Category: Uncategorized

Heating Equipment Market Analysis | Business Outlook, Growth, Share, Trends and Forecast till 2025

October 28, 2021: Global Heating Equipment Market is expected to reach USD 48.58 billion by 2025. Heating Equipment is used to ensure comfort in winter or colder climates by using thermal energy within office or home. Exclusively used heating system comprises active solar heating, electric resistance heating, furnaces and boilers, wood and pellet heating, radiant heating, and portable heating. The Heating Equipment Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

Growing infrastructure in emerging countries, steady economic growth and rapid urbanization, and expansion of commercial sector are documented as the major factors estimated to enhance the growth in the years to come. Heating Equipment Market is segmented based on product type, end user, and region.

Unitary heaters, heat pumps, boilers, furnaces, and other product types could be explored in Heating Equipment in the forecast period. Heat pumps sector may account for the substantial market share of Heating Equipment and is estimated to lead the overall market in the years to come. It is a two-way air conditioner that helps to extract heat from cold outdoors with use of dischargers and electrical system. The sector is also estimated to grow at the highest CAGR in future.

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The market may be categorized based on end users like commercial sector, industrial sector, residential sector, and others that could be explored in the forecast period. The industrial sector may account for the substantial market share of Heating Equipment and is estimated to continue its dominance in the years to come. This may be because of growing demand for heating equipment’s in manufacturing plants, roads, food processing plants, and bus stations. In addition, the residential sector is estimated to lead the overall market in future.

Globally, Europe accounted for the substantial market share of Heating Equipment in 2016 and is estimated to lead the overall market in the coming years to come. The reason behind the overall market growth could be government initiatives and policies to reduce energy consumption and rising use of enhanced technology.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest CAGR in the foremost period. The aspects that may be ascribed to the growth comprise rapidly developing automotive industries and construction sector. The developing countries like India and China are the major consumers of Heating Equipment in this region.

The key players of Heating Equipment industry are United Technologies, Daikin Industries, Robert Bosch, Ingersoll-Rand, Lennox International, Johnson Controls, Will &Hahnenstein, LG Electronics, Honeywell International, Mitsubishi Electric, and Emerson. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.

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Market Segment:

Global Product Outlook (Revenue, USD Million, 2014 – 2025)

    • Heat pumps

    • Furnaces

    • Boilers

    • Unitary heaters

    • Others

Global Application Outlook (Revenue, USD Million, 2014 – 2025)

    • Residential

    • Commercial

    • Industrial

Regional Outlook (Revenue, USD Million, 2014 – 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • UK

        • France

        • Russia

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

        • Saudi Arabia

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Automatic Emergency Braking (AEB) Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2024

October 27, 2021: Global Automatic Emergency Braking (AEB) Market is estimated to grow significantly in the years to come owing to the increasing need for security from consumers and rising government initiatives worldwide. Automatic emergency braking (AEB) is an autonomous vehicle safety, which uses sensors to monitor the proximity of passing vehicles. It detects the probable accidental situations and raises an alarm prior to the collision.

In such cases, emergency brakes are applied to avoid the accidents or to lessen the effects. Most automobile drivers apply delayed brakes which causes road mishaps. The reason behind these accidents may be due to inattentiveness, sleepiness, distraction, lack of visibility, lack of concentration, time of the day, sudden medical emergency or weather conditions. Automatic emergency braking systems are designed to avoid these instances and support the driver throughout the journey.

In case the driver fails to slam the brakes, the automatic emergency braking system will automatically apply brakes with different levels of force with the help of smart algorithm for speed, momentum, trajectory, and others to lessen the impact or avoid the collision. Increasing awareness concerning pedestrian and passenger safety along with government mandates to connect safety related tools in the automobile are the key factors boosting automatic emergency braking industry.

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Emphasis of OEMs is to safeguard the passengers and driver inside vehicle due to which the technologies were progressed in combination to AEB system. For example, the anti-locking braking system and seat belts were introduced to protect the people inside vehicle. Hence, OEMs manufacture vehicle design to install the tools required for AEB system. Despite less adoption of vehicles in the past years, most manufacturers have started installing AEB systems as a standard feature in few models.

Initially, AEB systems were installed only for the luxury automobiles. Due to the high initial costs associated with research & development for these systems, ORMs are emphasizing to install these tools only in high-end automobiles to balance the development cost. Additionally, the hardware infrastructure can be enhanced in future to offer more safety, which will fuel the automatic emergency braking market.

