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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. Increasing development of innovative technologies by the 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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As per a recent market survey by Future Market Insights, sales in the global shot blasting machine industry are expected to increase at a healthy 5% CAGR, reaching a valuation of US$ 1.8 Bn in 2031.

According to FMI, the demand in the U.K. is anticipated to grow at a consistent 4.3% CAGR over the assessment period, positioning the nation as a lucrative market for shot blasting machines in Europe.

Leading British manufacturers are making significant investments in technological advancement to incorporate new features in shot blasting machines. The introduction of new technologies in products is fuelling the use of shot blasting machines across various industries, which will accelerate the growth in the market.

Shot blasting machines play a vital role in the metal industry. With increasing demand from industries such as aerospace and automotive, sales will rise across the globe over the forecast period. Growing demand for shot blasting equipment from the construction and automotive sectors is expected to drive the demand for semi-automatic shot blasting machine in the forthcoming years.

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Further, manufacturers are offering customized shot blasting machines to improve sales in the market. They are focusing on innovative technologies and techniques to improve the performance of these machines. This is expected to augment the. Growth of the market in the forthcoming years.

As per FMI, sales in China and India are expected to increase at a considerable pace owing to rapid urbanization, increasing sales of electric vehicles, and growing residential and commercial establishments.

“Increasing applications of shot blast machines in the aviation sectors, along with surging demand for roller conveyor shot blasting machines will continue boosting the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

• In terms of product type, sales of wheel blasting machines are projected to increase at a 3.8% CAGR through 2031.
• Based on automation, demand in the semi-automatic segment will grow at a 4.1% CAGR over the assessment period.
• Sales in the automotive sector will increase at a steady 4.2% CAGR over the forecast period.
• The U.S. will dominate North American shot blasting machines market, expanding at a 4% CAGR.
• The U.K. will emerge as a lucrative pocket in Europe shot blasting machines market, with sales growing at a 4.3% CAGR.

Competitive Landscape

Some of the leading players in the market are SINTOKOGIO, LTD., Rösler Oberflächentechnik GmbH, Norican Group and SHANDONG KAITAI GROUP CO. LTD. The top 5 players are projected to account for 20-25% of the total market share over the forecast period.

The global shot blasting machines market is extremely consolidated. Market players are competing to increase their global footprints by advancing their product portfolio through technological innovations and new product development. Players are also expanding their sales channels in emerging markets through collaborations and are focusing to provide global service network to end users.

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Shot Blasting Machine Market By Category

Product Type:

• Wheel Blasting
  • Hanger Type
  • Roller Conveyor
  • Tumblast
  • Others
• Air Blasting
  • Cabinet Type
  • Table Type
  • Frame Type
  • Others

By Automation:

• Semi-Automatic
• Automatic

By End Use:

• Aerospace
• Automotive
• Construction
• Foundry
• Ship Building
• Rail
• Others

By Region:

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

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According to ESOMAR-certified Future Market Insights’ (FMI), the spark plug market will register positive growth with the overall valuation forecast to surpass US$ 3.20 Bn in 2021. The market’s worth will increase at a compound annual growth rate (CAGR) of 4.5% between 2021 and 2031.

Market players are investing towards developing spark plugs which offer long life and better electrical energy conductivity. With the launch of next gen engines, the demand for high performance spark plug will increase in upcoming years.

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These next-gen engines are compact and require special type of ignition system, leading to innovation in spark plug technology. Market players are experimenting with various materials and making design modifications to meet the requirements.

According to the report by Future Market Insights, increasing automotive production and export will make Europe one of the leading spark plug markets. Spurred by this, the Europe spark plug worth is projected to thrive at a CAGR of 4% during the forecast period.

The development of long and thin spark plugs that can be attached in a small headspace of engine will drive the spark plug market demand. As there is no application of spark plug in electric vehicles and e-bikes, a slump in spark plug market demand can be expected in upcoming years.

Constant fluctuation in fuel prices and increasing awareness regarding reducing air pollution will promote the adoption of electric vehicles, which will directly hinder the spark plug market demand.

