Market For Equipment For High Pressure Processing Will Surpass USD 430 Million-FMI

The market for high pressure processing equipment is expected to reach a value of more than USD 430 million by 2026, with a volume CAGR of 12.3% and a value CAGR of 13.7% during that time.

Due to the launch of new clean label products and growing consumer awareness of their benefits, it is anticipated that the market for high pressure processing equipment will expand during the forecast period.

One of the key inputs used to calculate the global market size is the adoption rate of HPP equipment for cold pasteurisation in the F&B sector. During the assessment period, it is predicted that the US$ 133.5 million market for HPP equipment will generate an additional US$ 350.5 million in opportunity.

In its latest report, Future Market Insights (FMI) has identified a few of the major trends governing the overall market for high pressure processing equipment (HPPE). In brief, rapid adoption of high pressure processing techniques among premium juice manufacturers, automation and technological innovation and a growing number of HPP tolling service providers are playing a major role in shaping the market trajectories currently.

According to the report, Hiperbaric S.A a prominent manufacturer of high pressure processing equipment is the current leader in the global market as the company’s hold over the North American region is substantially strong.

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FMI’s Insights on Growth Factors

  • FMI indicates that the growing demand for processed, packaged and ready-to-eat food products worldwide are encouraging the use of high pressure processing equipment in the food and beverage industry.
  • Growing health concerns and increasing awareness amongst consumers on health benefits from “clean label” food is projected to influence the market growth from 2016 to 2026.
  • Implementation of stringent regulatory norms about food safety, especially in North American and West European countries are compelling food processing companies to install efficient HPP equipment in processing plants.

Horizontal Vessels — Leading Arrangements Type Segment

Based on vessel arrangements type, the horizontal vessel is expected to be the predominant segment of the market in terms of value over 2026. Growing demand for horizontal vessel arrangements is expected to make a significant contribution to the overall market growth. Horizontal vessels possess easy loading and unloading operations with a high volume capacity, hence, have a higher preference in the market.

By applications, meat is the largest segment in the market both in terms of value and volume. Whereas, the juice & beverage segment is anticipated to witness the fastest growth in terms of value during the forecast period.

Based on capacity, demand for above 300 litres vessels or containers is expected to gain traction over the next couple of years. Despite their high cost, the above 300 litres vessel segment is projected to register a strong CAGR due to their high holding capacity.

Based on the regional analysis, the market in North America will continue to lead the pack during the forecast period. In 2016, the region accounted for over 40% share of the market followed by Europe. In addition, both the regions collectively accounted for nearly 75% share of the market in terms of value in 2016. Owing to the substantially high demand for HPP equipment from tolling services providers and their growing application base across various end-use industries, the HPP equipment market is flourishing in the region of North America. The Asia Pacific, particularly China is set to witness a robust adoption of HPP equipment in various industrial domains over the next few years.

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Competitive Dashboard

Apart from Hiperbaric S.A, Stansted Fluid Power Ltd, Multivac Group, Bao Tou KeFa High Pressure Technology Co., Ltd, Avure technologies, and Kobe Steel, Ltd., are some other key players operating in the global market for high pressure processing equipment.

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Poultry Keeping Machinery Market – Poultry Keeping Machinery Market By Product (Feeding, Drinking, Climate Control, Incubator Equipment, Hatchery Equipment, Egg Collection, Handling, and Management Equipment, Broiler Harvesting and Slaughtering, Residue & Waste Management) & Region – Forecast 2022 – 2028

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Solar Micro Inverter Industry Expand At A 16.6% CAGR By 2026: FMI

 

Solar Micro Inverter is a DC to AC inverter used with photovoltaic installations. Unlike conventional string/central inverters, a micro inverter works on Module Level Power Electronics i.e. power conversion takes place at individual module level.

The demand for solar micro inverters is expected to witness a significant upsurge on account of increase in the number of photovoltaic (PV) installations and the need to improve overall system efficiency and safety. In 2016, the global solar micro inverters market is anticipated to register a y-o-y growth of 11.4% over 2015, and reach US$ 488.2 Mn in terms of market value.

The escalating demand for solar micro inverters will continue to penetrate the market for module-level power electronics, owing to falling prices and upcoming products.

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The higher adoption of photovoltaic installations is a key factor driving the growth of the global solar micro inverters market. Moreover, rising preference for fully integrated PV modules or AC Modules, is anticipated to fuel the demand for solar micro inverters. The U.S. National Electric Code (NEC) also favours the usage of micro inverter technology and is driving the demand for micro inverters in the North American market. However, the use of power optimisers as an alternative to micro inverters can restrain the growth of the global solar micro inverter market.

On the basis of system type, the global market for solar micro inverters is expected to be dominated by Stand Alone system sales, followed by micro inverter systems sold for developing AC Modules, named as integrated systems. In 2015, the stand alone solar micro inverter systems procured global market share of 96.7%, and are expected to attain estimated revenues of US$ 471 Mn by 2016-end.