However, automatic emergency braking (AEB) industry is restrained by lack of penetration in emerging economies despite of high spending power among consumers. Unreliable performance and high costs associated with these technologies in few countries are hampering the growth of the market.

AEB market is categorized on the basis of vehicle type, technology, operating speed, application, level of automation driving, component, and geography. On the basis of vehicle type, the market is divided into PV (passenger vehicles) and CV (commercial vehicles). Owing to high safety concerns among users, passenger vehicles are expected to lead the industry in the coming years.

Based on operating speed, the market is classified into high speed-inter urban AEB systems, low speed-city AEB systems, and pedestrian-VRU (Vulnerable Road Users) AEB systems. Due to the high vehicle density and city-road mishaps, AEB systems is predicted to hold larger market share of automatic emergency braking (AEB) in the forecast period.

In terms of applications, AEB industry is divided into forward emergency braking, reverse emergency braking, and multi-directional braking. Forward emergency braking is predicted to lead the industry on the basis of high application. Based on level of automation driving, the market is divided into autonomous passenger car and semi-autonomous passenger car. Semi-autonomous passenger car is expected to hold larger market share of automatic emergency braking due to their higher volume as compared to other autonomous passenger cars.

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On the basis of component, the automatic emergency braking (AEB) market is split into actuators, audible buzzers, controllers, sensors, and visual indicators. Actuators are expected to dominate the market owing to high requirement for actuators as compared to other components.

Geographically, the market is segmented as North America, Europe, Asia Pacific, and RoW. Asia Pacific is expected to dominate the market in the years to come due to the growing presence of technology in the region. The major players of automatic emergency braking (AEB) industry are Tesla Inc., Ford Motor Company, Toyota Motor Corporation, Daimler AG, Volvo Car Corporation, Audi AG, Jaguar Land Rover Automotive Plc, BMW Group, Volkswagen Group, and Honda Motor Company Ltd.

Market Segment:

AEB Regional Outlook (Revenue, USD Thousand Units, 2014 – 2024)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • UK

        • Germany

        • France

    • Asia Pacific

        • China

        • India

        • Japan

    • South America

        • Brazil

        • RoSA

    • MEA

        • Qatar

        • RoMEA

Get in touch

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Piling Machine Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2024

October 27, 2021: Global Piling Machine Market is anticipated to reach USD 6.47 billion by 2024. A piling machine implies a mechanical device used for fixing piles or poles in the ground for supportive architectural structures. The factors that propel the growth of the Piling Machine Market include rising installation of wind farms, improvement in construction industry, stringent regulations against emissions and vibrations. On the other hand, there are factors that may hamper the growth of the market including environmental impact of piling, and high price of piling machines. Piling Machine industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Piling Machine industry may be explored by product type, pilling method, and geography. The market may be explored by product type as Piling rigs, Vibratory drivers, Impact hammer, and Others. The “Vibratory drivers” segment led the Piling Machine Market in 2015 and is anticipated to maintain its dominance by 2024 due to increasing application in sandy geographies owing to efficiently breaking down skin friction to drive the piles and increasing procedure of vibratory drivers because of their exceptional saturation speed. The piling machine industry could be explored based on pilling method as Rotary bored piling, Drilled percussive, Impact driven, Air-lift RCD, Continuous flight auger, Auger boring, and Others.

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Asia-Pacific accounted for the major share of the Piling Machines Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing construction projects and rise in government initiatives toward the smart city project. As such, the demand for modern skills such as BIM, CAD/CAM, and pilling machine will be on the roll. In addition, rapid urbanization, and rising population will surge the market growth in the years to come. Asia-Pacific is followed by North America.

Some of the key players that fuel the growth of the piling machines industry comprise Soilmec, Bauer AG, Sinomach, Atlas Copco, Tescar, The Casagrande Group, Delmag, and BSP International Foundations, Ashok Industries, American Piledriving Equipment, Changsha Tianwei Engineering Machinery Manufacturing, and BRUCE Piling Equipment. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Product Outlook (Revenue, USD Million, 2013 – 2024)

    • Impact hammer

    • Vibratory drivers

    • Piling rigs

    • Others

Piling Method Outlook (Revenue, USD Million, 2013 – 2024)

    • Impact driven

    • Drilled percussive

    • Rotary bored piling

    • Air-lift RCD

    • Auger boring

    • Continuous flight auger

    • Others

Regional Outlook (Revenue, USD Million, 2013 – 2024)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • Scandinavia

    • Asia Pacific

        • China

        • India

    • Latin America

        • Brazil

    • MEA

        • Saudi Arabia

        • UAE

        • Qatar

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Personal Protective Gloves Market Share, Segments, New Opportunity, Outlook And Top Players till 2024

October 26, 2021: Global Personal Protective Gloves Market is anticipated to reach USD 15.78 billion by 2024. Personal Protective Gloves are also known as “Personal Protective Equipment” or “Work gloves”. The factors that propel the growth of the personal protective gloves industry include increasing number of arm injuries, hand cuts, and abrasions in the workshop are anticipated to drive market demand in the forecast period.

