Warming Drawer Market Outlook Cover New Business Strategy with Upcoming Opportunity 2032

Warming Drawer Market Overview

The warming drawer market is likely to register a CAGR of 6.0% during the forecast period, owing to the increase in demand for modular kitchens and rise in fuel prices.

Due to the growing middle-class economy, improved disposable income levels in developing countries, increased labor costs, busy lifestyles, and the availability of a range of home appliances at competitive prices, the global home appliances market is experiencing steady growth, which is translating into increased sales of warming drawers.

Demand for warmer drawers is high in smart kitchens these days for a variety of reasons, the most important of which is that they are self-contained appliances. Due to the fact that today’s age is preoccupied with work and a fast-paced lifestyle, these types of products appeal to them due to their advanced features, which leads to the growth of warming drawers market share.

The rise in fuel expenses for conventional gas cooktops, as well as the growing trend for modular kitchens, and the comfort and safety benefits to consumers, are driving the demand for warming drawers. However, because the product is not cheaper, it is only available to upper-class buyers, which makes the sales of the warming drawer quite limited.

The in-depth study includes revenue statistics, segment-by-segment data, region-by-region data, and country-by-country data, as well as an in-depth commentary on the important influencing variables. This research is one of the most comprehensive studies available, covering every facet of the rapidly growing warming drawer market.

What are the Growing Trends in the Warming Drawers Market?

The global demand for modern technology products for smart kitchens, such as warming drawers, is high among the urban population, owing to factors such as increased purchasing power, improved infrastructure, and a rise in the working population.

More demand for higher revenues encourages the manufacturers to implement the strategies, which can contribute to the sales of warming drawers.

Moreover, a factor responsible for driven demand for the warming drawer is the rise in inclination towards modular kitchens. Consumers are drawn to such appliances because of features such as touch controls, timers, telescopic runners, push-to-open mechanisms, ideal serving temperature, and connection with a coffee machine and wire rack.

The warming drawers market is primarily driven by rising fuel expenses for conventional gas cooktops and the growing demand for modular kitchens as well as the comfort and safety benefits to consumers. It leads to better features and enhanced sales of warming drawers.

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What are Opportunities leading to the Growth in the Warming Drawer Market?

There is likely to be a rise in warming drawers market share due to inclination towards ease, modernity and comfort.

Demand for warming drawers has increased over time as a result of their ease of use and inventive advanced features, such as touch controls, timers, telescopic runners, push-to-open mechanisms, optimal serving temperature, and connection with coffee machines and wire racks.

Consumers are always drawn to convenience, as well as the product’s appearance and feel, which leads to higher sales of warming drawers.

Manufacturers, on the other hand, are offering choices such as utilizing underutilized kitchen space and making it as appealing as possible to complement the kitchen’s appearance and feel.

Another reason for expanded sales of warming drawers is that there are numerous ways to expand storage capacity, heat food, and warm vessels.

What is the Regional Outlook for the Warming Drawer Market?

Geographically, the Americas dominated the worldwide commercial warming drawer market in 2016 and are expected to continue to do so during the forecast period.

The increase in the number of pizzerias and bakeries in the region, as well as the growing demand for warming drawer with advanced features, will contribute to the warming drawer market share in the Americas forward.

How Competition Intensifies the Warming Drawer Market?

Bosch, KitchenAid, Dacor, GE Appliances, AEG, AJ Madison, Miele, Sub-Zero & Wolf, Hestan, Smeg, and Viking Range are some of the major participants in the global Warming Drawers market.

Development of warming drawers for kitchen appliances to get the look and feel of a streamlined, high-functioning kitchen. The attractive feature adds to the sales of the warming drawer.

Miele has developed an innovative feature in the connection between the warming drawer and the coffee machine, with multiple operation modes for warming cups and plates, keeping food warm, and cooking at low temperatures, leading to the positive demand for warming drawer.

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Segments covered Product type, application, end user, distribution channel, region
Regional scope North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
Key companies profiled AJ Madison, Bosch, KitchenAid, Dacor, Hestan, GE Appliances, AEG, Miele, Sub-Zero and Wolf, Smeg, and Viking Range
Customization scope Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs.

