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In any electrical installation power meters are required to monitor voltage, current and power range which is offered by a digital powered meter. The key function of a digital power meter is to measure power quality parameters such as harmony, current/voltage unbalances as well as electrical energy.

The COVID-19 pandemic is having a significant impact on the global economy at various levels, and its impact is also being seen in the industrial automation market. This thriving sector is expected to offset sharp declines in sales during the closure period, when manufacturing units experienced shutdowns, raw material shortages and human resource shortages. Production and supply chain activity suffered a slight downturn, as can be inferred from the emergency caused by the pandemic. However, the market is expected to recover gradually after COVID-19, which will provide attractive sales opportunities in various regions of the world over the next few years. 

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In the forecasting era, Future Market Insights has adopted a multidisciplinary approach to highlight the successes and progress of the digital power meter market . The study presents the current growth dynamics along with key prospects for the forecast period 2021-2031 and a deep plunge for key earnings in 2020.  

Analysts at Future Business Insights have utilized extensive, significant and detailed secondary research to arrive at various digital wattmeter market forecasts and forecasts at national and international levels. They have leveraged solid business consolidation estimates, figures and market information across various industries to assess and forecast the income of the digital power meter market. 

key players 

Authors will create content about common strategies of market participants. Then the major players in the market are:

• high-tech electronics company
• EKM Metering Inc.
• Elster Group GmbH
• Halimetering Co., Ltd.
• Itron Co., Ltd.
• Jiangso Linyang Energy Co., Ltd.
• JiaxingEstron Electronic Instruments Co., Ltd. Ltd.
• Kamstrup A/S
• Landis+Gyr AG
• Murata Power Solutions
• Schneider Electric SA
• American sense
• simpson electric
• HPL Electrical and Power Limits

Division 

The report provides readers with comprehensive insights to evaluate a deeper understanding of the market. Numerous segments have been provided for this market based on:

product segmentation 

The research provides a top-down assessment of the various customer journeys related to the market and its sector. This study seeks to evaluate the factors shaping the income potential in the global market, broken down by di, such as current and future development potential, undiscovered roads, types, applications and regional assessments. 

Step criteria:

• single phase wattmeter
• three phase wattmeter

End-use criteria:

• industry
• advertisement
• utility scale

Insights from the report

• Detailed overview of the mother 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 offerings
• Potential and niche sectors, geographic regions with promising growth
• Neutral view of market performance
• Information essential for market participants to maintain and improve their market footprint

Area of ​​application

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

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An in-depth analysis of the parent market 

FMI analysts generate results following industry-wide quantitative customer insights and methodologies for demand forecasting. The study not only provides estimates and forecasts, but also provides a clear assessment of these figures for market dynamics. 

Significant changes in market dynamics

This report was constructed after observing and analyzing various strategies that determine regional growth, such as the monetary, ecological, social, mechanical and political status of its demographics. We produce after thoroughly analyzing data on sales, production, and producers in each region.

Market segmentation details 

• Previous, ongoing and projected market analysis in terms of volume and value 
• Niche Industry Development Assessment 
• Market Share Analysis 
• Key strategies of key players 
• Emerging Sectors and Regional Markets    

resolved query 

• What is the size of the overall Digital Power Meter market in the Industrial Automation market and its segments? 
• What are the key segments and sub-segments in the market? 
• What are the key drivers, restraints, opportunities and challenges in the Digital Power Meter market in the Industrial Automation market and how are they expected to affect the market? 
• What are the attractive investment opportunities within the Digital Power Meters Market in the Industrial Automation Market? 
• What is the digital power meter market size for industrial automation market at regional and national level? 
• What are the key market players focusing on? 
• What are the growth strategies adopted by the key players in the Digital Power Meters market in the Industrial Automation market? 
• What are the latest trends in the Digital Power Meter market in the Industrial Automation market? (M&A, partnership, new product development, expansion)? 
• What are the challenges of the Digital Power Meter market in the industrial automation market growth? 
• What are the key market trends impacting the growth of the Digital Power Meter market in the Industrial Automation market? 

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Reasons to buy a report 

• Our industry analysis helps companies confidently and clearly navigate challenges and make important decisions in the face of fierce competition. 
• We provide detailed market segmentation, market overviews, insights and reports, and the latest trends that no other company gets. 
• Proprietary Databases With paid databases and knowledge accessible in the public domain, FMI conducts comprehensive secondary research. See business groups and organizations’ press releases, annual reports, investor announcements, and research articles.
• FMI provides the most accurate analysis of markets and trends because it speaks to a wide range of stakeholders including senior management, distributors, product manufacturers, and industry experts. Therefore, the data collected comes from very reliable sources.