On the other hand, there are factors that may hamper the growth of the market including concern toward green product growth. The market is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

Personal Protective Gloves Market may be explored by product type, application, raw material, and geography. The market may be explored by product type as Disposable and Durable. The “Durable gloves” segment led the Personal Protective Gloves industry in 2015 and is anticipated to maintain its dominance by 2024 owing to growing concern toward work-related damages coupled with the surging necessity for chemically and durable strong defensive wear throughout high risk activities in numerous industries such as metal forming, oil & gas, construction, and manufacturing is expected to steer product demand over the forthcoming period.

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The key applications that could be explored in the Personal Protective Gloves Market include Oil & Gas, Mining, Chemical, Food & Beverage, Construction, Manufacturing, and Medical & Healthcare, and others. The “Manufacturing” segment led the market in 2015 and is anticipated to maintain its dominance by 2024 due to numerous primary and additional procedures involved in manufacturing business such as grinding, welding and torch cutting may cause damages to employees, and rising concern toward employee security is anticipated to propel gloves demand over the forecast period.

The Personal Protective Gloves industry could be explored based on raw materials as Nitrile, Neoprene, Natural rubber/latex, Vinyl, Leather, Aramid fiber, and Others. The “Leather” segment led the market in 2014 and is anticipated to maintain its dominance by 2024. Europe accounted for the major share of the Personal Protective Gloves Market Size in 2015 and will continue to lead in the forecast period. The factors that could be attributed to the growth include rising demand for protective gloves in industries such as healthcare, oil & gas, food processing, construction and mining, is anticipated to propel product demand over the forecast period. Europe is followed by Asia-Pacific region.

Some of the key players that fuel the growth of the personal protective gloves industry comprise Alpha Pro Tech, 3M Company, Honeywell, Kimberley Clark, MSA, Superior Glove Works, Delta Plus, Uvex, Hartalega, Midas Safety, Kossan Rubber, and Top Glove. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Global Personal Protective Gloves Product Outlook (Revenue, USD Million, 2014 – 2024)

    • Disposable

        • By product

            • General purpose

            • Chemical handling

            • Sterile

            • Surgical

            • Others

    • Durable

        • By product

            • Mechanical

                • By product

                    • Cut resistant

                    • Multi task

                    • Oil repellant

                    • Others

            • Chemical handling

            • Thermal/flame retardant

            • Others

Global Personal Protective Gloves Raw Material Outlook (Revenue, USD Million, 2014 – 2024)

    • Natural rubber/latex

    • Nitrile

    • Neoprene

    • Vinyl

    • Aramid fiber

    • Leather

    • Others

Global Personal Protective Gloves End-Use Outlook (Revenue, USD Million, 2014 – 2024)

    • Medical and Healthcare

    • Food and Beverage

    • Chemical

    • Manufacturing

    • Construction

    • Oil and gas

    • Mining

    • Others

Global Personal Protective Gloves Regional Outlook (Revenue, USD Million, 2014 – 2024)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • UK

        • France

        • Russia

    • Asia Pacific

        • China

        • India

        • Japan

        • South Korea

        • Indonesia

        • Australia

    • Middle East

        • Saudi Arabia

        • UAE

    • Africa

    • Central & South America

        • Brazil

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Bluetooth Beacons Market Growth, Trends, Key Factors And Emerging Opportunities till 2025

October 14, 2021: Global Bluetooth Beacons Market is anticipated to reach USD 58.7 billion by 2025. Bluetooth beacons are becoming progressively trendy across businesses as they are simple deploy models and cost-effective. Bluetooth beacons are deployed by businesses to send information and content, which are contextually appropriate, to users at exact sites.

The factors that propel the growth of the Bluetooth Beacons industry include surge in planned retailing such as supermarkets, hypermarkets, specialty stores, cash and carry stores, discounters, and department stores; high demand from ground transit hubs and airports as they allow the distribution of immediate notifications regarding flight departures, delays, and platform and gate information to customers.

