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The bridge expansion joints market is expected to be worth US$ 990.8 million in 2021, and it is expected to grow at a CAGR of 5.5 percent from 2021 to 2031.

According to the report’s findings, the market for bridge expansion joints is expected to see increased demand from construction firms and the government sector in the coming years. Rising demand for bridge expansion joints in developing countries is expected to drive the market.

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Global Bridge Expansion Joints Market Dynamics

Increasing investments for infrastructural development across the globe will act as a catalyst for the overall growth of the bridge expansion joints market during the forecast period. Moreover, increasing construction activities in developing regions, such as SEA & pacific, are estimated to fuel the growth of the bridge expansion joints market over the forecast period.

On the flip side, one of the key challenges faced by the manufacturers of bridge expansion joints is that the upper layer of steel expansion joints corrodes when exposed to salts or de-icing salts. This is anticipated to be the primary factor hampering the growth of the bridge expansion joints market over the forecast period. Moreover, bridge expansion joints require high logistics cost due to their heaviness, which is another factor anticipated to act as a restraining factor for the growth of the bridge expansion joints market in near future.

Global Bridge Expansion Joints Market Forecast

Market insights suggests that the overall size of the global bridge expansion joints market will expand over the forecast period. Several positive changes are expected to fuel the growth of the global bridge expansion joints market.

By region, China is projected to dominate the global bridge expansion joints market over the forecast period. China, followed by Western Europe, is estimated to remain the most opportunistic region in the bridge expansion joints market. In terms of value, China is projected to create incremental $ opportunity worth US$ 130.9 Mn in the global bridge expansion joints market during the forecast period. Middle East & Africa (MEA), followed by Latin America, are projected to grow at a significant CAGR over the forecast period in the global bridge expansion joints market.

By type, the closed type expansion joints segment is projected to dominate with a value of US$ 371.9 Mn in 2021. However, the open joints segment is projected to account for more than 40% share in the global bridge expansion joints market during the forecast period. In terms of growth, open type bridge expansion joint segment is projected to grow with modest growth rate during the latter half of the forecast period.

By application, the roadway bridges segment is projected to dominate the global bridge expansion joints market. In terms of volume, the demand from roadway bridges segment is projected to be pegged at 12,604 ‘000 meters by the end of 2031. In terms of value, the railway bridges segment is projected to create incremental $ opportunity worth US$ 118.8 Mn in the global bridge expansion joints market over the forecast period. Under the application segment, the roadway bridges sub-segment is expected to grow with remarkable growth rate in the global bridge expansion joints market owing to increasing roadway network in developing regions.

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 Competitive Landscape

Some of the key players involved in the manufacturing of bridge expansion joints and included in this study are Trelleborg AB, Canam Group Inc., Ekspan Ltd., Freyssinet Limited, Granor Rubber & Engineering Pty. Limited, Gumba GmbH & Co. KG, KantaFlex (India) Private Limited, Mageba SA, Metal Engineering & Treatment Co. Pvt. Ltd., ZaoqiangDacheng Rubber Co., Ltd., RJ Watson, Inc., TensacciaiS.r.l., Maurer SE and Watson Bowman Acme Corp.

Bridge Expansion Joints Market: Segmentation

The global bridge expansion joints market is segmented on the basis of type, application and region.

Based on Type:

• Open Joints
  • Butt Joint
  • Sliding Plate Joint
  • Finger Joint
• Closed Joints
  • Compression Seal Joint
  • Strip Seal Joint
  • Modular Elastomeric Joint

Based on Application:

• Roadway Bridges
• Railway Bridges

Based on Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South East Asia (SEA) & Pacific
• China
• Japan
• Middle East & Africa (MEA)

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Plastic Pigments are insoluble inorganic or organic particles added to the polymer base to give a desired color to the plastic or functional benefits the plastic. Plastic pigments which are organic in nature are difficult to disperse and tend to form clumps of pigments particles (agglomerates). This agglomerates can cause specks and spots in the final product.

Unlike the organic plastic pigments, inorganic plastic pigments such as carbon black, Metal oxides and sulphides, and others get more easily dispersed in the resin. Titanium dioxide is one of the prominent inorganic plastic pigments use in several applications.

