Machinery Coverage

Autonomous Mining Equipment Market Definition

Autonomous mining equipment refers to vehicles and other machinery used in the mining industry that can be operated remotely or without human intervention, often through the integration of robotic components, advanced software, GPS (Global Positioning System) and internet connectivity. The autonomous mining equipment market consists of sales of autonomous mining equipment by entities (organizations, sole traders or partnerships) that are engaged in manufacturing autonomous equipment and vehicles which function with minimal human intervention and primarily help in safe mining and transportation of ores and other materials. Autonomous mining equipment works on wireless communication technologies and electronic tracking (CT) systems.

Electric Wheelchair Market Definition

Electric wheelchair, also called electric-powered wheelchair, motorized wheelchair or powerchair, is any seating surface with wheels affixed to it. These wheelchairs, powered by electric motors and often equipped with various control systems such as joysticks, touchpads or sip-and-puff devices, offer enhanced mobility and independence to their users. The electric wheelchair market consists of sales, by entities (organizations, sole traders and partnerships), of electric wheelchairs that are electrically powered wheelchairs suitable for all age groups and are available in various sizes and heights. These are primarily used to transport people with medical conditions, or those who have difficulty walking from one location to another. Electric wheelchairs are utilized in various settings, including homes, healthcare facilities, outdoor environments and public spaces, catering to the needs of both adults and children with mobility issues.

CNC Machine Tools Market Definition

CNC (Computer Numerical Control) machine tools are a crucial part of modern manufacturing and machining processes. These machines use computerized controls and programming to execute a variety of machining tasks with high precision and efficiency. CNC machine tools have replaced many traditional manual machining methods, offering advantages such as increased accuracy, repeatability and automation. The CNC machine tools market consists of sales of CNC machine tools by entities (organizations, sole traders and partnerships) involved in the production and distribution of CNC machine tools. CNC machine tools are automated devices controlled by computer programs, allowing for precise and efficient machining processes in various industries. These tools are utilized for tasks such as cutting, milling, drilling and for shaping materials like metals, plastics and composites.

Commercial Robots Market Definition And Segments

Commercial robots are robots designed and used for a wide range of commercial applications across various industries. They are designed to work alongside humans in shared workspaces. They are intended to improve efficiency, safety, and productivity in non-industrial settings. The main types of commercial robots are field robots, medical robots, autonomous guided robotics, drones, and others. Field robots are designed to operate in the field, navigating rough terrain and performing tasks such as mapping, inspection, and maintenance. They work based on various technologies including automatic, semi-automatic, and manual for medical and healthcare, defense and security, agriculture and forestry, marine, and others. The commercial robots market covered in this report is segmented – 1) By Type: Field Robots, Medical Robots, Autonomous Guided Robotics, Drones, Other Types 2) By Technology: Automatic, Semi-Automatic, Manual 3) By Application: Medical And Healthcare, Defense And Security, Agriculture And Forestry, Marine, Other Applications The commercial robots market size has grown exponentially in recent years. It will grow from $20.74 billion in 2023 to $24.9 billion in 2024 at a compound annual growth rate (CAGR) of 20%. The growth in the historic period can be attributed to increased demand for automation, growing need for efficiency and productivity, growing awareness of safety concerns, increasing investment in research and development, growing interest in robotics as a service (RaaS) models, growing applications of robots in the construction industry, growing acceptance of collaborative robots (cobots). The commercial robots market size is expected to see exponential growth in the next few years. It will grow to $52.01 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%. The growth in the forecast period can be attributed to increasing demand for automation, rising awareness about the benefits of robotics in healthcare, increasing emphasis on logistics and warehousing efficiency, growing investments in robotic startups, rising demand for robotic automation solutions, increasing demand for autonomous vehicles. Major trends in the forecast period include increasing integration of artificial intelligence and machine learning, rising adoption of Internet of Things (IoT) technology, growing trend of smart factories, increased adoption of collaborative robots, growing adoption of robotic process automation (RPA), integration of advanced sensors such as LiDAR, adoption of robotics in small and medium sized enterprises (SMEs), rise in adoption of telepresence robots, integration of drones, advancements in robotic hardware technologies.

