Market Research Blog – Page 9853 – New Product Development

Screw Compressor Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2032

Global sales of screw compressors are set to be valued at over US$ 14.8 Bn in 2022, with demand increasing at a 3.5% CAGR over the assessment period.

According to Future Market Insights, increasing use of screw compressors in the oil and gas, energy and transmission, and automotive and aerospace industries is the primary driver of the market. Oil-lubricated compressors are durable, dependable, and efficient, making them suitable for a wide range of manufacturing activities. Oil filters and dryers may remove any oil pollution from the end product, resulting in clean compressed air flow that is perfect for construction, waste management, quarrying, recycling, and a range of other applications.

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Manufacturers are adding new screw compressors to their product ranges. These air compressors are built to be exceptionally energy efficient; oil-injected screw compressors may reduce energy consumption by up to 50%. This effort increases the compressor’s efficiency by 15%, and it is designed to take up less space, make less noise, and provide 12% more free air than previous versions.

Due to its widespread use in most applications, “stationary” screw compressors have a higher relative relevance in the global screw compressor market. These compressors are an excellent choice for home or professional shops where the device does not need to move. Electric types are especially popular since they require less maintenance, can be used indoors, and are quieter than gasoline-powered models.

“Increasing adoption of rotary screw compressors across various industries, along with increasing popularity od strationary compressors will boost demand in the market over the forecast period,” says an FMI analyst.

Key Takeaways

Based on technology, demand for stationary compressors will create an absolute $ opportunity worth US$ 3.8 Bn over the forecast period.
In terms of end use, the energy and transmission sector will offer an absolute $ opportunity of more than US$ 1.4 Bn over the assessment period.
Sales of screw compressors in the U.S. will grow at a 2.9% CAGR through 2032.
Japan will dominate the East Asia screw compressor market, with demand growing at a 4.8% CAGR over the forecast period.
India wil emerge as a lucrative pocket, with sales projected to increase at a 4.1% CAGR over the assessment period.

Competition Landscape

Top players in the screw compressor market are expected to hold around 65%-70% of the total market share. These players are likely to invest in new technology developments and expansion of their distribution networks to maintain their market presence.

Some of the key players operating in the market include Atlas Copco, Hitachi, Ingersoll Rand, Emerson Electric Co., Baikin Industries, Siemes, KOBELCO, IHI Rotating Machinery, KAESER, Boge Komressoren, and others.

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Global Screw Compressor Market by Category

By Capacity:

Up to 5HP
5 to 50HP
50 to 250HP
Above 250HP

By Technology:

Stationary
- Oil Lubricated
- Oil-Free
Portable
- Oil Lubricated
- Oil-Free

By Stage:

Single Stage
Two-Stage
Multi-Stage

By Driver Type:

Liquid Driven
Gas Driven
Electric

By Type:

Belt Drive
Gear Drive

By End-Use:

Oil and Gas Industry
Chemical Industry
Energy and Transmission
Automotive and Aerospace
Mining and Minerals
Other Manufacturing Industry

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
The Middle East and Africa

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About Us

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

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Variable Air Volume System Market 2022 Expectations & Growth Trends Highlighted Until 2032

Total sales in the global variable air volume system market are projected to reach a valuation of nearly US$ 12 Bn in 2022. Rising adoption of these systems in commercial and residential buildings is expected to drive demand at a 7% CAGR, with the market size surpassing US$ 15.5 Bn by 2032.

Rapid urbanization and infrastructural developments across the globe are expected to drive the variable air volume system market. Growing concerns regarding sustainability and energy consumption in residential and commercial sectors are further pushing sales in the market.

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The ongoing expansion of the healthcare and retail sector in countries in Middle East and Africa is expected to boost the adoption of variable air volume systems. Increasing development of commercial projects such as universities, shopping malls and hospitals in various countries in Middle East and Africa will augment the growth in the market.

Variable air volume systems have various advantages over constant air volume systems such as low energy consumption, reduced compressor wear, precise temperature control, less fan noise, and increased dehumidification.

These systems are being adopted in the food processing and packaging sectors where temperature control is required to maintain the quality of products. As these systems reduce energy consumption, demand is expected to remain high over the forecast period.

What are the Opportunities in the Variable Air Volume System Market?

Stringent regulations regarding sustainability and energy consumption in various countries are expected to create opportunities for growth in the market. In addition to this, rising investments in the development of infrastructural projects across the globe will boost the market in the forthcoming years.

Surging demand for single-zone variable air volume systems is projected to gain traction over the forecast period. These systems offer higher energy efficiency, less fan noise, and better dehumidification. The design of these systems is compact, which makes them easier to install and manage.

