Torque Gauge Market is Expected to Reach US$ 12.7 Billion by 2032 | FMI

The torque gauge market is anticipated to grow from US$ 6.9 Billion in 2022 to US$ 12.7 Billion by 2032, at a compound annual growth rate (CAGR) of 6.3% between 2022 and 2032. As of 2021, the market value of torque gauge was valued at US$ 6.6 Billion, and is forecast to register a Y-o-Y growth rate of 4.5% by 2022.

Torque gauge is a type of measuring instrument used in all manufacturing industries for measurement of torque during a test or during the manufacturing process. Torque gauges are generally used to maintain the quality of the end product so are also known as quality control device.

Some of the key applications of the torque gauge includes laboratory, research & development, quality production in the field environment. These products are having long life span, easy to operate and are highly dependable. The growth of torque gauge market is totally dependent on the industrialization.

Hence, the increasing manufacturing hubs across the globe in order to cater the growing demand is expected to propel the demand for torque gauge in the global market during the forecast period. Moreover, the manufacturers of torque gauges in the global market are highly focused on the product innovation in order to compete with the new vendors in the market.

Therefore, product innovation and development is the key strategy opted by the players in the torque gauge market. Additionally, the market for torque gauge is highly competitive and fragmented owing to the presence of huge number of players in the global market.

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Global Torque Gauge Market: Dynamics

Industrialization is the key driver of the global torque gauge market. The demand for new torque gauges will be created with the rapid establishment of manufacturing units across the globe. Moreover, the advantages offered by torque gauge like in maintaining the quality of the end product is also going to create significant demand for the torque gauges in the future.

Global Torque Gauge Market: Regional Outlook

The global market of torque gauge is expected to be dominated by Asia Pacific region. This can be attributed to the rapid industrialization in the region, mainly due to healthy growing economies of China & India. A torque tester is a quality control device which is mandatorily required in all industries to maintain the quality of work done by them.

Hence, the establishment of new industries and workshops in the countries of Asia Pacific region is projected to create healthy demand for torque gauges in the future. Moreover, the expansion of production facilities of many industries in Europe and North America is also expected to propel the demand for torque gauge from the respective regions.

Furthermore, growing investment in the Middle East & Africa and Latin America region for the establishment of local manufacturing units in the region for low cost manufacturing is also anticipated to drive the market growth in the future.

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Global Torque Gauge Market: Market Participants

In the global market of torque gauges manufacturers are highly engaged in product development in order to capture significant market share. For an instance variety of products have been launched in the market such as wireless torque gauges, battery powered torque gauges, rechargeable torque gauges etc. to compete with the other manufacturers.

Moreover, list of some of the market players engaged in the development and sales of torque gauges are mentioned below:

  • WEBER Schraubautomaten GmbH
  • Crown Oilfield Instrumentation
  • Snap-on Incorporated
  • SUPER TOOL co. ltd.
  • Tohnichi America Corporation
  • Scientific Industries, Inc.
  • IMADA CO.LTD.
  • Mark-10 Corporation
  • OMEGA Engineering
  • Com-Ten Industries
  • IMADA, Incorporated
  • PCE Deutschland GmbH
  • ELECTROMATIC Equip’t Co., Inc
  • Flexible Assembly Systems Inc.

The research report presents a comprehensive assessment of the Torque Gauge market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Torque Gauge market data. It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to Torque Gauge market segments such as geographies, application, and industry.

The report covers exhaustive analysis on

  • Torque Gauge Market Segments
  • Torque Gauge Market Dynamics
  • Torque Gauge Market Size
  • Torque Gauge Supply & Demand
  • Torque Gauge Current Trends/Issues/Challenges
  • Torque Gauge Competition & Companies involved
  • Torque Gauge 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 factors on Torque Gauge market segments and geographies.

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Global Torque Gauge Market: Segmentation

The global market for torque gauges, can be segmented on the basis of product type, mode of operation, application and region.

On the basis of product type, global torque gauge market is segmented as:

  • Hand Held Torque Gauge
  • Table Top Torque Gauge

On the basis of mode of operation, global torque gauge market is segmented as:

  • Mechanical Torque Gauge
  • Digital Torque Gauge

On the basis of application, global torque gauge market is segmented as:

  • Laboratory
  • Industrial/ Field

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Environmental Test Chambers Market is Estimated to be Valued at US$ 880 Mn in 2022

The environmental test chambers market is estimated to be valued at US$ 880 Mn in 2022 and is anticipated to reach US$ 1.2 Bn by 2032, growing at a CAGR of 3%.

