Refrigeration Compressor Market 2021 | Present Scenario and Growth Prospects 2026

Future Market Insights upcoming report on global Refrigeration Compressor market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Refrigeration Compressor market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2021 and beyond.

Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Refrigeration Compressor market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

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To receive the detailed insights about the Refrigeration Compressor market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Refrigeration Compressor market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Refrigeration Compressor market.

Key Questions Answered in the Report

  1. What are the key trends and challenges that will affect global Refrigeration Compressor market in upcoming years?
  2. What are the factors that will influence the Refrigeration Compressor market demand?
  3. Which region will be the most lucrative for Refrigeration Compressor market throughout the forecast period?
  4. How will evolving regulatory policies impact the market growth?
  5. What is the impact of Covid-19 on the Refrigeration Compressor market?

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Refrigeration Compressor Market: Segmentation

By Region

  • Food and beverages
  • Logistics and transportation
  • Chemical
  • Pharmaceutical
  • Automobile

Detailed analysis on the geographical region and country wise insights are offered in the latest Refrigeration Compressor market report with established market players as well as incumbents in the region.

On the basis of type of compressor, the global refrigeration compressor market is segmented as:

  • Reciprocating compressor
  • Screw compressor
  • Centrifugal compressor
  • Rotary compressor
  • Scroll Compressor
  • Others

On the basis of application, the global refrigeration compressor market is segmented as:

  • Domestic
  • Commercial

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

  • Bitzer SE
  • Emerson Electric Co.
  • Dorin S.p.A.
  • Embraco
  • Mitsubishi Electric Corporation
  • Frascold SpA
  • GMCC Company
  • Fusheng Co. Ltd.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Refrigeration Compressor market

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Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Refrigeration Compressor market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

U.S. Industrial Vacuum Cleaners Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2018-2028

Future Market Insights (FMI), a multinational market intelligence firm, in its recently released report on the global industrial vacuum cleaners market, gives out a comprehensive analysis of the demand-supply landscape along with some key actionable insights into the category pricing analysis.

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Based on region, the global industrial vacuum cleaners market is segmented into North America, Latin America, Western Europe, Eastern Europe, China, India, Japan, SEA & Pacific, and Middle East & Africa. The North American industrial vacuum cleaner market accounted for a value share of 32.8% in 2017 and is projected to continue its dominance in the global industrial vacuum cleaner market during the forecast period. Sales of industrial vacuum cleaners in China and India are expected to represent a total incremental opportunity of US$ 22.0 Mn and US$ 13.3 Mn, respectively, between 2018 and 2028.

The global Industrial Vacuum Cleaners market is expected to reach over US$ 771.2 Mn by the end of the forecast period, witnessing a value CAGR of 5.3%. According to the analysis, in terms of volume, the global industrial vacuum cleaners market is estimated to reach 86,913 units by 2018 end and is anticipated to increase to 133,797 units by 2028, exhibiting a CAGR of 4.4% over the forecast period.

The report covers comprehensive information about Industrial Vacuum Cleaners market dynamics, volume (Units) and value (US$ Mn) projections, recent developments, and competitive landscape for the study period 2018 to 2028.

Design and Technological Innovations to Drive Sales; APEJ to Offer Installation Opportunities

  • Several industrial vacuum cleaners manufacturers are focusing on developing innovative products—in terms of capacity and capability. Ranging from super-sized robot industrial vacuum cleaners for airports, equipped with large-capacity canisters along with multi-brushes and motors to ‘smarter’ variants having cameras and obstacle-detecting sensitive bumpers and sensors using LIDAR (Light Detection and Ranging) and Simultaneous Localization and Mapping (SLAM) technology for effective location tracking—such advancements are predicted to increase the adoption of industrial vacuum cleaners in the coming years.
  • The adoption rate of industrial vacuum cleaners is anticipated to remain promising in emerging markets of APEJ, considering shifting production sites to low-cost facilities. APEJ will remain the most preferred center for global companies to set up manufacturing facilities, translating into the faster replacement of manual cleaning equipment. GCC countries, on the other hand, are projected to restrict dependence on oil by equipping the cleaning equipment with IoT sensors.

