South America Residential Water Treatment Equipment Market is Driven by Rising Awareness of Environmental Pollution

The demand in the South America residential water treatment equipment market will multiply at a CAGR of 9.2% during the forecast period of 2016 to 2026. In 2016, the total opportunities in this market translated into a revenue of US$330.0 mn.

The residential water treatment equipment market is being driven by rising awareness of environmental pollution, harmful effects of hard water, rising concerns about waterborne diseases and other risks, the introduction of smart water purifiers, growth in online sales of water treatment equipment, and the need for additional treatment at POE or POU to collect recycled water.

On the other hand, lack of awareness among consumers, cost of equipment, installation, and periodic services, and aging infrastructure are a few obstructions hindering the prosperity of the market.

Nevertheless, growing investments on energy-efficient and advanced water treatment technologies, smart metering and data analysis, provision of product certification and performance of specific products, growing number of collaborations between government and private players, and recent technological advancements in the treatment processes.

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The analysts of the report have detected that Brazil is the most lucrative country for the vendors operating in the South America residential water treatment equipment market, projecting the demand from the 200-plus million strong nation to increment at a CAGR of 8.7%, producing a revenue of more than US$475 mn by 2026.

The Brazil residential water treatment equipment market is driven by favorable government policies to counter radically escalating water contamination concerns in the states of Rio de Janeiro, Espírito Santo, São Paulo, and Minas Gerais. These states have had tremendous industrialization in the recent past, which is leading to greater demand for water purifiers.

In 2015, volume-wise, the Brazil residential water treatment equipment market produced a demand for 345 thousand units, and the FMI report has estimated the number to escalate up to 875 thousand units by 2026, gaining traction from growing awareness regarding the need and availability of products among the urban consumers. Most of the sales are being report from online portals and retail stores, while direct marketing methods are not generating enough leads.

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The competitive landscape of the South America residential water treatment equipment market is split wide open for product differentiation. There is a strong need for the introduction of new and innovative products in the regional market and the players are now increasing concentrating on UV and gravity or media based purifiers, as these products meet the aesthetics norms.

Some of the prominent companies in the South America residential water treatment equipment market, such as LG, Forbes Lux Group, Philips, and Panasonic are innovating and promoting UV purifiers and are expected to maintain their stronghold throughout the forecast period.

Based on equipment, the FMI report segments the South America residential water treatment equipment market into osmosis equipment, UV equipment, gravity or media equipment, faucet filter, and other filters.

Segmentation of Residential Water Treatment Equipment Market in South America

According to the taxonomy provided in the report, the residential water treatment equipment market in South America has three major segments includes, filtration devices, purification devices and regions.

On the basis of filtration devices, the market has faucet filters and others sub-segments. The other sub-segment includes filter water bottle, solar ball and water pitcher. Purification devices segments comprises of three segments, such as reverse osmosis, ultra violet and gravity media. Based on geography, the residential water treatment equipment market in South America has expanded among six major countries, namely, Argentina, Peru, Chile, Brazil, Venezuela and rest of South Africa.

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

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Retinal Biologics Market is reaching US$ 41.92 Bn at a gracious rate of 11.1% by the year 2028 | FMI

Revenue from the retinal biologics market reached US$19.96 billion in 2021. The global market is anticipated to grow at a CAGR of 11.1% from 2022 to 2028, reaching US$ 41.92 billion.

  • Increasing prevalence of diabetic eye diseases and age-related macular degeneration (AMD)
  • Significant R&D investments engaged in developing biologics for infectious and non-infectious retinal diseases
  • Growing application of specific biologic molecules as a promising drug target
  • Development of gene therapy as retinal biologics in the wake of large number of monogenic retinal disorders

“Higher specificity of retinal biologics as compared to other traditional therapies has escalated R&D efforts in the retinal drug delivery field. Rising burden of diseases as well as treatment on the back of ageing population and spread of diabetes epidemic have increased efforts in finding the cure of untreatable diseases. Greater strides to develop long-acting therapeutics in a bid to reduce disease burden is set to augur well for the retinal biologics market and generation of US$ 41.92 billion market value is projected in 2028,” says FMI report.

