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Water Desalination Equipment Market: Notable Developments & Geographical Outlook | 2022-2032

The global water desalination equipment market is expected to exceed US$ 13 billion by 2022. During the forecast period, it is expected to grow at a CAGR of 9%. Because of the global scarcity of potable water resources, the market is expected to exceed US$ 25 billion by 2032.

The global Equipment for desalinating water is used in industry to clean brackish water, seawater, or any other sources of water. Desalination technology makes it possible to separate salts and minerals from a variety of water sources, including industrial feed, wastewater, wells, and others, and then transform those waters into freshwater or potable water.

Equipment for desalinating water is used in industry to clean brackish water, seawater, or any other sources of water. Desalination technology makes it possible to separate salts and minerals from a variety of water sources, including industrial feed, wastewater, wells, and others, and then transform those waters into freshwater or potable water.

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The increasing requirement of desalination of sea water due to increasing water demand is driving the global water desalination equipment market at a faster rate.

The growth of the water desalination equipment market is subsidized by the increasing concerns over the scarcity water due to rapidly growing population, industrial development and pollution. Also fast improving living standards in the developing regions are demanding cleaner water, subsequently driving the advancements in the desalination technologies.

Desalination equipment facilitates desalination process that parts the dissolved salts and other minerals from seawater or other salinized water. The major advantage of desalinised water is that it can deliver high quality water for consumption purpose even at the time of droughts ultimately increasing the overall supply.

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The emerging water desalination equipment market has been experiencing a phase of new product development and technological advancements due to greater demand. The manufacturing companies are raising their respective market share with increased R&D activities.

Water Desalination Equipment Market: Region-wise Outlook

The global water desalination equipmentmarket is expected to register a favourable growth for the forecast period, 2015?2025. Middle-East is projected to endure its control on the global water desalination equipmentmarket followed by North America and Europe. The key countries in the Middle-East are projected to be GCC (Gulf Cooperation Council) and Algeria as an outcome of practicing desalination for long specially in GCC countries.

Water Desalination Equipment Market: Key Players

Some of the key players in the desalination equipment market are General Electric, Doosan Heavy Industries and Co, Acciona SA, Genesis Water Technologies, Koch Membrane Systems, Degremont Sas, IDE Technologies, Hyflux Ltd, Biwater, and Cadagua

The 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 research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.

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Key Segments Profiled in the Water Desalination Equipment Industry Survey

Application:

Municipal
Industrial
Others (hospitality etc.)

Technologies:

Reverse Osmosis
Nanofiltration
Multi Stage Flash
Electrodialysis
Vapour Compression
Multi Effect Distillation
Others

Region:

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

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Network Management Solutions Market is Projected to Record a CAGR of 9.5% from 2022 to 2032

The market for network management solutions is anticipated to grow at a CAGR of 9.5% from 2022 to 2032, from an estimated US$ 7 billion in 2022 to US$ 11 billion in 2032.

Today’s IT systems have become highly complex and diversified, and companies are facing difficulties to manage, enhance, and maintain their network infrastructure. Networks and distributed network systems are the most critical part for an enterprise. These large network cannot be managed by human effort alone. Network management solutions help network administrators to manage both software and hardware components in an enterprise network. The main objective of network management solution is to achieve an error free network. These solutions identifies, configures, monitors, updates and troubleshoots both wired and wireless network devices in an enterprise network.

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Network management solutions can be deployed over the cloud or on-premises and can be managed on site. It allows network engineer to manage both wired components and wireless network elements through a single management console. Some of the functional areas of network management solutions are network fault management, accounting management, configuration management, network performance management, and network security management. The increasing growth of mobility and IoT devices connected to enterprise networks is propelling the growth of network management solutions market.

Network Management Solutions Market: Drivers & Challenges

The adoption of network management solutions in the manufacturing and utilities industries is rising drastically, which is driving the growth of the global network management solutions market. Moreover, rise in network complexity and connected network devices are the major factors which is fueling the growth of the market.

However, high prices of network management tools and the budget constraints of customers could affect the profitability of network management solution vendors which affect the growth of the global network management solutions market, during the forecast period. In addition to that lack of proper standards to measure network performance indicators is also a critical factor that is expected to hinder the demand of network management solutions.

Network Management Solutions Market: Key Players

Some major players operating in the global network management solutions market include Accedian, AppNeta, BMC Software, CA Technologies, Cisco, Colasoft, Cubro Network Visibility, ExtraHop Networks, Extreme Networks, Flowmon Networks, HelpSystems, IBM Corporation, Progress Software Corporation, Juniper Networks, Kaseya, Kentik, LiveAction, ManageEngine, Micro Focus, NETSCOUT, Paessler, Riverbed Technology, SevOne, SolarWinds, and VIAVI Solutions.