About Us

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

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Underground storage tanks which are used to store liquid or semi-solid product such as water, petrochemical, chemical and hazardous substances. The underground storage tank are available in various shape and size such as horizontal and vertical cylindrical, flat bottom, dish bottom and slope bottom and closed top.

An underground storage tank (UST) is, as per U.S. government guidelines, a limit of tank, barring any underground piping related with the tank that has in any occasion 10% of its volume underground.

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This does exclude, in addition to different things, any residential or farm tank of 1,100 gallons or less limit utilized for putting away engine fuel for noncommercial purposes, tanks for taking care of warming oil for use on the premises, or infected tanks. Underground storage tanks system that contains chemical, fuel, water and wastes are various and broad and represent a critical danger to ground water quality in the United States.

Underground Water Storage Tanks are commonly used for the storage of natural drinking water cisterns, irrigation water storage, fire protection, rain harvesting systems, and several other waste water uses that include the demand for underground storage tank will increase in upcoming forecast period of time.

Petroleum vapors have the ability to penetrate buildings from leaking underground storage tanks, where they could pose a risk to the health of occupants. This issue is called Intrusion of Petroleum Vapor. This might hinder the growth of the demand for underground storage tanks.

The initial construction costs of underground storage tanks that are used to store hazardous goods, chemical and defective installations, and the pathetic maintenance and operating services are hampering the growth of the demand for underground storage tanks.

The underground storage tank will remain the major component, and due to the increasing development of new chemical plants and increased concern for the recycling of industrial chemicals, it is also projected to see the highest growth during the forecast period.

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Underground Storage Tanks: Regional Outlook

North America underground storage tanks market demand is expected to significantly increase due to increasing in research and production activities in U.S. and Canada with increasing demand for storage and transportation of natural gas in expected forecast period.

Asia pacific is anticipated to register fastest growth in upcoming year due to increase in demand for end use industry. India, ASEAN, Australia and China are the prominent markets in Asia Pacific region due to rapidly expanding end use industries in this countries.

Middle East & Africa underground storage tanks market is also anticipated to register significant growth of rate during the forecast period due to increase urbanization, water conservation programs in rural centers, government regulations and surge in oil production in different region in Middle East.

Underground Storage Tanks: Market Segmentation

The underground storage tanks can be segmented by type, capacity, application and end use industry wise:

By Type :

• Aluminum or Steel Tanks
• Composite Over wrapped
• Thermoplastic Tanks
• Cisterns

By Capacity Wise :

• Less than 1000 gallons
• 1001 to 10000 gallons
• Above 10000 gallons

By Application Wise :

• Industrial chemical
• Oils
• Fuel
• Water
• Others

By End Use Industry Wise :

• Industrial
• Municipal/ Community centers
• Domestic/ residential

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About Us

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

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According to a study by Future Market Insights (FMI), the managed file transfer (MFT) market will surpass US$ 1.7 Bn in 2021 on the back of increasing adoption in BFSI and IT & Telecom industries. Managed file transfer is a form of software that File transfers possible both within and between enterprises.

This method is thought to be a transparent way of sharing data with additional features like tracking and monitoring. It is rapid, secure, and dependable. Users may utilise the technology to identify data loss from a certain point in time and receive a notification when a file transfer is successful.

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As a result of digitization, businesses are becoming increasingly reliant on the successful transfer of digital files carrying critical information. As a result, they need secure, trustworthy, and quick transmissions to keep the real-time business process going properly. As a result, the need for efficient and effective file transfer has increased in recent years.

As per the revised report by Future Market Insights (FMI), the global managed file transfer (MFT) market is expected to expand at a steady CAGR of around 10.0% over the forecast period (2021-2031). The BFSI segment will emerge as a key end-user as it continues exhibiting high demand for cost-effect technologies for file transfer.

Key Takeaways from Market Study

• Rising demand for seamless file transfer between or within organizations will enable growth in the managed file transfer market at a 10% CAGR between 2021 and 2031
• The market in the U.S. is projected to expand at a CAGR of 8.2% through 2031, emerging dominant in North America
• Germany will emerge as a key market for MFT, accounting for over one-fourth of demand registered in Europe
• China and Japan will emerge as key markets within East Asia. While China is expected to account for a higher share, Japan will exhibit growth at a higher pace
• Rapid digitization will enable double-digit growth in India, pushing the expansion of the market in South Asia​

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Impact of COVID-19 on Managed File Transfer Market

The COVID-19 epidemic has wreaked havoc on a number of businesses, including controlled file transmission. Many business and government organisations have made the switch to remote working, resulting in an increase in demand for controlled file transfer solutions.

