The 3D Printed Footwear market was valued at US$830.630 million in 2020 and will increase to US$3.296.967 million by 2027. Over the forecast period, this market is estimated to increase at a compound yearly growth rate of 21.77%.
The production of a three-dimensional object from a CAD model or a digital 3D model is known as 3D printing or additive manufacturing. The term “3D printing” can apply to a range of procedures in which material is deposited, connected, or solidified under computer control to make a three-dimensional object, with material added layer by layer. Any footwear specialist can construct a test shoe using 3D printing for footwear prototype before designing their final design, which has been around for a long now. However, because of the technological revolution, additive manufacturing has become cost-effective and productive enough to mass-produce accessible shoes in large quantities by the method of 3D printing of footwear.
According to analysts, the increasing demand for customized footwear will be the driving force behind the market’s robust growth over the forecasted timeframe.
3D-printed footwear is anticipated to become one of the most popular consumer goods in the future. This transition will be driven by two major trends: first, customer demand for more individualized products, and second, the growing role of digital production. Consumers today are asking for tailored, individualized services. 3D printing, on the other hand, gives businesses a new degree of personalization by allowing them to create shoes that are specially fitted for their customers. While the possibility of mass-customized footwear is still being investigated, footwear companies are just getting started on making plans to sell custom footwear on a large scale. As more firms take risks with 3D printing, the utilization of the technology in footwear production will improve.
Adidas, the German sportswear company, is one of the pioneers in 3D printing in the footwear sector. Futurecraft 4D, AlphaEdge 4D, 4D Run 1.0, and several other 3D printed footwear lines have been successfully launched in recent years with a heavy focus on customized footwear. Key businesses are attracting customers with new types of 3D-printed footwear. New product introductions help vendors increase footwear sales and market share, propelling the global 3D-printed footwear market ahead. For example, Adidas announced the release of the Futurecraft ‘STRUNG’, the next edition of its 3D-printed sneakers, in June 2021. Furthermore, Adidas launched 4DFWD shoes with a Carbon 3D printed lattice midsole in May 2021.
Digitization and automation are other major elements pushing footwear 3D printing usage. Shoemaking is a time-consuming, multi-step process in which the majority of the work is still done by hand. A finished pair of shoes necessitates the use of specialized equipment and people. As a result, footwear manufacturers are constantly looking for ways to improve their manufacturing processes. A few shoe components can be 3D printed seamlessly, allowing shoe firms to expedite production. Unlike traditional manufacturing procedures, 3D printing does not require any additional tooling to make a product. As a result, after developing a digital model, specialist software applications would determine the printed speed and part orientation parameters on a build platform.
The 3D Printed Footwear’s market expansion could be hindered by limited resources and weak results.
Although some businesses are claiming to be able to 3D print in rubber, the materials that 3D printers can print are still limited. If models can’t be printed with materials that mimic EVA, TPR, PU, and other materials, print soles will be utilized primarily for specialty footwear or visual validation, rather than for general performance. Furthermore, printing a functional upper will take time. Shortly, the capacity to 3D print rubber or something comparable to it could be a reality. Because of the layer-by-layer procedure used to generate them, 3D printed parts are now weaker than conventionally manufactured parts. Because of current manufacturing methods, a sole’s bulk will be consistent throughout, whereas a sole made of rubber will be more flexible.
During the projected period, the VAT Polymerization segment is expected to grow rapidly in the 3D Printed Footwear market.
By Technology, the 3D Printed Footwear market can be segmented into Filament Extrusion, VAT Polymerization, Power Bed Fusion, and Material Jetting. As it is the most commonly utilized process for curing resin (liquid photopolymer) with light, VAT Polymerization is likely to dominate the global market for 3D Printed Footwear. It is the most established and dependable 3D printing technology. The fixed section of the product can be made completely airtight and watertight using this technique. The 3D printed footwear market is expected to grow as it becomes more popular and widely used. In addition, VAT Polymerization printers can produce highly detailed prints with feature sizes as tiny as 0.3 mm.
During the forecasted time frame, the Thermoplastic Polyurethane (TPU) segment in the 3D Printed Footwear market is predicted to have a dominating share.
Polyurethane and Thermoplastic Polyurethane are the two main materials used in 3D printed footwear (TPU). A thermoplastic elastomer has qualities such as elasticity, oil absorption, resistance, transparency, and breathability, thermoplastic polyurethane is a thermoplastic elastomer. This material can be utilized on practically every aspect of a shoe, making it extremely efficient to work with. As a result, both the category and the 3D printed footwear industry are predicted to grow. In the 3D printed Footwear Market, TPU holds the most portion of the predicted timeframe.
During the projected period, the uppers segment is expected to grow rapidly in the 3D Printed Footwear market.
The 3D printed Footwear market is divided into three categories: insoles, midsoles, and uppers. Because they can be formed from nearly any material and are positioned at the top of the shoe, 3D printed Uppers are likely to capture a large piece of the market. It encourages people to use 3D printing technology and create personalized designs, which is projected to boost demand for the technology and propel the global 3D printed footwear market forward.
During the forecast period, the 3D Printed Footwear market in North America is predicted to have a dominating share.
The 3D Printed Footwear market is classified into five regions based on geography: North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The North American market is expected to account for the largest revenue share in the 3D Printed Footwear market over the projected period. Over the projected period, the significant increase in the number of local and worldwide vendors in countries such as the United States would aid the expansion of the 3D-printed footwear market in North America. According to the 3D printing Sentiment Index published by Ultimaker, a desktop 3D printing company, in November 2019, the United States is the most advanced country in 3D printing. Market expansion is expected to be fueled by several new product releases, as well as product enhancements and developments. Carbon, a US-based manufacturer of 3D printing technologies, announced its new L1 3D printer in February 2019. Stratasys Ltd. (Stratasys) announced the debut of their F120 3D printer in April 2019. Simple controls and remote self-monitoring are included with the new 3D printer. Furthermore, Aetrex Worldwide Inc. offers Aetrex, which can translate the data and build a 3D printed orthotic that fits the individual’s foot perfectly.
Covid-19 Insights
The COVID-19 epidemic has had a negative influence on 3D Printed Footwear. In reaction to the COVID-19 outbreak, several end-user manufacturing units have paused output, disrupting the 3D printing footwear supply chain. COVID-19 has had a minor influence on the 3D printed footwear business since the markets affected by coronavirus are geographically positioned where it has the biggest impact. Because demand was low and manufacturing stalled in many facilities, the outbreak had a detrimental influence on the 3D printed footwear supply chain.
Exploring Sustainable Solutions: Innovations in Poultry Packaging
Thought ArticlesPoultry packaging is widely used in different poultry farming products or items such as meat, fish, chicken, and others. These poultry farm products are widely popular because of their nutritional value for the user intake coupled with several other health benefits that these poultry farm products provide. Therefore, poultry farm product manufacturers must keep the quality and integrity of these poultry farm products intact and not harmed due to external or environmental factors like moisture or microorganisms using effective poultry packaging solutions like vacuum packs or modified atmosphere packs for a wide range of poultry farm products.
These poultry farm products come in a wide range from fragile products like eggs to solid but environmentally sensitive products like fresh meat which needs preservation. Each of these different types of poultry farm products has its own unique need of packaging to ensure its safety and quality until it reaches the customer.
