Future Market Outlook

The Advance Artificial Lift Systems Getting More Importance in Oil and Gas Sector 2018

The recovery of hydrocarbon resources from the reservoir occurs either through natural bottomhole pressure or by creating artificial pressure using artificial lift systems. The artificial lift systems market is expected to witness a moderate annual growth in coming years owing to strengthening of crude oil prices. According to Energy International Agency (EIA), Brent crude is anticipated to be traded at around $90 per Bbl by the end of 2025.

 

Although, a number of Enhanced Oil Recovery (EOR) techniques are available for increasing the amount of hydrocarbon recovery, but they are considered as tertiary recovery system. The artificial lift system on the other hand is a primary recovery technique, which provides low cost and effective means of maintaining the desired production rate in a well. 

 

An artificial lift system is utilized to overcome bottom-hole pressure during the phase when natural bottomhole pressure is not enough to support the flow of hydrocarbons from reservoir to the well bore. The artificial lift system enables to overcome downhole pressure in order to maintain the desired production rate from a producing well.

 

Artificial Lift Systems : Key Players

 

The global Artificial Lift Systems market witnessed key players such as Baker Hughes, Dover Artificial Lift, Flotek Industries, Inc., Halliburton Company, Kudu Industries, Schlumberger Ltd, Weatherford International, among others.

 

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The global artificial lift systems market has been segment on the basis of geography as well as on the basis of actuation mode used for artificial lift system. On the basis of actuation mode, the global artificial lift systems market has been segmented into pump assisted artificial lift system and gas assisted artificial lift system. The pump assisted artificial lift systems market has been further divided into four different systems, which include Rod Pump, Hydraulic Piston System, Electrical Submersible Pump (ESP), and Progressive Cavity Pump.  Further the gas assisted artificial lift system has been further segmented into two different types of systems – Gas Lift and Plunger Lift. Within the artificial lift systems market, rod pump has been the oldest types of methods that has been used across the industry. However, other artificial lift systems are expected to gain traction in the global artificial lift systems market in coming years.

 

In terms of geography, the global artificial lift system has been segmented into seven key geographical regions, which include, North America, Latin America, Western Europe, Eastern Europe, Asia Pacific (excluding Japan), Middle East & Africa, Japan. The artificial lift system has witnessed a larger market share, in terms of revenue, as compared to other regions across the globe. Increasing mature fields in regions such as Middle East, is expected to drive the market for artificial lift systems through the forecast period.

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The industry’s inclination and attempts to optimize upstream assets is one of the key drivers for the global artificial lift systems market. Additionally, the recovery in crude oil price after recent plummeting is also likely to drive investments in global artificial lift systems market. The desire to maintain the production rate in a well in addition to the cost effectiveness an artificial lift system provides as compared to tertiary recovery techniques, the artificial lift systems market is expected to witness increased revenue generation in years to come.

 

 

The Global Dominance of Wireless Microphone Market Worth US$ 4,496.9 Mn by 2028

Wireless Microphone Market.jpg

 

The introduction of digital wireless technology is augmenting the growth of the wireless microphone market. The implementation of wireless technology offers benefits such as low voice distortion, less noise interference, increased opportunity for encryption, and enhanced reliability of signal transmission. The adoption of digital wireless technology and the introduction of professional microphones without noise distortions at affordable prices will drive the global wireless microphone market.

 

The U.S, Japan, and China are the largest revenue generators in the wireless microphone market. Further, the economic development of the countries in Latin America and the Middle East and Africa, and the growth of the music industry in these regions will have a positive impact on the global wireless microphone market.

 

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According to the report titled “Wireless Microphone Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028,” the wireless microphone market is growing rapidly due to the changing technological environment that is intensifying the competition among players. According to the report, the global wireless microphone market is expected to witness a CAGR of 8.0% from 2018 to 2028. In 2017, the market was worth US$ 1,926 Mn and is expected to reach a valuation of US$ 4,496.9 Mn by the end of 2028.

 

Manufacturers are focussing on offering wireless microphones with high functionality and innovative design in order to acquire a large share in the global market. Some of the key players such as Shure Incorporated, DPA Microphones, RODE Microphones, Samson Technologies Inc., JTS Professional, Audio-Technica Corporation, Sennheiser electronic GmbH & Co. KG, AKG Acoustics, MIPRO Electronics, inMusic Brands, Inc. etc. are launching new products and entering into key partnerships in order to establish their foothold in the global market.

 

Given the improving economic conditions in certain regions and the introduction of innovative wireless technologies, leading players are focussing on expanding their businesses in emerging countries in APAC and Latin America. Vendors will try to distinguish their products and service offerings through a clear and unique value proposition during the forecast period. Prominent players and emerging companies are investing in the development of innovative products with advanced features and are also focussing on product portfolio upgrades to gain a larger market share in the global wireless microphone market.

 

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Availability of Low Quality Products to Restrain Market Growth - The cost of wireless microphones varies across regions as there is a large presence of several local players in the different regional markets. Sometimes, users from developing countries such as India tend to choose wireless microphones with lesser pricing, as they are ready to compromise on the brand and applications of the microphones. This can turn out to be a grave challenge for wireless microphone brands to maintain their sales especially in the Tier II and Tier III cities of developing countries.

Asia Pacific Excluding Japan to Witness High Pace of Growth in the Global Orthobiologics Market

The research report titled “Orthobiologics Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers annual sales revenue generated by various market segments during the period of assessment 2017-2027. Furthermore, developments taking place in the market, various trends impacting the performance of the market and other drivers fuelling revenue growth of the global orthobiologics market are enumerated in this elaborate research study. Certain challenges that are pulling market growth southward are also assessed in this report. The report presents a high-level overview of the global orthobiologics market to the reader and extends support in planning future moves by portraying an accurate forecast model of the global orthobiologics market.

Global Orthobiologics Market: Key Forecast Highlights

The global orthobiologics market research report features the current market scenario as well as the future growth prospects. According to this study, the global orthobiologics market is projected to grow at a CAGR of 3.5% throughout the period of assessment 2017-2027. In 2017, the global orthobiologics market was valued at US$ 4.8 Bn and it is estimated to reach a valuation of more than US$ 6500 Mn by the end of the assessment year (2027).

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Global Orthobiologics Market: Highlights on Different Segments

The global market for orthobiologics is segmented by product type, by end user and by region.

