Market Research Blog

During the forecast period, the external combustion engine market is anticipated to register a CAGR of 3.9%. The market is anticipated to reach a value of US$ 604.3 million in 2022 and US$ 889.0 million by 2032.

As it is compressed by the combustion of an external fuel through the heat exchanger or an engine wall, the demand for external combustion engines is increasing. However, the external combustion engine market share is likely to increase due to the engine’s weight, bulk, and size in terms of structural design. Aside from these characteristics, external combustion engine has low noise and emission levels, which raises demand for them.

However, Stirling engines and steam engines are the two most common types of external combustion engines. Due to their superior efficiency to steam engines, Stirling engines stand out as one of the most popular among these and are likely to see increased use.

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The big capacity segment dominated the global external combustion engine market in terms of revenue shares in 2021, and this trend is anticipated to continue throughout the forecast period.

They can also operate quietly during the forecast period and can use any type of heat source. Many different applications, including thermal power plants, nuclear power plants, ships, trains, and pumps, use external combustion systems. A completely new single-piston combustion engine is currently being developed by ECT.

Advancing and Constraint Factors in the External Combustion System Market

Drivers:

Due to its flexibility in arrangement and ability to use any source of heat, the market for external combustion systems is anticipated to grow over the course of the forecast period. Fuel is burned by the engine outside of the power cylinder, which is anticipated to play a significant role during the forecast period.

Additionally, external combustion engines use heat from sources like solar, geothermal, biomass, or municipal waste. These elements support the market’s expansion during the anticipated period. Additionally, flexibility in an arrangement is possible to further support the external combustion engine over the forecast period due to external combustion.

Aside from that, the market is being driven by the various advantages of external combustion systems, such as continuous external combustion, which lowers emissions and eliminates the exhaust of high-pressure combustion products.

Restraints:

It is expected that the long startup times of external combustion engines will restrain the market’s growth over the forecast period. Furthermore, risk factors like the boiler bursting due to too much steam pressure have compelled the end users to endorse alternative machinery.

During the forecast period, this action is anticipated to restrain the market’s expansion for external combustion engines. Over the course of the forecast period, it is also anticipated that the external combustion engine’s high investment costs and poor efficiency will restrain market expansion.

Analysis of Asia Pacific External Combustion Engine Market

During the forecast period, the Asia Pacific region will primarily dominate the market for external combustion engines. Due to the region’s rapid industrialization and expanding number of power plants, nations like China, India, and Japan are experiencing rapid economic growth.

Additionally, over the course of the forecast period, the marine industry in the APAC region experienced significant growth, which significantly boosted the market for external combustion engines. Over the course of the forecast period, the APAC region’s external combustion engine market is anticipated to experience strong growth.

Condition of North American & Europe Regions in the External Combustion Engine

Due to the region’s growing need for external combustion engines for a variety of applications, including pumps, ships, power plants,., North America is a significant market for these engines. Out of all the regions, North America will hold 18% of the market during the forecast period.

On the other hand, the external combustion engine market is also expanding steadily in the Europe region, gaining 22% of the market during the forecast period. The region’s market is being driven by expanding industrialization and major thermal plant construction. Due to the increasing use of external combustion engines in recent years and the UK’s position as a leading nation, the market is growing quickly.

Competitive Landscape:

Skilful Players in the External Combustion Engine Market

Due to the presence of so many major players during the forecast period, the market is fragmented. Through their various marketing strategies, the players are essential in generating the most revenue.

They are employing methodologies to spur market expansion and win the lion’s share. Mergers, acquisitions, partnerships, product launches, and other strategies are examples of marketing tactics.

Recent Developments in External Combustion Engine

Recent advancements in real-time control, fuel injection, sensors, and other technologies have brought the potential external combustion engine to a high level. Manufacturers are implementing cutting-edge technology to improve performance in the automotive sector. External combustion engines with high efficiency are now available thanks to recent technologies.

Key Segments

By Product Type:

• Steam Engine
• Stirling Engine

By Application:

• Pump
• Ship
• Thermal Power Plant
• Train
• Nuclear Power Plant

By Region:

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

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.   
Christiana Corporate,
200 Continental Drive, 
Suite 401, Newark, 
Delaware – 19713, USA   
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

The global mechanical seals market is poised for substantial expansion, with forecasts indicating a valuation of USD 3.3 billion in 2023. This upward trajectory is expected to persist, propelled by a robust Compound Annual Growth Rate (CAGR) of 4.1% from 2023 to 2033, culminating in an estimated market worth of USD 5.0 billion by 2033. This compelling narrative of growth finds its foundation in the thriving manufacturing and industrial sectors, underscoring the indispensable role of mechanical seals across a diverse range of applications.

Operating discreetly yet indispensably, mechanical seals assume a critical function in managing leakage in rotating equipment, including mixers and pumps. Their primary objective is to prevent the escape of liquids and gases from the machinery’s confines into the surrounding environment. Beyond fortifying the integrity of the equipment, these seals significantly contribute to minimizing environmental emissions, aligning seamlessly with the global imperative for environmental sustainability.

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Key Insights from the Mechanical Seals Market:

North America commands over 25% of the market share, driven by the expansion of end-use verticals such as chemicals, oil & gas, and power. The United States alone houses nearly 9,000 independent oil and gas power plants.

Europe holds over 20% of the market share, attributed to prominent manufacturers like A.W. Chesterton Company. The company has initiated operations in Sweden, establishing a manufacturing facility for compression packing used in valves and pumps. This facility is dedicated to serving Northern Europe, supplying ready-to-install packing rings and compression packaging in metric cut lengths. Additionally, it offers customer-specific kits for original equipment manufacturers (OEMs) and direct service partners of Chesterton.

