Market Research Blog

The Fiber to the Home Market is slated to increase at a CAGR of 14.7% to reach a valuation of US$ 20,641.8 Mn in 2022 and US$ 53,898.7 Mn by 2029. An increase in the installation of smart systems at home, and a rise in the usage of mobile apps are the two crucial parameters that are boosting the demand for high-speed Internet. On the back of these factors, the demand for fibre to the home (FTTH) is projected to increase during the forecast period of 2022-2029.

Growing adoption of technology advancement solutions such as cloud computing, e-Governance, e-Learning, e-Health, and smart grids, are other major factors due to which the demand for high-speed fiber to the home is expected to increase during the forecast period.

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Key Takeaways of Fiber to the Home Market Study

• The 50 to 100 Mbps segment is the key download speed segment, which accounted for the largest share of the fiber to the home market in 2021.
• The smart home application segment is expected to be the most lucrative segment in the FTTH market during the forecast period, owing to the increasing number of smart homes in North America and Western Europe.
• Among all the segments by application, the VoIP segment dominated the global fiber to the home market in terms of revenue in 2021.
• Asia Pacific Excluding Japan is expected to hold the largest share in the fiber to the home market over the forecast period. Moreover, India is anticipated to exhibit an impressive CAGR during the forecast period.

Supportive Government Initiatives for Better Internet Infrastructure to Propel FTTH Market Growth

Increasing government initiatives to promote industrialization and digitalization in developing countries offers a regional expansion opportunity for providers in the fiber to the home market. Rapid increase in data traffic in developing economies such as India, Mexico, and Brazil is another factor that is creating profitable opportunities for service providers in the FTTH market.

More Valuable Insights on Fiber to the Home Market

In its latest report, Future Market Insights offers an unbiased analysis of the global fiber to the home market, providing historical data for the period of 2014-2021 and forecast statistics for the period of 2022-2029.

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Fiber To The Home Market Outlook by Category

By Download Speed :

• Less than 50 Mbps
• 50 Mbps to 100 Mbps
• 100 Mbps to 1 Gbps
• More than 1 Gbps

 By Application :

• Internet TV
• VoIP
• Interactive Gaming
• VPN on Broadband
• Virtual Private LAN Service
• Remote Education
• Smart Home Application

By End User :

• Single Family Homes
• Multiple Dwelling Units
• Small Office Home Office

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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 7-years.

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Air Quality Monitoring Equipment Market is slated to increase at a CAGR of 7.3% to reach a valuation of US$ 10,042.8 Mn by 2029.

The emergence of smart air quality meters and growing partnerships between private-public institutions for air pollution monitoring are factors creating potential growth opportunities for the air quality monitoring equipment market. According to FMI’s report, factors such as rising air pollution, increasing government initiatives on reducing air pollution, and rapid industrialization in developing economies across the globe are projected to drive the growth of the air quality monitoring equipment market.

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Key Takeaways of Air Quality Monitoring Equipment Market Study

• Continuous rise in air pollution levels in urban areas and stringent government regulations and laws towards environmental protection are expected to boost the air quality monitoring equipment market growth.
• North America dominated the air quality monitoring equipment market in 2021 in terms of revenue, owing to the presence of early technology adopters in developed countries such as the U.S. and Canada.
• The adoption of indoor air quality monitors is expected to gain significant traction during the forecast period, owing to the increasing demand for smart air quality monitors in smart cities across the globe.
• Demand for air quality monitoring equipment solutions in the residential sector is expected to increase at a striking CAGR during the forecast period, owing to increasing demand for IoT-based indoor air quality monitors in pharmaceutical and petrochemical industries.
• Lack of awareness about indoor air pollution and dearth of strict regulations for air quality monitoring in various countries are some of the factors hindering the growth of the air quality monitoring equipment market.

Increasing Focus of Key Players on Product Innovation

Companies in the air quality monitoring equipment market are investing more towards advanced technologies like IoT and Machine Learning (ML) to develop advanced air quality monitoring equipment to minimize indoor and outdoor air pollution. Leading players are adopting business expansion, acquisition, and collaboration strategies in a bid to capture a significant share of the global market.

