Silicon Anode Battery Market is expected to surpass US$ 2.09 Bn by 2031

Silicon has comparatively better technical features than graphite, hence it is used as a utility negative electrode in lithium-ion batteries. Its application within the automotive sector is expected to skyrocket especially in response to the increasing production of electronic vehicles.  While the automotive sector currently holds dominance, the consumer electronics sector will trail closely, exhibiting high growth.

Applications in automotive and consumer electronics will drive silicone anode batteries sales, finds Future Market Insights (FMI) in a new study. According to the report, the silicon anode battery market is expected to surpass US$ 2.09 Bn by 2031. Applications of these batteries are rising steadily across industries, as a replacement anode for graphite.

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Key Takeaways of Silicon Anode Battery Market Study

  • Silicone anode battery market will register impressive growth, exhibiting 21.5% CAGR between 2021 and 2031
  • Expansion of consumer electronics and automotive sectors will enable the U.S. account for over 70% silicon anode batteries sold in North America
  • Despite a year of negative growth, the U.K. will register 16% y-o-y growth in 2021, thanks to increasing sales of electronic vehicles
  • Germany and France will emerge as highly lucrative markets for silicon anode battery in Europe
  • Increasing consumer electronics manufacturing and demand for state-of-the-art technologies supporting expansion in China. Japan and South Korea too will continue offering lucrative opportunities

“Silicon anode manufacturers are likely to capitalize on the increasing demand for electronic vehicles. Higher focus on environmentally-friendly technologies will continue offering attractive opportunities,” said a lead analyst at FMI.

North America currently leads the market. Europe too will exhibit increasing demand, thanks to increasing focus on the production of electric vehicles. Besides this, growth exhibited in both East and South Asia will increase at an accelerated pace especially since these regions are focusing on expanding their manufacturing facilities.

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Silicon Anode Battery Market by Segments

Capacity

  • Below 1500 mAh
  • Between 1500-2500 mAh
  • Above 2500 mAh

Application

  • Consumer Electronics
    • Smart Phones
    • Laptops
    • Tablets
    • MP4 Players
    • Digital Players
    • Other Microelectronic devices
  • Automotive
    • Plug in Hybrid Electric Vehicles
    • Hybrid Electric Vehicle
    • Electric Vehicle
    • Electric Bicycle
  • Industrial
  • Grid & Renewable Energy

Region

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

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Who is Winning?

Some of the leading players operating in the silicon anode battery market are Amprius Inc, Nexeon Ltd, Enevate Corp and Boston Power Inc.

The Silicon Anode Battery market is a highly competitive market dominated by regional players. These companies are striving to offer the most optimized solutions while mitigating the technical challenges.

Companies operating in the market have been focusing on capacity expansion and introducing innovative solutions. For instance, Canada-based startup TRION Energy has been focusing on addressing incumbent challenges by adding silicon to graphite using its low cost technology called SiMoGraph technology.

Combi Ovens Market is expected to witness a considerable value CAGR of 10.7% during the period of 2022 and 2027 : FMI

[238 Pages] 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.

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

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FMI has identified Western Europe to remain a key market for combi oven over the forecast period owing to increasing demand from end-use applications. The region is estimated to witness a value of a CAGR8.5% during the period 2022 and 2027. Global Combi Ovens Market is expected to account for about 1.3% of the global machine tool market.

2012-2021 Global Combi Ovens Market Outlook Compared to 2022-2027 Forecast

Combi Ovens do a range of tasks including baking, roasting, broiling and steaming. It is becoming more popular for preparing continental cuisine. Combi Ovens are becoming a popular alternative to traditional foodservice equipment because of their features and high utility. Electric Combi Ovens are also becoming more popular in high-altitude settings.

As a result, their demand is expected to skyrocket in the future years. The ability to self-clean is the most significant characteristic of a combi oven, which makes it a popular choice.

Most combi ovens offer self-cleaning systems that use either tablets or liquid detergents. As a result, maintenance time and cost are significantly reduced. This is expected to shoot up the demand for combi ovens in will help to augment supply.

What are the key attributes to increase the usage of Combi oven in near future?

Consumer preferences have shifted from full-service restaurants to fast-service restaurants as a result of rapid lifestyle changes. Furthermore, transporting LPG at such high altitudes is costly. As a result, the use of LPG-powered appliances has reduced significantly over time.  With this confidence, investors are eager to invest in hotel and restaurant development.

As a result of its unique features and capacity to perform in any situation, the demand for combi ovens for applications in cruise ships, ships, and marine vessels is expected to expand dramatically. Furthermore, in many areas, hotel construction is still in its early stages. The upmarket and premium hotel segment is expected to develop significantly in the future years.