Further, increasing preference for centralized cooling systems in public places such as auditoriums, theatres, hotels, restaurants, malls, and supermarkets are pushing sales in the market. As per FMI, this trend is expected to continue over the forecast period.

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What are the Challenges in the Variable Air Volume System Market?

Complexity in the design of high volume variable air volume systems involves high capital investments, which is hindering the growth in the market. Providing adequate temperature control in multiple zones with different climatic conditions acts as a challenge in these systems.

Further, the installation of multiple ducts is a cumbersome process and requires extra fitting and redesigning in commercial spaces. This might negatively impact sales of variable air volume systems in the forthcoming years.

Why is the Asia Pacific Variable Air Volume System Market Considered Lucrative?

As per FMI, Asia Pacific variable air volume system market is projected to account for the maximum share in the global variable air volume systems market over the forecast period. Rapid industrialization in countries such as China, India, and South Korea is expected to bode well for the market.

Increasing establishment of commercial projects such as shopping malls, theatres, auditoriums, universities, hospitals, and offices will continue driving the adoption of variable air volume systems, thereby augmenting the growth in the market.

What will be the Demand Outlook in the North America Variable Air Volume System Market?

Sales in the North America variable air volume system market are anticipated to gain momentum in the forthcoming years due to growing preference for centralized cooling in residential and commercial spaces.

In addition to this, stringent regulations regarding energy consumption in the U.S. are compelling consumers and manufacturers to adopt single-zone variable air volume systems. These systems consume less energy and offer effective cooling in residential and commercial spaces. Driven by this, sales are expected to gain momentum over the forecast period.

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Market Competition

Schneider Electric, Vemco Inc., KMC Controls, Honeywell International Inc., Emerson Climate Technologies, Trane Inc., and Johnson Controls are some of the leading players operating in the global variable air volume system market.

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Blind Spot Detection Market 2022 Assessment and Key Insights Analyzed Till 2032

Over the forecast period of 2022-2032, the blind spot detection market is expected to grow at a CAGR of 13.9% to reach a valuation of US$ 8.1 Bn by 2032.

Several commercial vehicles are large in size and despite being well-equipped with mirrors, they have poor visibility which increase the risk of accidents. Drivers are unable to see areas adjacent to the vehicle thus side collision with the heavy vehicle is imminent. This is compelling all heavy duty manufacturers to install BSD, which is expected to bolster the growth in the market.

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Automobile manufacturers are subject to stringent passenger safety regulations and standards, which are imposed by various government bodies in various countries. During the forecast period, the automotive industry’s technological growth, focus to adopt advanced technologies, develop structured safety features, and a rising adoption of autonomous vehicles is anticipated to create opportunities for the blind spot detection market.

During the forecast period, the global BSD market is anticipated to be benefited from an increase in per-capita spending power in developing economies, as well as growing demand for premium and luxurious features in passenger vehicles.

“Rising demand for passenger vehicles equipped with ADAS is expected to fuel sales of blind spot detection systems. Besides this, stringent regulations regarding the adoption of safety systems in commercial vehicles will propel the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

By technology type, sales in the camera sensor segment are expected to grow at a 13.8% CAGR over the forecast period.
The U.S. will continue dominating the North America blind spot detection market, with total sales reaching a valuation of US$ 4 Bn in 2022.
By Region, Europe and East Asia is expected to remain key markets for BSD, about 60.0% of the total market share by 2032.
Based on vehicle type, the passenger vehicle segment is forecast to dominate the market with more than 69.2% of the total market share.

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Competitive Landscape

Texas Instruments Incorporated, Intel Corporation, NVIDIA Corporation, Continental AG, Magna International, and Mobileye are some of the key manufacturers of BSD system.

Manufacturers /developers of blind spot detection are focusing on mergers, acquisitions and collaborations with OEMs and start-ups to improve their product portfolios and to gain a competitive edge in the market.

ADAS Market by Category

By Technology:

Ultrasonic Sensor
Lidar Sensor
Radar Sensor
Camera Sensor
Infrared Sensor
Pressure Sensor

By Sales Channel:

Original Equipment Manufacturer (OEM)
Aftermarket

By Vehicle Type:

Passenger Vehicle
Heavy Commercial Vehicle
Light Commercial Vehicle

By Region:

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

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E-House Market Set to Exhibit Increase at a CAGR of 5.4% from 2022 to 2032 | Future Market Insights, Inc.

The global e-house market size is expected to be valued at US$ 1.6 Billion in 2022 and reach US$ 3.8 Billion in 2032. It is set to exhibit growth at a considerable CAGR of 5.4% in the forecast period from 2022 to 2032. The increasing electricity consumption and the urgent need to install new power grids are likely to drive the demand for e-houses in the near future.

