Market Research Blog

The global asphalt mixing plants market is anticipated to garner US$ 8.5 Billion while expanding at a CAGR of 2.4% during the forecast period. The overall demand for Asphalt Mixing Plantsis projected to grow at a CAGR of 2.4% between 2022 and 2032, totaling around US$ 8.5 Billion by 2032.

The market is estimated at US$ 6.5 Billion in 2021 and US$ 6.66 Billion in 2022. The increasing road construction activities coupled with growing infrastructural development in countries are likely to propel industry growth.

Increasing asphalt production across the globe is a prime factor that will drive market demand. Countries, including India, Vietnam, and the Philippines, will be investing heavily in road construction & improvements in the coming decades to enhance their ranking.

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As people relocated from the countryside to urban areas to live and work over the past few years, urban areas have experienced tremendous growth. Private vehicle ownership will rise as disposable incomes rise, increasing demand on the roads and ultimately funding for road construction projects, especially in China and India. Due to the growing demand for affordable and portable construction equipment, portable product types are expected to gain the majority of market share.

Key Takeaways:

• By Product type, the portable product segment of the Asphalt Mixing Plants segment expanded at a ~2% CAGR
• Based on Application, the road construction segment of Asphalt Mixing Plants is estimated to record an ~2% CAGR
• APAC region is likely to account for the majority share of nearly 3% during the forecast period
• Europe region is estimated to gain significant traction in the market for Asphalt Mixing Plants, Germany is likely to hold the majority share.

“Constructers have been investing a lot of time and money in fostering new asphalt plant solutions to cater to important industry requirements, thus in turn, to fuel the market growth of asphalt mixing plants”.

Competitive Landscape

Key players in the global Asphalt Mixing Plants market include Speco Limited, Nikko Co. Ltd., Ammann Group Holding AG, GP Gunter Papenburg AG, Lintec & Linnhoff Germany GmbH., among others. Recent key developments among players are:

• In Aug 2022, Construction Partners, Inc. ROAD (the Company), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, announced the acquisition of Southern Asphalt, Inc., headquartered in Conway, South Carolina. As a result of the acquisition, the Company added two hot-mix asphalt plants and more than 200 employees in the Myrtle Beach, South Carolina metro area.
• In Aug 2021, Berkshire Engineering Supplies (BES) and R&G Cooper (RGC) joined forces to create Bulldog Plant & Equipment Ltd, which is said to be the only business of its kind in Britain and is set to become the number one provider of large-scale production plants in the construction materials, engineering, and energy sectors.
• In March 2022, Astec Industriesagreed to acquire MINDS Automation Group (MINDS). The firm is a leader in plant automation control systems and cloud-based data management in the asphalt industry.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Asphalt Mixing Plants market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Asphalt Mixing Plants Market by Process (Batch, Continuous) by Product (Portable, Stationary) by Application (Road Construction, Others) by Capacity (Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H) & Region (North America, Europe, East Asia, South Asia, Oceania and Middle East & Africa, and Latin America)

About the Industrial Goods & Automotive Division at Future Market Insights

The Industrial goods and Automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 40+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 140 countries. FMI is headquartered in Dubai and has delivery centers in the UK, U.S., and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that.

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The global metal recycling equipment market size is estimated to total US$ 6.9 Bn in 2022. The sales of metal recycling equipment are expected to exceed US$ 11.5 Bn by the end of 2032, in comparison to the US$ 6.5 Bn registered in 2021. Driven by the growing concerns regarding metal waste management and using recycled products, the demand for metal recycling equipment is projected to rise at a CAGR of around 6% to 7% CAGR during the forecast period 2022-2032.

The process involved for the recycling of metal waste includes collection & sorting, processing, grinding, melting, and purification. The recycling of metal from metal scrapes eliminates the consumption of other chemicals and additives that are used during the extraction from ores. Therefore, the recycling of existing metals is advantageous for catering to the growing demand for metal products across the globe.

