Market Research Blog

The global home elevator market is on the verge of remarkable expansion, with revenues expected to reach an impressive US$ 10,266.9 million in 2023, and further accelerating at a robust CAGR of 7.8%. By the year 2033, the market is poised to reach an astonishing US$ 21,825.2 million. This extraordinary growth is being driven by various factors and innovations in the industry.

The increasing demand for home elevators can be attributed to the cutting-edge technologies implemented by leading companies, enhancing product efficiency and lifting capacity, which in turn has intensified competition within the home elevator market. Rapid urbanization, especially in emerging nations, has resulted in a surge in the construction of low- and high-rise buildings, key retail establishments, and various structures. This urban shift has led to an upsurge in the need for residential lifts, creating a favorable market environment.

Browse Full report Here

Key Takeaways

• The global home elevator market is set to reach US$ 10,266.9 million in 2023, with a projected CAGR of 7.8%, reaching US$ 21,825.2 million by 2033.
• Rapid urbanization, property value enhancement, and technological innovations are primary drivers of market growth.
• The United States market is experiencing significant expansion and investments, contributing to the global market surge.
• Regulatory compliance and safety concerns remain key challenges in the industry.

Drivers and Opportunities

One of the primary drivers of this market surge is the heightened property value that comes with the inclusion of home elevators in smaller buildings and individual residences. As developers recognize the added value and benefits, they are increasingly eager to incorporate home elevators in their structures, thereby contributing to the overall global market share. Furthermore, the adoption of touchless operation has enhanced equipment efficiency and improved the overall user experience.

The integration of Internet of Things (IoT) and artificial intelligence (AI) is revolutionizing the interaction between users and elevators. This technological synergy is expected to generate lucrative prospects for the home elevator sector on a global scale throughout the projected period.

Competitive Landscape and Regional Trends

The competitive landscape in the home elevator market is undergoing significant transformation. With the United States being a prominent player, regional trends are worth noting. The United States region is experiencing remarkable growth in the home elevator market, in sync with the global trend. The market is witnessing substantial investments in research and development, leading to innovative solutions and a wide array of options for consumers.

Restraints

Despite the promising growth, the home elevator market is not without its challenges. Regulatory hurdles and safety concerns continue to be restraints, demanding stringent compliance with building codes and safety standards to ensure the well-being of users.

Region-wise Insights – Category-wise Insights

Region-wise, the United States is a burgeoning market within the home elevator sector, boasting a substantial market share. The adoption of home elevators in residential properties and commercial establishments is expanding rapidly, offering significant opportunities for market growth.

Category-wise, the residential segment holds a substantial portion of the market, with consumers increasingly recognizing the convenience and luxury associated with having home elevators.

Key Segments

By Type:

• Hydraulic Elevator
• Machine Room Less Elevator
• Machine Room Elevator
• Others

By Application:

• Passengers
• Freight

By Region:

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

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

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 Dual Axis Solar Trackers Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Dual Axis Solar Trackers market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Dual Axis Solar Trackers. 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 Dual Axis Solar Trackers Market is currently experiencing substantial growth, driven by increased government emphasis on renewable energy sources and the growing adoption of solar photovoltaic (PV) installations. Governments worldwide are redirecting their focus toward sustainable energy solutions, leading to a significant rise in demand for dual-axis solar trackers. These advanced tracking systems effectively enhance energy generation by dynamically aligning solar panels with the precise path of the sun, thereby optimizing solar exposure throughout the day.

Projections indicate that the global dual-axis solar tracker market is poised to reach a valuation of approximately US$ 6.3 billion by 2023. This growth can be attributed to the growing awareness of renewable energy sources, serving as a key driver for market expansion. Furthermore, estimations suggest that the market will achieve a total value of US$ 24.8 billion by 2033, reflecting a noteworthy compound annual growth rate (CAGR) of 14.8% from 2023 to 2033.

The increasing government focus on renewable energy sources, coupled with the rising deployment of solar PV systems, serves as significant catalysts for the upward trajectory of the dual-axis solar trackers market. Demonstrating their effectiveness, these dual-axis solar trackers are increasingly being embraced in large-scale solar power projects on a global scale. Their ability to yield higher energy output per unit of installed capacity makes them exceptionally well-suited for utility-scale installations and commercial solar farms.

