Chromatography Accessories and Consumables Market Is Likely To Register A Value CAGR Of 4.7% Between 2022-2032

As per the latest study published by Future Market Insights, the global chromatography accessories and consumables market is anticipated to grow at a CAGR of 4.7% during the forecast period between 2022 and 2032, in comparison to 5.2% CAGR registered from 2015 to 2021. By the end of the said period of assessment, a valuation worth US$ 6.3 Billion is expected for the market. The rising demand for quality and virtue of different synthetic concoctions and dynamic pharmaceutical fixings (APIs) is enhancing the market development of chromatography accessories and consumables market.

Different utilizations of chromatography procedures are crosswise over ventures, for example, pharmaceutical medication disclosure (pharma organizations, life science look into, CROs, and so on.), sustenance and drink, crime scene investigation, oil and gas, synthetic substances, sports, polymers, and drugs. Based on technology, liquid chromatography is likely to be most preferred.

Liquid chromatography is further segmented into high-pressure liquid chromatography (HPLC), ultra-pressure liquid chromatography (UPLC), low-pressure liquid chromatography (LPLC), flash chromatography, and other LC technologies. The large share of this segment can be attributed to the wide use of HPLC techniques and the growing demand for UPLC systems.

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Key Takeaways from the Market Study

  • Global chromatography accessories and consumables market to grow 1.6x from 2022-2032
  • Based on technology, liquid chromatography to emerge as a key beneficiary, registering a 4.3% CAGR
  • Column accessories and consumables to be most sought after product category, registering a 4% CAGR
  • S to emerge as the most opportunistic market, registering a CAGR worth 4.5% until 2032
  • China to be a significant contributor to market growth, reaching US$ 461.1 Million by 2032
  • Japan & South Korea to yield absolute $ opportunities worth US$ 122.5 Million and US$ 68.3 Million respectively

“Growing use of chromatography techniques for research activities in the fields of proteomics, medicine, genomics, and metabolomics and rising number of chromatography seminars and conferences that increase awareness regarding new chromatographic techniques are the high impact rendering drivers for the growth of the market,” remarks an FMI analyst.

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Competitive Landscape

Players in the global chromatography accessories and consumables market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

  • In January 2022, RotaChrom announced the launch of its long-term strategic partnership with leading cannabinoid manufacturer Red MesaScience & Refining. The companies will start by working on methods development, sharing, and perfecting their existing methodologies. Their first goal is creating new and profitable operations using RotaChrom’s centrifugal chromatography solution.
  • In May 2022, Sartorius, a leading international partner of life science research and the biopharmaceutical industry, extended its global production capacity with the expansion of its manufacturing site in Tunisia. Enabling the Germany-based company to increase the production of fluid management technologies, it invested more than 20 million euros for a new 10,000 square-meter building and corresponding operation equipment at its existing M’Hamdia location. The extension includes clean rooms totalling around 2,400 square meters with adjacent warehouse and logistics facilities, among others. Sartorius currently has almost 800 employees in M’Hamdia and anticipates job growth at the site in the future.

Know More about What the Chromatography Accessories and Consumables Market Repost Covers

Future Market Insights offers an unbiased analysis of the global chromatography accessories and consumables market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

To understand opportunities in the chromatography accessories and consumables Market, the market is segmented on the basis of component, endpoint interface, organization size, and vertical across five major regions.

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Key Segments of Chromatography Accessories and Consumables Industry Survey 

Chromatography Accessories and Consumables Market by Product Type:

  • Column Chromatography Accessories and Consumables
    • Pre-Packed Columns
    • Empty Columns
    • Heaters & Ovens
    • Guard Holders
    • Other Column Accessories and Consumables
  • Autosampler Chromatography Accessories and Consumables
    • Autosampler Syringes/Sample Needles
    • Vials
    • Septa
  • Chromatography Flow Management Accessories and Consumables
    • Flowmeters
    • Flow Splitters
    • Pumps
  • Chromatography Fittings and Tubing Accessories
    • Tubing
    • Ferrules and Nuts
    • Valves and Gauges
    • Liners and Seals
  • Chromatography Detectors
    • LC Detectors
    • GC Detectors
  • Mobile Phase Chromatography Accessories and Consumables
    • Mixers and Mixing Chambers
    • Degassers
    • Other Mobile Phase Accessories and Consumables
  • Mobile Phase Accessories and Consumables
    • Fraction Collectors
    • Pressure Regulators
    • Other Accessories and Consumables

Chromatography Accessories and Consumables Market by Technology:

  • Liquid Chromatography Accessories and Consumables
    • High-Pressure Liquid Chromatography
    • Ultra-Pressure Liquid Chromatography
    • Flash Chromatography
    • Low-Pressure Liquid Chromatography
    • Other LC Technologies
  • Gas Chromatography Accessories and Consumables
  • Other Chromatography Technology Accessories and Consumables

