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Wednesday, August 11, 2021

Why Smart Manufacturing Market May Skyrocket: Study Revealed Which Players May Turn Game

Though the smart manufacturing market will be hit negatively by the Coronavirus pandemic, it will recover by the end of Q3 2023 and regain its growth. The services segment is anticipated to unlock rewarding growth opportunities, regardless of the COVID-19 disaster. The automotive segment is foreseen to dominate the global market. The Asia Pacific region is likely to show considerable growth during the forecast period. At present, the top market players are applying numerous strategies to withstand their business in this pandemic situation.

The outburst of coronavirus has created significant impact over various manufacturing industries all across the world. Though the smart manufacturing market will be hit negatively by the Coronavirus pandemic, it will recover by the end of Q3 2023 and is estimated to regain its growth in the market once the situation is under control. As per the advice given by the World Health Organization (WHO), maintaining social distance can help in preventing the spread of this life-threatening disease. Government bodies worldwide has imposed complete or partial lockdown across various regions, due to this various manufacturing industries such as electronics, automotive, and many others are considerably impacting the production processes of these companies. Additionally, interruption in continuation of activities and process due to lockdown is expected to cause loss and threats to the normal functioning of many industries. All these factors are significantly obstructing the growth of the smart manufacturing market during the COVID-19 pandemic.

On the other hand, government bodies al across the world are taking initiatives to help the industries during this crisis period. For instance, the U.S. government has extended the federal tax dates from April 15 to July 15 to support the businesses in the COVID-19 pandemic. At present, many top industrialists are working on improving the performance and quality of their products to strengthen their effectiveness in the global industry. In the course of this COVID-19 pandemic, we are helping our clients in understanding the influence of COVID-19 on the global smart manufacturing market.

The global smart manufacturing market is projected to garner $303.0 billion by 2026 and grow at a CAGR of 6.4% from 2019 to 2026, reveals a new report published by Research Dive.

The report segments the global market on the basis of component, end use, and region. This report presents thorough analysis of key drivers, opportunities, restraints, segmental analysis, and top players of the global market.

Factors Influencing the Market

According to the report, rising preference for automated systems from various industries all over the world is considerably fueling the growth of the smart manufacturing market. However, huge investments required for the installation of these systems in initially stages is predicted to hamper the growth of the market.

Services Segment Expected to be Rewarding during Forecast Period

Based on component, the report classifies the global market into hardware, software, and services. Among these, the software segment is projected to surpass to $139.9 billion by 2026. This segment is anticipated to play a significant part in the effective maintenance and control of the automation process, and hence boost the growth of the global market.

Automotive Segment to Lead the Market throughout Forecast Period

By end use, the report bifurcates the global market into aerospace & defense, automotive, chemicals, electrical & electronics, healthcare, petroleum, and others. Among these, the automotive segment grabbed 23.5% of the market share in 2018 and is expected to endure its growth during the estimated period. This is mainly because of the widespread use of advanced technical techniques in the automotive sector to cut down production expenses and improve the effectiveness.

Regional Outlook of the Market

Regionally, the report evaluates the global market across North America, Europe, Asia-Pacific, and LAMEA. Among these, the Asia-Pacific market is estimated to garner $114.8 billion by 2026. This is mainly due to rising demand for the automation of the existing manufacturing processes in this region. On the other hand, the Europe market for is projected to grow at a highest growth rate of 7.3% and create significant growth opportunities all through the estimated period. This is mainly due to the growing demand for technically advanced manufacturing processes across numerous industrial verticals such as consumer electronics, automotive, manufacturing, and other.

Leading Players of the Market

The leading companies in the global smart manufacturing market are Honeywell International Inc., GENERAL ELECTRIC, Schneider Electric, Siemens, Emerson Electric Co., FANUC CORPORATION and Rockwell Automation, Inc., and many others. These market players are undertaking activities including collaborations & partnerships, mergers and acquisitions, geographical expansions, and new product development to obtain a top position in the global industry.

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Early Impacts of COVID-19 on Air Compressor Market Trends and Future Dynamics 2027

The COVID-19 pandemic has negatively impacted the global air compressor market. The key players functioning in the global market are implementing several strategies and the market is expected to recover by Q1/Q2 of 2023.

The COVID-19 pandemic has adversely affected the global air compressor market and a slight drop is witnessed in the growth rate from former predictions. As per new Research Dive published report, the global air compressor market is anticipated to grow at a CAGR of 3.4% by 2026, generating a revenue of $39,884.6 million in the period of forecast from 2019 to 2026. While there is a decrease in the growth rate owing to the COVID-19 crisis, the market is estimated to recover by Q1/Q2 of 2023.