As per the FMI’s latest report on environmental test chambers market, constant technological improvements and tight regulatory criteria are expected to boost the growth of the environmental test chambers market.

Environmental test chambers have evolved from simple analog chambers controlled by dials to advanced digital chambers controlled by programmable controllers, and these new trends in the environmental test chambers market are the primary reasons propelling the sales of environmental test chambers.

Due to the need to ensure optimal quality of end-use products and monitor the effects of various climatic stress factors, the demand for environmental test chambers is continuously expanding.

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These environmental test chambers have advanced substantially in recent years, thanks to improved technology and newer refrigerants. As a result, the demand for environmental test chambers is expected to significantly increase during the projection period.

Furthermore, over the years, environmental test chamber manufacturers have focused on developing better, bigger, and faster chambers capable of completing testing on a wide range of products. During the years 2022-2032, this aspect is expected to drive market sales of environmental test chambers even further.

Additionally, in the current environmental test chambers market outlook, shorter product lifecycles and frequently changing testing needs are the key restraints of the industry, which are limiting the environmental test chambers market’s growth.

KEY TAKEAWAYS:

  • With a CAGR of 3.2 percent, the temperature and humidity chambers segment is expected to have the largest market share by 2032.
  • The market for environmental test chambers in the automotive industry is expected to grow at a CAGR of 3.2 percent by 2032.
  • With a CAGR of 2.8 percent, the US market is expected to maintain its dominance in the global environmental test chambers market.
  • Asia Pacific is predicted to account for a moderate revenue share of the target market, followed by Europe.
  • United Kingdom environmental test chambers market is projected to grow at an average momentum with a CAGR of 1.7%.
  • China is predicted to hold a sizeable environmental test chambers market share with a CAGR of 2.3 percent.
  • Japan environmental test chambers market is anticipated to grow at a CAGR of 1.4% during the forecast period.
  • South Korea market for environmental test chambers is projected to rise at a slowest pace with a CAGR of 0.7% during the forecast period.

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COMPETITIVE LANDSCAPE:

In the environmental test chambers market, acquisitions and partnerships & collaborations were two inorganic growth strategies used. These measures have cleared the way for market participants to expand their client base and revenue.

Key players in the environmental test chambers market are likely to benefit from favourable growth prospects in the future, thanks to rising sales of environmental test chambers in the global sector.

Some of the environmental test chambers market players profiled in the FMI’s report are ESPEC, Thermotron Industries, Weiss Technik UK, Binder GmbH, and Cincinnati Sub-Zero Products Inc.

Recent Developments in the Environmental Test Chambers Market

  • In June 2018, Binder introduced the BINDER cell and module test chambers for ageing and performance testing.
  • In July 2021, Weiss Technik announced that their Danfoss AKV electronic expansion valves for use in environment test chambers had passed their tests.
  • One of the leading manufacturers just released Binder Climatic Simulation and Photostability Test Chambers.
  • Memmert debuted two temperature control appliances at ACHEMA 2018 that employ climate-neutral CO2 as the refrigerant (R744).
  • QUALMARK CORPORATION (US), which manufactures, sells, and maintains HALT & HASS environmental test chambers, was acquired by ESPEC CORPORATION (Japan) in January 2016.

Segments:

By Type:

  • Temperature and humidity chambers
  • Customized chambers
  • Thermal shock chambers
  • Others  (AGREE chambers, altitude chambers, HALT and HASS chambers, sand and dust chambers; salt and spray chambers; and remote conditioners)

By Application:

  • Aerospace and defence
  • Automotive
  • Telecommunications and electronics
  • Medical and pharmaceuticals
  • Others

By Region:

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

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Viscometers Market is Expected to Grow at a 6.9% CAGR in 2031 | FMI

The viscometer market is expected to reach US$ 300.4 million in 2021, growing at a CAGR of 6.9% between 2021 and 2031.

Despite marginal decrease in sales, the market is set to register impressive year-on-year growth at 6.4% CAGR in 2021. The increasing demand from research, testing and certification agencies has improved viscometer market growth. Also, recovery of production across various industries, including petroleum, food & beverages, and others will aid the market growth over the coming years.

