Machine Vision Market Overview, Trends, Competitive Landscape, Growth Outlook And Forecast till 2025

October 21, 2021: The global Machine Vision Market size is expected to value at USD 19.22 billion by 2025. The machine vision industry is subject to witness a substantial growth due to the growing demand for quality inspection and automation across various industrial segment. Furthermore, increasing demand for the vision-guided robotic systems across automobile, electronic, packaging, food & beverage, pharmaceutical, chemical industries is anticipated to boost the market growth over the forecast period. Globally, the machine vision market is predicted to grow at CAGR of 8.5% in the forecast period, providing numerous opportunities for market players to invest in research and development in the machine vision industry.

Rising popularity of application-oriented machine vision systems in automotive sector is expected to foster market demand for machine vision systems in upcoming years. Machine vision system is capable of understanding, inspecting, and responding with the help of multiple video cameras that are employed on the site. Machine vision uses digital signal processing and analog to digital conversion to achieve desired output. The captured data is sent to the main processing unit that coverts raw information into the desired output. Resolution and sensitivity is considered vital that is responsible for precise results. Higher resolution helps in identifying two distinctive objects, while superior sensitivity allows a machine to detect an object or a weak signal.

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Machine vision are extremely influential in managing work environments. Machine vision contains features like process control, automated guidance system, and automated inspection that are vital in number of industrial applications. Increasing complexities involved with production activities on day-to-day basis, leading to human errors and fallibility to identify, monitor, and inspect faults during various manufacturing activities.

The recent technological advancement and development in the machine vision is estimated to amplify its demand in various industrial operations in years to come. Machine vision systems are increasingly substituting manual inspection and measurement techniques, thus providing a required efficiency and reliability during inspection and measurement processes. Machine vision systems constitutes intelligent cameras and image processing to carry out automated inspection and implement process control.

Robust growth in automotive industry in both developed and developing economies are enlarging the market demand for machine vision systems in near future. Additionally, increasing focus towards developments of advanced quality control techniques attributed to increasing demand from consumers and manufacturers are driving the market growth, in recent years. Rise in the laws and regulation by regional governments directed towards prescribed standards are expected to boost the market growth.

Increasing application of machine vision systems in food & beverages industry, packaging, and pharmaceutical sector are some of the key factors positively affecting market growth over the forecast period. Growing popularity of machine vision systems in food & beverages industry and packaging sector is credited to enhanced detection of objects, better analysis, monitoring tolerance, and precision during component measurement.

Machine vision systems are capable of performing both industrial and non-industrial applications with a mixture of hardware and software techniques thus offering functional guidance to devices for the execution of their functions such as the capture and processing of digital data and images. Machine vision systems encompasses cost-effective salutations with high-degree of precision, improved robustness, high reliability, and high mechanical, and temperature stability.

The machine vision market is divided by region such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the adoption of latest technologies and existence of global manufacturing hub. Asia-Pacific region is predicted to hold major market share in the machine vision industry with massive growth in forecast period.

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Countries such as South Korea, India, Taiwan, and Singapore are leading the Asia-Pacific market with increasing research & development activities, number of initiatives undertaken by local governments, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the machine vision market are Basler AG, Cognex Co., Keyence Co., Microscan Systems Incorporations, National Instruments Co., and OMRON Co.

Market Segment:

Machine Vision Offering Outlook (Revenue, USD Million; 2014 - 2025)

    • Hardware

    • Software

Machine Vision Product Outlook (Revenue, USD Million; 2014 - 2025)

    • PC Based

    • Smart Camera Based

Machine Vision Application Outlook (Revenue, USD Million; 2014 - 2025)

    • Quality Assurance and Inspection

    • Positioning and Guidance

    • Measurement

    • Identification

Machine Vision Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • China

        • Japan

        • India

    • South America

        • Brazil

    • Middle East & Africa

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Isobutanol Market Key Insights, Opportunity, Analysis, Competitive Landscape, Challenges And Forecast till 2022

October 21, 2021: Global Isobutanol Market is expected to reach USD 1.18 billion by 2022. Isobutanol is also termed, as isobutyl alcohol, 2-Methylpropan-1-ol, or 2-Methyl-1-propanol is an organic compound with the molecular formula (CH3) 2CHCH2OH and molecular weight 74.123 g/mol. it is a colorless aliphatic alcohol and is a flammable liquid. It is exclusively used as a solvent in chemical reactions and as a starting material for organic synthesis. It is mainly found as a volatile constituent of urine and rises from gut microbial metabolism.

