Thermal Impulse Sealers Market Drivers, Application, Region Wise Trend, Participants, analysis report 2027

Thermal impulse sealers are used for continuous sealing of thermoplastic films of polyethylene and polypropylene. The efficiency of thermal impulse sealers depends on three prime factors: temperature, pressure and time of operation. As a result, the manufacturers have developed time-controlled thermal impulse sealers, which dynamically control the action of sealing depending on the material type.

The heating element is also furnished with electrical insulation and a non-stick coating. Thermal impulse sealers are easy-to-use, low-cost and reliable products used across a number of end-use industries, but sometimes too much heating or pressure may deteriorate the material to be sealed, as a result alternative technologies for sealing are expected to gain popularity over the coming years.

 

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Global Thermal Impulse Sealers Market: Dynamics

Drivers:

The global market for thermal impulse sealers is foreseen to create lucrative opportunities owing to numerous benefits such as ease of use, low energy cost, lightweight, and safe for operation.

With the steady growth of major end-use industries, such as food and beverage, and medical packaging, among others, there has been a rapid growth in the demand for thermal impulse sealers. The growing consumption of frozen and packaged food will in turn drive the growth of thermal impulse sealers market.

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Restraints:

One of the major challenge faced by the global thermal impulse sealers market is the use of alternative technologies, such as induction sealing, which is a non-contact sealing process. Other technologies such as ultrasonic sealing are also gaining popularity, which is expected to hinder the growth of the market.

Trends:

The market for thermal impulse sealers is highly fragmented with a large number of local/regional players. As a result, in order to win an edge the manufacturers are focusing on the development of products for specific applications such as potable heat sealers, which can be used to seal odd-shaped products, such as drum box liners and large furniture. Additionally, the reliability of the product is also a distinguishing factor. The manufacturers are offering extended warranty on their products.

The time-controlled thermal impulse sealers adjust the heat dynamically on the surface and increases or decreases the pressure. Thus, the product innovation has been a trend in the global thermal impulse sealers market.

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Global Thermal Impulse Sealers Market: Regional Outlook

Asia Pacific is expected to dominate the global thermal impulse sealers market, with China being a major player. The steady growth of the manufacturing sector is anticipated to drive this demand. North America and Europe are also expected to hold significant share in the global thermal impulse sealers market owing to the growing demand for frozen and packaged food. The Middle East and Africa is expected to grow at a relatively higher CAGR over the forecast period.

The major demand is expected to come from food packaging and construction sectors. Japan is expected to show sluggish growth over the forecast period owing to the mature nature of the economy. Latin America, on the other hand, is estimated to be a low volume-high growth region and is expected to witness significant growth over the later half of the forecast period, owing to the economic slowdown in the region.

Global Thermal Impulse Sealers Market: Market Participants

Examples of some of the market participants identified across the value chain in the global thermal impulse sealers market are:

  • Sorbent Systems
  • Vertrod, Promarks Inc.
  • Accu-Seal SencorpWhite Inc.
  • TOSS GmbH & Co. KG
  • Innotech Products Inc
  • Audion Packaging Machines
  • American Screening Corporation, Inc.
  • IMPAK CORPORATION

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

The report covers exhaust analysis on:

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

External Pacemakers Market to Garner Brimming Revenues by 2028

External Pacemakers Market Overview

An external pacemaker is an artificial device intended to regulate the electrical conduction system of the heart by generating an electrical impulses delivered by electrodes placed on the patient’s chest. The regulation of the electrical conduction system of the heart results in maintaining an adequate heart rate in cases, where the heart’s natural pacemaker is irregular, or there is a block in the heart’s electrical conductive system due to cardiopathies. The primary indication of transcutaneous pacing is irregular beating of the heart (bradycardia). The external pacemakers are indicated for short-term demand pacing for therapeutic, prophylactic, or diagnostic purposes. External pacing should not be used for extended periods and serves as an emergency procedure until permanent implantable pacers are employed or the condition is mitigated using drug treatment.

