3 Key Insights on US$ 75 Bn Opportunity in Global Water and Wastewater Treatment Equipment Market: Ken Research

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Driven by water scarcity, rising population, and rapid urbanization, the Global Water and Wastewater Treatment Equipment Market is Forecasted to reach nearly US$ 75Bn by 2028 says Ken Research Study.

Water and Wastewater Treatment Equipment includes the equipment used in the wastewater treatment plants. The wastewater treatment plants mainly use three processes for treatment purposes i.e. primary treatment, secondary treatment, and tertiary treatment using equipment such as membrane separation, biological, disinfection, and sludge dewatering that is mainly used for municipal and industrial purposes in the treatment of the wastewater.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. The Water and Wastewater Treatment Market Is Witnessing Steady Growth Owing to Water Scarcity around the Globe.

The Water and wastewater treatment market is witnessing steady growth owing to water scarcity around the globe. Water scarcity means a lack of freshwater resources to meet the regular demand for water consumption for public usage. According to United Nations International Children's Emergency Fund (UNICEF) around 4 billion of the world’s population is experiencing water scarcity, thus many water and wastewater treatment equipment manufacturers are now developing new technologies to deal with water scarcity such as development of wastewater treatment plants for removal of contaminants from wastewater and converting it into safe-to-use and establishment of desalination plants which help in removing salt from seawater, which is helping them to dominate the market.

According to Ken Research estimates, the Global Water and Wastewater Treatment Equipment Market – valued at around ~US$ 35 billion in 2017 and estimated to reach nearly ~US$ 50 billion by 2022 – it is further expected to reach a market size of ~US$ 75 billion opportunity by 2028.

2. Rise in Population and Rapid Urbanization is driving the Water and Wastewater Equipment Market Growth.

The rising population and rapid urbanization are some of the major causes that drive the growth of the water and wastewater equipment market. The rising population leads to the problem of a lack of water resources to fulfil the demand for water for public usage, thus leading to the development of wastewater treatment plants which directly affects the water and wastewater treatment equipment market.

According to The World Bank Group, the urban population has seen a rise from 55% of the world population in 2018 to 57% of the world population in 2021, as many people from rural area shift to the urban region for better employment opportunities.

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3. High Installation, Operational, and Maintenance Cost of Wastewater Treatment Plants Is One of The Major Challenges for The Market.

The high installation, operational, and maintenance cost of wastewater treatment plants is one of the biggest challenges for the Global Water and Wastewater Treatment Equipment Market. There are mainly 3 water treatment systems i.e. boiler feed water treatment system, raw water treatment system, and cooling tower water treatment system.

The installation cost of a boiler feed water system varies upon low-pressure and high-pressure boilers, as a low-pressure boiler is less effective as compared to a high thus making it less costly.

The raw water treatment system’s average cost is US$ 9,75,000 which varies depending on the flow rate used in the system.

The cooling tower water treatment system’s average cost is US$ 2,50,000 which may increase if the user wants to add more equipment such as membrane separation in the system.

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Key Topics Covered in the Report

• Snapshot of Global Water and Wastewater Treatment Equipment Market
• Industry Value Chain and Ecosystem Analysis
• Market size and Segmentation of the Global Water and Wastewater Treatment Equipment Market
• Historic Growth of the Overall Global Water and Wastewater Treatment Equipment Market and Segments
• Competition Scenario of the Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Water And Wastewater Treatment Equipment Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Water and Wastewater Treatment Equipment Market
• Future Market Forecast and Growth Rates of the Total Global Water and Wastewater Treatment Equipment Market and by Segments
• Market Size of Application/End-user Segments with Historical CAGR and Future Forecasts
• Analysis of the Global Water and Wastewater Treatment Equipment Market
• Major Production/Supply and Consumption/Demand Hubs within Each Major Country
• Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Region

Notable Emerging Companies Mentioned in the Report

• Solugen
• CycloPure
• ZwitterCo
• Aquacycl
• Forward Water Technologies

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Water and Wastewater Treatment Plant Manufacturers
• Water And Wastewater Treatment Equipment Raw Material Suppliers
• Water And Wastewater Treatment Equipment Products Manufacturers
• Government Ministries and Departments for Drinking Water and Sanitation
• Water And Wastewater Treatment Equipment Industry Association
• Water And Wastewater Treatment Equipment Companies
• Venture Capitalists Targeting Water and Wastewater Treatment Equipment Industry
• Investment Banks Targeting Water and Wastewater Treatment Equipment Industry
• Environmental Regulatory Authorities

Time Period Captured in the Report

• Historical Period: 2017-202
• Forecast Period: 2022E-2028F

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Global Water and Wastewater Treatment Equipment Market: Ken Research

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3 Key Insights on US$ 40 Bn Opportunity in Global Radiography Systems Market: Ken Research

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Driven by the increasing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and neurology disorders, the Global Radiography Systems Market is forecasted to Cross US$ 40 Bn by 2028 says Ken Research Study.