The Asia-Pacific region is projected to experience the fastest growth rate in the mechanical seals market, driven by the expanding industrial applications in developing economies.

“Given the peak state of the manufacturing vertical, the global mechanical seals market is poised for substantial growth in the projected period,” states an analyst from Future Market Insights.

Noteworthy Developments in the Competitive Landscape:

• A.W. Chesterton Company introduced the patented Chesterton Matrix Rotary Seal in May 2020. This split seal employs two material technologies, engineered to perform effectively on equipment with significant run-out shafts and wear.
• John Crane unveiled the ‘Elastomer Bellows Cartridge Seal’, named T4111, in March 2019. This one-time-use cartridge seal is designed for sealing centrifugal and rotary pumps, as well as analogous rotating shaft machines.
• Dover announced the Air Mizer solutions in April 2019, specifically designed for the AM Conveyor Equipment Manufacturers Association shaft seal. This innovation caters to CEMA screw conveyors and equipment.
• Hallite Seals continued its partnership with MSOE (Milwaukee School of Engineering) in March 2018, focusing on integrating design principles for sealing materials and seals with reliable 3rd-party authentication.
• John Crane extended its 5600 range seals with the introduction of the novel 5610 Liquid Quench (5610L) in November 2021.
• Gallagher Fluid Seals, Inc. concluded the acquisition of IEQ Industries in May 2022, contributing to the diversification of their product mix.

Key Players:

Prominent players operating in the market include EagleBurgmann India Private Limited, Flowserve Corporation, Flex-a-seal, Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken AB, Freudenberg Sealing Technologies GmBH and Co. KG., Dana Corporation, Telleborg Industries, and others.

Key Segments Profiled in the Mechanical Seals Industry Survey:

Global Mechanical Seals Market by Type:

• O-ring Mechanical Seals
• Lip Mechanical Seals
• Rotary Mechanical Seals

Global Mechanical Seals Market by End Use Industry:

• Mechanical Seals in Oil and Gas Industry
• Mechanical Seals in General Industry
• Mechanical Seals in Chemical Industry
• Mechanical Seals in Water Industry
• Mechanical Seals in Power Industry
• Mechanical Seals in Other Industries

Global Mechanical Seals Market by Region:

• North America Mechanical Seals Market
• Latin America Mechanical Seals Market
• Europe Mechanical Seals Market
• Asia Pacific Mechanical Seals Market
• Middle East and Africa Mechanical Seals Market

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The industrial filtration market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 16.8% over the forecast period. By the year 2023, the industry is expected to reach a substantial valuation of USD 25,026.6 million, with forecasts indicating a staggering increase to USD 101,248.3 million by 2033.

At the core of this market lie advanced air filtration and separation systems, which serve as essential components in maintaining cleanliness and safety within various industrial settings. These cutting-edge technologies effectively eliminate harmful particulates and pollutants from the air, not only safeguarding the health and well-being of workers but also enhancing the durability and reliability of industrial equipment.

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Enhancing Workplace Air Quality through Robust Industrial Filtration Systems:

Industrial settings necessitate the implementation of effective and robust industrial filtration systems to enhance the air quality within workplaces. This need remains pertinent despite the utilization of protective gear like body suits and air filters by industrial workers.

As a result of these measures, several benefits ensue, including the elongation of machinery lifespans, heightened production output, and most notably, the prevention of airborne diseases.

Analysis forecasts a sustained surge in demand for filtration equipment in the forthcoming years. This is driven by the expansion of consumer goods such as air purifiers, water filters, and air conditioners that incorporate filtration technology.

Key Takeaways:

• The industrial revolution’s onset spurred the establishment of numerous industries spanning diverse sectors, fostering extensive industrialization. This phenomenon is poised to exert a favorable influence on the growth trajectory of the industrial filtration market, propelling its consistent advancement.
• Prominent sectors like cement, pharmaceuticals, paper, and petroleum prominently rely on industrial filtration. The adoption of activated carbon filters within the water treatment domain, specifically for chlorine and effluent removal, significantly contributes to the market’s expansion. Consequently, an impressive upswing in the integration of these filtration solutions across industries is anticipated, auguring accelerated market growth.
• Further impetus arises from stringent regulations enforced by governmental and environmental bodies. These regulations have effectively curbed emissions of air and water pollutants, thus catalyzing the growth of the industrial filtration market.
• Responding to health concerns, food and beverage entities are swiftly incorporating filtration systems within their manufacturing processes. This proactive measure aims to thwart ailments such as heart disease, obesity, and diabetes. With organic farming gaining traction and the widespread use of pesticides and fertilizers, concerns regarding food safety are mounting. This escalation is projected to drive the demand for filtration systems across the market.

Competitive Landscape:

Key market players in the global industrial filtration market are focusing on expanding their reach through acquisitions and mergers. They are also focusing on research and development to launch new products and get an edge over the global market.

Key Companies Profiled:

Eaton Corporation Plc, Industrial Filtration, Pentair Plc, Clarcor Inc., Mann+Hummel Group, Filtration Group Company, 3M Company, Cummins Filtration, Freudenberg Filtration Technologies, Fil-Trek Corporation, Alfa Laval AB, Parker Hannifin Corporation, W. L. Gore & Associates, Donaldson Company, ZwitterCo, Woosh, EKOTON Industrial Group, ESMIL Process Systems, MI Systems, mdi Memebrane Technologies.

