As per the global human growth hormone treatment & drugs market study, the industry is likely to be driven by initiatives taken by various government and private organizations to raise awareness about GH deficiency and human growth hormone treatment.

International Children’s Growth Awareness Day is observed every year by the International Coalition of Organizations Supporting Endocrine Patients (ICOSEP), a nonprofit charitable organization based in the United States, to increase public knowledge regarding the early detection and intervention of human growth hormone problems, particularly in children.

However, the high price of hGH therapies, as well as severe hGH-related side effects, may negatively impact the human growth hormone for sale over the projection period.

Knee, hip, or other joint discomforts; allergic reactions, such as redness, swelling, or hives; and an increase in blood sugar levels are all possible adverse effects of GH hormone therapy, according to UPMC Children’s Hospital of Pittsburgh.

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Key Takeaways

  • In 2021, the US human growth hormone treatment & drugs market was expected to be worth $1.3 billion, while China’s market is expected to be worth $285.1 million by 2026.
  • In 2020, the Turner syndrome category accounted for a significant portion of the human growth hormone supplements market, and this trend is likely to continue during the forecast period.
  • Led by countries such as Australia, India, and South Korea, the Intravenous segment market in Asia-Pacific is forecast to reach US$14.4 Million by the year 2026.
  • Subcutaneous, one of the report’s segments, is expected to rise at a 4 per cent compound annual growth rate (CAGR) to reach US$2.7 billion by the conclusion of the analysis period.

“A healthy product portfolio and extensive Market research investments for the emergence of future growth hormone treatments are projected to propel the sales of human growth hormone treatment & drugs.”

Competitive Landscape

The demand for human growth hormone treatment & drugs is moderately concentrated, with a few key manufacturers owning a large portion of the industry. Furthermore, several active collaborations are underway to generate more effective and long-acting subtypes of human growth hormones.

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Key human growth hormone manufacturers include Eli Lilly and Company, Ipsen S.A., EMD Serono Inc., Novo Nordisk A/S, Genentech, Inc (Roche), AnkeBio Co. Ltd, GeneScience Pharmaceuticals Co. Ltd, LG Life Sciences and Ferring Pharmaceuticals.

Pfizer Inc. began a Phase III research trial in February 2021 to assess the efficacy and security of somatropin in a group of Japanese patients with Prader-Willi Syndrome (PWS).

In October 2020, Erasmus Medical Center, in collaboration with Pfizer, the Foundation for Prader-Willi Research, and the Prader-Willi Fonds, launched a Phase III clinical trial to evaluate the impact of growth hormone treatment (Genotropin) on physical and psychosocial wellbeing in adults with Prader-Willi syndrome who are 30 years or older.

Key Segments

By Route of Administration:

  • Subcutaneous
  • Intramuscular
  • Intravenous
  • Oral

By Application:

  • Growth Hormone Deficiency
  • Turner Syndrome
  • Idiopatich Short Stature (ISS)
  • Prader-Willi Syndrome (PWS)
  • Other Applications

By Distribution Channel:

  • Hospital Pharmacy
  • Speciality Pharmacy
  • Retail Pharmacy
  • Online Pharmacy

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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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Facial Recognition Market worth US$ 22.5 Billion by 2032 – Report by Future Market Insights, Inc.

According to a recent study done by FMI, the Facial Recognition Market is expected to reach US$ 22.5 billion by 2032, up from US$ 5.2 billion in 2022, expanding at a high CAGR of 15.7%. This study explains that increase in government investments in emerging technologies of CCTV cameras in most public places to minimize criminal activities and terrorist attacks and to enhance public safety boosts the facial recognition market growth.

Factors such as the rise in demand for face detection systems to enhance safety and security, and increase in applications in physical security and intelligent signage are expected to propel the growth of the global facial recognition market during the forecast period. Further, the report opines that the technological advancements such as 3D recognition systems and cloud-based solutions are anticipated to augment the market growth in the coming years.