According to Future Market Insights (FMI), the global viscometer market is expected to rise due to the continued expansion of process industries such as chemicals, oil, and lubricants, and the resulting increased demand for viscosity tests. Following the outbreak of COVID-19, sales of viscometers dropped during the FQ-20 due to the cessation of manufacturing activities as a result of supply-chain disruptions caused by the pandemic.

Backed by these factors, the global market will surpass US$ 587.3 Mn, reaching a shipment of 51,000 units through 2031, estimates FMI. .

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Key Takeaways of Viscometer Market Study

  • Within the industrial segment, the food & beverages industry is expected to be the primary end-user, accounting for over 18% of volume sold through 2031.
  • In terms of sales channel, online sales channel will be the most preferred type, contributing nearly 56.7% of global revenue.
  • Based on equipment type, capillary viscometer is expected to hold potential share of the global viscometer market whereas vibrational viscometer and falling ball viscometer is projected to expand with the higher growth throughout the forecast period.
  • The U.S. and Germany are expected to hold dominance over the North America and Europe market, holding potential share of 69.2% and 30.4%, respectively.
  • India, Mexico, and GCC countries are anticipated to expand with substantial growth rate over the forecast period.

 “Increasing application of viscometer as a primary tool for quality control and to address new product formulation across industries will continue to improve sales. With increasing adoption of viscometer in testing and certification agencies, demand in the market will continue to rise through the forecast period,” says a Future Market Insights analyst.

 

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Competitive Landscape

The global viscometer market is considered to be moderately consolidated, with leading players accounting for nearly 3/5th of the market share. Penetration of small regional players will result in intense competition.

AMETEK Inc., Anton Paar GmbH, A&D Company, TA Instruments, Goettfert GmbH, Fann Instrument, Freeman Technology, Brabender GmbH, Cannon Instrument Company, Lamy Rheology Instruments, and Shanghai Nirun Intelligent Technology Co., Ltd among others are some of the leading players.

These players are adopting inorganic growth strategies such as partnerships, research & development activities, collaborations, acquisitions, technological advancements and innovations in order to capture a larger share in the market and strengthen their market presence.

Market Projection

During the forecast period, the global viscometer market is expected to be an optimistic market owing to increasing deployment of automation in various manufacturing procedures as well as increasing investments of manufacturers in research & development.

Manufacturers are highly investing in research & development for product advancement to meet the industry standards and regulatory framework sanctioned by government. This in turn, is driving the growth of viscometer market globally.

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Viscometer Market by Category

By Equipment Type:

  • Orifice Viscometer
  • Capillary Viscometer
  • Falling Piston Viscometer
  • Rotational Viscometer
  • Falling Ball Viscometer
  • Vibrational Viscometer

By Sales Channel:

  • Offline
  • Online

By End User:

  • Industrial
    • Pharmaceutical
    • Industrial Oils and Lubricants
    • Paints & Coating
    • Food & Beverages
    • Petrochemicals
    • Cosmetics
    • Polymers & Rubber
    • Others (Research & Academician and Building & Construction Materials)
  • Testing & certification Agencies

By 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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Universal Testing Machine Market is Expected to Observe a Steady Growth Rate by FMI

The universal testing machine (UTM) market continues to observe a steady growth rate. Towards the end of forecast period, global universal testing machine market revenues will exceed US$ 590 Mn, as projected by a new Future Market Insights (FMI) report.

Owing to their simple test fixture and minimum sample machining requirement, four column testing machines continue to define manufacturers’ bottom lines. As four column testing machines account for nearly half of market revenues, manufacturers are significantly focused on this product category. However, four column testing machines will see a dip in their demand due to their high upfront costs, thus, are likely to lose share to other UTMs – dual and single column testing machines through 2029.

Capable of testing various mechanical properties such as tension, compression, shear, bending, hardness, fatigue, and others, universal testing machines are also widely utilized by glass, metal, polymer, rubber & ceramic, and wood product manufacturers.

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Key Takeaways – Universal Testing Machine Market Study

  • Based on market value share, four column universal testing machines segment to be dominant, despite a relatively high price point. On the other hand, single column universal testing machines segment is anticipated to hold a higher market volume share, owing to relatively lower cost and higher application in paper & plastic, polymer, textile, and electronics & electrical industries.
  • UTMs are significantly used in the automotive industry, as these are used to determine mechanical test data such as material rigidity, design stiffness, components, fatigue and material forming, and joining technology. Moreover, testing for engine & drive train, chassis, body, interior design, and electronic component design is performed by UTMs in this industry.
  • Global manufacturers of universal testing machine are majorly focusing on the development of new universal testing machines with wide measuring range, owing to increasing demand for diverse material testing that require specific UTMs. Furthermore, customer-centric approach by maximizing services is the primary focus of regional/local manufacturers.