External Pacemakers Market: Drivers and Restraints

The growing demand generated due to increasing incidence of bradycardias owing to cardiopathies such as myocardial infarction, sinus node dysfunction and complete heart block are the prime clinical drivers of the external pacemakers market.

According to the center for disease control and prevention, about 610,000 U.S. citizens die of heart disease each year with more than half of the deaths due to heart disease are in men. Coronary heart disease (CHD) is the major heart disease, resulting in over 370,000 deaths each year. The statistics also point to the fact that about 735,000 Americans suffer a heart attack each year. Speaking in economic terms, heart disease costs about obesity $200 billion each year to the U.S. exchequer, which includes the cost of health care services, medications, and lost productivity. Thus a large external pacemakers market is well evident even to an untrained eye.

The demographic drivers of the external pacemakers market include growing geriatric population, sedentary lifestyles, obesity, substance abuse, fatty food and others. The growing incidence of diseases such as diabetes, and hypertension indirectly aid the market growth as they result in greater risk of developing cardiopathies. According to the center for disease control and prevention, approximately 75 million Americans representing 32 % of the population suffer from hypertension.

Technological advancements resulting in product development such as the development of demand external pacemaker, which activates only when it senses inadequate heart rhythms and thereby avoids competition with the hearts own natural pacemaker is driving a faster external pacemakers market adoption. Technological gains represent a significant market opportunity as they are expected to generate high impact on patient care. Technologies such as remote wireless remote monitoring systems, advanced data analysis and recording resulting in plethora of information on patient health and device status is expected to result in growing functionality and market adoption. miniaturization is another trend, which is expected to boost the external pacemakers market growth.

However, the high cost of external pacemakers, competition from drug therapy, scarcity of trained manpower, the lower per capita income of the developing world is hampering the external pacemakers market.

External Pacemakers Market: Overview

The global market for external pacemakers is expected to charge owing to lowering of stringency of regulations. The U.S. The FDA has issued a proposal to lower the risk classification for external pacemaker pulse generators from Class III to Class II. However validation of effectiveness remains a prime criteria for market approval.

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External pacemakers Market: Regional Wise Outlook

The global external pacemakers market can be classified into the following region: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America, led by the U.S., is expected to account for the largest share in the global external pacemakers market, owing to the large demand, large healthcare expenditure, and large per capita income in the region.

The Asia Pacific external pacemakers market excluding Japan is projected to expand and dominate the scene in the near future, owing to the growing healthcare and large specialty hospitals.

China and India are anticipated to account for the major share of the Asia Pacific external pacemakers market growth. Germany, France and the U.K., are projected to be the largest drivers of the Europe external pacemakers market. The Middle East and Africa External pacemakers market is anticipated to be dominated by the gulf economies of Saudi Arabia, Kuwait, UAE and Qatar.

External Pacemakers Market: Market Participants

Some of the major vendors operating in the global external pacemakers market are Medtronic, OSCOR Inc, OSYPKA AG, Boston Scientific Corporation, Fluke, Shree Pacetronix Ltd., Abbott, Avery Biomedical Devices, Inc., St. Jude Medical, and others.

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

The external pacemakers report covers exhaustive analysis on,

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

Regional analysis includes,

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Western Europe (Germany, Italy, U.K., Spain, France, Nordic countries, BENELUX)
  • Eastern Europe (Russia, Poland, Rest of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, Rest Of MEA)

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Stainless steel welded pipe market is expected to grow at 4.6% CAGR during 2021-2031: FMI

The global stainless steel welded pipe market is expected to reach US$ 16.36 Bn in 2021 with a stable long-term projection, according to the latest insights from Future Market Insights, ESOMAR-certified research and consulting firm. The report offers an analysis of 20+ high-growth markets, providing detailed insights on the stainless steel welded pipe market’s growth in the next decade.

Demand for stainless steel welded pipes decelerates as operations across construction, automotive, water supply and distribution, oil and gas, petrochemical and fertilizers, power generation, and other sectors were hampered amid the COVID-19 outbreak. However, considering the possibility of a stimulus for infrastructure projects in many countries, the long-term outlook of the market remains positive.