• For instance, in July 2022, SKC Ltd acquired Colormetric Laboratories, Inc. (CLI) to add CLI products, longstanding sampling solutions that help maintain the health and safety of workers. The company looks forward to continuing to provide the same great CLI products with excellent customer and technical support.

Some of the key players in the air quality monitoring equipment market are SKC Ltd, TSI Incorporated, Aeroqual Limited, Thermo Fisher Scientific, Testo, Honeywell, PCE Instruments, Opsis AB, Ecotech, ENVEA group, Vaisala, LumaSense Technologies, and Oizom Instruments.

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More Valuable Insights on Air Quality Monitoring Equipment Market

Future Market Insights puts forward an unbiased analysis of the global air quality monitoring equipment market, providing historical data of 2014-2021 and forecast statistics for 2022-2029. To understand the opportunities in the air quality monitoring equipment market, the market has been segmented on the basis of component, equipment type, and end user, across seven major regions.

Air Quality Monitoring Equipment Outlook by Category

By Component :

• Air Sampling Pumps
• Sorbent Tubes
• Filters & Membranes
• Sample Bags
• Other Accessories

 By Equipment Type :

• Indoor Air Quality Monitors
  • Fixed Indoor Air Quality Monitors
  • Portable Indoor Air Quality Monitors
• Outdoor Air Quality Monitors
  • Fixed Outdoor Air Quality Monitors
  • Portable Outdoor Air Quality Monitors
  • Air Quality Monitoring (AQM) Stations

By End User :

• Residential
• Government Environment Monitoring Agencies
• Commercial
  • Hotels & Restaurants
  • Corporates & Academic Institutions
  • Construction & Real Estate
  • Others
• Industrial
  • Energy & Utilities
  • Pharmaceuticals
  • Petrochemicals
  • Others

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By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• GCC Countries
• Middle East & Africa

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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 7-years.

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The global 3D printing market is set to witness an impressive growth rate of 20.5% over the forecasted years of 2022 to 2032. The 3D printing market size is anticipated to reach a valuation of around US$ 148.4 Billion by the end of year 2032 from the current valuation of US$ 22.9 Billion in 2022.

The widespread demand for 3D printers in the manufacturing sector for machining, modelling, and prototyping is the major factor for the 3D printing market growth. Owing to this fact, the industrial 3D printers segment is thus anticipated to maintain its dominance over the global 3D printing market during the forecasted years.

Due to the widespread implementation of the technology across several 3D printing processes, Direct Metal Laser Sintering or DMLS technology type accounted for a highest revenue share in 2022. Due to the fact that these technologies can be used in specialized additive manufacturing processes, the DLP, EBM, inkjet printing, and DMLS sectors are anticipated to see a rise in acceptance throughout the projection period.

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One of the earliest and most widely used 3D printing processes is stereolithography, whose contribution share was valued for about US$ 3 Billion for the year 2022. But even though the benefits and ease of use of stereolithography technology are promoting its adoption, technological advancements and intense R&D activities carried out by 3D printing company experts and researchers are creating opportunities for a number of other effective and dependable technologies

Key Takeaways from Market Study

• The overall growth of the global 3D printing market is estimated to be around US$ 31.38 Billion over the forecast decade covering the years 2022 to 2032, by following the average CAGR of 4.5%.
• The 3D printer machine is the highest grossing component type with a valuation of US$ 11 Billion in the current year that accounts for more than half of the total market value.
• The Direct Metal Laser Sintering or DMLS technology segment is the most preferred category for the global 3D printing market that contributes for almost 23% of the overall size.
• On the Basis of application, prototype segment dominates the 3D printing market trends with a market valuation of US$ 10.8 Billion in 2022.
• Consumer goods or electronics manufacturing is the largest end use vertical of the 3D printing market share that contributes for more 205 of the total sales
• The North America 3D printing market share is the largest among all the broad geographical regions. It is estimated to be valued around US$ 8.1 Billion IN 2022 and can reach up to a valuation of US$ 50.3 Billion by the end of the forecast period in 2032.