Several end-use industries are preferring multi-purpose universal testing machines over other testing machines that can measure only single mechanical property. Therefore, manufactures have shifted their focus on application-specific product development.

Who Is Winning?

The global universal testing machine market is moderately fragmented owing to continuous demand for testing mechanical properties for wide range of materials, and presence of regional and global players. Key manufacturers such as Instron (Illinois Tool Works), AMETEK, Shimadzu Corporation, Keysight Technologies, Zwick/Roell, and MTS Systems Corporation account for about 30% of the overall market share. North America and Europe are anticipated to account for approximately half of the total market share, owing to significant demand for automotive, aerospace, and textile material testing.

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Product Development to Grab Larger Market Share

Broadening applications in various industries such as automotive, construction, textiles, aerospace, paper & plastic, electronics, polymer and others, are shaping market growth positively. Therefore, market players offering universal testing machines are continuously focusing on developing new products to sustain their positions in the highly competitive market.

Developed Regional Markets Leading the Way

The worldwide adoption of UTMs is primarily concentrated at the developed regions of North America and Europe, which collectively account for around 45% of total sales. The US and the UK are spearheading the regional markets respectively, with the market in former reflecting the most worthwhile sales opportunities. While these developed regional markets continue to lead the pack in the global landscape, market players are also eyeing growth potential in East Asia, owing to the thriving end-use industries – construction, automotive, and electronics & electrical.

UNIVERSAL TESTING MACHINE MARKET TAXONOMY

The global universal testing machine market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Product

  • Single Column Testing Machines
  • Dual Column Testing Machines
  • Four Column Testing Machines

End Use

  • Automotive
  • Paper & Plastic
  • Textiles
  • Electronics & Electricals
  • Aerospace Material Testing
  • Construction Material Testing
  • Research & Academia
  • Others

Region

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

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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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Cable Fault Locator Market is Expected to Reach US$ 784.0 Mn in 2022 | FMI

The cable fault locators is projected to increase at a robust 8.5% CAGR by volume between 2022 and 2029 reaching a value of about US$ 784.0 Mn by 2022 end.

Handheld cable fault locators currently account for a majority of sales. Continued preference of end users towards these cable fault locators will remain a prominent trend shaping growth of market during the projection period, 2019-2029. The cable fault locator market is projected to witness impressive Y-o-Y growth rate of ~10% through 2029.

The rapid growth of the electronics & telecommunication sector in several developing economies worldwide is contributing to the increasing demand for cable fault locator market. The global business is expected to witness a considerable CAGR of 10.1% by value during the period of 2022 and 2029.

Key Takeaways of Cable Fault Locator Market Study

  • North America and Europe are expected to account for major revenue share in the cable fault locator market through 2029.
  • FMI’s analysis indicates East Asia would continue to be lucrative market for cable fault locator market players in the foreseeable future
  • The global cable fault locator market represents a fragmented competition landscape, where leading players are focusing on enhancing the capabilities of cable fault locators with versatile features that allow for their usage in an array of fault location applications.

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“Besides significant demand for cable fault locators from primary end-use verticals, such as telecom and electrical & electronics, there is a considerably high usage of cable fault locator devices in mining, petroleum, and power generation industries.

Key Segment

Portability

  • Portable
  • Handheld

Product

  • Cable Sheath Fault Locators
  • Cable Route Tracer
  • Time Domain Reflectometer
  • Pinpointer
  • Voltage Surge Generator
  • Others

End Use

  • Petroleum
  • Electrical& Electronics
  • Telecommunication
  • Power Generation
  • Mining
  • Construction
  • Others

Region

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

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Accuracy to be of Paramount Importance in New Product Launches

Megger, Fluke Corporation, Hubbel, 3M, and BAUR GmbH are some of the major players in the cable fault locator market. These players are focusing on introducing technological advancements to further strengthen their hold on the market. BAUR GmbH Company has developed a vehicle-mounted cable fault location system that is suitable for any operation. Smaller regional players are trying to differentiate their product offerings by introducing novel features in existing products. For instance, ELEKTRONIKA is offering graaf fault locators, which are used for accurate fault location on totally water-soaked cables.