Radiography systems are medical devices that use imaging technologies such as X-rays, ultrasound systems, computed tomography (CT) scanners, and others to treat and diagnose patients. Such imaging technologies aid in capturing images of the patient's inner structure to determine the presence or absence of any disease, structural damage, or abnormality. Furthermore, radiography is also used in a variety of examinations and diagnostic tests, such as dental examinations, chiropractic examinations, and orthopedic evaluations where a digital image record is intended.

“Ken Research shares 3 key insights on this ~US$ 40 billion market from its latest research study”

1.   Radiography Systems Market has Seen Steady Growth after a Rise in Demand for Computed Tomography (CT) scans in 2020.

The Global Radiography Systems Market is expected to witness stable growth during the forecast period, owing to the increased need for High-Resolution CT (HRCT) scans in 2020 for the diagnosis of COVID-19 patients through chest scans. The global radiography system market was valued at ~US$ 25 billion in 2017, it is estimated to be ~US$ 30 billion in 2022 and is expected to reach a market size of ~US$ 40 billion by 2028 growing with a CAGR of ~5%. North America is the dominating region in the Global Radiography Systems Market, owing to the increased technological adoption of diagnostic techniques, extensive research initiatives, and regulatory science activities across the healthcare industry, especially in countries such as USA, and Canada.

2.   The Increasing Prevalence of Chronic Diseases, such as cancer, cardiovascular diseases, and Neurological Disorders is Major Growth Driver for the Global Radiographic Systems Market.

The growing geriatric population worldwide, who are more exposed to chronic and infectious diseases, including arthritis is propelling the demand for radiography systems. In addition, the increasing prevalence of cancer, cardiovascular diseases, and autoimmune diseases, such as type 1 diabetes, and nephrological diseases is increasing the use of imaging techniques in diagnostic testing. For instance, according to World Health Organization (WHO), a government agency of the United Nations, nearly 18 million people died from cardiovascular diseases (CVDs) worldwide in 2019, accounting for 32% of all global deaths, with more than three-quarters occurring in low-resource countries.

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3.   Higher Prices of Medical Imaging Tests and Limited Access to Critical Infrastructure are expected to Stifle Market Growth.

Radiology tests are relatively expensive due to the expense of film, as well as the need for expensive protective enclosures. The semiconductor detector, which measures both the intensity and the energy of incident radiation, has the highest energy resolution and the clearest image tendency. Hence, an X-ray machine with a semiconductor detector is likely to be more expensive.

For more information on the research report, refer to the below link:

Global Radiography Systems Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research

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3 Key Insights on ~US$ 450 Bn Opportunity in the Global Industrial Automation and Control Systems Market: Ken Research

Driven by Industry 4.0 and the quick transition of industries toward smart manufacturing have created enormous market prospects for the Global Industrial Automation and Control Systems Market which is forecasted to Cross ~US$ 450 Bn by 2028 says Ken Research Study.

Industrial automation uses technology and control systems, such as computers and robots, to complete activities that were previously completed manually. These solutions reduce the need for operator engagement and supervision by automating industrial equipment operations. Industrial automation control system solutions require smart devices for data gathering as well as secure infrastructures to enable communications and data transfers.

"Ken Research shares 3 key insights on this high-opportunity market from its latest research study."

1.  Growing Demand for Automation, And Cutting-Edge, Integrated Technology Are Expected to Propel Market Growth

The ongoing need to increase profitability drives manufacturers to seek technologies that can increase productivity while requiring minimal resources. Industrial automation in this situation acts as a driver for improved dependability and efficiency and improves return on investment (ROI). Industrial automation reduces production costs while raising output rate and quality through the use of cutting-edge, integrated technology. It advances automation by replacing human work with computer programming and automation tools, producing a performance that is more efficient than manual operation.

According to Ken Research estimates, the Global Industrial Automation and Control Systems Market – valued at around ~US$ 150 billion in 2017 and estimated to reach nearly ~US$ 250 billion by 2022 – is further expected to grow to around ~US$ 450 billion opportunity by 2028.