Highlights of the Market

As per our analysts, the accessibility of energy efficient models, cost-effectiveness of air compressors, high operational feasibility are the significant factors impelling the growth of global air compressor market.

The projected market size for the air compressor industry prior to COVID-19 chaos was $32,772.1 million in 2020 and this number is predicted to decrease down to $21,301.8 million post the coronavirus pandemic settles.

The significant scope of air compressors in various industries for air blowing, vacuum packaging, healthcare equipment, spray painting, cleaning, and tool powering are projected to drive the demand for air compressor in the coming future.

Adopting Several Strategies to Sustain in Pandemic Crisis

The leading players of the global air compressor industry include Emerson Electric Co., Air Squared, Inc., BAUER COMPRESSORS, INC., Gardner Denver, Sullair, LLC., Danfoss, Quincy Compressor., BOGE , ZEN AIR TECH PRIVATE LIMITED., and Hitachi, Ltd. These players are implementing various strategies such as mergers and acquisitions to sustain in this unprecedented situation. For instance, in February 2020, Perkins was introduced by Sullair, which is a portable diesel air compressor. These compressors have excellent durability and provides high performance. In addition, Perkins has a turbo-charged compressor engine, which helps in working efficiently in the high altitudes.

Elgi Equipment’s, the global air compressor manufacturer announced that they will close all the facilities of the company due to coronavirus pandemic. Eventually, this is obstructing the growth of global market.

Global Industry to Witness Noteworthy Growth Post-COVID-19 Chaos

Research Dive states that the global air compressor market is projected to witness a noteworthy growth post-coronavirus pandemic. The industry players are getting immense support from the governments to grow in the global market.

The rising demand from several industries all over the world will be a driving factor for the market growth. Moreover, retrofitting of existing systems, low operative and maintenance costs, and effective operational activities will propel the market growth after COVID-19 pandemic.

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COVID-19 Impact: Which Are the Key Players Evolving In the Growth of Aerospace 3D Printing Market?

The sudden outbreak of COVID-19 has imposed a partially negative impact on the growth of the global aerospace 3D printing market. The market is expected to recuperate from the losses suffered during this pandemic by the third or fourth quarter of 2022. Shutdown of airplane services during this pandemic period is severely hampering the growth of the market. The market is expected to experience significant growth after the resumption of the aerospace industry post-COVID-19 crisis.

Research Dive presents a new research report on the global aerospace 3D printing market which elucidates the impact of COVID-19 pandemic on the present and future growth of the market. This report is an exhaustive research drafted by market analysts by evaluating key booming factors, major regional market situations, restraints, and trends & developments in the market amidst the COVID-19 crisis.

Key Statistics of the Report:

The aerospace 3D printing market has witnessed substantial growth in the past years, however, the abrupt rise of the Coronavirus pandemic has considerably affected the growth of the market.

As per the report, the global aerospace 3D printing market was accounted at $887.9 million in 2018 and is anticipated to gather a revenue of $5,229.4 million by 2026, rising at a striking growth rate of 24.6% in the next few years.

In the current condition, the market has managed to collect a revenue of $780.9 million which is less than the predicted revenue, due to the shutdown of airplane services during the lockdown. Researchers have projected that the market is likely to recover from the incurred losses and grow considerably by the third or fourth quarter of 2022.

Factors Hampering the Market Growth amidst Covid-19 Pandemic

The enforcement of lockdown and restriction on travel services has caused a severe threat to the growth of the global aerospace 3D printing market in 2020. However, the market is expected to experience significant growth after the resumption of airplane services, post-COVID-19 pandemic.

Current Market Transformation Due to Covid-19:

In the course of this crisis period, companies are implementing various business tactics to survive their businesses. 3D printing manufacturers are investing in new technologies that will considerably reform the industry amidst and post Covid-19 pandemic. Several leading companies in this sector are offering a helping hand in the production of protective equipment, face shields, and ventilator to fight against this deadly virus. For instance, Airbus, the world’s largest aircraft manufacturer has taken an initiative to produce 3D printed visor frames for providing healthcare professionals with individual protection equipment as a safety measure to combat COVID-19.

Moreover, nearly 78,000 men and women from Collins Aerospace and about 70 3D printers from Raytheon Technologies global locations have joined hands to manufacture face shield headbands. Some of the foremost market players functioning in the aerospace 3D printing market include Arcam AB, 3D System Corporation, EOS GmbH, Aerojet Rocketdyne, Norsk Titanium, Envisiontec GmbH, Ultimaker B.V., MTU Aero Enginess AG, Materialise NV, Hoganas AB, and others.