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Further, post the COVID-19 pandemic, there is a gradual rise in the number of use cases of facial recognition, which is one of the factors that has boded well for the Facial Recognition’s market demand. Moreover, the application of thermal camera checks through these systems and are being adopted by healthcare systems globally.

Key Takeaways from the Market Study

  • Global Facial Recognition market to be valued at US$ 5.2 Bn by 2022-end
  • By Component, Software Tools Segment expanded at a CAGR of 16.8% until 2021
  • Law Enforcement application ruled the Facial Recognition market with a CAGR of 16.7% until 2021.
  • China to account for the highest value share of US$ 1.6 Bn of global market demand for Facial Recognition market in 2032

Increasing mobile transactions for banking in countries, such as India and China, coupled with their governments’ initiatives, are expected to be the major drivers for the facial recognition market in the region, remarks a FMI analyst. 

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Competitive Landscape

Players in the global Facial Recognition market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In March 2022, Aware, a biometrics software and services company, partnered with MIRACL to expand its cloud-based biometric authentication technology. The partnership is a through mutual reseller arrangement whereby each company can both sell each other’s products and integrate them within their own product lines, quickly bringing to market password-free login paradigms delivering superior security and simplicity for users.
  • In March 2022, SALTO’s acquisition of Cognitec Systems initiates strong partnership of business synergy and innovation. This acquisition is expected to meet market requests for adding face recognition and artificial intelligence technologies to the company’s renowned electronic access control and ticketing solutions. In addition, both companies appreciate a similar innovative work environment and corporate culture.

More Insights on the Facial Recognition Market

Future Market Insights offers an unbiased analysis of the global facial recognition market, providing historical data for 2015-2021 and forecast statistics from 2022-2032. To understand opportunities in the facial recognition market, the market is segmented on the basis of component type, application, and vertical across five major regions.

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Key Segments Covered in the Facial Recognition Industry Report

Facial Recognition by Component

  • Facial Recognition Software Tools
    • 2D Facial Recognition
    • 3D Facial Recognition
    • Facial Analytics
  • Facial Recognition Services
    • Training and Consulting
    • Cloud Based Facial Recognition

Facial Recognition by Vertical

  • Facial Recognition in Banking
  • Facial Recognition in Retail & E-Commerce
  • Facial Recognition in Automotive
  • Facial Recognition in Healthcare
  • Facial Recognition in Government & Defence
  • Facial Recognition for Other Verticals

Facial Recognition by Application

  • Facial Recognition for Law Enforcement
  • Facial Recognition for Access Control
  • Facial Recognition for Emotion Recognition
  • Facial Recognition for Attendance Tracking and Monitoring
  • Facial Recognition for Other Applications

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

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Marine Communication Market to Hit US$ 9,351.4 Million by 2032: Says FMI

According to the marine communication market analysis by Future Market Insights (FMI), the demand registered in the market will increase at a healthy CAGR of 7.8% from 2022-2032.

The report also forecasts that the market will surpass a valuation of ~US$ 4,420.7 Mn by the end of 2022 and US$ 9,351.4 Mn by 2032. The international maritime industry consists of a global web of shipping that covers the oceans and connects all continents on the earth. Communication plays an essential role in the successful operation for any country.

Marine communication between ships or with the shore was carried with the help of on board systems through shore stations and even satellites. To keep vessels and the lives transport as safe as possible, there are several communication systems and technologies working together for both ship-to-ship and ship-to-shore communications.

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In case of any emergency situations, it is highly essential to have reliable and quick communication systems to communicate with other ships and shores, there is a need of high quality and secure communication, so that no wrong information is shared due to low quality of communication.

Advanced marine communication systems are reliable and highly secured, and due to this feature, various government organizations and entities of countries are adopting these solutions for providing reliable and secure communication to their forces.