Chromatography Accessories and Consumables Market by End User:

  • Chromatography Accessories and Consumables for Hospital Laboratories
  • Chromatography Accessories and Consumables for Pharmaceutical & Biotechnology Industry
  • Chromatography Accessories and Consumables for Oil & Gas Industry
  • Chromatography Accessories and Consumables for Academic & Research Institutes
  • Chromatography Accessories and Consumables for Food & Beverages
  • Chromatography Accessories and Consumables for Hospitals & Clinics
  • Chromatography Accessories and Consumables for Environmental Agencies
  • Chromatography Accessories and Consumables for Other End Users

Chromatography Accessories and Consumables Market by Region:

  • North America Chromatography Accessories and Consumables Market
  • Latin America Chromatography Accessories and Consumables Market
  • Europe Chromatography Accessories and Consumables Market
  • Asia-Pacific Chromatography Accessories and Consumables Market
  • Middle East & Africa Chromatography Accessories and Consumables Market

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Sales Of Electric Hedge Trimmer Are Expected To Grow At A CAGR Of 5.6% Between 2022-2032

The global electric hedge trimmer market is expected to be worth US$ 476.6 million in 2022. Electric Hedge Trimmer sales are predicted to rise at a CAGR of 5.6 percent between 2022 and 2032, with a total value of US$ 819.7 million. Electric hedge trimmer use increased at a 3.1 percent value CAGR from 2016 to 2021.

Electric Hedge Trimmer, also known as shrub trimmer or bush trimmer, is widely utilized to trim extra hedges to maintain healthy lawns. The current technological advancement, such as the battery-operated Electric Hedge Trimmer, has encouraged more people to engage themselves in gardening.

Improvised features such as variable speeds, low-noise blade movement, improved blade sizes, Li-ion batteries and robustness of the new device are incorporated into Electric Hedge Trimmers in addition to increasing working efficiency and durability.

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Electric Hedge Trimmer Market: Dynamics

The key driving factor for the global Electric Hedge Trimmer Market is the growing interest and demand for gardening. The macroeconomic factor such as growing urbanization coupled with a change of consumer’s attitude towards landscaping, and an increase in awareness regarding tree plantation in many countries is further augmenting the growth for Electric Hedge Trimmer Market.

The significant increase in sales of gardening equipment owing to the rise in disposable income coupled with a growing interest in gardening is highly anticipated to drive the global Electric Electric Hedge Trimmer Market. Moreover, considerable growth in the Asian gardening equipment manufacturing industry and technological advancement in traditional Electric Hedge Trimmer will create a significant opportunity for the global Electric Hedge Trimmer Market.

Furthermore, the integration of inbuilt battery in the Electric Hedge Trimmer is highly anticipated to boost the demand for Electric Hedge Trimmer. As Electric Hedge Trimmer is designed to minimize the power consumption and provide ideal cut shape as per requirement, Electric Hedge Trimmer is gaining huge recognition across all regions.

All the above mentioned major influencing factors are highly anticipated to drive the global Electric Hedge Trimmer Market over the forecast period. The key restraining factor, such as high manufacturing cost and high power consumption factor may hinder the global Electric Hedge Trimmer Market growth over the forecast period.

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Electric Hedge Trimmer Market: Regional Outlook

The global Electric Hedge Trimmer Market is segmented into seven regions: North America, Latin America, Europe, CIS & Russia, Japan, APEJ (the Asia Pacific excluding Japan) and MEA. Among the above-mentioned countries, Europe is estimated to account for a significant market share due to growing interest among the population regarding gardening. North America is anticipated to witness a high growth in the global Electric Hedge Trimmer Market owing to its growing economy with a huge population base ready to spend on the gardening equipment.

Moreover, APEJ is projected to showcase optimistic growth in the global Electric Hedge Trimmer Market due to the rise in the landscaping activities in both commercial and residential sector along with a boost in the standard of living across the region. MEA is one of the key budding regions that will generate notable opportunity in the global Electric Hedge Trimmer Market over the forecast period due to the rise in per-capita expenditure on gardening equipment.

Electric Hedge Trimmer Market: Prominent players

Prominent players for the global Electric Hedge Trimmer Market are

  • American Honda Motor
  • ECHO
  • Husqvarna
  • Robert Bosch
  • STIHL
  • The Toro Company
  • Blount International
  • Emak
  • GreenWorks Tools
  • Makita
  • MTD
  • RYOBI
  • Stanley Black & Decker
  • Zhejiang Zomax Garden Machinery

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The Electric Hedge Trimmer Market consists of well-diversified global and regional players with the global vendors ruling the market. Regional players are finding it problematic to compete based on technology, quality and pricing. Conventional players can manufacture products, which can hamper their competitor’s presence in the Electric Hedge Trimmer Market. Consequently, the vendors must develop new technologies and be updated to preserve the competitive advantage in the Electric Hedge Trimmer Market.

