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text 2021-10-19 09:58
Earthmoving Equipment Market Set to Eclipse USD 184.56 billion by 2022

Global Earthmoving Equipment Market is expected to reach USD 184.56 billion by 2022. Earthmoving Equipment is a heavy machine mainly designed for construction operations that involve earth work. It is exclusively used to dig foundations for landscaping and move large amount of earth. It is also termed as heavy hydraulics, heavy trucks, engineering equipment, heavy machines, and construction equipment. However, hydraulic drive is used as a main source of motion. The Earthmoving Equipment Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe.

 

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Growth in construction spending, technological enhancement, high spending on R&D activities by manufacturers are documented as major factors of Earthmoving Equipment Market that are estimated to enhance the growth in the years to come. However, high cost of raw material are the factors that may restrain overall market growth in the coming years. Earthmoving Equipment industry is segmented based on product type, application, and region.

 

Motor Graders, Crawler/Wheeled Excavators, Wheeled Tractors, Mini Excavators, Bull Dozers/Crawler Tractors, Backhoe Loaders, Skid Steer Loaders, Crawler/Wheeled/Compact Loaders, and other product types could be explored in Earthmoving Equipment in the forecast period. Backhoe loaders sector accounted for the substantial market share of Earthmoving Equipment and is estimated to continue its dominance in the coming years. This may be because of high demand for loaders from construction industry and growing construction activities in the regions.

 

The market may be categorized based on applications like construction, mining, forestry, military, agricultural, and others that could be explored in the forecast period. Construction sector accounted for the substantial market share of Earth moving Equipment and is estimated to lead the overall market in the coming years.

Globally, Asia Pacific accounted for the significant market share of Earth moving Equipment and is estimated to lead the overall market in the coming years. Moreover, the regional market is estimated to grow at highest CAGR in the coming years. The reason behind the overall market growth could be growing investment in the urban and rural infrastructure like IT parks, constructing residential areas, roads, and ports. The developing countries like India and China are the major consumers Earth moving Equipment in the region.

 

The key players of Earth moving Equipment Market are Doosan Corporation, Caterpillar Inc., Sany Heavy Industry Co Ltd., Komatsu Ltd., Xuzhou Construction Machinery Group Co. Ltd., Hitachi Construction Machinery Co. Ltd., Deere & Company, Terex Corporation, Liebherr Group, and Volvo Construction Equipment. 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.

 

Browse Full Report With TOC @ https://bit.ly/30GsU1e

 

Market Segment:

Earthmoving Equipment Product Outlook (Revenue, USD Million, 2012 - 2022)
    • Excavators
    • Loaders
    • Others

 

Earthmoving Equipment Application Outlook (Revenue, USD Million, 2012 - 2022)
    • Construction
    • Others

 

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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

Source: bit.ly/3AUpi8h
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text 2021-10-12 12:24
Why Are OEMs Preferred Medical Equipment Maintenance Service Providers in U.S.?

At $11,072, the per capita healthcare expenditure of the U.S. was the highest in the world in 2019, as per the Organisation for Economic Co-operation and Development (OECD). The expenditure includes all the spending on constructing healthcare centers, procuring equipment, and hiring staff, as well as offering medical services in the form of diagnosis, treatments, and medicines. Apart from this, a significant portion of the spending is done for the regular maintenance of medical equipment in the country.

 

Browse detailed report with COVID-19 impact analysis at U.S. Medical Equipment Maintenance Market Research Report

 

This is necessary as medical devices are used on numerous patients throughout the day and the larger pieces of equipment work almost nonstop. Being however advanced as they are, they are still machines, thus are prone to malfunctioning. As a result of all these factors, the U.S. medical equipment maintenance market revenue, which stood at $8,262.2 million in 2019, will increase to $21,358.3 million by 2030, at a 9.2% CAGR between 2020 and 2030.

 

 

And, it is not just the rising awareness of the healthcare fraternity on such issues that is driving medical equipment maintenance activities in the country but also the stringent regulations of the government. The Joint Commission (TJC), Det Norske Veritas (DNV), Healthcare Facilities Accreditation Program (HFAP), United States Food and Drug Administration (USFDA), state departments of health, and Centers for Medicare and Medicaid Services (CMS) mandate compliance with medical equipment maintenance guidelines.


