Prebiotic Ingredients Market value is expected to reach a valuation of USD 18 Bn by 2032

The global Beetroot Powder market size reached a valuation of US$ 456.4 Million in 2022. The expanding nutritional value and wide ranges of applications are projected to be the market’s primary growth drivers. The overall sales of Beetroot Powder products are projected to grow at a robust CAGR of 5.7% between 2022 and 2032, totaling around US$ 716.6 Million by the end of 2032.

As per Future Market Insights, the global demand for Beetroot Powders is poised to expand at a healthy CAGR of 5.7% during the forecast period between 2022 and 2032, in comparison to the 3.9% CAGR registered from 2016 to 2021.

Food industries are intensifying their consumption of beetroot powder since one tablespoon of beetroot powder contains the same nutrients as one beetroot. Its usage in the food industry as a flavoring agent and taste enhancer is becoming increasingly popular among young people as a consequence of increasing health concerns.

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According to this report, the beetroot powder market has been experiencing significant growth; however, it is still at a growing stage compared to other products in the market. Growing popularity of beetroot juice is one of the significant reasons for the growth of the global beetroot market.

Global Beetroot Powder Market: Growth Dynamics

In recent period, major population from all across the world is inclined toward the use of products manufactured using natural ingredients. Key reason for this shift is rising awareness about the harmful effect of chemical or synthetic ingredients in various products.

As a result, there is remarkable growth in demand for beetroot powder from cosmetics and personal care products. This factor is working as a big positive for the growth of the global beetroot powder market.

Beetroot powder is gaining traction in food industry owing to a wide range of health benefits beetroot offers. It is rich in calcium, dietary fiber, potassium, antioxidants, manganese, iron, and other nutrients. Apart from this, beetroot powder is gaining popularity as a natural food coloring agent.

Beetroot powder offers natural red color to food products without changing the taste of that food item. As a result, beetroot powder is increasingly used in diverse food products including cupcakes, red velvet cake, sauces, gravies, and soups. The aforementioned factors are suggestive of the inflow of increased revenues into the global beetroot powder market in the years to follow.

Global Beetroot Powder Market: Regional Assessment

The global beetroot powder market is spread across five key regions, namely, North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of them, North America is one of the lucrative regions offering noteworthy demand avenues in the market for beetroot powder.

In recent period, the region is witnessing upward graph of demand for natural food coloring agents from food and beverages market. This aside, increased awareness about the side effects of synthetic food colors is fueling the growth of the beetroot powder market in this region.

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Global Beetroot Powder Market: Key Players 

The key players operating in the global beetroot powder market are as follows-

Windmill Organics Ltd., Lush Retail Limited, STADA Arzneimittel AG, Mountain Rose Herbs, Changsha Vigorous Tech Co., Ltd, Z Natural Foods, LLC, Indigo Herbs, MARUDHAR FOODS PRIVATE LIMITED, Ecuadorian Rainforest, LLC, and Organic Herb Inc.

Global Beetroot Powder Market: Drivers

  • Growing preference of beet root powder by athletes
  • Growing preference for organic beet root powder products
  • Longer shelf life eases usage and transportation
  • Versatility of applications of the beetroot powder
  • Increasing demand for gluten free and vegan products
  • Increasing demand for cosmetics made with natural ingredients
  • Increasing demand for vibrancy in appearance of food products
  • Increasing demand for ingredients with detoxification properties
  • Increasing demand for ingredients with detoxification properties

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By Type

  • Organic
  • Conventional

By End User

  • Food & Beverages
    • Bakery
    • Confectionary
    • Food Colorants
    • Sweeteners
    • Others
  • Industrial
    • Chemicals
    • Nutraceuticals
    • Pharmaceuticals
    • Cosmetics
    • Textiles

The report covers exhaustive analysis on:

  • What is the size of beetroot powder market?
  • Which are the leading companies in beetroot powder market?
  • Which countries are contributing significantly to the growth of the beetroot powder market?
  • At what level does the report reflect pricing analysis?

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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T: +1-845-579-5705
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Beetroot Powder Market are projected to grow at a robust CAGR of 5.7% between 2022 and 2032

The global Beetroot Powder market size reached a valuation of US$ 456.4 Million in 2022. The expanding nutritional value and wide ranges of applications are projected to be the market’s primary growth drivers. The overall sales of Beetroot Powder products are projected to grow at a robust CAGR of 5.7% between 2022 and 2032, totaling around US$ 716.6 Million by the end of 2032.