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

  • Market Dynamics
  • Market Size
  • Market Segments
  • Demand & Supply Trends
  • Current Issues and Challenges
  • Companies and Competitor Landscape
  • Value Chain
  • Technology

Regional Segments Analyzed Include

  • 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, S. Africa, N. Africa)

Leading industry experts, and inputs from opinion leaders & industry participants around the value chain base compilation of authentic and first-hand intelligence, insights offered in the report on quantitative and qualitative assessment. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

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Highlights from the Report

  • Elaborated scenario of the parent market
  • Transformations in the market dynamics
  • Detailed segmentation of the target market
  • Historical, current and forecast market size based on value and volume
  • Latest industry developments and trends
  • Competition landscape
  • Strategies adopted by the market players and product developments made
  • Potential and niche segments, along with their regional analysis
  • Unbiased analysis on performance of the market
  • Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

Key Segments Profiled in the Electric Hedge Trimmer Industry Survey

Electric Hedge Trimmer Market by Application:

  • Electric Hedge Trimmers for Gardening
  • Electric Hedge Trimmers for Commercial Applications

Electric Hedge Trimmer Market by Blade Type:

  • Laser Cut Electric Hedge Trimmers
  • Diamond Ground Electric Hedge Trimmers

Electric Hedge Trimmer Market by Size of Hedge:

  • Small Electric Hedge Trimmers
  • Medium Electric Hedge Trimmers
  • Large Electric Hedge Trimmers

Electric Hedge Trimmer Market by Length of Blade:

  • Electric Hedge Trimmers upto 46 cm
  • Electric Hedge Trimmers from 47-56 cm
  • Electric Hedge Trimmers upto 57 cm or more

Electric Hedge Trimmer Market by Region:

  • North America Electric Hedge Trimmer Market
  • Latin America Electric Hedge Trimmer Market
  • Europe Electric Hedge Trimmer Market
  • Asia-Pacific Electric Hedge Trimmer Market
  • Japan Electric Hedge Trimmer Market
  • Middle East and Africa Electric Hedge Trimmer Market

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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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Global Water Turbine Market Is Likely To Rise To US$ 2.4 Billion In 2022, FMI

The water turbine market is expected to reach US$ 2.4 billion in 2022 and US$ 3.8 billion by 2032, with a CAGR of 4.7 percent from 2022 to 2032. The research study presented here is an excellent compilation of various types of analyses of important aspects of the Global Water Turbine Market. A devilishly researched analysis and Porter’s five forces analysis, provide a deep explanation of the strengths and weaknesses of the global Water Turbine market and the other players operating within it.

The authors of the report also provided qualitative and quantitative analysis of several microeconomic and macroeconomic factors affecting the Global Water Turbine Market. In addition, this study will help you understand changes in the industrial supply chain, manufacturing processes and costs, sales scenarios, and dynamics of the World Water Turbine Market.

A turbine is an engine that captures energy from fluid flow. Turbines consist of a moving part also known as the rotor assembly, which is a drum or a shaft with blades attached to it. The rotors are powered by water coming in contact with the blades, thereby forming rotational energy. Water turbines help in the generation of hydroelectric power by converting the kinetic energy of flowing water into mechanical energy with the help of the attached blades.

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Each player studied in the report is profiled, taking into account production, market value, sales, gross margin, market share, recent developments, and marketing and business strategies. In addition to providing extensive research on drivers, restraints, trends, and opportunities in the global Water Turbine market, the report provides individual and detailed analysis of critical regions such as North America, Europe, and the Asia-Pacific region. In addition, an important segment of the global Water Turbine market is studied in great detail, with a major focus on market share, PA, and other important factors.

The Major Players covered in Water Turbine Market:

  • GENERAL ELECTRIC
  • Wärtsilä
  • Alterra Power Corporation
  • Energy Development Corporation
  • Nautilus LLC
  • Canyon Industries, Inc
  • The James Leffel & Co
  • Toshiba India Pvt. Ltd.
  • Ram Power Corporation
  • Enel Spa
  • Sumitomo Corporation
  • Gilbert Gilkes & Gordon Ltd.
  • Calpine Corporation

Regional market analysis Water Turbine can be represented as follows:

This part of the report assesses key regional and country-level markets on the basis of market size by type and application, key players, and market forecast.

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The base of geography, the world market of, Water Turbine has segmented as follows:

  • North America includes the United States, Canada, and Mexico
  • Europe includes Germany, France, UK, Italy, Spain
  • South America includes Colombia, Argentina, Nigeria, and Chile
  • The Asia Pacific includes Japan, China, Korea, India, Saudi Arabia, and Southeast Asia

Water Turbine Market Report Scope

  • Industry Overview: The research study’s first section provides an overview of the global Water Turbine market, including its current state and future prospects, as well as its product offerings. It also covers the key segments of the worldwide Water Turbine market, such as the geography, type, and application segments.
  • Competitive Analysis: This study highlights significant mergers and acquisitions, business expansion, product or service differences, market concentration, competitive position, and market size by player in the global Water Turbine market.
  • Company Profiles and Key Data: This section profiles the top players in the global Water Turbine market based on the revenue, goods, business, and other factors mentioned above.