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Promising Treatment of VEGF-A Antagonist Drug Translates to Hefty Revenue Generation

The FMI study estimates that adoption of VEGF-A antagonist class of drugs remains higher as compared to TNF-α inhibitor. In 2021, VEGF-A antagonist drugs witnessed significant penetration while accounting for a hefty 93% revenues of the retinal biologics market. Significant advances in developing biologics for VEGF-A antagonist therapy and their delivery to posterior ocular tissues are underway.

Ubiquitous acceptance of VEGF-A antagonist therapy has led manufacturers to invest in the development of retinal biologics in a similar area. For instance, Eylea by Regeneron and Lucentis by Roche are VEGF-A antagonist drugs available in the market.

The study finds that despite lower revenues, penetration of TNF-α inhibitor drugs is likely to increase at a rapid pace in the coming years. In 2028, annual revenues of TNF-α inhibitor drug class is expected to grow at an impressive rate of 11.6%.

Retinal Biologics Find Prominent Use in Macular Degeneration Treatment

The study opines that over 35% of the retinal biologics revenues were consolidated in the treatment of macular degeneration. Highest revenue growth of 12.3% is also expected in macular degeneration as compared to other indications where retinal biologics are used in 2028.

Macular degeneration (MD) remains the leading cause of vision loss wherein it affects over 10 million Americans, the prevalence is higher than the combined incidences of cataract and glaucoma, as per the American Macular Degeneration Foundation (AMDF). As macular degeneration mainly affect people of age 50 years or more, with the ageing population, the prevalence of MD continues to rise despite improved treatment options.

Diabetic retinopathy and diabetic macular edema treatments also significantly include retinal biologics in therapy. FMI shows that collectively both the disorders accounted for over 43% of the retinal biologics market revenues in 2021. Annual revenue growth in these two disorders is estimated to remain above 10% in 2028. Increasing incidences of diabetes complications on the back of growing epidemic of diabetes will continue to increase cases of diabetic retinopathy and diabetic macular edema, thereby generating demand for retinal biologics in the coming years.

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Retinal Biologics Distribution in Specialty Clinics and Hospitals Prominent

Manufacturers in the retinal biologics market distribute the products through institutional and retail distribution channels. The FMI study finds that institutional sales will garner higher revenues in the retinal biologics market wherein retinal biologics are distributed in specialty clinics and hospitals. Sales in hospitals accounted for over 35% of the market revenues in 2021.

The study estimates that retail sales of retinal biologics will garner similar revenues as that of hospitals and grow at 11.9% in 2028. Retail distribution occurs through retail pharmacies and mail order pharmacies of which retail pharmacies will register higher revenues as compared to its counterparts in the coming years.

Penetration in North America Higher, APEJ’s Attractiveness to Increase

North America continues to hold leading revenues in the retinal biologics market. According to FMI valuation, North America held over 46% of the global retinal biologics market revenues in 2021. Revenues in North America are expected to grow at 10.4% y-o-y in 2028 on the back of increasing prevalence of retinal disorders, steady growth of the healthcare infrastructure and favorable reimbursement scenario.

Europe garnered nearly one-fourth revenues in the retinal biologics market, wherein a bulk of demand penetration was observed in Western European countries such as Germany, the UK, France, Italy, Spain and others. The attractiveness of the APEJ retinal biologics market is expected to rise at the rate of 11.1% in 2028, wherein China and India remain the most lucrative markets.

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Key Segments of Retinal Biologics Industry Survey

Retinal Biologics Market by Drug Class:

  • VEGF-A Antagonists
  • TNF-α Inhibitors

Retinal Biologics Market by Indication:

  • Macular Degeneration
  • Diabetic Macular Edema
  • Diabetic Retinopathy
  • Uveitis
  • Others

Retinal Biologics Market by Distribution Channel:

  • Institutional Sales
  • Retail Pharmacies
  • Mail Order Pharmacies
  • Retail Sales

Retinal Biologics Market by Region:

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

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Market For Laser Welding Equipment Is Anticipated To Grow By US$ 373 Million By 2025 | FMI

The laser welding equipment market is likely to grow by US$ 373 Mn by 2025, exhibiting a CAGR of 4.8% during the forecast period 2022-2032.