Electronic house or e-house is a pre-tested, pre-assembled, and customized modular power substation. It is best suited for those locations that are very difficult to access or in situations that require interim solutions. It can be easily and rapidly installed owing to its high-quality design. It includes numerous modules that are equipped with various components, such as voltage Air-Insulated Switch gear (AIS), Gas-Insulated Switch gear (GIS), low voltage switch boards, power transformers, protection system, and variable frequency drives.

It is developed, manufactured, pretested, and assembled at a factory or an assembly yard before the delivery process. It can simply be connected to all the components and put on the site for operational purposes.

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Which are Some Prominent Drivers Spearheading E-House Market Growth?

The ease of installation, flexibility, and cost-effectiveness of e-house are set to propel the growth in this market. It can be easily installed in a small space owing to its simple foundation. It is extensively used in both industrial and utility applications for several benefits.

The rapid expansion of transmission capacity, disaster response, and planned maintenance are some of the major applications where e-houses are deployed. These are also used during unplanned repairs to provide temporary power supply.

Their ability to eliminate or reduce the requirement of extended electricity outages at the time of planned maintenance is expected to bode well for the e-house market growth in the future years.

What are the Challenges Faced by the E-House Industry?

The demand for e-houses had declined at a fast pace when the COVID-19 pandemic started back in December 2019. This mainly happened because of the high dependency on mining, electric utility, heavy industrial, and oil and gas sectors.

Travel restrictions and falling income of customers had also halted the expansion of the transportation sector and it has negatively impacted the oil and gas industry. This industry mainly uses e-houses for power distribution purposes and the halt of operations hampered the market.

However, at present, the COVID-19 situation is gradually coming back to normalcy, which is likely to propel the market in the evaluation period.

Why is the Middle East & Africa emerging as an Opportunistic E-House Market?

The Middle East & Africa is expected to generate the largest e-house market share in the forthcoming years. This growth is attributable to the increasing demand for e-houses from the utilities sector. In addition to this, the rapid expansion of the mining, as well as oil and gas industries in the Middle East is likely to fuel the market.

Iraq is anticipated to showcase lucrative growth in the upcoming years with the rising government investments in the upgradation of basic amenities, including power supply. The ongoing development of cost-effective e-houses is another crucial factor that is set to augur well for the regional market.

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How is North America Contributing to Growth of the E-House Market?

The increasing number of mining activities in the U.S. is projected to augment the sales of e-houses in North America during the evaluation period. The U.S. is considered to be one of the major producers of coal in this region. According to the U.S. Energy Information Administration (EIA), in 2020, the total productive capacity of coal mines was 933 million short tons (MMst) in this country. This number is expected to grow at a steady pace in future years, thereby fueling the regional market.

The presence of a well-established chemical sector in this region is another significant factor that is estimated to accelerate the market. Government agencies are also set to invest in the development of the oil and gas industry, which is likely to create new growth opportunities for key players in North America.

Market Competition

Some of the leading players operating in the global e-house market include ABB, Powell Industries Inc., Siemens AG, Meidensha Corporation, Atlas Electric, WEG Industries, Elgin Power Solutions, Eaton Corporation, General Electric, CG Power, TGOOD Global Ltd., and Schneider Electric SE among others.

Majority of the companies present in the global market are focusing on adopting multiple inorganic strategies, such as agreements and contracts to improve their existing product offerings and generate more shares. Some of the other key players are aiming to join hands with start-up companies to co-develop innovative products and expand their geographic presence.

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Key Segments Profiled in the E-House Industry Survey

By Voltage:

Medium Voltage
Low Voltage

By Product Type:

Fixed E-House
Substation

By Application:

Chemicals
Mining
Oil & Gas
Utilities
Others

By Region:

North America
Latin America
Western Europe
Easter Europe
APEJ
Japan
Middle East & Africa

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G-3 PLC Solutions Market Future Scenarios, Growth and Analytical Insights 2022 – 2032

The global G-3 PLC solutions demand is anticipated to grow at a considerable pace during the forecast period from 2022 to 2032. Growth in the market is driven by rising applications of G-3 PLC solutions across various verticals. Over the years, rapid advancements in technology has necessitated the use of innovative data transferring solutions like G-3 PLC that offer fast and reliable transmission across networks. G-3 PLC solutions have been specifically developed to address the difficult challenges of powerline communications.

