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According to a new market research report titled, ‘High-intensity Sweeteners Market by Product (Sucralose, Stevia, Aspartame, Acesulfame-K, Saccharin, Neotame, Others), Source (Natural, Artificial), Form (Solid, Liquid), Application (Beverages, Food, Pharmaceuticals, Others) – Global Forecast to 2029,’ the high-intensity sweeteners market is expected to grow at a CAGR of 5.3% from 2022–2029 to reach $4.20 billion by 2029.

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The increasing health consciousness among consumers and the rising demand for low-calorie food products are the major factors driving the growth of the high-intensity sweeteners market. Regular consumption of high-calorie sugar negatively impacts health leading to health issues such as diabetes, obesity, high blood pressure, and cardiovascular and liver diseases. These factors have influenced people to reduce sugar intake and adopt low-calorie sweeteners, such as stevia, monk fruit, sucralose, saccharin, and other high-intensity sweeteners.

The Impact of COVID-19 on the High-intensity Sweeteners Market

The outbreak of the COVID-19 pandemic reshaped everything from global economies to pricing, stock availability, and consumer behavior. Numerous countries worldwide declared emergencies and announced complete nationwide, statewide, or citywide lockdowns, halting all travel, transport, manufacturing, educational institutions, and non-essential trade to curb the spread of infection. These restrictions significantly impacted many industries, reducing manufacturing and distribution globally. The sweeteners industry faced significant disruptions in raw material supply due to the pandemic. In addition, imports and exports in many countries were restricted or delayed due to the outbreak of the COVID-19 pandemic creating numerous challenges for sweetener suppliers.

However, the COVID-19 pandemic led to the adoption of some best-practice models for the food industry as it highlighted the importance of hygienic and nutritious foods comprising reduced sugar, calories, and fats in the prevention of diseases. This industry faced unprecedented demand from consumers, particularly for low-calorie food products.

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According to an article published in August 2021 by the Massachusetts General Hospital, cutting down 20% of sugar from packaged foods and 40% from beverages could prevent 2.48 million cases of cardiovascular disease, 490,000 deaths related to cardiovascular disease, and 750,000 diabetes cases in the U.S. Therefore, many companies in the food industry have already started changing their strategies by replacing sugar with high-intensity sweeteners.

In addition, there is a rapid surge in demand for less sugary and immunity-boosting products as people seek solutions to boost overall health and wellbeing. The COVID-19 pandemic has also prompted most health-conscious customers to turn to low-calorie or sugar-free food products. Hence, the increasing health consciousness among consumers and high demand for sugar-reducing solutions have compelled manufacturers and product formulators to opt for high-intensity sweeteners.

According to an article published by Nutrition Outlook, the sales of dietary supplements increased during the pandemic due to their immune-boosting properties. During the last week of March 2020, the sales growth for overall dietary supplements skyrocketed to more than 35% in the U.S. Also, according to Glanbia plc., the purchase of dietary supplements in retail outlets increased significantly during April 2020.

The COVID-19 pandemic highlighted the importance of consuming nutritious foods with reduced sugar content, resulting in the increased demand for fortified foods and functional beverages loaded with low-calorie sweeteners and other healthy components globally. Also, food & beverages with zero/low-calorie sweeteners are experiencing a rapid surge in demand due to the increasing health awareness among consumers. According to Glanbia plc, the U.S. functional beverage market was valued at $48.4 billion in 2020 and is expected to grow at a CAGR of 6.6% between 2020 and 2025.

Thus, growing health and wellness concerns, strong demand for dietary supplements, and the surge in demand for sugar-free products are expected to propel the growth of the high-intensity sweeteners market.

The high-intensity sweeteners market is segmented based on product (sucralose, stevia, aspartame, acesulfame-k, neotame, saccharin, luo han guo [monk fruit], neotame, and other high-intensity sweeteners), source (natural and artificial), form (solid, liquid), application (beverages, food, nutrition and health supplements, pharmaceuticals, and other applications), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, in 2022, the sucralose segment is expected to account for the largest share of the high-intensity sweeteners market. The large share of this segment is attributed to the increasing application of sucralose in food & beverages and its benefits, such as prolonged shelf-life and low quantity required to achieve desired sweet taste. However, the stevia segment is expected to register the highest CAGR during the forecast period of 2022–2029. The growth of this segment is driven by the increasing number of new stevia-based product launches, rising demand for stevia application in the beverage industry, and increasing consumer preferences for reduced sugar and healthy products.

Based on source, in 2022, the artificial high-intensity sweeteners segment is expected to account for the largest share of the high-intensity sweeteners market. However, the natural high-intensity sweeteners segment is expected to register the highest CAGR during the forecast period of 2022–2029. The high growth of this segment is driven by factors such as the increasing awareness about the importance of consuming food products with natural ingredients, growing consumer preference for clean label and healthy products, and the increasing use of stevia and other natural sweeteners by leading food & beverage companies.

Based on form, in 2022, the solid segment is expected to account for the largest share of the high-intensity sweeteners market. The large market share of this segment is attributed to its wide availability and benefits such as ease of handling, transportation, and storage, better shelf-life, ease of use in various applications due to high mixability, and effective product formulation.

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Based on application, in 2022, the beverages segment is expected to account for the largest share of the high-intensity sweeteners market. The large share of this segment is attributed to factors such as the health benefits of high-intensity sweeteners in beverages, increasing number of product development and launches of high-intensity sweetener-based beverages, and rising demand for sugar-free beverages. Also, the increasing demand for natural health and sports drinks with enhanced nutritional value further boosts the growth of this segment. However, the food segment is expected to register the highest CAGR during the forecast period. The growth of this segment is driven by factors such as the increasing consumer preferences for healthy food and the increasing application of high-intensity sweeteners in different food products, including baked goods, confectionery, and savory snacks. In addition, the changing food consumption patterns and the rise of clean-label trends supports the growth of high-intensity sweeteners.

Based on geography, in 2022, North America is expected to hold the major share of the high-intensity sweeteners market. The major share of this regional market is attributed to factors such as the increasing obese and diabetic population, growing health and wellness concerns, a well-established food & beverage industry, and strong demand for sugar-free products in North America. However, Asia-Pacific is slated to register the highest CAGR during the forecast period of 2022–2029. The high market growth in Asia-Pacific is driven by the change in consumer lifestyles, the emerging trend of healthy food & food ingredients, the rising awareness about the health benefits of sugar-free products, the rising incidence of obesity & diabetes, and rapid urbanization.

The high-intensity sweeteners market has witnessed several new product launches, partnerships, agreements, and collaborations in recent years. The report includes an extensive assessment of the key strategic developments by leading market participants in the industry over the past four years (2019–2022).

The key players operating in the high-intensity sweeteners market are Tate & Lyle PLC (U.K.), Roquette Frères (France), Archer-Daniels-Midland Company (U.S.), Cargill, Incorporated (U.S.), Ingredion Incorporated (U.S.), JK Sucralose Inc. (China), Ajinomoto Co. (Japan), The NutraSweet Co. (U.S.), Südzucker AG (Germany), Guilin Layn Natural Ingredients Corp. (China), Zhucheng Haotian Pharm Co., Ltd. (China), HSWT France SAS (France), and STEVIALITE Holding (Colombia).