The advancements in laser technology have resulted in its wide usage and laser beams a “commonplace”. The laser welding process is used for welding a wide range of materials. Laser welding equipment finds its application in materials with high heat conduction and higher melting point. The method aids the joining of components that needs high-speed welding and low thermal distortion. The laser welding process has the majority of its application in exotic applications where no other welding process would be suitable.

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The product is highly demanded by the essential growth sectors such as photovoltaic, entertainment electronics, medical device technology etc. The continued growth in the photovoltaic demand and succeeding its production are greatly responsible for the growth of the global laser welding equipment market. The equipment provides high precision, flexibility and productivity which allows mass production of innovative products.

The global laser welding equipment market is expected to grow due to the extensive usage of laser welding equipment in various end-user segments. The growing market has been experiencing a phase of emerging acceptance by many new customers that are new to the laser. The global laser welding equipment market is being expanded based on three-pronged areas including the already existing users that are increasing their use of laser welding equipment for explicit applications; the development of new technologies for new applications; and the development of new applications for existing technologies.

Recently heavy industries such as the wind industry has been increasing their usage of laser welding equipment so as ensure a lower cost of offshore wind energy. The wind turbine towers and substructures are becoming the prime focus points for laser welding equipment manufacturers.

Laser Welding Equipment Market: Drivers & Restraints

The global laser welding equipment market is expected to grow due to increasing demand from the automotive sector as well as the construction sector. The market augmentation is further supported by the emerging economies such as Asia pacific with high growth potential industries such as wind energy. The rising importance of wind energy is expected to promote the global laser welding equipment market.

The emergence of the new procedures and applications globally coupled with new technological development is further driving the growth of the global laser welding equipment market.

Conversely, the shortage of skilled labours in the industries of manufacturing is accepted to confine the market growth. It is also anticipated that a hefty initial price tag (that saves money over time) and high labour costs can pose a challenge for the growing market of laser welding equipment market.

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Laser Welding Equipment Market: Region-wise Outlook

The laser welding equipment market is expected to register favourable growth for the forecast period, 2015? 2025. The Asia Pacific is projected to endure control of the global laser welding equipment market. The factors contributing to the rising demand in APAC are growing awareness of laser welding technology and rising construction sector, automotive and transportation sector. Europe is expected to lose its share to emerging economies due to the shortage of raw materials and adverse effects of economic crisis on the end user industries. The North America and Rest of the world followed the European market.

Laser Welding Equipment Market: Key Players

The key players in the global laser welding equipment market are Lincoln Electric, ITW, Böhler, Panasonic and ESAB (Elektriska Svetsnings-Aktiebolaget)

The research report presents a comprehensive assessment of the 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 categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes

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

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

Laser Welding Equipment Market: Segmentation

By application, the global laser welding equipment market is segmented as follows:

  • Spot welding and seam welding
  • Deposition welding
  • Scanner welding
  • Hybrid welding
  • Deep penetration welding
  • Heat conduction welding
  • Soldering
  • Laser welding of plastics
  • Tube and Profile welding

By end use, the global laser welding equipment market is segmented as follows:

  • Machine Tool Industry
  • Medical Device Technology
  • Plastic Processing
  • Solar Industry (Photovoltaic)
  • Electronics Industry
  • Automotive Industry
  • Semiconductor Industry
  • Glass Industry
  • Jewellery Industry
  • Packaging Industry
  • Plastic Processing
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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According To FMI, The Market For Marine Cranes Is Anticipated To Be Worth US$7945.2 Million By 2032.

The global marine cranes market is expected to be worth US$ 7945.2 million by 2032, up from US$ 3868.2 million in 2022, with a CAGR of 7.5 percent over the forecast period.

Marine cranes are the rotating lifting and pedestal-mounted elevating machinery used to transport cargo or personnel for marine vessels, oil drilling platforms, navy ships and fishing vessels. Rapidly growing industrialization, mainly in emerging nations, and noteworthy prominence on energy conservation has led to remarkable advancement in the global marine crane market during the forecast period.

Over the past few years, hydraulic marine cranes have gained significant traction in the global marine crane market as it is highly reliable and has high load bearing capacity. Moreover, new project associated with offshore wind turbine is roaring and also supporting the growth of lattice boom marine cranes in European countries, particularly in the U.K. and Germany.

