According To FMI, Market For Hydrogen Electrolyzers Is Expected To Grow At A CAGR Of More Than 10%.

The market for hydrogen electrolyzers was worth $350.6 million USD in 2021. Sales are anticipated to increase at a CAGR of 24.2% during the forecast period, reaching US$ 3.7 billion by 2032.

The market is anticipated to profit from the rising popularity of hydrogen energy over the course of the forecast period. The use of hydrogen electrolyzers is anticipated to increase steadily in the upcoming years as a result of the implementation of strict government regulations designed to protect the environment by reducing pollution.

In terms of revenue, Europe is expected to dominate the hydrogen electrolyzer market in 2022 and to grow at a rapid pace throughout the forecast period. Due to the increasing use of hydrogen electrolyzer in the metal creation, automotive, biotechnology, energy, and hardware manufacturing industries, Germany is expected to hold the largest share of the European market.

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With costs of renewables substantially dropping, making them more competitive with conventional fuels, their use as feedstock for hydrogen electrolysis will boost market growth subsequently.

Research for hydrogen fuel cell technology, H-CNG and mobility solutions will play a vital role in the market dynamics of hydrogen electrolyzers. With the growing popularity of fuel cell technology in automotive, notably electric mobility, demand for on-site hydrogen production will proliferate.

“The rising availability of CAPEX subsidies, tax rebates and low electricity costs will strongly intensify the adoption of hydrogen electrolyzers. In addition, hydrogen electrolyzers will provide the missing link between hydrogen and green electricity across various countries as it strives to achieve a de-carbonized environment” says FMI analyst.

Key Takeaways for Hydrogen Electrolyzer Market Study

  • PEM electrolyzers are expected to witness a higher demand growth vis-à-vis other electrolyzer variants on back of high purity output and economical features with regards to operations
  • Countries in Western Europe and Asia Pacific are key to the growth of hydrogen electrolyzer market, on account of their high growth potential & considerable market size
  • Accelerated demand for high purity of hydrogen is boosting the uptake of hydrogen electrolyzer over competitive technologies such as SMR

Despite Prevailing Uncertainties, Experts Eying Green Hydrogen Post Pandemic

The global COVID-19 pandemic has put manufacturing, supply and demand of hydrogen electrolyzer on hold. In the second quarter of 2020, countries such as Italy experienced a 20% reduction in demand for power thus impacting the hydrogen electrolyzer market.

Economies around the world are utilizing this time to invest in green hydrogen to kick start growth. Countries such as Portugal, Netherlands and Australia are already investing rigorously in this technology. This is in alignment with EU’s green deal plan to decarbonize and bring emissions down to zero by 2050.

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Hydrogen Electrolyzer Market: Competitive Landscape

The global market players are striving to drive their market revenue at more than 20% on a yearly basis. This is being done by bringing down investment costs through joint collaboration.

For instance, ITM Power and Linde have collaborated to open up a factory at Sheffield, UK to enhance their electrolysis capacity per year by at least 1GW.

Similarly, NEL and Hydrogenics are gearing up for projects that aim to produce 20MW of hydrogen at Denmark and Canada respectively. By scaling up the size of the plants, manufacturers are looking at reducing their overall costs in the production of hydrogen.

Hydrogen Electrolyzer Market Outlook by Category

By Product Type:

  • Proton Exchange Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Capacity:

  • Low (<= 150 kW)
  • Medium (150kW–1mW)
    • 150-400 kW
    • 400-750kW
    • 750-1mW
  • High (> 1mW)
    • 1 – 10 mW
    • 10 – 20 mW
    • Above 20 mW

By Outlet Pressure:

  • Low (<= 10 Bar)
  • Medium (150 Bar–40 Bar)
  • High (> 40 Bar)

By End Use:

  • Ammonia
  • Methanol
  • Refining/ Hydrocarbon
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production & Fabrication
  • Pharma & Biotech
  • Food & Beverages
  • Glass Industry
  • Other Industrial

By Region:

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

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Find More Valuable Insights on Hydrogen Electrolyzer Market:

FMI in its new market research study, offers an unbiased analysis of the hydrogen electrolyzer market which comprises global industry analysis for 2015–2019 and opportunity assessment for the 2020–2030. The report offers complete analysis on global hydrogen electrolyzer market through four different categories – product type, capacity, outer pressure, end user and region. The global hydrogen electrolyzer market study provides information of pricing by different application analysis, product life cycle, capacity assessment, key market trends and technologies which are being implemented in the deployment or installation of the hydrogen electrolyzer and product adoption in varied end use industries.

