North America Underground Mining Vehicle Market Trend 2021, Growth, Leading Companies with Impact of Covid-19, Business Scenario, Emerging Dynamics, Industry Share and Revenue Forecast by 2031

Rapid improvement in coal, precious and rare-earth minerals mining coupled with increasing investments in capital equipment are the key factors driving the growth of underground mining vehicle market during the forecast period.

As per Future Market Insights, the underground mining vehicle market is projected to be valued at ~US$ 1.9 Bn in 2021, expanding at a CAGR of ~5.0% over the forecast period of 2021-2031. Unprecedented outbreak of COVID-19 pandemic has caused severe impact on the North America’s economy.

Complete shutdown in the region led to disruption of supply-chain networks and halt in manufacturing and mining activities. Subsequently, this affected the underground mining vehicle market negatively. However, underground mining vehicle market is expected to recover sharply as the economic activities resumes post the containment of pandemic.

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Key Takeaways of Underground Mining Vehicle Market Study

  1. Canada is anticipated to be the leading market in North America owing to the increased mining production. Canada is expected to continue its reign as it’s the highest contributor in the regional GDP as compared to the U.S. and Mexico
  2. Growing preference of mining companies for improved efficiency and productivity will improve the demand for advanced underground mining equipment
  3. Rental service providers will be the most preferred owners for underground mining vehicles as manufacturers are looking to reduce high maintenance cost.
  4. The market is moderately to highly competitive, with regard to scramble for resources and mining machinery. Key players are focusing on introduction of new product lines, fueling the competition in the industry.
  5. For improved efficiency, key manufacturers are increasing the production of electric underground mining vehicles such as electric trucks which can take the load capacity the same as diesel truck.
  6. The aftermarket segment is expected to be the most preferred as demand for customized and advanced underground mining vehicles is increasing among owners

Competitive Landscape

The Underground Mining Vehicle market North America specific is moderately fragmented, with leading players accounting for more than half of the market share. Penetration of regional and local players will further intensify the competition. Some of the key players in the market are Caterpillar Inc., Sandvik AB, Epiroc AB, Komatsu AB, Boart Longyear Ltd., Hitachi Construction Machinery, Liebherr Group, Sany Heavy Industry Co., Ltd., Volvo Construction Equipment and among others. The aforementioned players have higher shares in the North America’s underground mining vehicles market. Longstanding relationships with key distributors and end users is providing competitive edge to the key players.

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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 keyword 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

About 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, the global financial capital, and has delivery centers in the 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.

Global Elevators And Escalators Market Share by 2026: Upcoming Trends and Analysis

Elevators and Escalators are the two unavoidable parts of everyday life of humans. Multifarious malls and skyscrapers make elevators and escalators the must-haves in every building. Busy time schedules and increased number of ageing population necessitate the facility of escalators and elevators in residential apartments across the globe. According to the U.S. Census Bureau, the ageing population (above 65 years) held 8.5% share of the total population worldwide during the year 2015 and is projected to increase its share to 12.0% by 2030. Moreover, factors like rapid urbanization, changing demographics and increasing constructional activities around the world is expected to drive the growth of the global elevators and escalators market rapidly. Safety is considered as the prominent factor in selection of elevators and escalators service providers.

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Elevator systems consist of 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 due to increasing demand from the 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 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. Additionally, increasing focus of government towards high rise infrastructures coupled with increasing need of rapid transit are expected to fuel the growth of global elevators and escalators market. Moreover, continuous investment for the improvement of infrastructure at public places like railway station, airports, shopping malls, etc. is further expected to upsurge the demand for elevators and escalators during the forecast period. Tourism is another sector which encourages the demand for elevators and escalators in places of importance for the ease and convenience of the tourists visiting the respective countries.

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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. Moreover, lack of skilled labour for the after sales maintenance is expected to hamper the growth of elevators and escalators market. Furthermore, escalation in consumption of energy and power by elevators and escalators is anticipated to retard the growth of the market during the forecast period.

Region-wise Outlook

Based on regions, Asia Pacific led by China and India, holds about 65% share in total ageing 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.