Tumble Dryer Market Outlook Cover New Business Strategy with Upcoming Opportunity 2032

Tumble Dryer Market Overview

The tumble dryer market is likely to register a CAGR of 2.6% during the forecast period, and is anticipated to reach a market share of US$ 20.14 Bn in 2032 from US$ 14.8 Bn in 2021, due to the growing need for energy-efficient electric dryers.

The increasing middle-class economy, improved discretionary income levels in developing nations, increased labor expenses, busy lifestyles, and the availability of a variety of home appliances at competitive rates are all factors driving up the demand for tumble dryer.

With the rise of digitization, customers have grown more tech-savvy and have a better understanding of how to use and benefit from all modern products, resulting in higher sales of tumble dryer.

The rise of smart homes is assisting in the development of devices that can be connected to a user’s smartphone and monitored remotely. Tumble dryers are a very popular product in the home appliance industry, and sales of tumble dryer have an impact on the entire tumble dryer market share.

With increasing sales of tumble dryer, the move toward condenser dryers is continuing. As they are easier to install than vented, people are more inclined to adopt and purchase them.

What gives the Greater Growth Momentum to the Tumble Dryer Market?

Consumers have been selecting energy-saving dryers in recent years, which can help them avoid energy waste and save money on utility bills, prompting manufacturers to release a slew of energy-efficient dryers on the market and improving sales of tumble dryer.

Modern energy-efficient dryers have moisture sensor bars that detect the level of dampness in the load, preventing over-drying and energy waste. Furthermore, government agencies are providing discounts for ENERGY STAR-certified tumble dryers, resulting in an increase in demand for tumble dryer in the coming years.

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What are the Trends Followed by the Tumble Dryer Market Players?

As consumers are more drawn to new technologies and western culture, producers have a lot of opportunities to introduce change. They are zealous in their efforts to save electricity, which gives rise to the demand for tumble dryer. Over the projection period, this one essential element creates a critical opportunity for the tumble dryer market to gain momentum among its target audience and promotes sales of tumble dryer.

Whirlpool introduced a washer dryer set with ultra-noise reduction technology in 2016, which increased demand for tumble dryer. Manufacturers are strategizing on energy-saving solutions and new technologies, such as the Heat Pump Tumble Dryer, all these factors are contributing to the growth of tumble dryer market share.

Which is the Key Region of the Tumble Dryer Market?

In terms of sales of tumble dryer and revenue growth, North America is expected to have the greatest tumble dryer market share in the tumble dryer market. Changing weather patterns and an increase in the use of smart home products in the home.

Another important element driving the demand for the tumble dryer in this region is increased consumer spending on home appliances. Industrialization has been accelerating in several parts of the world, particularly in the Asia Pacific region, over the last few years.

How Competition impacts the Tumble Dryer Market?

Alliance, American Dryer, Pellerin Milnor, Miele Professional, Electrolux Professional, Maytag, Dexter Laundry, GIRBAU, Schulthess, Renzacci, Haier, Samsung, LG, Danube, ASKO, and Whirlpool are among the key players operating in the global tumble dryer market and contributing a significant tumble dryer market share.

  • Modern electric dryers have novel features that have the potential to transform the appliance’s future in the marketplace. LG and Whirlpool, for example, have capabilities that allow customers to monitor and manage their appliances using their smartphones, which attracts customers and boosts sales of tumble dryer.
  • With significant promotional activity across all categories, total sales of home appliances increased by 9% in 2016, increasing demand for tumble dryer. Tumble dryers experienced the highest year-over-year increase, with value sales increasing by 12%.

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Segments covered Type, application, distribution channel, region
Regional scope North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
Key companies profiled Alliance, American Dryer, Pellerin Milnor, Miele Professional, Electrolux Professional, Maytag, Dexter Laundry, GIRBAU, Schulthess, Renzacci, Haier, Samsung, LG, Danube, ASKO and Whirlpool
Customization scope Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs.

Anti-Pollution Hair Care Products Market Research Report 2022 – Global Forecast till 2031

Consumers are becoming more aware of the need of scalp care and, which is a key move enabling sales in the anti-pollution hair care products market. As per Future Market Insights (FMI), the global sales of anti-pollution hair care products will top US$ 3.5 Bn in 2021.

Growth in the market will pick up steam as consumers show higher inclination towards hair care products containing natural ingredients. Companies are following the trend of replacing synthetic chemicals with natural compounds.