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Scope of the Report:

High-intensity Sweeteners Market, by Product

• Sucralose
• Stevia
• Aspartame
• Acesulfame-K
• Luo Han Guo (Monk Fruit)
• Saccharin
• Neotame
• Other High-intensity Sweeteners

High-intensity Sweeteners Market, by Source

• Natural
• Artificial

High-intensity Sweeteners Market, by Form

• Solid
• Liquid

High-intensity Sweeteners Market, by Application

• Beverages
• Food
• Nutrition and Health Supplements
• Pharmaceuticals
• Other Applications

High-intensity Sweeteners Market, by Geography

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • U.K
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• Latin America
• Middle East & Africa

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     Amidst this crisis, Meticulous Research^® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here- https://www.meticulousresearch.com/custom-research

 According to a new market research report titled, ‘Smart Manufacturing Market by Technology (Robotics, AI, IIoT, Cloud, AR/VR), Application (Machine Inspection, Energy; Quality, and Warehouse Management; Planning, Surveillance, Optimization), End-use Industry, and Geography—Global Forecast to 2029”, the smart manufacturing market is expected to grow at a CAGR of 21.5% from 2022–2029 to reach $446.24 billion by 2029.
              
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The growth of this market is attributed to the factors such as the increasing number of government initiatives to promote industrial automation, the rising number of investments in Industry 4.0, growing demand for safety regulation compliance, and high labor costs in developed economies.

In addition, the advent of 5G connectivity in smart manufacturing and the proliferation of smart manufacturing in developing countries are expected to offer lucrative growth opportunities for the growth of this market. However, the high capital and operating expenses and a lack of standardization for technology platforms are some of the major factors restraining the growth of this market.

Impact of COVID-19 on the Smart Manufacturing Market

The outbreak of the COVID-19 pandemic had unprecedented impacts on public health, disrupting industrial structures, halting supply chains, and accelerating social reforms globally. Although the macro challenges, such as disrupted supply chains, decentralized workforce, and the provision of safe and healthy employee workspaces, were different than in past recessions, market players had to deal with monumental market dynamics.

The spread of COVID-19 severely impacted the performance of several industries and economies globally. Governments were forced to shut down manufacturing plants and halted import-export operations. As a result, several industries stopped their ongoing production operations, which disrupted supply chains and affected the demand-supply balance.

The COVID-19 outbreak significantly influenced the manufacturing industry by reducing its dependency on manual labor and highlighted the importance of adopting advanced technologies, such as AI, machine learning, and IoT. Thus, there is increasing adoption of smart manufacturing technologies from various industries in their production processes. The adoption of smart manufacturing has resulted in improved productivity, higher quality, near-zero design error, energy efficiency, leaner process, flexibility in production scale, increased agility, improved predictability, and enhanced process monitoring. These benefits align with the requirement of the new dynamic protocols precedent by the COVID-19 pandemic, influencing the adoption of smart technologies, digital automation, and industrial IoT demand across the industry.

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Smart manufacturing improved companies’ productivity and optimized the workforce required for the same role. It also facilitated remote factory monitoring at greater efficiency irrespective of time and place constraints. It provided the much-required flexibility to the manufacturing units to change the product design and quickly adapt to new processes as per clients’ demands.

Furthermore, the digital twin technology drastically reduced the cost of designing products in a single go. It also offered benefits such as accelerated risk assessment and production time, improved OEE through reduced downtime and improved performance, reduced risks in areas such as product availability and marketplace reputation; new business opportunities through mass customization, mixed manufacturing, small-batch manufacturing, improved product quality and enhanced insights into the performance of products in multiple real-time applications and environments.

Thus, the COVID-19 pandemic positively impacted the smart manufacturing market. It is anticipated that this trend of smart technologies adoption will continue and grow during the forecasted period. 

The smart manufacturing market is segmented by technology (robotics & automation, artificial intelligence, industrial IoT, cloud computing & storage, digital twin, industrial cybersecurity, additive manufacturing, blockchain, AR/VR), application (machine inspection & maintenance, quality management, inventory & warehouse management, production planning, surveillance & safety, energy management, resource optimization), end-use industry (automotive, heavy machinery & tools, electronics & semiconductors, aerospace & defense, fast-moving consumer goods, medical devices, food & beverages, pharmaceuticals, paints & chemicals, oil & gas, metals & mining, energy & power, pulp & paper, others), and geography. The study also evaluates industry competitors and analyses the market at the country level.

Based on technology, the smart manufacturing market is segmented into industrial IoT, cloud computing & storage, robotics & automation, industrial cybersecurity, additive manufacturing, AR/VR, digital twin, artificial intelligence, and blockchain. In 2022, the industrial IoT segment is expected to account for the largest share of the smart manufacturing market. The large market share of this segment is attributed to factors such as the consistent declining cost of industrial IoT sensors, the significant rise in the overall equipment effectiveness (OEE) through industrial IoT usage, and the increasing government initiatives to promote digital transformation. However, the blockchain segment is slated to register the highest CAGR during the forecast period. The growth of this segment is driven by the increased demand for blockchain technology in the energy & power and industrial sectors, the increasing demand for real-time data analysis, and the rising need to enhance production with minimum maintenance, simplify business processes, and reduce downtime.

Based on application, the smart manufacturing market is segmented into surveillance & safety, quality management, resource optimization, inventory & warehouse management, machine inspection & maintenance, production planning, and energy management. In 2022, the surveillance & safety segment is expected to account for the largest share of the smart manufacturing market. The large market share of this segment is attributed to factors such as the growing requirement for reliable safety systems to ensure personnel and asset protection, the increasing need for video monitoring in manufacturing facilities, strict government mandates for safety regulations, and the rising need for real-time analysis and tracking. However, the inventory & warehouse management segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need for tracking the movement of goods, increasing manufacturing output due to the adoption of Industrial IoT (IIoT), the growing significance of forecasting models, and the rise in automation for minimizing human interaction.

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Based on end-use industry, the smart manufacturing market is segmented into automotive, heavy machinery & tools, electronics & semiconductors, aerospace & defense, fast-moving consumer goods, medical devices, food & beverages, pharmaceuticals, paints & chemicals, oil & gas, metals & mining, energy & power, pulp & paper, other (agriculture, prefabricated construction, etc.). In 2022, the automotive segment is expected to account for the largest share of the smart manufacturing market. The large market share of this segment is attributed to factors such as the growth of the automotive sectors post-COVID-19-pandemic, the rising number of investments by automotive manufacturers for automation and development of next-generation automobile warehouses, and the need to reduce costs & downtime in production lines. However, the pharmaceuticals segment is slated to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need to adopt cost-control measures in the healthcare sector, the adoption of digital technologies in medical device manufacturing operations, and the need to ensure the safety and security of the pharmaceutical supply chain.

Based on geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the smart manufacturing market. This region is also slated to register the highest growth rate during the forecast period. The high market growth in Asia-Pacific is driven by the increasing deployment of automation across manufacturing units, the rising number of government initiatives for the adoption of industrial robots, the advent of Industry 4.0, and the presence of prominent key players in the region.

The report also includes an extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past four years (2019–2022).

The smart manufacturing market is consolidated and dominated by a few major players, namely Amazon Web Services, Inc. (U.S.), Robert Bosch Manufacturing Solutions GmbH (Germany), Cisco Systems, Inc. (U.S.), 3D Systems Corporation (U.S.), Plex Systems, Inc. (U.S.), Cognex Corporation (U.S.), PTC Inc. (U.S.), FANUC CORPORATION (Japan), SAP SE (Germany), Mitsubishi Electric Automation, Inc. (U.S.), Emerson Electric Co. (U.S.), Siemens AG (Germany), Schneider Electric SE (France), ABB Ltd (Switzerland), Hitachi, Ltd. (Japan), and Intel Corporation (U.S.).

