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  • How Has Li-Fi Improved Smart Lighting Solutions?

    For more insights:- https://www.psmarketresearch.com/market-analysis/smart-lighting-market

    Lighting systems embedded with sensors and wireless technologies capable of reducing energy consumption are referred to as smart lighting. The installation of these energy-efficient lighting solutions in residential and commercial settings helps in conserving energy and reduces operating costs. Smart lights are developed by the digitization of light-emitting diode (LED) lighting systems. Moreover, the adoption of connected technologies and smart automation in LED systems is revolutionizing the way lighting systems interact with their surroundings and consume energy.

    In recent years, the advent of light fidelity (LI-Fi) has improved the quality of smart lighting systems. Li-Fi transfers data through illumination, wherein, the data is transmitted from an LED bulb at a speed which is faster than what the human eye can follow. With the emergence of new wireless technologies, such as Li-Fi, lights are not only being used for illumination but also for communication purposes. The high-speed and bidirectional transmission property of Li-Fi will provide unprecedented bandwidth and data features in the upcoming years.

    Nowadays, the rising technological advancements in lighting control systems have become a prominent trend in the smart lighting market. Lighting control systems help in curtailing operating costs and saving energy by ensuring that lights are automatically turned off when not in use. Smart lights can also reduce the illumination and adjust the brightness by automatically sensing the light in the surroundings. The cost and energy saved through the use of lighting controls depend on the rate of site utilization and specific applications.

    LEDs, fluorescent lamps, and high-intensity discharge (HID) lamps are the sources of illumination in smart lighting systems. These systems are being deployed in indoor as well as outdoor settings for illumination and energy conservation. These energy-efficient lighting systems comprise of luminaries, such as smart bulbs and fixtures, and lighting controls, such as sensors, gateways, switches and relays, and drivers and ballasts. Apart from illumination, these products are also used for communication purposes, such as Wi-Fi, Bluetooth, powerline communication, and power over ethernet.

    Geographically, Europe accounted for the largest share in the smart lighting market in 2016. Whereas, Asia-Pacific (APAC) is expected to witness the fastest growth during the forecast period. This can be attributed to the constant advancements in smart lighting technologies, hefty investments being made in the lighting domain, and rapid digitization in industries in the region. Moreover, the increasing adoption of connected technologies in indoor and outdoor settings and surging integration of the internet of things (IoT) technology in the telecom infrastructure will also support the market growth in the region in the upcoming years.

    Therefore, the soaring number of smart cities and the emergence of Li-Fi will fuel the installation of smart lighting solutions in the forthcoming years.
    How Has Li-Fi Improved Smart Lighting Solutions? For more insights:- https://www.psmarketresearch.com/market-analysis/smart-lighting-market Lighting systems embedded with sensors and wireless technologies capable of reducing energy consumption are referred to as smart lighting. The installation of these energy-efficient lighting solutions in residential and commercial settings helps in conserving energy and reduces operating costs. Smart lights are developed by the digitization of light-emitting diode (LED) lighting systems. Moreover, the adoption of connected technologies and smart automation in LED systems is revolutionizing the way lighting systems interact with their surroundings and consume energy. In recent years, the advent of light fidelity (LI-Fi) has improved the quality of smart lighting systems. Li-Fi transfers data through illumination, wherein, the data is transmitted from an LED bulb at a speed which is faster than what the human eye can follow. With the emergence of new wireless technologies, such as Li-Fi, lights are not only being used for illumination but also for communication purposes. The high-speed and bidirectional transmission property of Li-Fi will provide unprecedented bandwidth and data features in the upcoming years. Nowadays, the rising technological advancements in lighting control systems have become a prominent trend in the smart lighting market. Lighting control systems help in curtailing operating costs and saving energy by ensuring that lights are automatically turned off when not in use. Smart lights can also reduce the illumination and adjust the brightness by automatically sensing the light in the surroundings. The cost and energy saved through the use of lighting controls depend on the rate of site utilization and specific applications. LEDs, fluorescent lamps, and high-intensity discharge (HID) lamps are the sources of illumination in smart lighting systems. These systems are being deployed in indoor as well as outdoor settings for illumination and energy conservation. These energy-efficient lighting systems comprise of luminaries, such as smart bulbs and fixtures, and lighting controls, such as sensors, gateways, switches and relays, and drivers and ballasts. Apart from illumination, these products are also used for communication purposes, such as Wi-Fi, Bluetooth, powerline communication, and power over ethernet. Geographically, Europe accounted for the largest share in the smart lighting market in 2016. Whereas, Asia-Pacific (APAC) is expected to witness the fastest growth during the forecast period. This can be attributed to the constant advancements in smart lighting technologies, hefty investments being made in the lighting domain, and rapid digitization in industries in the region. Moreover, the increasing adoption of connected technologies in indoor and outdoor settings and surging integration of the internet of things (IoT) technology in the telecom infrastructure will also support the market growth in the region in the upcoming years. Therefore, the soaring number of smart cities and the emergence of Li-Fi will fuel the installation of smart lighting solutions in the forthcoming years.
    WWW.PSMARKETRESEARCH.COM
    Smart Lighting Market Revenue Analysis Report, 2030
    The global smart lighting market is expected to reach $27,064.0 million by 2023. The emergence of light fidelity (Li-Fi) is one of the key trends observed in the smart lighting industry.
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  • Surging Geriatric Population Augmenting Global Demand for MRI Compatible Patient Monitoring Systems