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Trace Oxygen Analyzer Market to be Worth US$ 2,064.5 Mn by the Year 2032 | FMI

The Trace Oxygen Analyzer Market are set to be valued at over US$ 1.2 Bn in 2022, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.6% CAGR from 2022 to 2032.

The trace oxygen analyzer market has experienced a slight but impactful decline in its demand in FY 2020 due to global pandemic COVID-19 outbreak. Various end-use sectors like chemical, industrial & automotive sector was highly impacted by the pandemic due to lockdown imposed by governments in various regions, distribution channel between manufacturer & consumer was disturbed as well.

According to Future Market Insights (FMI), increasing application of trace oxygen analyzers in various end use sectors for measuring oxygen content is boosting the demand growth especially in chemical & electronics sector where accurate amount of oxygen content is critical for output production has enhanced the scope for trace oxygen analyzer to target such industries.

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However, in last quarter of 2020 the economies started to get back on the track and impact of COVID-19 is expected to not last more than 3-6 months.

Due to innovative product developments by prominent players and requirement for on-site oxygen analysis in end-use sector, portable trace oxygen analyzers are expected to boost the market for trace oxygen analyzer in forecast period.

Demand for accurate result in lesser period of time in the petrochemical & power generation sector has created a huge demand scope for the Zirconia Oxygen Analyzer. Thus market for the trace oxygen analyzer is expected to grow higher in upcoming period.

Increasing number of players are focusing on research and development related to trace oxygen analyzer. This is anticipated to contribute towards market growth in the years to come.

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Key Takeaways from Trace Oxygen Analyzer Market Study

  • By application, the pharmaceutical & healthcare sectors are projected to hold more than 1/4th volume share of the global market in 2022 owing to robust demand for analyzing oxygen content.
  • The portable trace oxygen analyzer segment is set to hold more than 2/3rd of the market share in terms of value by the end of forecast period.
  • North America will remain a primary market, backed by rising demand from the chemical & petrochemical sectors. It is expected to account for over 26.6% of the demand registered in North America in 2022.
  • By end use, portable segment of the trace oxygen analyzer market is set to surge at CAGR of approximately 5.9% over the coming decade.
  • Globally new sales of trace oxygen analyzer is expected to reach 1.2 Bn in 2032.

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Who is winning?

The trace oxygen analyzer market is highly consolidated with having key players accounting for around more than 70% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Teledyne Technologies Incorporated, AMETEK, Inc, HORIBA, Ltd., Yokogawa Electric Corporation, Emerson Electric Co., Michell Instruments, Advanced Micro Instruments Inc., Analytical Industries Inc., Ambetronics Engineers Pvt. Ltd., Alpha Omega Instruments Corp., Nova Analytical Systems, Orthodyne, Tiger Optics, LLC.

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

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Agriculture Testing Services Market is Expected to Observe a CAGR of ~ 6% over-2028

The agriculture testing services market size was valuated at ~US$ 4 Bn in 2018. The agriculture testing services market is expected to observe a CAGR of ~ 6% over-2028.

On the basis of end users, the agriculture testing services market has been segmented into farmers, agricultural consultants, fertiliser manufacturers, research bodies, and others. On the basis of region, the agriculture testing services market has been segmented into North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa and Emerging Countries.

The agriculture testing services conduct various types of testing such as that of water, soil, seeds, food, fertilizers, and other testing services to inspect and determine their quality parameters.

The increasing demand for agriculture testing services across the globe to maintain the quality standards and to maximise agriculture production is boosting the market growth significantly. The agriculture testing services market is segmented on the basis of sample type, by service type, by end user, and by region.

On the basis of sample type, the agriculture testing services market has been segmented into water, soil, seed, water, fertilizer, food, and others. On the basis of service type, the agriculture testing service market has been segmented into on-site and off-site agriculture testing services.

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Rapidly increasing global population and urbanisation are some of the major concerns across the globe. Increasing population creates a burden on the agriculture industry to maximise the overall yield production.

Continuous focus on the maximisation of yield production also requires a larger quantity of agriculture products such as fertilizers, seeds, and others. The increasing demand for the quality inspection of these agriculture products to generate the maximum yield is ultimately boosting the agriculture testing service market.

Key Players Focused on Expansion in Lucrative Asian Markets

Regions such as North America, Europe, and East & South Asia are among the key regions in which the agriculture industry is growing rapidly.

