Industrial Radiography Equipment Market Scenario and Influencing Trends 2027

According to a new market research report published by Transparency Market Research titled ‘Industrial Radiography Equipment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global industrial radiography equipment market was valued at US$ 574.8 Mn in 2018 and is expected to expand at a CAGR of 6.75% from 2019 to 2027, to reach value of US$ 1,032.7 Mn by the end of the forecast period.

Growing popularity of industrial radiography across the globe to fuel the market

Industrial radiography is increasingly being used in various sectors, such as aerospace & defense, semiconductor, and oil & gas, in order to ensure the structural integrity of products and identify faults, if any, in the manufacturing of components. This is projected to augment the demand for industrial radiographs across the globe. This, in turn, is likely to fuel the industrial radiography equipment market during the forecast period.

Increasing miniaturization in the semiconductor industry to fuel the global industrial radiography equipment market

Over the last few years, the semiconductor industry has been flourishing across the globe, especially in developing economies such as China and India. There have been several technological advancements in the field of semiconductors as the size of electronic components continues to shrink and the demand for high-performance products with increased efficiency in terms of power consumption is increasing.

The shrinking size of components makes it difficult to conduct quality tests on components such as printed circuit boards (PCBs), wafers, plug contacts, and wiring. With the help of industrial radiography, it is possible to carry out nondestructive analysis of electronic components such as surface-mount devices (SMDs) and column grid arrays; to identify solder bumps in ICs; and to study the thickness of materials coated on PCBs. Industrial radiography is increasingly being used in the semiconductor sector by key players engaged in the manufacture of electronic components in order to ensure high quality and efficient performance.

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Digital radiography segment to expand at a rapid pace throughout the forecast period

Based on imaging technique, the global industrial radiography equipment market has been divided into film-based radiography and digital radiography. Furthermore, the digital radiography segment has been sub-segmented into direct radiography, computed radiography, and computed tomography. Owing to high quality of images generated with the help of digital radiography, the digital radiography segment is expected to expand at a rapid pace during the forecast period. High quality of images makes it possible to better analyze the quality of components under consideration.

Asia Pacific to be rapidly expanding market for industrial radiography equipment led by rising popularity of laundromats in the region

In terms of geography, the global industrial radiography equipment market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. In 2018, North America was the leading market, followed by Europe. The market in Asia Pacific is expected to expand at the maximum CAGR from 2019 to 2027, due to rising popularity and growing adoption of industrial radiographs across various sectors in the region.

Key players focusing on expanding their footprint worldwide and gain a competitive edge

Key players operating in the global industrial radiography equipment market are focusing on the development of new products and their introduction in the market to gain a competitive edge and improve their brand positioning in the market. For instance, in November 2018, Fujifilm Corporation announced that it would be adding two new digital radiography (DR) detectors i.e. the Calneo Dual (available only in Japan) and the FDR ES to its portfolio of digital radiography solutions.

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Furthermore, major players are engaged in forming strategic alliances with peers and less established players in order to gain market share. Key players operating in the global industrial radiography equipment market are Fujifilm Corporation, Comet Group, Shimadzu Corporation, Nikon Corporation, and North Star Imaging.

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NFC Chips Market 2020-2030 Is Booming Worldwide with Comprehensive Study Explores Huge Revenue Scope in Future

Transparency Market Research delivers key insights on the global NFC chips market. In terms of revenue, the global NFC chips market is estimated to expand at a CAGR of 7.5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global NFC chips market.

The global NFC chips market is broadly affected by several factors, including rise in demand for NFC chips among consumer electronics manufacturers, and government initiatives and subsidies coupled with rising applications in various sectors. Thus, expanding application of NFC chips in different sectors is propelling the global market for NFC chips.

NFC Chips Market: Prominent Regions

NFC chips market revenue generation in North America is expected to continue during the forecast period, owing to presence of key market players, technological advancements, and advancement in electronic appliances and services provided in the region. Business performance of the NFC chips market in Europe is expected to be favorable during the forecast period, as the rate of adoption of technologies is significantly high in the region. Countries, including Germany, Italy, and France have prominent industrial manufacturers.

