Market Research Blog – Page 968 – New Product Development

Global Infertility Drugs Market to Reach USD 6,814.68 Million by 2033, Growing at a 6.3% CAGR

The global infertility drugs market is set for significant growth over the next decade, with the market size valued at USD 3,699.8 million in 2023. According to industry analysis, the market is projected to expand at a compound annual growth rate (CAGR) of 6.3%, reaching USD 6,814.68 million by 2033.

Infertility, which affects both men and women equally, is becoming a growing concern globally. The increasing prevalence of infertility, driven by factors such as delayed pregnancies, lifestyle changes, and underlying health conditions, is expected to drive the demand for infertility drugs over the forecast period.

Key Market Drivers:

Rising Infertility Rates: The increasing incidence of infertility among both women and men is a major factor fueling the demand for infertility drugs. Factors like lifestyle changes, stress, and health issues are contributing to this rise.
Advancements in Fertility Treatments: Ongoing research and development efforts in fertility treatments, including more effective and accessible infertility drugs, are boosting the market.
Increasing Awareness and Access to Treatment: Growing awareness of infertility treatment options and improved access to fertility care across the globe are further supporting market growth.

Regional Insights: North America is expected to dominate the infertility drugs market due to the high prevalence of infertility, advanced healthcare infrastructure, and strong investment in fertility treatment research. Europe is anticipated to follow closely, while the Asia-Pacific region is emerging as a key growth area, driven by improving healthcare access and rising awareness of fertility treatments in countries such as India and China.

Market Outlook: As the demand for effective fertility treatments continues to rise, the global infertility drugs market is poised for robust growth over the coming decade. Advances in drug development, coupled with greater access to treatment options and increasing awareness about infertility, are expected to drive market expansion through 2033.

For treating infertility, market players are introducing novel medications. In the current instance, Oxolife is developing the first-in-class product candidate OXO-001, which is designed to enhance the binding of embryos to the inner lining of the uterus by increasing binding. Moreover, the United States-based biopharmaceutical company Ferring Pharmaceuticals recently launched its novel fertility treatment, Trisequens, for women.

Developing such products addresses a medical need that affects women around the world undergoing assisted reproduction because there is no substitute for improving the endometrium’s conditions for embryo implantation.

Infertility medicines are expected to contribute positively to the market as well as the presence of a variety of products for treating these conditions. For example, In-vitro fertilization (IVF) treatments, which involve fertilizing an egg outside of the body, are becoming more commonplace and are expected to drive market growth.

Infertility problems are caused by hormonal imbalance, polycystic ovarian disease, and weight issues caused by sedentary lifestyles. Therefore, the market is likely to grow over the forecast period as sedentary lifestyles become increasingly popular. The market growth may likely be hindered by rigid regulatory frameworks for product approval and high-priced patented products.

Competitive Landscape: Key Players Operating in the Global Infertility Drugs Market

Several key players dominate the global infertility drugs market, which is moderately competitive. A competitive landscape analysis includes some international and local companies that hold the market share and are well known, such as Ferring Pharmaceuticals Inc., Merck KGaA, Bayer AG, Pfizer Inc., Takeda Pharmaceutical Company Limited, Theramex, and Novartis AG.

Abbott Laboratories
Bayer AG, Novartis AG
Merck & Co., Inc.
Pfizer, Inc.
Teva Pharmaceuticals Industries Ltd.
Sanofi S.A.
Ferring Holdings SA
Organon & Co.
Mankind Pharma Ltd.

Recent Development

The strategy of mergers, acquisitions, investments, expansions of capacity, and plant turnarounds by major manufacturers, is further strengthening the market player presence and helping them in staying ahead of the competition.

For fertility treatment in India, Merck launched the Pergoveris Pen in August 2021. With the Pergoveris Pen, recombinant follicle-stimulating hormone and recombinant luteinizing hormone are combined in a ready-to-use device that an IVF specialist can prescribe. By combining bulk technology with a globally approved pen, infertile couples can provide themselves with a safe self-service infertility solution.
The AI-powered insurance platform InsurMedix closed a US$ 65 million funding round in November 2021 to cover fertility treatments. As the platform launched in the United States in early 2022, it provides fertility insurance, including IVF, complementary and alternative medicine, as well as medical tourism.
With Hamilton Thorne’s partnership in 2020, Genea Biomedx (Australia) planned to sell its fertility products in the United States and Canada. Genea Biomedx will be distributing Hamilton Thorne’s IVF laboratory systems, including their flagship product, the ZILOS-tk™ Workstation.
Pergoveris Pen was introduced by Merck to India in August 2021 to treat infertility. It is the first pen injector for gonadotropins, which are hormones that play an important role in fertility and reproduction.
Maven Clinic recently announced a partnership with The Fertility Partners, the prominent provider of fertility services in Canada, as part of its fertility clinic referral network. This network supports Maven’s members in more than 70 countries in finding high-quality fertility care. Additionally, Maven launched MavenRx, a new medication service, in February 2020 to help fertility members more seamlessly get their medications.