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Scope of the Report:

Smart Manufacturing Market, By Technology

• Industrial Internet of Things             
• Cloud Computing & Storage              
• Robotics & Automation
  • Robots          
  • Automated Storage and Retrieval Systems (ASRS) and Automatic Guided Vehicles (AGVS)       
  • Automated Assembly Lines      
  • Wearables & Mobile Devices     
• Industrial Cybersecurity     
• Additive Manufacturing      
• Augmented Reality (AR)/Virtual Reality (VR)   
• Digital Twin          
• Artificial Intelligence          
• Blockchain

Smart Manufacturing Market, By Application

• Surveillance & Safety         
• Quality Management          
• Resource Optimization      
• Inventory & Warehouse Management              
• Machine Inspection & Maintenance 
• Production Planning           
• Energy Management          

Smart Manufacturing Market, By End-Use Industry     

• Automotive
• Heavy Machinery & Tools
• Aerospace & Defense
• Metals & Mining
• Electronics & Semiconductors
• Medical Devices
• Food & Beverage
• Pharmaceuticals
• Oil & Gas
• Fast-Moving Consumer Goods (FMCG)
• Paints & Chemicals
• Energy & Power
• Pulp & Paper
• Other End-Use Industries (Agriculture and Prefabricated Construction)

Smart Manufacturing Market, By Geography

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Rest Of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia-Pacific
• Latin America
• Middle East & Africa

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According to a new market research report titled, ‘Mealworms Market by Product Type (Whole Mealworm, Mealworm Powder, Mealworm Meal), Application (Animal Feed, Aquafeed, Pet Food, Food & Beverages), End Use (Animal Nutrition, Human Consumption)—Global Forecast to 2030,’ in terms of value, the mealworms market is expected to reach $1.27 billion by 2030, at a CAGR of 25.8% during the forecast period 2022–2030. In terms of volume, the mealworms market is expected to grow at a CAGR of 28.6% from 2022–2030 to reach 367,491.7 tons by 2030.

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The high demand for insect feed in emerging economies is expected to increase the number of investments by insect producers in such countries. Major market players are expanding in this market. For instance, in 2021, a France-based mealworm manufacturer, Ynsect, partnered with a food research center in South Korea, Lotte Research & Development Centre, to conduct joint research to develop alternative proteins from mealworms. Additionally, Ynsect also announced its plans to expand its human and animal nutrition businesses in Japan.

Impact of COVID-19 on the Mealworms Market

The COVID-19 pandemic significantly impacted the food sector, negatively affecting meat producers worldwide. The meat products sector faced several challenges, such as the risk of continuing production, distribution, transportation; lack of workforce; supply chain disruptions, and delays in development activities. These factors impacted the meat products sector, driving the demand for alternative proteins, such as insect protein products (mealworm proteins).

In May 2020, Wuhan’s municipal government banned breeding, hunting, and consuming wild animals for five years to prevent zoonotic diseases. This is expected to trigger restrictions on the consumption of certain animals and related products in some cities in East Asian countries, increasing the shortage of meat products and accelerating the demand for alternative substitutes, such as edible insects and plant-based products.

Moreover, increasing health & wellness trends and rising health awareness, such as the risk of viral infections, cardiovascular diseases, liver diseases, bone disorders, and the increased risk of certain types of cancers associated with the long-term use of animal proteins, have created the traction for sustainable protein sources such as mealworms. To capture this traction in the edible insect industry, many vendors are focusing on enhancing their production capacities, processes, and end products.

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In May 2020, Beta Hatch, a U.S.-based insect rearing technology company, received $3 million in a Series A1 funding round from Cavallo Ventures, Wilbur-Ellis’ venture capital arm; and early-stage venture firm–Innova Memphis. The round also included Klein Private Equity Investment and Brighton Jones Investment Partners investments. Moreover, in December 2020, the company raised $9.3 million to build a mealworm facility in North America.

Thus, the rising preference for alternative proteins over animal proteins due to the COVID-19 outbreak has significantly driven the growth of the mealworms market.

The mealworms market is segmented based on product type, application, end use, and geography.

Based on product type, the mealworms market is segmented into whole mealworm, mealworm meal, mealworm powder, and others. In 2022, the whole mealworm segment is expected to account for the largest share of the overall mealworms market. The large share of this segment is attributed to the growing preference for whole mealworms by food & feed manufacturers for further processing due to their easy availability and cost-effectiveness.

Based on application, the mealworms market is segmented into animal feed, aquafeed, pet food, food & beverages, and other applications. In 2022, the animal feed segment is estimated to account for the largest share of the overall mealworms market. The growth of this segment is driven by the wide availability of mealworm products for use in animal feed, growing usage of mealworm-based products by feed manufacturers, and the high nutritional value of mealworms in animal nutrition. Mealworms are rich in amino acids, minerals, fats, vitamins, and energy. They have the potential to be a valuable feed source for poultry, aquaculture, and pets. However, the food & beverages segment is slated to register the highest CAGR during the forecast period of 2022–2030. The rapid growth of this segment is driven by the rising awareness about the importance of nutrition, growing usage of protein supplements due to the health benefits of daily protein intake, and increased incorporation of mealworms in bakery products and snacks.

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Based on end use, the mealworms market is segmented into animal nutrition, human consumption, and other end uses. In 2022, the animal nutrition segment is estimated to account for the largest share of the overall mealworms market. The growth of this segment is driven by factors such as the increasing animal population, rapidly growing pet expenditure, increasing customer willingness to provide high-quality food to their pets, lower price of insect-based feed compared to other types of animal feed, and the growing demand for insect protein in the pet food industry.

Based on geography, the mealworms market is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Europe is expected to account for the largest share of the overall mealworms market. The large market share of this region is attributed to factors such as the presence of key mealworm manufacturers, increasing demand for alternative protein sources, high demand for protein-rich food & feed, the increasing number of government approvals for mealworms to be used in human, animal, and pet food applications; and the presence of supportive policies for insect farming.

However, North America is slated to register the highest CAGR during the forecast period of 2022 to 2030. The rapid growth of this market is driven by the growing demand for environment-friendly protein-rich food. In addition, the growing awareness of insects-as-food, decreasing food neophobia, and the altering attitudes of consumers towards insects as food products are expected to create significant opportunities for the growth of the mealworms market.

Key Players

Some of the key players operating in the overall mealworms market are Protix B.V. (Netherlands), Ÿnsect SAS (France), BETA HATCH (U.S.), Armstrong Crickets Georgia (U.S.), TEBRIO (Formerly MealFood Europe SL) (Spain), Tebrito AB (Sweden), Entec Nutrition (U.K.), Invertapro AS (Norway), Keil Co., Ltd (South Korea), EntoBreed Farming BV (Netherlands), and Goterra (Australia).

