Desert Air Cooler Market is Projected to Total US$ 560.1 Million in 2022 | FMI

The global desert air cooler market valuation is set to reach US$ 560.1 Mn in 2022. Increasing demand for centralized cooling systems is expected to drive sales at a robust 9.2% CAGR, with the market size topping US$ 1346.9 Mn in 2032.
Surging construction in the residential sector and the rising demand for multi-functional appliances are creating lucrative growth prospects for desert air cooler market, finds Future Market Insights (FMI). Desert air coolers are energy efficient, they reduce carbon footprint, and are pollutant free. They also consume less electricity and therefore make for a cost efficient option.

Desert air coolers, also known as evaporative air coolers use the phenomenon of evaporation to reduce temperature in the surrounding area. Increasing technological advancements and rising disposable income are a few factors favoring the expansion of the market.

When compared to evaporative air coolers, traditional conditioners are far costlier in terms of maintenance and require higher energy. Evaporative air cooler especially the portable ones are currently enjoying the spotlight because they are easy to transport and offer greater convenience and efficiency.

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Key Takeaways from Desert Air Cooler Market Report:

  • The desert air cooler market is expected to rise at a CAGR of 9.2% during the period of 2022-2030
  • The market is predicted to reach a value of US$ 1346.9 Mn  by the end of the forecast period
  • Favorable geographical conditions and willingness among consumers to spend on multi-functional appliances are favoring growth in East Asia and South Asia
  • The 50-60 Lt desert air coolers are gaining traction due to their greater lifecycle.
  • Evaporative air cooler residential models are in high demand and will continue being a top choice among consumers through the forecast period
  • Mini desert air coolers are popular in the market due to their convenient and suitable features.

“Thanks to soaring environmental concerns, consumers are rendered conscientious. Leading brands are therefore focusing on offering innovations to increase energy efficiency of their products. Besides this, they are focusing on improving their online presence to gain competitive advantage,” said a lead analyst at FMI.

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COVID-19 Impact Analysis

The COVID-19 pandemic severely affected all sectors, including the desert air coolers market. Bans imposed on travel and transport had disrupted the sourcing of raw materials, bringing production to a halt. The implementation of lockdowns in several countries during the summer decreased sale of commercial air coolers.

Decline in sales caused the price of desert air cooler prices to increase. While the market hit a low in 2020, it is expected to recover and grow at a steady pace due to increasing concerns regarding the environment once the coronavirus passes.

Who Is Winning?

Key players in the market are now focusing on introducing intelligent technologies in commercial air coolers to increase their convenience. Artificial Intelligence is being incorporated to increase efficiency and improve energy conservation. The introduction of multifunctional air coolers have bode well for the market since they perform better than a cooler, a fan, or a humidifier.

Some of the key players in the market are Fujian Jinghui Environmental Technology Co. Ltd., Bajaj Electricals Ltd., Delta Cooling Tower Inc., Climate Technologies, Havells India Ltd., LG Electronics Inc., Orient Electric Limited, Samsung Group, Symphony Limited, Honeywell International Inc., GE Appliances, Aolan Industry Co. Ltd., Sharp Corporation and Koninklijke Philips N.V.

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Desert air cooler Market by Category

Water Capacity:

  • 30-40 Lt
  • 40-50 Lt
  • 50-60 Lt
  • 60-70 Lt
  • 70 Lt and Above

Price:

  • Premium
  • Mid-Range
  • Economy

Application:

  • Indoor
  • Outdoor

End Use:

  • Residential
  • Commercial
    • Enterprises/Offices
    • Hotels/Restaurants
    • Schools/Universities
    • Retail

Sales Channel:

  • Wholesale/Distributors
  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Multi-Brand Stores
  • Online Retailers

Region:

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

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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Sun Care Products Market is Forecast to Reach a Valuation of US$ 1.3 Billion in 2022 | FMI

The global sun care products market is forecast to reach a valuation of US$ 1.3 Bn in 2022. Increasing expenditure on personal care and beauty products across the globe will boost sales at a 6.9% CAGR, with the total valuation reaching US$ 2.6 Bn by 2032.

FMI analysts opine that organic – which has made deep inroads into many F&B and cosmetics categories – is also making a mark in the sun care products landscape, with many consumers diligently checking labeling to know the ingredients.

The market has witnessed steady growth in the past few years, especially on the account of active ingredient incorporation, and the development of multifunctional formulations, which not only protect the user from the sun, but also provide skin lightening and anti-aging characteristics, which are also likely to boost growth.

Nanoparticles such as zinc oxide and titanium dioxide are finding application in sun care product formulations, enabling uniform application, lower residue and higher product efficacy, which is considered to help in popularity of these products among potential buyers.