Industrialization Surge Fuels Commercial Robot Market Growth

The increased industrialization is expected to propel the growth of the commercial robot market going forward. Industrialization involves the mechanization of production, the use of inanimate sources of energy, and the organization of labor in large scale factories and enterprises that allow for mass production and economic growth. Industrialization is on the rise owing to several factors, such as the thriving industrial revolution and the rising manufacturing sector. Commercial robots are used by businesses to replicate, assist, or replace human tasks and functions. For instance, according to reports published by the National Bureau of Statistics (NBS) of China, the bureau responsible for collection, investigation, research, and publication of statistics, the country's industrial output increased 4.6% year over year in October 2023, exceeding forecasts of a 4.4% increase. This growth was faster than the 4.5% rate observed in September 2023. Therefore, increased industrialization is driving the growth commercial robot market. Major companies operating in the commercial robots market are Honda Motor Co. Ltd., Northrop Grumman Corporation, ABB Ltd., Omron Corporation, Yaskawa Electric Corporation, Kuka AG, Teradyne Inc., SICK AG, Techman Robot Inc., iRobot Corporation, SoftBank Robotics Group, UBTECH Robotics Corp Ltd., Pudu Technology Inc., Fourier Intelligence, Boston Dynamics, 3DR Inc., Sarcos Technology and Robotics Corporation, inVia Robotics Inc., PickNik Inc., Wingcopter, Vecow Co. Ltd., Robocath, Agrobot, Keenon Robotics Co. Ltd., Universal Robots A/S

Advancements In Collaborative Robotics Enhance Efficiency

Major companies operating in the commercial robots market are developing collaborative robotics (cobots) to enhance efficiency, productivity, and safety in various industries. Collaborative robots work alongside humans in a shared workspace, improving efficiency and flexibility in various industries. For instance, in February 2021, ABB, a Switzerland-based robotics and automation company, launched its new generation of collaborative robots, the YuMi series. These robots can securely engage with people and swiftly and precisely do complex jobs because of their sophisticated sensors and machine learning algorithms. It was specifically designed to meet the flexible and agile production needs of the consumer electronics industry, but has applications in any small parts assembly environment.

ABB Acquires Sevensense To Boost AI Solutions For Robotics In Industry

In January 2024, ABB, a US-based electrification and automation company that manufactures commercial robots, acquired Sevensense for an undisclosed amount. Through this acquisition, ABB aims to strategically enhance its presence in innovative AI solutions that transform industries such as logistics and manufacturing. Sevensense is a Switzerland-based company specializing in empowering mobile robots to move into public and dynamic spaces using edge AI and state of the art technologies North America was the largest region in the commercial robots market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the commercial robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The commercial robots consist of sales of service robots, logistics robots, and collaborative robots. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The commercial robots market research report is one of a series of new reports from The Business Research Company that provides commercial robots market statistics, including the commercial robots industry global market size, regional shares, competitors with commercial robots market share, detailed commercial robots market segments, market trends, and opportunities, and any further data you may need to thrive in the commercial robots industry. This commercial robots market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Disinfection Robots Market Definition And Segments