On the other hand, there are factors that may hamper the growth of the market including a lack of scalability, and rising concerns concerning security and privacy. Bluetooth Beacons Market is anticipated to grow at a significant CAGR of 95.3% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Bluetooth Beacons industry may be explored by technology, end users, and geography. The market may be explored by technology as Eddystone, iBeacon, and Others. The “iBeacon Technology” segment led the Bluetooth Beacons Market in 2016 and is anticipated to maintain its dominance by 2025 owing to widespread acceptance of products, such as iPhone and iPads.

The Bluetooth Beacons industry could be explored based on end users as Travel & tourism, Retail, Financial institutions, Healthcare, and Others. The “retail” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 owing to growing beacon deployment for enhancing customer contribution.

Asia-Pacific accounted for the major share of the Bluetooth Beacons Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include huge potential for the retail industry, and technological advancement. Asia-Pacific would be followed by North America in the years to come.

Some of the key players that fuel the growth of the Bluetooth Beacons industry compriseKontakt.io, Estimote, Inc., BlueCats, Quuppa Oy, Qualcomm Inc., Blesh, Beaconinside GmbH, Radius Networks, Inc., Bluvision, Inc., Onyx Beacon Ltd., and Polestar. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Bluetooth Beacon Technology Outlook (Revenue, USD Million; 2014 – 2025)

    • iBeacon

    • Eddystone

    • Others

Bluetooth Beacon End-Use Outlook (Revenue, USD Million; 2014 – 2025)

    • Retail

    • Travel & tourism

    • Healthcare

    • Financial institutions

    • Others

Bluetooth Beacons Regional Outlook (Volume, Million Units; Revenue, USD Million; 2014 – 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

    • Latin America

        • Brazil

        • Mexico

    • Middle East and Africa

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Automotive Film Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2021

October 14, 2021: The global Automotive Film Market size is expected to value at USD 10.13 billion by 2021. The market is subject to witness a substantial growth due to the growing demand for automotive film in exterior and interior applications. The growing utilization of automotive wraps to protect vehicles with booming automotive industry and applications of automotive films in transit advertising is expected to drive growth over the next four years.

Globally, the automotive film market is predicted to grow at CAGR of 12.0% in forecast period, providing numerous opportunities for market players to invest in research and development in the market. The growing automobile sector along with the rising consumer awareness, shifting focus towards regular maintenance of vehicles, and high-end demand for paint protection in order to avoid high maintenance costs is anticipated to fuel the growth of automotive film industry. 

Moreover, rapid industrialization, urbanization and ever-growing population is leading to the rise in standards of living and increasing disposable income, thus driving the demand for vehicles across the globe. Other factors such as increasing demand for passenger vehicles, particularly in developed economies and rise in per capita income are expected to drive the growth of the industry over the forecast period.

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The market is anticipated to expand with faster pace due to aggressive marketing strategies adopted by industry players and large investment in the OEM market. Furthermore, growing reference towards adoption of paint protection films in exterior part of the vehicle is on the rise majorly in the developed economies, thus influencing market growth over the forecast period. Automotive noise, vibration, and harshness (NVH) laminates is considered as one of the fastest growing segment in the automotive film market with substantial revenue generation in the last couple of years. Growing popularity of the automotive noise, vibration, and harshness (NVH) laminates is credited to the variation in the consumer preferences and requirement in the enhanced ride quality and comfort.

The automotive noise, vibration and harshness (NVH) laminates provides noise cancellation and limits harshness, thus substantially improving overall ride quality. These factors play a major in the growth of the automotive film industry, in the recent years. Increasing adoption of various components such as covered release liner, epoxy resin, polyester papers, scratch resistance casing, shades, metal composites, and UV inhibitors, thus enhances durability, improves overall shelf life of the product, and performance of window films recast period, which in turn is expected to aid market growth for window tints.

Development of co-extrusion technology, which is widely used during production of bio-based polyester film, is responsible for limiting use of fossil fuels and offer enhanced carbon footprint, thus attributing to the expansion of the automotive tinting film market in recent years. Increasing adoption of the multilayer nanotechnology during manufacturing of automotive films with the use of polyester, acrylic glass, and PEN resin is expected to accelerate market demand. Windshield is vital in vehicle as it provides protection against heat, ultra-violet rays and pollutants on a large scale. With the adoption of automotive films for the production of windshield further aids in the reducing heat and glare to offer better visibility.