As per P&S Intelligence, the largest contributor to the U.S. medical equipment maintenance market is Texas, on account of the large number of medical centers here and its high healthcare spending. Since over 80% of its healthcare spending is done by the Texas Department of Aging and Disability Services (DADS), Texas Health and Human Services Commission (HHSC), Texas Department of State Health Services (DSHS), Teacher Retirement System (TRS), and Employees Retirement System (ERS), hospitals and other facilities here can easily afford the expensive medical equipment maintenance services.

 

Hence, with the growing awareness on the preventive maintenance of medical devices and the stringent U.S. government rules in this regard, OEMs and ISOs are expected to win more service contracts in the coming years.

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text 2021-09-24 07:59
Ultraviolet (UV) Disinfection Equipment Market to Surpass USD 6.42 billion by 2022 With CAGR Of 23.6% By 2022

Global Ultraviolet (UV) Disinfection Equipment Market size is expected to reach USD 6.42 billion by 2022. Ultraviolet (UV) irradiation is used for multiple purposes in water treatment. It is working as a disinfection process that inactivates waterborne pathogens without chemicals. Also, it is used for the removal of inorganic and organic chemicals including chloramines, ozone, chlorine, and total organic carbon (TOC). The increasing awareness among customers regarding technology coupled with high investments by governments globally to employ advanced water treatment technologies is expected to boost the market growth in the forthcoming period. The UV Disinfection Equipment market size is expected to register a CAGR of 23.6% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

 

UV disinfection equipment could be explored by application as water treatment, air treatment, wastewater treatment, surface disinfection, process water treatment, and others. The “wastewater treatment” segment is anticipated to hold the large market share in the next couple of years due to the rapid growth of textile, chemical and oil & gas industries in developing countries. Additionally, the increasing investments in wastewater treatment recycling by various public and private bodies are expected to drive the market growth in the coming years. The “air treatment” segment is projected to grow at a high CAGR in the upcoming period due to growing consumer inclination towards health and safety.

 

The factors that play an important role in the growth of ultraviolet (UV) disinfection equipment market include increasing demand, growing population, increasing urbanization & industrialization, growing need for environmental friendly disinfection system, increasing use of UV led in disinfection saves energy, increasing demand for clean & safe drinking water due to rising population & declining freshwater resources, technologically advancements and stringent government rules & regulations. Moreover, easy installation and low environmental impacts associated with the ultraviolet disinfection system as compared to conventional chemical disinfection methods are major factors driving the growth if market in the upcoming period.

 

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However, low cost of conventional disinfectants like chlorine, decline in the share of food & beverage, lack of treating the residuals by UV disinfection equipment are negatively impacting the growth of ultraviolet (UV) disinfection equipment industry. The market is widely analyzed based on different regional factors such as gross domestic product (GDP), demographics, acceptance, inflation rate and others. The market is categorized based on type, component, application, end user and geography. The market is classified into component such as UV lamps, reactor chamber, quartz sleeve, controller unit, power supply unit, sensors, solenoid valves, wiping systems and others.

 

North America is expected to hold the highest market share in the coming years due to increasing use of the UV disinfection technology in water & wastewater and food & beverage industry. Asia Pacific is anticipated to be the fastest region and is expected to grow at a high CAGR over the projected period. The rapidly growing population in India and China coupled with declining freshwater resources due to unusual rainfalls is expected to drive the market growth in this region.

 

The key players contributing to the robust development of the ultraviolet (UV) disinfection equipment market include Greenway Technologies, Severn Trent Plc, Xylem Inc., Atlantic Ultraviolet Corporation, Trojan Technologies, Atlantium Technologies Ltd., Evoqua Water technologies, Green Water Technologies, Advanced UV, Enaqua, Hydro-photon and Spectral Innovations Ltd. These market players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

 

Browse Complete Report Summary with TOC here https://bit.ly/3i11cC2

 

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

Source: bit.ly/3EN5xTf
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text 2021-09-21 13:56
Operating Room Equipment Market Is Expected To Reach USD 48.50 Billion By 2025

The global operating room equipment market size was valued at USD 26.24 billion in 2016 and is expected to reach USD 48.50 billion by 2025, at CAGR of 7.2%. Growing demand for improved medical facilities coupled with transition from conventional to state-of-the-art operation theaters is anticipated to escalate the operating room equipment market over the forecast period. Technological transformations, infrastructural development and high investments in the medical devices by hospital and healthcare centers are expected to spur the medical equipment demand over the forecast period. Development of hybrid operating rooms has prompted the installation of multi-purpose equipment, enabling automated results coupled with high operational efficiency, providing ample space for the introduction of high end equipment.

