Market Research Blog – Page 1422 – New Product Development

Global Sustainable Aviation Fuel Market Size Forecasted to Grow at a CAGR of 60%, Crossing USD 61.92 Billion Milestone by 2033

The aviation industry is soaring toward a greener future, fueled by the booming sustainable aviation fuel market. This market is predicted to reach a staggering USD 61.92 billion by 2033, with a phenomenal 60% annual growth rate.

Why Sustainable Aviation Fuel is Taking Off:

Environmentally Conscious Consumers: Travelers are increasingly demanding eco-friendly solutions. SAF significantly reduces emissions, making it a win for airlines seeking to attract environmentally conscious passengers.
Regulation and Transition: Governments are prioritizing renewable energy sources. Investment in sustainable aviation fuels aligns with this global shift, creating a supportive regulatory environment.
Performance and Efficiency: SAF boasts impressive qualities. It can reduce emissions by 80% and offers superior storage properties compared to traditional jet fuel. This translates to improved aircraft performance and a more efficient industry.
Expanding Applications: Advancements in technology are making SAF a viable alternative for all types of petroleum-based fuel engines used in aviation. This opens doors to new markets and wider adoption.

Embrace Green Skies and Secure Your Share:

Invest in Innovation: Partner with research institutions or develop your own cutting-edge SAF technologies to ensure your fuel meets future demands.
Collaboration is Key: Partner with governments and aviation giants to accelerate the transition to sustainable aviation fuels.
Transparency Matters: Clearly communicate the environmental benefits of SAF to airlines and consumers, building trust and fostering a greener future.
Embrace Efficiency: Focus on optimizing production processes and supply chain management to make SAF a cost-competitive option.

Key Points:

The North American region is one of the crucial spaces for a sustainable aviation fuel market. As it has many airports with a high density of international and national flights. Lately, the Biden administration has advanced the prospects of sustainable fuels in American aviation with a target of reducing aviation emissions by 20% by 2030.
Europe with its restored tourism industry and high tourist footfall has also invested in the sustainable aviation fuel industry. The European Parliament has passed a mandate named ‘ReFuelEU Aviation’ in 2022.
Based on fuel type, the biofuel segment leads over other segments as it is considered highly safe, reliable, and low carbon. The fuel comes from forestry and agricultural waste.
Based on biofuel blending capacity, the 30% to 50% segment leads as it is more acceptable across the regions.

Competitive Landscape:

The key vendors work on fastening their manufacturing process while also expanding their plants. Furthermore, the mergers between the government and SAF producers are transforming the market strategies. Key competitors and also merge, acquire, and partner with other companies to increase their supply chain, and distribution channel.

Key Players:

Preem (Sweden)
OMV (Austria)
Atmosfair (Germany),
Wastefuel (United States)
Prometheus Fuels
Red Rocks Biofuel (United States)
Northwest Advanced Biofuels

Recent Market Developments

Swedish brand, Preem has selected Haldor Topsoe’s Hydroflex for its renewable fuel plant. The plant is expected to hold the potential of saving 2.5 million tons of Co2. The plant also holds a capacity of 16,000 barrels-per-day unit.
German startup, Atmosfair has introduced the world’s first clean jet fuel plant with carbon-neutral aircraft technology.

Key Segmentations:

By Platform:

Commercial Aviation
Military Aviation
Business & General Aviation
Unmanned Aerial Vehicle

By Biofuel Blending Capacity:

Below 30%
30% to 50%
Above 50%

By Type:

Total Stations
Global Navigation Satellite Systems (GNSS)
Laser Scanners
Sensors
Others

By Biofuel Manufacturing Technology:

Hydroprocessed Fatty Acid Esters and Fatty Acids – Synthetic Paraffinic Kerosene (HEFA-
Fischer Tropsch Synthetic Paraffinic Kerosene (FT-SPK)
Synthetic Iso-paraffin from Fermented Hydroprocessed Sugar (HFS-SIP)
Alcohol to Jet SPK (ATJ-SPK)
Catalytic Hydrothermolysis Jet (CHJ)

By Fuel Type:

Biofuel
Hydrogen Fuel
Power to Liquid Fuel
Gas-to-Liquid

Access Report Details:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Immersion Cooling Market Poised for Growth in 2032, Driven by Economic Expansion and Stringent Carbon Emission Regulations

The global immersion cooling industry demand is expected to reach a valuation of USD 2,547.9 Million by 2032, with the demand growing at an astounding CAGR of 21.7% from 2022 to 2032. Scaling up from a value of USD 297.8 Million in 2021, the target market is likely to reach an estimated USD 357.3 Million in 2022.

Escalation in levels of data output and data processing all over the world is projected to fuel the growth of the immersion cooling market. Strict carbon emission control regulations coupled with a demand for high density and computation requirements will bolster the growth of the target market during the forecast period.

IT infrastructures generate high levels of energy and it is immensely important to lessen or stop the heat from the components. These two factors work together to drive the demand for the immersion cooling market. Immersion cooling enhances the productivity of data centers. Thus, the rising popularity of the target market has resulted in its acquisition of about 6-8% of the global liquid cooling market.