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This boosts the NFC chips market in Europe. The NFC chips market in Asia Pacific is expected to expand at a notable pace, owing to the presence of electronic hubs such as China and South Korea in the region. Additionally, the presence of all major manufacturers in the region is likely to play a key role in driving the market for NFC chips.

Near field communication (NFC) is one of the recent advancements in the short-range wireless connectivity technology that leverages existing interconnection and contactless identification technologies. Over the past couple of decades, as the NFC technology continued to evolve at a rapid pace, the demand for NFC chips witnessed a consistent growth due to which, the NFC chips market has exhibited a positive growth rate over the past few years– a trend that is expected to carry forward during the forecast period.

While advancements in the financial payments sector will open up new avenues for players operating in the current NFC chip market, the increasing adoption of NFC chips from medical equipment, cosmetic, and automotive sectors is projected to provide an impetus to market growth. At the back of these factors, along with consistent advancements in technology, the global NFC chips market is on course to surpass US$ 5.6 Bn by the end of 2030.

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The advent of the novel COVID-19 pandemic is likely to have a sizeable influence on the overall growth of the global NFC chips market in 2020. While the demand for NFC chips from non-healthcare sectors is anticipated to remain modest in 2020 due to the ongoing COVID-19 crisis, healthcare and payment sectors are tipped to emerge as major end-use sectors of NFC chips during the pandemic. The increasing demand for contactless payment coupled with increasing need to improve the communication among the medical staff across hospitals is some of the major factors that are likely to boost the growth of the global NFC chips market during the assessment period.

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Construction Market Overview, Trends, CAGR and Forecast 2020-2027

Transparency Market Research delivers key insights on the global construction market. In terms of revenue, the construction market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in the construction market report.

In the report, TMR predicts that the construction market would be largely driven by factors, such as rise in population and investments in infrastructure. Increase in demand for multifunctional characteristics of construction products, use of artificial intelligence, and a streamlined supply chain are expected to drive the construction market during the forecast period.

According to the construction market report, the type segment includes heavy & civil engineering (bridges, roads, railways, airports, and others (sewage, under bridges, etc.), general construction (residential, commercial, industrial), and others (specialty trades, maintenance, etc.) Based on type, the heavy and civil engineering segment accounts for major share. The development of transport infrastructure in various countries contributes maximum to this segment. Maximum investment is for building roads, bridges, and rail lines. The segment is projected to expand at a significant rate in the near future.

In terms of general construction, the residential segment accounts for maximum share of the market. It is estimated to maintain its dominant position during the forecast period. Various housing policies, low interest on loans, and increasing population are key factors responsible for the expansion of the residential segment. Urbanization, modernization, and rise in population are factors leading to infrastructure investments, which is boosting the global construction market.

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Construction companies are expanding their business to new geographies. The construction market is strongly dependent on the economy and spending power of consumers. Various construction companies have adopted a lean approach to increase efficiency and maintain stability. These factors are estimated to drive the construction market during the forecast period. Shortage of skilled labor, rise in raw material cost, changing political conditions, growing environmental concerns, and lack of investment are restrains of the construction market.

Construction Market: Prominent Regions

Asia Pacific holds a major share of the global construction market, followed by North America. Key players largely depend on geographical expansion, promotions, and technological advancements to cater to customer demand and gain a competitive edge in the construction market.

Asia Pacific accounted for approximately 40% share of the global construction market in 2018, followed by Europe and North America. It is anticipated to maintain its dominance in the market during the forecast period, due to rapid industrialization and urbanization in the region.

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Construction Market: Key Players

Key players operating in the global construction market include China Communications Construction Company Ltd, Vinci SA, Bouygues SA, Larsen & Toubro Limited, Strabag SE, Power Construction Corporation of China, Actividades de Construcción y Servicios or ACS, Bechtel Corporation, Skanska AB and TechnipFMC plc.