Browse Full report Here

The surge in energy demand has led to an increased need for augmented electricity production. Within this context, the adoption of dual-axis solar trackers is experiencing a significant upswing, especially in extensive solar projects. The increased deployment of these trackers, along with their advanced tracking algorithms, sensor integration, and control mechanisms, has greatly improved their precision and operational efficiency. These technological advancements have also resulted in enhanced reliability, cost efficiency, and seamless integration capabilities for dual-axis solar trackers. This positive trend is expected to drive substantial market growth in the foreseeable future.

The North American region has emerged as a prominent hub for ongoing technological innovation, playing a key role in the development of dual-axis solar tracker systems. These innovations have been instrumental in boosting energy output levels and strengthening system reliability. Consequently, dual-axis trackers have become an increasingly attractive option for solar projects in the region.

Key Takeaways:

• The period from 2018 to 2022 experienced a substantial surge in demand for dual-axis solar trackers, demonstrating an impressive Compound Annual Growth Rate (CAGR) of 8.8%.
• When categorized by type, the single-axis segment exhibited remarkable growth, contributing significantly to a CAGR of 14.4%.
• An in-depth analysis based on application reveals that the utility segment is poised for substantial expansion, with a projected CAGR of 14.1% throughout the forecast duration.
• The North American region is strategically positioned to emerge as a promising market for dual-axis solar trackers, boasting an anticipated CAGR of 14.7%.
• Projections indicate that the dual-axis solar tracker industry in the United Kingdom is progressing steadily towards a significant milestone, expected to reach a valuation of US$ 1 billion by the year 2033.
• Meanwhile, the dual-axis solar trackers market in South Korea is predicted to achieve substantial market revenue of US$ 1.3 billion by 2033.
• The Asia Pacific region presents itself as an opportunistic market with an estimated CAGR of 14.6% during the projected forecast period.

 “Increased power demand globally and increasing technological innovation are expected to drive the market in the forecast period. The supportive government policies and increased use of renewable energy sources play a vital role in strengthening the market” – comments a lead analyst at FMI.

Competitive landscape:

• Soitec,
• First Solar, Inc.,
• Reutech Radar Systems,
• Targray Technology International Inc.
• Trina Solar Co. Ltd.

among others are some of the market players operating in the dual-axis solar tracker market.

• SunPower: Renowned solar energy enterprise with a notable presence in the dual-axis solar tracker sector.
  • Offers sophisticated dual-axis trackers seamlessly integrated with its premium high-efficiency solar panels.
  • Tracker systems meticulously engineered to optimize energy yield and elevate overall system efficiency.
  • SunPower’s foray into the dual-axis solar tracker domain bolsters the industry with proven expertise and credibility.
• Arctech Solar: Prominent global manufacturer specializing in solar tracking and racking systems.
  • Recognized for its provision of dual-axis trackers celebrated for exceptional precision and dependable performance.
  • Extensively engaged in large-scale solar ventures across the globe, delivering tailored dual-axis tracking solutions for maximal energy production.

Know More about this Market Report:

Future Market Insights offers an unbiased analysis of the global dual-axis solar trackers market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the dual-axis solar trackers market, the market is segmented based on type and application across five major regions.

Key Segments:

By Type:

• Single Axis
• Dual Axis

By Application:

• Utility
• Non-Utility

By Region:

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

Explore this report from different publication

Dual axis solar tracker Market@ https://www.globenewswire.com/en/news-release/2023/06/08/2684474/0/en/The-Dual-Axis-Solar-Tracker-Market-is-projected-to-reach-a-valuation-of-US-24-8-Billion-by-2033-exhibiting-a-significant-CAGR-of-14-8-from-2023-to-2033-Future-Market-Insights.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 favour 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 Seismic Protection Device Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Seismic Protection Device market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Seismic Protection Device. 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 Seismic Protection Device Market is currently experiencing a surge in interest, driven by advancements in cutting-edge materials used in earthquake protection systems. Unlike traditional counterparts, specific materials such as shape memory alloys, fiber-reinforced composites, and high-performance damping materials are gaining significant attention for their exceptional properties. These materials not only enhance performance, durability, and flexibility but also signify a significant shift in our approach to seismic resilience.