Additionally, increasing government regulations on waste management and recycling for the efficient utilization of natural resources are anticipated to drive the demand for metal recycling equipment during the forecast period.

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Global Metal Recycling Equipment Market: Dynamics

Increasing initiatives by the governments of various regions for the efficient utilization of existing natural resources, coupled with growing focus of waste management activities, are projected to set the healthy demand for metal recycling equipment during the forecast period.

Moreover, the growing demand for metal products across the globe, along with the low cost of recycled metal products is also expected to fuel the demand for metal recycling equipment in the global market. Furthermore, the ban of waste import from the U.S. by China is also expected to create lucrative growth opportunities for the South East Asia and U.S. markets during the forecast period.

Additionally, rapid industrialization, coupled with growing urbanization and rising disposable income in developing economies such as China, India, and some ASEAN countries is also promoting waste recycling activities. This is further expected to create significant demand for metal recycling equipment in the future.

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Global Metal Recycling Equipment Market: Regional Outlook

The global market for metal recycling equipment is primarily dominated by the Asia Pacific region. The market in Asia Pacific has significant growth potential, owing to the growing awareness, along with the growing need for metal products in the region. Moreover, the shift of waste recycling from China to South East Asia is also expected to create healthy demand for metal recycling equipment in the region. The market in this region is also anticipated to grow at a prominent CAGR during the forecast period.

Moreover, the markets in North America and Europe are anticipated to register moderate growth, owing to them being developed markets, throughout the forecast period. The ban on waste imports by China is expected to create healthy growth opportunities in the North American market during the forecast period. Furthermore, the markets of Latin America and the Middle East & Africa are also projected to grow at a decent pace, owing to increasing investments in these regions.

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Metal Recycling Equipment: Market Participants

In the global market for metal recycling equipment market, manufacturers are highly engaged in capturing the markets of emerging economies in order to enhance their market share and boost their revenue generation capabilities. Some of the players engaged in the manufacturing and selling of metal recycling equipment across the globe are:

• Hitachi Construction Machinery Co., Ltd.
• Metso Corporation
• Nucor Corporation
• CP Manufacturing Inc.
• JMC Recycling Systems Ltd

• Green Machine Sales LLC
• Zato srl
• Commercial Metals Company
• Aurubis AG
• SMIS Metal Management Limited

• European Metal Recycling Limited

The research report presents a comprehensive assessment of the metal recycling equipment market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to metal recycling equipment market segments such as geography, metal type, machine type, and end use.

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The report covers exhaustive analysis on:

• Metal Recycling Equipment Market Segments
• Metal Recycling Equipment Market Dynamics

• Metal Recycling Equipment Market Size
• Current Trends/Issues/Challenges in the Market
• Competition & Companies Involved
• Value Chain of the Metal Recycling Equipment Market

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)

• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The metal recycling equipment market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various factors on the metal recycling equipment market segments and geographies.

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The global motor generator set market is forecasted to be evaluated at US$ 4,445.8 Mn by 2032, up from US$ 2,677.9 Mn in 2022, registering a CAGR of 5.2% during the forecast period.

To prevent the disruption of daily business activities due to power outages, the adoption of motor generator set is applied to provide electricity supply. Despite the lower cost of diesel generator sets, the gas generator sets are anticipated to witness a higher infiltration rate expanding the motor generator set market share.

Welding applications and induction heating applications used for automotive, electrical and electronics industries increase demand for motor generator set. The potential of generator sets to supply the required output voltage, and output frequency broadens the motor generator set market size.

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A motor generator set (M-G set) is formed by combining an electric generator and a motor. It is an integral part of most power driven equipment, such as windmills and rails. A motor generator set converts the frequency and voltage of an electric power source to the required voltage or frequency on the load side. It has an AC motor that runs continuously and, in turn, runs the DC generator, which enables the connected machinery or equipment to operate seamlessly. 

Motor-generator sets provide electrical power as needed. They can be used as power backup in crises or to power remote or rural sites, medical facilities and data processing units. They find use in several other commercial applications that need a remote source or an independent power source. A flywheel motor generator set is a type of motor generator set that provides a power source to coil launchers. 