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The surge in demand for stainless steel welded pipes from applications such as oil and gas will remain a chief growth driver due to the presence of oil rigs all over the globe. For the transportation of the fluid from one place to another, a large quantity of pipes is required, which will drive the sales in the market. The same applies to the water supply and distribution segment because the demand is expected to surge amid the rising need for an uninterrupted water supply.

The replacement of old pipes with new stainless steel welded pipes can also provide a boost in the sales of stainless steel welded pipes. The substantial increase in the demand from the supplier side and from the end-use industries across the globe is propelling the stainless steel welded pipe market growth.

The use of stainless steel welded pipes in construction and automotive and power generation applications will create solid opportunities for growth. According to FMI, the construction sector is expected to account for nearly 29% of sales in the market by 2031. Investment in residential, commercial, and infrastructural construction projects will increase in the future, paving way for the expansion of the market.

Stainless Steel Welded Pipe Market Key Takeaways

  • The stainless steel welded pipe market is expected to grow at 4.6% CAGR between 2021 and 2031
  • Investment in construction projects will remain a chief growth driver in the U.S., enabling it to account for nearly 72% of sales in North America
  • Focus on improving public infrastructure will drive growth in the U.K. market at 5.5% CAGR between 2021 and 2031
  • India is expected to register increasing investment in water supply and distribution to ensure safe drinking water to all citizens and support industrialization. This will create attractive opportunities for stainless steel welded pipe sales
  • China will emerge as a highly lucrative market in East Asia, accounting for maximum sales of stainless steel welded pipes

“As competition continues to grow, companies operating in the market are likely to adopt strategies for strengthening their global footprint. Besides expanding operations across emerging nations, they are likely to focus on launching better quality stainless steel welded pipes to gain competitive edge” says FMI analyst.

The stainless steel welded pipe market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of construction, oil & gas, and water supply and distribution, majorly focusing on the outer diameter required for the specific applications. Collaboration with local players and developing new technology in the form of advanced stainless steel welded pipes is a prime strategy expected to increase in popularity in the forecast period.

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Will Growing Automotive Industry Propel the U.S? Market Growth?

The U.S. stainless steel welded pipe market is expected to rise at 4.4% CAGR between 2021 and 2031. The growth forecast for the U.S. market remains positive on account of the increasing demand from the automotive industry and construction industry. The U.S. automotive industry not only produces vehicles for domestic sales, but also exports vehicles, and to fulfill the demand auto industry players have to manufacture efficiently. Stainless steel welded pipes are used for making mufflers and exhausts in the automotive industry, which propels the growth of the stainless steel welded pipe market in the United States.

How is Germany relevant to the Stainless Steel Welded Pipe market?

After a brief period of declining growth in 2020, the German market is expected to register 4.3% y-o-y growth in 2021. The German stainless steel welded pipe market will witness an appreciable growth on account of the increasing demand from the automotive and aerospace industries. Germany comes under the tag of the top 10 steel-producing countries with a market volume of 39.7 Million Tons in 2019. Stainless steel which is made in Germany is also very popular in sales due to its lower carbon content and is softer which makes them more durable than American grade Stainless Steel.

Stainless Steel Welded Pipe Market Segmentation

By Grade

  • 300 Series
    • 304, 304L & 304H
    • 309 & 310S
    • 316, 316L, 316H, 316TI
    • 321/321H
    • 347/347H
  • 400 Series
    • 409
    • 410/410S
  • 900 Series
  • Nickel Alloy Grade
    • Duplex 2205
    • Duplex 2207

By Application

  • Construction
  • Automotive
  • Water Supply and Distribution
  • Oil and Gas
  • Petrochemical and Fertilizers
  • Power Generation
  • Others

By Outer Diameter

  • 4 – 36mm
  • 36 – 60 mm
  • 61 – 150 mm
  • 151 – 500 mm
  • 500 – 1000 mm

By Region

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

Stainless Steel Welded Pipe Market Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are Marcegaglia, Sosta GmbH & Co. KG, ArcelorMittal S.A., Nippon Steel, Hyundai Steel Co., Ltd, Sandvik AB, Shanghai Metal Corporation, FROCH ENTERPRISE CO., LTD., F.E.R. Fischer Edelstahlrohre GmbH, YC Inox, JFE Steel Corporation, CSM TUBE spa, Guangzhou Pearl River Petroleum Steel Pipe Co., Ltd., Guangdong Lizz Steel Pipe Co, Ltd., Foshan Zhongde Stainless Steel Co., Ltd. & others.