    For more insights:- https://www.psmarketresearch.com/market-analysis/magnetic-resonance-imaging-compatible-patient-monitoring-system-market

    The increasing number of magnetic resonance imaging (MRI) exams being done in several countries is pushing up the demand for MRI compatible patient monitoring systems across the world. As per the Commonwealth Fund’s Annual International Profiles of Health Care Systems, France, the U.S., and Germany were the three biggest countries that observed the highest number of MRI tests per 1,000 people in 2014. The U.S., France, and Germany witnessed 109.5, 95.5, and 114.3 MRI tests respectively in that year.

    Apart from the aforementioned factor, extensive research and development (R&D) activities being conducted in MRI compatible patient monitoring systems in various countries and frequent product launches are also fueling the advancement of the industry across the globe. Additionally, the increasing public awareness about healthcare and advanced medical technologies and the soaring implementation of favorable government policies are causing a sharp surge in the demand for MRI compatible patient monitoring systems around the world.

    The surging population of geriatric people in several countries is also boosting the sales of these devices. This is because geriatric people are highly vulnerable to various syndromes and diseases, on account of their degraded regenerated abilities. As per the United Nations Department of Economic and Social Affairs (UNDESA), the total global population of people in the age group- 60 years or above is increasing swiftly. This is propelling the demand for the MRI compatible patient monitoring systems.

    The ballooning sales of these devices are causing the expansion of the global MRI compatible patient monitoring system market. As a result, the market valuation is predicted to rise significantly in the coming years. Geographically, the industry will register huge expansion in Europe in the years to come. This would be because of various factors such as the soaring geriatric population, rising prevalence of chronic diseases, and growing public awareness about these systems. The sales of these systems are also predicted to surge sharply in the Asia-Pacific (APAC) region in the future years, due to the rising installation of MRI units in regional countries.

    As per the Organization for Economic Cooperation and Development (OECD), the total number of installed MRI units per every 1 million people in Japan was as many as 35.3 in 2002. Moreover, this number grew to 46.9 in 2011. The adoption of MRI compatible patient monitoring systems is also increasing rapidly in the emerging economies such as China and India, mainly on account of the growing requirement for MRI scans for disease diagnosis in these countries.