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Strict regulations associated with ingredients and labeling in the North American and European industries, coupled with lower awareness about the risks of sunlight exposure in rural areas and developing countries are key challenges for market players.

FMI’s report offers an exhaustive overview, covering key market dynamics. Some of the takeaways from the report include,

  • Market valued at valuation of US$ 1.3 Bn in 2022, with demand slowing down during the coronavirus pandemic
  • Sun care creams expected to remain highly sought-after on the back of easier application, and potential for optimized skin nutrition profiles
  • Sales of sun care products higher in women as compared to men
  • US and EU4 key to growth. However, many countries in Asia Pacific are displaying highly lucrative opportunities for manufacturers for geographical expansion.

“Manufacturers have transitioned to natural and organic ingredients to appeal to new consumer demographics. In addition, the extraction of natural ingredients provides better margins through cheaper raw materials,” said a lead analyst at FMI.

Covid-19 Impact on Sun Care Products Market

The global personal care and cosmetic industry has felt a substantial impact of the coronavirus crisis. Sales in the first half of 2020 have been largely weak. In addition, the large number of retail store closures have also affected the market.

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Consumer priorities to spend discretionary income on essential commodities, coupled with the reduction in travel and outdoor recreational activities during the crisis are likely to hold back sales.

On the other hand, online sales of sun care products will witness strong growth, partially offsetting losses incurred by in-store sales.

Recovery of conventional sales and distribution is likely to be gradual. Market players are pushing for changes in promotion including significant discounts to move unsold seasonal inventory in the near term.

Who is Winning?

In its study, FMI has scrutinized the different strategies deployed my major companies participating in the sun care products market. Leading market players are focused on the development of novel formulations and strategic geographical and capacity expansion with acquisitions being a major area of focus.

Some of the key players in the market include Johnson & Johnson, Shiseido Company Limited, Beiersdorf AG, Loreal SA, The Procter & Gamble Company, Unilever, The Estee Lauder Companies Inc., Lotus Herbal Pvt. Ltd., Avon Products Inc., and Bayer AG, among others.

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Sun Care Products Market by Category

Product Type:

  • Creams
  • Lotions, Gels & Oils
  • Others

Nature:

  • Organic
  • Conventional

End User:

  • Male
  • Female
  • Kids

Sales Channel:

  • Wholesalers and Distributors
  • Online Retailers
  • Hypermarkets and Supermarkets
  • Pharmacy Stores
  • Specialty Stores
  • Convenience Stores

Region:

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

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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Dispensing Robots Market Innovations, Technology Growth and Research 2022-2032

The dispensing robots market is anticipated to show promising growth prospects in the forecasted period 2022-2032. The dispensing robots market is expected to record a CAGR of 13.8% during the forecast period 2022-2032, up from US$ 1.5 Billion in the year 2022 to reach a valuation of US$ 5.46 Billion by 2032.

The changing nature of manufacturing and labor, in conjunction with varying consumer views, has significantly contributed to the development of dispensing robots. Automation, logistics, and pharmaceutical industries are facing an acute shortage of skilled and efficient labours. Also, dispensing robots are extensively adopted in places where safety concerns are important issues.

Another factor driving the growth of the dispensing robots market is the increasing focus on workplace safety. Furthermore, simplicity in robots, ease of installation and operation, and improvements in machine learning will generate many robotic developments in the coming years.

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In addition, the advent of big data, the expansion of the (IoT), and advances in connectivity are factors that have opened doors for the new breed of intelligent technology. The aforementioned factors are likely to push the dispensing robots market growth over the forecast period.

However, a lack of knowledge regarding robotic integration, and expertise in programming, along with complexity in automation and the unpredictable nature of the machine may obstruct the growth of the dispensing robots market.

Which Region holds the Highest Growth Potential in the Dispensing Robots Market?

The Asia Pacific dispensing robots market is expected to gain the most market share. Many manufacturers in the region use smart sensors to integrate existing equipment so that they can provide robust visibility in their operations across the region.

In addition, North America is home to a large number of manufacturers who are utilizing cloud technologies and investing heavily in research and development in an effort to reduce labour costs.

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Moreover, APAC has showcased a high adoption rate towards the promotion and marketing of dispensing robots in the recent past, which is expected to boost the growth of the global market. Europe is expected to hold a significant share in the dispensing robots market due to the adoption of these robots in the e-commerce and hospitality industries across the region.

Dispensing Robots offer numerous benefits and superior control over fluid placements, placements of arcs, beads, repeated timed dots, and others. Dispensing robots are commonly used for fluid dispensing.