On the other hand, flexibility, low operational cost, high safety and low maintenance cost remain the prime focus of key manufacturers in the global marine crane market throughout the forecast period. The future stance in the global marine crane market is projected to persist positive and the market is expected to witness high CAGR growth during the forecast period.

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Marine Cranes Market: Dynamics

Increasing oil field discoveries will fuel the need for equipment such as marine cranes and increasing merchant vessels for transporting cargo and passengers and fishing vessels may support intangible growth for the global marine crane market during the forecast period. Furthermore, robust collaboration among the private and public players are driving the global marine crane market.

Complicated design, need of trained operators and fluctuating raw material price are expected to hamper the global marine crane market during the forecast period. Furthermore, high operational risk, for instance position accuracy, suppression and collision avoidance may also hinder the global marine crane market throughout the forecast period. Moreover, curb in the production of gas and oil industries has significantly impacted the growth of this market.

New product development and technology up-gradations and governmental regimes to deteriorate regional manufacturer is gaining high traction in the global marine crane market during the forecast period.

Marine Cranes Market: Region-wise Outlook

It is expected that the Asia-Pacific is dominating in the global marine crane market owing to the high presence of shipbuilding industry and transportation particularly in South Korea, China & India. Furthermore, the rise in population and rapid urbanization that result of increasing seaborne traffic may hike the demand of the global marine crane market in this region.

Latin America is also gaining significant traction in the global marine crane market during the forecast period, increasing offshore vessels have increased the demand for offshore cranes. It is anticipated that the market performance of Latin America will be also commendable and likely to improve further in the near future.

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Marine Cranes Market: Key Participants

Examples of some the key participants of the global marine cranes market are:

  • TECHCRANE INTERNATIONAL, LLC.
  • Anupam Industries Limited
  • PALFINGER AG
  • DMW Marine Group, LLC
  • HS MARINE S.R.L.
  • Kenz Figee Group
  • HEILA Cranes S.p.a.
  • Fjell Marine Service AS
  • Gulf Crane Services
  • NINGENMURA COMPANY
  • INDUSTRIAGUERRA, S.A.
  • Atlas Polar Company Limited
  • Favelle Favco Group

The research report presents a comprehensive assessment of the 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 market segments such as geographies, application, and industry.

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The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • 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 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 report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Marine Cranes Market: Segmentation

The global marine cranes market can be segmented based on product type, design type, application and end use.

By Product Type, the global marine cranes market can be segmented as:

  • Hydraulic Marine Cranes
  • Electric Marine Cranes
  • Others

By Design, the global marine cranes market can be segmented as:

  • Knuckle boom marine crane
  • Telescopic marine crane
  • Lattice boom marine crane

By Application, the global marine cranes market can be segmented as:

  • Vessels marine cranes
  • Offshore marine cranes
  • Others

By End user, the global marine cranes market can be segmented as:

  • Terminal
  • Port
  • Others

By Sales Channel, the global marine cranes market can be segmented as:

  • OEMs
  • Aftermarket

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Wound Debridement Products Market to Hit US$ 857.55 Billion by 2032 | Future Market Insights

In 2022, the wound debridement products market is anticipated to be worth US$ 497.3 billion. The overall demand for wound debridement products is anticipated to increase at a CAGR of 5.6% between 2022 and 2032, reaching approximately US$ 857.55 Billion by 2032 due to the rise in the incidence of hard and heal wounds, as well as the rising number of collaborations, partnerships, and new product launches.

Demand for wound debridement products is surging steadily owing to its steady demand, especially from hospitals and specialty clinics. The report also expands on the previous competitive section, with divestures, mergers & acquisitions, and new forays analyzed.

According to latest analysis, wound debridement product sales have witnessed a minor decline in US, the largest market globally. However, demand still continues to be strong and manufacturers can expect a steady stream of opportunities during the forecast period. US currently accounts for nearly one-fourth of all wound debridement sales globally.

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Applications in Treating Chronic Ulcers and Surgical Wounds Driving Demand

Demand for wound debridement products continues to remain high for treating chronic ulcers and surgical wounds.

