Cyclic Ketones Market Competitive Growth Strategies Based on Type, Applications, End User and Region

According to latest research conducted by Future Market Insights, the global market of ketones is anticipated to grow with a CAGR of 4.5% to 6% during the coming assessment period of 2021-2031. The demand for the cyclic ketones are expected to remain in a higher state for the production of nylon. Further the demand for solvent and precursor to polymers will increase the consumption rate of this category of ketone.

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What is Driving Demand for Cyclic Ketones?

As most of the ketones are cyclic in nature, the larger derivatives like cyclohexanone and cyclopentanone have significant applications in various chemical industries. With the growing demand in the textile industry for the most common polymer usage such as, fibers i.e. Nylon used for sports apparel and gym equipment.

The demand of cyclohexanone is also expected to increase as the functional group where it acts as an intermediate and is consumed for the production of precursors like caprolactam and Adipic acid. Growing demand of cyclohexanone primarily as a chemical intermediate and as a solvent for various lacquers like paints, and resins is expected to be observed in the coming years.

The compound cyclopentanone is a key driver for the market of cyclic ketones as it has a number of applications in the synthesis of several chemical compounds in pharmaceutical industries and its use as an aroma chemical in perfumes & aroma industry.

Adoption of Sustainable Energy Goals to Boost Demand for Cyclic Ketones

Due to the high use of depleting non-renewable sources of energy like Petrol, diesel, etc., and the resulting pollution concerns, various international industry associations as well as government regulators have begun drawing up time bound goals for adoption of sustainable and bio-based energy sources. Key players in the energy sector are now focusing on developing new fuels that are ideal energy sources for combustion engines, which will also results in higher engine performance and lower GHG emissions.

As cyclic ketones are one of the bio-derived fuels that have high resistance to auto-ignition which further can improve engine performance and reduces unhealthy emissions which could be the potential alternatives to petroleum based fuels in future. The growing demand for use of renewable sources of energy or use of clean energy in the various developing and developed economies all around the world can benefit the sales of the cyclic ketones in the coming years due to its desirable combustion characteristics to become a source of sustainable energy in future.

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Who are the Key Manufacturers and Suppliers of Cyclic Ketones?

Some of the leading manufacturers and suppliers include:

  • BASF SE
  • Gujarat State Fertilizers and Chemicals Ltd
  • Alfa Aesar
  • Asahi Kasei Corporation
  • Sigma-Aldrich
  • Zeon Chemicals
  • Zhejiang NHU Co., Ltd
  • Xinyi Dongsheng Chemical Co., Ltd
  • Shandong Guorun Chemical Co., Ltd
  • Company eight

Cyclic Ketones Market Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth

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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 industry 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 consumersz

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Global Electrical Enclosure Market Remains Positive With The Market Value Expected To Increase At A CAGR Of 4.9% During 2022-2028

Global sales revenue of electrical enclosures is estimated to be valued at US$ 62.22 Bn by the end of 2022. China is estimated to account for a value share of 37.1% in the global electrical enclosure market by 2022 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the various drivers and restraints likely to impact revenue growth of the market during this period.

Future Market Insights delivers key insights on the global electrical enclosure market a new publication. The long-term outlook on the global electrical enclosure market remains positive with the market value expected to increase at a CAGR of 4.9% during the forecast period (2022-2028). Among the end use segments in the electrical enclosure market, the industrial segment is expected to expand at a significant CAGR in terms of value as well as volume over the forecast period.

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An electrical enclosure is a container/ box that encloses electrical connections for safekeeping as well as to ensure the safety of the general public. The whole point of an electrical enclosure box is to keep wires safe, free from dirt and dust and secured.

Rapid Growth of Renewable Power Generation Key Growth Driver

Most of the end users are now shifting their focus to alternative forms of power or energy rather than depending on energy generation by fossil fuel operated power generators. These alternative forms of energies – for instance, wind power, solar power and other forms of renewable energy are gaining popularity among all types of end users. Additionally, carbon emission and dependency on fossil resources is increasing day-by-day.

Thus, in order to control this dependency, usage of renewable energy sources such as wind and solar energy is likely to be the new trend in the energy and power industry. Establishment of these power generation facilities will increase the demand for electrical enclosures in the upcoming years. Many countries such as the U.K. and Germany among others, are planning to adopt renewable energy sources, which is expected to further increase the demand for electrical enclosures for transmission and distribution.