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Biomedical Refrigerators and Freezers Market Future Growth, CAGR and Forecast 2020-2027

According to a new market report published by Transparency Market Research titled “Biomedical Refrigerators and Freezers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,” the global biomedical refrigerator and freezer market is expected to reach a value of US$ 7122.4 Mn by 2027. In terms of value, the market is estimated to expand at a CAGR of 4.5% during the forecast period from 2019 to 2027. North America is accounted for the major sales of biomedical refrigerators in 2018 and expected to maintain its dominance in coming years.

Biomedical refrigerators and freezers are medical devices that are specifically used to store medical samples such as medicines, vaccines, flammable chemicals, enzymes, blood, and blood products. Biomedical refrigerators and freezers are used in hospitals, research laboratories, diagnostic centers, pharmacies, and blood banks etc. Unlike domestic refrigerators and freezers, biomedical refrigerators and freezers provide optimum conditions for storage of medical products.

Based on the application in different fields, biomedical refrigerators and freezers are of different types. For example, ultra-low temperature (ULT) freezers are insulated cabinets that maintain temperatures ranging from -70 degree C to -80 degree C. These freezers are primarily used in research laboratories and biomedical engineering facilities.

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Furthermore, blood bank refrigerators are medical equipment primarily used in blood banks. They maintain temperatures that range between +1 degree C to +6 degree C. Transparency Market Research analyses the global biomedical refrigerators and freezers market in terms of value in US Mn.

Based on product type, plasma freezers accounted for the largest share in the global biomedical refrigerator and freezer market. Factor attributing the segment growth is increasing number of apheresis procedures performed, coupled with rising demand for the storage of fresh frozen plasma (FFP). In addition, increasing number of hospitals, research laboratories, and pharmacies have resulted in enhanced adoption of biomedical refrigerators and freezers. These factors are expected to drive the growth potential of biomedical refrigerators and freezers.

One of the main challenging factors impacting the growth of the biomedical refrigerator and freezer market is the fact that it is a highly fragmented and intensely competitive market. The amount of equipment purchased by end-users is expected to range from medium to low due to long lifespan of the equipment.

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Moreover, increase in the number of local competitors is expected to reduce the cost of equipment, which is expected to challenge the expectations of market players. Furthermore, increase in use of refurbished equipment is expected to hamper the growth of the biomedical refrigerator and freezer market globally. According to U.S. Food and Drug Administration (FDA), various medical experts have expressed concerns about the safety, quality, and effectiveness of refurbished medical devices.

The top companies considered while studying this report of the global biomedical refrigerator and freezer market are Aegis Scientific, Inc., Eppendorf AG, Haier Biomedical, Liebherr Group, Panasonic Healthcare Co., Thermo Fisher Scientific, Inc., Terumo Corporation, Philipp Kirsch GmbH, and Helmer Scientific.

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MSW Bag Opener Market Growth, Overview, Trends, CAGR and Forecast 2020-2030

 

• MSW bag opener is a machine installed in waste treatment plants or facilities to sort or segregate municipal solid waste. Furthermore, a MSW bag opener is used to recover recyclable materials. Whereas, MSW bag opener are used for Zero Waste and Bio-remediation.
• The global manufacturing industry has been severely affected by the suspension of manufacturing activities in the wake of the COVID- 19 pandemic, due to the shutdown of some component manufacturing facilities across Europe, Japan, China, and the U.S. Shortage of labor coupled with potential supply chain blockage of equipment and materials is expected to hamper the production and manufacture of MSW bag opener across developed and developing countries This has hampered the MSW bag opener market.

Key Drivers of MSW Bag Opener Market

• Rise in demand for MSW bag opener in waste treatment plants to control waste is a key factor driving the market
• Increased awareness about reducing, recycling, and reusing of waste across the globe is anticipated to boost the global MSW bag opener market
• Stringent regulations and inclination toward energy conservation by governments of developed and developing countries is expected to further propel the MSW bag opener market during the forecast period. Additionally, rise in number of waste treatment facilities across the world is projected to propel the global MSW bag opener market.

