Phytopathological Disease Diagnostics Market Insights with Upcoming Trends Segmentation, Opportunities and Forecast to 2029

The global phytopathological disease diagnostics market is expected to exhibit a CAGR of over 4% during the forecast period (2022-2029).

Growing awareness for plant health across the world has boosted the demand for plant health diagnostics. Increase in usage of rapid plant disease diagnostic techniques helps in prior disease detection for better plant health management and reduced risk of various plant-related diseases.

Numerous organisations are getting involved in plant health surveillance. Recently, the Plant Protection and Quarantine (PPQ), an organization started by the U.S. Department of Agriculture, started focusing on safeguarding plants against the entry and spread of economically and environmentally significant pests, and facilitate the safe trade of agricultural products.

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Key Takeaways of Phytopathological Disease Diagnostics Market Study

  • Owing to increasing adoption of kits as diagnostic methods for plant disease detection, the segment is expected to be a significant revenue generator.
  • The lateral flow devices (LFDs) segment, under product, in the phytopathological disease diagnostics market, is expected to be a prominent segment, as results provided by these devices are more accurate and rapid as compared to other product types.
  • The serological tests segment is anticipated to be dominant in the phytopathological disease diagnostics market, owing to significant availability of products to perform tests.
  • Europe is expected to dominate the phytopathological disease diagnostics market in terms of revenue, owing to the growing adoption of advanced technology over conventional methods. East Asia is expected to offer lucrative opportunities for the phytopathological disease diagnostics market during the forecast period.

Advanced Technology Coupled with Product Launches are Winning Strategy Followed by Manufacturers

Advancements in diagnostic technology and more product availability in order to streamline their product offerings in respective regions with diverse product portfolios are aiding market players gain increased share. In January 2021, Agdia launched a rapid molecular assay to detect Dickeya spp. causing blackleg disease on potatoes.

More Valuable Insights on Phytopathological Disease Diagnostics Market

Future Market Insights brings a comprehensive research report on the forecast revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each segment from 2014 to 2029. The global phytopathological disease diagnostics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provide compelling insights on the phytopathological disease diagnostics market on the basis of product (kits, lateral flow devices, DNA/RNA probes, accessories, other consumables, and software and cloud databases), test (molecular tests, serological tests, and tests using electronic technology), sample (grains, plants, trees, fruits, and others), and end user (agricultural laboratories, academic and research institutes, food processing laboratories, contract research organization, and others), across seven major regions.

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• Comprehensive analysis on evolving purchase pattern across different geographies
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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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Sales of Rotary Vane Refrigeration and Air Conditioning Compressors to Surge in Line with Increasing Transportation Applications, FMI

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

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

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

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

East Asia to Offer Lucrative Opportunities

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

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

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

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

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

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

Refrigeration and Air Conditioning Compressors Market: Vendor Insights

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

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

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Key Segment Refrigeration And Air Conditioning Compressors Market By Category

Cooling Capacity :

  • Less than 5 kW
  • 5 to 30 kW
  • 30 to 100 kW
  • 100 to 300 kW
  • 300 to 500 kW
  • 500 to 1000 kW
  • Above 1000 kW

Product Type :

  • Rotary Vane
  • Scroll
  • Reciprocating
  • Screw
  • Centrifugal

Refrigerant Type :

  • R410A
  • R407C
  • R404A
  • R134A
  • R290
  • R744
  • Others

Application :

  • Residential
  • Commercial
  • Medical & Healthcare
  • Industrial
  • Transportation

End Use :

  • Refrigeration
  • Air Conditioning

Region :

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

FMI’s Report Highlights Accelerating Sales of Portable Gasoline Generators as Demand for Noise and Weight Reduction Prevails

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

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

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

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

North America to Capture Significant Market Share

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

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

Commercial Sector to Remain Key Consumer of Gasoline Generators

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

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

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Gasoline Generator Market: Vendor Insights

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

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

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

Odour Control System Market Study: Opportunities to Remain Concentrated in Chemical & Petrochemical Industry

The newest market research study by Future Market Insights on odour control system includes the global industry analysis for 2014–2021 and market forecast for 2022 – 2029. The study observes the odour control system market and offers detailed perceptions for the forecast period of 2022-2029.

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According to the analysis and study done in the report, the global odour control system market is anticipated to observe prominent progress, due to increasing adoption in the chemical industry.