The managed file transfer industry is expected to rise by 1.6X from 2019 to 2020, with a spike in demand due to the COVID-19 epidemic and the shift to a remote workforce. The change to remote working has resulted in a surge in demand for secure managed file transfer (MFT), managed file transfer cloud services, and remote management of secure file transfers for critical projects.

Automation in Enterprise Workflow Management Driving Market

Enterprises across various industry verticals are increasingly focusing on deploying managed file transfer software for creating automating enterprise workflow management. The application of managed file transfer solutions includes the generation of event-driven automation for performing specified tasks, which are generated on the enterprise domain, users, group level, or server level.

Enterprises are also using managed file transfer for automating different tasks such as assigning the expiration dates to files, scheduling file transfers, and other functions for deleting files, transferring and storing files, initiating event-driven actions, and sending notifications based on defined activities.

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Market Segmentation by Category

Solution

• Software
  • System-centric File Transfer
  • People-centric File Transfer
  • Extreme File Transfer
• Services
  • Implementation & Integration
  • Consulting
  • Support & Maintenance

Industry

• BFSI
•  Media & Entertainment
•  Retail
•  Manufacturing
•  Telecommunication
•  Others

Region

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

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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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According to the Future Market Insights (FMI), the global photonic sensors & detectors market is expected to grow from US$ 38.0 Bn in 2022 to US$ 83.5 Bn by 2032, with overall sales rising at a healthy CAGR of around 8.2% throughout the forecast period (2022-2032).

Rising penetration of 4.0 industrial revolution and increasing application in healthcare, defence & security, factory automation, oil & gas, and consumer electronics are some of the key factors driving demand for photonic sensors & detectors in the market.

Several technologies or technology-enabled environments like fiber optics and many others are helping to drive the fourth industrial revolution. As more businesses continue their journey toward digitalization, photonics is playing a crucial role in every sector, improving performance and holding huge potential.

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When it comes to sensors for robotics and automation as well as instruments for the production processes, lasers and optics are playing a crucial role. They help businesses to increase agility and productivity, improve customer experience, and reduce costs.

Key Takeaways: Photonic Sensors and Detectors Market

• By product type, the photonic detectors segment is expected to grow at the highest CAGR of around 4% between 2022 & 2032.
• By application, the healthcare & medical segment is projected to grow at the fastest CAGR of around 1% during the forecast period.
• North America held around 4% share of the global photonic sensors and detectors market in 2021.
• The East Asia photonic sensors and detectors market is estimated to grow at a CAGR of around 6% over the forecast period.
• The U.S. accounted for around 2% share of the North American photonic sensors & detectors market in 2021.
• The overall photonic sensors & detectors market in South Korea is likely to expand at 2% CAGR during the forecast period.

“Growing focus on automation across multiple industries, increasing smart infrastructure development, and rising investments in the development of fiber optic communications are some of the key factors driving the growth of the photonic sensors and detectors market,” says FMI analyst.

Growing Demand for Fiber Optic Sensors to Generate Significant Revenues in the Market

Fiber optic sensors are used to sense some quantities like pressure, temperature, displacements, vibrations, rotations, or concentration of chemical species. Fibers have many uses in remote sensing because at remote locations they require no electrical power and they are small in size.

They perform in sensitive situations such as noise, high temperatures, high vibration, and humid and unstable environments. The sensors are easy to integrate into small areas and can be placed accurately wherever flexible fibers are required. A device like an optical time-domain reflectometer is used to determine the time delay of fiber optic sensors. Due to such factors, the demand for fiber optic sensors is expected to increase in the global market during the forecast period.

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Who is Winning?

Market players operating in photonic sensors and sensors market include Honeywell International Inc., Banner Engineering Corp, Mitsubishi Electric Corporation, Baumer Holding AG, BaySpec, Inc., Fiberoptic Systems, Inc., St. Jude Medical, Inc., Omron Corporation, LAP Laser, LLC, FISO Technologies Inc., Ibsen Photonics A/S, Prime Photonics, Smart Fibres Ltd, Hamamatsu Photonics, and Fujifilm Holdings Corporation, among others.

These leading players are concentrating on introducing new and advanced photonic sensors and detectors to expand their customer base and gain a competitive edge in the market. Besides this, they are adopting strategies such as partnerships, collaborations, acquisitions, mergers, and strengthening of distribution channels to expand their global footprint.

More Valuable Insights on Photonic Sensors and Detectors Market (segment-wise)

Future Market Insight’s report on the Photonic Sensors and Detectors industry research is segmented into three major sections – by product type (photonic sensors (fiber optic sensors, biophotonic sensors, image sensors and others), photonic detectors (photodiodes, phototransistors, single-photon counting modules and others)), by application (healthcare & medical, defense & security, industrial & factory automation, oil & gas, environmental research & development, consumer electronics, and others), and by region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the photonic sensors and detectors demand outlook.