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Insights from Segmental Analysis

  • Based on the current market scenario, canister-type industrial vacuum cleaners will dominate the landscape, with approximately 55 percent market share. Better maneuverability combined with superior capacity and efficiency compared to upright and backpack makes canister-type industrial vacuum cleaners extremely versatile and capable of cleaning numerous surfaces. However, FMI foresees growing demand for the other two variants, specifically in smaller work areas.
  • Based on mode of operation, although Electric industrial vacuum cleaners will dominate in terms of value and volume sales, with approximately 78 percent market share, the Pneumatic mode type is anticipated to represent a promising demand landscape in the coming years, given its simplistic designs and higher efficiency compared to electric variants.
  • Portable industrial vacuum cleaners, by system type, will remain at the forefront due to their suitability in tight spaces, versus stationary systems.
  • The application of industrial vacuum cleaners for heavy-duty cleaning processes will generate maximum revenue, specifically in extensive food & beverage and pharmaceutical applications. The explosion-proof segment is estimated to capture around one-third of the total market value by 2028-end.

By Segmentation:

Application

  • Heavy Duty
  • Medium Duty
  • Explosion Proof

Mode of Operation

  • Electric
  • Pneumatic

System Type

  • Portable
  • Stationary

Product Type

  • Upright
  • Canister
  • Backpack

End-Use

  • Food & Beverage
  • Pharmaceuticals
  • Construction
  • MetalWorking
  • Automotive
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • India
  • Japan
  • SEA & Pacific
  • Middle East & Africa

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Competitive Landscape Analysis:

In a nutshell, the key focus remains on consolidation efforts in the highly competitive industrial vacuum cleaners market, as small and medium-sized manufacturers dominate the landscape.

  • Tier-1 companies, such as Alfred Kärcher GmbH & Co. KG, Nilfisk, Inc., TTI Floor Care North America, and DELFIN are expected to hold a relatively larger market revenue slice, given the expansive product portfolio and efficient distribution channels.
  • Tier-2 companies, on the other hand, hold approximately 33 percent market share, showing strong dominance over regional markets. Such companies include Numatic International Ltd., G. Staehle GmbH u. Co. KG, and Ghibli & Wirbel SpA, among others.
  • Key manufactures of industrial vacuum cleaners are projected to focus on price reduction, wider product offerings, and long-term distribution partnerships for a stronger local presence.
  • Considering substantial revenue opportunities in China, India, and SEAP, manufacturers are likely to aggressively push products in these markets through a well-structured and efficient supply chain along with an improved retailing network.

Commercial Slush Machine Market 2018 -2028 Outlook

With 1000+ market research reports and 1 billion+ data points, Future Market Insights (FMI) serves every requirement of the clients operating in the global packaging industry. FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Commercial Slush Machine market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions, and players based on demand patterns and growth prospects.

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Crucial information and forecast statistics covered in the Commercial Slush Machine market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Commercial Slush Machine Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Commercial Slush Machine market is no exception. Products that are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Commercial Slush Machine market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on the preliminary impact of the COVID-19 on the Commercial Slush Machine market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

Why Choose Future Market Insights

Serving domestic and international clients 24/7 Prompt and efficient customer service Data collected from reliable primary and secondary sources Highly trained and experienced team of research analysts Seamless delivery of tailor-made market research reports

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Commercial Slush Machine Market: Segmentation

Valuable information covered in the FMI’s Commercial Slush Machine market report has been segregated into key segments and sub-segments.

The global commercial slush machine market is segmented based on machine type:

One Tank Two Tank Three tank

The global commercial slush machine market is segmented based on its capacity:

One gallon Two to three-gallon

The global commercial slush machine is segmented based on its end use:

Institutional Hospitality

Commercial Slush Machine Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Commercial Slush Machine market. The competitive information detailed in the Commercial Slush Machine market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Commercial Slush Machine market report.

Key players covered in the report include:

Elmeco, Chubu Corporation, Wilbur Curtis Co., The Vollrath Company, LLC, Omcan Inc., Cofrimell S.a.s, MKK, Ugolini spa, H&H Products Company, Slush, CAB SpA

Important Questions Answered in the Commercial Slush Machine Market Report

Which end-user remains the top revenue contributor in different regional markets? At what rate has the global Commercial Slush Machine market been expanding during the forecast period? How will the global Commercial Slush Machine market look like by the end of the forecast period? What innovative strategies are adopted by Commercial Slush Machine market players to stay ahead of the pack? What are the restraints affecting the growth of the global Commercial Slush Machine market?