    Thus, it can be concluded from the above paragraphs that the sales of MRI compatible patient monitoring systems would surge sharply all over the world in the forthcoming years, mainly because of the growing incidence of chronic diseases, soaring geriatric population, and rapid technological advancements and innovations in healthcare and medical devices.
    Surging Geriatric Population Augmenting Global Demand for MRI Compatible Patient Monitoring Systems For more insights:- https://www.psmarketresearch.com/market-analysis/magnetic-resonance-imaging-compatible-patient-monitoring-system-market The increasing number of magnetic resonance imaging (MRI) exams being done in several countries is pushing up the demand for MRI compatible patient monitoring systems across the world. As per the Commonwealth Fund’s Annual International Profiles of Health Care Systems, France, the U.S., and Germany were the three biggest countries that observed the highest number of MRI tests per 1,000 people in 2014. The U.S., France, and Germany witnessed 109.5, 95.5, and 114.3 MRI tests respectively in that year. Apart from the aforementioned factor, extensive research and development (R&D) activities being conducted in MRI compatible patient monitoring systems in various countries and frequent product launches are also fueling the advancement of the industry across the globe. Additionally, the increasing public awareness about healthcare and advanced medical technologies and the soaring implementation of favorable government policies are causing a sharp surge in the demand for MRI compatible patient monitoring systems around the world. The surging population of geriatric people in several countries is also boosting the sales of these devices. This is because geriatric people are highly vulnerable to various syndromes and diseases, on account of their degraded regenerated abilities. As per the United Nations Department of Economic and Social Affairs (UNDESA), the total global population of people in the age group- 60 years or above is increasing swiftly. This is propelling the demand for the MRI compatible patient monitoring systems. The ballooning sales of these devices are causing the expansion of the global MRI compatible patient monitoring system market. As a result, the market valuation is predicted to rise significantly in the coming years. Geographically, the industry will register huge expansion in Europe in the years to come. This would be because of various factors such as the soaring geriatric population, rising prevalence of chronic diseases, and growing public awareness about these systems. The sales of these systems are also predicted to surge sharply in the Asia-Pacific (APAC) region in the future years, due to the rising installation of MRI units in regional countries. As per the Organization for Economic Cooperation and Development (OECD), the total number of installed MRI units per every 1 million people in Japan was as many as 35.3 in 2002. Moreover, this number grew to 46.9 in 2011. The adoption of MRI compatible patient monitoring systems is also increasing rapidly in the emerging economies such as China and India, mainly on account of the growing requirement for MRI scans for disease diagnosis in these countries. Thus, it can be concluded from the above paragraphs that the sales of MRI compatible patient monitoring systems would surge sharply all over the world in the forthcoming years, mainly because of the growing incidence of chronic diseases, soaring geriatric population, and rapid technological advancements and innovations in healthcare and medical devices.
    WWW.PSMARKETRESEARCH.COM
    MRI Compatible Patient Monitoring System Market | Industry Trends Report
    Global MRI compatible patient monitoring system market is expected to see significant growth in the coming years, mainly on account of technological advancement related to MRI compatible monitors and surge in the number of MRI procedures performed across the globe.
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  • Why Do Medical Professionals in Saudi Arabia Require Surgical Sutures?

    For more insights:- https://www.psmarketresearch.com/market-analysis/saudi-arabia-surgical-sutures-market

    The U.S. Centers for Disease Control and Prevention (CDC) states that stroke, cirrhosis, diabetes, ischemic heart disease, chronic kidney disease, lower respiratory infections, and neonatal disorders are the leading causes of death in Saudi Arabia. According to the Ministry of Health, under the Kingdom of Saudi Arabia, diabetes is one of the most prevalent diseases in the country. As per the Ministry, diabetes causes cardiovascular diseases (CVDs), nerve damage, kidney damage, eye damage, cancer, and Alzheimer's disease among the affected population.

    Additionally, the surging incidence of burn cases will also boost the usage of surgical sutures in Saudi Arabia in the forthcoming years. According to the 2020 International Journal on Burn Trauma, scald, flame, electrical, chemical, and hot surface causes 46.4%, 36.1%, 7.3%, 6.0%, and 4.2% of skin burn injuries, respectively, in Saudi Arabia. The journal further states that 80% of burn injuries are caused among the female population of the country. Furthermore, the majority of burn cases, around 88.0%, of injuries occur at home.

    Moreover, the soaring number of hospitals and healthcare professionals will also augment the need for surgical sutures in the country in the upcoming years. As per the Ministry of Health, there were 89,093 nurses, 41,201 physicians, and 78,596 hospitals in Saudi Arabia in 2020. These hospitals and healthcare professionals use absorbable and non-absorbable sutures and reusable and disposable automated suturing devices while performing surgical procedures on patients, which, in turn, drive the demand for surgical sutures in the country.

