Market Research Blog – Page 11478 – New Product Development

Worldwide Bridge Bearings Market Is Projected To Reach Us$ 935 Mn By 2028: Future Market Insights Inc.

The presence of numerous global as well as regional players has led to widespread fragmentation in the global bridge bearings market. With increasing adoption of bridge bearings in the global construction sector, players in the market are focussing on strengthening their base in the early stages of product development.

A new report from leading research firm Future Market Insights examines the global bridge bearings market’s growth trajectory over a six-year period, from 2022 to 2028, and sheds light on the current market structure and key strategies employed by the leading market players.

According to the research, revenue from bridge bearing sales is expected to reach US$ 935.0 Mn by the end of 2028, up from an estimated US$ 586.2 Mn by the end of 2022, registering a CAGR of 4.8 percent over the forecasted 10-year period 2022–2028.

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Future Market Insights’ Recommendations for Market Players

The report reveals that China is currently the most prominent regional market for bridge bearings. Growth in the production of steel in China has led to increasing demand for bridge bearings and this demand is anticipated to remain on an upward swing in the coming decade.

Increasing investments in transportation infrastructure in the countries of Latin America and Middle East & Africa is further expected to lead to a surge in sales of bridge bearings in these two regional markets. With manufacturers of bridge bearings looking to expand strategically across key regional markets, Future Market Insights recommends key players to pump in investments in the developing markets of China, MEA, and Latin America.

Mergers and acquisitions are a key strategy adopted by market players, and according to Future Market Insights’ analysis, M&A activities in developing markets will help manufacturers of bridge bearings expand their product offerings.

Boost in Governmental Investments Towards Global Infrastructure Projects and Growth in Construction Activities to Create Lucrative Opportunities for Manufacturers of Bridge Bearings

Rapid urbanisation at the global level has led to a burgeoning expansion of the construction sector across the world. Governments of both developing and developed economies are greenlighting multiple construction and infrastructural projects to strengthen commercial and transportation infrastructure development. This is anticipated to boost global demand for bridge bearings in the construction sector.

Further, a growing demand among the population in China, Europe, U.S, and the Middle East for amusement parks, luxury sports venues, and other leisure activity establishments is fuelling revenue growth of the bridge bearings market. Manufacturers of bridge bearings will witness sustained growth in future if they leverage the numerous opportunities created in the global market and enhance their product portfolio.

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Emergence of Global Bridge Preservation Partnerships and Increasing Use of Neoprene Elastomeric Bridge Bearings Trending the Bridge Bearings Market

One of the trends observed in the bridge bearings market is the emergence of several partnerships at the global level to maintain the integrity of existing as well as new bridges. The main objective of these collaborations is to reduce/delay/prevent deterioration of bridges, restore the core functionalities, and maintain the bridge structure in good condition to ensure enhanced performance spanning several years.

The American Association of State Highway and Transportation Officials (AASHTO) is involved in the R&D of advanced tools and methodologies to extend bridge life through preservation treatments and construction best practices. This association further promotes the use of seismic force resistant products such as bridge bearings in the U.S. The Europe based National Cooperative Highway Research Program – in partnership with the AASHTO – focuses on bridge evaluation and the necessary quality control checks.

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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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Demand For Air Separation Plants In The Chemical Sector Will Remain The Highest With The Industry Accounting For Over 20% Market Share By 2028 End

The global air separation plant market enjoys a valuation of US$ 5.9 Bn, and projected to expand at a CAGR of 5% to attain a net worth of US$ 7.9 Bn by the end of 2028. Strong demand for air separation plants in the healthcare industry is expected to be a prominent trend favoring overall market growth across regions.

The global market for air separation plants will reach a valuation of US$ 7,891.1 Mn by 2028, growing at a steady CAGR of 4.9 percent, with China holding the majority of the global market share in the coming decade.

Furthermore, many industrial activities are shifting toward high purity gases, which is boosting innovation in the air separation plant market. Chemical properties such as reactivity and physical properties such as density, boiling point, and vapour pressure make these gases suitable for use in a variety of industries—they are known as fuel gases, medical gases, refrigerant gases, or specialty gases depending on the industry.