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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period. Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with the necessary information to make critical decisions Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Commercial Slush Machine market

Dredging Market Insights, Deep Analysis of Key Vendor in the Industry 2020-2030

Future Market Insights (FMI), an ESOMAR-certified market research and consulting firm, has published an updated edition to its widely cited report on the global dredging market.  The study revises its earlier forecast on dredging market growth, readjusting key indicators for COVID-19 impact.

The global dredging market is expected to grow modestly, expanding at approximately 4% through 2030, attributed to stagnation induced by the COVID-19 pandemic.

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This sluggishness is a result of volatility in the oil & gas industry, owing to plummeting exploration projects. Consequently, the need for port maintenance and dredging projects has dwindled, leading to a downturn across the near-term forecast.

On the other hand, efforts to sustain international maritime trade are creating pockets of growth.

Dredging projects have experienced an uptick due to the growing focus on boosting the tourism sector. For instance, Maldives is strengthening its tourism sector through its ambitious iHavan project. This is likely to enhance the scope of reclamation projects, providing traction to the dredging industry.

However, cessation of cross-border travel due to COVID-19 is impacting the tourism industry, with the UN World Tourism Organization estimating an over 20% decline during Q1 2020. This is bound to impact dredging operations in the short run.

Downturns are largely attributed to volatility in the oil & gas sector, a key end-use industry for dredging projects. However, government efforts to address flooding problems in coastal areas and low-lying plains is likely to keep dredging projects demand sustained in the long-term.

Furthermore, efforts to sustain global trade volumes to reinvigorate the economy is providing much-needed stimulus to the market.

Key Takeaways
  • High urbanization rate across emerging economies to fuel dredging projects in the long run
  • Government agencies to comprise over 40% of the dredging equipment customer base
  • Adoption of innovative equipment monitoring technologies such as smart virtual software growing
  • East Asia to emerge as the largest market, expanding at over 4% CAGR
  • Trade maintenance to be key application area, accounting for 3 out of 10 projects through 2030

“Rising concerns over possible environmental damage is prompting dredging corporations to collaborate with governmental and private players to develop eco-friendly approaches to expand their projects,” concludes an FMI analyst.

The COVID-19 pandemic has resulted in an unprecedented recession which is expected to influence the dredging market size to a large extent. Massive production crunches across the oil & gas and tourism sectors are adversely impacting the dredging market.

As the pandemic spread, the grounding of airplanes and automobiles led to a massive downswing in the transportation sector. This resulted in an abrupt demand shock across the oil and gas industry, compelling oil producing giants to cease production, leading to a glut in product inventories.

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Market Structure Analysis

FMI’s dredging market analysis has incorporated the following market players within its ambit*:

  • China Communications Construction Company Limited
  • Jan De Nul Group
  • Royal Boskalis Westminster N.V
  • Dredging, Environmental and Marine Engineering NV (DEME)
  • Van Oord
  • Great Lakes Dredge & Dock Corporation
  • Royal IHC
  • National Marine Dredging Company
  • Penta-Ocean Construction Co., Ltd.
  • TOA Corporation
  • Hyundai Engineering & Construction Co. Ltd.
  • Vosta LMG
  • J.F. Brennan

Presence of multiple vendors renders the landscape highly competitive, prompting them to forge strategic alliances, undertake joint ventures and enter into acquisitions. In addition, technological enhancements in dredging technology and equipment are imperative to ensure a firm footing in the market.

In 2019, Jan De Nul Group initiated maintenance dredging works in Nieuwpoort, Belgium. This project was part and parcel of the company’s commitment to reduce CO2 emissions by 15%. To achieve this, it incorporated renewable biofuel from sustainable waste flows.

In October 2020, Royal Boskalis Westminster N.V secured multiple dredging contracts across Germany worth € 45 million from a host of regional maritime transport vendors. These contracts aim to provide flood protection, construction of a shipping fairway and port maintenance across numerous locations.

Companies are also penetrating lucrative market by establishing regional offices and manufacturing units. Recently, Great Lakes Dredge & Dock Co. announced the transfer of its corporate headquarters to Houston from Oak Brook. This relocation will help it inch closer towards its regional clients in the Gulf Coast along the Mississippi River.