Market size by type and application: In addition to providing in-depth analysis of the global Water Turbine market size by type and application, this section provides research on top end-users or consumers and potential applications.

  • North American Market: This report describes changes in the size of the North American market by application and player.
  • European Market: This section of the report shows how the size of the European market will change over the next few years.

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China Market: It provides an analysis of the Chinese market and its size for all years of the forecast period.

  • Rest of the Asia-Pacific market: The rest of the Asia-Pacific market is analyzed in pretty detail here on the basis of applications and players.
  • Central and South American market: The report illustrates changes in the size of the Central and South American market by players and applications.

Middle East Africa Market: This section shows how the size of the Mea market changes over the course of the forecast period.

  • Market Dynamics: This report covers the drivers, restraints, challenges, trends, and opportunities of the global Water Turbine market. This section also includes Porter’s analysis of five forces.
  • Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global Water Turbine market.

Key Segments

By Design:

  • Impulse Turbine
  • Pelton Wheel
  • Turgo
  • Water Wheel
  • Jonval Turbine
  • Archimedes Screw
  • Reaction Turbine
  • Francis Turbine
  • Kaplan Turbine
  • Tyson Turbine
  • Gorglow Turbine

By Application:

  • Power Generation
  • Power Storage
  • Marine
  • Aeronautics

By Region:

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

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

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Echo Sounders Market An Expected Closing Value Worth US$ 412 Million During 2022-2032, FMI

The global echo sounders market is anticipated to be worth US$ 298 million by the end of 2022. During the forecast period of 2022 to 2032, the market is estimated to grow at aCAGR of 3.3 percent, with a closing value of US$ 412 million. During the historical period 2016-2021, the market increased at a 2.9 percent CAGR.

Single beam echo sounders offer a wide range of capabilities, including frequency agility to support current transducer installations, compatibility for tried-and-true thermal record printing, and modern PC screen-based interfaces. However, as multi-beam echo sounders have evolved, systems now have expanded capabilities with features such as pulse length, number of beams & coverage, and operating frequency, allowing them to be used in new areas.

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Echo sounders are a type of Sound Navigation and Ranging (SONAR) used to determine the depth of the water along with sound speed by recording the time intervals between emission and pulse return. After the disaster of the Titanic in 1912, Alexander Behm, the German physicist, discovered the technique of echo sounding to detect icebergs and measure the depth of the sea.

Furthermore, a dual-beam technique in the 1970s, permitting direct fish size in-situ through target strength estimation was invented, followed by the development of the first portable split-beam hydro acoustic system for better accuracy and less variable estimation. The global echo sounders market is estimated to grow at a significant CAGR during the forecast period owing to low power consumption, inexpensive tools, and innovations in product development.

Echo Sounders Market: Dynamics Drivers:

Single beam echo sounders provide an inexpensive seabed mapping tool when attached to a recording device and GPS which is expected to enhance the growth of global echo sounders market during the forecast period. Furthermore, technological advancements in multi-beam echo sounders are potentially making them a cost-effective system. Moreover, the requirement for compact systems with low power consumption in autonomous or remotely operated vehicles are expected to augment the echo sounders market over the forecast period.

Restraints:

The speed of sound is directly proportional to density of the water that can be affected by various factors such as turbidity, temperature of water sample, pressure and salinity, and consequently expected to hamper the growth of the global echo sounders market during the forecast period.

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Trends:

With the development of the multi-beam echo sounders systems for offering narrow bandwidths, there is further demand for complementary increase in the number of beams provided to retain full ensonification of the seabed. Furthermore, to provide better control over the application and distribution of soundings, progress in the provision of greater number of soundings has been allied for advancement in beam-forming technology.

Echo Sounders Market: Region-wise Outlook

North America is expected to dominate the global echo sounders market during the forecast period owing to stringent marine regulations and awareness among consumers for better operations. Furthermore, Europe is estimated to witness significant growth rate during the forecast period owing to growing military & defense applications in France, the U.K. and other parts, with growing adoption of advance technologies for better and accurate results. Moreover, Asia Pacific is expected to register substantial growth over the forecast period majorly due to countries such as China, India and ASEAN, which deals with import and export through shipments as their way of business. The Latin America and Middle East & Africa markets are estimated to enhance the growth of the global echo sounders market due to adoption of single as well as multi-beam echo sounders for better safety and results.