The odour control system market is estimated to be valued at ~ US$ 1 Bn in 2022, and is projected to increase by ~ 5% CAGR during the forecast period of 2022 – 2029.

The odour control system market has a high potential to grow in regions such as Asia Pacific Excluding Japan (APEJ) and North America. Significant innovations with incorporation of advanced technologies meeting regulations are expected to emerge as a product differentiator in the odour control system market.

Installation of hybrid odor control systems and demand for advanced and cost-effective odour control system from various industrial and government entities have increased significantly. This growing demand for progressive products generates pressure on manufacturers to deliver technologically-advanced and unique product offerings.

Thus, technological advancements have led to noteworthy investment in research and development by manufacturers. Manufacturers in the odour control system market are constantly focusing on developing unique technologies, which help them differentiate their products and earn a competitive edge.

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Odour control systems play a crucial role in wastewater and solid waste treatment facilities. Individual odour control systems can be installed at various locations in a single wastewater treatment facilities, or a centralize system could be installed for low capacity plants.

Increasing investment for the effective and efficient waste management, establishment of new plants and capacity increase of existing facilities, and also  growing intolerance towards odours, are factors expected to increase the demand for odour control systems in near future.

Japan to Provide Noteworthy Growth Opportunities for Manufacturers

The ongoing technological advancements and progression in investment for the storm water management projects and wastewater treatment facilities are expected to grow significantly over the forecast period. Odour control system manufacturers are focusing more on improving their market structures and offerings in the region.

Emphasis on trade balance and increasing production by strengthening the manufacturing sector is currently the prime motive of the government in Japan. Also, the adoption of ‘best available technique’ is prominent in the country, which is likely to propel the demand for advanced odour control system.

Japan has large installed base of odour control systems which are likely to get regular up gradation and replacements. Considering the average life of the odour control systems and the install base, the market in Japan is estimated to surge in next few years.

For the global odour control system manufacturers, Japan is projected to be a prominent market throughout the forecast period, owing to the increasing consumption and production of odour control systems across several industries.

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Chemical & Petrochemical Industry to Capture Prominent Share

The division of the global odour control system market has been done on the basis of application, along with six regions.

  • High application potential of odour control system is identified in chemical & petrochemical industry. These industries produce odorous compounds such as hydrogen sulfide, ammonia,mercaptansand several others.The air contains odorant molecules, which must be treated to avoid corrosion and to comply with environment regulations, hence mandating the use of odour control systems in chemical & petrochemical industries.
  • Waste treatment and disposal plants are a major source of odour emission. The effluents and vapors coming from these sources are of different and unpredictable composition. Hence, it becomes a necessity to install a combination of odour controls systems at these locations, thereby potentially influencing the market growth.

Odour Control System Market: Vendor Insights

The global odour control system report emphasizes on some of the principal industry players. Some of the key players include Babcock & Wilcox Enterprises, Inc., CECO Environmental., Anguil Environmental Systems, Inc., Evoqua Water Technologies LLC, Scotmas Limited, Ecolab Inc., Tholander Ablufttechnik GmbH,among others.

Odour Control System Market by Category

System :

  • Physical Odour Control
    • Adsorption System
    • Ozone Generators
  • Chemical Odor Control
    • Chemical Scrubbers
    • Thermal Oxidizers
  • Biological Odour Control
    • Biofilters/Biotrickling Filters
    • Bio Scrubbers

Application :

  • Waste Treatment Facilities
  • Food & Beverages
  • Pulp & Paper
  • Chemical & Petrochemical
  • Other Industries

Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • MEA

Global Industrial Robotics Market Is Estimated To Surpass US$ 96.82 Bn By The End Of 2028

The global industrial robotics market is estimated to surpass US$ 96.82 Bn by the end of 2028. Rising emphasis on enhancing the productivity of high-volume production lines, particularly in the manufacturing of semi-conductors and electronic devices is favoring the growth in the market.

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Demand in the global industrial robotics market to topped US$ 28.90 Bn 2021, exhibiting growth at 12.7% CAGR between 2013 and 2021. The sales of industrial robotics are estimated to rise by 3.35x over the forecast period 2022-2028.

Industrial robots are automated machines, gaining immense popularity across industries such as food & beverage, electronics, metal & machinery, and semi-conductors owing to their benefits such as increasing rate of operation, cost reduction, and quality enhancement.

These technologies are increasingly being used for large number of applications including painting, assembly, welding, palletizing, packaging & labeling, and product inspection.