Plastic pigments finds the number of applications in several major end use industries such as packaging, automotive, and others. With the rapid industrialization and significantly growing end use industries across the globe, demand for plastic pigments are witnessing upward trend from the past few years. And it is expected to witness a growth in terms of production as well as consumption in near future.

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Plastic Pigments Market: Market Dynamics

Significantly growing end use industries of plastic pigments bolstering the demand for plastic pigments. Prominent manufactures of plastic pigments are currently focusing on the expansion of its production facility in order to meet the increasing demand from the end use industries.

Packing industry is one of the prominent consumer of plastic pigments, high demand for packaging in developing countries and emerging markets is leading to the increasing consumption of plastic pigments. Growing significance of aesthetics in packaging assisting the adoption of plastic pigments in packaging industry.

Automotive industry also a prominent consumer of plastic pigments. Color is a key element of product design in the automotive industry, and Plastics are crucial for the exterior and interior design of many of today’s cars hence the demand for plastic pigments is increasing continuously among car manufacturer.

In the plastic pigments market, environmental regulations are the major restrictions. Manufacturers are focusing strongly on the development of manufacturing technologies in order to develop an environment friendly product.

Global Crisis: Impact of Covid-19

The global COVID-19 epidemic has impacted badly in the various countries across the globe. In the current scenario, the number of coronavirus cases have witnessing a upward trend in several countries and there are no substantial measures to counter the worldwide epidemic.

While several countries are able to control the virus up to some extents.Covid-19 has some serious impact on the global plastic pigments market. The demand for plastic pigments are witnessing a significant drop from the several end use industries, especially from the automotive industry.

As the production of vehicles are on hold in several highly impacted countries such as U.S., Brazil, and India, demand for plastic pigments are highly impacted from this industry.

Plastic Pigments: Regional Outlook

Asia Pacific is expected to be a prominent and dominant market for plastic pigments. Several countries such as China, India, Japan, South Korea, and ASEAN countries are propelling the demand for plastic pigments. Growing automotive, and packaging industry along with the rapid industrialization in the region is the key factor driving the growth of plastic pigments market.

Europe is the fastest growing market of plastic pigments, growing demand from automotive industry and consumer goods are the prominent driving factors for plastic pigments market in this region. North America is a significant market in terms of production as well as the consumption of plastic pigments.

Several prominent manufacturers of plastic pigments are located in U.S., and they have a significant global presence. Latin America, and Middle East & Africa are expected to witness a substantial growth during the forecast period, owing to steadily growing end use industries in this region.

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Plastic Pigments: Market Participants

Some of the key participants identified in the global Plastic Pigments Market includes BASF SE, Huntsman, DIC, Cabot, Chemours, LANXESS AG, Tronox, and others. The Plastic Pigments research report presents a comprehensive assessment of the 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 Plastic Pigments research report provides analysis and information according to market segments such as geographies, product type, application, aircraft brake type, and sales channel.

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 favour 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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Fire Hose is important tool for firefighting applications. It is used to carry water to the end nozzle for spraying water on targeted system. Working pressure of fire hose can vary between 6 – 25 bar pressures.

Currently, fire hose materials are composed of synthetic fabrics and elastomers via extrusion process involving two layers of fibers are woven to form a hose jacket. The embedded material of fire hoses are light in weight and offer resistance to sunlight and chemicals.

Apart from use of fire hoses in firefighters application it is also used as a flotation device in water rescue applications by inflating air in hose. Simultaneously, to avoid failure of fire hose then fire hose need to be tested frequently also before testing one has insure that there is no signs of imminent failure.

There are two types of testing used in the industries such as destructive and non-destructive type of testing. Another use of fire hose is in to pump water out of basements. Hoses are available in various qualities and its life span is depends on which material quality and its usage frequency. Fire hoses are also used in offshore, marine sector, industrial premises and others.

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Fire Hose Market: Dynamics

The mandated protocols of fire hazard prevention in residential, commercial and industrial establishments have necessitated the associated firefighting gear including fire hoses.

Also the increased usage in civic disaster incidents such as bushfires, explosions have incurred the use of fire hoses in a healthy manner.  Advancement in manufacturing processes maximizing service life of fire hoses results in less maintenance cost of fire hose is considered to be a driver for the growth of global fire hose market.