As per Future Market Insights, the global demand for Beetroot Powders is poised to expand at a healthy CAGR of 5.7% during the forecast period between 2022 and 2032, in comparison to the 3.9% CAGR registered from 2016 to 2021.

Food industries are intensifying their consumption of beetroot powder since one tablespoon of beetroot powder contains the same nutrients as one beetroot. Its usage in the food industry as a flavoring agent and taste enhancer is becoming increasingly popular among young people as a consequence of increasing health concerns.

According to this report, the beetroot powder market has been experiencing significant growth; however, it is still at a growing stage compared to other products in the market. Growing popularity of beetroot juice is one of the significant reasons for the growth of the global beetroot market.

Request a report sample to gain comprehensive market insights @ https://www.futuremarketinsights.com/reports/sample/rep-gb-3196

Global Beetroot Powder Market: Growth Dynamics

In recent period, major population from all across the world is inclined toward the use of products manufactured using natural ingredients. Key reason for this shift is rising awareness about the harmful effect of chemical or synthetic ingredients in various products. As a result, there is remarkable growth in demand for beetroot powder from cosmetics and personal care products. This factor is working as a big positive for the growth of the global beetroot powder market.

Beetroot powder is gaining traction in food industry owing to a wide range of health benefits beetroot offers. It is rich in calcium, dietary fiber, potassium, antioxidants, manganese, iron, and other nutrients. Apart from this, beetroot powder is gaining popularity as a natural food coloring agent.

Beetroot powder offers natural red color to food products without changing the taste of that food item. As a result, beetroot powder is increasingly used in diverse food products including cupcakes, red velvet cake, sauces, gravies, and soups. The aforementioned factors are suggestive of the inflow of increased revenues into the global beetroot powder market in the years to follow.

Global Beetroot Powder Market: Regional Assessment

The global beetroot powder market is spread across five key regions, namely, North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of them, North America is one of the lucrative regions offering noteworthy demand avenues in the market for beetroot powder. In recent period, the region is witnessing upward graph of demand for natural food coloring agents from food and beverages market. This aside, increased awareness about the side effects of synthetic food colors is fueling the growth of the beetroot powder market in this region.

For Information On The Research Approach Used In The Report, Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-3196

Global Beetroot Powder Market: Key Players 

The key players operating in the global beetroot powder market are as follows-

Windmill Organics Ltd., Lush Retail Limited, STADA Arzneimittel AG, Mountain Rose Herbs, Changsha Vigorous Tech Co., Ltd, Z Natural Foods, LLC, Indigo Herbs, MARUDHAR FOODS PRIVATE LIMITED, Ecuadorian Rainforest, LLC, and Organic Herb Inc.

Global Beetroot Powder Market: Drivers

  • Growing preference of beet root powder by athletes
  • Growing preference for organic beet root powder products
  • Longer shelf life eases usage and transportation
  • Versatility of applications of the beetroot powder
  • Increasing demand for gluten free and vegan products
  • Increasing demand for cosmetics made with natural ingredients
  • Increasing demand for vibrancy in appearance of food products
  • Increasing demand for ingredients with detoxification properties
  • Increasing demand for ingredients with detoxification properties

Request a Complete TOC@ https://www.futuremarketinsights.com/toc/rep-gb-3196

By Type

  • Organic
  • Conventional

By End User

  • Food & Beverages
    • Bakery
    • Confectionary
    • Food Colorants
    • Sweeteners
    • Others
  • Industrial
    • Chemicals
    • Nutraceuticals
    • Pharmaceuticals
    • Cosmetics
    • Textiles

The report covers exhaustive analysis on:

  • What is the size of beetroot powder market?
  • Which are the leading companies in beetroot powder market?
  • Which countries are contributing significantly to the growth of the beetroot powder market?
  • At what level does the report reflect pricing analysis?

ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

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 Latest Market reports: https://www.futuremarketinsights.com/reports

Pallet Pooling Market growth Current Scenario and Industry Growth Forecast with Major Key Players data by 2032

Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market growth is estimated to gain noteworthy traction in the coming decade.