Post-pandemic Market Insights:

At this moment in time, the market is experiencing a downfall in its growth rate, however, by 2022, the market is likely to undergo additional growth due to the growing demand for lightweight aerospace components. This growth will be mainly driven by a downfall in the supply of aerospace parts and the potential of 3D printing technology to produce complex parts related to the aerospace sector. Hence, the market is expected to recover after the end of COVID-19 pandemic and grow significantly in the upcoming years.

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Why Dynamics of Inkjet Coders Market Is Changing Drastically? What If History Is Any Guide?

The pandemic situation has slowed down growth rate of the inkjet coders market. The market is predicted to grow in the forecast period despite the COVID-19 situation. The primary factor for the growth of inkjet coders prior to COVID -19 was due to technological advancement by major companies and increasing demand by many end use industries for printing of various details of the products. The pandemic has created a decline in the speed of the growth of the inkjet coder market. The factor which affects the growth of the inkjet coders is the lockdown of many industries and many manufacturing units where the inkjet coders are used. Moreover, lockdown has blocked almost all the industrial activities. With the span of the time, the inkjet coder market is predicted to grow again with the opening of various industries and manufacturing units across the globe.

As per a new report published by Research Dive, the inkjet coders market is set to generate a revenue of $2,139.0 by 2026, at a CAGR of 4.9% during the forecast period from 2019 to 2026.

The segmentation of the market has been done on the basis of type, application and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market. As per our analysts, increasing technological advancement and rising demand of the printers in various industries are predicted to be the major driving factors for the market. Moreover, the printing quality and splitting of inks is considered to be the major restraints for the market in the forecast period.

TIJ Segment and Food application is predicted to be the most profitable segments in the market

Depending on type, the inkjet coder market is bifurcated into CIJ coder, TIJ coder, DOD inkjet coder and others. TIJ segment accounted for $438.8 million in 2018 and is predicted to grow with a CAGR of 5.4% in the forecast period. TIJ offers the companies to print the details in the most cost effective manner and with a good resolution, which it is predicted to boost the TIJ segment in the forecast period.

Depending on application, the inkjet coder market is bifurcated into food, pharmaceutical, cosmetic, automobile, pipes, wires & cables, tobacco, packing and others. Food application segment accounted for $365.6 million in 2018 and is predicted to grow with a CAGR of 4.7% in the forecast period.

Geographical Analysis and Major Market Players

On the basis of region, the global inkjet coders market is segmented into North America, Europe, Asia Pacific, and LAMEA. Asia-Pacific Market generated a revenue of $438.8 million in 2018 and is predicted to grow with a CAGR of 5.3% before the COVID-19 pandemic situation. Shift of the major manufacturing companies into the region and government initiatives for setting up of manufacturing units is predicted to boost the market in the forecast period.

The major key players in the inkjet coders market are Elmark Packaging, Squid Ink Manufacturing, Inc., Koenig & Bauer AG, Markem-Imaje, Linx Printing Technologies, Shanghai Rottweil Handyware Printing Technology Co., Ltd, Domino Printing Sciences plc, Media Data Systems Pte Ltd, ID Technology, LLC., KGK Jet India., and XAAR.

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The COVID-19 Fallout: Beacon Technology Market in 2020 - What Does the Year Ahead Hold?

The abrupt outbreak of COVID-19 pandemic has adversely affected the growth of the global beacon technology market. The market is predicted to recover from the incurred losses by the first or second quarter of 2022.

The recent research report on the global beacon technology market by Research Dive reveals the impact of the COVID-19 pandemic on the present and future market growth. This report is a meticulous research formulated by analyzing several aspects of the market such as key driving factors, restraints, investment opportunities, new trends & developments, and size & scope of the market during the COVID-19 disaster.

Highlights of the Report:

The global beacon technology market has witnessed significant headway previously, but the sudden rise of the COVID-19 pandemic has declined the growth of the global market to some extent.

As per the report, the global beacon technology market was valued at $504.7 million in 2018 and is anticipated to garner a revenue of $38,803.9 million by 2026, rising at a CAGR of 71.7% in the upcoming years.

The size of the market in the current circumstances has reached $1,082.6 million due to the stoppage of industries and businesses and the execution of lockdown in COVID-19 infected countries. Analysts have estimated that the market is likely to recuperate from the incurred losses by the first or second quarter of 2022.

Factors Impacting the Market Growth amidst COVID-19 Pandemic

The implementation of lockdown in several parts of the world has resulted in a slowdown or cessation in the functioning of various industries and businesses. However, by end of 2020 a significant rise in the use of beacon technology has been estimated. This is because several organizations are developing innovative applications using beacon technology to avert the spread of misinformation about number of diagnosis and treatment options, death tolls, and vaccination.