According to the study, these two application areas continue to create opportunities for market players.

Of particular significant is application in chronic leg ulcers. Chronic ulceration of lower legs continues to be a challenge area, with 3.6% of people older than 65 years suffering from this (Grant Medical College).

FMI’s study reveals that use of wound debridement products in treating these types of ulcers will continue to account for steady demand over the course of the forecast period.

Who is Winning in this Space?

The global wound debridement products market is extremely competitive in nature.

According to FMI, majority of the players in the wound debridement products market are focusing on acquisitions and launching new and effective product variants

For instance, Axio Biosolutions, a leading Indian company working in the industry, is consistently working on the creation of an emergency wound hemostat.

The company also launched an effective dressing namely “Axiostat” which gained a whole lot of importance and wide acceptance across the defense forces and civil hospitals.

The dressing has helped majorly in preventing bleeding in the wounds.

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Key Takeaways from Study

  • Hospitals will remain the largest demand generators for wound debridement products
  • Strong demand in US to continue in 2021 and beyond, making North America the largest market globally
  • New product innovation to be a key focus area for manufacturers
  • Demand for wound debridement products rising in Asia Pacific as various economies make an early recovery from COVID-19 pandemic

Demand Likely to Increase in Asia Pacific

FMI’s analysis reveals US to be the most lucrative market for wound debridement products, but owing to relatively less impact on many Asian economies, demand is likely to surge.

China, India, and South East Asian countries have been lesser impacted by the covid-19 crisis, as compared to US and Western Europe.

Further, healthcare sector in these countries is going through an infrastructure revamp, which is also likely to create opportunities for manufacturers.

More Valuable Insights

In its latest report, FMI offers an unbiased analysis of the global wound debridement products market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of end users, application, regions and product types.

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Wound Debridement Products Market – Segmentation by Category End Users

  • Hospitals
  • Ambulatory Surgical Centres
  • Specialised Clinics
  • Nursing Facilities
  • Others

Regions

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Applications

  • Chronic Ulcers
  • Surgical Wounds
  • Traumatic Wounds
  • Burn Cases

Product Types

  • Hydrosurgical Debridement Devices
  • Low Frequency Ultrasound Devices
  • Surgical Wound Debridement Devices
  • Mechanical Debridement Pads
  • Traditional Wound Debridement Devices
  • Larval Therapy

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

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Air Audit Equipment Market Is Projected To Expand At A 2.8% CAGR From 2022 to 2032 | FMI

The global air audit equipment market is expected to be worth US$ 12,850.8 million by 2032, with a CAGR of 2.8 percent from 2022 to 2032. The automotive industry is expected to be a significant consumer of air audit equipment during the forecast period, thereby supporting market growth. As of 2022, the market is likely to reach US$ 9,749.9 Million, representing a Y-o-Y incline worth 2.8% from 2021.

Air audit equipment are used by various end use industry to improve system reliability, reduce unscheduled downtime, increase productivity and reduce energy and repair cost. Air audit will help you identify and define your system problems, whether they are in distribution, supply or demand and recommending solutions, permitting you to meet your return on investment goals. 

The different equipment used in air audit are particle counter, pressure meter, flow meter, differential pressure meter, leak detector and energy meter. Air audits are executed to form a baseline of energy consumption for a compressed air system. Through data logging and careful review of compressed air system, these baseline are determined along with an analysis of the utility data. 

Air audit equipment are used by various end-use industries, such as automotive, oil & gas, food & beverages and chemical and petrochemical industries. Among these, audit equipment are highly used by the oil & gas and food & beverages industries. 

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Global Air Audit Equipment Market: Dynamics 

Drivers: 

Air audit equipment reduces the annual spending and overall operation budget, which is expected to be a major factor driving the growth of air audit equipment market over the forecast period. Moreover, leakage is a significant source of wasted energy. An audit equipment can quickly identify the biggest leaks currently affecting the energy consumption. 

This will give traction to the growth of air audit equipment market in the near future. Furthermore, air audit equipment ensures that all the equipment are operating at peak performance, provides safety to the workers and speed up processes in production by upgrading inefficient equipment. These are the factors which will further drive the air audit equipment market during the forecast period. 