Dispensing robots are easily programmed using smart PC-based software and are simple to operate. Technical innovations such as touch screen programming and CAD/DXF file imports in intuitive software of dispensing robots allow the robots to automatically correct part misalignments, improve pattern recognition, and shorten lengthy programming.

Dispensing robots are likely to occupy many work areas in the coming years owing to factors such as software advancements along with developments and improvements in grippers, sensors, and accessories that are deployed in the systems.

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Regional analysis includes

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

Key Segments Profiled in Dispensing Robots Market

By Product Type:

  • 6-axis robots
  • SCARA robots
  • Articulated robots
  • Cylindrical robots

By Operational Range:

  • 200x200mm
  • 300x300mm
  • 400x400mm
  • Up to 500 mm

By End Use Industry:

  • Pharmaceutical
  • Healthcare
  • Automotive
  • Chemical
  • Electronics and Electrical

By Region:

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

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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Industrial Safety Footwear Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2032

Furthermore, over the projection period, exceptional training programs in conjunction with new severe safety regulations will improve the safety equipment device.

As technology advances and the improvement of existing safety rules and standards, the worldwide industrial safety footwear market is booming. BSI, ILO, and OSHA are just a few of the national agencies following a set of safety recommendations. According to the agencies, employers must offer certified safety gear to their employees during working hours.

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Moreover, due to the COVID-19 pandemic, throughout the lockdown time, customers delayed or postponed spending on non-essential products and services, such as footwear, apparel, and home appliances, resulting in a decrease in demand for footwear. In addition, temporary shutdowns of manufacturing units and the closure of manufacturing industries also affected demand for industrial safety footwear.

However, after gaining a better grasp of the problem, the government has enacted several regulations to prevent duplication and maintain product quality. As a result, safety products must pass a rigorous quality check without jeopardizing the safety criteria. For example, the American National Standards Institute (ANSI) develops and oversees industry safety footwear standards, assisting in removing the aforementioned impediment.

There is a slight chance that low-quality products will be prevalent, which will indirectly increase workplace dangers due to poor product quality.

Key Takeaways:

  • With a market size of over USD 8.50 billion and a CAGR of over 6.5% over the forecast period, the leather industrial safety footwear market is expected to hold the largest share in 2020.
  • In 2027, the construction industry’s industrial safety footwear market is estimated to exceed USD 4.95 billion.
  • By 2027, the North American market is estimated to reach USD 5.40 billion, with a CAGR of over 6% during the forecast period. In North America, manufacturing is the fastest expanding application segment for industrial safety footwear.
  • Over the forecast period, the rising adoption of health and safety standards to prevent workplace fatalities is predicted to boost the demand for safety footwear.
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Competitive Landscape:

Manufacturers are investing in innovative technology and product development to capitalize on the increased demand for industrial safety footwear in the coming years.

Honeywell International, Inc, JAL Group France SAS, COFRA S.r.l, Rock Fall Ltd, Uvex Group, Anbu Safety Industrial Co., Ltd, Hillson Footwear Pvt. Ltd, Bata Industrials, and Williamson-Dickie Manufacturing Co. are all significant players in the industrial safety footwear market.

  • At a safety show in Dubai in February 2020, Rock Fall Ltd introduced new safety footwear designs from its firefighting, electrical hazard, and extreme heat protection boots. This release has the world’s first arc-rated electrical hazard boot. As a result, the company’s launch supports them in improving their portfolio and raising more revenue in the following years.
  • Major market competitors are working on lightweight composites to reduce the pain associated with typical PVC, such as heaviness and difficulties walking. In addition, expansion is one of the most common tactics businesses use to expand their global reach.

Key Market Segments

By Material:
  • Leather
  • Rubber
  • Plastic
  • Waterproof
By Application:
  • Construction
  • Manufacturing
  • Oil & Gas
  • Chemicals
  • Transport
  • Mining
  • Food
  • Pharmaceuticals
By Product:
  • Shoes
  • Boots
By Region:
  • North America
  • Latin America
  • Asia Pacific
  • Europe
  • Middle East & Africa
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Key Questions Answered in the Report

  • How is the Growth Outlook for the Industrial Safety Footwear Market?
  • What was the Industrial Safety Footwear Market Size in 2022?
  • What Factors lead to Industrial Safety Footwear Market Expansion?
  • Which Region Leads the Global Industrial Safety Footwear Market Report?
  • What will be the Size of the Industrial Safety Footwear Market by 2032?