Response of Market Players to COVID-19 Pandemic:

Several businesses have started utilizing beacon technology in novel applications during the crisis period. For instance, Google and Facebook have joined hands to help NHS prevent the spread of fake news related to COVID-19. Moreover, Estimote, an experts in location and proximity solutions is planning to develop a wearable Bluetooth location detector for workplace-level contact tracing to evade close contact and curtail the spread of COVID-19 infection.

Moreover, government bodies over the world have taken initiatives for the implementation of various techniques to prevent close contact with the help of beacon technology. For instance, the government in Bangalore, India has fitted in many devices to avoid the close contact of fellow passengers and curtail the spread of COVID-19 infection on the airport.

Post-pandemic Market Insights:

Market players are taking significant steps and forming new business strategies to recover from the losses suffered during the pandemic. Implementation of AI and ML with Bluetooth low energy beacons is expected to unlock rewarding opportunities for the growth of the market post-COVID-19 pandemic. Due to such advanced technological developments, the global beacon technology market is estimated to gain tremendous growth after the end of the crisis period.

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Corona Impact: Is 3D Sensor Market will Propel with its Advanced Approaches in 2020

The unexpected episode of Coronavirus tragedy has imposed an optimistic impact on the global 3D sensor market growth. Rising demand for electronic devices equipped with 3D sensors during the covid-19 pandemic is boosting the growth of the global market. Market players are coming up with vibrant opportunities and are likely to invest in novel technologies in the forthcoming years.

The newest research report on the global 3D sensor market published by Research Dive confers the influence of COVID-19 pandemic on the current and future growth of the market. This report is a comprehensive research articulated by analysts by considering all the vital aspects such as regional market situations, market boomers and restraints, opportunities, and size & scope of the market during COVID-19 pandemic.

Key Highlights of the Report:

The COVID-19 crisis has impacted the global market for 3D sensor positively. According to the report, the global 3D sensor market was accounted for $1,464.6 million in 2018 and is expected to garner $12,937.2 million by growing at a healthy growth rate of 31.8% by 2026. In the current circumstances, the size of the market has reached nearly $2,537.9 million due to the growing demand for electronic devices with 3D sensors.

Market Boomers amidst Covid-19 Pandemic:

To avert the spread of Coronavirus disease, government bodies had imposed strict lockdown in many parts of the world. However, in spite of great efforts by researchers and scientists, the vaccine for COVID-19 is still not discovered. Hence, to bring the economic balance of countries back to normal, government has decided to partially break the lockdown and open markets especially the essential goods stores. This has given a boost to the need for cameras equipped with 3D sensors that are capable of monitoring the activities of people in crowded places. Cameras equipped with 3D sensors are helping authorities to keep an eye on people and make sure that they are wearing masks and practicing social distancing. Due to all these factors, the global 3D sensor market is anticipated to observe incredible growth in the coming years.

Current Face of the Market Due to Covid-19:

Some of the top players in this market are focused on developing more advanced 3D sensors to cope with the cumulative demand for high-quality devices during this crisis period. Outsight, a France based firm has developed an autonomous laser integrated 3D semantic sensor technology that can track individuals over a large area. The technology helps in monitoring people in crowded places and check if they are wearing masks, their body temperatures, and whether they are following social distancing.

Major players in the 3D sensor market are currently focusing on novel developments in the technology and finding different ways to deploy advanced 3D sensors in many devices including cameras, smartphones, medical equipment, and others. However, the market is witnessing a decline in demand from the manufacturers’ viewpoint. This is because the production of electronic components has been halted and there is no supply of raw materials, adequate labor force, and availability of logistics for delivery.

Craig Resnick, the vice-president of ARC Group has advised other manufacturers to utilize this crisis period as an opportunity and invent novel and innovative techniques that can help in the fight against this deadly disease and serve their customers in a better way in the coming years.

Future Scope of the Market:

According to the report, the global 3D sensor market is projected to experience continuous growth post-coronavirus pandemic. The reduction in costs and adoption of novel technologies is expected to offer beneficial opportunities for the growth of the 3D sensor market in Asian nations including China and Japan in the next few years. New entrants and some of the leading players including Keyence, Infineon Technologies, Sony, LMI Technologies, Cognex Corporation, OmniVision Technologies, IFM Electronic, PMD Technologies, Intel Corporation, Microchip Technology, and others are projected to come up with novel advances and bring in rewarding opportunities for the market growth in the next few years.