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Flywheel motor generator sets can be classified as DC integrated, AC integrated or hybrid flywheel motor generator sets, which is widely used in the automotive Industry. 

Motor generator sets are being gradually used for welding applications, induction heating applications and for end users, such as automotive, electrical and electronic industries. These sets operate on available power supply and give the required output voltage and output frequency, making them a preferred option. The U.S. is a global leader in terms of import of motor and generator sets, followed by China and Germany. 

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Market Competitor:

Some of the key market players in the motor generator set market are The Horlick Company, Emerson Electric, Baldor Electric Co., Ingersoll-Rand, General Electric Co., Krollmorgen Corp., ABB Inc., Allied Motion Inc., Cummins Inc., Kirloskar Oil Engines, Kohler Co., Yamaha Motor, Powerica, Escorts, Sterling & Wilson, HIMOINSA, Caterpillar Inc., Trane Technologies, Mahindra Powerol, Atlas Copco AB, C&S Electric, JCB, MTU Onsite Energy, Deere & Company, Ashok Leyland, Greaves Cotton, Mitsubishi Heavy Industries, Wärtsilä, Siemens, Honda Motors, Doosan Corporation, Wartsila Corporation, Honda Siel Power Products Ltd., AKSA Power Generation, Briggs and Stratton Corporation, Generac Power Systems Holdings Inc., Cooper Corporation, PRAMAC, F.G. Wilson, Himoinsa, John Deere, Denyo, Rolls-Royce Holdings, Wacker Neuson, Jubaili Bros, Siam Telemach, Turntide Technologies, REVOLUTION Turbine Technologies, Axiflux, Comoab, Sync Power Solutions, etc.

Motor Generator Set Market: Segmentation 

Segmentation of the motor generator set market by type: 

• DC to AC motor generator set 
• AC to DC motor generator set 

Segmentation of the motor generator set market by Frequency conversion: 

• 50Hz to 60 Hz 
• 60 Hz to 50 Hz 
• 60Hz to 400 Hz 
• 50Hz to 400 HZ 

Segmentation of the motor generator set market by end users: 

• Industrial 
• Automotive industry 
• Electrical and electronics 
• Energy, oil and power industry 
• Metal and mineral industry
• Other

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The global signaling device market size is expected to be valued at US$ 5.3 Billion in 2022 and US$ 8.2 Billion in 2032. It is set to exhibit growth at a CAGR of 4% in the forecast period from 2022 to 2032. The increasing replacement of conventional products, such as Liquid Crystal Diode (LCD) lighting owing to their less efficiency is likely to fuel the demand for signaling devices in the near future.

These are frequently related to a manipulate panel which could cause the sign in case of trouble. Strobe lighting fixtures and hooters are a number of the maximum usually used signaling gadgets at enterprise premises. These are frequently applied in combination, along with strobe and siren as they could produce an alarming sound, in addition to a visible sign or flash.

The report gives an incisive coverage on the Signaling Device market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2022 and beyond.

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Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Signaling Device market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

According to the FMI’s report, the Signaling Device market is projected to record a CAGR of xx% over the forecast period. To receive the detailed insights about the Signaling Device market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

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Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2022.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2022. However, with relaxation in lockdown, the Signaling Device market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Signaling Device market.

Key Questions Answered in the Report

1. What are the key trends and challenges that will affect global Signaling Device market in upcoming years?
2. What are the factors that will influence the Signaling Device market demand?
3. Which region will be the most lucrative for Signaling Device market throughout the forecast period?
4. How will evolving regulatory policies impact the market growth?
5. What is the impact of Covid-19 on the Signaling Device market?

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Signaling Device Market: Segmentation

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Detailed analysis on the geographical region and country wise insights are offered in the latest Signaling Device market report with established market players as well as incumbents in the region.