2.  The Demand for Automation and Industrial Controls Is Anticipated to Grow Due to The Increasing Need for Increased Productivity.

The increasing use of automation in industries is the primary driver of market growth for Industrial Automation and Control Systems. The market for industrial controls and factory automation is expanding as a result of an increasing demand to use higher technology equipment to achieve better results. Automation results in higher-quality products that are produced more economically, boosting the product's overall profitability margin. Energy can also be saved through automation. Furthermore, the demand for high yield and production, skills shortages, and increased emphasis on improving efficiency and accuracy to attain high yield and productivity are some of the other factors driving the growth of the factory automation & industrial controls market. The Asia Pacific is the largest region, such systems are increasingly being adopted in nations like India, Japan, China, and South Korea.

According to the International Federation of Robotics (IFR), in 2022 reported that with 243,300 installations in 2021, an increase of 44% from the year prior, the industrial robot’s market in China experienced significant growth.

3.  The Market Growth Could Be Hindered by The High Initial Cost of Setting Up Automation Control Units.

The worldwide factory automation & industrial controls market may be constrained by factors such as the high initial cost of installing factory automation & industrial controls systems and a lack of understanding regarding the quality of completed products produced employing automation. In addition to this, the market may be constrained by the scarcity of qualified individuals who can install automation and control processes.

Cost estimates for each collaborative robot system might be between ~US$3,000 and ~US$100,000. Prices for an industrial robotic system vary from ~US$ 15,000 to ~US$ 150,000, making them much more expensive.

For More Information, refer to below link:-

Industrial Automation and Control Systems Outlook

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3 Key Insights on Competitive Landscape in the Global Industrial Automation and Control Systems Market: Ken Research

Regional Players Dominate the Competition Comprising ~45% of Total Competitors Despite the Presence of about ~500 Competitors including Large Number of Country-Niche Players and Global Players, finds a recent market study on the Global Industrial Automation and Control Systems Market

Industrial automation uses technology and control systems, such as computers and robots, to complete activities that were previously completed manually. These solutions reduce the need for operator engagement and supervision by automating industrial equipment operations. Industrial automation control system solutions require smart devices for data gathering as well as secure infrastructures to enable communications and data transfers.

“Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.”

Global Players Constitute ~20% of the Total Number of Competitors, While Regional Players Dominate Representing ~45% of Total Competitors.

A comprehensive competitive analysis conducted during the Research Study found that the Global Industrial Automation and Control Systems Market is highly competitive with ~500 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in advancement in Industrial Automation and Control Systems solutions for multiple industries like Aerospace & Defense, Automotive, Chemical, Energy & Utilities, Food &Beverage, Healthcare, and Manufacturing. The majority of the global Industrial Automation and Control Systems solution companies, including Schneider Electric, Rockwell Automation, Inc., Honeywell International Inc., Emerson Electric co., ABB, Mitsubishi Electric Corporation, Siemens, Omron Corporation, Yokogawa Electric Corporation, and General Electric Co. maintained their leading positions in the forecast period.

The majority of the country’s players offer end-to-end solutions to the customer and industries to refining, manufacture cosmetics, pharmaceutical, and polishing. Country Niche players seeking to grow and diversify quickly.

The Ongoing Efforts Of Leading World Specialists To Provide Industrial Automation And Control Systems To Multiple Industries Is Likely to Boost the Market.

Detailed comparative analysis of key competitors available within the Research Study shows that specialists like Rockwell Automation are strongly focused on providing important Industrial Automation and Control Systems that can be used across multiple industries, including Aerospace & Defense, Automotive, Chemical, Healthcare, and Manufacturing, and many more. The market is very competitive, and in order to boost its reach, leading companies are employing aggressive techniques like joint ventures, technological partnerships, and mergers and acquisitions. Key market players are also anticipated to concentrate on cost-cutting, which would make it challenging for new entrants to enter the market. However, it is anticipated that market penetration would be achieved through creative entrepreneurs supported by venture capital funding. As both private and public sector enterprises come to the inevitable understanding that automation is essential to producing integrated and sustainable products and services needed by tech-savvy firms, innovation, productivity, and value are presumed to grow.