    In recent years, medical professionals have been showing a high affinity for customized sutures, due to the high efficiency offered by them. Anti-microbial sutures, smart sutures, stem cell-seeded sutures, and drug-eluting sutures are some of the customized variants being used to close incisions and wounds in injured or wounded people. For example, in 2016, Micro Microsystems & Nanoengineering published research on the integration of electronics, microfluids, and nano-scale sensors into threads that could be sutured through multiple layers of tissue to collect diagnostic data wirelessly in real time.

    At present, companies operating in the Saudi Arabian surgical sutures market are focusing on mergers and acquisitions to offer improved products that can be used in general surgeries, orthopedic surgeries, gynecological surgeries, CVD surgeries, and ophthalmic surgeries. For instance, in January 2016, Surgical Specialties Corporation acquired all the affiliated entities and shares of FSSB Chirurgische Nadeln GmbH, a suture and needle manufacturing company, for $147 million. Through this acquisition, the former aims to expand its needle business by using the proprietary technology of the latter.

    Thus, the rising cases of chronic diseases and burn injuries and the increasing number of hospitals and healthcare professionals will create a huge requirement for surgical sutures in Saudi Arabia in the foreseeable future.
    Why Do Medical Professionals in Saudi Arabia Require Surgical Sutures? For more insights:- https://www.psmarketresearch.com/market-analysis/saudi-arabia-surgical-sutures-market The U.S. Centers for Disease Control and Prevention (CDC) states that stroke, cirrhosis, diabetes, ischemic heart disease, chronic kidney disease, lower respiratory infections, and neonatal disorders are the leading causes of death in Saudi Arabia. According to the Ministry of Health, under the Kingdom of Saudi Arabia, diabetes is one of the most prevalent diseases in the country. As per the Ministry, diabetes causes cardiovascular diseases (CVDs), nerve damage, kidney damage, eye damage, cancer, and Alzheimer's disease among the affected population. Additionally, the surging incidence of burn cases will also boost the usage of surgical sutures in Saudi Arabia in the forthcoming years. According to the 2020 International Journal on Burn Trauma, scald, flame, electrical, chemical, and hot surface causes 46.4%, 36.1%, 7.3%, 6.0%, and 4.2% of skin burn injuries, respectively, in Saudi Arabia. The journal further states that 80% of burn injuries are caused among the female population of the country. Furthermore, the majority of burn cases, around 88.0%, of injuries occur at home. Moreover, the soaring number of hospitals and healthcare professionals will also augment the need for surgical sutures in the country in the upcoming years. As per the Ministry of Health, there were 89,093 nurses, 41,201 physicians, and 78,596 hospitals in Saudi Arabia in 2020. These hospitals and healthcare professionals use absorbable and non-absorbable sutures and reusable and disposable automated suturing devices while performing surgical procedures on patients, which, in turn, drive the demand for surgical sutures in the country. In recent years, medical professionals have been showing a high affinity for customized sutures, due to the high efficiency offered by them. Anti-microbial sutures, smart sutures, stem cell-seeded sutures, and drug-eluting sutures are some of the customized variants being used to close incisions and wounds in injured or wounded people. For example, in 2016, Micro Microsystems & Nanoengineering published research on the integration of electronics, microfluids, and nano-scale sensors into threads that could be sutured through multiple layers of tissue to collect diagnostic data wirelessly in real time. At present, companies operating in the Saudi Arabian surgical sutures market are focusing on mergers and acquisitions to offer improved products that can be used in general surgeries, orthopedic surgeries, gynecological surgeries, CVD surgeries, and ophthalmic surgeries. For instance, in January 2016, Surgical Specialties Corporation acquired all the affiliated entities and shares of FSSB Chirurgische Nadeln GmbH, a suture and needle manufacturing company, for $147 million. Through this acquisition, the former aims to expand its needle business by using the proprietary technology of the latter. Thus, the rising cases of chronic diseases and burn injuries and the increasing number of hospitals and healthcare professionals will create a huge requirement for surgical sutures in Saudi Arabia in the foreseeable future.
    WWW.PSMARKETRESEARCH.COM
    Saudi Arabia Surgical Sutures Market - Industry Insights, 2023
    Saudi Arabian surgical sutures market is consolidated with the presence of very few players. The top three players held more than 90% share in the Saudi Arabian market, in 2017. Johnson and Johnson held the largest market share in 2017.
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  • Rising Cosmetic Demand Boosts Isostearic Acid Industry