As there is no application of spark plug in electric vehicles and e-bikes, a slump in spark plug market demand can be expected in upcoming years. Constant fluctuation in fuel prices and increasing awareness towards reducing air pollution will promote the adoption of electric vehicles which will directly hinder the spark plug market demand.

Global sales are expected to rise in 2021 after a period tepid growth in 2020. Nonetheless, FMI presents a positive growth outlook for the market.

Key Takeaways from FMI’s Spark plug Market Study

• The U.S will continue to offer lucrative growth opportunities in spark plug market owing to presence of engine and transmission manufacturing companies and high production of passenger car in the country.
• Rapid economic growth and rising export of automobiles across the globe will drive the spark plug market growth in China.
• Rapid advancement in the commercial vehicle and aerospace segment along with implementation of stringent regulations such as EURO VI norms, to reduce carbon emission will boost the spark plug market growth in the U.K. during the forecast period.
• Increasing production of passenger vehicles and increasing per capita income of Indian population, coupled with strict government regulations, will bode well for the spark plug market growth in India.
• The demand for spark plus is expected to growth at a healthy rate in the automotive sector owing to strict government emission norms and increasing demand for fuel efficient vehicles.
• The demand for cold spark plugs is expected to grow substantially during the forecast period as their firing end takes time to heat and provides faster rate of heat transfer as compared to other types of spark plugs.
• An increase in demand for iridium spark plug is anticipated especially from marine sector as iridium spark plug facilitates optimum power and combustion leading to improved engine performance.

“Increasing research and development aimed at developing new and compact gasoline engines to curb fuel consumption and produce vehicles in compliance with emission-control norms will create growth opportunities for spark plug market,” says the FMI analyst.

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Competitive Landscape

Spark plug market is highly competitive market owing to presence of multiple market players. Companies operating in this market are employing organic as well as inorganic marketing techniques to expand their global outreach.

Their primary goal is to develop innovative products and improve value chain. Manufacturers are also participating in strategic collaboration with rival companies especially to strengthen their research and development activities.

For instance, Weichai Power Co. Ltd. is a Chinese spark plug manufacturer which sells it under the brand name of “Zhuzhou Torch Spark Plug Co.,Ltd. (ZTSP)” offers spark plugs for motorcycle and small gasoline engines.

Prominent players operating in the spark plug market are NGK Spark Plug Co. Ltd., Robert Bosch, Denso Corp., Tenneco Inc., and Valeo among others.

Key Segments Covered in Spark plug Market Study

By Sales Channel:

• OEM
• Aftermarket

By Material Type:

• Iridium
• Platinum
• Nickel
• Others

 By End Use:

• Automotive
  • Two Wheelers
  • Passenger Cars
  • LCV
  • HCV
• Marine
• Aerospace
• Industrial

By Product Type:

• Hot Spark Plug
• Cold Spark Plug

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South East Asia & Pacific
• China
• India
• Middle East and Africa
• Japan

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Key Points Covered in Spark Plug Market Study

• Market estimates and forecast 2021 – 2031
• Key drivers and restrains impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competitive Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact On Spark plug Market
• Recommendation on Key Winning Strategies

Top Reports Related To Automotive Market Insights

Automotive Cylinder Liner Market : to grow with a year over year growth of 3.4% in 2021 reaching a value of about US$ 4,573.1 Mn by 2021 end.

Automotive Control Cable Market : is estimated to exceed US$ 2.5 Bn by 2022. The demand in the global automotive control cable market is expected to create an absolute dollar opportunity of nearly US$ 3.4 Bn through 2029, growing at a CAGR of 4.6% over the forecast period 2022-2029.

ADAS Sensors Market : is slated to top US$ 15 Bn in 2022. Increasing preference for enhanced driver comfort and safety in passenger vehicles is expected to boost sales at an impressive 14.1% CAGR over the forecast period, with the market valuation reaching US$ 43.2 Bn in 2030.

Automotive Display Units Market : witnessed historical CAGR of 6.2% for 2014- 2021. The global automotive display unit market is forecasted to witness a considerable value CAGR of 8.3% during the forecast period 2022 and 2029.

