Market Research Blog – Page 11109 – New Product Development

Centralised Workstations Market Comprehensive Shares, Historical Trends & Forecast 2022-2032

The worldwide centralized workstation market is at present esteemed at around US$ 14,687.4 Mn in 2022. The centralized workstation market is expected to advance at a CAGR of 11.9% to arrive at US$ 45,160.2 Mn by 2032 is the consequence of expanding reception across numerous industry verticals.

Centralized workstations are involved across different businesses for countless applications in plan and designing. The requirement for centralized registering to oversee different undertaking frameworks and work with information handling at a solitary, centralized area is driving income development of the worldwide centralized workstations market.

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Dynamics Impacting Growth of the Global Centralised Workstations Market

Some of the key factors boosting revenue growth of the centralised workstations market have been elucidated in Future Market Insights’ detailed report on this market.

Limited bandwidth requirements and low network interruptions: Centralised workstations do not require very high bandwidth and can be upgraded with very little network interruptions. Upgrades to the core enterprise system can be enabled at the central server without disturbing individual client systems.

Updates to the centralised server trickle down to individual clients, thereby reducing downtime in updating individual systems.

Further, different applications of centralised workstations can be unlocked as and when there is a requirement, which ensures that the bandwidth is not choked up with surplus files. This reduces bandwidth utilisation resulting in optimised server costs and enhanced performance.

Virtual Reality (VR) and Augmented Reality (AR) to Create Lucrative Opportunities for Providers of Centralised Workstations

VR and AR are expected to emerge as the next generation computing platforms. Providers of centralised workstations need to focus on these technologies to drive revenue in the global market. AR and VR have the potential to alter the personal computing user experience on the back of rapid technological advancements in information technology.

According to Future Market Insights analysis, these areas are anticipated to be the next computing frontiers to watch out for and key players in the centralised workstations market should factor in AR and VR in their solution offerings.

Future Market Insights Recommends…

With several players entering the lucrative market for centralised workstations with cost-effective solutions, Future Market Insights recommends key players to customize their offerings to suit the varied requirements of small and medium-sized enterprises. Centralised workstations typically find deployment in large enterprises that have the necessary technology maturity and financial buy-in.

Companies in the global centralised workstations market should consider the somewhat growing acceptance of small and medium businesses towards this new technology and infrastructure and map their solution offerings with the emerging business needs of small and medium businesses.

With centralised workstations finding mainstream application in the media and entertainment sector, solution providers need to have an accelerated focus on R&D and innovation in the design and deployment of centralised workstations and related components to facilitate seamless deployments in engineering and designing applications.

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What Is the Impact of COVID-19 Crisis on Centralized Workstation Market Growth?

During the COVID-19 epidemic, the top reasons for sending people home to work were health and safety. Employees’ eventual return to the office will be based on their health and safety. Things will be different as organizations begin to prepare their return to the office. Because of the rising adoption of centralized workstation solutions and the high number of computing service providers present globally, the adoption of centralized workstations has increased during the pandemic.

Also, there was increase in use of centralized computing across industries such as healthcare, education, banking and finance and others. Windows centralized workstations, Linux centralized workstations, and Unix centralized workstations assisted clients or organizations in implementing an efficient and cost-effective centralized IT infrastructure during the pandemic.

Competitive Landscape

The aforementioned players rely on multiple expansion strategies to deepen penetration across lucrative markets. These strategies include product launches, collaborations with key players, partnerships, acquisitions and strengthening of regional and global distribution networks.

In July 2021, Fujitsu announced launch of 11th generation workstations and desktops. These workstations specially designed for home office workers in need of power, agility, and flexibility. It helps to reduced power consumption and increase performance.
In November 2021, Lenovo Group announced partnership with DreamWorks Animation. Lenovo’s ThinkPad P Series and ThinkStation workstations helps to accelerate the challenging workflows across all the departments at the studio of DreamWorks Animation.
In November 2019, HP unveiled its first single-sourced remote workstation solution titled “HP Z Central”. The remote boost software to help organizations power HP Z Workstation performance from almost any device.

Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

Pricing Analysis

4.1. Pricing Analysis, By Type of Workstations

4.2. Average Pricing Benchmark Analysis

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Centralised Workstations Market Survey By Category

By Component:

Centralised Workstations Hardware
Centralised Workstations Software
Centralised Workstations Services

By Application:

Healthcare
Education
Banking and Finance
Manufacturing
Media & Entertainment
Engineering & Design
Others

By Type:

1-to-1 Workstations
1-to-Many Workstations

By OS:

Windows Centralised Workstations
Linux Centralised Workstations
Unix Centralised Workstations
Others

By Enterprise Size:

Large Enterprises
SMEs

Region:

North America
Latin America
Western Europe
Eastern Europe
China
Japan
SEA and other of APAC
Middle East & Africa

https://rigenrin.tribe.so/post/dark-analytics-market-by-system-type-end-user-region-industry-analysis-and—6310a2f52211c5819400c575

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https://itsthesa.tribe.so/post/dark-analytics-market-report-size-growth-demand-scope-opportunities-and-for–6310a302c080ff7590a82acc

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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Worldwide Sales Of Power Generators For Military Use Were Valued At Around US$ 1.06 Bn By 2032 | FMI

FMI’s report on the power generator for the military market highlights the specific needs of the defense and military sector. It identifies hidden growth opportunities for the market players, besides cautioning them against potential threats.

By the end of 2021, the total value of sales of power generators for military use was estimated to be around US$1.06 billion. By 2030, it is anticipated that the global market for military power generators will grow at a 3.5% CAGR and reach a value of US$ 1.44 Bn.

The military energy generator market accounted for 15% of the overall generator market. Within army corporations, strength generators are used for a variety of tactical operations. Because of the changing landscape, there is a stronger trend toward compact and lightweight designs.

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According to FMI, the demand for advanced and fuel-efficient generators will accelerate in the coming years. Increasing budget allocation towards strengthening the defense sector will subsequently aid the expansion of the market.

These mills are marketed as superior devices that provide reliable output at a low cost. The demand for advanced gas performance is expected to drive the growth of compact turbines in the coming years.

Uninterrupted and reliable sources of electricity delivery are crucial for a hit navy operations. Energy mills have applications throughout diverse segments within the navy industry. Against this backdrop, destiny marketplace Insights (FMI) foresees beneficial possibilities for electricity generator manufacturers inside the army marketplace.

Some of the key takeaways from the report are:

Market players are likely to witness attractive growth opportunities as military agencies focus on establishing integrated power systems. This will invariably fuel the demand for generators
Hybrid generators are likely to comprise an exceptionally lucrative product category. Ensuring environmental safety is high on the agenda of military agencies. They are keen on investing in fuel-efficient technologies that will also offer significant cost reduction
Backed by increasing military spending, North America is forecast to emerge as the dominant market for power generators
While diesel will remain the preferred fuel type, tightening environmental laws will boost growth prospects for natural gases as potential sources of fuel
Demand for power generators will remain significantly high in field hospitals and field camps and accommodations

The COVID-19 Impact

The COVID-19 outbreak has sent shockwaves across the globe. Experts even presume it to be the worst crisis the world has witnessed in the recent past. The crisis was unprecedented, resultantly it crippled the manufacturing sector of some of the major economic powerhouses.

Manufacturing is expected to be among the worst-affected sectors when the global economy recovers from the shock. The incredible drop in investment and, as a result, revenue generated within the industry paints a bleak picture.

The power industry is no stranger to a crisis. It is beleaguered by underpayment delays and deficits. Government-owned distribution companies face particular difficulties. Lockdowns on a national scale have presented unique and devastating challenges. Several companies in the industry are threatened by the liquidity crisis.

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Who is winning?

Leading companies operating in the power generator market have an impressive global presence backed by a strong distribution and sales network. Because the market is fairly consolidated, Tier 1 companies are expected to account for the lion’s share.

Market players will primarily focus on expanding their global footprint and product portfolio. Considering this, besides mergers and acquisitions, product launches will remain highly preferred strategic moves among competitors.

FMI profiles some of the leading companies operating in the global market. These include Cummins Inc., Caterpillar Inc., Rolls-Royce Holdings plc, HIMOINSA, Harrington Generators International, Teknel Srl, GRUPEL S.A., VÝVOJ Martin, HITZINGER GmbH, Fischer Panda GmbH, Ascot Industrial S.r.l., GREEN POWER SYSTEMS S.r.l., Kohler Co., Kirloskar Oil Engines Ltd., and Ausonia S.r.l.

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Rubber Tapes Market Will Generate New Growth Opportunities in Upcoming Year

The overall rubber tapes market is projected to develop at a reliable 4.4% CAGR, showing up at US$ 1.4 Bn in 2032. Extending interest for rubber tapes from the equipment and advancement regions should help bargains by 1.6 times some place in the scope of 2022 and 2032.

Interest for substantial sticky material is supposed to increment because of fast industrialization across the world. Hardware and electrical ventures represent the most extreme interest for rubber tapes for fixing links and gear.