The automotive film market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the increasing adoption of latest technologies in automotive sector, growing vehicle production, increasing demand of lavish& exotic vehicles in terms of production and sales, and existence of well-established automotive infrastructure. Asia-Pacific region is predicted to hold major market share in the automotive film industry with massive growth in forecast period.

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Countries such as India, South Korea, China and Japan are leading the Asia-Pacific market with growing demand in automotive sector, increasing demand for window films through OEMs and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the automotive film industry are 3M Company, Eastman Chemical Company, LLC, Global Window Films, and The Solar Gard.

Market Segment:

Product Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 – 2021)

    • Tinting Films

    • Paint Protection Films

    • NVH Film Laminates

    • Wrap Films

Application Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 – 2021)

    • Interior

    • Exterior

Function Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 – 2021)

    • Protection

    • NVH

Channel Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 – 2021)

    • OEM

    • Aftermarket

Regional Outlook (Volume in ‘000 Sq. Meters, Revenue, USD Million, 2011 – 2021)

    • North America

        • U.S.

    • Europe

    • Asia Pacific

        • China

        • India

        • Japan & Korea

    • Rest of World

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Electric Motor Sales Market Overview, Size, Share, Growth Factors, Demand and Trends Forecast till 2025

October 13, 2021: Global Electric Motor Sales Market is anticipated to reach USD 155.3 billion by 2025. Electric motors are extensively used in compressors, industrial fans, pumps, machine tools, domestic appliances, automated robots, lathe machines, HVAC applications, power tools, disk drives, and electric cars.

The factors that propel the growth of the Electric Motor Sales industry include growing demand for automobile production and power utilities along with the increase in residential and commercial infrastructure development, particularly in the emerging countries. On the other hand, there are factors that may hamper the growth of the market including high capital investments, and low adoption rate. Electric Motor Sales Market is anticipated to grow at a significant CAGR of 4.2% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

The market may be explored by type, application, voltage, output power, and geography. Electric Motor Sales industry may be explored by type as AC Motors, and DC Motors. The “AC Motors” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 owing to widespread use across application parts such as robotics and irrigation pumps.

The key applications that could be explored in the Electric Motor Market include Motor Vehicles, Industrial Machinery, HVAC Equipment, Aerospace & Transportation, Household Appliances, Others. The “Motor Vehicles” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to surge in electric vehicle manufacturing across the world.

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The Electric Motor Sales industry could be explored based on Voltage as < 1 kV (Low), 1 kV–6.6 kV (Medium), and > 6.6 kV (High). The “< 1 kV (Low)” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to rapid growth in the power sector. The market may be analyzed by output power as < 1 hp (Fractional horsepower), and > 1 hp (Integral horsepower).

Asia-Pacific accounted for the major share of the Electric Motor Sales Market Size in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth includes constant surge in the manufacture of motor driven systems, such as HVAC equipment, household appliances, and industrial, in foremost nations, such as India, Singapore, China, Indonesia, and South Korea.

Some of the key players that fuel the growth of the Electric Motor Sales industry comprise Siemens AG, ABB Ltd., General Electric Company, Denso Corporation, Nidec Corporation, Allied Motion Technologies, Inc., Bosch Group, Ametek, Inc., Emerson Electric Co., Johnson Electric Holdings Limited, Hitachi, Ltd., Regal Beloit Corporation, WEG, Rockwell Automation, ARC Systems, Inc., Toshiba International Corporation, and Baldor Electric Co. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Motor Type Outlook (Revenue, USD Billion, 2014 – 2025)

    • AC Motor (Revenue, USD Billion, Volume Billion Units; 2014 – 2025)

        • Synchronous AC Motor

        • Induction AC Motor

    • DC Motor (Revenue, USD Billion, Volume Billion Units; 2014 – 2025)

        • Brushed DC Motor

        • Brushless DC Motor

    • Hermetic Motor

Power Output Outlook (Revenue, USD Billion, 2014 – 2025)

    • Integral HP Output

    • Fractional HP Output

Application Outlook (Revenue, USD Billion, 2014 – 2025)

    • Industrial Machinery

    • Motor Vehicles

    • HVAC Equipment

    • Aerospace & Transportation

    • Household Appliances

    • Others

Regional Outlook (Revenue, USD Billion, 2014 – 2025)

    • North America

    • Europe

    • Asia Pacific

    • Latin America and Middle East & Africa (LAMEA)

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com

Medical Plastic Market Key Enhancement, Growth Factors Analysis, Overview and Forecast Report till 2025

October 12, 2021: The global Medical Plastics Market size is expected to value at USD 33.6 billion by 2025. The market is subject to witness a substantial growth due to the growing demand for sterilized plastics form healthcare sector. Implementation and upgradation of infection prevention standards is one of the critical factors responsible for the growth of medical plastics industry of late.