By end-user type, the residential segment of the global market will continue dominance over the commercial segment by attaining a market share of 76.2% in 2016. Among residential end-users, changing consumer preference for more efficient and safe inverter alternative will prompt the replacement of conventional inverters with solar micro inverters. Dropping prices and rising commercial scale PV installations will incite extensive growth in the demand for solar micro inverters among the commercial segment as well.

Due to the varying use of micro inverters across the world, global players are concentrating on regions where awareness about using renewable energy resources is higher. Robust adoption of PV storage systems in the U.S. will continue to fuel demand for solar micro inverters in North America, and the region is expected to attain market value of US$ 282.2 Mn in 2016.

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Moreover, Asia Pacific excluding Japan (APEJ) is expected to be a lucrative region for the growth of the global market. The growing trade of inexpensive inverters in China and India will boost the demand for solar micro inverters in APEJ region. The key players contributing to the growth of the global solar micro inverters market include, SMA, Darfon Electronics, ABB, APSytems, Chilicon Power, iEnergy, Enphase, NEP, SunPower, and Sparq Systems among others.

Long-term Outlook: The global solar micro inverters market is expected to expand at a CAGR of 16.6% during the forecast period 2016-2026. Over the forecast period, North America and APEJ will continue to be the most profitable regions for the growth of the global market for solar micro inverters.

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Growth In The Manufacturing, Retail And E-Commerce Sectors Has Fuelled The Sales Of Barcode Printers Worldwide

Over the forecast period of 2016 to 2026, the global Barcode Printers market is expected to grow at a CAGR of 7.4% in terms of sales, owing to factors affecting its end-use. Barcode printers are special printers that are used to produce barcodes and product labels. Barcode printers are distinct from typical printers in that they employ different consumables to create a barcode print image. These printers are built in such a way that they can produce clear, machine-readable barcode prints at quicker printing speeds and for a lower cost.

A Barcode printer is defined as an electronic device designed specifically for the printing of barcodes. The working principle and build of a barcode printer are slightly different from computer printers as it uses ribbons and labels working in tandem to get a barcode printed. Barcode printers usually don’t have programmable logic controllers, but rely on an external computer system.

Growth in the manufacturing sector is reviving after the 2008 economic crisis. Automation and streamlining of manufacturing processes are being adopted by a large number of manufacturing companies worldwide to reduce time and material wastage, thereby improving efficiency and output. Barcoding is one such technique that is increasingly being adopted. This process has reduced production time considerably in the manufacturing process, thereby driving demand for barcode printers.

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Barcodes have become the de facto standard for product information storing and labeling. Retailers worldwide use barcodes for the hassle-free recording of supplies and commodities and their sales to customers. Barcodes imprinted on labels are stuck to the products and they record information about the product count, date of manufacture, date supplied to the retailer, selling price, etc.

When these products are scanned, the information is retrieved and monitored. This entire process, which is achieved within a matter of seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses.

However, the threat of RFID tags as substitutes to barcode labels and the low compatibility of barcode printers with different operating systems act as restraints in the global barcode printer market.

Segmentation highlights

The market is categorically divided into six segments based on printer type, printing technology, consumables, application, distribution channel, and region. The printer type segment of the barcode printers market includes Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode printers and Others.

On the basis of printing technology, the market has been divided into Thermal Transfer, Direct Thermal, Dot Matrix, Laser and Ink Jet. On the basis of distribution channels, the market is segmented as Direct-to-End User, Direct-to-OEM, Dealer/Distributor, and Systems Integrator. On the basis of application, the market has been divided into industrial/manufacturing, transportation/logistics, retail, healthcare, government, and commercial services.

  • The Industrial Barcode Printer segment holds the highest market share of 46.1% closely followed by the Desktop Barcode Printer in the Barcode Printers Market. The Industrial Barcode Printer segment is also expected to dominate in the forecast period with a CAGR of 8.3% due to a preference of sturdy and rugged barcode printers with higher productivity.
  • Thermal Transfer segment holds the highest market share amongst all with 62.8% and is expected to improve further in the forecast period owing to very less cost involved, while Dot Matrix, Laser, and Ink Jet printing technologies are least preferred technologies and are on the verge of being phased out.
  • Dealer/Distributor is the most preferred supply channel and is expected to dominate in the future due to higher distribution efficiency, low supply costs and faster delivery times.

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Regional projections

North America and Western Europe are the most promising regions for the market’s growth owing to higher preference of barcoding technology in different applications, while the market in the Latin America region is on a slow and stagnant growth due to low adoption of barcoding technology. The growth of the Barcode Printers market in APEJ region may also grow at a slower pace due to saturation and slow down of the manufacturing sector in China.