About Future Market Insights (FMI)

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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Plain Bearing Market 2022 | Present Scenario and Growth Prospects 2032

The advancement of plain bearing applications is propelling the market forward. In addition, increased infrastructure spending, emerging technological projects, and heavy machinery development in China, India, the United States, Germany, and Brazil have further supported plain bearing market growth. As per the plain bearing market report by FMI, the global market is expected to be worth US$ 10 billion in 2021 and US$ 17 billion by 2032, growing at a modest CAGR of 5% over the forecast period.

Potential uses in the oilfield, construction, automotive, aerospace, industrial, and energy industries drive the plain bearing market size. The industry’s expansion was driven by aspects such as high quality and durability and low-cost production.

In response to increased global demand for automobiles, the sales of plain bearings are also predicted to grow. Furthermore, the rising need for wind power generation, rising urbanization in emerging regions, and technical developments are all important market variables that will increase the plain bearing market potential. Plain bearings are lightweight, have a high load-carrying capacity, require less maintenance, have a longer life, and are exceptionally reliable. These plain-bearing applications are propelling the industry forward as well. The market is also expanding as the need for bearings in the defence and aerospace industries increases.

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Furthermore, the introduction of smart bearings and rising economies will create new prospects for more plain bearings industry trends shortly.

The global market study on plain bearing indicates that a rise in counterfeit goods might stifle market growth. The market’s growth pace would also be hampered by shifting input costs. Steel, tin-based alloys, chrome steel, and engineering plastics are among the most important raw materials used to adopt plain bearings. In the global marketplace, dramatic changes in several metals and crude oil prices have been recorded. This has a serious influence on plain bearing output and the increasing plain bearing market share. The global plain bearing market is expected to record a valuation of US$ 13 Bn by 2026.

Key Takeaways

  • FMI’s plain bearing market report states that the car end-use industry held the greatest proportion of the worldwide plain bearing market. The surge for simple bearings in the vehicle industry is mainly accountable for the rise.
  • Due to increased demand for plain bearings from various end-use sectors such as cars, aerospace, construction, and energy in this area, the Asia-Pacific region led the global plain bearing market in 2020. China, India, and Japan lead the way in terms of plain bearing demand and supply in the Asia-Pacific area.
  • The European region accounted for the second-largest share of the worldwide plain bearing market. In the European region, Germany, France, and the United Kingdom are the top producers and consumers of plain bearing as per the plain bearing market outlook.

“Increased plain bearing uses and lifespan as a result of technical advancements limits aftermarket sales, limiting the growth of the worldwide plain bearing market. Furthermore, an increase in the number of counterfeit products may stifle demand. Nonetheless, smart product introduction is expected to be a key option for expanding product breadth.”, opines an FMI analyst.

Competitive Landscape

A new market research report on the plain bearing market specifies that the major plain bearing material manufacturers in North America and Europe adhere to stringent government requirements. On the other hand, emerging regions have fewer or no industry regulations, albeit there are a few rules requiring the use of environmentally hygienic and safe plain-bearing items.

As a result, expanding markets in the Middle East, Africa, and the Asia Pacific provide plain bearing market opportunities for manufacturers. Furthermore, the robust success of end-use industries such as automotive, aerospace, energy, agriculture, construction, mining, and oil & gas can be attributable to the rising regions’ high development potential.

  • SKF Group committed USD 44.3 million to expanding and renovating its Airasca, Italy manufacturing site in March 2021. The investment will enable the Group’s largest production location in Italy to produce super-precision bearings for industrial applications.
  • Timken Company bought Aurora Bearing Company’s assets in December 2020. Rod ends, and Aurora Bearing Company manufactures spherical plain bearing types for various industries, including aerospace and defence, racing, off-highway equipment, and packaging.

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Key Segments

By Type:

  • Journal
  • Linear
  • Thrust
  • Angular Contact
  • Others

By End User:

  • Construction Machinery
  • Automotive
  • Industrial
  • Aerospace
  • Energy
  • Agriculture & Gardening Equipment
  • Oilfield Machinery
  • Office Products
  • Others

About Future Market Insights (FMI)

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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Survival Tools Market Valuation is Set to Top US$ 2 Bn in 2030 | FMI

The global sales of the survival tools market are likely to soar at 7.7% CAGR through 2030. Growth will be driven by a growing sentiment toward self-protection amidst a rapidly changing environment.

In survival tools industry, which has witnessed moderate growth and expansion into the mainstream market, it is imperative for players to recognize their consumers and devise future-proof strategies (and products) to stand out among their peers.

Since January 2020, three important events have scaled up demand for survival kits – outbreak of COVID-19, bushfires in Australia, and assassination of Iranian military leader.