Key Segments Profiled in the Global Industrial Filtration Market:

By Product Type:

• Air Filters
• Bag Filters
  • HEPA
  • ULPA
  • PTFE Membrane
  • Electrostatic Precipitator
  • Others
• Liquid Filters
  • Strainers
  • Cartridge
  • Depth Filter
  • Others

By End Use:

• Automotive
• Food and Beverages
• Mining
• Power Generation Plants
• Chemical
• Petroleum
• Pharmaceutical
• Others

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global industrial weighing equipment market has reached a significant milestone, boasting a valuation of USD 4,400.1 million in 2022. Projections for the forecast period indicate a compelling growth trajectory, with an anticipated Compound Annual Growth Rate (CAGR) of 6.0%. This growth will propel the market from USD 4,622.0 million in 2023 to a substantial USD 8,242.7 million by 2033.

Industrial weighing equipment, often underappreciated yet essential in manufacturing and industrial sectors, play a pivotal role in maintaining precision and efficiency standards. These meticulously engineered machines provide precise measurements of various items, products, and components, whether in analog or digital form, thereby enhancing operational accuracy across diverse industries.

As the market continues to evolve, the strategic integration of industrial weighing equipment is poised to further streamline manufacturing processes, fostering heightened levels of accuracy and operational efficiency. The industry’s trajectory towards prosperity underscores the indispensable role of these precision instruments in advancing and upholding global industrial standards.

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Industrial weighing machines play an essential role in accurately assessing the weight of items, products, and gadgets. Their applications extend to precise raw material filling and verification of supplied goods’ weight. These machines offer precision in weight readings, aiding manufacturers in optimizing production by minimizing overfilling and material wastage.

End-use sectors encompass construction, agriculture, medicine, food, and more. Industrial weighing machines come in diverse types, each tailored to specific functions. For instance, conveyor scales weigh items as they traverse a weighbridge via a conveyor, effectively measuring the weight of large vehicles and trucks. This nuanced versatility enhances operational efficiency across industries.

An analyst from Future Market Insights points out that as awareness of the reliability of industrial weighing equipment deepens, the global market is poised for impressive growth in the near future.

Key Insights from the Industrial Weighing Equipment Market:

• North America takes the lead with the US experiencing continuous advancements in the retail and pharmaceutical sectors. Additionally, the demand for home health monitoring is on the rise.
• Europe maintains a substantial market presence, driven by the UK and Germany, hosting a significant number of key industry players.
• The Asia-Pacific region is primed for rapid expansion in the industrial weighing equipment market during the forecast period. Japan, South Korea, India, and China are anticipated to lead the charge. China’s move to lower tariffs on automotive components further contributes to this trend.

Featured Industry Players:

1. Avery Weigh-Tronix
2. RADWAG Wagi Elektroniczne
3. CI Precision Ltd.
4. A&D Weighing
5. Atrax Group NZ Ltd
6. Thompson Scale Company
7. GSH Group
8. Bilwinco AS
9. D Brash & Sons Ltd
10. Sartorius AG
11. Ohaus Corporation
12. Maguire Products Inc.
13. Mettler Toledo International Inc.

Competitive Equipment Highlights:

• A&D Weighing: In 2021, introduced the GF-M and GX-M series weighing balances, known for their efficiency in handling spills, light washdowns, and dust protection.
• Thayer Scale: Developed innovative batching and blending options for weighing scales in 2022. These incorporate an elongated mass counterbalance scale and cost-effective volumetric feeders that can replace multiple Loss-In-Weight Feeders and integrated weigh belt feeders for enhanced accuracy.
• Mettler Toledo: Offers a comprehensive range of weighing solutions including bench scales, pallet scales, truck scales, rail scales, and load cells. Their scales cover a broad measurement range from 0.001 grams to several tonnes, catering to legal-for-trade and basic weighing needs. Industrial scale software programs, indicators, and accessories ensure precise process control and visibility.

Key Segments:

By Product Type:

• Industrial Checkweighers
• Industrial Counting Scales
• Industrial Floor Scales
• Industrial Rail Scales
• Other Industrial Weighing Equipment

By End Use Industry:

• Chemicals Industry
• Manufacturing Industry
• Mining Industry
• Food & Beverage Industry
• Other Industries

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global Industrial Furnaces Market is estimated to secure a valuation of US$ 2.5 billion in 2023 and US$ 3.6 billion by 2033. The global market is estimated to capture a CAGR of 3.9% during the forecast period.

Which Factors are Driving the Industrial Furnaces Market?

The global market is influenced by various factors, including:

• Increasing Industrialization: The rapidly growing industrial sectors, including automotive, chemical, steel, and manufacturing, are increasing the adoption of industrial furnaces. These furnaces are widely used for various purposes, such as chemical processing, metal melting, and heat treatment.
• Energy Efficiency and Sustainability:The rising focus on environmental sustainability is increasing the demand for industrial furnaces. These are used to clean energy sources by adopting combustion technologies among end users. It helps to reduce carbon emissions and decline operational costs.
• Advancements in Automotive and Control Systems:Adopting industrial furnaces offers accuracy, safety, and improved process control with advanced automation. Integrating industry 4.0 technologies and the Internet of Things enhances remote monitoring to improve performance.
• Growing Demand for Specialty Metals:Increasing demand for specialty metals in several end-user sectors, such as electronics and aerospace, drives the global market. These furnaces are widely used for processing heat treatment in the aerospace and electronics sectors.
• Advancing Automotive Industry:The growing automotive sector is increasing the demand for heat treatment processes for manufacturing various components. These components are the transmission, engine parts, and other metals part.
• Upgradation and Replacements:The growing advanced technologies need to repair inefficient furnaces to newer ones. Industries are investing huge amounts in upgrading furnace systems to reduce downtime and increase productivity.
• Rise in Aerospace and Defense Activities:The increasing demand for industrial furnaces in aerospace and defense activities for heat treatment and critical processes for manufacturing equipment is driving market growth.
• Pharmaceuticals and Chemicals Processing:The growing pharmaceutical and chemical sector is increasingly adopting industrial furnaces for sintering, drying, and calcination. These sectors are rapidly expanding the global market growth.
• Research and Development:The manufacturers and key companies are investing a lot in research and development activities to improve efficiency, reliability, and safety to develop innovative products.
• Government Regulations:The government imposed stringent regulations to enhance work safety and promote safety standards that drive the global market.