Echo Sounders Market: Participants

Examples of some of the market participants in the global echo sounders market are:

  • Kongsberg Maritime AS
  • Navico
  • Knudsen Engineering Ltd.
  • Teledyne Odom Hydrographic, Inc.
  • CEE HydroSystems
  • FURUNO ELECTRIC CO., LTD.
  • KAIZEN IMPERIAL
  • Fugro
  • Sonar Products Limited
  • Neptune Sonar Ltd

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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The report covers exhaustive analysis on:

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

Regional analysis includes

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

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.

Echo Sounders Market: Segmentation

The global echo sounders market can be segmented based on product type, application, usage and frequency range.

By Product Type, the global echo sounders market is segmented into:

  • Single beam echo sounder
  • Multi-beam echo sounder

By Application, the global echo sounders market is segmented into:

  • Fishing
  • Marine survey
  • Others

By Usage, the global echo sounders market is segmented into:

  • Fix
  • Portable

By Frequency Range, the global echo sounders market is segmented into:

  • Below 30 kHz
  • 30 to 100 kHz
  • Above 100 kHz

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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 10-years.

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Sales Of Submersible Pumps Are Expected To Increase At 5.1% CAGR By 2031 End, FMI

The overall submersible pumps market valuation is forecast to top US$ 14.45 Bn by 2031. Borewell submersible pumps will remain highly sought-after. Meanwhile, the sales of openwell submersible pumps will increase at a steady pace, exhibiting growth at a 5.7% CAGR in between 2021 and 2031.

Globally, sales in the submersible pumps market are set to be valued at US$ 978.5 Mn in 2021, with a stable long-term projection. According to the latest analysis by Future Market Insights (FMI), the submersible pumps market is poised to expand at a 5.1% CAGR over the forecast period 2021-2031.

The outbreak of the COVID-19 pandemic has, however, dampened sales of submersible pumps. Delivery chain disruptions and halted manufacturing sports in the oil and fuel sector resulted in stagnant demand for submersible pumps.

To increase sales, submersible pump manufacturers are focusing on launching high-value, high-performance products. Governments of developing economies in Africa and Asia, particularly in India, China, and South Africa, are increasing efforts to improve access to drinking water in rural and urban areas, which benefits the market.

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“Initiatives undertaken by governments for wastewater management and encouraging the use of technologically-driven equipment in the agricultural sector are expected to spur the demand for submersible pumps,” said Future Market Insights analyst.

Key Takeaways:

  • By product type, borewell submersible pumps are expected to account for half of the global market in terms of revenue by the end of the forecast period.
  • By head type, above 100 m pumps are expected to gain popularity over the forecast period owing to increasing demand for water distribution applications.
  • By Application, demand from the municipal sector is anticipated to grow at 5.5% CAGR over the forecast period.
  • East Asia has the leading share in terms of volume. However, Europe is projected to account for the highest value share. Industrialization in the emerging economies of Asia will increase the demand for submersible pumps over the forecast period.
  • China and Japan will continue spearheading growth in East Asia.

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Competitive Landscape

Some of the key submersible pump manufacturers include Kubota Corporation, Wacker Neuson Group,  Atlas Copco, ABKSB SE & Co. KGaA, Xylem Inc., Ebara Corporation, Grundfos, Sulzer AG, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd. Kirloskar Brothers Ltd., Flowserve Corporation.

The global submersible pumps market is fairly fragmented owing to the presence of several players across the globe. Moreover, the leading share in the market is accounted for by unorganized players which are estimated to be at around 50%-55%. Key market players are focusing on research and development to expand their product portfolio. Besides this, they are actively investing in mergers, acquisitions, and strategic collaborations to expand their global footprint.

About Us:

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

Contact:
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Demand From Various Industries Has Positioned The Expansion Valves Market To Surpass US$ 15.9 Bn In 2031, FMI

According to Future Market Insights (FMI), the expansion valves market will register 4.0% CAGR through 2021-2031 as demand grows in residential, automotive, commercial, and other sectors.

According to the most recent FMI research, global sales of expansion valves are expected to exceed US$ 10.7 billion in 2021, with a stable long-term forecast. The market is also expected to exceed US$ 15.9 billion by the end of 2031, according to the report.

According to Future Market Insights, one of the primary factors driving the expansion valve market is the increasing use of air conditioning in the automotive sector. Nowadays, every vehicle, particularly passenger vehicles, has an air conditioning system. This is the primary driving force in the expansion valves market.

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The expansion valves market observed moderate decline in its sales volume in FY2020 due COVID-19 pandemic. Demand from major end-use sectors like automotive, construction, and other waned, since distribution links between manufacturer and consumer were disturbed along with that operation in production facilities were stopped due to implementation of lockdown by governments. However in last quarter of 2020 the economies started recovering from the impact of the pandemic.

In the coming years, the demand for electronic expansion valves is expected to grow considerably. Electronic expansion valves are more convenient to use and are more energy efficient c, which makes them more popular among end users.

The growing requirement for air conditioning applications from automotive, commercial, residential, and industrial sectors is expected to propel the expansion valves market.