Rubber tapes are produced utilizing strong materials with high strength and waterproofing skills. They are accessible in an extensive variety of grip quality according to the prerequisite of end clients. Vital participants are zeroing in on the assembling of rock solid tapes for project workers and modern place of work applications. Weighty rubber tapes are fundamental for successful fixing and improving misfortunes in framework and modern tasks.

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Ongoing improvements in rubber tapes are boosting their applications for sealing, repairing and holding activities across various industries. New advanced adhesive technology allows rubber tape to adhere to different materials for a longer duration. Rubber tapes with a combination of various rubbers and polymers can adhere to high abrasion and heavy-duty loads, thereby boosting their applications across the globe.

Further, these tapes are being used in the building & construction industry as an economical, and easy-to-use solution for indoor and outdoor construction activities. The availability of low and high tacking construction tapes makes it an ideal solution for indoor activities such as renovation, window, door and furniture and decorative paintings.

“Growing adoption of rubber insulation tapes in the electrics and electronics industry, along with increasing demand from the automotive industry will continue driving the rubber tapes market over the forecast period,” says the FMI analyst.

Key Takeaways:

Based on product type, sales in the ethylene-propylene rubber tapes segment will reach US$ 655.9 Mn in 2032.
Total sales of rubber tapes having a thickness between 0.7mm and 0.9mm are expected grow at a 4.3% CAGR over the forecast period.
Demand in the electrical and electronics sector will create an incremental opportunity of US$ 145.1 Mn over the forecast period.
Applications of rubber tapes in the maintenance and repair segment will account for 39.3% of the total market share in 2022.
Sales of rubber tapes in the U.S. are expected to offer an incremental opportunity of US$ 75.1 Mn over the forecast period.

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Rubber Tapes Market Landscape

Some of the key players dominating the global rubber tapes market are 3M Company, HellermannTyton Company, Scapa Group plc, tesa SE, Intertape Polymer Group Inc., Berry Global Inc., Nitto Denko Corporation, Atlantex Manufacturing Corp, Midsun Specialty Products, Inc., CS Hyde Company, MOCAP, LLC, Parafix Tapes & Conversions Ltd, Cole-Parmer Instrument Company, LLC, Senson Tek, ERGOM Z.A.E. Sp. z o.o, Godson Tapes Private Limited, 3A Associates Incorporated and Omega Rubber Industries.

Leading players operating in the global rubber tapes market are investing in mergers, acquisitions and collaborations to expand their global presence in the market. For instance:

In June 2021, Intertape Polymer Group announced an agreement to acquire Nuevopak Global Limited.

Rubber Tapes Market Report

Future Market Insights, in its new report, offers an unbiased analysis of the rubber tapes market, analysing historical demand from 2016-2021 and forecast statistics for 2022-2032.

The study reveals growth projections on the rubber tapes market based on product type (EPR rubber tapes, PIB rubber tapes, butyl rubber tapes), application (repairing & protecting, insulation & joining, waterproofing, sealing), end-use industry (automotive, building & construction, electrical & electronics, aerospace & defence, general industries) across seven regions.

Competitive Landscape

Leading players operating in the global rubber tapes market focusing upon increasing their production capacity to keep up with the growing demand from various end-use sectors. In addition to this, they are investing in research and development to improve their product portfolios. For instance:

In January 2022, tesa SE announced its plan to start a new plant in Haiphong, Vietnam, with a production capacity of 40 million square meters of adhesive tapes per year.

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Table of Content

Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

To Continue TOC…

Global Rubber Tapes Market By Category

By Product Type :

Ethylene Polypropylene Rubber (EPR) Rubber Tapes
Polyisobutylene (PIB) Rubber Tapes
Butyl Rubber Tapes

By Thickness :

Up to 0.3 mm
0.4 mm to 0.6 mm
0.7 mm to 0.9 mm

By Application :

Repairing & Protecting
Insulation & Joining
Waterproofing
Sealing
Others

By End-use Industry :

Automotive
Building & Construction
Electrical & Electronics
Aerospace & Defence
General Industries
Others

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Punnet Market Trends, Growth, Future Demand, Analysis and Forecast by 2032

According to a market study by Future Market Insights (FMI), the demand for plastic punnets increased among end users with growing consumption of packaged fresh food. However, due to growing environmental concern, manufacturers and end users are adopting sustainable packaging formats to preserve nature and ensure maximum product shelf life.

To capitalize on this existing trend, some of the manufacturers are developing PCR material based punnets and are also developing alternatives to plastic punnets such as cardboard, paper and molded fiber punnets.