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COVID-19 Impact Review: What Challenges Smart Mirror Market May See In Next 5 Years?

The sudden outbreak of COVID-19 has hugely impacted the global smart mirror market in a negative way. However, the market is expected to recover by Q3/Q4 of 2022. The high costs associated with the smart mirrors are predicted to restraint the market growth during the forecast period. The key players of the market are implementing several strategies such as technological advancements and product innovations to sustain in this unprecedented situation. For instance, a highly advanced bathroom mirror powered by Amazon Alexa has been manufactured by Kohler.

The global smart mirror market is likely to witness a decline in the growth rate due to the COVID-19 pandemic all across the globe. According to a new research report published by Research Dive, the global smart mirror market is estimated to reach up to $4,028.3 million and grow at a CAGR of 8.8% during the forecast period from 2019 to 2026. Though there is a decline in the growth rate, the market is estimated to recover by the end of Q3/Q4 of 2022. Comprehensive analysis on drivers, growth opportunities, restraints, vital segments, and strategies implemented by major market players are further provided in the report to better understand the pandemic effect on the global industry.

Highlights of the Market

Our analysts stated that the versatility and adaptability of the smart mirror in various industries such as the automotive, retail, and healthcare is a major factor boosting the growth of global smart mirror market.

The predicted market size of the smart mirror industry post COVID-19 pandemic is $1,460.3 million in 2020, which is a drastic decline from $2,433.8 million before the pandemic situation. However, the high costs associated with the smart mirrors is a major threat for the market growth in the coming future.

On the contrary, the increasing emphasis on digital transformation and innovations across multiple businesses such as footwear, fashion, eyewear, and beauty are anticipated to propel the demand for smart mirrors, thereby, sustaining the market growth.

Strategies of Market Players to Sustain in the Pandemic

The major players of the global smart mirror market include GENTEX CORPORATION, Magna International Inc., Ficosa Internacional SA, SAMSUNG, Murakami Corporation., DENSION LTD, Séura, Kickstarter, Japan Display Inc., ELECTRIC MIRROR, INC., and PBC. These players are adopting multiple strategies such as technological advancements and product innovations to sustain in this pandemic situation. For instance, Kohler has manufactured a technologically and highly advanced bathroom mirror powered by Amazon Alexa. This mirror has various inbuilt integrated features such as the voice command, full stereo sound, updated news, and many others.

In March 2020, a new series of televisions is launched by Samsung. The multinational conglomerate company has claimed that the new TV sets come with improved picture quality and excellent contrast levels & visual experience.

Pink Tech Design, a New Delhi-based firm has launched a smart mirror in India also known for Miaza mirror or health mirror in the COVID-19 chaos. The miaza mirror uses a dynamic sensor to detect human presence and shows the multi-step hand-washing technique in the 35-second video acclaimed by the World Health Organization (WHO).

Post-Pandemic Scenario

As per the report, the global smart mirror market is anticipated to witness impressive growth post-COVID-19 pandemic. The governments of various countries all across the globe are providing support to the many industry players to grow in the global market, post the pandemic situation. The rising trend towards fitness of people all across the globe will be the major factor boosting the market growth during the forecast period. In addition, as smart mirrors focus on pain points commonly faced by customers, it offers in-depth information such as customer demographics, brand loyalty, and shopping preferences. These factors will also help to contribute to the growth of the market after COVID-19 pandemic.

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Is Forklift Battery Market Trapped Between Growth Expectations And Uncertainty?

Due to the COVID-19 pandemic, the global market of forklift battery has experienced a massive decline. The market is estimated to restore its incurred loss by the third or fourth quarter of 2022. The partial and complete cessation of the supply chain stopped the manufacturing process all over the world which is the major factor behind the drastic slowdown of the market. The industry will resume its growth once the manufacturing process resumes post the pandemic.

The latest research report on the global forklift battery market by Research Dive reflects on the influence of COVID-19 pandemic on the market. This report is a professional and comprehensive research formulated by specialists by evaluating top driving factors, major regional market situations, opportunities & future scope, and trends & developments in the market during the COVID-19 crisis.

Highlights of the Report

The global forklift battery market has achieved significant growth in the previous years. However, the sudden rise of the COVID-19 pandemic has impacted the market in a negative way. As per the report, the market is expected to generate a revenue of $6,831.2million by 2026, growing at a CAGR of 6.2% from 2018 to 2026. Market analysts have predicted that the market is likely to restore from the incurred losses and grow considerably by the third or fourth quarter of 2022.