Pressurized fuel systems are ineffective at high elevations. The supply of LPG is influenced by two factors: pressure differences and a shortage of oxygen. The pressure differential between the pressurised tank and the lower outside pressure drops at high altitudes, allowing the gas to exit the canister more easily.

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Combi Ovens are becoming attractive options in high-altitude settings as a result of this. This is expected to provide a vital boost to demand and prospects for the Combi Ovens market to expand in the future years.

Global Combi Ovens Market by Category

By Product Type, the Global Combi Ovens Market is segmented as:

  • Steam Generated
  • Boilerless

By Power Unit, the Global Combi Ovens Market is segmented as:

  • Gas
  • Electric

By Capacity, the Global Combi Ovens Market is segmented as:

  • Low
  • Medium
  • Heavy

By End-use, the Global Combi Ovens Market is segmented as:

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

By Region, the Global Combi Ovens Market is segmented as:

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

Combi Oven Market Competitive Landscape

Over the past few years, increment in the number of acquisitions and expansion activities has been witnessed to improve the supply of Combi oven. Several key players are also focusing on improving efficiency of machine mount for various applications. Emergence of various manufacturers had also been witnessed in the global businesses especially in China.

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For Instance,

  • In February 2017, Alto-Shaam Inc. introduced the new self-cleaning rotisserie oven, which features several time-saving options, including automatic cleaning, grease collection and touchscreen controls.
  • In 2017, the company launched its Easyair Combi Oven. This medium duty combi oven is stackable and accepts data via a USB port for up to a pre-set temperature of 99 degree Celsius.

The latest study conducted by Future Market Insights covers all the strategies and success factors of key manufacturers of the market.

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis is available in the report.

North America Set to Dominate the Global Industrial Hearables Market During the Forecast Period 2022-2026

[185 Pages] Demand in the Industrial Hearables Market is projected to increase at a robust 7.8% CAGR between 2022 and 2026. Future Market Insights (FMI) forecasts the market value to top US$ 991.5 Mn in 2026.

Industrial Hearables Market Estimated Year Value (2022E) US$  733.8 Mn
Industrial Hearables Market Projected Year Value (2026F) US$  991.5 Mn
Value CAGR (2022-2026) 7.8%
Collective Value Share: Top 3 Countries (2022E) 50.6%

Industries are the potential area in which hearable technology is evolving on a larger basis which helps in augmenting hearing and improves the hearing faculty over the normal levels.

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Industrial noise level over 85 decibel is believed to be harmful for workers liable to such environments which results in growing focus toward adoption of hearing devices to prevent hearing loss is expected to bolster the demand of the product over the years to come Considering this, FMI has forecast the global Industrial Hearable sales to reach a valuation of US$ 991.5 Mn in 2026.

The global industrial hearables market is slated to reach a valuation of nearly US$ 992 Mn in the year 2026 and exhibit a robust CAGR during the period of forecast.

A hearable device is a kind of microcomputer that is positioned in the ear and is fitted in the ear canal of the user. This kind of device makes the use of wireless technology to enhance and complement the hearing experience of the wearer. There are many exciting and limitless possibilities of the hearable devices that are experiencing an excellent reception in the market.

An area of application which has enormous applications in the field of hearable devices is the area of augmented hearing. With the aid of this technology, there would be an improvement of the hearing faculty to above normal levels. However, this technology is still in its evolution stage.

There is another exciting area of application of hearable devices is in the form of layered listening technology, which allows the users to filter out or enhance specific sounds. Besides such ground breaking technologies, the hearable devices also offer features such as monitoring of the vital body signs such as the heart rate, body temperature, ECG, blood pressure and pulse monitoring.

Besides, hearables can also be used as personal identification devices in which sound waves are used as a means of identification of an individual.  Also, hearable devices are also used to enhance the quality of the sound which the wearer receives and function as hearing aids.

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4 Forecast Highlights on Global Industrial Hearables Market

  • As per the forecast of Future Market Insights, the personal sound amplifiers (PSAPs) product type segment is slated to touch a value of nearly US$ 300 Mn in the year 2026. This represents a robust CAGR growth during the assessment period of 2022-2026. The personal sound amplifiers (PSAPs) product type segment was estimated to account for more than one fourth of the revenue share of the product type category by the year 2017 and is expected to gain in market share by the year 2026 end.
  • As per the assessment of Future Market Insights, the wireless segment will reach a valuation of nearly US$ 386 Mn in the year 2026. This represents a robust CAGR growth during the period of assessment. The wireless segment was estimated to account for more than one-third of the revenue share of the technology category in the year 2017 and is expected to gain market share by the end of the year 2026.
  • As per the estimates of Future Market Insights, the hypermarket/supermarket segment is slated to reach a valuation of nearly US$ 51 Mn in 2026. The hypermarket/supermarket segment is expected to lose market share by the end of the year 2026. The largest share is contributed by the North America region in the hypermarket/supermarket segment.
  • FMI forecasts the US industrial hearables market to grow from US$ 180.6 Mn in 2017 to US$ 345.7 Mn in 2026. This represents a compound annual growth rate (CAGR) of 7.5% from 2017 to 2026.