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Network Management Solutions Market: Regional Outlook

Among all the regional markets, the market in North America holds the largest market share of the global network management solutions market and is estimated to record a steady growth rate during the forecast period. The rapid changes in the IT infrastructure, such as cloud and virtualization, have significantly increased the pressure on the network admins to manage the network infrastructure efficiently. The Asia Pacific region is expected to record a strong adoption rates, as countries such as China, Japan, and India are major hubs for networking technologies.

The Network Management Solutions Market report covers exhaustive analysis on:

Network Management Solutions Market Segments
Historical Actual Market Size, 2014 – 2018
Network Management Solutions Current and Future Market Size & Forecast, 2019 to 2029
Supply & Demand Value Chain
Network Management Solutions Market Current Trends/Issues/Challenges
Competition & Companies involved
Technology Landscape
Value Chain Analysis
Network Management Solutions Market Drivers and Restraints

Network Management Solutions Market: Segmentation

On the Basis of Solution:

Network Performance and Monitoring
SDN Monitoring
Network Configuration Management
Log and Event Management
Others

On the Basis of Services:

Professional Services
Network Consulting
Technical Support
Network Testing
System Integration

On the Basis of Function:

Fault Management
Configuration Management
Performance Management
Security Management

On the Basis of Enterprise Size:

Small and Medium Enterprises (SMEs)
Large Enterprises

On the Basis of Industry:

BFSI
IT and Telecom

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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

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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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Asia Pacific Die Bonder Equipment Market Is Anticipated To Hold The Largest Share Of US$ 3.0 Billion | FMI

Global Die Bonder Equipment demand is expected to be valued at US$ 4.2 billion in 2022, rising at a CAGR of 4% to US$ 6.0 billion from 2022 to 2032. Increased adoption of stacked die technology in Internet of Things (IoT) devices is driving growth.

As a result, die bonder equipment is widely used in semiconductor device fabrication. Furthermore, various methods for attaching the die to the substrate are used, including epoxy, eutectic, soft solder, and flip chip.

This, in turn, is expected to create lucrative growth opportunities for die bonder equipment manufacturers in the coming years, resulting in a significant CAGR for the die bonder equipment market during the forecast period.

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Global Die Bonder Equipment Market: Dynamics

Growing demand for semiconductor integrated circuits is one of the key factors expected to drive the overall demand for die bonder equipment in future. Increasing adoption of electronic systems due to rising number of end-use applications will create healthy demand for integrated circuits (ICs). This, in turn, is propelling the demand for die bonder equipment in the global market. Additionally, growing adoption of IOTs, ultra high definition television and hybrid laptops is further expected to create significant demand for die bonder equipment in future. Furthermore, growing demand for polymer adhesive water bonding equipment is further expected to become a barrier to the growth of the die bonder equipment market in future.

Global Die Bonder Equipment Market: Regional Outlook

In the global market of die bounder equipment, Asia Pacific is expected to dominate the market owing to growing demand from the region. This growing demand can primarily be attributed to the presence of a huge number of IC manufacturers in the region. Growing IC demand due to increasing smartphones and tablets production will make the region grow at a healthy pace in future.

Moreover, the market for die bonder equipment in North America and Europe is also projected to grow at a healthy pace owing to increasing demand for semiconductors ICs from the region. The fast adoption of new and latest technologies in the region is also expected to drive the market in the region. Furthermore, MEA and Latin America are also expected to create demand for die bonder equipment in future as the market in these regions is in the growing stage as compared to other regions.

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Global Die Bonder Equipment Market: Market Participants

In the global die bonder equipment market, manufacturers are continuously focused towards automation of the tie bonding technology. Names of some of the manufacturers engaged in the development and manufacturing of die bonder equipment are mentioned:

Besi
ASM Pacific Technology Limited (ASMPT)
Kulicke & Soffa Industries, Inc.
Tresky AG
SHIBAURA MECHATRONICS CORPORATION
West·Bond, Inc.
Panasonic Corporation
MRSI Systems
SHINKAWA LTD.
Palomar Technologies
DIAS Automation
Toray Engineering
FASFORD TECHNOLOGY

The research report presents a comprehensive assessment of the Die Bonder Equipment market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated Die Bonder Equipment market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Die Bonder Equipment market segments such as geographies, application, and industry.

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In 2022, It Is Anticipated That East Asia Will Hold A 55.4% Market Share For Elevators And Escalators Market | FMI

The global elevator and escalator market is valued at around US$ 59.03 Bn in 2022, registering Y-o-Y growth of 6.6%. The market is projected to increase at a CAGR of 4.5% and attain a valuation of US$ 100.12 Bn by the end of 2030.

According to a recent study by Future Market Insights (FMI), companies in the elevator and escalator market are focusing on cutting-edge technologies to make their products safer and more environmentally friendly. According to FMI, the elevator and escalator market will grow at a CAGR of 6.6 percent between 2020 and 2030.