Poultry packaging is used to enhance the shelf life of poultry farm products and to make sure the product quality remains intact throughout the product life-cycle from the manufacturing unit where the product is packaged to the retail shop where it is stored under specific conditions according to the product needs and at last, it reaches to customer. In this whole cycle of poultry farm products, the poultry packaging plays a crucial role in providing safe and reliable packaging that can last throughout the process without letting the product inside the packaging get spoiled or damaged.
Different types of packaging are available for each type of poultry farm product with different types of materials such as air-tight containers, vacuum packs, frozen packaging, and biodegradable packaging for environmental sustainability. Furthermore, the poultry packaging ensures the preservation of the nutritional value of poultry farm products due to which they are widely adopted by major poultry farm product manufacturers across the globe.
Global Production Trends
The production of poultry packaging has been steadily increasing over the years and the industry has been booming in recent times with its applications increasing in demand which is the growing demand for poultry farm products like meat and fish globally due to their nutritional value for human health. For instance, factors such as rapid growth in poultry farming and their products industry globally across several different regions especially in the Asia Pacific region.
Therefore, these factors are making several poultry farm product manufacturers adopt effective poultry packaging solutions into their production or manufacturing process to fuel sales of poultry packaging and it is being widely adopted by major poultry farm product manufacturers in recent times as it increases the shelf life of the products which in turn grows the demand for the production of these poultry packaging significantly.
Recently, there has been a notable increase in the production of poultry packaging in emerging economies that has increased urbanization in several countries across the globe like China and India where the overall packaging industry has grown significantly with growth in manufacturing including poultry packaging. Also, technological advancements in the packaging industry have significantly improved the poultry packaging industry and improved the user experience with the advancements in the packaging technologies with interactive packaging designs to attract customers to buy their poultry farm products and easy-to-access packaging solutions of these products.
Moreover, several brands or companies that manufacture these poultry farm products invest heavily in the marketing and branding of these products. The packaging of these poultry farm products is the best way to market and build the brand to give tough competition to other similar companies and separate their products from them to show customers that their product is unique from others which further increases the production of poultry packaging in the market.
Poultry packaging use case
The use of poultry packaging for different poultry farm products is a huge trend in the market these days as poultry farm product manufacturers are switching over to more efficient options for increased shelf-life and preservation of the product’s freshness throughout the product life cycle for the consumer by using effective poultry packaging solutions. These solutions can preserve products from environmental factors such as humidity, temperature, and airborne particles for different poultry farm products and make the day-to-day production of these poultry farm products easy and fast.
These poultry packaging solutions are widely used by different poultry farm product manufacturers including domestic or international poultry farm product manufacturers where every poultry product is integrated with this effective poultry packaging solution to make the customer experience more convenient while using these poultry products according to their needs with these innovative poultry packaging solutions. Therefore, with a rise in demand in these use cases for poultry farm products, there is a lot of research and development done to make poultry packaging solutions suitable for this variety of poultry farm products.
The growth in the use cases of poultry packaging in the poultry farm product manufacturing industry worldwide has made the production of poultry packaging much more prominent and increased in numbers over the years as these poultry products that are growing in demand rapidly need a suitable packaging solution that is to be used for maintaining the integrity of these poultry products. There is significant growth in the packaging industry and new and innovative solutions that are being developed around the globe are heavily influencing the growth of the poultry packaging industry.
There is a wide range of meat products that need different packaging solutions. The growth in demand and production for these different types of meats is predicted to increase the use cases for poultry packaging solutions and production for them significantly. These different meat products include goat meat, pig meat, sheep meat, and others where each type of meat has its unique packaging requirements and will boost the use cases and production for poultry packaging solutions. For instance, in India, species-wise meat production is segmented into various parts where the highest segment is poultry meat production with 36% of total meat production in India.
Figure 1: Species Wise Meat Production in India (%)
Source: mofpi.gov.in
Market Dynamics and Drivers
Several factors drive the poultry packaging market, including a rise in applications for them across different poultry farm products which can enhance their shelf life and protect them from getting contaminated during their product life cycle from environmental factors like humidity or microorganisms using effective poultry packaging solutions like air-tight containers or frozen packaging for meat and chicken products. Also, in recent times a significant rise in demand for effective poultry packaging solutions that can increase the production speed of poultry farm products for the manufacturers while maintaining the product’s nutritional value till it reaches its shelf-life limit.
Moreover, the growth in technological advancements made in the poultry packaging solutions has made it convenient for the customer to use the poultry farm products in their day-to-day lives according to their need like cooking food which has positively impacted the poultry packaging market. So, with this rapid growth and innovation in poultry packaging technology and the popularity of poultry farm products among the general public due to their health and nutritional benefits, the need for suitable poultry packaging is rising proportionally.
The growth in the demand for these poultry farm products including meat products is expected to boost the market growth of poultry packaging over the forecast period. The demand for these products is growing at a rapid pace globally and with this rapid growth, the production and demand for effective packaging solutions is there which is leading to several innovations being made in the poultry packaging industry. For instance, the largest meat-producing state in India is Uttar Pradesh as it produces 23% of the total meat production in India. Therefore, the presence of different huge meat-producing regions across the globe is expected to boost the poultry packaging market.
Figure 2: Top Five Meat-Producing States in India (Production in 000’Mt)
Source: mofpi.gov.in
Key Developments
In conclusion, the poultry packaging market presents significant opportunities for growth and innovation, driven by the increasing popularity of poultry farm products due to their health benefits around the globe especially meat. While facing challenges such as fluctuation in packaging material costs that negatively affect various poultry farm product manufacturers and huge investments for research and development for new and innovative poultry farm product packaging solutions, the industry is poised to capitalize on technological advancements and innovations to meet the needs of a growing global demand for poultry farm products while ensuring the quality and integrity of the products using the poultry packaging solutions.
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Growing Construction Activities to Fuel the Construction Adhesive Tape Market
Thought ArticlesThe construction adhesive tape market size was valued at US$762.665 million in 2020 and is anticipated to increase at a Compound Annual Growth Rate of 4.91% over the predictive period to reach US$1,066.730 billion by 2027.
Adhesive tapes provide several advantages, including adaptability and simplicity of application, safety, and convenience in the construction industry. Construction adhesive tapes attach two similar or different materials, while also decreasing vibration and preventing corrosive damage to walls and building equipment. Adhesive tapes that cure rapidly are in high demand, due to their simplicity in application and inexpensive nature. Owing to the presence of large-scale private investments and rising government spending, particularly in emerging countries, the construction industry has been rapidly growing in demand, resulting in steady growth for the construction adhesive tape market.
Uses of Construction Adhesive Tapes
Roofing and Gutters: – Construction tapes are utilized for roofing and gutters in activities such as patching, sealing, weatherproofing, temporary masking, splicing, binding, and other related activities.
Windows & Doors: – Construction tapes are used in waterproofing and masking windows, decks, and doors in houses and commercial infrastructure.
HVAC & Plumbing: – Construction adhesive tapes are used to provide insulation and sealing for HVAC units and plumbing structures.
Flooring: – These adhesive tapes are used for floor protection, carpet installation, and other related activities
Framing Structures: – Construction adhesives tapes are also used to hold and insulate temporary building structures such as construction framings.
Electrical: – Adhesive tapes are also used for electrical maintenance and wiring solutions.
Development in Construction Adhesive Tape Market
Intertape Polymer Group Inc, a leading tape and filmmaker, has introduced PEFR, a new flame retardant polyethylene (PE) tape in a press release dated 17th May 2021. PEFR polyethylene tape is a heavy-duty tape that is perfect for healthcare institutions, institutional buildings, labs, shipyards, and construction sites where flame-retardant materials are required to offer a crucial layer of fire protection. It’s perfect for abatement, surface protection, the preservation of heavy equipment, and long-term storage. PEFR’s strong rubber adhesive is designed to build a flexible, watertight seal while also adding a layer of fire and flame resistance for surface protection and fabrics.
