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The global cable testing market is anticipated to be worth $12.6 billion in 2022 and $15.8 billion by 2032. It is expected to expand at a fantastic CAGR of 6.4% during the projection period of 2022 to 2032. Rising electricity demand and increased urbanisation are expected to enhance sales of cable testing devices in the future years.

Changing the entire cable is a costly process. Crushing, kinking, and bending faults in cables are not usually obvious. As a result, cable testing systems are in high demand.

Cable testing ensures cable conformance, quality, and performance. It frequently assists in finding the actual problem before it causes any downtime. Moisture on the cable, corrosion on the copper, and cracks in the insulation are all indications of a damaged cable.

Because cable defects necessitate large quantities of money to fix, the demand for cable testing is likely to increase to ensure that the joints are in good condition. The easy availability of a diverse variety of novel cable testing equipment is expected to drive the market.

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Which are Some Prominent Drivers Spearheading Cable Testing Market Growth?

The demand for cable testing is set to grow at a rapid pace in future years owing to improper system deployment, expansion of the electronics industry, poor performance of new network systems, and increasing usage of cables in emerging economies. The urgent need for innovative cable testing equipment in aerospace, railway, roadways, energy, marine, and automotive sectors is another vital factor that is set to bode well for the global market.

In addition to that, the ongoing technological advancement in the electronics industry and the rising production of renewable energy are projected to augment the growth in this market. The booming IT sector is another factor that is anticipated to drive the market.

What are the Challenges Faced by the Cable Testing Industry?

Sometimes, conducting a few cable tests can cause harmful effects, which may hamper the sales of cable testing equipment. High testing and certification lead time is also set to hinder the growth in this market. The lack of awareness and skilled workers, especially in emerging economies are some of the other factors that can obstruct the growth.

Why is Asia Pacific Emerging as an Opportunistic Cable Testing Market?

The surging demand for high voltage cables in a wide range of industries, such as energy, offshore wind farms, and transmission and distribution utilities is expected to bolster the Asia Pacific cable testing market share in the forthcoming years. The increasing demand for consumer electronics in China and India, as well as the presence of a large number of electronics manufacturers in these countries would augur well for the regional market.

As per the India Brand Equity Foundation (IBEF), by 2025, the Indian electronics manufacturing industry is set to reach US$ 520 billion. Exports of electronic goods stood at US$ 1.17 billion and US$ 1.35 billion in September and October 2021, respectively. These numbers are projected to surge at a fast pace, thereby boosting the Asia Pacific market.

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How is North America Contributing to Growth of the Cable Testing Market?

The presence of various reputed manufacturers and the increasing power crises in the U.S. and Canada are estimated to accelerate the North America cable testing market growth in the assessment period. The rising usage of cables in the automotive and construction industries across North America is another significant factor that is projected to bode well for the market.

Many people in this region are preferring cable testing as it is relatively low cost, as compared to changing the cabling. The increasing electricity generation in the U.S. is set to propel the growth. As per the U.S. Energy Information Administration (EIA), the total net electricity generation was 378,967 thousand/MWh in January 2022. This trend is likely to continue in future, thereby driving the market in North America.

Market Competition

Some of the renowned companies present in the global cable testing market are Building Research Establishment Ltd., Kinectrics, Eland Cables, Bureau Veritas, Eurofins Scientific, SGS SA, TÜV NORD GROUP, British Approvals Service for Cables, RN Electronics Ltd., DNV GL AS, Applus+, UL LLC, North Central Electric, Intertek Group plc, CPRI India, DEKRA, Japan Electric Cable Technology Center, CESI S.p.A., Industrial Tests, Inc., TÜV Rheinland, ALS Limited, and TÜV SÜD among others.

Leading players are aiming to invest huge sums in research and development activities to introduce state-of-the-art products. A few other key players are collaborating with domestic and international companies to co-develop new products and expand their geographic presence. Meanwhile, a handful of companies are increasingly focusing on acquisitions and contract signing to provide their in-house products to reputed players across the globe.

