Distributed Fiber Optic Sensor In Oil & Gas Market: Advanced Technologies and Growth Opportunities Worldwide By 2030

 Distributed Fiber Optic Sensor In Oil & Gas Market Growth & Trends

The global distributed fiber optic sensor in oil & gas market size is anticipated to reach USD 781.2 million by 2030 and it is projected to grow at a CAGR of 4.6% from 2024 to 2030, according to a new report by Grand View Research, Inc. Technological advancements spark innovation, leading to the creation of advanced tools and systems such as Distributed Fiber Optic Sensor (DFOS). These sensors, utilizing advancements in fiber optics and sensing technologies, transform safety and monitoring in the industry by offering real-time, precise, and continuous monitoring of critical infrastructure, pipelines, and equipment. These innovations significantly enhance operational efficiency and reduce costs. Advanced drilling technologies, automation, and data analytics optimize exploration, extraction, and production processes in the oil & gas sector. The integration of AI-driven predictive maintenance systems powered by DFOS aids in the early detection of anomalies, minimizing downtime and operational costs by facilitating proactive maintenance.

Technological advancements generate an unprecedented volume of data, driving the evolution of analytics and machine learning tools. These sophisticated tools harness this wealth of information, providing actionable insights crucial for informed decision-making. Within the oil and gas sector, data analytics are important in various facets, including reservoir management, predictive modeling, and the optimization of production processes. By utilizing data analytics, companies gain comprehensive insights into reservoir behavior, enabling more accurate predictions and informed strategies for resource extraction.

Moreover, these analytics simplify production processes by identifying inefficiencies, enabling proactive maintenance, and facilitating optimized operational workflows. This data-driven approach empowers the industry to make precise, strategic decisions that enhance efficiency, minimize risks, and drive sustainable growth.

Further, various governments are also investing significantly in the technology developments in the industry. For instance, the Canadian government announced a $10 million investment in the University of Alberta's fiber optic sensing research, which includes DFOS. The investment is expected to accelerate the development and commercialization of DFOS technology, with a focus on its application in the oil and gas industry.

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Distributed Fiber Optic Sensor In Oil & Gas Market Report Highlights

• Based on type, the distributed temperature sensing (DTS) segment has dominated the market with a significant market share in 2023. The demand for increased surveillance and security of infrastructure, such as oil and gas pipelines, transportation networks, power grids, and military facilities, is rapidly growing
• Based on type, the distributed acoustic sensing segment is being increasingly employed for monitoring and controlling pipeline systems. Well and reservoir monitoring are the primary types with the greatest potential to increase the penetration of DFOS in the oil and gas sector
• North America is anticipated to gain a substantial share over the forecast period. The growing adoption of advanced technologies across a constantly increasing set of types across industries in North America is driving the expansion of Distributed Fiber Optic Sensor (DFOS) technology
• The oil and gas industry is increasingly adopting automation and digitalization to improve operational efficiency and reduce costs. Permanent systems may incorporate advanced sensors, data analytics, and machine learning algorithms to optimize processes. Moreover, the continued development of shale resources, particularly in the Permian Basin (Texas and New Mexico) and the Bakken Formation (North Dakota and Montana), is augmenting the market growth. Advances in hydraulic fracturing (fracking) technology are driving increased production
• The adoption of advanced technologies, like digitalization, artificial intelligence, and automation, was on the rise in the APAC oil and gas industry. These technologies were being used to enhance operational efficiency, reduce costs, and improve safety. Moreover, some APAC countries are making strategic investments in downstream activities, including refining and petrochemicals. This is driven by the aim to capture more value from the entire oil and gas value chain

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Distributed Fiber Optic Sensor In Oil & Gas Market Segmentation

Grand View Research has segmented the global distributed fiber optic sensor in Oil & Gas Market based on type and region:

DFOS in Oil & Gas Type Outlook (Revenue, USD Million, 2017 - 2030)

• Distributed Temperature Sensing (DTS)
• Distributed Acoustic Sensing (DAS)
• Others

DFOS in Oil & Gas Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Latin America
  • Mexico
  • Brazil
• Middle East and Africa
  • Kingdom of Saudi Arabia (KSA)
  • UAE
  • South Africa

List of Key Players in the Distributed Fiber Optic Sensor (DFOS) in Oil & Gas Market

• Bandweaver
• Brugg Kable AG
• Halliburton
• Luna Innovations Inc.
• OFS Fitel, LLC
• Omnisens SA
• SLB
• Yokogawa Electric Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Global Orthopedic Contract Manufacturing Market Analysis By Leading Players, Types, Growth Factors, Demand, Opportunities, Current Trends & Predictions

 Orthopedic Contract Manufacturing Market Growth & Trends

The global orthopedic contract manufacturing market size is anticipated to reach USD 12.96 billion by 2030 and it is projected to grow at a CAGR of 7.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increase in off-shoring medical device manufacturing to the emerging economies, growing incidence of orthopedic conditions, technological advancements in orthopedic implants, and increasing pipeline products are few of the factors supporting the demand for contract manufacturing services, thereby augmenting the growth of the global market.