Key Companies Profiled

Abbott Laboratories;
Bayer AG, Novartis AG;
Merck & Co., Inc.;
Pfizer, Inc.;
Teva Pharmaceuticals Industries Ltd.;
Sanofi S.A.;
Ferring Holdings SA;
Organon & Co.;
Mankind Pharma Ltd.

A Full Report Overview

Infertility Drugs Market Segmentation by Category

By Drug Class:

Gonadotrophins
Aromatase Inhibitors
Selective Estrogen Receptor Modulators (SERMs)
Biguanides
Other Drug Classes

By End User:

Male
Female

By Distribution Channel:

Hospital Pharmacies
Retail Pharmacies
Other Distribution Channels

By Region Outlook:

North America
Latin America
Europe
The Middle East and Africa
East Asia

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Global On-orbit Satellites Servicing Market Valuation to Exceed USD 8.8 Billion Milestone by 2034, Driven by 12.3% CAGR

The on-orbit satellite servicing market is expected to experience significant growth in the coming years. The market is expected to rise at a CAGR of 12.3% through 2034. The market is projected to reach a valuation of USD 8.8 billion by 2034, rising from USD 2.8 billion in 2024. Various factors drive this growth, including cost reduction, technological advancements, and sustainability efforts. Satellite operators are increasingly seeking on-orbit servicing as it helps extend the lifespan of their satellites, optimize their performance, and mitigate the risks associated with space debris.

Countries like the United Kingdom, the United States, China, South Korea, and Japan are expanding their presence in this market to capitalize on the growing demand for reliable and sustainable space operations. They leverage their technological expertise, robust aerospace industries, and supportive regulatory environments to drive the expansion in on-orbit satellite servicing. These nations are leading advancements in servicing technologies and offering innovative solutions to meet evolving market demands through strategic partnerships, investments in research and development, and participation in international collaborations.

The demand for different types of satellite servicing fluctuates according to needs; small satellites in the on-orbit satellite servicing market are rising due to their unique operational advantages. Small satellites are being increasingly deployed to offer satellite-based services across various sectors. Active debris removal services are becoming popular to proactively remove defunct satellites, spent rocket stages, and other debris from orbit.

Some challenges pose potential constraints to market growth, such as regulatory hurdles, safety concerns, and environmental impacts. Despite these challenges, the market thrives, driven by increasing awareness, technological innovation, and the pressing need for sustainable space operations.

Collaborations between governments, commercial entities, and academic institutions play a crucial role in accelerating the adoption of on-orbit servicing technologies, ensuring the long-term sustainability of space activities.

“Technological advancements and sustainability initiatives present opportunities for companies to offer advanced maintenance, repair, and upgrade services. The trend toward satellite miniaturization and small satellite constellations also opens up scalable and cost-effective servicing solutions for industry players,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Market Study:

Active debris removal (ADR) and orbit adjustment services are poised to significantly influence the on-orbit satellite servicing market, which is expected to rise at a CAGR of 11.8% from 2024 to 2034.
The market is projected to experience a robust upsurge propelled by small satellites, exhibiting a CAGR of 12.1% until 2034.
The on-orbit satellite servicing market in South Korea has the potential to increase at a 14.1% CAGR through 2034.
The on-orbit satellite servicing market in Japan is projected to inflate at a CAGR of 13.9% through 2034.
The on-orbit satellite servicing market in the United Kingdom is predicted to rise at a 13.6% CAGR through 2034.
On-orbit satellite servicing in China is anticipated to develop at a CAGR of 12.9% through 2034.
On-orbit satellite servicing in the United States is estimated to rise at a whopping 12.5% CAGR through 2034.

Competitive Landscape

Leading on-orbit satellite servicing companies are expanding their global presence by forming strategic partnerships, developing advanced technologies, and penetrating new markets. They are collaborating with international space agencies, satellite operators, and industry stakeholders to extend their reach across geographies.

Major companies also invest in research and development to enhance their servicing capabilities, focusing on improving robotics, automation, and artificial intelligence. By leveraging their expertise and resources, they aim to meet the diverse needs of customers, comply with regulatory requirements, and take advantage of emerging opportunities in the dynamic space industry.

Top Key Players in the On-orbit Satellites Servicing Market

Maxar Technologies
Astroscale Holdings Inc.
SpaceLogistics LLC
Airbus SE
Thales Alenia Space

Market Segmentation:

By Type:

Small Satellites
Medium Satellites
Large Satellites

By Service:

Active Debris Removal (ADR) and Orbit Adjustment
Robotic Servicing
Refueling
Assembly

By End User:

Military and Government
Commercial

By Region:

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

Author:

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Contract Management Software Market 2024 Future Analysis, Demand by Regions and Opportunities with Challenges 2034

The global contract management software market size is expected to surpass a valuation of US$ 2,488.7 million in 2023. It is likely to cross a value of US$ 8,263.3 million by the end of 2033. The contract management software market is estimated to showcase a 12.9% CAGR from 2023 to 2033. Several small and medium-sized enterprises are adopting cloud-based solutions globally, along with dominant businesses. This has led to the contract management software industry expansion and is expected to boost market growth in the forecast period.