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Global Photonic Sensors & Detectors Market Outlook by Category

By Product:

• Photonic Sensors
  • Fiber Optic Sensors
  • Biophotonic Sensors
  • Image Sensors
  • Others
• Photonic Detectors
  • Photodiodes
  • Phototransistors
  • Single-Photon Counting Modules
  • Others

By Application:

• Healthcare & Medical
• Defense & Security
• Industrial & Factory Automation
• Chemicals & Petrochemicals
• Oil & Gas
• Environmental Research & Development
• Consumer Electronics
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• The Middle East and Africa (MEA)

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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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Future Market Insights (FMI), an ESOMAR-certified consulting firm, forecasts that the global dual-clutch transmission market will expand steadily at a 6% CAGR between 2021-2031. This market is expected to be valued at $24 billion in 2021.

The surge in demand for passenger cars that provide effective driving control and fuel economy is driving sales in the global dual-clutch transmission market. Increasing adoption of hybrid vehicles will further increase market sales, expanding the market size to  7.2%.

The growing preference for small and medium-sized passenger cars will drive sales in the market. The integration of dual-clutch transmission systems in small vehicles has received more and more attention in recent years, resulting in a growth rate of 6.3% year-over-year in the DCT market in 2020-2021.

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The rapid expansion of the automotive industry along with increasing research and development for product innovation in countries such as the UK, USA and Germany is boosting the market growth.

Strict emission standards and growing consumer preference for compact passenger cars that provide an optimal driving experience are driving growth in developing countries such as China, India, South Korea and Brazil.

In addition, technological advances in dual-clutch transmission systems integrated into hybrid vehicles will further drive market sales.

 Highlights of FMI’s Dual Clutch Transmission Market Research

• Passenger cars will dominate this sector over the next decade.
• Dry clutches will emerge as the most preferred product type.
• China will emerge as the most lucrative market due to growing demand for passenger cars.
• Germany will witness steady growth, driven by increased research and development on the development of dual clutch transmissions in Germany.
• India will see high demand due to growing customer preference for hybrid small and medium-sized passenger cars.
• The United States is expected to witness steady growth in the market as product innovations increase in the dual clutch transmission market.

Competitive landscape

Key players operating in the market profiled by FMI include ZF Friedrichshafen AG, Getrag, BorgWarner Inc., Eaton, GKN Driveline and Continental.

Prominent players are adopting various lucrative strategies to gain a competitive edge in the highly dynamic Dual Clutch Transmission market. Notable strategies include product development, collaboration, acquisitions, expansion and adoption of green and sustainable manufacturing processes for optimal growth. For example:

• In October 2020, BorgWarner confirmed the acquisition of electronics specialist Delphi Technologies to strengthen its product portfolio and support continuous product innovation.
• In June 2021, ZF Friedrichshafen AG announced plans to make India a global hub for manufacturing and development of auto parts. German manufacturers are focusing on research and development related to materials sourcing, digital innovation and automobile manufacturing.

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Additional Insights on Dual Clutch Transmission Market

In its latest report, FMI provides an unbiased analysis of the global Dual Clutch Transmission market by providing historical data for the period 2016-2020 and forecast statistics for the period 2021-2031. To understand the global market potential, growth and scope, the market is segmented into 7 major regions (North America, Central & South America, Eastern Europe, Asia Pacific excluding Japan, Western Europe) based on vehicle type (passenger and commercial), product type (dry and wet clutch). , Japan, Middle East and Africa).

Dual Clutch Transmission Market by Category

By vehicle type:

• car
• commercial vehicle

By product type:

• dry clutch
• wet clutch

By region:

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

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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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The global workstation market is expected to reach a value of US$ 100,033.7 Mn in 2029, with sales growing at a stellar CAGR of 9.2% from 2022 to 2029. Climbing up from a value of US$ 50,107.4 Mn in 2021, the target market will likely reach an estimated US$ 53,984.2 Mn in 2022. A surge in the adoption of rack workstations, desktop workstations, and mobile workstations across diverse applications like digital content creation, advanced data modeling, industrial designing, and 3D modeling among others will propel the workstation market during the forecast period.

Escalating demand for 3D animation, networking & graphics processing, and digital content creation, coupled with advantages like low energy consumption and a decrease in hardware-related spending will likely spearhead the demand for the workstation market during 2022-2029. In addition, the rising popularity of mobile workstations further supplements the target market growth. At present, mobile workstations are open to consumers with processors ranging from Core i3 to Xeon.

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The computing capacity earlier available only in a tower workstation is now also provided in a mobile workstation, which permits users to work at the job site due to its mobility. Thus, the mobile workstation segment is expanding swiftly within the workstation market and contributing to the overall growth of the workstation market.