Technological innovations in orthopedic devices and implants have significantly transformed the landscape of musculoskeletal healthcare, enhancing patient outcomes and revolutionizing treatment approaches. Technological advancements such as 3D printing, advanced alloys, minimally invasive techniques, and nanotechnology applications are some parameters boosting demand for orthopedic products. Several medical device companies are focusing on the development of such novel products.

For instance, in April 2022, The Orthopaedic Implant Company announced the FDA clearance of its high-value dorsal spanning plate. This latest inclusion in the company’s orthopedic trauma implant lineup extends the potential clinical benefits of the DRPx wrist fracture plating system, solidifying its position as the most comprehensive and cost-effective alternative to other premium-priced plating systems. Hence, in response to meeting these demands, several original equipment manufacturers are collaborating with contract manufacturers to fast-track the development and manufacturing of these products, thus supporting market growth.

Furthermore, increasing patient demand for personalized and customized orthopedic implants, tailored to patient-specific anatomy and requirements is driving the need for third-party vendors with specialized expertise to manufacture such products. Moreover, the surge in orthopedic conditions such as osteoarthritis, bone fractures, and traumas has further boosted demand for bone health products, thereby supporting the growth of the global market.

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Orthopedic Contract Manufacturing Market Report Highlights

• Based on type, the implants segment dominated the market with a 63.5% revenue share in 2023. This large share is attributed to the increasing demand for novel orthopedic implants and increasing regulatory clearance of such products
• Based on service, the spine & trauma segment is expected to grow at the fastest CAGR over the forecast period. The high growth of the segment is majorly due to the advancements in materials and technologies used to develop such products, which provide superior health benefits. This has resulted in a high number of product launches in this segment, thus simultaneously boosting demand for contract manufacturing services
• North America dominated the market owing to factors such as increasing prevalence of orthopedic conditions in the region, presence of major market players, availability of reimbursement, and government support for quality healthcare
• Asia Pacific is anticipated to witness a lucrative CAGR across the analysis timeframe. High growth of the region is majorly due to the presence of a vast and diverse patient population, increasing healthcare investments, favorable economic conditions, and a rising trend of outsourcing manufacturing processes have contributed to the emergence of the Asia-Pacific region as a key hub for high market growth

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Orthopedic Contract Manufacturing Market Segmentation

Grand View Research has segmented the global orthopedic contract manufacturing market based on type, services, and region:

Orthopedic Contract Manufacturing Type Outlook (Revenue, USD Million, 2018 - 2030)

• Implants
• Instruments
• Cases
• Trays

Orthopedic Contract Manufacturing Service Outlook (Revenue, USD Million, 2018 - 2030)

• Forging/Casting
• Hip Machining & Finishing
• Knee Machining & Finishing
• Spine & Trauma
• Instrument Machining & Finishing
• Others

Orthopedic Contract Manufacturing Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • Thailand
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players in the Orthopedic Contract Manufacturing Market

• Tecomet, Inc
• Orchid Orthopedic Solutions
• Cretex companies
• Viant
• ARCH Medical Solutions Corp.
• Avalign Technologies
• LISI Medical
• Paragon Medical
• Norman Noble, Inc.
• Autocam Medical

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Linear Actuator Market is Projected to Boost $94.3 Billion by 2030: Grand View Research Inc.

 Linear Actuator Market Growth & Trends

The global linear actuator market size is anticipated to reach USD 94.3 billion by 2030, registering a CAGR of 8.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rise in industrial automation and robotics is significantly fueling the expansion of the market. These electromechanical devices play a vital role by transforming rotational motion into linear motion, providing precise control and movement in a wide range of applications. The increasing focus on improving productivity, efficiency, and accuracy in manufacturing processes has resulted in the widespread integration of linear actuators into automated systems.

The aerospace and defense sectors necessitate actuation systems that are both high-performing and dependable to fulfill stringent requirements. Linear actuators play a crucial role in a wide range of applications within these industries, including aircraft wing flaps, landing gear mechanisms, missile guidance systems, and satellite positioning systems. The demand for linear actuators in these sectors arises from the necessity for precise and responsive motion control, decreased weight, and heightened safety measures. These actuation systems are vital in ensuring the optimal functioning and reliability of critical aerospace and defense components.

The integration of linear actuators into preexisting systems or retrofitting them into older equipment can present significant challenges in many cases. These obstacles arise from disparities in actuator specifications, mechanical compatibility, and control interface requirements. Retrofitting linear actuators may necessitate supplementary modifications or adaptations to the current infrastructure, resulting in elevated costs and heightened complexity. These integration barriers have the potential to discourage prospective end-users from embracing linear actuators, particularly in industries that heavily rely on retrofitting for automation purposes.

The application of linear actuators extends to electric vehicle components including seats, motorized windows, and sunroofs. Within EVs, the conversion of electrical energy into linear motion by linear actuators occurs with exceptional efficiency, a crucial aspect in EVs where energy efficiency holds significant importance. These actuators find utility in diverse EV applications, including the control of window and sunroof movements and seat position adjustments, among others. As the adoption of EVs continues to surge, the demand for linear actuators is poised to rise in tandem. Furthermore, advancements in technology contribute to the enhanced efficiency, precision, and durability of linear actuators. Consequently, these factors amplify the demand for linear actuators across various industries, creating an opportunity for market growth.

