Market Research Blog – Page 9646 – New Product Development

LED Light Bar Market is Likely to Grow at a CAGR of 4.7% through 2027 | FMI

The LED Light Bar Market is valued at US$ 950 Million in 2021. The market is likely to grow at a CAGR of 4.7% through 2027, reaching US$ 1.25 Billion. In 2021, the single row LED bar segment holds account for nearly 50% of market value and rise at a CAGR of 4.3% through 2027.
Below 100W segment holds nearly 37% of market share in 2021.Use of LED light bar for events & shows will continue to be largest market revenue generator, accounting for nearly 40% of all sales.

Huge advantages of energy efficiency associated with LED lighting
Consistent R&D investments to improve performance with better phosphors and other materials
Higher adoption of LED lighting as a potential substitute for traditional light sources
Automakers and construction engineers seeking innovations in the LED light system

Single Row LED Light Bars Accounted for Half the Sales in 2018

According to the FMI survey, single row LED light bars accounted for roughly 5 out of 10 LED light bars purchased in 2018. Single luminaire preference is increasing, which bodes well for single row LED light bar sales. While single row LED light bars are predicted to expand at a rate of 4.1 percent in 2019, two-row or dual-row LED light bars will have the second highest sales in the market.

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Preference for single and dual-LED light bar remains limited to application with small to mid-sized areas such as residential and commercial spaces whereas application of triple row or quad row can be found at larger public places or private event areas.

Combo Beam Pattern Top Selling, Accounting for Over 6 in 10 LED Light Bars

The study finds that sales of LED light bars with combo beam pattern registered over one-third of the global LED light bar market revenues in 2018. With that over 6 in 10 LED light bars to be sold in 2019 will be with combo beam pattern. Demand for LED light bars with combo beam pattern remains highly consolidated in off-road heavy-duty automobiles and some specialized applications.

Flood and spot beam patterns collectively accounted for nearly one third of the market revenue in 2018. However, demand for flood beam pattern in LED light bar remains higher as compared to LED light bars with spot beam pattern.

Application in Events and Shows Continues to Surge

FMI opines that 4 in 10 LED light bars were sold for the application in events and shows in 2018. Use of LED light bars remains higher in events and shows as stakeholders seek cost-saving and energy-efficient ways to optimize the overall cost structure. The demand trend in events and shows application is likely to continue in the future wherein growth of 4% is projected in 2019.

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Automotive is another lucrative application segment for LED light bars wherein automakers are vying to introduce innovative as well as appealing designs of LED light bars. With a 4% growth rate, nearly 3 in 10 LED light bars are expected to be sold in the automotive sector in 2019.

Low Power Rating – A Key Influencing Factor

The FMI study estimates that over 3 in 10 LED light bars sold in 2018 were with power rating below 100 W. Manufacturers in the market offer LED light bar of 100 w of lower power rating with high luminaire, compact design, power options and versatile mounting. As these low power rating LED light bars fit well in the tight requirements of end-users in terms of cost saving and energy efficiency, their sales are expected to grow steadily in the future.

Manufacturers in the LED light bar market offer power rating ranging from below 100 W to above 300 W. The study finds that sales of 101-200 W LED light bars is expected to grow rapidly in coming years as demand for greater illumination in single luminaire continues to rise.

APEJ Spearheads LED Light Bar Sales

The FMI study reveals that APEJ continues to witness significant demand for LED light bars. In 2018, the region accounted for 4 in 10 LED light bars sold across world regions. While Europe represents the second largest demand for LED light bars, Latin America, despite lower sales, is projected to witness increasing demand and grow at 4% in 2019.

Sales of LED light bars continue to rise steadily in developing countries wherein demand aggregation remains no more limited to the residential or automotive sector but extends to public sectors on the back of increasing energy requirements.

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Multinational players are relatively highly concentrated in the global LED light bar market as compared to local & regional manufacturers of LED light bars

The global LED light bar market has a large number of regional and multinational companies, whose detailed profiles are also included in global LED light bar market report to assess their key product offerings, strategies and recent developments.

Some of the key players included in the global LED light bar market study include Eaton Corporation (Halo commercial), Globe Electric Company, Inc., Cree, Inc., Osram GmbH, Herbert Waldmann GmbH & Co. KG, Rigid Industries, Inc., Trailequip Ltd., Baja Designs, Inc., KC HiLiTES Inc., Gold Crest, LLC (Lux LED), NTE Electronics, Inc., Showtech Electronics LLC, Larson Electronics LLC, HIGHLITE INTERNATIONAL BV, Tough Industries Limited, Innotec, Corp., Linmore LED Labs, HEISE LED lighting systems, Hubbell Lighting, Inc. and Auxbeam Lighting Co.

Key Segment

On the basis of configuration

single row
double row
triple row
quad row

On the basis of beam pattern

flood
spot
combo lights

On the basis of application

events & shows
automotive
restaurants & bars
charter & boats

On the basis of power rating

below 100W
101-200W
201-300W
above 300W

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Water Desalination Equipment Market is projected to grow at 8.2% CAGR through 2032, Reverse Osmosis is the Most Favorable Type of Water Desalination Equipment Technology

The global water desalination equipment market is projected to reach US$ 25 Bn by 2032, with sales growing at a prolific CAGR of 9% over the forecast period of 2022 to 2032. The water desalination equipment market is likely to reach an estimated value of US$ 13 Bn by the end of 2022. The elevated scarcity of potable water resources all over the world is expected to propel market possibilities for water desalination equipment.