    For more insights:- https://www.psmarketresearch.com/market-analysis/isostearic-acid-market

    Isostearic acid can be defined as a liquid fatty acid produced by an oleic acid reaction with a natural mineral. It has a pleasant smell, and high thermal and oxidation stability. It also offers high stabilization of pigments and mineral particles in oils and solvents. There are various uses of liquid fatty acid due to its exceptional stability. The thermal stability is highly beneficial for its usage as a lubricant, while odor stability supports its cosmetic application. And oxidation stability ensures the long-shelf life of the products. The branching structure of this acid also improves the dispersing power.

    The isostearic acid is derived from vegetable sources and is considered biodegradable due to its branched molecular structure. The isostearic acids are highly utilized for rubber and polymer, textiles, oil extraction, and industrial and institutional cleaning. The chemical esters widely use isostearic acid due to its multifunctional properties, including water repellent, adhesion, dispersion, and emollient nature. Moreover, chemical esters are highly effective as solubilizers, plasticizers, solvents, and pigment promoters.

    Isostearic acid is utilized in color cosmetics, personal care products, and deodorants that offer film forming and spreadability. The wide cosmetic applications of the isostearic derivatives include hair conditioners, skin creams, color cosmetics, moisturizing creams, fine soaps, and shower gel formulations. Isostearic acid leaves a soft feel after its application on the skin. It can be used as a dispersant, co-emulsifier, stabilizer, and emollient. The isostearic acid offers excellent spreadability without causing any oiliness. It is used as a binder for compact powder or eye shadow formulation. It can also be utilized as a cleansing and emulsifying agent due to the presence of ionic and nonionic groups.

    Moreover, isostearic acid is used in wax and soap production, rubber compounds, fabric softeners, foodstuffs, and cosmetics. The long chain stearins include slightly higher chain acids that enhance lubricity, water resistance, and oil solubility. Isostearic acids functions as both emollient and co-emulsifier in personal care. It helps the skin for replenishing the natural moisture.

    The rising demand for cosmetic products, in turn, will result in increased requirements for isostearic acid. It is due to the rising elderly population, and increasing disposable income. The major cosmetics companies are Avon Products Inc., L’Oreal Group, Oriflame Cosmetics, and The Estée Lauder Companies Inc. keep launching new products from time to time, which would result in an expansion of the cosmetic industry and lead to increasing requirement of the isostearic acid.

    The isostearic acid is utilized in the manufacturing of institutional and industrial cleaning chemicals, such as soaps and liquid cleaners. The rising environmental and medical awareness creates an increasing demand for institutional and industrial cleaning in the emerging economies, which will further provide numerous opportunities to isostearic acid manufacturing companies.

    The major isostearic acid companies are Croda International Plc, Nissan Chemical America Corporation, Oleon NV, Arizona Chemical Company, Jarchem Industries, and (M) Sdn Bhd.