Competitive Landscape

Some of the well-known packaging 3d Printing market players are Stratasys, Ltd., Materialise, EnvisionTec, Inc., 3D Systems, Inc., GE Additive, Autodesk Inc., Made In Space, Canon Inc., and Voxeljet AG among others.

In line with rising requirement for 3D printing applications in several industrial verticals for manufacturing and innovation purposes, 3D printing market key players are consistently improving the technology. The leading 3D printing companies are spotting opportunities for business evolution through the use of additive manufacturing into the procedures for developing new products.

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3D Printing Market by Segmentation

By Component:

• 3D Printers
• 3D Printing Services
• 3D Printing Software
• Consulting Services
• Support Services
• Others

By Technology:

• Digital Light Processing (DLP)
• Direct Metal Laser Sintering (DMLS)
• Electron Beam Melting (EBM)
• Fused Deposition Modelling (FDM)
• Selective Laser Sintering (SLS)
• Stereolithography
• Others

By Application:

• Production Parts
• Prototypes
• Tools & Fixtures

By Industry :

• Aerospace & Aeronautics
• Automotive
• Consumer Goods
• Healthcare & Medical Devices
• Industrial
• Others

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By Region:

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

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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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Optical Networking Market is anticipated to progress at a high CAGR of 8.4% to reach a valuation of US$ 24.8 Bn by 2029. The report opines that Asia Pacific excluding Japan (APEJ) will remain a significant market for optical network providers, owing to strong growth prospects of 5G technology among mobile network operators in the region. 5G will be relying on fiber as an advanced radio technology to deliver front haul for Cloud-RANs (radio access networks) and backhaul for dense, fast networks.

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Key Takeaways of Optical Networking Market Study

• North America holds a significant revenue share in global optical networking market through 2029.
• Network design service would remain sought-after in the global optical networking market.
• Optical fiber, as a preferred product, will continue to capture a significant market share throughout the forecast period.
• Demand for fiber channels is set to grow at an impressive CAGR through 2029. WDM (Wavelength-division multiplexing) is however projected to remain estimated to continue to hold significant market share in the global optical networking market during the forecast period.

Competitive Landscape

Top market players in the worldwide optical networking industry use variety of methods such as product launches, product design, association, collaborations, and contracts. Market players are focusing on updating their optical networking technologies to achieve a market position.

• Huawei Technologies Co.
• Nokia
• Cisco
• Ciena
• ADTRAN
• Broadcom
• Fujitsu Optical Components

For instance,

• SingleRAN Pro is designed by Huawei Technologies to broaden the Wireless First approach to cover more services and support operators in moving into new functional departments. SingleRAN Pro has new 5G capabilities such as a tenfold increase in network capacity, coverage, and improvement in user experience. The solution also included artificial intelligence (AI) to help networks run more smoothly.

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Increasing Demand for ROADM-based Optical Network to Propel Sales

Network providers are moving to more automated, software-driven, high scalable connections that offers new cost savings, and efficient service agility.

There is a growing demand for ROADM-based optical foundation that depends on instrumented photonics, flexible, and Layer 0 software to control and scale the connection for maximum capacity at the lowest power, space, and cost per bit. Therefore, introduction of high-speed analogue circuit is expected to drive the growth of the global optical networking market.

Know More About What the Optical Networking Market Repost Covers

Future Market Insights offers an unbiased analysis of the global optical networking market, providing historical data for 2014-2021 and forecast statistics from 2022-2029. To understand opportunities in the optical networking market, the market is segmented on the basis of component type, technology, service, and end user across seven major regions.