Water desalination equipment is an industrial device that purifies brackish water, seawater, or water from any other source. The process of desalination allows the separation of salts and minerals from different water sources such as wastewater, wells, industrial feed, and other sources.

In the process, this water is converted to potable water or fresh water. Consequently, water desalination equipment is widely used across different industries including oil & gas, mining, chemical, agriculture, and municipality settings.

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Rapid population growth coupled with increasing demand for water as well as disturbances in water cycles that lead to water scarcity are factors contributing to the growth of the water desalination equipment market. In addition to this, swift industrialization has led to an increase in the usage of water in multiple end-use industries which in turn has created an upsurge in the demand for water desalination machinery across different industry verticals.

Moreover, the scarcity of potable or freshwater reserves is propelling the demand for water treatment, specifically desalination, in arid areas. All of these are some of the prominent factors fueling the growth in the global water desalination equipment market.

“Increasing awareness of reverse osmosis technique for the treatment of all types of water feed with minimal energy consumption is expected to promote the sales of water desalination equipment in the global market over the forecast period,” says an FMI analyst.

Key Takeaways:

Incorporation of digital technology in desalination plants to boost market possibilities.
Implementation of strict government regulations on the release of effluent water from manufacturing facilities to generate attractive market opportunities.
Damage to the ecosystem might be an impediment to market growth.
The Middle East & Africa is predicted to dominate the market over the forecast period.
Demand for water desalination equipment is expected to grow at a faster rate in the Asia Pacific region.

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Competitive Landscape

Doosan Heavy Industries and Co, General Electric, Acciona SA, Genesis Water Technologies, Degremont Sas, Koch Membrane Systems, IDE Technologies, Biwater, Hyflux Ltd, Aquatech International LLC, Veolia, Guangzhou KangYang Seawater Desalination Equipment Co., Ltd., Dow, Ferrovial, Abengoa, Fisia Italimpianti S.p.A., Xylem, and Cadagua, among others are some of the major players in the water desalination equipment market that are profiled in the full version of the report.

Composed of regional and global market players, the water desalination equipment maket is a fairly competitive market. The market players are focused on designing, manufacturing, and commercialization of water desalination machinery. These businesses are intent on gaining a competitive advantage in the market. Market players like General Electric, Doosan Heavy Industries and Co, and Hyflux Ltd are expected to account for a large share in the overall market.

More Insights into the Water Desalination Equipment Market Report

In its latest report, FMI offers an unbiased analysis of the global water desalination equipment market, providing historical data from 2015 to 2020 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and range, the market is segmented based on technologies (reverse osmosis, nanofiltration, multi stage flash, electrodialysis, vapor compression, multi effect distillation, others), application (municipal, industrial, others (hospitality, etc.)) and region.

According to the latest FMI reports, based on regional growth, the Middle East and Africa region are expected to dominate the market over the forecast period. Rising demand for potable water from countries like UAE, Israel, and Saudi Arabia along with growing demand for water desalination equipment in the expanding construction sector in Qatar, Kuwait, UAE, and Saudi Arabia are likely to fuel market growth in this region. Furthermore, growing industrial and municipal needs of energy, pharmaceutical, chemical, oil & gas sectors will likely supplement the regional market growth.

The Asia Pacific region, too, is projected to witness impressive market growth over the assessment period of 2022-2032. Owing to the rising demand of water desalination equipment in emerging economies like India and China, the Asia Pacific is expected to register a faster growth rate. Rapid industrialization in tandem with prevailing urbanization is also a contributing factor to market growth. Additionally, the lack of administrative or legislative framework for water safety standards has driven countries like China to adopt their own drinking water standard such as GB38338-2002 (Type II). Thus, boosting the sales of water desalination equipment in the Asia Pacific market.

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features

4.3. Strategic Promotional Strategies

5. Global Water Desalination Equipment Market Demand Analysis 2017-2021 and Forecast, 2022-2032

5.1. Historical Market Volume (Units) Analysis, 2017-2021

5.2. Current and Future Market Volume (Units) Projections, 2022-2032

5.3. Y-o-Y Growth Trend Analysis

6. Global Water Desalination Equipment Market – Pricing Analysis

6.1. Regional Pricing Analysis By Technology

6.2. Global Average Pricing Analysis Benchmark

To Continue TOC…

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Spiral Freezer Market Size: The global spiral freezer market is projected to secure a CAGR of 4.6% during the forecast period, and attain a value of US$ 6,089.1 million by 2032. The current valuation of the market stands at US$ 3,884.2 million in 2022.

VVT Actuators Market Share: The global VVT actuators market size is anticipated to be valued at US$ 2,134.3 Mn in 2022 and is projected to surpass US$ 3,630 Mn by 2032. The demand for VVT actuators is projected to rise at a steady CAGR of 5.5% during the forecast period.

Rubber Extruder Market Trend: The global rubber extruder market size is expected to reach US$ 4,021.5 Million by 2032.

Vision Guided Robots Market Volume: The global vision-guided robots market is projected to secure a CAGR of 7.8% during the forecast period, and attain a value of US$ 27,238.3 million by 2032. The current valuation of the market stands at US$ 12,810.0 million in 2022.