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Linear Actuator Market Report Highlights

• Mechanical segment dominated the market with a revenue share of more than 36% share in 2023. Mechanical linear actuators are essential devices widely used in various industries and applications such as robotics, automation, aerospace, and automotive among others
• The hydraulic segment is anticipated to grow at a considerable growth over the forecast period. This segment provides high force and torque capacity, making them suitable for heavy-duty applications such as lifting and positioning large loads in industrial and construction settings
• Asia Pacific is expected to hold the highest CAGR over the forecast period. The growing demand for EVs in countries such as China and Japan is driving the demand for linear actuators in the Asia-Pacific region

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Linear Actuator Market Segmentation

Grand View Research has segmented the global linear actuator market based on operation mechanism, and region:

Linear Actuator Operation Mechanism Outlook (Revenue, USD Billion, 2018 - 2030)

• Mechanical
• Hydraulic
• Pneumatic
• Electro-mechanical Actuators

Linear Actuator Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • U.A.E.
  • Saudi Arabia
  • South Africa

List of Key Players in the Linear Actuator Market

• Actuonix Motion Devices
• BISHOP-WISECARVER
• ElectroCraft
• Emerson Electric Co.
• Fabco-Air, Inc.
• IAI America, Inc.
• ISOTECH, INC.
• LINAK
• Progressive Automations Inc.
• Rollon Corp.
• SMC Corporation
• TiMOTION Technology Co. Ltd.
• Tolomatic USA
• Ultra Motion
• Venture MFG. Co.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Fire Suppression System Market to Incur Meteoric Growth During 2024 to 2030: Grand View Research Inc.

 

Fire Suppression System Market Growth & Trends

The global fire suppression system market is anticipated to reach USD 29.54 billion by 2030 and is anticipated to expand at a CAGR of 5.0% during the forecast period, according to a new report by Grand View Research, Inc. The market is anticipated to be driven by rapid infrastructure development, expansion of the manufacturing sector, rising urban population, and continuous research & innovation in fire extinguishing system technology.

Furthermore, the imposition of stringent fire safety regulations across the globe by various national regulatory bodies is fueling the market growth. The stringent regulations increased the adoption rate of fire suppression systems, as they made it mandatory for the residential, commercial, and industrial sectors to install equipment & undertake fire resistance & fireproofing measures.

The technological advancements and incorporation of automation in fire extinguishing equipment further drive the market. Depending on the end user & application, the nature of equipment required to douse the fire at the initial stage varies. Hence, to cater to unique needs, the market players have been investing in research & development and launching new products & services pertaining to the fire suppression system market. Also, this factor has been generating innovation in the market.

Market entry strategies are various ways that are adopted by companies to enter into new or foreign markets. Strategies that are generally used by companies include licensing, direct exporting, partnering, franchising, joint ventures, turnkey projects, piggybacking, acquisitions, and Greenfield investments. Market entry strategies depend on numerous factors, including tariff rates, trade barriers, competition, export subsidies, price localization, and transportation costs. Hence, to develop the market key players have adopted various Go-to-Market strategies as per their strengths.

In recent years, retrofitting of fire suppression systems in existing or old buildings has increased, especially in healthcare, restaurants, hotel facilities, and government institutions. The distributors play a vital part in the value chain of the market owing to the growing demand for fire suppression devices from the residential sector and SMEs. Also, these distributors enter into an agreement with local system installers to provide after-sales service to the end consumer. Further, the mature market players have adopted an Omni-channel distribution strategy to retain & improve their market share.

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Fire Suppression System Market Report Highlights

• Fire extinguishers segment led the market and accounted for 57.5% of the global market revenue in 2023, owing to proactive measures adopted by national governments regarding the technical requirements for construction sites to get the completion certificate. For example, the mandatory requirement of a consolidated fire safety plan to facilitate compliance with regard to fire safety in Canada.
• The sprinklers segment is likely to grow at a significant pace over the forecast period. Modern sprinklers are incorporated with an automated system that maintains the required flow rate and suitable pressure while dousing the fire. Due to this automation, the requirement of human involvement can be eliminated.
• The dry chemical powder fire extinguisher type segment accounted for the largest market revenue share in 2023 and is likely to grow at a higher rate over the forecast period, as it can extinguish class A, B, and C fires. Further, rising product awareness among the users is driving the growth of segment.
• Industrial segment accounted for highest market revenue share in 2023 for the global fire suppression system market, as with a growing economy & increasing foreign direct investments in emerging countries the industrial expansion is likely to boost in the region. Hence, growth in the industrial sector is propelling the demand for fire suspension systems in the industrial segment.
• The residential segment is likely to grow at a significant pace over the forecast period, due to rising population, fire safety awareness, and construction of households in the globe.
• North America dominated the market and accounted for 36.7% market share in 2023, owing to the implementation of national, state, and local codes in the region to effectively detect fire in early stages and curative measures to suppress fire in the initial phase.
• The Asia Pacific market is likely to grow at a significant CAGR over the forecast period, due to significant growth in offshore development investments. Besides, growing industrialization in emerging countries like China and India is developing the regional market.
• In October 2023, Siemens AG launched its new digital service portfolio for fire safety named New Fire Safety Digital Services. The digital and managed services connected fire safety systems to the cloud. The digital services can be used in event handling, operation, and maintenance. Customers will be able to identify risks and take preventative measures, as well as make better risk control decisions, secure their businesses, and provide a safe environment for people and assets as a result. To make sure all fire detectors are operating properly, the Fire Safety Digital Services is designed to continuously check detector soiling levels.