Automotive Active Purge Pump Market : is slated to witness impressive growth at 11.2% CAGR between 2021 and 2031. The overall market valuation will total US$ 192 Mn in 2031, up from US$ 66.3 Mn recorded in 2021.

About Future Market Insights (FMI) 

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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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According to a new report published by Future Market Insights titled “X-by-Wire Market: Global Industry Analysis (2017 – 2021) and Opportunity Assessment (2022 – 2027),” the global x-by-wire is in the growing stage and is expected to show potential growth signs by the end of 2027.

Future Market Insights (FMI) has projected the global X-by-wire market to grow with year-on-year value growth of 13.9% in 2022 reaching a value of about US$ 39 Bn by 2022 end.

The demand for x-by-wire systems is increasing with every passing day as their installation is increasing in the military vehicles as well as construction equipment. Automotive companies are also focusing on installing x-by-wire systems in economy cars as well. Electric and hybrid vehicles manufacturers, on the other hand, are looking forward to adopt brake-by-wire in the vehicles, thus making it a feasible option for the consumers. The global x-by-wire market is expected to witness a volume CAGR of 13.8% and is likely to reach a volume of over 395,000 ‘000 units by the end of 2028.

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Rising Demand for Automotive Components to Trigger Adoption of X-by-Wire

The global automotive components market is expected to rise at a healthy rate over the forecast period owing to the substantial rise in the global demand for light vehicles. As a result of this, the sales of x-by-wire is expected to increase by almost 40%. Furthermore, the sales are supported by the stable demand arising from Asia Pacific and Europe.

The sales are likely to constant in developing regions but slower growth is likely to be witnessed in emerging markets, especially China. Along with the luxury and premium vehicles sector; mid-sized and economical cars are also featuring advanced systems in their vehicle models in order to remain competitive in the market. These factors are expected to fuel growth of the x-by-wire technologies such as throttle-by-wire, shift-by-wire and brake-by-wire.

The global automotive production rate is expected to have a high impact on the x-by wire market. The passenger cars sector, in particular, is anticipated to witness high growth over the forecast period. It has been projected that there will be a rather sound automotive production rate in developed economies such as Europe and the U.S. with the key emphasis being on sedan and luxury car sectors owing to changing consumer preference and lifestyle.

Asia Pacific Excluding Japan to Emerge as a Leading Region in Terms of Number of Deployments

The market for x-by-wire in APAC is expected to witness a volume CAGR of 16.3% from 2017 and 2027 owing to the high penetration of automotive in the region. China is on the forefront at present and is expected to stay the same by the end of the forecast period. In spite of an unstable economy in the last couple of years, the automotive industry has performed quite well, thus increasing the sales of automotive, both passenger and commercial in the region.

In addition, the production of automotive is anticipated to be comparatively high in the developing regions as compared to the developed ones. Factors such as shifting customer preferences towards luxury vehicles, developing infrastructure, as well as rising disposable income of consumers in the region are likely to support the automotive industry in the region, thus supplementing the sales of x-by-wire in return.

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Global X-by-wire market by Category

By Technology

• Throttle-by-wire
• Shift-by-wire
• Brake-by-wire
• Suspension-by-wire
• Park-by-wire

By Vehicle Type

• Passenger Car
• Commercial Vehicle

By Region

• North America
• Western Europe
• Eastern Europe
• Latin America
• Asia Pacific Excluding Japan (APEJ)
• Middle East and Africa (MEA)
• Japan

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Partnerships to be the Core Strategy of Key Market Players

Strategic partnerships of auto component manufacturers with technology providers is likely to be the core focus of companies. The companies operating in the x-by-wire market are Continental AG, Kongsberg Automotive, Curtiss-Wright Corporation, ZF Friedrichshafen AG, Nissan Motor Co., Ltd., Robert Bosch GmbH, SKF AB, Denso Corporation, and Ficosa International SA, among others.

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Automotive Exterior Trim Parts Market : which accounts for a net worth of US$ 21.03 Bn at present, is estimated to surge to a valuation of US$ 30.34 Bn by the end of 2030.