Driven by this, industrial robotics accounted for more than 40% of the sales in the global robotics technology market in 2020.

East Asia is estimated to hold significant market share in terms of value in the global industrial robotics market. However, the South Asia market is projected to project lucrative growth in the global industrial robotics market over the forecast period of 2022-2028. This growth is propelled by the rapid growth in the factory automation rate in countries of South Asia and East Asia such as China, India, and Vietnam, among others. The economic condition of these countries have been evolving positively.

Furthermore, macroeconomic factors such as growing population, rapid industrialization, and urbanization, are some of the factors driving the growth of the industrial robotics market. The automotive industry in East Asia has gained a considerably positive momentum over the past years, which has increased the adoption SCARA robots and articulated robots in the manufacturing process and is estimated to indicate the rewarding growth of industrial robotics market in the East Asia region.

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Automotive Industry to Remain Key End-use Industry of Industrial Robotics

The global market of industrial robotics has been segmented on the basis of different types of industrial robots, their multiple applications, end use industries, and regions such as North America, South Asia, Europe, East Asia, and the Rest of the World.

By product type, the articulated robots segment is estimated to hold a significant share of the global industrial robotics market in terms of value. This has mainly resulted from the rising productivity in manufacturing processes and improving quality of products. On the basis of end use, the automotive industry is estimated to hold substantial market share of the industrial robotics market in terms of value. This is driven by digitalization of manufacturing processes. Moreover, it is expected that the application of industrial robotics in the electrical/electronics industry will be prominent throughout the forecast period.

On the basis of application, the handling operations segment is projected to consume majority share of the global industrial robotics market value. Also, the welding segment is estimated to project lucrative growth in the industrial robotics market over the forecast period.

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Industrial Robotics Market by Category

By Product Type :

  • SCARA Robots
  • Delta Robots
  • Cartesian Robots/ Gantry Robots
  • Articulated Robots
  • Collaborative Robots (limited segments)
  • Dual-arm Robots

By Application :

  • Assembly/Disassembly
  • Clean Room
  • Dispensing
  • Handling Operations
  • Processing/Cutting
  • Welding
  • Painting & Coating
  • General Applications

By End Use :

  • Automotive Industry
  • Electrical/Electronics Industry
  • Rubber & Plastics Industry
  • Metal & Machinery
  • Food & Beverages
  • Plastic & Auxiliary Chemical Products
  • Auxiliary Industries
  • Bulk Commodities & Materials

By Region :

  • North America
  • Europe
  • South Asia
  • East Asia
  • Rest of the World

Demand for Industrial Condensing Units to Strengthen in Emerging Economies, Lucrative Applications Identified in HoReCa & Construction

Demand for Industrial Condensing Units to Strengthen in Emerging Economies, Lucrative Applications Identified in HoReCa & Construction. At an estimated 4.6% Y-o-Y increase in the revenue over 2021, the industrial condensing units market is set to exceed the US$ 10 Bn mark in 2022. Nearly 3/4th of the total sales of industrial condensing units is accounted by the end use in commercial refrigeration, followed by industrial refrigeration.

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As indicated by a recent research study presented by Future Market Insights (FMI), more than 65% of end users prefer air-cooled industrial condensing units over water-cooled variants, at a global level. Moreover, although retrofitting of older condensing units is gaining popularity over the recent past, FMI’s analysis highlights that an approximate 85% of revenue continues to pour in from new installations of industrial condensing units.

With a significant incremental opportunity anticipated for the near future, outdoor-based refrigeration applications will continue to gain higher traction in the industrial condensing units market. According to the report, nearly 3/5th of the total demand for industrial condensing units is generated from outdoor-based refrigeration application areas.

China & India Emerging as Strong Investment Pockets for Manufacturers

The construction industry in developing regional markets, particularly in India and China, are clearly outgrowing other markets. This, in turn, is expected to support the growth of the industrial condensing units market, as the construction-driven increase in the net national per capita income will boost the demand for consumer appliances, including industrial condensing units.

Also, growing GDP of several countries, escalating per capita income and spending, and heavily rising demand for efficient cold chain are expected to extend strong support to existing demand growth of industrial condensing units.

Furthermore, China and India are likely to witness a significant surge in the sales of refrigeration units in coming years, driven by commercial refrigeration applications as a result of brisk expansion of both construction industry and the HoReCa (hotels, restaurants, cafés) sector. These countries are thus highly likely to establish a strong base for the expansion of industrial condensing units market in the forthcoming years.