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Key Segments Profiled in the Cable Testing Industry Survey

By Voltage:

• High Voltage
• Low Voltage
• Medium Voltage

By Test:

• Type
• Sample
• Routine

By End User:

• Utility Providers
• Cable Manufacturers

By Region:

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

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The global hydrogen electrolyzer market is expected to grow at a CAGR of 24.2% over the forecast period of 2022-2032. The market valuation is set to reach US$ 3.7 Bn by the end of 2032. Rising demand for hydrogen gas across various end-use sectors is estimated to drive growth in the hydrogen electrolyzer market during the forthcoming years.

The development of new technologies that will reduce the operational costs of hydrogen electrolyzers is anticipated to stimulate the market. As the negative effects of carbon emissions become more widely known, there will also be new opportunities for market expansion.

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Demand for hydrogen electrolyzers will rise in the upcoming decade due to an increase in on-site hydrogen production and the use of renewable energy sources. Additionally, it’s expected that growing demand for carbon-free steel in a number of industries, including the automotive sector, will create new growth opportunities for the steel manufacturing sector.

Increasing initiatives taken by several automotive manufacturers to reduce carbon emission from vehicles is another vital factor that would propel sales of hydrogen electrolyzers in future. Surging development of green energy worldwide is also expected to drive the market.

Key Takeaways: Hydrogen Electrolyzer Market

• By product type, sales of PEM electrolyzers are expected to grow at a CAGR of 2% during the forecast period.
• By outlet pressure, the low (<= 10 bar) segment is anticipated to dominate the market and is expected to account for about 2/3^rd of the share.
• By end use, the transportation segment is projected to lead the hydrogen electrolyzer market and create an absolute $ opportunity worth US$ 5 Mn in 2032.
• In terms of region, the Europe hydrogen electrolyzers market is estimated to exhibit a CAGR of 1%.

“Increasing demand for hydrogen fuel due to rising investments in novel programs for reducing carbon emissions globally is set to create new growth opportunities for companies in the hydrogen electrolyzers market,” says a FMI analyst.

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Competitive Landscape: Hydrogen Electrolyzer Market

Some of the key players present in the global hydrogen electrolyzer market include Siemens AG, Nel Hydrogen, McPhy Energy, ITM Power Plc, Tianjin Mainland Hydrogen Equipment Co. Ltd, Gaztransport & Technigaz, Giner Inc., GreenHydrogen Systems, iGas Energy GmbH, Beijing CEI Technology Co., Ltd., Next Hydrogen, Air Liquide, Ballard Power Systems, Enapter , Plug Power Inc., Bloom Energy, Pure Energy Centre, Shandong Saikesaisi Hydrogen Energy Co., Ltd., Idroenergy, Erredue SpA, and SwissHydrogen SA among others.

Manufacturers are strategically collaborating with technology companies for co-developing new products and gaining a competitive edge. A few others are looking forward to helping the oil and gas industry by providing technologically advanced products.

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Up from the revenues worth US$61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favour the growth of market over coming years.

The refrigerated display cases (RDC) market has been registering high growth since the last few years. This growth is projected to continue over the coming years due to increasing demand from the food retail sector. The increasing population and rapid urbanization in emerging economies from will create significant opportunities for growth in the next few years.

Japan is expected to emerge as the leading market for refrigerated display cabinets in East Asia by the end of this forecast period in 2032. Besides the expansion of the food and retail sectors, the presence of some of the leading manufacturers is expected to bode well for the market. The Food Export Org has identified Japan as the third largest market for packaged food, following the U.S. and China. With the country’s food service sector forecast to exhibit consistent growth, Japan is anticipated to remain a lucrative pocket for the sales of refrigerated and Hussmann display cases.

Refrigerated display cases mostly used in retail stores and food & refreshment industry, for example, general stores/hypermarkets, supermarkets, eateries and hotels and non-routine outlets. RDCs help to attract customers through an attractive visual display of food and drink products.

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With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of refrigerated display cases the market remains positive. According to the report, the retail food and beverages sector will continue accounting for over 70% of sales of refrigerated display cases through the forecast period.

Introduction of high performance and connected refrigerated display cases with real time cloud access and maintenance will create lucrative growth opportunities. In the coming years, the market also will gain from the launch of low GWP refrigerants aimed at lowering environmental challenges.