Key takeaways from expansion valves market study

  • By application, expansion valves application for air conditioning purposes are projected to hold over 60% volume share of the global market in 2021.
  • In terms of product type, the thermal expansion valves segment is set to hold over 69.1% of the market share by the end of forecast period.
  • East Asia will remain a primary market, backed by rising demand from the automotive & residential sectors. It is expected to account for over 36.6% of the demand registered in the global market in 2021.
  • By working pressure, demand for up to 30 bar segment of expansion valves is set to surge at CAGR of approximately 4.1% over the coming decade.
  • By installation, sales of expansion valves is expected to reach US$ 14.1 bn in 2031.

“The increase in per capita income and rising expenditure on advanced heating, ventilation, and air conditioning systems will fuel the demand for expansion valves,” says a Future Market Insights analyst.

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Who is winning?

The expansion valves market is moderately consolidated with key players accounting for around more than 50% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to emerson electric co, sanhua ,fujikoki corporation, otto egelhof gmbh & co. Kg, castel s.r.l., tgk co., ltd., keihin, carel industries s.p.a., danfoss group, parker-hannifin corporation, denso, hanon systems.

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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 10-years.

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Demand In The Global Crane Market Are Slated To Top US$ 43.9 Bn In 2022, Future Market Insights Inc.

In the current market scenario, rising number of construction projects in South East Asian and Latin American countries, and tie-ups with prominent sales channel partners and manufacturing entities for long-term supply, will drive the global crane market. Further, integration of smart solutions and automation in cranes are expected to enhance sales during the forecast period.

Strong customer relationships with dealers/distributors and other distribution channel stakeholders, reinforced by local market presence, have been at the forefront of the various policies and plans adopted by prominent players in the global crane market.

The global crane market was worth approximately US$ 43.9 billion in 2022, and it is expected to grow 1.5X by 2029.

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Insights Gathered from Crane Market Study

  • The integration of cranes with IoT is expected to allow key players to increase sales during the forecast period, especially through contracts from leading companies dealing in real estate buildings and commercial apartments.
  • Rising number of remote operations have boosted demand, and more customers are demanding high load capacity cranes.
  • Loader cranes find application in refineries and offshore oil droll platforms, and increase in the production capacity of crude oil across the globe (to cater to energy needs) will have a positive impact on the loader crane segment.
  • Lack of technological adoption in conventional cranes will act as a restraint, and manufacturers will have to adopt advanced automation solutions to sustain and enhance their market share.
  • China is estimated to hold a significant share in the global crane market, and is expected to drive market growth in the region, while growing at a CAGR of above 5% in terms of value from 2022 to 2029.

“Increasing demand for high capacity cranes and need for portability are propelling the sales of handheld cranes, mainly manufactured by leading players. Further, providing customer-specific products at attractive costs based upon individuals’ economic tier and spending capability is expected to drive the growth of the crane market in the coming years.

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Crane Market: Participant Insights

The crane market is largely fragmented, owing to a large number of established and large players. The report also provides details of some of the key players in the global crane market, such as Liebherr Group, XCMG Construction Machinery Co. Ltd, The Manitowoc Company, Texrex Corporation, Cargotec Oyj, Tadano Ltd., Zoomlion Heavy Industry Science & Technology Co., Ltd. Kobelco Ltd, and Kato, among others. Increasing investments in public and private sector construction projects are primarily responsible for driving the growth of the market.

Competitiveness in this landscape is growing stronger, and the adoption of new crane technology is superseding the cranes of yesteryears. With numerous updations, customizations, and innovations, end users can increase uptime, save on maintenance and energy costs, scale products with the business, and extend the life of their investments, all of which will play a significant role in the global crane market.

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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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Building Automation Systems Market To Grow At A Healthy 7.2% CAGR Over The Forecast Period 2031 End, FMI

The global building automation system market is expected to grow at a 7.8 percent CAGR during the forecast period. The increasing demand for energy-efficient facilities with enhanced security systems is driving the growth of the building automation system market. Furthermore, advances in wireless communication technologies have reduced the complexity and cost of installing building automation systems in existing structures.

According to a recent market survey conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the global building automation systems market will be worth $44.6 billion in 2021.

Rapid advancements in building automation systems, coupled with the emergence of connective technologies such as artificial intelligence, machine learning, and cloud computing will continue augmenting market growth during the forecast period. FMI projects the market to grow at a healthy 7.8% CAGR between 2021 to 2031.

After buckling the impacts of the unprecedented COVID-19 outbreak, the global building automation systems market experienced year-over-year growth by 7.0% between 2020 and 2021.

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Building automation systems allow machines and devices to communicate with one another in order to manage and streamline daily operations in the commercial, industrial, and residential sectors. BAS sales will continue to benefit from rising tenant demand for convenience and comfort in modern residential spaces.