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Chinese manufacturing enterprises of industrial condensing units have begun to flourish recently. China has been a prominent influencer in the market in terms of agricultural and animal products, with an annual value of over US$ 300 billion. However, the prevalence of inadequate chilling facilities will continue to procure new opportunities for the development of infrastructure and thereby, reinforcing the demand for industrial condensing units.

On the other hand, mature markets for industrial condensing units in North America and Europe will observe modest growth and new installations will remain prominent.

Manufacturers Targeting Specific Customer Demands, Emphasizing Competitive Pricing Strategy

Industrial condensing units are prominently sold by wholesalers and distributors specialized in furnishing on-site cold storage. Manufacturers involved in the designing and developing of industrial condensing units are poised to enhance their geographic reach and production capabilities in low-cost regions.

A majority of manufacturers of industrial condensing units are also prioritizing catering to specific customer demands at attractive prices, which will majorly rely on economic tiers and spending capabilities of customers.

Moreover, the report opines that the leading companies in industrial condensing units market will intensify the focus on stronger distribution networks, more powerful customer engagement, and unique portfolio of their offerings. Regional dietary patterns, as continue play a vital role in creating potential opportunities for the penetration of industrial condensing units, will be considered imperative for technological and other innovations, by manufacturers.

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Regional dietary patterns, as continue play a vital role in creating potential opportunities for the penetration of industrial condensing units, will be considered imperative for technological and other innovations, by manufacturers.

The report has covered detailed strategic profiles of some of the key manufacturers operating in the industrial condensing units market, including Emerson Electric Co., Embraco, Tecumseh Products Company LLC, The Danfoss Group, Mitsubishi Electric Corporation, GEEA Group AG, Bitzer SE, Daikin Applied Systems Co. Ltd., and Hasegawa Refrigeration Ltd.

Increasing Applications in Waste Management Sector Shaping Loader Bucket Sales, Finds FMI

Loader buckets have been used as an attachment in material handling equipment to load the debris of solid materials from the generated site towards other places or loading in the transporting vehicles. The loader bucket market will reach US$ 3 Bn in 2022 and see a promising CAGR over the forecast period (2022 – 2029).

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The market growth would rely directly on the growth pace of mining and construction industries estimated to be in the range of 3 – 4%, respectively. Yet, the market is expected to have a notable spur in demand from the waste recycling and management sector. Loader buckets are being increasingly utilized in these industries with demand driven by off-road heavy vehicles that are employed in waste management & recycling, construction, and mining activities.

Loader Bucket Market Key Takeaways

  • With healthy investments and implementation of construction projects undertaken by public and private sectors, global material handling equipment fleet and subsequent sales are expected to augment, including the sales of associated accessories and components such as bucket loaders.
  • According to the United Nations, for sustainable development, Asia Pacific would need about US$ 1.5 Tn spending on infrastructural investment, which is equivalent to 5% of the region’s GDP in 2018.
  • Observing the trends in the mining sector, it has been inferred that demand for loader buckets is expected to be generated mainly from surface/open pit mining for ferrous minerals and coal, with the Americas and Asia Pacific being major mining hubs.
  • General purpose buckets are the most recognizable loader buckets as they are capable of accomplishing versatile tasks such as dredging, mining, demolition, excavation, landscaping, landfilling, grading, and heavy lifting in harsh environments. This configuration is estimated to capture almost one-third of the global loader bucket market share.
  • Since waste management has strong linkage to many global challenges, the incorporation of waste recycling facilities in many countries such as the U.S., Germany, South Korea, and China has increased, in turn, creating substantial market space for loader buckets.

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Construction and mining sectors at present are the chief employers of bucket loaders. However, the market will witness a significant impetus from waste management sector in the near future.

The loader bucket market is estimated to be a fairly consolidated market, where market players such as Komatsu Ltd., Caterpillar Inc., and Deere & Company are expected to continue witnessing strong sales order inflow and retain their dominance throughout the forecast period.

Brief Synopsis

The construction industry is playing a pivotal role in the loader bucket market and is expected to bag high volume orders of loader buckets in the global market. Though the mining industry is in a recovery phase in Europe, the region is expected to demonstrate moderate growth in the loader bucket market, backed by favorable end-use industry dynamics and increasing concerns towards waste management. Manufacturers of loader buckets are aiming to offer low lifecycle cost and durable loader buckets.