Key Segments Of Optical Networking Industry SurveyOptical Networking Market by Component :

• Optical Fibers
• Optical Switches
• Optical Amplifiers
• Optical Splitters
• Optical Transceivers
• Optical Circulators

Optical Networking Market by Technology :

• SONET
• WDM
  • CWDM
  • DWDM
  • ROADM
• Fiber Channels

Optical Networking Market by Service :

• Network Design
• Data Centre
• Network Maintenance and Support

Optical Networking Market by End User :

• Military & Defense
• BFSI
• IT & Telecom
• Government
• Others

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Optical Networking Market by Region :

• North America Optical Networking Market
• Latin America Optical Networking Market
• Europe Optical Networking Market
• East Asia Optical Networking Market
• South Asia & Pacific Optical Networking Market
• Middle East & Africa (MEA) Optical Networking Market

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About Us

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

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The Fire Alarm Systems Market is slated to increase at a CAGR of 5.8% to reach a valuation of US$ 33,521 Mn by 2029. The commercial and residential construction sectors now have to follow strict government safety standards and regulations regarding fire alarm systems and fire safety components. Modern systems have advanced capabilities as compared to the older, basic ones, including advanced equipment for smoke/flame detection and signalling.

These systems use new technologies such as cloud-based fire alarm control panels and video-based smoke/flame detectors. Commercial fire alarm systems are capable of detecting threats and generating a signal in order to alert people in the building and deliver information to the monitoring company, allowing them to deploy emergency responders.

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Key Takeaways of Fire Alarm System Market Study

• Addressable systems are estimated to continue to hold a significant market share of the global fire alarm systems market among all the segments by solution, during the forecast period of 2022-2029.
• Designing & installation services are estimated to continue to hold the largest market share of the global fire alarm systems market among all the segments by professional service, during the forecast period.
• Among all the applications, the industrial sector is estimated to register the highest CAGR in the global fire alarm systems market.

Increasing Demand for Fire Alarm Systems in Construction Industry

The industrial sector requires secure facilities that integrate industrial process systems and equipment designed to produce end products such as vehicles, textiles, chemicals or processed metals, and electricity. Rising demand for secure infrastructure is expected to lead to increasing installation of fire alarm systems.

Competitive Landscape

Key providers of fire alarm systems are focusing on adding innovative capabilities into their current fire safety solutions. This is helping them to enhance and upgrade their fire alarm systems portfolio.

• For instance, in June 2019, Fike Corporation launched 3MTM Novec TM 1230 Fire Protection Fluid in its patented Impulse Valve Technology fire suppression system. It is waterless, discharged as a gas, leaves no residue, and is electrically non-conductive, making it an ideal solution for quickly extinguishing fires in spaces occupied by electronics or irreplaceable assets and where business continuity is critical.
• In June 2019, Halma acquired Ampac, a leading fire and evacuation systems supplier in Australia and New Zealand markets. Ampac brings strong brand equity, robust technology, and established routes to market.

Key Players 

• Johnson Controls
• United Technologies Corporation
• Honeywell International
• Siemens
• Halma
• Eaton

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More Valuable Insights on Fire Alarm Systems Market

Future Market Insights offers an unbiased analysis of the global fire alarm systems market, providing historical data for 2014-2021 and forecast statistics for 2022-2029.

Fire Alarm Systems Market Outlook By Category

By Solution :

• Type of System
  • Conventional Fire Alarm Systems
  • Addressable Fire Alarm Systems
• Services
  • Professional Services
    • Consulting
    • Designing & Installation
  • Managed Services

By Application :

• Commercial
• Industrial
• Residential

 By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• Middle East & Africa

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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The Advanced Distribution Management Systems Market is predicted to reach US$ 12,102.0 Mn by 2029 and show a remarkable 20% CAGR between 2022 and 2029. Advanced distribution management systems have significantly benefitted users looking for efficient data security, higher reliability, improved power distribution, and flexibility in restoring normal functions after a natural disaster.

These systems supply situational intelligence that ensures efficient and reliable smart grid analysis and management during a rapidly switching network. The adoption of advanced distribution management systems is increasing in smart cities, as these systems manage, control, optimize, visualize, and automate distribution networks.

