Market Research Blog – Page 11065 – New Product Development

North America Is Expected To Possess 18% Market Share For Industrial Solar Water Heaters Market In 2022 End | FMI

The market for industrial solar water heaters is anticipated to reach a market value of US$ 1,138.9 Million by 2032, growing at a CAGR of 3.7% over the forecast period of 2022-2032. The market is anticipated to reach a market value of US$ 791.8 Million in 2022.

Growth of the industrial solar water heaters market can be attributed to the increasing demand for the same from end user industries and commercial sectors. Industrial Solar Water Heater is a heating equipment powered by solar cells which in turn is used for applications such as heating of water, space heating, industrial process such as obtaining hot water or preheating of steam before it enters the industrial boilers.

Industrial solar water heater use has increased in North America and Europe as a result of the wealthy lifestyles, high disposable incomes, and high standards of living in those regions.

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APAC countries are anticipated to assist significantly for the growth of the global Industrial Solar Water Heaters market over the forecast period. Evolving countries in the APAC region, especially China and India, is estimated to play an imperative role in the growth of the Industrial Solar Water Heaters market in the coming future. In countries such as India and China, construction and automotive industry is in a very active state and is very attractive for the manufacturers there, is humungous growth potential for the global Industrial Solar Water Heaters market.

The market for the Industrial Solar Water Heaters is expected to grow as significant macro-economic factors such as the growth in industrialization, growth in urbanization, growth of construction industry and growth of automotive industry is on a linear side and thus will upsurge the growth of the global Industrial Solar Water Heaters market over the forecast period.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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The primary source of energy is the solar energy which can be utilized for various industrial applications. Moreover, as Industrial Solar Water Heaters are small in size and have great compressive strength, they are used as a structural lightweight fillers, thus Industrial Solar Water Heaters market is expected see rapid growth in all developed and developing countries in the future.

Industrial Solar Water Heaters Market: Market Participants

Some of the examples of the key market participants in the global Industrial Solar Water Heaters market, identified across the value chain are,

ATR SOLAR
SunEarth
Racold
Heliodyne, Inc.
Alternate Energy Technologies, LLC.
Excel Innovations Private Limited.
Apricus Solar Co. Ltd.
Chandrlok International
SunMaxx Solar
Greentek India Pvt. Ltd.
SUNPEAK USA Inc.
American Water Heaters

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Key Segments Profiled in the Industrial Solar Water Heaters Industry Survey

Industrial Solar Water Heaters Market by Industry Type:

Small Scale Industrial Solar Water Heaters
Medium Scale industrial Solar Water Heaters
Large Scale industrial Solar Water Heaters

Industrial Solar Water Heaters Market by Sales Channel:

Industrial Solar Water Heaters Sales via Original Equipment Manufacturers
Industrial Solar Water Heaters Sales via Aftermarket

Industrial Solar Water Heaters Market by End Use:

Industrial Solar Water Heaters for Automotive
Industrial Solar Water Heaters for Construction
Industrial Solar Water Heaters for Oil & Gas
Industrial Solar Water Heaters for Paints & Coatings
Industrial Solar Water Heaters for Other End Uses(Refractory, Bulk Fillers, Etc.)

Industrial Solar Water Heaters Market by Region:

North America Industrial Solar Water Heaters Market
Latin America Industrial Solar Water Heaters Market
Europe Industrial Solar Water Heaters Market
Asia Pacific Industrial Solar Water Heaters Market
Middle East & Africa Industrial Solar Water Heaters Market

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Drain Cleaning Equipment Market Is Expected CAGR Worth 6% Has Been Projected 2022-2032

The global drain cleaning equipment market is expected to accumulate US$ 234.6 Million in value by 2022-end. During the forecast period ranging from 2022 to 2032, a CAGR worth 6% has been projected for the market, with an expected closing value worth US$ 418.9 Million. During the 2016-2021 historical period, the industry grew at a value CAGR worth 5.1%.