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Competition Landscape

The report has also profiled leading players in the global industrial hearables market, which will remain active through 2026. These include companies such as Medtechnica Orthophone, Sivantos Pte. Ltd., Widex A/S, Miracle Hearing Aid Clinic, GN Store Nord A/S, Sonova Holding AG, Siemens Healthcare, GN ReSound, Cochlear, Persona, , Starkey Hearing Aids, William Demant Holding A/S, MED-EL, Shenzhen Sunsky Technology Union Hearing Aid Centre, Beltone and Eartone.

For further insights into the global industrial hearables market, write in to Future Market Insights analysts at press@futuremarketinsights.com

Sales of Sulphur Recovery Technology is forecast to exceed US$ 2.7 Bn by 2031,

[198 Pages Report] Newly released data by Future Market Insights (FMI), projects that the sulphur recovery technology market will reach valuation of US$ 1.2 Bn by 2021 and is expected to grow at compound annual growth rate (CAGR) of 11% for 2021 – 2031. The increasing production of shale gas will accelerate the growth with top market players holding 2/5th of sulphur recovery technology market share in 2021.

Growth predictions remain positive for Europe due to increasing government expenditure on oil and gas industry and presence of leading market players in the U.K. and Germany. Spurred by this, the Europe sulphur recovery technology market is projected to grow at about 12% CAGR during the forecast period.

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Increasing emphasis on regulations for reducing levels of sulphur in products and lower sulphur emissions has boosted demand for deployment of sulphur recovery technology units.

The growing numbers of refinery projects across the world are anticipated to create vast opportunities for sulphur recovery technology manufacturers, as installation of their units in these plants will lead to significant profits.

Furthermore, increasing expansion projects across the world are expected to be a major factor contributing towards sales of global sulphur recovery technology.

According to the recent research report published by Future Market Insights, the sulphur recovery technology market is expected to exhibit an impressive CAGR of 11% during the forecast period of 2021-2031.

Key Takeaways of Sulphur Recovery Technology Market Study

  • Increasing exploration and production activities, especially those associated with shale gas, led to high demand for sulphur recovery technology units from refineries. Production of recovered sulphur from gas refining activities is increasing significantly, attributable to the rise of major gas refining activities across the globe.
  • In terms of plant capacity, there is a rising demand for sulphur recovery technology units with capacity of less than 100 t/d, owing to lower emission footprint, ease of upgradation, and relative cost-effectiveness as compared to other units.
  • Stringent environmental regulations regarding emission of hydrogen sulfide mainly released during oil & gas extraction, treatment, transportation, and refining are boosting the demand for development of cost-effective desulphurization technologies. For instance, environment legislation of EU (European Union) sets the standards for oil & gas refineries industries in Europe.
  • The oil and gas production in prevailing refineries is expected to have a greater impact on the growth and development of the global sulphur recovery technology market in comparison to new refinery bases.
  • In terms of value and volume, Europe and the MEA are identified as dominant regions throughout the forecast period. Increasing number of refineries projects in countries in Europe and MEA such as Saudi Arabia, Kazakhstan, and Russia, are expected to supplement the demand for sulphur recovery technology. These countries also have oil reserves, which in turn support the demand for sulphur recovery technology.

“APAC is one of the majorly profitable markets for players offering sulphur recovery technology, attributable to the establishment of new refineries to cater to growing demand for new gas refining units in the region,” says an FMI analyst.

Sulphur Recovery Technology Market: Competitive Landscape

The global sulphur recovery technology market has remained competitive with the presence of giant players having expertise in advanced manufacturing technologies, and product offerings for diverse applications.

However, leading players account for nearly 2/5th of the global sulphur recovery technology market share. These players include Royal Dutch Shell plc, Exxon mobil Corporation, Bechtel Corporation, Fluor Corporation, and Linde AG & Technip FMC plc.