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Fire Suppression System Market Segmentation

Grand View Research has segmented the fire suppression system market on the basis of product, application, and region:

Product Outlook (Revenue, USD Billion; 2018 - 2030)

• Fire Extinguishers
  • Gas
  • Water
  • Dry Chemical Powder
  • Others
• Sprinklers

Application Outlook (Revenue, USD Billion; 2018 - 2030)

• Commercial
• Industrial
• Residential

Region Outlook (Revenue, USD Billion; 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK.
  • Germany
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players in Fire Suppression System Market

• Fike Corporation
• Minimax USA LLC
• GENTEX Corporation
• Halma Plc
• HOCHIKI America Corporation
• Honeywell International Inc.
• Johnson Controls
• Robert Bosch GmbH
• Siemens AG
• Raytheon Technologies Corporation

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Automated Liquid Handling Technologies Market Size, Share, Trends, Analysis And Growth Forecast To 2030: Grand View Research Inc.

 Automated Liquid Handling Technologies Market Growth & Trends

The global automated liquid handling technologies market size was estimated at USD 4.20 billion in 2030 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2030. Automated liquid handling technology has changed wet lab research handling by allowing substantial restructuring of the manufacturing and research facilities of the pharma and biotech companies. There is increasing acceptance of liquid handling robots to restore the conventionally reserved wet lab bench work areas. This factor is expected to drive the market.

The key aspects of maintaining the overall productivity of these companies are the efficient and accurate handling of the liquid samples. This makes biopharma companies and research laboratories rely greatly on robotics and automation. Usage of preprogrammed and customizable procedures reduces the need for management as it allows scientists to invest additional time in the analysis of data. Moreover, the buyers have a choice to select from various liquid handling technologies such as positive displacement, air displacement dispensing, acoustic, and piezoelectric. This choice to pick from a variety of automated liquid handlers impacts the power of the buyer. Significant market players are involved in manufacturing low-volume liquid handling systems owing to the increasing adoption of microplates and microfluidics in lab processing.

The COVID-19 pandemic has augmented the industry growth significantly as the demand for ALHsystem has increased with an upsurge in the need to process the specimens quicker in the laboratory for COVID-19 virus research with the examination of virus genetic makeup and study of COVID-19 virus genetic mutations. Thus, the pandemic has positively impacted the market. Moreover, new product launches accelerated the growth of the market during the pandemic. For instance, in April 2022, Novacyt introduced a novel ALH system to meet the increasing requirement for no manual pipetting in COVID-19 Polymerase Chain Reaction testing. Furthermore, in March 2020, Hamilton Company announced numerous automation-related initiatives to help healthcare researchers and workers during the coronavirus pandemic. The company launched two innovative automated assay-ready workstations, established on the company’s liquid handling workstation (Microlab STARlet), which enables rapid, research-based testing of SARS-CoV-2 and high-throughput diagnostic.

In addition, effective miniaturization of the assay platforms reduces workflow expenditure, thereby decreasing the usage of expensive reagents. Miniaturized platforms are developed for highly précised liquid handling for different processes such as plate washing, bulk dispensing, and liquid transfer. Small benchtop workstations are marketed by Hamilton Company, PerkinElmer, Beckman Coulter, and LABCYTE INC.

Demand for effective miniaturization is another major factor driving the market. The cost of testing is a main worldwide issue. Countries want to increase the speed of testing but are barred by cost and testing capacity, particularly in the developing regions. Miniaturization of the test protocol has achieved a huge reduction in cost while sustaining reliability and throughput. Automated liquid handling provides scientists with a new layer of opportunity, which cannot be accomplished by manual pipetting alone. Additionally, miniaturization is seen as a keystone in advancing biological research. In the last 20 years, technology has inclined to miniaturization to boost the throughput (microarray and DNA/protein on chip technology) and manufacture accurate assays to characterize molecules and cells in drug discovery and research.

ALH systems are space-consuming, complicated, and expensive and leave many scientists unable or unwilling to maximize the capability of their work. All these issues restrain the growth of the market. However, to overcome these problems, researchers from the Vanderbilt Center for Bone Biology developed OTTO. This open-source automated liquid handler is low-priced as compared to other available products in the market. As these researchers reported, this platform can be fabricated at the cost of $1,500 using off-the-shelf and 3D-printable parts as a substitute for commercial devices.