What Does the Report Cover?

The global loader bucket market study published by FMI offers an exhaustive analysis for the forecast period of 2022-2029. The loader bucket study details market demand across all the regions and the identified emerging countries.

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The research also highlights upon competition scenario, demand-supply trends, key consideration of suppliers, and economic factors influencing the global loader bucket market. Additionally, the study also explains value chain potential in the global loader bucket market.

Loader Buckets Market by Category

By Capacity :

  • Below 1 yd3
  • Between 1 yd3 to 5 yd3
  • Above 5 yd3

By Bucket :

  • General Purpose Buckets
  • Light Material Buckets
  • Heavy Duty Buckets
  • Multi-purpose Buckets

By Loader :

  • Excavators
  • Wheeled Backhoes
  • Wheeled Loaders
  • Skid Steer Loaders
  • Others

By Application :

  • Rock
  • Woodchip
  • Coal
  • Sand & Gravel
  • Waste Handling
  • High Dump

By Fit Type :

  • First Fit
  • Re-Fit

By End Use :

  • Construction
  • Mining
  • Waste Management & Recycling

By Region :

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

 

Sales of Synchronous Condensers Receiving Significant Impetus from Renewable Energy Plants, Says FMI

Future Market Insights has recently published its latest report on the synchronous condenser market, which includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report explores the synchronous condenser market and highlights important insights during the forecast period of 2022-2029.

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As per the key findings, the global synchronous condenser market is anticipated to experience prominent growth over the forecast period, due to multiple driving factors such as increasing number of HVDC projects in developing economies such as India, Indonesia, China, and conversion of conventional generators & cooling plants to synchronous condensers.

The global synchronous condenser market value at US$ 1.01 Bn in 2022, and is estimated to increase at a CAGR of 8.2% during the forecast period of 2022-2029. This growth is majorly driven by the integration of renewable energy through solar and wind power plants and increasing installation of synchronous condensers to carry robust functioning of the power plants.

Rapid inclination towards wind and solar energy, in an attempt to reduce the dependency on fossil fuels has been generating significant demand for synchronous condensers in recent years. According to FMI analysis, manufacturers are setting their sights on countries, such as China which is making great strides to increase energy production from non-fossil fuel sources.

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Newer Opportunities Identified in Middle East & Africa

Regions such as North America and Europe, are likely to hold prominent market shares in terms of value. However, the South Asiam market is estimated to project lucrative growth in the global synchronous condenser market over the forecast period of 2022-2029. This growth in the region is propelled by the rapid technological advancements and growing number of HVDC projects in prominent countries such as India and Indonesia, among others.

Furthermore, the market of synchronous condensers is expected to grow predominantly in prominent countries of Middle East and Africa including Saudi Arabia, Kuwait, Qatar, Abu Dhabi, Nigeria, and U.A.E., owing to various macroeconomic factors such as growing urbanization, stable political & social backdrop, and rapid industrialization.

Increasing number of market players in the region have gained the confidence of foreign investors and grid operators to invest in the market. Moreover, refurbishment of synchronous condensers from old conventional plants and generators to new machines have added expressively positive momentum over the few past years.

Also, rapidly growing number of HVDC projects in MEA and installment of sustainable energy plants have boosted the demand for synchronous condensers to provide stability and robust functioning of power plants. These factors have resulted in significant growth of the synchronous condenser market in the region.

Rising Number of HVDC and Related Substation Projects Creating New Opportunities for Synchronous Condenser Manufacturers

The global market of synchronous condensers has been segmented on the basis of different types of synchronous condensers, their multiple applications, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and Africa.

  • By product, newly built synchronous condenser is likely to hold prominent value shares of the global synchronous condenser market. This has majorly resulted from the increasing adoption of synchronous condensers over conventional cooling gas plants and increasing installation of solar and wind farms in several countries.
  • On the basis of cooling, the water cooled segment is expected to consume majority share of the global synchronous condenser market value. This is driven by the increasing demand for water cooled synchronous condensers across several regions. Furthermore, it is expected that the application of synchronous condensers in power plants and other similar machines will grow prominently throughout the forecast period.
  • On the basis of power rating, synchronous condensers ranging from less than 50 MVAR and from 50 to 80 MVAR are expected to consume majority share of the global synchronous condenser market value. This is driven by the increasing construction of synchronous condensers under specified power ratings by key market players across several regions.