Such key players are adopting strategies such as expansion, acquisitions, and product launches, and are creating challenges for small-scale players.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

Digital Winding Transformer Monitors will continue To Grow Over 10.4% CAGR: FMI

The transformer monitoring system market exhibited year-on-year growth of 10.9% in 2021, backed by increasing adoption of green transformers leading to up-gradation of associated monitoring system and growing emphasis on improving reliability of power grid. FMI states that, transformer monitoring system market revenue grew by 8.5% between 2016 and 2020. It is predicted that sales revenue will reach US$ 2 billion in 2021 with an astronomical CAGR of 10.1%.

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Green transformers are gaining popularity due to its low carbon footprint and high efficiency and reliability. To monitor these new transformers retrofit installations are required. Increasing renewable energy penetration and rising sales of green transformers will accelerate the demand for retrofit transformer monitoring system in upcoming years.

According to International Energy Agency, global electricity consumption reached 22,848 TWh in 2019. China, India, Russia, and Brazil account for more than 39% of global consumption. Rise in electricity consumption in developing countries will boost the market sales over the forecast period.

Top manufacturers are striving to reduce the installation cost of the monitoring system and make them more reliable and accurate. However, unpredictability in terms of regulatory policies and strained supply chain system are the key challenges influencing the global market for transformer monitoring systems.

KEY TAKEAWAYS FROM FMI’S TRANSFORMER MONITORING SYSTEM MARKET STUDY
  • North America transformer monitoring system market will exhibit stupendous growth at 10.6% CAGR through 2031, due to rapid industrialization, growing necessity to upgrade monitoring system with respect to transformers in U.S. and Canada.
  • Europe transformer monitoring system market led by Germany is forecast to grow at 7.6% CAGR during the forecast period. Rise in growth can be attributed to rising adoption of green transformers and presence of leading manufacturers in the region.
  • Incorporation of modern monitoring system to tackle power outage and related issues in urban area will drive the demand for transformer monitoring systems in India.
  • Japan and South Korea account for 3% of global transformer monitoring system market share in 2021. Increasing need to monitor large and complex power network and high demand of retrofits installation are key growth drivers in these countries.
  • By product type, software segment is projected to surpass the market valuation of US$ 277 at a CAGR of 10.3% in 2021. Advancement in big data analytics and introduction of internet of things (IoT) in monitoring system will drive the market growth of this segment.

“It will be interesting to see how modernization in electricity transmission system will influence the demand for transformer monitoring system during the forecast period. Rising necessity to upgrade monitoring system to comply with green transformers will boost the market growth in upcoming years,” says the FMI analyst.

WHO IS WINNING?

Future Market Insights highlights the key trends emerging in the transformer monitoring system market and discusses the strategies employed by market players to strengthen their market position.

FMI estimated that the power transformer market is dominated by ABB, General Electric, Siemens AG, Maschinenfabrik Reinhausen GmbH, and Groupe Cahors S.A. Out of these top market players ABB holds around 14% of global market share, General Electric holds 10%, Siemens AG holds 12%, Maschinenfabrik Reinhausen GmbH holds 8%, and Groupe Cahors holds 5% of global market share, says FMI.

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Key Segment:

By Product:

  • Hardware
    • Direct Winding Transformer Monitors
    • Intelligent Transformer Monitors
  • Software

By Installation Type:

  • Newly Installed Units
  • Retrofit Units

By Application:

  • Dissolved Gas Analysis (DGA)
  • Partial Discharge (PD)
  • Bushing Monitoring
  • Cooling Control
  • Voltage Regulation

By End Use:

  • Power Transformers
  • Distribution Transformers
  • Other Transformers

By Region:

  • North America
  • Western Europe
  • Latin America
  • Eastern Europe
  • Asia Pacific excluding Japan (APEJ)
  • Japan
  • Middle East and Africa (MEA)
2016 – 2020 TRANSFORMER MONITORING SYSTEM MARKET OUTLOOKS IN COMPARISON TO 2021 – 2031 FORECASTS

Rapid urbanization and rise in industrial activities has increased the electricity consumption in past few years. With the world is looking towards establishing smart grids for effective distribution of power, the demand for transformer monitoring systems will rise over the forecast period. According to FMI, transformer monitoring system sales revenue will rise at 10.1% CAGR between 2021 and 2031.

The transformer monitoring system is a process oriented system that measures quantities like voltage and current, estimates measurement data through algorithm, creates trends, and performs model monitoring. Introduction of internet of things (IoT) based smart transformer technologies will augment the market growth during the assessment period.

Transformer monitoring system sales is expected to rise due to adoption of bulk manufacturing practices by manufacturers and heightened consumer awareness towards environmental issues.