Capacity Addition Plans and Installation of New Grids to Power the Electrical Enclosure Market

The governments of various countries have planned to make huge investments on numerous projects to provide better electricity services. For instance, the government of Russia has devised plans such as the GOELRO plan, Russian SFSR Electrification Plan, and Railway Electrification Plan among others, for establishing new power grids to provide electricity in the rural areas of the country.

These plans are being supported by the State Commission for Electrification of Russia. Also, the government is focussing on installing new transmission lines in order to create a national grid and also to develop railway electrification, which will in turn boost the demand for electrical enclosures. These planned investments across various sectors such as infrastructure, power, and railways among others, will drive significant growth in the electrical enclosure market.

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Need for Integration of Grid Infrastructure

Increasing transmission and distribution activities across the globe have increased the demand for installations of enclosures, which in turn, is driving the market of electrical enclosures. Transmission and distribution expansion, along with urbanisation, is necessary for the development of industrial and manufacturing sectors.

Some countries, such as GCC countries and Turkey have the potential to become the hub for many manufacturing industries, which will increase the demand for electrical enclosures owing to rapid industrialisation. By material type, metallic enclosures will witness supreme demand as they have a longer life and reduce the risk of fire hazards. Climate control enclosures can work in extreme climatic conditions and are ideal for use in several regions, thereby driving demand in the global market.

Segmentation Analysis

The electrical enclosure market is segmented on the basis of product type into junction enclosure, disconnect enclosure, operator interface enclosure, environment and climate control enclosure and push button enclosure.

On the basis of product type, the junction enclosure segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The junction enclosure segment is estimated to grow at a relatively high CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 1,691.2 Mn between 2018 and 2028.

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By Segmentation:

By Product Type 

  • Junction Enclosures
  • Disconnect Enclosures
  • Operator Interface
  • Enclosures
  • Environment and Climate
  • Control Enclosures
  • Push Button Enclosures

By Material Type

  • Metallic
    • Aluminium
    • Mild steel
    • Stainless Steel
  • Non-Metallic
    • Fiberglass
    • Polycarbonate
    • Polyester
    • ABS

By Design 

  • Standard Type
  • Custom Type

By Configuration

  • Wall Mount Enclosures
  • Floor Mount Enclosures
  • Freestanding Enclosures

By End Use Sector

  • Industrial
  • Residential and Commercial

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)

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 industry 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.

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Electric Motor Market Will Rise At 5.6% CAGR Between 2021 And 2031

Driven by increasing focus on research and development and investment in Industrial sector, the electric motor market will rise at 5.6% CAGR between 2021 and 2031 in comparison above 3.8% CAGR registered during 2016-2020.

Global sales of electric motors are set to be valued at over US$ 104 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 5.1% CAGR from 2021 to 2031.

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Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market.

Key Point:

<1HP. Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.

The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.

East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.

Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.

The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

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Compititive Landscape:

Companies operating in Electric Motors market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity and address the demand of an expanding consumer pool.

For instance, In, On January 24, 2019 Bosch assumed full control of of EM-motive, one of Europe’s most successful manufacturers of electric motors.

On August 3rd, 2021, Nidec Corporation acquired stocks of Mitsubishi Heavy Industries Machine Tool Co., Ltd. and announced an outline for its new subsidiaries.

Manufacturers are also focusing on the expansion of their product portfolio to maintain high customer base across the globe

For instance, On 5 Feb, 2021 Johnson Electric Launches Low Voltage DC Motor Solutions for Smart Furniture. The LVDC motor solutions are designed for actuators used in smart recliners, height adjustable desks, hospital beds and other smart furniture products.

On February 16th, 2021 Regal announced a collaboration with Rexnord’s PMC segment to create world-class power transmission technology.

Key Player:

General Electric

Robert Bosch GmbH

Hitachi, Ltd.

Nidec Corporation

WEG S.A.

Siemens AG

ABB Group

Regal Beloit Corporation

Toshiba Corporation

Johnson Electric

Hyosung Corporation

Schneider Electric SE

Bonfiglioli Riduttori S.p.A.