Some of the most well-known companies are incorporating Internet of Things technologies into connected elevators and escalators. They can now control various parameters such as load capacity, frequency of use, and so on. Such technological advances are expected to benefit the entire market.

Market growth has slowed as a result of the recent COVID-19 outbreak. However, several factors are expected to drive the elevator and escalator market during the forecast period.

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Some of the key takeaways from the report are highlighted below-

Product-wise, elevator is expected to lead the market followed by escalator during the forecast period
Load type-wise, passenger segment will exhibit hegemony in the coming years
New system installation type is set to gain traction in the global market
Commercial end use segment is projected to exhibit highest growth followed by the residential segment throughout the forecast period
New-age IoT technology will cater to the steady market growth in the near future
East Asia elevator and escalator market will maintain the lead while emerging as the highest growing market among all other regions

“As the building and construction industry is expanding rapidly, the demand for elevators and escalators is rising higher. To capitalize on prevailing opportunities, market players are launching novel cutting-edge technologies that offer more sophisticated functionalities in elevator and escalator. This is anticipated to create lucrative growth opportunities for the market in the coming years,” says an FMI analyst.

COVID-19 Impact Analysis

The elevator and escalator market growth has been declining due to the novel coronavirus outbreak. As consumers have shifted their focus more on emergency services such as medical, diagnostic, pharmaceutical and others instead of building and construction sectors, the market growth rate has fallen temporarily.

Added to this, the factors such as non-operational manufacturing units, unavailability of labours, scarcity of raw materials, disruptive supply chain and logistics sector, financial crisis, job recession, and others have slowed down the progress of market.

According to FMI, the elevator and escalator market is set to recover by the first quarter of the year 2021.

Who is Winning

As the elevator and escalator market potential is rising steadily, the key market players are focusing on launching advanced designs to gain competitive edge. For instance, DOPPLER S.A. has launched their DOPPLER Lift Hygiene Solutions equipped with air sterilizer using UV photo catalyst sterilization and UV antibacterial light disinfection system in 2020.

Kone Corporation has launched Kone Health & Wellbeing Solutions for Elevators and Escalators which include escalator handrail sanitizer, elevator remote call using whatsapp, elevator air purifier, and others in June 2020.

Some of the leading companies operating in the market are DOPPLER S.A, Kone Corporation, Orona Group, EMAK Elevator, Sanyo Elevator (Zhuhai) Co., Ltd, and others.

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More Valuable Insights on Elevator and Escalator Market

In the latest report by Future Market Insights, we offer a detailed unbiased analysis of the global elevator and escalator market, providing historical data for the period of 2015-2019 and forecast statistics for the period of 2020-2030. In order to understand the global market potential, its growth and scopes, the market is segmented on the basis of product type (elevator (hydraulic, traction, machine room less, vacuum), escalator (step type, belt type, cleat type, spiral)), load type (passenger, freight, observation, others), installation (new system installation, retrofit), end use (residential (low rise building, mid rise building, high rise building), commercial (hotels, airports, subway stations, commercial complexes, offices & institutions, industrial), hospital, infrastructure & construction, transportation & logistics), across six major regions (North America, Latin America, Europe, South Asia, East Asia, Oceania, MEA).

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Finance Cloud Market is Expected to Record a CAGR of 12.4% from 2022 to 2032 | FMI

The finance cloud market is expected to record a CAGR of 12.4% during the forecast period 2022-2032, up from US$ 23.67 Billion in the year 2022 to reach a valuation of US$ 90.11 Billion by 2032. The finance cloud market is anticipated to show promising growth prospects in the forecasted period 2022-2032.

What are the Growth Propellers to the Finance Cloud Market Share

One of the major drivers for the finance cloud market is business agility and focus. Nowadays, every business wants a service-oriented architecture which offers flexibility and agility in their business functions, which can be achieved via a finance cloud solution.

Companies are moving towards digitization today, and financial service companies are actively embracing such solutions to transform themselves. In addition to high operational efficiency, finance cloud adoption is also driven by the demand for higher transparency.

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Finance cloud solutions provide high efficiency for day-to-day operations through a combination of an integrated and scalable approach.

One of the significant challenges in the finance cloud market is a rise in cyber-attacks on cloud-based infrastructures. The intensity of cyber-attacks on the BFSI industry is increasing drastically, as it holds sensitive financial data. Cybercriminals are continuously exploiting vulnerabilities in the finance cloud to get hold of critical business data.

As a result, businesses should make sure their cloud infrastructures are protected by advanced cyber-security technologies to minimize business risks.

Which Region holds the Highest Growth Potential in the Finance Cloud Market

Among the regional presence, due to the need for highly developed IT infrastructure and skills, North America is clearly the leading market for Finance Cloud. North America captures the broad market in terms of revenue, adoption, demand and business opportunities.

The Asia Pacific is the largest emerging market for finance cloud, as the adoption of finance cloud technology is increasing in this region due to high demand from banking and financial services companies.