Future Market Insights (FMI) has projected the Global Pallet Pooling market to grow with considerable value CAGR of 6.2% during the period of 2022 and 2029 and reach a value of US$ 641.8 Mn by 2029 end.

Global Pallet Pooling Market Size (2021A) US$ 7,052 Mn
Global Pallet Pooling Market Analysis (2022E) US$ 7,471 Mn
Projected Pallet Pooling Market Size (2029F) US$ 11,375 Mn
Value CAGR (2022-2029) 6.2%
Collective Value Share: Top 3 Countries (2022E) 76.5%

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According to a new research report published by Future Market Insights (FMI), the pallet pooling market is estimated to exhibit 6.2% CAGR over the forecast period, to reach a valuation of more than US$ 11 Bn by the end of 2029.

Key Takeaways of Pallet Pooling Market Study

  • Pallet pooling has prominent application in the FMCG sector, as warehouses play a crucial role in this industry.
  • In terms of material, plastic pallet pooling is estimated to witness notable demand, owing to high reliability, durability, and cost-effectiveness of plastic pallets as compared to other types.
  • Globally, the pallet pooling market in GCC countries is estimated to witness lucrative growth, owing to the positive outlook for industrial trade activities in the region, particularly for the e-Commerce industry. The U.S. is expected to hold a leading share in the global market, registering a significant CAGR throughout the forecast period.
  • In recent years, pallets tagged with RFID have become more popular amongst end consumers, owing to their ability to provide location as well as detailed information related to stacked products on pallets.
  • Pallet pooling is a one-time investment business, in which, the owner has to purchase pallets and then pooling can be done without any large investment. As a result, the market offers high profit margins to its participants.
  • For the effective operational efficiency of pallets, pallet service providers perform quality checks after the end of every service cycle to provide high-quality pallets and efficient service cycles to end consumers. Continuous and high standard quality checks of pallets are estimated to help players in the global pallet pooling market gain a competitive advantage.

“In the pallet pooling market, flexible payment profiles allow end consumers to pay rent monthly or quarterly at fixed rental rates throughout the term of the agreement, and customizations can be made in rental agreement terms to suit the period of budget allocation and income patterns.”

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Pallet Pooling Market: Competitive Landscape

The pallet pooling market is highly consolidated, owing to the presence of a limited number of pallet pooling service providers across the globe. Brambles Limited, Euro Pool Group, Faber Halbertsma, and Loscam are considered to be leading players in the pallet pooling market. Most market players are focusing on expanding their sales footprint in developing markets such as South Asia and the Middle East through the establishment of additional regional offices and sales partners.

Focus on Technological Advancements in Pallet Pooling

Increasing requirement of technologically-advanced pallet systems throughout the supply chain for lean management is anticipated to support the future growth of the global pallet pooling market.

Find More Insights on Pallet Pooling Market

The research report analyzes the total sales value of the pallet pooling market on the basis of revenue generated by market players from the target product. The market is forecasted on the basis of factors such as warehouse traffic flow, adoption rate, government regulations, and sustainable development. The scope of the research report includes pallet management services catering to FMCG, food & beverages, chemicals & pharmaceuticals, and other related end-use industries.

Key segment:

By Structural Design:

  • Block
  • Stringer
  • Customized

By Material:

  • Wood
  • Composite
  • Plastic
  • Steel
  • Other Metals

By End Use:

  • FMCG Industry
  • Food & Beverages
  • Pharmaceutical
  • Electronics
  • Chemicals
  • Others

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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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Power Tools Market size High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2031 

The global power tools market size was valued at US$ 33.36 Bn in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% CAGR between 2021 and 2031. Tools that are activated using a power source apart from manual labor are termed as power tools.

They are employed in many different contexts, such as manufacturing and assembly lines, upkeep and repair, packaging, and do-it-yourself projects. Demand for power tools is influenced by a number of factors, including mobility, labor-saving features, and ease of use and efficiency.

As manufacturing activity increases across the sector, demand is anticipated to soar. The majority of market revenue throughout the forecast period will, according to fmi, be accounted for by production programmes. Additionally, the industry will have more potential for revenue growth because to the rising popularity of DIY sports.