Prominent manufacturers are continuously focusing on these regions to capture a significant market share in terms of revenue. Agriculture testing service providers provide various types of testing services such as soil testing, food testing, water testing, seed testing, fertiliser testing, and other testing services in these regions.

The presence of an adequate number of key agriculture service providers and the frequent requirement of agriculture testing services in these regions is fuelling the growth of the agriculture testing service market. These key agriculture testing service providers firmly believe in acquisitions and expansion strategies to expand their global footprints.

  • For instance, Eurofins, one of the prominent agriculture testing service providers, announced the acquisition of Laboratoire de Bromatologie de l’Ouest (LBO) to extend its network of food testing laboratories in France on May 23, 2018
  • The company also strengthened its footprint in France by acquiring Protec Group to expand its food and water testing activities
  • ALS Limited, another agriculture testing service provider, acquired the Mikrolab Group in Sweden on October 3, 2017. The Mikrolab Group provides pharmaceutical, environmental, and food testing to a wide range of clients

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The report tracks some of the key companies operating in the market, such as BUREAU VERITAS, Intertek Group plc, Eurofins Scientific, SGS SA, A&L Great Lakes., Agri-Labs, Inc., Polytest Laboratories, Waters Agricultural Laboratories, Inc., J. K. ANALYTICAL LABORATORY & RESEARCH CENTRE, Lilaba Analytical Laboratories, Kinsey Ag Services, AgroLab, TÜV NORD GROUP, Akshar Analytical Laboratory & Research Center, and AGQ Labs USA, and Interstellar Testing Center Pvt. Ltd.

SGS SA, BUREAU VERITAS, Intertek Group plc, and Eurofins Scientific are estimated to capture a prominent share of the agriculture testing service market. These tier 1 companies hold a share of approximately ~ 50 % of the agriculture testing service market.

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Key Segment

By Sample Type

  • Soil
  • Seed
  • Water
  • Fertilizer
  • Food
  • Others

By Service Type

  • Off-Site Services
  • On-Site Services

By End User

  • Farmers
  • Agricultural Consultant
  • Fertilizer Manufacturers
  • Research Bodies
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA
  • Emerging Countries

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

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Cardiac Reader System Market is Projected to Observe a CAGR of More than 5% 2027

The global cardiac reader system is expected to observe a CAGR of More than 5% over 2027.. As depicted in a new research study of Future Market Insights (FMI), benchtop analyzers continue to account for over 80% of overall sales of cardiac reader systems. Although the compact analyzer modularity is seemingly gaining ground, recently, owing to the convenience of usage, it is highly likely that the sales of benchtop variants will remain on a higher side over the coming years.

Prominent adoption of cardiac reader systems will prevail at hospitals and clinics. As revealed by FMI’s analysis, diagnostics continue to gather momentum, and thus laboratories are highly likely to develop lucrative potential in terms of adoption of cardiac reader systems. By the end of 2019, more than 1/4th of the overall cardiac reader system sales will be accounted by laboratories.

More than 40% of the overall demand for cardiac reader systems is catered by enzyme immunoassay analyzers, according to FMI’s findings. The next high-selling types of cardiac reader systems, chemiluminescence immunoassay analyzers and magnetic immuno-chromatographic assay analyzers, hold a significant revenue share of over 45% in the global cardiac reader system sales.

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Troponin Remains Preferred Biomarker

In around 2/5th of the cardiac reader systems sold, globally, troponin is the sought-after type of marker. According to the report, creatine kinase will also demonstrate high growth potential over other marker types in the cardiac reader system market. Troponin is highly sensitive and specific-in-action, which impart it superior diagnostic abilities over other conventional biomarkers. Except for highly sensitive cardiac injury, troponin barely shows false positive tests for the diagnosis of heart attack, angina pectoris, and myocardial infarction.

In line with the mounting demand for high-accuracy, time-efficient, and effective diagnostic outcomes, manufacturers of cardiac reader systems are focused on augmenting their R&D investments. According to the report, increase in R&D efforts will create a plethora of new growth opportunities for the cardiac reader system market. In addition, the notable increase in funds from PPPs (public-private partnerships) for R&D of novel cardiac biomarkers is cited as an important booster for demand growth of cardiac reader system.

Developing Markets Observing Hike in Sales

Demand for cardiac reader system in developed regional markets account for over half of the global demand, according to the study. Although the demand remains strong in the US, and thereby in North American region, the report envisages stronger growth prospects for the cardiac reader system market in Europe.