    Therefore, the expansion of the cosmetic industry will in turn create high demand for isostearic acid, and hence provide numerous opportunities for companies to expand their business.
    Rising Cosmetic Demand Boosts Isostearic Acid Industry For more insights:- https://www.psmarketresearch.com/market-analysis/isostearic-acid-market Isostearic acid can be defined as a liquid fatty acid produced by an oleic acid reaction with a natural mineral. It has a pleasant smell, and high thermal and oxidation stability. It also offers high stabilization of pigments and mineral particles in oils and solvents. There are various uses of liquid fatty acid due to its exceptional stability. The thermal stability is highly beneficial for its usage as a lubricant, while odor stability supports its cosmetic application. And oxidation stability ensures the long-shelf life of the products. The branching structure of this acid also improves the dispersing power. The isostearic acid is derived from vegetable sources and is considered biodegradable due to its branched molecular structure. The isostearic acids are highly utilized for rubber and polymer, textiles, oil extraction, and industrial and institutional cleaning. The chemical esters widely use isostearic acid due to its multifunctional properties, including water repellent, adhesion, dispersion, and emollient nature. Moreover, chemical esters are highly effective as solubilizers, plasticizers, solvents, and pigment promoters. Isostearic acid is utilized in color cosmetics, personal care products, and deodorants that offer film forming and spreadability. The wide cosmetic applications of the isostearic derivatives include hair conditioners, skin creams, color cosmetics, moisturizing creams, fine soaps, and shower gel formulations. Isostearic acid leaves a soft feel after its application on the skin. It can be used as a dispersant, co-emulsifier, stabilizer, and emollient. The isostearic acid offers excellent spreadability without causing any oiliness. It is used as a binder for compact powder or eye shadow formulation. It can also be utilized as a cleansing and emulsifying agent due to the presence of ionic and nonionic groups. Moreover, isostearic acid is used in wax and soap production, rubber compounds, fabric softeners, foodstuffs, and cosmetics. The long chain stearins include slightly higher chain acids that enhance lubricity, water resistance, and oil solubility. Isostearic acids functions as both emollient and co-emulsifier in personal care. It helps the skin for replenishing the natural moisture. The rising demand for cosmetic products, in turn, will result in increased requirements for isostearic acid. It is due to the rising elderly population, and increasing disposable income. The major cosmetics companies are Avon Products Inc., L’Oreal Group, Oriflame Cosmetics, and The Estée Lauder Companies Inc. keep launching new products from time to time, which would result in an expansion of the cosmetic industry and lead to increasing requirement of the isostearic acid. The isostearic acid is utilized in the manufacturing of institutional and industrial cleaning chemicals, such as soaps and liquid cleaners. The rising environmental and medical awareness creates an increasing demand for institutional and industrial cleaning in the emerging economies, which will further provide numerous opportunities to isostearic acid manufacturing companies. The major isostearic acid companies are Croda International Plc, Nissan Chemical America Corporation, Oleon NV, Arizona Chemical Company, Jarchem Industries, and (M) Sdn Bhd. Therefore, the expansion of the cosmetic industry will in turn create high demand for isostearic acid, and hence provide numerous opportunities for companies to expand their business.
    WWW.PSMARKETRESEARCH.COM
    Isostearic Acid Market Trends, Share, Size | Growth Forecast Report
    Global market for isostearic acid value is expected to reach $442.4 million, and is projected to witness a promising growth rate at CAGR of 7.3%, in forecast period.
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  • Hydraulic Press Machines Being Used to Reduce Production Costs

    For more insights:- https://www.psmarketresearch.com/market-analysis/hydraulic-press-machine-market

    Hydraulic press machines use a hydraulic (driven by the force of fluids) solid cylinder to generate a compressive force. The popularity of these machines is increasing in the industrial sector due to their high productivity and need to reduce labor costs. These press machines find application in the military, automotive, abrasives, and ceramic industries, primarily for compressing metals into sheets, drawing, power compacting, forging, blanking, stamping, coining, and embossing. Besides, the force produced by these machines during fabrication and other processes cannot be replicated by any other method.

    Furthermore, technological advancements such as the integration of variable frequency drives (VFDs) in mechanic presses have increased the demand for hydraulic press machines in the manufacturing sector. VFD allows the operator to ascertain the pressing speeds, as it offers better operational efficiency. Due to this, these machines are used in the aerospace sector for coining and forging aircraft parts. Additionally, the integration of new components, energy-efficient circuits, and fast-acting valves make these machines more efficient than the traditional ones.

    The industry segment of the market is categorized into ceramics & abrasives, food & beverages, automotive, military, electrical & electronics, and others. In recent years, the automotive sector deployed the highest number of hydraulic press machines due to the high demand for fabricated metals for vehicle production. During metal fabrication, a metallic piece is transformed into an end-use product, after it undergoes the process of stamping, forming, welding, forging, and machining.

    Geographically, the Asia-Pacific (APAC) region accounted for the largest share in the hydraulic press machine market in 2016. This can be attributed to the spurring demand for passenger vehicles in the region, especially in India and China, and growing advancements in military capabilities. During the forecast period, the demand for these machines will escalate here further due to the growth of the automobile sector. Additionally, the APAC market is also driven by the entry of new players, who are constantly coming up with better machines.

