High-Temperature Industrial Burner Market Report Perspective with Study of Leading Players 2032

The U.S. is set to account for around 84.2% of the North America high-temperature industrial burner market in 2022. The country is estimated to create an absolute dollar opportunity worth US$ 63.8 Mn by the end of the forecast period. Over the forecast period of 2022-2032, the global high-temperature industrial burner market is expected to grow at a CAGR of 3.9% and reach a valuation of US$ 2.1 Bn by the end of 2032. Increasing demand for advanced industrial burners in heavy-duty industries that require high temperatures in enclosed systems to treat various materials would aid growth.

Increasing shift of metals and metallurgy businesses towards high-capacity industrial gas burners for heavy load applications is another crucial factor that would spur growth. Rising demand for innovative boilers that would be able to create high-pressured steam with the help of fuels such as biomass, petroleum, natural gas, and coal is also set to aid growth. Emergence of 3D technology to develop well-designed burners for various industries would create new growth opportunities for market players.

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Key Takeaways from Market Study

  • By application, boilers are expected to grow at a CAGR of 3.9% during the forecast period.
  • By burner design, the duo-block segment is anticipated to account for about 57.2% of the global market share in 2032.
  • By end-use industry, the power generation segment is projected to create an absolute dollar opportunity worth US$ 305.6 Mn during the evaluation period.
  • In terms of region, sales of high-temperature industrial burners in East Asia are estimated to exhibit a CAGR of 4.6%.
  • China is estimated to account for more than 53% of the market share by 2022 in East Asia.

Rising demand for heat and steam related processes across several industries and ongoing development of energy-efficient boilers would aid growth in the global market. In addition, surging use of electricity in the transportation sector is anticipated to boost the demand for power generation, thereby driving the market,” says a Future Market Insights analyst.

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Competitive Landscape

Some of the leading companies operating in the global high-temperature industrial burner market are Honeywell International Inc., Forbes Marshall Private Limited, Astec Industries Inc., Thyssenkrupp AG, Alfa Laval AB, Baltur S.p.A, Andritz AG, Oilon Group Oy, Weishaupt Group, ZEECO Inc., John Zink Hamworthy Combustion, Enervise, Babcock Wanson, SAACKE GmbH, Tenova S.p.A, Volcano Co. Ltd, Zhejiang Baite Burners Manufacture Co. Ltd., Olympia Kogyo Co. Ltd., and Elco Burners GmbH among others.

Get More Insights on High-Temperature Industrial Burner Market

The research report analyzes the market demand trend for the High-temperature industrial burner. The global market is based on macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the High-temperature industrial burner market report is studied and analyzed in the following segments- burner type, burner design, rated power, applications, fuel type, end-use industry & regions. The high-temperature industrial burner market report gives us qualitative and quantitative information about the companies.

About the Industrial Automation Division at Future Market Insights

The industrial automation division of FMI offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis of installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Key Segments Covered in High-Temperature Industrial Burner Industry Analysis

By Burner Type:

  • Regenerative Burner
  • High-Velocity Burner
  • Impulse Burner
  • Radiant Burner
  • Customized (Burner Boiler)
  • Flat Flame Burner
  • Oxygen Burner
  • Sinter Burner
  • Low & Ultra-Low Nox Burner
  • Flameless Burner

By Burner Design:

  • Mono-block
  • Duo-block

By Rated Power:

  • 1 to 5 MW
  • 5 to 10 MW
  • 10 to 20 MW
  • 20 to 50 MW
  • 50 to 100 MW

By Application:

  • Boilers
  • Steam & Gas Turbine
  • HRSG (Heat Recovery Steam Generation)
  • Furnaces/Forges
  • Hot Air Generators
  • Incineration

By Fuel Type:

  • Gas Burner
  • Oil Burner
  • Dual Fuel Burner

By End-Use Industry:

  • Metallurgy
  • Power Generation
  • Oil & Gas
  • Cement & Refractories
  • Chemical & Petro Chemical
  • Industrial Co-Generation Plant
  • District Heating
  • Pulp & Paper
  • Marine
  • Municipal Waste Incineration

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East & Africa

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Walk-in Coolers and Freezers Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2029

In 2022, the market for magnetic separators market is anticipated to grow to US$ 1.3 billion. The demand in the market is being driven by an increase in the use of magnetic separators to remove undesirable particles during the metal recycling processes across numerous industries. This will cause the market valuation to rise to US$ 1.7 billion in 2029.

