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Thermostatic Mixing Valve Market Soars to US$ 1,898.7 million by 2033

Thermostatic mixing valves (TMVs) play a crucial role in regulating hot water temperatures, ensuring safety and comfort in various applications. Let’s delve into the current landscape of the thermostatic mixing valve market, explore opportunities for manufacturers, and navigate the path towards a promising future.

Current Scenario:

- Focus on Scalding Prevention: Regulations and growing awareness of scald risks, especially in healthcare facilities and homes with young children or elderly individuals, are driving demand for TMVs.
- Rise in Building Renovations: Renovation projects in existing buildings often involve upgrading plumbing systems, creating a demand for TMVs to meet safety standards.
- Growth in Hospitality Industry: The increasing number of hotels and resorts necessitates reliable hot water temperature control, leading to a rise in TMV usage.

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Challenges and Considerations:

- Cost Sensitivity: While TMVs offer safety benefits, upfront costs might deter some potential customers. Manufacturers need to balance functionality with affordability.
- Installation and Maintenance: Proper installation and regular maintenance are crucial for optimal TMV performance. Educational efforts and readily available service options are essential.
- Regional Regulations: TMV standards and regulations can vary by region. Manufacturers need to adapt their products to comply with specific market requirements.

Opportunities for Manufacturers:

Innovation and Feature Development:
- Develop TMVs with advanced features like digital temperature displays, automatic shut-off mechanisms, and anti-scald technology for enhanced safety and user control.
- Design compact and aesthetically pleasing TMVs that seamlessly integrate into modern bathroom and kitchen designs.
Focus on Sustainability:
- Explore water-saving features in TMVs to reduce water wastage while maintaining temperature control.
- Utilize eco-friendly materials in manufacturing processes to minimize environmental impact.
Educational Marketing and Awareness:
- Educate potential customers about the importance of TMVs in preventing scalding accidents through targeted marketing campaigns.
- Highlight the long-term cost savings associated with TMVs by preventing injuries and potential lawsuits.
Diversification and Market Segmentation:
- Develop TMVs catering to different price points and application needs. Offer basic models for residential use alongside advanced features for healthcare facilities and commercial settings.
- Explore opportunities in emerging markets with growing awareness of scald prevention and rising construction activities.

Future Scope:

The future of the thermostatic mixing valve market looks promising due to several trends:

Aging Population: The growing elderly population is at a higher risk of scald injuries, increasing the demand for TMVs in assisted living facilities and homes.
Smart Home Integration: Integration of TMVs with smart home systems for remote monitoring and temperature control could be a future growth driver.
Focus on Water Efficiency: As water conservation becomes a global priority, water-saving TMVs will gain traction in eco-conscious building projects.

Vibrating Screen Market Rising to US$ 4,350.2 million by 2033

The vibrating screen market witnessed a valuation of US$ 2,193.6 million in 2023 and is poised for significant growth in the coming years. Projections indicate a robust 7.1% compound annual growth rate (CAGR) over the forecast period, leading to a total market value of US$ 4,350.2 million by 2033.

The demand for elliptical vibrating screens is expected to maintain its momentum, driven by their versatility, high efficiency, and various other advantages. This segment is forecasted to experience a noteworthy 7.9% CAGR during the assessment period.

This significant surge is propelled by various factors, with a noteworthy contributor being the escalating adoption of vibrating screens crafted from polyurethane materials. Particularly acclaimed in gold, iron ore, and coal processing activities, these screens showcase efficiency in adeptly separating diverse minerals from granular materials and coarse stones. Their versatility positions them as invaluable assets in both wet and dry material processing applications, further fueling the market’s impressive trajectory.

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The increased use of vibrating screens made of polyurethane materials in gold, iron ore, and coal processing activities is expected to drive market growth. These products can separate various minerals from granular materials or coarse stones, making them suitable for both wet and dry materials.

Polyurethane screen sales are expected to increase due to their high durability in a variety of industries, including cherry-picking, iron and steel production, recycling, construction aggregate, and wood processing.

Upswing in mining processes to suffice the requirement for precious metals and hard rock minerals as well as in construction activities to build infrastructure assets is the messiah of pain points of the global vibrating screen market, suggests FMI. On the contrary, the growth trail will get hindered by tumbling mining operations on grounds of environmental amendments to curb carbon footprint and high attrition rate among miners due to on-site adversaries.