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Key Takeaways of Advanced Distribution Management Systems Market Study

• The energy & utilities industry is estimated to continue to hold significant market share among all segments by industry during the forecast period, owing to optimized energy distribution, reduction in electricity losses, and minimal electricity shortages.
• Among all the applications, fault location and isolation & service restoration is estimated to register notable CAGR, as FLISR reroutes power to reduce power supply faults, power shortages, and other disturbances.
• Asia Pacific excluding Japan is witnessing an impressive growth rate in the global advanced distribution management systems market, as governments in countries such as China, South Korea, and India are trying to balance the demand and supply of power to ensure efficiency and cost effectiveness.

Urbanization, Industrialization, and Increasing Rate of Electrification Driving Market Growth

The world is witnessing an increase in transmission, generation, and distribution of energy. With growth in the energy sector, the demand for electricity is increasing at a rapid pace. In 2021, the global demand for electricity increased by 4% to more than 23,000 TWh.

Also, rising urbanization on a global scale is increasing the rate of electrification at houses, commercial places, and end-use sectors, which is further boosting the demand for advanced distribution management systems. Furthermore, rapid industrialization in various developed and emerging economies is generating demand for electricity as a primary source for modern development.

Apart from this, strong economic growth in emerging countries such as India and China, combined with rapid urbanization and growth in investments in these countries, are factors propelling market growth. The Government of India has invested US$ 44.9 Bn in smart grid infrastructure, which is bolstering the demand for smart grid technology and thus, fueling the growth of the advanced distribution management systems market.

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Advanced Distribution Management Systems Outlook By CategoryBy Solution :

• ADMS Platforms
• Services
  • Support &Maintenance Services
  • Consulting
  • Integration & Implementation

 By Application :

• Supervisory Control & Data Acquisition
• Distribution Management Systems
• Outage Management Systems
• Distributed Energy Resource Management Systems
• Geospatial Information Systems
• Fault Location and Isolation & Service Restoration

 By Industry :

• Transportation & logistics
• Energy & Utilities
• Oil & Gas
• Manufacturing
• Others

 By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan
• Japan
• Middle East & Africa

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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The global transformer oil market is anticipated to reach a value of US$ 8,703.2 Mn by the end 2032, opines Future Market Insights (FMI). Rising power and electricity demand, growing installation of transformers, and expansion of electric grids are some prominent factors boosting the growth in the transformer oil market.

Consumption of transformer oil is predicted to surge amid rapid industrialization, increasing technological advancements, and expansion in cross-border electricity trade. Further, with growing energy transitions, and increasing shift toward green and environmentally-friendly technologies, the market is expected to gain traction over the upcoming decade.

Further, significant expansion of power generation sector is aiding the demand for transformer oil in oil-filled power and distribution transformers. Various emerging economies including China, India, Brazil, and ASEAN are aiming to provide electricity distribution infrastructure & networks to undeveloped rural areas.

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Key Takeaways:

• The global market of transformer oil is projected to witness a CAGR of 0% during the period of 2022 and 2032.
• China is anticipated to remain one of the prominent market in the global market of transformer oils.
• By oil type, mineral oil is expected to remain one of the fastest growing segments, and is further estimated to account for about 2% of the overall market share.
• Transformer and switchgears segment is expected to remain key application for the consumption of transformer oil, collectively accounting for more than 80% of the overall consumption.
• By end use industry, transmission and distribution is expected to witness a consumption rate of about 8% CAGR in the transformer oil market.

“Rising power consumption, development in power generation and distribution network sectors, and growing need for fault-free power supply in industrial, commercial, and residential sector are driving the sales of the transformer oil market.” says an FMI analyst.

Competitive Landscape

The market of transformer oils is estimated to be a consolidated market, where key players are expected to account for a key share of the market. Some of the top manufacturers include Royal Dutch Shell, Exxon Mobil Corporation, Repsol, Nynas AB, Sinopec Lubricant Company, APAR Industries, PetroChina Company Limited, Savita Oil Technologies Limited, Chevron Corporation, M&I Materials Limited, Petro-Canada, Gandhar Oil, Lubrita, Phillips 66 Company, Ergon, Inc., and many others are the some of the manufacturers of transformer oil profiled in the full version of the report.