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An Overview of the Global Air Separation Plant Market

A large share of the market revenue is likely to be generated by the chemical, iron and steel, healthcare, and food and beverages industries. Air separation plants are used for separating atmospheric air into industrial gases—including nitrogen, oxygen, argon, and other inert gases. Increasing demand for such industrial gases will create opportunities for the air separation plant market to grow in the coming years.

Growing emphasis on gas packaging, rapid refrigeration, and freezing technologies in the food and beverages industry is fuelling the demand for liquid nitrogen freezing. Several air separation plant manufacturers are specifically launching units for gas-related products in the food industry. Additionally, demand for medical gases and equipment like infusion pumps and continuous positive airway pressure (CPAP) devices in hospitals and private homes, will ramp up the investments in air separation plants market in the coming years.

Growing Demand for Pure Gases Augmenting Adoption of On-site Air Separation Plants

In lieu of growing demand for on-site gas generation for environmental-friendly operations, key players in the air separation plant market are catering to diverse needs of several industries looking for volume and purity, with customizable on-site production solutions. On-site air separation plant enhances energy efficiency, boosts product quality, and increases throughput. Modular configuration, designed with backup systems, and easy installation and integration are some factors pushing the adoption of on-site air separation plant technologies—offering highly reliable source of energy.

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Customized Solutions, M&A, and Divestments: Key Strategies Driving the Global Air Separation Plant Market

Top players operating in the global air separation plant market are focussing on strategic mergers and acquisitions to expand their businesses in regions with high industrial growth. Manufacturers are also empowering end-users with innovations and digitization in air separation plants for increased operator comfort and protection. In order to meet specific customer demands in terms of gas volume and purity, market players are customizing air separation plants. For instance, Linde AG serves a major share of customers looking for customized solution owing to their worldwide presence and vast experience in engineering and operation of customized air separation plants.

However, factors such as high capital costs associated with setting up of air separation units and cyclical fluctuations in end-user markets could negatively impact the growth of air separation plants market, in terms of market volume. Mature markets of Japan are likely to reduce air separation plants deployments in the coming years.

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Bulk Material Handling System Market Rising Concern regarding Waste Management to Boost Sales

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

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

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Key Takeaways of Bulk Material Handling Systems Market Study

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

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

Bulk Material Handling Systems: Competition Scenario

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

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Brief Synopsis

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

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

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

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Glass Tempering System Market Expanding With A CAGR Of 3.7% Over The Forecast Period By 2027 End

Growth in the global glass tempering system market can be attributed to huge investments in R&D, increasing use of hybrid guide plates, solar control glazing for automotive and building glasses, growing use of lightweight glazing glass, and increasing usage of advanced nanotechnology in glass manufacturing.

According to this report, the key regions for glass tempering system market participants are North America and APEJ. The global glass tempering system market is expected to grow significantly during the forecast period, expanding at a CAGR of 3.7 percent.

The United States is investing in tempering activities in North America, creating enormous opportunities for glass tempering system manufacturers. Product development and long-term relationships with tempered glass OEMs are also essential for success in this market. The global market for glass tempering system is expected to be valued at US$ 94.5 Mn by 2017 end and is estimated to reach US$ 135.6 Mn by 2027 end.

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Glass Tempering System Market: Global Industry Analysis (2012-2016) And Opportunity Assessment (2017-2027)” is a new report of Future Market Insights that tracks the performance of the market for the projected period of 10 years i.e. between 2017 and 2027.

Global Glass Tempering System Market: Drivers

Shift towards renewable solar energy will accelerate the growth of the market
Improving construction sector especially in Latin America is fuelling the growth of the global market
Construction of energy efficient buildings and renovation of existing infrastructure is another key market driver

Global Glass Tempering System Market: Forecast by Tempering Technology

On the basis of tempering technology, the global glass tempering system market is segmented into controlled heating and quenching equipment and chemical treatment. Controlled heating and quenching equipment is further segmented into standard configuration and advanced configuration. In terms of value, the controlled heating and quenching equipment segment is anticipated to be valued at US$ 89.0 Mn by 2017 end, which is estimated to grow at a CAGR of 3.7% and reach a value of US$ 127.8 Mn by the end of 2027.