Emerson in October 2022 introduced DeltaVTM IO.CONNECT, a new subscription software service made to assist plants with modernization by providing an open architecture pathway that enables the transition to more efficient control schemes without completely overhauling current infrastructure. This can cut the labor need for a complete rip-and-replace update by hundreds or thousands of hours and by up to 40% in a typical plant with tens of thousands of I/O points and several controllers.

Government Programs Expansion to Support the Growth of the Industrial Automation and Control Systems Market Worldwide

• The People's Republic of China's 14th Five-Year Plan for National Economic and Social Development and Long-Range Objectives for 2035 was also approved by the National People's Congress (NPC) in March 2021. China's goal to enhance its core manufacturing capabilities, including high-end novel materials, smart manufacturing, and energy vehicles, is highlighted by the design.
• The Indian government aims for the manufacturing sector's share of the GDP to expand from 17% to 25% through 2022. Businesses will definitely need to adopt Industry 4.0 and other digital technologies to achieve the goal.

For More Information, refer to below link:-

Start-ups in Industrial Control Systems Manufacturing

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The Thailand Online Insurance Market is expected to grow more than THB 250 Mn owing to the implementation of Insurance Development Plan 4.0 policy of Digital Transformation: Ken Research

Key Findings

• The Thailand Online Insurance Market is anticipated to grow as a result of changing consumer lifestyles, rapid increase in urbanization, and the tech-savvy generation that are favoring online purchasing.

• Thailand’s current total insurance penetration is 5.5%, which is higher than the penetration in emerging markets like China (4.4%), India (4.1%), Indonesia (1.5%), Vietnam (3.3%), and the Philippines (1.7%). Increasing digital insurance users due to rise in internet penetration stands at 69.5% in 2021.

• The Government’s Policy of “Insurance Development Plan 4.0” aims to digitally transforming the country that will fuel the interest in how InsurTech will transform the country’s insurance industry.

Thailand Online Insurance Market Overview:

A shift to targeted Health Management: Thailand is one of the fastest-ageing countries in the world where the proportion of the population aged 60+ is projected to increase to 33% in 2040. Hence many old people are to issue insurance policies in future along with changes in the society like fast-growing middle class and health tech-savvy working population consumers create opportunities for multiple players to enter the market.

Future Technologies: The online shopping industry is always changing through new trends that will affect businesses in coming years with merchants creating and/or improving their online businesses. Technologies that will transform the Online Insurance Industry in Thailand include Predictive Analysis, Artificial Intelligence, Machine Learning, Internet of Things, InsurTech, Telematics, Chatbox, Lowcode and more where digital insurance offerings and a defined omnichannel approach to customer service is driving the pace of change in the insurance industry in Thailand. Insurance technology is poised to mature even more by 2022 that can scale and update with changing demands and capabilities of the consumers.

Online Insurance Sales: Online insurance sales may be relatively small compared to sales through agents/ brokers or bancassurance, but the online distribution channel is becoming an increasingly popular choice. It is expected that Thai’s would issue online insurance as it is more convenient issuing e-policies, e-claim payments, instant insurance issuance with minimal paperwork will boost the market in near future.

Analysts at Ken Research in their latest publication “Thailand Online Insurance Market Outlook to 2026F- Driven by digital disruption and rising awareness for financial planning along with sound government policies” by Ken Research observed that with the online insurance industry being at the nascent stage, the marketplace offers wide opportunities at affordable premiums as multiple players enter the market. The market is expected to grow @5.7% CAGR (2021-2026F) owing to the increase in smart phone penetration rate and increased consumer spending on different life and non-life insurance due to growing penetration of internet and smart phones and increasing safety measures for emergencies are driving the market in Thailand.

Key Segments Covered in the report

Thailand Online Insurance Market

• By Product Type

• Life Insurance
• Non-Life Insurance

• By Non-Life Insurance

• Health Insurance
• Motor Insurance
• Property insurance
• Others

• By Region

• Bangkok
• Songkhla
• Lamphun
• Others

• By Income

• Less than 40k
• More than 40k

• By Mode of Distribution

• Agents
• Aggregators
• Company Website

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Key Target Audience

• Insurance Industry
• Online Insurance Companies
• Policy Consultants
• Life and Non-Life Insurers
• Government Agencies
• Private Insurance Agents
• Insurance Brokers
• Market Research and Consulting Firms

Time Period Captured in the Report:

• Historical Period: 2016-2021
• Base year: 2021
• Forecast Period: 2022F-2026F

Thailand Online Insurance Market Companies Covered:

