As The Bulk Material Handling System Develops, Demand In North America Will Also Rise.

As per Future Market Insights (FMI) analysis, the bulk material handling system market revenue is expected to reach US$ 5.1 Bn in 2021. The incorporation of remote user connectivity and interface in equipment and the use of telematics-based services by original equipment manufacturers (OEMs) will drive the market, yielding a year-on-year growth of 2.10% in 2021.

Construction and mining industries are major adopters of bulk material handling systems with demand-driven activities such as ore extraction, crushing, grinding, site-cleaning, demolishing, decommissioning and others. Moreover, continuous migration, growing urbanization, and high-value infrastructure projects with the healthy investment drive the growth of the bulk material handling market.

The global sales of bulk material handling systems are forecast to grow from 13,000 units in 2021 to over 14,000 units by the end of 2031. FMI projects moderate growth for the bulk material handling system market at an overall compound annual growth rate (CAGR) of 2% between 2021 and 2031.

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Key Takeaways of Bulk Material Handling Systems Market Study

  • Key players focus on the expansion of footprint in developing countries, which also involves moving new products into new markets such as the Middle East, China and India where the construction industry registered double-digit growth in the past decade.
  • As per the recent trend in the mining industry in the Americas and the Asia Pacific, the demand for bulk material handling systems is expected to be from open or surface pit mining especially for coal and ferrous mining.
  • Since the rental and leasing service is a strong aspect of the bulk material handling systems market, many players have incorporated rental services as a business segment while directly selling bulk material handling systems.
  • Band conveyors and stackers have been identified as the most recognizable bulk material handling systems as they are capable of accomplishing various tasks such as stockpiling and transportation, particularly in packaging and manufacturing end-use industries.

“Rental services play a pivotal role in the bulk material handling systems market, as these equipment are capital intensive. Hence, to gain profits in this market, players can focus on offering rental and leasing services while also directly selling bulk material handling systems,” says an FMI analyst.

Bulk Material Handling Systems: Competition Scenario

The bulk material handling systems market is assessed to be a fragmented market, where market players such as Hitachi Construction Machinery Co., Thyssenkrupp, Kawasaki Heavy Industries, Ltd., Liebherr Group, and Sumitomo Heavy Industries are estimated to maintain their dominance in the market throughout the forecast period and have strong order inflow.

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Brief Synopsis

The increasing exploration and production (E&P) activities in oil & gas and mining industries coupled with burgeoning demand from the construction industry as a result of growing infrastructural projects are expected to lead to high volume orders of bulk material handling systems in the global market.

Increasing awareness of benefits and the resulting demand for automated bulk material handling systems is anticipated to reflect optimistically on the market growth rate of conveyors and stackers.

Though E&P activities in Europe are recovering, the region is projected to foresee healthy growth, attributable to the promising dynamics in the rest of the end-use industries that deploy bulk material handling systems, such as packaging and manufacturing.

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Growth Of The North American Synchronous Condenser Market Is Attributed To The Heavy Presence Of Leading Market Players

The global synchronous condenser market reached about US$ 1.01 Bn in 2022 with an annual growth rate of 7.9%. However, due to increasing synchronous condenser adoption across a range of end-use industries, it is anticipated that the market as a whole will grow at a healthy CAGR of 8.2% between 2022 and 2029, reaching a total valuation of US$ 1.76 Bn by that year.

Due to synchronous condensers’ capacity to reduce energy loss during transmission and maintain the stability of electrical power systems, their demand has increased significantly over the past few years. Around 17% of the global automotive condenser market in 2020 came from the synchronous condenser market.

In terms of region, North America will continue to be the most lucrative market for synchronous condensers in 2022, with a significant share of 24.8%. The expansion of the renewable energy sector, the heavy presence of major market players, and supportive government policies are all factors in the growth of the North American synchronous condenser market.

But given the speed of technological development and the rise in HVDC projects, it is expected that the South Asian synchronous condenser market will expand more quickly over the course of the assessment period.

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Future Market Insights foresees a comparison and review analysis of the Synchronous Condenser Market’s dynamics, which are primarily influenced by a number of industry-specific factors as well as a few definite influences regarding viewpoints that foster industry innovation. The synchronous condenser market is expanding due to the quick development of technology and the rise in HVDC projects.

The difference between the BPS values observed in the Synchronous Condenser Market in H1, 2022 – Outlook over H1, 2022 Projected, according to FMI analysis, represents a decline of 73 units. The market, however, is anticipated to decline by 44 BPS in H1 -2022 compared to H1, 2021. The primary market restraint is the high synchronous condenser equipment and maintenance costs.