The Core Series Portfolio Tape Selection app has been released by Avery Dennison Performance Tapes in a news release dated 23rd May 2022. The app is designed to help converters and their clients quickly select the adhesive technologies from Avery Dennison Performance Tapes that are most suited for their needs. The Core Series Tape Selection App allows customers to digitally browse the Core Series Portfolio, which includes various automotive, construction, and other industrial adhesive technology categories, to choose the optimal tape construction for their application. The Tape Selector App provides converters with the crucial information they need to properly quote their clients’ projects in a four-step procedure. Users may request product samples, prices, and meetings straight from the app, in addition to receiving product suggestions.
As announced by Tesa SE on 25th January 2022, the group invested €55 million (US$58.9 million) in a 70,000 square meter plant to create a new production facility in the Vietnamese port of Haiphong. Every year, Tesa plans to produce about 40 million square meters of adhesive tape from this facility. The organization plans to strengthen its local presence and reduce customer and supplier channels.
Products in the Construction Adhesive Tape Market
DuPontTM Flashing Tape is a self-adhered flashing tape comprised of polypropylene film with a butyl rubber adhesive backing that has higher durability. DuPontTM Flashing Tape helps form a robust barrier against water infiltration around the heads and jambs of rectangular windows and doors. DuPontTM Flashing Tape helps prevent air leakage in addition to bulk water holdout.
Mactac Industrial Tapes provide solvent-free acrylic tapes to offer superior bonding on challenging low-surface energy substrates. Mactac’s high-performance, 100-percent solids acrylic adhesive technology – LSE427 – is featured in LSE427 Acrylic Tapes. On LSE substrates, such as thermoplastic polyolefin (TPO), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene, and most foam materials, including open- and closed-cell foam structures, the aggressive adhesive operates particularly well.
The Pro® 500B, is a fabric-based tape with a powerful natural rubber adhesive on both sides. The Pro® 500B is intended for usage in the convention sector as well as general aviation manufacturing and construction. General mounting and holding may also be done with the Pro® 500B.
Asia Pacific Region to Lead the Market
The Asia Pacific market has been reported to have the largest market share in the laminating adhesive market. Owing to the increasing demand for construction activities in the Asia Pacific region, the market has reported a positive demand. The rapid industrial development and urbanization in the region have resulted in tremendous growth for the construction industry. Countries like China and India have reported a significant growth in construction activities in the region, owing to the rising economical development and growing disposable income among people. Furthermore, the region’s growing population has created several potential prospects for the industry, and with increased government assistance in the region, the industry is expected to expand much further.
Covid-19 Insight
The COVID-19 outbreak caused a worldwide economic slowdown. The introduction of lockdown restrictions in most major countries resulted in significant losses for most major enterprises. The adhesive tape market suffered enormous losses as a result of the closure of construction and other major industries. Key production and supply lines were affected as a result of the outbreak, resulting in a drop in demand for the construction adhesive sector. In addition, a scarcity of labor and raw materials hampered market output.
However, the market has been reported to be rebounding, since most countries have begun to relax their lockdown policies. Moreover, market demand is likely to rise as demand for construction activities rises. Furthermore, the market is predicted to rise due to the growing demand for construction adhesive tapes in key industrial and commercial industries.
Construction Adhesive Tape Market Scope:
The Global Demand for Specialty Enzymes in Healthcare Industry
BlogThe global specialty enzymes market is expected to grow at a compound annual growth rate of 9.08% over the forecast period to reach a market size of US$5.144 billion in 2027 up from US$2.280 billion in 2020.
Specialty enzymes are enzymes that have been made artificially and have uses in the healthcare and pharmaceutical industries. Enzymes are proteins that are utilized to accelerate a chemical or biological action in the body. These enzymes are not destroyed throughout the process but are constantly utilized. Enzyme specificity to certain cells or organs aids in pinpointing the site of damage, which aids in an illness diagnosis. Pharmaceutically significant enzymes play a vital role in the pharmaceutical industry. They are prodrugs that focus on a particular biological irreversible or reversible process to cure a specific illness. For instance, Changing Lactate Dehydrogenase (LDH) levels in the blood are a recommended method for diagnosing the start of cardiovascular illnesses.
The global market for specialty enzymes has grown in response to changes in metabolism and an aging population. Furthermore, rising healthcare expenditure has had a favorable impact on market share.
One of the most significant factors driving the growth of this market is the increasing need for specialty enzymes in the medical sector to manufacture drugs to treat catastrophic diseases such as heart diseases, cancer, age-related pain, bronchitis, and lysosomal storage disorders. The rising frequency of such diseases, along with the world’s growing senior population, is predicted to boost the market’s overall growth.
Because they are essential components of human health, pharmaceutical companies and research institutions have shown a strong interest in the study and development of specialty enzymes that can be used in medicines, novel drugs, food, and beverages, or probiotics, which corresponds to the introduction of microorganisms into the bloodstream to support from their properties.
The increasing investments and development of the pharmaceutical industry will surge the market trend in the upcoming years.
Due to the increasing investments and developments made in the healthcare industry, the market for global specialty enzymes is anticipated to witness a surge in the next five years. With the technological developments, the pharma industry is expanding leading the market trend to increase. For instance, Novozymes and Novo Nordisk Pharmatech signed a partnership agreement in November 2021 that brings together the businesses’ combined expertise and objectives in the production of specialized enzymes for use in biopharma manufacturing and regeneration therapies. Additionally, Enzymes used in biopharmaceutical processing now represent a minor percentage of the Danish kr15 billion (US$2.27 billion) specialty enzymes industry, with annual growth rates estimated to be in the high single digits, as per the company reports. Similarly, JITO Angel Network (JAN), an Indian community-based Angel network, announced an undisclosed investment in Kochi-based health tech business Evelabs Technologies (Evelabs) in July 2022, together with a group of individual investors. The funding was used to assist the firm to develop further IoT-based products as well as promote and execute Dripo Orders from different clinics and hospitals. Furthermore, Allozymes and CSM Ingredients formed a strategic alliance in September 2022 to develop a revolutionary enzyme.
The product launches along with the incorporation of specialty enzymes in the healthcare and F&B industry are projected to be beneficial for the market growth
The growing application of specialized enzymes in the food and beverage (F&B) industry is expected to drive growth in the worldwide specialty enzymes market. These enzymes are employed in the production of wine, cheese, bread, vinegar, and other commodities. Moreover, the rising adoption rate of specialized enzymes in the drug development process, as a result of the growing demand for effective pharmaceuticals, as well as research on the future of medical goods, may help accelerate the worldwide market size.
For example, in February 2020, DuPont Nutrition Biosciences ApS, a Danish business specializing in the discovery, manufacture, and distribution of food and beverage components, enzymes, and bio-based products, developed the POWERBake enzyme relying on its emulsification technology. The enzymes provide bakeries and improvement centers with a unique emulsification solution that meets customer demands for clearer labeling while preserving the flavor and quality of white buns and loaves of bread. Similarly, Amano Enzyme, a specialist enzymes provider, announced the launch of Umamizyme Pulse in March 2022, to be utilized in plant protein-based products.
Univar Solutions Inc., a global chemical and component supplier and value-added service, and Novozymes, the world leader in biological solutions, announced plans to broaden their existing partnership into the US and Canadian homecare, industrial cleaning, and beverages markets in March 2021.