The Isobutanol Market is estimated to grow at a significant CAGR of 6.0% over the forecast period as the scope and its applications are rising enormously across the globe. Rising demand amongst end users like chemical and oil & gas and its properties like limited miscibility and medium volatility are documented as major factors of Isobutanol Market that are estimated to enhance the growth in the years to come. However, fluctuations in pricing and supply of crude oil may restrain overall market growth in the coming years. Isobutanol industry is segmented based on type, end user, and region.

Bio-based isobutanol and synthetic isobutanol are the types that could be explored in Isobutanol Market in the forecast period. Synthetic isobutanol sector accounted for the substantial market share of Isobutanol in terms of volume and is estimated to lead the overall market in the coming years. This may be because of high demand from developing countries like China and India. Also, bio-based isobutanol is estimated to grow at fastest pace in the coming years.

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The market may be categorized based on end users like textiles, paints & coatings, chemicals, oil & gas, pharmaceuticals, and others that may be explored in the forecast period. Paints & coatings sector comprise wood coatings, automotive, and others. Chemicals sector accounted for the significant market share of Isobutanol and is estimated to lead the overall market in the coming years. This may be because of high demand from construction and automotive industries. Also, oil & gas sector is estimated to grow at fastest pace in the coming years.

Globally, Asia Pacific accounted for the substantial market share of Isobutanol and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be growing several industries like construction, oil & gas, and petrochemicals in developing countries. Instead, Europe and North America are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost period.

The key players of Isobutanol industry are Perstorp Holding AB and Sasol Ltd., BASF, Mitsubishi Chemical Corporation, The Dow Chemical Company, Oxea GmbH, Eastman Chemical Company, Formosa Plastics Corp., Toray, and Fitesa. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Market Segment:

Isobutanol Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

    • Synthetic Isobutanol

    • Bio based Isobutanol

    • Others

Isobutanol Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

    • Oil & Gas

    • Solvents & Coatings

    • Chemical Intermediate

    • Others

Isobutanol Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • France

    • Asia Pacific

        • China

        • India

        • Central & South America

    • Middle East & Africa

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Respiratory Protective Equipment (RPE) Market Segmentation, Statistical Forecast and Competitive Analysis Report till 2022

October 19, 2021: Global Respiratory Protective Equipment (RPE) Market is expected to reach USD 8.53 billion by 2022. Respiratory Protective Equipment (RPE) is a specific type of Personal Protective Equipment (PPE), mainly used to guard the individual wearer against the breath of dangerous constituents in the office air. Breathing apparatus and respirator are the two major types of RPE. It is used only when there is satisfactory control of exposure cannot be accomplished. The Respiratory Protective Equipment Market is estimated to grow at a significant CAGR of 7.5% over the forecast period as the scope and its applications are rising enormously across the globe.

Respiratory Protective Equipment (RPE) Market is segmented based on product type, end user, and region. Supplied air respirators and air-purifying respirators (APR) are the product types that could be explored in Respiratory Protective Equipment (RPE) in the forecast period. Air-purifying respirators sector comprise escape respirators, unpowered, and powered (PAPR). On the other hand, supplied air respirators include airline respirators, self-contained breathing apparatus (SCBA), and full-face mask.

Air-purifying respirators (APR) sector accounted for the substantial market share of Respiratory Protective Equipment (RPE) in terms of revenue and is estimated to lead the overall market in the coming years. this may be because of high demand in oil & gas, mining, and petrochemical sector.

