Market Research Blog – Page 9821 – New Product Development

Positron Emission Tomography (PET) Scanners Market Worth US$ 1.9 Billion By 2031 | Future Market Insights

The global positron emission tomography (PET) scanners market was valued at over US$ 1.2 Bn in 2021 and is expected to exhibit a CAGR of close to 5.1% over the forecast period.

The concept of PET as a nuclear medicine imaging technology was established in early 1970s. Ever since the technology has evolved into routine clinical imaging modality, revolutionizing the process of diseases diagnosis and management into more effective fashion.

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PET is a molecular imaging technology that detects the concentration and pharmacokinetics of radiotracer molecules that are labelled with radioisotopes. This helps to diagnose and determine the severity of a various diseases such as neurological disorders, cardiovascular disorders, cancer, gastrointestinal and various others.

Based on the operational and geometrical capabilities of PET scanners, the systems are classified as full ring PET systems and partial ring PET systems. Advancements in technological performance of these systems are always associated with higher cost, limiting its widespread utilization in clinical PET imaging.

Rising prevalence of chronic disorders such as cancer and cardiovascular disorders, coupled with greater awareness towards physical wellbeing and limitations of conventional PET scanner is spurring demand for effective diagnostic techniques, thereby augmenting growth of the market.

PET scanners have continued to improve image quality and performance over the last few years. Technological improvements such as managing dose, reduced imaging time and enhanced lesion detectability have increased PET’s functionality, thus making it easier to interpret and diagnose various life-threatening disorders.

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Key Market Segments Covered

By Product:

Full-ring PET scanner
Partial-ring PET scanner

By Application:

Oncology
Cardiology
Neurology
Others

By Detector Type:

Bismuth Germanium Oxide (BGO)
Lutetium Oxyorthosilicate (LSO)
Gadolinium Oxyorthosilicate (GSO)
Lutetium Fine Silicate (LFS)
Lutetium Yttrium Orthosilicate

By End User:

Hospitals
Diagnostic Centers
PET Centers
Research Institute

Key Takeaways:

By product, full-ring PET scanner is expected to hold over 86.2% of the total market share by 2031.

Sales in the oncology segment accounted for over 85.2% of market share in 2020, owing to the increasing incidence of chronic diseases and cancer.

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Based on detector type, demand in the lutetium oxyorthosilicate (LSO) segment to held over 37.3% of market share in 2020.

Hospitals dominate end user segment with a share of around 34.9% in 2020 due to increasing patient inflow after COVID-19 outbreak.

“Ongoing technological advancements in PET scanners, copled with increasing applications in diagnostic centers and research institutes will propel the growth of the market in the forthcoming years” says a FMI analyst.

Who is winning?

Acquisitions, mergers, expansion, and product launches are the key strategies adopted by manufacturers to increase consumer base in different geographies. For instance:

In January 2020, Koninklijke Philips N.V. introduced its advanced solutions called Vereos Digital PET/CT (world’s first and only fully digital, clinically proven, PET/CT solution), an AI-powered solution for precision diagnosis at IRIA 2020.

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Water Treatment System Market Research, Segmentation, Key Players Analysis and Forecast to 2030

The global water treatment market is projected to grow 6% in 2019 and reach a total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as per the recent report published by Future Market Insights. Demand for potable water, changing government regulations, and awareness of the negative impact of untreated water are tipped to be the primary growth drivers of the global water treatment market.

According to the report, several key drivers are expected to fuel the growth of the global water treatment market during the forecast period. The notable driving forces include, growing awareness of the hazardous effects of impure water consumption, steady surge in demand for fresh water, adoption of water treatment systems, and demand for quality water from the domestic and industrial sector.

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The increase in the adoption of new technologies along with focus on R&D will play an instrumental role in shaping the overall growth of the water treatment market in 2019 and the coming years. Further, established players operating in the water treatment market are likely to increase investments in R&D activities, focus on the development of innovative water treatment systems, and offer cost-effective solutions.