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Key Findings

  • Pocket tools to remain preferred among consumers
  • Manufacturers continue to use stainless steel to develop survival tools
  • Adoption of survival tools to remain prominent in hiking activities
  • Players to invest in multi-brand stores for substantial sales of survival tools
  • North America and Europe to represent most lucrative opportunities for survival tools market players

“Generation X (Xers) have been key factor driving revenue leaps for survival tools market over recent past. The demographic cohort has essentially transformed the concept of ‘survivalism’ from hobby to lifestyle. Moreover, Xers prioritize self-reliance and resilience and are attracted towards ‘survival schools’ to learn to live with basics,” says analyst at FMI.

COVID-19 Impact Survival Tools Market on

While many industries are striving to click revenue targets as several countries, globally, come to grips with the COVID-19 pandemic, the survival tools market has been booming. Despite survival tools industry was not prepared for catastrophe of this scale, sales remain unaffected by the onset of the pandemic. Demand for survival tools is increasing following COVID-19 contagion.

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Consumers are increasingly purchasing pocket tools, first aid kits, and ropes to prepare for doomsday scenarios. The COVID-19 pandemic has triggered drastic changes in consumer lifestyle. Consumers are continuously seeking ways to stock up on essentials such as medicines, survival kits, and food.

While certain regions of hard-hit countries are opening up, consumers are still facing dearth of all sorts of odds and ends. In addition, as various regions are being exposed to the second wave of COVID-19 pandemic, there are uncertainties regarding further tightening of lockdown restrictions.

The COVID-19 recession has reset the bars for how manufacturers engage with suppliers and consumers. As these trends sweep across market landscape, survival tool manufacturers must rethink existing operating models and supply chains.

Survival Tools Market – Competitive Intelligence

The global survival tools market is highly fragmented, with several players racing towards capturing leading value share. In an effort to survive the rising market competition, manufacturers are focusing on new launches and acquisitions, for instance,

  • UST has developed new camping equipment that accent excellent durability and functionality. In addition, the company has started leveraging 100% recyclable packaging to its new offerings, and will phase out conventional packaging.
  • Tender Corporation has acquired Bushwacker Backpack & Supply, which is maker of Counter Assault label of personal-defense items such as bear spray and tools for self-defense and law enforcement.

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Survival Tools Market by Category

Product:

  • Shovels
  • Ropes
  • Compasses
  • Pocket Tools
  • Hatchets
  • First Aid Kits

Material:

  • Stainless Steel
  • Aluminum
  • Wood
  • Plastic

Application:

  • Hiking Activities
  • Hunting and Fishing
  • Camping Activities
  • Other Wilderness Activities

Sales Channel:

  • Supermarkets/ Hypermarkets
  • Multi-Brand Stores
  • Online Retailers
  • Direct Sales
  • Specialty Stores

Region:

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

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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Power Device Analyzer Market 2022 Development Status, Competition Analysis, Type and Application 2032

The market for power device analyzers was worth US$ 450 Mn in 2021 and is anticipated to grow at a 5.0% CAGR to reach US$ 580 Mn by 2026. To cut down on energy waste and boost productivity, there is an increasing demand for more efficient technologies. In order to reduce reliance on fossil fuels and provide more sustainable energy, there is also a shift toward electric and hybrid vehicles.

In addition, IoT is being embraced by all industries to automate processes and take data-driven decisions. As a result, the market for power device analyzers is expanding and has a lot of unrealized potential.

The primary factor accelerating the power device analyzers market growth is the increasing adoption of high-performance and power-efficient devices for the consumer and healthcare sectors and investments in electric vehicles due to environmental concerns.

Globally, there is a constant demand for energy savings across various industries. In addition, various government and international organizations work to raise awareness and promote energy conservation.

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Renewable energy is gaining traction around the world. As a result, various government policies and schemes are in place around the world to encourage the use of renewable energy resources, thereby shaping the power device analyzer market future.

To fulfil the Paris Agreement and reduce carbon emissions, the future energy mix will rely more on renewable energy, which puts a number of solar and wind energy projects underway or planned for the future in various countries as the adoption of power device analyzers is highly preferred for testing solar cells and as a total carbon analyser, etc.

Furthermore, the renewable sector is experiencing rapid growth, with investments coming from private players and the government.

Major power device analyzer manufacturers are confronted with various challenges and unorganized market players who sell sub-standard products.

These unorganized market players outperform the big players in terms of price, competitiveness, and the local supply network they maintain, which is difficult for global players to achieve. Furthermore, local dealers push these locally produced devices into the market because of higher margins.