  • By region, North America is expected to be a highly lucrative market for orthobiologics. Several advancements in healthcare along with rising expenditure on research and development in this region are key parameters pushing the growth of the market upward. The orthobiologics market in North America is expected to reach a value over US$ 3 Bn by the end of the forecast period. The orthobiologics market in Asia Pacific excluding Japan (APEJ) is projected to rise at a higher CAGR of 4.4% during the period of forecast.

  • By end user, the hospitals and ambulatory surgical centres segments are expected to grow at the same pace during the forecast period. However, with respect to revenue, hospitals are a more lucrative option for orthobiologics manufacturers as they have reflected higher demand over the last few years. Orthopaedic clinics are also expected to witness significant growth and register a CAGR of 3.6% during the period of assessment.

  • By product type, the bone graft stimulators segment is the largest and is estimated to reach a market valuation of more than US$ 3 Bn by the end of 2027. Viscosupplements segment is the second largest and a highly lucrative segment expected to witness a higher pace of growth during the forecast period.

Global Orthobiologics Market: Growth Influencing Factors

Factors such as rising incidence of orthopaedic disorders leading to fractures, increasing incidence of sports injuries, rising adoption of orthobiologics material, rising demand for out-patient surgical procedures, increasing demand for orthopaedic surgeries owing to medical tourism and rising technological developments to enhance surgery time and efficiency are supporting the growth of the global orthobiologics market. But the market is not void of challenges. High cost of orthopaedic surgery, increasing competition causing price fluctuations, lack of awareness, uncertainty about efficacy, availability of alternative therapies and issues related to devices are posing restraints to the growth of the global orthobiologics market.

Global Orthobiologics Market: Competitive Assessment

The research report on the global orthobiologics market delivers a complete package of market intelligence by covering the analysis on participants in the market. Major companies profiled in this research report include Medtronic plc., NuVasive, Inc., Stryker Corporation, Zimmer Biomet Holdings, Orthofix International N.V., Anika Therapeutics, Inc., DePuy Synthes (Johnson & Johnson), Bioventus, Arthrex, Inc., SeaSpine Holdings Corporation, Sanofi-Aventis (Sanofi SA), Djo Global, Inc., Seikagaku Corporation, RTI Surgical, Inc., Heraeus Holding GmbH, Fidia Pharma USA Inc., TRB Chemedica International SA, Allosource, Musculoskeletal Transplant Foundation, Inc., and Ito Co., Ltd.

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Supercapacitors Market Expected to Reach US$ 5,529.2 Mn by 2028

Supercapacitors (also known as ultracapacitors), a type of capacitor, are energy storing components which have advanced features in comparison to conventional capacitors (electrolytic and ceramic capacitors), such as high energy density, faster charging and discharging, high power density, etc. A supercapacitor is made of electrodes, covered with a layer of activated carbon for increasing its surface area, and an electrolyte which acts as the separator or the dielectric, when compared to a convectional supercapacitor. Technological advancements have led to the introduction of two more types of supercapacitors, i.e. pseudo-capacitors and hybrid capacitors. Since their inception, due to the mixed features of a Li-ion battery and a supercapacitor, a high demand for hybrid capacitors is being witnessed in the market. Supercapacitors have applications across various industry verticals, especially in electronics, automotive and transportation, and energy and power. In addition to this, continuous research and development is under process for further enhancing the features of the product. Owing to this, graphene-based supercapacitors have also been launched in the market, which possess higher charge holding capacity when compared to hybrid capacitors. The market has witnessed considerable traction in the past, and is further expected to witness a boom during the forecast period.

The global supercapacitors market is expected to grow from US$ 908.1 Mn in 2018 to US$ 5,529.2 Mn by 2028, expanding at a CAGR of 19.8% in terms of revenue during the forecast period (2018-2028). In this report, the global supercapacitors market is tracked in terms of value, and is calibrated to obtain the market revenue estimates.

However, the high costs associated with the product and lack of awareness and resources in some countries, globally, and a higher preference for Li-ion batteries across some industry verticals are some of the major challenges that hamper the growth of the supercapacitors market.

To understand and assess the demand and opportunities in this market, the report is categorically split into four major sections, namely, market analysis – by type, by application, by vertical, and by region.

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On the basis of type, the market is segmented into electrical double layer capacitors (EDLC), pseudo-capacitors, and hybrid capacitors. The EDLC segment is expected to dominate the market throughout the forecast period, and enjoy a market share of 74.9% and 67.0% in 2018 and 2028, respectively.

On the basis of application, the market is segmented into consumer electronic devices, automobiles, grid stabilization, trains, locomotive systems (cranes and elevators), aircraft, and others. Consumer electronics is expected to dominate the market in the majority duration of the forecast period. The automobiles segment is expected to overtake the consumer electronics segment in the latter half of the forecast period, owing to the high CAGR associated with it. The automobiles segment is expected to grow from US$ 199.4 Mn in 2018 to US$ 1,673.2 in 2028.

On the basis of vertical, the market is segmented into automotive and transportation, industrial, electronics, energy and power, military and defense, aerospace and aviation, and others. The automotive and transportation segment is expected to dominate the market throughout the forecast period, and enjoy a market share of 29.0% and 39.1% in 2018 and 2028, respectively.

The section – market analysis by region, includes an in-depth country level analysis of all global regions, namely, North America, Latin America, Western Europe, Eastern Europe, SEA and Others in Asia Pacific, Japan, China, and MEA, by product type, by printing technology, by industry, and by country; and provides market data in terms of value for 2018-2028. In 2017, the market in North America dominated the overall global supercapacitors market (given Asia Pacific is considered separately as three regions, i.e. China, Japan, and SEA and Others of APAC), while the fastest growing region in the market is China. North America is further expected to hold a majority of the market share in 2028 as well.

The key players reported in this study on the global supercapacitors market are Maxwell Technologies, KEMET Corporation, Eaton, AVX Corporation, CAP-XX, Murata Manufacturing Co., Ltd., Nippon Chemi-Con, Ioxus Inc, Panasonic Corporation, Blue Solutions, YUNASKO, VINATech Co., Ltd., FastCAP, LS Mtron, and Tecate Group.

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Lubricants for Cement Industry Market Global Recent Study 2018

Lubricants for Cement Industry MarketCement and concrete manufacturing involves numerous operations that involves operations and related process in harsh physical conditions such as heavy loads, extreme temperatures, exposure to various elements and in the constant pressure of contaminants such as cement dust. In order to achieve a seamless operation and saving abrasion of machine components cement manufacturers uses wide range of integrated equipment such as crushers, ball mills, bucket elevators, kilns, vertical mills to name a few. Throughout the supply chain of cement manufacturing from quarry, crusher to final dispatching unit these equipment are used.