Owing to a surge in the understanding of the high-end use of digital photos & videos among clients, the media industry, too, is nowadays making use of simple 2D & 3D image editing, web creation, and low-end video editing to feature-film special effects creation and editing. This is expected to boost the adoption rate of workstations, due to the rising demand for digital software for high-processing platforms. All of these considerations foster an environment of growth for the target market during the forecast period.

“Workstation-related benefits like low energy consumption and decline in spending on hardware will likely fuel the global growth of the workstation market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• The workstation market in India will register a CAGR of 14.1%.
• The U.S. workstation market will expand at 7.8% CAGR during 2022-2029.
• The desktop workstation segment will record a CAGR of 7.9% during the assessment period.
• By application, the industrial designing segment will grow at a CAGR of 8.2%.
• On the basis of industry, the healthcare segment will expand at a CAGR of 12.0% during 2022-2029.

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Competitive Landscape 

Fujitsu Limited, Microsoft Corporation, NVIDIA Corporation, Intel Corporation, Dell EMC, Red Hat, Inc., Hewlett Packard Enterprise, HP Inc., Secunet AG, Citrix Systems, Inc., Lenovo Group Limited, Cisco Systems, Inc., Super Micro Computer, Inc., and VMware, Inc., among others are some of the major players in the workstation market profiled in the full version of the report.

Leading market players are focusing on product innovation and development to increase their product portfolio. Some of the other businesses in this field are employing strategies like collaborations and partnerships to expand their consumer base.

More Insights into Workstation Market Report

In its latest report, FMI offers an unbiased analysis of the global workstation market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2029. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (rack workstation, desktop workstation, tower workstation, mobile workstation), operating system (Windows workstation, Linux workstation, Unix workstation), core (6 cores, 8 cores, 12 cores, 18 cores, 28 cores, 32 cores, 56 cores, others), enterprise size (SMEs, large enterprises), application (digital content creation, advanced data modeling, industrial designing, 3D modeling, others), industry (healthcare, education, BFSI, manufacturing, media and entertainment, engineering and design, others), and region.

According to the latest FMI reports, based on segmentation, the desktop workstation segment will register higher demand than the other and grow 1.6 times its current size by the end of 2029. On the basis of application, the industrial designing segment will make major contributions to the overall market growth as there is a heightened demand for high-processing platforms. This segment will grow at a CAGR of 8.2%. On the basis of industry, the engineering and design segment will grow 1.7 times its current value by 2029.

Based on region, the workstation market in Japan will present impressive growth during 2022-2029. The target market in Japan will generate a revenue opportunity of US$ 972.9 Mn during this period of observation. This growth can be attributed to the presence of a few key market players and the development of smart infrastructure for enhanced technologies. Apart from Japan, the U.S. and India, too, will demonstrate notable market growth during the forecast period

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Workstation Market Outlook by Category

By Type:

• Rack Workstation
• Desktop Workstation
• Mobile Workstation
• Tower Workstation

By Operating System:

• Windows Workstation
• Linux Workstation
• Unix Workstation

By Core:

• 6 Cores
• 8 Cores
• 12 Cores
• 18 Cores
• 28 Cores
• 32 Cores
• 56 Cores
• Others

By Enterprise Size:

• SMEs
• Large Enterprises

By Application:

• Digital Content Creation
• Advanced Data Modelling
• Industrial Designing
• 3D Modelling
• Others

By Industry:

• Healthcare
• Education
• BFSI
• Manufacturing
• Media and Entertainment
• Engineering & Design
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and 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 7-years.

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As per the revised market research by Future Market Insights (FMI), the global mass notification systems market reached a valuation of around US$ 7.6 Bn in 2020, and is anticipated to surge at a CAGR of 18.5% over the next ten years.

The proliferation of smartphones and the accessibility of the Internet across the globe have improved the mass notification systems, catapulting it as an incredibly powerful, efficient and flexible business tool.

With the help of smartphones and Internet, it is now possible to communicate with any number of people, irrespective of their location. According to the report, factors such as increasing adoption of wireless emergency alert system and proliferation of smartphones across the globe are projected to drive growth of the mass notification systems market.

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Key Takeaways from Market Study

• The South Asia & Pacific market is expected to offer lucrative growth opportunities due to growing industrialization and increasing frequency and natural disasters in the region.
• Growing trend of cost-effective mass notification systems along with technological advancements are creating growth opportunities for component manufacturer and providers.
• The market in the U.S. is projected to expand at a CAGR of 13.2% through 2031.
• Germany will emerge as a highly lucrative market for sales. Demand in Germany has been forecast to rise at around 16.0% CAGR through 2031.
• Market growth in China, Japan, and India is expected to be much higher, at around 19.7%, 23.9%, and 29.9%, respectively. Applications of Intelligent Transportation System (ITS) technologies are highly encouraged in emerging smart cities to handle the current challenges of the continuous growth in the number of vehicles that ply the highways in urban center.