Seam Welding Machine Market Sales: The global seam welding machine market size is anticipated to be valued at US$ 1,415.6 Mn in 2022 and is projected to surpass US$ 2,055.5 Mn by 2032.

Sirens Market Growth: The sirens market is likely to secure a valuation of US$ 170.1 Million in 2022. The sirens market is estimated to reach US$ 244.0 Million by 2032 with a CAGR of 3.7% by 2032.

Pin Marking Machine Market Forecast: In 2022, the pin marking machine market is anticipated to be valued at US$ 618 million. The demand for pin marking machines is predicted to expand at a gradual rate to reach US$ 987 million by 2032, at a CAGR of 4.8% through 2032.

Radial Drilling Machine Market Outlook: The global radial drilling machine market is forecasted to be valued at US$ 8.8 Billion by 2032, up from US$ 4.2 Billion in 2022, advancing at a CAGR of 7.7% during the forecast period.

Laser Welding Market Analysis: Global Laser Welding demand is anticipated to be valued at US$ 2,758.3 Million in 2022, forecast to grow at a CAGR of 6.9% to be valued at US$ 5,387.0 Million from 2022 to 2032.

Hot Chamber Die Casting Machine Market Demand: The global hot chamber die casting machine market size is expected to be valued at US$ 1,012.3 Million in 2022. Overall demand for hot chamber die-casting machines is projected to grow at a CAGR of 5% between 2022 and 2032, totalling around US$ 1,648.5 Million by 2032.

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In Terms Of Overall Growth Contributions To Global Market For Test And Measurement Equipment, Asia Pacific Comes In Second To North America – FMI

The global test and measurement equipment market is predicted to witness a moderate CAGR of 5.6% during the forecast period of 2022 to 2032. The test and measurement equipment market share is estimated to be worth US$ 32 billion in 2022, with a possibility of reaching a total valuation of US$ 54.9 billion by 2032.

All electronic gadgets and devices need to undergo the authentication test before they are released into the market. The demand for test and measurement equipment at the electronic manufacturing units for this purpose is set to rise in the coming years with the growing consumption of electronic and electrical gadgets.

Testing and measurement equipment aids in detecting any possibility of damage that can crop up during the lifetime of any physical good, thus enhancing the quality of the product and brand value of the company employing it. The test and measurement equipment market opportunities are likely to grow robustly in this context during the upcoming years.

The Test and Measurement Equipment Market’s Competitive Landscape

Major test and measurement equipment market players are arranging training and development programmes for their customers or end users as a major strategy to popularise their niche products. This method has improved their brand presence in the market, collaterally ensuing fierce competition among the test and measurement equipment manufacturers and distributers.

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Recent Developments in the Global Test and Measurement Equipment Market:

VIAVI Solutions released a new fibre test and measurement solution in March 2021 that enhanced the company’s most comprehensive fiber-optic testing offering.
Anritsu introduced the TRX TEST module, “MU887002A,” in March 2021, which is meant to enhance the efficiency of devices used for inspection of wireless communication gadgets in the production line.
Yogokawa released a number of test and measurement equipment in February 2021 for use in water treatment facilities. It includes the TB820D, which is a right-angle scattered light turbidity detector, and the non-reagent type free chlorine sensor ‘FC800D.’

Key Segments

By Services:

Calibration Services
After-Sales Service or Repair Service

By Product Type:

General Purpose Test Equipment
Mechanical Test Equipment

by Verticals:

Healthcare
Electronics and Semiconductors
Telecommunications and information technology
Defense and Aerospace
Transportation & Automobile
Government and Education

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The Performance of the Test and Measurement Equipment Market in Different Geographical Regions

In terms of market occupancy, North America leads the global test and equipment market. Further, in North America, the United States contributes the lion’s share with an overall test and measurement equipment market value of US$ 11.4 billion, estimated for the year 2022. With advances in autonomous driving technology and modern research fields, the general tendency of bigger players in the US has shifted towards more precise and quality products, further boosting the demand for test and measurement equipment.

Demand for such accuracy in products is predicted to drive the US test and measurement equipment market at an impressive CAGR and bring the market to a net worth of US$ 19.1 billion by the end of this forecast period in 2032.

The Asia-Pacific region follows the North American region in terms of total contribution to the global test and measurement equipment market growth. With the emergence of many test and measurement equipment key players in China, Japan, and South Korea following the booming electronics market, this region is predicted to grow rapidly during the upcoming years.

China’s test and measurement equipment market leads the Asia-Pacific region with a net worth of US$ 2.4 billion, estimated for the ongoing year 2022, and is projected to reach a total valuation of US$ 3.9 billion by the end of the year 2032.

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Industrial Air Compressor Market – The global industrial air compressor market is expected to be valued at US$ 33.3Billion in 2022. With the increasing use in end-use industries the demand for industrial air compressors is projected to grow at a CAGR of 3.8% between 2022 and 2032, totaling around US$46.6 Billion by 2032.t

Industrial Automation Market – The global Industrial Automation Market is expected to have a significant CAGR of 7% during the forecast period to reach a valuation of US$ 77 Bn by 2032, up from US$ 36 Bn in 2021.

Solar Inverter Market – The global solar inverter market is forecast to grow year-on-year by 5.0% in 2022, reaching a valuation of about US$ 11 Bn in 2022. Increasing adoption of renewable energy sources for residential and commercial spaces is expected to fuel solar inverter sales at a 6% CAGR over the forecast period.