As per the report, the market will witness a slew of product launches as companies aim at keeping pace with changing consumer preference. Besides this, they are likely to tailor products addressing a specific hair or scalp concern in order to woo a larger demography of consumers.

FMI has projected the sales of anti-pollution hair care products to pick up pace in the U.S., China, and India among other countries. The U.S. is expected to spearhead growth in North America, while China is expected to sustain dominance in the East Asia market through 2031.

2021-2031 Anti-Pollution Hair Care Products Market Outlook in Comparison to Sales Registered in 2016-2020Growing exposure and concern about the negative effects of pollution on health, wellness, are projected to be chief growth drivers. FMI has forecast the anti-pollution hair care products market to rise at 7.4% CAGR between 2021 and 2031 in comparison to the 6.0% CAGR registered during 2016-2020.

In recent years, pollution has moved to the top of the global agenda. In major cities, pollution has a greater impact, and citizens are concerned about its detrimental effects on hair. As a result, anti-pollution hair care is increasingly becoming more popular.

According to the European Dermato-Venereology Society study there are 3 levels of proteins (cyclin D1, cyclin E and CDK2), which are responsible for hair growth and hair retention, but it was been decreased by PM10-like dust and diesel particulate in a dose dependent manner,  due to high level of pollution globally which resulted in hair loss and scalp irritation issues.

projected bps change in market share for key segments in global anti pollution hair care products market 2021 2031

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Key Takeaways from the Anti-pollution Hair Care Products Market Study

  • In terms of product type, shampoos are expected to emerge as the top-choice among consumers, holding a share of 44.9% in 2021.
  • In terms of packaging, pouches & sachets will dominate the market due to their affordability and convenient to use.
  • The U.S. will account for nearly 78.3% of sales in North America in 2021 backed by the presence of some of the leading market players.
  • Germany will emerge as a key market in Europe, registering a CAGR of 5.7% owing to higher spending on premium products in the country.

Impact of COVID-19 on the MarketThe novel coronavirus outbreak has disrupted operations in various industries, causing an economic slowdown. The retail industry has taken a hit, causing sales of anti-pollution hair care products to decelerate, albeit for a temporary period. The fall in aggregate discretionary spending represents a temporary challenge for market participants.

Manufacturers in the business are therefore focusing on expanding their product offers via online channels and improving their product range, as this will allow them to reach a larger consumer base at once at a lower cost.

Who is Winning?Leading manufacturers of anti-pollution hair care products are focusing on aggressive promotional strategies, advertisements, and new product launches.

Some of the leading companies operating in the anti-pollution hair care products market are Procter & Gamble Co., Beiersdorf AG, Unilever PLC, Avon Products Inc., DE LORENZO, L’Oréal S.A., Kao Corporation, Coty Inc., and Shiseido Company among others.

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Market by CategoryBy Product Type:

  • Hair Oil
  • Shampoo
  • Hair Serum
  • Hair Mask
  • Conditioners

By Packaging:

  • Pouches & Sachets
  • Bottles

By End User:

  • Male
  • Female
  • Unisex

By Sales Channel:

  • Hypermarkets/ Supermarkets
  • Convenient Stores
  • Specialty Stores
  • Salon Stores
  • Online Retailing
  • Pharmaceutical & Drug Stores
  • Others

By Region:

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

Global Chopper Pumps Market Is Anticipated To Reach A Valuation Of US$ 1.21 Bn By 2030

Future Market Insights, an ESOMAR-certified Market Research Company, in its newest study on the chopper pumps market, opines that the market is slated to surpass US$ 1.20 Bn by 2030. Chopper pump manufacturers are ramping up efforts to increase pumping efficiency of chopper pumps. FMI’s analysis estimates that efficiency increase by a mere 2%-3% would incur costs savings to the tune of thousands of dollars every year.

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In countries such as the US, approximately 15%-20% of chopper pumps are energy-efficient, thus boosting market prospects through 2030. This has also paved way for increased R&D spending wherein manufacturers are focusing on development of innovative chopper pump solutions with high durability and increased efficiency.

Key Takeaways of Chopper Pumps Market Study

  • Superior durability, higher product lifecycles and reduced installation costs will be primary USPs of chopper pump manufacturers
  • Organized aftermarket services and a robust network of distributorships for maintenance services will brighten prospects for chopper pumps market through 2030
  • Cost saving processing in food and beverages sector is anticipated to create new investment streams for chopper pumps in developing regions such as China and India
  • Strong branding and brand positioning by SME’s and small-scale retailers of chopper pumps is enabling penetration of local players in the market.