The other factors such as rise in the number of surgical, hospital, and outpatient procedures are expected to boost the market growth over the forecast period. Globally, the medical plastics market is predicted to grow at CAGR of 5.7% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

However, changes in prices of crude oil are considered as critical factors responsible for variations in the cost of materials like polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), and polystyrene, thereby largely affecting market expansion during the forecast period. Additionally, increasing production in the Chinese market is predicted to fuel the price of raw material. Such factors are expected to negatively hamper market growth in the years to come.

Yet, rising healthcare expenditure by local governments and growing preference toward adoption of medical plastic by various clinics and healthcare professionals is predicted to boost market growth in the years to come. Furthermore, rising competition in the market is responsible for the development of innovative products, thus leading to market expansion.

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Development of advanced grade plastics and their use in the healthcare sector is predicted to drive the growth of medical plastic industry in near future. Medical plastics are extensively integrated through-out supply chain network in healthcare sector. Growing adoption of the advanced grade plastics in all four stages in the supply chain network including end-use products that are largely utilized used by the governmental clinics, number of medical institutions & facilities, and private clinics, are predicted to amplify the growth of medical plastics market over the forecast period.

Rise in the per capita income in both – developed and developing economies is likely to boost demand of the medical plastics in coming years. Medical plastics are known for their enhanced product quality and cost-effectiveness, particularly in comparison with their counterparts, leading to growing demand for the product. Higher production rate and easy availability of medical plastics are expected to drive market demand in next decade. Increasing adoption of thermoforming polypropylene by pharmaceutical companies is attributed to factors such as high strength packaging and higher impact resistance for the packaged products. Other advantages of the thermoforming polypropylene include high durability and sanitization, thus escalating market demand, in the recent years.

The integration of plastic into modern medicine has gradually risen over the past decade. Medical plastics have substantially reduced medicine costs, and pain management. Advanced polymers are increasingly adopted to manufacture new and enhanced artificial limbs. Such polymers are vital for production of plastic disposable delivery devices that are critical in limiting the risk of infection to patients. Medical plastics directly affect patient’s health condition, thus saving more lives with their prolonged use.

The medical plastics industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of the latest technologies in medicine and pharmaceutical sector and existence of well-established healthcare infrastructure. Asia-Pacific region is predicted to hold major market share in the medical plastic market with massive growth in forecast period.

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Countries such as India, China, and Japan are leading the Asia-Pacific’s market with rise in the healthcare spending, increase in incidences of lifestyle disorders and diseases, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the medical plastics industry are Celanese Co., Eastman Chemical Co., Spectrum Plastics Group, Emco Industrial Plastics, Inc., Ensinger GmbH, Connecticut Plastics Co., and Dow Chemical Co.

Market Segment:

Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

    • Medical Device Packaging

        • Polyvinyl Chloride

        • Polypropylene

        • PETG

        • HDPE

        • Polystyrene

        • PEEK

        • Others

    • Medical Components

        • Polyvinyl Chloride

        • Polypropylene

        • Polyethylene

        • Polycarbonate

        • PEEK

        • ABS

        • Polystyrene

        • Engineering Plastics

        • Others

    • Orthopedic Implant Packaging

        • Polyvinyl Chloride

        • ABS

        • PETG

        • Polycarbonate

        • Others

    • Orthopedic Soft Goods

        • Polypropylene

        • Silicone

        • ABS

        • Polycarbonate

        • PEEK

        • Engineering Plastics

        • Wound Care

        • Polypropylene

        • Thermoplastic Polyurethanes

        • Others

    • Cleanroom Supplies

        • Polyvinyl Chloride

        • Polypropylene

        • PETG

        • Polycarbonate

        • PEEK

        • ABS

        • Polystyrene

        • Engineering Plastics

        • Others

    • BioPharma Devices

        • Polycarbonate

        • Silicone

        • Engineering plastic

        • Others

    • Mobility Aids

        • ABS

        • Polycarbonate

        • PEEK

        • Engineering plastic

        • Sterilization and Infection Prevention

        • Polypropylene

        • Silicone

        • ABS

        • Polycarbonate

        • PEEK

        • Engineering plastic

        • Tooth Implants

        • Polycarbonate

        • PEEK

        • Others

    • Denture Base Material

        • PMMA

        • Polycarbonate

        • Polyamide

        • Others

    • Other Implants

        • Polypropylene

        • Silicone

        • Polycarbonate

        • PEEK

        • Engineering Plastics

    • Others

        • Polyvinyl Chloride

        • Polypropylene

        • Polystyrene

        • Silicone

        • ABS

        • Polycarbonate

        • PEEK

        • Engineering plastic

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At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