Global Glass Tempering System Market: Forecast by Application

The application segment consists of flat, bent and combined flat and bent segments. Flat segment is further segmented into continuous and oscillating segments. Oscillating type segment is expected to emerge as the most attractive segment by application over the forecast period. Combined flat and bent segment is anticipated to create incremental $ opportunity worth US$ 4.2 Mn over the forecast period.

Global Glass Tempering System Market: Forecast by End Use

By end use the market is categorized into automotive windows, architectural, electronics, solar applications and others. Architectural segment is sub-segmented into windows and doors, mirror and partitions and furniture, while electronics segment is sub-segmented into smartphone and appliances. The solar applications segment is estimated to reach US$ 1.6 Mn in 2027 from US$ 1.3 Mn in 2017. The segment is estimated to grow at a CAGR of 2.4% during the forecast period.

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Global Glass Tempering System Market: Forecast by Region

Seven regions have been covered in this report and they are North America, Latin America, APEJ, Eastern Europe, Western Europe, Japan and MEA. China is expected to remain a strong market for glass tempering systems. Most of the APEJ, Eastern Europe, and Latin America buyers import glass tempering lines from China with standard configuration, due to investment constraints. North America is also projected to hold a significant share of the global glass tempering system market over the forecast period.

Global Glass Tempering System Market: Key Vendors

Glaston OYJ Abp, Luoyang Landglass Technology Co. Ltd., LiSEC Austria GmbH, Luoyang North Glass Technology Co., Ltd., Glasstech Industries (India) Private Limited, Keraglass Industries Srl, CoolTemper Ltd., HHH Tempering Resources Inc., Ratnesh International, North East Machines, Meta Therm Furnace Pvt. Ltd., Mappi International, EFCO, Saint-Gobain S.A., IGE Glass Technologies, Inc., Lambert GT Services Ltd. are some of the glass tempering system market companies profiled in the report.

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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.

Future Outlook for Marine Radar Market in Comparison to Historical Growth Pattern By End Of 2031

Future Market Insights (FMI) in a new study has presented optimistic outlook for the marine radar market, especially with the advent of next generation solid state radars. The demand is expected to remain consistent through the forecast period, enabling the market register Y-o-Y growth at little above 2% in 2021.

Marine radar is a device that sends out small bursts of electromagnetic waves when the waves are received back, helping to identify a range, angle, or speed of targets. According to FMI, X-Band radar has a significant market share. It is also used in a variety of applications such as merchant marine, fishing vessels, yachts/recreational, and military/naval.

Technology advancement and rising demand for advanced intrusion detection systems are driving market expansion. According to FMI, the market’s valuation will reach US$ 971 Mn by the end of 2031.

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Key Takeaways of Marine Radar Market Study

The global marine radar market is projected to expand at a CAGR of ~2.4% by during the forecast period of 2021-2031
The U.S. will remain a key pocket for sales, accounting for over 90% of the North America Market based on value in 2021
Slump in growth is likely in the U.K. following the pandemic outbreak in 2020. FMI projects the market to record -0.5% Y-o-Y growth in 2021. However, recovery is on cards 2022 onwards
Germany will remain a bright spot for sales in Europe, while negative growth is likely in France as well
After sluggish return in 2020, sales in both Japan and South Korea market are likely to improve

“With the increase of naval fleet and quantum of capital investments for navigation and communication systems across regional defence sectors at a healthy rate, the demand of marine radar is expected to be buoyed in wake of the mentioned factor. Furthermore, market is also expected to evolve towards maintenance & services domain for the market participants to extend their business footprint.” says a FMI analyst.

The demand for Marine Radar is expected to grow at moderate rate owing to its increasing consumption in Merchant Marine application. Military Naval is the segment is expected to grow during the forecast period with fastest CAGR. Naval sector plays an important role in structuring command on the marine radar market. China and India are the major target locations for supply of Marine Radar for manufacturers.

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Who is Winning?