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

The presence of numerous manufacturers around the world has led to a concentration of the global market. In order to compete with their rivals, these businesses frequently engage in mergers and acquisitions, the improvement of their current product lines, and the introduction of new products. Other small businesses are concentrating on expanding their distribution networks and direct selling in order to create new growth opportunities.

By Prominent Market Players

• R. Stahl AG
• PATLITE Corporation
• Rockwell Automation
• Honeywell International, Inc.
• ABB Ltd.
• Eaton Corporation Plc
• E2S Warning Signals
• NHP Electrical Engineering Products
• Emerson Electric Co.
• Siemens AG

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The global G-3 PLC solutions demand is anticipated to grow at a considerable pace during the forecast period from 2022 to 2032. Growth in the market is driven by rising applications of G-3 PLC solutions across various verticals. Over the years, rapid advancements in technology has necessitated the use of innovative data transferring solutions like G-3 PLC that offer fast and reliable transmission across networks. G-3 PLC solutions have been specifically developed to address the difficult challenges of powerline communications.

G-3 PLC solutions or third generation power line communication systems are plug-and play modules utilizing existing electrical networks for carrying information, with minimum installation efforts. They offer the lowest total cost of ownership and independency on telecom operators. They have become ideal solutions to facilitate high speed, reliable, long-range communication over the existing power lines

G-3 PLC solutions incorporate OFDM (orthogonal frequency division multiplexing) with forward error connection technology (FEC), and repetitive coding, which allows end users to efficiently manage and monitor their overall electricity consumption. They provide robust connections between smart grid elements to allow the application of advanced billing and demand management techniques to customer loads,

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Rising usage of G-3 PLC solutions across various applications including smart metering, home automation, electric vehicle transmission, and network management is providing a major impetus to the growth of G-3 PLC solutions market and the trend is likely to continue in the future. Similarly, growing trend towards energy efficiency and green designs of residential and commercial buildings is projected to encourage the adoption of G-3 PLC solutions during the forecast period.

Which are Factors are Spurring the Growth of G-3 PLC Solutions Market?

Rising penetration of modern technologies like smart meters and smart grids, growing need for advanced power line communications systems, favorable government support, and innovation in G-3 PLC solutions are some of the major factors driving the global G-3 PLC solutions market.

G-3 PLC solutions offer various attractive features such as easy and cost-effective installation and wide range coverage using existing electricity distribution networks, which makes them ideal for usage across utilities.

During the last few years, demand for G-3 PLC solutions has witnessed a significant increase due to their adoption across smart grid infrastructures. They are being used to provide flexible connectivity and facilitate more efficient communication in different smart grid infrastructures. Increasing government investments in expanding smart grid infrastructures coupled with rising need for conserving energy will therefore continue to provide a strong thrust to the growth of G-3 PLC solutions market during the forecast period.

What really makes G-3 PLC solutions superior to other alternatives is the presence of an innovative technology that is extremely resistant to noise and disturbances. It allows G-3 PLC solutions to automatically adapt to fluctuations in network conditions and thus makes them highly stable. This is acting as a catalyst for the growth of G-3 PLC solutions market.

Similarly, penetration of technologies like artificial intelligence (AI) and internet of things (IoT) is anticipated to further encourage the adoption of G-3 Plc solutions during the forecast period.

What are the Challenges Faced by the G-3 PLC Solutions Industry?

Although G-3 PLC solutions have numerous applications, there are various obstacles likely to pose a challenge to market growth. One such major obstacle is the poor penetration of smart meters and smart grid networks across various emerging economies.

What Makes North America an Attractive Market For G-3 PLC Solutions?

North America will continue to remain the most dominant market for G-3 PLC solutions during the forecast period, owing to the rapid advancement in technology, increasing penetration of smart meters and smart grids, and heavy presence of leading market players.

G-3 PLC technology has become highly popular across the United States in recent years. It is being increasingly adopted by leading end use verticals to facilitate faster data transfer through power transmission lines. It helps companies to significantly minimize the overall costs.