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Email: ryan@millioninsights.com

North America Automotive Air Filter Market Opportunities, Statistics and Forecast Analysis Report till 2024

October 11, 2021: North America Automotive Air Filter Market is expected to reach USD 1.6 billion by 2024. An automotive air filters are the constituent mainly used to remove impurities and particulate matter from air by improving the service life of engine components and engines. In an automotive intake system, the air filter is in front of the throttle body and mass airflow sensor. The North America Automotive Air Filter Market is estimated to grow at a significant CAGR of 8.8% over the forecast period as the scope and its applications are rising enormously across the globe.

Growing automotive industry, growth in purchasing power of customers, and advancement in emission control system are documented as major factors of North America Automotive Air Filter Market that are estimated to enhance the growth in the years to come. However, growing number of electric vehicles and maintenance and regular replacement of filters are the factors that may restrain overall market growth in the coming years. North America Automotive Air Filter Industry is segmented based on product type, filter media, material types, application, distribution channels, and region.

Cabin Air Filter and Regular Engine Air Filter are the product types that could be explored in North America Automotive Air Filter in the forecast period. Regular engine air filters sector accounted for the substantial market share of North America Automotive Air Filter in the forecast period. Intake air filters plays important role in catching unwanted particles and dust from entering the car engines. Engine air filters are an essential share of intake systems as they are accountable for providing particulate-free, filtered air to the engine. However, cabin air filters are accountable for eliminating contaminants like pollen and other allergens from air that enters the passenger section.

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Particle, synthetic, activated carbon, cellulose, and other filtering media could be explored in North America Automotive Air Filter in the forecast period. Stainless steel, paper air filter, mesh, cotton gauze air filter, and foam air filter are the material types that could be explored in North America Automotive Air Filter in the forecast period. The market may be categorized based on applications like two wheelers, passenger car, commercial vehicles that could be explored in the forecast period. Commercial sector accounted for the substantial market share of North America Automotive Air Filter and is estimated to lead the overall market in the coming years. This may be because; average of commercial vehicles is high in comparison to passenger vehicles and growing popularity of light commercial vehicles like mini trucks among customers.

Aftermarket and OEM are the distribution channels that could be explored in North America Automotive Air Filter in the forecast period. The aftermarket sector accounted for the substantial market share of North America Automotive Air Filter and is estimated to lead the overall market in the coming years. In addition, the sector is estimated to grow at highest CAGR of over 9.2% in the coming years.

Globally, the United States and Canada are the major consumers of North America Automotive Air Filter in the region. The United States accounted for the substantial market share of North America Automotive Air Filter and is estimated to lead the overall market in the coming years. Also, the sector is estimated to grow at significant CAGR in the years to come. The reason behind the overall market growth could be strict government policy regarding the emission control and high demand for fuel-efficient vehicles.

Instead, Canada is also estimated to have a positive influence on the future growth. Canada is the second largest region with significant market share. The Canadian market is led by commercial vehicle sector and presence of key manufacturers. The key players of North America Automotive Air Filter Market are Siam Filter Products Ltd., SogefiSpA, ALCO Filters Ltd., MAHLE GmbH, Luman Automotive Systems Pvt. Ltd., A.L. Filter, FiltrakBrandT GmbH, Robert Bosch, and Donaldson Company, Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Market Segment:

Product Outlook (Revenue, USD Million, 2014 – 2024)

    • Intake

    • Cabin

Application Outlook (Revenue, USD Million, 2014 – 2024)

    • Passenger car

    • Commercial vehicles

    • Two wheelers

End-Use Outlook (Revenue, USD Million, 2014 – 2024)

    • OEM

    • Aftermarket

Regional Outlook (Revenue, USD Million, 2014 – 2024)

    • North America

        • U.S.