Demand for Circular Vibrating Screens in Mining Industry to See an Upturn:

Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.

On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.

Key Players Profiled:

Terex Corporation
Haulotte Group
Oshkosh Corporation
Linamar Corporation
Tadano Ltd
Aichi Corporation
MEC Aerial Work Platforms
Palfinger AG
Hunan Sinoboom Heavy Industries Co. Ltd.
Zheijiang Dingli Machinery Co. Ltd.
Manitou Group
Mantall Heavy Industry Co. Ltd.
Nobleleift Intelligent Equipment Co. Ltd.
IMER International SpA
J C Bamford Excavators Limited

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Market Segments Covered:

Product Type:

Linear Vibrating Screens
Circular Vibrating Screens
Elliptical Vibrating Screens

Drive Type:

Direct Drive
Indirect Drive

End-use Industry:

Construction
Mining
Recycling
Others (Iron & Steel, Power, etc.)

Region:

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

Shaping the Future: 3D Printed Wearable Industry to Hit US$ 10,246.60 Million by 2033, Forecasted with a 9.20% CAGR

The global market revenue for the 3D printed wearable market is anticipated to reach US$ 10,246.6 million by 2033, with a modest CAGR of 9.2% over the forecast period. The market is currently valued at US$ 4,251.7 million in 2023.

There has been substantial growth toward sustainable manufacturing in almost all industries across the world. The 3D printed wearables market, which was in its growing phases a decade ago, is now taking significant strides as the demand for customized wearables reaches its peak. To name a few, 3D printed wearables include products like sneakers and sports shoes in the footwear industry, prosthetic limbs and dental implants in the medical industry, and activewear, sweaters, and rings in the fashion industry.

Leading international companies have already started investing heavily in the development of 3D printing technologies for efficient, robust, and sustainable manufacturing processes so that they can enter this emerging market. There are many instances of these fashion brands partnering up with 3D printing manufacturing companies to come up with a manufacturing unit that caters to such consumers.

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Advancements in medtech are also one of the main drivers of this rising trend. Growing medical tourism in European countries is also a significant contributor to the 3D-printed wearables market, as there is a remarkable demand for medical supplements like prosthetic limbs, dental implants, etc. 3D-printed prosthetic limbs are not only lightweight but have the highest ability to mimic the functions of normal bones and joints in a fully functional human body.

As more people become aware of their health and lifestyle-associated diseases like diabetes and hypertension, there will be a great demand for 3D printed smartwatches and fitness trackers in the coming decades. Sports jerseys and activity trackers endorsed by fitness influencers are also one of the major drivers of the surge in global market revenue. Fashion accessories like sweaters made from fully sustainable materials are also able to attract a lot of millennial youth to the 3D printed wearable market.

“There is little to no awareness regarding the potential of 3D printing in the fashion and medical industries, as the manufacturing process is too slow and limited. With the advancements in medtech, there are very good chances that this market will change the way we design and produce wearable and medical devices,” says Sneha Verghese, Senior Consumer Goods and Products Consultant at Future Market Insights (FMI).

Key Takeaways from the 3D Printed Wearable Market Report

The United States is the largest consumer of 3D printed wearables, with a total market share of 30.2%. It is followed by the UK, Canada, and China.
Region-wise, North America dominates the market, capturing a total revenue share of 40%.
On the basis of product type, the footwear segment dominates the market with a global revenue share of 27.3%.
With the rise in e-commerce businesses across the world, online retailers have become the largest providers of 3D printed wearables, with a share of 66.1%.
3D-printed wearable products also find applications in the medical industry with body supplements like prosthetic limbs, dental implants, etc.

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Competition Analysis

The 3D wearable market is in its growing phase with a few competitors. The demand for 3D printed wearables is growing at a decent rate as several startups are entering the market.

Key manufacturers are focusing on the development of eco-friendly products using 3D printing technology. The fashion industry is contributing to the growth of 3D printed wearables such as shoes, t-shirts, etc. The rise in sales of medical merchandise due to the pandemic is also stimulating sales of 3D printed masks, gowns, face-shields, etc.