Regional analysis includes:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan
  • 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. The report also maps the qualitative impact of various factors on market segments and geographies.

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Key Players

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

  • 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, application, and industry.

Vibratory Feeder Machine Market Development Status, Competition Analysis, Type and Application 2029 : FMI

This Vibratory Feeder Machine market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentations that captures all the facets of the evolving Vibratory Feeder Machine market.

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Vibratory Feeder Machine Market: Market Outlook

Vibrating equipment has a long positive record in tough uses within the steel, foundry, mining, coal, and scrap industries where its ability to provide consistent performance which is highly considered. Over the past few years this technology have proven itself with expanding their application in recycling and waste recovering industries

Vibratory feeder machine can be used to convey a wide variety of products and materials. It use tubes or trays to hold the product, while vibration is used to produce a continuous series of fast hops forward for the waste. In waste recycle applications, vibratory feeders machine is often used to break down bulk loads into controllable streams and for sorting equipment feeds

Government Initiatives to Spread Waste Management AwarenessGovernment proactive steps to create an awareness about waste management through several programs, social networking sites and advertising is also an important factor expected to enhance the overall market. In many countries, governments have started promoting waste recycling equipment by drafting policies and offering support to private companies.

Different countries have varying environmental regulations related to the waste industry. For instance, Waste Electronic and Electric Equipment Regulations an European Union (EU) directive, imposed rules regarding the disposal of WEEE (Waste Electronic and Electric Equipment). By 2006, these European regulations were incorporated in U.K. and were simplified in 2013. This has resulted in a greater number of products being recycled

Vibratory Feeder Machine Market: Dynamics

Increase in investment on waste management plans coupled with government initiatives to spread waste management awareness will likely to spur the demand vibratory feeder machine market. However, high cost of the machine will hinder the demand for vibratory feeder machine market. Other factors hampering the growth of the market are requirement for high installation cost of large-scale machines. Large-scale machines consist of conveyors, bowl feeder other high-power consuming components, which results in overall product cost inflation

Vibratory Feeder Machine Market: Trend/ Regional Outlook

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According to some estimations by the UN, in 2014, 54% of the world’s population lived in cities, which is estimated to expand up to 66% by 2050. The Asia Pacific accommodates over half of the world’s population and also contributes over 50% to the global trade value. The region has diverse population and industrial distribution among countries – China and India represent over 62% of regional population. Therefore, increase in pollution will increase the waste that in turn will spur the demand for vibrator feeder machine market.

Vibratory Feeder Machine Market: Market Participants

Examples of some of the market participants/vendors identified in the Vibratory Feeder Machine market across the globe are:

  • Eriez
  • Carrier Vibrating Equipment, Inc.
  • General Kinematics
  • Fortville Feeders, Inc.
  • Vibra Flight Systems Inc.
  • Home City Automation, Inc.
  • Vibrating Equipment, Inc.

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

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The report covers exhaustive analysis on:

  • Market Segments of Automotive air filter housing
  • Market Dynamics of Automotive air filter housing
  • Market Size of Automotive air filter housing
  • Supply & Demand of Automotive air filter housing
  • Current Trends/Issues/Challenges of Automotive air filter housing
  • Competition & Companies involved of Automotive air filter housing
  • Technology of Automotive air filter housing
  • Value Chain of Automotive air filter housing

Regional analysis includes:

  • North America (U.S., Canada) Automotive air filter housing
  • Latin America (Mexico, Brazil) Automotive air filter housing
  • Western Europe (Germany, Italy, France, U.K, Spain) Automotive air filter housing
  • Eastern Europe (Poland, Russia) Automotive air filter housing
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand) Automotive air filter housing
  • Japan Automotive air filter housing
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa) Automotive air filter housing

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

Global Multi Attachment Loaders Market Share by 2031: Upcoming Trends and Analysis

A multi attachment loader is a hefty equipment device which is used to load or move different objects, materials and is multi purposely used in various fields like agriculture, construction, landscaping and in various industries. Multi Attachment Loaders are used to move sand, stones, rock, etc. Multi Attachment Loaders can be temporarily or permanently mounted as per the need. Multi Attachment Loaders makes work easy for humans and reduces the work human efforts. It can be varied from 150+ different attachments as every loader have got different purpose to serve.