Key Takeaways: Marine Communication Market

  • By product, the marine radio devices segment is anticipated to account for the leading share in the global marine communication market. However, the maritime sat phone & internet devices segment is estimated to grow at a robust CAGR of 10.9% through 2032.
  • By application, the adoption of marine communication in recreational vessels segment is anticipated to increase at a CAGR of 10.5% between 2022 & 2032.
  • The rise in popularity of recreational boating worldwide is expected to increase the adoption of marine communication systems.
  • Among regions, South Asia & Pacific marine communication market is estimated to register high CAGR, owing to the increasing demand of maritime digital data services in the region.
  • In Japan, sales are expected to increase at a CAGR of close 11.3% over the next ten years.

 “With the advancement in digital data services, marine communication service vendors need to make numerous updates into their pre-existing communication technologies, in order to upgrade the industry and ensure maximum productivity,” says FMI analyst.  

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Advent of 5G in Sea Communication and Unmanned Boat to Shape Future Outlook 

Internet at sea has become a necessity for yachts with Captains and Electro Technical Officer (ETO’s) carefully considering satellite and mobile data options. With a rise in the number of marine internet service providers, the emergence of 5G in marine industry is growing with significant pace. The advent of 5G has bought major developments in satellite systems. Satellite systems is promising a completely different outlook in terms of offshore connectivity.

Many players in the sector are investing in the launching of satellite constellations into Low Earth Orbit (LEO). Located between 500 km and 2000 km above the Earth’s surface, these satellites fly in coordinated groups and, unlike their predecessors, they are moveable.

Moreover, the various tech companies are introducing unmanned boats that is equipped with 5G Continuing Professional Education (CPE) terminal and 360-degree 4K camera, pushing real-time images and videos of ocean and river for monitoring water quality through fast speed 5G network. The camera could capture the water environment in areas where are inaccessible to human eyes and the small speaker installed on the hull could convey pre-recorded messages to people around.

For instance, in April 2019, ZTE Corporation and China Mobile have jointly launched “Heweitong”, a marine broadband satellite solution that seamlessly extends the mobile network to the ocean, creating a new era of marine communication.

More Valuable Insights on Marine Communication Market

FMI’s report on the marine communication industry research is segmented into three major sections – product (marine radio devices (fixed-mount VHF marine radios, handheld marine VHF radios, MF/HF radios), Marine Multifunction Displays (MFDs), Automatic Identification Systems (AIS) (AIS transponders, and AIS receivers), Vessel Monitoring System (VMS) terminals, Marine Radars VHF Data Exchange System (VDES), maritime sat phone & internet devices, and others) services (consulting services, integration & installation services, and  after-sales support & maintenance services), application (fishing boats/vessels, merchant ships, recreational vessels, working vessels, and others).

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Marine Communication Outlook By Category

By Product, Marine Communication Demand is segmented as:

  • Marine Radio Devices
  • Marine Multifunction Displays (MFDs)
  • Automatic Identification Systems (AIS)
  • Vessel Monitoring System (VMS) Terminals
  • Marine Radars
  • VHF Data Exchange System (VDES)
  • Maritime Sat Phone & Internet Devices
  • Others

By Service, Marine Communication Outlook is segmented as:

  • Consulting Services
  • Integration & Installation Services
  • After-Sales Support & Maintenance Services

By Application, Marine Communication Outlook is segmented as:

  • Fishing Boats/Vessels
  • Merchant Ships
  • Recreational Vessels
  • Working Vessels
  • Others

By Region, Marine Communication Sales is segmented as:

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

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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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Edtech Market is Expected to Reach a Valuation of US$ 288.4 Billion by 2031

According to Future Market Insights (FMI), the demand registered in the edtech market will increase at a healthy CAGR of 14.5% during the forecast period (2021-2031). The overall sales in the market are expected to reach a valuation of ~US$ 74,239.7 Mn by the end of 2021 and US$ 288.4 Bn by the end of 2031.

As per FMI, rapid technological advances and the introduction of learning through entertainment have increased the adoption of edtech worldwide. As standardization is difficult while working with multiple sites, digital learning helps individuals to access the content at any time of the day. It can also be accessed at any time in any part of the globe.