• Prudential Life Assurance
• Muang Thai Life Assurance
• Bangkok Life Assurance
• South East Life Insurance
• Ocean Life Insurance
• FWD Life Insurance
• Allianz Ayudhya Assurance
• SCB Insurance
• Manulife Insurance
• Krungthai AXA Life Insurance

Key Topics Covered in the Report

·         Executive Summary of Thailand Online Insurance Market

·         Thailand Country Overview

·         Thailand Insurance Sector Overview

·         Number of Online Insurance Companies in Thailand

·         Thailand Online Insurance Market Genesis and Overview

·         Major Challenges in Thailand Online Insurance Market

·         Comprehensive Analysis on Thailand Online Insurance Market (Market Size, 2016-2026F; Market Shares; Future Trends)

·         Industrial Analysis of Thailand Online Insurance Market

·         Government and Private Initiatives for Thailand Online Insurance Market

·         Technologies Shaping Thailand Online Insurance Market

·         Competitive Landscape in Thailand Online Insurance Market

·         Analyst Recommendations

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Global Online Life Insurance Industry Market Research Report

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Ankur Gupta, Head Marketing & Communications

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3 Key Insights on Competitive Landscape in Global IoT Microcontroller Market: Ken Research

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Despite the Presence of ~200 Competitors Comprising a Large Number of Country-Niche Players and Regional Players, ~40% of Market Revenue Share is Held by the Global Players; finds a recent market study on Global IoT Microcontroller Market by Ken Research

A microcontroller unit (MCU) is a small, self-contained computer that comprises a single integrated circuit, or microchip. IoT Microcontrollers are designed to perform specific functions and can be integrated into almost anything ranging from industrial equipment, warehouse inventory items, and wearables devices, to home appliances, and others.

Microcontrollers are used in a wide array of systems and devices. Devices often utilize multiple microcontrollers that work together within the device to handle their respective tasks.

Ken Research shares 3 key insights on IoT Microcontroller Market from its latest research study.

1. Country Niche Players Constitute ~50%, While Regional Companies Comprise ~35% in terms of the Total Number of Players

A comprehensive competitive analysis conducted during the Research Study found that the Global IoT Microcontroller Market is highly competitive with ~200 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in IoT technology for multiple end-user industries.

The major global companies Broadcom, Holtek Semiconductor Inc., Infineon Technologies, Microchip Technology Inc., Nuvoton Technology Corporation, NXP Semiconductors, STMicroelectronics, Renesas Electronics Corporation, Silicon Laboratories, and Texas Instruments Incorporated are expected to maintain their leading positions during the forecast period. The global players are more focused on R&D to develop new technology in IoT.

2. Ongoing Efforts to Provide IoT Solutions and Microcontroller Units to End-User Industries Are Driving Their Revenue Growth In This Market.

Detailed comparative analysis of key competitors available within the Research Study shows that several IoT Microcontroller providers are indulging in partnership, acquisition, and product launch to expand the IoT Microcontroller Market in various regions. Moreover, various companies are also investing in IoT technology from a growth perspective.

• In September 2021, NXP Semiconductor collaborated with MicroEJ, a company specializing in software enablement solutions for IoT and embedded devices, to provide the MICROEJ VEE on-device platform. The partnership enables the latter company to offer an integrated solution to enhance the former company's performance of i. MX RT500 Crossover MCUs for low-power applications such as wearables.
• In April 2021, Nuvoton Technology Corporation launched NuMicro M0A23/M0A21 series MCU. The MCU is suitable for automotive and industrial applications. The MCU offers analog and digital peripherals in SSOP20 TSSOP28 packages and is ideal for small form factor applications such as automotive lighting, battery management system, automotive body control, power applications, and automotive ultrasonic radar control.

3. Increased Government and Manufacturers’ Initiatives Promoted IoT Technology Growth and Development 

• In 2021, the Ministry of Electronics and Information Technology, Government of India approved Rs 436.87 Crores in the FutureSkill PRIME project to create an ecosystem to reskill and upskill upcoming technologies including IoT. The Government of India is also actively taking initiatives via the ‘Smart Cities Mission and ‘Digital India’ in IoT technologies and solutions to provide a sustainable future environment.
• The US government has taken initiative in 2020 to support emerging IoT companies through targeted investments in research and development (R&D). The US government invested US$ 140 billion in federally funded R&D programs across 300 government-owned, government-operated (GOGO) laboratories across the country.

 For more information on the research report, refer to the below link:-

Global IoT Microcontroller Market

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249