In the past few years, the escalating usage of social networks, streaming, and gaming has caused a rapid increase in international internet traffic. Superior connectivity is needed for an uninterrupted network, which leads to frequent use of cloud and hyperscale data centers.

Due to advancing technology and the introduction of new data-generating technologies such as artificial intelligence, the Internet of Things, cloud computing, and machine learning, more and more data centers are opening up all over the world. Hence, the need for precise and effective cooling for these high-density storage components or data centers pushes the immersion cooling market to grow at a rapid rate.

Other factors like elevated demand for smart devices, analytics, cloud computing, and wireless networking technologies which boost the demand for IT infrastructure, also supplement the growth of the target market. Government initiatives and regulations seeking to reduce carbon emissions are also driving the demand for the immersion cooling market during the forecast period.

“High data density data centers prefer immersion cooling method to achieve maximum efficiency. This is expected to fuel the global growth of the immersion cooling market over the forecast period,” says an FMI analyst.

To Gain More Insights about this Research, Visit!

Key Takeaways:

Rising blockchain technology will strengthen the market prospects.
The immersion cooling market in Europe will expand at a CAGR of 22.4%.
Germany’s immersion cooling market will grow at a CAGR of 23.4%.
The immersion cooling market in North America will register a CAGR of 20.1%.
A prominent contributor in Europe, the immersion cooling market in the U.K. will reach a value of US$ 222.7 Mn in 2032.
The synthetic and mineral oil segment will create a growth opportunity of US$ 1,540.2 Mn.
Fluorocarbon-based fluids are likely to expand at 22.8% of value CAGR during the forecast period.

Competitive Landscape

Some of the major players are

3M
The DOW Chemical Company
FUCHS LUBRICANTS CO.
Solvay’s
Shell
Chemours
DSI Ventures, Inc.
MI VOLT
Engineered Fluids
Cargill Inc.
GRC Cooling
Zhejiang Juhua Co. Ltd.

Leading market players are focusing on product development so as to meet the rising demand for cost-effective and energy-efficient immersion cooling liquids. These firms are keen on releasing new products and employing strategies like partnerships and collaborations to strengthen their market presence.

More Insights into Immersion Cooling Market Report

In its latest report, FMI offers an unbiased analysis of the global immersion cooling market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (single-phase immersion cooling, two-phase immersion cooling), cooling fluid (mineral oil, synthetic, fluorocarbon-based, others), application (high-performance computing, artificial intelligence, edge computing, cryptocurrency mining, others), and region.

According to the latest FMI reports, based on segmentation, the synthetic and mineral oil cooling fluid segments are likely to witness heightened demand due to their affordability, and long-term usability in immersion cooling techniques These two subsegments will generate a growth opportunity of US$ 1,540.2 Mn. In terms of application, the cryptocurrency mining segment is expected to grow at a CAGR of 23.4% during the forecast period.

Based on region, the immersion cooling market in the United States, France, and the United Kingdom is anticipated to demonstrate impressive growth. The target market in the USA is likely to register a value CAGR of 20.3% owing to the presence of numerous data centers, and stricter government rules on carbon emissions. In 2022, the immersion cooling market in the UK will account for about 25.4% of the market share in Europe while France’s immersion cooling market will likely be valued at more than US$ 220.2 Mn by 2032.

Key Segments Covered in Immersion Cooling Industry Analysis

By Type:

Single Phase Immersion Cooling
Two-Phase Immersion Cooling

By Cooling Fluid:

Mineral Oil
Synthetic
Fluorocarbon-Based
Others

By Application:

High-performance Computing
Artificial Intelligence
Edge Computing
Cryptocurrency Mining
Others

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.

Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Gas Turbine Market Size Projected to Hit USD 61.1 Billion by 2033, Surging at 4.1% CAGR Growth | FMI Analysis

The gas turbine market is powering forward, projected to reach USD 61.1 billion by 2033, with a CAGR of 4.1%. This surge in demand for efficient and sustainable power generation solutions presents a golden opportunity for energy companies and technology providers to become leaders in the energy transition. But how can your brand navigate to success in this evolving market?

Driving Sustainable and Efficient Power Generation

Championing Technological Innovation: Lead the clean energy revolution. Develop and integrate advanced gas turbine technologies that prioritize efficiency, minimize emissions, and support the transition to a clean energy future.
Embrace Distributed Power Solutions: Cater to the evolving energy landscape. Offer innovative gas turbine solutions suitable for distributed power generation, promoting grid resiliency and meeting localized energy needs.

Partnering for Sustainability: Align with government initiatives. Collaborate with policymakers to develop and implement supportive regulations that incentivize the adoption of clean and efficient gas turbine technologies.
Minimizing Waste and Loss: Optimize power generation. Develop gas turbine solutions that focus on reducing energy waste and loss within the power and utility sector, promoting operational efficiency and cost savings.

Understanding the Growth Drivers:

The Clean Energy Imperative: Target the sustainability-focused decision maker. The growing urgency to address climate change fuels demand for cleaner power generation technologies, making gas turbines a viable option.
Distributed Power Takes Center Stage: Embrace the decentralized future. The increasing focus on distributed power grids and microgrids creates a demand for smaller and more flexible gas turbines.
Government Support for Clean Energy: Partner with policymakers. Government initiatives promoting clean energy technologies create a favorable environment for the gas turbine market.