G-3 PLC solutions or third generation power line communication systems are plug-and play modules utilizing existing electrical networks for carrying information, with minimum installation efforts. They offer the lowest total cost of ownership and independency on telecom operators. They have become ideal solutions to facilitate high speed, reliable, long-range communication over the existing power lines

G-3 PLC solutions incorporate OFDM (orthogonal frequency division multiplexing) with forward error connection technology (FEC), and repetitive coding, which allows end users to efficiently manage and monitor their overall electricity consumption. They provide robust connections between smart grid elements to allow the application of advanced billing and demand management techniques to customer loads,

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Rising usage of G-3 PLC solutions across various applications including smart metering, home automation, electric vehicle transmission, and network management is providing a major impetus to the growth of G-3 PLC solutions market and the trend is likely to continue in the future. Similarly, growing trend towards energy efficiency and green designs of residential and commercial buildings is projected to encourage the adoption of G-3 PLC solutions during the forecast period.

Which are Factors are Spurring the Growth of G-3 PLC Solutions Market?

Rising penetration of modern technologies like smart meters and smart grids, growing need for advanced power line communications systems, favorable government support, and innovation in G-3 PLC solutions are some of the major factors driving the global G-3 PLC solutions market.

G-3 PLC solutions offer various attractive features such as easy and cost-effective installation and wide range coverage using existing electricity distribution networks, which makes them ideal for usage across utilities.

During the last few years, demand for G-3 PLC solutions has witnessed a significant increase due to their adoption across smart grid infrastructures. They are being used to provide flexible connectivity and facilitate more efficient communication in different smart grid infrastructures. Increasing government investments in expanding smart grid infrastructures coupled with rising need for conserving energy will therefore continue to provide a strong thrust to the growth of G-3 PLC solutions market during the forecast period.

What really makes G-3 PLC solutions superior to other alternatives is the presence of an innovative technology that is extremely resistant to noise and disturbances. It allows G-3 PLC solutions to automatically adapt to fluctuations in network conditions and thus makes them highly stable. This is acting as a catalyst for the growth of G-3 PLC solutions market.

Similarly, penetration of technologies like artificial intelligence (AI) and internet of things (IoT) is anticipated to further encourage the adoption of G-3 Plc solutions during the forecast period.

What are the Challenges Faced by the G-3 PLC Solutions Industry?

Although G-3 PLC solutions have numerous applications, there are various obstacles likely to pose a challenge to market growth. One such major obstacle is the poor penetration of smart meters and smart grid networks across various emerging economies.

What Makes North America an Attractive Market For G-3 PLC Solutions?

North America will continue to remain the most dominant market for G-3 PLC solutions during the forecast period, owing to the rapid advancement in technology, increasing penetration of smart meters and smart grids, and heavy presence of leading market players.

G-3 PLC technology has become highly popular across the United States in recent years. It is being increasingly adopted by leading end use verticals to facilitate faster data transfer through power transmission lines. It helps companies to significantly minimize the overall costs.

The ever-increasing trend of smart grid innovation and growing focus towards energy conservation will continue to boost the growth of G-3 PLC solutions market across North America during the forecast period.

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What is the Growth Projection for Western Europe Market?

According to Future Market Insights, Western Europe was the second largest market for G3-PLC solutions in 2022 and is projected to grow at a considerable pace during the forecast period. Growth in the market is attributed to the high adoption of power line communication technology-based products for advanced metering, faster communication, and network expansion applications.

Service providers in countries like the United Kingdom and Germany are increasing employing G-3 PLC solutions to collect meter data faster with fewer errors and in a more secure way. These solutions offer higher band width which allows long distance data transmission over medium voltage lines and thus significantly minimizes the overall costs.

Market Competition

Some of the key participants present in the global G-3 PLC solutions market include Maxim Integrated, Microchip Technology Inc., Analog Devices Inc., Infineon Technologies AG, Texas Instruments Incorporated, STMicroelectronics, RS Components Ltd, ON Semiconductor, and Ambiq Micro, among others.

These leading players are constantly innovating to develop better and efficient solutions that can meet end users’ demands. Besides this, they have adopted growth strategies such as partnerships, collaborations, acquisitions, and new facility establishments across emerging markets of Asia, Africa and the Middle East to gain a competitive edge in the market.

Key Segments Profiled in the G-3 PLC Solutions Industry Survey

By Frequency Band:

49 MHz to 20.7 MHz
10 kHz to 490 kHz

By Operating Temperature:

-40°C to 85°C
-40°C to 105°C

By Application:

Smart Metering
Network Management
Professional Services
Consumer Applications
Smart Grid Communications

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Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East & Africa

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Mining Hoses Market Insights, Deep Analysis of Key Vendor in 2022-2032

As per the research at FMI, the mining hoses market was valued at US$ 370.86 Million and is predicted to reach US$ 616.43 Million by 2032, growing at an average 5.6% CAGR.

Increased production of various minerals such as copper, gold, and iron, including some product manufacturing companies implementing mining programs, are driving the mining hoses market.

The booming construction sector as developing countries like India and China build and reform their infrastructure to support consistent economic development along with building and repairing highways is also flourishing the growth of the mining hoses market in new markets.