 

Cement manufacturing plant generally works round a clock and had a shutdown with a frequency of once a year. With round o’clock functioning these equipment are vulnerable and subjected to wear and tear which further increases downtime and maintenance cost. Also, the extreme condition such as high temperature and loads makes the maintenance & repair of machines a very difficult task. In order to reduce the maintenance cost & downtime various manufacturers used lubricants often referred as lubricants for cement industry that enables proper functioning of the equipment. Commercially there are numerous kind of lubricants for cement industry are available. Manufacturers develops the wide range of lubricants for cement industry having different grades tailor-made according to the need of various operations.

 

These lubricants for cement industry are available in different viscosities and made up from additives and base oil. The right lubricants for cement industry has to be selected in order to maintain the throughput of the cement operating plant at optimum level.

 

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Lubricants for Cement Industry Market: Drivers and Restraints -The demand for the lubricants for cement industry has continuously pursued by the cement plant operators as a part of maintenance activity of the machine components. Construction industry is continuously booming across the globe which creates demand for high quality construction materials and on-site production of blended cement and mortar which in turn is expected to fuel up the demand for lubricants for cement industry. Construction industry is anticipated to witness acceleration in large public infrastructural programs, which is expected to create public-private partnership opportunities & boosts the demand for lubricants for cement industry. 

 

Lubricants for Cement Industry Market: Region Wise Trends - The demand of lubricants for cement industry is totally dependent on the region or country’s construction industry. North America is expected to witness a noteworthy demand for lubricants for cement industry owning to growing demand from residential builders and educational institutes. Europe is always considered as one of the key region provides significant growth in the consumption of lubricants for cement industry as the countries in the region is well equipped with the advanced processing techniques MEA region is also expected to witness a substantial growth due to swelling construction industry and consumer demand for lavish and luxury apartments, which in-turn boosts the demand of lubricants for cement industry. Growing industrialization in Latin America & Japan region fuels the lubricant for cement industry market in respective regions. Developing economies such as India and China possess a significant growth in residential housing segment in order to accommodate its growing urban population.

 

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Examples of some of the market participants in the Global Lubricants for Cement Industry Market identified across the value chain include:- Total,Exxon Mobil Corporation,Kluber Lubrication,Chevron Lubricants,Whitmore,Petrol Corporation,Fuchs Petrolub,Matrix Lubricants,Cenlub

Increasing Demand from the Food and Beverages Industry in Developing Regions to Present High Growth Opportunities for the Global Banana Flakes Market

According to a report published by Future Market Insights titled “Banana Flakes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, the demand for banana flakes is likely to intensify over the coming years owing to the rising demand from new food outlets in developing regions as the expenditure power of consumers in those regions rise exponentially with every passing year. This factor will have a noteworthy impact on the sales of banana flakes across the developing regions as well as increase its revenue on a global basis. Food manufacturers from across the globe are focusing on the usage of fruit products as consumers become more health conscious. Thus, this is leading to a substantial rise in the sales of banana flakes across the globe, especially among the health conscious consumers. The expansion of quick service restaurants and food outlets across developing regions such as the Middle East and Africa and Asia Pacific has also led to a positive shift in the demand for banana flakes as a healthy alternate and option of fast foods.

The global banana flakes market is projected to exhibit a CAGR of 4.5% between 2017 and 2027. In 2016, the market was approximately worth US$ 600 Mn and is expected to rise to a valuation of around US$1 Bn by the end of 2027.

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Demand for Infant Nutrition Products to Bolster Revenue Growth of Market

There are several sectors under the food and beverages industry that have a high demand for banana flakes, one of them being the infant nutrition sector. The infant nutrition sector is an incessantly evolving sector and the competition among the vendors in this particular sector is also rising at a substantial rate. The growth of retail sales in this segment has further spurred the development of this industry, thus supplementing the demand of the food materials being used in this industry, one of them being banana flakes. Furthermore, banana flakes are highly used in the food industry in the production of breakfast cereals, thus triggering its demand globally.

Banana flakes are also considered significantly effective in controlling diarrhea and related diseases. According to a report by the World Health Organization, the second leading cause of the number of child deaths across the globe is diarrhea. In the last couple of years, banana flakes have been proven to be effective in controlling diarrhea after being fed to critically ill patients. As a result of the benefits, pharmaceutical companies are initiating on the production of banana flakes based medicines, consequently triggering the sales of banana flakes.

Asia Pacific to Lead in the Coming Years

Asia Pacific is anticipated to grab a major chunk of the pie among all regions. The growing demand for infant nutrition products, especially in China and India is likely to play a pivotal role in the growth of the banana flakes market in the region.  The inclination of consumers on healthy breakfast and quick bites is also acting as a supplementing factor for the global banana flakes market. However, factors such as the presence of an unorganized market for banana flakes in the region and the preference of banana flour over banana flakes are likely to act as roadblocks in the development trail of the banana flakes market in Asia Pacific. Nevertheless, the growing focus on the consumption of organic food products in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run. Banana flakes market APAC is estimated to reach a value of around US$ 560 Mn by 2027 and is projected to grow at a value CAGR of 3.8% during the forecast period.

Conventional Form to be the Most Preferred Source for Banana Flakes

Based on source, the global banana flakes market has been bifurcated into organic and conventional. Between these two, the conventional form is anticipated to be the most preferred one owing to its inexpensive nature. The conventional source segment is expected to dominate the global market with a high market valuation and is expected to grow at a moderate rate during 2017-2027.

On the basis of application, the market has been segmented into household, food and beverages, and others. The application of banana flakes will be extensively high in the food and beverages industry mainly owing to its use in cereals and bakery goods. The household application segment is expected to grow at a relatively high CAGR.

On the basis of distribution channel, the market has been divided into direct and indirect channel with direct channel leading among the two.

Companies Striving to Stay Competitive with Channel Expansion as a Core Strategy

In order to stay ahead in the game and surpass their companies, the companies are adopting new strategies such as expansion of consumer base in the global level and adopting different promotional techniques. Some of the key market players are Bardakci Group, Diana Foods, Ingredient Inc., Van Drunen Farms, Orchard Valley Foods Limited, Z Natural LLC, Rabeler Fruchtchips GmbH, Johs.Thoms GmbH & Co. KG, P&G Food Industries, and Top Line Foods.