The global marine radar market is equally integrated at global and regional levels. Some of the leading players included in the report are FURUNO ELECTRIC CO., LTD., Northrop Grumman Corporation, Lockheed Martin Corporation, Saab AB, Japan Radio Co. Ltd., BAE Systems, JRC (Alphatron Marine), and Garmin, Raytheon Company, Wärtsilä SAM Electronics Gmbh, Transas Marine International AB and others. To gain competitive advantage in the market, market participants are involved in acquisition activities expansion, merger, and expansion with regards to excessive market growth.

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Future Market Insights has released a Marine Radar market research report providing the 2016-2020 global industry analysis and the 2021-2031 opportunity assessment. The report provides an in-depth analysis of the Marine Radar Market across various segments, namely the type, application and region of the product. The Marine Radar Market study, along with an overview of the parent market, also provides supply and demand trends.

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Global Chilled Beam System Sales Are Forecast To Reach 175,000 Units By End 2031

According to FMI, the global chilled beam systems market will be worth US$ 308.5 million in 2021. Because of the increasing adoption of chilled beams systems in healthcare facilities, corporate offices, and universities across various countries, the market is expected to grow at a steady pace, with a 5.5 percent CAGR.

Smart cities, healthcare facilities, and residential and commercial space renovation are also expected to drive market growth in emerging economies like India, China, Mexico, and Brazil.

In 2020, chilled beam systems market experienced decelerating sales due to the COVID-19 outbreak. However, FMI projects a positive demand outlook as the market experienced year-over-year growth at 3.9% between 2020-2021 with sales projected to reach 175’000 units during the forecast period.

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As per FMI’s regional market survey, the U.S. is anticipated to dominate the North America chilled beam systems market. Being a relatively new ventilation concept, adoption of chilled beam systems is expected to grow at a steady pace. Apart from this, expansion of residential, corporate, and healthcare infrastructure will continue spurring demand for chilled beam systems in the U.S.

“Growing demand for energy-efficient solutions in construction projects, coupled with advanced after-sales services offered by chilled beam system market players, will create attractive prospects for the expansion of the global chilled beam systems market,” says the FMI analyst.

KEY TAKEAWAYS:

Based on product type, concealed chilled beam systems are projected to dominate the segment.
In terms of design, sales of standard chilled beam systems are anticipated to remain high through 2031.
Corporate offices will account for maximum applications of chilled beam systems in the forthcoming years.
The U.S. is anticipated to lead the chilled beam systems market due to growing demand for energy-efficient ventilation solutions in the country. FMI projects the North America chilled beam systems market to grow at a 5.6% CAGR.
The U.K. is expected to exhibit high demand for chilled beam systems, owing to rapid expansion in the hospitality and education sectors. The European chilled beam systems market is projected to expand at a 5.3% CAGR.
Being one of the key exporters and producers of chilled beam systems, Germany will emerge as a lucrative market during the forecast period.
Rapid development of smart cities and increasing adoption of modern cooling systems in India will place it as an attractive market through 2031.
South Korea and Japan will collectively account for 9% of the total market share.

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Compititive Landscape:

As per FMI’s market analysis, top 5 players operating in the chilled beam systems market comprise SAS International Limited, Lindab International AB, Halton Group, Trox GmbH, and Caverion Corporation, holding 58.5% of the total market share.

Prominent players operating in the chilled beam systems market are emphasizing strategic collaborations and partnerships to expand their global footprint. Apart from this, product portfolio expansion and robust aftersales services will remain key growth strategies among leading players. For instance:

In August 2021, Johnson Controls, a global leader in smart and sustainable building solutions, announced a strategic collaboration with Apollo Global Management, a leading global asset manager, to provide sustainable and energy-efficient solutions various sectors to address decarbonization and high operational costs in buildings.
In July 2021, Caverion Corporation acquired GTS Immobilien GmBH, a leading building automation service provider in Austria. Through this acquisition, Caverion is aiming to strengthen its market position in smart technologies and building automation solutions for diverse end-uses.