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The market may be categorized based on end users like mining, oil & gas, healthcare, fire services, construction, petrochemical/chemical, pharmaceutical, industrial, and others that could be explored in Respiratory Protective Equipment (RPE) in the forecast period. Industrial sector accounted for the substantial market share of Respiratory Protective Equipment (RPE) and is estimated to continue its dominance in the coming years. This may be because of increasing metal fabrication and automotive industries in the developing countries like Brazil, China, and India. Also, oil & gas sector is estimated to grow at fastest pace with highest CAGR in the coming years.

Globally, North America accounted for the substantial market share of Respiratory Protective Equipment (RPE) and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be increasing awareness towards personal safety. The United States is a major consumer of Respiratory Protective Equipment (RPE) in the region.

Instead, Europe and the Asia Pacific are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, Asia Pacific is estimated to grow at fastest pace with the highest CAGR in the foremost period. The developing countries like India and China are the major consumers of Respiratory Protective Equipment (RPE) in this region.

The key players of Respiratory Protective Equipment (RPE) Market are Kimberley-Clark, Delta Plus, Ansell Ltd., 3M Co., MSA Safety, Bulwark Protective Apparel Uvex Safety Group, Alpha Pro Tech, and DuPont. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.

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Market Segment:

Global Respiratory Protective Equipment (RPE) Product Outlook (Revenue, USD Million, 2012 - 2022)

    • Air-purifying respirators (APR)

        • Unpowered

            • Disposable filtering half mask

            • Half mask

            • Full face mask

        • Powered (PAPR)

            • Half mask

            • Full face mask

            • Helmets, hoods, visors

        • Escape respirators

    • Supplied air respirators

        • Self contained breathing apparatus (SCBA)

        • Full-face mask

        • Airline respirators

Global Respiratory Protective Equipment (RPE) End-Use Outlook (Revenue, USD Million, 2012 - 2022)

    • Oil & gas

    • Fire services

    • Petrochemical/chemical

    • Industrial

    • Pharmaceutical

    • Construction

    • Healthcare

    • Mining

    • Others

Global Respiratory Protective Equipment (RPE) Regional Outlook (Revenue, USD Million, 2012 - 2022)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • UK

        • France

        • Russia

    • Asia Pacific

        • China

        • India

        • Japan

    • Central & South America

        • Brazil

    • Middle East & Africa

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Organic Skin Care Market Opportunities, Challenges, Strategies And Forecast Analysis Report till 2022

October 19, 2021: Global Organic Skin Care Market is estimated to reach USD 12.58 billion by 2022 owing to the growing demand for organic cosmetics worldwide. Organic skin care products are made from plant-derived and naturally occurring ingredients, which are cultivated with no pesticides, synthetic fertilizers, herbicides, genetically modified fertilizers (GMO), etc. under organic certification.

Organic skin care products offer benefits like reduced risk of skin irritation and allergies due to zero percent chemicals inclusion. The environment-friendly products contain organic essential oils, vegetable oils, essential fatty acids, and vitamins. They come with various labels that display the quantity of organic ingredients used in them. Consumer inclination towards organic skin care products contributes to a positive CAGR in the forecast period.

The major factors driving organic skin care industry is inclusive of rise in consumer awareness about organic products, increase in disposable income, growing e-commerce industry and expansion of distribution channels. Men and women prefer cosmetics and personal care across the globe. Extreme climate conditions have surged the adoption of skin care products like sunscreen, moisturizing creams and lotions. Additionally, the growing trend for using sun care and skin care products by men have increased the demand for sun and skin care category.

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From among all the categories, hair care segment offers the most lucrative offers for both men and women. Owing to the increased number of working women, the sale of color cosmetics is also considerably increasing over the years. The growing skin health awareness among consumers is expected to eventually contribute to the growth of organic skin care market.

The rise in informed consumer ultimately accelerates the growth of organic skin care products. The key reason behind the growth of informed consumers is the exposure to reliable information and rising awareness of products and services via television, internet, and other sources of information. This trend is prevalent even in emerging nations like China and India. The top organic skin care industry players are adopting different strategies to sustain market positions.

The primary strategy adopted by the players is expansion followed by acquisition. The significant costs associated with organic skin care products and short shelf life are the restraining factors for the growth of the market. Progress in organic skin care products and improved standards of living are predicted to introduce new market opportunities. However, the prevalence of advanced beauty treatments and skin problems concerning organic cosmetics are projected to challenge the organic skin care market growth in future.