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Key Takeaways from Global Power tool Market Study

  1. The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
  2. The overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
  3. The U.S. is expected to spearhead growth in North America, accounting for over 62% of the overall share in the region in 2021
  4. The U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
  5. The outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

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Key Segments

Product Type

  • Drilling Tool
  • Fastening Tool
  • Heat Gun
  • Angle Grinder
  • Chain Saw
  • Orbital Sander
  • Jigsaw
  • Impact Wrench
  • Circular Saw

Technology

  • Electric
    • Corded
    • Cordless
  • Pneumatic

Application

  • Manufacturing
    • Metal Fabrication
    • Automotive
    • Railways
    • Aerospace
    • Furniture
    • Others
  • MRO Services
    • Facility Management
    • Automotive
    • Aerospace
    • Other Industrial
  • DIY
  • Construction

Sales Channel

  • Online
  • Offline

Region

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

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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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Malt Ingredients Market is expected to reach a valuation of USD 39.4 Bn by 2032

According to a new study by FMI, malt ingredients market is estimated to be valued at USD 24.2 Bn in 2022. As per Future Market Insights (FMI), the overall market value is expected to reach a valuation of USD 39.4 Bn by 2032, rising at a CAGR of 5% for 2022-32. driven by increasing demand from food and beverage, pharmaceuticals, and personal care industries.

In the food industry, it is used in many products such as bakery products, confectioneries, dairy & frozen food, and pet food, while in beverages, malt ingredients are used in brewing & distilling of non-alcoholic beverages and other healthy drinks.

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Growing trend of adopting natural ingredients in food and beverage industry is directly impacting the demand for malt ingredients. They are associated with number of properties such as, rich in natural sugar constituents, a good source of fibre, low in fat, complex carbohydrate, more vitamins and protein, making them an ideal food and beverage ingredient.

Gains Underpinned by Increasing Popularity of Malternatives

Malternatives are gaining significant traction as a substitute of beer, which contain malt alcohol in low proportion mixed with other types of alcohol. Wide acceptance of malternatives among the young and urban consumers is likely to complement the growth of the malt ingredients market. Hard lemonade, malt-based coolers, and a new breed of spirits are growing at a rapid rate, potentially raising the demand for malt ingredients.

  • Bacardi silver is positioned as the only malternative with the flavor of rum and the product was launched with a full scale TV, radio, and print media campaigns.
  • Key producers of malternatives include Anheuser-Busch Inc., Arizona Beverage Company LLC, Brown-Forman Corporation, Bacardi U.S.A. Inc., Molson Coors Brewing Company, and Cruzan Rum Distillery.

Factors Fueling the Malt Ingredients Market Growth

Non-alcoholic brews and malt bases of soft drinks are gaining popularity in Central Europe and the Middle East. Malt based beverages are alcohol-free and hence, are exactly lined up with halal regulations. This, in turn, is creating relatively high demand for malt ingredients, especially in Islamic and GCC countries, thereby contributing to the market growth.

Although the demand for malt ingredient-based products continue to move on an upward spiral, fewer number of market players are unable to meet the growing demand in the current scenario. This, in turn, is likely to generate opportunity for new players to enter into the market and serve large segment of the consumers.

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Malt is produced from the barley grains in a process called malting, and is used in the production of beer. Malt ingredients work as a source of starch, contributing to beer’s organoleptic and color characteristics. These ingredients also play an important role in preserving the oxidative stability of beer as the natural source of antioxidants. Growing awareness of these beneficial effects among consumers is likely to fuel the growth of the malt ingredients market.

Market Segments Covered in Malt Ingredients Industry Analysis

By Raw Material :

  • Barley
  • Wheat
  • Rye
  • Maize
  • Rice
  • Oat

By Product Type :

  • Malt Extract
    • Dry Malt Extract
    • Liquid Malt Extract
  • Malt Flour
  • Other Product Types

By Grade :

  • Specialty Malt
    • Caramelized Malt
    • Roasted Malt
  • Standard Malt

By End-Use Industry :

  • Food & Beverages Industry
    • Food
      • Bakery Products
      • Confectionaries
      • Dairy & Frozen Food
      • Pet Food
    • Beverages
      • Brewing
      • Distilling
      • Health Drinks
      • Other Non-alcoholic Beverages
  • Pharmaceutical Industry
  • Personal Care Industry

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ABOUT FUTURE MARKET INSIGHTS, INC.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Browse Latest Market reports: https://www.futuremarketinsights.com/reports

Power Tools Market forecast Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2031

The global power tools market forecast size was valued at US$ 33.36 Bn in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% CAGR between 2021 and 2031. Tools that are activated using a power source apart from manual labor are termed as power tools.