Key Companies in the 3D Printed Wearable Market:

DANI PELEG
New Balance
Under Armour
Adidas America Inc.
3D Systems Inc.
Shapeways Inc.
Formlabs
Materialise
Zortrax
Stratasys Ltd.
EnvisionTEC
Carbon, Inc.
Prodways Technologies
Origin
Molecule Corp. (Henkel AG & Company)

Recent Developments in the 3D Printed Wearable Market

Kniterate, a US-based firm, has introduced a new line of 3D printers capable of producing sustainable knitted garments and clothing using natural materials, primarily merino wool, known for its comparatively eco-friendly profile compared to synthetic fibers.
Zellerfeld’s Tailgrip 3D-printed sneakers incorporate recycled materials, eliminating the need for traditional stitching, gluing, and leather binding structures. These shoes can be recycled and rejuvenated even after extended use.
In response to the demand for prosthetic devices in conflict-affected European nations like Ukraine, the Canadian company Victoria Hand Project is employing innovative materials to provide high-performance 3D-printed prosthetics to those in dire need.

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3D Printed Wearable Market Segmentation:

By Product Type:

Footwear
Prosthetics
Orthopedic Implants
Surgical Instruments
Smart Watches
Fitness Trackers

By End-use Sector:

Hospital
Pharma and Biotech companies
Academic Institutes
Others

By Sales Channel:

Online Retail
Offline Retail
Direct Sales
Healthcare Providers
Customization Platforms

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Author

Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.

Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Road Marking Equipment Market worth US$ 2,382.4 million by 2033

Road marking equipment plays a vital role in ensuring safe and efficient traffic flow. This market offers a promising outlook, driven by growing infrastructure development and increasing focus on road safety. Here’s a comprehensive look at the current scenario, opportunities for manufacturers, and the future scope of the road marking equipment market.

Current Scenario:

Rising Infrastructure Investment: Investments in road construction and maintenance projects globally are on the rise, creating a demand for road marking equipment.
Focus on Road Safety: Governments worldwide are prioritizing road safety improvements, mandating the use of proper road markings to enhance visibility and reduce accidents.
Technological Advancements: The development of innovative equipment like automated line marking machines and high-performance paints is improving efficiency and productivity.
Urbanization and Traffic Growth: The expansion of urban areas and increasing traffic volume necessitate clear and well-maintained road markings for traffic management.

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Opportunities for Manufacturers:

Innovation and Efficiency:
- Develop high-performance paints with improved durability and better visibility in various weather conditions.
- Design automated line marking machines for faster application and reduced labor costs.
- Focus on equipment with features like lane departure warning system compatibility for enhanced road safety.
Focus on Sustainability:
- Develop eco-friendly paints with lower VOC content and explore bio-based or recycled materials for equipment components.
- Offer thermal or cold-spray technologies that reduce paint consumption and environmental impact.
Regional Market Specificity:
- Adapt equipment and paint formulations to cater to specific regional needs regarding weather conditions, road types, and regulatory requirements.
Data and Connectivity:
- Integrate sensors and data collection capabilities into equipment to monitor performance, track paint usage, and enable predictive maintenance.
- Explore cloud-based solutions for remote management and data analysis of road marking projects.

Future Scope: A Brighter Road Ahead

The road marking equipment market is expected to witness continued growth due to several factors:

Smart Cities and Connected Infrastructure: The development of smart cities with connected infrastructure will likely increase demand for intelligent road marking systems that can communicate with autonomous vehicles.
Focus on Preventative Maintenance: The growing trend towards preventative maintenance of road infrastructure will lead to a steady demand for road marking equipment for regular line repainting and refreshing.
Emerging Economies: As developing economies invest heavily in infrastructure development, the demand for road marking equipment is expected to rise significantly.

Genset Market Value Surges to US$ 69,218.4 million by 2033

The global genset market value is expected to increase from US$ 44,234.2 million in 2023 to US$ 69,218.4 million in 2033. Over the assessment period, global demand for gensets is projected to surge at a CAGR of 6.6%.

The heightened demand for reliable and uninterrupted power sources to sustain diverse commercial operations positions gensets as indispensable solutions, thus driving their dominance in the global market. The continuous expansion of the commercial sector, coupled with the need for energy resilience, further underscores the pivotal role of gensets in ensuring business continuity and safeguarding against the impact of power disruptions.

Known for their durability and reliability, gensets find application in several sectors, including standby power, prime power, and peak shaving. In contrast, gas gensets, a subsegment, employ natural gas or other gaseous fuels to power an internal combustion engine, offering cleaner emissions and lower operating costs.

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Gensets are indispensable in remote and off-grid areas where conventional grid access is limited or absent. Remote mining operations are often far from established infrastructure, making a consistent and reliable power source necessary. Diesel gensets step in as dependable electricity providers, ensuring continuous operations in the mining sector, where downtime can translate into substantial financial losses.