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Multi Attachment Loaders is mainly used in the earthmoving jobs where the prime task is to move, deposit and load materials efficiently. The major components included in the Multi Attachment Loader are: the engine (diesel in almost all cases), the hydraulic components (such as valves, motors and pumps) and the transmission components (axcel, pumps, wheels/tracks, gearbox, motors, etc.).

The types of Multi Attachment Loader mainly depends upon application and design. The engine scuttle both the transmission and the hydraulic, and these is moved in the front attachment successively (sweeper, bucket, forks, sweeper, etc.) to carefully move the material being handled, and the wheels or tracks to move the machine around the jobsite.

Competitive Analysis:

Some of the key market participants in the global of Multi Attachment Loaders market, identified across the value chain include:

  • AB Volvo Group
  • Catterpillar Inc.
  • Komatsu Corporation
  • Doosan Corporation
  • Hitachi Corporation.
  • J.C. Bamford Excavators Limited
  • Liebherr Group
  • CNH Industrial
  • Hyundai Motor Company
  • Terex Corporation

The research report on the Multi Attachment Loaders market presents a comprehensive assessment, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

The Multi Attachment Loaders market report also contains projections using a suitable set of assumptions and methodologies. The report provides analysis and information according to market segments such as geography, vehicle type, and sales channel.

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Analyst Perspective

Increasing flexibility for various requirements is a major challenge for the Multi Attachment Loaders market as in the increasingly unstable and unforeseeable Indian economy requires Multi Attachment Loaders manufacturers to build more flexible and efficient operating machines.

The proliferated usage of these devices across small, medium and large businesses have determined that it is the most crucial equipment in today’s automobile industry to drive energy savings and important factors for calculating the total cost of ownership.

Regional Outlook

Asia Pacific is anticipated to remain the most attractive market, region which is been followed by North America during the forecast period. The growth can be witnessed due to various government projects in these regions.

From example, constructional activities of infrastructural development, in emerging countries such as India and China. North America also plays a crucial part in the market of multi attachment loaders. The demand of the skid steer attachment type is the main reasons for the demand of multi attachment loaders in the region.

Regional analysis includes

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

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

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By Segmentation:

The global Multi Attachment Loaders Market can be segmented on the basis of attachment type, Operation Type, wheel type, Engine HP and application type.

Attachment Type:

  • Back Hoe
  • Skid Steer
  • Crawl
  • Mini Loaders

Wheel Type:

  • Wheeled
  • Track

Operation Type:

  • Diesel/Conventional
  • Electric

Engine HP:

  • Below 50 HP
  • Above 50 HP

Application Type:

  • Mining
  • Construction
  • Waste Management
  • Forestry
  • Others( Agriculture, Landscaping)

Global Industrial Catalytic Converters Market Share by 2027: Upcoming Trends and Analysis

Industrial catalytic converters are devices used to control the emission of toxic and harmful pollutants from exhaust gasses by converting them through a redox reaction. A redox reaction consists of either an oxidation reaction or a reduction reaction. As many countries have stringent norms pertaining to environmental safety, every industrial exhaust system should contain catalytic converters. Industrial catalytic converters find application in several industries, such as refinery, steel, and manufacturing, where the emission of toxic gasses is high. These devices are mainly used to convert harmful exhaust gasses, such as CO (carbon monoxide), HC (hydrocarbons), and NO (nitrogen oxides), among others into less toxic and harmful gasses, such as CO2 (carbon dioxide), N2 (nitrogen), and others.

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An industrial catalytic converter is made of two columns, ceramic and metallic, and both the columns have a catalyst coating. The ceramic column provides protection from thermal and vibration shocks, and the metallic column is directly mounted on the main body. In this device, platinum, rhodium or palladium are used as catalysts and they are coated on the ceramic column, and attached to the outlet. Earlier, platinum was a widely used catalyst, but nowadays, due to the high cost of platinum, the use of rhodium and palladium is trending.