The global gas turbine market is positively influenced by the robust technological advancements occurring in the energy sector. This, in addition to an enhanced focus on distributed power generation technology, is aiding the market growth. Further, increasing government support for power generation technologies that help reduce GHG emissions, is fueling the market development.

Key Highlights of the Gas Turbine Industry:

The United States is projected to hold a huge chunk of the global gas turbine market share. The market is anticipated to account for a US$ 10.5 billion market valuation by 2033, expanding at a CAGR of 4.8% over the forecast period.
China is predicted to be a significant market for gas turbines in the Asia Pacific region. The market is estimated to hold US$ 4.7 billion by 2033, registering a CAGR of 4.3%from 2023 to 2033. The paradigm shift to gas-based power generation, from the previously used coal-based power generation, is propelling market growth.
The United Kingdom is assessed to atta in US$ 4.3 billion by 2033. The market is expected to expand at a CAGR of 4.8% in the coming years.
The combined cycle technology is predicted to expand at a CAGR of 4.2% over the forecast period, up from the CAGR of 3.4% witnessed in the historical period.

News Featuring Market Developments by Key Players of the Gas Turbine Market:

In March 2021, General Electric declared that it would provide the United Arab Emirates, with the first two HA gas turbines. These gas turbines are anticipated to be the most effective power plants in the utility sector of the Middle East region. General Electric has been estimated to supply a total of three 9HA.01 gas-fueled turbines.
In May 2021, MITSUBISHI HEAVY INDUSTRIES, LTD. revealed that it has launched a new turbine, which is working in a gas business in Dubai. This new gas turbine combined cycle unit focuses on the J-Series Air-cooled gas-based turbine that is capable of operating on a blend of 30% hydrogen and 70% natural gas.

Market Segments:

By Type:

Heavy-duty Gas Turbines
Industrial Gas Turbines
Aero Derivative Gas Turbines

By Capacity:

Less than 40 MW
40–120 MW
120–300 MW
Above 300 MW

By Application:

Power Generation
Aviation
Oil & Gas
Industrial

By Technology:

Open Cycle
Combined Cycle

By Region:

North America
Latin America
Asia Pacific
Europe
The Middle East and Africa

Click Here for More Detail Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

FMI Analysis States Global Shot Blasting Machine Market Size Rising to USD 1,977.2 Million by 2033, Growing at 5.1% CAGR

The global shot blasting machine market size is projected to exhibit incredible growth from 2023 to 2033. According to the research report published by Future Market Insights, the global market is predicted to surpass a valuation of USD 1,202.4 million in 2023. It is anticipated to hit a valuation of USD 1,977.2 million by 2033. The market is estimated to showcase a remarkable CAGR of 5.1% from 2023 to 2033.

It is anticipated that rising demand from the automotive industry is likely to accelerate market shot blasting machine market growth. The market size in Asia Pacific is expected to expand due to rising electric vehicle sales and the expanding automotive industry. Additionally, the rising infrastructure projects and construction activities across nations such as India, Japan, China, and South Korea support market expansion. Construction and infrastructure development projects are becoming more prevalent in emerging countries. It is projected that this trend is likely to expand the use of shot-blasting machines. The rapid development of residential and commercial buildings in Asia Pacific countries is slated to accelerate market expansion.

Key Takeaways from Shot Blasting Machine Market:

The global shot blasting machine market expanded at a modest CAGR of 2.7% from 2017 to 2022.
In 2017, the global market size stood at USD 1,021.9 million.
In 2022, the global market size accounted for USD 1,170.2 million in 2022.
The wheel blasting segment captured a whopping 67.8% market share in 2022.
In 2022, the automotive end-use segment captured a staggering 23.5% market share.
In 2022, the United States shot blasting machine market captured 15.6% global market share.
In 2022, the United Kingdom shot blasting machine market captured a 4.0% global market share.
In 2022, India shot blasting machine market gained a 6.3% global market share.

Recent Developments Observed by FMI:

In January 2022, Rösler Oberflächentechnik GmbH unveiled a brand-new shot blasting machine with two extremely effective Gamma 300G turbines. Each turbine has an installed output of 11 kW. Short cycle times are ensured by this. The Gamma 300G turbines have specially created, curved throwing blades that produce up to 20% more blast performance than standard turbines.
In Germany’s Rösler Customer Experience Centre, DLyte PRO500 was implemented by GPAINNOVA in December 2021. With this acquisition, Rösler now has access to one of the most cutting-edge, adaptable, and potent dry electropolishing machines in Germany.
Wheelabrator purchased Tunnel Hill Partners in March 2021 and changed the business name to WIN Waste Innovation. The strategic merger aims to give American consumers access to vital services.