Disinfection robots are autonomous or semi-autonomous robotic systems designed to effectively and efficiently sanitize or disinfect various environments, such as hospitals, offices, schools, public spaces, and transportation vehicles. These robots use different methods, such as ultraviolet (UV) light, hydrogen peroxide vapor, or other chemical agents, to eliminate harmful pathogens from surfaces, reducing the risk of infections and the spread of diseases. The main types of disinfection robots are ultraviolet light disinfection robots, disinfectant spraying robots, and combined system disinfection robots. Ultraviolet light disinfection robots are robotic systems equipped with UV light sources to disinfect surfaces by emitting ultraviolet radiation. Technologies such as semi-autonomous disinfection robots and fully autonomous disinfection robots by end-users such as healthcare facilities, biopharmaceutical industry, airports and transports, hospitality, and others. The disinfection robots market covered in this report is segmented – 1) By Type: Ultraviolet Light Disinfection Robots, Disinfectant Spraying Robots, Combined System Disinfection Robots 2) By Technology: Semi-Autonomous Disinfection Robots, Fully Autonomous Disinfection Robots 3) By End-User: Healthcare Facilities, Biopharmaceutical Industry, Airport And Transports, Hospitality, Other End Users The disinfection robots market size has grown exponentially in recent years. It will grow from $1.32 billion in 2023 to $1.59 billion in 2024 at a compound annual growth rate (CAGR) of 20.9%. The growth in the historic period can be attributed to increasing awareness of healthcare-associated infections (HAIs), growing emphasis on infection prevention and control measures, rising regulatory mandates and guidelines promoting the adoption of automated disinfection systems, and rising healthcare expenditure and investments in infection control infrastructure. The disinfection robots market size is expected to see exponential growth in the next few years. It will grow to $3.42 billion in 2028 at a compound annual growth rate (CAGR) of 21.1%. The growth in the forecast period can be attributed to increasing prevalence of infectious diseases and pandemics, adoption of smart and connected disinfection robots for real-time monitoring and data analytics, rising adoption of disinfection robots in non-healthcare sectors, shift towards value-based healthcare models, and expansion of healthcare infrastructure in emerging market. Major trends in the forecast period include integration of Internet of Things (IoT) sensors and cloud-based platforms, development of multi-functional disinfection robots with capabilities for surface cleaning, air purification, and disinfection, evolution of autonomous navigation systems, adoption of UV-C LED technology, and implementation of robotic fleet management solutions for centralized control and optimization of disinfection workflows.

Mitigating Hospital-Acquired Infections Through Disinfection Robots

The increasing spread of hospital-acquired infections (HAIs) is expected to propel the growth of the disinfection robot market going forward. Hospital-acquired infections refer to infections that patients acquire while receiving treatment in a healthcare facility, such as a hospital or clinic. The increasing number of hospital-acquired infections (HAIs) are occurring due to antibiotic resistance, inadequate infection control practices, overcrowding in healthcare facilities, and the presence of virulent pathogens in hospital environments. Disinfection robots aid in mitigating the risk of hospital-acquired infections (HAIs) by providing efficient and thorough sanitization of healthcare environments, enhancing patient safety, and reducing the incidence of healthcare-associated infections. For instance, in January 2024, according to the NHSN’s HAI Progress Report published by the Centers for Disease Control and Prevention (CDC), a US-based public health agency, there was a 4% rise in the surgical site infection ratio (SIR) across all NHSN operative procedure categories compared to the previous year. Therefore, the increasing spread of hospital-acquired infections (HAIs) drives the disinfection robot market. Major companies operating in the disinfection robots market are Ecolab Inc., OMRON Corporation, Ecovacs Robotics Co. Ltd., Bioquell Inc., Blue Ocean Robotics ApS, Skytron LLC., Tru-D SmartUVC LLC, Mediland Enterprise Corporation, UVDI Inc., Xenex Disinfection Services LLC, Savioke Inc., Bridgeport Magnetics Inc., Sanondaf Ltd., Nevoa Inc., Ateago Technology Co. Ltd., SESTO Robotics, Decon-X International LLC, Dimer UVC Innovations, Finsen Technologies Limited, Surfacide LLC, Solustar Pte Ltd., OTSAW Digital Pte Ltd., Akara Robotics Ltd., TMI Robotics Technology Co. Ltd.