Automotive In-Wheel Motors Market : to grow with YOY growth of 38.0% in 2022 reaching value of about US$ 2,127.5 Mn by 2022 end. At the end of 2021, global automotive in-wheel motor sales were estimated to be worth roughly US$ 1,541.4 Mn. By 2027, the market is expected to grow at a 38.0% CAGR, reaching a valuation of US$ 10,650.2 Mn.

Automotive Load Floor Market : size was valued at US$ 1.9 Bn in 2021. Increasing sales of electric vehicles and passenger automobile across the globe are expected to boost demand at a 5% CAGR, pushing the market size to US$ 3.3 Bn in 2032.

Automotive Gudgeon Pin Market : to grow with year on year growth of 4.3% in 2022 reaching value of about US$ 3,149.4 Mn by 2022 end. The global industry is projected to observe a significant CAGR of 5.0% by value during the period of 2022 and 2027.

Aircraft Tube and Duct Assemblies Market : is slated to top US$ 1.3 Bn in 2022. Increasing investments in aircraft maintenance across the globe will boost sales at a steady 4.40% CAGR, with the market valuation reaching US$ 1.7 Bn in 2030.

About Future Market Insights (FMI) 

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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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The global engine flush market is set to witness a moderate growth rate of 3.4% over the forecasted years of 2022 to 2032. The overall engine flush market size is anticipated to reach a valuation of around US$ 2.27 Billion by the end of the year 2032, growing from the current valuation of US$ 1.62 Billion in 2022.

The global engine flush market size is expected to expand significantly as a result of rising consumer demand for automobiles and their components, higher government investment, new and cutting-edge technology and machinery, as well as enhanced marketing strategies.

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Motor flush lubricants, which are essential oils that drain away all the filth and sludge built inside the engine and its parts, are now more often used as a result of improvements in gasoline technology. The use of engine flush oil is growing with increased levels of fuel adulteration, particularly of diesel, and rising pollutant levels as a result of increased pollution and other dirt particles that might affect an engine’s performance.

Stringent government regulations, as well as the global shift towards more efficient combustion engines, are some of the other major factors boosting the use and sales of engine flush in the present market.

The automobile industry is moving quickly into a new era marked by increasing sustainability, shifting consumer habits, the inclusion of connected and electric vehicles, mobility fleet sharing, and better lives. This development is anticipated to limit the engine flush market growth to certain degrees, as per the market analysis report.

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Key Takeaways from Engine Flush Market Study

• The overall growth of the global engine flush market is estimated to be around US$ 650 Million over the forecast years through 2032, by experiencing the mild growth rate of 3.4%.
• A study of the emerging trends in the engine flush market suggests that the semi-synthetic oils would have the greatest CAGR in terms of value. And over the projected period it is projected to generate close to US$ 1.5 Billion in worldwide sales of engine flush by the end of it.
• By the final years of this projected period, around US$ 1 Billion is expected to be spent on fully synthetic oils, while around 47.6% of demand for engine flush on the worldwide market are forecasted to be comprised of semi-synthetic oils.
• It has been predicted by the engine flush market report that North America would retain its dominance in the engine flush market from 2022 to 2032.
• The South Asian countries are turning out is to be the leading region for the engine flush market players. Growing number of car owners in these countries is the primary reason.

Key Segments of the Engine Flush Market

By Engine Type:

• Petrol Engine
• Diesel Engine

By Engine Oil Type:

• Fully Synthetic Oil
• Semi-synthetic Oil
• Mineral Oil

By End Use:

• Automotive
• Industrial Equipment
• Marine
• Others

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa (MEA)

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Competitive Landscape for the Global Engine Flush Market

The paper includes profiles of companies leading the way in engine flush manufacturing throughout the world. BULLSONE Co. Ltd., BARDAHL Manufacturing Corporation, 3M Company, International Lubricants, Inc., Penrite Oil Company, LIQUI MOLY GmbH, Valvoline Inc., Tec4 Lubricants, LUBRITA EUROPE B.V., Berner Group, AMSOIL INC., and Petra Oil are a few of them. Changes in combustion engine designs and shifting oil costs are projected to provide difficulties for a number of these businesses.