Moreover, FMI’s study points to visibly growing potential of developing regions, for the expansion of cardiac reader system market. Following Asia Pacific excluding Japan (APEJ), market in Latin America and Middle East and Africa (MEA) is also reflecting signs of healthy growth in forthcoming years.

Collaborations Trending in the Competitive Landscape

Some of the key vendors actively operating in the global cardiac reader system industry, include Radiometer Medical Aps, Creative Diagnostics, Boditech Med Inc., Mitsubishi Chemical Europe GmbH, and Quidel Corporation. According to FMI’s analysis, F. Hoffmann-La Roche Ltd., Beckman Coulter Inc., Siemens AG., and Abbott Laboratories are among the Tier 1 manufacturers of cardiac reader systems and account for a substantial revenue share in the global market.

Key manufacturers of cardiac reader systems are focusing on collaborations with universities and associations to develop their product portfolio. In March 2017, Abbott Laboratories had announced the collaboration with the Hennepin County Medical Center and the University of Minnesota, over the development of markers to be used in the guiding treatment.

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CARDIAC READER SYSTEM MARKET TAXONOMYThe global Cardiac Reader System market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Modularity Type

  • Benchtop Analyzers
  • Compact Analyzers

Product Type

  • Enzyme Immunoassay Analyzers
  • Chemiluminiscenece Immunoassay Analyzers
  • Magnetic Immuno-Chromatographic Assay Analyzers
  • Immuno-Fluorescence Analyzers

Marker Type

  • Troponin
  • Creatine Kinase
  • Myoglobin
  • Others

End Use

  • Hospitals and Clinics/li>
  • Laboratories
  • Ambulatory Surgical Centers
  • Other End Use

Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

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

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DSL Tester Market is Expected to Grow at a 5% CAGR Due to Growing Demand for High-Quality DSL Testers

The global DSL tester market is estimated to grow at a CAGR of over 5% throughout the forecast period. Worldwide sales of DSL testers were closed in at a valuation of US$ 1,008.9 Mn, adds the report.

The DSL tester market is estimated to witness exponential growth during the forecast period, on account of a burgeoning number of internet handlers spreading across the globe. Moreover, a rapid increase in the number of subscriptions to internet services is estimated to boost the demand for DSL testers in the forthcoming years.

Rising deployment of DSL tester across multiple industries, including telecommunication, electric power, internet services, and others, is a key pacesetter of DSL tester market growth. Rising demand for tracing network cabling faults is another key factor pushing growth of DSL tester market in 2019 and beyond.

As per the report, ever-evolving demand for additional bandwidth to support video, gaming, and streaming content is necessitating high adoption of testing equipment, thereby driving DSL tester market.

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Product Differentiation Trending in Competitive Landscape of DSL Tester Market

In line with the increasing use of broadcast video services or multicast, video streaming, and other applications, vendors of DSL testers are vying to offer distinguishable products with operational efficiency and performance stability. This is resulting in a massive influx of new and advanced products in the DSL tester market, paving favourable growth avenues for DSL tester market.

To meet consumer demand, the key manufacturers of DSL testers are concentrating on improving their products and announcing several upgrades to gain an edge over their competitors. Moreover, the vendors of DSL testers are focusing on providing cost-effective and high-performance instruments. Furthermore, vendors are launching DSL testers with multiple functions, better capability, and handheld instruments for refining the standard of testing flaws in wiring or cabling.

For example, in 2018, VIAVI Solutions Inc., one of the prominent US-based vendors of DSL testers, launched a modular field DSL tester with multiple touch instrument, which is inspired from smart phones. This device contains vectored pairs, copper, POTS, and coax/HPNA.

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Manufacturers Focus on Technological Advancements to Boost Product Positioning

The DSL tester market is gaining traction over the past few years owing to the availability of technically advanced DSL testers. Technological improvements, such as DC voltage measurements, network scanning, and other improved features of DSL testers, are expected to boost sales of DSL testers at a significant rate.

As per the report, North America holds a significant share in the field of DSL testers owing to strong presence of telecommunication and internet service providers spread across the region. Moreover, the presence of the prominent players of DSL testers in the North America region is further catalysing the growth of the regional market.