The introduction of AI-based contract management software solutions has offered endless potential to market players. Managing innumerable data has become easy, and millions of contract details may be maintained and tracked effectively. With the growing popularity of AI-based tools, AI-based contract management software is expected to lower the expenses of contract production. It also enables legal professionals to concentrate more on higher-value tasks rather than wasting time on tedious legal reviews. These factors combined are anticipated to create growth prospects for market players in the contract management software market in the projected period.

With the expansion of the medical sector and the healthcare industry, the contract management software sector is expected to grow more prominently. This is owing to the popularity of contract management software as a tool to aid the pharmaceutical industry in effectively managing payments and maintaining their accounts more efficiently. The attempts at reducing operational costs to enhance workflow by digitizing and bringing about digital transformation is expected to provide a massive growth opportunity for the players in the contract management software market in the forecast period.

The rising trends of working from home and remote working have highlighted the significance of collaborative tools for digital transformation. Contract management software provides remote teams a platform to ally contract creation, negotiation, and approvals without their location being a barrier. This contributes to the increasing adoption of contract management solutions across the world.

Key Takeaways

Based on research by analysts at FMI, the global contract management software industry in the Asia Pacific region is likely to come out as the most lucrative market in the forecast period, with several startups and emerging players coming forward. India is expected to expand at a CAGR of 14.5% in the forecast period, and China with a CAGR of 12.3%.
The market players in North America are already dominating the global contract management software market because of their increasing adoption of cloud-based solutions. The United States market for contract management software held a global share of 16.5% in 2022.
Owing to the increased availability of technology and its advancements in the field of contract management software, the United Kingdom is anticipated to take a rise with a healthy CAGR of 10.4% by 2033.

Competitive Landscape

The key strategy being used by dominant players in the contract management software industry is investments in research and development to innovate new cloud-based solutions and hold a competitive edge against competitors. To increase their digital footprint, market players are expanding their consumer base to online platforms and adopting strategies such as mergers and acquisitions.

Recent Developments

Aavenir, a leader in AI-enabled source-to-pay solutions, in the first half of 2023 introduced new capabilities to its flagship products, ContractFlow and RFPflow, that empower Aavenir’s consumers to source and contract in a smarter way.

Agiloft, a Contract Lifecycle Management (CLM) leader, announced its strategic partnership and technological integration with Mitratech, a leader in legal, compliance and HR software. This partnership offers legal guidance with a complete view of commercial and legal activities, empowering business leaders.

Picture background

Key Segments Covered in Contract Management Software Industry Survey

Contract Management Software by Component:

Software
Services
Consulting
Implementation
Support and Maintenance

Contract Management Software by Technology:

On-Premises
Cloud

Contract Management Software by Organization Size:

SMEs
Large Enterprises

Contract Management Software by Business Function:

Legal
Sales
Procurement
Others (IT, HR, and Finance)

Contract Management Software by Vertical:

Government
Retail and Ecommerce
Healthcare and Life Sciences
Banking, Financial Services and Insurance
Transportation and Logistics
Telecom and IT
Manufacturing
Others

Contract Management Software Market by Region:

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

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Content Distribution Software Market Soars to a Staggering US$ 32,591.1 Million, Predicted CAGR Exceeds 6.5% by 2033

The global content distribution software market is expected to experience robust growth, with a projected increase of 6.5% from 2023 to 2033, surpassing the growth rates seen in other industries. FMI’s latest report anticipates that the market size will exceed US$ 17,308.4 million in 2023 and is forecasted to reach a valuation of US$ 32,591.1 million by 2033.

Of note, the cloud-based segment is poised to be the primary revenue generator, with a projected compound annual growth rate (CAGR) exceeding 6.5% during the period from 2023 to 2033.

The worldwide Content Distribution Software market is poised for growth as global data requirements continue to rise. Content Distribution Software facilitates the organized storage of various digital media such as images, documents, video content, and streaming media. Moreover, these systems and tools have extensive applications that empower organizations to effortlessly create, assess, edit, and share electronic text with the public.

The Content Distribution System (CDS) is a software application that provides cooperative and managerial tools for easily managing web content. The web Content Distribution system’s key features include easy content distribution, the ability to have a number of users, simplified website maintenance, and simple modifications to the website interface. More network security and data backups are required for the system.

The fastest-growing contributing sectors to the Content Distribution Software market are administration, biological sciences, medical services, e-commerce, consumables, and security. Moreover, the Content Distribution Software market is expected to be driven by rapidly growing data requirements and a surge in cloud platforms.

By offering improved interactive tools and effective analytics, Content Distribution Software ensures the effective management of content for various enterprises globally. This results in more cost-effective and performance-enhancing solutions, better IT infrastructure management, and increased decision-making efficiency. Furthermore, cost reductions in web servers, electronics, internet access, and networking devices are expected to drive Content Distribution Software market growth.

