Market Research Blog – Page 10907 – New Product Development

Burglar Alarm Systems Market Size, Share, Research Report -2032

The global burglar alarm systems market was estimated at US$ 5.5 Billion in 2021 and is projected to procure US$ 5.9 Billion by 2022. The market is anticipated to garner US$ 11.8 Billion by 2032 while recording a CAGR of 7.2% during the forecast period from 2022 to 2032.

Expansion of the market can be attributed to the increasing utility in residential and commercial buildings and the adoption of advanced technologies like AI & Big data to enhance security services across various developing countries.

Moreover, wireless burglar alarms are another salient factor augmenting the industry in the assessment period. The growing usage of these Burglar Alarm Systems in huge buildings where it is very difficult and inefficient to provide security by physical mode, these system increases sets the alarms in case of any movement and alerts the concerned person or authority. Thereby, with the soaring infrastructural growth, the demand for these alarming systems is increasing vigorously.

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However, the false alarms triggered by the inaccuracy of systems to catch sounds have created discontent in the minds of people which is likely to impede the growth of the global burglary alarm systems in the forthcoming period.

Key Takeaways from the Market Study

Burglar alarm systems for residential applications to account for 55% revenue share
Wired alarm systems accounted for over 3/5^th market revenue as of 2021
The North American market is expected to secure US$ 6.8 Billion while expanding at a CAGR of 7%
Asia Pacific to experience noteworthy growth, anticipated to reach almost US$ 2 Billion by the end of the 2022-2032 forecast period
Global burglar alarm systems market value to experience 2x growth from 2022-2032

Competitive Landscape 

Key players in the global Burglar Alarm Systems market include ADT, ASSA ABLOY, Banham, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International, Inc, Inovonics Wireless Corporation, Johnson Controls, Securitas AB, Siemens, Risco Group, Napco Security Technologies, Inc. Some of the recent key developments among the players are:

In March 2022, ASSA ABLOY, the global leader in access solutions, will be exhibiting its latest innovations when the company debuts its exciting new booth at ISC West. With emerging security issues due to the ongoing health, economic, and social crises, ASSA ABLOY’s primary focus will be on helping attendees identify new opportunities for improving health, safety, and access at their facilities.
In Sept 2022, Honeywell International, Inc., announced the release of Pro-Watch^® Integrated Security Suite, a software platform designed to help protect people and property, optimize productivity and ensure compliance with industry regulations. The platform provides complete visibility of all connected systems and the scalability of the software makes it easy to grow with the changing needs of a business.

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More Valuable Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Burglar Alarm Systems market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on type (wireless and wired), component (hardware, software and services) and application (commercial & industrial and residential) & across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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

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Stock Trading App Market Online Share Trading, Analysis Report to 2032

Stock trading app platforms account for the leading share of precast concrete demand by product, and demand is expected to grow at the fastest pace through 2032.

Stock Trading App Market is an online marketplace that allow users to trade stocks and other securities. The Stock Trading App Market was founded in 2010 and is headquartered in New York City. The Stock Trading App Market offers a variety of different features, such as real-time quotes, charts, news, and analysis

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The stock trading app market is expected to escalate at a CAGR of 20.8% from USD 13.6 Billion in 2022 to USD 89.8 Billion through 2032 because of:

Artificial intelligence-based Chabot’s are becoming increasingly popular with electronic trading platforms as one of the newest trends in the market. Trader’s use Chabot’s for a variety of reasons, including providing answers to general FAQs, providing real-time estimates, reporting their accounts, receiving account notifications, and evaluating market conditions. Stock trading app market insight driven by artificial intelligence drives the adoption of trading platforms

Artificial intelligence (AI) is expected to dramatically change the future of these trading platforms. Companies are implementing artificial intelligence into their trading platforms by deploying robo-advisors. Increased demand for customized trading platforms from brokers is expected to boost the market for solutions

In the market, solutions and services are bifurcated according to their component. Online trading platforms are expected to gain market share from the solutions segment over the forecast period. A growing number of brokers and trading firms are relying on customized trading platforms because of the increasing demand for such solutions. There will be a demand for cloud-based stock trading app market within the brokerage sector.

However, Regulation of online trading software businesses is heavily regulated by government rules, international regulatory agencies, self-regulatory organizations, and numerous exchanges.