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Beer Brewing Machine Market is Expected to Reach a Valuation of US$ 42 Bn in 2022

The beer brewing machine market size is likely to hold the global market at a moderate CAGR of ~3.4% during the forecast period. The global market holds a forecasted revenue of ~US$ 42 Billion in 2022 and is likely to cross ~US$ 58.6 Billion by the end of 2032.

The beer brewing machine enables convenient production of freshly brewed homemade beer. Beer brewing machines incorporate advanced features and technologies and exceeds conventional and traditional techniques of brewing beer. Beer brewing machines are available as manually operated and automatic as well. Compact size and easy portability make beer brewing machines seamless for the small scale beer brewing.

The manufacturers offer beer brewing machines in various design, size and capacity ranges along with ability to customize recipes. In addition, high-end beer brewing machines also enable synchronization with smartphones and devices. Beer brewing machines are also employed with automatic cleaning system and installation process is simple.

The practice of homemade beer brewing is gaining more prominence among the consumers. Advent of e-commerce, growing beer consumption and rising stature of customized beer are the factors estimated to augment the growth in demand for beer brewing machine market.

The ongoing COVID-19 pandemic has already hit the global economy harder than the great recession of 2008. The crisis has caused shut down of the manufacturing facilities and supply chains are at halt, resulting in significant dip in the short term demand for beer brewing machines. However, with growing eminence of online sales and service, the market is anticipated to recover sharply post the pandemic period.

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Beer Brewing Machine Market: Dynamics

Beer have significant popularity among consumers from all age-groups. Increasing demand for draught beer and home craft beer among the millennials are the factors primarily driving the demand for beer brewing machines. For instance, as per analysis by AHA (American Homebrewers Association), nearly 1.1 million people in the U.S. fancy craft beer made at home, and 40% of these consumers have inclined towards home brewed beer in last four years.

Increasing per capita income, spending capacity and continuously improving living standards coupled with easy availability of the products required for home brewed beer and convenient operation are expected to create positive prospects for the growth of beer brewing machine market.

The increasing customer inclination towards fresh beer with variety of flavors is expected to ascend industry trends. The manufacturers are providing innovative beer brewing machines equipped with digital thermostats, Wi-Fi connectivity, display controls, multi-tap systems, etc. for more reliable and energy efficient operation. As a result, paving the way for the growth in beer brewing machine market.

Advertising restrictions and regulations for licensing are the reasons expected to restrain beer brewing machine market growth. Lack of attractiveness towards beer consumption, conservative attitude along with cultural restrictions in many Asian countries are also anticipated to create hindrance in the beer brewing machine market growth.

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Beer Brewing Machine Market: Regional Outlook

North America is expected to hold largest share in the global beer brewing machine market. This is attributable to the enhanced standards of living, higher per capita income and prevalence of key manufacturers of beer brewing machines in the region. Aforementioned factors grounds North America to account for more than one third share of the global beer brewing machine market.

The traditions of home brewing are highly concentrated in the European countries. On account of this, Europe is also expected to have substantial share in the global beer brewing machine market. Increasing young population coupled with acceptance of western culture in emerging economies from Asia Pacific and Latin America is expected to create positive growth virtues for the beer brewing machine market growth.

Beer Brewing Machine Market: Key Participants

BREWART
LG Electronics.
Kickstarter, PBC
BREWIE
BrewJacket LLC
PicoBrew Inc.
Home Brew West
MINIBREW BV
Speidel Tank-und Behälterbau GmbH
WilliamsWarn Ltd

The research report presents a comprehensive assessment of the beer brewing machine 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 research report provides analysis and information according to the beer brewing machine market segments such as geographies, mechanism, size, capacity, and sales channel.

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The report covers exhaustive analysis on

Beer brewing machine Market Segments
Beer brewing machine Market Dynamics
Beer brewing machine Market Size
Beer brewing machine Supply & Demand
Beer brewing machine Current Trends/Issues/Challenges
Beer brewing machine Competition & Companies involved
Beer brewing machine Technology
Beer brewing machine Value Chain

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 Beer brewing machine market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

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

Beer Brewing Machine Market: Segmentation

By Basis of Mechanism:

Manual
Semi-automatic
Fully Automatic

By Size:

Full Size Brewer
Mini Brewer

By Capacity:

Less than 5 liters
5 – 10 liters
10 liters and above

By Sales Channel:

Online
Company Owned Sites
E-commerce Sites
Offline
Supermarkets & Hypermarkets
Specialty Stores
Other retail stores

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About Future Market Insights (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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Furniture Polish Market is Likely to Grow at a CAGR of 5% through 2027

The furniture polish Market is valued at US$ 9.7 Billion in 2021. The market is likely to grow at a CAGR of 5% through 2027, reaching US$ 13.1 Billion by 2027. Aerosols are the largest product type segment, accounting for nearly 43% of all sales in 2021. Asia Pacific excluding Japan accounts for nearly 30% share of the market in 2021.

With the increase in the number of furniture installations in household and commercial sectors, maintaining furniture and protecting it from dust and other external factors has become crucial. Various types of furniture are used to provide spacious interior looks to a household as well as commercial spaces and furniture eventually requires periodical maintenance, which necessitates the use of furniture polish.