According to Future Market Insights (FMI), the global market for seismic protection devices is poised to reach a value of US$ 1,525.4 million by 2023. Projections indicate that by 2033, its value will surpass US$ 2,220.8 million. During the assessment period spanning from 2023 to 2033, the market is expected to exhibit a compound annual growth rate (CAGR) of approximately 3.8%.

Browse Full Report Here

The seismic protection devices market is undergoing a notable integration of smart technologies and the Internet of Things (IoT). Manufacturers are now offering users real-time monitoring, data analysis, and remote control features, enabling the implementation of more effective and efficient earthquake protection systems.

The development and application of innovative materials in earthquake protection systems are garnering increased attention. Compared to conventional materials, materials such as shape memory alloys, fiber-reinforced composites, and high-performance damping materials offer superior performance, durability, and flexibility.

The importance of retrofitting seismic protection systems into existing structures is on the rise. Many infrastructures in various nations require updates to withstand seismic events, and retrofitting provides a means to enhance the resilience of these buildings without necessitating complete reconstruction.

Proactive and resilient infrastructure planning that integrates earthquake protection measures from the outset of the design and construction process is gaining prominence. This strategic approach involves the incorporation of seismic safety protocols into the infrastructure development process.

Suppliers are now offering comprehensive support services, encompassing architectural design, construction expertise, and urban planning, to ensure a more robust response to client requirements. This comprehensive approach contributes to client retention and satisfaction.

To provide real-time insights into the structural integrity of buildings and infrastructure, structural health monitoring systems are being seamlessly integrated with seismic protection equipment. This integration enhances the safety and reliability of structures, enables predictive maintenance, and facilitates early detection of potential issues.

Environmental and sustainability considerations are assuming greater significance within the seismic protection device industry. There is an enduring demand for environmentally friendly and energy-efficient solutions that minimize their ecological footprint while upholding performance and safety standards.

Key Takeaways:

• In 2022, the two leading regions in the global seismic protection device market maintained a consistent market share of approximately 57.3%.
• The global seismic protection device industry is forecasted to experience a Compound Annual Growth Rate (CAGR) of 3.8% during the assessment period from 2023 to 2033.
• Within the product category, dampers are expected to maintain their dominant position, surpassing US$ 1345.3 million in revenue by the year 2033.
• Notably, key participants in the seismic protection device industry collectively hold a substantial market share, accounting for approximately 50% to 55% of the total market.
• In terms of application, the commercial segment is anticipated to maintain a significant market share, estimated at around 35% in the year 2023.

 “High seismicity areas have historically been concerned with seismic protection. However, there is a rising level of awareness and market expansion in earthquake-prone emerging areas. Necessity of making investments in seismic protection measures to guarantee the security of their infrastructure is being acknowledged by governments and organizations in these areas.” – says a lead analyst Future Market Insights (FMI)

Competitive Landscape:

Establishing robust customer relationships and delivering exceptional customer service are pivotal elements for achieving success within the industry. Companies that offer comprehensive support, encompassing engineering proficiency, adept project management, and unwavering maintenance services, can distinguish themselves distinctly from their competitors. The cultivation of resilient customer relationships and the cultivation of a reputation characterized by dependability and rapid responsiveness can culminate in recurring business engagements and valuable referrals.

The competitive landscape is not uniform and exhibits variations across different regions. Companies holding a prominent presence in seismically active areas such as Japan, the United States, and New Zealand may inherently possess a competitive edge. This advantage is primarily attributable to their geographical proximity and extensive experience in mitigating the distinctive challenges posed by local seismic conditions. Moreover, the competitive dynamics within specific regions are notably influenced by the prevailing local regulations and building codes in force.

For instance,

• Sumitomo Metal Mining Siporex Co., Ltd, a company established in Japan, manufactures and sells equipment for controlling seismic vibration and isolation. SIPORIT, a seismic isolation system for buildings, and SICUBE, a seismic isolation system for bridges, are among the company’s offerings. In order to help clients, the corporation maintains a number of sales centers strategically positioned across the United States.

Find More Valuable Insights:

The research report analyzes the demand and trends of the global seismic protection device market. The market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and rate of urbanization.