Regulators and compliance functions must be adhered to by vendors. Vendors are also obliged to follow certain regulations mandated by primary regulators in order to conduct customer activities. As a result, the vendor may be penalized if unable to comply with the rule. Developing nations may impede the growth of

The stock trading app market for online trading platforms in the near future due to a lack of awareness regarding solutions.

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Global demand for stock trading apps is surging; stock trading app market to grow at a CAGR of 20.8% through 2032. Trading apps will be driven by:

With the help of online platform solutions for trading, banks, traders, and individual brokers can evaluate opportunities on the financial markets and eliminate risk factors.
It is predicted that demand for stock trading app market will increase due to the increased demand for customized trading platforms from end-users, such as government and non-profit banks.
The integration of trading platforms on smartphones and technological advancements are few of the factors that are expected to create numerous market opportunities in the stock trading app market for major players.
Additionally, many companies in the market are expanding their business units across the globe.

Stock Trading App Market Segments:

By Platform:

Android
iOS

Others
By End User:

Professional Traders
Individuals

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Stream Hosting Market Expected to Increase at an Impressive 14.8% CAGR During 2022 – 2032

The global stream hosting market is expected to expand at a 14.8% CAGR, with the market valuation reaching US$ 4 Bn in 2022. As per the report, the global stream hosting market size will reach US$ 16 Bn by 2032.

The incorporation of advanced technologies in the digital media industry is anticipated to drive sales in the market. Additionally, growing need to increase the consumer base and optimize network bandwidth for live & on-demand streaming content will augment growth.

Online video continues to grow in popularity at the expense of traditional broadcast viewing. Viewers spend an average of six hours per week watching multiple types of internet videos, up 59 percent from 2016. Television viewing fell by 10% to roughly seven hours during the same time period the previous year.

Individuals also appreciate internet streaming services for their ease, variety, flexibility, and cost-effectiveness. Unlike traditional TV viewers, video on-demand users are not limited in their content choices by geography.

Viewers have switched from traditional televisions to on-demand video streaming services due to the ability to watch videos on the go via mobile apps and high-speed network connectivity. These factors are projected to boost the growth in the stream hosting market in the forthcoming years.

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Besides this, surging preference for cloud video hosting will create opportunities for growth in the market. Cloud video hosting reduces the need for infrastructure as compared to traditional video hosting.

Organizations are looking out for a more secure, reliable & scalable cloud video hosting platform as a result of rapid growth of video hosting & streaming platforms. Cloud services are cost-effective, hence sales of cloud video services are expected to gain traction.

“Live video streaming has become the new standard for influencing followers on social media sites. To consolidate their hold on social media platforms, numerous social networking businesses are adding live and on-demand streaming options on their sites. The stream hosting market is expected to expand at a considerable pace, driven by the aforementioned factors,” says and FMI analyst.

Key Takeaways:

By content type, sales in the video stream segment are expected to grow at a 16.2% CAGR over the forecast period.
Based on platform, the smartphones/ tablets segment is projected to hold a dominant share of the market by 2032.
In terms of industry, the media & entertainment segment will remain most lucrative.
The U.S. is expected to account for nearly 82% of the North America market share in 2022.
Sales in the U.K. stream hosting market will grow by 4.7x over the assessment period.
Mexico will emerge as an attractive market, with sales growing at a 18.7% CAGR through 2032.

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Competition Landscape

Dacast Inc., Brightcove, Inc., Wistia, JW Player, Kaltura, Inc., Vimeo, Inc., DigitalOcean, LLC, IBM Watson Media, Vidyard, Facebook (Meta Inc.), Youtube (Google), SproutVideo, Cincopa, Muvi LLC, Twitch (Amazon), Hippo Video, StreamShark, Wowza Media Systems, LLC, and Primcast are some of the leading players operating in the market.

Stream Hosting Market by Category

By Content Type:

Video Stream
Audio Stream
Gaming Stream

By Streaming Type:

Live Streaming
On-demand Streaming

By Platform:

Smartphones/Tablet
Smart TV
Gaming Consoles
Laptops/PCs

By Industry:

Media & Entertainment
Gaming & Sports
Education
Government
Retail/eCommerce
Others

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Building-Integrated Photovoltaics Market Predicted to grow at a 21% Value CAGR, During the Forecast Period 2022-2032

According to a recently released analysis by Future Market Insights, the building-integrated photovoltaics market is anticipated to develop at a 21% value CAGR over the forecast period 2022-2032, reaching US$ 134.31 Billion. Due to the rapid increase in PV (photovoltaic) capacity in many nations and the rising demand for renewable energy, the global market for building-integrated photovoltaics is anticipated to rise quickly.