As there is numerous material which can cause blockage in drainage. Drain cleaning equipment is the major components in operation and maintenance of water, wastewater, and sewer utilities. It is a never ending and challenging task to keep drainage system, the piping system in the flow. However, it is most important but most overlooked elements of healthy facilities.

The area of blockage may be hard to access and so difficult to remove the blockage. Drain cleaning equipment help to remove the blockage in these locations and clear the drainage system.

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Market Participants

Some of the examples of the market participants in the global Drain Cleaning Equipment Market, identified across the value chain are:

Masco Corp
DURACABLE.
Gorlitz Sewer & Drain, Inc
General Wire Spring Co.
Electric Eel Manufacturing Co Inc
Spartan Tools LLC
Duracable Manufacturing CO
Rothenberger USA LLC
Goodway Technologies Corp.
GT Water Products Inc.

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

Furthermore, significant investments in the field of cleaning as well as operation and maintenance of drains, wastewater, and sewer in the countries such as India and China will bolster the Drain Cleaning Equipment Market. The growth in the Drain Cleaning Equipment Market in North America is chiefly due to the government support and funding in the field of development and implementation. Rest of the world market is estimated to account for a relatively small share of the Drain Cleaning Equipment Market.

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The regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Market Segmentation

Segmentation of Drain Cleaning Equipment Market can be doneon the basis of product type as follows:

Hand Tools
Auger
Hand Spinners
Plunger
Sewer Tapes
Power Tools
Sink Machines
Drum Machines
Sectional Machines
Water Jetters
Rodder Machines

Segmentation of Drain Cleaning Equipment Market can be doneon the basis of application as follows:

Municipal
Residential
Industrial

Segmentation of Drain Cleaning Equipment Market can be doneon the basis of By sales channel as follows:

Distributor Sales
Retail Outlet
Online Sales

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Drain Cleaning Equipment Market:Market Dynamics

Significant investments by State and Federal governments on the operation and maintenance of water, wastewater, and sewer utilities is one of the major factors in driving the drain cleaning equipment demand in the forecast period. A survey from American Society of Civil Engineers (ASCE) states that waste water treatment plants will increase considerably in the upcoming year. As these are the target markets, the drain cleaning equipment market is expected to grow significantly in the upcoming years.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

The high price of power drain cleaning equipment limiting their usage on commercial applications. The traditional hand tools such as plungers and augers are commonly found to be used in household applications, the major reason being the low cost, which in turn results in high penetration of these products. Where the advance drain cleaning power tools such as drum machine, sectional machine, sink machines, and water jetters are capable of offering a wide range of operations and are easy to use, find limited adoption in the household due to its high price. However, providing drain cleaning equipment on rent is in trend these days.

North America Is Closely Following Europe In The Motor Winding Repair Service Market With An Approximate CAGR Of 26% Between 2022-2032

The motor winding repair service market is set to showcase growth at a CAGR of 5% during the forecast period. The global motor winding repair service market is likely to project a market revenue of US$ 7,832.5 Mn in 2022, and is anticipated to cross US$ 12,780 Mn by 2032.

Usually copper uses as wind material owing to high heat resistant, moisture resistant, and resistant to smoke or odor and better flexibility. On the other hand, Performance improvements, increased power density, reliability and efficiency come from advances in materials and craftsmanship. Such as, superior resins and shielding tapes mend thermal dissipation.

Moreover, automated coil forming technology and precise application of insulating tapes certify consistent coil duplication may enhance the efficiency of the motor. The future stance in the global motor winding repair service market is expected to persist positive & the market is anticipated to eyewitness twice digit CAGR growth during the forecast period.

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Region-wise Outlook:

The Asia Pacific region is anticipated to witness the fastest & highest growth during the forecast period on account of the amassed sales and production of electric vehicles. Furthermore, continuous increasing the production of motor driven system, for instance, household application, industrial application and automotive industry, in major countries such as China, India, South Korea and Singapore.

Europe and North America are anticipated to witness a growing inclination for these yields. Furthermore, Latin America is growing the global motor winding repair service market owing to continuing development of the mining industry. On the other hand, Middle East & Africa is also generating significant revenue from oil & gas sector as well increasing hydrocarbon processing machinery during the forecast period.