Industrial Catalytic Converters Market: Dynamics

Increasing industrialization across the world in industries, such as automobile, chemical, textile, and increasing manufacturing of electrical equipment, and steel products drives the demand for industrial catalytic converters. Additionally, stringent norms set by government authorities in various countries are influencing the demand for industrial catalytic converters.

On the other hand, with the evolution of technology, the automobile industry is shifting towards electric vehicles, which will act as a restraint for the global industrial catalytic converters market. The use of non-noble metals in the manufacturing of industrial catalytic converters is a key trend identified recently. Increase in vehicle production and sales, and increase in global industrialization can foster a strong potential opportunity for this market. At the same time, fluctuating prices of some of the metals used in the manufacturing of industrial catalytic converters can be a major challenge for the market.

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Regional Outlook

The Asia Pacific region holds a majority of the market share as compared to other regions, followed by Europe and then North America – both of which are expected to grow at the same rate. The demand for industrial catalytic converters in countries, such as China, India, and South Korea in Asia Pacific is expected to grow, owing to the continuous growth of chemical and textile industries in the region.

Europe is seen as a potential market for the industry, due to the upcoming emission standards for the reduction of carbon monoxide from various industries. Also, Europe and North America show promising opportunities for the industrial catalytic converters market, as the regions are chemical manufacturing hubs. The demand for industrial catalytic converters is anticipated to grow at a CAGR of around 8% globally over the forecasted period, which can be attributed to the increase in demand from textile and manufacturing industries.

Regional analysis includes:

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

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

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By Segmentation

Market segmentation of the industrial catalytic converters market on the basis of its types:

  • Two-Way
  • Three-Way

Market segmentation of the industrial catalytic converters market on the basis of the applications:

  • Portable Generators, Portable Heaters
  • Furnace and Chimney
  • Forklifts, Cranes and Lifting Equipment
  • Air Compressors
  • Drilling and Well-Digging Machines
  • Pile Drivers and Bridge-Building Machinery
  • Construction Equipment
  • Others

Market segmentation of the industrial catalytic converters market on the basis of the end use industry:

  • Oil and Gas
  • Chemical
  • Metal and Mining
  • Textile
  • Automobile

Africa Zero Liquid Discharge System Market Growing at Positive 5.4% CAGR Over Assessment Period From 2021-2031

As per a Future Market Insights (FMI), the Africa zero liquid discharge system market is projected to total US$ 27.7 Mn in 2021, growing at a positive 5.4% CAGR over the assessment period, from 2021 to 2031. Product innovations in zero liquid discharge systems, along with robust aftersales service network and product customization offered by key market players are anticipated to push sales of zero liquid discharge systems in Africa.

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After countering the initial impact of the unprecedented COVID-19 outbreak, the Africa zero liquid discharge system market is anticipated to witness year-over-year growth at 5.0% between 2020 and 2021. FMI projects Germany, France, Spain, and South Africa to emerge as key producers in the Africa zero liquid discharge system market during the forecast period.

2016-2020 Africa Zero Liquid Discharge System Market Outlook Compared to 2021-2031 Forecast

Demand for zero liquid discharge (ZLD) systems in Africa is projected to grow at 5.4% CAGR between 2021 and 2031, in comparison with 2.3% CAGR registered during 2016-2020. Rising demand for new process facilities, along with overhauling of existing effluent treatment systems will continue augmenting market growth in the forthcoming years.

With the persistent water crisis, demand for ZLD systems for new sources of potable water in African countries is on a rise.  On industrial front, end users of ZLD systems include food & beverage, textiles, electricity generation, mining, oil & gas exploration, and pharmaceutical industries.

One of the key factors driving the adoption of ZLD over conventional effluent treatment plant (ETP) systems is increased efficiency and a cutting-edge wastewater treatment process that eliminates all liquid discharge from a system. Capital expenditure in Africa, from the regional as well as foreign direct investments, is facilitating growth by creating opportunities for expansion of businesses operating in the market.

However, High Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) are still major restraints for ZLD plants as they usually have higher installation costs as compared to other wastewater treatment processes. Increasing scope of zero effluent discharge and provision of reuse in process stages is driving sales of hybrid zero liquid systems over conventional effluent management systems. Hybrid zero liquid discharge systems offer high efficiency and reduce energy consumption, while offering long term economic benefits.