Europe and Latin America Region are also expected to have significant growth due to increasing penetration of cloud computing and advanced digital technologies.

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How is the Competitive Landscape in the Finance Cloud Market

The finance cloud software helps finance executives to manage the ever-increasing amounts of data generated within an organization, which is achieved by streamlining integration processes and bringing financial and operational data together in one system. By using the finance cloud, it becomes easier to transform every client loyalty into a wealth of new opportunities.

Finance enables enterprises to provide role better services that are in need of their clients.

Market players specialize in advanced technologies and new product launches to expand their market share. As players in the finance cloud industry, they have employed a variety of strategies to enhance their market penetration and strengthen their position.

Examples of some of the market participants in the body contouring market identified across the value chain offering finance cloud solution include Oracle, Google, IBM Corporation, DXC Technology Company, Microsoft Corporation, Amazon Web Services, Salesforce, SAP, Huawei Technologies Co., Ltd., Capgemini, Computer Science Corporation, and others.

Key Segments Profiled in the Finance Cloud Market

By Solution:

Software
Services

By End User:

Small and Medium Enterprises
Large Enterprises

By Application:

Wealth management
Account management
Others

By Industry:

Financial Services
Banking
Insurance

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Protective Clothing Market Is Estimated at USD 10.32 Billion in 2022 And Is Projected to Reach USD 17.60 Billion by 2030

The global protective clothing market is estimated to cross US$ 10.32Bn in 2022 and is anticipated to expand more than 6% CAGR during the forecast period of 2022-2030. Work related injuries and deaths, tight government policy and new product development are the primary factors for protective clothing market. Protective clothing is expected to provide protection against flames, chemicals, biological agents, punctures, insects, rain, cold, ultraviolet (UV) radiation and extreme heat etc.

Few notable developments are super repellent coatings, electrospun nanofibers, fibres with novel cross sections, intelligent textiles, and biomimetic (inspired by nature) materials. Research investment in areas like nanotechnology and intelligent materials lead to new technologies which brings advance & new protective clothing in the market.

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Outbreak of Covid-19 Disease Surge in Demand for Protective Clothing across the Globe

The outbreak of Covid-19 pandemic which had started in China, now spread all over the world. As of 7^th April, 2020, the total positive cases recorded were 1.4 Mn and 81,049 total number of deaths. It has effected more than 209 countries and territories so far.

Apart from some essential products and services, all businesses are temporarily closed. As per World Economic Forum, The US and Eurozone’s economies are expected to recover to its full swing until 2023. The pandemic has raised a sudden need of protective clothing among doctors, nurses, and other health care professionals.

The use of coverall and lab coats are in high demand for medical professional, lab testers etc. Companies are facing enormous demand for protective clothing, and as a result, companies are currently expanding their production capacity to meet growing market demand. Lakeland Industries Inc., DuPont, have expanded their production capacity of protective clothing. Many other companies also started production of protective clothing to meet the domestic and global demand to fight against Covid-19.

Key Takeaways from the Protective Clothing Market Study

East Asia is expected to dominate the global protective clothing market owing to rise in demand for protective clothing in hospitals to eliminate spread of disease and treat coronavirus patients coupled with significant presence of prominent companies in China and Japan. Moreover, large number of low cost labour base and availability of raw material in East Asia are also the factors for the growth of protective clothing market in the region.
According to FMI, coverall segment are expected to see higher sales than its counterpart such as vest, jackets, aprons etc. Growing need for protection in chemical and manufacturing sector and healthcare industries have propelled the sales of coverall.
Non-Woven material are mostly used in protective clothing market. It is expected to hold the largest share during the forecast. Advancement in Nano technology and materials such as electrospun nanofibers, fibers with novel cross sections, intelligent textiles, and biomimetic materials are expected to see a robust growth during the forecast.
Manufacturing sector holds the largest share in the global protective clothing market. However, healthcare sector is expected to grow at significant CAGR owing to high demand for coverall, lab coats, and medical grown. Moreover, ongoing coronavirus pandemic has increased an enormous demand for protective clothing across the globe.

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Manufacturing Capacity Expansion to Increase Product Supply

Currently, the organizations in the market are focused on expanding their manufacturing base to fulfil the rising demand. The WHO (World Health Organization) has urged the governments of countries to work with companies in order to increase the production of necessary medical and healthcare protection clothing and equipment supplies in view of the global pandemic outbreak.

A well-established company DuPont has increased its production of Tyvek hazmat suits which is important to protect the doctors and nurses fighting the pandemic in the frontline.

Some of the key players operating in the protective clothing market are 3M Company, Ansell Limited, Kimberly Clark Corp., Teijin Limited, Sioen Industries, Lakeland Industries, Inc., W. L. Gore & Associates, Workrite Uniform Company, Inc., Cetriko, Lakeland Industries, Inc.,Ballyclare Limited, Glen Raven, DuPont and others.