However, some of the key factors propelling the growth of the synchronous condenser market include power factor correction, expansion of the high-voltage direct current (HVDC) network, advancements in condenser technology, and a gradual shift towards renewable energy sources.

Factors Determine the Growth of the Synchronous Condenser Market

“Paradigm Shift towards Renewable & Sustainable Energy Resources Facilitating Synchronous Condensers Market Growth”

Governments all over the world are searching for alternative energy sources to help meet their energy needs while also reducing environmental pollution levels due to growing concerns about the alarming rate of depletion of fossil fuels. As a result, infrastructure for renewable energy sources like solar and wind power plants has been expanded.

However, these power plants frequently experience issues with supplying the grid with high-quality power and maintaining voltage stability. Synchronous condensers are being installed in these power plants more frequently as a solution to this problem, allowing for stable operations and maintaining voltage stability in the presence of weakened grids. The market for synchronous condensers is being stimulated by this.

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The growth of the synchronous condenser market is further supported by rising government investments in creating new HVDC networks, and the trend is anticipated to last throughout the forecast period. Countries are launching numerous new HVDC projects to enable the supply of electricity to their citizens. For instance, India’s Prime Minister Narendra Modi officially opened the Pugalur-Thrissur HVDC project in 2021.

On electrical power transmission networks, synchronous condensers assist in adjusting reactive power. Future prospects for the global synchronous condenser market are expected to be bright due to the growing use of synchronous condensers in HVDC systems.

Making the U.S. A Lucrative Market for Synchronous Condensers

“Rapid Growth of Renewable Energy Power Industry Fueling Growth in U.S.”

Due to the nation’s rapid industrialization, the depletion of fossil fuels, and the growing use of electric vehicles, the demand for renewable energy has significantly increased over the past few years in the U.S. The United States generated approximately 63,194.0 GWh of renewable electricity overall in 2019, according to the International Renewable Energy Agency (IRENA).

The American government is making investments to increase the capacity of renewable energy production. For instance, the U.S. Agency for International Development (USAID) and the Inter-American Development Bank (IDB) announced in 2021 that they would be investing US$ 6.5 million in the development of a new solar power plant at the Caracol Industrial Park. The synchronous condenser market now has lucrative growth opportunities thanks to this.

The expansion of the mining sector and the presence of major market players are also anticipated to help the U.S. synchronous condenser market grow even more.

According to the aforementioned factors, North America will account for 24.8% of the global market in 2022, with the United States as its leader.

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Growth Unfold in the China Synchronous Condenser Market

“Expansion of HVDC Network Spurring Sales of Synchronous Condensers in China”

According to FMI, China will maintain its dominance over the synchronous condenser market in South Asia due to the country’s favourable political climate, expanding number of HVDC projects, and quick technological advancements.

China has developed into a leader in HVDC transmission systems on a global scale. The nation offers a favourable environment for major producers of synchronous condensers like ABB.

Sales of synchronous condensers are expected to increase due to the electrical industry’s rapid expansion and the expansion of HVDC transmission networks. In 2022, South Asia, led by China, is expected to account for 17.2% of the global market.

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Industrial Vacuum Cleaners Market In The US Is Growing As A Result Of The Presence Of Sizable Production Facilities And Robust Industrial Sectors

Market analysts predict that the industrial vacuum cleaners market will grow from US$ 569.1 million in 2022 to US$ 944.81 million in 2032. Over the course of the anticipated period, the market is anticipated to grow at a CAGR of 5.2%, according to FMI.

The demand for industrial vacuum cleaners is rising as end-user companies show an increased interest in hygiene, health, and safety. Additionally, a clean workplace increases employee productivity, and industrial settings have unique cleaning challenges, both of which increase the demand for industrial vacuum cleaners.

Growing global concern about occupational safety and health, combined with stringent regulations to ensure the same, are the two critical factors likely to drive industrial vacuum cleaner sales in the coming years. Although the global industrial vacuum cleaners market is expected to grow at a steady rate of around 5.1 percent in 2019, it is predicted that after 2023.

The global industrial vacuum cleaners market will experience a sharp decline due to rising overall procurement expenditure due to import tariff duties on raw materials.In terms of volume sales, approximately 90,800 units are likely to be shipped in 2019, representing a relatively moderate CAGR during 2022–2028—the timeline considered in the scope of the study.

In 2022, it is anticipated that the heavy-duty application segment will hold over 55.5% of the global market share.