 

High occurrence of medical disorders among geriatric population along with the prevalence life threatening diseases is anticipated to fuel advanced operating equipment demand. Availability of advanced surgical tools and high prevalence of chronic disorders or diseases is also anticipated to escalate product demand over the forecast period. Key challenge faced by the industry includes the high cost associated, which is expected to hamper introduction of these devices in hospitals. Lack of knowledge and skilled manpower required to handle complex devices is also expected to hinder market growth over the forecast period. Rise in number of high-end operating rooms accompanying advanced equipment along with increasing number of ASC (Ambulatory Surgical Center) is anticipated to substantially drive the level of innovation among manufacturers instigating them to provide latest technologies.

 

For further inquiries, about - Global Operating Room Equipment Industry Analysis, Size, Growth, Trends and Forecast 2014 - 2025, click on this link – https://www.millioninsights.com/industry-reports/operating-room-equipment-market

 

Advanced and efficient operating tables, surgical booms, operating room integration systems, operating room lights, surgical headlights, surgical light sources and surgical imaging display forms an integral part of the new age hybrid theaters. Further, anesthesia equipment, electrosurgical generators, defibrillators, respiratory ventilators, endoscopy equipment, vital sign monitors, pneumatic tourniquet, infusion pumps, surgery microscopes, medical stainless steel, patient warmers, suction pumps, hospital stretchers, medical warmers, hospital stretchers, autoclaves & sterilizers, sequential compression devices and vaporizers & accessories contributes essential functionalities to an operating theater.

 

Integration of non-surgical and surgical equipment in the hybrid operating rooms including patient monitoring, diagnostics and radiology among others coupled with imaging techniques such as MRI scanners, CT scanners and C- arm provides better ease and flexibility to the specialist to perform the task. Installation of hybrid operation rooms largely reduces the hustle of transferring a patient from the operation theater to the scanning center. This greatly automates the work efficiencies and results in better patient care, thereby adding to the business value.

 

Operating rooms presently require high-definition fixed imaging and video equipment, enabling information from all over the hospital at the surgeon’s fingertip, and are expected to drive the industry demand over the forecast period. The industry is witnessing a growing trend towards installation of larger imaging systems. Operating rooms today are an economic engine for any medical facility, and accounts for more than 60% of the revenue. Further, hospitals often face an increasing drive for patient oriented effectiveness. Hospitals need to focus on creating value for the patient with the installation of state-of-the-art equipment with a combination of optimally trained medical expert. In addition, optimizing the operation environment helps enhance surgeon performance, and is thereby expected to drive the operating equipment market over the forecast period.

 

Europe and North America are expected to emerge as the largest markets due to existence of well-established medical sector with the presence of technologically advanced medical systems. The regions are expected to witness significant growth due to the upgradation of technology with advanced automated systems and rise in number of hospitals. Evolving medical industry in the Asia Pacific region including India, Thailand, Malaysia and South Korea due to rise in population encourages the medical sector to install high-end medical facilities and technologies at low costs.

 

Major players in the market include Steris Corporation, Hill-Rom Holding Inc., GE Healthcare, Phillips Healthcare, Stryker Corporation, Mizuho OSI, Getinge Group, Dragerwerk, Medtronic Inc, Eschmann Equipment, Karl Storz GmBH & Co. KG, Skytron, NDS Surgical Imaging, Berchtold Corporation, Trumpf GmBH + Co. KG, Creative Heath Tech Pvt. Ltd., Siemens Healthcare.