Additionally, Advanced Enzyme Technologies Limited acquired a 51 percent controlling share in SciTech Specialties Private Limited in January 2021. SSPL specializes in animal health, medicines, and nutraceuticals. SSPL uses effervescent products technology to make effervescent items.
According to analysts, the Asia-Pacific region is expected to witness positive growth during the forecast period.
Based on geography, the global specialty enzymes market is divided into North America, South America, Europe, and the Asia Pacific. Geographically, the Asia Pacific region is anticipated to grow because of the developments made in the healthcare industry is predicted to lead the market share to expand in addition to generating more demand from the end-user segments. Because of an increase in cardiovascular disease and cancer occurrences, a high prevalence of different malignancies, and an increase in product releases in the region. Cancer has one of the greatest growth rates in India, according to a report by the Indian Health Metrics and Evaluation. More than 1,392,178 people were diagnosed with cancer by 2020. Furthermore, because of rising disposable income and increased urbanization, the market is likely to expand. Many significant market players intend to increase their geographical presence, and these large manufacturing businesses are establishing themselves in the Asia Pacific area, which is predicted to promote the growth of the Asia Pacific enzymes market.
Global Specialty Enzymes Market Scope:
E-Compressor Market is projected to grow at a CAGR of 20.49% to reach US$10.107 billion in 2029
Press ReleasesThe E-compressor market is expected to grow at a CAGR of 20.49% with a market valuation of US$2.742 billion in 2022 and is expected to reach a market value of US$10.107 billion by 2029.
The e-compressor is a device that can convert the pressure of the gas by reducing the volume of the gas which can be used in air conditioning systems to provide cool air and in a thermal management system this is used to circulate the refrigerant under pressure. These e-compressors have several advantages over the traditional compressors that were previously used for cooling or thermal management systems. These e-compressors work on electricity thus they are quieter than the previous one and reduce harmful emissions to the environment as they run on electricity rather than diesel.
As per the report, the e-compressor market is expected to grow significantly.
The e-compressor market growth is driven due to factors such as
The e-compressor market caters to various business needs based on type, including low voltage and high voltage. The different power requirements based on the mechanical device that needs e-compressors need different voltage e-compressors. For instance, the HVAC systems that are centralized and installed in big enterprises need high power requirements and thus they use high-voltage e-compressors in those HVAC systems.
The e-compressor market encompasses various applications, including battery cooling and air conditioning systems. These e-compressors have a wide variety of applications for changing the pressure of the gas or providing cooling in electric systems. For instance, in air conditioning systems they are used as the compressor that provides the cool air when installed. Hence, this wide variety of applications for e-compressors is predicted to propel growth in the market.
The e-compressor market caters to various business needs based on vehicle type, including motor vehicles and electric vehicles. Each type of vehicle has a variety of needs according to which different types of e-compressors for each type of vehicle catering to their unique needs. In EVs that are widely popular in recent times, these e-compressors are for air conditioning systems and also for cooling down the battery of the EV to provide smooth drive and functioning of the vehicle.
The e-compressor market is poised for growth in the North American region due to rapid growth in the automotive industry in the region especially with the growing popularity and adoption of electric vehicles in countries like the USA and Canada. These e-compressors are widely used in the automotive industry as thermal management systems in vehicles and for cooling down the batteries of electric vehicles.
Furthermore, significant policies made by the government for EVs in the North American region and the growth of the automotive industry in the region are anticipated to boost the e-compressor market growth over the forecast period.
MAHLE GmbH, Bain Capital Private Equity (Valeo), Hanon Systems, Robert Bosch GmbH LLC, Vikas Group, TCCI Manufacturing, Denso Corporation, Mitsubishi Heavy Industries, Ltd., Carl Zeiss Foundation (Schott AG), and Toyota Industries Corporation—these are some of the key companies involved in the e-compressor industry. Each company brings its expertise and products to the market, catering to the diverse needs of organizations and enterprises. From providing innovative solutions for industrial applications like cooling and ventilation systems, these companies play a vital role in upsurging the e-compressor industry.
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This analytics report segments the e-compressor market on the following basis:
Segmentation:
Commercial Aviation Aircraft Tires: Carrying the Heavy Loads and Frictions
Thought ArticlesThe global commercial aviation aircraft tires market was evaluated at US$1.232 billion for the year 2020 and will reach a market size of US$1.531 billion by the year 2027. Over the forecast period, this market is estimated to grow at a CAGR of 3.14%.
Commercial aviation aircraft tires are different from cars, trucks, or any other normal vehicle tires. Aircraft tires are made to support the overall weight of the airplane and all the passengers in it. Commercial aircraft tires must deal with enormous forces and friction while landing. In order to land safely, the aircraft tires are reinforced with strong, flexible materials. Thus, the commercial aircraft tire is specially designed to offer high stability for different types of aircraft ranging from military jets, cargo planes, commercial, etc. The aircraft tire market is expected to expand significantly over the future years despite the difficulties it has faced in the past, such as complex production requirements, restrictions on industrial use, and rubber disposal.
Analysts anticipate that the market will expand at an exponential rate owing to the growing air passenger traffic
According to analysts, the key factor supporting the growth of the commercial aviation aircraft tires market is the growing air passenger traffic around the globe. The major factor aiding the growth of air passenger traffic is economic and demographic growth. The progress in the civil aviation industry is one of the most distinguished improvements of the 21st century, aiding the rapid growth of air transport. For instance, the growing safety requirements for air transport have strengthened the trust of passengers in the aviation industry. Furthermore, the prevalence of organizations such as ICAO (International Civil Aviation Organization) and government regulations to ensure the safety of passengers has further increased air passenger traffic in the past few years. Moreover, the growing middle-class population is stimulating airline activity globally. Furthermore, the availability of low-cost airlines to facilitate the middle-income population has experienced significant growth in the past years. Consequently, the growing number of air passengers is creating a need for higher flight frequency, which is expected to increase the frequency of tire replacements for commercial aircraft. As a result, the overall commercial aviation aircraft tire market is expecting growth. Additionally, globalization has made business travel more prevalent.
During the forecast period, the radial tires segment is expected to witness a significant growth
There are two types of commercial aviation aircraft tires in the market: Radial and Bias. According to analysts, radial tires are expected to witness healthy growth in the market during the forecast period. Radial tires offer more resistance to penetrations and cuts as compared to bias. Further, the radial tires help in even weight distribution with the assistance of stiffer tread. With the even distribution of weight, the tires can get the benefit of longer tread life and less wear. Radial tires are a newer design that can bestow a lower lifecycle cost and long-term value. Lastly, owing to their advanced construction, radial tires offer longevity as they run a bit cooler. On the other hand, the bias tire offers an enhanced speed and stability.
Based on aircraft type, the single-aisle segment is expected to grow substantially during the forecast period
On the basis of aircraft type, the commercial aviation aircraft tires market is segmented into Single-aisle and wide-body. During the forecast period, the single-aisle segment is expected to reflect healthy growth. Owing to the neck-to-neck competition between major single-aisle commercial aircraft market players has propelled the market for single-aisle aircraft. For instance, Bahamas Trade Info reported in July 2022 that Airbus had climbed past Boeing in single-aisle market share. Such tough competitions among the market players are the prime reason for the growth of this market segment. Furthermore, due to the benefits such as low operational cost, ease of maintenance and economical purchase, etc. The demand for small-size aircraft has risen in the past years which is supporting the demand for commercial aviation aircraft tires in this segment.