Market Segmentation:

By Product Type:

Wheel Blasting (Hanger Type, Roller Conveyor, Tumblast, Others)
Air Blasting (Cabinet Type, Table Type, Frame Type, Others)

By Automation:

Semi-Automatic
Automatic

By End-use:

Aerospace
Automotive
Construction
Foundry
Ship Building
Rail
Others

By Region:

North America
Latin America
Europe
Asia Pacific
Middle East & Africa

Browse More Information Regarding Detailed Analysis of Regional Market:

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

FMI Study States Europe Water Pumps Market Poised for 4.3% CAGR Growth, Projected to Reach USD 98.6 Billion by 2033

According to a report by Future Market Insights, the Europe water pumps market is projected to reach a valuation of USD 64.74 billion in 2023. The market is anticipated to secure a Compound Annual Growth Rate (CAGR) of 4.3% from 2023 to 2033, with a predicted value of USD 98.6 billion by the end of 2033. This growth trajectory underscores the increasing significance of water supply solutions in addressing environmental challenges and the growing need for efficient water resource management in the region.

The Europe water pumps market is experiencing widespread adoption, driven by its capacity to operate with high adaptability while efficiently pumping low-viscosity fluids at cost-effective rates. The availability of submersible pumps in various shapes and sizes offers end users the flexibility to make purchases tailored to their specific requirements.

Within the operational segment, the water supply category is anticipated to witness a notable growth rate in the Europe water pumps market in the coming years. This growth can be attributed to the extensive application scope of water supply pumps, encompassing activities such as rainwater harvesting and groundwater intake.

The ongoing trend of rural-to-urban migration, driven by job opportunities and aspirations for improved living standards, is contributing to the increasing demand for water pumps. Furthermore, the active involvement of European governments in infrastructural development initiatives is acting as a catalyst for the rapid expansion of the Europe water pumps marketTop of Form.

Key Takeaways from the Market Study:

Sales of Europe water pumps market expanded at a CAGR of 3.39% from 2018 to 2022
Germany market for Europe water pumps market is likely to have a market share of 17.2%
Asia Pacific market for the Europe water pumps market is projected to secure a share of 15.26%.
Europe water pumps market recorded USD 63.2 billion in 2022.
Europe water pumps market to expand at over 3.6 % CAGR through 2031.
Market for water pumps in Germany is expected to create an absolute dollar opportunity of USD 446.4 million during the forecast period.
Water pumps market in the United Kingdom is expected to rise at nearly 2.8% CAGR over the forecast period.
Water pumps market in the United Kingdom is expected to have a market share of 7.89%.
The United Kingdom is expected to create an absolute dollar opportunity of USD 269.4 million during the forecasted period.
Asia Pacific region is anticipated to augment the market growth with a market share of 15.26%.
China is predicted to expand with a CAGR of 4.8% from 2023 to 2033.
China holds a share of 6.75% of the market.
Submersible pumps segment is one of the most attractive pump types in the Europe water pumps market holding a market share of 5.2%.
Industrial water pumps are estimated to expand at a value of 4.49%.

“Introduction of intelligent pump systems acts as a prominent growth driver of the Europe water pumps market”, comments a Future Market Insights Analyst.

Competitive Landscape:

Some of the Leading Players Operating in the Global Market are:

Xylem Inc
Grundfos Holding A/S
Flowserve Corporation
Andritz Group
Ebara Corporation
KSB AG
Sulzer Ltd
Gorman Rupp Co.
Franklin Electric
ITT Inc

Important Developments by Key Players:

In June 2023, Cordonel®, an innovative ultrasonic C&I water meter from Sensus, a Xylem brand, which features a patented technology that measures low-to-high-volume flow with proven accuracy. The unique flow tube has three measurement channels to capture every drop and seamlessly integrates with the FlexNet®.
In January 2023, Franklin Electric Series VI Pumps will now be packaged as FS Series.

Key Segmentation of Europe Water Pumps Market:

By Capacity:

Upto 2HP
2-5 HP
5-10 HP
10-15 HP
15-20 HP
20-30 HP
Above 30 HP

By Product Type:

Centrifugal Pump
Single Stage
Multi-Stage
Axial & Mixed Flow
Submersible
Circulator
Positive Displacement
- Reciprocating
- Rotary

By End Use Sector:

Centrifugal Pump
- Domestic
- Agriculture & Irrigation
- Mining
- Water & Wastewater
- Oil & Gas
- Other Industrial
Positive Displacement
- Oil & Gas
- Chemical
- Water & Wastewater
- Pulp & Paper
- Power
- Other Industrial

By Country:

Germany
Italy
France
The United Kingdom
Spain
BENELUX
Russia
Poland
Rest of Europe

Browse More Information about the Industry:

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

FMI Projects Global Painting Robots Market Size to Exceed USD 11 Billion Mark by 2033, Growing at an Impressive 9.3% CAGR

The painting robots market, with a notable valuation of USD 4.5 billion in 2023, has laid a robust foundation for a promising decade ahead. Projections indicate substantial growth, aiming for a valuation of USD 11 billion by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 9.3%.

A significant driver behind this market surge is the heightened emphasis on worker safety and well-being. Painting robots play a crucial role in achieving this objective by efficiently managing repetitive and potentially hazardous tasks. These automated systems are instrumental in mitigating the risk of worker exposure to harmful fumes, dangerous chemicals, and physical strain. Their substantial contribution not only enhances workplace safety but also enables companies to meticulously comply with stringent occupational health and safety regulations.