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COVID-19 Impact on Chopper Pumps Market

Manufacturers are seeing their revenue pools shrink with large scale disruptions in supply chains due to quarantines and factory shutdowns.

Sectors such as chemicals, paper and pulp, wastewater management and agriculture are seeing a slowdown in new project developments and is impacting overall demand for pumps.

The near-term impact on chopper pumps market will be determined by effective management of supply chains and fiscal/control measures for continued liquidity for SMEs. Post pandemic, it is anticipated that chopper pump manufacturers will re-shore their manufacturing and facilities towards South Asia in countries such as India. With agriculture and food processing relatively less affected by the pandemic, the market will recover in the foreseeable future.

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Chopper Pumps Market Competition Landscape

The market for chopper pumps is fairly fragmented. The leading stakeholders have a large footprint in regions such as North America and Europe.

On the other hand, smaller players are penetrating extensively in developing regions of Asia Pacific where they are expanding their local networks by either setting up their own sales and distribution channels or collaborating with independent distributors.

  • Sulzer, a Switzerland based pump manufacturer, has introduced dewatering submersible chopper pumps with an equipped aquatronic unit giving real time intelligence
  • Vaughan Co, a US based pumps supplier, has launched more than 2o patents for its range of innovative products
  • Cornell Pump Company, another US based pump manufacturer, accounted for 2.4% of the market share in 2019. It extensively brands its pumps by participating in trade shows and events across the world
  • The Danish Water Technology alliance between the Danish water sector and North America is projected to create numerous opportunities for Landia, a Denmark based pump manufacturer. The company actively strives for new and innovative chopper pumps to achieve lowest lifespan costs with minimal resource consumption

Refrigeration And Air Conditioning Compressors Market For Various Applications Will Increase The Sales At A CAGR Of 2.7% During 2022-2029

A new market research report by Future Market Insights on the refrigeration and air conditioning compressors market includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the refrigeration and air conditioning compressors market and provides critical insights for the forecast period of 2022-2029.

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As per the findings of the report, the global refrigeration and air conditioning compressors market is expected to experience substantial growth during the forecast period due to multiple driving factors such as increasing retail stores across the globe.

The global refrigeration and air conditioning compressors market value at US$ 34.2 Bn in 2022, and is estimated to increase at a CAGR of 2.7% during the forecast period of 2022-2029. This growth is majorly driven by the increasing consumption of refrigeration and air conditioning compressors in residential applications, commercial applications, and industrial applications.

Government regulations are expected to play an imperative role in defining the product development and innovation strategies of market players involved in the refrigeration and air conditioning compressor market. In addition, the phase-down of R22 has compelled manufacturers to increase the adoption of R410A, R407C, and R404A, according to the FMI analyst.

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East Asia to Offer Lucrative Opportunities

Europe and North America regions are projected to hold significant shares in the global refrigeration and air conditioning compressors market. However, the East Asia market is anticipated to project rewarding growth in the global refrigeration and air conditioning compressors market over the forecast period of 2022-2029.

This is driven by the rapid growth of the food & beverages industry coupled with the rising number of cold supply chain facilities and warehouses in the countries of East Asia such as China and South Korea.

Additionally, macroeconomic factors such as urbanization, growing population, and increasing purchasing power of middle class population, and rising standard of living are some of the other factors that are boosting the growth of refrigeration and air conditioning compressors market.

Residential Industry to Remain Key Consumer of Refrigeration and Air Conditioning Compressors

The global refrigeration and air conditioning compressors market has been segmented on the basis of cooling capacity, types of compressors, their multiple applications, refrigerant, end use, and regions such as North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East and Africa.

  • By product, the rotary vane type of the refrigeration and air conditioning compressor segment is estimated to hold significant value shares of the global refrigeration and air conditioning compressors market.
  • On the basis of cooling capacity, the less than 5 kW segment is projected to consume majority share of the global automotive lighting market value. However, the 30 to 100 kW segment is estimated to project a rapid growth in the global refrigeration and air conditioning compressor market.
  • By application, the residential segment is estimated to hold significant value share of the global refrigeration and air conditioning compressors market. This segment is likely to be prominent in the global refrigeration and air conditioning compressors market across all regions. However, the commercial segment is anticipated to grow at a high CAGR during the forecast period. Transportation and medical & healthcare applications are also growing at a moderate CAGR during the forecast period.