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Automated Liquid Handling Technologies Market Report Highlights

• By product, the automated liquid handling workstations segment held the largest share in 2022. The growing competition among the pharmaceutical companies and their pursuit of new drugs to treat diseases effectively drive the adoption of automated workstations
• Multipurpose workstations are projected to witness the fastest growth during the forecast period due to their rapid adoption by the pharma and biopharma CROs. These workstations enable microplate washing, multichannel pipetting, and bulk reagent dispensing within a single unit
• By application, the drug discovery and ADME-Tox research segment dominated the market in 2022. Various applications in drug discovery and ADME Tox include stepwise serial dilution over a wide concentration range, selection and transfer of compounds for the retest, and confirmatory and further analysis
• Cancer and genomic research is expected to witness the fastest growth during the forecast period owing to the ability of these workstations to handle multiple samples of microliter to picoliter volume
• Workflow complexity and the need for the fastest target screening resulted in the increase in the installation of automated workstations by the pharmaceutical and biotechnology companies
• North America dominated the market in 2022 owing to the rapid adoption of advanced platforms, the high cost of hiring skilled professionals, and the presence of key players
• Asia Pacific is expected to expand at the fastest CAGR during the forecast period owing to the rapid progress of the pharma and biopharmaceutical companies in the region
• High economic developments in APAC countries are anticipated to increase investments in the life science, medicine, and pharmaceutical sectors. Progress in these sectors is expected to fuel the demand for automated workstations, especially those based on microfluidics

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Automated Liquid Handling Technologies Market Segmentation

Grand View Research has segmented the global automated liquid handling technologies market report based on product, application, end-user, and region:

Automated Liquid Handling Technologies Product Outlook (Revenue, USD Million, 2018 - 2030)

• Automated Liquid Handling Workstations
  • By Assembly
    • Standalone Workstations
    • Integrated Workstations
  • By Type
    • Multipurpose Workstation
    • Pipetting Workstation
    • Specialized Liquid Handler
    • Workstation Module
  • Reagents & Consumables
    • Reagents
    • Accessories

Automated Liquid Handling Technologies Application Outlook (Revenue, USD Million, 2018 - 2030)

• Drug Discovery & ADME-Tox Research
• Cancer & Genomic Research
• Bioprocessing/Biotechnology
• Others

Automated Liquid Handling Technologies End-User Outlook (Revenue, USD Million, 2018 - 2030)

• Academic & Research Institutes
• Pharmaceutical & Biotechnology Companies
• Contract Research Organizations

Automated Liquid Handling Technologies Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • UK.
  • Germany
  • France
  • Italy
  • Spain
  • Denmark
  • Sweden
  • Norway
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Kuwait

List of Key Players in Automated Liquid Handling Technologies Market

• Thermo Fisher Scientific, Inc.
• Agilent Technologies, Inc.
• Aurora Biomed, Inc.
• AUTOGEN, INC.
• Danaher
• BioTek Instruments, Inc.
• Analytik Jena AG
• Corning Incorporated
• Eppendorf AG
• Formulatrix, Inc.
• Gilson, Inc.
• Hamilton Company
• Hudson Robotics
• LABCYTE INC.
• Lonza
• PerkinElmer, Inc.
• QIAGEN
• Tecan Trading AG
• METTLER TOLEDO

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Veterinary Excipients Market Size Projected to Rise Lucratively during 2024 to 2030: Grand View Research Inc.

 Veterinary Excipients Market Growth & Trends

The global veterinary excipients market size is expected to reach USD 1.49 billion by 2030, registering a CAGR of 4.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is driven by increasing complexity of formulations, sourcing of ingredients from third-party manufacturers, growing importance of animal health, and initiatives by the key companies.There has been a growing demand for excipients tailored to specific formulations and drug delivery systems in the veterinary sector. This includes formulations or dosage differing for different animal species thus needing specialized formulations. This is also expected to support the market growth.

The market’s growth was notably impeded by a slowdown in growth rate due to supply chain hurdles and limited access to veterinary care. It was further impacted by the macroeconomic headwinds of 2022. Croda International Plc, for example, reported an increase of about 23% for its raw material costs in 2022. The company also reported increase in operating costs such as energy and labor. However, as the underlying drivers such as advancements in veterinary medicine and its demand remain unchanged, the market is expected to grow significantly over the forecast period.

Technological advancements enabling the development of more sophisticated excipients with enhanced functionalities. For instance, excipients that improve the bioavailability of drugs or facilitate controlled-release formulations. There has also been an increasing preference for natural and organic excipients in veterinary medicine. Also, with the rise of biopharmaceuticals in both human and veterinary medicine, there is a growing need for excipients suitable for these complex formulations. This includes excipients that can stabilize and enhance the delivery of biologically derived drugs. All of these factors support market growth.