That apart, the different benefits of air audit equipment such as avoid purchase of new equipment and identify silent leaks will also add to the growth of market. 

Restraint 

Lack of commercialization is expected to be a major factor hampering the growth of the air audit equipment market over the forecast period. Moreover, unfavorable economic conditions and renewable source of energy also act as a restraining factor to the growth of air audit equipment market in the near future. Furthermore, slowdown in the demand of equipment will further obstruct the growth of the market. 

Global Air Audit Equipment Market: Participants 

Examples of some of the market participants identified across the value chain of the global air audit equipment market include: 

  • Elgi Equipments Ltd 
  • Nessco Pressure Systems 
  • Forbes Marshall 
  • SMC Corporation 
  • AIRFILTER ENGINEERING 
  • Peerless Energy Systems 
  • HTE Technologies 
  • Air Energy 
  • US Equipment 
  • SKF 
  • Northern Dock Systems Inc. 
  • ANGSTROM PTE LTD 
  • HTE Technologies 
  • MGM Industrial Solutions 

The research report presents a comprehensive assessment of the 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 market segments such as geographies, application, and industry. 

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Key Segments Profiled in the Global Air Audit Equipment Market Report

Air Audit Equipment Market by Equipment Type:

  • Air Audit Particle Counter
  • Air Audit Oil Vapor Measurement
  • Air Audit Pressure Meter
  • Air Audit Flow Meter
  • Air Audit Differential Pressure Meter
  • Air Audit Leak Detector
  • Air Audit Energy Meter
  • Air Audit Dew Point Meter

Air Audit Equipment Market by End Use:

  • Air Audit Equipment for Automotive
  • Air Audit Equipment for Oil & Gas
  • Air Audit Equipment for Food and Beverage
  • Air Audit Equipment for Power Generation
  • Air Audit Equipment for Mining
  • Air Audit Equipment for Chemical and Petrochemical Plants

Air Audit Equipment Market by Region:

  • North America Air Audit Equipment Market
  • Latin America Air Audit Equipment Market
  • Europe Air Audit Equipment Market
  • Asia Pacific Air Audit Equipment Market
  • Middle East and African Air Audit Equipment Market

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Advanced Process Control Market 2022 Assessment and Key Insights Analyzed Till 2032

The advanced process control market is expected to grow at a 9.31 % CAGR during the forecast period. The constant rise in user demand, as well as the adoption of best practises to improve production and quality, as well as advanced automation and process controls, has resulted in significant growth in the APC system. However, it requires a large initial investment and is only suitable for large-scale production.

Future Market Insights upcoming report on global Advanced Process Control market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Advanced Process Control market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond.

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Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Advanced Process Control market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

According to the FMI’s report, the Advanced Process Control market is projected to record a CAGR of xx% over the forecast period. To receive the detailed insights about the Advanced Process Control market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming 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 2022.

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 2022. However, with relaxation in lockdown, the Advanced Process Control 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 Advanced Process Control market.

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Key Questions Answered in the Report

  1. What are the key trends and challenges that will affect global Advanced Process Control market in upcoming years?
  2. What are the factors that will influence the Advanced Process Control market demand?
  3. Which region will be the most lucrative for Advanced Process Control market throughout the forecast period?
  4. How will evolving regulatory policies impact the market growth?
  5. What is the impact of Covid-19 on the Advanced Process Control market?

Advanced Process Control Market: Segmentation

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Detailed analysis on the geographical region and country wise insights are offered in the latest Advanced Process Control market report with established market players as well as incumbents in the region.

By Segment :

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

  • By Prominent Market Players
    General electric Co.
  • Rudolph Technologies
  • Yokogawa Electric Corp
  • Emerson Electric Co.
  • ABB Ltd.
  • Aspen Technology
  • Honeywell International, Inc.
  • Schneider Electric Se
  • Rockwell Automation, Inc.
  • Siemens AG

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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 Advanced Process Control market.

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

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Vertical Turbine Pumps Market Is Expected To Garner A Market Value Of US$ 40.72 Billion In 2032

The Vertical Turbine Pumps market had a market value of US$ 25 billion in 2022 and is expected to have a market value of US$ 40.72 billion in 2032, with a CAGR of 5% from 2022 to 2032. Rapid urbanisation and rising demand for wastewater treatment are driving market growth.