Advancements In Disinfection Robot Technologies For Comprehensive Sanitization

Major companies operating in the disinfection robot market focus on developing advanced robotic technologies such as autonomous mobile disinfection robots, for efficient and comprehensive sanitization in various environments. Autonomous mobile disinfection robots help efficiently and thoroughly sanitize diverse environments. For instance, in January 2021, Zetabank Co. Ltd., a Korea-based service robots provider, launched a new lineup of autonomous mobile disinfection robots at CES 2021. These robots are designed to address the need for efficient and effective disinfection solutions. The latest editions of the robot include the Spatial Sterilization Robot, which filters the air as it moves, and the Disinfection Collaborative Robot, equipped with UV light and ethanol to disinfect hard-to-reach areas.

Zebra Technologies Expands Into Intelligent Industrial Automation With Fetch Robotics Acquisition

In July 2021, Zebra Technologies Corporation, a US-based company specializing in enterprise asset intelligence solutions, acquired Fetch Robotics for $290 million. The acquisition aims for Zebra Technologies to expand its presence in the field of intelligent industrial automation by integrating Fetch Robotics' autonomous mobile robots (AMRs) and cloud-based software into its existing portfolio. Fetch Robotics is a US-based company that builds robot systems, including disinfection robots. Asia-Pacific was the largest region in the disinfection robots market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the disinfection robots market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the disinfection robots market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The disinfection robot market consists of revenues earned by entities providing services such as installation and maintenance, rental and leasing, training programs, technical support, and customization and integration to facilitate the effective deployment and operation of robotic systems for sanitizing and disinfecting various environments. The market value includes the value of related goods sold by the service provider or included within the service offering. The disinfection robot market also includes sales of robotic systems, disinfectant solutions, UV lamps, sensors, and hardware and equipment aimed at automating and optimizing the disinfection process in various environments. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The disinfection robots market research report is one of a series of new reports from The Business Research Company that provides disinfection robots market statistics, including disinfection robots industry global market size, regional shares, competitors with a disinfection robots market share, detailed disinfection robots market segments, market trends and opportunities, and any further data you may need to thrive in the disinfection robots industry. This disinfection robots market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Extension Cord Reels Market Definition And Segments

Extension cord reels are devices that store and manage electrical extension cords conveniently and appropriately. These reels typically consist of a spool around which the extension cord is wound and a handle or crank for winding and unwinding the cord. Extension cord reels are commonly used in workshops, garages, construction sites, and outdoor settings to provide portable power access while minimizing cord tangles and trip hazards. The main product types of extension cord reels are manual extension cord reels, retractable extension cord reels, and motorized extension cord reels. Manual extension cord reels are devices that hold extension cords and allow them to be manually unwound and rewound for use. These are used in various applications such as home and residential, commercial and industrial, outdoor and recreational, and also by various end-users such as residential users, commercial users, industrial users The extension cord reels market covered in this report is segmented – 1) By Product Type: Manual Extension Cord Reels, Retractable Extension Cord Reels, Motorized Extension Cord Reels 2) By Application: Home And Residential, Commercial And Industrial, Outdoor And Recreational 3) By End-Users: Residential Users, Commercial Users, Industrial Users The extension cord reels market size has grown strongly in recent years. It will grow from $1.94 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in demand for extension cord reels with higher power ratings, increased adoption of extension cord reels in the healthcare industry, increased focus on energy efficiency and cost savings, rise in mining and oil and gas industries, increased adoption of extension cord reels in the telecommunications industry. The extension cord reels market size is expected to see strong growth in the next few years. It will grow to $2.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to growing construction and infrastructure development projects, increasing demand for extension cord reels in industrial and manufacturing sectors, increasing focus on workplace safety and compliance with regulations, expanding e-commerce and online retail channels, expanding automotive and transportation industries. Major trends in the forecast period include demand for portable and retractable extension cord reels, demand for extension cord reels with added features like surge protection, investment in renewable energy projects and installations, demand for extension cord reels with longer cable lengths, product innovation.