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Besides this, expansion of chemicals, petrochemicals, mining & metallurgy, and textile industries will continue spurring demand for zero liquid discharge systems in the forthcoming years.

“New system installations and overhauling of traditional effluent treatment plants will positively shape the demand outlook for zero liquid discharge systems over the forecast period. Along with this, increasing investments in the energy, mining and pharmaceutical industries will create lucrative prospects for market players in forthcoming years,” says the FMI analyst.

Key Takeaways of Zero Liquid Discharge System Market Study

  1. Based on system type, conventional ZLD segment is estimated to account for over 60% of the market share in 2021.
  2. Applications of ZLD systems in mining & metallurgy are anticipated to gain traction. The segment is projected to grow high CAGR of over 5.5% in 2021.
  3. Northern Africa and Southern Africa have been estimated to be the leading regional markets in terms of revenue generation, valued at US$ 10.9 Mn in 2021.
  4. Namibia is anticipated to emerge as an attractive market, accounting for 27.5% of the African zero liquid discharge system market share.

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Competitive Landscape

As per FMI’s analysis, the zero liquid discharge system market in Africa is highly consolidated, with leading players accounting for nearly 3/5th of the market share. Some of the key players in the market are are Veolia, SUEZ, GEA Group, ANDRITZ AG, Thermax Global Limited, IDE Technologies, Alfa Laval AB, Multotec Group, Condorchem Envitech, Cannon S.p.A. and Ion Exchange India Limited.

Top 5 players operating in the Africa zero liquid discharge system market include Veolia, SUEZ, GEA Group, Alfa Laval AB, and Multotec Group.

Steel Pipe Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Pipes are a prominent and integral part of every human being’s everyday life, which include transporting water, oil & gas, sewage & sanitation, etc. Steel pipes are one of the types used in the pipe industry for both industrial and housing purposes. Steel pipes are categorised as carbon steel pipe, stainless steel pipes and others.

These pipes are mostly used in the water supplying and sewage systems due to its durability and low cost. Carbon steel pipes are usually used in industrial processes involving extreme cold, high heat or for transporting gases, such as steam. Stainless steel has the quality to prevent from oxidation and corrosion, which makes it a widely used material nowadays. One more category that is structural steel pipes, used in the construction industry. Steel pipes are also used in numerous applications that involve the flow of fluid with a closed loop.

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Global Steel Pipe Market: Drivers

As the oil and gas industry is growing rapidly, the demand for steel pipes is also increasing. Features such as reliability and durability are some of the prominent factors driving the global demand for steel pipes. Steel pipes have a wide range of usability, they are used in the automotive, mining and construction industries, which drives the manufacturing steel pipe industry. The available range of steel pipes becomes one of the reasons surpassing the demand of residential and non-residential sector of steel pipes. The replacement of ageing pipelines also increases the global demand of steel pipes.

Global Steel Pipe Market: Restraints

Substitutes such as iron and plastic pipes, which create diversions for the manufacturer towards other material pipes, are estimated to restrain the market growth. The corrosive behaviour of carbon steel pipes is one of the restraining factors, and the high cost of stainless steel also hinders the growth of the global steel pipe market.

Region-wise outlook

Asia Pacific is estimated to have a major share in the global steel pipe market. China has many manufacturers in the steel pipe industry, which makes it a dominating player in the Asia Pacific market. The countries in North America, such as the U.S. and Canada with developed steel manufacturing industries, represent as prominent regional markets. Moreover, the U.S. has produced a wide range of products related to carbon and stainless steel. The U.S. president Mr. Donald Trump also signed a memo for new steel pipelines with the use of U.S.-manufactured raw steel. Based on these factors, the U.S. is estimated to have a hefty market share in the steel pipe market globally. The replacement of ageing pipelines in Europe is expected to gain high market growth over the coming years. Latin America has sluggish growth in the global steel pipe industry market. The Middle East and Africa is estimated to show sustainable growth due to rising oil and gas industries.