The residential segment’s robust projected CAGR is driven by the rising adoption of smart home technologies, which often require a consistent power supply and the desire for enhanced energy security in residential settings. Factors such as extreme weather events, grid unreliability, and the need for uninterrupted power for essential household functions contribute to the heightened interest in residential gensets.

Key Takeaways from the Report:

By 2033, global gensets demand is anticipated to rise at a 6.6% CAGR.
The United States genset market is expected to surge at a CAGR of 8.5% by 2033.
Genset sales in China are projected to soar at a CAGR of around 4.9% during the assessment period.
The global genset market is poised to exhibit healthy growth, totaling a valuation of US$ 69,218.4 million in 2033.
Based on end-use, the commercial sector is anticipated to rise at a CAGR of 5.9% by 2033.

Competitive Landscape

The global genset market is fragmented, with leading players accounting for around 17.4% share. Cummins Inc., Caterpillar Inc., Rolls-Royce Power Systems AG, John Deere & Mitsubishi Heavy Industries Ltd, Fischer Panda, Doosan Corporation, Generac Power Systems, Kohler Co., Himoinsa & Harrington Generators International are the leading manufacturers and suppliers of gensets listed in the report.

Key gensets companies invest in continuous research to produce new products and increase their capacity to meet end-user demand. Leading players are also inclined toward adopting growth strategies, including partnerships, acquisitions, mergers, and industry expansions to strengthen their footprint.

Recent Developments in the Genset Market-

In June 2020, Cummins Inc.announced a significant breakthrough with the launch of their next-generation gensets featuring an advanced digital control platform.
On January 25, 2021, Caterpillar Inc.revealed a significant development in the genset market by introducing a new series of gensets focused on sustainability.

Scope Of Report:

Attribute	Details
Estimated Market Size (2023)	US$ 44,234.2 million
Projected Market Size (2033)	US$ 69,218.4 million
Anticipated Growth Rate (2023 to 2033)	6.6%
Historical Data	2018 to 2022
Forecast Period	2023 to 2033
Quantitative Units	Value (US$ million) and Volume (Units)
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Market Segments Covered	Power Range End-use Application Fuel Type Mobility Type Region
Regions Covered	Asia Pacific Europe North America Rest of World
Key Countries Covered	Germany France United Kingdom Italy Spain Russia Rest of Europe		United States Canada Mexico China India Japan South Korea	Australia Rest of Asia Pacific Brazil South Africa Saudi Arabia United Arab Emirates Others
Key Companies Profiled	Cummins Inc. Caterpillar Inc. Rolls-Royce Power Systems AG John Deere Mitsubishi Heavy Industries Ltd. Atlas Copco	Kohler Co. Doosan Corporation Himoinsa Harrington Generators International Fischer Panda Generac Power Systems			Yanmar Co., Ltd. KIRLOSKAR oil engines Ltd Wuxi Kipor Power Co., Ltd. Deutz AG Ettes Power Lovol Lister Petter

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Genset Market Segmentation by Category

By Power Range:

Below 55 kW
56 to 130 kW
130 to 330 kW
330 to 560 kW
560 to 750 kW
750 to 1000 kW
1000 to 3000 kW
Above 3000 kW

By End-use:

Residential
Commercial
- Telecom
- Healthcare
- Data Centers
- Educational Institutions
- Government Centers
- Hospitality
- Retail Sales
- Real Estate
- Infrastructure
- Others
Industrial
- Oil and Gas
- Manufacturing
- Construction
- Electric Utilities
- Mining
- Transportation and Logistics
- Others

By Application:

Standby
Peak Shaving
Prime/Continuous

By Fuel Type:

Diesel
Gas
Others

By Mobility Type:

Stationary
Mobile

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets.

Contact Us:

Nandini Singh Sawlani

Shaping Trends: Hair Styling Products Market Set to Reach US$ 39.9 Billion by 2033 with an Average 5.4% CAGR

The hair styling products market is expected to reach a valuation of US$ 23.5 billion in 2023 and is projected to be worth US$ 39.9 billion by 2033. The market is expected to record a significant CAGR of 5.4% CAGR.

Hair styling product manufacturers are increasingly developing multi-functional and innovative products that cater to the changing needs of consumers. Products that offer benefits such as heat protection, anti-frizz, and UV protection, along with their primary styling function, are becoming more popular among consumers.