Refrigerated display case market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities. Collaboration, mergers and acquisition with regional companies will remain key strategies adopted by market players as they aim at expanding their footprint in regional market.

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Key Takeaways

• Expansion of the supermarkets and hypermarkets will remain a chief growth driver, enabling the market rise at 5.5% CAGR between 2021 and 2031
• Rising demand for ready-to-eat food is fuelling refrigerated display cases sales across supermarkets and hypermarkets in the U.S. The country is expected to account for over 70% of the North America market
• Expansion of the food service sector will enable growth in Germany and France
• The U.K. will emerge as a strong market, exhibiting 3.8% y-o-y growth in 2021 after a period of decelerating sales in 2020
• While China currently holds dominance, Japan will emerge as the leading market in East Asia backed by rising demand for packaged food

“Recent developments in food service and food retail sectors are creating lucrative prospects for the market. Consumers’ inclination towards add-on features like real time maintenance, remote access, and others is increasing, which is expected to give tailwinds to growth. In order to woo end users, manufacturers are therefore providing competitive price offering and advanced technologies,” says FMI analyst.

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The implementation of stringent government norms and regulation on use of refrigerant for cooling is estimated to create high growth avenues for the refrigerated display case market. The increasing focus on eco-friendly and sustainable refrigerated display cases in developed and developing economies across the globe is creating growth opportunities.

Competitive Landscape

The refrigerated display cases market is fairly competitive, with key players accounting over two third of the overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market share.

The refrigerated display cases market is fairly competitive, with key players accounting over two third of the overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market share. Some of the key players in the market are Carrier Corporation, Frigoglass SAIC, Epta S.p.a. Refrigeration, Dover Corporation, Haier Group, Arneg S.p.A, Illinois Tool Works, Daikin Industries, Ltd., Fagor Industrial, and others.

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Get Valuable Insights into Refrigerated Display Cases Market Report

Future Market Insights, in its new offering, provides an unbiased analysis of the global refrigerated display cases market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The refrigerated display cases market study uncovers convincing bits of knowledge based on type (plug-in, semi plug-in, and remote), design (vertical, horizontal, and hybrid), and end user (food service sector and retail food and beverages sector) across six key regions.

Refrigerated Display Cases Market

Type

• Plug-In Refrigerated Display Cases
• Semi Plug-In Refrigerated Display Cases
• Remote Refrigerated Display Cases

Design

• Vertical Refrigerated Display Cases
• Horizontal Refrigerated Display Cases
• Hybrid Refrigerated Display Cases

By End Use

• Food Service Sector
  • Quick Service Restaurants
  • Bakeries
  • Hotels
  • Others
• Retail Food & Beverage Sector
  • Fuel Station Stores
  • Hypermarkets
  • Supermarkets
  • Discount Stores

By Region

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• 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 market for GaN substrate is projected to reach US$ 5.0143 Billion in 2022 and grow at a CAGR of 9.4% to reach US$ 12.3698 Billion by 2032. The persistent undercurrent of green vehicle agendas is blamed for growth.

Owing to a lot of advantages over all the other traditional substrates, GaN Substrate is one of the most emerging substrates in the industry and holds a high growth potential. High electron mobility, low switching losses, and fewer lattice mismatches are some of the key advantages of the GaN Substrate, which are leading to the world wide adoption of GaN Substrate, mainly in the industries such as optoelectronics and power electronics.

Currently, the GaN Substrate holds authority in LEDs possessing a share of nearly 70% of market revenue, while power electronics products are in an evolving stage. Other applications of GaN Substrate also involve inverters (& converters), RF devices, power supply modules and motor drives which are expected to evolve rapidly in the market.

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GaN Substrate is a semiconductor material, whose advantages are evident in comparison to the other conventional semiconductor materials such as Silicon, Silicon Carbide, Aluminium, Sapphire, and others. The GaN material is a thin film which is grown on other materials like Sapphire, Silicon, and Silicon Carbide. Out of which, the GaN on sapphire currently holds for most of the share, but SiC is expected to evolve at the fastest rate among others, in the LEDs and Power electronics segment.