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Get Valuable Insights into Stainless Steel Welded Pipes Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global stainless steel welded pipes market, presenting historical demand data (2016-2031) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the market based on grade (300 series, 400 series, 900 series, and nickel alloy grade), application (construction, automotive, water supply & distribution, oil & gas, petrochemical & fertilizer, and power generation), an outer diameter (4 – 36 mm, 36 – 60 mm,  61 – 150 mm, 151 – 500 mm, and 500 – 1000 mm) across seven major regions.

Global Robotic Gripper Market is projected to increase at a CAGR of ~ 10% between the forecast period of 2019 and 2029 : FMI

The global robotic gripper market was valued at ~ US$ 1 Bn in 2018 and is projected to increase at a CAGR of ~ 10% between the forecast period of 2019 and 2029. This growth is significantly driven upsurge in the automotive and electronic & semiconductor industry, introduction of specific gripper portfolio, and rise in the robotic automation in specific regions such as East Asia.

A new market research study by Future Market Insights on the robotic gripper market contains global industry analysis 2014-2018 and opportunity assessment 2019-2029. The report investigates the robotic gripper market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global robotic gripper market is anticipated to experience substantial growth over the forecast period, due to multiple driving factors such as, use of smart materials for enhanced capabilities and growing horizon of applications along with increased number of end-use industries.

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Owing to the rapid growth of factory automation in East Asia and other nations including Singapore, Malaysia, and more, the demand for robotic grippers is expected to grow at an impressive pace. According to the FMI analysis, the onset of Industry 4.0 is further expected to increase the adoption of robotic grippers in smart factories.

Surplus Growing Opportunities in the East Asia Market

Japan being one of the significant countries in robotic automation is expected to show upsurge in the robotic gripper market. South Korea has a high number of robot-10,000 employee ratio, in which China is expected to register a high growth rate in recent years, owing to high labor costs and increased automation. These countries have a major share in the global robotic gripper market, hence East Asia is expected to generate substantial growth opportunities for the robotic gripper market.

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Use of Innovative Smart Materials to Surge the Market Growth

The global robotic gripper market has been segmented based on the different types of grippers, multiple jaw types, their multiple operations, different segments of applications, end use industry and regions such as Americas, EMEA (Europe, Middle East and Africa), SAP (South Asia Pacific) and East Asia.

  • Robotic gripper technology has been incessantly growing in the recent years, consecutively growing the robotic gripper market. Use of smart materials to make more adaptive and flexible grippers is taking place. More advancement is expected to happen in electric and pneumatic grippers which will help the robotic gripper market growth exponentially.
  • With respect to application robotic gripper market is expected to show a large growth in material handling segment as it is prominently used in end use industry. Followed by general assembly segment which is projected to have a fair share in the market growth.
  • Automotive industry is one of the significant drivers of the robotic gripper market followed by electronics and semiconductors industry. Availability of vast gripper range which are application specific in nature enhance the precision and speed requirement in these industries.

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Key Segment

By Product Type

  • 2-Jaw Grippers
  • Angular & 3-Jaw Grippers
  • O-Ring Grippers
  • Niddle Grippers
  • Vacuum Cups
  • Magnetic Grippers
  • Special Purpose Grippers
  • Others (Electrostatic, Bellow, Toggle)

By Application

  • Material Handling
  • General Assembly
  • Inspection & Others

By End Use

  • Automotive & Transportation
  • Electronics & Semiconductors
  • Food & Beverages
  • Chemicals & Pharmaceutical
  • Logistics
  • Healthcare
  • Others

By Region

  • Americas
  • EMEA
  • South Asia & Pacific
  • East Asia

Robotic Gripper Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global robotic gripper market. Few examples of key players in the market are

  • Soft Robotics, Inc., Piab AB, Applied Robotics, ABB Limited, Grabit Inc., Yaskawa America Inc., J. Schmalz GmbH, Festo AG & Co. KG, Onrobot, Bastian Solutions, COVAL VACUUM TECHNOLOGY Inc.,

and Brenton Engineering, among others. The global robotic gripper market players are primarily focusing on development of product, such as flexible robotic gripper, electrostatic robotic gripper, and vacuum robotic gripper, that can react more and more similar to human arm and has a wide range of payload capacity for different end use industries in order to gain greater share in the robotic gripper market.