The market is categorized on the basis of type, gender, point of sale and geography. On the basis of type, the market is divided into facial care, make-up, hair care, and body care. Facial care segment is expected to be on rise in future as well owing to the growing skin conditions. Based on gender, organic skin care industry is divided into men and women. In terms of point of sale, the market is classified into exclusive retail stores, supermarkets & hypermarkets, online channels, beauty parlors & salons, and multi branded retail outlets.

Geographically, organic skin care market is segmented as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is predicted to dominate the market owing to the increase in demand for clean label products, rising consumer awareness about skin health, rising middle class income, improved standard of living in developing regions.

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The prominent players in organic skin care industry comprise L'Oreal, Procter and Gamble, Avon Products Inc., The Estee Lauder Companies Inc., The Body Shop International PLC., Jergens, Johnson & Johnson, Kao Corporation, and Private Label.

Market Segment:

Organic Skin Care Product Outlook (Revenue, USD Million, 2012 - 2022)

    • Face creams

    • Body lotions

Organic Skin Care Regional Outlook (Revenue, USD Million, 2012 - 2022)

    • North America

        • U.S.

    • Europe

        • Germany

        • UK

    • Asia Pacific

        • China

        • India

    • Latin America

        • Brazil

    • MEA

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HIV Diagnostics Market Segmentation, Statistical Forecast and Competitive Analysis Report till 2022

October 19, 2021: HIV Diagnostics Market is anticipated to reach USD 4.48 billion by 2022. The human immunodeficiency virus (HIV) leads to Acquired Immuno Deficiency Syndrome (AIDS). HIV attacks the immune system; thereby making one vulnerable to hoards of diseases. The factors that propel the growth of the HIV Diagnostics industry include growing number of blood transfusions and blood donations, prevalence of HIV/AIDS worldwide, assistance offered by point-of-care instruments & kits, and growing consciousness about HIV/AIDS and rising administration initiatives.

On the other hand, there are factors that may hamper the growth of the market including absence of acceptable testing labs, and restrictions of laboratory-based testing. HIV Diagnostics Market is anticipated to grow at a significant CAGR of 9.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

HIV Diagnostics industry may be explored by Product type, end user, test type, and geography. The market may be explored by product type as Instruments, Software and Services, Consumables, Kits, Assay, and Reagents, and the other Consumables. The “Consumables” segment led the market in 2016 and is anticipated to maintain its dominance by 2025 due to rising occurrence of HIV/AIDS, and growing enterprises from governments to fight HIV/AIDS.

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The HIV Diagnostics Market could be explored based on end users as Hospitals, Diagnostics Laboratories, Home care settings, Blood banks, and Others (Gene bank, cell bank, pharma companies, and Biotechnology). The “Diagnostic Laboratories” segment led the market in 2016 and is anticipated to maintain its dominance by 2022 owing to technological developments of diagnostics laboratories, and high investment, and increasing consciousness of HIV/AIDS.

The market may be analyzed by test type as Tests for Viral Identification, Antibody Test, Viral Load Tests, Tests for Early Infant Diagnosis, and CD4 Tests. The “Antibody Tests” segment led the HIV Diagnostics industry in 2016 and is anticipated to maintain its dominance by 2022. The factors that attribute to the growth of market include consciousness about HIV, growing technological developments in HIV diagnosis.

North America accounted for the major share of the HIV Diagnostics Market Size in 2017 and will continue to lead in the forecast period. The factors that could be attributed to the growth include increasing awareness about HIV, high occurrence and prevalence of HIV/AIDS, and rising administration initiatives and growing blood donations.