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• Rise in demand for MSW bag opener in construction, food & beverage, and agriculture industries in order to sort and separate municipal solid waste is estimated to drive the MSW bag opener market
• Dynamic industrial development and rise in population are important factors augmenting the MSW bag opener market across the world

Asia Pacific to Hold Significant Share of Global MSW Bag Opener Market

• Expansion of the manufacturing sector, increase in industrialization in Asia Pacific, and growing agriculture activities are driving the MSW bag opener market in Asia Pacific. Moreover, rise in awareness about recycling and reuse of waste is expected to boost the MSW bag opener in the region.
• North America is expected to hold a significant share of the global MSW bag opener market due to stringent rules enacted by governments for waste disposal & recycling, which in turn, is estimated to fuel the MSW bag opener market in the region
• Stringent regulations and inclination toward energy conservation are anticipated to drive the MSW bag opener market in Europe in the near future
• Rise in social and economic development in countries in Africa, such as Nigeria, South Africa, and Angola; and expansion of construction and manufacturing industries in these countries are anticipated to augment the MSW bag opener market in the region.

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Companies operating in the MSW bag opener market are increasingly investing in research and development to introduce innovative techniques to manufacture MSW bag opener. Manufacturers are also focused on offering highly efficient MSW bag openers with advanced technology in order to retrofit into existing facilities across various industries. The global MSW bag opener market is highly concentrated with the top manufacturers accounting for approximately 45% to 50% share of the market in 2019. Key players operating in the global MSW bag opener market are:

• ACI Chemicals Asia. Inc.
• BOA RECYCLING EQUIPMENT BV
• BRT HARTNER
• Coparm Srl
• CP Manufacturing, Inc.

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Automotive Tailgate Market Gross Margin, Attractiveness, Competitive Landscape and key Players

The global automotive tailgate market is brimming with competitive vendors, according to a Transparency Market Research (TMR).  Vendors in the global automotive tailgate market are focused on production of novel, attractive designs, to attract consumers and impact sales. The vendors are expected to retain efficient components without compromising on aesthetics. Other than this, vendors in the global automotive tailgate market are seen leveraging organic as well inorganic growth strategies in order to gain momentum in the industry.

Some of the key schemes identified by TMR analysts include launch of new products, approvals and patents, and events. Vendors in the global automotive tailgate market are involved in expanding their business through mergers and acquisitions, collaborations, and partnerships.

Leading names in the global automotive tailgate market include Plastic Omnium, Robert Bosch GmbH, SEOYON E-HWA, HELLA GmbH & Co. KGaA Rockland Manufacturing Company, and Magna International Inc.

As predicted by TMR, the global automotive tailgate market is likely to be worth US$15 bn by 2027-end. Over the forecast tenure from 2019 to 2027, the market is estimated to rise at a 4% compound annual growth rate (CAGR).

Original Equipment Manufacturers (OEMs) are expected to emerge as the leading sales channel segment over the forecast period. As OEMs offer best-in-class quality of components and automobile parts, the segment is projected to exhibit lucrative growth. This trend is expected to continue over the forecast period. Geographically, Asia Pacific is anticipated to hold a leading market share. The vast volume of vehicles produced in the region may be considered to be the key reason boosting Asia Pacific molded plastics market. Further, high per capita incomes in developing countries such as China, India, and Japan are leading to high sales of automobiles in Asia Pacific. This is expected to strengthen the regional over coming years.

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Demand for Lightweight Cars to Influence Automotive Tailgate Market

Because it requires less power to speed up a light object than a heavier, lightweight materials give considerable potential to increase the effectiveness of vehicles. A 10% decrease in car weight could lead to an enhancement in fuel efficiency by 6% to 8%.  For significant car companies such as Citroen C4, Range Rover and Peugeot, companies such as the Plastic Ominum and the Magna International supply composite material tailgates. In addition, the carbon-based composite tailgate decreases the general weight of the tailgate, and consequently the demand for automotive plastic tailgates will probably boost in the era of forecasting.

High Sales of Luxury Cars to Boost Market Opportunity

Driving forces such as demand for convenience and luxury drive the automotive tailgate market strongly coupled with increasing attention to security and driverless vehicles. The manufacturers of this luxury vehicle experiment in distinct models to create an elegant appearance and feel on the rear. In the new generation of individuals because of enhanced convenience, appearance, and velocity, this is an appealing characteristic. 