In addition, existing players pushing for product innovation, collaborations with EPC companies and local municipalities, development of patented technologies and high capacity treatment systems are likely to gain a competitive edge in the current industry landscape.

East Asia Emerges as a Promising Region for Market Growth

In the current scenario, North America and MEA are expected to dominate the global water treatment market in terms of market share. However, the report suggests that the market in East Asia will witness a commendable growth through the forecast period 2019-2029. Currently, the market value of the water treatment market in East Asia is ~ US$ 10,065.6 million and expected to reach US$ 24,376.9 million by the end of 2029 growing at a CAGR of around 9.2% throughout the forecast period. The growth is projected to be primarily driven by focus on enhancing water quality and striking a balance between the demand and supply ratio.

Furthermore, the economies of East Asian countries such as China, South Korea, and Japan have shown a steady growth in recent years. Macro-economic parameters including rapid urbanization, growing population, and positive investment patterns have boosted investments in the housing and municipality projects in the region. Other factors such as lack of quality water treatment infrastructure and growing water scarcity have led to a noteworthy increase in the spending to upgrade water treatment facilities in the region.

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Evolving Government Regulations Expected to Shape the Future of Water Treatment

According to the FMI report, in the current scenario, the high demand for chemical-free water is projected to be a key driver of the global water treatment market. Government regulations revolving around water treatment policies are expected to focus on the impact of untreated water on the environment. The evolving government regulations has encouraged market players to focus on the development of eco-friendly water with innovation and adoption of new technologies.

According to the FMI analyst, “The growing demand and focus on chemical-free water has certainly opened up new opportunities for the existing market players. Further, the demand for environment-friendly water will lead to an increase in process water treatment systems in the forecast period.”

In 2019, by application, process water treatment had a high value share of around 47.9% followed by waste water treatment (30.5%). Further, the trend is anticipated to continue throughout the forecast period 2019-2029 driven primarily due to the stringent government regulations.

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Image Based Barcode Reader Market Report Perspective with Study of Leading Players 2030

Moreover, adoption of Industry 4.0 has influenced manufacturing firms to increasingly turn to asset tracking and monitoring technologies to efficiently track and monitor asset locations and their status. Image based barcode readers are the core devices for such activities.

With the high penetration of extremely sophisticated smart phones, QR codes and bar codes are being used as the next step for app based retail solutions. Presently, businesses are voraciously absorbing the might of image based barcodes as it serves as a lead magnet through aggressive marketing campaigns.

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These insights are according to a new study on image based barcode reader market by ESOMAR-certified research and consulting firm Future Market Insights. Increasing penetration of Industry 4.0 has spurred the deployment of advanced technologies such as cyber-physical systems, cloud, robotics, artificial intelligence (AI), big data, and autonomous techniques across the manufacturing industry. This is helping manufacturing firms to ensure uninterrupted operations and curb the pressure on workers.

Key Takeaways of Image Based Barcode Reader

Players to launch proprietary QR code scanner and reader apps that are compatible with Android and iOS
Market in East Asia to witness meteoric growth, majorly represented by China
Retail and commercial industry to remain the key revenue generator, capturing over 30% of market value
Future QR codes expected to reduce error margins ranging between 7-30%

Rapid Advances in Sensor Technology to Augur Well for Market Growth

High-powered integrated torch (HPIT) image creation system, driven by high-speed liquid lens technology and time-of-flight (ToF) distance measurement, are making a measurable impact by allowing dynamic autofocus at frames per second (FPS). The most recent image based barcode readers come with HPIT feature for use cases including, high-rate tunnel sortation and warehouse handling in situations where product dimensions and packages can differ considerably, demanding the camera to swiftly adjust to various focal ranges.

The HPIT light offers superior illumination ability for fixed-position image based barcode readers. HPIT is perfect for hard to read barcodes, presentation scanning, and use cases that confront the challenge of shifts in working distances. The solution leverages high-rate autofocus technology, distance sensors to deliver top-quality 1D and 2D code image creation, and 16 programmable LED lights.