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Key Takeaways:

• The global industrial furnaces market is estimated to register a CAGR of 3.9% with a valuation of US$ 3.6 billion by 2033.
• The market captured a CAGR of 3.6% in the historical period between 2018 and 2022.
• The United States is anticipated to dominate the global market by registering a share of 6% during the forecast period.
• With a share of 5.4%, Germany is significantly driving the global market by 2033.
• Japan is anticipated to secure a share of 0% in the global market during the forecast period.

How are Key Players Advancing the Global Market?

The global market is highly consolidated by prominent players investing millions in research and development activities. These players are trying to develop innovative and improved products in the global market. Key players adopt marketing tactics such as mergers, partnerships, and agreements to uplift the global market.

Top 10 Key Players in Industrial Furnaces Market

• Epcon Industrial Systems, LP
• International Thermal Systems
• Industrial Furnace Company
• Nutec Bickley
• L&L Special Furnace Co. Inc.
• Thermcraft Inc.
• SCHMIDT + CLEMENS GMBH + CO. KG
• ANDRITZ
• LÖCHER Industrieofen
• Carbolite Gero Limited

Recent Developments in the Global Market are:

In 2021, International Thermal Systems announced its newly launched products, wicket ovens, and pin ovens.

Industrial Furnaces Market by Segmentation

By Arrangement:

• Tube or Clamshell Type
• Box Type
• Car Bottom Type

By Operation:

• Gas/Burner Operated
• Electrically Operated

By Application:

• Atmosphere
• Vacuum

By Structure:

• Batch
• Continuous

By End User:

• Automotive Manufacturing
• Oil and Gas
• Metallurgy
• Steel and Iron Production
• Food Processing

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa (MEA)

Have a Look at Trending Reports of Industrial Automation Domain:

Portable Induction Hobs Market Size: The market for portable induction hobs is anticipated to develop at a CAGR of 7.3% from 2018 to 2022, reaching a value of US$ 257.2 million in 2023.

Automated Container Terminal Market Share: A important milestone was reached when the market for automated container terminals was valued at US$ 10 billion. According to projections, the need for automated container terminals is expected to expand significantly between 2023 and 2033, with a projected CAGR of 7.3%.

Emulsion Explosive Market Trends: In 2022, the global market for emulsion explosives grew by 5.1% year over year. The market for emulsion explosives is anticipated to reach US$ 4,587.91 million by 2033 from its projected value of US$ 2,763.49 million in 2023. Over the course of the projected period, the market is anticipated to grow at a CAGR of 5.2%.

Commercial Induction Cooktops Market Outlook: The market for commercial induction cooktops is anticipated to reach a value of US$ 22 billion in 2033 and increase significantly between 2023 and 2033, at a CAGR of 5.6%.

Articulated Robot Market Demand: The global market for articulated robots was valued at US$ 9.2 billion, and between 2023 and 2033, it is predicted to increase at a steady rate of 8.3%, eventually reaching an outstanding US$ 20.4 billion.

Variable Speed Generators Market Growth: By 2023 and 2033, the market for variable speed generators is expected to be worth US$ 8.5 billion and US$ 14.2 billion, respectively. Global sales of variable speed generators are expected to increase at a CAGR of 5.3% over the assessment period.

Military Parachute Market Type: During the projected period, the market demand for military parachutes is anticipated to grow at a CAGR of 5.5%. It is estimated that the global market will increase from US$1.42 billion in 2023 to US$2.43 billion by 2033.

Clad Pipe Market Forecast: By 2033, the market for clad pipes is expected to have grown from US$ 2,560.6 million to US$ 3,938.7 million. Over the course of the forecast period, the market is expected to grow at a CAGR of 4.4%, according to FMI.

Electric & Hydraulic Wellhead Drives for Onshore Application Market Sale: By the year 2033, it is expected that the market for electric and hydraulic wellhead drives for onshore applications will reach a high of US$ 405.3 million. The specialists at Future Market Insights have calculated a historical CAGR of 8.2% for the relevant market.

Metal Stampings Market Value: In 2023, the market for metal stampings is anticipated to be worth US$ 419.7 billion. By 2033, the market is anticipated to reach more than US$ 635.8 billion.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

The high-density racks (>100Kw) Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the high-density racks (>100Kw) market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for high-density racks (>100Kw). It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

In a robust forecast of market expansion, the global high-density racks (>100Kw) market is poised for significant growth, showcasing an impressive Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2033. This sector is set on a path to secure a substantial market share estimated at US$ 48.35 billion by 2033, with expectations of reaching a noteworthy value of US$ 34.56 billion in 2023.