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Participants:

The Key Participants of the global motor winding repair service market are following:

Integrated Power Services, LLC.
Delba Electrical
Continental Group
Excel Apparatus Services, Inc.
Whelco Industrial
EMW PRODUCTIONS, LLC
Smith Services
Electric Motor Rewinding Company Albury
Lloyd Electric Co., Inc
Rogers Electric Motor Services
ROGERS ELECTRIC & MACHINE
A Plus Winding Services, Inc

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Key Segments

By Type:

AC Motor
DC Motor

By End User:

Integral HP Output
Fractional HP Output

By Application:

Oil & Gas Industry
Automotive Industry
Mining Industry
Paper & Cement
Power Generation Industry
Nuclear Power
Fossil Power
Hydro Power
Household Appliances

By Region:

North America
Latin America
Asia Pacific
MEA
Europe

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.

Europe Is Currently Dominating The Global Optical Current Transformer Market With A Share Of 34.7% | FMI

The global optical current transformer market is forecasted to be valued at US$ 322.7 Mn by 2032, up from US$ 145.4 Mn in 2022, advancing at a CAGR of 8.3% during the forecast period. The dispensable requirement of oil and gas insulation promotes the growth of the optical current transformer market share.

Demand for optical current transformers sustains due to their lighter weight and smaller size. No mechanism of failure with improved safety induces the adoption of the optical current transformer. High accuracy for metering over an extensive range of primary currents increases sales of optical current transformer.

Magneto optical current transformer is preferred over fiber optical current transformer owing to its innovative features and benefits regarding regulations expands the overall optical current transformer market growth.

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The optical current transformer market share is expanded by providing device protection and resistance to electromagnetic interference introduced by the ground loop. Because of its small size and low cost, the optical current transformer market share is growing.

Competitive Landscape

Some of the key market participants in the optical current transformer market are ARTECHE, TRENCH Group, Asea Brown Boveri (ABB) Group Ltd., GE Grid Solution, SIEMENS AG, JSC PROFOTECH, Beijing Daelim Green EP Tech Co., NR Electric Co., T&D, Pfiffner, RITZ INSTRUMENT TRANSFORMERS GMBH, Emek Elektrik Endustrisi, Indian Transformers, Koncar Power Transformers Ltd., DYH (Activ1 Technology Co. Ltd.), Dalian Beifang, Daelim Belefic, KA Factor Group, EnglishCo LLC, Netico GmBH, Qoitech AB, DeepStream Technologies Ltd., Hangzhou Anmaisheng Intelligent Technology Co. Ltd., etc.

They assist in increasing revenues and expand product offerings in standardised form by introducing R&D activities and strategies that encourage expansion, collaboration, and development with other firms.

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Some of the recent developments in the optical current transformer market are:

In 2018, Profotech became a resident of the special economic zone ‘Technopolis Moscow’ and set up serial production.
In 2022, ARTECHE participated in the hackathon ‘2022-Weetbe’, innovating in the asset management of the High Voltage Power Grid.
In May 2022, Hunan 500kV Shuicheng substation was successfully put into operation to realize the remote “one key sequence control” function.
In December 2020, NR Electric Co. independently developed the complete set of voltage sag control equipment based on high-speed switch, and successfully passed the full set type test of Xi’an High Voltage Apparatus Research Institute and its performance was fully certified by authority.

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The increasing use of high voltage devices in transmission, distribution, and power generation drives optical current transformer sales.

The use of optical current transformers is increasing as industries encourage the increased use of computerised control techniques and digital devices. The brittleness and device damage of conventional transformers increases demand for optical current transformers.

The provision of resistance in high voltage operations increases the size of the global optical current transformer market. The inefficiency of inductive type current transformers or porcelain insulators forces power stations and substations to use optical current transformers.

Residential Boilers Market Is Projected To Increase At A Rate Of 5.4% CAGR During The Forecast Period (2022-2032) | FMI

According to Future Market Insights, the global residential boiler market is anticipated to grow significantly during the forecast period (2022-2032). This due to increasing demand for advanced home appliances in residential sector across the globe.