Furniture polish is a non-foaming neutral liquid used for coatings to provide finishing touches to various carpentry and woodworks. Furniture polish finds a wide range of applications in household as well as commercial sectors as it can clean and polish any kind of furniture, ranging from wooden desks, panels, kitchen cabinets, table tops to woodwork.

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Emphasis on Innovation and New Product Launches by Furniture Polish Companies

Consumer perception and buying behavior have been constantly changing with the new trends in various markets. The global furniture polish market has been witnessing a similar trend with its large customer base. With the use of various types of base materials such as hardwood gaining traction in the furniture industry, customers now seek furniture polish capable of maintaining the look of such hardwood furniture for a long span of time.

As a result, various furniture polish manufacturers have been strategizing on introducing new variants of furniture polish products to cater to the varying demand from its target customers. For instances, in 2015, Bona US, one of the key players in the global furniture polish market announced the launch of a new line of furniture polish under the brand name ‘Bona Wood Furniture Polish’, which is a liquid-based product that cleans and protects hardwood furniture. Furniture Polish Wipes are another innovation inline, these wipes are beneficial in removing sticky spills and stains, and also helps in protecting furniture from dust and allergens.

Mergers and Acquisitions – A Key Factor Driving Value Sales

The confluence of various factors, such as the expansion of customer base and varying consumer perception, has compelled various key furniture polish manufacturers to opt for key strategies in the view of generating sales in the global market. Mergers and acquisitions have been considered as one of the key strategies adopted by various furniture polish manufacturers to generate sales as well as expand operations in domestic and international markets.

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For instance, in 2017, Axalta Coating systems, one of the marquee players in the global furniture polish market acquired The Valspar Corporation’s North American Industrial Wood Coatings business for US$ 420 Million. Valspar Corporation specializes in the production of various furniture polish products for the North America market.

Market Research Methodology – Perfected through Years of Diligence

A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.

Internet Penetration – A Key Influential Macroeconomic Factor Driving Market Growth

The average internet penetration around the globe has been rising at a significant rate with 2.8 Billion people aged above 15 years connected to the internet. Various e-commerce channels such as Walmart, Tesco and Amazon have been considered as the preferred e-commerce platforms for purchasing products. This critical macroeconomic factor has been paving way for the global furniture polish market growth in terms of value and volume sales.

Attributing to this, several key furniture polish manufacturers now consider online platforms as a key tool in triggering demand as well as sales for their various furniture polish products. For instance, in 2018, Sherwin-Williams – a prominent player in the global furniture polish market – launched an online tool that provides detailed specifications of its various furniture polish products for the North America market.

Multinational Players are Relatively Highly Concentrated on a Global Scale, as Compared to Local & Regional Furniture Polish Manufacturers

The global furniture polish market is primarily characterized by the presence of a large number of regional and multinational companies. Detailed profiles of furniture polish companies have also included in the global furniture polish market report to evaluate their strategies, key product offerings, and recent developments.

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Some of the key players profiled in the global furniture polish market study include Altana, Cleenol Group Ltd., Liberon Limited, Reckitt Benckiser Group plc (Old English), S.C. Johnson & Son, Inc. (Pledge), The Sherwin-Williams Company, PPG Industries Inc., Akzo Nobel N.V., Axalta Coating Systems, Masco Cabinetry, LLC, RPM Wood Finishes Group, Blend well Chemicals, Milsek Furniture Polish Inc., Golden Star Inc., Blanchon UK Ltd, Movac Group, Chestnut Products, Teknos (UK) Ltd, Symphony Coatings Group Ltd and Bona US.

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Protective Footwear Market Size, Share & Growth Report for 2030

The protective footwear serve the purpose of protecting feet against a wide variety of injuries. Impact, puncture and compression are amongst the major injury types in a workplace environment.

Attributed to stringent workplace safety regulations, the protective footwear market is expected to foray ahead with a higher single-digit CAGR over the assessment period.

Market goliaths consistently putting efforts to come up with innovative footwear solutions has been identified as a recent trend within the industry. For instance, Dunlop, Honeywell, Tingley, Lehigh Outfitters amongst others are witnessed to launch products with optimized material utilization claiming to have not just waterproofing properties but electrical hazard protection and shock absorption as well.

Based on industry requirements, protective footwear are made up of various materials i.e. leather, plastic, rubber, etc. In 2019, leather accounted to hold the highest market share under protective footwear as manufacturers have implemented safety, comfort, aesthetics and other innovation majorly over leather material. Also, this particular material fits in the level wise guidelines of OSHA.

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However, plastic based protective footwear are expected to have a higher growth rate till 2030 attributed towards shifting consumer needs and inclination of market players towards providing aesthetics with a higher degree of protection in a single package.

COVID-19 Impact Insights

COVID-19 pandemic has forced countries to impose lockdowns and strict social distancing measures across the globe, flattening the global economic curve. This in result has disrupted almost every market and protective footwear market has also been affected largely.

COVID-19 pandemic has presented massive disruptions in the demand supply equilibrium across multiple industries, leading towards economic losses at a global level. Plant shut downs in Europe, Asia and North America in the second quarter of 2020 has reduced the production scale of protective footwear.

However, consistently upgrading work place safety measures and COVID-19 guidelines for worker safety would help the protective footwear market to bounce back strongly best by fourth quarter of 2020.