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Some of the key players that fuel the growth of the HIV Diagnostics industry comprise Abbott Healthcare, Alere Inc., Brsitol-Myers Squibb, Abbvie Inc., Gilead Sciences, Janssen Therapeutics, Merck & Co. Inc, BD Biosciences, bioMerieux, VIIV Healthcare, Beckman Coulter, Sysmex, Partec, Qiagen, Apogee Flow Systems, Zyomyx Inc., Roche Diagnostics, Mylan Inc., Siemens Healthcare, and PointCare Technologies Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

HIV Diagnostics Product Outlook (Revenue, USD Million, 2012 - 2022)

    • Antibody Tests

        • HIV-1 Screening Tests

            • ELISA/EIA

            • Home Access Dried Blood Spot

            • Rapid Tests (Dot plot, Agglutination Tests)

        • HIV-1 Antibody Confirmatory Tests

            • Western Blot Test

            • Indirect Immunofluorescent Antibody Assay (IFA)

            • Line Immunoassay

            • RadioImmunoPrecipitation Assay (RIPA)

        • HIV-2 & Group O Diagnostic Tests

            • Blood Antibody Tests

            • Dried Blood Spot (DBS) Test

            • Others and (Oral, Urine)

    • Viral Identification Assays

        • P24 Antigen Test

        • Qualitative PCR Tests

        • Viral Culture

    • CD4 Testing

    • Viral Load Testing

    • Early Infant Diagnostics

HIV Diagnostics Regional Outlook (Revenue, USD Million, 2012 - 2022)

    • North America

        • U.S.

            • U.S. HIV Diagnostics Market, by Product

        • Canada

            • Canada HIV Diagnostics Market, by Product

    • Europe

        • Germany

            • Germany HIV Diagnostics Market, by Product

        • UK

            • UK HIV Diagnostics Market, by Product

    • Asia Pacific

        • Japan

            • Japan HIV Diagnostics Market, by Product

        • China

            • China HIV Diagnostics Market, by Product

    • Latin America

        • Brazil

            • Brazil HIV Diagnostics Market, by Product

    • MEA

        • South Africa

            • South Africa HIV Diagnostics Market, by Product

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Decorative Coatings Market Trends, Opportunities, Size, Share, Growth, Analysis and Forecast till 2025

October 18, 2021: The global decorative coatings market size is expected to value at USD 106.97 billion by 2022. The market is subject to witness a substantial growth due to the growing construction activities, rapid urbanization, increasing population and growing infrastructural spending by both developing and developed economies across the globe.

Growing constructional activities for shopping malls and business parks in the developing economies across the Asia Pacific region such as India, China, Malaysia, Thailand and Singapore are expected to drive the growth of the market in the upcoming years. Globally, the decorative coatings market is predicted to grow at CAGR of 6.1% in forecast period, providing numerous opportunities for market players to invest in research and development in the market.

Increasing demand for decorative coating from building & construction industry owing to the benefits associated with its use such as higher durability and attractive appearances of the surfaces are expected to influence market growth over the forecast period. Additionally, decorative coating also provides protection against harsh weather and external environmental factors such as ultra-violet radiation, high temperatures, acid rain and pollution particles. These factors are predicted to boost market demand for decorative coating during the forecast period.

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The recent technological advancement and development of novel products has led to addition of superior properties such as protection from moisture, corrosion resistance, bacteria and heat resistance, thus escalating market progress, in the recent years. Growing need for environmental-friendly alternatives due to stringent laws and regulation by regional governments across the globe are expected to boost the growth of decorative coatings industry over the forecast period. Moreover, recent joint ventures, mergers and partnerships among number of major manufactures and vendors along with local industry players are anticipated to amplify market value in the upcoming years.

Strong economic growth in the developing economies, particularly in the Asia-Pacific region along with recent infrastructure development has led to high-end demand for decorative coatings, thus fostering market growth in the last few years. In addition, stringent environmental laws to regulate volatile organic compounds (VOCs) to improve indoor air quality in North America and European region is estimated to increase adoption of waterborne technology in domestic and commercial buildings over the forecast period.

However, frequent changes in cost of raw materials such as alkyd, epoxy, acrylic, and titanium dioxide is negatively hampering market growth, in the recent years. Additionally, environmental hazards with excessive use of solvent-borne coating is expected to acts as a major challenge for sustained market growth over the next seven years.

The recent technological advancement in decorative coating industry such as Nano-TiO2 photo catalysts, green coatings and adoption of latest technology that limits drying time are estimated to expand market reach in the upcoming years. Furthermore, rising research & development by prominent industry players in the industry are projected to stimulate market growth as well.