Over the forecast period of 2022-2029, sales in the global magnetic separator market are expected to increase at a CAGR of 3.8%. According to Future Market Insights (FMI), in 2022, sales of magnetic separators will be accounted for by nearly 22.5% of the market in East Asia.

Magnetic separator is a type of separation and sorting equipment, mainly used for separating magnetic minerals mixed in non-magnetic minerals such as removal of metallic and ferrous materials from a mixture with the help of magnetic force.

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Magnetic separators have significant applications in metal and mineral mining industry, recycling industry, food and beverages processing industry, chemical industry, steel industry, foundry industry, plastic industry, cement industry, water, and wastewater treatment, among others.

Oceania Emerging as a High Potential Storehouse of Opportunities

In the past five years, the Oceania region witnessed substantial growth in mineral production. In 2012, the Oceania region accounted for a share of 5.1% in the global mineral production, while in 2017, the Oceania region accounted for a share of more than 7.0%. Increasing mineral production in the region is expected to increase the demand for mineral sorting and separation equipment. Consequently, increasing the demand for magnetic separators.

The rising number of metallic contamination incidents in several food and beverage products have triggered a great demand for enhanced safety. Government authorities have formed several regulations to improve the operational safety and thus, there has been a greater demand for high performance magnetic separators in the food and beverages processing industry.

The East Asia market is expected to dominate the global magnetic separator market, owing to its relatively large consumption for separation and sorting equipment in mining and other industries. North America and Europe magnetic separator markets are expected to experience modest growth, owing to being mature magnetic separator markets.

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Countries/regions such as Australia, Japan, India, Brazil, and ASEAN being at the forefront in the mining industry are expected to generate significant opportunities in the global magnetic separator market. Significant growth in demand for magnetic separators is also anticipated to be witnessed in countries of Middle East and Africa, owing to substantial requirement for separation and sorting equipment such as magnetic separators in mining, chemicals, cement, steel, and other industries.

Influx of Application Opportunities in ‘Recycling’ to Favor Demand Growth

On the basis of intensity type, the high gradient segment is foreseen to experience substantial growth in the magnetic separator market. However, owing to its low cost and high demand, the low intensity type magnetic separator segment is expected to account for a prominent volume share in the global magnetic separator market. On the basis of product type, pulley separator sales are expected to witness a growth of approx. 4.0 percent during the forecast period, which is mostly driven by its increasing applications in several industries with the primary intention of preventing metallic contamination.

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By material type, dry type magnetic separator is considered more into demand among the customers. The segment is expected to account for more than two third of the total market during the forecast period. By cleaning type, self-cleaning magnetic separator is considered more into demand among customers. The segment is expected to account for more than two third of the total market during the forecast period. On the basis of end-use industry, owing to increasing concern towards recycling of waste, scrap metal, and other materials, the recycling end-use industry segment is expected to project maximum growth during the forecast period.

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Some of the key manufacturers involved in the magnetic separator market are Eriez Manufacturing Co, Nippon Magnetics, Inc., LONGi Magnet Co., Ltd, Metso Corporation, Outotec Oyj, Noritake Co., Limited, A AND A MAGNETICS, INC, SLon Magnetic Separator Ltd., KANETEC CO.,LTD., Shandong Huate Magnet Technology Co., Ltd, Douglas Manufacturing Co., and Inc., among others.

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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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Magnetic Separator Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2029

In 2022, the market for magnetic separators market is anticipated to grow to US$ 1.3 billion. The demand in the market is being driven by an increase in the use of magnetic separators to remove undesirable particles during the metal recycling processes across numerous industries. This will cause the market valuation to rise to US$ 1.7 billion in 2029.

Over the forecast period of 2022-2029, sales in the global magnetic separator market are expected to increase at a CAGR of 3.8%. According to Future Market Insights (FMI), in 2022, sales of magnetic separators will be accounted for by nearly 22.5% of the market in East Asia.

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Magnetic separator is a type of separation and sorting equipment, mainly used for separating magnetic minerals mixed in non-magnetic minerals such as removal of metallic and ferrous materials from a mixture with the help of magnetic force.

Magnetic separators have significant applications in metal and mineral mining industry, recycling industry, food and beverages processing industry, chemical industry, steel industry, foundry industry, plastic industry, cement industry, water, and wastewater treatment, among others.