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Refrigeration and Air Conditioning Compressors Market: Vendor Insights

The report indicates some of the prominent market players, who are recognized as leaders in the global refrigeration and air conditioning compressors market. Some of the key players in the global refrigeration and air conditioning compressors market are Emerson Electric Co., Danfoss Group, Huayi Compressor Co., Ltd., Mitsubishi Electric Corporation, Nidec Corporation, Midea Group, Panasonic Corporation, LG Electronics, Inc., United Technologies Corporation, MAYEKAWA MFG. CO., LTD., GEA Group AG, Daikin Industries Ltd., and CAREL Industries S.p.A., among others.

The global refrigeration and air conditioning compressors market is considerably consolidated with some players holding prominent shares of the market. These players are offering refrigeration and air conditioning compressors under their several brands.

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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Global Gasoline Generator Market Are Anticipated To Top US$ 994.6 Mn And Rising At A CAGR Of 3.7% During 2022-2029

A new market research report by Future Market Insights on the gasoline generator market includes global industry analysis 2014 – 2021 and opportunity assessment 2022 – 2029. The report inspects into the gasoline generator market and provides critical insights for the forecast period of 2022-2029.

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As per the findings of the report, the global gasoline generator market is likely to experience considerable growth during the forecast period, owing to several dynamic factors, such as rising demand from residential and commercial sectors for running small power loads in case of power outages.

The global gasoline generator market is estimated to be valued at US$ 768.8 Mn in 2022, and is expected to register healthy growth of 3.7% during the period 2022-2029. This growth is prominently driven by the growing construction industry. The market for gasoline generators across the globe is highly competitive and small players in the market have to struggle to gain share in the market.

Companies have to adopt product innovation as a key strategy to maintain competitive edge, as new product innovations can provide significant growth opportunities in the market. Noise and weight reduction in portable gasoline generators can be opportunistic; development of products within affordable price bracket can result in high penetration into residential sector.

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North America to Capture Significant Market Share

There has been substantial growth in the U.S. construction industry over the recent past. As per the U.S. Census Bureau, there has been significant growth in non-residential construction spending. It is also estimated that this particular segment will grow rapidly over the forecast period.

With the growing construction industry, rise in the preference for portable generators (for standby backup power) is expected to surge the demand for gasoline generators over the forecast period. Since 2010, there has been a continuous rise in the U.S. non-residential construction spending with an annual growth rate of ~5-6%, which is likely to boost the demand for gasoline generators in upcoming years.

Commercial Sector to Remain Key Consumer of Gasoline Generators

A robust market trajectory is foreseen for the gasoline generator market. Commercial and residential sectors spearheading usage of portable generators are likely to remain prominent end users of gasoline generators.

  • Gasoline generators that produce power output in the range of 3,000 watts to 5,000 watts are projected to register prominent growth in upcoming years. Gasoline generators that come under this category are utilized in several end-use sectors in case of power failures.
  • Portable gasoline generators are most-widely utilized generator sets across the globe, which provide electricity by running a gasoline-powered engine. Portable generators are not permanently installed and can be moved from one place to another easily. Portable gasoline generators are available in various sizes depending on the power output.
  • Gasoline generators are primarily utilized for standby backup power applications across several end-use sectors, such as residential, commercial, industrial, and agricultural, among others. The standby backup power application accounts for a major share in the gasoline generator market.

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Gasoline Generator Market: Vendor Insights

The report titled gasoline generator market highlights some of the key market participants, who are well-known market players and have established themselves as prominent stakeholders in the global gasoline generator market.

Some of the examples of key players in the global gasoline generator market are Kohler Co., Honda Motor Co., Ltd., Generac Power Systems, Inc., SGS Engineering (UK) Ltd., Hyundai Power Equipment, Stephill Generators Ltd., Yamaha Motor Co., Ltd., and Champion Power Equipment, Inc., among others.