Who is winning?

Several leading companies are expanding their production capacity. Extensive R&D, merger & acquisition and partnership activities to come up with new technologies which can change the market landscape of protective clothing.

In March 2020, Lakeland Industries Inc. has expanded its manufacturing capacity by 30% to support market for the requirement of protective clothing.
In 2018, Radians, a manufactures industrial protective clothing had acquired Neese Industries, Inc. to increase its production capability.

Global Protective Clothing Market by Category

By Product Type, Global Protective Clothing Market is segmented as:

Coveralls
Vests
Jackets
Aprons
Others (surgical gowns, laboratory coats etc.)

By Material Type, Global Protective Clothing Market is segmented as:

Non-Woven
Woven
Knit

By End Use Industry, Global Protective Clothing Market is segmented as:

Manufacturing
Oil & Gas
Healthcare
Others (transportation, firefighting etc.)

By Region, Global Protective Clothing Market is segmented as:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Get Valuable Insights into Protective Clothing Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global protective clothing market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The protective clothing study reveals compelling insights on the protective clothing market on the basis of product type (coverall, vest, jacket, apron, others), material type (non-woven, woven, knit), end use industry (manufacturing, oil & gas, healthcare, others), demographics (men, women), and sales channel (offline, online) across all regions.

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:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Market In East Asia Accounts For 23.5% Of The Global Domestic Booster Pump Demand By 2022-2030

In a new market study, Future Market Insights (FMI) opines global Domestic Booster Pumps Market to surpass US$ 4.63 Bn by 2030, growing at a 7.1% CAGR through 2030.

The document attributes the boom of the marketplace to rising recognition among consumers concerning the provision of strength-green technologies. Furthermore, the growth of the e-commerce enterprise is widening the sales channel for domestic booster pumps.

Having studied the effect of the COVID-19 pandemic, the report opines that the call for residential pumps is predicted to enjoy a downtrend for the duration of the pandemic, as the focus of both producers and purchasers shifts in the direction of vital and emergency utilities. Speedy urbanization in rising economies and the consequential increase in the variety of residences are also propelling demand for booster pumps designed for domestic and residential purposes.

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Key Takeaways

The 50-150 W segment will capture nearly 1/3rd of global value as pumps with a power rating in this range are ideal for medium-sized buildings.
By water pressure, 1 bar segment is expected to account for over 2/5th of market value by the end of the forecast period.
Domestic booster pumps find the majority of applications in gardening sprinklers and pipes, capturing around 2/5th of total market value.
The offline sales segment will continue to channel the majority of revenue, while the online sales segment is poised to grow at an impressive rate.
East Asia, led by China, is poised to hold the lion’s share in global market value, backed by the presence of a flourishing residential construction sector.
North America and Europe will cumulatively account for a prominent market share, owing to the presence of major market players.

Similarly, the pandemic has adversely affected the residential construction activities, causing a complete shutdown across several nations, and this is likely to impede the demand for systems designed for the residential sector, including home and domestic booster pumps market.

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Key Segments of Domestic Booster Pumps Industry Survey

Domestic Booster Pumps Market by Rated Power:

10 – 50 W Domestic Booster Pumps
50 – 150 W Domestic Booster Pumps
150 – 300 W Domestic Booster Pumps
Above 300 W Domestic Booster Pumps

Domestic Booster Pumps Market by Water Pressure:

0.5 Bar Domestic Booster Pumps
1 Bar Domestic Booster Pumps
Above 1 Bar Domestic Booster Pumps

Domestic Booster Pumps Market by Application:

Domestic Booster Pumps for Kitchens
Domestic Booster Pumps for Bathrooms
Domestic Booster Pumps for Water Heater Units
Domestic Booster Pumps for Gardening Sprinklers & Pipes

Domestic Booster Pumps Market by Sales Channel:

Online Sales of Domestic Booster Pumps
Offline Sales of Domestic Booster Pumps

Domestic Booster Pumps Market by Region:

North America Domestic Booster Pumps Market
Latin America Domestic Booster Pumps Market
Europe Domestic Booster Pumps Market
East Asia Domestic Booster Pumps Market
South Asia & Pacific Domestic Booster Pumps Market
Middle East & Africa (MEA) Domestic Booster Pumps Market

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Bicycle Shoe Market Is Projected to Increase from A Valuation of US$ 1.16 Bn in 2022 To US$ 1.67 Bn by The End of 2029

Expanding at a CAGR of 5.3%, the global bicycle shoe market is projected to increase from a valuation of US$ 1.16 Bn in 2022 to US$ 1.67 Bn by the end of 2029. The recent past has observed an increased adoption of bicycle shoes owing to increasing number of cycling events, clubs and association across the globe which in turn is accelerating the sales of cycling accessories such as bicycle shoes and helmets among riders.