In 2021, North America held the largest share of the global Content Distribution Software market. The North American market will be driven by a substantial number of treatment possibilities, high awareness of Content Distribution Software, and the growing availability of innovative internet technologies to facilitate the work process over the projected timeframe.

Furthermore, significant investments in the creation of advanced devices and software will boost this segment’s growth. The United States’ well-established IT industry contributes significantly to the country’s large share of the region. Furthermore, the region’s market is expected to be propelled in the future by a large consumer base that prefers technologically sophisticated customer interface software.

Winning Strategy:

The scope for the Content Distribution software market is promising as the demand for data continues to grow. These systems’ numerous types of applications and tools enable an organization to easily generate, evaluate, modify, and publicly release electronic text, graphics, HD video, and animation technology advancements that result in morphed content that is expected to drive demand. Moreover, Content Distribution Software is progressively being used to maintain websites with countless reviewers and segments, like journals and official websites. The demand is high in particular regions such as the US, mainly due to significant investments in the creation of advanced devices and software.

Leading Key Players:

Limber
InPowered
GetSocial
Revcontent
Brax
RelayTo
FlippingBook
PaperFlite
ContentStudio
UpContent
CoSchedule Marketing Calendar
RebelMouse
Outbrain Amplify
Structured Web

Content Distribution Software Market Segmentation:

By Deployment:

Cloud-Based
On-Premises

By Application:

Large Enterprises
SMEs

By Region:

North America
Latin America
Europe
APAC
MEA

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https://www.futuremarketinsights.com/reports/sample/rep-gb-15596

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Global Gravity Conveyor System Market Revenue to Drive Past USD 804.4 Million Mark by 2034, Driving 5.2% CAGR Growth

The global gravity conveyor system market value is forecast to increase from USD 484.5 Million in 2024 to USD 804.4 Million by 2034. Over the assessment period, global demand for gravity conveyor systems is projected to surge at a CAGR of 5.2%.

The gravity roller conveyor segment is expected to dominate the global gravity conveyor system industry through 2034. It will likely hold a volume share of 33.4% by 2024. On the other hand, the industrial machinery segment is set to thrive at a robust CAGR of 5.4% through 2034.

The global expansion of the gravity conveyor system market is anticipated to be significant, with a predicted increase of around 1.5X by 2034. This is due to the growing demand for efficient material-handling processes in several industries, including retail, manufacturing, logistics, and healthcare. Gravity conveyor systems will continue to expand in popularity due to their versatility, cost-effectiveness, and ability to enhance efficiency in material handling processes across diverse industries worldwide.

China is poised to maintain its steady position in the global gravity conveyor system market, capturing around 29.5% of the market share by 2024. China boasts a vast manufacturing infrastructure and skilled labor force, allowing for efficient and cost-effective production of gravity conveyor systems. Additionally, the country’s well-established supply chain networks and access to raw materials ensure smooth production and distribution processes, meeting global demand effectively.

Key Takeaways from the Report:

The global market for gravity conveyor systems is projected to thrive at 2% CAGR through 2034.
By conveyor types, the gravity roller conveyor segment is expected to have a total valuation of USD 268.7 Million by 2034.
By end-use, the industrial machinery segment is set to attain a valuation of USD 277.5 Million by 2034.
North America is expected to account for a significant share of about 0% in 2024.
Europe’s industry value is anticipated to reach USD 101.8 Million by 2024.
China is projected to attain a valuation of USD 237.3 Million by 2034.
Demand in India is predicted to rise at 7% CAGR through 2034.

“The gravity conveyor system market is poised to witness healthy growth due to escalating e-commerce, expanding industrial sectors, and increasing emphasis on supply chain optimization. With the growing demand for efficient material handling solutions across retail, manufacturing, logistics, and agriculture industries, adoption of gravity conveyor systems is expected to rise,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

The global gravity conveyor system market is moderately consolidated, with leading players accounting for about 40% to 45% share. Bosch Rexroth, Siemens, Dematic, Rexnord, Durr AG, and Buhler Group are the leading manufacturers and suppliers of gravity conveyor systems listed in the report.

Key Companies Profiled in Gravity Conveyor System Market:

Bosch Rexroth
Hitachi
Siemens
Dematic
Rexnord
Durr AG
Buhler Group
Daifuku
FlexLink
Jungheinrich
Liebherr Group
Dorner Conveyors
Hytrol Conveyor
Fujian Gao Chuang Machinery Co.
Kardex
LEWCO

Recent Development in the Gravity Conveyor System Market:

In February 2024, Ultimation Industries launched two new products under its heavy-duty gravity roller conveyor portfolio. The products come with two lengths that would enable manufacturers, shipping companies, and warehouses to gain access to novel material handling features.