Factors Affecting the Market Growth during the Pandemic

Regions across the world have gone through a complete lockdown during which Li-ion, the lead-acid battery manufacturing industry has faced a stoppage in supply and demand. The huge disruption in the supply chain for Li-ion batteries has adversely impacted the Indian electric vehicles and energy storage market.

To overcome this situation, governments are taking initiatives and creating special incentives packages for energy storage, electric vehicles and renewable energy sector. However, the market is predicted to record a significant rise once the COVID-19 pandemic ends and the functioning of production units resumes.

Current Market Scenario

As per India Energy Storage Alliance (IESA), lead-acid manufacturing units in china, which is main suppliers of batteries were partially shut down during this period. Because of that, domestic production and employment hamper a lot.

Further, it’s been seen that companies have kept full stock of batteries prior to COVID -19. In order to get out of this situation, governments are investing well in newer schemes and packages with an aim to accelerate the demand for renewable energy for electric vehicles.

Post-Pandemic Market Insights

The top players of the forklift battery market are focusing on developing various business strategies to come out successful through this critical time period.

Some of these players include East Penn Manufacturing Company, Navitas System, Crown Equipment Corporation, ENERSYS, Microtex Energy Private Limited, EXIDE INDUSTRIES LTD., LLC Corporate, Saft, Southwest Battery Company and Storage Battery Systems LLC and many others.

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How Utility Poles Market Will Grow In Coming Future Despite COVID-19 Chaos?

The Covid-19 pandemic is predicted to have a negative impact in the growth of the global utlity poles market in the forecast period. Growing energy consumption is predicted to be the major driving factor for the market in the forecast period. Electricity Transmission and Distribution segment is predicted to be the most lucarative in the forecast period. Between 40ft and 70ft type segment is predicted to have the highest market share in the forecast period. Asia-Pacific region market is predicted to have the maximum growth rate in the forecast period.

The emergence of coronavirus pandemic has negatively impacted the global utility poles market growth. Though the markets across the world, are shut down in order to minimize the effect of the pandemic, the utility poles market is hampered for a short span of time. The market is predicted to recover by Q3/Q4 of 2022. The recovery of the market is expected to grow as the telecom industry booming day by day as the utility poles are used and approval of steel material profile as green material boost the market in the forecast period. Moreover, government strict rules and regulation for underground wires and cables, rules against deforestation is predicted to hamper the market in the forecast period. The extension of various underground lines is also predicted to create more investment opportunity for the market in the forecast period.

As per a new report published by Research Dive, the global utility poles market is set to generate a revenue of $ 55,360.7 million by 2026, at a CAGR of 2.7% during the period of forecast.

The segmentation of the market has been done based on application, pole size and region. The report provides in-depth insights on drivers, vital segments, opportunities, restraints, and key players of the market.

Factors Affecting the Market Growth

As per our analysts, increasing energy consumption globally is predicted to drive the utility poles market in the forecast period. Moreover, growing undergoing connection is predicted to hamper the market growth in the forecast period.

Between 40ft and 70ft segment will have a Substantial Growth during the Forecast Period

Based on the Pole size, the global market for utility poles is classified into below 40ft, between 40ft and 70ft and above 70ft. The between 40ft and 70ft segment was valued at $ 18,282.9 million in revenue in 2026 and is anticipated to grow at 2.8% CAGR. The growth of the segment is predicted to as it is most widely used pole type in most of the end use industry for various application.

Electricity Transmission and Distribution Is Predicted To Be the Most Lucrative Segment

Based on the application, the global market for utility poles is classified into electricity transmission and distribution, telecommunication, street lighting, heavy power lines, sub transmission lines and others. The market size for the electricity transmission and distribution segment was valued at $30,665.6 million in 2018 and is predicted to grow at a CAGR of 2.5% in the forecast period. The consumption of utility poles for electricity transmission and distribution is on a faster pace which will boost the segment in the forecast period.

Regional Breakdown of the Market

Based on the region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia-Pacific utility poles market was valued at $17,428.3 million in 2018 and is anticipated to rise at 3.1% CAGR during the projected period. Massive population and massive investment by major companies in the region is predicted to boost the region market in the forecast period.

Top Companies Leading the Market

The major key players in the utility pole market players include El Sewedy Electric Company, Hill & Smith Holdings Plc, KEC International, Valmont Industries Inc., Skipper Ltd., Omega Factory, Nippon Concrete Industries Co. Ltd., Pelco products Inc., Stella-Jones, RS Technologies Inc. and FUCHS Europoles GmbH.

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COVID-19 Outbreak: How Circuit Breaker Market Will Shape Having Biggies with Strong Fundamentals?