However, analysts anticipate that the wide-body aircraft is expected to hold a considerable market share. Owing to the growing air passenger traffic the companies are expanding their fleet capacity with large-size aircraft this segment is expected to display promising growth during the forecast period. For instance, in September 2022, Air India announced the signing of a lease agreement with Boeing to progressively induct five wide-body aircraft from December 2022 to boost its domestic and international operations over the next 15 months. Such recent developments are expected to create opportunities in the commercial aircraft tires market during the forecast period.
Geographically, the Asia-Pacific region is witnessing an increase in share in the global commercial aviation aircraft tires market.
The Asia-Pacific and North America regions are expected to hold a significant share of the market due to the growing international passenger market of the respective regions. As per the IATA’s passenger data for the month of August, released in October 2022, Asia-pacific airlines has a 449.2% rise in traffic compared to August 2021. These certain growth factors are expected to have a positive impact on the overall aviation sector in this region. Consequently, the growing aviation sector is predicted to propel the market for commercial aviation aircraft tires market in this region. Additionally, the European Carriers witnessed a traffic rise of 78.8% in comparison with August 2021. This lucrative growth in the Europe region is expected to propel the market during the forecast period.
COVID-19 Insights
The outbreak of COVID-19 had an adverse impact on the global aviation industry. Due to the restrictions on domestic and international travel during the pandemic, the overall number of flights was reduced. For instance, as per the ICAO’s The World of Air Transport in 2020, the overall number of passengers was 4,494 million in 2019 which was reduced to 1,792 million. This data reflected a total annual decrease of 60.1% from 2019 to 2020. Furthermore, the global lockdowns and suspension of flights led to a slowdown in the commercial aviation sector’s activities. In order to contain the spread of the virus, governments across the globe imposed nationwide lockdowns and advised the general public to stay at home. Additionally, the trade restrictions to combat the pandemic further led to a ban on exports consequently affecting the overall aviation logistics industry.
However, the recovery from the pandemic has also paved the path for the future growth of the aviation industry and the growing number of air passengers. For instance, in October 2022, the IATA announced that the total traffic in August 2022 was up 67.7% compared to August 2021. Moreover, IATA also reports that global air traffic is not at 73.7% of pre-crisis levels. Consequently, these recovery statistics are reflecting positive increments in the aviation industry, and as a result, the market for commercial aviation aircraft tires will also experience lucrative growth in the forthcoming years.
Commercial Aviation Aircraft Tires Market Scope:
Conversion of High-Energy Radiation Made Possible by Scintillators
Thought ArticlesThe Scintillator market is evaluated at US$700.597 million for the year 2021 growing at a CAGR of 4.82% reaching a market size of US$974.076 million by 2028.
Scintillators are materials that convert high-energy radiation such as X-rays or gamma-rays to near visible or visible light. These scintillators are widely used as detectors in medical diagnostics, geophysical explorations, and high-energy physics. The scintillator-based detectors consist primarily of a scintillator substance and a photodetector, which could be a photomultiplier tube (PMT) or a photodiode. The photodetector’s function is to turn the scintillator’s light output into an electrical signal. Furthermore, the photomultiplier tubes are considered as most common photodetectors, which consist of photocathodes. The photocathode emits photoelectrons whenever the light photon hits the photocathode. As a result, the subsequent multiplication of that electrons produces an electrical pulse, which could then be analyzed to produce useful understandings about the particle that struct the detectors. Scintillators are extensively used in several applications such as gamma cameras, medical diagnostics, high-energy physics, geophysical explorations, security radiation detectors, gas explorations, and CT scanners among others.
The rapid R&D advancements and growing demand for scintillators in various industries are expected to fuel market growth during the forecast period.
Owing to the numerous benefits of and widespread use of scintillators in industries like manufacturing, healthcare, defense and security industry and nuclear power industry, the market for scintillators has gained momentum in the past few years. With the rapid advancements in technology coupled with ongoing research and developments, the market for scintillators is steadily changing and expected to grow at a steady pace. For instance, in February 2022, the Massachusetts Institute of Technology reported more sensitive X-ray imaging. The researchers at MIT have shown how one could improve the efficiency of scintillators. By changing the surface to create certain nanoscale configurations, such as arrays of wave-like ridges, the efficiency of scintillators can be improved by at least tenfold, and even a hundredfold reported MIT news. In addition to these scientific breakthroughs in the research and development of scintillators, the key market players are also taking a step forward in the scintillator market by introducing a new range of products in the market. For instance, in April 2021 Scintacor, a world leader in the manufacturing and development of large-area Scintillators, announced the availability of their largest-ever Csl: TI scintillators on a range of different substrates. Now, the company can provide the same premium scintillators for usage in mammography, cone beam CT, and Fluoroscopy applications with the ability of up to 310mm-square active area. Such product advancements coupled with the latest scientific research are expected to fuel the market growth for scintillators during the anticipated period.
Furthermore, the increasing demand for scintillators can be attributed to their high precision, efficiency, and ability to detect even lower radiation levels in many end-user industries like healthcare, nuclear power, security, and defense industry among others. For instance, in May 2022, SPIE, an international non-profit organization dedicated to advancing scientific research and engineering operations reported that a successful method for creating radio luminescent polymeric scintillators with different emission colors has recently been described by researchers from Nanjing University of Posts and Telecommunications (NUPT, China). This latest innovation opens a new avenue of research for low-cost flexible radio luminescent polymeric materials.
Based on material type the market for organic scintillators is expected to witness significant growth during the forecast period.
Based on material type, the scintillators market is divided into organic and inorganic scintillators. During the anticipated period, the organic scintillators market is expected to witness significant growth. The organic scintillators generally have fact decay times that range typically ~10-8 Sec which the inorganic crystals are usually far slower. When a charged particle or a photon passes through an organic scintillator, it emits observable photons in the visible portion of the light spectrum. The mechanism for both the scintillators differs from each other. As the organic scintillators have a fluorescence mechanism that arises from a transition in the energy levels of a single molecule, which allows observation of fluorescence independent of the physical state. These advantages of organic scintillators are expected to fuel the market for scintillators under this segment.
The healthcare industry is expected to propel the market growth for scintillators during the forecast period.
The scintillators market is segmented into healthcare, energy and power, manufacturing, defense, and others based on the end-user industry. During the estimated period, the healthcare industry is expected to propel the market growth for scintillators. The healthcare industry mainly utilizes the capabilities of scintillators in order to detect or analyze cardiovascular and neurological diseases. It is expected that the rising number of patients requiring the assistance of cardiovascular care will propel the market for scintillators in the forthcoming years. As per the datasheet of the World health organization, cardiovascular diseases such as heart attacks, and strokes are the leading cause of death globally. In 2019, a total of 17.9 million people died of cardiovascular diseases, estimated the WHO. The total number of deaths represented an overall global population of 32%. And it is anticipated that unhealthy dietary patterns, lack of physical activity, and rising alcoholism among the world population will further increase the need for cardiovascular care. Consequently, the demand for scintillators is expecting positive growth during the forecast period.
According to analysts, the North America is expected to hold a dominant share of the scintillator market during the projected time.