Why Banana Flakes Market Will Witness a Staggering Growth During 2017 - 2027

According to a report published by Future Market Insights titled “Banana Flakes Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)”, the demand for banana flakes is likely to intensify over the coming years owing to the rising demand from new food outlets in developing regions as the expenditure power of consumers in those regions rise exponentially with every passing year. This factor will have a noteworthy impact on the sales of banana flakes across the developing regions as well as increase its revenue on a global basis. Food manufacturers from across the globe are focusing on the usage of fruit products as consumers become more health conscious. Thus, this is leading to a substantial rise in the sales of banana flakes across the globe, especially among the health conscious consumers. The expansion of quick service restaurants and food outlets across developing regions such as the Middle East and Africa and Asia Pacific has also led to a positive shift in the demand for banana flakes as a healthy alternate and option of fast foods.

The global banana flakes market is projected to exhibit a CAGR of 4.5% between 2017 and 2027. In 2016, the market was approximately worth US$ 600 Mn and is expected to rise to a valuation of around US$1 Bn by the end of 2027.

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Demand for Infant Nutrition Products to Bolster Revenue Growth of Market

There are several sectors under the food and beverages industry that have a high demand for banana flakes, one of them being the infant nutrition sector. The infant nutrition sector is an incessantly evolving sector and the competition among the vendors in this particular sector is also rising at a substantial rate. The growth of retail sales in this segment has further spurred the development of this industry, thus supplementing the demand of the food materials being used in this industry, one of them being banana flakes. Furthermore, banana flakes are highly used in the food industry in the production of breakfast cereals, thus triggering its demand globally.

Banana flakes are also considered significantly effective in controlling diarrhea and related diseases. According to a report by the World Health Organization, the second leading cause of the number of child deaths across the globe is diarrhea. In the last couple of years, banana flakes have been proven to be effective in controlling diarrhea after being fed to critically ill patients. As a result of the benefits, pharmaceutical companies are initiating on the production of banana flakes based medicines, consequently triggering the sales of banana flakes.

Asia Pacific to Lead in the Coming Years

Asia Pacific is anticipated to grab a major chunk of the pie among all regions. The growing demand for infant nutrition products, especially in China and India is likely to play a pivotal role in the growth of the banana flakes market in the region.  The inclination of consumers on healthy breakfast and quick bites is also acting as a supplementing factor for the global banana flakes market. However, factors such as the presence of an unorganized market for banana flakes in the region and the preference of banana flour over banana flakes are likely to act as roadblocks in the development trail of the banana flakes market in Asia Pacific. Nevertheless, the growing focus on the consumption of organic food products in developed regions such as Europe and North America is likely to open lucrative opportunity for market players in the long run. Banana flakes market APAC is estimated to reach a value of around US$ 560 Mn by 2027 and is projected to grow at a value CAGR of 3.8% during the forecast period.

Conventional Form to be the Most Preferred Source for Banana Flakes

Based on source, the global banana flakes market has been bifurcated into organic and conventional. Between these two, the conventional form is anticipated to be the most preferred one owing to its inexpensive nature. The conventional source segment is expected to dominate the global market with a high market valuation and is expected to grow at a moderate rate during 2017-2027.

On the basis of application, the market has been segmented into household, food and beverages, and others. The application of banana flakes will be extensively high in the food and beverages industry mainly owing to its use in cereals and bakery goods. The household application segment is expected to grow at a relatively high CAGR.

On the basis of distribution channel, the market has been divided into direct and indirect channel with direct channel leading among the two.

Companies Striving to Stay Competitive with Channel Expansion as a Core Strategy

In order to stay ahead in the game and surpass their companies, the companies are adopting new strategies such as expansion of consumer base in the global level and adopting different promotional techniques. Some of the key market players are Bardakci Group, Diana Foods, Ingredient Inc., Van Drunen Farms, Orchard Valley Foods Limited, Z Natural LLC, Rabeler Fruchtchips GmbH, Johs.Thoms GmbH & Co. KG, P&G Food Industries, and Top Line Foods.

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Why Banana Flour Getting More Importance in Food and Beverage Industry 2018

Banana flour is a powdered ingredient generally made from green banana or plantains. It is often used as a gluten free ingredient and added in various baked goods. Flour has a moisture content of about 4%-6%. A new research report by Future Market Insights, highlights the current scenario of the banana powder market and its demand and consumption in various applications. The report is titled Banana Flour Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)’, and presents a brief about every aspect of the global market. According to this comprehensive research report, the global banana flour market is expected to reach a market value of US$ 730 Mn by the end of 2027. The global banana flour market is anticipated to witness a growth at a sluggish CAGR of around 3.8% during the forecast period. The betterment in the market scenario with increasing adoption of banana flour in bakery and other end uses, will encourage the manufacturers and key businesses to be more innovative.

 

Global Banana Flour Market: Dynamics

The global banana flour market’s growth is helped by the increase in production of green bananas or cooking bananas. Banana production has grown rapidly, registering a performance of +15 percent since 2008. Though dessert bananas account for 60% of the total production, the cooking banana sector has witnessed a steady growth in terms of production, indicating a rise in the demand for green bananas. There has also been a rise in the awareness about banana flour being a gluten free product. There will be a rise in the demand for gluten-free products in countries like the U.K., Italy, U.S., Spain, Germany, Australia, Brazil, Canada, and India. In most of the countries, banana flour is being used as a gluten-free replacement for wheat flour. This rise in the consumption of gluten-free products helps drive the demand for banana flour.

 

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 Global Banana Flour Market: Segmental Analysis

 

  • On the basis of distribution channel, direct channel is expected to reflect higher contribution to the growth of the global market. The indirect channel segment is expected to register a relatively higher CAGR of 4.2% during the forecast period

  • On the basis of application, food industry leads the market with high market value. Moreover, the pet food and feed industry segment is projected to grow at a significant rate throughout the period of assessment.

  • In terms of source, conventional segment has a much higher market size and is expected to lead the global market during the forecast period. But organic source is projected to grow at a faster pace in the years to follow

  • Based on region, MEA is expected to dominate the market with an estimated market value of over US$ 300 Mn by the end of 2027. Whereas North America is expected to register the highest growth rate to register a value CAGR of 6.5% during the forecast period

Global Banana Flour Market: Competitive Landscape

The research report covers details about major players in the industry. It provides the readers with a brief profile of the key players. Some of the major companies mentioned in the report are Zuvii, NuNatural Inc., Diana Foods, NOW Health Group Inc., Paradisefrucht GmbH, Kanegrade Ltd, ADM Wild Europe GmbH & Co. KG, International Agriculture Group, Stawi Foods and Fruits Limited etc.