Hair styling products that offer long-lasting shine and volume without causing damage to the hair are also in high demand. Multiple-purpose hair styling products, such as hair dryers with built-in styling tools, are becoming increasingly popular. The demand for these products has increased significantly due to the better quality and results that professional hair styling products provide compared to alternatives that can be made at home.

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The market for high-end, specialized products for professional use is increasing, focusing on efficiency, longevity, and great styling results. These products meet the needs of both consumers and experts by accommodating a variety of hair types, textures, and styles. Many people are searching for the same products used by top stylists for the ultimate in hairstyle perfection, which has only served to fuel this trend as a result of the growth of digital networking.

Growing Innovation and Product Improvement in Hairstyles, as well as a Huge Shift in Global Fashion Trends

As a result of developments, ingredients used in hair styling products have changed, as has the technology behind them. For instance, hair care products that stop hair loss, improved product preparations, and an increase in the availability of hairstyling and colorant products, have been a sign of individual identity. Earlier, only women purchased hairdo products. Guys are becoming more interested in using clays, waxes, and other styling products on their hair. This is also relevant because the world’s fashion trends are ever-evolving.

Growing Popularity and Introduction of Organic Hair Styling Products:

The introduction of organic products is another significant aspect that is driving the hair styling products market. People were hesitant to use hair products because they had so many drawbacks. A lot of people are also experiencing excessive hair loss, which makes it difficult for them to use hair products. The demand for organic hair care products is expanding significantly in the global market for hair styling products. The leading players in the market have launched a new line of organic products to draw clients.

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Key Takeaways:

The market in Japan is expected to record a CAGR of 4.1% over the forecast period.
Several companies focus on sustainability, eco-friendliness, and ethical sourcing in their product offerings to meet consumer demands and remain competitive.
The use of social media and influencer marketing is becoming increasingly important in promoting hair styling tools and building brand awareness.
Asia Pacific is expected to be a significant market for hair styling tools due to increasing disposable income, urbanization, and changing consumer preferences.
The hairspray segment is expected to record a CAGR of 6.1% through the forecast period.

Competitive Landscape:

The competitive landscape of the hair styling products market is highly fragmented, with global and regional players competing for market share. Some key players in the market include L’Oreal SA, Procter & Gamble Co., Unilever PLC, Henkel AG & Co. KGaA, Amway Corporation, Avon Products Inc., Revlon Inc., Kao Corporation, Shiseido Company Limited, Estee Lauder Companies Inc.

These companies compete on product quality, pricing, marketing, and distribution strategies. They are investing in product innovation, expanding their portfolio, and exploring new distribution channels to remain competitive. Furthermore, companies focus on sustainability and ethical sourcing to meet changing consumer demands and stay ahead of the curve.

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Key Segments

Hair Styling Products Market by Product:

Hair Gels
Hair Sprays
Styling Creams & Waxes
Hair Mousse
Others

Hair Styling Products Market by End Use:

Household
Salons & Spas
Fashion Industry

Hair Styling Products Market by Gender:

Male Hair Styling Products
Female Hair Styling Products
Unisex Hair Styling Products

Hair Styling Products Market by Sales Channel:

Wholesalers/Distributors
Supermarkets/Hypermarkets
Convenience Stores
Specialty Stores and Online Stores

By Region:

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

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Evolving Homes: Smart Home Devices Market Sees Demand Surge with a 17.8% CAGR by 2033

The global smart home devices market is projected to have a CAGR of 17.8% during the forecast period. The current valuation of the smart home devices market is US$ 58.4 Billion in 2023. The value of the smart home devices market is anticipated to reach a high of US$ 300 Billion by the year 2033.

The key elements pushing the demand for smart home devices are the rising need for energy-efficient and low-carbon-emission solutions, which eventually drive the global smart home devices industry growth. The rapid adoption of new technologies such as the internet of things (IoT), blockchain, smart speech recognition, artificial intelligence (AI), and others has a significant influence on market growth.

The technology enables smart home items to detect users’ voices and respond with customized replies. The rising usage of IoTs in emerging and developed nations has aided the growth of the smart homes market. The capacity of technology to provide interconnection between devices has contributed to increased demand for smart home solutions. The introduction of flush-mounted light control, which converts current light switches into smart solutions that can be seamlessly connected to the smart home system and handled with simplicity, has increased demand for smart home devices.