“QR codes have been around for a long time, though they often have been perceived as a mere tech solution in pursuit of a problem. However, as is the case with swarms of things in the new normal, the COVID-19 pandemic is providing new meaning to QR codes as an elegant enabler of contact-less commerce,” says analysts at FMI.

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North America Takes the Lead, East Asia Reflects Potential Growth Avenues

North America has been a test bed for tech-enabled innovations and is characterized by a well-established digital ecosystem. The developed region continues to offer opportunities of growth and profitability to image based barcode reader manufacturers over the following decade. The US spearheads the regional market, where image based barcode readers are significantly used in retail sector for smooth shopping experience.

Moving, the market in East Asia is experiencing tremendous growth, owing to flourishing retail sphere and subsequent development in manufacturing projects that are accenting the need for automated warehouses and thus, triggering the demand for barcode readers. Adoption of 2D Image/ Code Scanning in warehousing activities as well as in shipping and logistics operations are benefitting enterprises in the form of smooth business operations management. Digitization of the retail market, especially in China, and India, is further opening door of opportunities for the image based barcode reader market.

To Know More About Image Based Barcode Reader Market:

A new market research report published by Future Market Insights (FMI) on the global image based barcode reader market report provides extensive insights into the market demand trends and analysis of opportunities over the forecast period. The report analyzes the image based barcode reader market through seven different segments – imaging type, product type, end use, technology, connectivity, sales channel, and region. The image based barcode reader market report also offers in-depth assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of image based barcode readers and product adoption across several end-use industries.

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Arthroscopy Visualization Systems Market Expected to Witness a CAGR of 7.1% through 2022-2032 | Future Market Insights

According to Future Market Insights’ latest industry analysis, the market size for the global arthroscopy visualization systems market is expected to reach US$ 453.8 Mn in 2022. It is projected to exhibit growth at a CAGR of 7.1% over the forecast period, with estimated market size of US$ 902.5 Mn in 2032.

The high demand for arthroscopy visualization systems due to an increase in arthroscopic surgical procedures has resulted in a growth in the demand for new, innovative solutions with distinctive features and USPs. FDA approvals must be obtained in order to guarantee the effectiveness and safety of new products and devices before they are developed and marketed. Therefore, it is anticipated to fuel market expansion in the projected years.

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The major factors driving the market’s expansion are the aging population, which increases the prevalence of musculoskeletal conditions like osteoarthritis and rheumatoid arthritis, technological advancements, and an increase in sports injuries for which arthroscopy procedures can avoid total joint replacements.

According to CDC research, there are around 35 children who pass away in the US every day as a result of sports-related injuries. Children under the age of 19 are disproportionately affected, accounting for 9.2 million of these deaths.

The development of sporting activities has led to an increase in the number of young people participating in sports that cause accidents. According to the National Health Service (NHS), the majority of hip replacement surgeries are performed on patients between the ages of 60 and 80, since the elderly population has grown.

These factors thus present opportunities for the expansion of the overall arthroscopy visualization systems market.

Key Takeaways from Market Study

Visualization systems are the leading segment as products, and hold approximately 8% market share in 2021, owing to the growing incidence of chronic illness & joint issues, particularly in the elderly population.
Knee arthroscopy is the leading segment as application, and held about 7% market share in 2021, as the market has been driven by the rising incidence of osteoarthritis and the rise in sports-related injuries.
Orthopedic clinics are the leading end-users, withholding about 1% of the total segment market share due to the presence of advanced healthcare facilities and patients’ preference for specialty clinics over other healthcare facilities.
By region, North America is leading in the global arthroscopy visualization systems market, and is expected to continue to do so with a projected CAGR of 7% during the forecasted years.

“Increasing prevalence of osteoarthritis, and the technological advancements in arthroscopic visualization, are set to propel the sales of the arthroscopy visualization systems across the globe,” says an analyst of Future Market Insights.

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Market Competition

In order to stay competitive, key competitors are implementing strategies like new product launches, mergers and acquisitions, partnerships, and collaborations. Manufacturers of arthroscopy visualization systems should benefit financially from the growth of the soft tissue and anterior cruciate ligament repair markets.