Key Takeaways:

The painting robots market in Europe will generate an incremental opportunity of USD 983 Million.
The U.S.A’s painting robots market will create a growth opportunity of USD 334 Million during the forecast period.
The painting robots market in Germany will expand at a CAGR of 12.7% during 2021-2031.
By type, robotic arms will hold 60% of the global painting robots sales.
On the basis of payload, the upto 5 kg segment will generate a growth opportunity of USD 1.93 Billion.

Competitive Landscape:

FANUC Corporation, ABB Ltd, KUKA AG, Yasakawa Global, Kawasaki Heavy Industries, Ltd., DÜRR Group, and Staübli International AG among others are some of the major players in the painting robots market profiled in the full version of the report.

In a highly consolidated market, key market participants are focusing on entering new markets to expand their geographical footprints. These businesses are keen on working closely with OEMs, establishing new and advanced facilities, and engaging in strategic partnerships and collaborations.

More Insights into Painting Robots Market Report:

In its latest report, FMI offers an unbiased analysis of the global painting robots market, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (pedestal robots, robotic arms), payload (upto 5 Kg, upto 15 Kg, upto 45 Kg), function (painting (waterborne, solventborne, UV cured), painting, spraying & coating), reach (upto 1,000 mm, upto 1,500 mm, upto 2,000 mm, upto 2,500 mm, upto 3,000 mm), configuration (6 axis, 7 axis), application (atomizer, air gun), end use (transportation (automotive, railways, 2 & 3 wheelers, aerospace), consumer appliances, foundry & casting, furniture, textiles, construction, heavy engineering equipment, HVAC & refrigeration, sanitaryware, others), and region.

According to the latest FMI reports, based on segmentation, the transportation segment will likely contribute significantly to the overall growth of the target market. This segment is expected to generate an absolute dollar opportunity of USD 2 Bn during 2021-2031. In terms of application, the atomizer segment will dominate the global marketplace with an incremental opportunity of USD 2.43 Bn while the 7 axis configuration segment will create a growth opportunity of USD 2.8 Bn during the projected period.

Based on region, the painting robots market in the United States will present considerable growth during 2021-2031. Generating an absolute dollar opportunity of USD 334 Mn during this period, the target market in this country will be driven by strong presence of OEMs and higher demand for the target product in industrial verticals like construction and transportation. Apart from the U.S., countries like Germany and China are anticipated to exhibit remarkable growth in the painting robots market during the forecast period.

Key Market Segments Covered:

By Type:

Pedestal Robots
Robotic Arms

By Payload:

Upto 5 Kg
Upto 15 Kg
Upto 45 Kg

By Function:

Painting
- Waterborne
- Solventborne
- UV Cured
Painting, Spraying & Coating

By Reach:

Upto 1,000 mm
Upto 1,500 mm
Upto 2,000 mm
Upto 2,500 mm
Upto 3,000 mm

By Configuration:

6 Axis
7 Axis

By Application:

Atomizer
Air Gun

By End Use Sector:

Transportation
- Automotive
- Railways
- 2 & 3 Wheelers
- Aerospace
Consumer Appliances
Foundry & casting
Furniture
Textiles
Construction
Heavy Engineering Equipment
HVAC & Refrigeration
Sanitaryware
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia-Pacific
Middle East & Africa

Read Report Details:

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

FMI Study Affirms Global Two Wheeler Accessories Aftermarket Hits USD 45,608.96 Million by 2033, Eyes CAGR of 8.60%

The two wheeler accessories aftermarket is poised for substantial growth, with projections indicating a staggering value of USD 45,608.96 Million by the year 2033, accompanied by a robust CAGR of 8.60%. This flourishing sector encompasses a wide array of accessories tailored for motorcycles, scooters, and other two-wheeled vehicles, catering to the diverse needs and preferences of riders.

The integration of technology into two wheelers opens doors for smart accessories. GPS navigation systems, connected helmets with heads up displays, and theft prevention devices are areas ripe for innovation. As environmental consciousness grows, there is an opportunity for accessories such as sustainable, biodegradable seat covers and eco-friendly cleaning products that resonate with eco conscious riders.

Offering tailor made accessories and customization services, such as paint jobs or personalized leather seats, can cater to the desire for individuality among riders. The aftermarket can explore recycling and upcycling options for old accessories, contributing to sustainability and reducing waste.

Key Takeaways from the Two Wheeler Accessories Aftermarket Report:

The two wheeler accessories aftermarket is led by the India, projecting an 9.70% CAGR until 2033.
Germany is at the forefront, anticipating 8.30% CAGR growth by 2033.
United States is poised for an 8.00% CAGR by 2033.
The protective gear segment is set to dominate with a market share 30.0% through 2023.
FMI predicts the standard motorcycle segment to hold a market share of 30.5% in 2023.

How Key Players Are Revolutionizing the Two Wheeler Accessories Aftermarket?