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Regional analysis includes:

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

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

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By Segmentation

The global steel pipe market can be segmented on the basis of material type and application:

Based on the material type, the global steel pipe market is segmented as:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Tool Steel

Based on the application, the global steel pipe market is segmented as:

  • Automotive industry
  • Construction and mining
  • Textile Machinery
  • Chemicals
  • Pharmaceuticals
  • Energy industries
  • Refinery Petrochemicals
  • Oil and Gas Processing
  • Water treatment facilities

By Participants

Examples of some of the participants of the global steel pipe market are:

  • Arcelor Mittal
  • American Cast Iron Pipe Company
  • Baosteel Group corporation
  • Evraz Plcevraz plc
  • Anhui Tianda Oil Pipe Company Limited
  • Hyundai Steel Company
  • JFE Holdings Corporation
  • Zekelman Industries
  • Arabian Pipes Company
  • Nippon steel & sumitomo metal corporation
  • TMK Group
  • United States Steel
  • VALLOUREC
  • Steel Authority of India (SAIL)
  • Tata Iron and Steel,
  • Jindal Vijaynagar Steel (JVSL),
  • Essar Steel and Ispat Industries

Global Fire Rated Ducts Market Comprehensive Shares, Historical Trends And Forecast By 2031

According to latest research by Future Market Insights, Fire Rated Ducts market will grow at a moderate rate during 2021-2031. Demand for Fire Rated Ducts will witness steady recovery in short-term, with optimistic growth outlook in the long-run. Rise in demand for fire safety in factories, residences and commercial buildings to avoid fires will drive the demand for the market.

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Fire safety solutions are important to avoid any hazardous property or life loss. Many commercial and industrial buildings have mandatory fire rated ventilation ducts installed for safety. It is important for architects or engineers to install fire safety solutions in factories or any commercial buildings to avoid any fire- related accidents which is an important factor driving the demand for the market.

Over the forecast period, the market is likely to grow because of implementation of regulations imposed by the government about installation of fire safety ducts in all industrial buildings. Growing demand for heating, ventilation and air conditioning (HVAC) systems in the industrial sector and the rapid growth in construction industry are also the major factors uplifting the fire ducts market. In addition to industrial applications, fire safety ducts are largely used in residential and public facilities. These ventilation ducts are constructed in effective zones to limit the spread of smoke and fire throughout the building, making them very effective and useful in case of fire.

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Regional Outlook:

The US market will increase in the coming years because of exponential growth in infrastructure and material innovations by manufacturers. Due to pandemic the demand of fire rated ducts is likely to remain muted for the next couple of years, as construction industry slowly regains mobility in the market.

Demand for Fire Ducts in US and Canada will be led by growth in industrial sector as well as commercial facilities such as data centers and institutional buildings. Rising investments in construction industry in US is also accelerating the market growth as it will increase installation of the fire ventilation ducts in buildings. Many manufacturers are trying to develop energy efficient HVAC ducting for buildings which will increase the production of fire rated ducts in US.

The healthcare sector is expected to be major benefactor from the installation fire rated ducts to ensure apex safety standards. European fire standards have made it mandatory for buildings for installations of complete ductwork that offers fire resistance by compartment wall or floor to stop the fire from spreading. Many countries in Europe have their own fire regulations, but increase in safety standards for buildings has accelerated the demand for fire duct in European market.

For Fire Ducts manufacturers and suppliers, it is essential for them to get a third- party product certificate and independent quality- assurance certificate on their fire ducts as it is important that the ducts are to be of the permitted size and should not leak.

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Key Manufacturers and Suppliers:

Some of the leading manufacturers and suppliers of Fire Rated Ducts include

  • Lindab AB
  • Unifrax LLC
  • Durasystems
  • Leminar Air Conditioning Industries LLC
  • Firetrace Ductwork Ltd.
  • Firth Sheet Metal
  • CMS Group of Companies

Many leading manufacturers provide ducts for ventilation and smoke extraction that come in different sizes, operating pressures and configurations. Steel and Aluminum materials are widely used by manufacturers for making fire ducts.