Demand for residential boilers is anticipated to be driven by the growing demand from real estate sector in the U.S., Germany, India, and China. According to the Future Market Insights report, the global residential boilers market is expected to reach US$ 29.5 Bn in 2022, growing at a CAGR of 5.4 % from 2022 to 2032.

During the projected period, the demand for space heating and water heating household equipment is expected to rise along with government development plans, new construction projects, and need for a comfortable lifestyle.

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Key Takeaways of Residential Boiler Market Study

Residential boilers with capacities under 24 kW are anticipated to rise at a CAGR of 4.8 % during the projection period.
By technology, the condensing residential boiler segment will account for more than 70% of the global market.
In terms of fuel type, gas is anticipated to account for more than 74% of the global market share.
Based on application, the apartment segment is anticipated to expand at a value CAGR of 5.1% by 2032.

“Demand for residential boilers is projected to surge with expansion of real estate market. Shifting lifestyle preferences, governmental regulations, and real estate development plans will propel the demand in the market. To capitalize on growing demand key companies are increasing investment in technological advancements for product enhancement and after-sales service.” says Future Market insights analyst

Competitive Landscape

Top manufacturers are dominating the residential boiler market globally, which is highly consolidated. Market players are attempting to increase their market share by creating new products and upgrading existing product lines due to technological advancements.

Some of the companies are collaborating to expand their market-based sales channels while concentrating on providing consumers a network of post-purchase services. Additionally, key supply trends like the introduction of new products and significant investments in R&D are followed by producers of residential boilers. Ariston Thermo Group, Groupe Atlantic, Vaillant Group, and Viessmann are a few of the major companies in the sector.

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Find More Valuable Insights

The research report analyzes the market demand trends of residential boilers. The Egypt market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of residential boilers. As per Future Market Insights research scope, the residential boilers Market has been studied and segmented on the basis of product capacity and end-use. 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.

About FMI – Industrial Automation

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

Japan Is Forecast To Continue Dominating The Global Mining Shovel Market Between 2022 And 2032

The global mining shovel market is estimated to create an absolute dollar opportunity of over US$ 10 Bn by the end of 2032. The sales of mining shovels are expected to reach around US$ 7.8 Bn by 2022, exhibiting growth at 2% to 3% CAGR during the forecast period 2022-2032. Increasing emphasis on the development and introduction of advanced mining shovels with innovative technologies such as telematics is anticipated to facilitate the growth in the market.

Mining shovels are mostly electric powered, and are primarily utilized for digging and loading earth, and for the extraction of minerals. Mining shovels are utilized in the surface mining of gold, copper, coal, and other commodities across the globe. Mining shovels are available in a wide range of payload capacities all over the world. They are designed and built to help mining sites move more quantities of material at lower cost per ton. Mining shovels are very difficult to operate owing to their mechanical complexity.

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Due to the rapid industrialization of emerging economies, particularly China and India, there has been significant growth in the demand for mined resources such as coal, iron ore, etc. Thus, it is anticipated that the demand for mining shovels will increase in the near future.

Mining Shovel Market: Dynamics

Globally, the mining industry is cyclic in nature and depends upon the performance of numerous end-use sectors. However, the mining industry in Latin America and North America, primarily in countries such as Peru and Chile, is anticipated to return to its steady phase in the near future, creating opportunities for mining shovel manufacturers across the world, and, in turn, assisting the growth of the global mining shovel market.

Owing to the very high prices of mining equipment such as mining shovels, various end users are opting for rental solutions. This, in turn, is anticipated to hinder the sales of new mining shovels across the globe, and, in turn, acts as a restraint for the mining shovel market.

Prominent manufacturers in the global mining shovel market are found to be involved in merger and acquisition activities in order to enhance their presence in the mining business across the globe. For instance, recently, Komatsu America Corp. completed the acquisition of Joy Global Inc.