In terms of market structure and tier analysis, the global market for gasoline generators is mostly fragmented, with top 3 players holding 25%-30% share in the global market. This is mainly due to the large number of Chinese and other players involved in the manufacturing of gasoline generators. Significant players in the market are focusing on mergers and acquisition activities, along with new product launches to expand their global reach.

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,

Plot No: JLT-PH2-X2A,

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United Arab Emirates

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Global Biocomposites Market Estimated To Reach Value Of Approximately Over US$128 Bn By The End Of 2032

Over the forecast period, the global biocomposites market is predicted to increase at an exponential rate of 16%. Valued at US$ 25 Bn in 2021, the biocomposites market is anticipated to reach US$ 128 Bn by 2032.

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The increased research and development efforts for composite materials and biocomposite uses and benefits such as recyclability, lightweight, and cost-effectiveness are driving this trend. In addition, due to the harmful nature of synthetic materials, recycling challenges, and toxic residues, the biocomposites market size will continue to expand throughout the predicted timetable.

As per the biocomposites market report, Germany, the United States, and Japan are among the developed countries working on boosting the usage of ecologically friendly items rather than petroleum-based products.

The European Union (EU) has favored such items over the United States and Japanese governments. It requires the use of bio-based materials, encourages the recyclability of vehicle components, and holds automakers accountable for disposal at the end of the vehicle’s service life. These laws are likely to boost demand for biocomposites in various end-use industries, including transportation, construction, and electrical and electronics.

The power necessary to make biocomposites is far lower than that critical to making glass fiber composites or carbon fiber composites. On the other hand, Biocomposites are more expensive than glass fiber composites. However, price reductions are prospects due to economies of scale and common biocomposites applications.

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These biocomposites may be made inexpensively in developing countries like India and China using abundant raw materials, including flax, jute, Kenaf, and hemp. Therefore, the overall cost of natural fiber-based biocomposites will be reduced. In addition, the biocomposites market future trends indicate that as the technology matures and production reaches economies of scale, these biocomposites are likely to become less expensive in the long run.

COVID-19 has had a detrimental impact on sales of biocomposites due to a drop in demand from numerous end-use sectors. Being one of the largest users of biocomposites, building and construction have seen the worst and most immediate effects of the epidemic. The building industry has been hit the worst. This has had a negative biocomposites market outlook.

Advancing at a CAGR of 16%, the biocomposites market size is expected to reach US$ 51 Bn by 2026.

Key Takeaways

  • The hybrid composites product section captured the largest market size in the global biocomposites market, owing to increased biocomposites applications around the world. Its substantial market share is credited with the optimum fiber adhesion that leads to decreased moisture content, high strength, and structural capacity.
  • As per the biocomposites adoption trends, they are predicted to be the dominant market in the Asia Pacific. Over the projected period, it is also anticipated to be the fastest regional market.
  • The requirement for synthetic polymer biocomposites had decreased in 2020 because of the COVID-19 pandemic. As global end-use industries found a stable footing by the fourth quarter of 2020, demand for biocomposites also showed signs of recovery.
  • The market for biocomposites is dominated by the building and construction industry.
  • Wood fiber composites have the biggest market share in volume in the global biocomposites industry.

“The need for biocomposites is increasing in the building and construction, transportation, consumer goods, and other end-use industries. However, as a result of COVID-19, sales in various industries have decreased, reducing demand for biocomposites.”—opines an FMI analyst.

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Competitive Landscape

To gain a foothold in the biocomposites market opportunities, the key companies in the industry are pursuing a variety of inorganic and organic techniques.

Biocomposites, an international medical device company that produces and manufactures leading products for bone and soft tissue infection management, announced today that its STMULAN products are, vancomycin, gentamycin, and tobramycin, have received new Canadian approval for the mixing of antibiotics with them.

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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Global Heat Pumps Market Is Anticipated To Witness A Considerable Value CAGR Of 5.4% During 2022-2030

Reducing the initial demand for energy and carbon emissions from such devices is identified as a key driver of the heat pump market. Increased investment in the construction and residential sectors will provide new growth markets for heat pump suppliers. The market is anticipated to witness a considerable value CAGR of 5.4% during the period of 2022 and 2030.

According to FMI’s recent study, the heat pumps market was valued at around US$ 32 Bn in 2021 and is estimated to expand at a CAGR of 5.4% over the forecast period of 2022-2030, with a limited impact of the current pandemic situation on long-term growth forecasts.