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

Key Segments of Fire Rated Ducts MarketBy Material:

  • Steel
  • Aluminum
  • Fiber Glass
  • Polymers
  • Others

By Shape:

  • Round
  • Half Round
  • Rectangular
  • Triangular
  • Others

By Penetration:

  • Walls
  • Decks
  • Floor
  • Others

By Service:

  • Core Drilling
  • Seals
  • Duct Installation
  • Others

By Application:

  • Commercial Facilities
  • Public Facilities
  • Industrial Facilities
  • Others
By Region:

  • North America
    • US
    • Canada
  • Latin America
    • Brazil
    • Mexico
  • Europe
    • Germany
    • Italy
    • France
    • U.K.
    • Spain
    • BENELUX
    • Russia
    • Nordics
  • South Asia Pacific
    • India
    • ASEAN countries
    • Oceania
  • East Asia
    • China
    • Japan
    • South Korea
  • Middle East & Africa
    • GCC
    • Turkey
    • South Africa
    • North Africa

Global Combi Ovens Market Growth Of 10.2% In 2022 Reaching A Value Of About US$ 1,996.9 Mn By 2022 End

The global combi ovens market to grow with a year-on-year value growth of 10.2% in 2022 reaching a value of about US$ 1,996.9 Mn by 2022 end. Combi ovens are available for Convection, steaming, and combination cooking. The combination mode employs both dry heat and steam to maintain precise humidity levels in the food, allowing for more control over moisture levels.

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When it comes to professional food preparation, a combi oven can be utilized to replace both equipment’s, saving time, space, and money. The global businesses is anticipated to witness a considerable value CAGR of 10.7% during the period of 2022 and 2027.

Growing Demand from the Foodservice Sector to be Key Growth Driver

The growing demand from the foodservice industry and the need for more productive cooking methods are expected to be the core drivers for the global combi ovens market in the coming years. With the growth in economy and increment in the disposable income of people, people now endeavor to spend more on items that can fulfil their desires such as a luxury car, an apartment, or on the food and beverages they desire to eat or drink.

Humans are inquisitive in nature, and have the tendency to explore new things and new varieties of food to taste, which has thus pushed culinary specialists or chefs to come up with new types of cooking methods. Combi oven is best for cooking meat owing to the reason that the heat in the chamber does the majority of the cooking and the moisture in the oven prevents the meat from drying out and also increases its consumable life. Combi ovens are a perfect alternative for cooks when they are in the need to serve food in quick service restaurants or serve bulk orders. In this way, combi ovens are in great demand in inns, hotels, restaurants, eateries, and at other food outlets. The development of the foodservice sector across the globe is expected to bode well for the progression of the global combi ovens market.

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North America to Oust Europe in Terms of Value Share by the End of 2028

Among all the regions, Western Europe is expected to emerge as the leading region in the global combi ovens market with a share of 41% in 2017. However, by the end of the forecast period, Western and Eastern Europe are both likely to witness decline in their market shares and North America will witness a substantial rise in its share in the overall market by the end of 2027.

The growth of North America can be attributed to the growing investments being done by leading market players. To expand their market presence and global footprint, numerous players are focusing on investing in the North America market. Key players are adopting the strategy of mergers and acquisitions to collaborate with the local emerging players and to penetrate into the North America and strengthen their sales channel distribution.

By Segmentation:

By Product Type,

  • Steam Generated
  • Boilerless

By Power Unit,

  • Gas
  • Electric

By Capacity,

  • Low
  • Medium
  • Heavy

By End-use,

  • Hotels & Restaurants
  • Bakery Stores
  • Retail Outlets
  • Domestic & Institutional
  • Commercial Kitchens

By Region,

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

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Enhancement of Product Portfolio to be Core Strategy of Key Market Players

Key market participants are focusing on enhancement of their medium-term expansion strategy, product portfolio strategy, and mergers with regional distributors to expand their business. The players operating in the market are Alto-Shaam Inc., Electrolux AB, Fujimak Corporation, The Middleby Corporation, Retigo S.R.O, and Dover Corporation, among others.