Impact of COVID-19 on Mass Notification Systems Market

The COVID-19 pandemic outbreak has disrupted many industries, including the mass notification systems market. Mass notification systems are installed to alert people about prospective exposure, without triggering panic.

The demand for mass notification systems solutions and devices such as in-building mass notification systems, wide-area mass notification systems, distributed recipient mass notification systems and IP-based notification devices however increased during the lockdown resulted by COVID-19 outbreak. This created opportunities for the market growth.

Mass notification systems market is expected to grow by 2.0X from 2020-2021 and would see a surge in demand amid the COVID-19 outbreak, as IP-based notification devices among various businesses, becomes the new norm.

These initiatives start with city Wi-Fi and public connectivity, which plays an important role in ensuring law enforcement devices such as cameras and police observation devices, gunshot detection to collect and transmit the necessary data at the time of emergency situations. This is a significant factor responsible for driving growth of mass notification systems market.

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Emergence of Connected Safety Solutions Driving Market Growth

A crisis is the worst situation to draft messages for various audiences, doing phone calls, social media posting and other activities, especially when risks is on rise with every passing second. Mass notification systems not only reduce the staff workload but help resolve and recover from any incident quickly, with as little damage as possible.

Connected safety solutions uses IoT-connected sensors to increase the ability to gather data and make informed decisions.

It helps prepare better and quicker response to peoples in crisis situations. Emergence of IoT helps in boosting the reach, speed, and cost-effectiveness of mass notification systems. IoT enables to automate manual processes in an intelligent way, so the output is always relevant to the situation and to the person receiving the notification.

More Valuable Insights on Mass notification systems Market

A new market research report published by Future Market Insights (FMI) on the global mass notification systems market includes global industry analysis for 2016–2020 and opportunity assessment for 2021–2031.

The report provides valuable insights on the basis of component (hardware (fire alarms,   public address systems,   alert beacons, duress systems, others) emergency notification platform, services (installation & deployment, support & maintenance, warning system designing, emergency response services)), solution (in-building mass notification systems,   wide-area mass notification systems, distributed recipient mass notification systems), application (emergency & crisis notification, business continuity and disaster recovery, business communication & operations, and others), end-use industry (military & defense, government & public sector, industrial, commercial, event & sports venues, critical infrastructures, and others), and across six major regions.

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Mass Notification Systems Industry Survey by Category

By Component:

• Mass Notification Systems Hardware
  • Fire Alarms
  •  Public Address Systems
  •  Alert Beacons
  •  Duress Systems
  •  Others

• Emergency Notification Platform
• Mass Notification Systems Services
  • Installation & Deployment
  •  Support & Maintenance
  •  Warning System Designing
  •  Emergency Response Services

By Solution:

• In-Building Mass Notification Systems
• Wide-Area Mass Notification Systems
• Distributed Recipient Mass Notification Systems

By Application:

• Emergency & Crisis Notification
• Business Continuity and Disaster Recovery
• Business Communication & Operations
• Others

By Industry:

• Military & Defense
• Government & Public Sector
• Industrial
• Commercial
• Event & Sports Venues
• Critical Infrastructures
• 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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The Optical Encoder Market revenue totalled ~US$ 2,333.4 Mn in 2021 and is projected to reach ~US$ 4,851.9 Mn by 2029, growing at a CAGR of 9.7% for 2022 – 2029. Increasing implementation of advanced absolute optical encoders by manufacturers of surface mount technology (SMT) placement equipment will also remain a major booster to market growth through 2029.

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Key Takeaways – Optical Encoder Market Study

• Players in the automation sector are switching from incremental optical encoders to absolute optical encoders that are well suited for high-precision instrument, as they produce parallel digit outputs.
• Shafted optical encoder is estimated to continue to hold a leading market share, based on configuration, during the forecast period.
• Healthcare equipment currently account for over a fourth of total demand. It will remain a significantly lucrative application area for optical encoder manufacturers and is most likely to overtake the consumer electronics industry in terms of market value share, in the latter half of projection period.
• Asia Pacific excluding Japan (APEJ) is witnessing a high growth rate in optical encoder market as manufacturers of automotive, consumer electronic, and industry automation are adopting optical encoders to improve product quality

Commercialization of Quantum Dots to Create Lucrative Opportunity

Requirement for high performance optical encoders is expected to increase, owing to commercialization of quantum dots (QDs). These QoDs are used in a variety of thin film devices such as photo detectors, solar cells and LEDs. In flat panel display (FPD) applications, QDs offer improved efficiency, display life, power consumption, brightness and color saturation, along with reduced cost.