        • Canada

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

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Email: ryan@millioninsights.com

Building and Construction Tapes Market Statistics, Growth Prediction, Competitive Research And Outlook till 2025

October 08, 2021: The global Building & Construction Tapes Market is estimated to touch US$ 5.9 billion by the completion of the year 2025. The market was appreciated by US$3.79 billion in the year 2016. Increasing demand for the product owing to greater possessions of bonding combined with higher artistic possessions is likely to motivate the market. Furthermore, growing product infiltration in business, particularly in the area of Asia Pacific is likely to tip to an augmented demand. The market is estimated to develop at a substantial CAGR for the duration of the prediction.

The Building & Construction Tapes market on the source of Type of Function could span Cable Management, Glazing, Barrier Protection, Soundproofing, Insulation, Bonding. The adhesive tapes are utilized for tie borders and pieces in building & construction business. The usage of progressive high power products in the business in installing window panes is likely to generate progress of the industry over the period of prediction.

The usage of the product for insulation is likely to record a CAGR of 4.3% for the duration of prediction, because of development in housing and commercial structures that regularly practice progressive insulation machineries, in that way directing to a greater demand for advanced materials like adhesive tapes.

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The Building & Construction Tapes industry on the source of Type of End Use could span Industrial, Residential, Commercial. The demand for adhesive tapes in housing and commercial uses is estimated to motivate the market above the period of prediction. The demand for the product in the subdivision of housing is motivated mainly because of increasing usage of the product for attachment and barrier protection. During the year 2016, it was responsible for 48.4% stake of the international income.

The Building & Construction Tapes market on the source of Type of Backing Material could span Plumbing, Electrical, Roofing, Windows, Flooring, HVAC, Building Envelope, Doors, Walls & Ceilings. The Building & Construction Tapes industry on the source of Type of Product shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into Duct, Double Sided, Masking, and Others.

The Building & Construction Tapes on the source of Type of Distribution Network could span Third Party Distribution, Direct Distribution. The important companies in the industrialized markets like the U.K,U.S., and Germany are involved in direct distribution of the product. The existence of a prominent distribution network and substructure adds on the hard work of the companies to involve in direct distribution.

The Building & Construction Tapes market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas for the duration of the prediction could span North America [U.S.], Europe [Germany, U.K.], Asia Pacific [India, Japan, China], Latin America [Brazil], Middle East &Africa.

By the source of geography, the market for Adhesive tapes in North America is likely to observe development owing to increasing housing and commercial building in the U.S. Furthermore, customers in the economy have revealed a propensity to choose for cutting-edge products. The market is likely to record progress owing to the existence of wide-ranging and prearranged building & construction manufacturing.

In North America, the demand for dual sided products is likely to record progress because of growing opportunity for the application of the of the product. The products are expansively utilized in the attachment of door panels and can be utilized with extra bonding agent or in a separate capability. The usage of masking tapes in the area is mainly ruled by the application of barrier protection.

The business in Europe is likely to advantage from the retrieval of housing and commercial structure subdivisions. The development of industry in the area has openly interpreted into increasing demand for materials for example tapes. The area is likely to ingest 1,228.6-million-square meter of the product by the completion of year 2025.

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The statement revises Trades in terms of intake of Building & Construction Tapes in the market; particularly in North America, Europe, Asia Pacific, Central & South America and Middle East & Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field are Shurtape Technologies LLC, 3M Company, Nitto Denko and TESA SE. Additional notable companies operating in the field are: Henkel AG, Scapa, Lintec, Saint Gobain, Adchem Corporation, PPG Industries, DOW, L&L Products Inc., Jonson Tapes Limited, Berry Plastics, Avery Dennison Corporation, American Biltrite Inc.

Market Segment:

Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

    • Double Sided

    • Masking

    • Duct

    • Other

Backing Material Outlook (Volume, Million Square Meters; Revenue; USD Million, 2014 – 2025)

    • PVC

    • PET

    • PP

    • PE

    • Foil

    • Paper

    • Foam

    • Others

Application Outlook (Volume, Million Square Meters; Revenue; USD Million, 2014 – 2025)

    • Flooring

    • Walls & Ceilings

    • Windows

    • Doors

    • Roofing

    • Building Envelope

    • Electrical

    • HVAC

    • Plumbing

Function Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

    • Bonding

    • Barrier Protection

    • Insulation

    • Glazing

    • Soundproofing

    • Cable Management

End-use Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

    • Residential

    • Commercial

    • Industrial

Distribution Channel Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 – 2025)

    • Direct

    • Third Party

Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 – 2025)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com