As per Future Market Insights (FMI), the seismic protection device industry has been studied and segmented on the basis of product type (dampers, seismic joints, isolators), application (industrial, commercial, infrastructure), and regions. The report provides qualitative and quantitative information on various players in this market. This report also tracks the supply and demand sides of the market.

Key Segments:

By Product Type:

• Dampers
  • Fluid Dampers
  • Silicon/Friction Dampers
  • Steel Hysteresis Dampers (SHD)
• Seismic Joints
  • Flexible Joints
  • Expansion Joints
• Isolators
  • Base Plate Isolator
  • Elastomeric Isolators
    • Natural Rubber (NRB)
    • Lead Rubber (LRB)
    • Tin Rubber (TRB)
    • High Damping (HDR)
    • Screw Down Non-return Globe Valves (SDNR)
  • Slider
    • ESL
    • SL
    • CSL
    • SLR

By Application:

• Industrial
  • Exploration and Refineries
  • Aviation
  • Power Generation
  • Others
• Commercial
  • Hotels
  • Data Storage Centers
  • Healthcare Institute
  • Fire Response
  • Offices
• Infrastructure
  • Bridges
  • Residential High Rise Building
  • Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Russia & Belarus
• Balkan & Baltic Countries
• Central Asia
• South Asia and the Pacific
• East Asia
• Middle East & Africa

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

According to Future Market Insights (FMI), the MEMS oscillator market is anticipated to increase at a 9.8% CAGR between 2024 and 2034, from USD 1.45 Billion in 2024 to USD 568.76 Million by 2034, according to a recent analysis. The market is growing due to miniaturization trends and MEMS technology improvements, which are meeting the growing need for dependable, energy-efficient, and compact timing solutions in electronic devices. The sector is rising due to the increasing usage of mobile devices and the Internet of Things.

The need for MEMS oscillators is driven by the ongoing need for electronic devices that are lighter, smaller, and more power-efficient. Due to their compact design and enhanced functionality, MEMS oscillators are ideally suited to meet these evolving client needs. Furthermore, MEMS oscillators have a substantial market opportunity due to the rapid growth of the Internet of Things (IoT) ecosystem and the increased use of wireless communication technologies. These elements are advancing the sector and changing how consumers perceive and utilize technological products and services.

Maintaining high-frequency stability, essential for ensuring accurate timing in several applications, is a key difficulty. Specialized design and technical expertise are needed to provide stability in the face of external factors such as mechanical stress and temperature changes. Strict quality control procedures are also required to handle manufacturing variations that might compromise the consistency of performance. Organizations may take on these issues head-on by investing in research and development and continuously streamlining their production procedures.

Opportunities in the MEMS Oscillators Industry:

• Investing in companies specializing in MEMS oscillator manufacturing and related technologies can yield significant returns as the demand for MEMS-based timing devices continues to soar.
• The expanding applications across diverse industries, including automotive, telecommunications, and consumer electronics, offer a promising avenue for growth and expansion.
• Investments in research and development initiatives focused on enhancing frequency stability, reducing power consumption, and optimizing performance parameters can open new horizons of innovation within the industry.

Latest Trends in the MEMS Oscillators Market:

• The MEMS oscillators industry is influenced by evolving trends that shape its trajectory and pave the way for the future.
• The rising popularity of temperature-compensated MEMS oscillators is a notable trend, providing enhanced frequency stability across a wide range of operating temperatures.
• Integration of MEMS Oscillators with advanced sensing capabilities enables multifunctional applications in healthcare, environmental monitoring, and smart infrastructure.
• The growing focus on energy-efficient solutions drives the development of low-power MEMS oscillators, contributing to sustainable technological advancements.
• Staying attuned to these unique trends allows industry players to stay ahead of the curve, capitalize on emerging opportunities, and shape the future of MEMS oscillators.