Cost-effective and environmentally friendly construction techniques are integrating with modern construction practices, including transportation and building, which are driving the market’s growth and expanding its market size worldwide.

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Increased production of minerals and mineral-based products like mineral powders in emerging economies like India and China are opening up new market spaces for the mining hoses market, enhancing the sales of mining hoses solutions.

The use of hoses is an integral part of most equipment in mines, along with surface operations, industrial hoses, and shops, fuelling the sales of mining hoses in multiple regions.

KEY TAKEAWAYS:

The slurry segment from the mining hoses market’s transporting media category is expected to grow at the fastest CAGR of 6.3% in the service type category, helping it to reach US$ 110.1 Mn.
The synthetic rubber segment is expected to grow at a strong CAGR of 7.19% in the component category of the mining hoses market. USA, Canada, Japan, China, and Europe hold a 6% CAGR that is estimated for the slurry segment of transporting media category.
United States is expected to reach a market size of US$ 83.2 million in mining hoses by 2032.
The market size of the mining hoses market in China is expected to reach US$ 152.3 Million by 2032, growing at a CAGR of 9.1% during the research period.
Canada’s mining hoses market is expected to thrive at a CAGR of 5.3% over the forecast period.
Japan’s mining hoses market is expected to flourish at a CAGR of 3.2% during the research period (2022-2032).
While Germany within Europe grows slowly at a CAGR of 3.7% between 2022 and 2032.

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COMPETITIVE LANDSCAPE:

Some of the mining hoses market’s key competitors profiled in the research are AlfaGomma SpA, Continental Group, Eaton Corporation PLC, Weir Group PLC, Trelleborg AB, Goodall, Metso Corporation, TESS International, and Novaflex Inc.

Key segments

By Transporting Media:

Industrial Water/Alkali
Bulk Water
Slurry

By Material:

Natural Rubber
Synthetic Rubber

By Region:

North America
South America
Europe
Asia Pacific
Middle East & Africa

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Recent Developments

Continental Group has introduced its new series of material handling, dredge & mining hoses, increasing the sales of mining hoses.
Eaton Corporation PLC has launched and upgraded its new set of hoses, tubing, connectors, and fittings. This pushes the sales of mining hoses worldwide.
Metso Corporation has launched its Slurry hoses that have a high standard of quality and safety, fuelling the sales of mining hoses worldwide.
Weir Group PLC has launched its series of hose and pipe spools that are robust & reliable rubber hose products, pushing the overall demand for mining hoses.
Trelleborg AB has launched and designed new and better hoses with high manufacturing quality for specific industries. This pushes the demand for mining hoses in new markets.

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3D NAND Flash Memory Market 2022 New Technological Development Projecting Massive Growth till 2032

The global 3D NAND flash memory market is expected to exceed US$ 20.6 billion by the end of 2022 . Sales of 3D NAND flash memory are expected to generate an incremental opportunity of US$ 86 billion by 2032, growing at an exponential CAGR of 17.4 % between 2022 and 2032. The market is expanding due to increased demand for data storage devices with large storage capacities in the electronic sector.

Future Market Insights has recently published a market research report on Global 3D NAND Flash Memory market. The study presents a detailed analysis on the historical data, current and future market scenario for the 3D NAND Flash Memory market.

A non-volatile data storage method known as 3D NAND flash memory employs many layers of memory cells layered three-dimensionally. Memory cells are shifted to a three-dimensional structure in order to significantly increase density by stacking cells either vertically or horizontally on top of one another to conduct charge through NAND strings.

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The report presents an in-depth analysis of key growth drivers and trends that are likely to impact the market in upcoming years. With the adoption of cloud computing and artificial intelligence, the technology industry is expected to witness a healthy growth over the forecast period. Increasing competitive pressure and advanced digital transformation in the area of data analytics and artificial intelligence are likely to improve the growth outlook for the 3D NAND Flash Memory market in the upcoming decade.

According to the FMI’s report, Changes in consumer behavior, robust product innovations, and expanding distribution networks continue to influence growth of the 3D NAND Flash Memory market. FMI’s analysts rely on unique research methods and comprehensive data study of the current and upcoming trends of the 3D NAND Flash Memory market report and gather data from a wide range of primary and secondary sources.

Impact of COVID-19 on 3D NAND Flash Memory Market

With the onset of COVID-19, there has been a significant impact on the technology sector. Disruptions of electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, there has been a positive impact on the industry with the adoption of remote working. Rapid focus on integrating digital techniques and big data analytics in IT services and technology industry are expected to result in a healthy outlook.