Through 2032, leading engine flush market players in the world are also anticipated to prioritize reducing manufacturing costs and increasing profit margins.

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Rubber Tracks for Defense and Security Market : is estimated at US$ 118.5 Mn in 2022 and is projected to reach US$ 144.5 Mn by 2027, at a CAGR of 3.7% from 2013 to 2021. Future Market Insights (FMI) has forecasted the Rubber tracks for defense & security market to grow with a year on year growth of 4.2% in 2022.

Compact Wheel Loaders Market : is estimated to surpass US$ 5.27 Bn by the end of 2022. The demand in the global compact wheel loaders market is anticipated to top US$ 6.64 Bn, growing at a CAGR of 3.3% during the forecast period 2022-2029.

Bicycle Components Aftermarket : reached a valuation of US$ 13.5 Bn in 2021. Sales are projected to increase at a CAGR of 6.9% over the forecast period, to reach a valuation of US$ 28.3 Bn by 2032.

Automotive Window Regulator Market : is projected to increase at a robust 4.5% CAGR between 2021 and 2031. Future Market Insights (FMI) forecasts the market value to top US$ 13.7 Bn in 2021.

Automotive Steering System Market :  is projected to total US$ 23.2 Bn in 2022. With sales growing at a healthy 4.6% CAGR, the market size is projected to total US$ 33.3 Bn by 2030.

About Future Market Insights (FMI) 

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:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
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Future Market Insights (FMI) expects the europe water pumps market to expand at over 3.6 % CAGR through 2031. Between 2016 and 2020, the Europe water pumps market expanded at a CAGR of over 0.5%. Many of the significant advances in pump technology have their origins in long-established European enterprises, which have been aided by a variety of specialist technical groups as well as government funding.

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.

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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.

The global automotive exhaust systems market is expected to reach a market valuation of US$ 106.98 Billion by the year 2022, accelerating with a moderate CAGR of 6.07% by 2022-2032. Automotive exhaust systems market size is anticipated to be valued at about US$ 192.86 Billion by 2032 end.

The sales and manufacture of automobiles in developing countries like China and India are on the rise due to the rapid urbanization of these regions and the rising personal disposable income of their citizens. Growth in the automotive exhaust systems market is anticipated to be driven by rising demand for, and production of, automobiles with high-efficiency exhaust systems. The advent of car companies adopting cutting-edge, environmentally friendly technologies to produce low-emission vehicles is expected to fuel the automotive exhaust systems industry’s expansion. Demand for these low emission automobiles with an upgraded exhaust system is expected to be bolstered by customers’ growing awareness of pollution’s toll on human health and the natural world.

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Revenue growth is expected to be propelled by strict government pollution rules, which are leading to increased development of exhaust system technologies such as exhaust after-treatment systems and exhaust gas recirculation (EGR) systems. In order to conform to upcoming regulations on vehicle emissions, the automotive industry is developing exhaust systems for diesel engines to reduce NOx emission. Demand for automotive exhaust systems is expected to rise as a result of all the issues.

One factor that is expected to restrain the expansion of the automotive exhaust system market over the coming years is the growing popularity of electric vehicles, which is being encouraged by government subsidies and tax exemption policies around the world.

Key Takeaways

• Asia Pacific region is expected to account for more than 60% of the global growth in demand for automotive exhaust systems.
• More than 6.8% CAGR growth is predicted for Latin America throughout the forecast period, making it the second fastest growing area.
• The expansion of the regional automotive exhaust systems market is anticipated to be bolstered by the rising output and demand for automobiles in nations like Brazil and Mexico.
• From 2021 to 2028, the market for commercial vehicles is expected to grow at a CAGR of about 8.0%. This expansion is a direct result of rising demands in the transportation and logistics industries for large vehicles.
• One of the most important automotive exhaust systems market is the logistics sector. In 2020, gasoline sales made up almost 80% of total sales, and this trend is expected to continue during the projection period.
• Passenger cars generated over 70% of total market revenue in 2020, and this trend is expected to continue over the forecast period. Around the predicted time period, the automotive exhaust systems sector is expected to grow at a CAGR of over 5.0%.