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Scope of the Report:

Mealworms Market, by Product Type

• Whole Mealworm
• Mealworm Meal
• Mealworm Powder
• Other Mealworm Products

 Mealworms Market, by Application

• Animal Feed
• Aquafeed
• Pet Food
• Food & Beverages
• Other Applications

Mealworms Market, by End Use

• Animal Nutrition
• Human Consumption
• Other End Uses

Mealworms Market, by Geography

• Europe
  • Netherlands
  • Belgium
  • France
  • Denmark
  • Finland
  • Germany
  • Rest of Europe
• North America
  • U.S.
  • Canada
• Asia-Pacific
  • Thailand
  • China
  • South Korea
  • Vietnam
  • Malaysia
  • Rest of Asia-pacific
• Latin America
• Middle East & Africa

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 According to a new market research report titled, ‘Insect Protein Market by Product (Whole Insect, Insect Powder, Insect Meal), Insect Type (Crickets, Black Soldier Fly, Mealworms), Application (Animal Feed, Protein Bar and Shakes, Bakery, Confectionery, Beverages), and Geography—Forecast to 2030,’  in terms of value, the insect protein market is expected to record a CAGR of 28.4% from 2022–2030 to reach $9.46 billion by 2030. However, in terms of volume, the insect protein market is expected to record a CAGR of 31.5% from 2022–2030 to reach 3,028,468.3 tonnes by 2030.

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The current food production needs to be doubled to fulfill the growing population’s food requirements. This effort would require finding environment-friendly and sustainable food production methods and food sources with high nutritional content. Hence, insect proteins could be a great solution due to their high nutritional values.

Impact of COVID-19 on the Insect Protein Market

The COVID-19 pandemic created numerous challenges for the food sector, especially meat products manufacturers across the globe. The meat products manufacturing industry has faced major challenges, such as the risk of continuing production, distribution, transportation, and other supply chain activities, limited workforce, and delays in product development. The rescheduling of private investment financing and public funding initiatives further restricted the development of the food sector. These factors are expected to impact the meat products industry, driving the demand for alternative protein sources, such as insect proteins.

The U.S. Department of Agriculture announced that between March and April 2020, the volume of frozen pork in storage declined by 4%, and slaughter rates dropped by 25%. However, many news sources have commented that it is still too early to declare a food crisis. Some economists predict that consumers will have significantly fewer options for meat and protein. All these factors could create such a snowball effect around the globe. As insects contain high quantities of protein, vitamins, and minerals, they could fill the gap left by U.S. meat producers during the COVID-19 crisis.

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The insect protein market is segmented based on product (whole insect, insect powder, insect meal), insect type (crickets, mealworms, black soldier flies, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other insect proteins), application (food & beverages and feed), end use (human consumption and animal nutrition), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on the product, in 2022, the whole insects segment is expected to account for the largest share of the insect protein market. The easy availability and the lower cost of whole insects compared to processed insects is one of the major drivers fueling its demand in the market. Furthermore, the lack of insect processing facilities in some parts of the world and the growing demand for insects in the animal feed industry drives the growth of this segment. However, the insect powder segment is expected to grow at the highest CAGR during the forecast period of 2020–2030. Increasing health & wellness trends, the rising number of health clubs & fitness centers serving insect powder, the emergence of several start-ups producing insect protein bars & shakes, and busy lifestyles demanding highly nutritious & convenient foods, such as insect powder are some of the major drivers for the growth of this segment.

Based on insect type, in 2022, the crickets segment is estimated to account for the largest share of the insect protein market. The growth of the crickets segment is attributed to the higher incorporation of crickets into various food recipes and products, high nutritional value and ease of farming & processing of crickets, and the rising demand for cricket-based food products such as protein powders, protein bars, and snacks. However, the black soldier flies segment is estimated to witness significant growth during the forecast period of 2020–2030. The growth of this segment is attributed to the rising demand for alternative proteins from the animal feed industry due to the rising prices of fish and soy meal, the growing aquaculture industry, the rising number of government approvals for the use of insect meal in livestock feed, and the increasing number of investments by major players in the black soldier fly industry.

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Based on application,  in 2022, the food & beverages segment is expected to account for the largest share of the insect protein market. The segment is also expected to grow at the highest CAGR during the forecast period of 2020–2030. The growth of this segment is driven by the growing food shortage worldwide, the increasing consumption of processed whole insects as food, and the rising demand for high-quality alternative protein and amino acid sources among end users.

Based on end use, in 2022, the human consumption segment is expected to account for the largest share of the insect protein market. The large share of this segment is attributed to the rising demand for insect-based foods from the growing global population, the high nutritional value of insects, and the growing demand for environment-friendly alternative sources of protein.

Based on geography, the insect protein market is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the insect protein market. The market growth in Asia-Pacific is attributed to factors such as the well-established commercial farming market for insects, especially in Thailand; the wide availability of various insects coupled with huge production; the positive attitude towards insects as food & feed in Southeast Asia; the absence of regulatory barriers to using insects as food & feed; and the presence of key market players in the region. However, North America is slated to register the highest CAGR during the forecast period. The increasing demand for insect protein foods in the region is attributed to the growing demand for environment-friendly protein-rich food. In addition, the increasing familiarity with insects as food, decreasing food neophobia, and altering attitudes towards insects, both in general and as food, are the key factors driving the growth of the insect protein market in North America.

Key Players

The key players operating in the global insect protein market include Ÿnsect (SAS) (France), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Entomo Farms (Canada), Hargol FoodTech (Israel), Aspire Food Group (U.S.), All Things Bugs LLC (U.S.), Beta Hatch (U.S.), EntoCube OY (Finland), Armstrong Crickets Georgia (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), BioflyTech (Spain), TEBRIO (Spain), nextProtein (France), Hexafly (Ireland), HiProMine S.A. (Poland), and Protenga Pte. Ltd. (Singapore).

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Scope of the Report:

Insect Protein Market, by Product

• Whole Insects
• Insect Powder
• Insect Meal

Insect Protein Market, by Insect Type

• Crickets
• Black Soldier Flies
• Mealworms
• Buffalo Worms
• Grasshoppers
• Ants
• Silkworms
• Cicadas
• Other Insect proteins

Insect Protein Market, by Application

• Food & Beverages
  • Processed Whole Insect
  • Processed Insect Powder
  • Protein Bars & Protein Shakes
  • Baked Product & Snacks
  • Insect Confectioneries
  • Insect Beverages
  • Other Food & Beverage Applications
• Feed
  • Animal Feed
  • Aquaculture Feed
  • Pet Food

Insect Protein Market, by End Use

• Human Consumption
• Animal Nutrition

Insect Protein Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Netherlands
  • Belgium
  • France
  • Denmark
  • Finland
  • Germany
  • Rest of Europe (RoE)
• Asia-Pacific (APAC)
  • Thailand
  • China
  • South Korea
  • Vietnam
  • Rest of APAC (RoAPAC)
• Latin America
• Middle East & Africa

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According to a new market research report titled, ‘Smart Factory Market by Component, Technology, and End-use Industry (Automotive, Heavy Machinery & Tools, Aerospace & Defense, Metals & Mining, Electronics & Semiconductors, and Other End-use Industries)—Global Forecast to 2029’, the global smart factory market is projected to reach $262.2 billion by 2029, at a CAGR of 21.3% from 2022 to 2029.

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A smart factory is a digitized manufacturing facility that uses connected devices, machinery, and production systems to continuously collect and share data. It is a factory where physical production processes and operations are combined with digital technology, smart computing, and big data to create a more opportunistic system for companies that focus on manufacturing and supply chain management.

Smart factory solutions are increasingly gaining traction due to their increasing adoption across various industries, including automotive, heavy machinery & tools, aerospace & defense, metals & mining, electronics & semiconductors, medical devices, and food & beverage. The growth of the global smart factory market is driven by the surge in demand for smart and connected solutions across industry verticals, increasing investments in industry 4.0, and the increasing adoption of robots in the manufacturing sector. However, high capital and operating expenses are notable restraints for the market growth.