    Thus, the hydraulic press machine market is characterized by the presence of an umpteen number of regional and global players, which is why it is fragmented in nature. Some of the leading companies offering hydraulic press machines are Greenerd Press & Machine Company Inc., Betenbender Manufacturing Inc., French Oil Mill Machinery Co., Hefei Metalforming Intelligent Manufacturing Co. Ltd., Japan Automatic Machine Co. Ltd., Komatsu America Corp., Beckwood Press, Jiangsu Yangli Group, DORST Technologies GmbH & Co. KG, and Asai Corporation.

    Thus, the expansion of the automobile industry and growth of the manufacturing sector are augmenting the demand for hydraulic press machines.
    Hydraulic Press Machines Being Used to Reduce Production Costs For more insights:- https://www.psmarketresearch.com/market-analysis/hydraulic-press-machine-market Hydraulic press machines use a hydraulic (driven by the force of fluids) solid cylinder to generate a compressive force. The popularity of these machines is increasing in the industrial sector due to their high productivity and need to reduce labor costs. These press machines find application in the military, automotive, abrasives, and ceramic industries, primarily for compressing metals into sheets, drawing, power compacting, forging, blanking, stamping, coining, and embossing. Besides, the force produced by these machines during fabrication and other processes cannot be replicated by any other method. Furthermore, technological advancements such as the integration of variable frequency drives (VFDs) in mechanic presses have increased the demand for hydraulic press machines in the manufacturing sector. VFD allows the operator to ascertain the pressing speeds, as it offers better operational efficiency. Due to this, these machines are used in the aerospace sector for coining and forging aircraft parts. Additionally, the integration of new components, energy-efficient circuits, and fast-acting valves make these machines more efficient than the traditional ones. The industry segment of the market is categorized into ceramics & abrasives, food & beverages, automotive, military, electrical & electronics, and others. In recent years, the automotive sector deployed the highest number of hydraulic press machines due to the high demand for fabricated metals for vehicle production. During metal fabrication, a metallic piece is transformed into an end-use product, after it undergoes the process of stamping, forming, welding, forging, and machining. Geographically, the Asia-Pacific (APAC) region accounted for the largest share in the hydraulic press machine market in 2016. This can be attributed to the spurring demand for passenger vehicles in the region, especially in India and China, and growing advancements in military capabilities. During the forecast period, the demand for these machines will escalate here further due to the growth of the automobile sector. Additionally, the APAC market is also driven by the entry of new players, who are constantly coming up with better machines. Thus, the hydraulic press machine market is characterized by the presence of an umpteen number of regional and global players, which is why it is fragmented in nature. Some of the leading companies offering hydraulic press machines are Greenerd Press & Machine Company Inc., Betenbender Manufacturing Inc., French Oil Mill Machinery Co., Hefei Metalforming Intelligent Manufacturing Co. Ltd., Japan Automatic Machine Co. Ltd., Komatsu America Corp., Beckwood Press, Jiangsu Yangli Group, DORST Technologies GmbH & Co. KG, and Asai Corporation. Thus, the expansion of the automobile industry and growth of the manufacturing sector are augmenting the demand for hydraulic press machines.
    WWW.PSMARKETRESEARCH.COM
    Hydraulic Press Machine Market Comprehensive Analysis, 2030
    The global hydraulic press machine market is expected to reach $11,733.2 million by the end of 2023. High growth in the automotive industry can be viewed as a major factor driving the hydraulic press machine market.
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  • How are Government Policies Driving Demand for Electric Cars in India?
    The air pollution levels in India have risen rapidly over the past few years. As per the Environmental Pollution Index 2018, the country is among the bottom five countries when environment health category is considered and ranked 178 out of 180, in terms of air quality. India’s carbon dioxide emissions rose by 4.6% in 2017. This surging emissions of ultra-fine particulate matter from...
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  • How is Rising Demand for Point of Care Testing Driving Microfluidic Devices Market?
    The demand for point of care testing (POCT) is increasing across the globe because of the growing aging population, rising prevalence of chronic diseases, and lifestyle changes. POCT is the performance of a test nearby to the site of the patient care for providing immediate results outside the traditional laboratory environment. In addition to this, diagnostic companies, such as Alere, Abaxis,...
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