By Segment:

Application

  • Trade Activity
  • Trade Maintenance
  • Energy Infrastructure
  • Urban Development
  • Coastal Protection
  • Leisure

Customer

  • Government
  • O&G Companies
  • Mining Companies
  • Renewables
  • Others

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
  • Europe (Germany, Italy, France, U.K., Spain, BENELUX & Rest of Europe)
  • East Asia (China, Japan & South Korea)
  • South Asia & Oceania (India, Thailand, Malaysia, Singapore, Australia & New Zealand and Rest of South Asia & Pacific)
  • Middle East & Africa (GCC, South Africa, Nigeria, Israel & Rest of MEA)

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According to Ministry of Tourism, Government of India, in 2019, foreign tourist inflow increased by 3.5%, while domestic tourism surged by a quarter, prompting it to undertake dredging projects. In February 2020, the Kerala tourism department announced the Akkulam lake rejuvenation project worth US$ 8.5 million.

As per the 2019 European Union Tourism Trends Report, 538 million tourists arrived in Europe in 2018, with the EU registering maximum inflow (82.2%). Consequently, the number of dredging projects throughout Europe has witnessed a substantial increase in recent years.

Credible opportunities also exist across Latin America, with Mexico at the forefront. Inbound tourist inflow increased by nearly 1% in August 2020 from July 2020, attributed to a flattening COVID-19 infection curve. Therefore, dredging projects are witnessing an upsurge. In February 2020, the Mexican navy deployed two new dredgers for land reclamation.

Elevators And Escalators Market is projected to increase its share to 12.0% by 2030 worldwide : FMI

Elevators and Escalators are the two unavoidable parts of the everyday life of humans. Multifarious malls and skyscrapers make elevators and escalators the must-haves in every building. Busy time schedules and an increased number of aging population cause the facility of escalators and elevators in residential apartments across the globe. According to the U.S. Census Bureau, the aging population (above 65 years) held an 8.5% share of the total population worldwide during the year 2015 and is projected to increase its share to 12.0% by 2030.

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Factors like rapid urbanization, changing demographics, and increasing constructional activities around the world are expected to drive the growth of the global elevators and escalators’ market rapidly. Safety is considered the prominent factor in the selection of elevators and escalators’ service providers.

Elevator systems comprise hydraulic elevators, geared elevators, non-geared elevators, and machine room-less elevators (MRLs). Nowadays, MRLS are preferred over conventional geared elevators as they are technologically advanced, save space, and consume less energy. Based on services, new installation service dominates the global elevators and escalators market because of increasing demand from developing countries like China. However, maintenance and repair service is projected to grow at a significant rate over the forecast period. The manufacturers are focusing on improving the efficiency of the elevators and escalators coupled with the focus on a neat and clean environment.

Elevators and Escalators Market: Drivers

One of the major factors driving the growth of the elevators and escalators market is the increasing demand from the end-use sectors like residential, commercial, hospitals, etc. The increasing focus of government towards high-rise infrastructures coupled with the increasing need for rapid transit is expected to fuel the growth of the global elevators and escalators market. Continuous investment for the improvement of infrastructure at public places like railway stations, airports, shopping malls, etc. is further expected to upsurge the demand for elevators and escalators during the forecast period. Tourism is another sector that encourages the demand for elevators and escalators in places of importance for the ease and convenience of the tourists visiting the respective countries.

Elevators and Escalators Market: Restraints

A key factor affecting the growth of the elevators and escalators market negatively is its high initial cost of installation. Lack of skilled labor for after-sales maintenance is expected to hamper the growth of the elevators and escalators’ market. Escalation in consumption of energy and power by elevators and escalators is expected to retard the growth of the market during the forecast period.

Elevators and Escalators Market: Segmentation

The global elevators and escalators market can be viewed as two separate niches too, namely the elevators market and the escalators market. Elevators, based on their capacity, are segmented into 450 kg–1150 kg, 1150 kg–1500 kg, and 1500 kg–2000 kg. Escalators are further segmented into moving walkways and moving stairs escalators.

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The global elevators and escalators market can be segmented based on carriage type, application, and region. Based on carriage type, the elevators and escalators market is segmented into passenger and freight. Based on application, the market is segmented into commercial, residential, hotels, transportation, parking, and hospital. Based on regions, the global elevators and escalators market is segmented into North America, Asia Pacific excluding Japan (APEJ), Latin America, Western Europe, Eastern Europe, Japan, and Middle East & Africa (MEA).