The most profitable industrial vacuum cleaners are used in heavy-duty applications, particularly in the food, beverage, and pharmaceutical industries. As a result of the requirement for increased fuel efficiency and stricter pollution restrictions, sales of industrial vacuum cleaners are predicted to increase significantly during the forecast period.

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While the food and beverage and pharmaceutical industries will remain the two prominent large-scale end-users of industrial vacuum cleaners, demand in the construction, metalworking, and automotive industries will also grow at a significant rate in the coming years. Applications of industrial vacuum cleaners in the automotive segment are estimated to grow owing to strong demand from the Asia-Pacific region, as per the report.

Increase Demand

Several workplace regulations demand the installation of industrial vacuum cleaners for a variety of applications—ranging from heavy blast materials, grain handling, pit cleaning, to combustible dust collection. The demand for industrial vacuum cleaners is anticipated to increase given that most deaths and injuries occur in confined work spaces during cleaning, maintenance, and inspection procedures, as recorded by the Occupational Health and Safety Administration (OSHA). In addition, in compliance with grades of dust classes, companies in the industrial vacuum cleaner landscape are manufacturing products with higher suction capabilities and improved filter designs.

APEJ Will Provide Installation Opportunities

  • Several industrial vacuum cleaner manufacturers are focusing on developing innovative products—in terms of capacity and capability. Ranging from super-sized robot industrial vacuum cleaners for airports, equipped with large-capacity canisters along with multi-brushes and motors, to “smarter” variants having cameras and obstacle-detecting sensitive bumpers and sensors using LIDAR (Light Detection and Ranging) and Simultaneous Localization and Mapping (SLAM) technology for effective location tracking—such advancements are predicted to increase the adoption of industrial vacuum cleaners in the coming years.
  • The adoption rate of industrial vacuum cleaners is anticipated to remain promising in emerging markets of APEJ, considering the shifting of production sites to low-cost facilities. APEJ will remain the most preferred centre for global companies to set up manufacturing facilities, which translates into the faster replacement of manual cleaning equipment. GCC countries, on the other hand, are projected to restrict dependence on oil by equipping the cleaning equipment with IoT sensors.

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Insights from Segmental Analysis

  • According to the current market scenario, canister-type industrial vacuum cleaners will dominate the landscape, accounting for approximately 55% of the market.Better manoeuvrability combined with superior capacity and efficiency compared to upright and backpacks makes canister-type industrial vacuum cleaners extremely versatile and capable of cleaning numerous surfaces. However, FMI foresees growing demand for the other two variants, specifically in smaller work areas.
  • Although electric industrial vacuum cleaners will dominate in terms of value and volume sales, accounting for approximately 78 percent of the market, the pneumatic mode type is expected to represent a promising demand landscape in the coming years, owing to its simpler designs and higher efficiency compared to electric variants.
  • Portable industrial vacuum cleaners, by system type, will remain at the forefront due to their suitability in tight spaces versus stationary systems.
  • The application of industrial vacuum cleaners for heavy-duty cleaning processes will generate maximum revenue, specifically in extensive food and beverage and pharmaceutical applications. The explosion-proof segment is estimated to capture around one-third of the total market value by 2028.

Competitive Landscape Analysis:

In a nutshell, the key focus remains on consolidation efforts in the highly competitive industrial vacuum cleaner market, as small and medium-sized manufacturers dominate the landscape.

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Variable Frequency Drive (VFD) Market Analysis and Market Studies for 2031 | Future Market Insights

In a new study, Future Market Insights (FMI), market research and consulting firm with ESOMAR certification, provides information about the major factors influencing demand for variable frequency drives. The report examines the effects that COVID-19 has had on the electronics industry in general and variable frequency drives in particular. It also tracks the global sales of variable-frequency drives in 20+ high-growth markets.

Capital Projects are Providing Stimulus to Variable Frequency Drive Manufacturers

Regular capital investments are essential for boosting economic growth because they promote urbanisation. The Global Infrastructure Outlook from Oxford Economics predicts that by 2040, infrastructure spending will likely total US$ 94 trillion, or US$ 3.7 trillion per person annually. Asia accounts for 54% of all investment needs out of the total global investment requirements. As a result, manufacturers are anticipated to make more inroads throughout the area.

Such expanding capital infrastructure projects have increased energy costs due to a sharp rise in power and electricity consumption. This has prompted the creation of machinery intended to reduce such high energy consumption, thus opening the door for increased VFD sales across the board. Applications are widespread in the HVAC industry.