Key players are focusing on expanding their production capacity to increase their market presence. Further, they are also adopting strategies such as acquisitions and collaborations of large and small players to capitalize on the growing demand for transformer oil in emerging economies.

For instance, in May 2022, Saudi Aramco Base Oil Company – Luberef signed an Memorandum of Understanding (MOU) with APAR Industries Limited to build a Transformer Oil/White Oil plant at the LubeHub, which will support localization of specialty products in KSA.

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Transformer Oil Market Segmentation

By Oil Type:

• Mineral Oil
  • Paraffinic
  • Naphthenic
• Silicone Oil
• Bio-based Oil

By Application:

• Transformer
• Switchgear
• Reactor

By End Use Industry:

• Transmission & Distribution
• Power Generation
• Railways & Metros

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More Insights into the Transformer Oil Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the global transformer oil market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on oil type, application, end use industry, and region.

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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The global tool holders market to grow with a year on year growth of 5.2% in 2022 reaching a value of about US$ 1,173.4 Mn by 2022 end. Tool holders are necessary for connecting high-speed tools such drills, taps, milling cutters to a machine in an efficient and safe manner.

It is very crucial in mechanised procedures that need high degrees of precision. This is due to the fact that they serve as the link between a tool and a machine. Product quality, machine life span and process noise are all affected by the tool holder used in high precision mechanised operations. The global business is anticipated to witness a considerable value CAGR of 5.4% during the period of 2022 and 2028.

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FMI has identified North America to remain key market for tool holders over the forecast period owing to increasing demand from end use applications. The region is estimated to witness a value CAGR 4.3% in the industry of Tool Holders. Global tool holders market is expected to account for about 1.5% of global machine tool market.

Key Market Insights at a Glance:

• The demand for tool holders is anticipated to grow at a moderate pace over the forecast period.
• Asia Pacific is estimated to hold a prominent share of the global tool holders market.
• Initiatives by regional governments are likely to encourage the movement of low-cost manufacturing towards parts of South-East Asia, thereby creating healthy growth prospects create healthy growth opportunities in Asia Pacific region.
• China will remain the largest consumer of machine tools, followed by U.S.
• The tool holders market is consolidated with Tier-1 players accounting for significant shares.
• The top three players of the market are estimated to account for more than a 50% market share.
• On the basis of types of tool holder, hydraulic tool holders segment is slated to remain a high value – high growth segment.
• In terms of end-use, general machining and fabrication and the automotive industries are likely to push maximum revenue into the tool holders market. The two end-use industries are estimated to collectively account for around 47% value share in the global tool holders market.
• BT Flange Taper will remain the most preferred taper type among CNCers, in terms of volume and value, given its high degree of accuracy and precision, in any high-speed machining operations.

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Takeaways from Competitive Landscape Analysis

• In a moderately consolidated landscape, tier-1 companies such as Kennametal Inc., Sandvil AB, and BIG DAISHOWA Group among others hold approximately 55-65 percent market share.
• Tier-2 companies, on the other hand, hold nearly 35-45 percent market share. Such companies include Guhring, Inc., CERATIZIT GROUP, KYOCERA UNIMERCO A/S, Kemmler Precision Tools GmbH, and Haimer GmbH among others.
• Key players are projected to focus on enhancing product quality by implementing new technologies, tough and long-lasting equipment and consumables materials with added features at a competitive price.
• Top companies are also looking to target major manufacturing industries such as metal fabrication and automotive by offering high cutting accuracy with increased productivity

Laser Cutting Technologies Could Restrict Tool Holders Sales

Laser cutting, a streamlined and precision manufacturing process, is likely to pose challenges for tool holders given its ability to not just cut materials but also apply finish to a product. Apart from lower risks of material deformation or warping, since there is no direct contact between the material and the laser cutting device, chances of incorrect markings and contamination further reduces. Although laser cutting could be technically challenging and costly, end-use industries demanding high cutting precision such as automotive, are projected to replace traditional tool cutting equipment. However, high market penetration of relatively low cost tool holders

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About Us

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

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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