In addition to production and assembly lines, maintenance and repair, packing, and do-it-yourself projects are just a few of the uses for which they are used. The convenience and efficiency of use, the need for less time and labour, and the ease of mobility are some of the elements that are driving the demand for power tools.

Demand is anticipated to increase dramatically as manufacturing activity increases across the board. Production programmes will provide the majority of market revenue during the forecast period, according to fmi. In addition, the market will have more revenue potential because to the rising popularity of DIY sports.

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Key Takeaways from Global Power tool Market Study

  1. The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
  2. The overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
  3. The U.S. is expected to spearhead growth in North America, accounting for over 62% of the overall share in the region in 2021
  4. The U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
  5. The outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

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Key Segments

Product Type

  • Drilling Tool
  • Fastening Tool
  • Heat Gun
  • Angle Grinder
  • Chain Saw
  • Orbital Sander
  • Jigsaw
  • Impact Wrench
  • Circular Saw

Technology

  • Electric
    • Corded
    • Cordless
  • Pneumatic

Application

  • Manufacturing
    • Metal Fabrication
    • Automotive
    • Railways
    • Aerospace
    • Furniture
    • Others
  • MRO Services
    • Facility Management
    • Automotive
    • Aerospace
    • Other Industrial
  • DIY
  • Construction

Sales Channel

  • Online
  • Offline

Region

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

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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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Electrical Steel Market research | Current and Future Demand, Analysis, Growth and Forecast By 2031

The global sales of electrical steel market research  are set to be valued at over US$ 37.5 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 6.5% CAGR from 2021 to 2031.

According to the annual market analysis conducted by Future Market Insights, expansion of the energy and automobile industries has led to heightened demand for electrical steel products. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

In spite of the recessionary effect of the COVID-19 pandemic in 2020, the overall steel industry in terms of production and supply has largely remained unaffected. With the continual demand from the energy industry, growth of electrical steel in the coming decade is expected to reflect an upward trajectory for the foreseeable future.

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Demand for electrical steel is increasing with the rise in the volume of transformer and motor production and sales in recent years. This can be attributed to an increase in investments and expansion of new power generation and transmission projects in developing nations.

The growing requirement of mass production has resulted in increased importance of process automation in the electrical steel market. The market is shifting towards Industry 4.0 norms, leading to the promotion and universal adoption of new production technologies.

There is also an increasing demand from energy and automotive industries for deployment of electrical steel in various applications. Increasing number of players focusing on research and development related to electrical steel is anticipated to have a significant contribution towards market growth in the years to come.

Key Takeaways from Electrical Steel Market Study

  • Grain-oriented electrical steel is projected to hold over 51% percent of the global market share in 2021, supported by superior structural characteristics.
  • The energy sector is projected to hold over 33% of the overall market share as an end-user by 2031-end, supported by major investments into renewable energy projects.
  • The U.S. will remain a chief market, backed by rising demand from the energy sector. It is expected to account for over 86% of demand registered in North America in 2021.
  • The markets in India and China are set to surge at around 8% and 7% CAGR over the next ten years.
  • Russia is emerging as a key market in Europe, accounting for over US$ 2.1 Bn in 2021, driven by a massive energy infrastructure requirement.

“The electrical steel market is growing at a strong pace driven largely by increasing demand from the energy industry for applications in motors, transformers, and components. The increasing investment in power generation and transmission projects will create extensive opportunities for electrical steel manufacturers. Key industry participants are investing in expansions, strategic alliances, partnerships, and material innovations to gain a competitive advantage in the evolving global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says a Future Market Insights analyst.

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Competitive Landscape

The electrical steel market is moderately consolidated, with key players accounting for more than 50% of the market share. These players 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 this industry include but are not limited to Novolipetsk Steel, Voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, JFE Steel Corporation, ArcelorMittal SA, Aperam SA, Baosteel Group, AK Steel Holding Corp, Allegheny Technologies, Inc., Phoenix Mecano AG, and Steel Authority of India Limited.