Oceania Emerging as a High Potential Storehouse of Opportunities

In the past five years, the Oceania region witnessed substantial growth in mineral production. In 2012, the Oceania region accounted for a share of 5.1% in the global mineral production, while in 2017, the Oceania region accounted for a share of more than 7.0%. Increasing mineral production in the region is expected to increase the demand for mineral sorting and separation equipment. Consequently, increasing the demand for magnetic separators.

The rising number of metallic contamination incidents in several food and beverage products have triggered a great demand for enhanced safety. Government authorities have formed several regulations to improve the operational safety and thus, there has been a greater demand for high performance magnetic separators in the food and beverages processing industry.

The East Asia market is expected to dominate the global magnetic separator market, owing to its relatively large consumption for separation and sorting equipment in mining and other industries. North America and Europe magnetic separator markets are expected to experience modest growth, owing to being mature magnetic separator markets.

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Countries/regions such as Australia, Japan, India, Brazil, and ASEAN being at the forefront in the mining industry are expected to generate significant opportunities in the global magnetic separator market. Significant growth in demand for magnetic separators is also anticipated to be witnessed in countries of Middle East and Africa, owing to substantial requirement for separation and sorting equipment such as magnetic separators in mining, chemicals, cement, steel, and other industries.

Influx of Application Opportunities in ‘Recycling’ to Favor Demand Growth

On the basis of intensity type, the high gradient segment is foreseen to experience substantial growth in the magnetic separator market. However, owing to its low cost and high demand, the low intensity type magnetic separator segment is expected to account for a prominent volume share in the global magnetic separator market. On the basis of product type, pulley separator sales are expected to witness a growth of approx. 4.0 percent during the forecast period, which is mostly driven by its increasing applications in several industries with the primary intention of preventing metallic contamination.

By material type, dry type magnetic separator is considered more into demand among the customers. The segment is expected to account for more than two third of the total market during the forecast period. By cleaning type, self-cleaning magnetic separator is considered more into demand among customers. The segment is expected to account for more than two third of the total market during the forecast period. On the basis of end-use industry, owing to increasing concern towards recycling of waste, scrap metal, and other materials, the recycling end-use industry segment is expected to project maximum growth during the forecast period.

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Some of the key manufacturers involved in the magnetic separator market are Eriez Manufacturing Co, Nippon Magnetics, Inc., LONGi Magnet Co., Ltd, Metso Corporation, Outotec Oyj, Noritake Co., Limited, A AND A MAGNETICS, INC, SLon Magnetic Separator Ltd., KANETEC CO.,LTD., Shandong Huate Magnet Technology Co., Ltd, Douglas Manufacturing Co., and Inc., among others.

About Future Market Insights (FMI)

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

Contact:

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Commercial Refrigeration Compressor Market 2022 | Current and Future Demand, Analysis, Growth and Forecast By 2032

The global demand for commercial refrigeration compressors is expected to show promising growth, with a value CAGR of higher then 4% over 2022-2029. An increase in food & beverage production, along with the expansion of cold chain capacities to ensure minimize wastage and efficient storage of food, is expected to increase the demand for commercial refrigeration compressors, worldwide, over the forecast period.

The commercial refrigeration compressors market is expected to grow at a promising rate during the forecast period, supported by the increasing number of retail stores across the globe.

Furthermore, positive change in living standards and improving macroeconomic scenario have led to a significant surge in the number of organized retail stores, worldwide.

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The rapid growth of the organized retail sector characterized by the rising number of supermarkets, hypermarkets, etc., is projected to drive the growth of the overall food chain, which, in turn, is estimated to boost the sales of commercial refrigeration compressors for refrigerated display cases and other refrigeration equipment.

Commercial Refrigeration Compressors Market Analysis by Region

From a regional perspective, East Asia is a projected to be a prominent market, owing to significant growth of retail stores in the region. Europe is projected to hold a value share of around 19% in the global commercial refrigeration compressors market.

The market in Asia Pacific is anticipated to expand at a relatively high growth rate, owing to the increasing demand for refrigerated display cases, beverage vending refrigeration systems, etc., which, in turn, is projected to drive the demand for commercial refrigeration compressors in the market.

The commercial refrigeration compressors market in China is expected to be a lucrative market, and is projected to grow at a value CAGR of nearly 6% during the forecast period.