More Insights into the Chilled Beam Systems Market Report

In its latest report, FMI offers an unbiased analysis of the global chilled beam systems market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product type (concealed, exposed, and recessed), design type (standard and customized), end-user type (educational institutions, healthcare facilities, hotels/restaurants, and other institutions including military, residential and industrial), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Automotive Diagnostic Scan Tools Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2032

Automotive Diagnostic Scan Tools Market Overview

The electrification of automotive components is increasing rapidly as the consumers’ preference is shifting from manual functions to sophisticated automated systems. Such technological changes are increasingly demanding for tools which can detect the problem or the malfunctioning of electronic system used in cars with ease. Automotive diagnostic scan tool are set of electronic devices and software which are used to interface with diagnose systems. Automotive diagnostic tools are also used to reprogram and upgrade the vehicle control modules. Nowadays, number of companies are engage in manufacturing of diagnostic scan tools with multifunctional capabilities which can read from simple codes to highly complex codes while performing powertrain, chassis and body diagnostics. Automotive diagnostic scan tools are widely used in vehicle service station for all types of vehicles ranging from passenger vehicle car to heavy commercial vehicle to agriculture vehicles.

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Automotive Diagnostic Scan Tools Market: Drivers & Restraints

Global automotive diagnostic scan tools market value represent significant growth in upcoming years as a result of increasing number of vehicle in operations worldwide. Additionally, increasing electrification of vehicles is fuelling demand for diagnostic systems. Implementation of new communication technology within the automotive diagnostic scan tool is expected to grow demand for diagnostic scan software as well. Growing number of service station, increasing awareness about the sophisticated technology along with the other macroeconomic factors are expected to contribute in the growth of the automotive diagnostic tools market. However, increased complexity of automotive electronic system architecture is expected to be the major challenge for the growth of the global automotive diagnostic scan tool market.

Automotive Diagnostic Scan Tools Market: Segmentation

Global automotive diagnostic scan tools market is segmented on the basis of geography and product type. The product type segment of the automotive diagnostic scan tools market is further segmented into diagnostic scan equipment and diagnostic scan software. The automotive diagnostic scan tool is the predominant segment of the global automotive diagnostic scan tools market which is expected to maintain the largest share during the forecast period 2015 to 2025.

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Automotive Diagnostic Scan Tools Market: Overview

The automotive diagnostic scan tools market is expected to grow with CAGR of 6% to 8% over the forecast period 2015 to 2025 as impact of various factors such as increasing vehicle in operation, growing number of vehicle service stations, etc.

Automotive Diagnostic Scan Tools Market: Region-wise Outlook

The global automotive diagnostic system market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa. As of 2014, North America dominated the market followed by Europe, Asia-Pacific and Japan respectively. As per the growth rate the North America dominates the market followed by Europe Asia Pacific and Japan.

Automotive Diagnostic Scan Tools Market: Key Players

Acquisitions and mergers are key strategies adopted by major companies to expand their geographical presence and market share. Some of the key market players in global automotive diagnostic scan tool markets are Denso Corp., Snap-On Inc., SPX Corp., Softing AG, Actia Group SA, Avl List GmbH, Dg Technologies, Dsa Daten- Und Systemtechnik GmbH, Etas GmbH, General Technologies Corp, Hickok Inc., Bosch Automotive Service Solutions, Inc.

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Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Water Treatment Systems Market Growing At A CAGR Of Around 9.2% Throughout The Forecast Period By 2029, Future Market Insights Inc.

The global water treatment market is projected to grow 6% in 2019 and reach a total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as per the recent report published by Future Market Insights.

Growth in the global water treatment market is expected to be driven by increased demand for potable water, changing government regulations, and increased awareness of the negative impact of untreated water.

Several key drivers are expected to fuel the growth of the global water treatment market during the forecast period, according to the report. Growing awareness of the dangers of impure water consumption, a steady increase in demand for fresh water, the adoption of water treatment systems, and demand for quality water from the domestic and industrial sectors are among the notable driving forces.

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The increase in the adoption of new technologies along with focus on R&D will play an instrumental role in shaping the overall growth of the water treatment market in 2019 and the coming years. Further, established players operating in the water treatment market are likely to increase investments in R&D activities, focus on the development of innovative water treatment systems, and offer cost-effective solutions.

In addition, existing players pushing for product innovation, collaborations with EPC companies and local municipalities, development of patented technologies and high capacity treatment systems are likely to gain a competitive edge in the current industry landscape.