According to FMI analysis, EXFO Inc., Agilent Technologies, and VIAVI Solutions Inc. are among the key manufacturers of DSL testers. Manufacturing and providing a wide range of DSL tester to customers as per the industry requirements are among the key strategies followed by these leading players to capture a significant share of the DSL tester market.

Few other prominent manufacturers of DSL testers profiled in the report are Emerson Electric Co., Spirent Communications, 3M, Keysight Technologies, Riser Bond Instruments, Shandong Senter Electronic Co., Ltd, T & M TOOLS CO., Limited, JDSU Acterna, Klein Tools, Inc., and ARGUS.

Key Segment

Based on Modularity Type

  • Handheld
  • Portable DSL Tester

Based on End Use

  • Internet Service Providers
  • Telecommunication
  • Electric power
  • Other Industries

Based on Region

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • Middle East & Africa (MEA)

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

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Optical Spectrum Analyzer Market is Expected to Grow at a CAGR of 5.7% Approximately Over 2022-2032

The global optical spectrum analyzer market is currently valued at around US$ 342.3 Mn and is anticipated to progress at a CAGR of 5.7% to reach US$ 593.2 Mn by 2032.

The telecom industry has expanded exponentially in the last few years, which has in turn created lucrative prospects for the growth of the market.

Optical spectrum analyzer is highly sought-after in telecommunication industry. It is used to determine occupied bandwidth and track interference sources. The growth in IT and telecommunication industry is forecast to fuel the demand for optical spectrum analyzers in the coming years. The market also is expected to gain from the rising demand in medical & healthcare, energy & utilities, and other end-use industries.

Optical spectrum analyzer market is considerably gaining from the rising demand in the IT and telecommunication industry. According to a new study by Future Market Insights (FMI), the market will continue exhibiting steady growth since optical spectrum analyzer is an important tool in signal discrimination that finds application across diverse industries starting from IT to aerospace.

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According to Future Market Insights (FMI), the global optical spectrum analyzer market is set to grow at 5.8% CAGR during the forecast period from the year 2022 to 2030.

Despite facing slower growth rate due to COVID-19 pandemic in the recent year, the market is soon likely to recover, creating ample opportunities for the companies operating therein.

FMI offers an exhaustive overview of the optical spectrum analyzer market, its growth drivers, and restraints.

Some of the key takeaways from the report are highlighted below-

  • Portable optical spectrum analyzer is gaining traction as more preferred products among various industries
  • Wavelength meter mode of optical spectrum analyzer is highly sought-after in the market
  • The IT & telecommunication industry will continue exhibiting high growth for optical spectrum analyzer
  • North America has emerged as a highly lucrative market. In the coming years, the demand from South Asia as well is expected to rise at a high rate

COVID-19 Impact Analysis

The COVID-19 pandemic has hampered the growth of several industries, including key end users of optical spectrum analyzer market such as IT, aerospace, and others. In the beginning of this year, the manufacturing units had to struggle with restrictions such as shortage of raw materials, decrease in manpower, closed supply chain, and others during extended period of lock down.

Contrary to this, the pandemic resulted in surge in demand for optical spectrum analyzers from medical & healthcare industry due to increase in rush of patients. Despite being impacted by COVID-19 pandemic, the optical spectrum analyzer market is set to grow steadily throughout the forecast period.

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Who is Winning?

The global optical spectrum analyzer market is set to grow exponentially in the coming years. In order to sustain their positions, the key market players are focusing on developing more sophisticated products.

For instance, AMS Technologies has launched their new range of optical spectrum analyzers such as Ultra Optical Spectrum Analyzer (OSA) Spectrometer, UltraBright Spectrometer, HyperFine Spectrometer, and others in order to target the key end users such as telecommunication, medical, and others.

Thorlabs has launched their new Dual-Function Broadband Spectrometer and Wavelength Meter equipped with FC/PC Fiber Connector and Free-Space Optical Input. This type of optical spectrum analyzer is capable of working in two modes- spectrometer mode (7.5 GHz resolution) and wavelength meter mode (0.1 ppm resolution).

Global Optical Spectrum Analyzer Market by CategoryBy Product Type: 

  • Portable
  • Benchtop
  • Handheld

By Mode Type:

  • Spectrometer Mode
  • Wavelength Meter Mode

By End Use:

  • IT & Telecommunication
  • Medical & Healthcare
  • Energy & Utilities
  • Automotive
  • Institutions
  • Aerospace & Defence
  • Semiconductors & Electronics

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

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

Contact Us:                    

Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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