Protective Footwear Market: Regional Outlook

Based on regional split, the report “Protective Footwear Market” takes into account six prominent regions including North America, Europe, Latin America, East Asia, South Asia and Oceania and Middle East & Africa. Of these, Asia Pacific collectively accounts for nearly 40% of the protective footwear market share.

Well-established manufacturing and construction industries necessitates workplace safety norms to be followed, hence penetrating protective footwear in the region at a higher rate.

Further, Europe is expected to turn out as the most promising region under protective footwear market owing to consistent stringent modifications in the work place safety regulations. Also, attributed towards the adventure sports and associated activities, the region would witness high growth rate over the assessment period (2020-2030).

Americas collectively accounts for one fourth of the market share in 2019 and is expected to rise with a higher single digit CAGR. Middle East & Africa accounts for nominal shares under protective footwear market.

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Protective Footwear Market: Key Players

Being a moderately consolidated market, players have dominant presence across regions through streamlined distribution networks.

Honeywell
Coats Group plc
Respirex
Dunlop
integra.boot
Tingley
Rahman Group
COFRA
V.F. Corporation
Rock Fall Ltd.

are amongst the prominent players in protective footwear market accounting for over 65% of the market revenues.Common organic growth strategies of improving footwear design, safety, durability and other associated properties have been witnessed across the regional players.

Moreover, acquisitions and establishing long term supply contracts with the industries and municipalities are providing an upper edge to the market players.

However, regional clusters including Asia and Africa backing the local manufacturers is presenting challenges to global players offering their products at higher price points which in turn is significantly disturbing the overall protective footwear market revenues.

The research report presents a comprehensive assessment of the Protective footwear 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 Protective footwear market report provides analysis and information, according to market segments such as geographies, product type, material type and end use.

The Protective Footwear Market Report Covers Exhaustive Analysis On:

Market Segments
Market Dynamics
Market Size & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

The Protective Footwear Market Regional Analysis Includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia & Oceania (India, ASEAN, Australia and New Zealand , Rest of South Asia & Oceania)
Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)

The Protective footwear 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 Protective footwear report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Protective footwear report also maps the qualitative impact of various market factors on market segments and geographies.

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Segmentation Analysis of Protective footwear Market

The global Protective footwear market is bifurcated into four major segments: product type, material type, end use, and region.

By Product Type:

Boots
Shoes
Overshoes

By Material Type:

Leather
Rubber
Plastic
Others

By End Use:

Industrial
Construction
Oil & Gas
Chemicals
Manufacturing
Mining
Pharmaceutical
Others
Adventure sports
Municipalities
Others

By Geographic Regions:

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

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Fabric Care Market is Set to Grow at 5.9% CAGR through 2027 | FMI

The fabric care market is valued at US$ 107 Bn in 2021. It is set to grow at 5.9% CAGR through 2027.the global fabric care market owing to the increasing use of liquid fabric care products, rise in the adoption of washing machines in developing countries, frequent launch of new fabric care products that are compatible with various types of washing machines and the ease of use associated with liquid fabric care detergents as compared to soaps, bars and blocks are some of the key factors driving the demand for fabric care products across the globe.

Furthermore, factors such as a fast growing population, rising per capita spending on domestic cleaning goods, an expanding global FMCG industry, and the developing trend of hygienic personal care are likely to enhance demand for fabric care products over the forecast period.

Fabric care companies use a variety of marketing methods to grow their market share, revenue, penetration, and client base. Multiple competitors, for example, offer combination deals to enhance sales and profits, product innovation to build brand loyalty, and the introduction of various items in the same product category for different user groups are some of the drivers driving the global fabric care market.

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Moreover, packaging plays an important role in protecting and extending the shelf life of a wide range of FMCG products, thus, nowadays, consumers are not only concerned about buying natural & green-label home care, personal care and fabric care products, but are also demanding environment-friendly packaging. Thus, growing consumer expectations for eco-friendly packaging and consciousness about the detrimental effects of fabric care containers and plastic packaging on the environment are projected to accelerate the growth of the natural fabric care market worldwide. Moreover, the frequent launch of fabric care products that target specific customers, coupled with increasing demand for green products, is creating considerable opportunities in the global fabric care market.

The global fabric care market is segmented on the basis of regions, which include North America, Latin America, Asia Pacific Excluding Japan (APEJ), Europe, Middle East & Africa and Japan. Among all the regions, the Asia Pacific excluding Japan and Europe regions are estimated to have a substantial value share. In terms of value, APEJ is the most attractive region in the global fabric care market, and is expected to grow at a CAGR of 6.9% over the forecast period. In the global fabric care market, the region is expected to gain 278 BPS during the forecast period.

On the basis of product type, the fabric care market is segmented into fabric detergents, fabric softeners/enhancers, stain removers/bleach and other fabric care products. In 2018, the fabric detergents segment accounted for the highest revenue share of 48.7% in the global fabric care.

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Key Players in the Global Fabric Care Market

Detailed profiles of companies are also included in the global fabric care market report to evaluate their performance, key product offerings and recent developments. Some of the key players profiled in the global fabric care market study include Alicorp S.A.A.; S.C. Johnson & Son Inc.; Reckitt Benckiser Group PLC; LG Household & Health Care Ltd.; Golrang Industrial Group; Wings Corporation; Whealthfields Lohmann Guangzhou Ltd.; RSPL Limited; Church & Dwight Co., Inc.; Lion Corporation; Nice Group Co., Ltd.; Kao Corporation; Fabrica de Jabon La Corona; SA de CV; Henkel AG & Co. KGaA; Unilever PLC; Guangzhou Blue Moon Industry Co., Ltd.; Procter & Gamble Co.; Amway Corporation; Guangzhou Liby Enterprise Group Co., Ltd. and others.