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By Key Segment:

Type :

  • Reciprocating
  • Rotary
  • Scroll
  • Screw
  • Centrifugal

Cooling Capacity :

  • Upto 1 kW
  • 2-6 kW
  • 7-10 kW
  • 11-15 kW
  • 16-20 kW
  • 21-30 kW
  • 31-40 kW
  • Above 40 kW

End Use :

  • Transport based Refrigeration System
    • Shipping Based
    • Truck & Trailer Based
  • Walk-in-Refrigerators and Freezers
  • Reach-in-Refrigerators and Freezers
  • Beverage Vending Refrigeration System
    • Drinking & Soda Fountains
    • Beverage Cooling & Dispensing Equipment
    • Beer Dispensing Equipment
  • Refrigerated Display Cases
  • Ice Machines
  • Refrigerated Vending Machines

Refrigeration :

  • R290
  • R404A
  • R410A
  • R744
  • R134A
  • R407C
  • Others (R600A, etc.)

Region :

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

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Commercial Refrigeration Compressors Market: Vendor Insights

The report highlights some of the main companies that are operating in the global commercial refrigeration compressors market, such as Emerson Electric Co., HUAYI COMPRESSOR CO., LTD., Mitsubishi Electric Corporation, LG Electronics, Inc., The Danfoss Group, Panasonic Corporation, BITZER SE, GEA Group AG, Frascold S.p.A., Fusheng Co., Ltd., Nidec Corporation, Midea Group, Officine Mario Dorin S.p.A., Johnson Controls – Hitachi Air Conditioning, and Tecumseh Products Company LLC.

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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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Orthopedic Trauma Devices Market Expected to Account for US$14.8 Billion by 2028 – Get Customized Reports

The global Orthopedic Trauma Devices Market was estimated by Future Market Insights to be worth US$ 9.2 Bn in 2021. By 2028, sales of orthopaedic trauma devices are expected to increase at a CAGR of 6.9% and approach US$ 14.8 billion.

Primarily driven by increasing instances of fractures due to road accidents and sports related injuries, the global market for orthopedic trauma devices is anticipated to expand at a promising CAGR of 6.9% over the next decade.

As per the research presented in a recently published report by Future Market Insights, titled “Orthopedic Trauma Devices Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment, 2022 – 2028,” the market will also continue to be driven by impactful presence of some of the local players within respective regional markets.

“While the advent of 3D printing technology is likely to present the market a heap of new growth opportunities in 3D printed orthopedic implants, another significant opportunities lies in the popularly trending reverse shoulder arthroplasty. The rise of digital orthopedics will continue to fuel market growth through to 2028,” states a research analyst at Future Market Insights.

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Based on the regional analysis, the global orthopedic trauma devices market will continue to witness dominance of North America, which currently accounts for a major portion of the total revenues. With around 48% value share observed in 2021, North America’s orthopedic trauma devices market is estimated to attain a value in excess of US$ 6 Bn by the end of 2028.

Western Europe is also identified to be a key market, holding the second largest position in terms of value. Manufacturers will however discover attractive opportunities in developing economies, including Asia Pacific, Latin America, and Middle East and Africa. Among the emerging regional markets, Asia Pacific excluding China and Japan (APECJ) is likely to emerge at a relatively higher pace, followed by MEA.

China is expected to be the most lucrative market owing to the highest estimated CAGR value over 2022-2028. Strong presence of key companies will reportedly uplift the markets in North America and China.

A majority of the key companies operating in the global orthopedic trauma market are opting for strategic mergers and acquisitions, in addition to new product launches. According to the report, most of the revenue is contributed by the tier 1 companies, followed by the tier 3 players. The tier 1 includes DePuy Synthes Inc., Stryker Corporation, Zimmer Biomet Holdings Inc., and Smith & Nephew Plc., which collectively represent nearly 70% share of the total market revenues.

Among these, DePuy and Stryker will continue to remain the top players worldwide over the next decade. Tier 3 accounts for a relatively decent revenue share and includes brands such as Arthrex, Inc., RTISurgical, Medartis, Integra LifeSciences Corporation, Japan MDM, S. H. Pitkar Orthotools Pvt Ltd, Weigao Group Co Ltd, and Invibio Ltd.

Others operating in the global orthopedic trauma devices market include Johnson & Johnson Services, Inc., Wright Medical Group NV, B. Braun Melsungen AG, Orthofix International, and OsteoMed. Growing outpatient surgical procedure demand and boosting funds for delivery of the top-notch trauma care are foreseen to collectively create a lucrative pool of opportunities for the leading bunch of companies in the global marketplace. The market is also witnessing the development of novel and effective products for use in trauma care, which stands to be another important opportunity.