The ever-increasing trend of smart grid innovation and growing focus towards energy conservation will continue to boost the growth of G-3 PLC solutions market across North America during the forecast period.

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What is the Growth Projection for Western Europe Market?

According to Future Market Insights, Western Europe was the second largest market for G3-PLC solutions in 2022 and is projected to grow at a considerable pace during the forecast period. Growth in the market is attributed to the high adoption of power line communication technology-based products for advanced metering, faster communication, and network expansion applications.

Service providers in countries like the United Kingdom and Germany are increasing employing G-3 PLC solutions to collect meter data faster with fewer errors and in a more secure way. These solutions offer higher band width which allows long distance data transmission over medium voltage lines and thus significantly minimizes the overall costs.

Market Competition

Some of the key participants present in the global G-3 PLC solutions market include Maxim Integrated, Microchip Technology Inc., Analog Devices Inc., Infineon Technologies AG, Texas Instruments Incorporated, STMicroelectronics, RS Components Ltd, ON Semiconductor, and Ambiq Micro, among others.

These leading players are constantly innovating to develop better and efficient solutions that can meet end users’ demands. Besides this, they have adopted growth strategies such as partnerships, collaborations, acquisitions, and new facility establishments across emerging markets of Asia, Africa and the Middle East to gain a competitive edge in the market.

Key Segments Profiled in the G-3 PLC Solutions Industry Survey

By Frequency Band:

• 49 MHz to 20.7 MHz
• 10 kHz to 490 kHz

By Operating Temperature:

• -40°C to 85°C
• -40°C to 105°C

By Application:

• Smart Metering
• Network Management
• Professional Services
• Consumer Applications
• Smart Grid Communications

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Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

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The global high speed data converters market is poised to reach US$ 5 Bn by 2032, exhibiting growth at a CAGR of around 6% – 7% during the forecast period (2022-2032). As per the study, total sales of high speed data converters are projected to surpass US$ 4 Bn in 2022. High speed data converter are devices used to convert analog signals to digital signals. As a result, its application in the medical imaging, consumer audio or video and cellular communication is increasing.

In addition to this, need for rapid data conversion in several industries, especially healthcare, to avoid the delay in transmission of vital information is burgeoning. This is anticipated to propel the adoption of high speed data converters. Subsequently, surging adoption of these converters to handle enterprise-grade data management in healthcare and defense sectors is projected to boost the market over the coming years.

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Which are the Drivers Boosting High Speed Data Converters Market?

Advancements in broadband communication technology is encouraging the use of electronic gadgets with high speed processing abilities. Consequently, growing adoption of smartphones, tablets, and laptops is improving the demand for high speed data converters.

Further, demand for processing signals with more than 1 gigahertz of bandwidth in computer and technology sector is rising. This is likely to push the sales of high speed data converters.

Also, adoption of high speed data converters is expected to increase with growing inclination towards wireless local area network (LAN) across the globe. On the back of these factors, the market is expected to witness positive growth over the forecast period.

High speed data converters provides exponential data bandwidth and excellent processing power. Hence, application in digital engines loaded with heavy signals and data will drive the demand in the market.

Which are the Factors Impeding the Growth in High Speed Data Converters Market?

Lack of knowledge regarding the use of high speed data converters in smart devices is anticipated to hinder the growth in the market.

Also, integration of radio frequency (RF) data converters into system-on-chip (SOC) and field-programmable gate array (FPGA) is likely to hamper the sales of high speed data converters.

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Will North America Emerge as Lucrative Pocket for High Speed Data Converters?

According to Future Market Insights (FMI), North America is expected to hold significant share in the global high speed data converters market. Expansion of construction and industrial sector is increasing the adoption of building and industrial automation equipment.

This is likely to bolster the demand for high bandwidth process control, thereby augmenting the sales of high speed data converters. Growing adoption of smartphones, tablets, PCs, and other consumer electronics in the U.S will create conducive environment for the high speed data converters market.

Which are the Factors Driving Sales of High Speed Data Converters in Asia Pacific?