Kirloskar Electric Company Ltd.

Allied Motion Technologies Inc.

East West Manufacturing, LLC

Hyundai Electric Co. Ltd.

North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the U.S. is expected to be the largest market in North America and reach US$ 40.4 Bn by 2031.

The United States’ highly developed end-use sectors are supporting the market growth. Overall industrial spending grew at a rate of about 4.6 percent in 2019 than overall economic growth of 4.0 percent in the United States calculated by Gross Domestic Product (GDP), according to CMS’ Office of the Actuary estimates.

Furthermore, the U.S. is home to technically advanced industrial sector in the world, making it a lucrative market for electric motors manufacturers, as it exhibits high demand for robotics and automation for industrial as well as residential applications.

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By Segmentation:

Power Output:

<1HP

1-5HP

5 – 10 HP

10 -20 HP

20 – 50 HP

50 – 100HP

100 – 300 HP

300 – 500HP

Above 500HP

Product Type:

AC Motor

Induction Motor

Synchronous Motor

DC Motor

Brushed DC

Brushless DC

By Application:

Pumps

Fans

Drives

Compressor

General Machinery

Centrifugal Machinery

Grinders

Extruders

Robotics

Others

By End Use:

Industrial

Oil & Gas

Power Generation

Mining

Food & Beverages

Pulp & Paper

Chemicals

Air Separation Plant

Other Manufacturing

Residential

HVAC & Refrigeration

Medical

Municipal Water Treatment

Transportation

Automotive

Aviation

Electric vehicles

Railways

Boats

Others

By Region:

North America

Latin America

Europe

East Asia

South Asia & Pacific

Middle East and Africa (MEA)

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 industry 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.

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Pickling Chemicals Market Research Report 2022 – Global Forecast till 2031

Pickling chemicals are the special kind of chemicals which are utilized for the treatment of the surfaces of a metal including iron, copper, aluminum, and alloys for the removal of impurities like rust, scales, stains and other inorganic contaminants. Continuous flow of water, concentrated water, various kinds of beverages, and many more substances through the piping and equipment in several process industries results in the formation of scales in the inner surfaces of the pipes and equipment which is essential to be removed otherwise it will result in the corrosion of the materials.

Metal surfaces and steel surfaces contains various kinds of impurities including scales, rust and many others which must be removed before using the material for a processing or before plating or electroplating the material substance.

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What can be the Growth Factors and Challenges for the Global Pickling Chemicals Market:

Increasing demand of processed food and beverages as well as production of specialty chemicals is anticipated to create significant growth opportunities for the pickling chemicals owing to the increasing use of the metal surfaces in the piping and equipment in various process industries.

Further the increasing manufacturing plants all over the world will give a boost to the usage of several metal surfaces mainly the stainless steel, carbon steel and other alloys which will indirectly enhance the demand of the pickling chemicals in the coming years. Moreover, formations of rust in various metal surfaces used in several other sectors like electroplating, automotive, and power generation industries will cater considerable market growth opportunities for the pickling chemicals during the forecast period.

Briefly explain the impact of Covid-19 Pandemic in the Global Market of Pickling Chemicals:

With the ongoing Covid-19 pandemic and severe lockdowns across manufacturing sector, the production output and related supply chain indices have dipped to a considerable extent. The same has been observed in the chemical industry including pickling chemicals wherein reduced working of the process industries in the initial quarters of 2020 has impacted the growth of the pickling chemicals to a tepid rate.

However, with the initiatives taken by the regional governments to recover the economic growth and improve the performance of the related end use verticals sectors, the pickling chemicals is expected to attain the desirable growth from the resultant demand in the coming quarters.

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Briefly Give an Overview for the Regional Outlook for the Pickling Chemicals Market:

Asia pacific region is anticipated to be the prominent region for the pickling chemicals mainly in China, Vietnam, Indonesia and India owing to the presence of hefty number of chemical process industries, food and beverages and electroplating industries.

Latin America and Africa is expected to show a significant growth in the market of pickling chemicals during the forecast period due to growing industrial activities and establishment of various manufacturing plants. North America is another key region for the pickling chemicals market due to the presence of established chemicals processing industries, several recycling centers, food and beverage industries and many more.