The Industrial Barcode Printer Segment Holds the Highest Market Share in the Global Barcode Printers Market

Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode Printer, and Others are the several types of barcode printers available. In the Barcode Printers Market, the Industrial Barcode Printer category has the biggest market share of 46.1 percent, followed by Desktop Barcode Printer.

Due to a desire for strong and tough barcode printers with higher productivity, the Industrial Barcode Printer segment is predicted to dominate in the forecast period with a CAGR of 8.3%.

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Automotive Park Brake Lever (Handbrake) Market Research Report by Type, by Production Technology, by Application, by Function – Global Forecast to 2032

Automotive park brake lever or commonly known as automotive handbrake or emergency brake helps in preventing the vehicle to move once it is being parked. Automotive Park Brake Lever (Handbrake) is one of the mandatory component of the vehicle. Automotive Park Brake Lever (Handbrake) can be of two types conventional lever and the electronic parking brake (button type). Conventional automotive park brake lever is well established in the market while electronic automotive park brake lever is a luxury feature which provides more storage space between the front center console of the vehicle. Owing to increasing automotive sales and vehicle fleet, the demand for Automotive Park Brake Lever (Handbrake) is also estimated to witness significant growth in the coming years. This in turn is expected to contribute to the growing market of Automotive Park Brake Lever (Handbrake) across the globe during the forecast period.

The global automotive park brake lever (handbrake) market size is expected to reach US$ 480.2 Million in 2022 and US$ 722.6 Million in 2032.

As per FMI, the automotive park brake lever (handbrake) market is likely to exhibit growth at a CAGR of 10.1% in the forecast period from 2022 to 2032.

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Automotive Park Brake Lever (Handbrake) Market: Dynamics

Sales of Automotive Park Brake Lever (Handbrake) is directly correlated to automotive production and vehicle parc. Growing automotive demand and subsequently increasing automotive sales particularly in the developing countries is estimated to be the key driver for the growth of Automotive Park Brake Lever (Handbrake) Market during the forecast period. Rapidly growing electric vehicle market with expected fall in the manufacturing costs for all classes of electric vehicle is also considered to be one of the major factor propelling the demand for Automotive Park Brake Lever (Handbrake) across the globe.

The ongoing trend gaining momentum in the Automotive Park Brake Lever (Handbrake) market is the increasing traction towards electric parking brake which adds new functionality to the vehicle. The electric parking brake is operated by a switch that electronically applies the braking effort and hold the vehicle stationary.

Automotive Park Brake Lever (Handbrake) Market: Regional Outlook

The market for Automotive Park Brake Lever (Handbrake) is expected to be dominated by the Original Equipment Manufacturer (OEM) sales channel segment owing to lower replacement rate of Automotive Park Brake Lever (Handbrake). Hence the market is expected to be more dependent on the production of automotive. Therefore, countries with significantly higher production rate of automotive will account for dominant share in the global Automotive Park Brake Lever (Handbrake) market during the forecast period. China being the largest producer of vehicles with more than 29 million units of production in 2017, is estimated to dominate the global Automotive Park Brake Lever (Handbrake) market in terms of unit sales during the forecast period. U.S. with more than 11 million automotive production is estimated to be the second largest market for Automotive Park Brake Lever (Handbrake) across the globe. Owing to significantly increasing production, countries such as India, ASEAN, Iran, Netherlands, Russia and Turkey are expected to project relatively higher growth opportunities in the global Automotive Park Brake Lever (Handbrake) market

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Automotive Park Brake Lever (Handbrake) Market: Key Participants

Examples of some of the market participants identified across the value chain of the global Automotive Park Brake Lever (Handbrake) market include:

  • AB SKF
  • Ficosa International S.A
  • Hitachi Automotive Systems, Ltd.
  • Continental AG
  • SKF Group
  • ZF Friedrichshafen AG
  • Aisin Seiki Co., Ltd.

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)

Automotive Park Brake Lever (Handbrake) Market: Segment

The global Automotive Park Brake Lever (Handbrake) market has been segmented by lever type, functionality type, by vehicle type and by sales channel

On the basis of lever type, the global Automotive Park Brake Lever (Handbrake) market has been segmented as:

  • Pull-twist Handgrip Lever
  • Pull-press-button Hand-Lever
  • Pull-squeeze Pistol-grip Hand-lever
  • Pull-press-button Hand-lever
  • Push Button

On the basis of Functionality type, the global Automotive Park Brake Lever (Handbrake) market has been segmented as:

  • Conventional Automotive Park Brake Lever
  • Electric Automotive Park Brake Lever

On the basis of vehicle type, the global Automotive Park Brake Lever (Handbrake) market has been segmented as:

  • Conventional Vehicles
  • Passenger Car
  • Compact Cars
  • Mid-size cars
  • SUVs
  • Luxury Vehicles
  • Light Commercial Vehicles
  • Heavy Commercial Vehicles
  • Electric Vehicles

On the basis of Sales Channel, the global Automotive Park Brake Lever (Handbrake) market has been segmented as:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

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Report Highlights:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Cryogenic Valves Market Report Perspective with Study of Leading Players 2032

Over the forecast period of 2022-2032, the cryogenic valves market is expected to grow at a CAGR of 4.8% and reach a valuation of US$ 5,523.5 Mn by the end of 2032. Rising demand for cryogenic gases from various end-use sectors is estimated to drive growth in the global market over the forecast period. Development of new technologies and increasing investments in gas-based power plants are also set to push the market globally. Moreover, expansion of the food & beverage and chemical sectors in Asia Pacific is creating new opportunities for market players.