The implementation of smart factory solutions in developing countries and the increasing developments in wireless sensor networks and their adoption in smart factories are expected to offer significant growth opportunities for the players operating in this market. However, vulnerability to cyberattacks and the rising data sensitivity & security concerns pose serious challenges to the growth of the smart factory market.

Impact of COVID-19 on the Smart Factory Market

The COVID-19 outbreak significantly influenced the manufacturing industry by exposing its dependency on manual labor and highlighted the importance of adopting advanced technologies such as AI, machine learning, and IoT to implement smart factories. Thus, there is an increasing demand for smart factory solutions in production processes from various industries. The implementation of smart factory solutions is highly regarded to drive improved productivity, higher production quality, near-zero design errors, enhanced energy efficiency, leaner process, flexibility in production scale, increased agility, improved predictability, and enhanced process monitoring in warehouses. These benefits align with the requirement of the new dynamic protocols, which influence the adoption of smart technologies to develop smart factories, digital automation solutions, and industrial IoT solutions across different industry verticals. Smart manufacturing improves companies’ productivity and optimizes the workforce. It also offers remote factory monitoring functionalities at greater efficiency, irrespective of time and place constraints.

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During the pandemic, many leading smart factory solution providers put in efforts to develop new technologies to automate manufacturing processes at different levels. For instance, in 2021, Mitsubishi Electric Corporation (Japan), along with the National Institute of Advanced Industrial Science and Technology (AIST) (Japan,) developed an AI technology that predicts changes during automated manufacturing processes and then makes real-time adjustments in the factory-automation (FA) equipment, such as motion, speeds, etc., during manufacturing operations. Such developments are expected to fuel the growth of the global smart factory market over the coming years.

The global smart factory market is segmented by component (solutions, services), technology (Industrial Internet of Things (IIoT), cloud computing & storage, robotics & automation (robots, automated storage and retrieval systems and automatic guided vehicles, automated assembly lines, wearables & mobile devices), industrial cybersecurity, additive manufacturing, augmented reality/virtual reality, digital twin, artificial intelligence, blockchain, and other technologies (modern databases & modern ERP systems)), and end-use industry (automotive, heavy machinery & tools, aerospace & defense, metals & mining, electronics & semiconductors, medical devices, food & beverage, pharmaceuticals, oil & gas, fast-moving consumer goods, paints & chemicals, energy & power, pulp & paper, other end-use industries (agriculture and prefabricated construction)). The study also evaluates industry competitors and analyses the regional and country-level markets.

Based on component, the global smart factory market is segmented into solutions and services. In 2022, the solutions segment is expected to account for the largest share of the global smart factory market. The large share of this segment is attributed to the increasing proliferation of smart factory solutions in discrete manufacturing, the increasing need to automate factory production with smart factory software, the rising popularity of connected factory solutions, and the growing demand to analyze productivity and efficiency in factories. This segment is also projected to register the highest CAGR over the forecast period.

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Based on technology, the smart factory market is segmented into industrial Internet of Things (IIoT), cloud computing & storage, robotics & automation, industrial cybersecurity, additive manufacturing, augmented reality/virtual reality, digital twin, artificial intelligence, blockchain, and other technologies. In 2022, the industrial IoT segment is expected to account for the largest share of the smart factory market. The large market share of this segment is attributed to the growing need to improve the performance and productivity of industrial processes, the consistently declining cost of industrial IoT sensors, and the growing investments to interconnect equipment to upgrade the existing factories to smart factories. However, the blockchain technology segment is projected to register the highest CAGR during the forecast period. The growth of this segment is driven by the rising proliferation of blockchain technology in the energy & power and industrial sectors, the surge in demand for real-time data analysis, and the growing need to enhance production with minimum maintenance, simplified business processes, and reduced downtime.

Based on end-use industry, the global smart factory market is segmented into automotive, heavy machinery & tools, aerospace & defense, metals & mining, electronics & semiconductors, medical devices, food & beverage, pharmaceuticals, oil & gas, fast-moving consumer goods, paints & chemicals, energy & power, pulp & paper, and other end-use industries. In 2022, the automotive segment is expected to account for the largest share of the global smart factory market. The large market share of this segment is attributed to the increasing emphasis on developing next-generation automobile production facilities and warehouses, the rising need to reduce costs & downtime in automotive production lines, and the increasing need for IoT & connected devices in the automotive industry. However, the pharmaceuticals and medical device manufacturing segment is slated to register the highest CAGR during the forecast period. The growth of this segment is driven by the growing need to adopt cost-control measures in the healthcare sector, the growing adoption of digital technologies in medical device manufacturing operations, and the increasing need to ensure the safety and security of the supply chain.

Based on geography, the global smart factory market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, the Asia-Pacific region is expected to account for the largest share of the global smart factory market. The large share of this market is attributed to the increasing adoption of smart manufacturing solutions in the region, the increasing adoption of industrial robots and Industry 4.0 solutions, the rising adoption of cloud-based smart manufacturing solutions, the growing presence of well-established market players operating in the region, and the increasing popularity for IIoT & connected systems among regional automotive industries. This region is also slated to register the highest CAGR over the forecast period.

The key players operating in the global smart factory market are ABB Ltd (Switzerland), Emerson Electric Co. (U.S.), General Electric (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric SE (France), Siemens AG (Germany), Mitsubishi Electric Corp. (Japan), Honeywell International Inc. (U.S.), Yokogawa Electric Corporation (Japan), Endress+Hauser Group Services AG (Switzerland), SAP SE (Germany), Oracle Corporation (U.S.), IBM Corporation (U.S.), Cisco Systems, Inc. (U.S.), Microsoft Corporation (U.S.), and Ubisense Ltd. (U.K.).

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According to a new market research report titled, ‘Insect Protein Market by Product (Whole Insect, Insect Powder, Insect Meal), Insect Type (Crickets, Black Soldier Fly, Mealworms), Application (Animal Feed, Protein Bar and Shakes, Bakery, Confectionery, Beverages), and Geography—Forecast to 2030,’  in terms of value, the insect protein market is expected to record a CAGR of 28.4% from 2022–2030 to reach $9.46 billion by 2030. However, in terms of volume, the insect protein market is expected to record a CAGR of 31.5% from 2022–2030 to reach 3,028,468.3 tonnes by 2030.

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The current food production needs to be doubled to fulfill the growing population’s food requirements. This effort would require finding environment-friendly and sustainable food production methods and food sources with high nutritional content. Hence, insect proteins could be a great solution due to their high nutritional values.

Impact of COVID-19 on the Insect Protein Market

The COVID-19 pandemic created numerous challenges for the food sector, especially meat products manufacturers across the globe. The meat products manufacturing industry has faced major challenges, such as the risk of continuing production, distribution, transportation, and other supply chain activities, limited workforce, and delays in product development. The rescheduling of private investment financing and public funding initiatives further restricted the development of the food sector. These factors are expected to impact the meat products industry, driving the demand for alternative protein sources, such as insect proteins.

The U.S. Department of Agriculture announced that between March and April 2020, the volume of frozen pork in storage declined by 4%, and slaughter rates dropped by 25%. However, many news sources have commented that it is still too early to declare a food crisis. Some economists predict that consumers will have significantly fewer options for meat and protein. All these factors could create such a snowball effect around the globe. As insects contain high quantities of protein, vitamins, and minerals, they could fill the gap left by U.S. meat producers during the COVID-19 crisis.