Some manufacturers are focussed on the introduction of electric drive mining shovels that feature an advanced zero-emission electric drive motor, in order to provide higher productivity and low cost of ownership through reliability, efficiency, and durability.

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Mining Shovel Market: Regional Outlook

Globally, the mining shovel market is projected to be led by the Asia Pacific region, owing to its prominent share in the mining industry across the globe. Asia Pacific, led by China, is anticipated to account for the sales of a large number of mining shovels. Asia Pacific accounts for more than 3/5 of the global minerals production across the globe. Asia Pacific is expected to be followed by Latin America in the global mining shovel market, owing to the increasing copper mining across Brazil, Chile, Peru, etc. Latin America is anticipated to be followed by North America in the global mining shovel market over the forecast period. The North America mining shovel market is projected to be followed by Europe over the forecast years. The Middle East & Africa is expected to account for a small share in the global mining shovel market, owing to the comparatively low rate of mining activities in the region

Mining Shovel Market: Market Participants

Some of the important companies involved in the mining shovel market include Deere & Company and Hitachi Construction Machinery Co., Ltd., Caterpillar, L&H Industrial, Komatsu Ltd., IZ-KARTEX, and Taiyuan Heavy Machinery Group Co., Ltd., besides others.

Globally, the mining shovel market is projected to be consolidated in nature, due to the presence of a small number of players. A few global players are expected to hold prominent shares in this market.

The research report presents a comprehensive assessment of the mining shovel market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The mining shovel research report provides analysis and information according to market segments such as geography, payload capacity, and mineral type.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Installed Base Analysis
Current Trends/Issues/Challenges
Competition & Companies involved
Mining Shovel Value Chain
Mining Shovel Technology

Regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico, Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The mining shovel market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various factors on mining shovel market segments and geographies.

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Mining Shovel Market: Segmentation

The global mining shovel market can be segmented on the basis of payload capacity and mineral type.

Based on payload capacity (metric ton), the global mining shovel market can be segmented into:

20-25
30-35
40-50
More than 50

Based on mineral type, the global mining shovel market can be segmented into:

Coal
Iron Ore
Non-Ferrous Metals
Industrial Minerals
Precious Metals

Demand In The Asia Pacific Automatic Fire Suppression System Market Is Expected To Remain High Over The Forecast Period | FMI

The global automatic fire suppression system (AFSS) market size is forecast to surpass US$ 17 Bn in 2022. Rising concerns regarding the safety of working professionals in industrial and commercial sectors are expected to boost sales at a 5% CAGR over the assessment period.

The system is easily integrated with the vehicles, due to its low weight. Automatic fire suppression system is also used in vehicles to control and extinguish fire. The system is specially designed for vehicles to withstand vibrations of vehicles and the system doesn’t require any power supply to make them use anywhere and anytime.

The automatic fire suppression system contains infrared optical detection, fire suppressing storage cylinders, alarm unit and other components to prevent the assets and lives from the fire. There are different types of automatic fire suppression system available such as fire detectors, fire extinguisher and sprinklers.

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Global Automatic Fire Suppression System Market: Drivers and Challenges

The demand for automatic fire suppression is growing with the expansion of various industries globally, especially in the Asia Pacific, Western Europe and North America. The automatic fire suppression system is already being implemented in various industries such as manufacturing, mining, automotive, oil & gas. Implementation of stringent government regulations to create a safe environment by encouraging the installation of automatic fire suppression system market is fueling the growth for the global automatic fire suppression system market. Growing demand for safety features in vehicles in developing countries and above factors are propelling the growth for global automatic fire suppression system market.

Though, the demand for automatic fire suppression system is increasing in the developing countries, the system has low awareness in underdeveloped countries. The automatic fire suppression systems requires higher capital investment, this is inhibiting the growth of the Global Automatic Fire Suppression System market.

Global Automatic Fire Suppression System Market: Overview

The Global Automatic Fire Suppression System market by value is expected to expand at a CAGR of around 7-9% during the forecast period (2015-2025), due to stringent government safety regulations, growing demand from various industries, etc.