Extended Cord Reels Market Poised For Growth Driven By Booming Construction Sectors

The increasing construction activities are expected to propel the growth of the extended cord reels market going forward. Construction activities encompass a wide range of tasks involved in building, renovating, and maintaining structures and infrastructure. These activities are essential for creating residential, commercial, and industrial buildings and public works such as roads, bridges, and utilities. The increasing construction activities are due to rapid urbanization, infrastructure development, and a focus on efficiency and accuracy in building projects. Extended cord reels are crucial in facilitating electrical power distribution on construction sites, offering practical solutions for managing cords, improving safety, and enhancing productivity. For instance, in December 2021, according to the United States Census Bureau, a US-based government agency, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2%. Therefore, the increasing construction and real estate activities drive the extended cord reels market.

Powering Productivity Driving Growth In The Extended Cord Reels Market

The increasing manufacturing activities are expected to propel the growth of the extended cord reels market going forward. Manufacturing activities encompass the processes involved in producing goods from raw materials or components, typically through various stages of transformation, assembly, and finishing. The increasing manufacturing activities are due to the adoption of automation and robotics in manufacturing processes, expansion into international markets, economic growth in developing and developed countries, and continuous investment in research and development. Extended cord reels support manufacturing activities by providing efficient, safe, and reliable power distribution solutions that enhance productivity, safety, and operational efficiency in manufacturing environments. For instance, in March 2022, according to the United Nations Industrial Development Organization, an Austria-based specialized agency of industrial and economic development, the global manufacturing production of goods rose by 9.4% in 2021, compared to 2020. Therefore, the increasing manufacturing activities drive the extended cord reels market. Major companies operating in the extension cord reels market are General Electric Company, Schneider Electric SE, ABB Ltd., Toshiba Corp., Eaton Corporation, Grainger, Stanley Black & Decker inc., Emerson Electric Co., Legrand SA, Hubbell Inc., OSRAM Group, Leviton Manufacturing Company, Seoul Semiconductor Co. Ltd., Cooper Lighting, Reelcraft Industries Inc., GlobTek Inc., Thomas & Betts Corporation, Coxreels Co., Amtek Co., APC Group Inc., L-com Inc., Hindustan Engineering, International Cord Sets Inc., J.K. Enterprises Inc., AGS Electrical Company

Illuminating Safety With Industrial-Duty LED Lights For Enhanced Visibility In Cord Reels

Major companies operating in the extension cord reels market are developing innovative solutions, such as LED lights for electric cord reels, to enhance visibility and safety in work environments. LED lights for electric cord reels are integrated illumination solutions designed to enhance the usability and functionality of cord reels. These LED lights can serve multiple purposes, making the cord reels more versatile and user-friendly. For instance, in February 2024, coxreels, a US-based company that manufactures extended cord reels, launched new LED Lights for c series reels to meet the latest power distribution requirements. The lights have a durable aluminum housing and shatter-resistant polycarbonate lenses and are rated for operation in extreme temperatures from -40°F to 140°F. They are also resistant to water, dust, and impact. These air hose/electric cord reels are designed for applications that require both pneumatic air and electrical power, particularly in limited space settings. North America was the largest region in the extension cord reels market in 2023. The regions covered in the extension cord reels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the extension cord reels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The extension cord reels market consists of sales of hand crank reels, wall mounted cord reels, spring-loaded retractable reels, portable reels, cord locking reels, heavy-duty reels, and weatherproof reels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The extension cord reels market research report is one of a series of new reports from The Business Research Company that provides extension cord reels market statistics, including extension cord reels industry global market size, regional shares, competitors with an extension cord reel market share, detailed extension cord reels market segments, market trends, and opportunities, and any further data you may need to thrive in the extension cord reels industry. This extension cord reels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Hollow Fiber Filtration Market Definition And Segments