This apart, due to the sheer lack of stringent government regulations on energy waste, many small and medium-sized industries, particularly in developing economies such as Southeast Asia, choose locally manufactured power device analyzers due to the lower prices involved. As a result, increased sales of power device analyzers from local and grey market players limit global players’ opportunities to gain power device analyzers’ market share.

On account of the aforementioned factors, the power device analyzer market is predicted to muster a revenue of about US$ 58 Mn by 2026.

Key Takeaways

  • Due to government initiatives to implement energy audits with increased mandatory regulations a growing market for the Internet of Things (IoT), both the A.C. and D.C. type segments are expected to account for a larger power device analyzer market share by type.
  • By current, the below 1000A is likely to lead the market as the vast majority of projects are undertaken in this sector, including automotive, energy, aerospace and defence, and healthcare equipment manufacturing.
  • By end-use, the automotive segment is anticipated to dominate the market as the rise of electric and self-driving vehicles has increased the demand for power device analyzers to ensure automotive systems’ quality, safety, and dependability.
  • The North American market is expected to be the fastest-growing. The rising number of 4G connections that would necessitate wireless test equipment is the primary growth driver for the market in this region.
  • In Asia-Pacific, China and the automotive segment is likely to be at the forefront of the power device analyzer market.
  • The power device analyzer market size was around US$ 450 Mn in 2021.

Competitive Landscape

The market’s top players in the power device analyzer market include Fortive (U.S.), Keysight Technologies (U.S.), Iwatsu (Japan), Yokogawa (Japan), and Hioki E.E. Corporation (Japan), Rohde & Schwarz (Germany) and Newtons4th (U.K.).

A few of the recent developments in the power device analyzer market are as follows:

  • Iwatsu will release the Curve Tracer CS-800. This series has a testing capacity of up to 5kV and 2000A and is considered one of the significant emerging trends in the power device analyzer market.
  • The PA920 Series Power Analyzer from Vitrel features an ultra-high accuracy, wideband waveform digitizer with advanced computational capability, a large high-resolution display, and a full-colour touchscreen user interface for power measurement accuracy (0.024 per cent, 20Hz).

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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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Floating Docks Market | Size, Growth, Demand, Scope, Opportunities and Forecast to 2028 – Says FMI

An element of a dock system is a floating dock, also referred to as a dry dock. It has the capacity to sink to a depth that is both sufficient and appropriate, allowing cargo or a vessel to coast in, anchor in a location close to the entryway, and push out the water. A floating dock also eliminates the need for owners to tie up the dock systems at the harborfront.

They could instead erect it on the floating dock. Floating docks are used for a variety of purposes in residential, commercial, and industrial settings, including ferry landings, cargo loading and unloading, helicopter landing pads, and others. They also work on large cargo tankers, carriers, and icebreakers to maintain and repair them.

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Dock systems, such as floating docks, are crucial because they facilitate tasks for the export and import industries, such as loading or unloading, repair, and maintenance. The export and import industries, which are expanding annually and are driving up demand for these docks, have always been concerned with the efficient transportation of goods.

Floating Docks Market: Drivers and Challenges

The to or fro movement of cargo can cause the separation of the cargo from the doc, in which case, these docks help stabilise the cargo or the ship, thus offering the smooth transition of goods or passengers from the ship/cargo to the dock or the shore.

In addition, these docs eliminate the necessity of hiring either expensive skilled labour or economical less-qualified manpower, which is likely to result in hampering the quality of port operations. Moreover, these docs offer cost-efficiency as they provide a solution that is safer, offers better performance and can also be considered a good return on investment.

With state-of-the-art design features, floating docks are built to last and deliver maximum performance in minimum downtime, hence, the aforementioned factors are expected to significantly drive the market during the forecast period.

The supply chain scenario for floating docks market can be perceived both strong as well as weak. In the recent years, the integration of the supply chain has emerged as a trend in the import-export business. Terminal operators, shipping companies and logistics providers are going global and gaining more bargaining power.

In addition, globalisation and the developing world economy are estimated to fuel the growth of the global freight transport market in the years to come, which is, in turn, expected to drive the market.

Moreover, these docks are replacing old dock systems, which is, in turn, stipulated to drive the demand for the same during the forecast period.

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Floating Docks Market: Regional Market Outlook

European standard EN 1398 focuses on the quality of products during handling as well as the safety of employees. Hence, the usage of floating docks is estimated to gain significant traction over the forecast period in the region.

The Middle East Africa is expected to witness a higher CAGR by value as compared to Japan over the forecast period. Furthermore, the growing e-commerce industry in North America and the role of freight forwarding for the transportation of goods via the sea is estimated to fuel the growth of the market in the coming years.