With new innovative tools or practices being launched in digital technology, online learning is helping learners adopt new changes efficiently. Hence, learning management software (LMS) is gaining wider acceptance globally. The LMS helps in managing the learning process and creating an engaging learning environment for adding more functionalities to enhance the learning capacities. Hence, companies are using LMS to make their employees better trained, and more knowledgeable about products and services.

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Key Takeaways

  • By component, the hardware segment is anticipated to account for the leading share during the forecast period. However, the software segment is estimated to grow at a CAGR of 16.7% through 2031.
  • By end user, the academic institution segment is anticipated to increase at a CAGR of 16.7% between 2021 & 2031.
  • The market in U.S. is expected to expand at a CAGR of around 11.2% through 2031.
  • In India, edtech market is estimated to grow by a CAGR of nearly 22.8% over the next ten years.
  • Edtech market in Japan is expected to witness growth by 5.1X during the forecast period.

Adaptive Learning is Gaining Traction

Adaptive learning has gained more interest due to new product development, partnership among e-learning software providers and education publishers and significant investment in adaptive learning. Adaptive learning is gaining popularity as the development of new technologies like AR and AI which is giving adaptive learning a lift at another level. The adaptive learning has the advantage of robust analytics, it also helps in confidence-based assessments and pre-learning tests that help organizations to sidestep the drawbacks of generalized learning.

Adaptive learning ensures that each learner goes through the most effective learning path. Adaptive learning helps learners to gain confidence due to the personalized feedback provided. Adaptive learning model adoption can help learner to gain the objective knowledge and various skills.

Initiative by Educational Institutes Creating Growth Opportunities

Education institutions are undertaking initiatives for encouraging the students for switching from the traditional textbooks to eBooks for learning seamlessly. For Instance, K-12 schools are replacing traditional study to new online learning to benefit student’s overall growth. This is creating opportunities for the players to offer their e-learning solution in the market.

Also, demand for micro learning is increasing as it is suitable way of learning for the new generation of learners that have shorter attention spans. Learners are provided information at a rate that matches their ability to help them absorb knowledge more efficiently.

Micro learning also helps them to improve learning transfer by 71% compared to traditional learning methods. It generates 50% more engagement, while reducing development costs by 50% and increasing development speed.

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More Valuable Insights on Edtech Market

FMI’s report on the edtech industry research is segmented into three major sections – component (hardware, software, and services), end user (government organization, academic institution, enterprises and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the Edtech demand outlook.

Edtech Market Segmentation

By Component:

  • Hardware
    • Interactive White Board
    •  AR/VR Devices
    •  Projectors
    •  Webcasting Devices
    •  Others
  • Software
    • Learning Management System Platform
    • Virtual Classroom Software
    • Others
  • Services
    • Managed Learning Services
    • Professional Services
      • Learning & Content Management
      • Consulting
      • Integration & Implementation
      • Support & Maintenance

By End User:

  • Government Organization
  • Academic Institution
    • K-12
    • College Universities
  • Enterprises
    • SMEs
    • Large Enterprises
  • Others

By Region:

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

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Data Center Substation Market Value to Grow by Almost US$ 18.2 Bn in 2032 | Future Market Insights, Inc.

According to a recent analysis by Future Market Insights (FMI), the demand in the global data center substation market is expected to increase at a healthy 6.2% CAGR over the forecast period, with the market valuation reaching US$ 9.9 Bn in 2022 and US$ 18.2 Bn in 2032

Growing demand for energy to restore the existing infrastructure is projected to fuel growth opportunities in the data center substation market.

Data centers are a vital part of the IT infrastructure. New data-intensive technologies and high-speed wireless networks have led to high demand for data centers among businesses of all sizes, right from major electricity-intensive industries to limited enterprise computing centers.

The rising focus on the replacement of old electrical substation infrastructure with upgraded, high-quality, modular, digital, and gas-insulated systems is also expected to augment the growth in the market.