Based on Geography, the scintillators market is divided into North America, South America, Europe, and the Asia Pacific. Geographically, the analysts projected that the Americas would account for a sizeable portion of the market during the anticipated period. Research in the Americas is anticipated to increase because of the rising investments in the space sector and the expanding security concerns in the region. Furthermore, the GE research demonstrated the applications of radiation detectors for homeland security operations in the US in the Radiation Awareness and Interdiction Network (RAIN) program which was funded by the Department of Homeland Security and Domestic Nuclear Detection Office (DNDO). This program demonstrated a system that can detect real-time radioactive materials concealed in vehicles moving at highway speed. Such advanced technology with the support of the US government to aid the rising security concerns in the region is expected to propel the market for scintillators in this region. Moreover, the demand for scintillators is also rising in the European and Asia Pacific areas as a result of the expanding imaging modalities which are made possible by the booming medical industry. The Asia Pacific region’s market growth is anticipated to be driven by the expansion of nuclear power plants and other infrastructure in China, India, and Japan.
Scintillator Market Scope:
The Future is Now, with Beacon Technology
Thought ArticlesThe Global Beacon market size was valued at US$2.952 billion in 2022 and is anticipated to increase at a Compound Annual Growth Rate of 21.01% over the predictive period to reach US$11.219 billion by 2029.
A Bluetooth beacon is a tiny wireless device that uses Bluetooth Low Energy (BLE) for communication. It’s similar to a lighthouse in that it sends out a steady signal that other devices can detect. Every ten seconds, the beacon transmits its ID numbers (more or less, depending on its settings). That signal is picked up by a nearby Bluetooth-enabled device, such as a smartphone or gateway. When a dedicated app identifies it, it connects it to a cloud-based file or piece of material and presents it to the viewer.
Types of BLE Beacons
Bluetooth Low Energy beacons are available in several types. However, the major types of BLE beacons are:
iBeacon: Apple’s iBeacon was the first BLE Beacon technology to be introduced, hence, most beacon data formats are based on it. iBeacons may be read and broadcast from any BLE-capable iDevice, and are enabled in numerous Apple SDKs. The iBeacon is a closed, proprietary standard. There is a big ecosystem surrounding iBeacons, as well as a large pool of developer tools. However, one must be a member of Apple’s developer community to access these tools.
Since iBeacons are an Apple product, it is being used by a number of people, because of its functional and stable ecosystem. The sole constraint is that the iBeacon data must be interpreted using a database. Without a compatible database, UUIDs cannot function.
AltBeacon: Radius Networks offers an open-spec, free beacon design called AltBeacons. AltBeacon’s open-source specification expects to compete with Apple’s closed-source iBeacon specification. It covers almost the same capabilities as an iBeacon. However, it does not have as much technical support as of yet.
While iBeacons have 20 of the 27 bytes of user data available (UUID+Major+Minor), AltBeacons have 25 of the 28 bytes available (MFG ID, BeaconCode, BeaconID, MFG RSVD). This implies that more information can be transmitted with each message.
AltBeacons have a lot of potentials. They make good use of the available space, are backward compatible with iBeacons to some extent and are open source. However, it is a very new technology, with a very small user base, and thus has to struggle a lot to compete against the market penetration of iBeacons.
URIBeacon: Google’s URIBeacons project is part of their Physical Web ambition. The project appears to be inactive development and will most likely improve significantly over time. URIBeacons can be defined as iBeacons with a URL in the payload, which makes them quite comparable to BLE-enabled QR codes. They use BLE advertising packets to provide brief internet connectivity. Unlike iBeacons and AltBeacons, which are typically used as “put up once and leave running forever” devices, URIBeacons feature a configuration service and are intended to be upgraded with new data and change over time. In iBeacons and AltBeacons, a database is also necessary to provide meaning to the data, but with URIBeacons, the entire internet acts as the database.
URIBeacons use the same channel as the other beacons to transmit data. URIBeacons distribute internet links, allowing them to link to more relevant and maybe context-aware information. Moreover, URIBeacons are designed to be readily modified. Furthermore, with the implementation of the BLE IP standard, URIBeacon may be able to communicate with the internet via telephonic technology, allowing for a two-way communication channel.
Applications of BLE Beacons
Beacons have been increasing in utility, owing to the developments and advancements in technology. They have been known to be used in offices for streamlining everyday tasks and to increase the customer base of organizations. Sales and promotional strategies can be easily implemented through beacon technology. Beacons can be used to measure floor occupancy of offices, estimate office space utilization, track employee location in emergencies, visitor tracking, etc. They can also be used to measure simple day-to-day data such as temperature, humidity, motion, air quality, and more in real-time.
Additionally, Beacons have been known to increase organizational productivity by providing navigational information to office visitors, as well as to airport or railway station passengers through smartphone applications.
Asia Pacific region to lead the market
In the worldwide beacon market, Asia Pacific is said to hold the highest share. The market is predicted to grow as demand for navigational systems increases in manufacturing and supplying units. Countries such as China, India, and Korea have reported substantial growth in the beacon market. Also, the growing organized retail sector has led to a growth of malls and supermarkets in the region, further fueling the demand for the beacon market. Educational and research sectors have also reported a growth in demand for the market. Many fast-food restaurants in the region have also reported the increasing usage of beacon technology for replacing waiters and staff, and also to streamline the efficiency in restaurants.
Covid-19 Insight
The COVID-19 virus pandemic resulted in a global economic collapse. Most major sectors experienced large losses as a result of the implementation of shutdown restrictions in most major nations. However, the global beacon market had a positive impact on the COVID-19 pandemic. To limit the spread of the COVID-19 virus, governments around the world launched smart wearable devices, to monitor and limit the spread of the virus among people. These devices were available as smartwatches or ankle bracelets and they would collect health data from the user to monitor potential signs of infection. These devices were also used to monitor quarantined patients via location tracking and to reduce the spread of the virus. Proximity tracking of such devices also helped in maintaining social distancing in public or workplaces. These devices helped in maintaining a steady growth of the global beacon market, and are also expected to further increase the demand for the global beacon market.
Global Beacon Market Scope:
Advanced Camera Module Technology Open the Door to Less Invasive Visualization
BlogThe global compact camera module market is expected to grow at a compound annual growth rate of 13.56% to reach a market size worth US$92.145 billion by 2029. This market was valued at US$37.825 billion in 2022.
The camera module enables mobile devices such as smartphones, automobiles, and smart home appliances to capture photos and record videos. It is responsible for high resolution, low power, slimming, miniaturization, and high stiffness. A typical camera module is integrated with image sensors, aperture, lens, IR filter, and various other components. These devices have been widely used as video input devices in security systems, video conferencing, and real-time monitoring. The rapidly advancing technology and innovations in the internet industry and photographic imaging device technology further changed the market landscape of camera module systems. Consequently, coupled with the rapid camera adoption, the price of the camera module technology dropped down, further expanding its reach into the market. In the present-day world, cameras are widely being used in various consumer electronics like mobile phones, personal computers, and many others, boosting the advancements in photographic imaging technology further.