Gravity Conveyor System Market Segmentation Analysis:

By Conveyor Types:

Gravity Roller Conveyor
Gravity Skate Wheel Conveyor
Flexible Conveyor
Spiral Conveyor
Multi-strand Chain Conveyors
Others

By Capacity:

Light Duty
Medium Duty
Heavy Duty
Very Light Duty

By Material:

Metal
Plastic
Others

By Sales Channel:

Direct Channel
Indirect Channel

By End-use:

Automotive
Food and Beverage
Agriculture
Industrial Machinery
Pharmaceutical
Retail
Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Chemical Dosing Equipment Market Size Forecasted to be Valued at USD 3,154.4 Million by 2034, Driving 5.2% CAGR Growth

According to a Future Market Insights (FMI), the global chemical dosing equipment market is estimated to be valued at USD 1900.0 Million in 2024. Global chemical dosing equipment sales will likely increase at 5.2% CAGR during the forecast period, totaling USD 3154.4 Million by 2034.

Dosing pumps are expected to remain a highly sought-after product in the market. This can be attributed to their rising usage for accurately metering and delivering the desired chemical solutions. The target segment is poised to grow at 5.4% CAGR.

Several factors are anticipated to stimulate growth of the chemical dosing industry during the assessment period. These include:

Rapid industrialization, especially across developing nations.
Growing usage of chemical dosing equipment across diverse industries, including food & beverages, water treatment, and oil & gas.
Increasing demand for clean and potable water globally.
Implementation of stringent environmental regulations to control pollution and ensure environmental sustainability.
Advancements in chemical dosing technologies.

The rising importance of chemical dosing equipment in water treatment procedures is expected to play a key role in boosting the global market. These systems are widely used in water treatment processes to precisely and accurately add coagulants, disinfectants, and other chemicals required for purification.

As water treatment facilities seek efficient and sustainable solutions, demand for chemical dosing equipment is set to rise steadily. This growth is fueled by a rising emphasis on clean water resources and environmental sustainability.

Growing adoption of automatic dosing equipment across industries like pharmaceuticals and oil& gas is expected to foster market growth. These automated systems are gaining wider popularity as they eliminate the need for manual intervention by incorporating sensors, control systems, and programmable features.

East Asia, spearheaded by China and Japan, is expected to dominate the global chemical dosing equipment industry through 2034. This can be attributed to the rapid penetration of industrialization, expanding water and wastewater treatment infrastructure, and favorable government support.

Key Takeaways from the Report:

The global chemical dosing equipment industry is set to total USD 3,154.4 Million by 2034.
Based on type, the pumps segment is anticipated to grow at 5.9% CAGR through 2034.
By application, the water treatment segment is poised to record a CAGR of 5.4% from 2024 to 2034.
Chemical dosing equipment demand in India will likely rise at 5.7% CAGR through 2034.
China is projected to register a CAGR of 4.1% between 2024 and 2034.

“The global chemical dosing industry is predicted to expand around 1.7X through 2034. This can be attributed to rising demand for clean water and increasing usage of chemical dosing equipment across pharmaceutical, oil & gas, food & beverage, and other sectors.” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Who is Winning?

The chemical dosing equipment is fairly consolidated, with top players accounting for about 35% to 45% of the share.

Top players are constantly developing more efficient and user-friendly chemical dosing equipment to boost their sales. They also adopt strategies such as partnerships, acquisitions, distribution agreements, mergers, and facility expansions to strengthen their footprint.

Recent Development:

In March 2021, Siltbuster, a prominent water treatment specialist, introduced an integrated chemical dosing system (iCDS).

Key Companies Profiled in Report:

Verito Engineering Private Limited.
Pure Aqua, Inc.
Dynamic Equipments Pvt. Ltd.
Verito Engineering Private Limited.
MIRANDA AUTOMATION PVT. LTD.
Unique Dosing System Pvt. Ltd.
Shapotools
Nishu Enterprises
Accepta Water Treatment
Grundfos Pumps India Private Ltd.
Eldex Corporation
GemmeCotti Srl
Flow Line Pumps And Engineers
Mini Max Dosing Pumps.
Metapow Engineers Pvt. Ltd

Get More Insights:

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the chemical dosing equipment market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034. To understand the global market potential, growth, and scope, the market is segmented based on type, technology, application, and region.

Chemical Dosing Equipment Market Segmentation Analysis:

By Type:

Pumps
Tanks and Containers
Valve
Meters

By Technology:

Automatic Dosing Equipment
Semi-automatic Dosing Equipment

By Application:

Water Treatment
Chemical Production
Oil and Gas
Food and Beverage
Pharmaceuticals
Others

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global LNG Storage Tank Market Share to Exceed USD 36.3 Billion by 2034, Driven by a CAGR of 8.1% | FMI Analysis

The global LNG storage tank market is anticipated to reach a valuation of USD 16.7 Billion in 2024, driven by integration with renewable energy systems. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 8.1% between 2024 and 2034, and reaching a total valuation of approximately USD 36.3 Billion by 2034.