Furthermore, the research and development in improved variants of fire hoses such as fire resistant attack hose has amplified its usage by the respective end users. Conversely, there are certain problems which occur while using fire hose such as maintenance, storage, and environmental effects. Hoses placed on the apparatus vibrates and rub against the walls and debris results in wear out of the outer jacket such a problems may cater growth of fire hose global market.

Also, when fire hose fails it get explodes and can send housings and couplings blasting in air which can hit to peoples by the debris. Such aspects may restrain the growth of global fire hose market with end users resorting to substitutes.

COVID-19 Impact

The rapid outbreak of covid-19 pandemic is said to impact severely on the manufacturing sector including fire hoses in the initial phase. However, the gradual resumption of construction activities and continued demand from all end use sectors is anticipated to augment the growth of hire hose market in the subsequent periods across the globe.

Depending on segmentation carried out on material used for fire hose in early days cotton was used as a material for fire hose but in this days synthetic fibres such as polyester and nylon filament is used for construction of fire hose. Based on size segment classified size is standard size for fire hose

Fire Hose Market: Regional Outlook

Europe and North America are the two prominent regions being both production and consumption hubs of fire hoses thus enabling its growth. Besides, Asia pacific is said to be an emerging market China, India, ASEAN and Japan like countries with healthy demand from all end use sectors. GCC countries owing to stringent safety standards for residential and commercial establishments has been a lucrative market for fire hose as well.

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Fire Hose Market: Key Participants

Major companies who are key participants in the global Fire Hose market, identified across the world are:

• Angus Fire Ltd.
• National Fire Equipment Ltd
• Niedner Ltd
• All American Hose LLC
• Armored Textiles
• Richards Hose ltd.
• Newage Fire Protection Services

As of strategic point of view this key participants industries are also focusing on research and development of fire hose materials so that to make fire hose sustainable and durable. Dominant players are also focusing on manufacturing customised fire hoses to get more customer base.

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 favour 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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Fluorescent brightening agents are also called optical brighteners. These chemical compounds absorb light in the ultraviolet region of the electromagnetic spectrum and with the help of fluorescence they re-emit light in the blue region and are specialty chemicals that belong to the synthetic organic coloring matter.

Fluorescent brightening agents are mostly stilbene-based chemicals. These agents make cloths appear more vibrant and radiant, resulting in whitening effect. These brighteners are most commonly used in detergents, soaps, cosmetics, food packaging, etc.

These optical whitening agents are chemicals are used to make plastics, fibers, coatings, ink and detergents as well as to make color on dyes more prominent. Fluorescent brightening agents have many advantages over other solvents such as light fastness, ready solubility in organic solvents, high chemical stability and better heat resistance.

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Fluorescent brightening agents Market: Dynamics

Presently, Fluorescent brightening agents are extensively used in the detergents and soap sector as addition of these chemicals in the formulation help clothes to appear brighter and cleaner. Due to their superior cleaning properties they can also be used as fabric softeners, which has resulted in a growth in consumption in the laundry and cleaning sector.

It is also used in the cosmetic industry and as a bleaching additive in the paper and pulp industry. Applications of Fluorescent brightening agents have extended into the security sector as well with bank notes and bills now having fluorescence to distinguish them from counterfeit bills.

Chemicals such as di and tetra sulfonated triazole-stilbenes and a di-sulfonated stilbene-biphenyl derivative dominates the global Fluorescent brightening agent’s production. Several health hazards such as skin and respiratory allergic reactions coupled with irritation to the eyes act as a restraint for the Fluorescent brightening agents market. To add to this Fluorescent brightening agents are non-biodegradable and toxic in nature.

A worldwide slowdown in paper industry owing to the rise in use of digital alternatives, particularly in the aftermath of the COVID-19 pandemic may also impede the overall demand for Fluorescent brightening agents. The high cost of production as well as the growing usage of alternatives such as non-stilbene brighteners is also a restraint on the market growth.

Although several restraints are present, there still remains a preference for the usage of Fluorescent brightening agents due to its superior performance, when compared to alternatives, in the respective application fields.