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Synchronous Condenser Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global synchronous condenser market. Some of the examples of key players in the global synchronous condenser market are ABB Ltd., General Electric, Siemens AG, Mitsubishi Electric Corporation, WEG, Eaton Corp. PLC, Voith GmbH, Ansaldo Energia, Toshiba Corporation, and Sustainable Power Systems Inc., among others.

The global synchronous condenser market is significantly consolidated with some players holding prominent shares of the market. These players are offering synchronous condensers under their business segments such as F.A.CT.S., and motors & generators, among others.

Sales of Fire Protection Systems for Industrial Cooking Remain Healthy, North America Accounts for over 25% of Global Sales

Prominently driven by rapid increase in establishment of food manufacturing and processing units, adoption of fire protection systems for industrial cooking is further fueled by industrial safety regulatory framework. The market build-up has been solid over the past decade and is set for a healthy CAGR of 6% during the forecast period (2022 – 2029).

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A new Future Market Insights (FMI) study reveals that Asian markets are turning highly lucrative for manufacturers of fire protection systems catering to industrial cooking sector, as Asia Pacific has been witnessing strong growth in the commercial kitchen and foodservice industry.

Key Takeaways – Fire Protection Systems for Industrial Cooking Market Study

  • Wireless, automatic, and compact designs in fire alarm systems that fit most industrial layouts, and are compliant with guidelines set by regulatory bodies such as NFPA, are projected to gain more relevance.
  • High installation and maintenance costs of wired alarms will result in reduced preference for these systems in the future.
  • Key players are focused on launching early suppression fast response fire sprinkler systems that are capable of releasing large volumes of water (100 gallons per min), and have improved response time.
  • North America currently represents more than a fourth of the global market value and will continue to lead its way in fire protection systems for industrial cooking market.
  • In the backdrop of a large number of fire incidents in the U.S., strategic collaborations between manufacturers and installers will complement the amplifying demand for fire protection systems in industrial cooking sector.
  • Increasing demand for commercially-prepared food has paved the way for a growing number of food joints and restaurant chains. Robust growth in food ventures has been witnessed in recent years, which is expected to reduce cooking activities within industrial and manufacturing unit premises.

Fire protection systems for industrial cooking are designed and installed in accordance with standards, codes, and rules that are based on actual fire tests. Product customization, with proven advanced fire protection system installations, will play a key role in the value chain of the market.

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Competitive Landscape Remains Fragmented

The market structure is considered to be fairly fragmented, with a large number of smaller companies offering identical products. Furthermore, growing number of players in the fire protection systems for industrial cooking market has been driving manufacturers to incorporate forward integration in terms of services, by offering installation, product consultancy, and aftersales support.

Key players such as Honeywell International Inc, Siemens AG, United Technologies Corporation, Emerson Electric Co., Johnson Controls International Plc, and Gentex Corporation hold a prominent share of market pie in terms of revenue, backed by long-term partnerships with consumers and well-established sales networks.

On the other hand, top manufacturers are strategically acquiring regional players, and retaining their brands to expand global presence. For instance, Johnson Controls International Plc provides safety services and solutions such as fire extinguishing systems under many brand names, including Ansul, Tyco Integrated Security, and Tyco SimplexGrinnell.

What Lies Ahead for Fire Protection Systems for Industrial Cooking Market?

Increased inclination towards performance efficiency will continue to be the prime driver for the development of technologically-advanced fire protection systems for use in various industries. Most customers are inclined towards purchasing fire protection systems with novel connectivity systems and reduced response times.

Fire Protection Systems for Industrial Cooking Market: Summary

Future Market Insights (FMI), in its new global fire protection systems for industrial cooking report, brings to fore an even-handed analysis of the global fire protection systems for industrial cooking market, offering comprehensive information with historical demand data for 2014 – 2021, and forecast statistics for 2022 – 2029.

The research study offers insightful aspects of the global fire protection systems for industrial cooking market based on various categories such as product type, end use, and region. A detailed value chain analysis regarding procurement, aftermarket services, and pricing analysis has been presented in the report.