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Walk-in Coolers and Freezers Market: Preference for Customized and Smart Machines Growing : FMI

Future Market Insights (FMI), in its new report, estimates worldwide sales of walk-in coolers and freezers at US$ 8.6 billion in 2019. Widespread consumer acceptance of frozen and processed food, along with a steep rise in the demand for efficient refrigeration facilities to store and maintain the shelf life of these products, allude a brighter future for the walk-in coolers and freezers market.

Digitalization and smart technologies continue to influence numerous product developments and demand-side dynamics, and walk-in coolers and freezers are no exception. As consumers show marked preference for efficient yet custom-sized units, manufacturers are leveraging technological advancements to develop unique product features that fulfil specific customer requirements.

“Walk-in coolers and freezers are witnessing transformations under the influences of smart technologies and digitalization, and consumer preference for customized yet efficient equipment has led manufacturers to emphasize application-specific features in new product development”.

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According to the study, key players in the walk-in coolers and freezers market also remained focused on improving energy efficiency of their products, considering the continuous changes in energy conservation standards for various commercial and industrial equipment including walk-in coolers and freezers. These players are continuously putting efforts on improving quality of their offerings, while investing in innovative developments that would yield substantial improvements for customers.

Gains Remain High from Commercial Kitchens & Restaurants

Walk-in coolers and freezers continue to gain high traction from commercial kitchens and restaurants, which are widely used to preserve raw foods and grocery items. As international fast food chains and café outlets continue to explore opportunities in various attractive destinations, demand of walk-in coolers and freezers has been on an upward swing across the globe.

North America and Europe have been the early adopters of commercial kitchens and restaurants; however, they are reaching their saturation point. Walk-in cooler and freezer manufacturers are tapping into opportunities in developing countries in East Asia, where multi-cultural environment, changing eating habits, and rising disposable income have opened avenues of growth for commercial kitchens and restaurants. Moreover, walk-in coolers and freezers market in East Asia is likely to take over the Europe market in the future.

According to the study, newer trends and rapid expansion of retail food & beverage sector also represent a significant source of demand for walk-in coolers and freezers. Picture-perfect stores are gaining high preference among today’s consumers, especially millennials obsessed with social media platforms. Such factor has forced the manufacturers to innovate and enhance the visual appearance of their products without compromising on the operational functions.

Walk-in coolers and freezers with self-contained refrigeration continue to account for higher share as compared to remote condensing and multiplex condensing. Considering the suitability of self-contained refrigeration in almost any application along with ease of service and maintenance, this category also continues to witness higher innovation and investments.

According to the study, the walk-in coolers and freezers market shows a high level of fragmentation, and therefore, several market players are focusing on forging strategic alliance with other players to improve their market shares. Manufacturers are also focused on offering products that can be custom designed to fit any settings along with several add-on features to increase convenience and ease-of-use.

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FMI’s research study also offers a long-term perspective and thorough analysis on opportunities present in the walk-in coolers and freezers market for the period between 2019 and 2029. As per the study, the global walk-in coolers and freezers market is projected to register a CAGR of 5.6% during the forecast period.