Developed countries are investing in refurbishing existing grid infrastructure to cater to growing power needs and reduce carbon emission. Advancement in grid technology and upgrade in configurations to comply with green transformers will further complement the industry outlook.

KEY PLAYERS:

Prominent players operating in the transformer monitoring system market are:-

  • ABB Group
  • Siemens AG
  • General Electric
  • Mitsubishi Electric Power Products Inc.
  • Eaton Corporation
  • Hitachi Ltd.
  • Qualitrol Company LLC
  • Koncar-Electrical Engineering Institute Inc.
  • Maschinenfabrik Reinhausen GmbH (MR)
  • CETT Co., Ltd.
  • Groupe Cahors
  • Camlin Power
  • MTE Meter Test Equipment AG
  • Advanced Power Technologies LLC

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Global Tower Crane Market to grow at 4.8% CAGR through 2031

Global tower crane sales are set to be valued at US$ 19.3 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The report estimates global tower crane market to grow at nearly 4.8% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on tower cranes market growth will evolve in the next decade.

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Demand for tower crane waned in 2020, due to the recessionary effects of COVID-19 on the construction activities, resulting in retardation of new and rental sales of tower cranes However, barring a few countries, the construction activities has resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of Tower Cranes the market remains positive.

The research report analyzes demand for tower crane. The global tower crane market has been analyzed upon covid-19 impact, macroeconomic factors, market trends & market background. As per FMI’s research scope, the market has been analyzed on the basis of applications, customers & regions. The report gives us qualitative and quantitative information on various players in this market. Also, this report tracks the market by both supply side and demand side.

Key Takeaways from Tower Cranes Market Study

  • Following negative returns amid COVID-19, the tower crane market is forecast to register a little below 4% Y-o-Y growth in 2021
  • The U.S. will continue accounting for maximum sales in North America, holding over 85% of regional market share
  • The U.K. market is likely to register 3.7% Y-o-Y growth in 2021 backed by recovering construction activities
  • The demand from Germany and France will account for considerable sales within Europe
  • China will emerge dominant in East Asia, while Japan and South Korea markets will continue exhibiting growth at a positive pace

Tower Crane Market

By Lifting Capacity

  • Up to 5 Tons
  • 5 to 10 Tons
  • 10 to 20 Tons
  • 20 to 30 Tons
  • 50 to 250 Tons

By Design

  • Top Slewing
  • Bottom Slewing

By Product Types

  • Self-Erecting
  • Hammer Head Cranes
  • Luffing Jib Cranes
  • Mobile Cranes

By End-Use

  • Building & Construction
  • Civic infrastructure
  • Marine & Sea Ports
  • Mining
  • Others

By Region

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

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Product Synopsis

A recent market study published by FMI on the Tower Crane market includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical and current growth parameters of the Tower Cranes market, the growth prospects of the market are obtained with maximum precision.

Competitive Landscape

The tower crane market is moderately competitive, with presence of large number of players operating in the market. Some of the players are focusing to carve a niche for specific demography. The market has been benefiting from robust partnerships with high focus on innovations. This has led to a series of tower crane launches in the last few years.

For instance:

  • In 2020, Potain launched a tower crane focusing on home building and high-rise.
  • Comansa has recently launched the largest crane, called 21CM750, manufactured at its plant in Hangzhou

Some of the leading companies operating in the market are:

  • Zoomlion Heavy Industry Science & Technology Company Ltd.
  • Xuzhou Construction Machinery Group Co., Ltd.
  • Liebherr
  • Terex Corporation
  • Manitowoc
  • Sany Group
  • Action Construction Equipments
  • Konecranes
  • Raimondi
  • Comanasa S.A.

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Sales of Aircraft Ground Support Equipment to Increase by 6.5% CAGR, Demand for Electric and Hybrid Equipment will be Exceptionally High: FMI

Future Market Insights (FMI) in its latest analysis forecasts that the aircraft ground support equipment market will expand at a healthy CAGR of 6.5% between 2021 and 2031. The market valuation is set to reach US$ 9.7 Bn by 2021 end.

FMI also forecasts that the airport ground support equipment sales to top 27,000 units by 2031-end owing to the increasing passenger movement across the world. North America will continue leading the global aircraft ground support equipment market, exhibiting demand at a CAGR of 6%.

ESOMAR-certified consulting firm Future Market Insights (FMI) in its latest report forecasts the global aircraft ground support equipment (GSE) market to register a CAGR of 6.5% between 2021 and 2031, reaching a market volume of around 27,000 units by 2031 end.Establishment of new airports along with rising air traffic across the globe is creating huge demand for ground support equipment.