In the fast paced world of two wheeler accessories, key players are at the forefront of a revolution. They are reshaping the aftermarket with innovation and customer centric strategies. These industry leaders are embracing technological advancements, offering a wide range of high quality, customizable accessories that cater to diverse consumer preferences.

Key players are streamlining distribution channels, enhancing e commerce platforms, and creating robust supply chains to meet the growing demand efficiently. They also invest in R&D, developing innovative safety and style solutions, from smart helmets to advanced riding gear.

By focusing on sustainability, quality, and affordability, they are making two wheelers safer, more stylish, and personalized for every rider, setting new industry standards and redefining the two wheeler accessories landscape.

Competitive Landscape:

TVS Motor Company, a renowned name in the automotive industry, offers a diverse portfolio of innovative two wheelers. With a legacy of engineering excellence, TVS Motor Company combines style, performance, and reliability, catering to the needs of a global audience.
Yamaha Motor Company Ltd. symbolizes innovative design and precision engineering in motorcycles. With a commitment to delivering exhilarating experiences, Yamaha product range blends technology and passion, crafting motorcycles that stand out on the road.
Hero Motocorp Ltd. is a leading player in the two wheeler industry, focusing on creating affordable, high quality motorcycles. Their commitment to sustainability and innovation is reflected in their versatile lineup, making them the preferred choice for riders seeking efficiency and reliability.

Leading Key Players:

TVS Motor Company
Yamaha Motor Company Ltd.
Hero Motocorp Ltd.
Harley Davidson
Vega Auto Accessories Ltd.
Studds Accessories Ltd.
OM Steel Industries
Osram Licht AG
AGV Sports Group
Steelbird Hi- Tech India Pvt. Ltd.
YF Protector Co. Ltd
Alpinestars USA Inc.
AltRider LLC.
Cobra USA Inc.
Motorsport Aftermarket Group
Rizoma S.r.l
Scorpion Sports Inc.

Two Wheeler Accessories Aftermarket Segmentation:

By Product:

Handle Accessories
- Handlebars
- Grips
Electrical & Electronics
- Lightings
- Horns
Frames & Fittings
- Crash Protection
- Windshield
- Foot Pegs
Protective Gear
- Helmets
- Professional Body Wear
Bags & Carriage Frames
Exhaust Accessories
Seat Covers
Security Systems

By Two Wheeler Type:

Standard Motorcycle
Cruiser Motorcycle
Sports Motorcycle
Standard Scooter
Maxi Scooter
Mopeds

By Sales Channel:

Online
Authorized Outlets
Independent Outlets

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
The Middle East & Africa

Access Full Report!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Global Viscometer Market Size Projected to Grow at a CAGR of 6.9% to Reach USD 587.3 Million Valuation by 2031

The global viscometer market is poised to grow significantly, with a projected compound annual growth rate (CAGR) of 6.9%, reaching a valuation of USD 587.3 million by 2031. This growth is driven by increasing applications of viscometers across diverse industries including pharmaceuticals, petroleum, and cosmetics. As these sectors demand precise viscosity measurements to ensure product quality and efficiency, the market for viscometers is expected to expand robustly over the forecast period.

Controlling and monitoring the process parameters of products prior to and post-production have become an integral process across petrochemicals, polymers & rubber, pharmaceutical, and chemicals industries. Increasing concerns regarding uniformity in the consistency of finished products such as paints and other liquids are compelling aforementioned industries to adopt new measuring equipment such as viscometer, which is in turn, driving the market.

Viscometers are increasingly gaining popularity due to their favorable characteristics, such as convenience, adaptability, and ease of use, for various end-to-end applications. In addition to this, rising demand from testing, research, and certification agencies is expected to propel the demand for viscometers. Driven by this, the sales of viscometer is projected to spur at a CAGR of 6.4% in 2021.

As per FMI, rotational viscometers is estimated to emerge as the dominant segment, accounting for around 30% of the revenue share in the global market. The growth of the segment is attributed to the increasing adoption of these viscometers at production areas, workshop areas, and delivery areas as it helps to optimize the control time and flexibility.

“Key manufacturers are emphasizing on developing novel products with innovative features such as memorization, data tracing, and programming to make them more user-friendly. A slew of such advancements is expected to augment the sales in the coming years,” says the FMI analyst.

Key Takeaways from the Viscometer Market Study

The U.S. is forecast to account for over 70% of the sales in North America through 2031.
The market in Germany is projected to register fastest growth in Europe, expanding at an impressive CAGR of 10% during the assessment period.
China, being one of the leading producers and consumers of industrial equipment in the world, is anticipated to account for more than 50% of the viscometer sales in the East Asia market by 2031 end.
India is expected to emerge as a highly lucrative market in South Asia & Pacific, accounting for around 40% of the total demand share in the region in 2021.
In terms of end user, industrial is estimated to remain the most remunerative segment, accounting for more than 63.5% of the global sales over the next ten years.

Key Drivers

Increasing availability of viscometer owing to the growing penetration of e-commerce platforms and rising research & testing activities are expected to favor the growth of the market.
Rising number of government initiatives and campaigns undertaken in counties such as China, Germany, Brazil, India, the U.S., and others to expand their industrial sector is driving the sales of viscometer across the industrial segment.