Elevators and Escalators Market: Region-wise Outlook

Based on regions, the Asia Pacific led by China and India holds about a 65% share in the total aging population of the world and is expected to be the most prominent revenue generation region in the global elevators and escalators market. Europe, followed by North America, is expected to witness positive growth during the forecast period.

Elevators and Escalators Market: Players

Some examples of the players identified in the global elevators and escalators market are:

  • Otis Elevator Company
  • Kone Corporation
  • Schindler Group
  • Thyssenkrupp AG
  • Fujitec
  • Hitachi, Ltd.
  • Mitsubishi Electric Corporation
  • Toshiba Elevators and Building Systems Corporation
  • Hyundai Elevator Co., Ltd.
  • SJEC Corporation

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, applications, and industry.

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
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan
  • The Middle East and Africa
  • Japan

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 an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. This report also maps the qualitative impact of various factors on market segments and geographies.

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Elevators And Escalators Market Report Highlights:

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

Hydrogen Electrolyzer Market CAGR of over 10% During Forecast Period 2020-2030

Future Market Insights, an ESOMAR-certified market research provider, opines that the long term outlook for hydrogen electrolyzer market will remain optimistic with growth pegged at 10% through 2030.

With costs of renewables substantially dropping, making them more competitive with conventional fuels, their use as feedstock for hydrogen electrolysis will boost market growth subsequently.

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Research for hydrogen fuel cell technology, H-CNG and mobility solutions will play a vital role in the market dynamics of hydrogen electrolyzers. With the growing popularity of fuel cell technology in automotive, notably electric mobility, demand for on-site hydrogen production will proliferate.

“The rising availability of CAPEX subsidies, tax rebates and low electricity costs will strongly intensify the adoption of hydrogen electrolyzers. In addition, hydrogen electrolyzers will provide the missing link between hydrogen and green electricity across various countries as it strives to achieve a de-carbonized environment” says FMI analyst.

Key Takeaways for Hydrogen Electrolyzer Market Study

  • PEM electrolyzers are expected to witness a higher demand growth vis-à-vis other electrolyzer variants on back of high purity output and economical features with regards to operations
  • Countries in Western Europe and Asia Pacific are key to the growth of hydrogen electrolyzer market, on account of their high growth potential & considerable market size
  • Accelerated demand for high purity of hydrogen is boosting the uptake of hydrogen electrolyzer over competitive technologies such as SMR

Hydrogen Electrolyzer Market Analysis

Conventionally, natural gas has been the primary source of hydrogen production. Around 6%-7% of its utilization is channelized towards hydrogen production. Production of hydrogen from natural gas is exorbitant with fuel being the largest cost factor.

With costs of renewable electricity steadily declining, production of hydrogen from water electrolysis will incite demand for hydrogen electrolyzers. Further, a steady dip in prices of solar, wind and PV is being witnessed.

Use of hydrogen electrolyzers at places with abundant supply of natural resources will pave way for a supply option at an affordable cost keeping into account distribution and transmission costs.

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By Segment:

The global Hydrogen Electrolyzer market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product Type

  • Proton Exchange Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Capacity

  • Low (<500 kW)
  • Medium (500 kW to 2 MW
  • High (Above 2 MW)

By Output Pressure

  • Low (≤10 bar)
  • Medium
  • (10 bar – 40 bar)
  • High (≥ 40 bar)

By Application

  • Ammonia
  • Methanol
  • Refinery Industry
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production & Fabrication
  • Pharma & Biotech
  • Food & Beverages
  • Glass Industry
  • Others

By Region

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

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Competitive Landscape

The global hydrogen electrolyzer market is a fragmented market due to the presence of a number of regional as well as international players. The strategies of market stakeholders revolve around enhancing scalability, cost efficiency and increasing the production.

Some of the prominent companies in the hydrogen electrolyzer market include Siemens AG, Nel Hydrogen, McPhy Energy S.A, ITM Power Plc, Hydrogenics, Tianjin Mainland Hydrogen Equipment Co. Ltd, Areva H2Gen, Giner Inc., ELB Elektrolysetechnik GmbH, GreenHydrogen.dk ApS, iGas Energy GmbH, Beijing CEI Technology Co., Ltd. And Next Hydrogen, and Accagen SA etc. and others.