The COVID-19 crisis has brought upon unique consequences on the fluorescent brightening agents market, with demand stagnating in sectors such as pulp & paper, while relative demand spike is estimated from sectors such as soaps and detergents.

Fluorescent brightening agents Market: Regional Outlook

The Asia-Pacific region is expected to witness a robust growth with China, India and Indonesia are expected to drive the market owing to rapid industrialization, large share of global detergents manufacturing, and a rising population with a demand for better living standards. This is primarily because of significant growth in the textile, plastics, cosmetics, and soap and detergent industries in this region.

Europe has the largest number of Fluorescent brightening agent manufactures while North America too holds a significant share in the market, however due to the recent mass closure of paper mills in Europe and the U.S. the markets in these regions have been affected negatively. Meanwhile markets in the Middle East, Latin America and Africa are forecasted to witness stable growth.

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Fluorescent brightening agents Market: Key Participants

Some of the key market participants in the global Fluorescent brightening agents market, identified across the value chain include:

• BASF SE
• Huntsman International LLC
• 3V Incorporation
• Teh Fong Min International Co., Ltd.
• Deepak Nitrite Limited
• Evonik Industries AG
• Tsaker Chemical Group Ltd
• Archroma
• Clariant
• Mayzo, Inc.
• Delta Hydrocarbon
• Kyung-In Synthetic Corporation

The research report on the Fluorescent brightening agents market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Fluorescent brightening agents market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, aircraft type, and sales channel.

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 Us

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Jumeirah Bay 2
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The global process liquid analyzer market is estimated to be worth around US$ 3.0 Bn in 2022. With rising adoption of process liquid analyzer across various industries such as oil & petrochemicals, water & wastewater treatment, and food & beverages, the overall demand is anticipated to rise at a moderate CAGR of 5.9% between 2022 and 2028, totaling a valuation of over US$ 4.22 Bn by 2028.

This indicates a decadal growth rate of 5.9% from 2022 to 2028 from an estimated value of just under US$ 2.4 Bn in 2018.

Petroleum refineries will need to modernise their blending and operational procedures, technologies, and infrastructure in order to comply with these mandates. This scenario is anticipated to create a favourable path for revenue growth of the global process liquid analyser market.

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With an increasing focus on sustainability and the green revolution, coupled with concerns pertaining to the use of fossil fuels, governments across the world are teaming up with global industry bodies to prescribe regulations to reduce the harmful effects of refined petroleum fuels.

Rapid industrialization has led to widespread urbanisation, which has increased the demand for clean, potable water and wastewater treatment. To meet the growing population’s demands, the governments of emerging economies, particularly those in the Asia Pacific, are increasing infrastructure investments in water and wastewater treatment. As a direct result of these investments, Future Market Insights forecasts a lucrative opportunity for new revenue generation in the process liquid analyser market.

Increasing Demand for Process Liquid Analysers to be Witnessed from Key End-use Industries in the Coming Years

Process liquid analysers are widely used across industries such as food and beverages, healthcare and pharmaceuticals, chemicals, water and wastewater treatment, oil and petrochemicals, automotive, paper and pulp, and power generation. Consistent growth of end-use industries has led to a rising need for providing high quality output while adhering to the stringent governmental norms ruling various industrial processes.

An increasing demand for critical industrial components such as process liquid analysers can be observed in the wake of industrial advancements that call for enhanced operational efficiency and reduction in costs as well as industrial waste. According to FMI analysis, water and wastewater treatment is the largest end-use sector in the global process liquid analyser market, both in terms of revenue and demand generation.

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Revenue Pullers in the Process Liquid Analyser Market

While the need to enhance industrial operational efficiencies and ensure consistent integrity of industrial processes is driving the process liquid analyser market, there are certain factors that are restricting revenue growth. Process liquid analysers come with very low replacement rates, requiring the replacement of the product after a span of several years. Product longevity acts as a bane in subsequent replenishments, thereby restraining replacement revenue growth to some extent.

Then again, the initial setup costs associated with process liquid analysers could be very high, depending on the end-use application. Complex process liquid analysers used in some of the crucial industrial processes may require high capital investments. This factor is also expected to act as a hindrance to revenue growth of the global process liquid analyser market.