Global Market of GaN substrate: Drivers and Restraint 

Wider band gap, high break-down voltage, larger critical electric field, and higher thermal conductivity are some of the key factors leading to a rapid shift of industry manufacturers from silicon technology to GaN substrate. As these properties let the GaN Substrate material to operate at much higher voltages, work at high switching frequencies, and increase their ability to handle higher power density, thereby offering enhanced power efficiency, which are the key requirements of power amplifiers and applications pertaining to optoelectronics, they are the captivating interest in the R&D fields of these industries.

GaN Substrate also exceed the limit of their counterpart Si devices in applications like Schottky diodes, FETs, HEMTs and the other advanced transistors and let them operate efficiently at much higher voltage levels. These are the key factors which result in gaining attraction for GaN Substrate in the market, with the LED applications being the key drivers holding a share of nearly 70% of revenue in the market for the bulk gallium nitride (GaN) market.

As these devices help in reducing the conduction and switching losses and offer higher efficiency in electronic systems, gradually they are entering a new segment of applications, namely power amplifiers. These applications of GaN Substrate are in an evolving stage but are anticipated to show substantial growth in the upcoming years.

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GaN Substrate Market Segmentation on basis of regions 

The GaN substrate market is sub-segmented into 7 key regions- North America, Latin America, East Europe, West Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.

Asia-Pacific region accounts for the maximum share in GaN Substrate Market, with Japan, China and Korea being the major contributors in the terms of production and consumption both. Major factors like less labour and production costs in these countries act as catalyst in helping manufacturers to set up production facilities. Besides that, the dominancy of GaN Substratesuppliers strongly distributed in the region aids in flourishing market.

Owing to increasing demand in UK and Germany, the European GaN Substrate  market follows Asia-pacific and  witnessed a moderate growth while north America, an early adopter of the technology follows Asia-pacific in the market share exhibiting significant growth, trend expected to continue over the forecast period.

Global Market of GaN substrate: Key Players 

Cree Inc., Kyocera Corp., MonoCrystal, Sumco Corp. Sumitomo Electric Industries, 10+ are some of the key players in the GaN substrate market.

Other emerging players in GaN Substrate Market include: Saint Gobain Ltd., Mitsubishi Chemical Corporation, Texas Instruments Incorporated, GaN Systems Inc., and MTI Corporation.

The report covers exhaustive analysis on 

• Global GaN substrate Market Segments
• Global GaN substrate Market Dynamics
• Supply & Demand Value Chain
• Global GaN substrate Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Global GaN substrate Market Drivers and Restraints

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Key Segments Profiled In The Gan Substrate Industry Survey

GaN Substrate Market by Size:

• 2-inch GaN Substrate
• 4-inch GaN Substrate
• 6-inch GaN Substrate
• Higher than 6 Inches GaN Substrate

GaN Substrate Market by Type:

• GaN Substrate on Sapphire
• GaN Substrate on Si
• GaN Substrate on SiC
• GaN Substrate on GaN

GaN Substrate Market by Substrate Production Process Type:

• Hydride Vapor Phase Epitaxy-based (HVPE) GaN Substrate
• Ammonothermal Growth-based GaN Substrate
• Metal-Organic Chemical Vapor Deposition (MOCVD)-based GaN Substrate

GaN Substrate Market by End User:

• GaN Substrate for Healthcare
• GaN Substrate for Automotive
• GaN Substrate for Military and Communication
• GaN Substrate for General Lighting
• GaN Substrate for Consumer Electronics
• GaN Substrate for Power Generation
• GaN Substrate for Telecom

GaN Substrate Market by Region:

• North America GaN Substrate Market
• Latin America GaN Substrate Market
• Europe GaN Substrate Market
• Asia Pacific GaN Substrate Market
• Middle East & Africa GaN Substrate Market

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The global application development and modernization (ADM) market is anticipated to generate revenues of approximately US$ 35,983.0 million by 2032, up from US$ 11,950.0 million in 2022, growing at a quick CAGR of 11.7% during the forecast period.

Traditionally, companies were dependent on application modernization to improve repeated costs reducing from outdated technologies. So, in order to be efficient and effective in the modern era, companies have started adopting platforms for the social and mobile enterprise. To update these platforms and applications, application development and modernization solution with advanced technology is used.