Global Refrigerated Display Cases Market Share, Development by Companies Outlook, Growth Prospects and Key Opportunities by 2031

The refrigerated display cases (RDC) market has been registering high growth since the last few years. This growth is projected to continue over the coming years due to increasing demand from the food retail sector. The increasing population and rapid urbanization in emerging economies from will create significant opportunities for growth in the next few years.

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With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of refrigerated display cases the market remains positive. According to the report, the retail food and beverages sector will continue accounting for over 70% of sales of refrigerated display cases through the forecast period.

Introduction of high performance and connected refrigerated display cases with real time cloud access and maintenance will create lucrative growth opportunities. In the coming years, the market also will gain from the launch of low GWP refrigerants aimed at lowering environmental challenges.

Key Takeaways

  • Expansion of the supermarkets and hypermarkets will remain a chief growth driver, enabling the market rise at 5.5% CAGR between 2021 and 2031
  • Rising demand for ready-to-eat food is fuelling refrigerated display cases sales across supermarkets and hypermarkets in the U.S. The country is expected to account for over 70% of the North America market
  • Expansion of the food service sector will enable growth in Germany and France
  • The U.K. will emerge as a strong market, exhibiting 3.8% y-o-y growth in 2021 after a period of decelerating sales in 2020
  • While China currently holds dominance, Japan will emerge as the leading market in East Asia backed by rising demand for packaged food

“Recent developments in food service and food retail sectors are creating lucrative prospects for the market. Consumers’ inclination towards add-on features like real time maintenance, remote access, and others is increasing, which is expected to give tailwinds to growth. In order to woo end users, manufacturers are therefore providing competitive price offering and advanced technologies,” says FMI analyst.

The implementation of stringent government norms and regulation on use of refrigerant for cooling is estimated to create high growth avenues for the refrigerated display case market. The increasing focus on eco-friendly and sustainable refrigerated display cases in developed and developing economies across the globe is creating growth opportunities.

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By Segmentation:

Type

  • Plug-In Refrigerated Display Cases
  • Semi Plug-In Refrigerated Display Cases
  • Remote Refrigerated Display Cases

Design

  • Vertical Refrigerated Display Cases
  • Horizontal Refrigerated Display Cases
  • Hybrid Refrigerated Display Cases

By End Use

  • Food Service Sector
    • Quick Service Restaurants
    • Bakeries
    • Hotels
    • Others
  • Retail Food & Beverage Sector
    • Fuel Station Stores
    • Hypermarkets
    • Supermarkets
    • Discount Stores

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • MEA

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Competitive Landscape

The refrigerated display cases market is fairly competitive, with key players accounting over two third of the overall market value share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market share. Some of the key players in the market are Carrier Corporation, Frigoglass SAIC, Epta S.p.a. Refrigeration, Dover Corporation, Haier Group, Arneg S.p.A, Illinois Tool Works, Daikin Industries, Ltd., Fagor Industrial, and others.

Refrigerated display case market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities. Collaboration, mergers and acquisition with regional companies will remain key strategies adopted by market players as they aim at expanding their footprint in regional market.

Noise Control System Market Grow At CAGR 3.7% During 2021 – 2031

A new study by Future Market Insights (FMI) finds that industrial noise control market is expected to grow at a CAGR over 3.7% between 2021 and 2031. Key factors influencing the growth of industrial noise control market include,

  • Growing awareness of harmful levels of industrial noise
  • Increasing emphasis on the protection of workers and employees from noise pollution
  • Stringent environment regulation related to industrial noise control
  • Incorporation of integrated noise control technologies in advanced industrial machinery

The industrial noise control industry is witnessing a shift toward biodegradable materials over traditional materials. Manufacturers are incorporating green and sustainable materials in design and development of industrial noise control units to align with the ongoing sustainability trend.

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The demand for noise control systems went through a negative phase amid the spread of the Covid-19 crisis. The sales level in this market witnessed a downturn creating potential losses for the global manufacturers. As the condition is normalizing in 2021 due to strong and stringent government efforts, the top manufacturers are trying to recuperate the losses incurred through product diversifications and innovations.

Prominent manufacturers including Saint Gobain, Armstrong World Industries, Inc, USG Corporation, GP Industries Ltd, Knauf Insulation Inc., SIAC PTE LTD, Kinetics Noise Control, Inc., QUIET STONE UK LTD, Acoustical Surfaces, Inc., Acoustical Solutions Llc, Noise Barriers, LLC and others are focusing on product innovations and product certifications for ensuring improved varieties of noise control systems to attract and retain the customers.