In February 2022, Stryker Corporation acquired a digital care coordination and communication company called Vocera Communications, Inc. With this acquisition, Stryker is enabled to progress its inventions, speed up its digital ambitions, provide safer patient care, and help clients achieve better results.

Key Companies Profiled:

Arthrex, Inc.
Stryker Corporation
Smith & Nephew Plc.
CONMED Corporation
KARL STORZ GmbH & Co. KG
Olympus Corporation
Richard Wolf GmbH
Johnson & Johnson

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Key Market Segments Covered In The Arthroscopy Visualization Systems Industry Research

By Product:

Arthroscopes
Visualization Systems
Consumables & Accessories

By Application:

Knee Arthroscopy
Hip Arthroscopy
Shoulder Arthroscopy
Others

By End User:

Hospitals
Ambulatory Surgical Centers
Orthopedic Clinics
Others

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Sulfur Hexafluoride Market is Expected To See a Growth of 5.8% CAGR | Future Market Insights

The global sulfur hexafluoride market is poised for promising growth at a projected CAGR of approximately 5.8% during the course of forecast period (2019-2029). Favorable chemical properties and variegated end-use applications particularly electronic devices continue to supplement the growth of sulfur hexafluoride market.

Key Takeaways of Sulfur Hexafluoride Market Study

Role of sulfur hexafluoride in developing electronic circuits is the growth engine of the market.
Chemical inertness, non-toxicity, high density, and high dielectric strength are highly sought-after attributes of sulfur hexafluoride.
Electronic grade sulfur hexafluoride contributes substantially to the overall demand.
Asia Pacific carves out approximately 45.8% revenue share in the global sulfur hexafluoride market.
Europe will exhibit relatively sluggish market growth owing to stringent government regulations.

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Key players must adopt multipronged strategies such as joint ventures and product development for competitive leadership. These strategies are fundamental to fortifying their foothold in the global sulfur hexafluoride market.

Asia Pacific Accounts for 45.8% Share in Sulfur Hexafluoride Market

On account of enormous regional population, power and energy demand is soaring in Asia Pacific. Being a leading end-use application of sulfur hexafluoride, power & energy generation industry is supporting the growth of regional market. Hence, Asia Pacific sulfur hexafluoride market garnered approximately 45.8% market share in 2018.

The sulfur hexafluoride market is Europe will relatively be slow during the forecast period owing to environmental implications associated with the product. Moreover, stricter norms set down by governing bodies are limiting the sulfur hexafluoride market growth in the region. However, improved sustainable practices in certain domestic markets such as the United States will contribute to steady market growth in the country.

Sustainable Practices Remain Key Agenda of Industry Leaders

Some of the key players featured in this FMI study include, but are not limited to, Advanced Specialty Gases, Air Liquide, Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Solvay S.A., Praxair Technology, Inc., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.

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The global sulfur hexafluoride market is fragmented in nature. Reusing sulfur hexafluoride and incorporating latest technology is the key forte of market leaders. For instance, Solvay reclaims and reuses sulfur hexafluoride gas worldwide to comply with stringent environmental norms. Other players opt for collaborations to strengthen their market presence.

Sulfur Hexafluoride Market: Segmentation

The global sulfur hexafluoride market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Grade

Technical
Electronic

By Application

Electrical Transmission and Distribution
Semiconductor Manufacturing

More about the Report

FMI’s study offers an in-depth market forecast and analysis on the global sulfur hexafluoride market. The major categories encompassed by the report include grade (technical, electronic), application (electrical transmission and distribution, semiconductor manufacturing) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).

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Submersible Pump Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2031

The submersible pumps market is expected to register year-on-year growth at 4.6% in 2021, with the overall valuation totaling US$ 8.80 Bn in 2021. As per a recent analysis by Future Market Insights (FMI), sales of submersible pumps are expected to increase at 5.1% CAGR between 2021 and 2031.