This modernization solution helps in improvising codes used in applications by updating interfaces, restructuring data, and using fully automated refactoring to replace the old technology with the advanced version. This application development and modernization process help in lowering the cost as well as risk while implementing mobile, cloud, analytics, and security capabilities.

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Application development and modernization is an approach that replaces the outdated legacy code with the advanced version without any disruption to the business. Application development and modernization help in maximizing the existing business application’s potential by rationalization and modernization solutions.

Application Development and Modernization (ADM) Market: Market Dynamics 

Optimization of recurring cost in application modernization is a driving factor for application development and modernization (ADM) market.

High cost incurred in maintaining and updating the applications and integration issues are restraining the growth of application development and modernization (ADM) market. Increased business efficiency and replacement with an advanced application are creating opportunities for application development and modernization (ADM) market, throughout the globe.

Global Application Development and Modernization (ADM) Market: Competition Landscape 

Few prominent players in the Application Development and Modernization (ADM) market include Ericsson AB, NTT DATA, Inc., HCL Technologies Limited, Exilant Technologies Private Limited, Interglobe Technologies Private Limited, IBM Corporation, Infosys Limited, Collabera Inc., Terra Technology, LLC and Larsen & Toubro Infotech Limited etc.

Application Development and Modernization (ADM) Market: Regional Outlook 

Application Development and Modernization (ADM) market is dominated by the North America region. North American region is dominant in the Application Development and Modernization (ADM) market due to wide presence of prominent application development and modernization (ADM) vendors who provide advanced technologies. Asia Pacific is an emerging market for application development and modernization (ADM).

Eastern Europe, Latin America, and MEA are expected to foresee growth in the application development and modernization (ADM) market in the near future.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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The report covers exhaust analysis on 

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

Regional analysis includes 

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Segments Profiled in the Application Development and Modernization (ADM) Market Survey

By Service:

• Application Management Service
• Application Maintenance Service
• Application Modernization Service
• Application Development Service
• Quality Assurance Service

By Verticals:

• IT & Telecom
• BFSI
• Healthcare
• Retail
• Manufacturing
• Government
• 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 market for test and measurement sensors worldwide was estimated to be worth US$ 11974.2 Million in 2022. The necessity for minimally invasive procedures, rising prevalence of cardiovascular disorders, and increasing funding from public and private entities for the healthcare sector are responsible for the market expansion. By 2032, the market is expected to have grown at a CAGR of 6.7%, or roughly US$ 22833.4 million.

Precision measurement and rigorous testing of devices and systems has become a must in today’s scenarios where applications such as automobile and precision electronics are targeting granular efficiencies. This has compelled manufacturers to adopt systems that can help them keep a track of various parameters such as Acceleration, Pleasure & Load of a system under operation or testing.

Test & Measurement sensors are an important part of Quality Check and Product Development process for any manufacturer. Test & Measurement sensors deployed at diverse testing environments measure equipment based on set parameters to evaluate their fit to the desired quality standards. Test & Measurement sensors also help manufacturers find defects in their test products and evaluate the feasibility of products as per probable use cases.

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Test & Measurement sensors can also be used measure a product’s response in recreation of scenarios that a product under testing might face during a deployment. Test & Measurement Sensors are thus used heavily in manufacturing of cars where crash testing is extremely important for determining passenger safety.

Test & Measurement Sensors Market: Drivers & Challenges 

Regulatory bodies across the world have started implementing stricter regulations on the quality of products. Manufacturers that either have global presence or are planning to expand their presence across geographies are scrambling to meet the quality standards specified by the respective regulatory bodies. The need to fulfil strict requirements put forward by regulatory bodies is thus driving the need for Test & Measurement sensors globally.

However, with the increase in the need of precision and accuracy, manufacturing technologies have also advanced considerably and the availability of high precision manufacturing processes has resulted in enhancement of the output. The improvement in output quality across industries has thus resulted in reduction of dependency on test & measurement sensors and systems.

Test & Measurement Sensors Market: Regional Overview 

Manufacturing based economies of China & India in Asia Pacific are expected to make major contributions to the Test & Measurement Sensor markets and the region is expected to lead the market in terms of growth.