The automotive tailgate market is expected to be highly motivated by increasing demand for luxury cars, an enhanced preferential treatment for sophisticated electronic cars and the soaring implementation of sophisticated safety features. A factor that may hamper the growth of this market is the steep cost of these systems.

However, simple access to financing with custom financing options, a decrease in the prices of car loans, and an increase in users ‘ incomes are expected to help increase the automotive tailgate market in the next few years.

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This review is based on TMR’s report titled, “Automotive Tailgate Market (Tailgate Type – Hydraulic Operated, Power Operated, Manual; Vehicle Type – Passenger Vehicle (Hatchback, Sedan, Utility Vehicle), Commercial Vehicle (LCV, HCV, Buses); Material – Metal, Plastic; Sales Channel – OEMs, Aftermarket) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.”

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HoReCa Drip Coffee Maker Market to Witness Steady Expansion During 2020 to 2025

The global HoReCa drip coffee maker market is highly fragmented in nature. Strong presence of several players and low entry barriers are expected to make the competition highly intense in the forthcoming years. The declining growth rate of the global market is forcing companies to launch innovative products with impactful marketing strategies. Some of the key players operating in the global HoReCa drip coffee market are JURA Elektroapparate AG, Bunn-o-matic Corp, and Crem International AB.

According to the research report, the global HoReCa drip coffee maker market is expected to be worth US$352.7 mn by the end of 2025. During the forecast period of 2017 and 2025, the global market is expected to exhibit a CAGR of -0.4%. Regionally, the Middle East and Africa and Asia Pacific are expected show slightly positive progress in the global HoReCa drip coffee maker market during the forecast period. In terms of HoReCa type, the market is segment is into full service restaurants and quick service restaurants. Both these segments are expected to decline during the forecast period.

Drip Coffee Maker brews coffee by percolating hot water through a brew basket of coffee grounds. Coffee is captured in a decanter that may be heated by a warming plate. HoReCa drip coffee makers are being manufactured by the various large scale companies with plants, where they are packaged and supplied globally. The majority of European based manufacturers are supplying the products globally.

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Growing urbanization and development in the foodservice industry, the expansion of a number of MNC outlets/ local coffee chains are driving the market. Innovative coffee shops and tea houses are bringing late-night café culture to several countries globally.  It has become a part of culture with the rising population of millennials being provided with essentials in the cafés such as wireless connectivity and serene and peaceful environment and also space to socialize. The allure of drinking a cup of coffee has become a part of everyday lifestyle or in some cases an addiction – of today’s growing number of millennial population. For youngsters, coffee shops have become a place to socialize which provides a clean, peaceful and serene environment. Coffee shops have become a part of coffee culture.

Some of the restraints that are potentially restricting the growth of HoReCa drip coffee maker market is the advent of new technologies and the consumer shift towards pod coffee and capsule coffee, which are some of the key roadblocks that have plagued the industry’s development over the years. Continuous innovations are taking place with introduction of state-of the-art technology driven coffee machines in the market. A single machine can brew different types of coffee nowadays and with superior quality and tasteful experience.

Preference for Automatic Machines Hamper Sales of Drip Coffee Maker Machines

Also at the coffee outlet’s end, the owners prefer to go for semi-automatic or fully automatic machines due to the ease of operations, lesser brewing time, and the wide variety of range which is available for the consumers as per their growing and changing demands globally. Furthermore, another prospective restraint of the HoReCa drip coffee maker market is the young population driving the market more for espresso coffee.

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This review is based on Transparency Market Research’s report, titled “Title: HoReCa Drip Coffee Maker Market (HoReCa Type – Quick Service Restaurants (Fast Food Restaurants, Cafeterias, and Carryout Restaurants) and Full Service Restaurants (Fine Dining Restaurants, Casual Dining Restaurants, and Hotel and Club Foodservice); Price Point – Less than US$100, US$100-200, and More than US$200) – Global Industry Analysis and Opportunity Assessment, 2017-2025”.

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