The COVID-19 pandemic has immensely impacted the global circuit breaker market in a negative way. However, the market is expected to recover by Q1/Q2 of 2023. The stringent safety and environmental policies are anticipated to hamper the market growth during the forecast period. The major players of the market are adopting several business strategies such as product launches and technology innovations to sustain in this unprecedented situation.

The global circuit breaker market is likely to witness a decline in the growth rate owing to the COVID-19 pandemic all across the globe.

According to a new research report published by Research Dive, the global circuit breaker market is anticipated to reach $20.6 billion and grow at a CAGR of 6.5% in the forecast period from 2019 to 2026.

Though there is a decline in the growth rate, the market is projected to recover by the end of Q1/Q2 of 2023. Comprehensive analysis on drivers, growth opportunities, restraints, vital segments, and strategies implemented by major market players are further provided in the report to better understand the pandemic effect on the global industry.

Key Features of the Market

Our analysts stated that the extensively growing demand from the commercial sector and the increasing emphasis on the smart cities all over the world are the major factors boosting the growth of global circuit breaker market.

The predicted market size of the circuit breaker market post COVID-19 pandemic is $9.9 billion in 2020, which is a drastic decline from $14.8 billion before the pandemic situation.

On the contrary, the growing global spending on smart city initiatives are anticipated to raise the need for circuit breakers, thereby, sustaining the market growth during the forecast period.

Sustaining in the Pandemic Situation

The major players of the global circuit breaker market include Schneider Electric, Siemens, Eaton, ABB, Toshiba Corporation., Mitsubishi Electric Corporation, Hitachi Industrial Equipment Systems Co., Ltd., Powell Industries, and GENERAL ELECTRIC. These players are adopting several business strategies such as technological advancements and product innovations to grow exponentially during the forecast period.

Phoenix Contact launched a thermomagnetic circuit breaker in March 2020. The highly advanced circuit breakers are majorly useful to protect electrical MCC Panels. Execution of such strategies are helping the global market to sustain during the COVID-19 crisis.

Post-Pandemic Scenario

As per the report, the global circuit breaker market is anticipated to witness a noteworthy growth post-coronavirus pandemic. The growing urban infrastructure mainly in the developed countries is a major factor impelling the growth of global circuit breaker market during the forecast period. In addition, the need for the prevention of over-heating of components and wires will eventually increase, which will help to drive the growth of the market during after COVID-19 pandemic.

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Surgical Power Tools Market Update - Increasing Investment Is Expected To Boost Market Growth in 2027

The pandemic spread of coronavirus disease (COVID-19) has created a significant impact on the global surgical power tools market. In addition, battery-driven surgical tools will witness substantial growth in the global market. Handpiece products are anticipated to foresee newer heights. ENT (ear, nose, throat) surgery applications is projected to register a remarkable revenue, during the analysis period. The North-America region held a massive market share in the global industry. The leading companies of the surgical power tools market are focussing on numerous strategies to strengthen the position amid pandemic.

The COVID-19 outbreak has positively affected the global surgical power tools market. The growth of the global surgical power tools market is majorly driven by the extensively rising adoption of high-performance surgical tools in the healthcare industries. In addition, the increasing number of geriatric population, growing investment in research and innovations, and capacity expansion of companies are further anticipated to foster the demand for surgical power tools during the projected period.

Though the industries across the globe have imposed shutdown in order to prevent the spread of the pandemic, several organizations are taking situational decisions to fight against the global emergency. Companies across the world, are adopting various strategies like product inventions and strategic corporate alliances. For instance, in July 2020, Medtronic has made an announcement that they have acquired the Medicrea, a significant organization in spinal surgeries. Due to the collaboration, Medtronic will be able to offer services like robotics-assisted surgery, AI-driven surgical planning, and personalized spinal implants. These initiatives may offer massive opportunities for global market surgical power tools, after the COVID-19 pandemic.

According to resrach report published by Research Dive, the global surgical power tools market is set to generate a revenue of $3,237.5 million by 2027, at a growth rate of 6.4% during the forecast period.

The segmentation of the global market has been done on the basis of the product, technology, Device type, and applications. The report provides detailed information on driving and restraining factors, lucrative opportunities, segments, and market players of the global industry.

Factors Affecting the Market Growth

As per our analyst estimates, the massive rise in the diseases associated with geriatric patients such as orthopedic disorders is anticipated to fuel the global surgical power tools market growth. Contrary to this, higher prices, along with the dearth of expertise in the field are projected to obstruct the growth of the global surgical power tools industry.