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Increasing volume of structured and unstructured data coupled with the growing demand for cloud computing is anticipated to drive the growth of data center substation market. North America is expected to hold the largest share of the global cloud computing market, thereby creating a lucrative opportunity for data centers. This, in turn, offers avenues for energy transmission and distribution solutions such as data center substations.

Datacenter colocation providers in developed countries are focusing on making significant investments for constructing additional data center facilities, which is further expected to boost sales across the globe.

However, increasing adoption of data centers and virtualization of enterprises is posing as a threat to the critical data gathered by an enterprise. This is increasing the awareness about the security of this data among enterprises of all sizes.

Thus, owing to the high growth opportunities associated with the market, major vendors are partnering with various channel partners established across the globe. This is enabling solution providers to invest and expand their business in the global data center substation market.

“With growing adoption of advanced data center solutions and development of new business models after the advent of industry 4.0, countries in South Asia Pacific and Middle East and Africa, such as India, Thailand, Mexico, and Brazil, are expected to witness potential growth opportunities” says the FMI analyst.   

Key Takeaways

  • By component, the switchgears segment is expected to account for 23% of the total market share in 2022.
  • By voltage, the above 500kV segment is anticipated to expand at a 7.4% CAGR over the forecast period.
  • Sales in the Finland data center substation market are expected to account for nearly 13% of the Europe market share through 2031.
  • The market in Japan is expected to grow at a CAGR of around 8.3% through 2032.
  • In India, sales are expected to increase at a CAGR of 10.2% over the forecast period.

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Competition Landscape 

Leading players operating in the global data center substation market are investing in research and development to comply with growing demand for digital data solutions. Besides this, players are investing in mergers, acquisitions, and collaborations to expand thwir global footprint. For instance:

  • In October 2019, Schneider Electric launched EcoStruxure micro data center C-Series 43U with intelligent cooling technology. It is the latest addition, adding more capacity, more savings, and more built-in features to address the unique challenges of commercial environments.

More Valuable Insights on Data Center Substation Market

Future Market Insight’s report on the data center substation industry research is segmented into three major sections – component (MV/LV transformers, switchgears, relays, power distribution units (PDU), UPS systems, busbars, surge arrestors, and others), voltage (33kV – 110kV, 110kV – 220kV, 220kV – 500kV, and above 500kV), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the data center substation demand outlook.

Data Center Substation Market Outlook by Category

By Component:

  • MV/LV Transformers
  • Switchgears
  • Relays
  • Power Distribution Units (PDU)
  • UPS systems
  • Busbars
  • Surge Arrestors
  • Others

By Voltage:

  • 33kV – 110kV
  • 110kV – 220kV
  • 220kV – 500kV
  • Above 500kV

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By Region:

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

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Motor Monitoring Market is Expected to Progress at a CAGR of 8% from 2022 – 2032 | FMI

Motor Monitoring Market is slated to top US$ 2 Bn in 2021, likely to surge at a strong 8% CAGR during the assessment period 2022 – 2032. The increasing use of wireless communication technology in machine condition monitoring and the rising demand for predictive maintenance are two crucial factors driving the growth of the motor monitoring system market.

The trend in the automotive industry toward automated systems has mandated the use of a motor monitoring system. In addition, the need for motor monitoring systems has grown as the demand for efficient working systems has increased for greater performance and fuel efficiency.

Motor monitoring sensors are widely used in aeroplanes, buses, cranes, and trucks in the aerospace industry. The seamless integration of autonomous Electric motors in aerospace and aviation is optimistic for market expansion.

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Initiatives to modernize existing power infrastructure to fulfill global energy demand has boosted the global adoption of the motor control market. The increased use of predictive maintenance and other motor monitoring modules prompts businesses to hire a data analysis staff. To obtain accurate information on the health of motors, this team should be well-versed on motors as well as their operation in a specific machine.