Experts at FMI expects manufacturers to shift from liquid crystal display (LCD) towards the development of QD-enabled devices such as cost-effective thin film transistor (TFT) products in the foreseeable future.

Improvement in performance will be crucial to meet demand for motion control in these QD devices. Advanced optical encoders are expected to emerge as the best solutions for servo feedback in applications that require highest precision, in turn creating potential business opportunities for manufacturers in the optical encoders market.

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Competitive Landscape

Many key players are inclined at investing heavily in innovation, research, and development practices to uncover increased applications of optical encoder. With the use of technology, vendors are also focusing on strategic partnerships and collaborations, new product developments and business expansion to capture huge customer base.

• Honeywell International
• Rockwell International
• Renishaw PLC
• Allied Motion Technologies
• Sensata Technologies
• US Digital

Optical Encoder Market Outlook by Category

By Configuration :

• Shafted Optical Encoder
• Hollow-Shaft Optical Encoder
• Absolute Optical Encoder
• Multi-turn Optical Encoder
• Incremental Optical Encoder

By Output Signal Format :

• Analog Optical Encoder
• Digital Optical Encoder

By Application :

• Healthcare Equipment
• Consumer Electronics and Semiconductor Manufacturing Equipment
• Robotics Equipment
• Test & Measurement Equipment
• Others

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By Region :

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East & 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 7-years.

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According to the report, the global terephthalic aldehyde market is expected to witness -3.8% CAGR from 2018 to 2028. While the market currently values worth US$ 16,129,832.3, it has been projected to go down and reach US$ 4,342,866.7 by the end of 2028.

The leading companies functioning in the global terephthalic aldehyde market are Haihang Industry Co., Ltd., Wuhai Xinye Chemical Co., Ltd., Dalian Richfortune Chemicals Co. Ltd., Alfa Aesar, Hebei Xingyu Chemical Co., Ltd., and Tokyo Chemical Industry Co., Ltd.

Future Market Insights (FMI) has published a new report on terephthalic aldehyde, which has been titled, “Terephthalic Aldehyde Market: Global Industry Analysis 2013-2016 and Opportunity Assessment 2018-2028.”  According to the report, the global market for terephtahlic aldehyde is on the verge of downfall owing to the amount waste water being generated from the production of only one tonne of terephthalic aldehyde.

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It has been considered uneconomical by a handful of players in the market owing to its expensive nature as well as lack of proper infrastructure in order to treat colossal amount of waste water. Moreover, owing to the government regulations across the globe, the production of terephthalic aldehyde has been halted by a majority of key companies in the global marketplace.

The world is observing an insufficient supply of terephthalic aldehyde, principally caused by the enforcement of ‘Environmental Protection Tax Law’ in 2016 in China. The policy required producers to install proper waste management facilities and levied heavy punishments and penalties on the companies, waning to comply with the mandated regulatory standards.

These regulations interrupted the production facilities of terephthalic aldehyde, resulting in to abridged productivity, creating a huge variation between demand and supply. This has led to high vulnerability in the global market, leaving the end users obligated to look for other alternate materials or production technology in order to meet the industry demand.

The scope of application and use of terephthalic aldehyde has expanded over the years to various end-use industries. It is mainly used for the production of optical brighteners and photo-polymers. It is also an important intermediate in the synthesis of medicines, dyes and perfumes.

Though terephthalic aldehyde is a small volume product, it is projected to profit from macroeconomic industrial growth, predominantly in end-use sectors where it finds its niche applications. The macroeconomic factors are projected to underpin end-user industries, such as textile, personal care, paper and pulp, and pharmaceutical, which in turn would create the demand for terephthalic aldehyde.

Further, the uniqueness of terephthalic aldehyde in niche applications proves to be a vantage point. As per various industrial sources, the dearth of the alternatives in optical brightener application is the main factor driving its demand globally.

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Use in Other Applications along with Optical Brightener to Open Future Prospects

The scope of application and use of terephthalic aldehyde has expanded over the years to various end-use industries. It is mainly used for the production of optical brighteners and photo-polymers. It is also an important intermediate in the synthesis of medicines, dyes and perfumes.

Though terephthalic aldehyde is a small volume product, it is projected to profit from macroeconomic industrial growth, predominantly in end-use sectors where it finds its niche applications. The macroeconomic factors are projected to underpin end-user industries, such as textile, personal care, paper and pulp, and pharmaceutical, which in turn would create the demand for terephthalic aldehyde.