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Veterinary Excipients Market Report Highlights

• Based on chemical group, the polymers segment dominated the market with a revenue share of about 45% in 2023. The lipids segment is anticipated to grow at the fastest CAGR of 5.6% from 2024 to 2030
• Based on animal type, the production animals segment held the highest revenue share in 2023. The companion animals segment is expected to register the fastest CAGR from 2024 to 2030
• Based on application, the pharmaceuticals segment accounted for the highest revenue share in 2023. The biologics segment is projected to grow at the fastest CAGR over the forecast period
• Based on function, the solubilizers/ solvents segment held the highest revenue share in 2023. The others segment, comprising disintegrants, humectants, wetting agents, lubricants/ glidants, flavoring agents & sweeteners, is estimated to grow at the fastest CAGR in the forthcoming years
• North America held the largest revenue share of about 33% in 2023. Asia Pacific, on the other hand, is anticipated to grow at the fastest CAGR of about 5% from 2024 to 2030
• Globalization has led to more complex and extended supply chains in the veterinary pharmaceutical industry. Excipient manufacturers are increasingly adapting to these changes by optimizing their supply chains, ensuring a reliable and efficient flow of materials to meet the demands of diverse markets. This is expected to propel the market growth

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Veterinary Excipients Market Segmentation

Grand View Research has segmented the global veterinary excipients market based on application, animal type, chemical group, function and region:

Veterinary Excipients Application Outlook (Revenue, USD Million, 2018 - 2030)

• Biologics
• Pharmaceuticals
• Medicated Feed Additives

Veterinary Excipients Chemical Group Outlook (Revenue, USD Million, 2018 - 2030)

• Polymers
• Alcohols
• Lipids
• Mineral Salts
• Others

Veterinary Excipients Animal Type Outlook (Revenue, USD Million, 2018 - 2030)

• Production Animals
• Companion Animals

Veterinary Excipients Function Outlook (Revenue, USD Million, 2018 - 2030)

• Solubilizers/ Solvents
• Binders
• Stabilizers
• Coating
• Diluents & Fillers 
• Others

Veterinary Excipients Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Denmark
  • Norway
  • Sweden
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Thailand
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • Kuwait
  • UAE
  • Rest of MEA

List of Key Players in the Veterinary Excipients Market

• Croda International Plc
• JRS PHARMA GmbH & Co. KG
• Colorcon
• Quality Chemicals S.L
• IOI Oleo GmbH
• Lipoid GmbH
• Gattefossé Group
• Azelis Group
• Ashland Inc.
• Spectrum Chemical Mfg. Corp

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Oleoresin Market to Penetrate Untapped Regions During 2024 to 2030: Grand View Research Inc.

 Oleoresin Market Growth & Trends

The global oleoresin market size is anticipated to reach USD 2.83 billion by 2030 and is anticipated to expand at a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. This growth is attributed to the growing use of spice oleoresins for coloring and flavoring and is projected to drive the market growth.

Oleoresins, derived from specific spices like turmeric and paprika, are highly valued not only for flavor-enhancing properties but also for vibrant coloring attributes. These products find extensive applications in salad dressings and as coloring agents in pickled products. Oleoresins are particularly suitable for high-temperature food processing methods such as baking and frying. Furthermore, their solubility characteristics make them widely used additives in the food industry.

Moreover, the flavor of the product may not be equivalent to their corresponding essential oils. Although, the product is thick, viscous, and contains concentrations of colored pigments, it generally imparts less color to finished products as compared to the corresponding spices as they are used in lesser quantity in varied applications.

Furthermore, growing confectionery & baked food products demand in developed as well as developing regions is presumed to aid the growth in the near future. Changing dietary trends and food consumption patterns are expected to aid the confectionery & baked food along with beverages demand. In addition, growing demand among consumers for packaged spices and spice mixes in food applications has also assisted the market over the forecast period.

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Oleoresin Market Report Highlights

• The black pepper segment dominated the market with more than 25.46% share in 2023. It is widely utilized in food products owing to its pungent taste and spicy aromatic properties
• The food application segment is anticipated to grow at the fastest CAGR over the forecast period. This is attributed to the wideutilization of oleoresins in the food industry, particularly in various applications such as marinades, meat preparations, gourmet foods, and convenience food products
• Europe dominated the global market owing to the fact that various end-use industries in Europe, such as personal care & cosmetics, perfumery, and pharmaceuticals, extensively incorporate it into their products. Increasing demand for oleoresins has also resulted in their higher import rate
• In May 2023, Mane Rancor, a subsidiary of the French MANE Group launched its largest manufacturing facility in Byadgi, Karnataka, India. This facility is known for having the largest chili market in the state.The facility spread across 50 acres, represents a significant investment of over 220.54 million by the MANE Group

Access Press Release@ https://www.grandviewresearch.com/press-release/global-oleoresin-market

Oleoresin Market Segmentation

Grand View Research has segmented the global oleoresin market based on product, application, and region:

Oleoresin Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Paprika
• Black Pepper
• Capsicum
• Turmeric
• Ginger
• Garlic
• Onion
• Seed Spice
• Herbs
• Others

Oleoresin Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• Food
• Beverages
• Fragrances
• Pharmaceutical
• Nutraceutical
• Others

Oleoresin Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Spain
  • France
  • Germany
  • Belgium
  • Austria
  • Italy
  • Netherlands
  • Switzerland
• Asia Pacific
  • China
  • India
  • Japan
  • Vietnam
  • Indonesia
  • Sri Lanka
  • Oceania
  • Thailand
  • Malaysia
  • Bangladesh
  • Hong Kong
  • South Korea
  • Taiwan
  • Singapore
  • Australia
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • North Africa