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Fire Protection Systems For Industrial Cooking Market By Category

Product :

  • Fire Detection System
    • Flame Detectors
    • Smoke Detectors
  • Fire Management System
    • Fire Extinguishers
      • Water Extinguishers
      • Foam Extinguishers
      • Dry Chemical Extinguishers
      • CO2 Extinguishers
  • Fire Suppression System
    • Water Fire Suppression Systems
    • Gaseous/Clean Agent Fire Suppression Systems
    • Foam Fire Suppression Systems
    • Powder Fire Suppression Systems
  • Fire Response System
    • Emergency Lighting
    • Fire Alarm Devices

End Use :

  • Food Processing Units
    • Meat and Fish
    • Dairy Products
    • Sugar and Confectionery
    • Tortilla and Bakery
    • Other Food and Kindred Products
  • Industrial Kitchens

Region :

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

Industrial PC Market to Reach US$ 9.4 Bn by 2032; Innovation to be a Key Driver

The industrial PC market size was worth US$ 5 billion in 2021 and is expected to reach US$ 9.4 billion by 2032, increasing at a CAGR of 6% over the forecast period as indicated by the industrial PC market report by FMI.

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Automation, digitization, and other technological innovations propel the global industry forward as increased focus on automation and IoT, IPCs are primarily used in electronics and semiconductors, aerospace and military, and automotive manufacturing.

Industrial PC manufacturers are aggressively using the Industrial Internet of Things (IIoT) across various industries to maximize their resources and prices, which opens many industrial PC market opportunities. This enables them to automate production operations and generate a large volume of manufacturing data utilizing industrial PCs for data collection and management over a vast network of intelligent devices.

In the manufacturing industry, advanced industrial PCs are utilized to boost productivity, economy, and uptime, positively impacting the industrial PC market outlook. Industrial PCs are intended to collect data and process control operations in severe industrial environments.

These PCs help connect data, personnel, and equipment in real-time to oversee manufacturing operations. They also integrate systems in industrial operations, lowering total cost of ownership (TCO), improving productivity, and increasing uptime. As a result, the use of industrial PCs is likely to increase as the demand for industrial PC grows.

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Industrial PCs help manufacture plants boost productivity and efficiency by allowing for real-time planning, controlling, and monitoring processes.

Startups and SMEs are unable to afford the large sums required for procurement. Moreover, they’re employed in factory automation, which is one of the most expensive processes available, thus hindering the adoption of industrial PC.

Many unexpected costs, including R&D, preventative maintenance, and repairs, may offset the actual cost reductions from automating. The cost of training associated with the operation of industrial PCs and the space they use limits industrial PC market growth.

Industrial PCs’ operational efficiency is both an advantage and a hazard at the same time. It may offer security problems, but it makes it easier to scale up duties and integrate new features in one box, such as energy management, access control, condition monitoring, FSM, data transfer, and so on. As a result, OEMs and end users may be dubious about the overall capabilities, not just IPC models, which could impede the sales of industrial PCs.

On the whole, the industrial PC market share is expected to reach a valuation of US$ 6 Bn by 2026.

Key Takeaways

  • The manufacturing operations of many industries, including semiconductor, consumer electronics, and automotive, are predicted to grow dramatically in the APAC area.
  • In the year 2021, the industrial PC market size in the United States was worth US$ 1.1 billion.
  • China, the world’s second-largest economy, is expected to reach a market capitalization of US$ 901.7 million by 2026, representing a 6.5 per cent CAGR over the study period as per the emerging trends in the industrial PC market.
  • Japan and Canada are two other critical geographic markets, with forecasted growth rates of 3.5 per cent and 3.9 per cent, respectively, over the analysis period.
  • Over the projection period, the Semiconductor & Electronics segment is expected to increase at a rapid pace.

“Manufacturing companies witness a high demand for industrial IoT as the manufacturing sector steadily moves toward digitalization with increased awareness of resource optimization in manufacturing firms, and robust regulatory necessities to safeguard protection and reliability in production plants are all driving market growth.”—opines a FMI analyst.

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Competitive Landscape

For start-up enterprises, the industrial PC market offers reasonable prospects. These businesses can supply industrial PCs to the fast-growing energy, automotive, and oil and gas industries. The global study on the Industrial PC market states that the presence of established businesses with diverse product portfolios catering to many industries, on the other hand, enhances market competition.

For example, in September 2021, Rockwell Automation announced cooperation with Ansys, a Canonsburg and Pennsylvania-based American corporation. The company hoped to expand digital twin connectivity into industrial control systems with this relationship, allowing users to take advantage of industrial operations’ implementation, design, and performance.