Key Segment

On the basis of product type

fabric detergents
fabric softeners/enhancers
stain removers/bleach
other fabric care products

On the basis of form

powder
dry sheets
bars/blocks
pacs & tablets
other forms

On the basis of nature

synthetic
organic
others

On the basis of sales channel

wholesalers/ distributors
convenience stores
supermarkets/hypermarkets
online stores
independent small stores
other sales channels.

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Small Molecule API Market to total US$ 290.76 Billion by 2032; Oncology to comprise Significant Application: FMI

[300 Pages Report] A recently published study by FMI expects the global demand for small molecule API market to increase at a CAGR of 5% during the forecast period between 2022 and 2032, reaching a total of US$ 290.76 Billion in 2032, according to a report from Future Market Insights (FMI). From 2017 to 2021, sales witnessed significant growth, registering a CAGR of 4.5%.

In-House and outsourcing manufacturing of small molecule API continue to be hot topics in the pharmaceutical sector. The demand for outsource manufacturing in the small molecule market has been on the rise because of increasing production cost and burden management. Subsequently, rising incidence of chronic diseases, besides investment in research and development (R&D) initiatives have been enabling growth.

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Over the years, increased use of novel technologies and the emergence of specialty medicines have been leading to a paradigm shift in the industry. Furthermore, smaller volumes of production are projected to witness a surge. The increasing production of the number of products being launched are a result of flexible manufacturing units and robust processes developed to meet the demand.

Key Takeaways from the Market Study

China is expected to register 5.5% CAGR during the forecast period
Japan to emerge as another important market for small molecule API, registering a CAGR of 5.4%
Germany is projected to account for approximately 30% of the global market share.
Standard APIs will continue to hold a maximum share of 79.6% in 2022
Oncology accounts for 26.6% of the Small Molecule API Market share by therapeutic area.

“API manufacturing has proven to be quite effective in the last few years. Besides this, factors such as increasing incidence of cancer and subsequently rising demand for effective diagnosis and R&D in oncology therapeutic will fuel the demand for small molecule oncology therapy.” says an analyst at FMI.

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Market Competition

Key players in the Small Molecule API market are Pfizer Inc., Johnson Matthey, Nanjing King-Friend Biochemical Pharmaceutical Co., Ltd., Sanofi S.A., Novartis AG, Bristol-Myers Squibb, Boehringer Ingelheim GmbH, GlaxoSmithKline PLC, GILEAD Science Inc., Albany Molecular Research Inc., AstraZeneca, Merck & Co, Inc., BASF SE, Teva Pharmaceuticals, and Hoffmann-La Roche Ltd.

In March 2021, U.S. Food and Drug Administration (FDA) has accepted New Drug Application for gefapixant, an orally administered for the Molecule Type of refractory chronic cough (RCC) in adults.
In March 2022, Sumitomo Chemical Co., Ltd. announced its investment to build a new manufacturing facility in Japan to meet the surge in demand for high-quality small molecule APIs and intermediates.

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global small molecule API market, presenting historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Molecule Type (Standard API, HPAPI), Production (Captive/In-House, Out Source), Application (Clinical, Commercial), Therapeutic Area & Region across seven major regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

Table of Content
1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

2.3. Inclusions and Exclusions

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Key Segments Profiled in the Small Molecule API Market Industry Survey

By Molecule Type:

Standard API
HPAPI

By Production:

Captive/In-House
Outsourced

By Application:

Clinical
Commercial

By Therapeutic Area:

Cardiovascular Diseases
Respiratory Disorders
Infectious Diseases
Metabolic Disorders
Oncology
Immunology
Neurology
Urology
Dermatology
Ophthalmology
General Health
Others

Have a Look at Related Research Reports of Healthcare

RNA-Targeted Small Molecules Market Technlogy : According to the latest research by Future Market Insights, RNA-Targeted Small Molecules market is set to witness a 6.6% growth during the year 2021-2031.

Small-Molecule Injectable Market Size : The global Small-molecule Injectable Market was valued at US$ 52.7 Bn in 2020 and is expected to reach US$ 112.9 Bn by 2031

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Surge Arrester Market Overview by Product Type, End-Use, Application, Voltage & Region And Forecast 2022 – 2032 – FMI

The global surge arrester market is expected to reach US$ 1.5 billion in 2021, representing a 4.1 percent year-on-year increase. Surge arrester sales are predicted to grow at a CAGR of 5.0 percent, reaching a valuation of US$ 2.6 billion by 2032.

Growth can be ascribed to rising global energy demand, growing industrialization, and improved urban infrastructure. Furthermore, rising investments in smart cities are likely to fuel surge arrester demand in the future years.

Increased machine utilization and demand for high-quality products in various industries, as well as the integration of smart devices into machinery, are some of the factors driving the Surge Arrester Market in the industrial automation industry. Automation is being implemented in industries to boost productivity and lower labour expenses. FMI delivers deep market insights for Market players to use in developing long-term plans to keep their competitive advantage in the industry.