Walk-in Coolers and Freezers Market Key Segment

Product Type

  • Walk-in Cooler
  • Walk-in Freezer
  • Combo (Freezer + Cooler)

Place of Use

  • Indoor
  • Outdoor

Technology

  • Self-Contained
  • Remote Condensing
  • Multiplex Condensing

Door Type

  • Hinged
  • Power Sliding
  • Manual Sliding

Application

  • Cold Storage Warehouse
  • Breweries
  • Commercial Kitchen & Restaurants
  • Floral Storage
  • Pharmaceuticals
  • Chemicals
  • Research laboratories
  • Hospitals & Mortuaries
  • Mobile Refrigeration System
  • Retail Food & Beverage
    • Supermarket
    • Hypermarket
    • Convenience Stores
  • Other Stores

Sales Channel

  • OEM
  • Aftermarket

Mounting Type

  • Floor
  • Non-floor

Region

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

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

Woodworking Router Bits Market Value to US$ 150 Mn and estimated to exhibit a CAGR of close to 5% 2019-2029.

Router bits are used in several woodworking applications such as milling, drilling, grooving, profiling, engraving, carving, etc. High accuracy and precision of carbide-tipped router bits are giving them a competitive edge in the global market. High demand for design furniture is another plus point favoring market growth. Furthermore, high reselling value of carbide-tipped router bits as compared to high speed steel (HSS) is also expected to push the growth lever of the global market in the coming decade.

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According to a new research report published by Future Market Insights (FMI), the global  woodworking router bits market  is estimated to exhibit a CAGR of close to 5% during the forecast period of 2019-2029.

Key Takeaways of Woodworking Router Bits Market Study

  1. Woodworking router bits have prominent application in engraving and carving all kinds of wood such as chipboard, plywood, hardwood, and softwood, and play a crucial role in the furniture industry.
  2. Targeting the expanding DIY consumer segment, manufacturers are offering customized products, which facilitate effective usage in handheld operations such as drilling, cutting, milling, etc.
  3. The most common types of router bits available in the market are handheld router bits and CNC router bits. Handheld router bits are limited to specific applications, resulting in steady market growth, whereas, CNC router bits are versatile, providing lucrative business avenues for investors.
  4. Out of all woodworking operations, grooving holds a significant share, and is projected to witness maximum growth during the forecast years.
  5. In recent years, the market has witnessed price variations, owing to diversified product lines offered by manufacturers that target a broad clientele based on the type of woodworking operation.
  6. Growing usage of wood in the design of basic utilities in commercial construction is expected to further raise the demand for woodworking router bits

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“In the woodworking router bits market, products with high-end precision and durability are necessary for complex woodworking operations. Manufacturers are capitalizing on this trend by actively providing customized products for application-specific woodworking operations.”

Woodworking Router Bits Market: Competitive Landscape

The woodworking router bits market has become increasingly competitive as manufacturers are launching advanced products that offer various operational benefits and are compatible to the woodworking industry. There are a significant number of organized and unorganized players actively operating in the global market. Key players involved in the woodworking router bits market are Robert Bosch GmbH, Stanley Black and Decker, Kanefusa Corporation, Amana Tool Corporation, and CMT Utensili SpA, among others. The offering of versatile router bits can be a differentiating move for manufacturers in the global market.

Asia Pacific Offering Lucrative Opportunities for Market Growth

The woodworking router bits market is expected to gain significant traction in the coming years, owing to flourishing residential and commercial construction activities in developing economies of Asia Pacific. Rising demand from the furniture industry in the commercial and residential sectors is expected to drive the sales of router bits during the forecast period. Intense use of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to propel woodworking router bits market growth.

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More about the Report…

The research report provides thorough assessment and future forecasts of the woodworking router bits market on the basis of three primary segments listed as follows: operation, shank size, and tool type. The report provides comprehensive information about global market size, key market manufacturers, and regional perspective for the market. The report also provides important dynamics of the woodworking router bits market. Scope of the research includes handheld woodworking router bits with carbide.

Heat Pumps Market to Hit US$ 50 Bn Mark by 2030 and is estimated to expand at a CAGR of 5% : FMI

According to FMI’s recent study, the global heat pumps market was valued at around US$ 32 Bn in 2019 and is estimated to expand at a CAGR of 5% over the forecast period of 2020-2030, with a limited impact of the current pandemic situation on long-term growth forecasts. Increasing demand for tech-advanced cooling solutions with low carbon footprint, government initiatives to curb greenhouse gas emissions, and advancements in heating, ventilation, and air conditioning (HVAC) systems are factors contributing to the revenue pool of the global heat pumps market.