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FMI Projections and Forecasts of the Process Liquid Analyser Market

• The process liquid analyser market is estimated to generate incremental $ opportunity to the tune of about US$ 1.8 Bn in the next 10 years
• Process liquid analysers deploying NIR technology are slated to have the widest application
• TOC analysers to dominate the global market through 2028; pH & ORP analysers to witness fastest growth owing to increasing application across several end-use industries
• Process liquid analysers with digital displays to hold largest market share in the coming decade
• Demand from the water and wastewater treatment sector will witness fastest growth during the period 2022 – 2028; this is also the largest revenue generating end-use sector in the global market
• North America to remain dominant regional market for process liquid analysers through 2028; China and India to remain top regional markets in terms of demand for process liquid analysers.

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Process Liquid Analyzer Market by Category

By Technology:

• NIR Based
• NMR Based
• ECD Sensor Based
• Laser Based

By Liquid Medium:

• Water
• Oil
• Other Chemicals & Liquids

By Product:

• pH & ORP (Oxidation-Reduction Potential) Analyzers
• Conductivity Analyzers
• MLSS (Mixed Liquor Suspended Solids) & Turbidity Analyzers
• Liquid Density Analyzers
• Chlorine Analyzers
• Dissolved Oxygen Analyzers
• Total Sulfur & Nitrogen Analyzers
• Oil in Water Analyzers
• TOC Analyzers
• Heavy Aromatics Analyzers

By Display:

• Analog
• Digital

By End Use:

• Oil & Petrochemicals
• Water & Wastewater Treatment
• Food & Beverages
• Chemicals
• Medical & Pharmaceutical
• Others

By Region:

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

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Clutch is a component of the automotive transmission system which is designed to timely engage as well as disengage power flow between transmission system and the engine. A spring is an elastic body, used to distort when loaded and to recover its original shape when the load is removed.

While the process happens, vibrations occur in the engine compartment are dampened by the clutch springs by isolating the transmission from the shock of the clutch engaging.

Strong clutch spring wire provide possibilities to enhance the power, durability, precision and of the clutch operation. Over the years, special wires such as flat rolled and shaped wire in carbon stainless round wire, low alloyed and stainless material have been used for the manufacturing of clutch spring wire. Oil tempered clutch spring wire are used for clutch springs when high resistance to fatigue, heat and permanent set in fatigue are required.

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Clutch Spring Wires Market: Dynamics

Automotive industry growth across different regions is the primary driving factors for the clutch spring wires market. In addition, proliferating demand for reliable transmission systems in conventional as well as electric vehicles is anticipated to fuel the market growth. Furthermore, ongoing technological advancements in clutch technology by OEMs is anticipated to drive the global clutch spring wires market.

Established supply chain management on OEM as well as aftermarket sales channel has been a pivotal factor for business development by international as well as domestic players. The top manufacturers are offering oil tempered special spring wire for applications with high performance requirements.

The COVID-19 pandemic has impacted the global economy at various levels where the automotive industry has not been spared. As a result, a substantial slowdown in manufacturing in the first three quarters of 2020 has been witnessed having reverberated through every manufacturing enterprise.

The outlook remains uncertain for the remaining quarter of the year as the scope of the pandemic and its effect on production and demand & supply chains which is anticipated to impede the overall Clutch Spring Wires market growth.

Clutch Spring Wires Market: Regional Outlook

The automotive industry in the North America and Europe is expected to augment the market demand for clutch spring wires, owing to high vehicle fleet in these regions.

The automotive manufacturing scenario in Asia Pacific also provides an optimistic outlook for clutch spring wires market in the coming years for the OEM as well as aftermarket. Moreover, steadily increasing investments in automobile industry in various countries of  Latin America  & Africa is anticipated to result in steady growth in the clutch spring wires market.

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Clutch Spring Wires Market: Segmentation

The global Clutch Spring Wires market can be segmented on the basis of Material Type, Clutch Spring type and Vehicle Type.