From 2017 to 2021, the building-integrated photovoltaics industry grew at a CAGR of 14.5%. The green building movement and environmentally-conscious consumers are driving the demand for building-integrated photovoltaics. At the same time, governments of various countries encourage manufacturers to utilize these materials more.

The demand for building-integrated photovoltaics is predicted to increase as aesthetically pleasing solar harvesting systems become more popular in North America. Furthermore, evolving Building-integrated Photovoltaics solar panel production technologies, as well as a high level of disposable income among consumers in the region, primarily the U.S. and Canada, are also likely to boost demand over the next decade.

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Key Takeaways from the Market Study

In 2021, the market was estimated to have a global valuation of US$ 16.5 Billion.
In 2022, the market is estimated to have a global market size of US$ 19.97 Billion
The building-integrated photovoltaics market in Europe occupied a market share of 37.68% in 2021.
The crystalline silicon segment took over 72% of the global building-integrated photovoltaics market share.
Nearly 62% of building-integrated photovoltaics sales to be for roof applications
As of 2021, the industrial segment accounted for 40.5% of the global market.

Competitive Landscape

As a way to gain more market penetration and meet the changing needs of architects and construction contractors, Building-integrated Photovoltaics manufacturers have developed multiple joint ventures, partnerships, agreements, and collaborations.

In October 2021, Meyer Burger, a Swiss manufacturer of PV modules, began offering BIPV systems. Meyer Burger will offer rooftop solar power systems.
In 2021, Onyx Solar, a Spanish producer of BIPV solar systems, installed approximately 3,250 crystalline solar modules on the facade of Sterling Bank’s Nigerian headquarters.
In September 2021, China Southeast Space Frame Group (SSFG) and First PV formed a joint venture to install 950 MW of solar PV in China over the next five years.

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About the Technology Division at Future Market Insights

The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

Key Segments Covered In The Building-Integrated Photovoltaics Market Report

Building-integrated Photovoltaics Market by Technology:

Thin Film Building-integrated Photovoltaics
Crystalline Silicon Building-integrated Photovoltaics
Other Building-integrated Photovoltaics Technology

Building-integrated Photovoltaics Market by Application Type:

Building-integrated Photovoltaics for Roofs
Building-integrated Photovoltaics for Walls
Building-integrated Photovoltaics for Façades
Building-integrated Photovoltaics for Glass
Building-integrated Photovoltaics for Other Applications

Building-integrated Photovoltaics Market by End-User:

Industrial Building-integrated Photovoltaics
Residential Building-integrated Photovoltaics
Commercial Building-integrated Photovoltaics

Building-integrated Photovoltaics Market by Region:

North American Building-integrated Photovoltaics Market
Europe Building-integrated Photovoltaics Market
Asia Pacific Building-integrated Photovoltaics Market
Middle East & African Building-integrated Photovoltaics Market
Latin America Building-integrated Photovoltaics Market

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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

IoT Device Management Platform Market Growing at a 24.4% CAGR & Valuation is Projected to top US$ 39.7 Billion by 2032

According to the IoT device management platform analysis by Future Market Insights (FMI), the demand in the market will increase at a healthy CAGR of 24.4% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 4,463.5 Mn by the end of 2022. Sales are expected to be driven by factors such as the overall development of IoT network and systems, increasing concerns regarding network security, escalating need to track the health, etc.

IoT device management systems allow organizations to collect and analyze data. It also functions as the bridge between the edge network and user’s downstream data servers and enterprise applications which is also anticipated to augment growth.

An IoT network and device management platform provides centralized management, uncomplicated provisioning, and real-time insights into all current device and integrations to support organizations stay on top of their deployment.

IoT device management platform is integrated with a strongand accessible wireless solution, it permits users to easily broaden IoT network and solutions at the reduced cost and complexity thus, all these advantages offered by the IoT device management platform are contributing to the market growth.

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Wearable technology, like smart watches, have an enormous potential in the IoT space and for numerous businesses. Fitness and lifestyle-based businesses will mainly find this trend advantageous, considering the fact that various smart watches and wearable devices are combined with health and fitness tracking options.