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Additionally, variable frequency drives are being used in the mining, irrigation, and oil and gas industries. VFDs assist in regulating the speeds of motor-driven pumps and pumping systems, which are heavily used in production, distribution, and applications in the first case. Similarly, these support the latter’s high speed and control across excavators and conveyors.

“Industrie 4.0” to Usher in Significant Disruptions

Industry 4.0 is integrating variable frequency drives more and more, especially in critical environments and the industrial internet of things (IIot). Variable speed drives with embedded logic as well as onboard programmable logic controllers are becoming more and more common as factories embrace automation.

The IIoT gains from the use of VFDs include improved remote access. Workers receive alerts more quickly, enabling technicians to quickly fix anomalies. Technicians can remotely monitor project and equipment conditions. Real-time monitoring and predictive maintenance are also made possible.

Leading manufacturers are stepping up research and development to distribute smart VFDs in response to these developments. As an illustration, consider Applied Machine & Motion Control (AMMC), which sells the J1000 and V1000 collections of Yaskawa Microdrives, respectively. Such events are anticipated to accelerate the growth of the VFD market.

Variable Frequency Drives Demand: Manufacturing Revival

Countries are very optimistic about a potential revival of manufacturing industries as the world recovers from the COVID-19 pandemic crisis. Despite the perceived threat of a second infection wave, industrial growth prospects are likely to remain unaffected because industry 4.0 has become increasingly important since last year.

Opportunities are anticipated to be exceptionally strong throughout the Asian continent, with ASEAN, Japan, and India expected to recover significantly more quickly than other regions. The International Monetary Fund’s data shows that growth has increased since Q4 2020, opening the door for greater market penetration by VFD vendors.

Variable Frequency Drives Market in the United States

With more than 75% of the global market share in 2021, the United States is expected to remain very profitable.The market in the region benefits from the presence of important OEMs as a growth catalyst. Additionally, strong growth prospects for the production of electronics, such as wafers, chips, and power modules,

The market is also fueled by numerous applications throughout the oil and gas sector. ABB is a significant participant in this area. ABB medium voltage drives are built to last in the most extreme conditions for use in chemical, oil, and gas applications. The ACS 1000 (315 kW–5 MW), ACS 2000 (250–1,600 kW), and ACS 5000 (2–32 MW) are a few of the products in its portfolio.

According to Future Market Insights’ forecasts, the oil and gas sector will probably account for close to a quarter of the market’s overall revenue. As of 2019, it produced 34 trillion cubic feet of natural gas and extracted 4.46 billion barrels of crude oil, both records. The American market is expected to grow in volume at a rate of over 6%.

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Competitive Landscape

The global and regional players who offer products at competitive prices dominate the highly competitive market for variable frequency drives. While tier-1 players hold nearly half of the global market share, tier-2 players generate more than three-fifths of the revenue.

Strong partnerships across the value chain define the market’s robustness, along with a large supplier base and robust B2B networks. Variable frequency drive suppliers use acquisition and regional expansion strategies to build a solid foundation. It is difficult for new entrants in the market for variable frequency drives because of brand awareness and aggressive marketing.

Some of the leading companies operating in the market are:

  • ABB Ltd
  • Siemens AG
  • Danfoss A/S
  • Rockwell Automation
  • Power Conversion by GE Energy
  • Toshiba International Corporation
  • Schneider Electric
  • Mitsubishi Electric Corporation
  • Honeywell International, Inc.
  • Emerson Industrial Automation
  • Fuji Electric Co., Ltd.
  • Johnson Controls, Inc.,
  • Eaton PLC
  • Hitachi Ltd.

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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Facility Management Services Market Future Analysis, Demand by Regions and Opportunities with Challenges 2032

The facility management services market is anticipated to grow from US$ 42.2 billion in 2021 to US$ 76.3 billion in 2026, with a CAGR of 12.6% during the forecast period.

The demand for cloud-based facility management solutions and a rise in the demand for facility management systems integrated with intelligent software are two factors that are likely to accelerate the adoption of facility management services.

Key Contributors to the Facility Management Services Market

A safe and secure way to host facilities management software is through cloud-based solutions. By improving security and communication among teams and subsidiaries dispersed across numerous locations, they help businesses lower operational costs.

The benefits of cloud-based facilities management solutions include safe hosting of sensitive data, improved security and scalability, and quick disaster recovery. Businesses can quickly access critical server data because the backups are kept on a public or private cloud hosting platform. Data can be accessed from any location that has a dependable internet connection thanks to secure logins.