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Airport authorities are increasing investment towards improving operational efficiency.  Implementation of sophisticated aircraft ground support equipment is intended to reduce the downtime across airports.

Introduction of electric and hybrid ground support equipment has completely changed the market scenario. These equipment not only minimize emission but also reduce costs and improve efficiency of aircrafts. The ground support equipment market registered a healthy year-on-year growth of 6.6% CAGR between 2020 and 2021.

Due to the outbreak of COVID-19, cargo operations increased considerably as demand for timely transportation of medicines and vaccines rose. The increasing demand for refurbished ground support equipment will further strengthen growth prospects for the global market.

With the expansion of the aviation and tourism industry across the world, the ground support equipment market is set to reach a valuation of US$ 9.7 Bn in 2021.

“Innovations in ground support equipment and availability of ground support equipment rentals will create lucrative growth opportunities for the aircraft GSE manufacturers in the future” says the FMI analyst.

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Key Takeaways from FMI’s Aircraft Ground Support Equipment Market Study

  • North America dominates the ground support equipment market as a result of well-established aviation industry. The regional market is set to register steady growth at 6% CAGR between 2021 and 2031.
  • Increasing investments in aviation industry will help China to maintain its dominance over the ground support equipment market during the forecast period.
  • The market in India is expected to offer lucrative growth opportunities to aircraft GSE manufacturers.
  • In terms of power, electric segment is expected to remain dominant owing to the increasing demand for sustainability and green aircraft GSE.
  • By equipment type, the aircraft service segment is expected to remain dominant in the aircraft ground support equipment market, followed by cargo loading and passenger services.

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Competitive Landscape

Key players operating in aircraft ground support equipment market are focusing on expanding their business through contracts with airlines across different regions. They are also adopting various organic and inorganic growth strategies such as mergers and acquisitions, advanced product development and collaborations to gain a competitive edge in the market.

In August 2021, Thales partnered with Dragonair Airport GSE service Ltd. to provide an advanced Instrument Landing system (ILS) solution in fully supporting the three-runway system (3RS) expansion project at the Hong Kong International Airport (HKIA). This will enable to further improve the capacity and efficiency of aircraft landing while maintaining the highest standard of flight safety.

In 2019, JBT Corporation announced that it has signed an agreement to acquire Lektro, Inc., a privately held manufacturer of electric aviation ground support equipment based in Warrenton, Oregon.

Explore FMI’s Extensive Coverage on Industrial Automation Domain

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Bridge Bearings Market – The global bridge bearings market was valued at US$ 674.33 Mn in 2021, and is likely to reach US$ 705.8 Mn in 2022.

Industrial Hearables Market – Industrial Hearables Market is projected to increase at a robust 7.8% CAGR between 2022 and 2026.

About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Government Regulations Regarding Safer Water Supply Will Remain Pivotal in Shaping the Future of Water Treatment Market

The global water treatment market is projected to grow 6% in 2019 and reach a total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as per the recent report published by Future Market Insights. Demand for potable water, changing government regulations, and awareness of the negative impact of untreated water are tipped to be the primary growth drivers of the global water treatment market.

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Water Treatment System Market Outlook and Key Findings

The global water treatment system market is projected to value around US$ 112 Bn in 2030. Water treatment segment to witness rising momentum in coming years. Adoption in desalination process to surge through 2030. Municipality spaces to offer lucrative investment opportunities. North America and Europe currently lead the global adoption. According to the report, several key drivers are expected to fuel the growth of the global water treatment market during the forecast period. The notable driving forces include, growing awareness of the hazardous effects of impure water consumption, steady surge in demand for fresh water, adoption of water treatment systems, and demand for quality water from the domestic and industrial sector.

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The increase in the adoption of new technologies along with focus on R&D will play an instrumental role in shaping the overall growth of the water treatment market in 2019 and the coming years. Further, established players operating in the water treatment market are likely to increase investments in R&D activities, focus on the development of innovative water treatment systems, and offer cost-effective solutions.

In addition, existing players pushing for product innovation, collaborations with EPC companies and local municipalities, development of patented technologies and high capacity treatment systems are likely to gain a competitive edge in the current industry landscape.

Water Treatment System Market Future Outlook – COVID-19 to Highlight the Significance of Wastewater Analysis

Wastewater analysis is emerging as crucial way to examine community transmission of COVID-19. While polluted, unprocessed wastewater does not pose contagion risk, it provides medium of propelling infection rates in societies, and a potential early-warning system for new disease outbreaks.