The well-known manufacturers are adopting contracts and agreements, research & developments, technological advancements, and mergers & acquisitions to maintain and strengthen their respective market shares globally.

For instance, in March 2021, Kinetics Noise Control Inc. announced the launch of KNP-E a cost-effective, metal acoustic panel to the current line-up of Kinetics KNP panels. The KNP-E is a rigid sound absorber option that achieves the acoustical and durability performance of the standard KNP panels. This KNP panel lowers costs by folding on two sides and utilizing top channels for installation.

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By Segment:

Product Type

  • Acoustic Panels
  • Acoustic Tiles
  • Sound Curtains
  • Acoustic Surface
  • Sound Insulating Flooring
  • Sound Barrier Walls
  • Baffles
  • Sound Blanket
  • Sound Doors

Material Type

  • Fiberglass
  • Wood
  • Plastic Sheets
  • Concrete
  • Other

Application

  • Residential Noise Control System
  • Industrial Noise Control System
  • Commercial Noise Control System

Regions

  • Asia Pacific Excluding Japan (APEJ)
  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • MEA
  • Japan

In addition to this, in December 2020, Armstrong World Industries, Inc. announced the acquisition of Arktura, LLC, a designer and fabricator of ceilings, walls, partitions, and facades. Arktura’s capabilities will further strengthen AWI’s robust portfolio of architectural specialty solutions along with its design capabilities across its entire enterprise.

In terms of growth, North America holds a dominant share in the global noise control systems market. Asia Pacific region is projected to grow prominently and is expected to retain their commanding position throughout the course of the forecast period. All the other key regions are driving the market growth and opening various opportunities for manufacturers.

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Key Players:

Quieter equipment is more beneficial and economical over a period of time and a number of companies such as YAMAHA Corp., Warner Howard, Mitsubishi Electronic Corp., Whirlpool, and Sharp Electronics Corp. have focussed their attention on making ever-quieter products. Industrial equipment, household appliances, and the transportation industry stand to benefit the most from this, thereby boosting the noise control system market.

Industrial Valves Market Grow At CAGR 4% During Forecast 2019-2029

Up from the revenues worth US$ 61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favor the growth of market over the course of coming years.

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The steady expansion of chemical industry and revival of oil & gas industry are also likely to play a crucial role in pushing sales of industrial valves at a global level. Furthermore, FMI’s report indicates that abundant opportunities exist in chemical, and water & wastewater industries.

With the onset of Industry 4.0 and the reciprocating shift of industries towards automation, the industrial valves landscape is compelled to move beyond its traditional, old-school valve engineering models. Although manually operated valves still account for almost 2/3rd of total sales, FMI foresees a rapidly progressing market scenario for automated valves in the next few years. 

By type, the gate type of industrial valves segment is expected to hold prominent value shares of the global industrial valves market. Furthermore, the globe valve segment is expected to be the prominent segment throughout the forecast period. Gate valves, closely trailed by globe and ball valves, are identified to remain the sought-after industrial valve types throughout the forecast period. A number of manufacturers are however focusing on investments in globe industrial valves. FMI’s research also highlights visibly growing market attractiveness of butterfly valves across industries.

The analysis of industrial valves market on the basis of materials reveals that cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as indicated by report findings.

Market in APEJ Projected for Remunerative Growth

The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2019-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.

Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. Consequently, the region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.

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By Segment:

By Valve Type

  • Gate
    • Parallel
    • Wedge
  • Globe
    • Tee
    • Angle
    • Wye
  • Ball
    • Trunnion
    • Floating
    • Threaded Series
  • Butterfly
    • High Performance
    • Lined
  • Plug
    • Lined
    • Lubricated
    • Non-Lubricated
  • Check
    • Dual Plate
    • Piston Lift
    • Spring Loaded Disk
    • Swing Check
    • Tilting Check
    • Y Pattern
    • T Pattern
  • Safety Relief
    • Spring Loaded
    • Pilot Operated
  • Other Customized

By Valve Material

  • Cast Steel
  • Carbon Steel
  • Stainless Steel
  • Bronze
  • Other Alloys

By End-use Industry

  • Oil & Gas
  • Chemical
  • Water & Wastewater Treatment
  • Power Plants
  • Paper & Pulp
  • Others

By Function

  • Manual
  • Automatic

By Region

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • APEJ
  • Middle East and Africa
  • Japan

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The mining industry requires high quality industrial valves for both surface and underground mining. It also requires valves in mine site fire protection system and at pump stations. After the recovery of the global economy, the mining industry is projected to witness positive growth outlook.