Wearable IoT devices could be utilized to protect and monitor heart attacks, monitor EMG sensors for stroke patients, and monitor asthma. IoT device management platform offers features such as real time device tracking, secure connectivity and data collection, data integration across apps/devices, over the air software updates, and sensor data analytics for smart wearables. Thus, development of wearable IoT technology is increasing the demand for smart wearables.

Agriculture industry is one the major industries for adoption of IoT technologies for a wide scale of applications like smart irrigation, activating frost fans, automated feeding systems to tank and feed bin tracking, and other mechanized procedures.

Predictive analytics feature offered by IoT device for smart farming is the major trend in the agriculture industry because its helps farmers to make plans concerning the production and storage of the crops, marketing approach, and risk management.

As per the report by Business Application Research Center (BARC), the adoption of IoT devices in the agriculture industry have reached US$ 75 million in the year 2020, growing at around 20% annually. Smart farming based on IoT technologies permits farmers to reduce waste and improve productivity ranging from the amount of fertilizers used to the number of journeys the farm vehicles have made, and enabling well organized usage of resources like electricity, water, etc.

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Key Takeaways: 

By solution, the IoT device management platform segment is anticipated to account for the leading share in the global demand for IoT device management platform in 2022.
By enterprise size, the small and mid-sized enterprises segment is estimated to grow at a robust CAGR of 26.0% through 2032.
By industry, the healthcare segment is anticipated to grow at a CAGR of 33.1% between 2022 & 2032.
Europe is expected to progress at the highest CAGR of around 33.0% followed by South Asia and Pacific in 2032.
The market in Japan is expected to progress at a CAGR of around 27.8% through 2032.
In India, sales are expected to grow at a CAGR of close 34.0% over the next ten years.

IoT Device Management Platform Outlook by Category
By Solution:

IoT Device Management Platform
- Cloud-based
- On-premise
Services
- Professional Services
  - Consulting
  - Integration and Deployment
  - Support & Maintenance
- Managed Services

By Enterprise Size:

Large Enterprises
Small and Mid-Sized Enterprises (SMEs)

By Industry:

Manufacturing
IT and Telecom
Government
Healthcare
Transport and Logistics
Energy and Utilities
Retail

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Data Center Liquid Cooling Market Predicted to have CAGR of 19.4% During the Period of 2022-2032

As per Future Market Insights, the global data center liquid cooling market is expected to rise at a CAGR of 19.4% to reach a valuation of US$ 12.7 Bn by 2032 from US$ 2.2 Bn in 2022.GPUs aid in the acceleration of computational operations, which is a key component of modern AI infrastructure. Data center GPUs are built for large-scale projects and are used for deep learning technology implementations.

They may deliver enterprise-grade performance and are utilized for deep learning technology implementations. The increased use of GPUs has resulted in increased data centre liquid cooling consumption around the world.
Due to the halts in data centre development projects during lockdowns, the pandemic had a moderate influence on the market in 2020, with the sector reporting a fall in demand for new data centre liquid cooling systems.

In 2021, the market grew steadily, owing to increased demand for online services and increased data capacity in numerous application fields.The requirement for managed network services and remote working applications has risen recently, prompting businesses to invest in a variety of developing technologies and also increasing the demand for data center liquid cooling.

The current data center liquid cooling market trends indicate that the IT infrastructure has gotten more diverse in recent years. Operators and service providers of telecom data centres and services have the chance to develop new technology.

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To ensure that all services are provided at high speed and correctly, telecom data centres make considerable use of fiber networks. For mobile services, content distribution, and cloud services, this necessitates high connectivity. As a result, there is a lot of use of density racks, which leads to a lot of demand for data centre liquid cooling systems.

As per the data center liquid cooling market study by FMI, large data centres are distinguished by their extensive use of processing power to meet the data centre needs of large corporations. These data centres are distinguished by stringent operational cost limits and stronger demand for energy efficiency.

Currently, these data centres are seeing a lot of racks- and row-based cooling solutions, but immersion cooling technologies are expected to see a lot more acceptance because of the higher cooling requirements of high-density server racks. The increased demand for energy-efficient cooling solutions, compact and noise-free solutions, lower operating costs, and improved overclocking capability are all major drivers driving the data center liquid cooling market’s growth.