List of Key Players of Oleoresin Market

• Chenguang Biotech Group Co. Ltd.
• Kancor Ingredients Ltd.
• Kalsec Inc.
• Universal Oleoresins
• Givaudan
• Akay Group Ltd.
• Synthite Industries Ltd.
• AVT
• Indo - World
• Paprika Oleo's India Limited
• Paras Perfumers
• Manohar Botanical Extracts Pvt. Ltd.
• Naturite Agro Products Ltd
• MRT GREEN PRODUCTS
• All-Season Herbs
• TMV Aroma
• Plant Lipids
• Ozone Naturals

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Soybean Market Size Is Predicted To Reach A Valuation Of $258.12 Billion By 2030: Grand View Research Inc.

 Soybean Market Growth & Trends

The global soybean market size is expected to reach USD 258.12 billion by 2030 and expand at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for soybean byproducts like soybean meal and oil cakes has increased over the past few years. The high nutritional value of the products has enhanced their popularity among consumers, increasing the market. The increased disposable income of consumers in developed countries and the improved soybean productivity contributed to the demand for soybean byproducts in these countries.

Plant-based protein such as soybean is likely to be in high demand globally as several people are steadily moving toward a vegan lifestyle. In addition to that, the world is becoming healthier and fitter, necessitating higher protein content on our plates. Soybean is a source of protein that also has a lot of health benefits. It aids in our digestive health maintenance and can be molded into various shapes in daily dishes. Soy consumption daily is good for hair and skin health. Soybean is high in amino acids and is especially advantageous to people who have lactose intolerance. These factors are likely to propel the growth of the market shortly.

Soybean is considered a near-perfect dairy substitute. It has become increasingly popular amongst lactose-intolerant people. Soy curd, tempeh, tofu, and soy milk are just a few of the products available in the global market for soybean. These products can fully substitute milk and its various products in day-to-day life. As a result, soybean dairy-like products are likely to disrupt the market and determine its course of direction soon.

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Soybean Market Report Highlights

• GMO soybeans are engineered to resist pests and diseases, leading to higher crop yields. It appeals farmers as it allows them to produce more soybeans per acre, increasing their profitability
• The raw form is expected to grow at the fastest CAGR from 2024 to 2030. Raw soybeans are rich in essential nutrients, including protein, dietary fiber, vitamins, and minerals. They are considered a healthy food option and are included in diets for their potential benefits, such as heart health, weight management, and cholesterol control
• Asia Pacific is expected to grow at the fastest CAGR from 2024 to 2030. Asia Pacific is home to a significant portion of the world's population, and many countries in this region are experiencing rapid economic growth. As incomes rise, so does the demand for protein-rich foods, including soybean-based products. This growing middle-class population with higher purchasing power is a crucial driver of increased soybean consumption

Access Press Release@ https://www.grandviewresearch.com/press-release/global-soybean-market

Soybean Market Segmentation

Grand View Research has segmented the global soybean market based on nature, form, end-use, and region.

Soybean Nature Outlook (Revenue, USD Billion, 2018 - 2030)

• GMO
• Non-GMO

Soybean Form Outlook (Revenue, USD Billion, 2018 - 2030)

• Raw
• Processed

Soybean End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Food & Beverages
• Animal Feed
• Industrial Use
• Others

Soybean Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Indonesia
  • Australia & New Zealand
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players in the Soybean Market

• Clarkson Grain Company
• Willmar International Limited
• SLC Agrícola
• Glencore
• ADM
• The Scoular Company
• Cargill, Incorporated
• Bunge Limited
• Louis Dreyfus Company
• Kohinoor Feeds & Fats Pvt. Ltd.
• Ag Processing, Inc.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Carob Powder Market To Hold a High Potential for Growth by 2030: Grand View Research Inc.

 Carob Powder Market Growth & Trends

The global carob powder market size was estimated to reach USD 75.10 million in 2030 and is anticipated to expand at a CAGR of 4.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing demand for healthier food options as a result of rising health and wellness awareness. As carob powder is naturally sweet, low in fat, and free of caffeine, it is frequently seen as a healthier alternative to cocoa powder. Additionally, it is fiber-rich and gluten-free. Carob powder is also used in the bakery, confectionery, and pet food industries because of its naturally sweet flavor and high dietary fiber content. Such factors are driving the global market.

The natural segment dominated the market by holding the major share in 2023. The widespread use, popularity, and accessibility of natural carob powder, specifically used as a key ingredient in chocolate. Furthermore, natural carob powder is inexpensive and accessible, which is a key component driving the industry. Additionally, the preference of consumers for plant-based or vegan food ingredients has boosted the demand for carob powder. As a natural substitute for cocoa powder, carob powder is made from the carob tree. Such factors are driving the growth of the segment.

The B2B segment held the larger market size in 2023. The rising use of carob powder in confectionery and pastry goods as well as sauces, spreads, drinks, and other products is contributing to the growth of the segment. The development of premium artisanal products and nutritious baked goods has increased spending among industry participants over the past several years, leading to a rise in the worldwide bakery market. Therefore, it is anticipated that carob powder will be useful as a functional component in the creation of these baked items.