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Test & Measurement Sensors Market: Competitive Landscape 

Test & Measurement Sensors Market :Key Contracts/Agreement/Acquisitions

In August 2017, Kistler Group, a Test & Measurement Sensor provider acquired Vester Elektronik GmbH, which is an optoelectronic sensors provider.

Test & Measurement Sensors Market : Key Players 

Some prominent players in the Test & Measurement Sensors market are Honeywell International Inc., Kistler Group, Hoskin Scientific, TE Connectivity Corporation, FUTEK Advanced Sensor Technology, Inc, Tekscan, Inc., Spectris PLC, ROHDE&SCHWARZ, PCB Piezotronics, Inc, Hydrotechnik UK Ltd & KEYENCE CORPORATION.

The report covers exhaustive analysis on

Test & Measurement Sensors Market Segments

• Test & Measurement Sensors Market Dynamics
• Historical Actual Market Size, 2012 – 2014
• Test & Measurement Sensors Market Size & Forecast 2015 to 2025
• Supply & Demand Value Chain
• Test & Measurement Sensors Market Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain
• Test & Measurement Sensors Market Drivers and Restraints

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Key Segments Of The Test And Measurement Sensors Market

By Sensor Type:

• Load Measurement Sensors
• Pressure Measurement Sensors
• Torque Measurement Sensors
• Displacement Measurement Sensors
• Accelerometers

By Application:

• Automotive
• Aerospace & Defense
• IT & Telecommunications
• Semiconductor & Electronics
• Healthcare
• Others

By Region:

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

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The market for 3D printed hip and knee implants is anticipated to register a negative CAGR of 6.8% over the course of the forecast period and reach US$ 3.4 billion by 2022. The market is now valued at US$ 6.7 billion in 2032. 3D printing i.e. additive manufacturing involves a layer by layer process to create physical objects out of digital 3D blueprints.

It was mainly used for rapid prototyping in the late 1980’s. However, it has now become a next-generation technology which can produce localised, on-demand final products or even spare parts.

3D printing is possible with a range of thermoplastics,  metal alloys, ceramics & various foodstuffs. It has seen an application in diverse areas like aerospace, retail, supply chain optimisation, & the medical industry. The 3D printed Hip & Knee Implants Market could dramatically improve both the effectiveness of surgery along with reducing the time taken to recover.

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It was pioneered by Dr Susannah Clarke and has already been used in hundreds of hip & knee surgeries across the world. It uses CAT scans to create a 3D blueprint of the damaged hip or knee joint to be replaced. Surgeons can then use this to practice the operation on a computer, deciding beforehand where to make incisions or how to realign the bone. The 3D printed hip & knee implant market will help to make replacement surgery much safer & quicker in the long run.

3D printed Hip & Knee Implants Market Drivers 

An ageing population in developed countries & China are expected to be the biggest driver of the 3D printed hip & knee implant market. Millions of people worldwide have to undergo either hip or knee replacement surgery every year.

It is not people above 60 years but those between ages 45-54 who have shown the largest increase in percentage terms. This is because of improved implant quality and awareness of how they improve mobility and quality of life.

Some of these initial surgeries fail due to contracting infections & patients then have to undergo another surgery to replace the implant. This has a much lower success rate & also causes significant pain & inconvenience.  A second driver is that 3D printing is a minimally invasive procedure preferred by patients.

Surgeons can rehearse the operation with the help of 3D models beforehand which allows them to make smaller incisions, reduce blood loss & assures an easier recovery. The 3D printed hip & knee implant market helps to reduce costs & inefficiencies as these parts will be an exact fit for an individual patient.

3D printed Hip & Knee Implants Market Restraints 

While the 3D printed hip & knee implant market has a tremendous scope with the pace at which 3D printing is advancing, there are still major challenges faced today. The first one is long term performance. 3D printed parts are inherently weaker than forged parts which are how traditional metal implants are made today.

They are stronger than cast parts, but they wear down much faster than forged parts in lab tests. The second main concern is the lack of regulation. At present, more than 70 3D printed devices have been approved by 510(k) of the U.S. FDA Act and this includes medical implants as well. While those drafts have been approved, FDA technical guidance is still some time away.