“The demand for micro-electro-mechanical systems (MEMS) oscillators is expected to grow across various industries, particularly in the mobile and consumer electronics sectors. MEMS oscillators’ compact size and compatibility with smartphones, wearables, and IoT applications attract modern consumers. The automotive industry is also driving growth, as advanced driver assistance systems, infotainment systems, and in-vehicle networking require accurate timing components. Automotive manufacturers also seek oscillators that withstand harsh environmental conditions, such as temperature extremes and mechanical stress.” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

Key Takeaways from the MEMS Oscillator Market:

• The United States MEMS oscillator market is projected to experience a CAGR of 9.2% through 2034.
• The MEMS oscillator market in Germany is expected to demonstrate a rapid CAGR of 11.8% through 2034.
• MEMS oscillators demand in Australia is anticipated to see a CAGR of 10.5% through 2034.
• Sales of MEMS oscillators in India showcase an impressive CAGR of 16.2% through 2034.
• China MEMS oscillator market is expected to display an encouraging CAGR of 13.3% through 2034.

Competitive Landscape:

Strategic initiatives and technological advancements shape the global MEMS oscillator industry, with research and development centers, manufacturing facilities, and industry collaborations playing a crucial role. Investments in these centers drive innovation, improve precision and efficiency, and address diverse applications’ specific needs, focusing on temperature-compensated solutions and frequency stability.

Manufacturing facilities equipped with state-of-the-art production processes contribute to the scalability and cost-effectiveness of MEMS oscillators. Efficient manufacturing practices ensure a steady supply of high-quality products, meeting the demands of various industries.

The MEMS oscillator industry is shaped by collaborations and partnerships between technology providers, manufacturers, and end-users. These efforts drive innovation and standardization and accelerate the adoption of MEMS oscillators in emerging applications. Establishments like research and development centers, manufacturing facilities, and collaborative initiatives contribute to the industry’s evolution, enhancing technological capabilities and influencing its growth and market presence.

Recent Developments:

• The Defense Advanced Research Projects Agency selected Intel Labs in August 2023 to create a tactical-grade clock with microsecond precision for timing, navigation, and positioning. Intel Labs worked with IS4S, Carnegie Mellon University, and the University of Pennsylvania to keep PNT accuracy in a GPS-denied environment for a week.
• Researchers from the military of the United States asked the sector to create micro-mechanical oscillators in January 2024 so that portable gadgets could be precisely located and navigated in areas where GPS is incapable of operating. LeviTAS aims to develop small, shock-and vibration-resistant MEMS oscillators and sensors that can raise large loads.

Category-Wise Insights

Surface-Mount Device Package Dominates the MEMS Oscillators Industry

The MEMS oscillators industry is witnessing remarkable growth, with the Surface-Mount Device (SMD) package emerging as the dominating category. The SMD package segment, with its compact and space-efficient design, captures a remarkable CAGR of 33.8% in 2023 throughout the forecast period. The SMD package’s miniaturization capabilities make it an ideal choice for smaller electronic devices, such as smartphones, wearables, and IoT devices. Its compatibility with automated manufacturing processes ensures efficient mass production and streamlined assembly, reducing manufacturing costs and improving overall productivity. Additionally, the SMD package provides high performance and reliability, meeting the stringent requirements of various industries.

Surface-Mount Device Package Reigns Supreme in the MEMS Oscillators Industry

Within the MEMS oscillators industry, the MHz segment takes the lead as the dominating category. With a remarkable CAGR of 33.4% from 2023 to 2033, the MHz segment captures a significant market share. This dominance can be attributed to several factors. The demand for high-frequency MEMS oscillators in applications requiring precise timing and synchronization is rapidly increasing.

The MHz segment caters to the needs of industries such as telecommunications, aerospace, and defense, where fast and accurate signal processing is essential. Moreover, the MHz segment aligns with the growing trend of high-speed data transfer and the expansion of 5G networks, driving the adoption of MEMS oscillators operating in the MHz frequency range

Key Companies in the Market:

• Cardinal Health, Inc.
• Maxim Integrated Products, Inc.
• Microchip Technology, Inc.
• CTS Corporation
• Diodes, Inc.
• SiTime Corporation
• Vectron International
• IDT (Integrated Device Technology)
• IQD Frequency Products Ltd.
• Abracon
• TXC Corporation
• Silicon Laboratories Inc.
• Rakon Limited
• Epson Electronics America Inc.