Browse Full Report Here

The substantial expansion of the high-density racks market can be attributed to an array of driving factors, propelling it towards this remarkable growth trajectory. Several pivotal factors are propelling this market’s ascent:

1. Surging Data Center Demand: The ever-increasing reliance on data centers across diverse sectors, including cloud computing, telecommunications, and financial services, is driving the demand for high-density racks. These racks are essential to accommodate the exponential data growth experienced globally.
2. Energy Efficiency Imperative: As sustainability gains paramount importance, businesses are seeking energy-efficient solutions. High-density racks, equipped with cutting-edge cooling and power management technologies, are becoming a crucial choice for enterprises aiming to reduce their carbon footprint.
3. Technological Advancements: Ongoing innovations in rack designs, materials, and integrated systems are revolutionizing the high-density rack market. The introduction of smart and modular racks, optimized for space and performance, is attracting substantial investments.
4. Rising Edge Computing: The proliferation of edge computing applications, driven by the Internet of Things (IoT) and 5G technology, is bolstering the need for high-density racks closer to end-users. This trend is igniting substantial growth prospects for the market.

However, as with any dynamic market, challenges also lie ahead, acting as potential restraints:

1. Cost Barriers: The adoption of high-density racks, though essential, can be capital-intensive. Smaller enterprises may encounter financial constraints when implementing these advanced solutions.
2. Technical Expertise: Deploying and managing high-density racks require specialized technical expertise. A shortage of skilled personnel in this field may impede market growth to some extent.
3. Regulatory Compliance: Evolving regulations and standards for data center operations and environmental sustainability may add complexity to market dynamics, impacting the ease of market entry for some players.

Key Takeaways:

• Increasing Demand for Efficiency: The primary driver for the adoption of high-density racks is the growing need for efficiency in various industries.
• Compact Equipment Demand: Compact equipment is in high demand, contributing significantly to the surge in high-density rack adoption.
• Data Center Operations: The global high-density racks market is benefiting from the rising demand for data center operations, driven by the ever-expanding digital landscape.
• Investment in Data Center Equipment: Increased investment in data center equipment is a key factor propelling the growth of this market.
• High-Performance Computing (HPC): High-density power racks are finding adoption in high-performance computing (HPC) environments, particularly in industries like Oil and Gas, where extreme computing levels are required for tasks like seismic processing.

Competitive Landscape

The High Density Racks (>100Kw) market boasts a roster of prominent industry players, including:

• Ridg-U-Rak
• Emerson Electric Co.
• Eaton
• AK Material Handling Systems
• VALERACK
• Hewlett Packard Enterprise Development LP
• HUAWEI Technologies CO LTD.
• Belden Inc.
• Redirack Storage Systems
• Storax Limited

In February 2020, during the esteemed Huawei Industrial Digital Transformation Conference, Huawei made a momentous global announcement that underscored its commitment to pioneering advancements in the field. At the heart of this revelation was the unveiling of Huawei’s groundbreaking UPS power module—a product meticulously engineered to redefine prevailing industry standards.

Distinguished by its exceptional power density of 100 kW/3 U, this cutting-edge module represents a paradigm shift, effectively doubling the established benchmarks. Huawei’s ingenuity extends further with the introduction of the FusionPower 2.0 data center power supply and distribution solution. This innovative solution, built upon the foundation of the 100 kW module, establishes a new industry benchmark with the ‘1MW, 1 Rack’ standard.

This revolutionary rack configuration not only efficiently addresses 1MW power requirements but also significantly reduces footprint, thereby augmenting data center efficiency and unlocking new dimensions of revenue potential. Huawei’s commitment to pushing the boundaries of technological excellence is evident in these advancements, signaling a transformative era in the landscape of data center infrastructure.

Key Segments Covered

By Type:

• Drive-in Rack
• Drive-through Rack

By Cooling:

• Refrigerant
• Water
• Direct Expansion
• Air Flow

By End Use:

• Distribution Centers
• Warehouses
• Food Processing Plants
• Big-box Retail Outlets
• Data Center

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The global dust control systems market is poised for significant advancement, projecting a substantial leap from its 2024 valuation of USD 17,411.91 million to an impressive USD 26,628.99 million by 2034. This remarkable growth, driven by a compelling Compound Annual Growth Rate (CAGR) of 4.34%, underscores the escalating importance of dust control systems across diverse industries.

At the core of this surge lies an intensified awareness of health-related concerns. In an era increasingly prioritizing health consciousness, industries are actively embracing cutting-edge dust control systems as indispensable tools for mitigating health risks associated with airborne dust particles. These systems play a crucial role in establishing safer and healthier work environments. Amidst this dynamic landscape, the dust control system market emerges as a pivotal player in the relentless pursuit of enhanced air quality and workplace safety.

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Advancing Dust Control Systems Market Driven by Health Focus and Industry Progress:

The growth trajectory of the dust control systems market is poised for acceleration, fueled by heightened health awareness and dynamic technological innovations across diverse sectors. Notably, the food and beverage industry is set to witness robust demand, driven by increasingly stringent regulations on food packaging practices.

Key drivers of this market’s ascent include the surging requirement for packaged food, rapid industrialization, and an unwavering commitment to worker safety. Governments worldwide are intensifying their efforts to introduce and enforce regulations and standards that prioritize both environmental and worker safety, thereby catalyzing the positive trajectory of the dust control systems market.

Within this landscape, dust control systems manufacturers are strategically focusing on the development of high-performance and cost-effective solutions to bolster clean production processes. Future endeavors by key players and manufacturers are expected to revolve around amplifying production and sales of customized dust control systems tailored to address specific dust control needs. For instance, sectors like mining activities and road construction necessitate dust control systems with unique features. Ensuring the well-being of workers remains crucial to sustaining and nurturing the growth of this market.

Global Dust Control Systems Market: Major Players

Prominent participants in the global dust control systems market include New Waste Concepts Inc, Colliery Dust Control (Pty) Ltd, EnviroSystems LLC, Camfil APC, National Environmental Service Company, United Air Specialists Inc, Sealpump Engineering Limited, Dust Control Systems Ltd, Dustcontrol Canada Inc, C&W Manufacturing and Sales Co, Dust Solutions Inc., and Piian Systems.