It is an open question how restrictive the guidelines will be once published. And this just pertains to the U.S as there is no governing body or standard worldwide. This means that the 3D printed hip & knee implant market will have to go through separate approvals in each country, increasing the effort and time taken by manufacturers.

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3D printed Hip & Knee Implants Market Key Regions 

The largest 3D printed hip & knee implant market is the U.S as half of all joint replacements worldwide take place there. China is the fastest growing market. Implants are heavily regulated there as the country currently imports a majority of them.

Greater government pressure to manufacture indigenously is encouraging companies to enter the domestic 3D printed hip & knee implant market. The China Food And Drug Administration has also approved 3D printed hip plants for medical use there.

Key Players in the3D Printed Hip and Knee Implants

The 3D-printed hip and knee implants market are fragmented by prominent players present all around the globe. They are executing various marketing policies and methods to bring the 3D printed hip and knee implants market size up-ward during the forecast period.

Some of the strategies adopted by key players are acquisitions, partnerships, mergers, product launches and others to expand the 3D printed hip and knee implants market.

Some other key companies in the 3D printed hip & knee implant market are

• Medtronic
• DePuy
• 3D Systems
• Embody Orthopaedics
• Smith & Nephew

The report covers exhaustive analysis on 

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

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Key Segments In 3D Printed Hip And Knee Implants Market

By Implant:

• Total Hip Replacement Implant
• Partial Hip Replacement Implant
• Revision Hip Replacement Implant
• Hip Resurfacing Implant

By Material:

• Metal on Polyethylene
• Metal on Metal
• Ceramic on Metal
• Others

By End-User:

• Hospitals
• Orthopedics Clinics

By Region:

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

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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 size of the global market for workplace management tools is expected to increase from US$ 9883.6 million in 2022 to US$ 54292.5 million by 2032, registering a CAGR of 18.6% by the end of the forecast period. Workplace management software helps businesses organise tasks, track time and attendance, manage tasks, manage HR, and manage employee absences and leaves.

Workplace management tools designed for virtual desktops which provide users with a single portal that stores all the resources needed and streamline management for IT. Virtual desktops & applications, mobile applications, and cloud services stored on workspace which enables users to find all the resources at one place. Workspace products can make work simpler and easier for users as well as administrators.

All the resources stored on the portal, IT manager’s role is to manage and deliver them. Workplace engine enables in boosting application support. Workplace provides a reliable, rich-media experience to mobile customers that allows secure access to data, anywhere and at any time.

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Due to central data management and high-level security in a workplace that combines data center servers and unified communications software, there will be secured data storage on servers. Workplace is an end-to-end desktop virtualization solution that offers a computing platform to an enterprise which includes centralized management model provided by the single vendor.

Workplace management tools Market: Market Dynamics

High availability, improved data security, business continuity, virtual lifecycle management, etc. are the drivers of workplace management tools market. Poor integration of legacy applications with workspace, less cohesiveness, security and compliance issues are the challenges of workplace management tools market.

Workplace on cloud, higher scalability, increased productivity and lower overhead costs creates opportunities for workplace management tools market Virtual teams, on-line supervision and hybrid workplace that combines face-to-face contact and virtual collaboration in the workplace as well as remote locations are the latest trends in workplace management tools market.

Segmentation Overview

Workplace management tools market is segmented based on operating system (OS), enterprise type and region. Based on the operating system, workplace segmented into Windows, Linux, and Mac. By enterprise type, workplace segmented into small, medium and large enterprises. Based on verticals, workplace management tools market segmented into information technology, education, government, healthcare, retail and financial services.

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Workplace Management Tools Market: Competitive Landscape

Workplace Management Tools Market: Key Contracts/ Agreements/ Acquisitions

Most competitors in the workplace management tools market adopted partnerships as a key strategy to expand their geographical footprint and upgrade their product technologies.

• In March 2021, Cisco enabled trusted workplaces and safe return to the office through Webex and collaboration devices that use sensors, alerts and artificial intelligence (AI).