Material Type

• Stainless Steel
• Alloy Steel
• Aluminum
• Others

Clutch Spring Type

• Diaphragm Spring
• Central Spring
• Others

Vehicle Type

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Clutch Spring Wires Market: Key Participants

Some of the key market participants in the global Clutch Spring Wires market, identified across the value chain include:

• Suzuki Garphyttan
• KIS Wire
• Kobe Steel, Ltd.
• POSCO
• Neturen America Corporation
• China Baowu Steel Group Corp., Ltd.
• Zhengzhou Sinosteel
• N.V. Bekaert S.A.
• Haina Special Steel
• American Spring Wire Corporation
• Pengg Austria GmbH
• Nippon Steel SG Wire Co., Ltd.

The research report on the Clutch Spring Wires market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Clutch Spring Wires market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, aircraft type, and sales channel.

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 Us

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Fuel Cell is a type of alternative energy source broadly classified under renewable sources of energy as it utilizes hydrogen to generate electricity with heat and water as by-products.

Fuel cells are stated to achieve an electrical efficiency of over 50-60% which is also studied to reach over 80% overall efficiency when the heat is utilized in cooling applications. The fuel cell is classified in the following types such as PEM fuel cell, solid oxide fuel cell, molten carbonate fuel cell, and phosphoric acid fuel cell.

A solid oxide fuel cell is a class of fuel cell that used solid oxide material to generate electric power from the oxidizing process of fuel. A solid oxide fuel cell has several advantages over other types of fuel cells such as long term stability, fuel flexibility, high combined heat and power efficiency, low emissions, and relatively inexpensive.

Moreover, Solid oxide fuel cell is used in a variety of applications including use in auxiliary power unit’s in-vehicle, data centers, and military & defense, among others.

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Solid Oxide Fuel Cell Market: Dynamics

Power consumption by data centers is estimated to account for over 2% of total electricity consumption across the world. Energy demand from the data centers is expected to grow at a stable pace. Relying only on conventional sources of energy, given the staggering growth being witnessed by data centers can potentially lead to a rise in the total cost of ownership (or TCO), high emissions and carbon footprints.

Responding to high energy costs and growing environmental concerns, market players much recently, have been seeing immense opportunities in the area of the solid oxide fuel cell to power energy-hungry data centers. Growing attention to the prominent companies of Silicon Valley such as Apple, Microsoft, and eBay, and among many others to increased investment for commercialization of solid oxide fuel cell.

Such an aspect is expected to positively sway the solid oxide fuel cell market growth in the coming years. Also, the implementation of the fuel cell at utility power level enhances the overall efficiency of the power generation and consumption and has been witnessed that make a remarkable impact on solid oxide fuel cell adoption across the globe.

Although, one of the major negative factors that impact on the adoption of solid oxide fuel cell at a very larger scale is that its high installation cost. The raw material required for the solid oxide fuel cell is as much as 80% of the total cost of the product. Moreover, the high operating temperature of solid oxide fuel cells is also expected to constraints the market growth in the coming years.

Solid Oxide Fuel Cell Market: Regional Outlook

Based on the regional outlook, the global solid oxide fuel cell consumption is likely to witness noteworthy growth during the foreseen trajectory of the market. The solid oxide fuel cell market in North America is estimated to account for dominating share, owing to the large hub of prominent firm’s data centers

Along with Europe is also projected to hold a prominent share in the global solid oxide fuel cell market owing to the growing adoption of low emission and high efficacy energy sources. Rising environmental concerns being a key dynamic factor to impact on the adoption of solid oxide fuel cells in Europe.

Moreover, the Asia Pacific is picking up in the market due to a robust outlook for data center activities with high demand from South Korea and China. Along with this, the Middle East and Africa and Latin America are also expected to register significant growth owing to swelling usage of the solid oxide fuel cell at commercial as well as retail level in those regions.

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Solid Oxide Fuel Cell Market: Market participants

Some of the key market participants identified across the value chain of the solid oxide fuel cell market are:

• Bloom Energy
• Aisin Seiki Co., Ltd.
• SOLIDpower S.p.a.
• Sunfire GmbH
• Nexceris
• Atrex Energy
• FuelCell Energy, Inc.
• Catator AB
• Robert Bosch GmbH
• Mitsubishi Hitachi Power Systems, Ltd.
• Rolls-Royce Fuel Cell Systems Ltd.

The research report presents a comprehensive assessment of the solid oxide fuel cell market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated solid oxide fuel cell market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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.

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