FMI’s recently published report has a chapter exclusively dedicated to COVID-19 impact analysis. This is intended to aid 3D NAND Flash Memory market stakeholders in deploying innovative strategies to overcome the challenges that are likely to affect the 3D NAND Flash Memory market.

3D NAND Flash Memory Market : Competitive Analysis

The FMI’s 3D NAND Flash Memory market report provides a detailed analysis of prominent players as well as emerging companies operating in the 3D NAND Flash Memory market. Some of the key players are:

Samsung Electronics Co. Ltd
Micron Technology Inc.
Toshiba Corp.
SK Hynix Inc
SanDisk Corp.
Apple Inc.

With an extensive SWOT analysis, the FMI’s study provides the strengths, weaknesses, growth prospects and product expansion within the players. The report also offers key players marketing strategies, recent mergers and acquisitions and pricing strategy to gain a competitive edge in the industry.

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Key Segments Profiled in the 3D NAND Flash Memory Market Survey

By Type:

Single-Level Cell
Multi-Level Cell
Triple-Level Cell

By Application:

Camera
Laptops & PCs
Smartphones & Tablets
Others

By End User:

Automotive
Consumer Electronics
Enterprise
Healthcare
Others

By Region:

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

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IoT Network Management Market – Business Opportunities and Global Forecast 2022 to 2032

According to the IoT network management industry analysis by Future Market Insights (FMI), the demand registered in the IoT network management market will grow at a noteworthy CAGR of around 23.3% from 2022-2032. The report states that the market is expected to reach a valuation of US$ 5.1 Bn by the end of 2022 and US$ 41.5 Bn by 2032.

IoT networks are rapidly expanding across the globe, allowing businesses, and industries to control and/or monitor a broad range of smart gadgets. With any network technology, speed and responsiveness are crucial for accurate and dependable IoT device performance.

IoT networks, on the other hand, have a variety of network performance issues due to the presence of heterogeneous and resource-constrained devices communicating through error-prone radio channels and frequently deployed in hostile environments.

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The Internet of Things (IoT) tangibly solves significant business problems in a variety of industries. Healthcare, smart cities, building management, utilities, transportation, and manufacturing are among the early users of this technology, attesting to its numerous advantages.

But the amount of threats and cyberattacks directed at IoT devices and networks is on the rise in both number and complexity. Attacks like IoT botnets, DNS threats, IoT ransomware, IoT physical security and shadow IoT are on the rise in IoT devices, connected software and network connections.

Combining IoT solutions with edge processing technology supports in minimizing the vulnerabilities as edge security helps in protecting users and sensitive data. So there is an increased need to secure the devices and network and use them to strengthen network security. As a result, enterprises are deploying IoT network management solutions to protect devices against new security threats.

Key Takeaways:

By solution, demand in the network management platform segment is expected to grow at a CAGR of 24.4% through 2032.
Based on enterprise size, SMEs segment is predicted to be grow by 8.9X during the forecast period.
In terms of industry, the healthcare segment is predicted to grow at a CAGR of 29.9% between 2022 & 2032.
By region, North America accounted for the largest market share of around 32.3% in IoT network management market in 2021, whereas South Asia & Pacific region is showing highest growth of around 28.4% CAGR during the forecast period.

Competitive Landscape

IoT network management providers are focusing on strategies such as product innovation to improve their offerings and enhance their product portfolios to meet growing demand. Furthermore, a number of enterprises are partnering with technology experts to build their own IoT network management solutions. For instance:

In March 2021, BehrTech collaborated with WEPTECH, a pioneer in the development and manufacture of cutting-edge wireless communication technologies launched cost effective MYTHINGS certified gateway for Mioty which is a next-gen LPWAN protocol.
In March 2022, a strategic partnership was established between Sierra Wireless and T-Mobile to strengthen IoT connectivity solutions of Sierra Wireless by combining the IoT network management tools with LPWA, 5G coverage AND 4G LTE from T-Mobile’s powerful mobile network.

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Key Players

Cisco
kyndryl
Behrtech
IBM
Sierra Wireless
RAKwireless

IoT Network Management Outlook by Category

By Solution:

IoT Network Management Platform
Services

By Enterprise Size:

Large Enterprises
Small and Mid-Sized Enterprises (SMEs)

By Industry:

Manufacturing
IT & Telecom
BFSI
Healthcare
Transport & Logistics
Energy & Utilities
Retail
Others

By Region:

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

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I2C Bus Market Innovations, Technology Growth and Research 2022-2032

The global I2C bus market is expected to be worth US$ 7.57 billion in 2022, rising to US$ 12.44 billion by 2032. During the forecast period of 2022-2032, the market is expected to grow at a CAGR of 5.1%. One of the factors driving the I2C Bus market is the rapid growth of industries such as telecommunications, consumer electronics, and industrial electronics, which has resulted in the widespread acceptance of these buses.