Cost reduction is important for mining to stay profitable. Workers feel uncomfortable when they work in deep mine coals due to the presence of harmful gases and chances of failure of conventional equipment, owing to the abnormal pressure and temperature. Therefore, the demand for specialized equipment and parts, such as highly featured industrial valves, is increasing at an accelerated rate.

South African platinum mines are a good example of changing mining practices across the world. These mines are anticipated to create opportunities for high performance industrial valves and assemblies over the slated time period.

Competitive Analysis:

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

Barcode Scanner Market Grow at a CAGR of over 7.6% Between 2021 -2031

As per newly released data by FMI, the barcode scanner market is estimated to be worth US$ 7 Bn in 2021. The market is expected to grow at a CAGR of over 7.6% between 2021 and 2031. Increase in healthcare sector is expected to increase the demand for barcode scanners over the assessment period.

Despite challenges posed by COVID-19 outbreak, the barcode scanner demand increased with a rapid shift from handheld laser scanning to imaging solutions.

North America will remain as a leading market, accounting for over 30% value share in 2021. Barcode scanner demand outlook for North America is expected to remain positive with the healthcare sector touted as leading contributor.

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With the digitalization of public distribution system and increase in the number of e-retailers, the market players have ample scope for expansion. Barcode scanners are being widely adopted across various industries due to their advantages such as reduced downtime, prevention of incorrect deliveries and robust control on tracking assets and quality information.

The increasing use of barcode technology as an automatic identification system to reduce human errors will emerge as a chief growth driver.

Besides this, the rising demand from healthcare sector is expected to drive growth during the forecast period. Healthcare centers are using latest barcode technology for managing medicinal records and for preventing errors in the data. Similarly, the increasing demand of barcode scanners in supermarkets and hypermarkets is propelling growth.

In order to cater to the demand from diverse sectors, market players are focusing on expanding their portfolio.

For instance, Cognex Corporation introduced an advanced series such as DataMan 8700, MX-1502 and others, which can read codes from as near as 15–30 cm to as far as 10 meters away, making it ideal for scanning barcodes on floor labels, rack labels on high shelves, and slips hanging from warehouse ceilings.

Similarly, Honeywell has recently unveiled new devices with disinfectant-ready housing like Xenon XP and Voyager XP. These scanners can capture the most difficult to read or damaged barcode easily.

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By Segment:

By Product Type

  • Portable/Handheld
    • Rugged Scanners
    • PDA Scanners
    • Automatic Readers
    • Others
  • Fixed Position
    • Stationary Scanners
    • Presentation Scanners
    •  Automatic Readers
    • Others

By End Use

  • Retail & Commercial
  • General Manufacturing
  • Healthcare
  • Logistics & Warehouse
  • Commercial Aviation
  • Defence
  • Others

By Technology

  • Pen Type Reader
  • Laser Scanner
  • CCD (Charge Coupled Device) Readers
  • Camera Based Reader
  • Omni Directional Barcode Scanner
  • Smartphone Based Scanner
  • RFID (Radio Frequency Identification Technology

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

Use of barcode scanners is rapidly growing in the retail and manufacturing industries in North America. Barcode scanners have become one of the best solutions for product information capturing. Retailers worldwide use barcodes for hassle-free recording of supplies and commodities.

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Barcodes imprinted on labels are pasted on products, which help in recording information regarding product count, date of manufacturing, date on which the product was supplied to the retailer, selling price, etc. When these products are scanned, the information is retrieved and monitored.

This entire process, which is completed within a few seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses. Major retailers such as Walmart, Carrefour, Costco and IKEA put barcodes on all their products. This in turn is driving the growth of the barcode scanner market in North America.

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being Bluebird Corporation, Cognex Corporation, Datalogic S.p.A (Hydra S.p.A), DENSO Corporation, Honeywell International Inc., JC Square (GMO Hosting & Security Inc.), SATO Holdings Corporation, Scandit AG, Toshiba TEC Corporation, Zebra Technologies Corporation, etc.