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Amidst the global health crisis, cooling as well as heating systems are critical to fulfil the immediate needs of consumers, such as providing thermal comfort in hospitals and homes, preserving food and medicines, and keeping data centers running. In line with this, refrigeration and heat pumps are essential for consumers.

As the world attempts to fight the COVID-19 pandemic, it has led to delayed production across several heat pump production facilities in major coronavirus hit countries such as the US, China, and Germany, This is expected to dampen heat pump sales by around US$ 1 Bn in 2020. Moreover, the COVID-19 pandemic will significantly impact consumer behavior in the short term, with domestic shipments from China for air source heat pumps (ASHPs) registering drop of over one-third in January 2020.

The global heat pumps market will witness v-shaped recovery growth, owing to rising inclination towards innovative construction solutions, especially in countries such as India, China, and Mexico.

Key Takeaways from Heat Pumps Market Study

  • Air-water heat pumps are finding immense use in domestic hot water, floor heating, and space heating/cooling applications.
  • Heat pumps having flexible or twin-speed features to reduce energy consumption and improve overall efficiency throughout are likely to garner substantial traction over the forecast period.
  • Demand for CO2 refrigerant heat pumps is expected to increase, given its excellent recyclability, low cost, and environment-friendly attributes.
  • Hybrid heat pumps are likely to see significant rise in adoption, owing to their high efficiency, lower energy consumption, and cost effectiveness as compared to other heat pumps.
  • Air-source heat pumps continue to grab huge attention of market players, owing to their low installation cost and high demand in North America and Western Europe.

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“As the world moves towards sustainable and green energy solutions, heat pumps are expected to replace conventional heating systems rapidly in the near term. In addition, the ongoing coronavirus (COVID-19) spread can alter how companies organize their supply chains in the coming years, with more stress being layed on decentralization”.

HEAT PUMPS MARKET TAXONOMY

The global heat pumps market is segmented into six segments in detail to cover every aspect of the market and present complete market intelligence to the readers.

Type

  • Air-water Heat Pumps
  • Air-air Heat Pumps
  • Ground Source Heat Pumps
  • Hybrid Heat Pumps

Power Source

  • Electric
  • Others (Gas Driven)

End User

  • Residential
  • Commercial
  • Industrial

Refrigerants

  • HFC
  • CO2
  • Ammonia
  • Hydrocarbon
  • Others

System Type

  • Air-source Heat Pumps
  • Ductless Mini-split Heat Pumps
  • Geothermal Heat Pumps
  • Absorption Heat Pumps

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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Heat Pumps Market: Competitive Landscape

The study provides vital insights of the competition landscape in the heat pumps market, along with various strategies adopted by prominent players. The global heat pumps market is fairly competitive, with manufacturers offering identical products. Some of the key manufactures in the heat pumps market are Panasonic Corporation, Mitsubishi Electric Corporation, Daikin Group, NIBE Group, and Danfoss Group Global.

Market participants are investing in R&D activities to develop new products with better energy efficiency, and are also focusing on providing aftersales services.

Consumer Appliances Market and offers actionable insights on its growth prospects for the period 2019 and 202

Future Market Insights (FMI), in its new study, analyzes the consumer appliances market and offers actionable insights on its growth prospects for the period 2019 and 2029. According to the study, worldwide sales of consumer appliances reached 1.27 billion units in 2018, and are estimated to register a Y-o-Y growth of 3.7% in 2019. The study opines that the impact of smart technologies is being witnessed in the market, with many players launching connected and smart devices to meet consumer expectations.

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Rapid digitalization and strong knowledge regarding use and efficiency of modern appliances have been largely contributing to the market growth. Steady economic growth in several countries and rising need for comfort are influencing consumers to upgrade their existing appliances to smarter variants. In addition to providing convenience, reducing manual efforts, and saving time, manufacturers are focusing heavily on product innovations to satisfy the evolving needs of their customers.