The Handpiece Products shall have a Substantial Market Growth Throughout the Forecast Period

Depending on the product, the global surgical power tools market is mainly segmented into disposables (shavers, saws, staplers, reamers, blades, burrs, drills/perforators) handpiece, and accessories. The handpiece product shall register a revenue of $1,586.4 million in 2027 and is projected to rise at a growth rate of 6.9%; mainly due to the rising need for handpieces in procedures of orthopedics that require placing bone screws, drilling, fixing of guidewires in numerous orthopedic applications.

Battery-Driven Power Tools to be the Most Lucrative

On the the basis of technology, the global surgical power tools market is categorized into pneumatic Power tools, electric-operated Power tools, and battery-driven power tools. The battery-driven power tools shall register a revenue of $1,236.7 million in 2027 and are anticipated to surge at a growth rate of 6.8%. The higher convenience, longer life span, and cost-effectiveness are anticipated to upsurge the demand for the battery-driven power tools, during the analysis period.

Medium Bone Power Tools to be Most Lucrative

On the basis of device type the global surgical power tools market is fragmented into high-speed drilling systems, medium bone power tools, small bone power tools, and large bone power tools. The surgical power tools for the medium bones are predicted to generate a revenue of $945.3 million by 2027, rising at a 6.9% CAGR. The massive importance of the medium bone power tools in medium bone trauma and neurosurgery is anticipated to accelerate the segment growth, over the forecast period.

ENT Applications Will have Significant Market Growth, in the Forecast Period

Based on the applications, the global surgical power tools market is mainly classified into orthopedic surgery (spine, trauma, joint, and craniomaxillofacial), neurology surgery, dental surgery, ENT surgery, and cardiothoracic surgery. The ENT applications shall have significant market growth and are expected to generate a revenue of $848.2 million at a growth rate of 7.0%, during the forecast timeframe. The rising prevalence of infectious disorders like chronic sinusitis is expected to foster the segment growth, throughout the projected timeframe.

Geographical Analysis and Major Market Players

On the basis of region, the global surgical power tools market is categorized into North America, Europe, Asia Pacific, and LAMEA. The North-America surgical power tools market is expected to reach up to $1,010.1 million by 2027 and is anticipated to increase at a CAGR of 6.0%, throughout the forecast period. the rising number of geriatric populations, the growing emphasis on product inventions, and increasing spending on research and innovations, particularly in Canada and the U.S. are expected to augment the surgical power tools market growth, in the region.

The leading manufacturers of the surgical power tools market consist MatOrtho Limited, Exactech, Inc., Allotech Co., Ltd., De Soutter Medical, Medical Devices Business Services, Inc., Desoutter Industrial Tools., Stryker, B. Braun Melsungen AG, Medtronic, and Zimmer Biomet.

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Wednesday, August 11, 2021

Factors Influencing the Market

Services Segment Expected to be Rewarding during Forecast Period

Automotive Segment to Lead the Market throughout Forecast Period

Regional Outlook of the Market

Leading Players of the Market

Highlights of the Market

Adopting Several Strategies to Sustain in Pandemic Crisis

Global Industry to Witness Noteworthy Growth Post-COVID-19 Chaos

Key Statistics of the Report:

Factors Hampering the Market Growth amidst Covid-19 Pandemic

Current Market Transformation Due to Covid-19:

Post-pandemic Market Insights:

TIJ Segment and Food application is predicted to be the most profitable segments in the market

Geographical Analysis and Major Market Players

Highlights of the Report:

Factors Impacting the Market Growth amidst COVID-19 Pandemic

Response of Market Players to COVID-19 Pandemic:

Post-pandemic Market Insights:

Key Highlights of the Report:

Market Boomers amidst Covid-19 Pandemic:

Current Face of the Market Due to Covid-19:

Future Scope of the Market:

Highlights of the Market

Strategies of Market Players to Sustain in the Pandemic

Post-Pandemic Scenario

Highlights of the Report

Factors Affecting the Market Growth during the Pandemic

Current Market Scenario

Post-Pandemic Market Insights

Factors Affecting the Market Growth

Between 40ft and 70ft segment will have a Substantial Growth during the Forecast Period

Electricity Transmission and Distribution Is Predicted To Be the Most Lucrative Segment

Regional Breakdown of the Market

Top Companies Leading the Market

Key Features of the Market

Sustaining in the Pandemic Situation

Post-Pandemic Scenario

Factors Affecting the Market Growth

The Handpiece Products shall have a Substantial Market Growth Throughout the Forecast Period

Battery-Driven Power Tools to be the Most Lucrative

Medium Bone Power Tools to be Most Lucrative

ENT Applications Will have Significant Market Growth, in the Forecast Period

Geographical Analysis and Major Market Players