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Key Segments Covered in Orthopedic Trauma Devices Industry Research

Orthopedic Trauma Devices Market by Product Type:

  • Internal Fixators
    • Screws
    • Intramedullary Nails
    • Plates
    • Others (Wires, Pins, Staples)
  • External Fixators
    • Unilateral Fixators
    • Circular Fixators
    • Hybrid Fixators

Orthopedic Trauma Devices Market by Product Type by End User:

  • Hospitals
  • Orthopedic and Trauma Centers
  • Ambulatory Surgical Centers

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Orthopedic Trauma Devices Market by Region:

  • North America Orthopedic Trauma Devices Market
  • Latin America Orthopedic Trauma Devices Market
  • Europe Orthopedic Trauma Devices Market
  • East Asia Orthopedic Trauma Devices Market
  • South Asia & Pacific Orthopedic Trauma Devices Market
  • Middle East & Africa (MEA) Orthopedic Trauma Devices Market

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ASEAN Safety Sensors and Switches Market 2022 Assessment and Key Insights Analyzed Till 2028

In 2022, the ASEAN region’s market for safety sensors and switches is anticipated to be worth about US$891 million. The overall market is predicted to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028, as safety sensors and switches are increasingly being adopted to reduce individual and institutional damage.

Demand for better safety equipment is growing as ASEAN nations like Indonesia and Singapore experience rapid industrialization. The market is growing as safety sensors and switches are increasingly used.

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With a dominant share of 34.7% in 2022, Indonesia will continue to rule the ASEAN safety sensors and switches market. government regulations are being implemented with greater rigour, and automatic.

Automotive & Aerospace Industry Generating Notable Demand

According to the report, the oil & gas industry’s resurgence, soaring utilization of heavy duty machinery across verticals, and thriving pace of industrial automation and Industry 4.0 adoption will collectively necessitate the demand for streamlining of safety and security measures, thereby driving the revenue of ASEAN’s safety sensors and switches market.

Currently, over 60% of overall demand for safety sensors and switches is underpinned by the industrial end use sector, a third of which is accounted by the automotive and aerospace industry, followed by food and beverages industry operators.

FMI’s analysis reveals that oil & gas, metal & mining, and packaging industries will demonstrate high growth potential in the near future, in terms of adoption of safety sensors and switches.The report attributes surging installations of safety sensors and switches across industrial space to the tightening regulatory framework related to workplace safety and security, particularly for industrial workers.

ASEAN economies are looking forward to levy stringent safety regulations in the case of industries and commercial spaces to avoid any kind of damage or loss to property or life. This according to the report has created a potential opportunity for the safety sensors and switches market.

Moreover, while new installations of safety sensors and switches account for just-under 80% of the ASEAN’s total market value, FMI opines that the preference of end-use industries for new installation over retrofit will prevail in years to come.

ASEAN’s Manufacturers Facing Pricing Pressure

ASEAN market competition has been witnessing incessant support from prominent safety sensors and switches market participants based overseas. All the manufacturers are competing against each other as well as with foreign players in the machine safety products market to firm up in the marketplace.

Moreover, several start-ups have been considering sustainability as a key area of focus in the safety sensors and switches development. According to FMI’s analysis, this increasing competition scenario is imposing a negative impact on the price setting strategy, which is compelling manufacturers of safety sensors and switches in the ASEAN region to deliver offerings at lower prices.

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By Key Segments:

Category:

  • Basic Switches
  • Limit Switches
  • Pressure Sensors and Transducers
  • Hall-Effect and Magneto resistive sensors
  • Electro-magnetic relays
  • Barcode Scan Engines

Installation:

  • New
  • Retrofit

End Use:

  • Industrial
  • Automotive
  • Power Generation
  • Mining & Metal
  • Food & Beverage
  • Packaging
  • Pharmaceutical
  • Commercial
  • Office
  • Defence & Government Establishments
  • Hotels & Hospitals
  • Airports & Stations
  • Others (Private/ Academic Institutes, Commercial Shopping Complexes)
  • Residential

Country:

  • Malaysia
  • Singapore
  • Indonesia
  • Thailand
  • Vietnam
  • Philippines

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Competitive Landscape

The safety sensors and switches market report profiles some of the key companies that are operating in the ASEAN safety sensors and switches market, including Schneider Electric, Honeywell International, Emerson Electric Co., Eaton, Carlo Gavazzi Automation S.p.A., OMRON Corporation, OMEGA Engineering, WIKA Alexander Wiegand SE & Co. KG, TE Connectivity, VEGA Instruments Co., Ltd., Mitsubishi Electric Corporation, Texas Instruments, Infineon Technologies AG, Murata Manufacturing Co., Ltd., Panasonic Corporation, Phoenix Contact, KEYENCE Corporation, and ZEBRA.