Aside from that, the emergence of smart cities in a number of countries is increasing demand for building automation systems. These systems improve energy efficiency, water and gas supply, lighting, temperature control, and security and surveillance in both residential and commercial buildings.

“Government-backed initiatives to encourage the development of smart buildings, coupled with post-sales assistance and services offered by market players will positively shape the demand outlook in the building automation systems market,” says the FMI analyst.

Key Takeaways:

  • Building automation system services are estimated to dominate the product segment.
  • Sales of security and surveillance building automation systems will remain high through 2031.
  • Applications of building automation systems in commercial sector will continue gaining momentum.
  • The U.S. is expected to witness high demand for building automation systems, owing to expansions in the residential and commercial sector. FMI projects the North American market to grow at a positive 7.2% CAGR.
  • Growth prospects in the U.K. are projected to be bright, due to stringent government regulations regarding energy efficiency and conservation. The European building automation systems market is poised to expand at a 7.0% CAGR.
  • China will emerge as an attractive market, owing to government initiatives promoting the development of smart cities.
  • South Korea and Japan will collectively account for 7% of the total market share.

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Competitive Landscape

Honeywell International, Schneider Electric, Siemens AG, ABB, Johnson Controls, Plc, Delta Electronics, Inc., Eaton Corporation, Bosch Rexroth, Emerson, AVASGLO Group, Signellent Technologies (India) Pvt. Ltd., Comnatz Thailand Company Ltd, Deos AG, MCS Automation Technology Company Ltd., and Philips Lighting are some prominent players operating in the building automation systems market profiled by FMI.

As per FMI’s analysis, top 5 players in the building automation systems market comprise Siemens AG, Honeywell International, ABB, Schneider Electric, and Johnson Controls, plc, accounting for 44% of the total market share.

As per FMI’s in-depth regional analysis, the U.S. is anticipated to witness high demand for building automation systems during the assessment period. Growth in commercial sector, coupled with penetration of building automation systems in schools, universities, hospitals, and entertainment centers are estimated to fuel market growth through 2031.

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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 10-years.

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Demand For Industrial Battery Chargers Is Expected To Surge Across The End-Use Sectors By 2028

The global industrial battery chargers market is projected to witness growth at a CAGR of 8.5%, to create an absolute $ opportunity of more than US$ 2.25 Bn in 2022. The sales in industrial battery chargers are expected to exceed US$ 3.67 Bn by the end of 2028.

According to a recent market research intelligence presented by Future Market Insights, more than 1.3 million industrial battery chargers were sold in 2018. (FMI). According to the study, the procurement of industrial battery chargers will increase by more than 7% in 2022.

Rising new grid sales necessitate the deployment of secondary or rechargeable batteries for energy transmission and distribution, which strongly supports regional and local government subsidies for the procurement of energy systems based on alternative sources at low capital costs. According to FMI’s report, this will be critical in encouraging future sales of industrial battery chargers.

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As industrialization continues to generate ever-growing demand for energy storage, the industrial battery chargers are likely to witness heavy adoption. More than 35% of the global demand for industrial battery chargers is accounted by IT & data center, and energy & power industries, as indicated by FMI’s analysis.

  • SLA (sealed lead acid) batteries, representing a dominant market value share, will face strong competition from NiCd (Nickel-Cadmium) and plante batteries in coming years.
  • FCBC (float cum boost) and dual FCBC configurations are likely to emerge highly lucrative for industrial battery charger manufacturers.
  • Hybrid technology industrial battery chargers will reportedly emerge as the most attractive segment in industrial battery chargers market, within the next few years.

Favorable Government Initiatives to Accelerate Adoption of Industrial Battery Chargers

Increase in the energy distribution and transmission infrastructure backed by favorable governmental regulatory framework, and the flourishing trend of sustainability through non-conventional alternatives as energy sources are playing a vital role in establishing a strong adoption base for industrial battery chargers.

“The rate of industrial battery chargers’ procurement will significantly take off as electrification continues to receive strong governmental support. Mounting pace of the smart grid adoption across industries will remain another key factor encouraging preference for industrial battery chargers in the years to come,” says a senior market research professional at FMI.

Asian & European Economies to Lead in Industrial Battery Chargers Market

Chinese and Indian industrial sectors continue to generate substantial demand for industrial battery chargers for a plethora of energy solutions. This according to the report is prominently pushing growth of industrial battery chargers market in APEJ. According to the report, APEJ currently holds almost a fourth of the total revenue of industrial battery chargers market.

In the light of significant efforts taken by European governments in the popularization and adoption of sustainable energy alternatives, it is highly likely that the demand for industrial battery chargers will be notable in Europe, which currently accounts for just-under a fourth of the global demand.

Although European countries leading the way for the increasing usage of renewable energy, developing countries are expected to emerge as game changers, looking at the rapidly improving emission patterns.