Moreover, growing cycling interest and high penetration of online sales channel are expected to fuel the global sales of bicycle shoe. FMI in its newest research report opines that the growing trend of custom bicycle shoes is leading to an uptick in the demand for bicycle shoe. On the back of these factors, the global bicycle shoe market is estimated to be valued at US$ 998.7 Mn in 2019 and expected to expand at 5.5% CAGR during the forecast period of 2019-2029.

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Key Takeaways from the Bicycle Shoe Market Study

East Asia is expected to dominate the global bicycle shoe market owing to large population base which are more inclined towards fashion and health. Cycling activity which has emerged as health & fitness program among consumers, attracts East Asia riders for higher participation which is resulting to an uplift of bicycle shoe in the region. As per Union Cycliste Internationale (UCI), 40 UCI cycling teams are registered in 2018 which was 17 in 2009, increased more than double in past years.
According to FMI, mountain bike shoe accounted for the maximum share in the global bicycle shoe market owing to high preference for adventure sports among consumers supported by the manufacturers with continuous innovation in mountain biking (MTB) such as wireless drivetrains, wireless dropper-posts, fork & shock controls which further generates the necessity of mountain bike shoe.
An upsurge in consumer spending was seen in the segment of men within the global bicycle shoe market. As per Statistics for American Motorcycle Riders, female motorcycle owners accounted for only 19% as compared to men (81%) in 2018.
While offline sales channel will continue to dominate the bicycle shoe market during the forecast period, online sales channel is expected to see a prolific rise with a higher CAGR in bicycle shoe. Preferential shift of consumers towards online platforms are primarily driven by product availability and competitive vendor prices etc. Online platforms offer multiple sellers at the same time with numerous bicycle shoes to choose from. Moreover, bicycle shoe delivery at doorstep also saves the consumer’s time which is another important factor towards the growth of online sales channel.

Increasing Public Bicycle Rental Programs and Government Initiatives

Bike-sharing programs offer an active mobility option to individuals with an objective to increase cycling, reduce congestion, and minimize environmental pollution. Also, bicycles available on rent save users investment needed to purchase their own bicycles. In addition, users who make a habit of using rental bicycles can be potential buyers in the future for companies that target citizens who commute over shorter distances.

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A study by Institute for Transportation and Development Policy (ITDP) in 2014 revealed that bike-share programs have been initiated in over 600 cities worldwide, and more bicycle rental programs are starting each year. The Indian government has taken many initiatives, such as ‘Make in India’ and ‘Startup India’, with an objective of boosting the manufacturing sector and increasing the purchasing power of the average Indian customer. Such initiatives would further boost demand and hence, spur the development of bicycles in addition to benefiting investors. Moreover, the Government aims to push the country’s manufacturing sector to account for 25% of its GDP, which is much higher than the current 17%. All these factors are anticipated to drive the growth of the bicycle market in the Asia-Pacific region, thereby boosting demand for bicycle shoes.

Who is winning?

Some of the key players operating in the bicycle shoe market are Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., Lemans Corporation, EVS Sports and others.

Several leading bicycle shoe players are launching new innovative products to expand their footprint and product portfolio. At present, manufacturers are focusing on research and development activities to come up with new technologies which can change the market landscape of bicycle shoe.

In March 2020, Leatt, a company which designs & manufactures of protective neck braces, body armour and cycling shoe, has launched innovative shoe line for mountain biking.
In Feb 2019, the company Shimano launched indoor cycling footwear, IC5 and IC3 shoes.

Key Segments of Bicycle Shoe Industry Survey

Bicycle Shoe Market by Product:

Mountain Bike Shoes
Road Bike Shoes
Touring & City Bike Shoes
Winter Shoes

Bicycle Shoe Market by Price Range:

Premium Bicycle Shoes
Mass Bicycle Shoes

Bicycle Shoe Market by Consumer Orientation:

Bicycle Shoes for Males
Bicycle Shoes for Females
Bicycle Shoes for Kids

Bicycle Shoe Market by Sales Channel:

Online Sales of Bicycle Shoes
Offline Sales of Bicycle Shoes
- Specialty Bicycle Retailers
- Full-line Sporting Goods Stores
- Department Stores & Others

Bicycle Shoe Market by Region:

North America Bicycle Shoe Market
Latin America Bicycle Shoe Market
Europe Bicycle Shoe Market
East Asia Bicycle Shoe Market
South Asia & Pacific Bicycle Shoe Market
Middle East & Africa (MEA) Bicycle Shoe Market

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Power Transformer Market Sales To Surpass 2000 Units By The End Of 2031 | FMI

The power transformer market exhibited year-on-year growth of 4% in 2021, backed by increasing efforts towards incorporating modern energy solutions in existing power system and high demand of efficient and reliable power supply. Future Market Insights (FMI) states that, power transformer market revenue grew by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 with a healthy CAGR of 4.6%.