Name some of the Key Players for the Global Pickling Chemicals Market:

Some of the key market participants in the global pickling chemicals, identified across the value chain includes:

  • Callington Haven Pty Ltd.
  • Wilhelmsen
  • Avesta Finishing Chemicals
  • Quaker Chemical Corporation
  • Chemtex Specialty Limited
  • Böhler Welding
  • BASF SE
  • Surface Innovation LLP
  • Septimo Chemicals pvt. Ltd.
  • Hereford & Shropshire Galvanizers

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Russia, Turkey)
  • South Asia (India and ASEAN countries)
  • East Asia (China, Japan, South Korea)
  • Oceania (Australia  and New Zealand)
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

Report Highlights:

  • Detailed overview of pickling chemicals market
  • Changing market dynamics in the pickling chemicals industry
  • In-depth pickling chemicals market segmentation
  • Historical, current, and projected pickling chemicals market size in terms of value and volume
  • Recent industry trends and developments in the global pickling chemicals market
  • Competitive landscape in the market of pickling chemicals
  • Strategies of key players and products offered in the global pickling chemicals market

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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 industry 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 consumersz

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Global Carbon Brush Market Size Is Projected To Total US$ 3.6 Bn By 2029

The choice of a carbon brush is a critical factor as its performance has a significant impact on the operation of the rotating machine. It also plays an important role in sending the electrical current between rotating and motionless parts by sliding contact.

As per the report, the global carbon brush market is projected to observe remarkable growth during the forecast period, owing to the aspects such as rising demand from industrial applications, automotive, and electrical hand tools. Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014–2021 and Market Forecast 2022–2029’, scrutinizes the carbon brush market, and offers critical insights for the forecast period between 2022 and 2029.

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East Asia Projected to Offer Noteworthy Growth Opportunities to the Carbon Brush Market Players

The global carbon brush market is considerably consolidated, with the top 4 players accounting for around one-fourth share of the overall market.

Apart from these 4 players, there are few players in the market that have established themselves at domestic and as well as global levels. Subsequently, market players involved in the carbon brush market are poised to expand into lucrative regions, and are also expending their manufacturing facilities to cater to the ever-growing demand.

In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, because of the increasing production and consumption of carbon brushes in China. Beside East Asia, North America, including countries such as the U.S. and Canada, is also anticipated to be a lucrative region for the carbon brush market.

The increasing consumption of electrical appliances, industrialization, and surge in automobile sales are some of the cited factors driving the growth of the carbon brush market in East Asia.

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Motor Segment, by Application Type, and Industrial Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast Period

Based on product type, the electro graphite segment is expected to remain a dominant segment in the forthcoming years, accounting for a protruding share in the global carbon brush market throughout the forecast period. In terms of the growth rate, the electro graphite segment is considered to project relatively higher growth in the coming years.

On the basis of application, the motor segment is estimated to account for nearly one-third of the market size, owing to their vast applications in various end-use verticals. Based on sales channel, the aftermarket segment is estimated to account for nearly two-third of the market size throughout the forecast period.

Carbon brushes have significant applications in various end-use industries such as automotive, electrical hand tools, industrial applications, household appliances, security and defence, petrochemicals, energy, and healthcare, among others.

The industrial applications segment is projected to be one of the prominent end-use industry segments in the carbon brush market, and is expected to account for more than one-third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find important application in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.

Carbon Brush Market: Vendor Insights

The report highlights some of the market players that are prominent and are leaders in the global carbon brush market.

Some of the examples of the key players in this market are Morgan Advanced Materials, Mersen SA, Robert Bosch GmBH, Schunk GmBH, Toyo Tanso Co., Ltd, Pelican Carbon Brush Pvt. Ltd, Helwig Carbon Products Inc., Aupac Co., Ltd, Assam Carbon Products Limited, Naeem Carbon & Industrial Products LLP, Phynyx Industrial Products Pvt. Ltd, and National Carbon Brush Products, among other players.