Besides, growth can be attributed to ongoing expansion of the industrial and healthcare sectors worldwide. Increasing demand for cryogenic gases such as LNG and liquid helium in rockets is likely to augur well for the global market. Also, MRI machines require cryogenic cooling, while the food sector needs to store large quantities of food, which would aid growth. Increasing development of green energy worldwide is also expected to drive growth.

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Moreover, increasing demand for energy across the globe is likely to aid the global market. Governments of various emerging economies are taking several initiatives to accelerate power production and develop their infrastructures. As per the India Brand Equity Foundation (IBEF), by 2022, the country is likely to become the world’s third largest construction market. India is estimated to need investments worth US$ 777.73 Billion across infrastructure for a sustainable development by 2022. These factors are projected to help the global market to grow at a rapid pace.

Key Takeaways from Market Study

  • By valve type, the gate valves segment is expected to grow at a CAGR of 9% during the forecast period.
  • By gas, the LNG gas segment is anticipated to dominate the market and account for about 1/3rd of share.
  • By end use, the power & energy segment is projected to lead the cryogenic valves market and create an absolute dollar opportunity worth US$ 128.8 Mn during the forecast period.
  • In terms of region, sales of cryogenic valves in South Asia & Pacific are estimated to exhibit a CAGR of 0%.
  • The China cryogenic valves market is estimated to grow at a CAGR of 7% in the assessment period.

“Increasing implementation of stringent regulations for emission control in the power generation sector and rising adoption of refrigeration systems in the F&B sector are creating new growth opportunities for cryogenic valves manufacturers,” says a Future Market Insights analyst.

Competitive Landscape: Cryogenic Valves Market

Some of the key players in the global market are Flowserve Corp., Herose, Emerson Electric, L&T, Samson, Cryocomp, Habonim, Parker Hennafin, Bray Corp.,Velan, Weir Group, Powell Valves LTD., BAC, Kitz Corporation, Mack Valves, YPS Valves Ltd, and OMB Valves SpA among others. Manufacturers are strategically collaborating with technology partners for maintaining strong relations. They are also looking forward to helping the oil and gas industry by providing technologically advanced products.

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Get More Insights on the Cryogenic Valves Market

The research report analyses the market demand trend for the cryogenic valves. The global market is based on macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the cryogenic valves market report is studied and analyzed in the following segments such as by valve type, by gas, end use & regions. The cryogenic valves market report gives us qualitative and quantitative information about the companies.

Key Segments Covered in Cryogenic Valves Market Analysis

By Valve Type:

  • Globe Valve
  • Gate Valve
  • Check Valve
  • Ball Valve
  • Others

By Gas Type:

  • Nitrogen
  • LNG
  • Oxygen
  • Hydrogen
  • Liquid Petroleum
  • Ethylene

By End Use:

  • Food & Beverage
  • Healthcare
  • Chemicals
  • Energy & Power
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East & Africa
Customization Before Buying, Visit @ https://www.futuremarketinsights.com/customization-available/rep-gb-7125About the Industrial Automation Division at FMI

The industrial automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sectors and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

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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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Value of the HVAC Blower and Fan Systems Market at US$ 3976.3 Million with a 3.3% CAGR: FMI

The global HVAC blower and fan Systems market garnered a market value of US$ 2887.6 Million in 2022 and is expected to accumulate a market value of US$ 3976.3 Million by registering a CAGR of 3.3% in the forecast period 2022-2032. Growth of the HVAC blower and fan market can be attributed to the increasing need for ventilation and cooling systems in commercial sectors. The market for HVAC blowers and fans registered a CAGR of 3.1% in the historical period 2016-2021.

HVAC blower and fan systems are air ventilation systems which ensure efficient movement of air through various heating, ventilation and air conditioning systems. These HVAC blower and fan systems are composed of an electric motor, modules, resistors and fans. Ranging from automotive industry, aviation industry and residential sector, these HVAC fans and blower systems find applications across a diverse set of industries.  HVAC blower and fan systems market comprises a wide range of products and ancillaries depending upon the intended application. HVAC blower and fan systems are widely used in industrial applications such as those in power generation, mining, Oil & Gas, aviation, and automotive industry among others.