Furthermore, advances in artificial intelligence, blockchain, and other emerging technologies, as well as high-density cooling, are projected to open up several prospects for data centre liquid cooling manufacturers.

Key Market Trends
Germany’s demand for data centre liquid cooling is expected to climb 7.7 times by 2032, making it the fastest-growing sector in Europe.
The US data center liquid cooling market size is expected to reach a valuation of US$ 4.1 Bn by 2032.

Cold plates dominated the data centre liquid cooling market in terms of cooling type, with a market share of 33% in 2021. During the years 2022-2032, however, demand for direct liquid cooling is expected to grow at a 30 percent CAGR. The large data centers in the data center liquid cooling market are projected to rise at a CAGR of 17.7% throughout the forecast period.

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Competitive Landscape
The data center liquid cooling market’s major players include Aecorsis BV (Asperitas), Alfa Laval AB, Asetek A/S, Bitfury Group Limited (Allied Control Ltd.), Rittal GmbH & Co. KG, Black Box Corporation (AGC Networks Pvt Limited), Chilldyne Inc., CoollIT Systems Inc., DCX The Liquid Cooling Company, Green Revolution Cooling (GRC), Inc., IBM Corporation, Iceotope Technologies.

These thought leaders are concentrating on strategic partnerships in order to evaluate the potential of data centre liquid cooling systems and speed up the data center liquid cooling market adoption.

Recent Developments
Liquid Stack will attend the Supercomputing ’21 Conference in St. Louis in November 2021. The business unveiled its first OCP open accelerator infrastructure (OAI) servers that are optimised two-phase liquid immersion-cooled.

Wiwynn’s sophisticated hardware, combined with Liquid Stack’s two-phase immersion cooling technology, provides unparalleled levels of processing power, efficiency, and space savings. Wiwynn’s optimised high-performance OAI servers with Habana Gaudi processors are shown in a 2-phase immersion-cooled Liquid Stack data tank in this integrated presentation.

Icetope Technologies Limited announced the release of a highly scalable, GPU-rich, and liquid-cooled solution for the deployment of HPC and AI workloads in colocation using Lenovo ThinkSystem SR670 servers in January 2021, which is projected to have a positive impact on the data center liquid cooling market growth.

Key Segments

By Component:

Services
Solution

By Data Center Type:

Small & Medium Sized Center
Large Center

By Component:

Solution
Services

By End Use:

Cloud Providers
Colocation Providers
Enterprise
Hyperscale Data Centers

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

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Church Management Software Market Size, Share, Growth Analysis Forecast Report to 2032

According to a recently released FMI analysis, the worldwide church management software market is anticipated to generate US$ 405 Million while demonstrating a 5.7% CAGR between 2022 and 2032. The market is anticipated to generate US$ 232.4 Million in 2022, representing a US$ 172.6 Million potential.

The adoption of church management software in large and small organizations is anticipated to gain benefits from church management as it is becoming more popular. Rising development in church management software and the addition of new features will grow the demand and are anticipated to foster the market growth on a large scale in near future. Also, growing threats to data security and the high deployment cost of the church management software are some of the prominent factors anticipated to hinder the market’s growth during the forecast period.

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From 2015 to 2021, demand for church management software grew at a CAGR of 6.4% to close at US$ 218 Million. As per the analysis, the cloud-based segment is anticipated to hold remunerative opportunities for the global church management software market. Various developing countries are making significant developments in their budgets, thereby, offering lucrative opportunities to players in the market.

Key Takeaways:

By application, the mobile terminal segment is expected to record a 5.8% CAGR by 2032
By deployment, cloud-based church management software to expand at a 5.7% growth rate during the forecast period
The U.S market to garner US$ 144.5 Million and record a 5.5% CAGR from 2022-2032
Market in China to procure US$ 29 Million, expanding at a 5.1% growth rate during the assessment period

Global church management software industry to experience 1.7x growth from 2022-2032

Competitive Landscape

Eminent players of the global church management software market include ACS Technologies Group Inc., Anedot Inc., Blackbaud Inc., Faithlife LLC, and Ministry Brands LLC among others. Recent developments among players include:

In April 2021, Faithlife unveiled its newest, first-of-its-kind technology product set to revolutionize worship, discipleship, and management for church leaders. Faithlife recognizes the challenges church leaders face, especially in today’s complicated times when the way we previously ministered to congregants has changed significantly.
In August 2021, Ministry Brands announced the acquisition of WeShare and WeGather assets from LPi, a leader in print and online communications primarily serving the Catholic Church market. The addition of WeShare and WeGather enables Ministry Brands to better serve Catholic constituents.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global church management software market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Covered in the Church Management Software Industry Survey

Church Management Software Market by Application:

Church Management Software across Mobile Terminals
Church Management Software across PCs

Church Management Software Market by Application:

On-premises Church Management Software
Cloud-based Church Management Software

Church Management Software Market by Region:

North America Church Management Software Market
Europe Church Management Software Market
APAC Church Management Software Market
The Middle East & Africa Church Management Software Market
Latin America Church Management Software Market

Biogas Market | Growth, SWOT Analysis, Top Companies, Competitor Landscape, Regional Outlook by 2031

As per a Future Market Insights (FMI), the global biogas market is projected to grow at a steady 6.80% CAGR over the forecast period from 2021 to 2031. The overall market size is expected to top US$ 61.2 Bn by 2031, with the U.S., Germany, India, and China emerging as key producers and exporters of biogas.

Shifting focus on renewable sources of energy to reduce fossil fuel dependency is a chief factor driving sales of biogas across various countries. In addition to this, governments in several countries are promoting the adoption of biogas as vehicular fuel, which is expected to augment growth of the market through 2031.

Sales prospects of biogas were dampened due to COVID-19 outbreak. However, with resumption in trade activities, recovery of the biogas market is on cards. FMI has projected demand for biogas to grow year-over-year by 7.10% globally between 2020 and 2021.

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The introduction of circular economy and increasing utilization of anaerobic digestion plants for biogas production are expected to emerge as lucrative trends in the biogas market. A circular economy promotes the reintroduction of wastes in the supply chain, improves waste management, and provides essential lipids for biogas production.

Apart from this, increasing adoption of biogas as vehicular fuel is also expected to fuel growth of the market. Countries such as Germany, Sweden, the U.K., and the U.S. are actively investing in biogas as an alternative to biofuels. This, in turn, is expected to push sales of biogas over the assessment period.

“Growing demand for biogas for household cooking applications, along with government-backed subsidies encouraging the usage of biogas in emerging economies are expected to bode well for the global biogas market through 2031,” says an FMI analyst.

Key Takeaways:

Based on source, the municipal segment is expected to expand at a steady pace over the forecast period, due to increasing utilization of municipal solid waste (MSW) for biogas production.
In terms of applications, sales of biogas in the electricity segment are projected to continue rising in response to growing demand for renewable sources of energy.
The U.S. will emerge as a lucrative biogas market, with sales growing at a 6.10% CAGR in the North America region.
Germany will continue exhibiting high demand for biogas due to stringent regulations regarding carbon neutrality. The Europe biogas market is poised to grow at a 5.90% CAGR through 2031.
China is expected to remain one of the key producers and exporters of biogas, accounting for a dominant share of the global biogas market.
Japan and South Korea will collectively account for 7.40% of the total biogas market share in 2021.

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Biogas Market by Category

By Source:

Agriculture
Municipal
Industrial and Others

By Application:

Electricity
Heat
Vehicle Fuel and Others

Competitive Landscape

Air Liquide, Wartsila, EnviTech Biogas AG, Asia Biogas, SCANDINAVIAN BIOGAS FUELS INTERNATIONAL AB, Schmack Biogas GmbH, Swedish Biogas International AB, PlanET Biogas Global GmbH, S. P. Renewable Energy Source Pvt. Ltd, Agrinz Technologies GmbH, and Greenlane Biogas are among the leading players operating in the global biogas market.

As per FMI’s analysis, top 5 players comprising Total SA, Air Liquide, Wartsila, Planet Biogas Global GmbH, and EnviTec Biogas AG are projected to hold around 27.10% of the total biogas market share in 2021.

Leading players operating in the biogas market are focusing on production facility expansions through mergers, acquisitions, and collaborations. This is expected to assist manufacturers in gaining a competitive edge in the market.

For instance:

In October 2021, EnviTech Biogas AG announced a strategic collaboration with BALANCE Erneuerbane Energien GmBH to build a bio-LNG (liquified natural gas) liquefication plant in Germany.
In December 2020, Scandinavian Biogas Fuels International AB, a key producer of biogas in the Nordics, announced that it has finalized the acquisition of Ekdalens Biostransport AB. The acquisition is a part of Scandinavian Biogas’s plans to achieve greater integration across the entire value chain, from organic waste to biogas and bio-fertilizers.

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More Insights into the Biogas Market Report

In its latest report, FMI offers an unbiased analysis of the global biogas market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of source (agriculture, municipal, industrial, and others), and applications (electricity, heat, vehicle fuel, and others) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Refrigeration Oil Market is Expected to Increase at a CAGR of 4.9% during the Forecast Period of 2022 and 2032

The world for refrigeration oil market is currently estimated at around US$ 1.369 billion, and is expected to reach US$ 2,332.9 million by 2032. Refrigeration oil market sales are expected to increase at a compound rate of 4.9%. in the period 2022 and 2032.

Increasing consumption of refrigeration oil in various applications such as air conditioners, refrigeration systems, freezers, chillers, chillers and others is expected to boost sales. With this in mind, Future Market Insights (FMI) estimates that the global refrigeration oil market will reach a valuation of US$2332.9 million in 2032.

Refrigeration oil is a lubricant, derived from either mineral oil or synthetic oil which is a blend of a special high-temperature formulation of oils and additives in order to provide lubrication to compressors. The refrigeration oil flows under pressure where it changes its state from liquid to vapours for generation of the cooling effect.

Some of the major reasons for the rise in demand for refrigeration oil in compressors as a lubricant is the cold chain transportation for frozen food, beverages and meat products, HVAC&R systems in healthcare sectors and increasing preferences towards low GWP refrigerants.

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Consumption of electricity power more than 70% by the refrigeration equipment and the depletion of ozone layer due to increasing emission of Green House Gases (GHG) from refrigeration systems has led to the production and adoption of low GWP refrigerants which will boost demand for more energy efficient refrigeration oil.

Various government organisations are trying to enforce amendments over the industries to reduce the use of HCFCs and CFCs in refrigeration system until 2030 by A5 countries in order to identify such refrigerants as obsolete. Thus, adoption of new refrigerants is expected to be the major reason behind the development of refrigeration oil compatible with these refrigerants in refrigeration.

Segmentation highlights

Based on product type, the global refrigeration oil market can be segmented into mineral oil and synthetic oil. The synthetic oil segment is expected to hold a significant share in the global refrigeration oil market and is expected to expand relatively higher in terms of value over the forecast period. The segment is expected to create incremental opportunity more than the mineral oil segment during 2016–2026
Based on the refrigerant type the global refrigeration oil market can be segmented as chlorofluorocarbon (CFC), hydro-chlorofluorocarbon (HCFC), hydro-fluorocarbon (HFC), ammonia and others. The growth rate of the others segment is expected to accelerate as compared to remaining refrigerants in terms of value and is anticipated to create a productive incremental opportunity over the forecast period
Based on application the global refrigeration oil market can be segmented as air conditioners, coolers, chillers, refrigerators/ freezers, condensers and others. The air conditioners segment is estimated to account for a major share in the overall global refrigeration oil market with relatively maximum CAGR value over the forecast period
Based on end user the global refrigeration oil market can be segmented as industrial, commercial and residential. Industrial segment is estimated to be a major contributor in the overall global refrigeration oil market followed by commercial and residential sectors by 2026 end

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Regional market projections

The global refrigeration oil market is segmented on the basis of region into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa. APEJ is anticipated to register the highest CAGR in terms of value over the forecast period.

North America and Europe are highly focussed on using low GWP refrigerants in refrigeration oil. The markets of Latin America, Middle East & Africa and Japan are expected to remain stagnant over the forecast period.

Refrigeration Oil Market by Category

By Product Type:

Mineral Oil
Synthetic Oil
- Polyol Ester
- Poly Alpha Olefin
- Alkyl Benzene
- Polyalkylene Glycol
- Polyvinyl ether
- Others (Phenol Propoxylate oil)

By Refrigerant Type:

Chlorofluorocarbon (CFC)
Hydro-chlorofluorocarbon (HCFC)
Hydro-fluorocarbon(HFC)
Ammonia
Others

By End User:

Industrial
Commercial
Residential

By Application:

Air Conditioners
Coolers
Chillers
Refrigerators/Freezers
Condensers
Others (Ice Machines etc)

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Vendor insights

The major shareholders of the global refrigeration oil market are MEIWA CORPORATION, Royal Dutch Shell plc, ExxonMobil Corporation, Idemitsu Kosan Co. Ltd, FUCHS Lubricants, Chevron Phillips Chemical Company, BASF SE and The Lubrizol Corporation.