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Key Segment: 

Product Type :

  • General Graphite
  • Metal Graphite
  • Carbon Graphite
  • Electro Graphite
  • Silver Graphite
  • Resin- Bonded Graphite
  • Others (Impregnated)

Application :

  • Motor
  • Generator & Alternator
  • Current & Signal transmission
  • Grounding Devices
  • Others

Sales Channel :

  • OEM
  • Aftermarket

End Use :

  • Automotive
  • Electrical Hand Tools
  • Industrial Application
  • Household Appliances
  • Security & Defense
  • Petrochemical
  • Energy
  • Healthcare

Region :

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

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 industry 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:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

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Aerial Work Platform Marketis Set To Grow At 12% CAGR Between 2021 And 2031

High growth in the aerial work platform market is supported by the surge in application across diverse industries. Increasing need for aerial work platforms in construction, mining, transport & logistics, aerospace and defense industries among others will remain a chief contributor towards growth. According to FMI, the market is set to grow at 12% CAGR between 2021 and 2031.

Increasing the number of urban and rural infrastructure projects to meet the needs of the increasing population around the world is generating endless growth avenues for the aerial work platforms market. According to Future Market Insights (FMI), the aerial work platform market is expected to surpass US$ 7.09 Bn by 2021. The demand for aerial work platforms is increasingly growing in the general infrastructure and manufacturing sectors. It has become popular between small & giant construction firms and maintenance agents.

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In addition, massive government spending on infrastructure projects such as highways, rail, water conservation, and power generation is likely to create lucrative business opportunities over the next few years. However, low availability of qualified machine operators and massive costs incurred during the procurement of equipment are some of the factors that might impede the growth.

Moreover, the rapid development for equipment from myriad industries has pushed manufacturers to sell technically fitted instruments such as electrification and hybridization technology, thus further widening the potential of development over the near future for the market for aerial work platforms. Scissor lifts are likely to remain highly preferred, accounting for over half of aerial work platform sold through 2031.

Key Takeaways of Aerial Work Platforms Market Study

  • Between 2021 and 2031, the aerial work platform market will expand at a CAGR of 12.0%
  • The U.S. will emerge as a highly lucrative pocket, accounting for over 90% of North America market in 2021, in terms of value
  • The U.K. will exhibit steady growth post slowdown in 2020. FMI projects it to record above 1.5% Y-o-Y growth in 2021
  • Rising construction spending will continue supporting demand from Germany and France
  • Investment in infrastructural development will boost growth in Japan, South Korea, and China

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“While investment towards technological improvements remains a key focus, key market players are expected to mostly rely on rental businesses to expand their footprint. Besides this, some of the companies are incorporating sensors in aerial work platforms to help them detect potential obstruction averting risk of accidents on site,” said a lead analyst at FMI

Who is Winning?

Some of the leading companies operating in the aerial work platforms market are Terex Corporation,   J C BAMFORD EXCAVATORS Ltd., Aichi Corporation, Haulotte Group, Linamar Corporation, Hunan Sinoboom Heavy Industry Co. Ltd., Manitou Group, Tadano Limited, Zhejiang Dingli Machinery Co., Ltd., OSHKOSH CORPORATION, MEC AERIAL WORK PLATFORMS, PALFINGER AG, IMER INTERNATIONAL SpA,    MANTALL HEAVY INDUSTRY CO., LTD, NOBLELIFT INTELLIGENT EQUIPMENTCO.,LTD. These companies have been focusing on product launches besides strategic collaborations to gain competitive advantage.

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Key Segment: 

Product Type

  • Boom Lifts
  • Scissor Lifts
  • Truck/Crawler Mounted Lifts
  • Push Around Aerial Work Platforms
  • Spider Lifts
  • Others

Platform Working Height

  • Below 10 Meters
  • 10 to 20 Meters
  • 20 to 30 Meters
  • Above 30 Meters

Fuel

  • Gas/ Diesel
  • Electric
  • Hybrid

End User

  • Industry
  • Construction
  • Mining
  • Transportation and Logistics
  • Manufacturing
  • Aerospace and Defence
  • Others (Utility, Government etc.)
  • Rental Providers

Region

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

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 industry 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.

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Report: https://www.futuremarketinsights.com/reports/aerial-work-platforms-market

Global Industrial Fire Extinguisher Market To Expand At Over 5.5% CAGR Through 2031

The global fire extinguisher market is expected to expand significantly during the assessment period. Increasing construction activities for the creation of commercial spaces, new industrial plants, and the launch of new housing projects, coupled with the introduction of strict fire safety regulations, are contributing to the global fire extinguishing market.