Case in point, in the Netherlands, evidence of coronavirus were monitored in untreated wastewater six days before the first case was registered. Japan has already started to gather weekly specimens from treated and untreated sewage. Specimens from 15 sewage treatment facilities will be frozen and accumulated until techniques to extract and analyze the coronavirus come into existence.

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By Segmentation:

By System Type

Preliminary Treatment, Water Treatment, Membrane Bio-Reactor (MBR), Reverse Osmosis (RO), Micro-Filtration (MF), Nano/Ultra Filtration (NF/UF), Disinfectants (UV, Ozone), Sludge treatment, Activated Sludge, Sludge Thickening & Dewatering, Sludge Drying, Other Sludge Treatment Technology,By Application

Process Water/ Water Treatment, Waste Water Treatment, Zero Liquid Discharge, Desalination,By End Use

Residential Buildings, Commercial Buildings, Municipality, Industrial, Chemical & Petrochemicals, Oil & Gas, Mining & Metals, Food & Beverage, Pharmaceuticals, Thermoelectric Power Plants, Semiconductors, Pulp & Paper, Sugar Mills, Textiles, Leather,By Region

North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East, Africa.

Global Fire Extinguisher Market CAGR of ~5.7% Over Forecast Period 2022-2032

As per a Future Market Insights’ (FMI) analysis, the fire extinguisher market is projected to be valued at over ~US$ 3.6 Bn in 2021, expanding at a CAGR of ~5.7% over the forecast period of 2021-2031.

Increasing industrial and commercial sector applications of fire extinguishers, coupled with implementation of stringent regulations and building codes are likely to result in increasing demand over the forecast period.

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However, the ongoing crisis caused by COVID-19 pandemic has severely impacted the global economy. It has resulted in a complete shutdown of the supply chain networks and manufacturing activities. This also has negatively impacted the overall operations in the fire extinguisher market.

The market is however expected to witness lucrative opportunities during the forecast period owing to increasing demand from commercial and industrial sectors. New unit sales and replacement / retrofit jobs will contribute to growth.

Market Outlook:

The fire extinguisher market was estimated to clock at 3.5% CAGR between 2016 and 2020. Fire extinguishers are pressure vessels that contain a specialized extinguishing agent that aids in the control or dousing of a fire. Portable fire extinguishers are simple to use, lightweight, and portable.

The demand for fire extinguishers is growing due to an increase in the number of fire fatalities in homes and businesses. Fire extinguishers are key units for fighting fire, especially in closed spaces. These products are designed to be simple to minimize fire risks in times of emergencies.

Furthermore, advancements in sound and gas based firefighting technology, will also influence the growth of the market in the near future. The global fire extinguisher market is estimated to be valued around US$ 3.6 Bn in 2021, exhibiting 1.1 X increase over the previous year. Future Market Insights expects the global Industrial Fire Extinguisher market to expand at over 5.5% CAGR through 2031.

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By Segmentation:

By Product Type

  • Water
    • Air-Pressurized Water
    • Water-Mist
  • Foam
    • Aqueous film-foaming foam
    • Compressed air foam system
    • Others
  • Wet Chemical
    • Potassium Acetate
    • Potassium Carbonate
    • Potassium Citrate
  • Dry Powder
  • Carbon Dioxide
  • Dry Chemical
  • Others

By Fire Type

  • Class A
  • Class B
  • Class C
  • Class D
  • Class K

By End Use

  • Residential
  • Commercial
  • Industrial
  • Public Areas
  • Others

Region

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

The global fire extinguisher market is highly fragmented in nature, with the presence of numerous small scale and regional players in the market. Strategies followed by key players in the fire extinguishers market include business expansion by mergers and acquisitions, product launches, collaborations, and alliances.

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Key market players also are focusing on strategies involving new dealership networks and collaborations. Investments in research and development for novel products are anticipated to boost the growth. For instance:

  • In May 2021, First Alert released a new fire extinguisher aimed towards use in home settings and recreational spaces, as a low budget offering. The product has been designed to meet rechargeable REC 5 standards.
  • In February 2021, Win Time Technology introduced a new, plant-based fire extinguishing agent at the No Agricultural Waste research and development project. The product is set o become an eco-friendly alternative to conventional fire extinguisher offerings.
  • In January 2021, CASP Aerospace announced the release of a new range of environment friendly model 375H673 of fire extinguishers as an alternative to Halon 1211 fire extinguishers with a mounting bracket feature.