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Vendor Insights: Key Companies to Remain Focused on Innovation in Terms of Efficiency

The industrial battery chargers market has been cited as a fairly consolidated competition landscape. In addition to high-efficiency, easy-to-use, and easy-to-install industrial battery chargers, the prominent companies in industrial battery charger market are focusing on their capabilities to cater to diverse specifications of a wide range of operational requirements.

Moreover, high compatibility with harsh environmental conditions has emerged as a lucrative trend among leading providers of industrial battery chargers, which could potentially offer them a competitive edge over others in the industrial battery charger market.

  • The UK’s Battery Service Hub (BSH) has been delivering industrial batteries, industrial battery chargers, and a range of charging solutions for an extensive range of equipment such as forklift trucks, EVs, access platforms, floor cleaning machines, and others. The company is expected to maintain the focus on delivering high-performance, efficient battery charging profiles. BSH is cited as an important player in the rental battery charging solutions landscape.
  • The US-based EnCharge Power Systems announced the introduction of remote monitoring solutions for industrial battery charging, which allow ready remote access to real-time data.
  • Storage Battery Systems, LLC (SBS) recently announced the partnership with Systems Sunlight S.A., over the soon-to-be-launched battery technologies. With an increasing number of novel, sustainable battery technologies introduced in market frequently, it is highly likely that the key players will augment R&D investments for innovation of new battery charging technologies.

Some of the major companies active in industrial battery charger market have been covered in FMI’s report, including ABB Ltd., Hitachi ltd, Exide Technologies, ENERSYS, Delta Q, Gs Yuasa International Ltd., AMETEK. Inc, Sevcon, Crown Battery Manufacturing Company, Lester Electrical, AEG Power Solutions, and Kirloskar Electric Company 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 6-years.

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High Speed Steel (HSS) Tools Market Will Rise At 5.9% CAGR By End 2031

As per Future Market Insights’ analysis, the high speed steel (HSS) tools market is projected to be valued at ~US$ 5.5 Bn in 2021, expanding at a CAGR of ~5.9% over the forecast period of 2021-2031. Industrial advancements across the globe and increasing investments in mechanical equipment are key factors fuelling the demand for HSS tools.

The unprecedented difficulties caused by the COVID-19 outbreak had a significant impact on the global economy. As a result, supply chain networks and manufacturing operations have been halted.

The HSS tools market experienced slow sales growth during the crisis. However, it is expected to recover sharply through 2021 as economic activity resumes after the pandemic has been contained.

Manufacturers are investing in research and development in order to launch advanced products with higher levels of durability and longer life cycles. These factors are expected to have a positive impact on the growth in demand for HSS tools during the assessment period.

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The HSS tools market is expected to keep recording a positive trajectory owing to an increasing demand across various manufacturing and production industries. Besides this, investments in machinery for Industrial sectors will guarantee growth through the forecast period.

Key Takeaways of the HSS Tools Market Study

  • Drills are projected to account for over 30% of the HSS tools sold through 2031 owing to strong demand from the metal cutting industry.
  • Coated fabrication accounts more than 67% of the market on the back of higher durability of end products.
  • Germany holds the lead in the Europe market accounting for a valuation of US$ 249.2 Mn in 2021 owing to the presence of key manufacturing and processing facilities.
  • The U.S. holds 86% of the overall North America market, supported by robust supply chains and access to updated technologies.
  • India will account for a valuation of US$ 287.3 Mn in 2021, driving the South Asia and Pacific market to surpass North America by the end of 2031.

From industrial equipment, heavy machinery, marine tools, to aerospace and national defense, the demand for HSS tools will increase across diverse industries. This growth will support by rapid improvements in manufacturing technologies and demand for improved quality of commodities,” says Future Market Insights analyst.

Who is Winning?

The HSS tools market is moderately fragmented, in which the leading players account for more than 50% of the market share. The penetration of small regional players makes this market more competitive.

These players have higher shares in the global market, and have longstanding relationships with a number of distributors and end users, giving them an upper hand among their peers.

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Key Players:

Some of the key players in the market are Sandvik AB, Mitsubishi Materials Corporation, OSG Corporation, Kennametal Inc., YG-1 Co., Ltd., TTI Group, Stanley Black & Decker, Inc, Tiangong International Co. Ltd., Sumitomo Electric Hartmetall GmbH, TDC Cutting Tools Inc., CERATIZIT S.A., KYOCERA Corporation, Gühring KG, Walter AG, RUKO GmbH, Tivoly SA, Alpen-Maykestag Gmbh, Izar Cutting Tools SaL, August Beck GmbH & Co. KG, Karnasch Tools, Krino Spa, Dürr AG, PT GmbH, Bohrcraft Werkzeuge GmbH & Co. KG, VÖLKEL Threading Solutions, PFERD GmbH & Co. KG, IMC International Metalworking Companies B.V., Allied Machine & Engineering Corp, Narex S.R.O. among others.

About Us:

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

Contact:
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