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Existing light switches just need to be converted with the appropriate adapters and fitted by a professional, easing end users’ labor. The inhabitants of the house may then control the lights manually or by smartphone and tablet, as desired. These goods are projected to contribute to the increasing need for smart home appliances.

Climate change is driving demand for electrical cooling and heating systems, while IoT is enhancing automation across various sectors, including lighting, HVAC, and healthcare. Manufacturers are continually innovating smart home devices to cater to tech-savvy consumers and expanding the industry with high-tech features for connected homes.

Smart Home Solutions May Save the Planet! With a CAGR of 17.8%, the Adoption of Smart Home Devices is likely to Steadily Increase.

However, the high cost of smart home installations is a market constraint. Market expansion is projected to be hampered by the price range. Furthermore, consumer security and privacy issues associated with increasingly connected devices are expected to be a barrier to the smart home devices industry growth throughout the forecast period.

Key Takeaways:

During the forecast period, the US is expected to account for the largest share of the global smart home devices market. This is attributed to increased demand in the United States for energy-saving and low-carbon-emission solutions. Moreover, energy efficiency is crucial to the economic development of the country.
The smart home devices market in the Asia Pacific is predicted to develop rapidly, particularly in Japan and India, during the projected period. This is owing to “Calm Technology & Design” ideals and technological ability incorporated by regional players, to effectuate a pleasant digital existence in which technology works in perfect harmony with humans.
Owing to IT-enabled tech items piquing the interest of millennial customers, the “entertainment & other controls” product type is expected to hold the greatest revenue, through the forecast period.
As a wide range of gadgets is accessible online, the “online retailer” sales channel type, accounts for a significant share and is the most popular distribution channel type.

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Competitive Landscape:

The smart home devices market is undergoing a transformative phase driven by technological advancements, offering substantial opportunities for major suppliers to meet growing customer demand with innovative product lines.

Who is winning?

Some of the key players present in the smart home device market are

Samsung Electronics Co. Ltd.
LG Electronics
Siemens AG
Honeywell International Inc.
Schneider Electric
Koninklijke Philips N. V
Amazon.com Inc.
Robert Bosch GmbH
Apple Inc.
Nest Labs
UNITED TECHNOLOGIES
Panasonic Corporation
Sony Corporation
Midea Group
ORVIBO Inc.

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Recent Developments:

In August 2020, Honeywell Inc. partnered with Latch app to create more modern, full building experience. Honeywell thermostats give residents and property managers the ability to remotely control the temperature and oversee energy management.
In Dec 2019, Schneider Electric launched Easy Homes which is IoT enabled. Easy homes empower customers to manage power in their homes through a single app. It converts homes into a smart home turning every switch and appliance into a connected device.

Smart Home Devices Market by Category

Product Type

Security Lighting Control Smart Home Device
Access Control Smart Home Device
HVAC Control Smart Home Device
Entertainment and Other Control Smart Home Device
Kitchen & Home Appliances
Healthcare Smart Devices

Price Range

Below US$ 25 Smart Home Device
US$ 25-35 Smart Home Device
Above US$ 35 Smart Home Device

Sales Channel

Direct Sales
Mono Brands
Supermarkets/Hypermarkets
Department Stores
Specialty Stores
Online Retailers
Other Sales Channel

Region

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

Author

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

North America Snowplow Industry Size Rising to US$ 1,127.5 million by 2033

The North America snowplow industry paves the way for safe winter travel and keeps businesses and communities running smoothly. While the market offers stability, recent trends and future outlooks require strategic maneuvering from manufacturers. Let’s delve into the current landscape, explore opportunities for manufacturers, and navigate the road ahead for this essential industry.

Current Scenario:

Fluctuations in Snowfall: Average annual snowfall has dipped in recent years, leading to less demand for new snowplow purchases by municipalities and private contractors.
Economic Downturn: Periods of economic slowdown can lead to budget tightening by municipalities, impacting snowplow purchases.
Maturing Market: The market for basic snowplow models might be reaching saturation in some regions, with existing equipment lasting longer.