According to the study, the overall submersible pumps market valuation is forecast to top US$14.45 Bn by 2031. Borewell submersible pumps will remain highly sought-after. Meanwhile, the sales of open well submersible pumps will increase at a steady pace, exhibiting growth at a 5.7% CAGR in between 2021 and 2031.

Base Year Value (2020A) US$8.42 Bn Estimated Year Value (2021E) US$8.80 Bn Projected Year Value (2031F) US$14.45 Bn Value CAGR (2021-2031) 5.1% Collective Value Share: Top 3 Countries (2021E) 33.5%

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In the last few years, water stress has been a leading concern across the world, which has in turn fuelled the demand for new water sources to fulfill the industrial as well domestic water need. Waste water treatment is becoming more popular around the world as means to relieve water scarcity, which is also driving the global submersible pumps markets.

Sales of submersible pumps were however dampened due to the outbreak of the COVID-19 pandemic. Disruptions in supply chain and suspended production activities in the oil and gas sector resulted in stagnated demand for submersible pumps.

Submersible pumps manufacturers are focusing on launching cost-effective and high efficiency products to improve sales. Governments of emerging economies in Africa and Asia, particularly in countries such as India, China and South Africa, are increasing efforts to improve access to drinking water in rural as well as urban areas, which in turn is benefiting the market.

“Initiatives undertaken by governments for waste water management and encouraging the use of technologically-driven equipment in agricultural sector are expected to spur the demand for submersible pumps,” said Future Market Insights analyst.

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Key Takeaways:

By product type, borewell submersible pumps are expected account for half of the global market in terms of revenue by the end of the forecast period. By head type, above 100 m pumps are expected to gain popularity over the forecast period owing to increasing demand for water distribution application. By Application, demand from municipal sector is anticipated to grow at 5.5% CAGR over the forecast period. East Asia has the leading share in terms of volume. However, Europe is projected to account for highest value share. Industrialization in emerging economies of Asia will increase the demand for submersible pumps over the forecast period. China and Japan will continue spearheading growth in East Asia.

Competitive Landscape

Some of the key submersible pumps manufacturers include

Kubota Corporation, Wacke Neuson Group, Atlas Copco, ABKSB SE & Co. KGaA, Xylem Inc.,Ebara Corporation, Grundfos, Sulzer AG, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd. Kriloskar Brothers Ltd., Flowserve Corporation.

The global submersible pumps market is fairly fragmented owing to the presence of several players across the globe. Moreover, leading share in the market is accounted by unorganized players which is estimated to be at around 50%-55%. Key market players are focusing on research and development to expand their product portfolio. Besides this, they are actively investing in mergers, acquisitions, and strategic collaborations to expand their global footprint.

Submersible Pumps Market by Category

By Product Type:

Non Clog Submersible
Open Well Submersible
Bore Well Submersible

By Head Type:

Below 50 meter
50 m- 100 m
Above 100 m

By Application:

Agriculture
Industrial
- Oil & Gas
- Firefighting
- Mining
- Construction
- Other Industrial
Municipal
- Water Supply & Distribution
- Wastewater Management

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
MEA

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Feldspar Market to Grow at a Rate of 5.5% by 2022-2029 | Get Customized Reports by FMI

Future Market Insights (FMI) recently published a detailed business intelligence study on global demand for and application of feldspar in various industries. The study reveals that the global feldspar market size reached around US$ 1.3 Bn in 2018.

Robust advancement in construction and development of both commercial and residential sectors are triggering the sales of feldspar, which is widely used in making ceramic tiles. However, recycling of glass and ceramic, mining costs, and volatile logistics are some of the foremost restrains which are expected to hinder the growth of the feldspar market.

An increase in the demand for real estate and revival of the U.S. economy exert the demand for feldspar on the ceramics industry, which will further expand North America’s feldspar market.

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Key Takeaways – Feldspar Market Study

The global feldspar market is projected to grow at a CAGR of 5.5% over the forecast period (2019-2029).
Europe’s feldspar market accounts for 59% of the global market value, owing to emergence of Germany as one of the top producers of feldspar.
Feldspar market in Germany was valued to be US$ 12 Mn in 2018, due to increasing demand for glass and ceramics in global automotive, construction and electronics industries.
High growth opportunities are expected in APEJ, owing to rapid expansion of construction industry and increased government investments in infrastructural projects.
Stringent environmental regulations on mining of feldspar are expected to hinder the market growth.