A protocol has an important part to play in the embedded system design and without the protocol for increasing the peripheral features of microcontroller the power consumption and complexity in the design is seen to be increased.

There has been the advent of many protocols for the transferring of data between two systems one of them is the I2C bus protocol and the bus used is the I2C bus. An I2C bus is a bidirectional two-wired serial bus which is used to transport the data between integrated circuits.

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I2C Bus Market: Drivers and Challenges

There are many factors driving the market for I2C Bus, from which one of the major factor is that the industries like consumer electronics, telecommunications and industrial electronics is growing at a good rate which is leading to the adoption of these I2C bus market globally.

As there are many similarities between seemingly unrelated designs like some intelligent control, usually a single-chip microcontroller, to derive benefits from the similarities I2C bus are used. This acts as a driver for the I2C bus market and is leading to its growth.

Other drivers for the I2C bus are more on the performance and feature side. Some of them are like the simple 2-wire serial I2C-bus helps in minimizing the interconnections so ICs can have fewer pins and also do not have many PCB tracks.

The process which is followed results in smaller design and less expensive PCBs. The I2C bus also leads to be less expensive as it eliminates the need for an address decoders and other glue logic with the use of completely integrated I2C-bus protocol.

Some of the restraint for I2C Bus market have been related to the features regarding its structure. IE2C bus increases the complexity of firmware or low-level hardware. This in hand need the skilled professional for the design and repairs. This acts as a restraint for the market and also leads to slow growth of I2C bus market. The other restraint for the market has been the its function where it imposes protocol overhead which reduces its throughput.

I2C Bus Market: Key Players

Some of the key players of I2C Bus market are: NXP Semiconductors, and Texas Instruments Incorporated, and some of the potential manufacturers which are likely to enter the I2C Bus market are Soliton Technologies, Maxim Integrated Products, Inc., among others.

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I2C Bus Market: Regional Overview

On the basis of geography, I2C Bus market can be segmented into North America, Latin America, Western Europe, Eastern Europe, China, SEA and other APAC, Japan, and Middle East & Africa. Among various regions, North America I2C Bus market is seen to be leading in terms of value with U.S. I2C Bus market being the most attractive.

Also, the I2C Bus market in Japan and Western Europe is expected to be growing at the fastest rates due to the presence of tier-1 manufacturers in the region and increase in the number of consumer electronics buyers in which I2C Bus are used. I2C Bus market in North America and Western Europe is expected to be followed by China and Japan I2C Bus market.

The report covers exhaustive analysis on

I2C Bus Market Segments
I2C Bus Market Dynamics
Historical Actual Market Size, 2013 – 2017
I2C Bus Market Size & Forecast 2018 To 2028
Supply & Demand Value Chain
I2C Bus Market Current Trends/Issues/Challenges
Competition & Companies involved
I2C Bus Market Value Chain
I2C Bus Market Drivers and Restraints

Regional analysis for I2C Bus Market includes

North America Market
Western Europe Market
Eastern Europe Market
SEA and other APAC
Japan
China
Middle East and Africa Market

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I2C Bus Market: Segmentation

The I2C Bus market can be segmented into various segments but as per the market analysis the market for I2C Bus is most suitably segmented by mode, type, application, end-user, and region.

On the basis of mode the I2C Bus market can be divided into;

Standard-mode (bit rate up to 100 kbit/s)
Fast-mode (bit rate up to 400 kbit/s)
Fast-mode Plus (bit rate up to 1 Mbit/s)
Fast-mode Plus (bit rate up to 1 Mbit/s)
High-speed mode (bit rate up to 3.4 Mbit/s)
Ultra-Fast-mode (bit rate up to 5 Mbit/s)

On the basis of type the I2C Bus market can be divided into;

Bidirectional bus
Unidirectional bus

On the basis of application the I2C Bus market can be divided into;

System Management Bus (SMBus)
Power Management Bus (PMBus)
Intelligent Platform Management Interface (IPMI)
Display Data Channel (DDC)
Advanced Telecom Computing Architecture (ATCA)

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Inspection Lighting Fixture Market : Notable Developments & Geographical Outlook 2022 to 2032

The inspection lighting fixture market is projected to register a CAGR of 6.2% during the forecast period, up from US$ 6 Bn in 2021, to reach a valuation of US$ 11.8 Bn by 2032.

As a result of escalating competition, the inspection lighting fixture market is anticipated to exhibit encouraging growth prospects during the forecast period. In order to meet the demand for inspection lighting fixtures and increase customer accessibility in the global inspection lighting fixture market, new competitors are providing a range of options at competitive prices.

