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Child Safety Seats Market Overview

Child safety seats ensure the safety of babies while they are travelling in a car, and are to be compulsorily installed in a number of developed countries. There are different types of child safety seats available in the market depending upon the age and weight of the babies. There are stringent laws in most of the developed countries like United States, Canada and United Kingdom amongst many others regarding child safety seats. While this concept of installing child safety seats to transport babies in cars is deeply established in the developed countries, it has still to take root in developing countries. However, developing countries like China are now taking the lead in this regard and some provinces in China have made it compulsory to install child safety seats in cars and a national law may be following soon. As stated above, there are different types of child safety seats such as rear facing child safety seats, forward facing child safety seats and booster seats, depending on the age and weight of the children.

Child Safety Seats Market: Drivers

As per the data released by China’s Ministry of Communications, nearly 20,000 children under the age of 14 die each year due to road accidents in China. This scourge is not limited to only developing countries, but also in developed countries. In United States, car accidents are the number one cause of unintentional deaths in children under 16 years of age. Also, as per the World Health Organization, proper child restraints in cars reduced the incidences of a fatal accident by nearly 70% in infants and 54% to 80% in young children. The stringent laws in the developed countries for the child safety seats, growing road safety awareness among people and an introduction of child safety seats in huge markets like China are the key drivers of child safety seats market globally. Also, growing urbanization and an increase in the use of cars are other key market drivers in the child safety seats market.

Child Safety Seats Market: Restraints

The lack in information about how to use child safety seats, misconceptions about the child safety seats and a high price of seats in developing markets like China are the key market restraints in the child safety seats market. Besides, a lack of laws that make it compulsory to use child safety seats in countries with huge population like China and India is another restraint in the child safety seats market. A declining birth rate in the developed countries may also be a restraint in this market.

Child Safety Seats Market: Key Regions

North America is one of the key lucrative market in the child safety seats market. Stringent laws regarding child safety seats in countries like the United States and Canada along with a high rate of urbanization make them a rewarding market for child safety seats. After North America, Europe is also an important and a huge market for child safety seats. However, it is in the Asia-Pacific region, especially in countries like China where a huge growth will take place in the child safety seats market. Increased awareness about safety and a proper legislative support will make China one of the most lucrative markets for child safety seats.

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Child Safety Seats Market: Key Market Players

Recaro, Britax, Newell Rubbermaid, Chicco, Babylove, and Kiwi Baby are some of the key market players in the child safety seats market.

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, types and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• 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, S. Africa, N. 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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Child Safety Seats Market

Report Highlights:

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

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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.

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The electrical steel market is expected to register year-on-year growth at 5.3% in 2021, with the overall valuation forecast to reach US$ 37.5 Bn. A Future Market Insights (FMI) analysis estimates electrical steel sales to increase at 6.5% CAGR between 2021 and 2031. According to the study, the overall electrical steel market is expected to reach US$ 70.5 Bn by 2031.

While   non-grain oriented electrical steel is expected to remain dominant, grain oriented electrical steel demand will surge at a higher pace, exhibiting growth at 5.7% CAGR in 2021.

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Despite the recessionary effect of the COVID-19 pandemic in 2020, the overall steel industry in terms of production and supply has largely remained unaffected. With the continual demand from the energy industry, the growth of electrical steel in the coming decade is expected to reflect an upward trajectory for the foreseeable future.

Demand for electrical steel is increasing with the rise in the volume of transformer and motor production and sales in recent years. This can be attributed to an increase in investments and expansion of new power generation and transmission projects in developing nations.

The growing requirement of mass production has resulted in the increased importance of process automation in the electrical steel market. The market is shifting towards Industry 4.0 norms, leading to the promotion and universal adoption of new production technologies.

There is also an increasing demand from the energy and automotive industries for the deployment of electrical steel in various applications. An increasing number of players focusing on research and development related to electrical steel is anticipated to have a significant contribution towards market growth in the years to come.

Key Takeaways from Electrical Steel Market Study

Grain-oriented electrical steel is projected to hold over 51% percent of the global market share in 2021, supported by superior structural characteristics. The energy sector is projected to hold over 33% of the overall market share as an end-user by 2031-end, supported by major investments into renewable energy projects. The U.S. will remain a chief market, backed by rising demand from the energy sector. It is expected to account for over 86% of demand registered in North America in 2021. The markets in India and China are set to surge at around 8% and 7% CAGR over the next ten years. Russia is emerging as a key market in Europe, accounting for over US$ 2.1 Bn in 2021, driven by a massive energy infrastructure requirement.

“The electrical steel market is growing at a strong pace driven largely by increasing demand from the energy industry for applications in motors, transformers, and components. The increasing investment in power generation and transmission projects will create extensive opportunities for electrical steel manufacturers. Key industry participants are investing in expansions, strategic alliances, partnerships, and material innovations to gain a competitive advantage in the evolving global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says a Future Market Insights analyst.

Competitive Landscape

The electrical steel market is moderately consolidated, with key players accounting for more than 50% of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares.