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Opportunities for Manufacturers:

Despite the current climate, there’s room for growth by focusing on key areas:

Innovation and Efficiency:
- Develop snowplows with improved fuel efficiency and lower operating costs.
- Integrate features like automated blade adjustments, self-cleaning mechanisms, and advanced lighting systems for enhanced performance and safety.
Specialty Solutions:
- Design snowplows for specific applications like airports, narrow streets, or sidewalks, catering to a wider range of customers.
- Focus on lightweight and maneuverable plows for smaller vehicles used in urban areas.
Aftermarket and Service:
- Provide readily available replacement parts and offer comprehensive maintenance and repair services for existing snowplows.
- Develop training programs for snowplow operators on efficient and safe operation practices.
Data and Connectivity:
- Explore options for integrating sensors and data collection capabilities to monitor snowplow performance and track maintenance needs.
- Develop potential remote diagnostics and troubleshooting services for improved efficiency.
Focus on Sustainability:
- Consider using recycled materials in plow manufacturing and explore eco-friendly de-icing solutions for reduced environmental impact.
- Develop snowplows that are compatible with electric or hybrid vehicles, aligning with the growing trend towards sustainable snow removal.

Future Scope:

While the immediate future might see steady growth, long-term prospects hold promise:

Climate Change: With unpredictable weather patterns, extreme snowfall events could become more common, leading to increased demand for reliable snowplows.
Urbanization and Infrastructure Growth: As cities expand, the need for efficient snow removal on a larger scale will rise, driving demand for snowplow equipment.
Technological Advancements: The integration of automation, data analytics, and alternative fuel sources could revolutionize snowplow design and operation, creating new market opportunities.

Patient Registry Software Market to Surge at 8.8% CAGR, Projected to Reach US$ 4.4 Billion by 2032

The global patient registry software market is estimated at US$ 4.4 Billion while expanding at a CAGR of 8.8% from 2022 to 2032. The market is valued at US$ 1.9 Billion in 2022. The growth of the market can be attributed to the increasing adoption of EHRs in the healthcare sector. The implementation of various favorable government initiatives is expected to strengthen the market in the forecast period.

For instance, in 2016, the U.S. introduced the Cures Act, which aims to develop medical products and offer innovative technology in the medical sector. Also, the incorporation of AI into EHRs is anticipated to offer various expansion opportunities. For instance, in October 2019, various scripts along with Northwell Health made an agreement to offer the next-generation electronic health record. The agreement aims to massive revenue generation, thereby, fuelling the market expansion in the coming time.

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On the other hand, concerns associated with data privacy and security are expected to hinder the market growth in the forecast period. According to the Identity Theft Resource Center, the U.S. recorded about 1.473 breaches in 2019, a rise of 17% against 2018. However, the emergence of cloud-based EHR is anticipated to offer significant opportunities to the market and act as a significant counter to the impeding cause, thereby, supporting the market expansion.

Key Takeaways from the Patient Registry Software Market Report:

The global patient registry market is expected to garner US$ 1.9 Billion in 2022
Global market demand flourished at a 10.4% CAGR from 2015 to 2021
The commercial registry software segment to expand at 8.9% from 2022 to 2032
The US market size to garner US$ 1.5 Billion by 2032
Market in Brazil to value US$ 57 Million from 2022- to 2032
The CAGR of China is expected to be 10.5% from 2022 to 2032
The diabetes registry segment is projected to experience a CAGR of 9.3% from 2022 to 2032

Competition Analysis:
Key players in the global patient registry software market include Dacima Software Inc., Evado eClinical Solutions, IQVIA, Global Vision Technologies Inc., and Invitae. Recent developments among key players are:

In June 2020, ArborMetrix Inc. (US) entered into a strategic partnership with The Society of Interventional Radiology (SIR). The initiative aims to offer the IR Quality Registry to enhance patient care by deploying analytics.
In March 2021, ESO Solutions announced a strategic partnership with Virginia EMS Systems (US) to provide an EMS data repository and trauma registry across the state.
In April 2021, IQVIA Holdings accomplished the remaining 40% of Q2 solutions from diagnostic information services provider Quest Diagnostics.
In December 2020, ImageTrend, Inc. (US) disclosed the latest National Trauma Data Bank (NTDB) Data Dictionary that would be available in the Patient Registry from January 1, 2021.