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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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Carbide Tools Market Is Anticipated To Nearly Double By 2029, According To Future Market Insights

Estimated at a healthy Y-o-Y growth of 6.4%, global revenues of carbide tools market are set to exceed US$ 7 billion in 2022. A new Future Market Insights (FMI) study forecasts robust growth prospects for the global carbide tools market, prominently driven by fostering rate of adoption for automotive and fabrication applications. Drills and mills will remain the highest selling types of carbide tools, according to the report.

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FMI’s analysis concludes that mills and drills collectively account for just-under 60% share in the total revenue generated through carbide tools sales. Carbide drills are however observed hold an edge over carbide mills owing to higher adoption for automotive applications, particularly related to automotive engines.

The latter are expected to gain prominence in fabrication, as indicated by the report. Moreover, notably increasing demand for thermal deburring applications will reportedly spur sales of carbide burrs in the near future.

Based on FMI’s analysis, most of the carbide tools that are sold have machine-based configuration. The report highlights significant opportunities in automatic machines or lathe machines. Convenient handling and operation, high-speed compatibility, and superior proficiency will remain the key determining factors rendering higher preference for machine-based over hand-based configuration.

Almost 90% of carbide tools are coated, which affirm their improved performance over non-coated counterparts. Despite a high price point associated with the former, FMI anticipates that the revenue of coated tools will remain dominant over non-coated tools, as performance has become the paramount. Adoption for woodworking applications will sustain sales of non-coated carbide tools.

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Escalating utilization of carbide tools for job-shop applications in metal fabrication, general automotive applications, and high-speed cutting applications will predominantly push sales prospects of carbide tools, as per FMI’s research.

While adoption of carbide tools for automotive and fabrication end use applications holds more than 55% share in the total market revenue, growing adoption by heavy machinery manufacturers is also underpinning significant revenue generation in carbide tools market.

Europe has been spearheading the expansion of carbide tools market, which is likely to receive strong support from towering sales of EVs in the region. The report underscores remarkable contribution of China and India to the global market revenue.

Spectacular growth of the automotive components and metal fabrication industries has been instrumental in fueling the use of carbide tools within high-potential developing Asian economies, particularly China and India. Rapid automation of metal fabrication applications is cited as a predominant booster to adoption rate of carbide tools within the aforementioned countries.

According to the report, the collective share of China and India currently equates just-under a fourth of the global value, likely to thrive at a robust pace in the years to come.

FMI has covered detailed market structure in the carbide tools market report, which includes some of the most prominent players such as KYOCERA Corporation, YG-1 Co., Ltd., Mitsubishi Materials Corporation, Allied Machine & Engineering Corp., OSG Corporation, Fullerton Tool Company, Sumitomo Electric Hartmetall GmbH, and others.

The global market for carbide tools is a highly fragmented landscape and FMI has characterized the space by moderate competition. Established brands such as IMC Group and Sandvik AB have been facing challenges related to profit margins owing to promising entry of new market players. While entrants are likely to maintain their focus on economics costs during new product launches, leading companies will continue to prioritize expansion.

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Laparoscopic Devices Market to surpass US$ 18.4 Bn by 2029, Says Future Market Insights

The global laparoscopic devices market is projected to grow from a US$ 12.3 billion valuation in 2022 to a US$ 18.4 billion valuation by 2029, with a CAGR of 5.8%.

The laparoscopic devices market is projected to experience significant growth during the next decade. On the back of rapid growth in demand for minimally invasive surgery and expanding application potential in colorectal and bariatric surgical procedures.

Increasing FDI influx in developing regions coupled with marketing and promotional activities are expected to boost the laparoscopic devices market over the following years, says the report.

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Key Takeaways – Laparoscopic Devices Market Study

  • Steady demand growth is observed for bariatric surgery, in line with the expanding obese population coupled with wide-scale adoption rate of minimally invasive techniques. Sales of laparoscopic devices for bariatric surgery will surpassing that for colorectal surgery towards the end of projection period.
  • Sales of laparoscopic devices will be higher in North American countries. The availability of skilled surgeons and several advantages of minimally invasive surgery over open surgery are few factors driving the market of laparoscopy devices.
  • The key players in the laparoscopic devices market are focusing on technologically advanced surgical systems with improved dexterity, ergonomics, and visual enhancements that provide advantages to surgeons and minimize the risk for patients while undergoing laparoscopic procedures.
  • Increasing consumer base along with modern amenities in the healthcare sector is expected to drive sales of laparoscopic devices in developing regions.