Vertical turbine pumps are classified as a type of centrifugal pump. In vertical turbine pumps, motor is located above the ground level and is connected to the impellers at the bottom of the pump via vertical shaft. These pumps are generally driven by a diesel engine or by an AC electric induction motor.

Vertical turbine pumps are usually used where submersible pump cannot be used. Vertical turbine pumps are also known by deep well turbine pumps. The usage of vertical turbine pumps is mostly found in wide range of municipal, agricultural, and industrial applications.

In vertical turbine pumps, maintenance of the pump head is quite difficult. It needs a lot of headroom for its maintenance. This is the only challenge faced by the manufacturers of vertical turbine pumps across the globe.

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Global Vertical Turbine Pumps Market: Market Participants 

The global market for vertical turbine pumps is moderately fragmented as there are significant number of manufacturers across the globe. Although, names of some of market participants engaged in the manufacturing and sales of vertical turbine pumps are mentioned below:

  • National Pump Company.
  • Grundfos Pumps Corporation
  • Pentair Aurora Pump
  • Simflo Pump
  • Process Systems
  • Neptuno Pumps Ltda
  • Sintech Precision Products Ltd
  • Flowserve
  • Ruhrpumpen
  • Kirloskar Brothers Limited
  • ITT INC.
  • Gusher Pumps
  • Hydroflo Pumps
  • Sulzer
  • CNP PUMPS INDIA PVT. LTD
  • C.R.I. Pumps Private Limited
  • Hydroflo Pumps
  • Sulzer
  • Grundfos

Vertical turbine pumps are classified as a type of centrifugal pump. In vertical turbine pumps, the motor is located above the ground level and is connected to the impellers at the bottom of the pump via a vertical shaft. These pumps are generally driven by a diesel engine or by an AC electric induction motor.

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Key Segments Profiled in the Vertical Turbine Pumps Industry Survey

Stage:

  • Single Stage Vertical Turbine Pumps
  • Multi-Stage Vertical Turbine Pumps

End use:

  • Agriculture & Irrigation
  • Power Generation
  • Oil & Gas
  • Municipal
  • General Industry
  • Chemical
  • Mining

Region:

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

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Growth of the Aviation Test Equipment Market Will Expand At A CAGR Of 4.3%-FMI

The Growth of the Aviation Test Equipment Market is expected to reach $9.8 billion by 2032, growing at a CAGR of 4.3 percent. In 2022, total sales of aircraft test equipment will reach US$8.0 billion. Increased R&D activities aimed at developing technologically sophisticated products in the aerospace and military industries are likely to stimulate demand for aviation test equipment.

Aviation Test Equipment are used in the Aviation industry for maintain and also for upgrading the hydraulic, pneumatic, electrical power systems. Maintenance system in the aircraft and also regular checkups of the aircrafts is very important in both the sectors, commercial as well as in defense sector. There are aircraft mechanics to examine and replacement of aircraft parts, to diagnose any electrical and mechanical problem, to repair brakes, wings or any other aircraft equipment, to test aviation equipment’s with gauges, inspection of the complete work or process to maintain performance standards.

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Recently, Airbus has fitted the test equipment in its first A321neo in Germany. The aircraft, MSN6673 would be fitted with Pratt and Whitney PW1100G engines. The test regime will be adopted for A321neo because its wings differ from A320 neo and A319neo.

Aviation Test Equipment Market: Drivers & Restraints

Technological advancement, increase defense budget, increase in R&D activities of aviation test equipment’s, wavering government expenditure, multi-use test system for multiple weapon platform, scalable and configurable testers, increase usage of software adaptable solution are the most important driving factors in aviation test equipment market. Since there’s also an increase in the aerospace activity, the demand for aviation test equipment has increased regardless of the geographical location.

Short life span of avionics module and maintenance of legacy platforms are acting as a barrier for aviation test equipment market.

Aviation Test Equipment Market: Overview

The aviation test equipment market has grown substantially at a healthy CAGR due to increase product innovation and increase aerospace activity. With rapid technological advancement and expertise, aviation test equipment market is expected to grow globally. Asia Pacific will emerge as the fastest growing region in aviation test equipment market.