Moreover, increasing private-public partnerships in Latin American, countries, such as Colombia and Ecuador, has resulted in the expansion of the coastal lines, which is contributing to an increase in the unit sales of these docks. Asian countries, such as India, China and Japan, are expected to witness above-average market growth owing to an increase in export and import businesses.

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Floating Docks Market: Key Market Players

Examples of some of the market participants in the global market identified across the value chain include:

  • Bellingham Marine Industries
  • EZ Dock, Inc.
  • SF Marina Systems
  • Marinetek
  • WALCON MARINE AUSTRALASIA
  • INGEMAR S.r.l.
  • Flotation Systems Aluminum Boat Docks
  • Technomarine
  • Wahoo Docks

The Floating Docks research report presents a comprehensive assessment of the Floating Docks market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.

The Floating Docks research report provides analysis and information according to market segments such as geographies, application, and industry.

The Floating Docks report covers exhaustive analysis on

  • Floating Docks Market Segments
  • Floating Docks Market Dynamics
  • Floating Docks Market Size
  • Floating Docks Supply & Demand
  • Current Trends/Issues/Challenges in Floating Docks market
  • Competition & Companies involved in the Floating Docks market
  • Floating Docks Technology
  • Value Chain of Floating Docks market

Floating Docks Regional analysis includes

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

The global Floating Docks report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The Floating Docks report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Floating Docks market attractiveness as per segments. The Floating Docks report also maps the qualitative impact of various market factors on market segments and geographies.

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Floating Docks Market: Segmentation

On the basis of type, the global market can be segmented into the following:

  • Concrete Floating Docks
  • Metal Floating Docks
  • Wood Floating Docks
  • Plastic Floating Docks

On the basis of application, the global market can be segmented into the following:

  • Residential
  • Commercial
  • Industrial

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Machine Control System Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

With a projected valuation of US$ 13.6 Bn by 2032, the global machine control system market is anticipated to grow at a healthy CAGR of 8% during the assessment period. As per machine control system market analysis, the growing demand for precision in heavy machinery control and navigation is projected to fuel market expansion. In 2021, the demand for machine control systems was valued at US$ 4 billion, and it is predicted to increase at an annual pace of 8% over the forecast period.

Machine control systems reduce field and machine downtime while allowing for more efficient resource utilization. Failure of heavy gear at a building site can create delays in operations and result in significant financial losses.

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Machine control specialists ensure that construction equipment is precisely monitored and controlled, resulting in optimized performance and quicker quality assurance on the job site. As a result, investing in machine control systems promises to save time, eliminate budget overruns, and lower machine maintenance costs, which are expected to impact the machine control system market’s future trends.

Excavators, dozers, and graders are costly machines, and incorporating machine-guided technology into them raises installation and integration expenses. In addition, the machine control market trends indicate that building and mining companies need a lot of money to buy or rent equipment integrated with machine control technology.

While recent developments in machine control systems provide improved precision, aid in faster project completion, and have reduced maintenance costs, the costly initial outlay is a barrier to market expansion.

“Lockdowns were imposed around the world, halting many existing and prospective projects, affecting consumption for machine control systems and other construction materials. Owing to the lifting of lockdowns and vaccination rollouts, this sector has acquired traction again and is likely to rebound quickly. As a result, the machine control system market trends and forecast are now shifting again, with the demand for machine control systems is predicted to increase consistently over the forecast period.”, opines an FMI analyst.

There is a growing market for machine-guided technology in the Asia Pacific. In the construction sector, cost-effective and time-efficient techniques must provide a secure, elevated, durable, and friendly constructed environment. As a result, machine control systems play a critical role in ensuring efficiency and reliability on building sites in emerging regions.

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Key Takeaways

  • Over the projected period, the Asia Pacific area is expected to grow the most, with China and India leading the way. Governments in these countries have embarked on initiatives to replace aging infrastructures such as roads, bridges, sewage systems, and tunnels by effectively using the intelligent machine control system market.
  • Because of the ever-increasing population and high need for food, the agriculture segment is predicted to grow at a stable CAGR of around 10%. The demand for quick production and enhanced crop quality drives digital control system growth.
  • Segmented as per equipment, excavators fully utilize the machine control system market opportunities due to their accuracy productivity than other equipment in construction and excavating operations.
  • As per the machine control market report, the construction segment is leading the growth-share due to rising modernization and other infrastructural initiatives conducted by emerging regions.
  • The GNSS product segment dominates the market. The high use of GNSS on scrapers, dozers, graders, excavators, and aerial devices is responsible for this high share.
  • The emerging trends in the machine control system market state that the second-largest segment, total stations, is predicted to grow at a steady rate. These systems’ ease of deployment and enormous product modification scope is credited with this expansion.