Potassium Feldspar to Hold Relatively Large Share

The FMI study finds that potassium feldspar account for higher share than its plagioclase counterpart. Strong global focus on harnessing solar energy is significantly contributing to demand for K-feldspar, which is commonly used in solar glass to produce solar cells.

In addition, increasing utilization of post-consumer glass collected via neighborhood and local government recycling programs will continue to intensify competition for raw materials such as feldspar in the manufacturing of glass containers. However, it is imperative to note that the presence of substitutes such as nepheline syenite is projected to negatively impact the demand for feldspar.

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Feldspar Market: Segmentation

The global feldspar market is segmented in detail to cover all aspects of the market and provide a detailed market research insights to readers.

By Product

K-Feldspar
Plagioclase Feldspar

By Application

Glass
Ceramic
Construction
Decorative
Electrical

Feldspar Market Remains Highly Consolidated

The global feldspar market is highly consolidate, making it difficult for new companies to enter the marketplace. Some of the major companies dominating the market are Quarzwerke GmbH, I-Minerals Inc., Feldspar Corp., Quartz Corp., Adolf Gottfried Tonwerke GmbH, Imerys S.A., EczacibasiEsan, Granite Rock Company, LB Minerals, SCR-Sibelco NV, U.S. Silica Company, SP Minerals, Pacer Corporation, and Sunminerals.

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To stay ahead of pack, manufacturers are targeted towards stronger foothold on the global market along with competitive pricing strategy. These factors played an important role in Quartz Corp’s decision to increase the price of feldspar by 5% to 10%, effective from 1^st January 2020. Such strategic move is likely to influence other manufacturers and suppliers to bring high quality products to the market at affordable prices.

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Polycarbonate Sheets Market to Display Impressive Growth of 4.3% with Rising Demand | FMI

Global polycarbonate sheets market is set for propitious growth, invigorated by promising demand from automotive and building & construction industries. Witnessing a projected CAGR of 4.3% over 2019-2029, this billion-dollar industry will receive noteworthy momentum from Asia Pacific market.

Expediting infrastructural activities in developing countries continue to create lucrative white spaces for manufacturers of polycarbonate sheets.

Globally leading manufacturers of polycarbonate sheets must plan massive investments in strengthening their supply chain across Asia Pacific to capitalize on surging demand.

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Key Takeaways of Polycarbonate Sheets Market Study

Crucial attributes such as high impact resistance, thermal insulation, and dimensional stability are boosting the demand for polycarbonate sheets.
Polycarbonate sheets are set to become a preferred alternative for acrylic and glass because of low maintenance cost and degradation over time.
Low carbon emission is prompting manufacturers to accelerate the adoption of polycarbonate sheets.
Role of polycarbonate sheets in manufacturing sturdy, lightweight and eco-friendly automotive components will steer the demand through 2029.
Increasing usage of polycarbonate sheets in commercial and residential spaces for cladding and roofing applications will exhibit promising growth through the forecast period.
Gains in polycarbonate sheets market will remain concentrated in Asia Pacific through 2029.
Fluctuation in raw material prices will hinder the growth of polycarbonate sheets market during projection period.

Asia Pacific Garners over 43% Share in Global Market

Consumers in Asia Pacific (APAC) would be the key demographic for polycarbonate sheet manufacturers. Increasing net worth income of consumers in emerging Asian economies is capturing the attention of global market leaders.

APAC continues to account for more than 43% of the total market value. Moreover, rapid industrialization is accentuating the demand for polycarbonate sheets. Strong government impetus and supporting policies are facilitating the growth of polycarbonate sheets market in this region.

In view of maturing end-use industries such as automotive and construction, polycarbonate sheets market in Europe and North America is relatively saturated. However, the packaging industry in these two regions will offer new growth opportunities on account of heightened demand from nuclear families.