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Global Automatic Fire Suppression System Market: Region-wise Outlook

The global automatic fire suppression system market is expectedto register a single-digit CAGR for the forecast period. Depending on geographic regions, the global automatic fire suppression system market is segmentedinto seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa. In terms of market volume and revenue, Asia Pacific automatic fire suppression market is projectedto register a significant CAGR during the forecast period. Growing demand for the system from industries such as Mining and Oil & Gas, especially in the economies like India and China, is fueling the growth of the global automatic fire suppression system market in Asia Pacific. Western Europe is also forecast to register a significant growth in the global automatic fire suppression system market, due to stringent government regulations to increase the safety.

Global Automatic Fire Suppression System Market: Key Players

Some of the key market participants in global automatic fire suppression system market are Siemens AG, Tyco, Robert Bosch GmbH, Johnson Controls, Honeywell International Inc., Halma PLC, etc.

The report covers exhaustive analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Value Chain

Regional analysis includes

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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Global Automatic Fire Suppression System Market: Segmentation

The global automatic fire suppression system market can be segmented by end-use industry, by product type and by regions

Based on end-use industry, the global automatic fire suppression system market is segmented as:

Oil and Gas
Mining
Manufacturing
Automotive
Others

Based on product type, the global automatic fire suppression system market is segmented as:

Engineered Automatic Fire Suppression Systems
Pre-engineered Automatic Fire Suppression Systems

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Sales In The Power Stacker Market Are Projected To Increase At 5.5% CAGR Between 2022 And 2032

The power stacker market is expected to grow at a CAGR of 5.5 percent. The market is expected to grow due to the increasing use of power stackers in distribution units, general material handling, and warehousing. According to the study, the power stacker market would be worth more than $2 billion by 2022.

Future Market Insights, in its latest business report, elaborates on the current situation of the Power Stacker market in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.

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The market study depicts an extensive analysis of all the players running in the Power Stacker Market report based on distribution channels, local network, innovative launches, industrial penetration, production methods, and revenue generation. Further, the market strategies, and mergers & acquisitions associated with the players are enclosed in the Power Stacker Market report.

Power stackers are extensively used as a lifting equipment to lift and lower heavy objects with safety and ease. Hence, adoption of power stacker is surging across industrial and construction sectors to improve the productivity and efficiency of warehouse or any inventory.

According to Future Market Insights (FMI), power stacker with driver platform and rider-seated power stackers are expected to gain traction over the forecast period (2022-2032). Hence, to capitalize on the growing demand, manufacturers are introducing automatic and advanced technology power stacker.

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Further, as power stackers improve the productivity and efficiency of any warehouse and inventory, demand for these is expected to surge in industrial sector. These power stackers also reduce the lead time and operating cost, hence, end users are using these stackers to place, lift, and transport the load with lifting capacity of more than 2 tons.

Some of the market participants in the global power stacker market are Toyota Industries Corporation, Godrej Material Handling, MAINI Materials Movement Pvt. Ltd., Gloline Equipment Pvt. Ltd., Jungheinrich AG, CROWN, EP Equipment Co. Ltd., CLARK EUROPE GmbH, Jost’s Engineering Company Limited, Presto Lifts, Linde Material Handling GmbH, Vestil Manufacturing Corporation, Reliable Storage System, PROLIFT Handling Ltd.

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Power Stacker Market: Segmentation:

Power stacker market can be segmented into type, application, load capacity, maximum lifting capacity and region.

On the basis of type, global power stacker market is segmented into:

Pedestrian-operated Power Stacker
Stackers with Driver Platform
Stand-In Power Stackers Stacker
Rider-Seated Power Stackers

On the basis of application, global power stacker market is segmented into:

Lifting equipment’s
Placing equipment’s
Transporting loads
Shifting equipment’s

On the basis of load capacity, global power stacker market is segmented into:

Less than 1 tons
1 – 1.5 tons
5 – 2.0 tons
More than 2.0 tons

On the basis of maximum lifting height, global power stacker market is segmented into:

Less than 1.5 meters
5 – 3 meters
3 – 4.5 meters
5 – 6 meters
More than 6 meters

Demand For Industrial Cybersecurity Solutions In Asia Pacific Is Expected To Increase At The Fastest Rate During The Anticipated Period By 2022-2032

As per the high-quality report of FMI, the  industrial cyber security market is predicted to increase at a CAGR of 7.7%, from USD 20.7 billion in 2022 to USD 29.99 billion in 2027. The driving factors of increased demand for industrial cyber security products in the power industry.

The pandemic caused chaos in the global economy at the start of 2020, causing unprecedented chaos and disruption for organizations and individuals all across the world. The pandemic has resulted in the introduction of a work-from-home option for most employees, posing operational issues for enterprises.

The Internet of Things has made it much easier to do difficult activities and has eased the lives of millions of people. It provides a new approach for contemporary companies to handle, store, and process data in the cloud and data centres.

Customers, businesses, and communication service providers all interact differently because too smart gadgets. They’ve made it possible to automate and adapt many company procedures. The rising use of smartphones throughout the world has resulted in an increase in the number of networked devices that run on many platforms.

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Owners of industrial companies and their personnel underestimate the present and impending possible risks in the industrial control systems environment due to the relative rarity of targeted assaults against automation systems and the excessive dependence on safety measures.

Synthetic assaults are guarded against by industrial control systems. As a result, security goods and software solutions are developed without addressing new risks or the nature of future assaults, as well as without a full analysis and examination of the current threat environment. As a result, real-world dangers are undervalued.

Modern security technologies are used in the industrial sector to prevent cyber-attacks, but attackers create new strategies and processes to get around them. Investments in security defence and detection technologies aid in the development of successful defensive plans, yet, one of the most common causes of breaches is human mistake.

These mistakes occur as a result of employees’ lack of understanding, putting the industrial sector at risk. Advanced cyber-attacks vary in design, but they always target specific network weaknesses and exploit them to get access to company networks. Advanced cyber threats have risen dramatically in recent years, becoming a serious security problem for the industrial sector.

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Employee training should be regarded as equally important to properly safeguard industrial facilities from cyber-attacks or cyber threats, in addition to adopting appropriate hardware and software-based security technologies.

In the absence of understanding of the related hazards, every employee who is a member of an organisation constitutes a threat to security. As a result, cyber security training is essential for personnel to comprehend, anticipate, and avoid future dangers before they become more serious. The staff will also be able to implement safe business practices at work as a result of the training.

North America is expected to have a significant industrial cyber security market share. Significant industrial cyber security market players are mostly responsible for the region’s progress. The North American industrial cyber security market is predicted to rise as key companies increase their investment to extend their global footprint.

During the anticipated period, Asia Pacific is expected to increase at the fastest rate. The adoption of cloud-based security software is a priority for major players. In the manufacturing industry, these nations have a large number of SMEs and startups.

Throughout the forecasted period, Europe is expected to increase at a significant rate. The rise in investment for the expansion of secure IT infrastructure throughout the automotive industry is largely responsible for the region’s success.

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KEY TAKEAWAYS:

The hardware solutions from the industrial cyber security market are expected to grow at the fastest CAGR of 7.1% in the component sector.
Discrete industry is expected to grow at a high rate in the end-use sector of the industrial cyber security market, with a CAGR of 7.6%.
The market size for industrial cyber security in the United States is expected to reach US$ 9.7 Billion by 2032, growing at a CAGR of 7.3% during the research period.
UK is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market by 2032, with a CAGR of 7.7% during the research period.
China’s industrial cyber security market is expected to be worth US$ 3.2 Billion by 2032, with a CAGR of 9.1% over the forecast period.
Japan is expected to have a market size for the industrial cyber security of US$ 2 Billion by 2032, with a CAGR of 9.2% during the research period.
By 2032, India is expected to reach a market size of US$ 2.6 Billion in the industrial cyber security market, with a CAGR of 9.3% during the research period.

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COMPETITIVE LANDSCAPE:

Major players such as Schneider Electric SE, Rockwell Automation Inc., CyberArk Software Ltd., ABB Ltd., Bayshore Networks Inc. are among the industrial cyber security market’s top participants.

Several business strategies are being implemented by these companies in order to boost their global expansion and deliver sophisticated security services.

Exablaze, an Australian developer and producer of innovative network devices, was acquired by Cisco System, Inc. in February 2020. This acquisition will help the organisations improve their security network performance.
Broadcom Inc. will introduce BizOps, an improved decision-making platform for sectors, in June 2020. This approach would aid businesses in speeding up decision-making across a variety of commercial and technological fields.
CyberArk Software Ltd. introduced CyberArk, Cloud Entitlements Manager, an artificial intelligence-based solution, in November 2020. The solution was created to improve cloud infrastructure security layers across businesses.

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Bulk Material Handling System Market Historic Outlook In Comparison to 2021 – 2031 Forecasts | FMI

Global bulk material handling system sales are expected to increase from 13,000 units in 2021 to over 14,000 units by the end of 2031. According to Future Market Insights (FMI), the bulk material handling system market revenue is expected to reach $5.1 billion in 2021. The incorporation of remote user connectivity and interface in equipment, as well as the use of telematics-based services by original equipment manufacturers (OEMs), will drive the market, yielding a 2.10 percent year-on-year growth in 2021.

Bulk material handling systems are widely used in the construction and mining industries, where demand is driven by activities such as ore extraction, crushing, grinding, site-cleaning, demolishing, and decommissioning, among others. Furthermore, the bulk material handling market is expanding as a result of ongoing migration, increased urbanisation, and high-value infrastructure projects with healthy investment.

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Key Takeaways of Bulk Material Handling Systems Market Study

Key players focus on expansion of footprint in the developing countries, which also involves moving new products into new markets such as the Middle East, China and India where construction industry registered a double digit growth in the past decade.
As per the recent trend in the mining industry in the Americas and Asia Pacific, the demand for bulk material handling systems is expected to be from open or surface pit mining especially for coal and ferrous mining.
Since the rental and leasing service is a strong aspect of the bulk material handling systems market, many players have incorporated rental services as business segment while directly selling bulk material handling systems.
Band conveyor and stackers have been identified as the most recognizable bulk material handling systems as they are capable of accomplishing various tasks such as stock piling and transportation, particularly in packaging and manufacturing end use industries.

“Rental services play a pivotal role in the bulk material handling systems market, as these equipment are capital intensive. Hence, to gain profits in this market, players can focus on offering rental and leasing services while also directly selling bulk material handling systems,” says an FMI analyst.

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Bulk Material Handling Systems: Competition Scenario

The bulk material handling systems market is assessed to be fragmented market, where market players such as Hitachi Construction Machinery Co., Thyssenkrupp, Kawasaki Heavy Industries, Ltd., Liebherr Group, and Sumitomo Heavy Industries are estimated maintain their dominance in the market throughout the forecast period, and have strong order inflow.

Brief Synopsis

The increasing exploration and production (E&P) activities in oil & gas and mining industries coupled with burgeoning demand from construction industry as a result of growing infrastructural projects is expected to led to high volume orders of bulk material handling systems in the global market.

Increasing awareness of benefits and the resulting demand for automated bulk material handling systems is anticipated to reflect optimistically on the market growth rate of conveyors and stackers.

Though E&P activities in Europe are recovering, the region is projected to foresee healthy growth, attributable to the promising dynamics in the rest of the end-use industries that deploy bulk material handling systems, such as packaging and manufacturing.

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Key Segments Covered in Bulk material handling system Market Study:

Application

Mining
Packaging
Construction
Manufacturing
Sea Ports & Cargo Terminals

Equipment

Stacker
Stacker cum Reclaimer
Band Conveyor
Bucket Wheel Excavator
Stripping Shovel
Rope Shovel
Bucket Elevator
Ship Loader and Unloader

Region

North America
Europe
Latin America
APAC (Asia Pacific)
MEA (Middle East & Africa)

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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