Preview Report: https://www.futuremarketinsights.com/reports/mems-oscillators-market

MEMS Oscillator Market Segmentation Analysis:

By Packaging:

• Surface-Mount Device Package
• Chip-Scale Package

By Band:

• MHz
• kHz

By General Circuitry:

• SPMO
• VCMO
• DCMO
• TCMO
• FSMO
• SSMO

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa

About Future Market Insights – Industrial Automation Division:

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

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.

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

The global mining hose market size is estimated to reach USD 837 Million by 2034.

The global lightning arrester market share is estimated to surpass USD 1627.2 Million by 2034.

The global ESD safe matting market revenue is estimated to cross USD 186.8 Million by 2034.

The global heat pump industry is predicted to drive past USD 136.2 Billion in 2034.

The global mobile crane sales are predicted to grow at a CAGR of 6.7% from 2024 to 2034.

The global inflatable tent market valuation is predicted to reach USD 2307.9 Million by 2034.

The global bridge bearing industry is to expand at 4.80% CAGR from 2024 to 2034.

The global casing pipe market share will surpass USD 22,738.90 Million by 2034.

The global deflaker market size is anticipated to reach USD 1,232.6 Million in 2034.

The barcode scanner market share is projected to surpass USD 14.88 Billion by 2034.

About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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 Europe photovoltaic mounting system market has exhibited robust year-on-year growth, recording an impressive 9% surge in 2022, propelling the market value to a noteworthy US$ 35.7 billion by the end of the same year. Future Market Insights (FMI), an ESCOMAR certified market research and consulting firm, unveils a promising trajectory for this industry, forecasting a substantial leap from US$ 40.6 billion in 2023 to an estimated US$ 178.7 billion by 2033. This surge is poised to be driven by a notable Compound Annual Growth Rate (CAGR) of 16% during the forecast period spanning from 2023 to 2033.

Key Trends Paving the Path for Market Progress:

Rapid Adoption of Renewable Energy: The escalating global shift towards renewable energy sources, particularly solar energy, is poised to fuel the rapid expansion of the Europe photovoltaic mounting system market. This burgeoning demand is driven by the increasing adoption of photovoltaic systems across various European nations.

Cost Efficiency: The decreasing costs associated with photovoltaic installation and energy storage systems is creating a fertile ground for photovoltaic mounting system manufacturers across Europe. This cost-effectiveness is contributing to a surge in market demand.

Environmental Awareness: The growing concern over energy prices and the depletion of fossil fuels has led to an environment conducive to the growth of the photovoltaic mounting system market in Europe. Favorable government initiatives and schemes further contribute to this burgeoning demand.

Browse Full Report Here

Drivers Fueling Photovoltaic Mounting System Demand in Europe:

Supportive Regulatory Environment: Europe’s pro-renewable energy policies, including feed-in tariffs, net metering, and renewable energy targets, have incentivized the adoption of photovoltaic systems. This regulatory framework is fostering a favorable market environment, driving demand for photovoltaic mounting systems.

Renewable Energy Targets: European countries have set ambitious renewable energy targets as part of their climate commitments. The European Union’s Renewable Energy Directive, with a binding target of 32% renewable energy by 2030, has spurred investments in solar energy projects, thus boosting demand for photovoltaic mounting systems.

Distinguishing Characteristics of the Adjacent Photovoltaic Mounting System Market:

The Europe photovoltaic mounting system market, while connected to the solar inverter market, exhibits distinct features:

Solar inverters are essential for converting solar panel electricity, while photovoltaic mounting systems focus on securely installing panels.

The growth of the European solar inverter market is driven by rising solar PV adoption and supportive policies.

Although related, the photovoltaic mounting system market’s focus on physical structures may result in a smaller market size compared to solar inverters.

Germany Leading the Renewable Energy Transition:

Germany, with its strong inclination towards renewable energy resources and substantial government support, is anticipated to remain a pivotal market for photovoltaic mounting systems in Europe. FMI predicts a staggering 17.8% CAGR for Germany’s photovoltaic mounting system market during the assessment period. By 2033, the country’s market valuation is projected to reach an impressive US$ 42.2 billion.

Competitive Landscape:

The Europe photovoltaic mounting system industry boasts a blend of established and emerging players. Leading manufacturers, including-

• Schletter GmbH,
• Renusol GmbH,
• Schletter Group,

are in a competitive race to offer innovative, reliable, and cost-effective mounting solutions.