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Besides ensuring optimum movement of air, these HVAC fans and blower systems also play a vital role in ensuring safety of vital components such as engines. Thus, HVAC blower and fan systems are used in many industrial applications owing to which, HVAC blower and fan systems market is expected to witness significant growth during the forecast period.

HVAC Blower and Fan Systems Market: Dynamics

Anticipated steady growth in industrialization, especially in developing countries such as those in Asia Pacific, Latin America and Africa is expected to drive the growth of global HVAC blower and fan system market during the forecast period. Automotive industry accounts for a significant share in global HVAC blower and fan systems market. Anticipated steady growth in automotive production is expected to fuel the growth in demand for HVAC blowers and fans.

Moreover, growth in construction activity and infrastructure related spending coupled with increasing urbanization, especially, in developing countries in Asia Pacific and MEA regions is another factor that is expected drive growth of HVAC fans and blowers market. Furthermore, efforts towards development of efficient systems that adhere to standards such as LEED, and ASHRAE are expected to be witnessed over the forecast period. Demand for HVAC blower and fan systems is expected to register a moderate single digit growth over the forecast period.

However, relatively high cost associated with manufacture of some of these HVAC blowers and fan systems is expected to be one of the factors that are expected to act as impediments to growth of the market during forecast period. Furthermore, use of some of the harmful gases in certain systems and regulations and restrictions pertaining the same is another factor that is likely to impede the growth of market.

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HVAC Blower and Fan Systems Market: Segmentation

The global HVAC blower and fan systems market is divided on the basis product type, and end users. On the basis of product type, HVAC blower and fan systems market can be segmented as axial, centrifugal, backward inclined fans, others. On the basis of end users, the global HVAC blower and fan systems market can be segmented as Industrial, residential and Commercial users.

HVAC Blower and Fan Systems Market: Regional Outlook

The global HVAC blowers and fan market is expected to register a steady CAGR over the forecast period. North America is expected to account for a significant share in global HVAC blowers and fan market in various industrial and commercial applications. Asia Pacific region is expected to witness relatively faster growth owing to growth across key application sectors for HVAC blowers and fan systems. Moreover, MEA and Eastern Europe regions are expected to witness steady growth owing to anticipated steady growth in construction activity in the region over the forecast period. Overall, the HVAC blowers and fan systems market is expected to witness steady growth during the forecast period owing to rising demand in various segments.

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HVAC Blower and Fan Systems Market: Market Players

Examples of some of the market participants in the global HVAC blowers and Fan systems market identified across the value chain include:

  • CG Power and Industrial Solutions Limited
  • Acme Engineering and Manufacturing Corporation
  • Air systems component Inc.
  • Wuhan General Group (China) Co. Ltd.
  • Continental blower LLC
  • Air Master Fan company, Inc.
  • DongKun Industrial Co. Ltd.
  • Fläkt Woods Group SA
  • Greenheck Fan Corporation
  • Howden Group Ltd
  • Loren Cook Company
  • Gardner Denver, Inc.
  • CECO Environmental
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, 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 segments. The report also maps the qualitative impact of various market factors on market segments and geographies. 

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

About Future Market Insights (FMI)

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

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Demand In Germany HSS Tools Market Is Expected To Rise At Nearly 4% CAGR Over The Forecast Period 2031 End

As per Future Market Insights’ analysis, the high speed steel (HSS) tools market is projected to be valued at ~US$ 5.5 Bn in 2021, expanding at a CAGR of ~5.9% over the forecast period of 2021-2031. Industrial advancements across the globe and increasing investments in mechanical equipment are key factors fuelling the demand for HSS tools.

The global economy was severely impacted by the unprecedented difficulties caused by the COVID-19 outbreak. As a result, supply chain networks and manufacturing operations have been brought to a halt.

During the recession, the HSS tools market experienced slow sales growth. However, it is expected to recover sharply through 2021 as economic activity resumes following the end of the pandemic.

Manufacturers are investing in R&D to release advanced products with higher levels of durability and longer life cycles. During the assessment period, these factors are expected to have a positive impact on the growth in demand for HSS tools.

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The HSS tools market is expected to keep recording a positive trajectory owing to an increasing demand across various manufacturing and production industries. Besides this, investments in machinery for Industrial sectors will guarantee growth through the forecast period.

Key Takeaways of the HSS Tools Market Study

  • Drills are projected to account for over 30% of the HSS tools sold through 2031 owing to strong demand from the metal cutting industry.
  • Coated fabrication accounts more than 67% of the market on the back of higher durability of end products.
  • Germany holds the lead in the Europe market accounting for a valuation of US$ 249.2 Mn in 2021 owing to the presence of key manufacturing and processing facilities.
  • The U.S. holds 86% of the overall North America market, supported by robust supply chains and access to updated technologies.
  • India will account for a valuation of US$ 287.3 Mn in 2021, driving the South Asia and Pacific market to surpass North America by the end of 2031.