The major player operating in the workplace management tools market includes:

• Matrix42 AG
• Citrix Systems, Inc
• RingCube Technologies Inc
• Cisco Systems Inc
• Ivanti Software Inc
• Dell Inc
• VMware Inc
• Microsoft Corporation
• Bitrix Inc
• Atlantis Computing Inc

Workplace management tools Market: Regional Outlook

North America is expected to register healthy CAGR during the forecast period followed by Europe, Asia-Pacific, and MEA regions. North America is experiencing the rapid increase in workplace management tools market due to higher adoption and installation of workspace tools in virtual desktop by enterprises.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also includes projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology, and applications.

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Key Segments Profiled in the Workplace Management Tools Market Survey

By Deployment:

• On-Premise
• Cloud

By Component

• Solution
• Services

By Organization Size

• Large Enterprises
• Small Enterprises
• Medium Enterprises

By Industry Vertical

• Manufacturing
• Healthcare
• Government
• BFSI
• Retail & E-Commerce
• IT & Telecom
• Education
• Others

By Region:

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

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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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Global Smart Home Payments Market was valued at US$ 32.9 Bn in 2021. The market is expected to reach US$ 49.2 Bn by 2022 and US$ 318.2 Bn by 2032, finds Future Market Insights (FMI) in a recent market survey. As per the findings of the report Digital Wallet segment will remain pivotal for the market as the bulk of revenue will be generated through this category.

The Smart Home Payments Market is Expected to Progress at a CAGR of 20.5% from 2022 – 2032. The various lucrative offers such as profitable reward points, and loyalty vouchers are among the key attributes responsible for its attractiveness.

The US to Command the Larger Proportion of Smart Home Payments Market throughout the Analysis Period

The U.S. commands 36.1% of the market share and is expected to keep its dominance intact with an absolute dollar opportunity growth of US$ 94.3 Bn to reach a valuation of US$ 111.9 Bn by 2032. By 2025, the cohort of people using online banking in the U.S. is projected to reach 216.8 Mn. This is expected to expand the demand for smart home payments market.

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“The Connected Appliance segment by application has significant potential to emerge as a key market driver during the forecast period for the Smart Home Payments market.” comments an analyst at Future Market Insights.

Smart Home Payments Market: Competition Insights

Currently, Smart Home Payments manufacturers are largely aiming at adopting strategies such as mergers, acquisitions, and partnerships. They are working towards finding a balance between expanding their product portfolio and capitalizing on the growing market demand. The key companies operating in the Smart Home Payments market include Amazon.com Inc., Apple Inc., Google LLC, LG Electronics Inc., Mastercard Inc., NMI, Inside Secure, EBizCharge, Ingenico Group S.A., Heartland Payment Systems Inc., Baidu Inc., Xiaomi Corporation, Samsung Group, and Lenovo Group Limited.

The key recent developments of Smart Home Payments manufacturers are as follows:

• In July 2022, new integrations coupled with facets like a collection of SDKs (software development kits) and a collection of APIs were announced for Alexa by Amazon.com Inc. The rationale behind this is to increase the versatility of Alexa.
• In May 2022, Virtual Cards for Chrome Autofill Users, one of its kind digital wallet for Android users was announced by Google LLC. The aim behind its design and conceptualization is to better standardize the process of accessing and saving payment cards, vaccine passports, transit, and even tickets by its users.
• In September 2020, with the launch of the Apple Inc. iOS 15, HomePod 15, tvOS 15, and watch OS8, a wide range of state-of-the-art features were added to Apple HomeKit, its smart home system. These new attributes include the ability to connect multiple HomeKit cameras on Apple TV, coupled with the feature enabling users to ask Siri, for something to be done based on an event or later through voice commands.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the Smart Home Payments Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in the Smart Home Payments Market in terms of Payment Type (Mobile Payment, Digital Wallet, and Online Banking), Application (Connected Appliance Payments, Connected TV Payments, and Smart Speaker Payments) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

Key Segments Covered In Market Survey

The Smart Home Payments Market is segmented based on payment type, application, and region.

By Payment Type:

• Mobile Payment
• Digital Wallet
• Online Banking

By Application:

• Connected Appliance Payments
• Connected TV Payments
• Smart Speaker Payments

By Region:

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

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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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