As a result, the indirect cost to businesses will rise. During the forecast period, the scarcity of skilled professionals at reasonable prices is the primary factor limiting motor monitoring market growth.

KEY TAKEAWAYS:

  • Popularity of hardware is anticipated to remain high over software and services during the forecast period.
  • Mission critical applications are rising, which prompts at high adoption of online motor monitoring system.
  • Environmental repercussion from manufacturing plant failure makes oil and gas industry a prominent end user.
  • In 2020, North America accounted for 33.7% of the motor monitoring market share. The regional market encompasses the United States, Canada, and Mexico. An increase in demand for electric vehicles (EVs) and increased investment in infrastructure development in various end-user industries of motor monitoring is supporting the region’s growth.

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Competitive Landscape

Novel solution offerings and predictive analytics integration are the key drivers facilitating innovation in the motor monitoring system market through product differentiation. There are several key companies in the motor monitoring market, including ABB Group and Siemens AGThe following are recent market developments:

Product launch, product development, collaboration, partnership, and other market tactics are used by organizations to increase the motor monitoring market share.

In 2020, utilities in North America invested around USD 85 billion in power generation infrastructure and USD 246 billion in oil and gas activities, according to the International Energy Agency’s World Energy Investment 2021 report.

According to LMC International, EV and hybrid sales in North America are predicted to account for 7% and 20% of total automobile sales by 2030, respectively.

  • General Electric announced CONNECTIX, a software package and expert services, in March 2021. It covers tools and solutions for operations, maintenance, and services that help to improve operations and enable predictive maintenance and cyber-secure service solutions.
  • Siemens and Empolis signed a collaboration agreement in September 2021 to digitalize and organize organizational knowledge for drive systems. With the support of Empolis Intelligent Views Platform knowledge graphs, Siemens and Empolis have strengthened the foundation for insight generation in SI-DRIVE IQ.
  • Södra awarded ABB a contract in August 2020 to supply 70 ABB Ability Smart Sensors to assess the vibrations and performance of several motors installed on a pulp dryer.

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Motor Monitoring Market

By  Deployment Type:

  • On-premise
  • Cloud

By Monitoring Process:

  • Online
  • Offline/Portable

By End User:

  • Automotive
  • Oil & Gas
  • Metals and Mining
  • Power Generation
  • Water and Wastewater Treatment
  • Food & Beverages
  • Chemicals

By Offering:

  • Software
  • Hardware
  • Services

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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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Date Syrup Market – Detailed Account of Growth Drivers, Trends, Opportunities and Challenges Impacting by 2031

Demand for date syrup is expected to reach US$ 339.0 Mn in 2021, according to the latest Future Market Insights (FMI) study. The market value is expected to surpass US$ 630.0 Mn by 2031, exhibiting growth at healthy CAGR of 6.4% for 2021-31.

The market will particularly gain from the surging application of date syrup in nutraceutical and food service industries in the Middle East and Africa. Besides this, demand in South Asia is expected to increase at an accelerated pace over the forecast period.

Consumer preference for clean label products and ingredients derived from natural sources for their food items will steer growth in the market. The same trend is driving sales of date syrup in nutraceutical and cosmetics industry.

Growing product knowledge has resulted in more awareness in consumers than ever before. Today, consumers are just not satisfied by choosing any food just because its label says “high quality”, but they intend to know its constituents and processing.

For instance, Arat Company Pjs, ensures strict compliance to BRC Grade AA, IFS, ISO 22000 Food Safety, Kosher, ISO 9001:2015, HACCP, ISIRI and Halal and includes nothing but dates and water for processing and producing its high quality dates syrup.

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Key Takeaways from the Date Syrup Market Study:

  • Date syrup market is expected to total US$ 630 Mn by 2031.
  • The Middle East and Africa (MEA) will emerge as the leading market, accounting for the lion’s share of date syrup sales. FMI has pegged the demand in MEA to grow by 5% CAGR.
  • In North America, sales of date syrup will accelerate on account of surging demand from the U.S.
  • Within Europe, Germany, France and the U.K. will spearhead sales of date syrup.
  • Despite China’s dominance in East Asia, sales of date syrup will increase at a higher rate in Japan and South Korea.