For instance, leading manufacturer, Smurfit Kappa Group identified that globally around 95% of all plastic packaging is used for single time and then converted into waste by discarding all of them.

This increased the litter and ultimately landfills. Hence, demand for paper based punnets is expected to increase as they are completely recyclable and reduce the plastic waste.

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Meanwhile, Westpack Group Ltd. recently launched cardboard based punnets which are heat sealed. This innovation will minimize long-standing dependency of grocery manufacturers on plastic punnets for commercial heat sealing process. The company is offering set of commercially viable paper based alternative to plastic punnets.

As these paper or cardboard punnets are also good in absorbing moisture, FMI anticipates that they will witness astonishing growth, accelerating the demand in the global punnet market over the coming decade.

Key Takeaways from Punnet Market
The plastic punnet segment is estimated to create an incremental opportunity of US$ 529.4 Mn during the forecast period.

The fresh food produce segment will witness robust growth at a CAGR of 6.5% in the forecast period.

North America punnet market is to anticipated to hold nearly 25% of the global market share during the forecast period.

South and East Asia are anticipated to be the most attractive region for the punnet market during the forecast period.

China and the U.S are expected to dominate the East Asia and North America punnet market, respectively.

“Adoption of sustainable material with ~100% recyclability which can increase the shelf life of fresh produce with attractive print on the punnet is increasing. This is expected to create lucrative growth avenues in the market over the coming decade” –FMI Analyst

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Need to Increase Shelf Life of Fresh Produce to Accelerate Demand for Punnet Packaging
The punnet market is poised to expand with rising demand for products with longer shelf lives. It takes time for packaged food to reach consumers across the globe after it is packaged. As a result, the packaged food may not be fresh, and its aroma and taste may be lost before it reaches the consumer. Hence, to keep the packaged food and fruits more fresh, adoption of punnets is increasing.

Further, packaging industries are investing in technologies and various new packaging techniques, such as intelligent packaging to increase the shelf life of the product. Punnet packages’ enhances the shelf life of fresh goods for longer period of time. This is creating growth opportunities for punnet manufacturers.

Punnet Market Landscape
Leading players operating in the global punnet market include Smurfit Kappa Group Plc, LC Packaging International BV, Coveries Holding SA, T&B Containers Ltd, Tacca Industries Pty. Ltd., Raptis Pax Pty. Ltd., INFIA srl, Quinn Packaging Ltd., Groupe Guillin SA, Paccor Netherlands BV, Leeways Packaging Services Ltd., AVI Global Plast Private Limited, Royal Interpack Group, Alta Global Inc. and Ilip S.r.l.

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Punnet Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for punnet market by material type (paper, plastic, molded fiber punnets), by capacity (Up to 150 gm, 151-330 gm, 301-500 gm, above 500 gm), by application (fruits and vegetables, meat poultry and seafood, frozen food, Ready-to-Eat), by end use (retail outlets, hotels, restaurants and cafes, household).

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Syringes Market : Value Chain, Stakeholder Analysis and Trends by 2032

According to Future Market Insights (FMI), the global syringes market is expected to surpass a valuation of US$ 49.2 Bn by the end of 2032. Availability of syringes in different capacities such as small volume syringe, medium volume syringe, and large volume syringe is propelling the demand in the market. These syringes are used by various end users such as hospitals, research laboratories, drug manufacturing, and clinical research. It is the best suitable solution for injecting or withdrawing the fluid from the body. With growing demand for disposable syringes and reusable syringes, demand in the market is expected to propel.

Furthermore, disposable syringes are preferred by healthcare professional due to the increasing awareness about the diseases caused by the usage of the same or repeated syringe. Hence, the rising intake of disposable vaccines along with the development of new vaccines is driving the demand for syringes across the globe.

Future Market Insights forecasts that there are various opportunities for syringe manufacturers due to the rise in usage of the syringe in the healthcare sector

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Key Takeaways

The plastic syringe segment is anticipated to expand at a CAGR of 10.1% during the forecast period due to the increasing use of disposable syringe.
By product type, the disposable syringe segment is anticipated to remain the leading segment, accounting for over 88% of the market share and creating an incremental opportunity of US$ ~25.3 Bn.
Based on end use, the hospital segment followed by the clinical research segment is projected to account for significant share.
Sales of syringes in hospitals and clinical research will surpass US$ 23.7 Bn during 2022-2032.
North America, Europe, and East Asia are showcasing highest demand for syringes. These segments are projected to hold approximately a 2/3rd of the market by the end of 2032.

“Need for disposable solutions in hospitals to withdraw and inject fluid or drug is propelling the demand for plastic disposable syringes. To capitalize on this, innovation in syringes is on card. This is expected to create opportunities for companies operating in the market,” says an FMI analyst.

Syringes Market by Category

By Material:

Glass Syringes
Plastic Syringes

By Syringe Type:

Disposable Syringes
Reusable Syringes

By Capacity:

Small Volume Syringes (1-10 ml)
Medium Volume Syringes (11-20 ml)
Large Volume Syringes (Above 20ml)

By End Use:

Hospitals
Research laboratories
Drug Manufacturing
Clinical Research

Expansion of Healthcare & Medical Sector to Generate High Demand for Syringes

The healthcare & medical sector across the globe is expanding due to the spread of various viruses & diseases. Besides this, the people are getting more health-conscious which is resulting in more usage of healthcare facilities and services.

The expansion of healthcare and medical sector is expected to propel the demand for syringes. Also, the small scale healthcare facilities are emerging to cater for the growing number of patients which is creating incremental growth opportunities for the syringe market.

Besides this, the government in several countries is also focusing on expanding the healthcare facilities to improve the treatment of patients, thereby, augmenting the sales of syringes. Additionally, development of new drugs across the globe will bolster the demand in the syringe market.

Rise in Blood Collection Center Creating Growth Opportunity for the Syringes Market

The blood collection centers use a syringe to withdraw blood samples from the patient’s body to examine the spread or impact of caused virus or disease. The spread of the COVID-19 virus resulted in high demand for a blood collection center to examine the spread of the virus on the lungs blood is been collected. This rise in the demand for blood collection centers creating growth opportunity for the syringe market.

The increase in blood collection centers is anticipated to create market growth opportunities for the syringe during the forecast period.

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Impact of COVID-19 on Syringes Market

The global syringes market experienced a positive impact of COVID-19 due to the rise in production and consumption of vaccines to curb the spread of the virus which bolster the sales of the syringe across the globe. The COVID-19 vaccine getting compulsory for the population to supplement the sales of the syringe. Also, the massive vaccination drives push the demand for the syringe. The development of a new vaccine for the COVID-19 virus creates a growth opportunity for the syringes market.

Moreover, government decision of the first dose then the second dose, and the booster dose is fuelling the demand for the syringe. The key players operating in the syringe market are focusing on increasing their production capacity to meet the increasing demand for the syringe. The government also offered subsidies and support for the production of the syringe to avoid the shortage of the syringe. Thus, the COVID-19 bolster the sales of syringe across the globe.

Syringes Market Landscape

Becton, Dickinson and Company, Gerresheimer AG, Braun Medical Inc., Schott AG, and DWK Life Sciences are the top players operating in the syringe market. Furthermore, Cardinal Health Inc., Hindustan Syringes & Medical Devices Ltd., and CHEMI S.P.A. are also noticeable players in the market. The Tier 1 players in the market hold 10-15% in the global syringe market.

Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

TOC Continue…

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Paper Masking Tapes Market – Future Scenario, Key Insights, Top Companies 2031

Paper masking tapes developed to sustain high temperatures over longer duration prove effective across high performance applications. This will remain a chief driver of the paper masking tapes market, enabling growth at 5.4% CAGR based on value between 2021 and 2031
Future Market Insights (FMI) has predicted the global market value to total US$ 3.2 Bn by the end of 2031. Increasing demand for high temperature resistance paper masking tapes from customers is encouraging manufacturers to design advanced masking tapes.
Surging adoption of advanced foam paper masking tapes in various industries is driving the global market. Paper masking tapes have the ability to withstand high temperature and are specially designed for application in the automotive industry.

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Paper Masking Tapes Market Landscape
• 3M Company,
• Shurtape Technologies LLC,
• Tesa SE,
• Saint-Gobain Tape Solutions Europe,
• Nitto Belgium NV,
• Advance Tapes International Ltd.,
• PPM Industries S.p.A,
• Vibac Group S.p.a,
• Intertape Polymer Group Inc.,
• Berry Global, Inc.,
• Beorol d.o.o,
• Folsen Tapes,

Paper masking tape manufacturers have been consistently innovating in terms of product development to solve industry specific issues related to high temperature applications such as bleed through due to low initial tack, ineffectiveness and inconvenience in painting contours and irregular surfaces. Their efforts are expected to bode well for the market.

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Key Takeaways from Paper Masking Tapes
• The crepe masking tape segment is estimated to represent a dominant market share. It is estimated to create an incremental opportunity of US$ 846.3 Mn during the forecast period.
• Demand in automotive aftermarket is expected to accelerate with a CAGR of 6.1%.
• Rubber-based adhesive segment is expected to account for more than 36% of sales in the market through the forecast period.
• The South Asia paper masking tapes market is projected to register a CAGR of 7.6% during the forecast period.
“Adoption of sustainable and high tensile paper masking tapes that can withstand extreme temperatures and can provide barrier against moisture is expected to increase over the next decade,” said a lead FMI analyst.

Automotive Sector is the Key Driver of Paper Masking Tapes Market
To meet the demand for customers for such a wide range of indoor painting jobs, and tape, manufacturers have developed a multifaceted assortment. The convenient use and affordable pricing of masking tapes with availability of single-sided and double-sided masking tapes is driving the market.
Leading automotive manufacturers and suppliers rely on various adhesive solutions for numerous applications. These include wire harnessing, surface protection, and attachment part mounting. This is creating a demand for masking tapes from the automobile industry.

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Paper Masking Tapes Market By Category
By Tape Type:
• Crepe Masking Tape
• Washi Masking Tape
• Flatback Paper Masking Tape
• Kraft Paper Making Tape

By Distribution Channel:
• Distribution Professional
• Aftermarket Sales
• DIY Distribution

By Adhesive Type:
• Rubber-based Adhesive
• Acrylic- based Adhesive
• Silicon-based Adhesive
• Hot Melt Adhesives
By Application:
• Painting
• Plating
• Abrasive Blasting
• High Temperature Application
• Thermal Spraying
• General Use

By End Use:
• Automotive
• Building and Construction
• Aerospace
• General Industries
• Others

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According To FMI, Market For Sulphur Recovery Technology Is Expected To Surpass US$ 2.7 Billion By 2031

Newly released data by Future Market Insights (FMI), projects that the sulphur recovery technology market will reach a valuation of US$ 1.2 Bn by 2021 and is expected to grow at a compound annual growth rate (CAGR) of 11% from 2021 – to 2031. The increasing production of shale gas will accelerate the growth with top market players holding 2/5th of sulphur recovery technology market share in 2021.

Growth predictions remain positive for Europe due to increasing government expenditure on the oil and gas industry and the presence of leading market players in the U.K. and Germany. Spurred by this, the Europe sulphur recovery technology market is projected to grow at about 12% CAGR during the forecast period.

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Increasing emphasis on regulations for reducing levels of sulphur in products and lower sulphur emissions has boosted demand for the deployment of sulphur recovery technology units.

The growing numbers of refinery projects across the world are anticipated to create vast opportunities for sulphur recovery technology manufacturers, as the installation of their units in these plants will lead to significant profits.

Furthermore, increasing expansion projects across the world are expected to be a major factor contributing to sales of global sulphur recovery technology.

According to the recent research report published by Future Market Insights, the sulphur recovery technology market is expected to exhibit an impressive CAGR of 11% during the forecast period of 2021-2031.

Key Takeaways of Sulphur Recovery Technology Market Study

Increasing exploration and production activities, especially those associated with shale gas, led to high demand for sulphur recovery technology units from refineries. Production of recovered sulphur from gas refining activities is increasing significantly, attributable to the rise of major gas refining activities across the globe.

In terms of plant capacity, there is a rising demand for sulphur recovery technology units with a capacity of less than 100 t/d, owing to lower emission footprint, ease of upgradation, and relative cost-effectiveness as compared to other units.

Stringent environmental regulations regarding the emission of hydrogen sulfide mainly released during oil & gas extraction, treatment, transportation, and refining are boosting the demand for the development of cost-effective desulphurization technologies. For instance, environmental legislation of the EU (European Union) sets the standards for oil & gas refineries industries in Europe.

The oil and gas production in prevailing refineries is expected to have a greater impact on the growth and development of the global sulphur recovery technology market in comparison to new refinery bases.

In terms of value and volume, Europe and the MEA are identified as dominant regions throughout the forecast period. The increasing number of refineries projects in countries in Europe and MEA such as Saudi Arabia, Kazakhstan, and Russia, are expected to supplement the demand for sulphur recovery technology. These countries also have oil reserves, which in turn support the demand for sulphur recovery technology.

“APAC is one of the majorly profitable markets for players offering sulphur recovery technology, attributable to the establishment of new refineries to cater to the growing demand for new gas refining units in the region,” says an FMI analyst.

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Sulphur Recovery Technology Market: Competitive Landscape

The global sulphur recovery technology market has remained competitive with the presence of giant players having expertise in advanced manufacturing technologies, and product offerings for diverse applications.

However, leading players account for nearly 2/5^th of the global sulphur recovery technology market share. These players include Royal Dutch Shell plc, Exxon Mobil Corporation, Bechtel Corporation, Fluor Corporation, and Linde AG & Technip FMC plc.

Such key players are adopting strategies such as expansion, acquisitions, and product launches, and are creating challenges for small-scale players.

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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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According to FMI, Global Mini Crane Market is Anticipated To Expand at a CAGR of 6.0 percent by 2031

Mini cranes are used to lift materials in plants and factories where larger cranes are not permitted. Mini cranes are thought to be ideal for transporting materials during the construction of a home. It is their specialty to navigate courtyards and easily access cliff edges, which larger cranes cannot do.

According to a study conducted by future Market Insights, the global mini crane market is expected to grow at a CAGR of 6.0 percent from 2021 to 2031. The mini crane market will be strained by rising demand for small cranes in industries such as metals, oil and gas, automobiles, and construction. Glass-glazing sports will have more opportunities.

Spider cranes will be among the most commonly purchased mini cranes. Because of its short length and excellent manoeuvrability, their software is expected to thrive in a variety of industries. The creation quarter is expected to continue to be a major quit user. This quarter will provide nearly 65 percent of mini cranes in 2021.

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Mini crane applications have considerably increased in the past few years, and so has their production across the globe. Although mini cranes are niche products, a substantial increase in demand is expected as a result of their ability to perform well in confined spaces and compact areas.

While demand from various industries will continue rising, maximum users are likely to prefer rented mini cranes to directly owned ones. This is seen as an ideal solution for cost-saving while getting the job done. With the expansion of industries forecast to continue, despite hitting a roadblock amid the pandemic outbreaks, sales of mini cranes are expected to surge shortly.

Key Takeaways from Global Mini Crane Market Study

Mini cranes sales will continue rising, enabling the market to reach a valuation of US$ 408.1 Mn in 2021
Government stimulus towards construction activities is presenting growth opportunities in the U.S., which will account for over 68% of sales in North America
Recovering industrial activities is favoring sales in the U.K., which will account for over one-fourth of sales in Europe
Germany and France will emerge as other key markets for sale within Europe
The presence of some of the leading companies will seal Japan’s dominance in East Asia

“Companies operating in the market are introducing advanced technologies to keep pace with evolving industries. The implementation of connected technologies is one such example that facilitated remote access and monitoring. These developments are anticipated to create lucrative opportunities for growth in the future.” says an FMI Analyst.

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Mini-crane sales are expected to increase due to increased demand from various end-use sectors. Japan, the United Kingdom, and the United States are expected to remain among the most profitable markets in the world. Demand is expected to increase in the coming years as applications in disaster management and electrical material handling expand.

However, due to the pandemic impact in the year 2020, the mini crane market saw a significant drop in sales due to supply chain disruption and a decrease in demand. Nonetheless, as industrial activity gradually recovers, mini crane sales will rise in response.

Who is Winning?

The global mini crane market has been identified as a consolidated market, with top players occupying the majority of the overall share. Some of the key market participants which are included in the report are Manitex Valla S.r.l., Hoeflon International B.V, Skyjack( Linamar), Microcranes, Inc., R&B Engineering, Promax Access, Jekko s.r.l, MAEDA SEISHAKUSHO CO., LTD, BG Lift, Furukawa UNIC Corporation.

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According To A Report By Future Market Insights, Inc., Switchgear Market Will Experience The Highest CAGR Of 6.9% From 2017 To 2031

Global Switchgear sales are set to be valued at US$ 72.44 Bn in 2021 and is expected to have a stable long-term projection, according to latest insights from Future Market Insights (FMI). An ESOMAR-certified research and consulting firm. The report has forecast the global switchgear market to grow at nearly 6.9 % CAGR during 2021-2031.

The report offers analysis of growth trajectory exhibited by the market in 20+ high-growth countries. It offers detailed insights on into factors that will be driving growth over the coming decade.

The demand for switchgear was moderate in the 2020 however with it had to experience a brief period of lackluster growth on account of the unprecedented COVID-19 outbreak. Supply chain disruptions witnessed by end-use sectors such as T&D utilities, commercial, industrial and residential had restrained growth to an extent. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive.

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As T&D utilities sector estimated to witness healthy growth rate in the forecast period. According to the report, T&D utilities are expected account for nearly 46% of switchgears sold in 2021. Besides this, the demand is expected to surge in commercial, industrial, and residential sectors enabling growth in the market.

Key Takeaways

After a period of negative growth, the market will show impressive improvement, registering above 6% y-o-y growth in 2021
The U.S. is expected to account for over 60% of sales in North America
After a period of negative growth, the U.K. will exhibit above 6% y-o-y growth in 2021, emerging as a strong market for switchgears
Expansion of the energy and utilities sector will enable growth in Germany and France
Government initiatives are expected to support growth in Japan and South Korea

“Increase in demand for advancement in the switchgear and advent of smart grid are expected to give impetus to switchgears. The use of the voltage fluctuator is very common in the heavy as well commercial sectors. It is used in the transmission and distribution of energy to consumer and for running machineries. The need of the energy is increasing day by day, which has been aiding the overall expansion of the switchgear market.” says FMI analyst.

Switchgear market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate on research and development activities and capitalize on opportunities especially in the field of T&D Utilities. Their key focus will however remain meeting requirements of consumers. Collaboration with local players and developing new technology in the form of smart grid and advanced switchgear are key strategies adopted by the market players.

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Competitive Landscape

The market is fragmented, with key players accounting for approximately one fifth of the market share. These companies are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares. Some of the key players in the market are ABB Ltd., Siemens AG, Schniender Electric, Havells India Pvt. Ltd., Hyundai Electric and Energy System, Fuji Electric, Powell Industries, etc.

Switchgear Market By Category

By Component Type

Power Distributor Switch Breaker
Switch Disconnector
MCCB
HRC Fuse
Earth Switch
MCB

By Voltage Type

Low Voltage (less than 1kV)
Medium Voltage (1kV to 75kV)
High Voltage (75kV to 230kV)
Extra High Voltage (230kV to 500kV)
Ultra-High Voltage (above 500kV)

By Construction Type

Outdoor
Indoor
Others

By Insulation Type

Air Insulated Switchgear
Gas Insulated Switchgear
Oil Insulated Switchgear
Vacuum Insulated Switchgear

By End User

T&D Utilities
Commercial
Industrial
Residential

By Region

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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According To FMI, Market For Steel Pipes In America Is Anticipated To Grow At A Moderate 3.3% CAGR Between 2020 And 2030

The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in niche end use sectors such as mining and automotive production. The Americas steel pipes market is projected to rise at a moderate 3.3% CAGR between 2020 and 2030. However, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, as well as high production and installation costs for steel fixtures.

Despite the challenges posed by the coronavirus pandemic, demand for steel pipes in the Americas has continued to rise through 2020. Rising public and private sector investments in the energy, oil and gas, and construction sectors are helping to propel the industry forward. According to a new report by Future Market Insights, the sector is expected to grow steadily between 2020 and 2030.

Analysts from FMI have indicated the oil & gas sector applications are projected to be the primary revenue source, especially with the discovery of unconventional sources and processes such as shale and fracking.

In 2019, the market for steel pipes in the Americas was valued at $20.5 billion USD. Between 2020 and 2030, the sector is expected to grow at a moderate 3.3 percent CAGR.

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The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:

The Americas steel pipes market was valued at 20.5 billion in 2019, driven largely by the demand from civil infrastructure and the oil & gas sector of the region.
Carbon steel pipe products are major contributors to market revenue, with advantages in easier access and chemical and shock resistance over other steel pipe variants.
Industrial applications, particularly in the oil & gas sectors are generating greater demand than that of construction and mining sectors through 2030.
The United States will remain a major market for steel pipes in the Americas, aided by a vast economy, characterized by steady growth in the past few years. Brazil is likely to reflect relatively positive prospects on the back of changes in government policy.

“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With a number of upcoming projects in the United States and Canada demand for steel pipes in the region is expected to surge in the near future,” said a lead analyst at FMI.

Covid-19 Impact on Americas Steel Pipes Market

The coronavirus pandemic has been projected to be moderately impact the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are anticipated to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.

End use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations are estimated limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, in addition to widespread layoffs.

The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.

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Key Segments

Material type:

Carbon Steel
Alloy Steel
Stainless Steel

End Use:

Construction
- Residential & Commercial
- Civic Infrastructure
Mining
Municipal Water Supply and Treatment Utilities
Industrial
- Automotive
- Chemicals & Petrochemicals
- Oil & Gas Pipelines
- Power Generation
- Others (textile, pharmaceuticals)

Design:

Seamless
Welded
- SAW
- ERW

Country:

Brazil
Argentina
Mexico
Canada
U.S.

Who is Winning?

In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.

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Some of the leading players in the industry include Arcelor Mittal, Tenaris, Gerdau S/A, American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation among others.

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