Ongoing research and development efforts focus on enhancing LNG tank design, materials, and construction techniques to improve safety, reliability, and cost effectiveness, driving market growth. The growing demand for smaller scale LNG solutions, including modular LNG storage tanks, supports the development of niche markets and applications, such as remote power generation and transportation.

The increasing complexity and scale of LNG projects drive demand for specialized risk management and insurance services tailored to LNG storage and transportation, creating opportunities for insurance providers and risk management firms. Economic growth and urbanization in developing countries drive demand for cleaner and more efficient energy solutions, including LNG, driving investments in storage infrastructure to meet growing energy needs.

Decentralized LNG infrastructure, including small scale LNG terminals and bunkering facilities, caters to niche markets and applications, such as marine transportation, off grid power generation, and industrial use, driving demand for smaller storage tanks and modular solutions. Integration of digitalization, automation, and Internet of Things technologies in LNG storage tank operations improves monitoring, maintenance, and safety, optimizing tank performance and reducing operational costs.

Key Takeaways from the Market Study:

Global LNG storage tank market was valued at USD 16.7 Billion in 2024.
From 2019 to 2023, the market demand expanded at a CAGR of 6%.
The market in Japan is expected to expand at a CAGR of 6% through 2034.
By product type, the self supporting segment to account for a CAGR of 8% through 2034.
The market in Korea is expected to expand at a CAGR of 0% through 2034.
In terms of material type, the steel segment to account for a CAGR of 6% through 2034.

“Changes in regulatory frameworks, including safety standards, environmental regulations, and permitting processes, impact the design, construction, and operation of LNG storage tanks, shaping market dynamics and investment decisions,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Prominent players in the LNG storage tank market are:

Vijay Tanks and Vessels Ltd
Corban Energy Group
Luxi New Energy Equipment Group Co. Ltd
Vinci Construction
MHI Engineering and International Project India Ltd
Lloyds Energy
Transtech Energy LLC
Cryocan
Cryogas Equipment Pvt. Ltd.
Whessoe

Company Portfolio:

MHI Engineering and International Project India Ltd, a subsidiary of Mitsubishi Heavy Industries, offers comprehensive engineering solutions for LNG storage tank projects. They specialize in designing and constructing LNG storage tanks using advanced technologies and methodologies.
Lloyds Energy is involved in various aspects of the LNG value chain, including LNG storage and transportation. They provide consultancy services, project management, and investment solutions for LNG storage tank projects globally.

LNG Storage Tank Market Segmentation Analysis:

By Product Type:

Self Supporting
Non Self Supporting Tanks

By Material Type:

Steel
Nickel Steel
Aluminum Alloys
Other

By End User Industry:

Logistics Hubs
Transport
Industries

By Business Type:

Original Equipment Manufacturer
Aftermarket

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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FMI Analysis States Global Small Gas Engine Market Revenue Share Projected to Drive Past USD 5.0 Billion by 2034, Growing Steadily at 5.2% CAGR

The global small gas engine market is anticipated to reach a valuation of USD 3.0 Billion in 2024, driven by integration with renewable energy systems. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 5.2% between 2024 and 2034, and reaching a total valuation of approximately USD 5.0 Billion by 2034.

Beyond portable generators, there is a growing demand for backup power solutions in residential, commercial, and industrial settings, which includes standby generators powered by small gas engines, which provide continuous power during outages and are crucial for businesses and critical infrastructure.

While small gas engines remain prevalent, there is a growing emphasis on clean energy transitions worldwide, which includes initiatives to phase out traditional gasoline powered engines in favor of electric and alternative fuel options. Manufacturers can explore opportunities in hybrid engine designs and alternative fuel adaptations to align with sustainability goals.

Consumers increasingly seek customization and personalization options in outdoor power equipment and recreational vehicles. Small gas engine manufacturers can capitalize on this trend by offering customizable features, colors, and accessories to cater to individual preferences and niche markets.

Innovations in materials science and manufacturing techniques enable the production of lightweight, durable, and high performance components for small gas engines. Advanced materials such as carbon fiber, titanium alloys, and ceramic composites enhance efficiency, reliability, and longevity, driving market competitiveness.

Key Takeaways from the Market Study:

Global small gas engine market was valued at USD 8 Billion in 2023.
From 2019 to 2023, the market demand expanded at a CAGR of 9%.
The market in Japan is expected to expand at a CAGR of 9% through 2034.
By engine displacement, the 20 cc to 100 cc segment to account for a CAGR of 0% through 2034.
The market in Korea is expected to expand at a CAGR of 2% through 2034.
In terms of equipment, the lawn mower segment to account for a CAGR of 7% through 2034.