Competitive Landscape:

Top five players in the global viscometers market are Ametek Inc., Thermo Fisher Scientific, TA Instruments, Anton Paar GmbH, and A&D Company. As per FMI, more than 52.6% of the market share is expected to be captured by the top 10 players.

Leading player are focusing on expanding their product portfolios by increasing research and development activities to develop customer-specific products. Some of the companies are aiming for strategic collaborations with other manufacturers in order to enhance their manufacturing capabilities and capitalize on the increasing demand for viscometer. For instance,

In April 2019, Anton Paar, an Austrian manufacturer of analytical instruments, announced launching a next generation sensor, L-Rix sensor. The three sensors, called L-Rix 5×00, are capable of measuring the concentration ratios of the liquid surrounding them using inline refractometry.

ProRheo GmbH, A German producer of rotational viscometers, announced introducing a new viscometer, ProRheo123 for measuring viscosity with VT02-measuring systems. The instrument is capable to provide precise and accurate measurements for all types of fluids across all industries.

Some of the key players operating in the market profiled by FMI are:

Thermo Fisher Scientific
AMETEK.Inc.
TA Instruments
Anton Paar GmbH
A&D Company
Goettfert GmbH
Fann Instrument
Freeman Technology
Brabender GmbH
Cannon Instrument Company
Lamy Rheology Instruments
Shanghai Nirun Intelligent Technology Co., Ltd.

More Valuable Insights on the Viscometer Market:

By Equipment Type:

Orifice Viscometer
Capillary Viscometer
Falling Piston Viscometer
Rotational Viscometer
Falling Ball Viscometer
Vibrational Viscometer

By Sales Channel:

Offline
Online

By End User:

Industrial
Testing & certification Agencies

By Region:

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

Browse More Information for Business Insights:

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Global Tower Crane Rental Market Anticipated CAGR of 5.8%, Surpassing Valuation of USD 12.8 Billion by 2033

Projections indicate that the global tower crane rental market is set to achieve a substantial valuation of approximately USD 7.3 billion by the year 2023. This upward trajectory is primarily fueled by the escalating demand for tower crane rentals across a broad spectrum of end-use industries. Looking ahead, it is anticipated that the market will maintain its upward trajectory over the next decade, reaching an estimated value of USD 12.8 billion by 2033. This growth trend is expected to demonstrate a Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2033.

Anticipated in the near future is a substantial upswing in market growth driven by several key factors. Chief among these is the increasing adoption of tower crane rentals across a diverse array of end-user segments. This trend is further accentuated by a surge in infrastructure projects aimed at modernization and expansion, serving as a pivotal catalyst for the expansion of the market.

An noteworthy trend is the expanding utilization of tower crane rentals within the mining industry, showcasing their versatility in handling and unloading heavy materials. This diversification in usage within the mining sector is expected to play a crucial role in boosting overall sales and fostering market growth.

In recent years, the significant surge in urbanization and the rapid migration of populations from rural to urban areas have contributed substantially to the rise in construction activities. This upward trajectory in construction is further bolstered by an increasing demand for rental services in the realm of tower crane technology, driven by notable technological advancements.

Modern tower cranes now feature a range of advanced attributes, including enhanced lifting capacities, robust safety systems, precise control mechanisms, and energy-efficient operations. These cutting-edge features have collectively heightened the demand for tower crane rentals, with projections indicating a sustained upward trajectory during the forecast period.

The North American market emerges as a prominent player in the global tower crane rental industry, attributed to robust construction activities in the region. The proliferation of development projects in urban and metropolitan areas has generated a compelling demand for tower crane rentals, fostering market expansion.

Simultaneously, the Asia Pacific region is experiencing rapid growth in construction and infrastructure development, resulting in a strong demand for tower crane rentals. The substantial increase in construction activities observed in countries such as China, India, and Japan has significantly fueled the need for tower crane rental services, solidifying the Asia Pacific region’s pivotal role in this market.

Key Takeaways from the Market Study

From 2018 to 2022, the tower crane rental market demand expanded at a CAGR of 5.2%
Based on design type, the top-slewing segment accounts for a CAGR of 5.7%
By application, the construction segment is expected to expand at a CAGR of 5.6% during the forecast period
North America to emerge as a promising tower crane rental market, capturing a CAGR of 5.7%
The tower crane rental industry in the United Kingdom is predicted to reach USD 8.7billion by 2033
Asia Pacific to be an opportunistic tower crane rental market, expected to capture a CAGR of 5.5% during the forecast period.
South Korea’s tower crane rental industry is predicted to achieve a market revenue of USD 7.4billion by 2033.

Competitive Landscape:

The global tower crane rental market is fragmented with the presence of several large and medium-scale players. The leading players in the market are investing in strategic agreements in order to capture market share.