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Customer satisfaction is increased and repair and maintenance costs are decreased thanks to cloud-based facilities management systems. As a result, there has been a rise in the adoption of cloud-based solutions for integrating facility management services, which is anticipated to fuel market growth.

Factors Limiting the Growth of the Facility Management Services Market

Facilities management offers benefits that organisations aren’t fully aware of. The problem is a result of inadequate adoption of necessary technology and knowledge. Many businesses are still using cloud computing technologies, but they have not yet developed an IoT ecosystem.

Additionally, their transition from conventional to contemporary workplace designs is still in its infancy. Businesses are unaware of the new options available even though facilities management is a crucial part of operations.

Because of this, it has been challenging for businesses to give their facilities management department equal weight without endangering their core operations.

Lack of consistency is another problem that arises, especially in operations with many buildings. To ensure access and security when issues arise, quick action is crucial.

Competitive Landscape of the Facility Management Services Market

The market for facility management services is highly competitive. One of the main tactics used by players is to invest in new technology for the creation of software. In addition, players use mergers and acquisitions as part of their inorganic growth strategy.

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Recent Developments in Facility Management Services Market
  • Oracle teamed with Propre Japan Inc. in May 2020. Oracle Japan will assist Propre Japan Inc. in developing Propre’s real estate big data platform, which will be available in 17 countries across the world. Oracle’s client base would grow as a result of this agreement.
  • Koch Industries, Inc. announced in April 2020 that it has finalised the purchase of the remaining share of Infor from Golden Gate Capital. Koch was a prominent client, integrating Infor solutions throughout its companies in areas including enterprise resource planning, human resources, supply chain, asset management, and finance, in addition to being an Infor investment since 2017.
  • Trimble was bought by MRI Software in April 2021. Manhattan Real Estate and Workplace Solutions were acquired by MRI Software from Trimble.
  • Fortive purchased ServiceChannel in July 2021. ServiceChannel is a prominent provider of multi-site software as a service (SaaS). Along with Accruent and Gordian, it increased Fortive’s portfolio of Facility and Asset Lifecycle workflow solutions.

Key Segments

By Type:
  • Outsourced
  • In-house
By Service:
  • Hard Service
    • Electrical
    • Civil
    • Mechanical
    • Specialized Hard Services
    • Others Hard Services
  • Soft Service
    • Cleaning
    • Laundry
    • Landscaping
    • Security
    • Others Soft Services
  • Management Service
    • Contract Management
    • Energy & Utilities
    • Maintenance Planning & Control
    • Others Management Service
By Application:
  • Government & Public Sector
  • Industrial
  • Commercial
  • Education
  • Transportation
  • Healthcare
  • Others
By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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By 2032, Market For Telescopic Masts Is Expected To Reach $603.1.1 Million – FMI

Global sales in the telescopic masts market are projected to be valued at over US$ 374.0.8 Mn in 2022, expanding at a 4.9% CAGR over the forecast period.

According to Future Market Insights (FMI), increasing usage of telescopic masts in the military sector is driving the market. Military vehicles are equipped with small portable telescopic or pneumatic masts for effective surveillance, which is expected to augment the growth in the market. The increasing development of innovative technologies by manufacturers is boosting sales of pneumatic telescopic masts, thereby fueling sales in the global telescopic masts.

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Pneumatic telescopic masts are used with the help of air pressure and erect faster than conventional or mechanical telescopic masts, which makes them more popular among end users.

The growing requirement for telescopic masts from commercial, military, security, municipal and others sector is anticipated to bolster demand in the telescopic masts market over the forecast period.

“Increasing investments in the military sector across the globe, along with increasing adoption of pneumatic and motorized telescopic masts will continue driving sales in the market over the forecast period,” says the FMI analyst.

Key Takeaways:

    • By end-use, the military sector is forecast to hold over 39% of the total market share in terms of volume in 2022.
    • Based on product type, sales in the push-up telescopic masts segment are expected to hold over 28% of the total market share.
    • By load, demand in the medium duty segment is set to surge at a 4.3% CAGR over the forecast period.
    • In terms of height, demand in the >15 to 34m segment is expected to reach US$ 267.3 Mn by 2032.
    • Sales in the U.S. telescopic masts market are projected to grow year-over-year by 3.9% in 2022.
    • The Germany telescopic masts market is forecast to grow at a 3.3% CAGR through 2032.
    • China will emerge as a lucrative market, with sales growing at a 4.4% CAGR over the forecast period.