Need for Stable Shelf-life Products Driving the Demand for Date Syrup

Work-centric lifestyles of dominating population has caused a major shift in demand for the type and properties of food products. People today are opting for food items that have extended seasonality, easy application, and multi-purpose for the sole reason of convenience, which these food products offer to the evolving consumers.

This has compelled several leading manufacturers to subsidize research and development to uncover more natural ways to keep food shelf-stable for an extended period of time.

Date syrup is no exception to this. The product itself is insured of seasonality as soon as it is produced. Even the syrup manufacturers with their innovation potentials, have developed syrups that do not even require the application of refrigeration to ensure slow degradation.

For instance, Ratinkhosh Co., provides a minimally processed dates syrup, which comes with a shelf-life of 2 years without the use of any type of preservatives or artificial ingredients.

Who is Winning?

Some of the leading companies offering date syrup are Al Foah, Malabar Food Products, Just Dates Syrup, Ario Co, Sun Seas Business Group, BIONA, Parsunday Symbol Co., BOMBUS, Rapunzel Naturkost, D’VASH Organics, Ratinkhosh Co, EZEEBEE OVERSEAS PVT LTD, Lion Dates Impex Pvt. Ltd., Ambrosia Delicatessen, ARAT COMPANY PJS, Minoo Industrial Group, Emirates Dates, Date Lady, and Others.

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Date Syrup Market by Category

By Nature:

  • Organic
  • Conventional

By End Use:

  • Food & Beverage Industry
    • Bakery & Confectionery
    • Dairy & Desserts
    • Snacks & Cereals
    • Beverages
    • Others
  • Nutraceuticals
  • Cosmetics and Personal Care Industry
  • Foodservice Industry
  • Retail/ Household
  • Others

By Distribution Channel:

  • Business to Business
  • Business to Consumers
    • Hypermarkets/ Supermarkets
    • Specialty Stores
    • Convenience Stores
    • Online Retail

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Key Questions Answered in the Report

What is the current date syrup market size?

The date syrup market is expected to total US$ 339 Mn in 2021.

What is the demand outlook for the date syrup market?

The date syrup market is expected to top US$ 630 Mn by 2031, exhibiting growth at 6.4% CAGR between 2021 and 2031.

At what rate did the demand for date syrup grow in the last five years?

The date syrup market registered 4.7% CAGR in terms of value between 2016 and 2020.

What is the North America date syrup market outlook?

The sales of date syrup will grow by 5.8% in North America.

Name some of the leading companies operating in the date syrup market.

  1. Al Foah, Malabar Food Products, Just Dates Syrup, Ario Co, Sun Seas Business Group, BIONA, Parsunday Symbol Co., BOMBUS, Rapunzel Naturkost, D’VASH Organics, Ratinkhosh Co, EZEEBEE OVERSEAS PVT LTD, Lion Dates Impex Pvt. Ltd., Ambrosia Delicatessen, ARAT COMPANY PJS, Minoo Industrial Group, Emirates Dates, and Date Lady among others are the leading market players.

What is the Japan and South Korea date syrup market outlook?

The Japan and South Korea date syrup markets are expected to register growth at 9.6% CAGR and 9.2% CAGR, respectively.

About FMI

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

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Sleep Apnea Devices Market size worth US$ 9.5 Bn by 2026 at a CAGR of 7.8% | FMI

The global sleep apnea devices market size is anticipated to grow at a CAGR of 7.8% over the forecast period, from US$ 7 billion in 2021 to US$ 9.5 billion by 2026.

The expanding prevalence of sleep apnea and related co-morbidities and expanding knowledge about sleep disorders are among the primary drivers driving overall sleep apnea devices market expansion.