Hollow fiber filtration is a membrane filtration technique that uses bundles of narrow, flexible tubes (hollow fibers) to separate components in a fluid. It is commonly used for water purification, medical applications, and bioprocessing due to its high surface area and efficient separation capabilities. The main membrane materials of hollow fiber filtration are polysulfone (PS), mixed cellulose ester, polyvinylidene difluoride (PVDF), polyethersulfone (PES), and others. Polysulfone refers to a thermoplastic polymer known for its high thermal and chemical resistance, commonly used in membrane filtration applications. The technology includes microfiltration, ultrafiltration, and others. For applications such as protein concentration and diafiltration, cell culture harvest and clarification, virus or viral vector filtration, raw material filtration, and others utilized by pharmaceuticals, biotechnology, food and beverages, water and wastewater treatment, and others. The hollow fiber filtration market covered in this report is segmented – 1) By Membrane Material: Polysulfone (PS), Mixed Cellulose Ester, Polyvinylidene Difluoride (PVDF), Polyethersulfone (PES), Other Membrane Materials 2) By Technology: Microfiltration, Ultrafiltration, Other Technologies 3) By Application: Protein Concentration And Diafiltration, Cell Culture Harvest And Clarification, Virus Or Viral Vector Filtration, Raw Material Filtration, Other Applications 4) By End-Use: Pharmaceuticals, Biotechnology, Food And Beverages, Water And Wastewater Treatment, Other End-Uses The hollow fiber filtration market size has grown rapidly in recent years. It will grow from $0.54 billion in 2023 to $0.64 billion in 2024 at a compound annual growth rate (CAGR) of 17.4%. The growth in the historic period can be attributed to the growing emphasis on patient safety and infection control, increasing prevalence of chronic diseases, regulatory requirements regarding medication preparation and administration, growth in healthcare infrastructure, and increased healthcare spending globally. The hollow fiber filtration market size is expected to see rapid growth in the next few years. It will grow to $1.23 billion in 2028 at a compound annual growth rate (CAGR) of 17.7%. The growth in the forecast period can be attributed to growing preference for single-use medical devices to minimize contamination risks, modernization of healthcare facilities, rising aging population, heightened focus on infection control measures, and increasing trend towards home-based healthcare services. Major trends in the forecast period include integration of smart features, emphasis on sustainability in medical device manufacturing, innovation in safety features such as needlestick prevention mechanisms and ergonomic designs, integration of remote monitoring capabilities into filter needle devices, and integration of advanced technologies such as automation and connectivity.

Growing Pharmaceutical Industry Fuels Expansion of Hollow Fiber Filtration Market

The growing pharmaceutical industry is expected to propel the growth of the hollow fiber filtration market going forward. The pharmaceutical industry is the sector involved in the research, development, production, and marketing of medications and other healthcare products. The growth in the pharmaceutical industry is due to increased demand for healthcare, advancements in technology, and expanding markets globally. Hollow fiber filtration is employed in the pharmaceutical industry to efficiently separate and purify biomolecules, such as proteins and antibodies, during drug manufacturing processes. For instance, in June 2023, according to the European Federation of Pharmaceutical Industries and Associations, a Belgium-based trade association, the pharmaceutical market value at ex-factory prices rose to $ 298.20 billion (€275 billion) in 2022 from $ 256.45 billion (€236.5 billion) in 2020. Further, research and development spending for pharmaceuticals increased to ($ 48.25 billion) €44.5 billion in 2022 compared to $42.72 billion (€39.4 billion) in 2020. Therefore, the growing pharmaceutical industry is driving the growth of the hollow fiber filtration market. Major companies operating in the hollow fiber filtration market are Thermo Fisher Scientific Inc., 3M Company, Medtronic plc, Asahi Kasei Corporation, Toray Industries Inc., Baxter International Inc., Avantor Inc., Terumo Corporation, Sartorius AG, Nipro Medical Corporation, B. Braun Medical Inc., Cantel Medical Corporation, Repligen Corporation, Avanos Medical Inc., Isopure Corp, Medica S.p.A, Envirogen Group, Synder Filtration, Cole-Parmer Instrument Company LLC, Hongtek Filtration Co. Ltd.