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Competition Landscape

The global telescopic masts market is moderately consolidated with key players accounting for around more than 40% of the market share. Key players are investing in product developments and the expansion of their distibution channels to improve their presence in the market.

Some of the key players in this industry include the RATT, Willburt, Mast System (Transdigim Inc.), Rohn Products Inc, Comrod Communication Group Marine, SERAPID Inc., and others

Find More Valuable Insights

The research report analyzes demand for telescopic masts. The global telescopic masts market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product types (push-up masts, hitched masts, integrated mast trailer, push button masts and cable/belt driven masts), load (light duty, medium duty, and heavy duty), height (up to 15m, 15-34m, and 34 to 50m), end use (commercial, military, security, and municipal) and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

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About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.

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Europe Water Pumps Market Will Expand At A CAGR Of More Than 3.6 Percent

The market for water pumps in Europe is predicted to grow annually (YoY) by 3.8% to reach $8 Bn in 2021. According to the study, between 2021 and 2031, the demand for water pumps in Europe will grow at a 3.6% CAGR.

Axial and mixed flow water pump sales will increase by over 4.3% CAGR in the overall water pumps market in Europe. Sales of water pumps made up between 53% and 55% of the entire Europe pumps market as of 2020.

Pump production is one of the few industrial sectors in which Europe continues to perform at least on pace with, if not better than, its worldwide competitors. It has enjoyed a strong positive trade balance with other major alliances in Asia and the Americas for many years, and it continues to do so.

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The water pumps sector in Europe is confronted by a number of opportunities such as need to reduce the energy consumption in number of European countries, keep at par with the customer requirements and maintaining the position with respect to global vendors and expanding presence from regional to global levels.

Along with this, there are increasing opportunities in accordance with the supporting framework for energy efficiency as well as addressing needs of the emerging markets including but not limited to chemicals and petrochemicals.

The increasing adoption of modern farming practices such as hydroponics and vertical farming as a consequence of the growing demand for organic food provides rising opportunities for water pumps in this area, which has led to inclination of end-users towards centrifugal water pumps for water circulation.

As the Europe pump sector matures, emerging technologies like intelligent pump systems are expected to be the primary engine of future growth. The need for these “smart” pumps is growing in a variety of end-user segments, including water and wastewater treatment, building automation, and food and beverage.

Several EU regulations have been implemented through national legislation to ensure that ambient, drinkable water, and wastewater meet acceptable quality criteria, as well as to increase the rate of home sewage connection.

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Key Europe Water Pumps Market Segments Covered

By Capacity:

  • Upto 2HP
  • 2-5 HP
  • 5-10 HP
  • 10-15 HP
  • 15-20 HP
  • 20-30 HP
  • Above 30 HP

By Product Type:

  • Centrifugal Pump
    • Single Stage
    • Multi Stage
    • Axial & Mixed Flow
    • Submersible
    • Circulator
  • Positive Displacement
    • Reciprocating
    • Rotary

By End Use Sector:

  • Centrifugal Pump
    • Domestic
    • Agriculture & Irrigation
    • Mining
    • Water & Wastewater
    • Oil & Gas
    • Other Industrial
  • Positive Displacement
    • Oil & Gas
    • Chemical
    • Water & Wastewater
    • Pulp & Paper
    • Power
    • Other Industrial

By Country:

  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • Poland
  • Rest of Europe

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About Us

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Mini Cranes Global Industry Overview and Competitive Landscape till 2031

Mini cranes are used to lift materials in plants and factories where larger cranes are not permitted. Mini cranes are thought to be ideal for transporting materials during the construction of a home. It is their speciality to navigate courtyards and easily access cliff edges, which larger cranes cannot do.

According to a study conducted by Future Market Insights, the global mini crane market is expected to grow at a CAGR of 6.0 percent from 2021 to 2031. The mini-crane market will be strained by the rising demand for small cranes in industries such as metals, oil and gas, automobiles, and construction. Glass-glazing sports will have more opportunities.

Spider cranes will be among the most commonly purchased mini cranes. Because of its short length and excellent manoeuvrability, its software is expected to thrive in a variety of industries. The creation quarter is expected to continue to be a major quit user. This quarter will provide nearly 65 percent of mini cranes in 2021.

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Mini crane applications have considerably increased in the past few years, and so has their production across the globe. Although mini cranes are niche products, a substantial increase in demand is expected as a result of their ability to perform well in confined spaces and compact areas.