Some of the leading companies operating in the market are:

  • Kidde
  • ACTIVAR INC.
  • AMEREX CORPORATION
  • BRITANNIA FIRE LTD
  • Ceasefire Industries Pvt. Ltd.
  • DESAUTEL SAS
  • FEUERSCHUTZ JOCKEL GmbH & CO. KG
  • FIKE CORPORATION
  • FLAMESTOP AUSTRALIA PTY. LTD.
  • HATSUTA SEISAKUSHO CO., LTD.
  • Jactone Products Limited
  • NAFFCO FZCO
  • Safex Fire Services Ltd.
  • SIEX 2001 S.L.
  • Yamato Protec Corporation
  • GUNNEBO AB
  • Hochiki Corporation
  • Johnson Controls International Plc
  • PASTOR – TVA – d.d.

Palletizing Robots Market is poised to exhibit a robust CAGR in the period of assessment : Says FMI

The global palletizing robots market is slated to touch a value of about US$ 1,500 Mn in the year 2022 and display a robust CAGR during the assessment period.

Palletizing robots are a kind of equipment that helps in the automatic compiling of various kinds of products on a pallet. Pallet wrapping functions are an important part of the workflow at the end of the packaging line before the product gets transported and distributed to different places. Due to the advancements in the field of robotics, more advanced forms of palletizing robots have emerged, that can lift heavy weights and can even lift products from a greater height due to their long arms. Also, hybrid palletizing robots have been developed, that have a simple user interface and can be operated easily, besides being cost-effective and efficient to use. Such kind of hybrid palletizing robots can even handle complex tasks like the handling of delicate products. With the ongoing technological innovations in this field, palletizing robots that can operate at increased speeds and deliver high-quality work.

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The global palletizing robots market is receiving a huge boost due to the major technological advancements in this field. There is a pressing need to transport finished products to the market in an efficient manner and this has made the use of palletizing robots imperative because they can do the job efficiently and speedily. Most of the production units are opting for palletizing robots to achieve higher production rates.

The factors that are driving the palletizing robots market include improved functionality of such robots along with a simplified user interface. Moreover, there is an introduction of a kind of palletizing robot in the market that can lift heavy loads and can even lift products from greater heights due to their long arms.

APEJ Market Set to Dominate the Global Palletizing Robots Market in Terms of Revenue

The market in APEJ is set to dominate the global palletizing robots market in terms of value and this trend is projected to sustain itself throughout the assessment period. APEJ palletizing robots market is the most attractive market, growing at a robust CAGR over the forecast period.

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4 Forecast Highlights on Global Palletizing Robots Market

As per the forecast of Future Market Insights, the bag palletizing segment is slated to touch a value of more than US$ 600 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The bag palletizing segment is estimated to account for more than one-third of the revenue share of the machine type segment by the year 2017 and is forecasted to gain market share by 2022 over 2017. As per the forecast of Future Market Insights, the pharmaceutical segment will reach a value of about US$ 96 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The pharmaceutical segment is forecasted to account for more than one-tenth of the total revenue share of the end-use type segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017. As per the forecast of Future Market Insights, the consumer products segment is slated to reach a value of about US$ 350 Mn in 2022. The consumer products segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the APEJ region in the consumer products segment. Future Market Insights forecasts the China palletizing robots market to exhibit a compound annual growth rate (CAGR) of nearly 16% from 2017 to 2022.

Palletizing Robots Market Taxonomy

Machine Type

Case Palletizing Bag Palletizing De-palletizing

End-Use Type

Food & Beverages Pharmaceutical Consumer Products Tracking and Logistics Industrial Packaging

Region

North America Latin America Europe Japan Asia Pacific excluding Japan Middle East and Africa

Case Palletizing Segment Slated to Touch a Value of Nearly US$ 400 Mn in 2022

According to the projections of Future Market Insights, the case palletizing segment is expected to reach a value of about US$ 400 Mn in the year 2022. This signifies a robust CAGR during the forecast period of 2017-2022. The case palletizing segment is estimated to account for more than one-third of the revenue share of the machine type segment by the end of the year 2017 and is expected to lose market share by 2022 over 2017.

Food and Beverages Segment to Exhibit a CAGR of More than 13% During the Assessment Period

According to the assessment of Future Market Insights, the food and beverages segment is poised to touch a figure of about US$ 390 Mn in the year 2022. This signifies a CAGR of more than 13% during the assessment period from 2017 till the year 2022. The food and beverages segment is estimated to account for more than one-fourth of the revenue share of the end-use type segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.

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Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of the global palletizing robots market through 2022, which include ABB Limited, Fanuc Corporation, KUKA AG, YASKAWA Electric Corporation, Mitsubishi Electric Corporation, Krones AG, Brenton, LLC, Remtec Automation, LLC, Kawasaki Heavy Industries, Ltd. and DAN-Palletiser AS.