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

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Increasing industrial and commercial sector applications of fire extinguishers, coupled with implementation of stringent regulations and building codes are likely to result in increasing demand over the forecast period.

However, the ongoing crisis caused by COVID-19 pandemic has severely impacted the global economy. It has resulted in a complete shutdown of the supply chain networks and manufacturing activities. This also has negatively impacted the overall operations in the fire extinguisher market.

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

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

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Key Takeaways of the Fire Extinguisher Market Study

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

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

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Competitive Landscape

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

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

 Key Segment:
By Product Type 

  • Water
    • Air-Pressurized Water
    • Water-Mist
  • Foam
    • Aqueous film-foaming foam
    • Compressed air foam system
    • Others
  • Wet Chemical
    • Potassium Acetate
    • Potassium Carbonate
    • Potassium Citrate
  • Dry Powder
  • Carbon Dioxide
  • Dry Chemical
  • Others

By Fire Type

  • Class A
  • Class B
  • Class C
  • Class D
  • Class K

By End Use

  • Residential
  • Commercial
  • Industrial
  • Public Areas
  • Others

Region

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

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 industry 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.

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Report: https://www.futuremarketinsights.com/reports/Fire-Extinguisher-Market

EUV Lithography Market Is Projected To Register 21.5% CAGR Between 2022 And 2029

The market is driven by growing technological advancements for high volume manufacturing of microchips that are significantly used in several applications. The Global EUV Lithography Market is estimated to grow at a CAGR of 21.5% during the forecast period.

Miniaturization of integrated circuits and microchips, elevated wafer production, and consistent growth of the semiconductors industry are anticipated to propel the adoption of EUV lithography into chip manufacturing across the globe. EUV lithography market is estimated for a staggering CAGR of 21.5% during the forecast period of 2022-2029.

FMI has identified Asia Pacific to remain a key market for EUV Lithography System owing to the rising internet penetration as well as developing technology. The region is estimated to witness a value CAGR of 23.6% in the EUV Lithography market over the forecast period. 

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Key Takeaways

  • Reduction of microchip sizes to incorporate them into shrinking semiconductors is one of the prime factors that resulted in the development of EUV lithography technology.
  • Emergence of artificial intelligence (AI), machine learning, industrial IoT (IIoT), and autonomous driving has been driving miniaturization of microchips, subsequently creating the need for EUV lithography in chip manufacturing.
  • Constant innovation, R&D, and retrofitting of installed systems to improve wafer production, are anticipated to remain key trends in the EUV lithography market.
  • Integrated device manufacturers (IDM) and foundries are projected to create bulk of the demand for EUV lithography systems, as they are responsible for majority of the microchip and integrated circuit (IC) demand across industries.
  • Acquisition of stakes in key technology-based companies to complement product development is anticipated to remain a prominent trend in the market.

Currently, many IDMs and foundries are cautious in the adoption of EUV lithography in chip manufacturing, given the infancy of the technology and high upfront costs. However, with continuous innovation and R&D, products are expected to become more efficient and cheaper.

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EUV Lithography Market – A Monopoly

The EUV lithography market is led by a single manufacturer. ASML is the sole manufacturer of EUV lithography systems in the world today and holds a monopoly in the market. The company is focused on acquiring stakes in key companies, which provide supporting technology for the manufacturing of EUV lithography systems. It is also engaged in collaborations with solution providers to help in R&D and development of future generations of EUV lithography systems.

Will EUV Dominate Lithography Systems?

In the present lithography market, EUVs are a new and upcoming technology, with the first commercial product being sold in 2016. Given their ability to process light onto microchips of very small surface and with the growing adoption of technologies demanding miniaturization of microchips, EUV lithography market is anticipated to capture a huge market share of lithography systems in the coming years.

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Know More About Report Inclusions

Future Market Insights’ new market research report on the EUV lithography market includes global industry analysis for 2014–2021 and opportunity assessment for 2022–2029. The report details EUV lithography market demand by end use across three different regions, Americas, EMEA, and Asia Pacific.