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Some of the key players in this industry include but are not limited to

Novolipetsk Steel, Voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, JFE Steel Corporation, ArcelorMittal SA, Aperam SA, Baosteel Group, AK Steel Holding Corp, Allegheny Technologies, Inc., Phoenix Mecano AG, and Steel Authority of India Limited.

Electrical Steel Market by Category

By Product Type:

• Grain-Oriented Electrical Steel
• Non-Grain Oriented Electrical Steel
  • Fully-Processed
  • Semi-Processed

By Application:

• Inductors
• Motors
  • 1hp – 100hp
  • 101hp – 200hp
  • 201hp – 500hp
  • 501hp – 1000hp
  • Above 1000hp
• Transformers
  • Transmission
  • Portable
  • Distribution

By End Use:

• Automobile
• Manufacturing
• Energy
• Household Appliance
• Others (Construction, Fabrication)

By Region:

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

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The research report analyzes the demand for electrical steel. The global electrical steel market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on product type, application, end-use, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply-side and demand factors

Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, with a steady long-term projection, according to the latest insights by Future Market Insights (FMI). The report estimates the market to expand at 4.6% CAGR from 2021 to 2031. In the centrifugal pumps market, the industrial and domestic segments totaled US$ 24.3 billion for 2021, according to the annual market analysis conducted by FMI.

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[280 Pages Report] Commercial Refrigeration Equipment Market will exceed revenues worth US$46 Bn by 2019 end, likely to surge to a vigorous 4% CAGR during the assessment period 2019 -2029

$46Witnessing an uptick of 3.4% over 2018, the worldwide sales of commercial refrigeration equipment will exceed revenues worth US$ 46 Bn by 2019 end. As showed by a recent research study of Future Market Insights (FMI), the market for commercial refrigeration equipment will progress at a moderate CAGR over 2019 – 2029. The demand would be prominently driven by greater production of F&B goods and a preferential shift of consumers towards quick service restaurants (QSRs), at a global level.

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Sustainable and energy-efficient refrigeration systems will become a norm across the end-use industries, which should compel manufacturers to increase their investments in R&D and product innovations. Leveraging energy-efficient technologies to offer low global warming potential (GWP) products with rich functionalities will be the ticket to capturing significant market share in the long run.

COMMERCIAL REFRIGERATION EQUIPMENT MARKET KEY TAKEAWAYS

Growing demand for ready-to-eat products and expanding retail outlets are driving the sales of commercial refrigeration equipment. North America and Europe would collectively account for over half of the market value share by 2029 end. The food services sector will remain prominent application area to invest in, for commercial refrigeration equipment market players. The enforcement of new refrigerant regulations such as the EPA 680 Upgrade, and the Kigali Amendment for the phase-down of HFC refrigerants will largely affect the market growth. The higher average unit cost of freezers & refrigerators eludes lower volume sales vis-à-vis value gains, with just about 2.6 million unit sales in 2018. Glass door merchandizers that account for around a third of total volume sales continue to see relatively low revenue generation as compared to freezers & refrigerators. Sales of beverage dispensers and display cases across end-use industries will show a moderate increase year-over-year in 2019, which will collectively represent nearly 16% of total commercial refrigeration equipment sales in that year.

Manufacturers who are keeping the innovation quotient high and providing turnkey solutions to meet regulatory requirements, with safety to end users at the core, will be rewarded in the long run.

Chinese Players Striving to Win Home Market​

In developed markets, rapid acceptance of alternative refrigerants to benefit from regulatory standards along with expansion of F&B processing industries continues to contribute to the development of the commercial refrigeration equipment market. The growth of Asia Pacific’s commercial refrigeration equipment market was influenced by a shift of Asian eating habits towards western-style convenience food. With the ability to manufacture their own compressors, Chinese companies are gaining competitive edge to reign supreme in their home market with indigenous brands.

Competition Trends

In 2018, the top four stakeholders, including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation, collectively accounted for 20-25% revenue share. The emergence of many young players in developing countries has resulted in price competition, with leading market players losing their profit margins. Market fragmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of the local players.

Commercial Refrigeration Equipment Market Taxonomy

The global commercial refrigeration equipment market is segmented to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product

Beverage Refrigerator Drinking Fountain Soda Fountain Beer Dispensing Equipment Beverage Coolers Freezers & Refrigerators Freezer & Chillers Blast Chiller/Stock Freezers Contact Freezers Refrigerators Walk-in-Refrigerators Reach-in Refrigerators Transportation Refrigerators Trailers Trucks Shipping Containers Glass Door Merchandizers Hinged Door Sliding Door Display Cases Ice Cream Cabinets Bakery/Deli Display Beverage Dispensers Refrigerated Vending Machine Ice Machine Ice Scream Machine

By Application,

Food Services, Food & Beverage, Retail Food & Beverage, Production Food & Beverage, Distribution

By Region

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

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Learn More About What the Report Covers

This FMI report is an extensive analysis of the global commercial refrigeration equipment market that offers actionable insights on how the market growth will unfold over the forecast period, 2019 – 2029. The market for commercial refrigeration equipment has been categorized into various segments for analysis, based on the type of refrigeration equipment, application area, and region. The study provides valued information on key competition trends and most preferred developmental strategies of leading market brands.