“Manufacturers are investing in ergonomic designs, user friendly interfaces, and intuitive controls for small gas powered equipment, as user experience becomes a crucial differentiator in the market. Enhancing comfort, safety, and ease of use can lead to higher customer satisfaction and loyalty,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

Prominent players in the small gas engine market are –

Briggs and Straton Corporation
Honda Motor Co.
Kohler Co.
Kawasaki Heavy Industries
Fuji Heavy Industries
Yamaha Motor Co.
Kubota Corporation
Liquid Combustion Technology LLC.
Champion Power Equipment
Fuzhou Launtop M&E Co. Ltd.
Maruyama Mfg. Co. Inc.
Lifan Power

Company Portfolio:

Kohler Co. is a leading manufacturer of small gas engines used in residential, commercial, and industrial applications. The small gas engines of the company power a variety of equipment, including lawn tractors, zero turn mowers, construction machinery, and standby generators.
Kawasaki Heavy Industries, Ltd. is a leading manufacturer of small gas engines used in motorcycles, ATVs, and outdoor power equipment. The engines of the company power a variety of outdoor power equipment, including lawn mowers, trimmers, brush cutters, and hedge trimmers. Kawasaki offers a range of engine sizes and configurations to suit different applications and user preferences, from residential to commercial use.Top of Form

Small Gas Engine Market Segmentation Analysis:

By Engine Displacement:

20 cc to 100 cc
101 cc to 400 cc
401 cc to 650 cc

By Equipment:

Lawn Mower
Chainsaw
String Trimmer
Hedge Trimmer
Portable Generator
Rotary Tiller
Pressure Washer
Concrete Vibrators
Concrete Screed
Edger
Leaf Blower
Others

By End Use:

Industrial
Construction
Gardening

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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FMI Study Predicts Global Micro-energy Harvesting System Market to Reach USD 788.5 Million Mark by 2034, Growing at 11.9% CAGR

The global micro-energy harvesting system market is anticipated to rise at 11.9% CAGR. The market is expected to increase from USD 256.2 Million in 2024 to USD 788.5 Million in 2034.

The growing utilization of energy harvesting technology and home automation applications is expected to propel the market’s growth. The green energy harvesting trend is significantly shaping the market, and its expansion is being aided by policies that governments worldwide support.

Industrial wireless sensor networks (WSNs) are predicted to continue using energy harvesting through the forecast period. Growing applications of the Internet of Things (IoT) in machine-to-machine (M2M) communications, smart homes, smart cities, and Industrial IoT (IIoT) are expected to surge demand for micro-energy harvesting systems.

Growing emphasis on environmental sustainability and energy efficiency encourages using micro-energy harvesting system systems to replace traditional power sources. The market is further expected to expand due to factors such as increased research & development, government funding, greenhouse gas emission reduction targets, rising energy consumption, and environmental awareness.

Key Takeaways from the Report:

The global market for micro-energy harvesting systems is anticipated to reach USD 788.5 Million by 2034.
The global market for micro-energy harvesting systems is projected to thrive at 90%CAGR through 2034.
By technology, the light energy harvesting segment is expected to grow at 2% CAGR by 2034.
By end-use, the consumer electronics segment is projected to thrive at a1%CAGR through 2034.
The United States is projected to thrive at a1% CAGR by 2034.

“The proliferation of IoT devices and smart systems creates several prospects for micro-energy harvesting system applications. As the number of connected devices increases worldwide, there is a greater demand for small, autonomous power solutions to support their operations, driving demand for micro-energy harvesting systems,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Competitive Landscape:

The global micro-energy harvesting system market is fragmented, with leading players accounting for around 25% to 30% share. ABB Ltd., EnOcean GmbH, STMicroelectronics N.V., Cymbet Corporation, Powercast Corporation, and MicroGen Systems, Inc. are the leading companies listed in the report.

Key micro-energy harvesting system companies invest in continuous research to produce new products and increase their production capacity to meet end-user demand. They are also inclined toward adopting strategies to strengthen their footprint, including acquisitions, partnerships, mergers, and facility expansions.

Key Companies Profiled:

Linde
Air Products
Plug Power
BP
Siemens
Lhyfe
First Micro-Energy Harvesting System
AMEA Power
Bloom Energy Corp
Air Liquide
Adani Green Energy
Shell PLC
Worthington Industries
Cryolor
Reliance Industry
Chart Industries
BayoTech
Micro-Energy Harvesting Systemics
Cummins
Sinopec

Recent Developments:

In February 2024,Enphase launched a microinverter for building-integrated photovoltaics. This new product allows efficient energy harvesting from small solar panels integrated into building materials.
In February 2024, Ambient Micro raised USD 5 Million for radio frequency energy harvesting. This company is developing technology to harvest energy from ambient radio waves to power small electronics.

More Insights into the Micro-energy Harvesting System Market Report:

In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the global micro-energy harvesting system market, providing historical data from 2019 to 2023 and forecast statistics for the period 2024 to 2034.

To understand the global market potential, growth, and scope, the market is segmented based on technology (light energy harvesting, vibration energy harvesting, EM & RF energy harvesting, thermal energy harvesting, magnetic energy harvesting, electric energy harvesting, and others), power density (15 m W/cm3, 330 µ W/cm3, 116 µ W/cm3, 40 µ W/cm3, 960 n W/cm3), end-use (building & home automation, consumer electronics, industrial, transportation, healthcare, security, others), and region.