 

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Chest Compressors Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment

Chest compressors are used to save lives during medical emergencies. Cardiopulmonary Resuscitation (CPR) is a process that helps induce rescue breaths at the time of a medical emergency. Chest compressors are life savers for patients suffering from a cardiac arrest, as chest compressors apply a cardiac massage to patient for optimise the flow of blood to the heart. Chest compressors are mostly used by healthcare professionals who handle emergency medical conditions at various places. The CPR (cardiopulmonary resuscitation) method is used for maintaining the blood flow and supply of air to the lungs. Modern chest compressors work automatically at a particular pressure based on the type of emergency and the body mass index of the patient. Hospitals have all types of chest compressors, which include manual and automatic, as pressure applied to the chest should be in a proper ratio for the body to respond appropriately. The traditional method for CPR (cardiopulmonary resuscitation) involves the application of pressure by hand and blowing the air by mouth, however, modern chest compressors apply pressure based on the nature of the medical emergency and taking into consideration other health-related factors of patients.      

Chest Compressors Market: Drivers and Restraints

The chest compressors market is a growing market owing to an increase in the number of emergency cases and the availability of technologically advanced medical devices. Automatic chest compressors, which can be self-operated by patients or by the people near them who need not necessarily be healthcare professionals, is another factor boosting the chest compressors market. However, the high cost of chest compressors and lack of availability in various geographical regions is likely to hamper the growth of the chest compressors market in the coming years.

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Chest Compressors Market: Segmentation

The chest compressors market is segmented based on the following:

Chest compressors based on product types:

  • Mechanical Chest Compressors
  • Electrical Chest Compressors
  • Automated Chest Compressors
  • Others Chest Compressors

Chest compressors based on end user:

  • Hospitals
  • Ambulatory Surgery Centre
  • Emergency Centre
  • Others

Chest Compressors Market: Overview

Chest compressors are the first line of treatment for patients suffering from heart attacks and other emergency cases where the heartbeat has stopped. Market players are working to offer technologically advanced chest compressors with enhanced efficiency, which can also be operated by non-healthcare professionals during medical emergencies. The chest compressors market has high growth potential owing to improvements in Internet-connected medical device technology and the availability of remote-operated medical devices.

Chest Compressors Market: Region-wise Outlook

Geographically, the chest compressors market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan and Middle East & Africa. The North America market is expected to witness major growth owing to the local presence of major players, the high demand for chest compressors for health emergencies and improvements in the healthcare system. Western Europe and Eastern Europe are also registering growth owing to the adoption of chest compressors by healthcare professionals in these regions. Asia Pacific Excluding Japan show the sluggish growth as the improving healthcare system in most of the countries along with increasing adaptation rate of chest compressors for emergencies cases. Japan show moderate growth rate as the product adaptation rate and growth of medical system is stable. Middle East and Africa show slow growth as the awareness about the products is low among the healthcare professional and lack of adaptation rate of chest compressors due to low growth of medical healthcare system as compared to other regions.

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Chest Compressors Market: Key Players

Some of the players in the chest compressors market include Stryker Corporation; SunLife Science; AAT; ZOLL Medical Corporation and Resuscitation International, LLC, among others.  

Phoropters Market Will Continue to Generate Major Revenue by 2028

Phoropters are medical devices used for ophthalmic testing. They are commonly known as refractors. Phoropters are most commonly used by ophthalmologists during eye examination. They contain different lenses that are used for the refraction of the eye during sight testing. Phoropters are also used to measure an individual’s refractive error and determine his or her prescription. During sight testing, phoropters are used to switch multiple lenses in the front of the eyes to correct vision.

 

Phoropters are ingenious modalities used to quickly determine the exact vision correction need for an individual. Phoropters are also used to measure heterophorias, accommodative amplitudes and accommodative lags/logs/posture, horizontal & vertical vergences and more. Some of the major components of phoropters are batteries of spherical & cylindrical lenses and auxiliary devices such as Maddox rods, prisms & the Jackson Cross-Cylinder. The prisms in phoropters are also used to analyse binocular vision and treat ophthalmic problems. Initially, in the mid-1910s, monocular optometers were used as opposed to phoropters binocular refracting devices that could also measure ducitons, phorias and other traits of binocularity. Phoropters are either made with plus or minus cylinders. Generally, ophthalmologists and orthoptists use plus cylinder phoropters and optometrists use minus cylinder phoropters. Figures can be mathematically converted based on the figures obtained from either type of phoropter.  

   

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Phoropters Market: Drivers and Restraints

 

The growing prevalence and recurrence of astigmatism is expected to be a major factor driving the phoropters market over the forecast period. As per Nature, a science journal, more than 650 million people suffer from refractive disorders, of which approximately 285 million become visually impaired. Changes in lifestyle and increase in the levels of air pollution are contributing to the growing prevalence of eye disorders. The launch and addition of new products is another factor contributing to the growth of the global phoropters market. For instance, in 2016, Reichert, Inc. launched Phoropter VRx, which has set a new standard in digital refraction with the thinnest & most compact design, motorized prisms, incredibly fast lens exchanges, ultra-quiet operational functionalities and split cylinder lenses.

Phoropters Market: Segmentation

The global phoropters market can be segmented on the basis of product type, end user and geography.

Based on product type, the global phoropters market has been segmented as:

  • Manual Phoropter
  • Digital Phoropter

Based on end user, the global phoropters market has been segmented as:

  • Hospitals
  • Ophthalmic Clinics
  • Optometric Clinics

Based on geography, the global phoropters market has been segmented as:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • China
  • Japan
  • Middle-East & Africa

Phoropters Market: Overview

The global market for phoropters is expected to witness moderate growth over the forecast period. Majority of antibiotics are introduced in the generic market, owing to which there is high competition among local and regional players. Among the two product types, the digital phoropters segment is expected to lead the global phoropters market over the forecast period. By end user, ophthalmic clinics are expected to contribute a high share in the global phoropters market owing to their accessibility as well as the fact that majority of patients are recommended for ophthalmic clinics.