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More Valuable Insights:
Future Market Insights, in its new offering, presents an unbiased analysis of the global patient registry software market, presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Type (Public Domain Registry Software, Commercial Registry Software), Disease Area (Diabetes Registry, Cardiovascular Registry, Cancer Registry, Rare Disease/Orphan Disease Registry, Other Chronic Disease Registry), End-User (Government, Commercial), & Regional (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Patient Registry Software Market Segmentation:

By Type:

Public Domain
Commercial

By Disease Area:

Diabetes
Cardiovascular
Cancer Patient
Rare Disease/Orphan Disease
Other Chronic Disease

By End User:

Governments
Commercial Use

By Region:

North America
Europe Patient
Asia Pacific
MEA Patient
Latin America

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani

VPN Software Market Sees Explosive Growth Projections: Anticipated 14.1% CAGR Targeting US$ 7.2 Billion by 2033

The global VPN software market is expected to reach a value of US$ 1.7 billion in the year 2023. This market is anticipated to continue expanding at a steady rate of 14.1% annually, eventually reaching a total worth of US$ 7.2 billion by the year 2033.

VPN software is being adopted by businesses across the globe to provide remote workers with secure and reliable access to organizational systems. Internet users increasingly rely on virtual private network (VPN) software and services to preserve their circumvent censorship, privacy, and access to geo-filtered content.

A Virtual Private Network (VPN) is a way to extend a private network through a public network such as the internet. VPN software providers are majorly focusing on two solutions such as IPSec (IP Security Protocol) and OpenVPN that improve network security and scalability.

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Virtual private network (VPN) software in particular plays an integral role in securing high-performance internet freedom. Growing mobile and cloud applications is one of the key drivers of the global VPN software market.

With rising number of VPN cloud applications and VPN services used by enterprises, companies are exploring applications that can be integrated into existing IT infrastructure rather than investing in entirely new infrastructure and components. It also offers various benefits such as the breadth of access and extended global reach, flexibility, resiliency, security, proactive management and reporting, and service agility.

With the advancement of internet and multimedia computer technologies, virtual classrooms have appropriate technical support. In remote virtual classrooms, VPN software is being used to modify traditional ways of education and introduce fundamental changes in learning and teaching methods.

Remote access VPNs and site-to-site VPNs are the two basic types of VPN connectivity. VPN software offers a wide range of benefits such as secure and fast connections, real-time control of 3G charges, one-click operation, easy administration, and high profitability through low operation costs.

Remote-access VPNs allow individual remote users to connect to a remote network such as roaming students connecting to their campus intranet. Increasing demand for virtual classroom-related technology, along with growing need for remote access VPN in institutes for education will augment the growth in the market.

Key Takeaways from the VPN Software Market Report:

By deployment mode, demand in the cloud-based VPN software segment is anticipated to increase at a CAGR of 15.5% between 2022 & 2032.
By enterprise size, the large enterprises segment is anticipated to account for a dominant share of the global VPN software during the forecast period.
By application, the service provider segment is estimated to grow 5.7X during the forecast period
By industry, the adoption of VPN software in the BFSI segment is anticipated to increase at a CAGR of 18.0% between 2022 & 2032.
Total sales of VPN software in the U.S. are expected to hold 80.3% of the North America market share by 2032.
In India, demand for VPN software is expected to grow 6.9X by 2032.
The VPN software market in China is estimated to create an absolute opportunity of US$ 408.5 Mn over the forecast period.

Competitive Landscape

Key players are developing new technologies such as advanced VPN solutions and cloud computing platforms for providing secure access to remote users. Remote access and site-to-site VPN connectivity will create attractive opportunities for the VPN software market players.

Key Players:

Cisco Systems, Inc.
GZ Systems Ltd.
Nord Security
CactusVPN
NCP Engineering GmbH
Netgear Inc.
Huawei Technologies Co., Ltd.
Array Networks, Inc.
Microsoft Corporation
Virtela
Robustel
Singtel
Oracle Corporation
Contemporary Controls
Sophos

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More Valuable Insights on VPN Software Market

FMI’s report on the VPN software industry research is segmented into five major sections – deployment mode (on-premise VPN software, and cloud-based VPN software) enterprise size (small and medium-sized enterprises (SMEs), large enterprises), application (consumer, commercial, and service provider), industry (IT & telecom, retail, government, healthcare, BFSI, manufacturing, and others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the VPN software demand outlook.

VPN Software Market Segmentation:

By Deployment Mode:

On-premise VPN Software
Cloud-based VPN Software

By Enterprise Size:

Small and Medium-sized Enterprises (SMEs)
Large Enterprises

By Application:

Consumer
Commercial
Service Provider

By Industry:

IT & Telecom
Retail
Government
Healthcare
BFSI
Manufacturing
Others

By Region:

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

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Nandini Singh Sawlani