“From industrial equipment, heavy machinery, marine tools, to aerospace and national defense, the demand for HSS tools will increase across diverse industries. This growth will support by rapid improvements in manufacturing technologies and demand for improved quality of commodities,” says Future Market Insights analyst.

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Who is Winning?

The HSS tools market is moderately fragmented, in which the leading players account for more than 50% of the market share. The penetration of small regional players makes this market more competitive.

These players have higher shares in the global market, and have longstanding relationships with a number of distributors and end users, giving them an upper hand among their peers.

Key Players:

Some of the key players in the market are Sandvik AB, Mitsubishi Materials Corporation, OSG Corporation, Kennametal Inc., YG-1 Co., Ltd., TTI Group, Stanley Black & Decker, Inc, Tiangong International Co. Ltd., Sumitomo Electric Hartmetall GmbH, TDC Cutting Tools Inc., CERATIZIT S.A., KYOCERA Corporation, Gühring KG, Walter AG, RUKO GmbH, Tivoly SA, Alpen-Maykestag Gmbh, Izar Cutting Tools SaL, August Beck GmbH & Co. KG, Karnasch Tools, Krino Spa, Dürr AG, PT GmbH, Bohrcraft Werkzeuge GmbH & Co. KG, VÖLKEL Threading Solutions, PFERD GmbH & Co. KG, IMC International Metalworking Companies B.V., Allied Machine & Engineering Corp, Narex S.R.O. among others.

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High Speed Steel (HSS) Tools Market by Category

By Tool Type:

  • Drill Taps
    • Combo Taps
    • Spiral Flute Taps
    • Spiral Point Taps
    • Taper Pipe Taps
    • Fluteless Taps
    • Machine Taps
    • Hand Taps
    • Round Dies
  • Drills
    • Extra Length Drill
    • Double Ended Body Drill
    • Straight Flute Drill
    • Spiral Drill
    • Slow Helix
    • Taper Pin Drills
    • Straight Shank Drills
    • Taper Shank Drills
    • Parallel Shank Drills
    • Aircraft Extension Drills
    • Worm Pattern Drills
    • Central Drills
    • Spade Drills
    • Step Drills
    • Sheet Drill
    • Spot Drills
    • Slot Drills
  • Mills
    • End Mills
    • Hollow Mills
    • Threaded Mills
  • Countersinks
    • Single Flute Based
    • Three Flute Based
    • Deburring Countersinks
  • Cutters
    • Back Spot Face Cutters
    • Slot Cutters
    • Routing Cutters
    • Corner Rounding Cutter
    • Single Flute Deburring Cutter
    • Annular Cutter
    • Dovetail Cutter
    • Woodruff Cutters
  • Reamers
    • Drill Reamers
    • Socket Reamers
    • Ball Pin Reamers
    • Taper Shank Bridge Reamer
    • Angle Reamer
    • Sprue Bush Reamers
    • Extra Length Reamers
    • Chucking Reamers
    • Diemaker Based Reamers
  • Drill Blanks and Sets
  • Square Tool Bits
  • Counterbores
  • Round Bits
  • Rotary Burrs
  • Hole Saws

By Fabrication:

  • Coated
  • Non-Coated

By Configuration:

  • Hand Based
  • Machine Based

By End Use Industry:

  • Metal Fabrication
  • Automotive and Transportation
    • Automotive
    • Railways
    • Aerospace
    • Marine
  • Heavy Machinery
  • Construction
  • Furniture & Carpentry
  • Oil & Gas
  • DIY
  • Other Manufacturing

By Region:

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

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Military Parachute Market Of Remain High Value – High Growth Regions In Europe And North America | FMI

As per a recent market research intelligence report released by Future Market Insights (FMI), with governments of major developed economies having increased their overall military budget and spending in the last few years, demand for military parachutes, too is estimated to grow. Growing instances of joint para-trooping exercises and increasing air-borne combing will substantially contribute to the sales of military parachutes.

Global sales of military parachutes are expected to peak at approximately US$ 918.4 million in 2019, representing a moderate 4.3 percent annual growth in global revenue over the same time period.

On the basis of region, the Military Parachute Market report is segmented into six regions: Europe, Latin America, North America, Japan, APEJ and MEA. North America will be a significant market, with maximum demand coming from the personnel parachutes segment.

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North America to Dominate Military Parachute Landscape; APAC Fastest Growing

While North America is estimated to dominate the military parachute landscape with the maximum market share, falling military spending in the Middle East over the past few years, despite increasingly growing tensions in regions like Iraq, Libya, Syria and Yemen, demonstrates a limited revenue-generating landscape in the Middle East. On the other hand, the military parachute market in Asia-Pacific is projected to exhibit a relatively higher CAGR, considering growing maritime patrol operations across South China Sea and Indian Ocean coupled with substantial defense expenditures by China and India.