Analysts anticipate that growing demand for consumer electronics are bound to propel the compact camera module market
Increasing penetration of smartphones, laptops, digital cameras, and other similar products is driving the market’s demand. Just a few years ago, bulky and heavy digital camera recorders were still a significant investment. Yet, today, the development of small-sized modules has revolutionized the market. Smartphones typically have multiple cameras, and game consoles are preparing to integrate video, digital stills, and 3-D interaction into the overall gaming experience. Furthermore, changing consumer trends and growing demand for better camera specifications in smartphones motivate the new technological advancements in the compact camera module market. The fierce competition among the manufacturers to offer enhanced camera functions, including better zooming, optimized picture quality, and lens technology, all while maintaining the final design sleek with space optimization, is further adding impetus to market growth. Amid the fiercely competitive landscape, manufacturers are constantly in pursuit of providing better offerings to enhance their brand presence in the market. For instance, Motorola is expected to release a smartphone that includes Samsung’s new 200MP ISOCELL HP1 camera sensor. The brand intends to release this 200MP camera phone in 2022. Similarly, Xiaomi has also revealed its intention to release a device with a 200MP rear camera in 2022. Likewise, in May 2022, Xiaomi, a Chinese smartphone manufacturer, announced a collaboration with Leica, a German camera manufacturer. According to the brand, the first smartphone from the duo’s collaborative efforts will be released in July of 2022. The former announced a long-term collaboration with the latter to develop camera technological advances for its upcoming smartphones. The partnership is expected to enhance the imaging strategies of the duo. The Hasselblad’s, a leading color science technology provider, and Oneplus’ partnership in 2021 are yet another example. With this partnership, the latter aims to have the former’s camera module system integrated to provide much more aesthetic and natural-looking photos. Similar developments are expected to further fuel the market growth in the upcoming years.
Image sensors are expected to hold a dominant market share owing to the evolving trends
By component, the global compact camera module market landscape is segmented into the lens, actuators, image sensors, adhesives, and others. The image sensor is expected to hold the dominant share in the market. An image sensor, also known as an image, is a sensor that detects and transmits the information used to create an image. Several manufacturers are gearing up in the strategic developments and launch of innovative image sensor technologies. CMOS Image sensors, in particular, have been gaining traction owing to their appealing attributes such as inexpensive and easy design-build. In March 2021, for instance, Sony Corporation announced the launch of its large format 56.73 mm diagonal CMOS image sensor into the market, targeting the industrial camera equipment market. This new sensor features an increased pixel count of 127.68 megapixels, and motion distortion-free imaging enables a wide viewing angle as well as high-resolution imaging in the latest product. It is integrated with signal processing capabilities optimized for industrial equipment CMOS image sensors, meeting a wide range of requirements. As of late, the demand for digital transformation in various industrial equipment fields is increasing. This has augmented the adoption of cameras for a wide range of applications, fuelling demand for CMOS image sensors with improved imaging performance. The advancements and adoption of drone technologies, for instance, have further augmented the market. Drone technology holds the potential and is capable of improving the efficiency of various industries while maintaining the highest levels of safety and reliability. The launch of ‘Airpeak’ aircraft by Sony in January 2021 as part of its drone project in the field of AI robotics is a prime example of this. The company established the Airpeak brand in order to pursue drone technology, with an aim to unveil a new market targeting the professional photography and video production industry. Consequently, the evolving trends in the market are expected to expand the horizons of the image sensors market, enabling pattern recognition via Artificial Intelligence and enhancing back-illumination sensors like never before.
Covid-19 Insights
COVID-19 had a significant impact on the compact camera module. The rise in active cases mandated lockdown and social distancing measures led to the closure of the production facilities, decreasing productivity. Furthermore, the international travel restrictions, including a halt in airline and port closures, affected the imports and exports of several countries. This created a gap in the supply and demand chain, further slowing down the market growth. At the same time, the end-user industries of the compact camera module market, including consumer electronics, communication devices, automotive, and security & surveillance markets, also faced similar issues and witnessed slow growth, reducing the demand for the compact came modules. For instance, according to the Camera and Imaging Products Association, the overall digital still camera shipments decreased by 41.6 percent and 29.4 percent by volume and value, respectively, between January and December 2020.
Compact Camera Module Market Scope:
3D Printed Footwear- Wear Your Future
Thought ArticlesThe 3D Printed Footwear market was valued at US$830.630 million in 2020 and will increase to US$3.296.967 million by 2027. Over the forecast period, this market is estimated to increase at a compound yearly growth rate of 21.77%.
The production of a three-dimensional object from a CAD model or a digital 3D model is known as 3D printing or additive manufacturing. The term “3D printing” can apply to a range of procedures in which material is deposited, connected, or solidified under computer control to make a three-dimensional object, with material added layer by layer. Any footwear specialist can construct a test shoe using 3D printing for footwear prototype before designing their final design, which has been around for a long now. However, because of the technological revolution, additive manufacturing has become cost-effective and productive enough to mass-produce accessible shoes in large quantities by the method of 3D printing of footwear.
According to analysts, the increasing demand for customized footwear will be the driving force behind the market’s robust growth over the forecasted timeframe.
3D-printed footwear is anticipated to become one of the most popular consumer goods in the future. This transition will be driven by two major trends: first, customer demand for more individualized products, and second, the growing role of digital production. Consumers today are asking for tailored, individualized services. 3D printing, on the other hand, gives businesses a new degree of personalization by allowing them to create shoes that are specially fitted for their customers. While the possibility of mass-customized footwear is still being investigated, footwear companies are just getting started on making plans to sell custom footwear on a large scale. As more firms take risks with 3D printing, the utilization of the technology in footwear production will improve.
Adidas, the German sportswear company, is one of the pioneers in 3D printing in the footwear sector. Futurecraft 4D, AlphaEdge 4D, 4D Run 1.0, and several other 3D printed footwear lines have been successfully launched in recent years with a heavy focus on customized footwear. Key businesses are attracting customers with new types of 3D-printed footwear. New product introductions help vendors increase footwear sales and market share, propelling the global 3D-printed footwear market ahead. For example, Adidas announced the release of the Futurecraft ‘STRUNG’, the next edition of its 3D-printed sneakers, in June 2021. Furthermore, Adidas launched 4DFWD shoes with a Carbon 3D printed lattice midsole in May 2021.
Digitization and automation are other major elements pushing footwear 3D printing usage. Shoemaking is a time-consuming, multi-step process in which the majority of the work is still done by hand. A finished pair of shoes necessitates the use of specialized equipment and people. As a result, footwear manufacturers are constantly looking for ways to improve their manufacturing processes. A few shoe components can be 3D printed seamlessly, allowing shoe firms to expedite production. Unlike traditional manufacturing procedures, 3D printing does not require any additional tooling to make a product. As a result, after developing a digital model, specialist software applications would determine the printed speed and part orientation parameters on a build platform.
The 3D Printed Footwear’s market expansion could be hindered by limited resources and weak results.
Although some businesses are claiming to be able to 3D print in rubber, the materials that 3D printers can print are still limited. If models can’t be printed with materials that mimic EVA, TPR, PU, and other materials, print soles will be utilized primarily for specialty footwear or visual validation, rather than for general performance. Furthermore, printing a functional upper will take time. Shortly, the capacity to 3D print rubber or something comparable to it could be a reality. Because of the layer-by-layer procedure used to generate them, 3D printed parts are now weaker than conventionally manufactured parts. Because of current manufacturing methods, a sole’s bulk will be consistent throughout, whereas a sole made of rubber will be more flexible.
During the projected period, the VAT Polymerization segment is expected to grow rapidly in the 3D Printed Footwear market.
By Technology, the 3D Printed Footwear market can be segmented into Filament Extrusion, VAT Polymerization, Power Bed Fusion, and Material Jetting. As it is the most commonly utilized process for curing resin (liquid photopolymer) with light, VAT Polymerization is likely to dominate the global market for 3D Printed Footwear. It is the most established and dependable 3D printing technology. The fixed section of the product can be made completely airtight and watertight using this technique. The 3D printed footwear market is expected to grow as it becomes more popular and widely used. In addition, VAT Polymerization printers can produce highly detailed prints with feature sizes as tiny as 0.3 mm.