Phoropters Market: Regional Outlook

 

Geographically, the global phoropters market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, China and the Middle East and Africa (MEA). North America is expected to be dominant market in the global phoropters market owing to high prevalence of ophthalmic diseases. The phoropters market in Asia Pacific excluding Japan is expected to grow at a significant CAGR due to the expansion of product offerings by key players. Europe is expected to have the second-largest share in the global phoropters market throughout the forecast period.

 

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Phoropters Market: Key Players

 

The global market for phoropters is highly competitive. Some of the key players operating in the global phoropters market are BON Optic Vertriebsges mbH; Carl Zeiss Meditec AG; Essilor Instruments USA; Huvitz Co., Ltd.; Luneau Technology USA Inc.; NIDEK CO., LTD.; Oftas, AMETEK, Inc.; Reichert, Inc.; Righton Limited and Rocket Medical plc, among others.

Current and Future Outlook of Biophotonics Market by 2020

Future Market Insights (FMI) released its latest report titled, “Biophotonics: A New Boulevard for Healthcare Investments, Global Market Analysis and Forecast; 2014 to 2020”. According to the report, the global biophotonics market was valued at US$ 31.4 billion (Bn) in 2014. The market is expected to reach US$ 59.7 Bn by 2020, registering a CAGR of 11.3% between 2014 and 2020.

 

The global biophotonics market is driven by factors such as Increasing ageing population, the government support in technology innovations, enhanced range of biophotonics applications, and a need for improvement in healthcare.

 

Region-wise, North America was the highest contributor to the global biophotonics market with 39.8% share in 2014, followed by Europe, the Middle East and Africa (EMEA) and Asia Pacific. North America dominated the global biophotonics market and accounted for US$ 12.5 Bn with 39.8% of the market share in 2014. However, the North America is expected to reach US$ 23.3% Bn by 2020, exhibiting a CAGR of 10.9% during the forecast period. EMEA accounted for 26.8% of the market share in 2014, followed by Asia Pacific with 17.8% in the same year. However, Asia Pacific market is expected to account for 18.6% of the market share by 2020.

 

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According to end-user type, the global biophotonics market is segmented as Medical diagnostics, Medical therapeutics, Test components and Non- Medical. The medical diagnostics dominated the global biophotonics market in 2014. The medical diagnostics was valued at US$ 21.8 Bn with 69.3% market share in 2014. And expected to registera CAGR of 10.7%during the forecast period. Non-medical applications are projected to demonstrate an impressive growth rate of 15.5% between 2014 and 2020.

 

Growth in global biophotonics market is largely attributed to growth in end use sectors, which largely include diagnostic centers, medical institutes, healthcare service providers, research institutes and laboratories, and medical & scientific instrument manufacturers.

By application type, the Global Biophotonics market is segmented as See through imaging, Spectro molecular, Inside imaging, Biosensors, Surface imaging, Microscopy, Light therapy, and other analytic sensing. Among all the aforementioned segments, the biosensors is projected to witness 17.2% CAGR during the forecast period. The microscopy and light therapy applications are expected to exhibit a CAGR of 15.1 % each respectively between 2014 and 2020. The growth is attributed to implementation of the biosensors in other analytic sensing segment due to its specific biological analyte sensing capability such as pregnancy test, food toxicity, and cholesterol tests.

 

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Key player in the global biophotonics market are Becton, Dickinson & Co., Affymetrix Inc., Carl Zeiss, Olympus America, Andor Technology and Hamamatsu Photonics.

 

 

What you expect from construction chemicals market in next 10 years case study by FMI

Future Market Insights has come up with a new publication titled “Construction Chemicals Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),” which tracks the performance of the global construction chemical market for the projected period of 10-years i.e. between 2017 and 2027.

The global construction chemical market is expected to grow on a positive note during the forecast period.

 

In terms of volume, consumption of construction chemicals across the globe was pegged at 23,934 KT in 2016 and is expected to increase at a CAGR of 4.9% (By volume) over the forecast period to reach 40,158 KT by the end of 2027. Growth in the market is expected to be driven by favourable policies and regulations and growing construction activities across the globe. Emphasis on oversea business development and sales, apart from domestic market and customized products for end use industries are the new trends witness in the global construction chemical market.

 

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Global Construction Chemicals Market- Key Takeaways

  • The U.S. is estimated to dominate the North America construction chemicals market with remarkable value share in terms of consumption over the forecast period

  • Due to growth of the construction industry in countries like Brazil and Mexico, there has also been an increase in the demand for constriction chemicals.

  • Germany dominates the Western Europe construction chemicals market. This is attributed to the wide use of construction chemicals in industrial, commercial and residential segment

 

With more than 65 % of share in the overall construction chemical consumption, China dominated the APEJ market in 2016

 

In terms of value and volume, GCC countries are expected to dominate the MEA construction chemical market

 

Russia dominates the Eastern Europe construction chemicals market. The country accounted for nearly 44% share in the overall Construction Chemicals consumption in Eastern Europe in 2016

 

Global Construction Chemicals Market- Forecast by Product Type

On the basis of product type, the global construction chemical market is segmented into water proofing chemicals, protective coating, concrete admixture, adhesives and sealants and asphalt additives. The concrete admixture segment is expected to have a majority share in the global construction chemicals market throughout the forecast period. Increasing rate of urbanization in the Asia Pacific region, coupled with increasing demand from the residential sector and rising infrastructure development, are major driving factors for the growth of the concrete admixture segment.

 

Global Construction Chemicals Market- Forecast by Application Type

On the basis of application type, the global construction chemical market is segmented into residential, commercial & industrial and infrastructure. The residential and commercial & industrial segments together are expected to hold a major share of the global construction chemicals market throughout the forecast period. The sale of construction chemicals for residential applications is expected to be valued at US$ 24.63 Bn by 2027 end, registering CAGR of 5.8% in terms of value during the forecast period.

 

Global Construction Chemicals Market- Forecast by Region

This report has covered seven regions namely, North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA. With 45.3% revenue share, APEJ region is expected to dominate the market in 2027.  Rising per capita income and rapid urbanisation & infrastructure development in APEJ are the major driving factors for the growth of the construction chemicals market.

 

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Global Construction Chemicals Market- Key Players 

Some of the key players operating in the global construction chemical market are BASF SE, GCP Applied Technologies, SIKA AG, The Dow Chemical Company, RPM International Inc., Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Covestro AG, HB Fuller Company, Lanxess AG, The 3M COMPANY, Wacker Chemie AG, Huntsman Corporation, Momentive, Performance Materials, and Guangzhou Jointas Chemical Co., Ltd.