Waterborne coatings is considered as one of the fastest growing segment in the decorative coatings market with substantial revenue generation in the last couple of years. Growing popularity of the waterborne coating market segment is attributed to the superior adhesion properties, heat resistance and abrasion properties.

The decorative coatings industry is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in building & construction activities in the region and existence of well-established manufacturing sector. Asia-Pacific region is predicted to hold major market share in the decorative coating market with massive growth in forecast period.

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Countries such as India, China and Singapore are leading the Asia-Pacific market with growing constructional activities, strong economic growth, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the decorative coatings industry are PPG Industries, Inc., Sherwin-Williams Company, Akzo Nobel N.V., Nippon Paint and Valspar Co., Asian Paints Ltd., Berger Paints Ltd., Cabot Co., DAW SE, Jotun A/S, Masco Co., Benjamin Moore & Co., and Axalta Coating Systems Pvt., Ltd.

Market Segment:

Global Decorative Coatings Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

    • Primer

    • Enamel

    • Emulsions

    • Others

Global Decorative Coatings Technology Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

    • Waterborne Coatings

    • Solventborne Coatings

Global Decorative Coatings Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

    • Residential

    • Commercial

Global Decorative Coatings Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)

    • North America

        • U.S.

    • Europe

        • Germany

    • Asia Pacific

        • China

        • India

    • Latin America

        • Brazil

    • MEA

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Artificial Lift Systems Market Overview, Size, Share, Growth Factors, Demand and Trends Forecast till 2025

October 18, 2021: The global artificial lift systems market is expected to gain a moderate growth during the forecast period. Artificial lift systems are used to enhance fluid production and transportation from the reservoir to the endpoint. Based on the nature of use, the artificial lift systems are categorized on their operating principle, energy source and design. The primary aim of artificial lift systems is to lessen the weight of hydrostatic column by reducing the density of fluid column resulting into overall lessening of drawdown on reservoir ultimately, so that the formation can exhibit desired reservoir fluid.

Artificial lift systems industry is driven by factors such as rising production of shale gas and oil production and increase in oil reserves and oil production capacities all across the globe. However, the market is less efficient in terms of investments since it lacks ease of technology, yet strategic alliances enable the mitigation of risk factors based on market predictor variables. Type segment for artificial lift systems market include rod lift, electrical submersible pumps, progressive cavity pumps and gas lift.

By mechanism, the artificial lift systems industry is segmented as pump assisted and gas assisted. Application segment for the market include offshore and onshore. Onshore segment accounts for a greater CAGR during the forecast period. Factors such as rise in demand for artificial lift systems and increase in manufacture of innovative products.

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Component segment for artificial lift systems market includes sucker rod, pump jack, cable and separator, controller and gas mandrels. Pump jack accounts for a larger market segment owing to rise in deployment in manufacture and construction sector across the globe.

Geographical segmentation for artificial lift systems industry includes North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America artificial lift systems market account for a significant share in the global market. Rise in use of rod installed enables a sustainable use in the industry allows the market to expand further.

Market developments in APAC and MEA sector display similar trends due to factors like rise in offshore & onshore oil production and improved conditions for requirements in saturated fields. Rise in subsea and coal-mining operations are expected to bolster the APAC market growth. The key players in the artificial lift system industry include Weatherford International plc, General Electric Company, Baker Hughes Inc and Halliburton Company.

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Market Segment:

Artificial Lift Product Outlook (Revenue, USD Million; 2014 - 2025)

    • Rod Lifts

    • Electrical Submersible Pumps

    • Progressive Cavity Pumps

    • Gas Lift

    • Hydraulic Pumps

    • Others

Artificial Lift Regional Outlook (Revenue, USD Million; 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • UK

        • Germany

        • Russia

        • Norway

    • Asia Pacific

        • China

        • India

        • Japan

        • Indonesia

        • Malaysia

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

        • Saudi Arabia

        • UAE

        • Kuwait

        • Iran

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person: 

Ryan Manuel

Research Support Specialist, USA

Email: ryan@millioninsights.com