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The insect protein market is segmented based on product (whole insect, insect powder, insect meal), insect type (crickets, mealworms, black soldier flies, buffalo worms, grasshoppers, ants, silkworms, cicadas, and other insect proteins), application (food & beverages and feed), end use (human consumption and animal nutrition), and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on the product, in 2022, the whole insects segment is expected to account for the largest share of the insect protein market. The easy availability and the lower cost of whole insects compared to processed insects is one of the major drivers fueling its demand in the market. Furthermore, the lack of insect processing facilities in some parts of the world and the growing demand for insects in the animal feed industry drives the growth of this segment. However, the insect powder segment is expected to grow at the highest CAGR during the forecast period of 2020–2030. Increasing health & wellness trends, the rising number of health clubs & fitness centers serving insect powder, the emergence of several start-ups producing insect protein bars & shakes, and busy lifestyles demanding highly nutritious & convenient foods, such as insect powder are some of the major drivers for the growth of this segment.

Based on insect type, in 2022, the crickets segment is estimated to account for the largest share of the insect protein market. The growth of the crickets segment is attributed to the higher incorporation of crickets into various food recipes and products, high nutritional value and ease of farming & processing of crickets, and the rising demand for cricket-based food products such as protein powders, protein bars, and snacks. However, the black soldier flies segment is estimated to witness significant growth during the forecast period of 2020–2030. The growth of this segment is attributed to the rising demand for alternative proteins from the animal feed industry due to the rising prices of fish and soy meal, the growing aquaculture industry, the rising number of government approvals for the use of insect meal in livestock feed, and the increasing number of investments by major players in the black soldier fly industry.

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Based on application,  in 2022, the food & beverages segment is expected to account for the largest share of the insect protein market. The segment is also expected to grow at the highest CAGR during the forecast period of 2020–2030. The growth of this segment is driven by the growing food shortage worldwide, the increasing consumption of processed whole insects as food, and the rising demand for high-quality alternative protein and amino acid sources among end users.

Based on end use, in 2022, the human consumption segment is expected to account for the largest share of the insect protein market. The large share of this segment is attributed to the rising demand for insect-based foods from the growing global population, the high nutritional value of insects, and the growing demand for environment-friendly alternative sources of protein.

Based on geography, the insect protein market is segmented into five major geographies: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the insect protein market. The market growth in Asia-Pacific is attributed to factors such as the well-established commercial farming market for insects, especially in Thailand; the wide availability of various insects coupled with huge production; the positive attitude towards insects as food & feed in Southeast Asia; the absence of regulatory barriers to using insects as food & feed; and the presence of key market players in the region. However, North America is slated to register the highest CAGR during the forecast period. The increasing demand for insect protein foods in the region is attributed to the growing demand for environment-friendly protein-rich food. In addition, the increasing familiarity with insects as food, decreasing food neophobia, and altering attitudes towards insects, both in general and as food, are the key factors driving the growth of the insect protein market in North America.

Key Players

The key players operating in the global insect protein market include Ÿnsect (SAS) (France), Protix B.V. (Netherlands), Enterra Feed Corporation (Canada), InnovaFeed (France), EnviroFlight, LLC (U.S.), Nutrition Technologies Group (Singapore), Entomo Farms (Canada), Hargol FoodTech (Israel), Aspire Food Group (U.S.), All Things Bugs LLC (U.S.), Beta Hatch (U.S.), EntoCube OY (Finland), Armstrong Crickets Georgia (U.S.), Global Bugs Asia Co., Ltd (Thailand), JR Unique Foods (Thailand), Cricket Lab Limited (U.K.), BioflyTech (Spain), TEBRIO (Spain), nextProtein (France), Hexafly (Ireland), HiProMine S.A. (Poland), and Protenga Pte. Ltd. (Singapore).

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According to a new market research report titled, “RFID Market by Component (Hardware (Printers, Antenna, Readers, Labels, Card, Tags, Implant), Software), Frequency (Ultra-high Frequency), Type (Active, Passive), End-user (Transportation & Logistics, Retail), and Geography – Global Forecasts to 2029,” the global RFID market is expected to grow at a CAGR of 9.7% from 2022 – 2029 to reach $31.4 billion by 2029.

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The growth of this market is attributed to the growing government initiatives for the use of RFID technology, the rise in the utilization of RFID solutions in the retail sector, and the increasing installation of RFID solutions in the transportation, healthcare, and manufacturing sectors. In addition, the rising adoption of RFID tags in the smart manufacturing industry for asset management and quality control is expected to offer significant growth opportunities for the growth of this market. Also, the increasing use of RFID technology in industrial IoT and the e-commerce sector is a new market trend. However, high capital expenditure for deploying RFID restrains the growth of this market up to a certain extent.

Impact of COVID-19 on the RFID Market

The RFID market witnessed significant growth due to the COVID-19 pandemic with the increasing installation of RFID systems in manufacturing units. In the healthcare industry, RFID solutions were used to better manage patient and employee safety during the pandemic. The RFID technology is used in the healthcare sector to track medical equipment and other valuable medical devices to locate the equipment present on the hospital premise. The market witnessed relatively high growth impacting the operations of the various RFID companies. The adoption of RFID technology helped the retail sector attain greater supply chain visibility.

Both government and private sector organizations started undertaking initiatives to keep people safe and combat the spread of COVID-19. The scenario created tremendous demand for RIFD technologies in the healthcare sector due to their capacity to be easily integrated with various healthcare devices & platforms to monitor and track equipment and support staff & patient workflows. Increased investments in the healthcare sector have also contributed to the growing demand for RFID technologies.

Post COVID-19, several companies have started using sensor-based RFID technology systems to monitor environmental conditions, enhance inventory management for omnichannel commerce, track assets in real-time, and improve the supply chain. For instance, in 2022, TrackCore, Inc. (U.S.) implemented 500th Terso Solutions with RFID-enabled technology to provide real-time inventory information in healthcare. In 2022, Equinix, Inc. (U.S.) collaborated with SML Group. (China) to enable efficient supply chain and inventory management for retailers by providing high-performance RFID tags and encoding services to the company. Also, in 2021, Tageos (France) launched the EOS-202 U9 RAIN RFID inlay for healthcare and pharmaceutical applications to track and trace pharmaceutical items.

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The global RFID market is segmented based on component (hardware (RFID printers/recorders, RFID antenna, RFID readers (handheld and fixed scanners), RFID labels, RFID card & badges, RFID tags, RFID implant, RFID key fob, RFID band), software), frequency (low frequency, high frequency, and ultra-high frequency (UHF)), type (active RFID and passive RFID), end user (retail, BFSI, government, manufacturing, healthcare, agriculture, sports & entertainment, aerospace & defense, transportation & logistics, consumer products, and other end-users), and geography. The study also evaluates industry competitors and analyses the market at the country level.

Based on component, the RFID market is segmented into hardware and solutions. In 2022, the hardware segment is expected to account for the largest share of the overall RFID market and is expected to grow at the highest CAGR during the forecast period. The growth of the segment is attributed to the surge in the installation of RFID systems in manufacturing units and the growing demand for RFID labels, implants, and readers for asset tracking, counting, and inventory management, among others.