Advancements In High-Strength Hollow Fiber Membrane Transforming Filtration Efficiency and Sustainability

Major companies operating in the hollow fiber filtration market focus on developing advanced high-strength hollow fiber membrane technology to enhance filtration efficiency and durability. High-strength hollow fiber membrane technology is utilized in hollow fiber filtration to effectively separate contaminants from fluid streams through a porous membrane structure, providing efficient filtration and purification. For instance, in November 2021, Toray Industries Inc., a Japan-based integrated chemical company, launched a hollow fiber ultrafiltration membrane module for food and beverage manufacturing and biotechnology purification and concentration processes. This module excels in reducing energy consumption and advancing carbon neutrality by achieving over an 80% reduction in CO2 emissions compared to traditional thermal concentration methods in the food production sector. It is highly effective in steam (125°C) and hot water (90°C) settings, facilitating thermal sterilization and high-temperature filtration.

NSI Mobile Water Solutions Acquires Pall Corporation To Strengthen Position In Industrial Water Market

In September 2023, NSI Mobile Water Solutions, a UK-based provider of a modern range of water and wastewater treatment technologies, acquired Pall Corporation for an undisclosed amount. The acquisition represents a significant step forward in the growth of the NSI Mobile Water Solutions fleet, enhancing Nijhuis Saur Industries' standing in the industrial water market segment as a premier provider of mobile water services in Europe. Pall Corporation is a US-based provider of hollow fiber membrane systems. North America was the largest region in the hollow fiber filtration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hollow fiber filtration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hollow fiber filtration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The hollow fiber filtration market consists of revenues earned by entities by providing services such as water purification, wastewater treatment, dialysis, blood filtration, cell harvesting, and concentration and separation of biomolecules in bioprocessing. The market value includes the value of related goods sold by the service provider or included within the service offering. The hollow fiber filtration market also includes sales of laboratory filtration devices, hollow fiber bioreactors, microfiltration and ultrafiltration unit. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The hollow fiber filtration research report is one of a series of new reports from The Business Research Company that provides hollow fiber filtration market statistics, including the hollow fiber filtration industry's global market size, regional shares, competitors with a hollow fiber filtration market share, detailed hollow fiber filtration market segments, market trends and opportunities, and any further data you may need to thrive in the hollow fiber filtration industry. This hollow fiber filtration market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Multi Tandem Valve Market Definition And Segments

Multi-tandem valve refers to an assembly of multiple hydraulic valves integrated into a single unit to control the flow and direction of hydraulic fluid in complex hydraulic systems. Multi-tandem valves streamline hydraulic circuits by combining various valve types, such as directional control valves, flow control valves, and pressure control valves, into one compact and efficient package. The main types of multi tandem valves are integral multi tandem valve, shard multi tandem valve. An integral multi tandem valve refers to a type of hydraulic valve that combines multiple valve sections or slides in a single, integrated unit. They can be operated by automated and manual by manufacturing, construction, agriculture, oil and gas, mining, and others. The multi tandem valve market covered in this report is segmented – 1) By Type: Integral Multi Tandem Valve, Shard Multi Tandem Valve 2) By Operation: Automated, Manual 3) By End-Use Industry: Manufacturing, Construction, Agriculture, Oil And Gas, Mining, Other End Use Industries The multi tandem valve market size has grown strongly in recent years. It will grow from $1.32 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increased adoption of automation, rising global energy demand, stringent environmental and safety regulations, increased international trade and global supply chains, demand for valve replacement and retrofit. The multi tandem valve market size is expected to see strong growth in the next few years. It will grow to $1.7 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to growth in the construction industry, growth in manufacturing and production facilities, increase in research and development activities, increase in agricultural mechanization, growth in the automotive sector, growth in demand for energy efficient solutions, increase in infrastructure development. Major trends in the forecast period include advancements in valve technology, increased adoption in the energy sector, development of smart valve solutions, expansion in process industries, advancements in material science, integration of artificial intelligence, development of eco friendly fluids.