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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Agriculture Nets Market Expected to Reach CAGR of 5% by the end of 2030

The worldwide agriculture net market will exceed US$1.0 Bn in 2020 and is expected to grow at a CAGR of 5% between 2020 and 2030. There has been a remarkable movement toward increasing crop yield in order to reduce reliance on imports, which has increased demand for farm nets. These nets are widely used in both commercial and sustainable farming, acting as a support system to guarantee optimum crop growth.

Attacks by locusts, unpredictable weather patterns marked by strong hail and rain, heat, and UV light penetration have greatly increased demand for agricultural nets in recent years. These nets, which come in different grades, limit the passage of heat and UV rays, maintaining the greenhouse’s temperature at an ideal level for plant growth.

Due to urban inhabitants’ serious interest in gardening as a lucrative hobby, the global agriculture market is likewise booming. Agriculture nets or shade nets are in high demand due to a trend toward creating urban jungles and sustainable living with kitchen gardens.

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The most imminent reason for burgeoning sales of agriculture nets is that it ensures reduced UV penetration, thus keeping the yield away from overexposure and damage. Today, vendors are also investing in designing agriculture nets that enhance photosynthesis, thus helping the end users create a healthy ecosystem for the plants.

Key Takeaway from Agriculture Net Market Study

  • Plastic to emerge as the leading material used in the production of agriculture nets during the forecast period
  • Farming to remain principal activity that uses agriculture net, occupying a dominant share in the global market
  • Rise of construction activities to raise demand for agriculture net for effecting coverings to prevent exposing unfinished buildings to excessive moisture
  • South Asia to see stiff competition in the agriculture net market due to influx of local players and presence of established ones

Community-driven Initiatives for Vermicomposting Creates New Growth Avenue

Growing number of urban communities are showing an inclination towards vermicomposting, which is a delicate task has led to a steady rise in the demand for agriculture nets. These nets act as perfect dividers for making pits and can be used as canopies to create shade.

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The delicate balance of light and shade that needs to be maintained for correct moisture levels in building healthy vermi compost pits is projected to drive market growth. Growing number of kitchen gardens and increasing demand for better waste management have introduced vermi compost as an effective solution. Analysts project that as these trends continue, they will continue to raise the usage of agriculture nets in the coming years.

Impact of COVID-19 on Global Agriculture Nets Market

The COVID-19 pandemic has had a moderate impact on the global agriculture net market. While the demand for these nets plummeted in the construction industry, it was offset by the demand in the agriculture sector. The lockdowns and disrupted supply chains indicated that self-reliance with agriculture will be of paramount importance to avoid dependency on other nations for imports.

COVID-19, which led to severe lockdowns, also fuelled many to work on hobbies, creating a demand for shade nets for gardening. The sudden rise in number of enthusiasts building terrace gardens are expected to favour market growth in the coming years. Furthermore, as the pandemic situation normalizes, farmers will invest in agriculture nets to boost production.

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Key Segment

Type

  • Shading Nets
  • Anti-hail
  • Anti-insects
  • Windbreak
  • Others

Form

  • Woven
  • Non-woven Form

Application

  • Farming Area
  • Animal Husbandry
  • Horticulture and Floriculture
  • Aquaculture
  • Others

End Use

  • Industrial Agriculture
  • Sustainable Agriculture

Price Range

  • Economic
  • Mid-range
  • Premium

Material Type

  • Metal
  • Plastic
  • Rubber
  • Others

Sales Channel

  • Hypermarkets/Supermarkets
  • Specialty Stores
  • Departmental Stores
  • Independent Stores
  • Hardware Stores
  • Farm Equipment Stores
  • Other Sales Channel

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • MEA

About FMI:

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

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Market For Noise Control Systems Will Expand At A Rate That Is Greater Than 3.7% Annually: FMI

Noise Control System Market: North America vs. APEJ for First Place in Revenue Share: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027 

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Noise Control System Market

  • Growing awareness of harmful levels of industrial noise
  • Increasing emphasis on protecting workers and employees from noise pollution
  • Stringent environment regulation related to industrial noise control
  • Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in the design and development of industrial noise control units to align with the ongoing sustainability trend.

Polymer & Composites Remain Preferred Materials

The FMI study finds that polymer and composites are highly preferred materials for the manufacturing of industrial noise control units. Polymers and composite materials have higher soundproofing properties as compared to other materials such as glass, metal and fabric. In addition, recent developments in composite materials provide biodegradability and recyclability, leading to higher sales.