Quad-Flat-No-Lead Packaging Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

quad flat no leads packaging market

Future Market Insights presents a comprehensive analysis and valuable insights on the adoption of quad-flat-no-lead packaging in various applications and sectors across the globe. The report titled “Quad-Flat-No-Lead Packaging Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” covers a wide angle of the global market with the help of a detailed market segmentation. The research report also discusses various opportunities for quad-flat-no-lead packaging, various trends influencing the global market, key drivers fuelling the growth of the global market as well as restraints that have a negative impact on revenue growth of the global quad-flat-no-lead packaging market. The research report presents historic data as well as future market projections for a period of 10 years.

The global quad-flat-no-lead packaging market is projected to grow at a high CAGR of 13.1% throughout the period of forecast, 2017-2027. Around US$ 62 Bn is the market standing of the global quad-flat-no-lead packaging market and with this enormous growth rate, it is estimated to touch a valuation of more than US$ 235 Bn by the end of the year of forecast.

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Rising demand for QFN package in compact devices expected to be a lucrative growth opportunity in the coming years

In the years to follow, it is anticipated that the consumer electronics and automotive sectors would witness high growth. This substantial growth is attributed towards increased adoption of advanced technologies such as wearable devices and electronic automobile accessories.

Wearable devices such as personal medical monitoring devices, wristwatch and others are small electronic devices that re widely being used among customers thus triggering the demand for packages as compact as UQFN or QFN.

Global Quad-Flat-No-Lead Packaging Market: Forecast Highlights

The global quad-flat-no-lead packaging market is anticipated to reach a value higher than US$ 235 Bn by the end of the year of assessment from a valuation of more than US$ 68 Bn in 2017. The global market for quad-flat-no-lead packaging is projected to grow at a stellar CAGR of 13.1% throughout the period of forecast.

Global Quad-Flat-No-Lead Packaging Market: Competitive Assessment

The research report on the global market for quad-flat-no-lead packaging includes analysis on key players and presents vendor insights in a dedicated chapter. Intelligence on key players such as NXP Semiconductor, Fujitsu Ltd., Toshiba Corporation, Texas Instruments, Microchip Technology Inc., STATS ChipPAC Pte. Ltd., ASE Group, Amkor Technology, UTAC Group, Linear Technology Corporation, Henkel AG & Co., and Broadcom Limited has been included in this chapter.

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Global Quad-Flat-No-Lead Packaging Market: Segmental Snapshot

The global quad-flat-no-lead packaging market is segmented on the basis of type, QFN variants, application and by region.

  • By type, the plastic moulded QFNs segment is expected to reflect high market attractiveness and is the largest segment. The plastic moulded QFNs segment is estimated to reach a value higher than US$ 180 Bn by the end of the year of forecast thus dominating the global market. Air-cavity QFNs segment is projected to grow at a higher pace in the coming years.
  • By QFN variant, the quad-flat-no-lead segment is anticipated to reach a noteworthy valuation by the end of the assessment period. The ultrathin quad-flat-no-lead segment is projected to grow at the fastest rate to register a CAGR of 14.4% throughout the period of assessment.
  • By application, the radio frequency devices segment is estimated to be valued at around US$ 26 Bn in 2017 and is likely to lead the global market. The wearable devices segment is projected to register the fastest growth rate of 0% owing to increased use of quad-flat-no-lead packaging in wearable devices.
  • By region, Asia Pacific excluding Japan reflects high growth potential. The quad-flat-no-lead packaging market in Asia Pacific excluding Japan is projected to grow at the highest rate and is estimated to be the largest among all other regional markets, thus dominating the global market.

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Table Of Content

1. Executive Summary

1.1. Market Overview

1.2. Market Analysis

1.3. FMI Recommendations

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Quad Flat No-Leads Packaging   – Solution Overview

3. Market View Point

3.1. Macro-Economic Factors

3.2. Opportunity Analysis

3.3. Patents Overview

4. Global Market Analysis 2012–2016 and Forecast 2017–2027

5. North America Quad Flat No-Leads Packaging Market Analysis 2012–2016 and Forecast 2017–2027

7. Eastern Europe Quad Flat No-Leads Packaging Market Analysis 2012–2016 and Forecast 2017–2027

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