Expansion of telecommunication and consumer electronics sectors in developing regions including China, India, and Japan is likely to create remunerative opportunities for the market.

Besides this, advent of industrial automation in several industries is likely to increase the use of sensor-based systems. This, in turn, will spur the adoption of high speed data converters over the forecast period.

Apart from this, growing investments in smart city projects and advancements in enterprise-grade wireless network infrastructure in India and China is projected to accelerate the adoption of high speed data converters.

Market Competition

Key players operating in the global high speed data converters market include Analog Devices, Inc., Renesas Electronic Corporation, Texas Instruments Incorporated, Maxim Integrated, Cirrus Logic, Inc., and Linear Technology, among others.

Key manufacturers are concentrating on advancing their product line and manufacturing processes to cater to the growing demand for swift data conversion. Some of the players are also adopting business strategies such as acquisitions, collaborations, and partnerships to expand their business in the coming years.

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Key Segments Profiled in the High Speed Data Converters Market

Application:

• Wireless Infrastructure
• Process Control
• Defense and Aerospace Communications
• Industrial and Building Automation
• Monitor and Control
• Other Applications

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific excluding Japan (APEJ)
• Japan
• Middle East & Africa

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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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The report gives incisive coverage of the air conditioning systems market through a detailed segmentation of its key growth drivers, opportunities, restraints, and challenges expected to prevail in the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2021 and beyond.

The global market for air conditioning systems is expected to witness an incremental use of solar power over conventional energy sources. Furthermore, stringent regulations imposed upon the energy consumption through electronic applications including air conditioning systems will further trigger the sales of solar powered production in the market, in the coming years.

Improved dispensable income of consumers along with the rising standards of housing are attributed for the increasing demand for room air conditioners across the residential sector.

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Increasing usage of machines and demand for high-quality products in various industries coupled with the installation of smart devices in the machinery are some of the factors propelling the growth of the air conditioning systems market in the industrial automation industry. Industries are implementing automation to increase productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain a competitive edge in the industry.

According to the FMI’s report, the air conditioning systems market is projected to record a CAGR of over the forecast period. To receive detailed insights into the air conditioning systems market, our experts rely on primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on the Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, the dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in a slight setback in 2020.

Lack of human assistance and key players’ hesitation in investing in high-end machinery during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the air conditioning systems market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players in the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the air conditioning systems market.

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Key Questions Answered in the Report

1. What are the key trends and challenges that will affect the global air conditioning systems market in upcoming years?
2. What are the factors that will influence the air conditioning systems market demand?
3. Which region will be the most lucrative for the air conditioning systems market throughout the forecast period?
4. How will evolving regulatory policies impact market growth?
5. What is the impact of Covid-19 on the air conditioning systems market?

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Air conditioning systems market Market: Segmentation

By Region

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

Detailed analysis of the geographical region and country-wise insights are offered in the latest air conditioning systems market report with established market players as well as incumbents in the region.

By Segment :

By Application:

• Industrial Air Conditioning
• Commercial Air Conditioning
• Residential Air Conditioning
• Automotive Air Conditioning

By Type:

• Room Air Conditioners
• Packaged Air Conditioners
• Split Air Conditioners
• Mini Split Air Conditioners
• Ductless Air Conditioners
• Terminal Air Conditioners
• Central Air Conditioners
• Portable Air Conditioners
• Packaged Central Air Conditioners

A comprehensive analysis of the regional markets offers exclusive insights into the market performance across geographies along with relevant graphs, figures, and a list of tables.

Competitive Analysis

By Prominent Market Players

• Haier Inc.
• MAHLE GmBH
• Ingersoll-Rand plc
• Carrier Corporation
• Keihin Corporation
• Electrolux
• Hanon Systems
• Calsonic Kansei Corporation
• DAIKIN INDUSTRIES, LTD.
• Mitsubishi Electric Corporation.

With a detailed segmentation of segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects, and opportunities of each player. The report also includes an important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the air conditioning systems market market.

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