Source: http://www.futuremarketinsights.com/reports/construction-chemicals-market

Combi Ovens Market Expected to Reach a Market Value of Over US$ 3,600 Mn by the End of 2027, Growing at a Value CAGR of 4.9%

A new report published by Future Market Insights (FMI) titled “Combi Ovens Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” states that the demand for combi ovens across the globe highly depends upon the food preferences in different countries. For instance, people in China and the U.S. majorly consume fried items, whereas people in Europe make bakery, fried, and roast as their preference. The growing demand for combi ovens has impelled manufacturers to approach the market in accordance to the strong demand for heavy and medium capacity combi ovens in order to serve hotels, institutions, and commercial kitchens. According to FMI, the global combi ovens market is anticipated to witness a CAGR of 10.3% over the course of the forecast period.

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Growing Demand from the Foodservice Sector to be Key Growth Driver

The growing demand from the foodservice industry and the need for more productive cooking methods are expected to be the core drivers for the global combi ovens market in the coming years. With the growth in economy and increment in the disposable income of people, people now endeavour to spend more on items that can fulfil their desires such as a luxury car, an apartment, or on the food and beverages they desire to eat or drink. Humans are inquisitive in nature, and have the tendency to explore new things and new varieties of food to taste, which has thus pushed culinary specialists or chefs to come up with new types of cooking methods. Combi oven is best for cooking meat owing to the reason that the heat in the chamber does the majority of the cooking and the moisture in the oven prevents the meat from drying out and also increases its consumable life. Combi ovens are a perfect alternative for cooks when they are in the need to serve food in quick service restaurants or serve bulk orders. In this way, combi ovens are in great demand in inns, hotels, restaurants, eateries, and at other food outlets. The development of the foodservice sector across the globe is expected to bode well for the progression of the global combi ovens market.

North America to Oust Europe in Terms of Value Share by the End of 2027

Among all the regions, Western Europe is expected to emerge as the leading region in the global combi ovens market with a share of 41% in 2017. However, by the end of the forecast period, Western and Eastern Europe are both likely to witness decline in their market shares and North America will witness a substantial rise in its share in the overall market by the end of 2027. The growth of North America can be attributed to the growing investments being done by leading market players. To expand their market presence and global footprint, numerous players are focusing on investing in the North America market. Key players are adopting the strategy of mergers and acquisitions to collaborate with the local emerging players and to penetrate into the North America and strengthen their sales channel distribution.

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Enhancement of Product Portfolio to be Core Strategy of Key Market Players

Key market participants are focusing on enhancement of their medium-term expansion strategy, product portfolio strategy, and mergers with regional distributors to expand their business. The players operating in the market are Alto-Shaam Inc., Electrolux AB, Fujimak Corporation, The Middleby Corporation, Retigo S.R.O, and Dover Corporation, among others.

Why Hot Spark Plugs Getting More Importance in Today's Market

 

The increasing use of iridium material in new model of engines, the market for spark plug is expected to grow with significant pace. Spark plugs deliver electric current from an ignition system to the combustion chamber of a spark-ignition engine to ignite the compressed fuel/air mixture by an electric spark, while containing combustion pressure within the engine. There are many new trends witnessed in the global spark plugs market which are closely analysed by Future Market Insights.

 

The insights on the research on global spark plugs market is shared in a new report titled ‘Spark Plug Market: Global Industry Analysis (2012 – 2016) and Opportunity Assessment (2017 – 2027)’. The report includes all the crucial market numbers along with the growth rate for the forecast period of 2017-2027.

 

According to the key results of this comprehensive research report, the global spark plugs market is expected to reach a market value a bit under US$ 5,000 Mn by the end of 2027, growing at a CAGR of 4.8% during the forecast period.

 

Global Spark Plug Market: Dynamics

The production of cars remains constant which results in maintaining steady demand for spark plugs in the global market. With the rise in automotive production, the demand for spark plugs is also expected to grow. Many people are also keeping cars for a longer time. As the life of cars is increased with the technological improvements in the industry, there is an increase in demand for parts replacements. It has a positive impact on the demand for spark plugs as well. However, new trends like introduction of electric cars may result in a decreasing demand for spark plugs. As the market for electric cars is expected to grow in the coming years, the global spark plugs market may witness a decrease in demand for the products.

 

Global Spark Plug Market: Segmental Analysis

 

  • Based on material type, nickel segment is anticipated to lead the market with its market size expected to reach over US$ 2,300 Mn by the end of 2027. However, iridium segment is expected to stay ahead in the race among all the other products, expected to grow at a value CAGR of 5.8% during the forecast period.

  • In terms of end use, automotive is a clear leader of the market which is expected to reach a market size of over US$ 4,400 Mn by the end of 2027, growing a CAGR of 4.8% during the forecast period. Additionally, among the sub segments of automotive, passenger cars sub segment is expected to be dominate the global spark plugs market.

  • On the basis of product type, hot spark plug is a dominating segment of the market which leads in terms of market size and growth rate. However, cold spark plug is also expected to grow at a moderate rate during the forecast period.

  • Based on sales channel, aftermarket and OEM are expected to stay in close competition throughout the forecast period. The leading segment OEM is expected to grow at a CAGR of 5.3% whereas, aftermarket channel is expected to grow at a CAGR of 4.3% during the forecast period.

  • Among the various regions, China holds the highest market value of over US$ 1,400 Mn by the end of 2027, growing at a CAGR of 5.9% during the forecast period.

Global Spark Plug Market: Competitive Landscape

 

The research report consists of a brief profile on all the major players that are leading the industry with their offerings. Some of these players mentioned in the report are ACDelco, NGK Spark Plugs, Magneti Marelli S.p.A., Holley Performance Products, Enerpulse Technologies, Inc., Stitt Spark Plug Company, Torch Group, Klaxcar France and Brisk Company.

 

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The global automotive ignition coil market is projected to represent an incremental dollar opportunity of nearly US$ 1,400 Mn between 2016 and 2026

Over the past few years, the adoption of electric vehicles (EVs) such as battery electric vehicle (BEV) and plug-in hybrid electric vehicles (PHEV) in developed countries such as, North America and Europe has increased multi-fold. While these developments are being directed for the greater good of harnessing solar energy to power automobiles, they have incidentally curbed the demand for automotive ignition coils. Government initiatives, strengthening transportation infrastructure and decreasing battery prices serve as proponents of EVs, but also impede the demand for ignition coils as they are not utilized to power electric cars.