 

Request a Free Sample Copy of Operating Room Equipment Market Report @ https://www.millioninsights.com/industry-reports/operating-room-equipment-market/request-sample

 

Market Segment:

 

Operating Room Equipment Product Outlook (Revenue, USD Million, 2014 - 2025)
• Anesthesia Devices
• Endoscopes
• Operating Room Tables
• Operating Room Lights
• Electrosurgical Devices
• Surgical Imaging Devices
• Patient Monitors
• Others

 

Operating Room Equipment End-Use Outlook (Revenue, USD Million, 2014 - 2025)
• Hospitals
• Ambulatory Surgical Centers

 

Operating Room Equipment Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• South Africa

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text 2021-09-06 06:13
Material Handling Equipment Market Size, Scope and Growth Prospects

The global material handling equipment market size is anticipated to reach $41.1 billion by 2025. The market is projected to witness the high growth owing to the increasing manufacturing activities in the pharmaceuticals, chemical, food & beverages and automotive industries paired with safety concerns over the workplace. Moreover, a technological development like robotic arms, escalators, automation, etc. started an evolution in the industries which efficiently perform tasks with error free and time & cost saving manufacturing processes, may fuel the market growth.

 

The increasing demand for retrieval systems and automated storage in pharmaceutical, food & beverages, chemical, and automotive industries are expected to be a key driving factor of the market growth due to the adoption of equipment by manufacturers in warehouses as well as the distribution & production centers.

 

Request a Free Sample Copy of Material Handling Equipment Market Report @ https://www.millioninsights.com/industry-reports/materials-handling-equipment-market/request-sample

 

The product handling equipment reduces the cost as well as the risk of damaging a product due to manual transportation and processing activities. Trucks are the dominating segment of handling equipment and had the highest market share in 2015. However, retrieval systems & automated storage is likely to acquire significant market share over the forecast period owing to increased adoption of the automation systems across the APAC.

 

Product Insights

 

A variety of Automated, semi-automated, and manual material handling equipment lower the handling cost, shorten the delivery time and reduces the risk of damage and inventory. Thus, the adoption of material handling equipment is projected to upsurge.

 

End-use Insights

 

The e-commerce industry is anticipated to persist as a leading and fastest growing segment of the end-use due to the rising adoption of material handling equipment for storage & transportation purpose in a warehouse. These mechanical products used for the movement of goods, storage, tracking products, organization of orders and protection of material. Thus, they reinforce the operational capability, handle warehouse activities efficiently, and streamline the supply chain.

 

The flourishing e-commerce and manufacturing industries like textile, chemical, automotive, food & beverage, and pharmaceutical inducing a demand for warehousing the goods for managing and storing purposes. Thus, material handling systems act as a key factor in managing external and internal manufacturing/warehousing operations. They are widely used in the automotive industry owing to lessen the labor intensity, improved production activities, and timely delivery of goods or material.

 

Regional Insights

 

Europe is one of the dominating regions with a significant market share in 2015 and estimated over 35% of the sector share. However, APAC is expected to grow at a CAGR of over 7% making the region a fastest growing market in the forecast period. The increase in the manufacturing facilities, paired with the expansion of the e-commerce and industrial sector in APAC, is likely to drive the material handling equipment market in the region. Moreover, the mounting importance of safety at a workplace in manufacturing and chemical industries is projected to increase the demand in the forecast period.

 

The rapid global development of e-commerce and industrialization are projected to boost the demand for the market in warehouses. Moreover, Middle East, Africa and Latin America are anticipated to make massive investments in the material handling equipment market.

 

The report “Material Handling Equipment Market” is available now at https://www.millioninsights.com/industry-reports/materials-handling-equipment-market

 

Competitive Insights 

 

The market is highly competitive with the existence of major players and small vendors supplying a broad range of the equipment. Furthermore, the industry is witnessing joint ventures or acquisitions. For instance, in 2015, SSI Schaefer acquired MoTuM NV and included Automated Guided Vehicles (AGV) in its product portfolio.

 

Additionally, manufacturers are adopting automation to sustain in the market. At present, the sector is dominated by global players, like SSI Schaefer, Daifuku, Murata Machinery Ltd., Kion Group (Dematic), Mecalux S.A., and Vanderlande Industries B.V.

 

Market Segment:

 

Material Handling Equipment Product Outlook (Revenue, USD Billion; 2014 - 2025)
• Storage & handling equipment
• Automated storage & retrieval system
• Industrial trucks
• Bulk material handling equipment
• Others

 

Material Handling Equipment End-Use Outlook (Revenue, USD Billion; 2014 - 2025)
• Automotive
• Food & beverages
• Chemical
• Semiconductor & electronics
• E-commerce
• Aviation
• Pharmaceutical
• Others

 

Material Handling Equipment Regional Outlook (Revenue, USD Billion; 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

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