Vibration Isolation Units Highly Sought-After

The FMI study finds that over 8 in 10 industrial noise control units sold by 2020 were equipped with vibration isolation units. As vibrations can significantly affect the overall productivity and durability of a range of industrial machines, industrial noise control with vibration isolation units is highly sought after.

FMI thoroughly analysed demand trends of different vibration isolation units, such as isolation/machinery pads, isolation mounts, equipment bases and spring isolators. Among these, sales of isolation mounts were higher in 2020 and the demand trend will continue in the future as manufacturers consistently introduce advanced and more efficient vibration isolation mounts.

The industrial noise control market is also studied for flexible and rigid industrial noise control instruments by FMI. While both these noise control units significantly address noise pollution issues, the FMI study finds that flexible noise control units accounted for the second-highest sales during the forecast period.

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Industrial Noise Control Utilisation in Internal Application Prominent

The FMI study estimates that demand for industrial noise control units for internal noise control applications remained higher than compared to the application in external noise control. Elevated sound levels at workplaces and other commercial or residential places can cause negative human health conditions such as hearing impairment, annoyance, sleep disturbance, hypertension and, in some cases, ischemic heart disease. Dissemination of knowledge regarding these harmful effects is contributing to increasing sales of industrial noise control units in the internal noise control application.

Growing awareness of environmental noise as a potential health concern, industrial measures are taken to address the impact of external noise sources. FMI shows that adoption of industrial noise control for external noise control application will grow at a CAGR of over 3.9%.

Demand for Industrial Noise Control Units Consolidates in Manufacturing Sector

According to the FMI study, the manufacturing sector remains a prominent end-user of industrial noise control units. Different manufacturing industry verticals such as electrical & electronics, industrial machinery, automotive, metal and others significantly integrate industrial noise control measures.

Keeping the noise within the OSHA levels in the different manufacturing sectors is pivotal in ensuring the health and wellness of employees.

Demand in East Asia Continues to Surge, Europe Represents Second Largest Market

As per FMI valuation, countries in East Asia including China, Japan and South Korea registered significant demand for industrial noise control units in 2020. In terms of sales volume, Europe followed East Asia collectively.

China in East Asia remains the leading consumer of industrial noise control. A prominent manufacturing sector in the country contributes to the significant demand for industrial noise control. In Europe, Germany followed by France and the UK accounted for a considerable bulk of regional demand in 2020.

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While the growth prospects seem steady for the industrial noise control market, the development of advanced industrial machinery integrated with noise-cancelling technologies and sound or vibration absorbers can impede the market growth in the future.

The FMI report tracks the industrial noise control market for the period 2021-2031. According to the report, the industrial noise control market is projected to grow at a 3.9% volume CAGR through 2031.

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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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Through 2031, Market For Pneumatic Actuators Is Anticipated To Grow At A 5% CAGR

The market for pneumatic actuators is projected to grow at a CAGR of more than 5% through 2031. The need for pneumatic actuators has recently increased dramatically as a result of more applications in numerous industries, including offshore, transportation, and industrial automation, to name a few. Pneumatic actuator market growth was temporarily slowed by the COVID-19 outbreak at the start of 2020, but it is anticipated to pick up steam in the years to come due to the steady recovery of the market’s primary application sectors.

The recently revised edition of Future Market Insights (FMI) report on the ‘pneumatic actuator’ market study provides a thorough analysis of the global pneumatic actuator market potential, growth, and restraining factors while emphasising new trends in leading regions such as North America, Europe, and the Asia Pacific during the forecast period of 2021 to 2031.

According to the analysis, the United States, Germany, India, China, and a few other nations will become profitable, while more than 20 countries will retain a good market outlook during the projected period.

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How does Future Outlook on Pneumatic Actuator Market Compare with Historical Sales?
Sales of pneumatic actuators increased steadily over the past decade with the increase in demand for rack & pinion and scotch yoke type of pneumatic actuators. Advancements in the manufacturing sector and expansion of key application sectors such as mining, transportation, and others further propelled the growth, apart from a temporary decline in 2020.

According to FMI, the global pneumatic actuator market expanded at over 4% CAGR during the last 5 years from 2016 to 2020.

As the key application sectors are regaining traction and are getting over the effect of the pandemic, the demand for pneumatic actuators is subject to rising again creating ample opportunities for the key players.

Additionally, the surge in demand for double-acting type pneumatic actuators is further bolstering the growth of suppliers. According to FMI, the global pneumatic actuator market is set to ascend at over 5% CAGR through 2031.

How is the Rise in Demand in Transportation Sector Augmenting the Growth of Pneumatic Actuator Suppliers?
Pneumatic actuators are mechanical devices that use compressed air to convert energy into mechanical motion. As it has extensive application in the transportation sector, the recovery in this sector is expected further push the demand-supply graph for pneumatic actuators upward in the coming years.

According to a report, titled “Logistics & Transportation Industry” published by SelectUSA, the logistics & transportation industry is one of the highly progressive industries in the world. As stated in the report, the United States business logistics costs reached US$ 1.6 Trillion in 2018, representing 8% of the Gross Domestic Product (GDP) in that year, while the Foreign Direct Investment (FDI) in the industry totalled US$ 1.5 Billion. This gives a glimpse of the growing opportunities for pneumatic actuator manufacturers in the transportation sector.

Pneumatic Actuator Market Category-Wise Insights

Which Product Type is Dominating in the Pneumatic Actuator Industry?

Presently, the rack and pinion segment is leading in the global pneumatic actuator market and is expected to exhibit hegemony throughout the forecast period in terms of product type. This type of pneumatic actuator is highly preferred in the transportation sector as it provides with smooth driving experience by converting the rotational motion of the steering wheel into the linear motion needed to turn the wheels. Also, it provides the gear reduction which makes it easier to turn the wheels.

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It is extensively used in applications where an external force is not available to retract the piston or high force is required in both directions of travel.

Which Application Segment is Fuelling the Sales of Pneumatic Actuator?

Presently, the industrial automation segment is mostly fuelling the sales of pneumatic actuators in terms of application. Industrial automation is the use of various automated control systems such as robots, Artificial Intelligence, and others. With the technical and digital advancements, this sector is growing fast. This in turn is surging the demand for pneumatic actuators.

Other key segments in terms of application, which are augmenting the sales are transportation, mining offshore, and others.

Pneumatic Actuator Market Competitive Landscape

The global pneumatic actuators market is highly competitive and thriving on the revenues of the leading players. To capitalize on the new opportunities, key pneumatic actuator market players are launching quality products more frequently.

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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, Industrial Valves Market Is Anticipated To Grow At A Consistent CAGR Of 4.2 Percent Between 2022 And 2029.

In 2022, the market for industrial valves is anticipated to be worth approximately US$71.8 billion. The overall demand is anticipated to increase at a moderate CAGR of 4.3 percent between 2022 and 2029, totaling a valuation of US$ 96.2 Bn by 2029, as industrial valves are increasingly used to control the flow of materials.

A new market research report by Future Market Insights (FMI) suggests that the increased exploration activities for new water sources will predominantly favor the growth of the market over the course of the coming years.

The ongoing expansion of the chemical industry, as well as the revival of the oil and gas industry, are likely to play an important role in driving global sales of industrial valves. Furthermore, according to FMI’s report, there are numerous opportunities in the chemical and water & wastewater industries.

According to a material analysis of the industrial valves market, cast steel, carbon steel, and stainless steel continue to be the preferred materials among industrial valve manufacturers, accounting for 85% of revenue shares. According to the findings of the report, bronze is likely to become profitable as a material of choice in the coming years.

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With the onset of Industry 4.0 and the reciprocating shift of industries towards automation, the industrial valves landscape is compelled to move beyond its traditional, old-school valve engineering models. Although manually operated valves still account for almost 2/3rd of total sales, FMI foresees a rapidly progressing market scenario for automated valves in the next few years. 

By type, the gate type of industrial valves segment is expected to hold prominent value shares of the global industrial valves market. Furthermore, the globe valve segment is expected to be the prominent segment throughout the forecast period. Gate valves, closely trailed by globe and ball valves, are identified to remain the sought-after industrial valve types throughout the forecast period. Several manufacturers are however focusing on investments in global industrial valves. FMI’s research also highlights the visibly growing market attractiveness of butterfly valves across industries.

The analysis of the industrial valves market based on materials reveals that cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as indicated by report findings.

Market in APEJ Projected for Remunerative Growth

The market in the Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valve market over the forecast period of 2022-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries has been positively developing.

Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. Consequently, the region’s chemical has had considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across multiple industries, eventually pushing the market growth potential of APEJ.

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Industrial Valves Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

The global industrial valve market is significantly consolidated with some players holding prominent shares of the market. These players are offering industrial valves under their popular brands such as Cameron, and World Valves, among others.

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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 7-years.

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According To FMI, Pooling Pallets Will Drive Market Growth To $12.9 Billion By 2032.

In 2022, it is anticipated that the global pallet pooling market will be worth US$ 7.1 billion. By 2032, the market is expected to reach US$ 12.9 Bn, with sales expected to grow at a steady 6.1 percent CAGR.

Operators of warehouses prefer pallet pooling because it eliminates the need to repair, maintain, and sort individual pallets, saving time and resources. Additionally, warehouse managers can reduce the price of storing and transporting these items by assembling pallets of similar types. In the upcoming years, the market is anticipated to be driven by this.

Approximately 4% of the world market for material handling equipment is currently occupied by the pallet-pooling market. According to FMI, the market in North America will account for 35% of the overall market share during the forecast period.

Pallet pooling is the practice of renting or leasing pallets from a shared pool. This reduces the costs related to transportation and supply chain management. Owning and maintaining an inventory of pallets can be expensive for companies. Hence pallet pooling is a good cost reducing opportunity.

Wooden pallet pooling contributes to almost 90% of the global pallet pooling due to their cost efficiency over plastic pallets. However, demand for washable, hygienic and insect-free pallets are also driving demand for plastic pallets. Pooling pallets reduces the pressure of expenditure by eliminating huge payments of pallet procurement making it a cost efficient approach for sourcing pallets.

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Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the coming decade.

According to a new research report published by Future Market Insights (FMI), the pallet pooling market is estimated to exhibit 6% CAGR over the forecast period, to reach a valuation of more than US$ 11 Bn by the end of 2029.

Key Takeaways of Pallet Pooling Market Study

  1. Pallet pooling has prominent application in the FMCG sector, as warehouses play a crucial role in this industry.
  2. In terms of material, plastic pallet pooling is estimated to witness notable demand, owing to high reliability, durability, and cost-effectiveness of plastic pallets as compared to other types.
  3. Globally, the pallet pooling market in GCC countries is estimated to witness lucrative growth, owing to the positive outlook for industrial trade activities in the region, particularly for the e-Commerce industry. The U.S. is expected to hold a leading share in the global market, registering a significant CAGR throughout the forecast period.
  4. In recent years, pallets tagged with RFID have become more popular amongst end consumers, owing to their ability to provide location and detailed information related to stacked products on pallets.
  5. Pallet pooling is a onetime investment business, in which, the owner has to purchase pallets and then pooling can be done with no enormous investment. As a result, the market offers high profit margins to its participants.
  6. For the effective operational efficiency of pallets, pallet service providers perform quality checks after every service cycle to provide high-quality pallets and efficient service cycles to end consumers. Continuous and high standard quality checks of pallets are estimated to help players in the global pallet pooling market gain a competitive advantage.

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 “In the pallet pooling market, flexible payment profiles allow end consumers to pay rent monthly at fixed rental rates throughout the term of the agreement, and customisations can be made in rental agreement terms to suit the period of budget allocation and income patterns.”

Pallet Pooling Market: Competitive Landscape

The pallet pooling market is highly consolidated, owing to the presence of a limited number of pallet pooling service providers across the globe.

  • Brambles Limited,
  • Euro Pool Group,
  • Faber Halbertsma, and
  • Loscam

Are considered being leading players in the pallet pooling market. Most market players are focusing on expanding their sales footprint in developing markets such as South Asia and the Middle East through the establishment of additional regional offices and sales partners.

Focus on Technological Advancements in Pallet Pooling

Increasing requirement of technologically advanced pallet systems throughout the supply chain for lean management is anticipated to support the future growth of the global pallet pooling market.

Find More Insights on Pallet Pooling Market

This research report analyses the total sales value of the pallet pooling market based on revenue generated by market players from the target product. The market is forecasted based on factors such as warehouse traffic flow, adoption rate, government regulations, and sustainable development. The research report includes pallet management services catering to FMCG, food & beverages, chemicals & pharmaceuticals, and other related end-use industries.

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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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According To FMI, Market For Equipment For High Pressure Processing Will Surpass USD 430 Million

The market for high pressure processing equipment is expected to reach a value of more than USD 430 million by 2026, with a volume CAGR of 12.3% and a value CAGR of 13.7% during that time.

Due to the launch of new clean label products and growing consumer awareness of their benefits, it is anticipated that the market for high pressure processing equipment will expand during the forecast period.

One of the key inputs used to calculate the global market size is the adoption rate of HPP equipment for cold pasteurisation in the F&B sector. During the assessment period, it is predicted that the US$ 133.5 million market for HPP equipment will generate an additional US$ 350.5 million in opportunity.

In its latest report, Future Market Insights (FMI) has identified a few of the major trends governing the overall market for high pressure processing equipment (HPPE). In brief, rapid adoption of high pressure processing techniques among premium juice manufacturers, automation and technological innovation and a growing number of HPP tolling service providers are playing a major role in shaping the market trajectories currently.

According to the report, Hiperbaric S.A a prominent manufacturer of high pressure processing equipment is the current leader in the global market as the company’s hold over the North American region is substantially strong.

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FMI’s Insights on Growth Factors

  • FMI indicates that the growing demand for processed, packaged and ready-to-eat food products worldwide are encouraging the use of high pressure processing equipment in the food and beverage industry.
  • Growing health concerns and increasing awareness amongst consumers on health benefits from “clean label” food is projected to influence the market growth from 2016 to 2026.
  • Implementation of stringent regulatory norms about food safety, especially in North American and West European countries are compelling food processing companies to install efficient HPP equipment in processing plants.

Horizontal Vessels — Leading Arrangements Type Segment

Based on vessel arrangements type, the horizontal vessel is expected to be the predominant segment of the market in terms of value over 2026. Growing demand for horizontal vessel arrangements is expected to make a significant contribution to the overall market growth. Horizontal vessels possess easy loading and unloading operations with a high volume capacity, hence, have a higher preference in the market.

By applications, meat is the largest segment in the market both in terms of value and volume. Whereas, the juice & beverage segment is anticipated to witness the fastest growth in terms of value during the forecast period.

Based on capacity, demand for above 300 litres vessels or containers is expected to gain traction over the next couple of years. Despite their high cost, the above 300 litres vessel segment is projected to register a strong CAGR due to their high holding capacity.

Based on the regional analysis, the market in North America will continue to lead the pack during the forecast period. In 2016, the region accounted for over 40% share of the market followed by Europe. In addition, both the regions collectively accounted for nearly 75% share of the market in terms of value in 2016. Owing to the substantially high demand for HPP equipment from tolling services providers and their growing application base across various end-use industries, the HPP equipment market is flourishing in the region of North America. The Asia Pacific, particularly China is set to witness a robust adoption of HPP equipment in various industrial domains over the next few years.

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Competitive Dashboard

Apart from Hiperbaric S.A, Stansted Fluid Power Ltd, Multivac Group, Bao Tou KeFa High Pressure Technology Co., Ltd, Avure technologies, and Kobe Steel, Ltd., are some other key players operating in the global market for high pressure processing equipment.

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HID Ballast Market – HID Ballast Market by Product Type (Electromagnetic HID Ballast, Electronic HID Ballast), Application (Automotive, Industrial) & Region – Forecast 2022-2027

Laser Safety Glasses Market – Laser Safety Glasses Market By Technology (Glass Laser Safety Eyewear, Polycarbonate Safety Glasses, Thin Film Glasses, Laser Protective Face Shields, Intense Pulse Light Safety Glasses), Application (Automotive, Medical, Chemicals, Military, Aerospace, and Defense) & Region – Forecast 2022 – 2028

Odour Control System Market – Odour Control System Market By System (Physical Odour Control, Chemical Odour Control, Biological Odour Control), Application (Waste Treatment Facilities, Food & Beverages, Pulp & Paper, Chemical & Petrochemical) & Region – Forecast 2022-2029

Medium Voltage Transformer Market – Medium Voltage Transformer Market By Rating (1,200 kVA, 1,500 kVA, 2,000 kVA, 2,500 kVA), Product (Dry, Oil-immersed, VPI), Configuration (Single-phase, Three-phase) & Region – Forecast 2022 – 2028

Poultry Keeping Machinery Market – Poultry Keeping Machinery Market By Product (Feeding, Drinking, Climate Control, Incubator Equipment, Hatchery Equipment, Egg Collection, Handling, and Management Equipment, Broiler Harvesting and Slaughtering, Residue & Waste Management) & Region – Forecast 2022 – 2028

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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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By 2022, The Hand Tool Market Is Expected To Be Worth Around US$15.06 Billion.

According to Future Market Insights (FMI), the global hand tools market will increase at a 5.6 % annual rate in 2022, reaching a value of around US$ 15.06 billion by the end of the year.

Manufacturers have recognized the value of tool design manipulations, improvements, and the occasional inclusion of new features. Today’s tools must be durable, work reliably, and be built to meet the needs of the job for which they are chosen.

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Customizations such as extended tips to get into hard-to-reach areas or specially designed joints to make the tools even more user-friendly are in high demand. The global sales of hand tools are anticipated to grow at a CAGR of 5.9% during the period of 2022 and 2032.

Extended tips to reach hard-to-reach regions and specifically engineered joints to make the tools even more user-friendly are in high demand. Between 2022 and 2032, global hand tool sales are expected to expand at a 5.9% compound annual growth rate (CAGR).

The global focus on do-it-yourself (DIY) activities is propelling the hand tool industry. Between 2022 and 2032, the market for hand tools is estimated to rise at a 5.9% CAGR.

The global sales of hand tools are set to be valued at over US$ 15.06 Bn in 2022, with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.9% CAGR from 2022-to 2032.

According to Future Market Insights, increasing usage of hand tools in the commercial end-use sector is the key influencing factor fuelling the demand for hammers, cutters, hand saws, and other hand tools. Demand is forecast to rise as the application in repair and maintenance work consistently grows.

Expansion of the sales network will significantly boost the market. To entice the new players in the reselling sector, manufacturers are offering franchise stores with attractive benefits to the proprietor. Low initial establishment investment, complete guidance and training to run their outlets, detailed operation manuals and processes, sales and marketing, technical and operational support, and marketing & branding support such as website ads, newspaper ads, and so on are all examples of manufacturer support for proprietors.

In terms of product type, sales of wrenches are expected to account for maximum demand. Multi-purpose wrenches have long sought applications from professional builders and craftsmen in the construction industry. Versatile adjustable wrenches, torque wrenches, and pipe wrenches are commonly preferred types.

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Key Takeaways from Hand Tools Market Study

• By end-use, hand tools for commercial purposes are projected to hold over 37% volume share of the global market in 2022.
• Sales of wrenches are expected to account for 34% of the market share on a value basis by the end of the forecast period.
• Application of hand tools will remain maximum for DIY usage and usage at the regional level.
• East Asia and South Asia Pacific will remain primary markets, accounting for over 35% of the demand by 2022 combined.

“Surge in demand in DIY, commercial and industrial sectors will encourage market players to pursue innovations. Focus on product launches is therefore expected to remain high as competition grows in the hand tools market,” says a Future Market Insights analyst.

Global Hand Tools Market by Category

By Product Type, the Global Hand Tools Market is segmented as:
• Wrenches
• Pliers
• Screwdrivers
• Voltage Tester
• Measuring Tools
• Hammers
• Cutters
• Taps and Dies
• Hand Saws
• Punches
• Others

By Sales Channel, the Global Hand Tools Market is segmented as:

• Online
• Offline
o Authorized Dealers
o Multi-Brand Outlet
o Independent Dealers

By End-User, the Global Hand Tools Market is segmented as:

• DIY
• Commercial
o Construction End-User
o Electrical Service Provider
o Garage and Workshop
o Woodworking
o Metal Fabrication
o Sanitary End-User
o Others
• Industrial

By Region, the Global Hand Tools Market is segmented as:

• North America
• Latin America
• Europe
• South Asia Pacific
• East Asia
• Middle East and Africa

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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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Market For International Bulk Terminals Is Anticipated To Grow Steadily Through 2030, According To FMI.

Bulk terminals are crucial components of the industrial infrastructure because they guarantee the efficient and safe transportation of vital resources. Despite the COVID-19 pandemic’s current declines in seaborne trade, the world’s minor bulk trade has grown significantly. According to Future Market Insights (FMI) analysts, the amount of minor bulk traded globally has increased to 1.74 billion tonnes.

Bulk Terminals Market is anticipated to grow at stable CAGR during 2020-2030, Such an expected rise in demand for petroleum products and crude oil is influencing market players to center their focus on liquid bulk terminals. According to an FMI report, the production of steel and forest products accounted for 43% of minor bulk trade. Additionally, metals and minerals have taken up about 37% of minor bulk trade, followed by agricultural products at 20%.

Agricultural yield is majorly concentrated on countries such as the US, Argentina, Brazil, China, and India, which accounts for over ¾ of export and import of several grains as minor bulk commodities.

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Bulk Terminals Market Size Study

  • Sales of bulk terminals to remain stable over the forecast period, 2020-2030
  • Dry bulk continues to generate greater total returns to shareholders (TRS)
  • Nearly 190 terminals were under expansion worldwide in June 2019, with an additional 49 under construction
  • Markets in Europe and North America to generate relevant value through 2030

“Majority of global trades are performed through coastal routes, as such, proper functioning of maritime transport is quintessential in overall progress of countries participating in global trade. Port operation accents for heavy investments in manpower and equipment. Consequently, various countries are embracing Public-Private Partnership (PPP), wherein operations and management duties are outsourced to private firms, while respective governments own certain land and assets,” says analyst at FMI.

COVID-19 Impact on Bulk Terminals Market

The COVID-19 pandemic is triggering huge supply chain disruptions for bulk terminals market due to strict lockdown measures, especially in Asian supplier regions. Such stringent measures have led to dearth of workers – truck drivers and labors – at port terminals.

In addition, the market is suffering due to shortage of transportation facilities such as. Studies reveal that trucks and containers dropped by about 50% due to decreasing number of trailers and unavailability of drivers. This has further slowed down transshipping operations at terminals.

Driven by rising concerns regarding worker safety, several end-use industrial operators have brought manufacturing processes to temporary halt, thereby, hurting the demand for bulk terminals.

In an effort to stay afloat amid the COVID-19 crisis, upgradation in automation capabilities will be critical for bulk terminal market players in immediate future.

Bulk Terminals Market – Competitive Intelligence

Leading players in global bulk terminals market are focused on inorganic growth strategies such as mergers and acquisitions (M&A) as well as contracts in order to boost theor market presence. Case in point,

  • Ultramar Group has entered into transshipment collaboration with Acron Group to transship over 1.2 million tons per year (tpy) of mineral fertilizers.
  • Noatum Maritime has taken over multi-purpose bulk terminal business from Noatum Ports.
  • Teck Resources and Westshore Terminals have entered into an agreement for new throughput contract for export of metallurgical coal beginning in April 2021. The contract will witness 5-7 million mt of metallurgical coal exported from April through December 2021.

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To Know More About Bulk Terminals Market:

A new market research report published by Future Market Insights (FMI) on the global bulk terminals market report offers comprehensive insights into the market demand trends and analysis of opportunities over the forecast period, 2020-2030. The report examines the bulk terminals market through two different segments – bulk type, and region. The bulk terminals market report also provides extensive assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of barcode printers and product adoption across several end-use industries.

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Metal Recycling Equipment Market – Metal Recycling Equipment Market by Metal Type, Machine Type, End Use & Region – Forecast 2022 – 2032

Collaborative Robots Market – Collaborative Robots Market by Payload Capacity Type (Up to 5kg, 5-10kg), Application (Welding, Material Handling , Quality Testing/Inspection), End Use (Food & Beverage, Logistics, Healthcare) and Region for 2022-2029

Rotary Indexer Market – Rotary Indexer Market by Type, End Use Industry, Application & Region – Forecast 2022 – 2032

Chilled Water Storage System Market – Chilled Water Storage System Market By Type, Applications & Region – Forecast 2022-2032

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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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By 2026, India Electrical Testing Services Market Is Anticipated To Experience Revenue Growth: FMI

In 2020, there was less demand for electrical testing services as a result of COVID-19’s negative economic effects. However, as economies recover, it will trigger a recovery in business activity across a range of industries. The need for electrical testing services will consequently increase.

Electrical testing services are a type of evaluation that include a thorough examination, scrutiny, and diagnosis of vital heavy duty electrical equipment to guarantee its longevity and operational performance. Electrical equipment includes things like transformers, rectifiers, circuit breakers, cables, transmission lines, batteries, etc.

Electrical service technological improvements have resulted in increased complexity in maintenance work and services. As a result, the need for electrical testing services designed to supplement complicated industrial networks is expected to increase in the future years.

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Key Takeaways of North America Electrical Testing Services Market Study

  • In terms of service type, the demand for transformer testing and circuit breaker testing will remain considerably high through the forecast period.
  • The U.S. will emerge as a highly lucrative market, accounting for maximum demand for electrical testing services in North America.
  • Industrialization in China, will support expansion of the electrical testing services market in Asia Pacific.
  • Favorable government policies and expansion of power generation stations will continue supporting growth in India.

“Surge in the demand for more efficient electrical devices and electrical machinery in various sectors will present attractive scope for sales of electrical testing services. In order to gain competitive strength, the market players are expected to focus on expanding their footprint in emerging markets” says a FMI analyst.

Competitive Landscape

The market is moderately consolidated, with key players accounting for more than half of the market share. These players are likely provide long-term service guarantee with annually maintaining contract. Some of the key players in the market are Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., RESA Power LLC, Voltech Engineers Pvt. Ltd., DNV GL, Dobel Engineering Company, Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services and Electric Power Systems.

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Global Electrical Testing Services Market Projection

Electrical Testing Services market is likely to grow at a moderate pace during 2021-2031. As the market have competition intensity due to the offered service rate and durability of service from recognized service team. Due to the new technological evolvement in the testing equipment it makes easier for service/testing person to do it more efficiently. The companies are providing AMC for their products only due to compatibility of the parts/material used.

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Truck Mounted Cranes Market – Truck Mounted Cranes Market by Product Type, Drive, Lifting Capacity, End User & Region – Forecast 2022 – 2032

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About Future Market Insights (FMI)

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

Contact:

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