Rising private and foreign investments in the laparoscopic devices market and adoption of subscription commerce marketing model by market players are anticipated to shape the overall laparoscopic devices market.

Adoption of Subscription Commerce Marketing Model

Companies are adopting various marketing model schemes such as subscription commerce to boost the sale of laparoscopic devices. Under this scheme, companies provide medical devices such as laparoscopy devices on pay-per-use basis. Thus, various end use segments can have access to these devices which might otherwise be prohibitively expensive, which in turn is helping manufacturers to expand their market share for laparoscopic devices, globally.

Due to intense competition, manufacturers of laparoscopic devices use innovative pricing strategies to remain at the forefront. Expanding access of laparoscopic devices by educating healthcare professionals through various conferences and training is enabling companies manufacturing these devices to enhance the adoption and equipping healthcare facilities with the necessary tools to provide optimal care to patients.

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Interested in More About Report Inclusions?

Laparoscopic Devices Market, a new study from Future Market Insights, opines on the evolution of the laparoscopic devices market from 2014 – 2018 and presents demand projections from 2019 – 2029 on the basis of product type (direct energy system devices, trocars/access device, internal closure devices, laparoscopes, hand access instruments, insufflation devices, and robotic assisted surgical system), therapeutic application (bariatric surgery, colorectal surgery, general surgery,  gynecological surgery and urological surgery), and end user (hospitals, ambulatory surgical centers, and clinics) across seven major regions.

Key Companies Profiled

  • Olympus Corporation
  • Braun Melsungen AG
  • Intuitive Surgical Inc.
  • Medtronic plc.
  • Stryker Corporation
  • Smith & Nephew Plc
  • CareFusion Corporation
  • Ethicon US, LLC
  • KARL STORZ GmbH & Co. KG
  • Richard Wolf GmbH
  • Endocontrol SA
  • Tekno-Medical Optik Surgery GmbH

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Laparoscopic devices market by Category

By Product

  • Direct Energy System Devices
  • Trocars/Access Device
  • Internal Closure Devices
  • Laparoscopes
  • Hand Access Instruments
  • Insufflation Devices
  • Robotic Assisted Surgical System

By Therapeutic Application

  • Bariatric Surgery
  • Colorectal Surgery
  • General Surgery
  • Gynecological Surgery
  • Urological Surgery

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Clinics

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About Future Market Insights (FMI) 

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

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Hydraulic Gear Pumps Market Navigation, Imaging and Positioning Solutions Market

Hydraulic gear pump sales continue to grow strong with the construction industry’s growth, sustained automobile sales, and adoption by mining industry operators. A recent Future Market Insights (FMI) study projects a steady growth outlook for the global hydraulic gear pumps market, reaching the valuation of US$ 2.5 Bn at the end of forecast period (2010 – 2030). Greater emphasis on upgrading existing pump models to enhance their energy efficiency quotient will mark an important trend in hydraulic gear pumps market. High manufacturing costs however remain a longstanding challenge limiting the rapid growth of hydraulic gear pumps market, says the FMI study.

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However, due to COVID-19 crisis, several production facilities are shuttered and workforce shortages prevail. This scenario is further complicated by undersupply of raw materials and supply chain disruptions. Moreover, direct impact of the halted progress of all end-use industries is negatively impacting the growth of hydraulic gear pumps market.

Key Takeaways of Hydraulic Gear Pumps Study

  1. External gear pumps will be the top selling category through 2030
  2. Sales remain concentrated in East Asia and Europe
  3. A third of total sales will be accounted by hydraulic gear pumps with an operating pressure of 150 – 250 towards the end of 2030
  4. End users are inclined towards specialist distributors that provide engineering expertise, aftersales services, and end-to-end solutions to meet specific demands of customers

Material handling equipment plays a vital role in lean supply chain management and it is gaining traction owing to the evolving outlook of transportation and logistics across the globe. Manufacturers of hydraulic gear pumps thus need to align their product offerings with the changing material handling equipment requisites.

Increasing Adoption in Agriculture and Forestry Equipment

Agriculture sector is also a significant end user shaping up the market for hydraulic gear pumps. The demand is expected to increase for the agricultural applications. A majority of manufacturers in the global hydraulic gear pumps market are following the trends of manufacturing and providing hydraulic gear pumps specifically for agricultural and farming equipment.