Prominent players in the tower crane rental market are:

Konecranes
Liebherr
Mammoet
Maxim Crane Works, L.P.
Morrow Equipment Company
Morwest Crane & Services
Bigge Crane and Rigging Co
Stafford Crane Group
Leavitt Cranes
Value (USD Million)ed Crane & Rigging
Locabens Equipamentos
Grumont Equipamentos Ltda
JASO Group
Arcomet
WOLFFKRAN International AG
Uperio Group
Al Faris
KAR Group
CC Crane Hire
Industrial Leasing Corporation

Global Tower Crane Rental Market by Category:

By Lifting Capacity:

Up to 5 Tons
5 – 10 Tons
10 – 20 Tons
20 – 50 Tons
Above 50 Tons

By Product Type:

Self-Erecting
Hammerhead Crane
Luffing Jib Tower Crane
Mobile Tower Crane

By Design Type:

Top Slewing Tower Crane

Bottom Slewing Tower Crane

By Vendor Type:

Original Equipment Manufacturer (OEM)
Independent Service Provider

By Applications:

Building and Construction
- Residential and Commercial
- Industrial
- Civic Infrastructure
Marine and Sea Ports
Mining
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia

Browse Detail Information:

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

FMI Projects Global Heat Shrink Tubing and Sleeves Market Anticipated to Exceed USD 3,865 Million Revenue by 2033, Growing at 6.2% CAGR

The global heat shrink tubing and sleeves market, with a valuation of USD 1,995 million in 2022, is experiencing sustained growth, projected to reach USD 2,118 million in 2023. This market has garnered significant attention for its anticipated substantial expansion. Projections indicate a remarkable surge, with the market expected to exceed USD 3,865 million by 2033, propelled by a robust Compound Annual Growth Rate (CAGR) of 6.2% from 2023 to 2033.

A primary driver behind this exceptional growth is the rapid pace of urbanization and the expanding global population. As cities evolve to accommodate a growing number of residents and businesses, there is a corresponding increase in demand for reliable electrical distribution infrastructure. The escalating construction and development activities, spanning both residential and commercial projects, significantly contribute to the robust market demand for heat shrink tubing and sleeves. This highlights their pivotal role in advancing infrastructure development on a global scale.

Driving Forces Behind Heat Shrink Tubing and Sleeves Market Growth:

The rapid evolution within global industrial sectors, accompanied by substantial investments in mechanical equipment, stands as pivotal drivers of the surging demand for heat shrink tubing and sleeves. Additionally, the provision of tailored solutions and the strategic expansion of distribution channels by Original Equipment Manufacturers (OEMs) will consistently fuel the growth trajectory of this market in the foreseeable future.

Environmental Concerns Stimulate Product Innovations:

Heightened environmental awareness in various countries is instigating advancements in the global heat shrink tubing and sleeves market. Both consumers and manufacturers are exhibiting a growing preference for cost-effective eco-friendly alternatives and recycled plastic products. This trend is creating an avenue for key market players to diversify their product portfolios and tap into expanding market segments.

Key Insights from the Heat Shrink Tubing and Sleeves Market Survey:

U.S. Dominance in North America: With influential market players and escalating demand across diverse industries, the U.S. is poised to account for approximately 67% of the North American heat shrink tubing and sleeves market.
China’s Prominent Emergence: Rapid expansion in the electric and electronic sectors positions China as the frontrunner in the heat shrink tubing and sleeves market.
Europe’s Sizeable Market Share: According to FMI, Europe is anticipated to secure a substantial 21.4% share of the global heat shrink tubing and sleeves market.
Energy Sector Impact: Driven by the expansion of the energy sector and heightened oil and gas activities, the energy segment is forecasted to account for around 14.9% of the global heat shrink tubing and sleeves market in 2021.
Concentration Among Top Players: The top five players in the heat shrink tubing and sleeves market are projected to collectively hold an estimated 52% of the total market share.

Competitive Landscape: Innovations and Collaborations Drive Heat Shrink Tubing and Sleeves Market

Key players within the heat shrink tubing and sleeves market are strategically amplifying their product portfolios through significant investments in research and development endeavors. They are effectively harnessing both organic and inorganic growth avenues, including mergers and acquisitions, novel product introductions, partnerships, and collaborations, all aimed at fortifying their global presence.

Noteworthy Illustration of Innovation:

In September 2020, TE Connectivity, a frontrunner in connectivity and sensors, unveiled a range of UV-SCE printable heat shrink sleeves designed for wire and cable identification in settings with potential UV light exposure.

Leading Market Players Identified by FMI:

HellermannTyton
Molex Electronic Solutions
Panduit
Shrink Sleeves Ltd.
TE Connectivity
ABB Ltd.
The 3M Company
Wurth Elektonik Company
Techflex
Artilabo International
Gremtek SAS
PEXCO
DSK-CANUSA
WKK Nederland’s B.V.
Essentra PLC
Plastpolymer Prom LLC
Don-Polymer Ltd.

Market Segments:

By Material Type:

Polyolefin (POE)
Ethylene Vinyl Acetate (EVA)
Polytetrafluoroethylene (PTFE)

By Length:

Spool
Standard (1.2 Meter)

By Product Type:

Tubes
Sleeves

By Sales Channel:

Original Equipment Manufacturer (OEM)
Aftermarket

By Applications:

Automotive
Aerospace
Railways

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
Middle East and Africa

Access Report Details for More Information:

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us: