Commercial Refrigeration Equipment Market Is Expected To Be Worth US$ 68.3 Billion By 2028.

With a 3.9% year-on-year increase in sales of commercial refrigeration equipment in 2022, the market is expected to be worth US$ 51.8 billion by the end of the year. The global commercial refrigeration equipment market is expected to be worth US$ 68.3 billion by 2028, growing at a CAGR of 4%. (2022-2028).

In 2020, commercial refrigeration systems will account for 40% of the global refrigeration equipment market. Commercial refrigerators and freezers will see increased sales as investments in the food and beverage industry increase in the coming years.

The commercial refrigeration equipment market is expected to shift towards natural refrigerant-based systems because of the potential for large energy savings, and the implementation of stringent regulations worldwide for phasing out ozone-depleting substances, such as hydrofluorocarbons (HFCs) and hydrochlorofluorocarbons (HCFCs).

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Witnessing an uptick of 3.4% over 2021, the worldwide sales of commercial refrigeration equipment will exceed revenues worth US$ 51 Bn by 2022 end. As indicated by a recent research study of Future Market Insights (FMI), the market for commercial refrigeration equipment will progress at a moderate CAGR over 2022 – 2029. The demand would be prominently driven by greater production of F&B goods and a preferential shift of consumers towards quick service restaurants (QSRs), at a global level.

The demand for NH3/CO2 cascade systems is also slated to go up gradually due to the advantages they offer for food processing and low-temperature distribution facilities. These benefits include low operating costs (as they use less energy per ton of refrigeration compared to other systems), lower capital and compliance costs, optimal food quality, and increased throughput.

Sustainable and energy-efficient refrigeration systems are set to become a norm across the end-use industries, which should compel manufacturers to increase their investments in R&D and product innovations. Leveraging energy-efficient technologies to offer low global warming potential (GWP) products with rich functionalities will be the ticket to capturing significant market share in the long run.

Commercial Refrigeration Equipment Market Key Takeaways

  • Growing demand for ready-to-eat products and expanding retail outlets are driving the sales of commercial refrigeration equipment.
  • North America and Europe would collectively account for over half of the market value share by 2029 end.
  • The food services sector will remain prominent application area to invest in, for commercial refrigeration equipment market players.
  • The enforcement of new refrigerant regulations such as the EPA 680 Upgrade, and the Kigali Amendment for the phase-down of HFC refrigerants will largely impact the market growth.
  • The higher average unit cost of freezers & refrigerators allude lower volume sales vis-à-vis value gains, with just about 2.6 million unit sales in 2021.
  • Glass door merchandizers that account for around a third of total volume sales continue to see relatively low revenue generation as compared to freezers & refrigerators.
  • Sales of beverage dispensers and display cases across end-use industries will show a moderate increase year-over-year in 2022, which will collectively represent nearly 16% of total commercial refrigeration equipment sales in that year.

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Manufacturers who are keeping the innovation quotient high and providing turn-key solutions to meet regulatory requirements, with safety to end users at the core, will be rewarded in the long run.

Chinese Players Striving to Win Home Market​

In developed markets, rapid acceptance of alternative refrigerants to benefit from regulatory standards along with expansion of F&B processing industries continue to contribute to the development of the commercial refrigeration equipment market.

The growth of Asia Pacific’s commercial refrigeration equipment market was influenced by a shift of Asian eating habits towards western-style convenience food. With the ability to manufacture their own compressors, Chinese companies are gaining competitive edge to reign supreme in their home market with indigenous brands.

Competition Trends

In 2021, the top four stakeholders including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation collectively accounted for 20-25% revenue share. The emergence of a large number of small players in developing countries has resulted into price competition, with leading market players losing their profit margins. Market fragmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of the local players.

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Competitive Landscape

Commercial refrigeration system manufacturers are investing in the research & development of new products and featuring new launches to widen their product portfolios.

Commercial refrigeration equipment companies are also turning to mergers & acquisitions to bolster their market presence across multiple geographies.

  • In February 2022, Refrigeration Design & Service Inc., a Philadelphia-based industrial refrigeration design and build provider, was acquired by The Kelvin Group. This is part of Kelvin’s vision to build a collaborative group of independent industrial and commercial services companies in the U.S.

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According To FMI, Power Generator Market For The Military Is Expected To Grow At A 3.5% CAGR: FMI

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. 15% of the market for generators was taken up by power generators for the military.

Uninterrupted and reliable sources of power supply are vital for successful military operations. Power generators have applications across diverse segments within the military industry. Against this backdrop, Future Market Insights (FMI) foresees lucrative prospects for power generator producers within the military market.

Power generators are used for various tactical operations within military agencies. On account of changing landscape, the inclination toward compact and lightweight designs is higher. These generators are touted as advanced equipment that offers robust output at a low cost. Driven by the demand for improved fuel efficiency, sales of compact generators are expected to pick up in the coming years.

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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 defence sector will subsequently aid the expansion of the market.

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 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.

By the time the global economy recovers from the jolt, manufacturing is expected to be among the worst-hit sectors. The incredible slump in investment, subsequently revenue generated within the industry paints a gory picture.

The power sector to is no stranger to crisis. It is reeling under payment delays and deficits. Government-owned distribution companies are particularly hampered. Nationwide lockdowns have posed unique and devastating challenges. The liquidity crunch is threatening several companies within the industry.

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Competitive Landscape

Companies manufacturing military power generators are striving to offer advanced power generation systems with high output and low operational costs. They are likely to focus more on the manufacturing of hybrid generators over the coming years. Overall, focus on portfolio and footprint expansion is forecast to remain high in the market.

For instance,

  • Cummins Inc. launched the HSK78G natural gas generator series. This series offers a range of advanced capabilities and innovative gas technologies.

Key Companies Profiled

  • Cummins Inc.
  • Caterpillar Inc.
  • Rolls-Royce Holdings plc
  • HIMOINSA
  • Harrington Generators International
  • Fischer Panda GmbH
  • Ascot Industrial S.r.l.
  • GREEN POWER SYSTEMS S.r.l.
  • Kohler Co.
  • Kirloskar Oil Engines Ltd.
  • Ausonia S.r.l.

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Power Generator for Military Industry Survey

Power Generator for Military Market by Capacity:

  • Up to 60 KW Military Power Generators
  • 61 to 250 KW Military Power Generators
  • 251 to 500 KW Military Power Generators
  • 501 to 1000 KW Military Power Generators
  • Above 1000 KW Military Power Generators

Power Generator for Military Market by Output:

  • AC Military Power Generators
  • DC Military Power Generators

Power Generator for Military Market by Fuel:

  • Diesel Military Power Generators
  • Natural Gas Military Power Generators

Power Generator for Military Market by Installation:

  • Stationery Military Power Generators
  • Mobile and Portable Military Power Generators

Power Generator for Military Market by Application:

  • Communication Systems
  • Air Defense Systems
  • Field Hospitals
  • Field Camps/Accommodation
  • Lightings
  • Military Vehicles
  • Others

Power Generator for Military Market by Region:

  • North America Power Generator for Military Market
  • Latin America Power Generator for Military Market
  • Europe Power Generator for Military Market
  • East Asia Power Generator for Military Market
  • South Asia & Pacific Power Generator for Military Market
  • Middle East & Africa (MEA) Power Generator for Military Market

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Cathodic Protection Market Is Forecast To Reach US$7.3 Billion By The End Of 2028

According to a recent study by Future Market Insights (FMI), the cathodic protection market will witness a robust expansion at nearly 5.6% CAGR through 2028. In addition, the Market is projected to reach a valuation of US$ 7.3 Bn by the end of 2028.

According to the National Association of Corrosion Engineers (NACE) ‘International Measures of Prevention, Application and Economics of Corrosion Technology (IMPACT)’ study; the global cost of corrosion was over US$ 2,500 Bn in 2013. However, by using the currently available corrosion control practices, only around 15% to 35% of the total cost of corrosion can be saved, which is between US$ 375 Bn – and US$ 875 Bn.

The increasing global cost of corrosion has resulted in a significant rise in the need for technologies related to its prevention, which in turn is creating demand for solutions such as cathodic protection. Additionally, the essentiality of corrosion protection and control in industrial sectors, for the prevention of any catastrophic events, is a key factor underpinning the growth of the cathodic protection market.

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Cathodic protection is a globally used technique to control the corrosion of a metal surface in a harsh environment. Owing to the efficient and reliable corrosion protection technology, the Cathodic protection market is estimated to grow at a significant rate during the forecast period, supported by the increasing demand for corrosion prevention technologies to minimize the direct cost of corrosion.

Cathodic Protection Market: Segmentation Analysis

Cathodic Protection Market Analysis by Solution

By solution, the cathodic protection market has been categorised into products and services. The products segment can be further divided into anodes, power supplies, junction boxes, test stations, remote monitors, coatings, instrumentation, and others.

Services include inspection, design & construction, and maintenance. Leading players in the market provide almost all the products and services for cathodic protection to various end users.

Cathodic Protection Market Analysis by Type

By type, the cathodic protection market is segmented into galvanic (sacrificial anodes) and impressed current. The impressed current-based cathodic protection continues to hold bulk shares of the market, nearly 80%.

Demand for cathodic protection based on impressed current continues to remain influenced by the high cost of alternative methods available for cathodic protection currently.

Cathodic Protection Market Analysis by Application

By application, the cathodic protection market has been categorized into pipelines, storage facilities, processing plants, water & wastewater, transportation, building, and others.

Government regulations related to the corrosion protection of industrial infrastructures continues to influence growth of the cathodic protection market.

The more regulations are imposed, the more cathodic protection is required, and more accurate and detailed the testing and records need to be. This is expected to significantly boost growth of the cathodic protection market in the near future.

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Cathodic Protection Market Analysis by Region

From a regional perspective, the North American market is projected to be a prominent market, owing to significant pipeline integration in the oil & gas industry. Europe is projected to hold over one-fourth share of the cathodic protection market.

The market in the Asia Pacific is anticipated to expand at a relatively higher CAGR, owing to the increasing investments in infrastructure development, and increased spending on the maintenance of existing infrastructure. China is expected to be the most lucrative market for cathodic protection, with sales projected to grow at a CAGR of over 7% through 2028.

Cathodic Protection Market: Vendor Insights

Key players operating in the cathodic protection market include Aegion Corporation, BAC Corrosion Control Ltd., Cathodic Protection Company, Cathodic Protection Management, Inc., Corrosion Protection Specialist Private Limited, Farwest Corrosion Control Company, Imenco AS, Matcor, Inc, MG Duff International Ltd, Perma-Pipe Inc., SAE Inc., Southern Cathodic Protection, Tecnoseal Group, The Nippon Corrosion Engineering Co., Ltd., and Nakabohtec Corrosion Protecting Co., Ltd.

About Future Market Insights (FMI)

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

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Fibre Laser Industry Will Expand at a Rate of 11.1% Between 2017 and 2031

The market for fibre lasers will expand favourably, and in 2021, it’s expected to reach a total value of more than US$ 3.1 billion. Between 2021 and 2031, the market’s value will grow at a compound annual growth rate (CAGR) of 11.1 percent.

Following a year of tepid growth, global sales are predicted to increase by 10.7% in 2021. With shipments approaching 115,000 units, FMI offers a promising outlook for the market’s future growth.

Additionally, according to FMI, in 2021, IPG Photonics Corporation will hold about 50% of the global market share, followed by TRUMPF GmbH Co. KG with 17%, Lumnetum Operations LLC AG with 8%, Wuhan Raycus Fiber Laser Technologies Co. Ltd with 9%, and Fujikura Ltd with 4%.

Fiber laser technology has improved by leaps in terms of spectral coverage, output power, and ultra-short pulse width for past few years. Owing to rapid technological advancement, the area of application of fiber lasers has extended to healthcare, defense, and military domain.

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The fiber laser market will register positive growth with the overall valuation forecast to surpass US$ 3.1 Bn in 2021. The market’s worth will increase at a compound annual growth rate (CAGR) of 11.1% between 2021 and 2031. Global sales are expected to rise at 10.7% in 2021 after a period tepid growth in 2020. With shipments reaching nearly 115,000 units, FMI presents a positive growth outlook for the market.

FMI also predicts that the IPG Photonics Corporation hold around 50% of global market share, TRUMPF GmbH Co. KG holds 17% of global market share, Lumnetum Operations LLC AG holds 8%, Wuhan Raycus Fiber Laser Technologies Co. Ltd holds 9%, and Fujikura Ltd holds 4% of global market share in 2021.

Growing research and development activities towards designing high beam quality, environment friendly and low cost fiber lasers are the key growth drivers. Increasing government initiatives towards promoting green manufacturing along with initiation of Industry 4.0 will positively influence the market growth over the assessment period. Rising adoption of novel materials and increasing concern among material manufacturers regarding its environmental impact across broad spectrum of end users is pushing manufacturers to use fiber lasers for cutting and marking applications, thus driving the market growth.

Introduction of automation in fiber laser market is expected to replace traditional operations like chemical etching and ink based printing that is used for machine marking. They are easy to use and digitization has made them compact and ideal for high power applications. These factors are expected to propel the sales of fiber lasers in the upcoming decade. Increasing demand for high process speed for welding of thicker sheets of highly thermal conductive metals and growing efforts towards improving overall efficiency and flexibility of fiber laser will drive the market growth in upcoming years.

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Fiber laser is experiencing swelling demand from aerospace industries as it offers superior beam quality, flexibility, and control over heat generation in the core through its adjustable laser geometry. Increasing use of modern fiber lasers in various material processing applications will fuel the sales through 2031.

Incorporation of fiber lasers with 3D printing for effective material deposition will further boost the market growth. Market players are focusing on developing energy efficient processes to minimize material consumption and lower the operational cost of fiber lasers. Fiber laser welding are used in manufacturing of low cost and highly reliable batteries for electric vehicles. These factors will aggrandize the market growth over the decade.

Key Takeaways from FMI’s Fiber laser Market Study

  • North America fiber laser market is forecast to grow at 10.9% CAGR through 2031, backed by rising industrialization and increasing production of consumer electronics in the country.
  • Increasing production of electric vehicles and presence of leading semiconductor wafer manufacturing companies will support European laser fiber market to grow at 10.2% CAGR over the forecast period.
  • China is expected to offer lucrative growth opportunities owing to favorable government policies to boost the manufacturing industry and increasing demand for fiber laser marking system in e-commerce sector in the country.
  • South Korea and Japan account for 10% of global fiber laser market share in 2021. Growing emphasis towards miniaturization of electronic components is the key growth driver in these countries.
  • IPG Photonics Corporation, TRUMPF GmbH + Co. KG, Lumnetum Operations, LLC, Wuhan Raycus Fiber Laser Technologies Co., Ltd. and Fujikura Ltd. are the top five market players and they collectively account for 90% of global market share in 2021.

“Quasi continuous wave fiber laser will remain highly sought-after owing to its ability to generate high peak power and high reliability, while welding dissimilar metals and metals with high thermal conductivity,” says the FMI analyst.

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Competitive Analysis:

In order to expand their global reach, leading market players are focusing towards diversifying the product portfolio by introducing new products into the market. They are actively collaborating with existing players to gain maximum market share. For instance, Furukawa launched new industrial fiber laser in July 2021. The new laser has high beam quality, time stability and high efficiency.

In 2016, Domino introduced “F720i” high performance fiber laser at PackExpo in U.S. It is designed to create legible and durable codes on aluminium beverage cans. With high IP rating, the new system is capable of withstanding harsh production environments and fulfills high speed coding requirement of beverage canning segment.

Coherent Inc. completed the US$ 942 million acquisition of Rofin-Sinar Technologies in 2016. Coherent Inc. is world’s prominent providers of lasers and laser-based technology for commercial, scientific and industrial customers and this acquisition will assist the company to expand their product portfolio.

Prominent players operating in the fiber laser market are:-

  • IPG Photonics Corporation
  • TRUMPF GmbH + Co. KG
  • Maxphotonics Co. Ltd.
  • Coherent Inc.
  • Newport Corporation
  • Wuhan Raycus Fiber Laser Technologies Co. Ltd.
  • Lumentum Operations LLC
  • Fanuc Corporation
  • Furukawa Electric Co. Ltd.
  • Keopsys S.A.
  • Fujikura Ltd.
  • NLIGHT Inc.

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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 Hydraulic Gear Pumps Is Expected To Grow At A Strong 3.7 Percent CAGR From 2022 To 2030

Hydraulic gear pump sales continue to grow strong with the construction industry’s growth, sustained automobile sales, and adoption by mining industry operators. A recent Future Market Insights (FMI) study projects a steady growth outlook for the global hydraulic gear pumps market, reaching the valuation of US$ 2.5 Bn at the end of the forecast period.

Greater emphasis on upgrading existing pump models to enhance their energy efficiency quotient will mark an important trend in the hydraulic gear pumps market. High manufacturing costs however remain a longstanding challenge limiting the rapid growth of the hydraulic gear pumps market, says the FMI study.

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However, due to COVID-19 crisis, several production facilities are shuttered and workforce shortages prevail. This scenario is further complicated by undersupply of raw materials and supply chain disruptions. Moreover, direct impact of the halted progress of all end-use industries is negatively impacting the growth of hydraulic gear pumps market.

Key Takeaways of Hydraulic Gear Pumps Study

  1. External gear pumps will be the top selling category through 2030
  2. Sales remain concentrated in East Asia and Europe
  3. A third of total sales will be accounted by hydraulic gear pumps with an operating pressure of 150 – 250 towards the end of 2030
  4. End users are inclined towards specialist distributors that provide engineering expertise, aftersales services, and end-to-end solutions to meet specific demands of customers

Material handling equipment plays a vital role in lean supply chain management and it is gaining traction owing to the evolving outlook of transportation and logistics across the globe. Manufacturers of hydraulic gear pumps thus need to align their product offerings with the changing material handling equipment requisites.

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Increasing Adoption in Agriculture and Forestry Equipment

Agriculture sector is also a significant end user shaping up the market for hydraulic gear pumps. The demand is expected to increase for the agricultural applications. A majority of manufacturers in the global hydraulic gear pumps market are following the trends of manufacturing and providing hydraulic gear pumps specifically for agricultural and farming equipment.

Competitive Landscape Analysis

The hydraulic gear pumps market represents a fairly fragmented market structure, owing to the presence of a large number of hydraulic gear pump suppliers across the globe. Eaton Corporation, Parker-Hannifin Corporation, and Bucher Hydraulics GmbH remain some of the market leaders, operating with medium to high level global presence. Top 10 market participants in the hydraulic gear pumps landscape currently account for more than 30% revenue share and prefer to concentrate on strategic collaboration agreements with regional leaders in distribution space. New regional distributorships will enable them to gain a competitive advantage while introducing new offerings to newer regional markets.

Leading Suppliers in Hydraulic Gear Pumps Market

The global hydraulic gear pumps market is fairly fragmented owing to the presence of several players across the globe. Market participants are entering long-term contracts with OEMs to maintain their stronghold on long-term business opportunities in market.

Strategic collaborations with domestic players will continue to be a preferred developmental strategy in an effort to gain a competitive advantage. Expansion of the product portfolio and development of the distribution network will also be the key strategic moves of top players in hydraulic gear pumps market. Some of the market leaders in hydraulic gear pumps market include,

Americas

  • Parker Hannifin Corp
  • Roper Pump Company
  • Viking Pump Inc.
  • Bailey International, LLC

Europe

  • CASAPPA S.p.A.
  • Bucher Hydraulics Gmbh
  • Bosch Rexroth AG
  • Linde Hydraulics GmbH & Co. KG
  • Settima Meccanica Srl

Asia Pacific

  • Dynamatic Technologies Ltd
  • KYB Corporation
  • Daikin Industries Ltd
  • Kawasaki Heavy Industries, Ltd.

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About Future Market Insights (FMI)

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

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Through 2031,Stainless Steel Welded Pipe Market Is Expected To Grow At A 4.4% CAGR

The global stainless steel welded pipe market is expected to reach US$ 16.36 Bn in 2021 with a stable long-term projection, according to the latest insights from Future Market Insights ESOMAR-certified research and consulting firm. The report offers an analysis of 20+ high-growth markets, providing detailed insights on the stainless steel welded pipe market’s growth in the next decade.

Demand for stainless steel welded pipes decelerates as operations across construction, automotive, water supply and distribution, oil and gas, petrochemical and fertilizers, power generation, and other sectors were hampered amid the COVID-19 outbreak. However, considering the possibility of a stimulus for infrastructure projects in many countries, the long-term outlook of the market remains positive.

The surge in demand for stainless steel welded pipes from applications such as oil and gas will remain a chief growth driver due to the presence of oil rigs all over the globe. For the transportation of the fluid from one place to another, a large quantity of pipes is required, which will drive the sales in the market. The same applies to the water supply and distribution segment because the demand is expected to surge amid the rising need for an uninterrupted water supply.

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The replacement of old pipes with new stainless steel welded pipes can also provide a boost in the sales of stainless steel welded pipes. The substantial increase in the demand from the supplier side and the end-use industries across the globe is propelling the stainless steel welded pipe market growth.

The use of stainless steel welded pipes in construction and automotive and power generation applications will create solid opportunities for growth. According to FMI, the construction sector is expected to account for nearly 29% of sales in the market by 2031. Investment in residential, commercial, and infrastructural construction projects will increase in the future, paving way for the expansion of the market.

Key Takeaways

• Stainless steel welded pipe market is expected to grow at a 4.6% CAGR between 2021 and 2031
• Investment in construction projects will remain a chief growth driver in the U.S., enabling it to account for nearly 72% of sales in North America
• Focus on improving public infrastructure will drive growth in the U.K. market at a 5.5% CAGR between 2021 and 2031
• India is expected to register increasing investment in water supply and distribution to ensure safe drinking water to all citizens and support industrialization. This will create attractive opportunities for stainless steel welded pipe sales
• China will emerge as a highly lucrative market in East Asia, accounting for maximum sales of stainless steel welded pipes

“As competition continues to grow, companies operating in the market are likely to adopt strategies for strengthening their global footprint. Besides expanding operations across emerging nations, they are likely to focus on launching better quality stainless steel welded pipes to gain a competitive edge” says an FMI analyst.

The stainless steel welded pipe market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of construction, oil & gas and water supply and distribution, majorly focusing on the outer diameter required for the specific applications. Collaboration with local players and developing new technology in the form of advanced stainless steel welded pipes is a prime strategy expected to increase in popularity in the forecast period.

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Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd. & others.

Stainless Steel Welded Pipe Market

By Grade

• 300 Series
o 304, 304L & 304H
o 309 & 310S
o 316, 316L, 316H, 316TI
o 321/321H
o 347/347H
• 400 Series
o 409
o 410/410S
• 900 Series
• Nickel Alloy Grade
o Duplex 2205
o Duplex 2207

By Application

• Construction
• Automotive
• Water Supply and Distribution
• Oil and Gas
• Petrochemical and Fertilizers
• Power Generation
• Others

By Outer Diameter

• 4 – 36mm
• 36 – 60 mm
• 61 – 150 mm
• 151 – 500 mm
• 500 – 1000 mm

By Region

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

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Trash Rack Cleaning Machine Market Projected To Reach US$ 408.5 Million By 2032: FMI

By 2032, the global trash rack cleaning machine market is anticipated to reach US$ 408.5 million, up from US$ 286.8 million in 2022, growing at a CAGR of 3.6 percent.

Due to their frequent rough use, trash racks are used and occasionally need to be cleaned. The demand for trash rack cleaning equipment is anticipated to increase significantly as a result. The installation of trash rack cleaning machines requires significant upfront costs, which could restrain market expansion.

Contrarily, technological advancements and innovation are expected to drive market expansion because they improve a product’s functionality and broaden the range of downstream applications.

Trash rack cleaning machines (TRCM) are designed to remove logs, trash, and debris (trunks, branches, grass, leaves, and so on) that have gathered at trash racks and are obstructing water flow. Trash rack cleaning machines are meticulously engineered to remove all types of waste while maintaining water flow, ensuring environmental compatibility, and reducing head losses. These machines are used in hydro and thermal power facilities were maintaining a continuous flow of water towards turbines is crucial.

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For instance, in a hydropower plant, efficiency is directly related to head losses, owing to which proper cleaning of the trash rack is a top priority. Trash rack cleaning machines have several key features, such as robustness, flexibility, multifunctional design, high reliability and high operability, among others. Generally, hydraulic trash rack cleaning machines are preferred as compared to cable-operated machines and are designed as per requirements in the application area. These tailor-made cleaning machines help optimize the performance of power plants.

There is an increase in the demand for electricity from industrial, commercial, and residential sectors, owing to which the governments of several countries have taken initiatives to increase capacity and restructure existing power stations to improve efficiency. Thus, restructuring of existing plants and the emergence of new hydro & thermal power projects will help drive the trash rack cleaning machine market. Moreover, there is an increase in the number of  water treatment and distribution plants across the globe wherein the separation of debris from flowing water is a primary step. For the same, trash racks are employed and need to be periodically cleaned, which is expected to drive the demand for trash rack cleaning machines.

Regional Outlook

The global trash rack cleaning machine market is mainly dominated by Europe, followed by Asia Pacific. In Europe and Asia Pacific, existing as well as upcoming hydro & thermal power projects will help drive the market over the forecast period. The Asia Pacific trash rack cleaning machine market is expected to grow with a significant CAGR over the forecast period. The North America trash rack cleaning machine market is expected to register substantial growth over the forecast period, owing to the high investment in the power & energy industry and in infrastructure development for water distribution networks. Latin America and Middle East & Africa Trash rack cleaning machine markets are expected to grow steadily over the forecast period.

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Regional analysis includes:

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

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

Trash Rack Cleaning Machine Market: Segmentation

Based on the type, the global trash rack cleaning machine market can be segmented into:

  • Hydraulic lifting
  • Cable Operated

Based on the mode of operation, the global trash rack cleaning machine market can be segmented into:

  • Manual
  • Semi-automatic
  • Fully Automatic

Based on the sub-type, the global trash rack cleaning machine market can be segmented into:

  • Single arm
  • Double arm
  • Column
  • Telescopic
  • Double Piston

Based on the mounting, the global trash rack cleaning machine market can be segmented into:

  • Stationary
  • Mobile

Based on the application area, the global trash rack cleaning machine market can be segmented into:

  • Hydro Power Plants
  • Pumping Stations
  • Others

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Trash Rack Cleaning Machine Market: Market Participants

Examples of some of the market participants in the global trash rack cleaning machine market, identified across the value chain include:

  • General Mechanical Works Pvt. Ltd.
  • Künz GmbH
  • Lukas Anlagenbau GmbH
  • OSSBERGER GmbH + Co
  • BRAUN Maschinenfabrik Gesellschaft m.b.H
  • API SpA
  • Enerquip AS
  • Münster Apparatebau GmbH
  • Poolmeccanica Lorenzon Srl
  • Mavi Deniz Co.
  • Lakeside Equipment Corporation
  • Haseeb Waqas Engineering Ltd.
  • Texmaco Rail & Engineering Ltd.
  • Ghiggia Ingegneria d’Impianti srl

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

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According To FMI, Swivel Couplers Market Will Be Worth US$556.3 Million By 2032

As of 2022, the market for swivel couplers is worth US$ 331.4 million. By 2032, the market is projected to grow at a CAGR of 5.3% and reach US$ 556.3 million in value.

Swivel coupler sales are expected to be driven by an increase in construction activity, an expansion of the fabrication industry market, among other factors. The use of these couplers is anticipated to increase for a number of reasons, including the use of advanced production technologies in their manufacture.

Metals and alloys are used to create swivel couplers, which connect the pipes to form a truss structure. To prevent leaks, these are widely used in pipe fittings. As a result, swivel couplers are an essential component of plumbing accessories.

These valves are essential for increasing the structure’s ability to support more weight. Couplers aid in the development of a sturdy structure. The market for swivel couplers has historically experienced a CAGR of 4.2 percent. Swivel couplers are becoming more and more important, and the CAGR for the forecast period is expected to be 5.3%.

The majority of businesses around the world have suffered over the past few months. This can be attributed to significant disruptions in their specific assembly and storage network operations caused by various prudent lockdowns and other limitations upheld by administrative experts around the world.

The global market for swivel couplers is comparable. Customer demand has also decreased as a result because people are now more eager to borrow money for small expenses from their individual financial plans because the overall financial situation of most people has been severely impacted by this flare-up.

Over the gauge course of events, the aforementioned factors are predicted to disrupt the revenue direction of the global market for swivel couplers. However, as personal care professionals lift these supported lockdowns, the global Swivel Couplers market is anticipated to recover as well.

Competitive Landscape

The major players are now focusing heavily on quality control while also looking for ways to further enhance the production process. The businesses are doing this by recording every step in real time, from gathering the raw materials to turning them into the finished goods. Customers will be able to learn more about the procedure being used as a result.

Some of the key players are: 

  • Supertek Scafform
  • XSF Xtreme Structures & Fabrication
  • Musson Theatrical, Inc.
  • Scaffco
  • ScaffoldMart
  • Thiel United BV.
  • Prajapati Tubes Pvt. Ltd.
  • Theatrixx Technologies, Inc.
  • HAKI AB
  • Doughty Engineering Ltd.

In order to increase their respective consumer bases, a number of major market participants in the global Swivel Couplers Market sector are now concentrating more on forming successful joint ventures, acquisitions, and/or collaborations. By being able to serve their given target bases both domestically and abroad, they stand to increase them.

Over the course of the forecast period, it is anticipated that this factor, along with promising developments from developing countries in the Asia-Pacific region like India, China, Taiwan, Indonesia, etc., will greatly increase the business opportunities for interested parties.

Key Segments Profiled In The Swivel Couplers Market Survey By Product Type: 

  • Pressed Swivel Couplers
  • Forged Swivel Couplers
  • Others

By Load Capacity:

  • upto 1100 lbs
  • 1100-2300 lbs
  • above 2300 lbs

By End Use:

  • Construction industry
  • Manufacturing & Fabrication industry
  • Water Works
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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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Slitting Machine Market Exhibiting A CAGR Of 3.2% During The Forecast Period: FMI

The size of the global slitting machine market, which was US$498 million in 2022, is expected to increase to US$682 million by 2032, with a CAGR of 3.2%.

The industry for flexible packaging has gradually expanded as a result of the use of more environmentally friendly packaging materials. This results in fewer demands for things like efficient transportation, reducing food waste, and water and energy use. As a result, the demand for slitting machines rises as the flexible packaging sector expands, fueling the expansion of the slitting machine market.

The slitter rewinder machines market saw taking off advancement in 2021 with generally livelihoods up 4.2% year over year. One more guess by FMI checks that slitter rewinder machines livelihoods will augment some place in the scope of 2022 and 2028 close by setting out a consistent opportunity of US$ ~334 Mn during the assessed period.

As of late let data out of slitter rewinder machines market examination shows that overall arrangements of the general spot winder slitter rewinder machines market is supposed to enroll a CAGR of 3.5% during 2022-2028 close by holding the market worth of US$ ~753 Mn around the completion of 2028.

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APEJ district is expected to stay the main locale for slitter rewinder machines market among different areas. APEJ is assessed to hold around 42% of the market esteem share toward the finish of 2028.

The slitter rewinder machines market comprise around 2% of the worldwide bundling hardware market worth US$ ~58 Bn in 2021.

Center-surface and Surface Winder Machines to Buckle-up

With more than 50% share of the total revenue of slitter rewinder machines market at present, the center winder type of slitter rewinder machines continues to dominate. Although low price point has been the key driver for sales growth of this type of slitter rewinder machines over the years, it is more likely that this segment will witness a sluggish growth in revenue over the next few years, says the report.

However, attributed to a relatively superior control over the tension created in rewinding material, surface winder and center-surface winder types of slitter rewinder machines are projected to gather ground at a rapid pace, according to the report.

High Speed Converting Applications to Gain Momentum

High speed rewinding is constantly witnessing growing demand, subsequently pushing the sales of slitter rewinder machines operating at above 800 m/min. This remains the top selling segment in the speed category of slitter rewinder machines landscape that currently accounts for over 40% share in the total market value.

Whereas, the report positions 601-800 m/min as the next popular segment in slitter rewinder machines market.

Sustainability Issues Associated with Plastic to Shape Adoption Patterns

As presented in the report, paper and plastic converting applications continue to cumulatively cover a whopping 94% share in the market value. However, applications in plastic and plastic-based material converting are witnessing a strong challenge for further growth owing to the ascending environmental concerns across the globe. Paper has been projected for a significant incremental opportunity, as highlighted in the report.

As the challenges associated with the use of plastic films and plastic-based materials are raising sustainability concerns to a great extent, the demand for slitter rewinder machines in plastic converting applications is stagnated.

As a result, the sales of center slitter rewinder machines are falling. However, it is conversely pushing prospects of surface winder machines and center-surface winder machines used predominantly in paper converting applications. A few other prominent applications include converting of technical films and a range of pressure sensitive materials.

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APEJ Continues to Reflect Hefty Investment Potential

With more than 35% of the total market value and a substantial incremental opportunity projection, APEJ remains the most lucrative region for penetration of slitter rewinder machines.

On the other side, North America and Western Europe hold a relatively similar share in the market value, representing the second highest performing regions in slitter rewinder machines marketplace.

Rampant expansion of plastic and packaging industries across developing Asian economies is prominently attributed to the growth of APEJ market for slitter rewinder machines.

Brisk growth in the demand for converting applications is identified to be a strong factor propelling the number of converting firms – thereby fueling the revenue growth of slitter rewinder machines market.

The flourishing paper industry in MEA is most likely to create lucrative deployment opportunities for manufacturers and suppliers of slitter rewinder machines in the region. The report indicates a moderate yearly revenue of MEA slitter rewinder machines market in and ahead of 2019.

Competitive Landscape

The key manufacturers operating in slitter rewinder machines market are trying to focus on expanding their production capacity by increasing the existing facility. Also, the players are developing and launching a new product under the slitter rewinder machines portfolio to cater for the increasing demand for packaging solutions.

  • In March 2021, the British company and one of the leader for manufacturing slitting technology Atlas Converting Equipment Ltd. becomes a member of Kampf Schneid- & Wickeltechnik GmbH & Co. KG as a part of the Jagenberg Group Industrial Solutions sector. Through this partnership both the companies are planning to provide future proof machines and high level slitting technology solutions for their global customers.
  • In January 2020, NISHIMURA MFG. CO., LTD. announced the launch of a new product under its slitter rewinder machines portfolio named Model FH154J.

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Slitter Rewinder Machines Market by Category

By Maximum Operating Speed:

  • Less than 300 m/min
  • 300 to 600 m/min
  • 601 to 800 m/min
  • Above 800 m/min

By Machine Type:

  • Center Winder
  • Surface Winder
  • Center-surface Winder

By Substrate:

  • Paper
  • Plastic
  • Metal
  • Textile

By Region:

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

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 Combi Boilers Is Anticipated To Reach US$ 40.17 Billion By 2032

During the forecast period of 2022–2032, the global market for combi boilers is anticipated to grow steadily at a CAGR of 5.2 percent. The market is anticipated to grow and reach a global market valuation of US$24.2 billion in 2022. The market for combi boilers is anticipated to grow to US$ 40.17 billion by 2032, taking into account the expanding demand on the global market.

A combination or ‘combi’ boiler is a compact appliance that combines a high-efficiency water heater and a heating boiler system. Combi boiler systems also necessitate less plumbing, lowering initial costs and the likelihood of a leaking pipe.

Combi boilers are preferred by around 72% of UK homeowners over traditional boilers because of their efficiency and compact form. Combi boilers are connected to the mains water supply and offer on-demand hot water. The market for combi boilers is expected to grow due to rising urbanization. Furthermore, population growth in the developing regions is rapid, with the urban population anticipated to rise from 3.85 billion today to 6.31 billion in 2050. Such factors will increase global demand for combi boilers.

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As a result, combi boilers are ideal for installation in a loft, or even a kitchen closet. Some designs may incorporate a tank, allowing for increased hot water flow rates. During the projection period, such advances will drive demand for combi boilers. In light of rising use of dependable and effective heating solutions, the condensing technology category is predicted to dominate the global market share in 2022. High operating efficiency, less environmental contamination, lower energy costs, and increased energy recovery are some key variables that will positively influence product demand.

Key Takeaways from the Market Study

  • In 2022, the global combi boiler market is estimated to have a global market size of US$ 24.2 Bn.
  • By fuel, the natural gas segment is expected to inhibit a 5.2% CAGR during the forecast period.
  • By technology, the condensing segment is projected to acquire a global market valuation of 82% in 2022.
  • The European market for combi boilers will grow with a 5.6% CAGR during 2022-2032.
  • The APAC combi boiler market is expected to grow with a 4.95% CAGR during the forecast period.
  • The North American region is projected to acquire 31% of the global market share in 2022.

“Simple design, substantial energy savings, compact size, enhanced efficiency, and dependable operation across a wide range of applications will drive industry demand, as will continuous expenditures in the installation of space heating technologies,” comments a Future Market Insights analyst.

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Competitive Landscape

The most important strategy being taken by the market’s leading players is the expansion of their product portfolio. At the moment, certain players are attempting to improve product quality by utilizing modern technologies such as IoT and AI. In addition, firms are using partnerships, mergers and acquisitions, and collaboration as significant methods to enter a new market.

  • Vaillant, a British combi boiler manufacturer, manufactures combination boilers with power ratings ranging from 24 to 38 kW. In their household line, they also make heating boilers ranging from 18 kW to 38 kW, as well as hot water storage units, solar systems, and heat pumps. Vaillant also offers a commercial line of wall-hung boilers with capacities ranging from 46 to 120 kW, as well as floor standing boilers.
  • Viessmann provides innovative heating systems for all fuel types and output levels of 1.5 to 20,000 kW. Because everything is supplied from a single source, their product line is divided into three categories (100, 200, and 300) and offers a suitable solution for every heating requirement or budget.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global combi boiler market, presenting historical analysis from 2016 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of fuel (natural gas, oil, others), by technology (condensing and non-condensing) and region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Key Segments Covered in the Combi Boiler Market Report

Combi Boiler Market by Fuel:

  • Natural Gas powered Combi Boiler
  • Oil Powered Combi Boiler
  • Combi Boilers powered by Other Fuels

Combi Boiler Market by Technology:

  • Condensing Combi Boilers
  • Non-Condensing Combi Boilers

Combi Boiler Market by Region:

  • North America Combi Boiler Market
  • Latin America Combi Boiler Market
  • Europe Combi Boiler Market
  • Asia Pacific Combi Boiler Market
  • Middle East & Africa Combi Boiler Market

Table of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. FMI Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Introduction and Definition

3. Market Background and Foundation Data Points

3.1. Need of the Hour for Industries

3.2. Combi Boiler – Strategic Priorities

3.3. Life Cycle Stage

4. Global Combi Boiler Market Demand (US$ Mn) Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Value (US$ Mn) Analysis, 2017-2021

4.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

TOC continued..!

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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