Based on frequency, the RFID market is segmented into low frequency, high frequency, and ultra-high frequency. In 2022, the ultra-high frequency segment is expected to account for the largest share of the overall RFID market and is also expected to grow at the highest CAGR during the forecast period. The growth of the segment is attributed to the rising need for high-range RFID and the rising adoption of UHF tags in various applications, including asset counting, supply chain management, and vehicle tagging.

Based on type, the RFID market is segmented into active RFID and passive RFID. In 2022, the passive RFID segment is expected to account for the largest share of the overall RFID market and is also expected to grow at the highest CAGR during the forecast period. The segment’s growth is attributed to the increasing demand for inexpensive, smaller, and easier use of RFID in the manufacturing industry for tracking goods, increasing adoption of RAIN RFID frequency, and the growing need to improve production efficiency in pharmaceuticals retail and supply chain among others.

Based on end user, the RFID market is segmented into retail BFSI, government, manufacturing, healthcare, agriculture, sports & entertainment, aerospace and defense, transportation & logistics, consumer products, and other end-users. In 2022, the transportation & logistics segment is expected to account for the largest share of the overall RFID market and is also expected to grow at the highest CAGR during the forecast period. This is mainly attributed to the increasing demand for supply chain management and shipment tracking applications, growing adoption of tracking systems by logistics organizations, rising need to enhance customer experience, and improving delivery systems’ speed and accuracy in the transportation & logistics sector.

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Based on geography, the market is broadly segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to account for the largest share of the overall RFID market. This is mainly attributed to the rapid incorporation of RFID technology, increasing government initiatives to enhance AIDC technologies, the rapid expansion of industry 4.0 and digital transformation across end-users, and increasing installation of RFID systems in manufacturing units for enhanced and cost-saving asset tracking systems.

The report also includes an extensive assessment of the key strategic developments adopted by the leading market participants in the industry over the past four years (2019–2022). The RFID market has witnessed several partnerships & agreements in recent years that enabled companies to broaden their product portfolios, advance the capabilities of existing products, and gain cost leadership in the RFID market. For instance, in 2022, Datascan (U.S.) launched RFID solutions with Frequentiel (France) to provide enhanced inventory management in the retail market. Also, in 2021, Identiv, Inc. (U.S.) partnered with True Green Group (Australia) to accelerate radio frequency identification (RFID) and near field communication (NFC) technology for digitizing cannabis products and smart packaging.

Some of the key players operating in the global RFID market are HID Global Corporation (U.S.) (Assa Abloy AB), Avery Dennison Corporation (U.S.), Zebra Technologies Corporation (U.S.), GAO RFID Inc. (Canada), Honeywell International, Inc. (U.S.), Identiv, Inc. (U.S.), Impinj, Inc. (U.S.), Invengo Technology Pte. Ltd. (Singapore), NXP Semiconductors N.V. (Netherlands), Alien Technology, LLC. (U.S.), Nedap N.V. (Netherlands), William Frick & Company (U.S.), SML Group. (China), Datalogic S.p.A. (Italy), CAEN RFID S.r.l. (Italy), Jadak (U.S.), TSC Auto ID Technology Co. Ltd. (Taiwan), Seagull Scientific, Inc. (U.S.), Bluebird, Inc. (South Korea), and Unitech Electronics Co. Ltd. (Taiwan).

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According to a new market research report titled, ‘Europe EV Charging Stations Market by Charging Type (Level 1, Level 2, DCFC), Connection Type (Pantograph, Connector, Wireless), Component, Mounting Type, Vehicle Type, End User, and Geography – Forecast to 2029,’ the European electric vehicle charging stations market is expected to grow at a CAGR of 34.7% by value from 2022 to reach $61.73 billion by 2029. By volume, this market is expected to grow at a CAGR of 37.8% from 2022 to reach 6,458.8 thousand units by 2029.

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Electric vehicle charging stations are sites where one or more EVSEs are installed. These sites can be residential or commercial. These stations supply electricity to EVs to charge their batteries and feature electrical conductors, related equipment, software, and communications protocols that deliver energy efficiently and safely to the vehicles.

Major factors driving the growth of the European electric vehicle charging stations market are government initiatives to promote the adoption of electric vehicles and develop the associated infrastructure, the rising demand for electric vehicle fast-charging infrastructure, the growing prevalence of range anxiety among EV users, and the increasing deployment of EVs by shared mobility operators. Moreover, factors such as increasing R&D in V2G technology and the growing deployment of charging stations by retail MNCs are expected to create growth opportunities for the players operating in this market.

The European electric vehicle charging stations market is segmented based on charging type, connection type, vehicle type, mounting type, component, end user, and geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on charging type, the Level 2 segment is expected to account for the largest share of the European electric vehicle charging stations market in 2022. The large share of this segment is mainly attributed to increasing government funding and incentives for installing Level 2 charging stations, lower installation costs of Level 2 charging stations compared to DC fast-charging stations, and growing government initiatives for installing fast-charging stations across Europe.

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Based on connection type, the connector segment is expected to account for the largest share of the European electric vehicle charging stations market in 2022. The large share of this segment is mainly attributed to increasing collaborations between electric vehicle charging station providers and utility companies & fuel station operators to deploy charging stations for electric vehicles and increasing collaborations between governments and automakers to expand the DC fast-charging station infrastructure in the region.

Based on component, the hardware segment is expected to account for the largest share of the European electric vehicle charging stations market in 2022. The large share of this segment is mainly attributed to the growing infrastructural development in Europe for supporting the transition to electric mobility, the increasing demand for EV charging stations for long-range travel, and attractive fiscal & non-fiscal incentives for setting up units for manufacturing EV charging stations and related components.

Based on mounting type, the wall mount segment is expected to account for the largest share of the European electric vehicle charging stations market in 2022. The large share of this segment is mainly attributed to the ease of installing wall-mounted chargers and various fiscal and non-fiscal incentives for private property owners and management companies for deploying EV charging infrastructure.

Based on vehicle type, the passenger cars segment is expected to account for the largest share of the European electric vehicle charging stations market in 2022. The large share of this segment is mainly attributed to increasing government policies and subsidies promoting the adoption of electric vehicles, growing awareness regarding the role of electric vehicles in reducing emissions, increasing fuel prices, and growing initiatives by automotive OEMs to increase their presence in the electric mobility space.

Based on end user, the commercial segment is expected to account for the largest share of the European electric vehicle charging stations market in 2022. The large share of this segment is mainly attributed to increasing government initiatives across Europe in the form of incentives, tax credits, and subsidies for the deployment of EV charging stations at commercial sites. Moreover, this segment is also expected to register the higher CAGR during the forecast period.

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Geographically, in 2022, Germany is expected to account for the largest share of the European electric vehicle charging stations market both by value and volume. The large share of this market is mainly attributed to rising government investments in purchasing electric buses, the rapid development of charging infrastructure, and incentives for buyers of electric vehicles. For instance, as of 2021, there are ~35,000 charging points available for EV users in Germany seeking public loading facilities and workplace or home charging stations (Source: BCG). 

Germany is considered one of the countries that have boosted the adoption of EVs globally. As per the 2030 Climate Action Programme passed in October 2019, the German government planned to have up to 10 million EVs and 1 million charging stations on German roads by 2030. According to Germany’s Federal Ministry of Economics and Energy, as of 2020, nearly 18,385 charging stations were open to the public in Germany. According to the German government’s ‘Master Plan for Charging Infrastructure,’ an additional 50,000 public charging points are to be built over the next two years, with a long-term goal of one million charging points by 2030.