“FMI forecasts notable spending on RDT&E activities, aimed at expanding the applications of parachutes used in military sector. In addition, growing demand for troop parachute and air-dropping of troops would supplement to the adoption of lightweight and high load carrying military parachutes. Light-weighting of military parachutes is expected to remain a crucial revenue generating opportunity for the manufacturers. Although nylon remains the most widely used material given its high elasticity and more resistance to mildew, Dacron and Kevlar have also been used for parachute canopies”, Senior Analyst, Future Market Insights.

FMI Identifies Pain Points that need to be addressed

  • Military Parachute Manufacturing Lacks Regulation Standardization

Manufacturers of military parachutes are governed by region-specific regulations with varied testing standards. Moreover, in the absence of uniform flammability standards, manufactures use their own testing protocols, making it difficult for such products to find prominence, at a global level.

  • Military Parachutes Users are More Prone to Injuries

Although parachuting is a fast and effective way of transporting large number of troops, it also is responsible for a number of injuries and sometimes, death owing to imperfect landing. Several studies indicate that injuries in static line group is much higher compared to free fall group. In addition, light suits replacing the traditional free-fall parachute jumps for tactical operations, is projected to limit the sales of military parachutes, in the coming years.

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Round-Type Military Parachutes Generate Maximum Revenue; Ram-Air Parachutes Gain Prominence

With approximately 40 percent market share, round-type parachutes will push maximum revenue into the global military parachute market given its superior utility in in military, emergency, and cargo applications. However, advancing at a relatively higher year-on-year growth rate, compared to other types of military parachutes including cruciform parachutes and ribbon and ring/annular, the Ram Air parachutes are the most recent innovation designed to handle, spread, and mitigate the stresses of deployment at terminal velocity. Also, known as parafoils, Ram Air parachutes have the ability to lose altitude quickly, eliminating the need for spirals and S-turns, thereby making it crucial in tactical assault systems.

“In terms of application, military parachutes for personnel will account for almost 85 percent market share, by 2027-end, considering its responsive handling, safe flight characteristics, and better glide performance”.

Insights from Competitive Landscape Analysis

  • Tier-1 players are projected to exhibit dominance over 35-40 percent market. Such players include BAE Systems, Safran SA, CIMSA Ingenieria de Sistemas, S.A., and FXC Corporation.
  • Nearly 60-65 percent market concentration demonstrated by tier-2 players including Complete Parachute Solutions, Inc., and Aerodyne Research, LLC.

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Tear Tape Dispenser Market Has Been Analysed Based On Sales Growth and Value Across Different Regions

The tear tape dispenser is the smart and innovative way of packaging solution for the ease in opening of product. In tear tape dispenser, the machine holds the packaging film and helps in the cutting and feeding the tear tape.

There are two type of tear tape dispenser automatic and semi-automatic depending on their type of operations. In semi-automatic machine the operator holds the object and pack while the machine releases tape, but in automatic dispenser the whole process is automatic. Tear tape applicator are uses in the pharmaceuticals, tobacco, food and beverage industry.

Tear tape dispenser is the cost effective packing solution which increase the shelf life of the product, with the rapid growth in processed food industry and pharmaceutical industry, the market for the tear tape dispenser is also growing during the forecasted period.

Previously scissors or knives are used to unpack the product but with the innovative solution of tear tape, it provide the ease of unpacking this eliminates the use of external tools and this acts as a driver for the tear tape dispensers market. With the increase in growth of food and beverage industry, pharmaceutical industry and tobacco products such as cigarettes & cigar packets has fueled the growth of the tear tape dispenser market.

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However there are few factors that restrains the growth of the tear tape dispenser market is the initial set up cost and the regulations implemented by the government for the use of plastic. Nowadays, manufacturers of the tear tape are working on hologram tape for brand promotion and using steel & aluminum material due to increase in regulations on plastic usage.

COVID-19 has affected the transportation of goods in the past quarter during the nation-wide lockdown. Less production, minimal resources availability and restricted transportation have added many challenges for the market growth across all nations. Post lockdown the industries are back in operations this shows the steady growth to the tear tape dispenser market.

Tear Tape Dispenser Market: Regional Outlook

The tear tape dispenser market has been analyzed based on sales growth and value across different Regions that include Asia Pacific, Latin, and North America, Oceania, Europe, and the Middle East and Africa.

In the region of Asia Pacific the market for the tear tape dispenser shows the rapid growth due to increase in pharmaceuticals, food and beverage industry with the increase in use of tear tape packaging solution. On the basis of consumption United States, India and China has the highest market shares.

The market of tear tape dispenser is already matured in the region of North America and Europe. Further Middle East & Africa and Latin America are expected with the steady growth in tear tape dispenser machines.