Technological improvement is expected to boost the sleep apnea devices market growth during the forecast period. These improvements in oral appliances, oxygen devices, and actigraphy systems have improved sleep disorders’ treatment results and success rate.

Players in the sleep apnea devices market are concentrating their efforts on research and development in order to create novel technology.

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Newly released lightweight, portable sleep apnea solutions are integrated with pressure compensating sensors that can correct for altitude-related reductions in atmospheric pressure, enhancing their acceptance. Sleep apnea devices are becoming increasingly popular since they provide patients with more options and freedom.

Thus, the adoption of technology-enabled sleep apnea devices for both diagnostic and therapeutic reasons in various sleep disorders is expected to skyrocket in the future years.

One of the key challenges impeding the adoption of sleep apnea devices is a lack of commitment to sleep apnea therapy. Positive airway pressure sleep apnea devices are highly recommended for treating a variety of sleep disorders. Despite their great effectiveness, these devices’ action efficacy is limited in certain circumstances due to the fact that they require correct and frequent usage as well as ongoing medical monitoring.

In the medium term, this lack of adherence will be a key impediment to the expansion of the sleep apnea equipment market. However, in the long run, it will have little influence because sleep apnea devices manufacturers are focusing on making their sleep apnea devices more technologically sophisticated and lowering the difficulties associated with their adherence to sleep apnea therapy.

The increased incidence of sleep disorders and related co-morbidities is predicted to considerably enhance sleep apnea devices market revenue.

The rapidly rising senior population suffering from sleep apnea and related health concerns have accelerated the need for sleep disorders diagnosis and treatment, which has favourably impacted the sleep apnea devices market revenue.

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Key Takeaways:

  • By type, therapeutic devices account for the majority of the market for sleep apnea devices owing to the increasing adoption of sleep apnea therapeutic devices and improving reimbursement scenarios for these devices.
  • By end use, the home care settings segment is expected to grow at the fastest CAGR due to increasing patient and insurance company preference for home sleep testing, as well as a favourable reimbursement scenario for home sleep testing.
  • Due to the rising prevalence of elderly people with chronic diseases such as diabetes and obesity, the geriatric segment is expected to dominate the sleep apnea devices market, thereby spiking the sales of sleep apnea devices.
  • The direct tender segment is expected to dominate the global sleep apnea devices market since it provides high-quality and easily accessible sleep apnea devices to hospitals, diagnostic centers, ambulatory care centers, and specialty care centers.
  • During the forecast period, Asia Pacific is expected to advance at a rapid pace and experience huge demand for sleep apnea devices on account rising elderly population and an increase in the prevalence of lifestyle illnesses.

“North America is projected to be at the forefront of the sleep apnea devices market due to the prevalence of expanding technological advancement in the region and major market players. On account of rising healthcare costs and well-established healthcare infrastructure, the obstructive sleep apnea syndrome segment in the United States of North America is expected to hold a large sleep apnea devices market share.” says an FMI analyst.

Competitive Landscape:

The major sleep apnea devices market companies providing sleep apnea devices are:

  • ResMed
  • Itamar Medical Ltd.
  • Natus Medical Incorporated
  • CONTEC MEDICAL SYSTEMS CO., LTD
  • Koninklijke Philips N.V.
  • BMC Medical Co., Ltd.
  • SomnoMed, Medicom MTD Ltd
  • Somnowell
  • Fisher & Paykel Healthcare Limited

Many product launches and agreements are also being initiated by companies around the world, which is accelerating the sleep apnea devices market opportunities.

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Key Segments

By Product

  • Therapeutics

Airway Clearance Systems

Adaptive Servo-ventilation (ASV)

Positive Airway Pressure (PAP) Device

Oral Appliances

Oxygen Devices

Others

  • Diagnostics

Actigraphy Systems

Polysomnography (PSG) Device

Respiratory Polygraph

Sleep Screening Devices

By End User

Home Care Settings & Individuals

Sleep Laboratories & Hospitals

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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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