Power transformers are integral components within power grids as they assist in power transmission between networks without change in frequency and minimum loss. Increasing investments towards expansion of power grid networks and distribution channels to enable electricity access in remote areas will fuel the demand for power transformers in the forthcoming years.

Focus on upgrading the existing power grid network with modern energy technology for flexible, secure, efficient, and reliable supply of power will emerge as a chief growth driver.

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Transformers are critical component in power transmission system as their main function is to receive power with low voltage and transmit it across various distribution channels in power grid. Increasing demand for electricity, increasing investment to expand transmission and distribution network will drive the power transformer market growth in upcoming years.

For instance, as of 2021 Adani power has around 5 ongoing power projects with capacity ranging from 1300 MW to 2700 MW in Indian states of Rajasthan, Madhya Pradesh, Gujarat, Karnataka, and Jharkhand. Rise in number of new power projects in developing countries will boost the market sales over the forecast period.

Rising urgency to replace the aging power infrastructure with smart grid system along with increasing penetration of renewable energy and development of interconnected grid infrastructure are key growth drivers in developed economies.

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Future prospects look promising for power transformer market due to thriving construction and mining industries, emergence of new smart cities with modern power transmission system and adoption of green transformers.

Market players are focusing on developing power transmission systems capable of handling flow of stored and renewable energy throughout the grid system. Advancement towards designing system for efficient management of electricity transmission and distribution as a part of disaster recovery efforts along with redefining electrical grids to reduce operational costs and lead times will positively influence the market growth in the future.

Key Takeaways from FMI’s Power Transformer Market Study

North America power transformer market is forecast to experience growth at 3% CAGR due to rising necessity to replace old power grid networks with modern and efficient equipment and increasing supply and demand gap of electricity in U.S. and Canada.
Europe power transformer market is anticipated to grow at 3.2% CAGR during the forecast period. Growth uptick can be attributed to rapid electrification and increasing investment towards upgrading transmission and distribution networks in the region.
Growing awareness among population regarding CO₂ emission, increase in consumption of electricity, and increasing efforts towards electrification of rural areas will drive the demand for power transformers in India.
China is expected to offer lucrative opportunities owing to increasing investment in power grid infrastructure development and booming mining and oil and gas industries in the country.
Japan and South Korea account for 7% of global power transformer market share in 2021. Industrialization, increasing efforts to fill the energy supply and demand gap, and imposition of energy efficient laws and standards are key growth drivers in these countries.

“Increasing demand for upgrading traditional transmission system to sustain high voltage power transfer and incorporation of smart grids will boost the demand for power transformer in upcoming years,” says the FMI analyst.

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Who is Winning?

Future Market Insights highlights the key trends emerging in the power transformer market and discusses the strategies employed by market players to strengthen their market position.

Leading market players account for 35% global market share. They are focusing on new product development like green transformers to reduce the carbon footprint and are also emphasizing on establishing production and supply operations in key high-demand demographics like South East Asia. In addition, key players have been increasing production outputs and moving manufacturing plants to developing countries to reduce lead times and operation costs.

Prominent players operating in the power transformer market are:-

ABB
General Electric
Siemens AG
Toshiba Corporation
Schneider Electric

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For instance, in July 2021, General Electric won orders for manufacturing 45 units of 765 kV transformers from Power Grid Corporation of India Limited (PGCIL) for the new sub stations to be constructed in Rajasthan, India. The new transformers will dissipate around 8.1gigawatt (GW) of green power from the state’s solar energy zones.

In March 2021, First Philec Inc. announced to launch super green transformer by the end of 2021. First Philec Inc. is a unit of First Philippine Holdings Corp. and one of the leading manufacturers of high efficiency transformers in South East Asia region. The super green transformer will be made of recyclable and biodegradable materials.

Hitachi ABB Power Grids launched two new traction transformers, “RESIBLOC® CRail 25 kV” and “Natural Cooling Effilight® Traction Transformer” in June 2021. The latter model replaces traditional cooling module with natural airflow system. It uses a state of the art cooling system that harnesses natural air flow from the train’s motion and sends it to heat exchanger thus eliminating the need for air fans.

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Key Segments Covered In Power Transformer Market Study

By Product Type:

Core
Shell

By Insulation Type:

By Phase Type:

Single Phase
Three Phase

By End Use:

Residential & Commercial
Utilities
Industrial

By Voltage Type:

100-200kV
200-400 kV
Above 400 kV

By Application Type:

Generation Step-up
Transmission

By Region:

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

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Mini Refrigerator Market Growing at a CAGR of 7.7% over the Forecast Period 2027

The global mini refrigerator market size is expected to reach US$ 2.22 Bn by the end of 2027. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of 7.7% between 2022 and 2027. According to the report, growing popularity of portable kitchen appliances and emerging trend of energy star certified appliances boost demand for mini refrigerator across the globe.