Tear Tape Dispenser Market: Key Players

The key players of tear tape dispenser market are

  • Fidia Macchine Grafiche S.r.l
  • ENPRO GMBH
  • Acimga
  • Hitech Asia Co., Ltd.
  • Newtown Packaging Ltd
  • MGL INTERNATIONAL, INC

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on cement packaging market segments and geographies.

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Regional Analysis Includes

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

Tear Tape Dispenser Market: Segmentation

Globally, the tear tape dispenser market is segmented by types of machine, types of tear tape and end uses

Machine:

  • Automatic Machine
  • Semi-automatic Machine

Types of Tear Tape:

  • Metal
  • Aluminum
  • Steel
  • Plastic
  • Polypropylene
  • Polyethylene terephthalate
  • Low-density polyethylene

End Uses:

  • Food & Beverage
  • Pharmaceutical Industry
  • Tobacco Industry
  • Cosmetic Industry
  • Others

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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.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
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Cement Sacks Market in Middle East & Africa Is Estimated to Witness Lethargic Growth During the Forecast Period

Cement sacks are made of paper, plastics, and jute. Cement sacks have high strength and load-bearing capacity and are therefore used in the building & construction industry where there is a need for heavy duty packaging solutions. The packaging industry is focusing on end-user convenience.

To optimize efficiency and cost, higher preference is given to lightweight packaging solutions that deliver high performance at a lower cost. Cement sacks are custom designed to meet the requirements of shippers and provide high-quality protection that meets easy handling, shipping, service, and storage requirements.

Cement sacks are easy to manufacture and offer a number of added benefits that go a long way in making them one of the ideal preferences in the market. Furthermore, cement sacks are highly customizable and can be manufactured as per customer requirements.

Cement sacks made from plastic provides excellent water barrier. Paper sacks are manufactured using several layers of paper and can be layered with plastic films for providing a barrier against gas and moisture.

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Also, what adds to the confidence of end-users is their ability of cement sacks to resist damage due to external agents like acids, organic solvents, and chemicals, which include degreasing agents. The tremendous increase in cement production will also increase the demand for packaging solutions such as plastic and paper cement sacks.

Global Cement Sacks Market – Dynamics

The demand for cement has increased to a significant level in the emerging economies due to high growth in urbanization and industrial sectors. Cement sacks offer optimum strength and good material handling during transportation and shipping.

However, plastic cement sacks still dominate the cement packaging market in some countries but are expected to lose significance owing to the introduction of high-quality industrial paper cement sacks. It is noticed that despite being high in demand, there are very few manufacturers for cement sacks present in India and ASEAN countries.

This will create enormous growth opportunities for the new entrants in the cement sacks market. Manufacturers of cement sacks are ramping up their production lines to produce cement sacks designed to be compatible with sack filler machines.

Global Cement Sacks Market – Regional Overview

Canada is expected to witness the highest CAGR for the North America cement sacks market during the forecast period. Furthermore, in the Asia Pacific region, India and China are anticipated to witness substantial growth during the forecast period. Owing to the upsurge construction sector in these 2 emerging economies. However, the cement sacks market in Middle East & Africa is estimated to witness lethargic growth during the forecast period.

Global Cement Sacks Market – Key Players

A few of the key players in the cement sacks market are Mondi Group Plc, Klabin S.A., BillerudKorsnäs AB, Smurfit Kappa Group Plc, Conitex Sonoco USA Inc., Segezha Group, LC Packaging International BV, Rengo Co., Ltd., Gascogne SA, Industrial Development Company Sal (Indevco), etc.

The report on cement sacks market is a compilation of first-hand information, and qualitative & quantitative assessment by industry analysts, as well as inputs from industry experts and industry participants across the value chain.

The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. Cement sacks market also maps the qualitative impact of various market factors on market segments and geographies.

The global cement sacks market is divided into seven major regions, which are as follows

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

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Global Cement Sacks Market – Segmentation

The global cement sacks market is segmented by material type, product type, and capacity. The pricing for cement sacks has being done based on material type segment in US$ million, and the volume is considered in tonnes.

On the basis of material type, the global cement sacks market is segmented into –

  • Plastic
  • High Density Polyethylene (HDPE)
  • Low Density Polyethylene (LDPE)
  • Linear Low Density Polyethylene (LLDPE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Other Plastic
  • Paper
  • Bleached Paper
  • Unbleached Paper
  • Jute

On the basis of product type, the global cement sacks market is segmented into –

  • Sewn Open Mouth
  • Pinched Bottom Open Mouth
  • Valve Sacks
  • Open Mouth Sacks

On the basis of capacity, the global cement sacks market is segmented into –

  • Less than 10 kg
  • 11 kg – 30 kg
  • 31 kg – 40 kg
  • Above 40 kg

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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.

Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
LinkedIn| Twitter| Blogs