• In September 2020, Camfil APC launched a line of HemiPleat® replacement filter cartridges designed to fit Oval industrial dust collectors. These filters utilize patented pleating technology that sets them apart from cartridges made with standard pleated filter media. The incorporation of synthetic beads keeps the pleats open, exposing more filter media to the airstream. This design enhances filter efficiency, reduces pressure drop, and improves the dust release process during pulse cleaning.
• In April 2021, Sealpump Engineering Limited introduced two innovative products: the mobile Air-C 150 and Air-C Duo humidifiers and air purifiers. These new additions are perfectly suited for both office and home environments. Incorporating the Air-C 150 or Air-C Duo provides a simple and effective solution for enhancing the health, safety, and comfort of the spaces where you spend the majority of your time.

Key Segments:

By Type:

• Dry Collection Dust Control System
• Wet Suppression Dust Control System

By End User:

• Dust Control System in Construction
• Dust Control System in Mining and Metallurgy
• Dust Control System in Energy
• Dust Control System in Food and Beverages
• Dust Control System in Chemicals
• Dust Control System in Pharmaceuticals
• Dust Control System in Oil and Gas

By Region:

• North America Dust Control System Market
• Latin America Dust Control System Market
• Europe Dust Control System Market
• Asia Pacific Dust Control System Market
• Middle East and Africa Dust Control System Market

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The Saw Blades Market industry is projected to expand at 4.7% CAGR from 2023 to 2033, states Future Market Insights (FMI). Revenue is poised to increase to US$ 15.3 billion in 2023. The global market is set to witness a total of US$ 24.2 billion by 2033. The market stood at a total of US$ 14.6 million at the end of 2022.

The Saw Blades industry is growing at a significant pace due to several factors that are driving demand. The global market for Saw Blades is primarily driven by the construction and manufacturing sectors, which have experienced steady growth over the years.

Other factors driving the growth of the Saw Blades industry include the rising demand for DIY tools, blade technology advancements, and circular Saw Blades’ growing popularity.

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One of the key drivers of growth in the Saw Blades Market is the rising demand from the construction sector. As the global construction industry continues to propel, there is an increasing need for Saw Blades that can cut through a wide range of materials, including wood, metal, and concrete.

Consumers now seek new Saw Blades that are designed to handle diverse and durable materials, resulting in increased demand and revenue for saw blade manufacturers.

Another key driver of growth in the Saw Blades industry is the rise of the DIY movement. Consumers are increasingly taking on home renovation and repair projects, which has resulted in a growing demand for Saw Blades that are easy to use and affordable.

Manufacturers are responding to this demand by producing a wider range of Saw Blades that are designed for DIY use, leading to increased sales and revenue for the market.

Advancements in blade technology have also contributed to the growth of the Saw Blades industry. Saw blade manufacturers are constantly developing new blades that are more durable, efficient, and easy to use.

Commercial and consumer markets both are presenting high demand for improved varieties of Saw Blades. The increasing popularity of circular Saw Blades has further fueled growth in the market, with circular Saw Blades dominating the global market.

Key Takeaways from the Saw Blades Market Research Study:

• The global Saw Blades industry is estimated to be valued at US$ 15.3 billion in the year 2023.
• The United States is expected to be worth US$ 4.7 billion by 2033.
• China is anticipated to surge at 4.6% CAGR in the market between 2023 and 2033.
• By type, the circular saw segment is poised to surpass 4.5% CAGR over the projection period of 2023 to 2033.
• Based on application, a wood-cutting division is set to register at 4.1% CAGR in the global market.

Who is Winning?

Manufacturers adopt various distribution channels to ensure their products are easily accessible to customers. They might work with distributors, wholesalers, and retailers to expand their market reach. Various manufacturers establish direct-to-consumer sales channels through e-commerce platforms, allowing customers to purchase Saw Blades directly from their websites.

Manufacturers provide comprehensive customer support services, including technical assistance, product training, and troubleshooting guidance. This helps customers optimize the use of Saw Blades, ensures customer satisfaction, and fosters long-term relationships. Manufacturers might also create educational content, such as tutorials or cutting guides, to educate users about the best practices for using their Saw Blades.

Competitive Landscape and Top Companies Market Share:

1. Amada Co., Ltd.
2. Dimar Group
3. DoAll Sawing Products
4. Kinkelder BV
5. Leitz GmbH & Co. KG

Recent Developments in Saw Bladed Industry:

• In February 2020, Spyder Products increased its circular saw blade lineup by adding four additional models. Spyder’s circular saw range now includes diameters spanning 6 1/2-inch to 12-inch for miter, table, and compact circular saws. Each blade has an ultra-tough NiCo (Nickel Cobalt) tooth for lasting cutting efficiency, a rotating dental bevel arrangement (ATB) for clean rip and crosscuts, and an interfused anti-friction coating.
• In August 2020, LEUCO is excited to introduce its brand new line of Saw Blades designed specifically for cutting plastics. The LEUCO triple trump card for plastics is ideal for stopping any new obstacles carpenters confront when cutting using a sliding table saw.

Get More Valuable Insights:

Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global Saw Blades industry presenting historical demand data (2 018 to 2022) and forecast statistics for the period from 2022 to 2033.

The study incorporates compelling insights on the Saw Blades Market based on type (circular, band, chain, hand, and others), and application (wood cutting, metal cutting, stone cutting, and others) across several regions.

Saw Blades Market Segmentation:

By Type:

• Circular
• Band
• Chain
• Hand
• Others

By Application:

• Wood Cutting
• Metal Cutting
• Stone Cutting
• Others

By Region:

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

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

Stone Cutting Saw Blades Market Analysis: Anticipated to exhibit robust growth, the global stone-cutting Saw Blades Market is poised to attain a market valuation of US$ 0.7 billion by the culmination of 2023.