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Our analysts use primary and secondary research, as well as a wide range of data sets obtained from organic and inorganic sources, to produce forecasts for the following decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Surge Arrester Market has picked up the pace.

The FMI’s recent report talks about the Market scenario in the chapter on the Covid-19 impact analysis to aid the Market players for the upcoming years. The report gives a detailed Market analysis surrounding the Market condition and its impact on the Surge Arrester Market.

Key Questions Answered in the Report

What are the key trends and challenges that will affect global Surge Arrester Market in upcoming years?
What are the factors that will influence the Surge Arrester Market demand?
Which region will be the most lucrative for Surge Arrester Market throughout the forecast period?
How will evolving regulatory policies impact the Market growth?
What is the impact of Covid-19 on the Surge Arrester Market?

Surge Arrester Market: Segmentation

Detailed analysis on the geographical region and country wise insights are offered in the latest Surge Arrester Market report with established Market players as well as incumbents in the region.

On the basis of voltage type, global surge arrester market can be segmented as:

High voltage surge arresters
Medium voltage surge arresters
Low voltage surge arresters
B class
C class
D class

On the basis of housing type, global surge arrester market can be segmented as:

Polymeric
Porcelain
Silicon
Polymer Intermediate

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Competitive Analysis

By Prominent Market Players

ABB
Siemens
Eaton.
Hubbell Incorporated
Schneider Electric
CG Power & Industrial Solutions Ltd.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important Market study including the historical revenue prospects, pricing strategy, and Marketing strategy adopted by these players in the Surge Arrester Market

Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of Market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the Surge Arrester Market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and Market player-centric solutions for the upcoming decade according to the present Market scenario

About Future Market Insights (FMI)

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According To Future Market Insights, Electronic Equipment Repair Service Market Will Reach US$ 228.2 Billion By 2032

According to the market analysis report by Future Market Insights (FMI), the electronic equipment repair service market is forecasted to reach a net worth of US$ 228.2 Bn in 2032 growing up from US$ 121.2 Bn in 2022. It is estimated to witness an impressive CAGR of 6.5% through these years.

With the improving economic conditions and development of worldwide electricity network systems, there has been a significant increase in the volume of electronic devices and appliances. The amount of electronic device repair services has also surged along with it, making it an attractive business around the world.

Industrial automation in various sectors has also increased the demand for electronic equipment that is prone to frequent malfunctions and breakdowns. Industrial electronic equipment repair service is anticipated to augment the market size further along with the introduction of the fourth industrial revolution or IR 4.0 during the forecast years.

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Portable smart devices with an internet connection have become an essential part of any modern-day individual. So many electronic device repair facilities have emerged in local markets. In this regard, the market for electronic equipment repair services is expected to experience huge growth with the institutionalization of such facilities.

The report also analyses the market survey obtained during the Covid-19 pandemic, which had a severe impact on the growth of the market system providing services for fixing electronic devices. It has been observed that the growth rate dipped down from 7.8% recorded during the years 2015 to 2021.

Leading Companies Profiled in Electronic Equipment Repair Service Market are:

Encompass Supply Chain Solutions Inc
uBreakiFix
iCracked Inc
Moduslink Global Solutions
Mendtronix Inc.

“In recent, there has been a rise in the volume of refurbished electronic devices and gadgets over the e-commerce platforms. Opening up of such new business opportunities is expected to further boost the demand for electronic equipment repair service market in the coming days.”

With the growth in electronic manufacturing companies in South East Asian countries, the availability of cheap electronic devices has increased in the local markets all across the Middle-income countries.

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This factor is anticipated to have some negative impacts on the electronic equipment repair warranty services as per the market analysis report.

Key Takeaways

Over the forecast period of 2022 to 2032, the global electronic equipment repair service market share is expected to observe an absolute dollar growth of US$ 107 Bn and reach a valuation of US$ 228.2 Bn.
As per the market analysis report, consumer electronics is the most attractive segment for the electronic equipment repair service market that is predicted to witness a growth rate of 7.1% over the forecast years.
Among the different geographical regions, Europe is the leading market for fixing electronic devices with an expected to be valued at around US$ 68.6 Bn, recording a CAGR of 6.5% during the forecast period.
Asia Pacific countries are emerging as new leaders in the residential electronic equipment market owing to the highest growth rate of China, which is expected to reach a valuation of nearly US$ 25.2 Bn by the end of the year 2032.
The American electronic equipment repair service market was estimated to be valued at US$ 13.9 Bn in the year 2021 and is expected to grow at a CAGR of 6.5% through the forecast years.

Key Segments

By Product Type:

Consumer Electronics
Computer Related Products
Others

By Region:

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

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Competitive Landscape

Leading players in Electronic Equipment Repair Service Market are Encompass Supply Chain Solutions Inc, uBreakiFix, iCracked Inc, Moduslink Global Solutions, and Mendtronix Inc.

Electronic appliances manufacturing companies are enthusiastically providing repair service warranty services for their customers these days. The adoption of such business models has made the American electronic equipment repair service market highly competitive.

Long-term agreements of industrial electronic equipment repair service companies with various established industries are the major strategy adopted by top companies.

Collaboration with hospitals for providing healthcare medical device repair services is also turning out to be a remunerative option for some market players these days.