The U.K. is expected to account for the second-largest share of the European electric vehicle charging stations market by value in 2022. The growth of this market is mainly driven by increasing government investments and incentives for the development of charging infrastructure in the country, the growing incorporation of electric buses in public transport fleets, and focused government efforts to make central London and town centers across the U.K. zero-emission zones by 2025.

Some of the key players operating in the European electric vehicle charging stations market are Webasto Group (Germany), EVBox Group (Netherlands), BP p.l.c. (U.K.), Royal Dutch Shell PLC (Netherlands), Connected Kerb Limited (U.K.), Électricité de France (France), Fastned B.V. (Netherlands), Route220 S.r.l. (Italy), Compleo Charging Solutions AG (Germany), and GreenWay Holding S.A (Slovakia).

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According to a new market research report titled, “Industrial Automation Software Market by Product (SCADA, DCS, MES, HMI, PLC, IT and Software Environment Integration Solutions, Production Process Test Systems), Deployment Type, End User, and Geography – Global Forecast to 2029”, the industrial automation software market is expected to register a CAGR of 7.4% from 2022 to 2029 to reach $59.5 billion by 2029.

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An increase in demand for automation for qualitative & reliable manufacturing, the growing need for mass production with reduced operation costs, and the emergence of Industry 4.0 & enabling technologies are the key factors driving the growth of the global industrial automation software market. The emerging automation-driven industries in developing countries provide significant growth opportunities for players operating in this market.

The Impact of COVID-19 on the Global Industrial Automation Software Market

The outbreak of the COVID-19 pandemic has led to a widespread economic downturn as several countries imposed strict lockdowns to contain the infection. These lockdowns have affected diverse industries, primarily due to the impact on manufacturing operations. There has been a significant impact on supply chains globally. Manufacturing & processing companies faced huge losses in the first and second quarters of 2020 due to disrupted supply chains and delayed production schedules. The rapid spread of the coronavirus in the U.S., Europe, and Asian countries resulted in nationwide lockdowns and a temporary halting of production facilities to prevent further spread.

The COVID-19 pandemic led to the downsizing of various businesses and negatively impacted the growth of the industrial automation software market. Various small- and medium-sized enterprises cannot afford the large investment needed for deploying automation for processes.

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Based on product, the global industrial automation software market is segmented into supervisory control and data acquisition (SCADA), distributed control system (DCS), manufacturing execution system (MES), human machine interface (HMI), programmable logic controller (PLC), IT & software environment integration solutions, production process test systems, automated material handling systems, coordinated data management systems, and automatic storage & retrieval systems. In 2022, the supervisory control and data acquisition (SCADA) segment is expected to account for the largest share of the industrial automation software market. SCADA controls and monitors automation processes that are important for data analysis and takes decisions for optimization. In addition, the rising demand for industrial automation solutions among organizations is expected to boost the growth of the segment. However, the human machine interface (HMI) segment is expected to grow at the highest CAGR during the forecast period.

Based on deployment type, the global industrial automation software market is segmented into on-premise and cloud-based. In 2022, the on-premise segment is expected to account for the largest share of the industrial automation software market. Industries run on-premise servers to gain full control over security. However, the cloud-based segment is expected to grow at the highest CAGR during the forecast period.

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Based on end user, the global industrial automation software market is segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2022, the oil & gas segment is expected to account for the largest share of the industrial automation software market. Some of the major areas highly influenced by automation in the oil & gas sector include drilling operations, diagnostics & inspections, pipeline monitoring systems, weather monitoring systems, and pressure & flow systems. Drilling is one of the major areas that require automation due to its high costs and safety risks.

However, the chemicals & materials segment is expected to grow at the highest CAGR during the forecast period due to the increasing implementation of IoT and process automation solutions. The chemical industry is witnessing intense global competition and low product differentiation, making cost control necessary. In such an environment, automation solutions offer dual benefits of innovation in the areas that matter to consumers and improved cost efficiency throughout optimized production. The chemicals & materials industry also needs to control raw material & energy costs, which can be achieved using IIoT and automation technologies, which is further expected to create opportunities for the market’s growth.

Based on geography, the global industrial automation software market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to hold the largest share of the industrial automation market, followed by Europe and North America. Government initiatives and policies supporting the digitization of manufacturing plants and investments in the IIoT are major factors boosting the adoption of industrial automation software in the region.

Some of the key players operating in the global industrial automation software market are Emerson Electric Co. (U.S.), ABB Ltd (Sweden), Siemens AG (Germany), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Rockwell Automation Inc. (U.S.), HCL Technologies Ltd.(India), Parsec Automation Corporation (U.S.), SAP SE (Germany), Tata Consultancy Services Limited (India), Hitachi, Ltd. (Japan), OMRON Corporation (Japan), Aegis Industrial Software Corporation (U.S.) and IBM Corporation (U.S.).

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Disinfection robots are machines that are programmed to perform the task of disinfection in some degree of autonomy. They have the capability to disinfect a whole room in a short period of time, using either ultraviolet light or spraying a chemical disinfectant. The disinfection robots have evolved out of the need to prevent and reduce the spread of healthcare-associated infections (HAIs). Further, the outbreak of the COVID-19 pandemic has further boosted the demand for disinfection robots due to their ability to autonomously disinfect the surfaces efficiently without incurring additional labor costs.

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In its latest publication on the disinfectant robots market, Meticulous Research^®, states that the global disinfectant robots market is expected to grow at a CAGR of 30.1% from 2021 to 2028 to reach $2.79 billion. To provide efficient analysis, Meticulous Research^® has segmented this market based on Type (UV Light, Disinfectant Sprayer, Combined System), Technology (Autonomous, Semi-Autonomous), End User (Hospital, Transportation, Hospitality, Industries), and Geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on the type, the ultraviolet light disinfection robots segment is estimated to account for largest share of this market in 2021. They are widely used due to the rapid spread of the COVID-19 pandemic, increasing awareness about the spread of hospital-acquired infections, and the efficacy of UV-C irradiation to disinfect surfaces.

Based on the technology, fully autonomous disinfection robots segment is estimated to account for the largest share of this market in 2021. This can be attributed to its advantages, such as the lower requirement for human interaction and greater efficiency to disinfect.

Based on end users, the hospitals segment is estimated to account for the largest share of this market in 2021. This is majorly because of factors such as the high prevalence of healthcare-acquired infections along with their high economic burden, rising healthcare spending, increasing awareness about the advantages of disinfection robots, and increased adoption as a protective measure against COVID-19

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In 2021, Europe dominated the global disinfection robots market. The largest market share of this region is primarily attributed to numerous government initiatives to adopt disinfection robots as a preventative measure against the COVID-19 pandemic. In addition, the advancements in Artificial Intelligence (AI) and robotics in healthcare are anticipated to augment the growth of the disinfection robot market in Europe.

The key players profiled in the global disinfection robots market are SESTO Robotics Pte. Ltd. (Singapore), UVD Robots (Denmark), PDI, Inc. (U.S.), Xenex Disinfection Services Inc. (U.S.), Nevoa Inc. (U.S.), Badger Technologies LLC (U.S.), Skytron, LLC (U.S.), Omron Corporation (Japan), Fetch Robotics, Inc. (U.S.), Finsen Technologies Ltd (U.K.), Taimi Robotics Technology Co. Ltd (China), Akara Robotics Ltd. (Ireland), Siemens AG (Germany), and Milagrow Business & Knowledge Solutions (Pvt.) Limited (India).

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