East Asia Emerges as a Promising Region for Market Growth

In the current scenario, North America and MEA are expected to dominate the global water treatment market in terms of market share. However, the report suggests that the market in East Asia will witness a commendable growth through the forecast period 2019-2029. Currently, the market value of the water treatment market in East Asia is ~ US$ 10,065.6 million and expected to reach US$ 24,376.9 million by the end of 2029 growing at a CAGR of around 9.2% throughout the forecast period. The growth is projected to be primarily driven by focus on enhancing water quality and striking a balance between the demand and supply ratio.

Furthermore, the economies of East Asian countries such as China, South Korea, and Japan have shown a steady growth in recent years. Macro-economic parameters including rapid urbanization, growing population, and positive investment patterns have boosted investments in the housing and municipality projects in the region. Other factors such as lack of quality water treatment infrastructure and growing water scarcity have led to a noteworthy increase in the spending to upgrade water treatment facilities in the region.

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Evolving Government Regulations Expected to Shape the Future of Water Treatment

According to the FMI analyst, “The growing demand and focus on chemical-free water has certainly opened up new opportunities for the existing market players. Further, the demand for environment-friendly water will lead to an increase in process water treatment systems in the forecast period.”

According to the FMI report, in the current scenario, the high demand for chemical-free water is projected to be a key driver of the global water treatment market. Government regulations revolving around water treatment policies are expected to focus on the impact of untreated water on the environment. The evolving government regulations has encouraged market players to focus on the development of eco-friendly water with innovation and adoption of new technologies.

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Automotive Energy Recovery Systems Market Report Covers Detailed Industry Scope, Future Scenario and Elaborates Outlook to 2032

Vehicles create energy while executing various functions. The energy generated by the vehicles can be used for providing additional power to the engine and other vehicle parts. The vehicle converts 25-30% of its fuel energy to move the vehicle, and the rest of the energy is wasted through the radiator and engine exhaust. To convert the heat extracted from hot exhaust gases into electrical power, exhaust energy recovery system is used.

Automotive energy recovery systems increase the energy optimization of the vehicle. For instance, the regenerative braking system uses electric motor to generate electricity by utilizing the kinetic energy. In the process, regenerative braking system devices convert kinetic energy to electrical energy to reduce the vehicle speed, electrochemical battery or a flywheel are used to store the energy stored through regenerative braking. The stored energy is reused for various vehicle functionalities.

To recover the energy, the kinetic energy recovery system is used. The energy can be recovered from the kinetic energy generated after the brakes are applied to the moving vehicle, and this energy can be stored using a flywheel and battery. The recovered energy can be used later, during the vehicle acceleration.

Automotive energy recovery systems are seeing the traction in the market, due to the operational advantages it provides to the vehicle and customer.

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Automotive Energy Recovery Market: Drivers and Challenges

Globally, in last 5-10 years, the fuel prices have grown by approximately 4-9% on the year on year basis. Original equipment manufacturers of automotive are promoting their products by boasting the fuel efficient quotient. Globally, the preferences of the customers are changing, and these days fuel efficient and improved performance vehicles are preferred by the customers. Due to this, there is a growing demand for automotive energy recovery systems. Globally, the governments of many countries like U.S.A. and Canada have implemented stringent government emission regulations, and this is also fuelling the demand for automotive energy recovery systems.

Currently, there is a lack of awareness in emerging economies about automotive energy recovery systems, which is inhibiting the growth of the market. High cost associated with automotive energy recovery systems is also inhibiting the growth of the global automotive energy recovery market.

Automotive Energy Recovery Market: Overview

The global automotive energy recovery system market by volume is expected to expand at a CAGR of around 7-9% during the forecast period (2016-2025), due to stringent government emission regulations and growing demand for fuel efficient vehicles.