The research report also offers global consumer electronics demand trend, impact of wide-scale 5G technology and IoT adoption, wafer production trends, installed base of EUV lithography systems as well as market demand patterns across the mentioned regions.

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 industry 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.

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Future Market Insights,

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Report: https://www.futuremarketinsights.com/reports/euv-lithography-market

Transformer Monitoring System Market Is Forecast To Register 10.1% CAGR Between 2021 And 2031

The transformer monitoring system market sales will total US$ 2 billion in 2021. Demand outlook remains impressive as the market is forecast to register 10.1% CAGR between 2021 and 2031. The transformer monitoring system market exhibited year-on-year growth of 10.9% in 2021, backed by increasing adoption of green transformers leading to up-gradation of associated monitoring system and growing emphasis on improving reliability of power grid. FMI states that, transformer monitoring system market revenue grew by 8.5% between 2016 and 2020. It is predicted that sales revenue will reach US$ 2 billion in 2021 with an astronomical CAGR of 10.1%.

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Governments around the world are focusing on electrifying their rural areas. This has created a large and complex power and grid network. Transformer monitoring system helps in monitoring, inspecting, and maintaining such network and assists in limiting power outage due to transformer failure. These factors along with increasing investment to upgrade the ageing power infrastructure to cater the increasing demand of electricity will boost the market growth over the forecast period.

Green transformers are gaining popularity due to its low carbon footprint and high efficiency and reliability. To monitor these new transformers retrofit installations are required. Increasing renewable energy penetration and rising sales of green transformers will accelerate the demand for retrofit transformer monitoring system in upcoming years.

According to International Energy Agency, global electricity consumption reached 22,848 TWh in 2019. China, India, Russia, and Brazil account for more than 39% of global consumption. Rise in electricity consumption in developing countries will boost the market sales over the forecast period.

Top manufacturers are striving to reduce the installation cost of the monitoring system and make them more reliable and accurate. However, unpredictability in terms of regulatory policies and strained supply chain system are the key challenges influencing the global market for transformer monitoring systems.

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Key Takeaways from FMI’s Transformer monitoring system Market Study

  • North America transformer monitoring system market will exhibit stupendous growth at 10.6% CAGR through 2031, due to rapid industrialization, growing necessity to upgrade monitoring system with respect to transformers in U.S. and Canada.
  • Europe transformer monitoring system market led by Germany is forecast to grow at 7.6% CAGR during the forecast period. Rise in growth can be attributed to rising adoption of green transformers and presence of leading manufacturers in the region.
  • Incorporation of modern monitoring system to tackle power outage and related issues in urban area will drive the demand for transformer monitoring systems in India.
  • Japan and South Korea account for 3% of global transformer monitoring system market share in 2021. Increasing need to monitor large and complex power network and high demand of retrofits installation are key growth drivers in these countries.
  • By product type, software segment is projected to surpass the market valuation of US$ 277 at a CAGR of 10.3% in 2021. Advancement in big data analytics and introduction of internet of things (IoT) in monitoring system will drive the market growth of this segment.

“It will be interesting to see how modernization in electricity transmission system will influence the demand for transformer monitoring system during the forecast period. Rising necessity to upgrade monitoring system to comply with green transformers will boost the market growth in upcoming years,” says the FMI analyst.

Who is Winning?

Future Market Insights highlights the key trends emerging in the transformer monitoring system market and discusses the strategies employed by market players to strengthen their market position.

FMI estimated that the power transformer market is dominated by ABB, General Electric, Siemens AG, Maschinenfabrik Reinhausen GmbH, and Groupe Cahors S.A. Out of these top market players ABB holds around 14% of global market share, General Electric holds 10%, Siemens AG holds 12%, Maschinenfabrik Reinhausen GmbH holds 8%, and Groupe Cahors holds 5% of global market share, says FMI.

They are focusing on new product development to reduce the carbon footprint and are also emphasizing on expanding in overseas territories for business development.

  • For instance, ABB introduced its new model based monitoring system in April 2019. This system was used in combination with standard substation equipment and was presented in MicroSCADA Pro. This allows easy performance evaluation while in service and can detect imminent faults.
  • H2scan launched the “Gen 5 System” designed to reduce the risk of explosion in high voltage transformer. The new system is said to be compatible with wide range of transformers.
  • Hitachi ABB Power Grids recently introduced Txpert™ bushing monitoring and diagnostic system which enables real time monitoring for power transformers. The new system combines voltage reference and sum of current capabilities of Coretec™ 4, TXpert™ Hub with TXpert™ ready bushing sensors to deliver real time solution for digital bushing monitoring and enable smarter decisions based on obtained data.