Hybrid Electric Vehicle (HEV) Surge Boosts Multi Tandem Valve Market Growth

The rise in demand for hybrid electric vehicles (HEVs) is expected to propel the growth of the multi-tandem valve market going forward. Hybrid electric vehicles (HEVs) are defined as cars that combine a gasoline engine with an electric motor to boost fuel efficiency and lower emissions. Hybrid electric vehicles (HEVs) are rising due to environmental concerns, government incentives, and improved technology, leading to better fuel efficiency. Hybrid electric vehicles (HEVs) aids in utilizing multi-tandem valves by enhancing fuel efficiency. It reduces the overall strain on the engine system and improves valve performance, resulting in better engine efficiency and reduced emissions. For instance, according to Argonne National Laboratory, a US-based federally funded research and development center, in April 2024, 118,435 HEVs (23,179 cars and 95,256 LTs) were sold in the United States, up 17.8% from the sales in April 2023. Therefore, the increase in demand for hybrid electric vehicles (HEVs) drives the multi-tandem valve market. Major companies operating in the multi tandem valve market are Daikin Industries Ltd., Komatsu Ltd., Eaton Corporation plc, Parker Hannifin Corporation, Emerson Electric Co., Kawasaki Heavy Industries Ltd., Bosch Rexroth AG, Shimadzu Corporation, KYB Corporation, HYDAC International GmbH, Hengli Hydraulic Co. Ltd., Bucher Hydraulics AG, Haldex AB, HAWE Hydraulik SE, Argo Hytos, Linde Hydraulics GmbH & Co. KG, Tokyo Keiki Inc., Metal Work S.p.A., Yuken Kogyo Co. Ltd., Cross Manufacturing Company Inc., Walvoil S.p.A., Hydrosila, Bondioli & Pavesi S.p.A., Doering Company, AMCA Hydraulic

Innovative Developments in Multi-Tandem Valve Market: Emerson Electric Co.'s Advanced Pressure Relief Valve Technologies

Major companies operating in the multi-tandem valve market are developing innovative products, such as pressure relief valves, to reduce emissions in any system, including chemical, petrochemical, power, and oil and gas industries. The pressure relief valve is a type of safety valve designed to control or relieve overpressure levels for optimal functionality in any system. For instance, in December 2022, Emerson Electric Co., a US-based software company, released two technologies for the Crosby J-Series pressure relief valve (PRV) product line. These valves are designed to provide high-quality and dependable overpressure protection for various applications, including air, gas, steam, vapor, liquid, and two-phase applications. The J-Series valves feature innovative technologies such as Balanced Diaphragm technology, eliminating the need for bellows in pressure relief valves, leading to lower costs and improved performance.

Parker Hannifin Acquires Meggitt PLC to Strengthen Aerospace and Defense Capabilities

In September 2022, Parker Hannifin Corporation, a US-based company providing precision-engineered solutions, acquired Meggitt PLC for $7.98 billion. The acquisition allows Parker to expand its aerospace and defense portfolio with Meggitt's global defense and aerospace technologies, enhancing its product offerings and capabilities in critical sectors. Meggitt is a UK-based aerospace company that manufactures multi-tandem valves, including flow control valves. North America was the largest region in the multi tandem valve market in 2023. The regions covered in the multi tandem valve market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the multi tandem valve market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The multi tandem valve market consists of sales of load holding valves, specialty valves, check valves, pressure control valves, and directional control valves. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The multi tandem valve market research report is one of a series of new reports from The Business Research Company that provides multi tandem valve market statistics, including the multi tandem valve industry global market size, regional shares, competitors with multi tandem valve market share, detailed multi tandem valve market segments, market trends, and opportunities, and any further data you may need to thrive in the multi tandem valve industry. These multi tandem valve market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.