It is anticipated that sales of inspection lighting fixtures will increase significantly. In addition to this, demand for inspection lighting fixtures is rising on account of US$ 8.2 Bn by 2026. Increasing demand for inspection lighting fixtures is also projected to contribute to the growth of the inspection lighting fixture market share.

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Manufacturers in the inspection lighting fixture market got a bigger opportunity from which to serve the global demand for an inspection lighting fixture. The worldwide sales of inspection lighting fixtures are seeing increased competition.

With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for inspection lighting fixture more accessible to customers. The major factors driving the inspection lighting fixture market are the growing number of live music events and concerts.

Stringent government regulations regarding air, water, and surface disinfection, growing penetration and adoption of surgical lighting for minor and major surgical procedures, and the decreasing cost and increasing penetration of LEDs.

The sales of inspection lighting fixtures underlying potential include growing demand for inspection lighting fixtures from end-use industries and rapid expansion in new applications. General Electric Company, Hubbell Lighting, Inc., Crompton Greaves Ltd., Acuity Brands, Inc., Cooper Lighting, LLC, Panasonic Corporation, CREE Inc., American Electric Lighting, Acuity Brands Lighting, Inc., and Juno Lighting Group are some of the leading participants in the inspection lighting fixture market.

What are the Key Propellers to the Inspection Lighting Fixture Market Share?

Sales of inspection lighting fixture drivers market include the growing demand for inspection lighting fixture in industrial, mining, and excavation applications. Another element driving the global sales of inspection lighting fixture is the optimization of industrial operations.

In addition, the demand for inspection lighting fixture is becoming common in various areas, such as construction and infrastructure. In addition, governments throughout the globe are focused on infrastructure development, which necessitates the sales of inspection lighting fixture.

Additionally, the rising penetration of the inspection lighting fixture market in aerospace and defence is likely to provide growth prospects for the inspection lighting fixture market throughout the forecast period leading to improved sales of inspection lighting fixture.

Due to the growth of various industries, the demand for inspection lighting fixture is propelling with a wide range of applications. Another reason for the noticeable sales of inspection lighting fixture is the potential rise in the next years.

During the forecast period, however, the sales of inspection lighting fixture is likely to be hampered by poor awareness among the general public and high import charges, impacting the sales of inspection lighting fixture.

Furthermore, demand for inspection lighting fixture solution manufacturers’ installation and customization services may be rather costly, and this factor is expected to limit the worldwide inspection lighting fixture market growth.

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Which is the Key Inspection Lighting Fixture Market?

The Middle East and Africa, North America, Latin America, Western Europe, Eastern Europe, East Asia Pacific, South Asia, and Oceania are the eight areas that make up the inspection lighting fixture market.

Because of the strong demand from the end-use sector in this region, Western Europe and North America are likely to have significant sales of the inspection lighting fixture of the worldwide inspection lighting fixture market during the forecast period.

Due to strong industrialisation and increased demand for inspection lighting fixture from other end-use industries, Asia Pacific is likely to rise rapidly. The rest of the globe is thought to make up a modest portion of the inspection lighting fixture market share

Who are the Key Players in the Inspection Lighting Fixture Market?

General Electric Company, Hubbell Lighting, Inc., Crompton Greaves Ltd., Acuity Brands, Inc., Cooper Lighting, LLC, Panasonic Corporation, CREE Inc., American Electric Lighting, Acuity Brands Lighting, Inc. and Juno Lighting Group are some of the leading participants in the inspection lighting fixture market.

Recent Developments of the Inspection Lighting Fixture Market:

Ushio has released the Zylight F8-B2 365nm Black Light, which is designed for live events, theatre, special effects, and movie production.
Getinge launched the Maquet PowerLED II Surgical Light, which provides surgical suites with clear, shadow-free illumination.
Zylight LLC, an award-winning maker of creative lighting systems for the entertainment sector, was purchased by Ushio. This would boost the company’s position in the entertainment business.
To meet the increased demand from industrial and aquatic applications, Aquionics, a Halma subsidiary, has built a new sales and service facility in Charlotte, North Carolina.
The Philips Vari-Lite VL1100 LED luminaire establishes a new level in high-quality LED moving head spotlights for stage and television applications, according to the firm.

Key Segments For Inspection Lighting Fixture Market

By Lens Type:

Clear acrylic
Clear acrylic with stripes
Clear polycarbonate
Clear polycarbonate with stripes
Clear Tempered Glass
Clear Tempered Glass with stripes
Others

By Quantity of Lights:

1 Light Inspection Lighting Fixture
2 Light Inspection Lighting Fixture
3 Lights Inspection Lighting fixture

By Application:

Aerospace
Mining
Healthcare Facility
Industry and warehouse
Construction
Excavation
Others

By Region:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

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

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