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Prominent players operating in the transformer monitoring system market are:-

  • ABB Group
  • Siemens AG
  • General Electric
  • Mitsubishi Electric Power Products Inc.
  • Eaton Corporation
  • Hitachi Ltd.
  • Qualitrol Company LLC
  • Koncar-Electrical Engineering Institute Inc.
  • Maschinenfabrik Reinhausen GmbH (MR)
  • CETT Co., Ltd.
  • Groupe Cahors
  • Camlin Power
  • MTE Meter Test Equipment AG
  • Advanced Power Technologies LLC

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 industry 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:

Future Market Insights,

1602-6 Jumeirah Bay X2 Tower,

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Website: https://www.futuremarketinsights.com/

Report: https://www.futuremarketinsights.com/reports/Transformer-Monitoring-System-Market

Woodworking Machines Market | Scope of Current and Future Industry 2027

Based on operating principle, mechanical woodworking machines are expected to dominate the market. However, electric machines are anticipated to witness significant growth in near future, owing to increasing preference of smart machines in countries, such as the U.S., Europe and India. Based on end use industry, the furniture industry is expected to dominate the segment in terms of revenue, owing to the high adoption of automated machines to deliver high quality products to customers. However, the construction industry is expected to witness high growth in the near future, owing to increasing demand of these machines from the construction industry. The global woodworking machines market is expected to grow during the forecast period. 

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Woodworking Machine Market: Drivers

Increasing demand for wooden furniture and engineered wood is expected to drive the growth of global woodworking machines during the forecast period. Rise in residential and commercial buildings, clubbed with the increasing preference of occupants towards the aesthetic look of their buildings is further anticipated to fuel growth of the woodworking machines market. Additionally, increasing preference towards automation of manufacturing units to improve productivity and enhance overall efficiency is further expected to escalate the demand for woodworking machines in the near future.

Woodworking Machine Market: Restraints

One of the major factors restricting growth of the global woodworking machines market is lack of skilled labor. High initial cost of the machines, coupled with maintenance expenditure is anticipated to hamper growth of the woodworking machines market. Moreover, impact of BREXIT on the timber industry is expected to challenge the overall growth of the global woodworking machines market.

Woodworking Machine Market: Segmentation

The global woodworking machine market can be segmented on the basis of operating principle, product type, and end-use industry. On the basis of operating principle, the global woodworking machines market can be segmented into mechanical and electric. On the basis of product type, the market can be further segmented into thickness planer, grinding machines, chain/chisel mortise, routers, and others (saw, drills, etc.). On the basis of end-use industry, the market can be segmented into construction industry and furniture industry.

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Woodworking Machine Market: Regional Outlook

Based on regions, North America is expected to dominate the global woodworking machines market, owing to increasing automation of manufacturing units in this region. Latin America and Europe are projected to witness significant growth during the forecast period. Asia Pacific, led by China and India is anticipated to be a promising revenue generating region, owing to increasing construction projects in this region, coupled with increasing adoption of advanced machines. Middle East & Africa is expected to witness moderate growth during the forecast period, due to the limited adoption of woodworking machines in this region.

Woodworking Machine Market: Market Participants

Examples of some of the prominent market participants identified in the global woodworking machine market:

  • Biesse Group
  • Durr
  • IMA-Schelling
  • SCM Group
  • KTCC Woodworking Machinery
  • Woodworking Machine – Oliver Machinery
  • Holytek Industrial Corporation
  • WEINIG Group
  • Cantek America
  • Gongyou Group

The global woodworking machines market is highly fragmented due to the presence of large number of regional and global players. Regional players choose quality service and competitive pricing as their winning strategy over global players. In response to this, global players are largely involved in merger & acquisition and partnership activities in order to enhance their profitability margin and market share.

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

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The report covers exhaustive analysis on:

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

Regional analysis includes

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

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

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 industry 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.

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Future Market Insights,

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