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Competitive Landscape

To enhance their offers in the market, machine control unit companies have used various organic and inorganic growth tactics, such as news releases, product developments, alliances, and collaborations.

  • Topcon and Hitachi (HCMUK) collaborated in March 2020 to provide an ‘inventive’ and ‘sophisticated’ machine control for a more effective workflow. HCMUK used the Topcon X53-x automated machine control software on its excavators as part of the deal.
  • Volvo Construction Equipment has expanded its machine control system market demand analysis to encompass a wider variety of wheeled loaders and introduce productivity and serviceability improvements.

Key Segments

By Type:

  • Total Stations
  • Global Navigation Satellite Systems (GNSS)
  • Laser Scanners
  • Sensors
  • Others

By Vertical:

  • Infrastructure
  • Commercial
  • Residential
  • Industrial
  • Others

By Equipment:

  • Excavators
  • Loaders
  • Graders
  • Dozens
  • Scrapers
  • Paving systems
  • Others

By Region:

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

About Future Market Insights (FMI)

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.

Contact Us:

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Curling Irons Market is Expected to Drive Sales at a Healthy 7.1% CAGR over the Assessment Period 2029

The report forecasts the curling iron market to rise at above 7.1% CAGR between 2022 and 2029.the curling iron market is driven by consumer interest for achieving salon-like hairstyle at home. The launch of economical versions curling irons has been stoking their sales in the last couple of years. In its recent study, Future Market Insights (FMI) offers exclusive insights into the market, covering factors enabling its expansion.

The report also highlights potential threats and examines strategic moves adopted by the market players to gain competitive advantage. The market will significantly gain from the rising willingness among consumers to spend on ongoing fashion trends.

Social media influencers had a big role to play in spurring sales of curling irons. Videos on how to achieve celebrity or salon-like hairstyling at home and tools required to achieve them have been trending in social media ever since the YouTube revolution.

Among various hairstyling tools, curling iron brands too are riding the wave, which unfortunately was hindered by the unprecedented COVID-19 outbreak. Sluggish sales of curling irons are reported around the world as retails stores remain shuttered amid lockdown orders.

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Consumers in pandemic hit nations have been showing inclination to stay at home. Even with government easing lockdown orders, people are likely to adopt work from home as an integral part of the new normal. The lack of reasons to step out as consumers continue avoiding public gatherings and social events to contain the spread of the novel coronavirus has been adversely affecting the curling irons market.

A significantly large number of consumers are unlikely to spend on styling tools and focus primarily on essential commodities, which might hamper sales. Nonetheless, once the pandemic passes the market is expected to set on the path of recovery since consumers are unlikely to eliminate their fashion preferences any time soon.

FMI’s report offers a comprehensive overview on the curling irons market. Some of the key takeaways from the report are:

  • Portable and travel-friendly curling irons are expected to be appealing to consumers
  • To attract consumers, some of the leading brands have been launching curling irons with features such as anti-oxidant and vitamin coatings
  • Focus on innovation will increasing with time as companies look for methods of outsmarting competition. Companies primarily intend to offer multiple attributes. For instance, Revlon’s Nutrifusion line has curling irons infused with moringa and macadamia extracts to offer hair conditioning
  • Commercial applications of curling irons are expected to account for the primary share of revenue generated in the market. Demand witnessed in the household sector is forecast to rise considerably in the coming years

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Who is winning?

Competition in the global curling irons market is expected to get fiercer in the coming years. The launch of advanced products will spoil consumers with choices, while their preferences are already expected to evolve and get more dynamic. Aiding competitive trends will be the entry of several smaller brands.

Investing in innovations will therefore remain a key strategic move among companies operating in the market. Besides this, FMI projects ample focus on branding and promotional activities. These companies are expected to collaborate with social media influences to leverage their online presence.

According to FMI, some of the leading companies operating in the market are Koninklijke Philips N.V., Conair Corporation, Helen of Troy, Curlingiron.org., Spectrum Brands, Inc., Lunata Beauty, Dyson, Revlon, Inc., Andis Company, Geloon, among others.

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Curling Irons Market by Category

Product Type:

  • Curling Tongs
  • Curling Wands

Price Range:

  • Economic
  • Mid-Range
  • Premium

Material Type:

  • Ceramic
  • Plastic
  • Steel
  • Titanium
  • Iron

Type:

  • Corded
  • Cordless

Application:

  • Household
  • Commercial

Sales Channels:

  • Hypermarkets/Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Discount Stores
  • Independent Small Stores
  • Multi-brand Stores
  • Online Retailers
  • Other Sales Channels

Region:

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

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.

Contact:

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