Aviation Test Equipment Market: Region-wise Outlook

The aviation test equipment market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, aviation test equipment market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. Asia Pacific and Middle East and Africa are the growing market due to the increasing aerospace activity. Europe and North America also have a market for aviation test equipment’s since they have more resources, technically advance and expertise than the developing regions.

Aviation Test Equipment Market: Key Players    

Some of the key market players in aviation test equipment market are Airbus, GE, Boeing, Honeywell International, Moog, 3M, Rolls Roycee Holdings.

The research report presents a comprehensive assessment of the 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 categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes

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

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

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Aviation Test Equipment Market: Segmentation

Aviation Test equipment market is broadly classified on the basis of the following segments –

By Product:
  • Electrical Aviation Test Equipment
  • Hydraulic Aviation Test Equipment
  • Power Aviation Test Equipment
  • Pneumatic Aviation Test Equipment
By End-User:
  • Commercial
  • Defense/Military Sector

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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

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Traction Motors Market – Major Revenue Gains are Expected by 2032

In 2022, traction motor sales on a global scale were estimated to be 11.7 billion. Between 2022 and 2032, the overall demand is anticipated to grow at a CAGR of 13.0%, exceeding a valuation of 30.0 Billion. The market for traction motors has experienced growth, which may be attributed to the rising demand from a variety of industries, including the automotive and electric & electronics sectors, for high performance motors.

Additionally, because of the rotating characteristics of traction motors, which supply the necessary torque in engines and machinery, the demand for them will endure for decades. Elevators, escalators, and locomotives are just a few examples of the electrical and industrial equipment that traction motors have played a vital role in.

The growing preference for automating all mechanical processes has increased the significance of traction motors. The use of traction motors in household goods like washing machines will keep driving up demand on the international market.

Additionally, traction motors will be integrated into combustion engine hybrid technological advancements for greater efficiency. The increase in traction motor adoption in the global market will be reflected in the rising demand for vehicles that travel on land, in the air, and on water.

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Dynamics of Global Traction Motors Market

The key driver of the global market for traction motors is the extensive application in the automotive and machinery sector. Besides this, the growth of global traction motors is also influenced by factors such as

  • Rising demand for efficient power conversion

Under normal conditions, traction motors are efficient in converting a majority of the electrical power into mechanical energy, which assists the locomotive operations such as dynamic braking.

  • Increasing electrification of automobiles

The demand for electric vehicles (EV) has gained considerable traction in the automotive industry. As a result, there is a subsequent upsurge in the demand for EV traction motors.

  • Varying emission standards

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Technological developments owing to the changing emission regulations has generated the demand for engines with reduce emissions. This is steering the demand for more enhanced and fuel-efficient traction motors in the global market.

The only constraints reshaping the dynamics of the market include the operational glitches of traction motors. The overheating of traction motors is one of the major restraints hampering the growth of the global market. The insulation breakdown and the commutation malfunctions are also observed as the factors limiting the adoption of traction motors.

Leading Industrial Contributors

Expanding the product portfolio by enhancing the existing range of traction motors will be observed as the key strategy by manufacturers. Aisin, ABB, Alstom, General Electric, Continental, Mitsubishi, Magna International, and Toshiba, among others can be regarded as the leading companies in the global market for traction motors.

The research report presents a comprehensive assessment of the 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 market segments such as geographies, types and applications.

Among the regional segmentation of the global market, Asia Pacific is expected to witness higher production of traction motors, owing to the booming automobile sales in countries such as China, Japan and South Korea. The rising industrialisation in North America is anticipated to promote the use of traction motors in several manufacturing machinery. Also, the advancements incorporated with traction motor technology are also predicted to boost the demand in European countries such as United Kingdom.

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Market Segmentation & Regional Overview

Application:

  • Transportation
  • Industrial machinery and equipment
  • Others

End Users:

  • Hybrid vehicles
  • Compact construction equipment
  • Escalators
  • Elevators
  • Other (Washing machines, Electric Aircraft, etc.)

Region:

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

About Future Market Insights (FMI)

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

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Future Market Insights, Inc

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