Further, the uniqueness of terephthalic aldehyde in niche applications proves to be a vantage point. As per various industrial sources, the dearth of the alternatives in optical brightener application is the main factor driving its demand globally.

Market Taxonomy

The global terephthalic aldehyde market has been segmented into:

By Application

• Optical Brightener
• Polymers
• Pharmaceutical Intermediates
• Others

By Grade

• Pharma/Super Grade
• Technical Grade

Economically, terephthalic aldehyde is mainly manufactured by the chlorination and subsequent hydrolysis of p-xylene; the production process involves highly toxic chlorine gas for chlorination and requires a large volume of nitric acid during the oxidation process.

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Frequently Asked Questions

• How is the Terephthalic Aldehyde Market Growing?
• Which Region Holds the Highest Revenue Potential in the Terephthalic Aldehyde Market?
• What is the Future Scope of Growth for the Terephthalic Aldehyde Market?
• What is the Current Terephthalic Aldehyde Market Size?

About FMI

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

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Expected to reach the value of US$ 450 Mn by the end of forecast period (2022 – 2029), global pharmaceutical grade sodium chloride market will witness a strong CAGR. A new Future Market Insights (FMI) report analyzes that over the recent years there, has been a significant increase in demand for pharmaceutical grade sodium chloride owing to its application in the treatment of chronic kidney disease (CKD).

Hemodialysis is one of the applications, which significantly contributes to increasing demand for pharmaceutical grade sodium chloride. Multiple pharmaceutical applications such as saline drips, contact lenses solutions, and ORS solutions seek pharmaceutical grade sodium chloride as an important raw material for vital medical solutions such as aqueous isotonic injection of dextrose, solution for surgical recovery, and intravenous therapy solution.

Low-income countries, majorly from the Middle East & Africa, are dependent on organizations such as WHO and UNICEF for supplements. To strengthen supply to these economies, UNICEF has openly extended support to governments to scale-up their ORS circulation by promoting quality co-packaged ORS and ensuring a secure and functioning program.

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Key Takeaways – Pharmaceutical Grade Sodium Chloride Market Study

• In the medical sector, pharmaceutical grade sodium chloride consumption is dictated as per authoritative organizations, resulting in a number of manufacturers obtaining Good Manufacturing Practice (GMP), FDA and other certifications to adhere by the guidelines of safe manufacturing as well as utilizations.
• Applications of pharmaceutical grade sodium chloride continue to diversify in treating array of diseases such as gastrointestinal disorders, diabetes, and cancer of blood and kidney has been registered over the past decade, resulting in a nearly 40% increase in demand for pharmaceutical grade sodium chloride-containing medical solutions over the period of 2009-2019.
• Developed countries such as the U.K., the U.S., Germany, China, and others have been self-reliant on manufacturing medicines and solutions to treat chronic kidney diseases (CKD).

Who is Winning Competition?

The market is heading towards consolidation as key manufacturers are opting for inorganic techniques; however, multiple potential manufacturers are coming up as response to increased demand in recent years. To establish presence globally, new players have to be leaders in the local market first.

Some key participants mentioned in the pharmaceutical grade sodium chloride market report are K+S Group, Akzo Nobel N.V., Dominion Salt Ltd, Morton Salt LLC, and Tianjin Changlu Haijing Group Co., Ltd., among others

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Key players are constantly enhancing their manufacturing capabilities by expanding and enhancing existing processing facilities and products, along with investments in the research & development sector to expand their product portfolio and acquire relatively smaller players and increase production capacities.

Furthermore, players in emerging markets are focusing on rapid business expansions and increasing value-additions in their product offerings.

Pharmaceutical Grade Sodium Chloride Market By Category

By Type:

• API-NaCl
• HD-NaCl

By Application:

• Injections
• Hemodialysis
• Oral Rehydration Salts
• Osmotic Agents
• Others

A Sneak Peek into the Future Outlook of Market

There has been a significant growth in investments towards R&D in the Asia Pacific region from tier-2 and tier-3 players. The market is expected to remain highly consolidated and is expected to open new opportunities in the future.

Moreover, the growth of end users such as pharmaceutical, healthcare, and tablet & film coatings, among others is also expected to create favorable conditions for the growth of the global pharmaceutical grade sodium chloride market.

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Frequently Asked Questions

• What is the current size of the global market of Pharmaceutical Grade Sodium Chloride?
• What is the consumption outlook in the Market of Pharmaceutical Grade Sodium Chloride?
• Which end use segment is expected to contribute major growth share to the Pharmaceutical Grade Sodium Chloride Market in 2022?
• Who are the top players in the Pharmaceutical Grade Sodium Chloride market and what is their total share?
• What is the market outlook of Pharmaceutical Grade Sodium Chloride in China?

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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