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Automotive Energy Recovery Market: Region-wise Outlook

The global automotive energy recovery market is expected to register a single-digit CAGR for the forecast period. Depending on geographic regions, global automotive energy recovery market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.In terms of market revenue, Western Europe and North America automotive energy recovery market is projected to register a significant CAGR during the forecast period. Slow but stable economic growth, growing automotive industry, stringent government emission norms, changing consumer preferences, relatively high awareness regarding automotive energy recovery systems, innovative and advanced technologies are some of the factors which are fuelling the growth of automotive energy recovery market in North America and Western Europe. Both the regions are projected to register a single digit growth rate during the forecast period.

Automotive Energy Recovery Market: Key Players

Some of the key market participants in global automotive energy recovery market are Continental AG, Robert Bosch GmgH, Denso Corporation, Tenneco, GenTherm, and TRW. In future the popularity of automotive energy recovery system is used for reduction of greenhouse gases and powertrain optimization.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, by waste heat recovery system, by passenger vehicles, regenerative braking system and by product types.

The report covers exhaustive analysis on:

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

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Regional analysis includes

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

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.

Automotive Energy Recovery Market: Segmentation

The global automotive energy recovery market can be segmented on the basis of regenerative braking system, by passenger car, by waste heat recovery system and by regions

The global automotive energy recovery system market is segmented as:

Regenerative Braking System

Based on passenger vehicles, the global automotive energy recovery market is segmented as:

Electric Vehicles
Hybrid Vehicles
Plug-in Hybrid Electric Vehicles

Based on waste heat recovery system, the global automotive energy recovery market is segmented as:

EGR
Turbochargers

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

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Demand For Fire Extinguishers Is Projected To Surge With A Projected CAGR Of 5.4% By Sales In Volume End Of 2031

As per a Future Market Insights’ (FMI) analysis, the fire extinguisher market is projected to be valued at over ~US$ 3.6 Bn in 2021, expanding at a CAGR of ~5.7% over the forecast period of 2021-2031.

Increased industrial and commercial sector applications of fire extinguishers, along with the implementation of stringent regulations and building codes, are expected to drive demand over the forecast period.

The ongoing COVID-19 pandemic crisis, on the other hand, has had a significant impact on the global economy. As a result, supply chain networks and manufacturing operations have been completely shut down. This has also harmed the overall operations of the fire extinguisher market.

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The market is however expected to witness lucrative opportunities during the forecast period owing to increasing demand from commercial and industrial sectors. New unit sales and replacement/retrofit jobs will contribute to growth.

Increasing regulations for building design codes in the residential sector will also generate gains in the coming decade. Moreover, manufacturers are investing in R&D activities to offer innovative and technologically advanced product offerings. These factors are expected to positively influence the growth in demand for fire extinguishers during the forecast period.

Key Takeaways of the Fire Extinguisher Market Study

Carbon dioxide extinguishers will account for the leading market share of over 30%, on the back of easy access to raw materials and efficacy in fire control.
Dry chemical fire extinguishers are increasingly adopted, due to their superior efficiency in draught-free conditions.
Germany will emerge as a key market for fire extinguishers on the back of the implementation of stringent codes for ensuring better safety in buildings.
The U.S. dominates the North American market, accounting for over 80% of sales in the region.
China will lead the East Asia market, exhibiting a growth rate of over 6.5% CAGR through the assessment period.

“With the ever-evolving requirements of the global construction industry, demand for fire safety equipment has grown rapidly. Fire extinguishers in particular, have been at the center of these developments in terms of economically feasible solutions. Innovative product offerings have been important for manufacturers to gain competitive benefits,” says an analyst of Future Market Insights.

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Competitive Landscape

The fire extinguisher market is highly fragmented. The penetration of local and regional players makes this market highly competitive. Companies operating in the market are trying various strategies to gain a competitive edge while maintaining their longstanding relationships with several equipment distributors and end-users.

Some of the key players in the market include but are not limited to Kidde, AMEREX CORPORATION, Hochiki Corporation, NAFFCO FZCO, DESAUTEL SAS, HATSUTA SEISAKUSHO Co. Ltd, Yamato Protec Corporation among others.

Find More Valuable Insights

The research report analyzes the market demand trends of the fire extinguisher market. The global market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of fire extinguishers. As per Future Market Insights’ research scope, the fire extinguisher market has been studied and segmented based on pipe size, application, construction material and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market on both, the supply side and demand side.

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