The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the mini refrigerator market. Some of these are:

The estimated value of the mini refrigerator market was at ~US$ 3,060.2Mn in 2022. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Regionally, East Asia dominates the mini refrigerator market globally owing to rise in adoption of portable mini refrigerator to the outdoor activities such as fishing, camping, adventure sports, along with expanding demand for cold storage in vehicles to keep the food and beverages fresh during travel.
East Asia emerges as one of key markets owing to rise in per capita spending on kitchen appliances which makes mini refrigerator affordable along with increase in number of nuclear families led to increase in demand for mini refrigerator in the region.
Growth of online retailers’ sales channel is expected to boost the sales of mini refrigerator over the forecast period.
Prominent players are analysing consumer behaviour and purchase pattern to understand the current household trend. The company’s focus remains on developing innovative products that come with minimum-maintenance requirement, as, it is one of the core objectives of having smart technology.

Rise in Demand for High Capacity Mini Refrigerator at Commercial Areas

Based on the capacity, the 4-5 cu. Ft. is expected to be the most attractive segment in the mini refrigerator market over the forecast period. Rise in demand for high capacity portable refrigerator in commercial areas such as hospitals and clinics to store drugs and medical devices that requires specific storage conditions is the primary factor expected to exhibit a significant growth in the global mini refrigerator market during the forecast period. Furthermore, unique features associated with mini refrigerator such as portability, efficient cooling temperature, and high capacity propel the global mini refrigerator market for further growth. However, 2-2.9 cu. Ft. segment is expected to expand at higher CAGR during the forecast owing to increasing demand of such products on vehicles as well as outing or some small holiday trip with such capacity.

Who is Winning?

Some of the leading players operating in the mini refrigerator market are The Whirlpool Corporation, Samsung Electronics, Videocon Industries, Godrej Appliances, LG Electronics, Haier Group Corporation, Electrolux AB, Panasonic Corporation, Siemens AG, ARB Company, Highsense Infotech, Zhongke Meiling Cryogenics Co., Ltd., Danby Appliances Inc., Whynter, LLC, Engel, Koolatron Corporation, Dometic Group AB, EdgeStar Appliances Company, Midea Group, Uber Appliance Company, and others.

These manufacturers are developing technological advanced products with high energy star certified products to meet growing consumer requirements as well as to have a competitor edge in the market. Moreover, collaboration with domestic distributors, strategic partnership, seeking for certifications, and enter into e-commerce platform remains a popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through mergers and acquisition.

In January 2020, Godrej Appliances introduced a new mini refrigerator for hotels and hospitals, to cater to the cooling requirements of the industry. Company developed innovative product to meet the growing demand of cooling device that works on advanced thermostatic technology.
In 2019, Haier Group Corporation launched two new vertical freezers namely Mini-Vertical Freezer ‘BD88DEM’ and Haier Premium Vertical Freezer ‘BD168WL’ in India to stock small to large variety of food items. The refrigerator is designed to reduce the problem of frost formation and provide a wide temperature range between -14 to -25 degrees.

Get Valuable Insights into Mini Refrigerator Market

Future Market Insights, in its new report, presents an unbiased analysis of the global mini refrigerator market, covering historical demand data and forecast figures for the period between 2022 and 2032. The study divulges compelling insights on the mini refrigerator market based on product type (single door refrigerator and double door refrigerator), capacity (less than 1 cu. Ft., 1-1.9 cu. Ft., 2-2.9 cu. Ft., 3-3.9 cu. Ft., and 4-5 cu. Ft.), end-user (commercial and residential), price range (economy, mid-range, and premium), sales channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, exclusive stores, independent small stores, online retailers, and other sales channel), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

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Key Segments Of Mini Refrigerator Industry Survey

Mini Refrigerator Market by Product:

Single Door Refrigerators
Double Door Refrigerators

Mini Refrigerator Market by Price Range:

Economic Mini Refrigerators
Mid-range Mini Refrigerators
Premium Mini Refrigerators

Mini Refrigerator Market by Capacity:

Less Than 1 cu. Ft Mini Refrigerators
1-1.9 cu. Ft Mini Refrigerators
2-2.9 cu. Ft Mini Refrigerators
3-3.9 cu. Ft Mini Refrigerators
4-5 cu. Ft Mini Refrigerators

Mini Refrigerator Market by End User:

Residential Mini Refrigerators
Commercial Mini Refrigerators

Mini Refrigerator Market by Sales Channel:

Wholesalers/Distributors
Hypermarkets/Supermarkets
Multi-brand Stores
Exclusive Stores
Independent Small Stores
Online Retailers
Other Sales Channels

Mini Refrigerator Market by Region:

North America Mini Refrigerator Market
Latin America Mini Refrigerator Market
Europe Mini Refrigerator Market
East Asia Mini Refrigerator Market
South Asia & Pacific Mini Refrigerator Market
Middle East & Africa (MEA) Mini Refrigerator Market

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