During the forecasted time frame, the Thermoplastic Polyurethane (TPU) segment in the 3D Printed Footwear market is predicted to have a dominating share.
Polyurethane and Thermoplastic Polyurethane are the two main materials used in 3D printed footwear (TPU). A thermoplastic elastomer has qualities such as elasticity, oil absorption, resistance, transparency, and breathability, thermoplastic polyurethane is a thermoplastic elastomer. This material can be utilized on practically every aspect of a shoe, making it extremely efficient to work with. As a result, both the category and the 3D printed footwear industry are predicted to grow. In the 3D printed Footwear Market, TPU holds the most portion of the predicted timeframe.
During the projected period, the uppers segment is expected to grow rapidly in the 3D Printed Footwear market.
The 3D printed Footwear market is divided into three categories: insoles, midsoles, and uppers. Because they can be formed from nearly any material and are positioned at the top of the shoe, 3D printed Uppers are likely to capture a large piece of the market. It encourages people to use 3D printing technology and create personalized designs, which is projected to boost demand for the technology and propel the global 3D printed footwear market forward.
During the forecast period, the 3D Printed Footwear market in North America is predicted to have a dominating share.
The 3D Printed Footwear market is classified into five regions based on geography: North America, South America, Europe, the Middle East, Africa, and the Asia Pacific. The North American market is expected to account for the largest revenue share in the 3D Printed Footwear market over the projected period. Over the projected period, the significant increase in the number of local and worldwide vendors in countries such as the United States would aid the expansion of the 3D-printed footwear market in North America. According to the 3D printing Sentiment Index published by Ultimaker, a desktop 3D printing company, in November 2019, the United States is the most advanced country in 3D printing. Market expansion is expected to be fueled by several new product releases, as well as product enhancements and developments. Carbon, a US-based manufacturer of 3D printing technologies, announced its new L1 3D printer in February 2019. Stratasys Ltd. (Stratasys) announced the debut of their F120 3D printer in April 2019. Simple controls and remote self-monitoring are included with the new 3D printer. Furthermore, Aetrex Worldwide Inc. offers Aetrex, which can translate the data and build a 3D printed orthotic that fits the individual’s foot perfectly.
Covid-19 Insights
The COVID-19 epidemic has had a negative influence on 3D Printed Footwear. In reaction to the COVID-19 outbreak, several end-user manufacturing units have paused output, disrupting the 3D printing footwear supply chain. COVID-19 has had a minor influence on the 3D printed footwear business since the markets affected by coronavirus are geographically positioned where it has the biggest impact. Because demand was low and manufacturing stalled in many facilities, the outbreak had a detrimental influence on the 3D printed footwear supply chain.
Automatic Power Factor Controller – An Integral Device for High Performance, and Effective Power Consumption
BlogThe Automatic Power Factor Controller market is expected to grow at a compound annual growth rate of 5.32% to reach a market size worth US$4.559 billion by 2029. This market was valued at US$3.166 billion in 2022.
The reactive loads on a network continue to rise in today’s complicated energy landscape. Reactive power has significantly increased due to an increase in the power of transformers, transmission lines, and generators. Controlling reactive loads has grown essential, and the power factor controller has played a key role in reactive power correction systems. The power factor controller switches capacitors in order to achieve a user-defined target cos ?. The integration of a power factor controller enables feasible streamlining of operations, speeds up troubleshooting, and lowers the costs of supervised systems by using a power factor controller. The automatic power factor controller optimizes and increases the output power whenever the power factor decreases below a standard threshold value. Furthermore, it also enables easy monitoring of the parameters, reduces electric consumption, and enhances the equipment’s lifespan. The attributes mentioned above are bound to increase the demand for automatic power controllers. The global market of Automatic Power Factor controllers is segmented by type, component, end-user industry, and geography.
Analysts anticipate that the market will grow due to the increased demand for automatic power factor controllers across different industry verticals during the forecast period.
The growth of the market could be attributed to the rising need for power conversation in industries and in-home utilities to save electricity. These devices offer high-power factor consistently even under fluctuating loads, eliminate power factor penalty, continuously monitor the load, and can automatically switch on or off the capacitors, ensuring uniform power factor. Furthermore, with advancing technologies and the penetration of industry 4.0, the new trend of automation is expected to boost the market size, owing to increased efficiency and productivity in operation. Furthermore, the enactment of several stringent regulations to reduce energy consumption and reduce emissions are expected to affect the market growth positively. Consequently, many industries, including manufacturing, commercial, utility, and defense, are actively investing in upgrading their operation facilities to manage power much more efficiently while complying with the norms and regulations. Furthermore, these devices not only contribute to power factor management but also safeguards the equipment from harm. The aforementioned appealing attributes and developments in the industry of the automatic power factor controller are slowly but surely driving the growth of the market onward.
The high cost of installation and maintenance of automatic power factor controllers could hinder the market growth at a global level.
The high cost of installing and maintaining automatic power factor controllers is a major limitation in the global market, impeding market development. The commercial and industrial automatic power factor controllers are expensive, enabling only financially-able to adopt these devices. Furthermore, if the controller breakdowns, repairing is not a feasible option, owing to high repairing costs. These automatic power factor controllers also need regular maintenance to maintain smooth operation coupled with the technical limitation, which takes a significant portion of the companies’ budget. Such factors are causing to slow down the market’s overall growth. Furthermore, the cost of designing and manufacturing automatic power factor panels is extremely high due to the inclusion of large-capacity capacitors and inductors for low-frequency filtering. Similarly, the automatic power factor controllers with capacitors can easily be damaged once voltages surpass the threshold value and have a very short service life of about ten years. Such factors are expected to serve as a constraint, hampering the market growth.
According to regional analysis, the automatic power factor controller market in North America and the Asia Pacific is expected to hold a significant share during the forecasted period.
By geography, the automotive power factor controller market is segmented into five regions: Asia Pacific, Europe, North America, South America, and the Middle East and Africa. The presence of major key players in North America and their strategic developments deployed them is expected to fuel the market growth in the region. The launch of a next-generation power factor controller by ABB is the best example of this. This new RVC device comes with a simple, unique, and intuitive design, offering an enhanced user experience for effective monitoring and controlling. This new RVC can be used to monitor and control the power factor in multiple industries, from commercial and residential buildings to various end-user industries, including chemical, beverage, plastics, automotive, cement, and many more. Another example of this is a new product line launch by WEG in August 2019. This new line of automatic power factors and controllers enables reduced supervised system costs, swifter troubleshooting processes, and enhanced manufacturing processes. Furthermore, the steadily flourishing Asia Pacific’s manufacturing industry, coupled with the easy availability of skilled labor in the region, is expected to propel market growth. The market in their region is expected to be driven by China, India, Japan, and South Korea. The growing infrastructure development and the necessity for power management devices are expected to add impetus to the growth of the automatic power factor controller market in the forecasted period.
Covid-19 Insights
The global pandemic had a negative impact on the automatic power factor controller market. The mandated lockdown and quarantine have led to the closure of many production facilities, either partially or wholly. The surge in infection rates and social distancing measures enforced by the government has resulted in a shortage of human resources temporarily, thereby negatively affecting the productivity of enterprises. The closure of borders by multiple nations has further affected the imports and exports of the products. Moreover, the recession in the global economy has caused multiple end-users of the automatic power controller market to temporarily put a hold on their projects and slow down their strategic development plans. Nevertheless, post-covid, the market is expected to revive with the increase in demand for the end-user markets and, subsequently, automotive power controllers.