Bandsaw Machines Market Size: The global bandsaw machines market is anticipated at US$ 2.1 billion in 2022. Demand is likely to remain high for bandsaw machines during the assessment period. This is due to the increased mining operation and garnering US$ 3.3 billion in 2033, recording a CAGR of 4.2% from 2023 to 2033.

Personal Protective Equipment Market Share: The global protective equipment market size is forecast to reach around US$ 55.6 Billion in 2022. However, with rising focus on improving the worker’s safety across diverse industries, the overall sales of personal protective equipment are projected to rise at a healthy CAGR of around 6.3% between 2022 and 2032.

Direct Drive Wind Turbine Market Overview: The global direct drive wind turbine market size is anticipated to be valued at US$ 18.3 Billion in 2032 and exhibit an astonishing CAGR of 16.2% from 2022 to 2032.

Food Sorting Machines Market Review: The global food sorting machines market is projected to surpass a valuation of US$ 1.5 Billion in 2022. Surging demand for packaged food products across the globe is expected to boost sales at 5% CAGR over the assessment period, with the market size reaching close to US$ 2 Billion by 2032.

Membrane Air Dryers Market Demand: The global membrane air dryers market is estimated to surpass a valuation of US$ 1,200 Million by the end of 2032. The sales of membrane air dryers are expected to top US$ 730 Million by 2022, exhibiting growth at a CAGR of 6.5% over the forecast period 2022 to 2032.

Tunable Diode Laser Analyser Market Sales: The global tunable diode laser analyzer market is estimated to create an incremental opportunity of US$ 435 Million by the end of 2022. The sales of tunable diode laser analyzers is expected to exceed US$ 800 Million by 2032.

Marine Base Steering Gear Market Forecast: The global marine base steering gear market size was valued at around US$ 1.6 Billion in 2020 and is likely to expand at a steady CAGR of 5% during the forecast period between 2022 and 2032.

Wedge Wire Screen Market Key Trends: The global Wedge Wire Screen market garnered US$ 0.68 Billion in 2021 and is likely to exhibit a CAGR of 4% to be valued at US$ 0.71 Billion in 2022.

Low Voltage Motor Market Revenue: Global Low-voltage Motor demand is anticipated to be valued at US$ 39.1 Billion in 2022, forecast to grow at a CAGR of 6.7% to be valued at US$ 75 Billion from 2022 to 2032.

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 Us:

Future Market Insights, Inc.

Christiana Corporate, 200 Continental Drive,

Suite 401, Newark, Delaware – 19713, USA

T: +1-845-579-5705

LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com

As per the latest analysis, the global static VAR compensator market value is forecast to increase from US$ 1,020.2 million in 2024 to US$ 1,667.0 million by 2034. Over the assessment period, global demand for static VAR compensators is predicted to surge at a CAGR of 5.0%.

The thyristor controller reactor segment dominates the global SVC market, holding a volume share of 41.1% by 2024. On the other hand, the static synchronous compensator segment is anticipated to record a higher CAGR of 5.1% through 2034.

Several factors are projected to stimulate growth of the global static VAR compensator industry during the assessment period. These include escalating electricity demand, integration of renewable energy sources, and a growing need for enhanced grid stability, power quality, and efficient power transmission and distribution systems.

As the world continues to face electricity challenges, the spotlight is falling on advanced technologies like static VAR compensators. These compensators are gaining wider popularity due to their ability to maintain grid stability and efficiency, which is essential for ensuring reliable electricity supplies.

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Rapid urbanization and industrialization are generating significant electricity demand globally. To meet this demand, huge investments are being made to develop power grid infrastructure, resulting in higher demand for SVCs, which are widely used to improve grid efficiency and reliability.

Static VAR compensators play a crucial role in enabling a smooth transition towards a renewable-powered future. Thus, the transition towards renewable energy sources like solar and wind power will generate significant demand for effective grid management tools to address voltage fluctuations.

Key Takeaways from Static VAR Compensator Industry

• The global SVC market is projected to grow at 0% CAGR through 2034.
• By product type, the thyristor controller reactor segment is set to total a valuation of US$ 664.8 million by 2034.
• By end-use industry, the energy utilities segment is forecast to hold a market share of 0% in 2024.
• East Asia is set to account for a prominent market share of 5% in 2034.
• China’s industry value is anticipated to reach US$ 257.8 million by 2034.
• Revenue in the United States is projected to total US$ 169.8 million by 2034.
• Demand in Italy is predicted to rise at 9% CAGR through 2034.

“The static VAR compensator market is experiencing robust growth fueled by escalating demand for grid stability, improved power quality, and efficient power transmission solutions. As industries and utilities seek to enhance their electrical systems’ reliability and performance, the need for static VAR compensators continues to increase steadily,” opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Who is Winning?

The global static VAR compensator market is fragmented, with top players accounting for about 40% to 45% of the share. Schneider Electric, General Electric, Siemens AG, Mitsubishi Electric Corporation, ABB, Emerson Electric Co, Hyosung Corporation, Fuji Electric, NR Electric Co., Ltd., Nissin Electric Co., Ltd., S&C Electric Company, American Superconductor Corp., NR Electric Co., Ltd., and Merus Power Dynamics Oy are the leading static VAR compensator manufacturers and suppliers listed in the report.

Key players are focusing on developing innovative solutions with enhanced efficiency and reliability to meet the evolving needs of end users. They also implement strategies like acquisitions, mergers, agreements, and partnerships to strengthen their footprint.