Europe Photovoltaic Mounting System Market Segmentation

By Product Type:

• Rooftop
• Ground Mounted
• Carport Mounting Structure

By Sales Channel:

• Business to business (B2B)
• Business to Customer (B2C)

By Material Type:

• Aluminum
• Steel
• Others

By Technology:

• Fixed
• Tracking

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 plumbing fitting & fixtures market is poised for steady growth, with a projected valuation of USD 164.8 billion by 2033. This expansion is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 5.7% from 2023. The market is already well-established, with a strong foundation of USD 89 billion in 2022 and an expected increase to USD 94.3 billion in 2023.

The growth of the plumbing fitting & fixtures market is driven by the increasing demand for these essential components in both residential and commercial sectors. Plumbing fittings and fixtures are crucial for the efficient flow and management of water and other fluids in various settings. From homes and commercial buildings to industrial facilities and hospitality establishments, these solutions are vital for maintaining modern living standards and operational efficiency.

Browse Full Report Here

Driving Forces for Growth: Plumbing Fittings & Fixtures Market Trends

The dynamic forces of increasing urbanization and rapid commercialization are poised to usher in substantial expansion within the plumbing fittings & fixtures market. A noteworthy catalyst is the escalating emergence of eco-friendly and smart homes, adding impetus to market growth. The rising consumer penchant for enhancing the aesthetic allure of residences has notably propelled the market’s positive trajectory.

Furthermore, escalating demands for plumbing fittings & fixtures within the residential sector, alongside the execution of public infrastructural ventures encompassing malls, airports, and hospitals, are cultivating promising avenues for market growth.

The rapid pace of technological evolution in manufacturing, coupled with the introduction of novel and innovative products, is synergistically propelled by the robust growth of the construction industry and ongoing research and development endeavors, collectively fueling market expansion.

Of significant impact is the proliferating adoption of smart plumbing systems, water-efficient fixtures, and digital monitoring tools, rendering potential to significantly shape the market landscape. Innovations offering enhanced functionality, convenience, energy efficiency, and water conservation are garnering traction and driving the overarching market surge.

Key Insights:

• During the period spanning from 2018 to 2022, the market exhibited robust demand growth, reflecting a notable Compound Annual Growth Rate (CAGR) of 7.0%.
• Delineating by product type, the bathroom fixtures & fittings segment commands a substantial share, characterized by a steady CAGR of 5.6%.
• In terms of application, the residential sector stands as a prominent growth driver, anticipated to expand at a CAGR of 5.4% throughout the projected timeframe.
• Emerging onto the landscape, North America showcases promising potential, poised to attain a commendable CAGR of 5.7%.
• Meanwhile, the Asia Pacific region emerges as an opportune market, projected to harness growth momentum, with an estimated CAGR of 5.5% foreseen during the forecast period.

Competitive Landscape and Noteworthy Developments:

Eminent contenders within the plumbing fitting & fixtures market encompass American Bath Group, American Standard Brands, Asahi Eito Co., Ltd., Cera Sanitaryware Ltd., Elkay Manufacturing Company, among other significant players.

Noteworthy Market Developments Encompass:

• July 2022: A pivotal collaboration took shape between Zurn Water Solutions and Elkay Manufacturing, culminating in the establishment of Zurn Elkay Water Solutions. This collaboration has birthed one of the preeminent providers of water management solutions, dedicated to enhancing both health and the environment. This combined entity boasts an extensive product array catering to diverse vertical segments. It offers solutions for vital sectors such as education and healthcare, addressing water quality and conservation challenges.
• Masco Corporation: Positioned as a global frontrunner in the realm of plumbing fittings and fixtures, Masco Corporation holds a commanding presence. Their multifaceted product range, encompassing well-known brands like Delta Faucet, Hansgrohe, BrassCraft, and Liberty Pumps, reflects their industry leadership. This array incorporates an array of items, ranging from faucets and showers to toilets, sinks, and various plumbing accessories.

Key Segments Covered:

By Product Type:

• Bathroom Fixtures & Fittings
• Kitchen & Sink Fixtures & Fittings
• Toilet & Sink Fixtures & Fittings
• Others

By Application:

• Residential
• Commercial

By Region:

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