While demand from various industries will continue rising, maximum users are likely to prefer rented mini cranes to directly owned ones. This is seen as an ideal solution for cost-saving while getting the job done. With the expansion of industries forecast to continue, despite hitting a roadblock amid the pandemic outbreaks, sales of mini cranes are expected to surge shortly.

Key Takeaways from Global Mini Crane Market Study

  • Mini cranes sales will continue rising, enabling the market to reach a valuation of US$ 408.1 Mn in 2021
  • Government stimulus towards construction activities is presenting growth opportunities in the U.S., which will account for over 68% of sales in North America
  • Recovering industrial activities is favouring sales in the U.K., which will account for over one-fourth of sales in Europe
  • Germany and France will emerge as other key markets for sale within Europe
  • The presence of some of the leading companies will seal Japan’s dominance in East Asia

“Companies operating in the market are introducing advanced technologies to keep pace with evolving industries. The implementation of connected technologies is one such example that facilitated remote access and monitoring. These developments are anticipated to create lucrative opportunities for growth in the future.” says an FMI Analyst.

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Mini-crane sales are expected to increase due to increased demand from various end-use sectors. Japan, the United Kingdom, and the United States are expected to remain among the most profitable markets in the world. Demand is expected to increase in the coming years as applications in disaster management and electrical material handling expand.

However, due to the pandemic’s impact in the year 2020, the mini crane market saw a significant drop in sales due to supply chain disruption and a decrease in demand. Nonetheless, as industrial activity gradually recovers, mini crane sales will rise in response.

Who is Winning?

The global mini-crane market has been identified as a consolidated market, with top players occupying the majority of the overall share. Some of the key market participants which are included in the report are Manitex Valla S.r.l., Hoeflon International B.V, Skyjack( Linamar), Microcranes, Inc., R&B Engineering, Promax Access, Jekko s.r.l, MAEDA SEISHAKUSHO CO., LTD, BG Lift, Furukawa UNIC Corporation.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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Switchgear Market Insights By Type, Industry, Application & End-User | FMI

Global Switchgear sales are set to be valued at US$ 72.44 Bn in 2021 and are expected to have a stable long-term projection, according to the latest insights from Future Market Insights (FMI). ESOMAR-certified research and consulting firm. The report has forecast the global switchgear market to grow at nearly 6.9 % CAGR during 2021-2031.

The report offers an analysis of the growth trajectory exhibited by the market in 20+ high-growth countries. It offers detailed insights into factors that will be driving growth over the coming decade.

The demand for switchgear was moderate in 2020 however with it had to experience a brief period of lacklustre growth on account of the unprecedented COVID-19 outbreak. Supply chain disruptions witnessed by end-use sectors such as T&D utilities, commercial, industrial and residential had restrained growth to an extent. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive.

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As T&D utility sector is estimated to witness a healthy growth rate in the forecast period. According to the report, T&D utilities are expected to account for nearly 46% of switchgear sold in 2021. Besides this, the demand is expected to surge in commercial, industrial, and residential sectors enabling growth in the market.

Key Takeaways

  • After a period of negative growth, the market will show impressive improvement, registering above 6% y-o-y growth in 2021
  • The U.S. is expected to account for over 60% of sales in North America
  • After a period of negative growth, the U.K. will exhibit above 6% y-o-y growth in 2021, emerging as a strong market for switchgear
  • Expansion of the energy and utilities sector will enable growth in Germany and France
  • Government initiatives are expected to support growth in Japan and South Korea

“Increase in demand for advancement in the switchgear and advent of the smart grid is expected to give impetus to switch gears. The use of the voltage fluctuator is very common in the heavy as well commercial sectors. It is used in the transmission and distribution of energy to consumers and for running machinery. The need of energy is increasing day by day, which has been aiding the overall expansion of the switchgear market.” says an FMI analyst.

The switchgear market is likely to grow at a moderate pace during 2021-2031. However, as it is a mature market, companies are expected to concentrate on research and development activities and capitalize on opportunities, especially in the field of T&D Utilities. Their key focus will, however, remain on meeting the requirements of consumers. Collaboration with local players and the development of new technology in the form of smart grid and advanced switchgear are key strategies adopted by the market players.

Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These companies are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are ABB Ltd., Siemens AG, Schneider Electric, Havells India Pvt. Ltd., Hyundai Electric and Energy System, Fuji Electric, Powell Industries, etc.