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Future Market Insights (FMI) offers an overview of the key technologies used in produced water treatment systems in its research report. The report titled, “Produced Water Treatment Systems Market: Global Industry Analysis and Opportunity Assessment 2022-2029, forecasts the market to amplify at a compound annual growth rate (CAGR) of over 5.8% during the forecast period.

FMI has segmented the produced water treatment systems market on the basis of technology into primary, secondary, and tertiary.

Primary treatment technologies employ basic, such as settling, media filtration, floatation, and biological aerated filtering to separate solids from water. According to FMI’s research, Alderley plc is one of the dominant players in the primary treatment technologies.

Secondary treatment technologies involve the use of induced gas floatation, degasser, and membrane separation. Twin Filter BV is a dominant company providing secondary treatment technology in the market.

Tertiary treatment technologies involve the use of absorption and polishing to separate oil content in produced water. These technologies use a combination of technologies to treat produced water. According to FMI, ProSep, Inc. is the dominant player in tertiary treatment technology.

FMI has analysed the produced water treatment systems market in North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

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North America is the most lucrative region in the global produced water treatment systems market, accounting for nearly one-third of the global market revenue. In terms of CAGR, the North America produced water treatment systems market is expected to expand at over 8% during the forecast period 2014-2020.

In terms of market share, North America is expected to gain 590 BPS during the forecast period. FMI’s analysis revealed that although all three technologies are widely used in North America, tertiary technology was the largest in terms of market revenue, accounting for US$ 574 Mn in 2014. FMI expects the tertiary technology segment to expand at a double-digit CAGR during the forecast period.

Tertiary technology is more effective than both primary and secondary technology, owing to which it is being widely adopted by end-use industries. The tertiary technology segment of North America is expected to gain a whopping 1310 BPS during the forecast period.

Onshore crude oil industry in North America represented 49.14 Bn barrels or nearly 80% of produced water in 2012. FMI expects this to reach 116.29 Bn barrels by the end of 2020.

Asia Pacific is the second largest market for produced water treatment systems after North America. The Asia Pacific produced water treatment systems market was worth US$ 960 Mn in 2014; FMI expects it to expand at a CAGR of over 2.8% during the forecast period 2014-2021.

FMI has segmented the competitive landscape of global produced water treatment systems market into treatment systems, mobile systems and rental service, and commissioning and consulting services.

Leading players in the treatment systems include Siemens Water Technologies, Alderley plc, Frames, Aker Solutions, Aquatech, Schlumberger, FMC Technologies, Veolia, Cetco, Eco-Tec, Thermoenergy, Ecosphere, MIOX, Ovivo, and Global Water Engineering.

Most of these companies are focusing on their USP to consolidate their position in the market. For example, Siemens is focusing on advanced biological wastewater treatment, whereas Aquatech is pushing low CAPEX and OPEX biological processes. Aker Solutions is aiming to appeal to end-use industries by providing end to end engineering solutions, whereas Veolia is known for its offshore produced water expertise.

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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.

Contact Us:
Mr. Debashish Roy
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

The global sales of lead acid battery will be valued at over US$54.3 Bn in 2021, with a stable long-term projection, according to the latest insights by Future Market Insights (FMI). The report has forecast the market to expand at over 5.2% CAGR between 2021 and 2031.

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According to the market analysis by Future Market Insights, expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for lead acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

Demand for lead acid battery is increasing with the rise in the volume of vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement.

The growing requirement has led to mass production and has increased importance of process automation in the lead acid battery market. The market is shifting towards industry 4.0 is, leading to the universal adoption of new production technologies.

There also is an increasing demand from other industries for deployment of lead acid battery. Increasing number of players focusing on research and development related to lead acid battery is expected to have a significant contribution towards market growth in the years to come.

Key Takeaways from Lead Acid Battery Market Study

Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations. Transportation is projected to hold over 56% of the overall market share as the leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production. China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021. The markets India will surge at around 6% CAGR over the next ten years. Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

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“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across the automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst.

Lead Acid Battery Market by Category

By Product Type:

Flooded Battery AGM Battery Gel Battery

By Application:

Transportation Passenger Cars LCV HCV Two wheelers Others Motive Industrial Stationary Industrial Commercial Residential Grid Storage Others

By Sales Channel:

OEM Aftermarket

By Region:

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

Competitive Landscape

The lead acid battery market is highly competitive at regional and global levels, and highly merged in nature. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarios, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

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Find More Valuable Insights

The research report analyzes demand for Lead Acid Battery. The global Lead Acid Battery market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. As per Future Market Insights, the market has been analyzed based on product type, power source, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply side and demand factors.