Electrical Steel Market by Category

By Product Type:

  • Grain-Oriented Electrical Steel
  • Non-Grain Oriented Electrical Steel

By Application:

  • Inductors
  • Motors
  • Transformers

By End Use:

  • Automobile
  • Manufacturing
  • Energy
  • Household Appliance
  • Others (Construction, Fabrication)

By Region:

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

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Centrifugal Pumps Market share Assessment and Key Insights Analyzed Till 2031

The Centrifugal Pumps Market share is expected to grow positively through 2021, with a total valuation exceeding US$ 29 billion in 2021. According to Future Market Insights (FMI), the market for centrifugal pumps will grow at a 4.6 % CAGR between 2021 and 2031.

The agriculture sector is anticipated to increase more quickly, even if industrial applications are anticipated to have the biggest demand. The demand for agricultural centrifugal pumps is expected to rise by 4.7% between 2021 and 2031, according to FMI.

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Most regional and international players have been constrained by the existence of several Chinese suppliers of inexpensive centrifugal pumps. These firms are putting growing pressure on suppliers to lower prices while still providing high-quality, trustworthy, efficient, and technologically sophisticated centrifugal pumps.

Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Key Takeaways from Centrifugal Pump Market Study

  • Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
  • Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
  • The market in the South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
  • The markets in India and South Korea are set to surge at higher than 5% CAGR over the coming decade.
  • Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

“Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercials applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

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Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps particularly in domestic, Water and wastewater treatment industries.

Centrifugal Pump Market Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

Centrifugal Pumps Market by Category

By Product Type:

  • Single Stage Pump
    • Small
    • Medium
    • High
  • Multi Stage Pump
    • Small
    • Medium
    • High
  • Axial & Mixed Flow Pump
    • Small
    • Medium
    • High
  • Submersible Pump
    • Small
    • Medium
    • High
  • Seal Less & Circular Pump
    • Small
    • Medium
    • High

By Application Type:

  • Industrial Centrifugal Pumps
    • Oil & Gas
    • Chemical
    • Water & Wastewater
    • Food & Beverage
    • Pharmaceutical
    • Power
    • Others
  • Agricultural Centrifugal Pumps
  • Domestic Centrifugal Pumps

By Region:

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

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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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Commercial Refrigeration Equipment Market demand Insights, Deep Analysis of Key Vendor in 2022-2028

Worldwide sales of commercial refrigeration equipment market demand , which witnessed an increase of 3.4% compared to 2018, will exceed US$46 billion in revenue by the end of 2019. As a recent research study by Future Market Insights (FMI) shows, the  Commercial Refrigeration Equipment Market will develop at a moderate CAGR between 2019 and 2029. Demand will be driven significantly by more production of F&B products and preferential movement of consumers. We aim to become a quick service restaurant (QSR) at the global level.

All end-use industries will adopt sustainable and energy-efficient refrigeration systems as the norm, compelling manufacturers to expand their R&D and product innovation spending. Utilizing energy-efficient technologies to provide high-value products with low global warming potential (GWP) will be your key to gaining a sizable market share in the long term.

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Commercial Refrigeration Equipment Market Key Takeaways

  • Sales of commercial refrigeration equipment are increasing, driven by growing demand for ready-to-eat products and expanding retail outlets.
  • North America and Europe will account for more than half of the market value share by the end of 2029.
  • The food service sector will remain a major application for investment in commercial refrigeration equipment market players.
  • The implementation of new refrigerant regulations such as the EPA 680 upgrade and the Kigali amendment to phase out HFC refrigerants will have a significant impact on market growth.
  • The higher average unit cost of freezers and refrigerators implied lower sales compared to value profit, with approximately 2.6 million units sold in 2018.
  • Glass door merchandisers, which account for about a third of total sales, continue to see relatively low revenue generation compared to freezers and refrigerators.
  • Sales of beverage dispensers and display cases across end-use industries will show modest year-over-year growth in 2019, accounting for nearly 16% of total commercial refrigeration equipment sales that year.

Chinese players targeting the domestic market

The rapid adoption of alternative refrigerants to benefit from regulatory standards along with the expansion of the F&B processing industry in developed markets continues to contribute to the development of the commercial refrigeration equipment market. The growth of the commercial refrigeration equipment market in the Asia Pacific region has been driven by the shift in Asian eating habits to Western convenience foods. The ability to manufacture their own compressors gives Chinese companies a competitive edge to gain an edge in their own markets with their own brands.

competitive trends

In 2018, the top four stakeholders, including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation, accounted for a total revenue share of 20-25%. The emergence of a large number of smaller players in developing countries has created price competition, and leading market players have lost profits. Market segmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of regional participants.