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Switchgear Market By Category

By Component Type

  • Power Distributor Switch Breaker
  • Switch Disconnector
  • MCCB
  • HRC Fuse
  • Earth Switch
  • MCB

By Voltage Type

  • Low Voltage (less than 1kV)
  • Medium Voltage (1kV to 75kV)
  • High Voltage (75kV to 230kV)
  • Extra High Voltage (230kV to 500kV)
  • Ultra-High Voltage (above 500kV)

By Construction Type

  • Outdoor
  • Indoor
  • Others

By Insulation Type

  • Air Insulated Switchgear
  • Gas Insulated Switchgear
  • Oil Insulated Switchgear
  • Vacuum Insulated Switchgear

By End User

  • T&D Utilities
  • Commercial
  • Industrial
  • Residential

By Region

  • North  America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

Contact Us:

Future Market Insights, Inc

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Plot No: JLT-PH2-X2A

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Global Market for Water Treatment System Demand Is Projected To Value Around US$ 112 Bn In 2030-FMI

The global water treatment market is projected to grow 6% in 2019 and reach a total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as per the recent report published by Future Market Insights.

Growth in the global water treatment market is expected to be driven by increased demand for potable water, changing government regulations, and increased awareness of the negative impact of untreated water.

Several key drivers are expected to fuel the growth of the global water treatment market during the forecast period, according to the report. Growing awareness of the dangers of impure water consumption, a steady increase in demand for fresh water, the adoption of water treatment systems, and demand for quality water from the domestic and industrial sectors are among the notable driving forces.

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The increase in the adoption of new technologies along with focus on R&D will play an instrumental role in shaping the overall growth of the water treatment market in 2019 and the coming years. Further, established players operating in the water treatment market are likely to increase investments in R&D activities, focus on the development of innovative water treatment systems, and offer cost-effective solutions.

In addition, existing players pushing for product innovation, collaborations with EPC companies and local municipalities, development of patented technologies and high capacity treatment systems are likely to gain a competitive edge in the current industry landscape.

East Asia Emerges as a Promising Region for Market Growth

In the current scenario, North America and MEA are expected to dominate the global water treatment market in terms of market share. However, the report suggests that the market in East Asia will witness a commendable growth through the forecast period 2019-2029. Currently, the market value of the water treatment market in East Asia is ~ US$ 10,065.6 million and expected to reach US$ 24,376.9 million by the end of 2029 growing at a CAGR of around 9.2% throughout the forecast period. The growth is projected to be primarily driven by focus on enhancing water quality and striking a balance between the demand and supply ratio.

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Furthermore, the economies of East Asian countries such as China, South Korea, and Japan have shown a steady growth in recent years. Macro-economic parameters including rapid urbanization, growing population, and positive investment patterns have boosted investments in the housing and municipality projects in the region. Other factors such as lack of quality water treatment infrastructure and growing water scarcity have led to a noteworthy increase in the spending to upgrade water treatment facilities in the region.

Evolving Government Regulations Expected to Shape the Future of Water Treatment

According to the FMI analyst, “The growing demand and focus on chemical-free water has certainly opened up new opportunities for the existing market players. Further, the demand for environment-friendly water will lead to an increase in process water treatment systems in the forecast period.”

According to the FMI report, in the current scenario, the high demand for chemical-free water is projected to be a key driver of the global water treatment market. Government regulations revolving around water treatment policies are expected to focus on the impact of untreated water on the environment. The evolving government regulations has encouraged market players to focus on the development of eco-friendly water with innovation and adoption of new technologies.

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Water Treatment System Market Key Segment

By System Type:

  • Preliminary Treatment
  • Water Treatment
  • Membrane Bio-Reactor (MBR)
  • Reverse Osmosis (RO)
  • Micro-Filtration (MF)
  • Nano/Ultra Filtration (NF/UF)
  • Disinfectants (UV, Ozone)
  • Sludge treatment
  • Activated Sludge
  • Sludge Thickening & Dewatering
  • Sludge Drying
  • Other Sludge Treatment Technology

By Application:

  • Process Water/ Water Treatment
  • Waste Water Treatment
  • Zero Liquid Discharge
  • Desalination

By End Use:

  • Residential Buildings
  • Commercial Buildings
  • Municipality
  • Industrial
  • Chemical & Petrochemicals
  • Oil & Gas
  • Mining & Metals
  • Food & Beverage
  • Pharmaceuticals
  • Thermoelectric Power Plants
  • Semiconductors
  • Pulp & Paper
  • Sugar Mills
  • Textiles
  • Leather

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East
  • Africa

About Us:

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Latest Report: https://www.futuremarketinsights.com/reports/
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