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Increasing demand for tech-advanced cooling solutions with low carbon footprint, government initiatives to curb greenhouse gas emissions, and advancements in heating, ventilation, and air conditioning (HVAC) systems are factors contributing to the revenue pool of the heat pumps market.

Amidst the health crisis, cooling as well as heating systems are critical to fulfil the immediate needs of consumers, such as providing thermal comfort in hospitals and homes, preserving food and medicines, and keeping data centers running. In line with this, refrigeration and heat pumps are essential for consumers.

As the world attempts to fight the COVID-19 pandemic, it has led to delayed production across several heat pump production facilities in major coronavirus hit countries such as the US, China, and Germany, This is expected to dampen heat pump sales by around US$ 1 Bn in 2022.

Moreover, the COVID-19 pandemic will significantly impact consumer behavior in the short term, with domestic shipments from China for air source heat pumps (ASHPs) registering drop of over one-third in January 2022.

The heat pumps market will witness v-shaped recovery growth, owing to rising inclination towards innovative construction solutions, especially in countries such as India, China, and Mexico.

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Key Takeaways from Heat Pumps Market Study

  • Air-water heat pumps are finding immense use in domestic hot water, floor heating, and space heating/cooling applications.
  • Heat pumps having flexible or twin-speed features to reduce energy consumption and improve overall efficiency throughout are likely to garner substantial traction over the forecast period.
  • Demand for CO2 refrigerant heat pumps is expected to increase, given its excellent recyclability, low cost, and environment-friendly attributes.
  • Hybrid heat pumps are likely to see significant rise in adoption, owing to their high efficiency, lower energy consumption, and cost effectiveness as compared to other heat pumps.
  • Air-source heat pumps continue to grab huge attention of market players, owing to their low installation cost and high demand in North America and Western Europe.

“As the world moves towards sustainable and green energy solutions, heat pumps are expected to replace conventional heating systems rapidly in the near term. In addition, the ongoing coronavirus (COVID-19) spread can alter how companies organize their supply chains in the coming years, with more stress being layed on decentralization”.

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Heat Pumps Market : Competitive Landscape

The study provides vital insights of the competition landscape in the heat pumps market, along with various strategies adopted by prominent players. The heat pumps market is fairly competitive, with manufacturers offering identical products. Some of the key manufactures in the heat pumps market are Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Group, NIBE Group, and Danfoss Group Global.

Market participants are investing in R&D activities to develop new products with better energy efficiency, and are also focusing on providing aftersales services.

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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Global Power Tool Gears Market Is Expected To Top US$ 8.38 Bn By 2030

According to FMI’s analysis report, the global power tool gears market was valued at US$ 5.63 Bn in 2021, and is estimated to exhibit a CAGR of 5.1% over the forecast period of 2022-2030, with a strong impact being felt due to the current shutting down of manufacturing industries in emerging markets in the initial period of forecast.

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However, in the long run, the requirement of new and advanced power tools amongst woodworking personnel and metal fabricators will push the growth of the power tool gears market through 2030.

Due to the global health emergency caused by the outbreak of COVID-19, and subsequent lockdowns in numerous countries around the world, there is sense of economic instability across the globe, which is anticipated to limit market growth to an extensive level.

Post pandemic, the power tools gears market is set to witness decent growth, on the back of increasing requirement of faster woodworking and metalworking operations to meet the rising demand for wooden and metal fabricated products in the market.

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Key Takeaways of Power Tool Gears Market Study

  • Increasing adoption of automation, better productivity, and easier and accurate operations are vital points propelling the demand and usage of power tools, which is subsequently fueling the growth of the power tool gears market.
  • Power tools can be used for hard materials, which are otherwise strong and difficult to work on with mechanical tools. Also, lack of skilled workforce and wage issues are other driving factors for the increment of the power tool gears market.
  • Use of spur gears and worm or spiral gears is anticipated to increase over the forecast period.
  • The professional end user type segment is likely to retain its dominance in the market due to the requirement of more gear sets. High adoption of power tools for professional purposes is also driving the segment.
  • By application, grinding machines are anticipated to progress at a swift pace over the forecast period, with increasing use of sanders and polishers in the market.