Micro-energy Harvesting System Market Segmentation Analysis:

By Technology:

Light Energy Harvesting
Vibration Energy Harvesting
EM & RF Energy Harvesting
Thermal Energy Harvesting
Magnetic Energy Harvesting
Electric Energy Harvesting
Others

By Power Density:

15 m W/cm3
330 µ W/cm3
116 µ W/cm3
40 µ W/cm3
960 n W/cm3

By End-use:

Building & Home Automation
Consumer Electronics
Industrial
Transportation
Healthcare
Security
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
East Asia
South Asia and Pacific
Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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FMI Study States Global Oil and Gas Sensor Market to Surpass USD 14.1 Billion Valuation by 2034, Driving 5.6% CAGR Growth

The oil and gas sensor market is projected to register a CAGR of 5.6% from 2024 to 2034. The market is expected to be valued at USD 8.2 billion in 2024. The increasing amount of harmful gas emissions from various industries, including mining and vehicles, is expected to boost the demand for oil and gas sensors. The market is predicted to reach a valuation of USD 14.1 billion by 2034. The rising awareness toward environmental protection, comfort optimization, and technological advancements has led to the evolution of the oil and gas sensor market as a vital component of modern building infrastructure.

The oil and gas industry is experiencing a significant shift due to the rise of remote monitoring solutions and integration with IoT platforms. These solutions enable real-time data collection, analysis, and control, improving operational efficiency, safety, and cost savings. Sensor technology collects data on various aspects of operations, such as temperature, pressure, flow rates, and equipment status. The data is gathered through seamless communication between sensors, equipment, and central control systems. This allows operators to monitor critical parameters remotely, identify anomalies, and prevent equipment failures or production disruptions.

Multi-parameter sensors are also in high demand in the oil and gas industry, providing comprehensive monitoring and optimization of various operational parameters while minimizing complexity and cost. These sensors can simultaneously measure key parameters, providing a holistic view of operations and enabling more informed decision-making. They also improve operational efficiency by reducing the need for multiple individual sensors and streamlining data collection and analysis processes. Furthermore, multi-parameter sensors enhance safety and risk management by detecting early abnormal conditions or potential hazards.

Key Takeaways from the Oil and Gas Sensor Market:

The United States oil and gas sensor market is projected to experience a CAGR of 5.9% through 2034.
Japan’s oil and gas sensor market is expected to demonstrate a CAGR of 3.8% through 2034.
The United Kingdom’s oil and gas sensor industry is anticipated to see a CAGR of 6.7% through 2034.
The South Korean oil and gas sensor industry is expected to showcase a significant CAGR of 7.6% through 2034.
The Chinese oil and gas sensor market is expected to display a CAGR of 6.4% through 2034.

“The oil and gas sector embraces digitization and remote monitoring to increase operational effectiveness, safety, and cost savings. Sensor technology allows operators to monitor important parameters remotely by gathering data on operational parameters in real-time. This makes it possible to plan for maintenance and allocate resources effectively,” Says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape:

The oil and gas sensor market is witnessing a transformative shift driven by its key players’ focus on relentless innovation, strategic partnerships, and market expansion initiatives. These players are engaged in developing cutting-edge sensor technologies that cater to the specific requirements of the oil and gas sector, thus enhancing the efficiency, reliability, and safety of the industry’s entire value chain. These market players co-create solutions that address the sector’s evolving challenges and requirements through strategic collaborations with industry stakeholders and customers, driving adoption and market growth.

With the oil and gas sensor industry changing rapidly, key players use their global reach and distribution networks to break into new markets, grow their clientele, and acquire a competitive advantage. All things considered, their proactive attitude to innovation, teamwork, and market development is crucial in determining the course that the global oil and gas sensor market is going to pursue in the future.

Recent Developments in the Oil and Gas Sensor Industry

NASA created an outstanding imaging spectrometer in September 2023 to monitor carbon dioxide and methane from orbit, focusing on “super-emitters” that account for a major portion of global emissions.
eLichens and Sequans collaborated in September 2023 to create the Avolta Natural Gas Detector, a battery-operated device using NB-IoT/LTE-M technology and Sequans’ Monarch-2 platform for methane detection.

Key Companies:

Honeywell International Inc.
Siemens AG
Emerson Electric Co.
ABB Ltd.
Yokogawa Electric Corporation
Bosch Sensortec GmbH
Drägerwerk AG & Co. KGaA
General Electric Company
Teledyne Technologies Incorporated
Endress+Hauser AG
Rockwell Automation, Inc.
Schneider Electric SE
Texas Instruments Incorporated
MSA Safety Incorporated
First Sensor AG
Analog Devices, Inc.
Amphenol Corporation
Sensirion AG
Spectris plc
Teledyne Gas and Flame Detection

Key Market Segments:

By Type:

Pressure
Temperature
Level
Vibration

By Connectivity:

Wired
Wireless

By Sector:

Upstream
Midstream
Downstream

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us: