Smart Mining Technologies Market is Anticipated to Reach US$ 9 Bn by 2032 | Report by FMI

According to the smart mining technologies market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of around 14.3% from 2022-2032. The report states that the market is expected to reach the valuation of US$ 2.3 Bn by end of 2022 and expected to reach US$ 9 Bn in 2032. Surging demand for digitalization and the adoption of IoT devices in mining operations is expected to drive growth in the smart mining technologies market.

Rising penetration of IoT in the mining industry for performance improvements, analytical maintenance, cost optimization and improved safety is expected to boost the smart mining technologies market.

Moreover, most mining companies are inclined towards digitalization to manage mining operations. IoT in the mining industry improves mining operations by improving data accuracy rates, reduction in energy expenditure and predictive maintenance. Also, IIoT (Industrial Internet of Things) can anticipate machine failures during mining, reducing downtimes.

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Within the next five years, several mining organizations are expected to digitize at least some aspects of their operations using operational intelligence systems. Wireless monitoring mining systems digitizes assets with real time performance tracking and connects large number of sensors, eliminating the need for wired monitoring.

Furthermore, increasing investments in predictive maintenance for full integration of network, continuous monitoring and reduced downtimes is fuelling the market demand for smart technologies in the mining industry.

Key Takeaways: 

  • By technology solution, the blockchain-based metal trading platform segment is estimated to grow at a robust CAGR of 17.5% through 2032.
  • By application, the risk & compliance management segment is anticipated to increase at a CAGR of 16.6% between 2022 & 2032.
  • North America region is dominating smart mining technologies market followed by Europe region in 2022. South Asia & Pacific is estimated as the fastest growing region during the forecast period.
  • The market in U.S. is expected to progress at a CAGR of around 10.0% through 2032.
  • In India, smart mining technologies market is expected to grow by 7.6X during the forecast period.
  • Smart mining technologies market in China is estimated to witness the absolute opportunity of US$ 447.3 Mn in the forecast period.

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Smart Mining Technologies Market by Category

By Technology Solution:

  • AI/ML-enabled Supply Chain Management
  • Mining Analytics Platform
  • Blockchain-based Metal Trading Platform
  • Emissions Management Software
  • Others

By Application:

  • Risk & Compliance Management
  • Mining Operations & Process Control
  • Mining Data Warehousing
  • Others

By Region:

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

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By 2030, Heat Pumps Is Anticipated That APAC And North America Will Account For 73.9% Of Global Revenue

According to FMI, in the Asia Pacific region, heat pumps will dominate the market for, followed by North America. By the end of 2030, it is anticipated that APAC and North America will hold a combined revenue share of 73.9 percent of the global market.

According to Future Market Insights (FMI), by the end of 2022, the heat pump market will have grown by 3.6 percent annually, reaching a value of about US$ 33,156 Mn.

The initial reduction of energy consumption and carbon emissions from such devices is recognised as a key market driver for heat pumps. Greater residential and construction investment will open up new markets for heat pump suppliers. Between 2022 and 2030, the market is anticipated to grow at a significant rate (CAGR) of 5.4 percent.

The Heat Pumps market in China is expected to rise at nearly 6.7% CAGR over the forecast period. China, one of the largest markets in Asia-Pacific to generate high demand for heat pumps in all three sectors including commercial, residential and industrial. Heat pumps can effectively use clean energy for heating, so they have been widely used in China. The country is expected to reach a value of about US$ 21,011.7 Mn by 2030.

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Amidst the health crisis, cooling as well as heating systems are critical to fulfil the immediate needs of consumers, such as providing thermal comfort in hospitals and homes, preserving food and medicines, and keeping data centers running. In line with this, refrigeration and heat pumps are essential for consumers.

As the world attempts to fight the COVID-19 pandemic, it has led to delayed production across several heat pump production facilities in major coronavirus hit countries such as the US, China, and Germany, This is expected to dampen heat pump sales by around US$ 1 Bn in 2022.

Moreover, the COVID-19 pandemic will significantly impact consumer behavior in the short term, with domestic shipments from China for air source heat pumps (ASHPs) registering drop of over one-third in January 2022.

The heat pumps market will witness v-shaped recovery growth, owing to rising inclination towards innovative construction solutions, especially in countries such as India, China, and Mexico.

Key Takeaways from Heat Pumps Market Study

  • Air-water heat pumps are finding immense use in domestic hot water, floor heating, and space heating/cooling applications.
  • Heat pumps having flexible or twin-speed features to reduce energy consumption and improve overall efficiency throughout are likely to garner substantial traction over the forecast period.
  • Demand for CO2 refrigerant heat pumps is expected to increase, given its excellent recyclability, low cost, and environment-friendly attributes.
  • Hybrid heat pumps are likely to see significant rise in adoption, owing to their high efficiency, lower energy consumption, and cost effectiveness as compared to other heat pumps.
  • Air-source heat pumps continue to grab huge attention of market players, owing to their low installation cost and high demand in North America and Western Europe.

“As the world moves towards sustainable and green energy solutions, heat pumps are expected to replace conventional heating systems rapidly in the near term. In addition, the ongoing coronavirus (COVID-19) spread can alter how companies organize their supply chains in the coming years, with more stress being layed on decentralization”.

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Heat Pumps Market : Competitive Landscape

The study provides vital insights of the competition landscape in the heat pumps market, along with various strategies adopted by prominent players. The heat pumps market is fairly competitive, with manufacturers offering identical products. Some of the key manufactures in the heat pumps market are Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Group, NIBE Group, and Danfoss Group Global.

Market participants are investing in R&D activities to develop new products with better energy efficiency, and are also focusing on providing aftersales services.

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According To FMI, The Power Tools Market In India Is Expected To Grow At An 8.9 Percent CAGR.

Over the forecast period, it is anticipated that the India power tool market will grow at a healthy CAGR of 8.9 percent in terms of value and 9.5 percent in terms of volume (2016–2026). Power tool market revenue growth can be attributed to a number of factors, about which FMI provides in-depth insights in the report.

Global Players in the market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Regional players in the market include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

The power tools market in India is anticipated to register a Y-o-Y growth of 6.7% by end of 2016, and is estimated to reach INR 3,532.8 Crore in terms of revenue. Growing industrialisation and widespread availability of wide range of power tools will continue to drive growth of the India power tools market. The markets in South and North India are estimated to collectively dominate the India market.

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Robust development in the industrial sector and growing automotive sales are key factors driving growth of the India power tools market. Moreover, increasing consumer confidence index (CCI) in India is projected to play a key role in escalating demand for power tools in the India market. Emergence of a variety of cost-effective, durable and multi-functional power tools is anticipated to fuel demand in future. In addition, shifting consumer behaviour toward DIY hacks is also expected to boost demand for power tools in India.

Professional power tools will continue to gain traction, and major shift from nickel-cadmium to lithium-ion powered tools will create new opportunities for power tools manufacturers in the country.

However, increasing import of power tools from China may negatively impact market share of domestic and international players in the India power tools market.

The India power tools market is expected to witness increasing demand for industrial power tools as compared to household power tools. Industrial power tools segment is anticipated to contribute over 55.8% in terms of revenue to the market; whereas household power tools segment is expected to account for 44.2% in terms of value share by end of 2016.

Low operational costs and ease-of-use will continue to drive electric power tools segment, which is anticipated to dominate the India power tools market till 2016 end. Pneumatics and others segments are projected to collectively contribute over 46% in terms of value share to India power tools market in 2016.

The markets in South India and West India represent highest penetration of power tools, owing to concentration of a large number of industries. South and North India markets are expected to expand significantly in terms of revenue as compared to moderately thriving East India and North India markets.

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India Power Tool Market Dynamics

  • Power tool sales growth in India is influenced by macroeconomics, robust industrial growth in India, increasing automotive sales, increasing consumer confidence index, emergence of durable, cost-effective multi-functional power tools, transition of consumer preference towards DIY ethics, and increasing online retail sales.
  • Key trends identified in the India power tools market include increased sales of professional power tools, a shift from nickel-cadmium to lithium-ion powered tools, and a shift from corded to cordless power tools. Furthermore, in order to gain a competitive advantage in the market and differentiate their products, businesses are investing heavily in the research and development of energy-efficient and environmentally friendly power tools.
  • Factors such as unavailability of skilled labour and high costs involved in hiring professionals for basic services in major cities across the country are anticipated to create significant opportunities and drive demand for power tools in the domestic market.

Key Segments

By End-use:

  • Industrial Power Tools
  • Household Power Tools

By Mode of Operation:

  • Electric
  • Pneumatic
  • Others

By Country:

  • North India
  • South India
  • East India
  • West India

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Power tools are categorised on the basis of power source into electric power operated tools (circular saws and drill machines), pneumatic power tools (jack hammers, chippers and compressed air guns), liquid fuel (gas), powered tools (saws), hydraulic power tools (jacks) and powder-actuated tools (nail guns).

Long-term Outlook: India power tools market is anticipated to register a healthy CAGR of 9.5% in terms of volume and 8.9% in terms of value over the forecast period, 2016–2026. Electric power tools market is estimated to account for 56.6% in terms of revenue share by end of 2026.

Competitive Landscape

The report includes market share analysis of the existing international, China-based and domestic players in the market. The report also profiles both global and domestic players in the India power tools market.

Global Players in the market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Regional players in the market include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

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

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Electrical Steel Sheets Market is expected to reach US$ 70.5 Bn by 2031

The Global Sales Of Electrical Steel Are Set To Be Respected At Over US$ 37.5 Bn In 2021, With A Steady Long-Term Prediction, According To The Latest Insights By Future Market Insights (FMI). The Report Estimates The Market To Grow At Over 6.5% CAGR From 2021 To 2031.

According to the annual market analysis performed by Future Market Insights, the growth of the energy and automobile industries has led to heightened demand for electrical steel products. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years. 

Despite the recessionary effect of the COVID-19 pandemic in 2020, the overall steel industry in terms of production and supply has largely remained unaffected. With the continual demand from the energy industry, the growth of electrical steel in the coming decade is expected to reflect an upward trajectory for the foreseeable future.

Demand for electrical steel is increasing with the rise in the volume of transformer and motor production and sales in recent years. This can be attributed to an increase in investments and expansion of new power generation and transmission projects in developing nations.

The growing requirement for mass production has resulted in the increased importance of process automation in the electrical steel market. The market is shifting towards Industry 4.0 norms, leading to the promotion and universal adoption of new production technologies.

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There is also an increasing demand from energy and automotive industries for the deployment of electrical steel in various applications. An increasing number of players focusing on research and development related to electrical steel is anticipated to have a significant contribution to market growth in the years to come.

Key Takeaways from Electrical Steel Market Study

  • Grain-oriented electrical steel is projected to hold over 51% cent of the global market share in 2021, supported by superior structural characteristics.
  • The energy sector is projected to hold over 33% of the overall market share as an end-user by 2031-end, supported by major investments into renewable energy projects.
  • The U.S. will remain a chief market, backed by rising demand from the energy sector. It is expected to account for over 86% of demand registered in North America in 2021.
  • The markets in India and China are set to surge at around 8% and 7% CAGR over the next ten years.
  • Russia is emerging as a key market in Europe, accounting for over US$ 2.1 Bn in 2021, driven by a massive energy infrastructure requirement.

Competitive Landscape

The electrical steel market is moderately consolidated, with key players accounting for more than 50% of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares.

Some of the key players in this industry include but are not limited to Novolipetsk Steel, Voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, JFE Steel Corporation, ArcelorMittal SA, Aperam SA, Baosteel Group, AK Steel Holding Corp, Allegheny Technologies, Inc., Phoenix Mecano AG, and Steel Authority of India Limited.

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Why Future Market Insights?

  •   Comprehensive analysis of evolving purchase patterns across different geographies
  •   Detailed insights of market segments and sub-segments for historical as well as the forecast period
  •   A competitive analysis of prominent players and emerging players in the keyword market
  •   Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Groundbreaking research and market player-centric solutions for the upcoming decade according to the present market scenario

About Future Market Insights (FMI)

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

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Sales Of Centrifugal Pumps Will Grow At A CAGR Of 4.6% Between 2021 And 2031, According To FMI.

The Centrifugal Pumps Market is anticipated to grow favourably through 2021, with the estimated global valuation expected to surpass US$ 29 billion in that year. Sales of centrifugal pumps are expected to grow at a 4.6% CAGR between 2021 and 2031, according to Future Market Insights (FMI).

The agricultural sector will experience faster growth than industrial applications, which are predicted to have the highest demand. FMI has forecast the centrifugal pumps demand to rise at 4.7% between 2021 and 2031 in the agricultural segment.

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FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps, particularly in domestic, Water, and wastewater treatment industries

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Key Takeaways from Centrifugal Pump Market Study

  • Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
  • Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
  • The market in South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
  • The markets in India and South Korea are set to surge at a higher than 5% CAGR over the coming decade.
  • Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

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 “Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercial applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

Key Points Covered in Centrifugal Pumps Market Study

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on XYZ and How to Navigate
  • Recommendation on Key Winning Strategies

Find More Valuable Insights

The research report analyzes demand for centrifugal pump. The global centrifugal pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

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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.

Contact:

Future Market Insights,

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By 2031, Market For Variable Frequency Drives (VFDS) Is Anticipated To Expand At A Rate Of 5%, According To FMI

In recent years, the variable frequency drives (VFD) market has seen significant growth, owing to increased opportunities for infrastructure development in emerging regions, which has boosted demand for heating and ventilation systems. VFD development is currently shifting toward offering industry-specific solutions with the goal of lowering costs and reducing operational downtime, prompting a slew of manufacturer innovations.

Variable frequency drives, particularly in critical environments and the industrial internet of things, are becoming more common in Industry 4.0. (IIot). As factories embrace automation, variable speed drives with embedded logic as onboard programmable logic controllers are becoming more common.

One of the IIoT advantages of using VFDs is improved remote access. Technicians can remotely monitor project and equipment conditions, and workers receive alerts faster, allowing them to correct anomalies on time. It is also possible to perform predictive maintenance and real-time monitoring.

As a result of these advancements, leading manufacturers are increasing R&D to produce smart VFDs. For example, Applied Machine & Motion Control (AMMC) sells the Yaskawa Microdrive collections J1000 and V1000. Such developments are expected.

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The global automotive industry has made prolific advances in the recent past. Emerging as a multibillion-dollar industry, the autonomous market is characterized by the emergence of a plethora of start-up investments. Consequently, the adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Bn as of 2019.

Prolific growth opportunities exist in the Chinese market, owing to an ever mushrooming automotive industry. Future Market Insights estimates the economic giant to produce 4.5 million variable frequency drives by 2021-end, as production cycles revert to normalcy in the aftermath of the coronavirus crisis. Hence, manufacturers are introducing a slew of technological innovations to tap this ever-expanding opportunity, thus generating powerful revenue ecosystems across the forecast period.

Key Takeaways of Variable Frequency Drives Market Study:

AC drives adoption surging in popularity by drive type; set to acquire 260 BPS by 2031-end U.S. and Germany to emerge as highly lucrative markets, owing to growing EV sales Growing concerns over excessive power consumption compelling automotive manufacturers to invest in low-voltage VFDs Regenerative applications to find growing applications, reaching nearly US$ 15 Bn by 2021-end Pumps and HVAC systems to collectively expand at a value CAGR worth 13% from 2021-2031

 “Rapidly expanding infrastructure for capital projects are attracting frequent capital investments, attributed to the increasing scale of urbanization. Hence, automotive sales are rising, leading to widening revenue pools for VFD manufacturers,” says the FMI analyst.

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Competitive Landscape

The variable frequency drives market is a highly competitive market, with a sizeable presence of both global as well as domestic players. However, key players account for nearly half of the market share. It is characterized by large supplier base and strong B2B networks.

The market has robust partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a foothold. Brand consciousness and aggressive marketing make it challenging for new entrants in the variable frequency drives market.

Variable frequency drives Market : Segmentation

Drive Type

  • AC Drive
  • DC Drive

Voltage Range

  • Low Voltage
  • High Voltage

Application Type

  • Standard
  • Regenerative

End-use Application

  • Pumps
  • Fan
  • Compressor
  • Conveyor
  • HVAC
  • Others

End-use Industry

  • Oil & Gas
  • Food processing
  • Automotive
  • Mining & Metals
  • Pulp & Paper
  • Others

Region

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

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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Future Market Insights,
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Water Softening Systems Market Is Anticipated To Expand At A Robust 6.5% Cagr By End 2031

As per ESOMAR-certified consulting firm Future Market Insights (FMI) recent market survey, the global water softening systems market is anticipated to expand at a robust 6.5% CAGR between 2021 and 2031, surpassing a market valuation of US$ 10.82 Bn in 2021.

Product innovations in systems associated with high efficacy, technological advancements, and durability, as well as growing global concerns about water contamination, are key trends shaping the water softening systems market.

Increased adoption of water softening systems due to high mineral content in water will drive sales in developed countries such as the United States, the United Kingdom, Germany, and Italy. The presence of key market participants will also boost market growth during the forecast period.

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Rising water quality awareness and government-led initiatives such as smart cities, combined with non-governmental initiatives promoting water sanitation and public health, will drive demand in emerging markets such as India, China, South Korea, and Brazil.

Application will continue increasing in the residential sector. FMI sees impressive prospects for non-electric water softening systems sales across households. Government policies adopted towards making clean water available for all will continue aiding sales growth in this segment.

“Conscious efforts to spread water quality awareness led by government and non-profit organizations, along with product innovations in water softening systems aimed at providing better efficacy and enhanced performance will augment market growth in the upcoming decade,” says the FMI analyst.

Key Takeaways from Water Softening Systems Market Survey

  • Based on design, twin-cylinder water softening systems will dominate the market.
  • Residential sector will experience increased adoption of water softening systems throughout the assessment period.
  • The U.S. will continue dominating the market due to the high concentration of market players.
  • Sales outlook in the U.K. is projected to be positive with increasing applications of water softening systems in households.
  • India will emerge as a lucrative market for sales of water softening systems, owing to growing awareness regarding water quality in the country.

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Competitive Landscape

EcoWater Systems LLC, Culligan International Company, Kinetico Incorporated, Hydroflux, Envicare Technologies Pvt. Ltd., Wychwood Water Systems Ltd., Harvey Water Softeners Ltd., Pelican Water Systems, BWT AG, Marlo Incorporated, Monarch Water Ltd., Qingdao Haier Co., Ltd., Atlas Filtri, Watts Water Technologies Inc., Feedwater Limited and Canature Health Technology Group Co Ltd. are among the top manufactures in water softening systems market, as profiled by FMI.

To manufacturers of water softening systems account for approximately 1/5th of the total sales of water softening systems. Lucrative strategies adopted by key players include new product launches, site expansions, mergers, acquisitions, and collaborations. For instance

  • In May 2021, Culligan International was acquired by BDT Capital Partners, LLC, entering its next phase of growth by accelerating consumer strategy and extend its international footprint by innovating products with digital growth initiatives.
  • In April 2021, Watts Water Technologies launches a new brand ‘Lync’ to provide solutions that address growing concerns in commercial buildings regarding water quality and preventing risks of infections from water-borne pathogens, while ensuring reliability and durability in the long run.

More Insights on the Water Softening Systems Market

In its latest report, FMI offers an unbiased analysis of the global water softening systems 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 operation type (electric and non-electric), application type (residential, industrial and commercial), design (mono cylinder, twin-cylinder, multi-cylinder), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Water Softening Systems Market by Category

By Operation Type: 

  • Electric
  • Non-Electric

By Application Type:

  • Residential
    • Salt-based
    • Salt-free
  • Industrial
  • Commercial

By Design:

  • Mono Cylinder
  • Twin Cylinder
  • Multi-Cylinder

By Region: 

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

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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According to Future Market Insights Inc., the Telecom Tower Power System Market Will Be Worth US$ 6.7 Billion By 2032

The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031.

Report Attribute Details
Estimated Base Year Value (2022) US$ 4.53 Bn
Anticipated Forecast Value (2032) US$ 12.03 Bn
Projected Growth Rate (2022-2032) 10.26% CAGR

According to Future Market Insights, increased demand for telecom tower power systems has resulted from the expansion of telecom infrastructure facilities to cover rural and other remote areas. Rapid technological advancements in manufacturing are also expected to supplement market growth in the near future.

Despite the COVID-19 pandemic’s recessionary effect in 2020, the telecommunications industry has remained unaffected in terms of essential service sector. With the ongoing demand for high energy efficient solutions, the growth of telecom tower power systems is expected to continue on an upward trend for the foreseeable future.

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Demand for telecom tower power systems is increasing with the rise in the volume of telecom tower networks in recent years. This can be attributed to an increase in investments and expansion of new telecom infrastructure projects in developing nations.

The growing demand for mass production has increased the importance of process automation. The market is shifting toward Industry 4.0 standards, resulting in the promotion and widespread adoption of new manufacturing technologies.

The growing number of players focusing on telecom tower power system research and development is expected to contribute to market growth in the coming years.

Key Takeaways from Telecom Tower Power System Market Study

  • Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
  • The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
  • The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
  • The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
  • Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

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Who is Winning?

The telecom tower power system market is moderately consolidated, with key players accounting for more than 55% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation PLC, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.

Telecom Tower Power System Market by Category

By Product Type:

  • Outdoor Telecom Power System
  • Indoor Telecom Power System

By Power Source:

  • Diesel Generator
  • Diesel Generator + Battery
  • Renewable Energy
    • Solar
    • Wind Turbine
    • Biomass

By Region:

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

About 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:                        

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According To FMI, Market For Silicon Anode Batteries Would Expand At A 21.5 Percent CAGR Until 2031

According to the report, the silicon anode battery market is expected to surpass US$ 2.09 Bn by 2031. Applications of these batteries are rising steadily across industries, as a replacement anode for graphite. Applications in automotive and consumer electronics will drive silicone anode batteries sales, finds Future Market Insights (FMI) in a new study.

Its application within the automotive sector is expected to skyrocket especially in response to the increasing production of electronic vehicles.  While the automotive sector currently holds dominance, the consumer electronics sector will trail closely, exhibiting high growth. Silicon has comparatively better technical features than graphite, hence it is used as a utility negative electrode in lithium-ion batteries.

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Key Takeaways of Silicon Anode Battery Market Study

  • Silicone anode battery market will register impressive growth, exhibiting 21.5% CAGR between 2021 and 2031
  • Expansion of consumer electronics and automotive sectors will enable the U.S. account for over 70% silicon anode batteries sold in North America
  • Despite a year of negative growth, the U.K. will register 16% y-o-y growth in 2021, thanks to increasing sales of electronic vehicles
  • Germany and France will emerge as highly lucrative markets for silicon anode battery in Europe
  • Increasing consumer electronics manufacturing and demand for state-of-the-art technologies supporting expansion in China. Japan and South Korea too will continue offering lucrative opportunities

“Silicon anode manufacturers are likely to capitalize on the increasing demand for electronic vehicles. Higher focus on environmentally-friendly technologies will continue offering attractive opportunities,” said a lead analyst at FMI.

North America currently leads the market. Europe too will exhibit increasing demand, thanks to increasing focus on the production of electric vehicles. Besides this, growth exhibited in both East and South Asia will increase at an accelerated pace especially since these regions are focusing on expanding their manufacturing facilities.

Who is Winning?

Some of the leading players operating in the silicon anode battery market are Amprius Inc, Nexeon Ltd, Enevate Corp and Boston Power Inc.

The Silicon Anode Battery market is a highly competitive market dominated by regional players. These companies are striving to offer the most optimized solutions while mitigating the technical challenges.

Companies operating in the market have been focusing on capacity expansion and introducing innovative solutions. For instance, Canada-based startup TRION Energy has been focusing on addressing incumbent challenges by adding silicon to graphite using its low cost technology called SiMoGraph technology.

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About the Report:

The research report analyzes the total sales of silicon anode battery on the basis of volume (MWh) and value (US$ Mn). The market is projected on the basis of factors such as industrial growth of battery sector, developments in battery technology, end-use industry demand, global GDP growth, industry value added, and government regulations. The scope of the research report includes only new sales of silicon anode battery.

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:

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Report: https://www.futuremarketinsights.com/reports/medium-voltage-transformers-market

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In 2022, Market For Machine Mounts Will Grow By 5.4 Percent Annually, Predicts FMI

The Global Machine Mounts Market to grow with a year on year value growth of 5.4% in 2022 reaching a value of about US$ 1,752.5 Mn by 2022 end. Machine Mounts is significantly used for fast, precise and automatic tool setting and workpiece measurement in grinding, turning and milling. It has the potential to cut setup time while enhancing dimensional accuracy. The global businesses are expected to witness a considerable value CAGR of 5.5% during the period of 2022 and 2027.

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FMI has identified Western Europe to remain a key market for machine mounts over the forecast period owing to increasing demand from end-use applications. We estimated the region to witness a value of CAGR 6.4% in the industry of Machine Mounts. We expect global Machine Mounts Market to account for about 1.5% of global machine tool market.

A growing necessity of automation across various industry sectors has proved to be the most valuable force driving the growth of the global machine mounts market. A machine mount is known for its use as a machine isolation device and is placed at the bottom of the machine tool. As global industrial growth reaches new heights, there has been a significant growth in using machine mounts.

The machines commonly known in the global machine mounts market are CNC machines, general machine tools, cutting machines, injection moulding machines, forming presses, EDM machines, air compressors, etc.

A new research report by Future Market Insights titled ‘Machine Mounts Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’ presents a detailed forecast of the global machine mounts market for the period 2017-2027. The study involves an in-depth approach for market analysis, as there are various designs available under every single category of machine mount types. According to the report, the global machine mounts market is expected to reach a value of over US$ 2,200 Mn by the end of 2027 and is expected to register a robust CAGR of 5.3%during the forecast period.

This growth in revenue is triggered by an improved trade scenario across the world. Government of many countries are making their move towards improving business relations with other economies by framing supportive trade policies. Japan is a prominent player in the global machine mounts market that has been displaying signs of strengthened export business in the last few years.

General Machine Tools to Dominate Global Market; Western Europe Largest Regional Market.

Demands from machinery operations are growing across key industries. Sectors such as automotive, railways, defence, agriculture, medical industry etc., are exhibiting a strong demand for different machines that incorporate machine mounts. General machine tools are expected to have a much larger market size than other machine types.

This segment is expected to reach a market value of over US$ 1,000 Mn by the end of 2027, growing at a CAGR of 5.7% during the forecast period. CNC machines are also expected to be in close competition with general machine tools in terms of growth rate.

Among the regional markets, we forecast Western Europe to project exceptional growth. With the economic stability and industrial growth, the region is expected to witness highest demand for machine mounts during the forecast period. Japan is projected to be a lucrative regional market for machine mounts with its progressive growth rate.

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Competitive Landscape

This comprehensive research report comprises a section dedicated to the analysis of leading companies and their key developments over the years. The report includes a brief profile of all these companies, including a SWOT analysis. The report mentions key players like Trelleborg AB, Cummins Inc., LORD Corporation, Hutchinson SA, Total Vibration Solutions Ltd., Vibra Systems Inc., Sunnex Group, Nu-Tech Engineering Services Ltd., Rosta AG, Vishwaraj Rubber Industries, Industrial Components Group, Fibet Group, Kurashiki Kako Co., Ltd. etc.

Global Machine Mounts Market by Category

By Product Type:

  • Levelling Mounts
  • Anti-Vibration Mounts
  • Sandwich Mounts

By Machine Type:

  • CNC Machines
  • General Machine Tools
  • Cutting Machines
  • Injection Molding Machines
  • Forming Presses
  • EDM Machines
  • Air Compressors

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

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The report states that aggressive marketing in the top countries of Latin America and the Middle East & Africa could benefit companies manufacturing machine mounts. What are the other strategies being adopted by Tier 1 and Tier 2 players in the global machine mounts market?

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights, Inc
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
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