These players have adopted a strategy of capacity expansion of their existing production units and strengthening the sales distribution networks worldwide to meet the increasing demand for refrigeration oil across the globe and are therefore expected to offer productive market opportunity over the forecast period.

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Sludge Treatment Chemicals Market | Development Trends, Competitive Analysis and Key Manufacturers Report to 2032

Future Market Insights (FMI) delivers key insights on the global sludge treatment chemicals market in its latest report titled, “Global Sludge Treatment Chemicals Market: Industry Analysis and Opportunity Assessment, 2022–2032”. Global consumption of sludge treatment chemicals is estimated to be pegged at 10,977 thousand tonnes by 2016 end and is expected to increase at a CAGR of 4.7% over the forecast period (2022-2032).

The global sludge treatment chemicals market is projected to reach a value of US$ 14,456.8 Mn by 2032 end expanding at a CAGR of 4.6% during the forecast period. North America is estimated to account for relatively large market share of 32% by 2016 in the global sludge treatment chemicals market.

Demand for sludge treatment chemicals is expected to increase at a significant pace across municipal and industrial sludge treatment plants owing to the stringent regulations by the government and environmental agencies like Environmental Protection Agency (EPA) in North America.

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Increasing awareness among public and lack of availability of fresh water resources are also major factors expected to drive demand for sludge treatment chemicals market worldwide. Rapid industrialization results in an increase in industrial sludge production which needs to be treated, thus supporting the market growth over near future.

Major market players are focusing on mergers and acquisition strategy to expand their product portfolio and footprints worldwide. However, the introduction of membrane technology and sustainable products have changed consumer demand for sludge treatment technologies with a lower chemical consumption. This factor is expected to restrain the growth of sludge treatment chemicals market over the forecast period.

Segmentation highlights

The global sludge treatment chemicals market is segmented on the basis of product type, application, treatment, and region. On the basis of application, the global market is segmented into municipal and industrial sludge treatment chemicals.

On the basis of product type, flocculant segment is expected to dominate the market share throughout the forecast period. However, disinfectant segment is expected to expand at a significant rate over the forecast period.
Municipal application segment is expected to be the largest segment in terms of revenue throughout the forecast period, due to the increasing investments by the government in establishing sludge treatment plants.
On the basis of treatment, primary treatment continues to dominate as the most attractive segment in terms of market share over the forecast period. The primary segment is expected to hold 56.6% of the market share by 2026 end.
Tertiary treatment segment is expected to expand at a relatively high CAGR of 5.1% over the forecast period.

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Regional projections

On the basis of region, Asia Pacific is expected to witness a relatively high CAGR of 6.0% in terms of revenue over the forecast period. North America and Western Europe are expected to contribute significant revenue share to the global sludge treatment chemicals market throughout the forecast period. Stringent regulation pertaining to the treatment of sludge has led to long term supply agreements.

Key Segments Covered

By Product Type

Flocculant
Cationic
Anionic
Coagulant
Organic
Inorganic
Disinfectant
Anti foulant
Anti foamers
Activated carbon

By Application

Industrial
Paper and Pulp Industry
Food and Beverage Industry
Oil and Gas Industry
Metal Processing Industry
Chemical and Fertilizer
Automotive
Others
Municipal

By Treatment

Primary
Tertiary

Vendor insights

Some of the key players identified in the global sludge treatment chemicals market are BASF SE, Chembond Chemicals Limited, GE Water and Process Technologies, Kurita Water Industries Ltd., Kemira Oyj., Thermax Ltd., Akzonobel N.V., Solenis, Veolia Water Technologies etc.

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Strengthening of supply chain, particularly in regions such as APEJ and Latin America, is key focus area for players in this market. Manufacturers are focused on developing multifunctional polymers which could help in cost cutting and improved efficiency. A number of sludge treatment chemicals manufactures have been involved in strategic mergers and acquisitions to expand their customer base globally.

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