“To improve profit margins by increasing production rates and reducing operating costs, effective reduction in workforce is required. As such, many end-use companies are anticipated to increase the usage of power tools over the slated course of time. However, due to the spread of the novel coronavirus, which is nearly shutting down many prominent economies, growth of the power tool gears market will be hindered in the immediate future.”

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Power Tool Gears Market: Competitive Landscape

The report provides thorough study on the competition landscape of the power tool gears market, and new strategies and development activities adopted by established market players and new entrants.

The global power tool gears market is decently fragmented, with various manufacturers offering identical products. Some of the key manufactures in the global power tool gears market are Porite Group, hGears, Zhejiang Oliver manufacturing Gear Co. Ltd, and Zhejiang Fore Intelligent Technology Co., Ltd. among others.

Prominent market players are investing heavily in research and development activities to manufacture new, strong, and durable products, to improve the quality and assurance of their products, so as to increase their acceptance in the market.

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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Global Process Liquid Analyzer Market Rise At A Moderate CAGR Of 5.9% Between 2022 And 2028

With an increasing focus on sustainability and the green revolution, coupled with concerns pertaining to the use of fossil fuels, governments across the world are teaming up with global industry bodies to prescribe regulations to reduce the harmful effects of refined petroleum fuels. Adhering to these mandates will mean petroleum refineries need to upgrade their infrastructure, technologies, and blending and operational processes. This scenario is anticipated to create a favourable path for revenue growth of the global process liquid analyser market.

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According to a new research study by Future Market Insights (FMI), the process liquid analyser market is slated to reach a valuation of about US$ 4.22 Bn by 2028. From an estimated value of just under US$ 2.4 Bn in 2018, this is indicative of a decadal growth rate of 5.9% from 2022 to 2028.

Mass urbanisation across the globe brought about by rapid industrialisation has resulted in a sustained need for clean, potable water and wastewater treatment. The governments of emerging economies particularly in the Asia Pacific are beefing up investments in water and wastewater treatment infrastructure to meet the rising demands of the population. Future Market Insights predicts a lucrative opportunity for new revenue generation in the process liquid analyser market as a direct consequence of these investments.

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Increasing Demand for Process Liquid Analysers to be Witnessed from Key End-use Industries in the Coming Years

Process liquid analysers are widely used across industries such as food and beverages, healthcare and pharmaceuticals, chemicals, water and wastewater treatment, oil and petrochemicals, automotive, paper and pulp, and power generation. Consistent growth of end-use industries has led to a rising need for providing high quality output while adhering to the stringent governmental norms ruling various industrial processes.

An increasing demand for critical industrial components such as process liquid analysers can be observed in the wake of industrial advancements that call for enhanced operational efficiency and reduction in costs as well as industrial waste. According to FMI analysis, water and wastewater treatment is the largest end-use sector in the global process liquid analyser market, both in terms of revenue and demand generation.

Revenue Pullers in the Process Liquid Analyser Market

While the need to enhance industrial operational efficiencies and ensure consistent integrity of industrial processes is driving the process liquid analyser market, there are certain factors that are restricting revenue growth. Process liquid analysers come with very low replacement rates, requiring the replacement of the product after a span of several years. Product longevity acts as a bane in subsequent replenishments, thereby restraining replacement revenue growth to some extent.

Then again, the initial setup costs associated with process liquid analysers could be very high, depending on the end-use application. Complex process liquid analysers used in some of the crucial industrial processes may require high capital investments. This factor is also expected to act as a hindrance to revenue growth of the global process liquid analyser market.

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FMI Projections and Forecasts of the Process Liquid Analyser Market

  • The process liquid analyser market is estimated to generate incremental $ opportunity to the tune of about US$ 1.8 Bn in the next 10 years
  • Process liquid analysers deploying NIR technology are slated to have the widest application
  • TOC analysers to dominate the global market through 2028; pH & ORP analysers to witness fastest growth owing to increasing application across several end-use industries
  • Process liquid analysers with digital displays to hold largest market share in the coming decade
  • Demand from the water and wastewater treatment sector will witness fastest growth during the period 2022 – 2028; this is also the largest revenue generating end-use sector in the global market
  • North America to remain dominant regional market for process liquid analysers through 2028; China and India to remain top regional markets in terms of demand for process liquid analysers

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,

Plot No: JLT-PH2-X2A,

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United Arab Emirates

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Report: https://www.futuremarketinsights.com/reports/process-liquid-analyzer-market