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Competitive Landscape for the Automotive Exhaust Systems Market

There are just a handful of major players in the automobile exhaust systems market. Because of their dedication to innovation and the creation of a wide variety of items for use with exhaust systems, these businesses have risen to the top of respective industries. Companies like these are anticipated to expand their automotive exhaust systems market share throughout the forecast period.

Automotive Exhaust Systems Market by Segmentation

By Product Type:

• Exhaust Manifold
• Muffler
• Catalytic Converter
• Oxygen Sensor
• Exhaust Pipes

By Vehicle Type:

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

By Engine Type:

• Gasoline
• Diesel

By Sales Channel:

• Original Equipment Manufacturer (OEM)
• Aftermarket

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

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Recent Developments

• Futaba Industrial Co., Ltd. stated in May 2021 that they would be participating in the Automotive Engineering Exposition 2021 Online. With an eye on achieving SDGs, the business plans to deploy new exhaust and body system components that enhance fuel efficiency, cut weight, and reduce emissions (Sustainable Development Goals).
• Faurecia’s Clean Mobility Division has its headquarters in the Koriyama Plant in Koriyama City, Fukushima Prefecture, and in April 2021, the company announced that production would begin there in the second half of that year. Although the Koriyama Plant was supposed to begin operations in September 2020, the spread of the coronavirus has temporarily slowed production at the automakers to whom it delivered products (COVID-19).
• In March of 2021, Eberspächer revealed that it has begun serial manufacturing of tunnel mixers, a technology used to convert exhaust emissions from automobiles and commercial vehicles. The mixer guarantees that the aqueous urea solution is evaporated and mixed with the exhaust gas to the best of its ability.
• In March of 2021, Tenneco’s Clean Air business group partnered with Eaton’s Vehicle Group to develop an integrated exhaust thermal management system for commercial trucks and light cars. This technology is anticipated to help manufacturers comply with new emissions rules.

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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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The water treatment device market is predicted to grow at a CAGR of 6.8% by 2030. As an example, remote sensing of water allows for non-sales water remediation, water accounting, net of things (IoT) that allows water excellent management, and smart irrigation. Coupled with new computing capacity, it enables marketplace gamers to plot complex fashions for water management.

An increase in water treatment system innovation to produce as little wastewater for the industrial sector as possible is a major factor driving the market for water treatment systems. Producing more with fewer resources is crucial as the world’s population is projected to reach 9.7 billion people by 2050.

Security and scarcity, software operations, water efficiency, tracking and remediation, and data analytics all depend heavily on technology and innovation. Companies and utilities are reportedly becoming more interested in testing and implementing future-proof technology, according to market participants.

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Key Takeaways of Water Treatment System Market Study

• Worldwide adoption of water treatment systems to surge at 6.8% CAGR over 2022-2030
• Preliminary treatment systems to procure leading revenue share, tantamount to 40%
• Application in process water/water treatment to remain prominent through 2030
• Industrial sector to attract substantial investments from stakeholders
• East Asia to emerge as epicenter of value-capture opportunities in coming years

Water treatment systems have been considered a reliable and essential aspect of societies and a key contribution to public health during the global pandemic. Utilities’ initial response to the pandemic by optimizing disinfection doses has been the key step in the protection and avoidance of both utility workers and the receiving water ecosystem and minimizes the potential contagion of the coronavirus. Several companies are stepping up existing water treatment facilities in hard-hit areas that possibly contract COVID-19 infection from places including, community clinics, hospitals, and nursing homes.

“Preserving and reusing wastewater has not been among key priorities for businesses, or individuals. That being said, rising ecological consciousness and increasing regulatory pressure to lower the consumption of natural resources are influencing several industrial businesses to look for innovative ways to use – and reuse – water,” says analyst at FMI.

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Water Treatment System Market by Category

By System Type, the Water Treatment System Market is segmented as:

• 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

By Application, the Water Treatment System Market is segmented as:

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

By End Use, the Water Treatment System Market is segmented as:

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

By Region, the Water Treatment System Market is segmented as:

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

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