Future Market Insights’ latest report on global automotive ignition coil market projects that increasing demand for electric vehicles, which do not require ignition coil, will restrain the market to grow at greater pace. The report reveals that the market is presently valued at an estimated US$ 2.46 Bn, and will soar at a modest CAGR of 4.5% to reach US$ 3.8 Bn value by the end of 2026. Nevertheless, leading automakers in the world will continue to count upon automotive ignition coils for improving efficiency of their automotive offerings. Key players that will be actively participating in the growth of global automotive ignition coil market include, Denso Corporation, Federal-Mogul Corporation, NGK Spark Plug Co., Ltd., BorgWarner Ludwigsburg GmbH, Valeo SA, Robert Bosch GmbH, Delphi Automotive PLC, Hitachi Automotive Systems Americas, Inc., Mitsubishi Electric Corporation, Standard Motor Products, Marshall Electric Corp, and AcDelco.

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Moreover, adoption of automotive ignition coils is also expected to soar owing to their compliance to stringent fuel efficiency & emission norms. In addition to this, new product development and strategic partnerships with OEMs will be observed as lucrative opportunities for automotive ignition coil businesses across the world. Ignition coil manufacturers entering long-term contracts with OEMs for ensuring continued business consolidation will also help them reduce production costs and increase profit margins. Over 90% of the market’s value is accounted by sales of automotive ignition coils through OEMs.

Engine downsizing also plays a crucial role in increasing the overall fuel efficiency of the vehicle by reducing its overall weight. Modern engines are more compact and require efficient components that occupy the least space inside an engine’s assembly. In 2017 and beyond, the demand for double spark ignition coils will remain considerably high. During the forecast period, over 50% of global automotive ignition coil revenues will be accounted by sales of double spark coils.

On an average, sales of compact or mid-size cars account for 55%-63% share of global car sales. Thus, this segment offers lucrative opportunities for deployment of automotive ignition coils. By 2026-end, over three-fourth of global sales of automotive ignition coils will be accounted by passenger cars, revenues from which are expected to soar at 4.8% CAGR. The report also includes regional analysis of global automotive ignition coil market, which indicates APEJ (Asia-Pacific excluding Japan) region as the largest market for automotive ignition coils. Contribution of APEJ countries towards global automobile production is cited as a key factor for recording highest sales of ignition coils. The automotive ignition coil market in Middle East & Africa is also expected to remain lucrative, showcasing revenue growth at 5.1% CAGR.

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ABOUT US:

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

 

CONTACT:

Future Market Insights

U.S. Office

616 Corporate Way, Suite 2-9018,

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United States

T: +1-347-918-3531

F: +1-845-579-5705

Email: sales@futuremarketinsights.com

Web: https://www.futuremarketinsights.com

 

 

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Global Gaskets & Seals Market Poised to Grow at 5.4% CAGR during 2016-2026

Multiple manufacturing processes adopted across diverse industrial verticals are all contingent upon efficiency of engineering equipment & systems. The need to improve operability of such systems can be met with the use of gaskets & seals – devices that help connect multiple surfaces & systems to complete a mechanical workflow. Apropos a latest report published by Future Market Insights, the global demand for gaskets & seals is projected to surge at a steady rate during the forecast period 2016-2026. The report estimates that in 2016, more than US$ 60 Bn worth of gasket & seals were sold across the globe. Key projections compiled in the report predict that global gaskets & seals revenues will surpass US$ 100 Bn by the end of 2026, registering a value CAGR of 5.4%.

 

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The report, titled “Gaskets and Seals Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” further projects that in 2017 and beyond, the demand for non-metallic gaskets & seals will be considerably higher than metallic materials. By the end of 2026, more than 60% of global revenues will be accounted by sales of non-metallic gaskets & seals. Non-metallic materials will remain in great demand due to their competitive advantage over metallic materials on the grounds on environmental imprint and cost-effective procurement.

The report has also compiled key factors impacting the growth of global gaskets & seals market during the forecast period, which follow:

  • Rising instances of leakage in industrial units that cause considerable loss in terms of property damage & health risks can be averted by use of gaskets & seals

  • The demand for gaskets & seals is also expected to rise on the account of their compliance with several strict regulations, that prompt minimisation of leakage & fugitive emissions, observed across the globe

  • Advent of 3D printing is likely to lower costs of manufacturing gaskets & seals, and will also facilitate the urgency to deliver customised products

  • Key challenges inhibiting the market’s growth during the forecast period are complex manufacturing processes, altering designs and limited material applicability for production of gaskets & seals

Nevertheless, the report expects that customisations made to existing gasket & seal products will hold lucrative opportunity for manufacturers in the years to come. Companies such as Freudenberg & Co. KG, Henniges Automotive Holdings Inc., SKF AB, Federal-Mogul Holdings Corporation, Smiths Group Inc. (John Crane), ElringKlinger AB, Trelleborg AB, Dana Incorporated, Banco Products (I) Ltd. and Parker Hannifin Corp. are observed as key manufacturers in global market for gaskets & seals.

A comparative forecast on the global sales of gaskets and seals during the forecast period projects that global demand for seals will remain fairly higher than that of gaskets. By the end of 2026, solid and spiral wound gaskets will be observed as top-selling products in the market, procuring more than US$ 25 Bn in global revenues. On the other hand, a majority of global sales of seals will dominated by dynamic seals. Static seals are projected to procure just over 42% share on global seals revenues through 2026-end.

 

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The report further reveals that automotive industry will be one of the largest end-user of gaskets & seals in the world. However, the imprint of automotive end-use on the global gaskets & seals market will witness a downtrend, while revenues accounted by machinery and electronics & electrical industries during the forecast period will register 5.5% and 5.6% CAGRs respectively. Key findings in the report also predict that more by the end of 2026, more than three-fourth of gaskets & seals revenues will be accounted by OEM sales channels. The report also expects Asia-Pacific excluding Japan region to dominate global gaskets & seals revenues by registering a value CAGR of 6.8% and brining in over US$ 43 Bn revenues by 2026-end. Other regions are expected to showcase a sluggish growth in terms of gaskets & seals sales, exhibiting CAGRs below 5%. 

 

 

ABOUT US:

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

 

CONTACT:

Future Market Insights

U.S. Office

616 Corporate Way, Suite 2-9018,

Valley Cottage, NY 10989,

United States

T: +1-347-918-3531

F: +1-845-579-5705

Email: sales@futuremarketinsights.com

Web: https://www.futuremarketinsights.com