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Industry Leaders to Unlock Profitable Avenues through Product Innovation

Major players profiled in this study, include but are not limited to, Trinseo, Spartech, Mitsubishi Gas Chemical, Evonik Industries, SABIC, Arla Plast, 3A Composites, Covestro, Excelite, Gallina India, and Palram Industries.

Leading players continue to diversify their product portfolio, especially in Asia Pacific. In view of enormous population, wide range of application-specific polycarbonate sheets will cater to variegated end-use segments.

For instance, Covestro launched new polycarbonate thermoplastics under the series ‘Makrolon’ which cater to various applications such as LED lighting, architectural glazing, eyewear, electronics, sporting equipment, automotive headlamps, and medical devices. Moreover, global players must collaborate with regional manufacturers to expand their market foothold.

Market Segmentation

The global polycarbonate sheets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Type:

Solid
Multiwall
Corrugated

End-Use:

Building & Construction
Automotive
Electrical & Electronics

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More About the Report

FMI’s study offers an in-depth market forecast and analysis on the polycarbonate sheets market. The major categories encompassed by the report include end-use (electrical & electronics, automotive, building & construction), type (solid, multiwall, corrugated) across five regions (Europe, Middle East & Africa, Asia Pacific, North America, Latin America).

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Power Tool Gears Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2030

Power tool gears are very integral component of power tools, whose basic function is to provide transmission in the tool. Power tool gears are available in different type of sizes according to end use application. Power tool gears have different type of shapes such as helical, spiral, among others. Power tool gears Market are made up of stainless steel or tough alloy body in order to affording extend durability and high quality finishing. Power tool gears has proper segmented edges that provides successful transmission in the tool.

In current scenario, due to rapid modernization and demand of do it yourself (DIY) from domestic to commercial sectors, significantly increases the demand for power tools which in turn boost the growth of power tool gears market.

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Power Tool Gears Market: Market Dynamics

In emerging economies, labor costs are usually low as compared to automated tools and systems. However, with the increase in production and operation process rates, preference of automated tools over manual labor has been envisaged by the manufacturers. Over the next five years, the global power tools industry is projected to be valued at US$ 25.7 Bn due to increasing demand from emerging markets, specifically due to rapidly growing residential construction work in China and India. This factor is expected to boost the growth of power tool gears market.

Improving economic conditions and rapid urbanization in emerging markets leads to the growth of the said market. Moreover, power tools are widely used to manufacture and assemble automobiles. Globally, the automotive industry has been enjoying a period of relatively strong growth and profits, consequently fuelling the demand for power tools, which in turn accelerate the growth of power tool gears market. Another reason which can be advocated for the favorable demand of power tool gears market is the scope of repair and replacement involved in the existing units.

Incessant competition between tool manufacturers is inhibiting growth of the Power Tool Gears market to a large extent. Moreover, evidence that imported steel prices are falling, and falling unfairly, can be witnessed from the declining imports and rapid growth in the number of unfair trade complaints filed in the U.S. during 2014, this factor is expected to adversely affect the growth of power tool gears market.

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Power Tool Gears Market: Segmentation

Power Tool Gears market can be segmented by product type, by end use and by sales channel:-

On the basis of product type, power tool gears market can be further segmented:

Bevel Gears
- Spiral
- Hypoid & Others
Spur & Helical Gears

On the basis of end use, power tool gears market can be further segmented:

Cordless
- Drills
- Sanders
- Saws
- Impact Drivers
- Impact Wrenches
- Hammers
- Air Ratchets
Corded
- Drills
- Sanders
- Saws
- Impact Drivers
- Impact Wrenches
- Hammers
- Dust Extractors

On the basis of sales channel, power tool gears market can be further segmented:

Online
Offline

Power Tool Gears Market: Regional Overview

Power tool gears market is expected to grow with relatively high growth rate in the emerging & developing economies of the world. In Asia Pacific, countries such as India and China are growing significant growth rate, owing to rapid growth in industrial & commercial sector. Moreover, in developed economy of Asia Pacific such as Japan, power tool gears market is estimated to grow, owing to increasing demand for power tools.