Increased capital expenditure on refrigeration systems

The number of retail outlets worldwide has grown significantly over the past decade. Major players in the retail sector are expanding their presence in emerging markets in the Asia Pacific region, particularly India and China, taking advantage of the growing consumer spending power in these countries.

The retail market in developing countries is quite fragmented. However, favorable government policies on investment in the retail sector in developing countries such as India and China have led to significant growth in the organized retail sector.

Changing Consumer Preference from FSR to QSR

The rapidly changing lifestyle and shift towards westernization have shifted consumer preferences from full service restaurants (FSRs) to quick service restaurants (QSRs). The number of quick service restaurants has increased significantly in recent years. Consumer spending on QSRs increased 4.1% between FY2005 and FY2015, bringing the total market value in FY2015 to approximately $275 billion. Accordingly, overseas and local companies are making significant investments in quick-service restaurant equipment, such as showcases and vending machines.

Learn more about report content

This FMI Report is an extensive analysis of the Global Commercial Refrigeration Equipment Market that provides actionable insights on how the market growth will develop during the forecast period 2019-2029. The Commercial Refrigeration Equipment Market has been segmented into various segments for analysis. Based on the type of refrigeration equipment, application and region. This study provides valuable information on the key competitive trends and most preferred development strategies of the leading market brands.

Commercial Refrigeration Equipment Market SegmentationThe Global Commercial Refrigeration Equipment Market is segmented in detail to cover all aspects of the market and to present readers a complete market intelligence approach. 
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by product

  • beverage refrigerator
  • Freezer and Refrigerator
    • Freezers and Chillers
    • Refrigerator
  • transport refrigerator
  • glass door merchandiser
  • showcase
  • beverage dispenser
  • refrigerated vending machine
  • ice machine
  • ice cream machine

by application

  • food service
  • Food and Beverage Retail
  • Food and beverage production
  • food and beverage distribution

by region

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

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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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Telecom Tower Power System Market review : Notable Developments & Geographical Outlook 2031

The market for telecom tower power systems Market review is anticipated to grow at a CAGR of 5.8% in 2021, with an estimated global market value of US$ 3.5 Billion. According to a report by Future Market Insights (FMI), sales of telecom tower power systems are projected to grow at a CAGR of 6.7% between 2021 and 2031.

The expansion of telecom infrastructure facilities to include rural and other remote locations has led to a rise in demand for telecom tower power systems, according to Future Market Insights. Manufacturing technology developments at a rapid pace are also anticipated to support market expansion in the near future.

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Although the 2020 COVID-19 pandemic may have contributed to the recession, it had little effect on the crucial service sector of the telecoms industry. The demand for extremely energy-efficient solutions will likely continue to drive the growth of telecom tower power systems for the foreseeable future.

Over the past several years, demand for telecom tower power systems has grown along with the number of telecom tower networks. This is due to the expansion of new telecom infrastructure projects as well as an increase in investments in developing nations.

Process automation is now more crucial than ever because of the rising demand for mass production. The market is moving toward Industry 4.0 norms, which is why new production technologies are being promoted and broadly embraced.

The growing number of players focusing on telecom tower power system research and development is expected to contribute to market growth in the coming years.

Key Takeaways from Telecom Tower Power System Market Study

  • Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
  • The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
  • The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
  • The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
  • Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

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“The telecom tower power system market is growing at a strong pace driven largely by increasing demand for energy efficient power systems. Increasing investments in the telecommunication industry for the expansion of telecom infrastructure projects will create extensive opportunities for telecom tower power system manufacturers. Industry participants are investing in expansions, strategic alliances, and energy efficient solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Who is Winning?

The telecom tower power system market is moderately consolidated, with key players accounting for more than 55% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation PLC, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.

Telecom Tower Power System Market by Category

By Product Type:

  • Outdoor Telecom Power System
  • Indoor Telecom Power System

By Power Source:

  • Diesel Generator
  • Diesel Generator + Battery
  • Renewable Energy
    • Solar
    • Wind Turbine
    • Biomass

By Region:

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

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About 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.

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