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Competitive Landscape Analysis

The hydraulic gear pumps market represents a fairly fragmented market structure, owing to the presence of a large number of hydraulic gear pump suppliers across the globe. Eaton Corporation, Parker-Hannifin Corporation, and Bucher Hydraulics GmbH remain some of the market leaders, operating with medium to high level global presence. Top 10 market participants in the hydraulic gear pumps landscape currently account for more than 30% revenue share and prefer to concentrate on strategic collaboration agreements with regional leaders in distribution space. New regional distributorships will enable them to gain a competitive advantage while introducing new offerings to newer regional markets.

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Know More About the Report Coverage

The research report analyzes the total sales of Hydraulic Gear Pumps on the basis of volume (Th. units) and value (US$ Mn). The market is projected on the basis of factors such as Rising Construction Spending, Growth in Material Handling Equipment Industry, Increasing Automotive Production and Fleet Scenario, Swelling Demand for Oil & Gas, Consumption of Chemicals, COVID-19 Crisis Impact and Automation in Agricultural Activities. The scope of the research report includes the sales of Hydraulic Gear Pumps used in Construction Equipment, Mining Equipment, Automotive, Material Handling Equipment, Off Highway Vehicles, Processing Industry and Other Industrial Machinery and Equipment. As per our research scope, we have considered the External Gear Pumps and Internal Gear Pumps.

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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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Explosion Proof Equipment Market Size, Share & Forecast | US$ 10,037.2 Million in 2032: FMI

The global explosion proof equipment market is expected to grow from US$ 7,272.9 Million in 2022 to US$ 10,037.2 Million in 2032. According to FMI, the market is predicted to grow at a CAGR of 3.3% over the forecast period from 2022 to 2032.

On the other hand staggering of mineral and mining industries globally are becoming the key restraint for the global explosion proof equipment market.

Explosion is defined as an extreme increased in the energy of a system, which can be nuclear, mechanical or nuclear in an uncontrolled amount result in increasing in temperature and evacuation of gases. There are so many sources responsible for the explosions, some of them are increased pressure, nuclear reactions, leakage of gases, dust and others. In order to prevent these explosions, several types of prevention measures are being taken in to account at a time of  designing products for electrical, mechanical, nuclear and chemical use and these devices/products are termed as explosion proof.

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Explosion Proof Equipment: Segmentation

Segmentation of explosion proof equipment market is done on the basis of protection type, flammable substances, by explosive characteristics, by applicable systems, by verticals & by geography. Based on the protection type, segmentation of explosion proof equipment is done as explosion proof/explosion containment, explosion prevention/limiting energy, explosion segregation (isolation).

On the basis of flammable substances, explosion proof equipment is segmented as Class 1, Class 2, and Class 3. By area classification segmentation of global explosion proof equipment market is done as Division I & Division II. On the basis of explosive character sticks, global explosion proof equipment market is segmented as zone 0, zone 1, zone 2, zone 20, zone 21, and zone 22.

Explosion Proof Equipment: Key Players

The key players of global explosion proof equipment market are Adalet, Alloy Industry Co. Ltd., eaton, S.C. UMEB SA, Warom Technology, Inc. Alloy Industry Co. Ltd. & others.

The report covers exhaustive analysis on:

  • Explosion Proof Equipment Market Segments
  • Explosion Proof Equipment Market Dynamics
  • Historical Actual Market Size, 2014 – 2015
  • Explosion Proof Equipment Market Size & Forecast 2016 to 2026
  • Supply & Demand Value Chain
  • Explosion Proof Equipment Market Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain
  • Explosion Proof Equipment Market Drivers and Restraints

Regional analysis for Explosion Proof Equipment market includes

  • North America
    • US & Canada
  • Latin America
    • Brazil, Mexico, Others
  • Western Europe
    • EU5
    • Nordics
    • Benelux
  • Eastern Europe
  • Asia Pacific
    • Australia and New Zealand (ANZ)
    • Greater China
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Japan
  • Middle East and Africa
    • GCC Countries
    • Other Middle East
    • North Africa
    • South Africa
    • Other 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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Explosion Proof Equipment Market

by applicable system explosion proof equipment is segmented into following segments such as

  • switchgear
  • surveillance & monitoring systems
  • material handling systems
  • lifting systems
  • cable glands
  • power generation
  • distribution systems
  • others.

Geographically, explosion proof equipment is segmented into seven regions which are ;

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • The Middle East and Africa (MEA)

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 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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