Europe accounted for a significant share of the market in 2023. One of the world's biggest consumers of baked goods and chocolate is Europe. Additionally, customers are gravitating more and more towards plant-based or plant-derived products owing to the increasing vegan population. Eventually, this will increase the demand for carob powder in Europe. Moreover, With the growing popularity of vegan and plant-based diets in Europe, carob powder has gained attention as a suitable ingredient.

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Carob Powder Market Report Highlights

• Asia Pacific is expected to grow with the fastest CAGR over the forecast period from 2024 to 2030. The rising prevalence of diabetes in nations like India and China is predicted to change consumer preferences towards sugar-free options, which would boost the appeal of carob powder.
• The organic segment is estimated to grow with a higher CAGR over the forecast period. The demand for organic goods, including carob powder, has increased as consumers’ awareness of health and wellness has increased thus driving the demand for organic carob powder.
• The B2C segment is anticipated to grow with a faster CAGR over the forecast period. The increasing trend of at-home baking among consumers to gain maximum nutritional benefits is resulting in increased use of carob powder thus driving the market growth.

Access Press Release@ https://www.grandviewresearch.com/press-release/global-carob-powder-market

Carob Powder Market Segmentation

Grand View Research has segmented the carob powder market on the basis of product, application, and region:

Carob Powder Product Outlook (Revenue, USD Thousand, 2018 - 2030)

• Natural
• Organic

Carob Powder Application Outlook (Revenue, USD Thousand, 2018 - 2030)

• B2B
  • Bakery
  • Confectionary
  • Others
• B2C

Carob Powder Regional Outlook (Revenue, USD Thousand, 2018 - 2030)

• North America
  • US.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia & New Zealand
• Central & South America
  • Brazil
• Middle East & Africa
  • South Africa

List of Key Players in Carob Powder Market

• THE AUSTRALIAN CAROB CO.
• The Carob Kitchen
• Frontier Co-op.
• Chatfield’s
• OliveNation
• NOW Foods
• Ingredients UK
• Jedwards International, Inc.
• Eurl Ouasdi International
• Healthworks

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Employee Benefit Broker Market Soaring Demand Assures Motivated Revenue Share By 2030

 Employee Benefit Broker Market Growth & Trends

The global employee benefit broker market size is anticipated to reach USD 61.37 billion by 2030 and is anticipated to expand at a CAGR of 5.5% during the forecast period, according to a new report by Grand View Research, Inc. The growth of the employee benefits broker market can be attributed to grabbing the top talents in the industry. The perfect employee benefits package can help employers attract and retain their employees. Furthermore, these benefits make an employer stand out from the competition and eventually drive overall business growth.

The market growth is propelled by continuous technological advancements, particularly in the IT industry. Furthermore, the development of employee benefits platforms enabling employees to better communicate with HR professionals is driving the market’s growth. In addition, the remote work culture and increased focus on work-life balance are anticipated to drive the market’s growth.

The global pandemic had a slight positive impact on the growth of the market. As employers navigate the challenges of the pandemic and beyond, the market continues to grow, reflecting the commitment of organizations to support their employees in an ever-changing work landscape. Furthermore, employers, understanding the profound impact of the pandemic on their workforce, have adapted their benefit packages to accommodate the evolving needs of employees.

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Employee Benefit Broker Market Report Highlights

• The healthcare insurancesegment dominated the market in 2023. The segment's growth can be attributed to the increasing demand for healthcare insurance post the COVID-19 pandemic globally
• The IT & telecom segment dominated the market in 2023. IT professionals across the globe are well-paid and expect their employers to provide perks and employee benefits
• The North American region dominated the market in 2023. The presence of prominent market players and the rising demand for employee benefits by employees across the region is anticipated to fuel regional growth
• The rising launches of various programs and products related to employee benefits are anticipated to fuel the growth of the market. For instance, in July 2023, City of San Diego's introduced an employee benefit program to help with childcare costs. This program was aimed at supporting the City of San Diego's workforce with a childcare benefit program

Access Press Release@ https://www.grandviewresearch.com/press-release/global-employee-benefit-broker-market

Employee Benefit Broker Market Segmentation

Grand View Research has segmented the global employee benefit broker market based on benefit type, application, and region:

Employee Benefit Broker Type Outlook (Revenue, USD Million, 2017 - 2030)

• Healthcare Insurance
• Retirement Savings Plan
• International Benefits
• Others

Employee Benefit Broker Application Outlook (Revenue, USD Million, 2017 - 2030)

• Healthcare
• IT & Telecom
• Manufacturing
• Retail
• Others

Employee Benefit Broker Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • US.
  • Canada
• Europe
  • Germany
  • UK.
  • France
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • The Kingdom of Saudi Arabia (KSA)
  • UAE
  • South Africa

List of Key Players in the Employee Benefit Broker Market

• AON
• Marsh & McLennan
• Willis Towers Watson
• Arthur J. Gallagher
• NFP
• Hub International
• USI
• Lockton
• Brown & Brown
• OneDigital Health and Benefits

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.