Increasing trend of do it yourself (DIY) in the developed regions such as North America and Western Europe are expected to propel the demand for power tools which in turn boost the growth of power tool gears market. Growing industrialization and urbanization in Middle East & Africa, indirectly affect the growth of power tool gears market over the forecast period. Other regions such as Eastern Europe and Latin America are anticipated to the growth of power tool gears market at moderate CAGR over the forecast period.

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Power Tool Gears Market: Market Participants

Examples of some of the market participants identified across the value chain of the global Power Tool Gears market includes:

Pragati Transmission Pvt. Ltd
Niranjan Engineering Company
Power Transmission Engineering
Precision Gears
Rochester Gear Inc.
HGears
Zhejiang Oliver Gear Manufacturing Co., Ltd.
Gleason Corporation

The Power tool gears market 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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Softgel Capsules Market to Hit US$ 3.1 Bn by 2032 | Exclusive Report by Future Market Insights

As per Future Market Insights’ latest industry analysis, the valuation for the global softgel capsules market was around US$ 1.7 Bn in 2021, and is projected to exhibit growth at a CAGR of close to 6.0% over the forecast period.

Recent years have seen a significant increase in interest in the oral delivery of medications with low water solubility due to the development of soft gelatin capsules (SGCs) delivery systems. This can be explained by the surge of low-solubility medications in the pipeline and the difficulties in creating bioavailable and consistent dose forms.

These drugs are encapsulated inside SGCs, which is a method employed to transport the active constituents to the systemic circulation, to overcome some formulation constraints. SGCs feature great dose accuracy and homogeneity, as well as higher consistency in manufacturing and product stability.

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This is crucial for drugs that are susceptible to oxidative and hydrolytic breakdown. The expanding cosmetics industry’s desire for soft gel capsules to supply cosmeceuticals in the form of capsules drives the growth of the worldwide soft gel capsules market.

The rising consumption of supplements in capsule form increases demand for soft gel capsules, propelling the global soft gel capsules market. The pharmaceutical industry’s use of soft gel capsules is also aided by improvements to the capsules’ outer shell and compatibility with the ingredients inside, which have become two of the market’s main growth drivers.

Owed to the aforementioned factors, the global softgel capsules market is set to reach an estimated valuation of US$ 3.1 Bn in 2032.

Key Takeaways from Market Study

Gelatin softgel capsules are the leading segment as product, and hold approximately 3% market share in 2021, owing to their property of increased bioavailability, and greater absorption.
Type-A gelatin (pork skin) segment is set to lead in terms of raw material for softgel capsules with a projected market share of around 5% by 2032, owing to the high availability of porcine sources of raw material globally.
By application, health supplements are leading in the global softgel capsules market, and are expected to continue to do so with a projected CAGR of 5% during the forecasted years, as they are easy to swallow and disintegrate quickly.
By end users, CMOs hold a dominant market share of 2% in the global market in 2021, owed to the lowered cost of production, and higher output.
Oral softgels are leading the market as route of administration, holding a share of around 7% in 2021, owed to higher patient preference.
North America is considered as the leading region with a global share of 7% in 2021, owed to the large number of available distributors for softgel capsules in the region.

“Rising prevalence of chronic diseases is promoting the adoption of softgel capsules with greater bioavailability, enhanced absorption, and a long shelf-life,” says an analyst of Future Market Insights.

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Market Competition

The market for softgel capsules is fragmented, and there exists a number of contract manufacturing players within the market sphere. Key players promote market expansion through novel product launch activities along with acquisitions and collaborations.

The delayed/enteric release softgel OptiGel® DR by Catalent was introduced in October 2020 for applications in pharmaceutical and nutraceutical applications.
Sirio Pharma Company Limited announced in July 2022 that Sirio will purchase 80% of Best Pharmaceuticals, a contract manufacturer of nutraceuticals and dietary supplements.

Key Companies Profiled