Recent Development in Static VAR Compensator Industry

• In 2022, Mitsubishi Electric Corporation introduced three new Large DIPIPM+TM transfer-mold intelligent power modules.

Market Segmentation of Static VAR Compensator Industry

By Voltage Level:

• Low Voltage (400V to 1KV)
• Medium Voltage (1KV to 69KV)
• High Voltage (Above 69 KV)

By Product Type:

• Thyristor Controller Reactor
• Thyristor-switched Capacitor
• Thyristor-controlled Series Capacitor
• Static Synchronous Compensator

By Application:

• Voltage Control
• Power Factor Correction
• Grid Stabilization
• Renewable Energy Integration
• Transmission Line Compensation

By End-use Industry:

• Power Generation
• Renewable
• Non-renewable
• Energy Utilities
• Electric Traction
• Mining and Metal
• Oil and Gas
• Textile
• Cement
• Others

By Region:

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

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The Exterior Insulation and Finish Systems (EIFS) Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Exterior Insulation and Finish Systems (EIFS) market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Exterior Insulation and Finish Systems (EIFS). It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Exterior Insulation and Finish Systems (EIFS) Market is poised for significant growth, driven by an increase in construction activities and infrastructure investments worldwide. This trend is further supported by a growing preference for energy-efficient structures, as there is a heightened focus on environmentally sustainable construction practices.

According to a comprehensive market survey report conducted by Future Market Insights, the global demand for exterior insulation and finish systems (EIFS) reached a value of US$ 79.8 billion in 2022. Looking ahead, sales within the EIFS market are expected to experience a Compound Annual Growth Rate (CAGR) of 10.2% over the next decade. Moreover, the research forecasts a substantial increase in the global EIFS market valuation, projected to rise from US$ 89.1 billion in 2023 to an impressive US$ 235.6 billion by the year 2033.

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The increased sales projections for Exterior Insulation and Finish Systems (EIFS) are supported by the growing number of construction projects and increased investments in global infrastructure development. Additionally, there is a rising demand for energy-efficient architectural structures and a strong emphasis on eco-friendly construction methods, which further drives the EIFS market.

Developed nations are currently leading the EIFS market due to widespread acceptance and the presence of well-established industries specializing in such products. However, factors such as affordability, availability, insulation capabilities, and exterior finishing quality contribute to the growing popularity of EIFS in emerging economies as well.

Key Takeaways:

• Anticipated Expansion of EIFS Demand in the United States: The demand for EIFS in the United States is projected to experience substantial growth, reaching a value of US$ 43.3 billion by the year 2033. This expansion is expected to be driven by a Compound Annual Growth Rate (CAGR) of 10.2%.
• Positive Outlook for the United Kingdom Market: The United Kingdom market for EIFS is poised for growth, with an expected net worth of US$ 9.2 billion by 2033. This expansion is projected to occur at a CAGR of 10.1%.
• Robust Growth Prospects in Asian Markets: The EIFS markets in China, Japan, and South Korea are set to witness significant development, with an average CAGR of 10.1% through the year 2033. Notably, China’s EIFS market is anticipated to lead the Asia Pacific region, reaching an approximate value of US$ 53.6 billion by 2033. Meanwhile, Japan and South Korea’s markets are predicted to achieve values of around US$ 45.2 billion and US$ 15.8 billion, respectively, by the same year.
• Polymer-based EIFS Product Segment Projection: The Polymer-based EIFS product segment is expected to undergo growth at a slightly lower CAGR of 10% from 2023 to 2033.
• Rapid Growth in Polymer-modified EIFS Product Segment: In contrast, the Polymer-modified EIFS product segment is foreseen to experience rapid expansion over the next decade, exhibiting a high growth rate throughout this period.

Competitive Landscape:

• Adex Systems,
• BASF SE,
• Dryvit Systems,
• Durabond Products,
• Durock Alfacing

International are some of the leading EIFS producers operating in the global market. These businesses are leading participants in the EIFS industry while new participants are mainly focused on marketing initiatives to strengthen their positions.

Recent Developments:

An important advancement in the field of EPS rigid foam insulation was the launch of Neopor BMB by the BASF SE in June 2022. Neopor BMB delivered extra sustainability benefits in addition to Neopor’s standard features at the American Institute of Architects, or Conference on Architecture in Chicago, Illinois. This new insulation solution produced 60% fewer CO2 emissions in comparison to standard foam plastic insulation, which is its most important sustainability attribute.

Owens Corning’s acquisition of Natural Polymers, LLC in January 2022 has increased its skills and offering in the insulation sector. The Cortland, Illinois-based Natural Polymers Company specializes in producing spray-applied polyurethane foam insulation for use in construction and building projects. Now Owens Corning provides clients with a wide selection of insulating products and solutions by leveraging the knowledge and technology of Natural Polymers.

Key Segments Profiled:

By Product Type:

• Polymer Based
• Polymer Modified

By Insulation Material:

• Expanded Polystyrene
• Mineral Wool
• Other Insulation Materials

By End User:

• Residential
• Non-residential

By Region:

• North America Market
• Latin America Market
• Europe Market
• East Asia Market
• South Asia and Pacific Market
• The Middle East and Africa (MEA) Market

Author By:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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Exterior Insulation and Finish Systems Market@ https://www.globenewswire.com/en/news-release/2023/06/13/2687479/0/en/The-Exterior-Insulation-Finish-Systems-EIFS-Market-is-expected-to-hit-US-235-6-Billion-at-CAGR-of-10-2-by-forecast-period-2033-end-Future-Market-Insights-Inc.html

About Future Market Insights (FMI):

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient 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 Us:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn | Twitter | Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com