Technology is surely bringing a paradigm shift in consumer appliances industry, and FMI’s study analyzes that stakeholders are helping consumers achieve their energy conservation goals through green technologies and sustainable-centric innovations. Impressive developments in smart connectivity area are also set to gain momentum in the coming years, representing a substantial competitive advantage for the market players.

White Goods Capture Robust Share over Brown Goods

According to the study, white goods such as refrigerators, washing machines, and air conditioners have garnered relatively high traction as compared to brown goods. In recent times, these products have become standard in almost every household, backed by availability at affordable prices. Additionally, provision of smart connection in white goods, along with fast urbanization and rural electrification, especially in developing economies, remained instrumental in accelerating the overall sales of consumer appliances. Far from being confined to bigger appliances, manufacturers are also working on incorporating robotic technologies in small appliances to provide user-friendly interface and enable ease of operations.

As smart homes become a reality all over the world, the FMI study opines that demand for consumer appliances from households or domestic segment will continue to grow at a significant pace. Introduction of technologically advanced models which can be connected to smartphones and controlled remotely along with rise in per capita income is likely to remain a key to gaining distinct competitive edge.

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Key Segment

By Product Type

  • Kitchen Appliances
    • Refrigerators
    • Ranges and Ovens
    • Microwave
    • Conventional Grill
    • Dishwashers
    • Chimneys
    • Electric Stove
    • Induction Cooktops
  • Small Appliances
    • Hair Dryers
    • Irons
    • Toasters
    • Bread Makers
    • Coffee Machines
    • Grinders & Mixers
    • Food Processors
  • Washing Machine
  • Air Purifiers
  • Water Heaters
  • Water Purifiers
  • Cloth Dryers/Tumbler
  • Air Conditioners
  • Vacuum Cleaners

By End Use

  • Domestic
  • Professional
    • Hotels
    • Salon & Grooming Parlors
    • Cafeteria & Restaurants
    • Offices & Institute
    • Others

By Sales Channel

  • Offline
    • Organized Retailer
    • Unorganized
  • Offline
    • Company Direct Sales
    • Independent Vendor/E Commerce

By Region

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

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Opportunities galore for consumer appliances market stakeholders, as identified by FMI study with growing working population and rapid infrastructural development, resulting into increasing number of hotels, salon & grooming parlors, and quick service restaurants (QSRs).

According to the study, growth prospects of the consumer appliances market are high in Europe, owing to strong presence of reputed brands which continuously focus on fulfilling consumers need for appliances that can perform maximum tasks with minimal resources. Newer opportunities are expected in Asia Pacific stemming from a number of trends such as increased purchasing power, growing middle class population, advances in digital transformation, and favorable government policies that encourage the use of energy-saving appliances.

As the importance of internet increases and e-commerce sites see an upsurge, stakeholders are implementing omni-channel marketing strategy to reach wide range of customers across the globe. According to the study, sales of consumer appliances through online sales are likely to register a CAGR of 4% during the forecast period.

FMI’s business intelligence offers an incisive outlook on competitive scenario of consumer appliances market by discussing key strategies adopted by the players. The market shows a high level of fragmentation, with a large number of regional and local players restricting the geographical expansion of international companies. Prominent players are thus focusing on strategic collaborations and joint ventures for increased production capacities and enhanced customer base.

For additional insights on the consumer appliances​ landscape, write to the analyst at press@futuremarketinsights.com

End Suction Pump Market to expand at over 4.6% CAGR from 2021 to 2031: FMI

According to Future Market Insights (FMI), sales in the global end suction pumps market will be valued at over US$3.8 Bn in 2021, with a stable long-term projection. The report also estimates the market to expand at over 4.6% CAGR from 2021 to 2031.

[261 Pages Report] Global end suction pump market to register year-on-year (YoY) growth of 3.5% in 2021 to total 4.3 million units. As per the end suction pumps’ industry analysis, demand for close coupled pump will grow by 3.6% to total 3.6 million units by the end of 2021.

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Steered by surging application in commercial and industrial sectors alike, the sales of end suction pumps will represent 3% of global pumps market in 2021.

According to Future Market Insights (FMI), ongoing development and adoption of new technologies in the industrial sector is a key factor behind the surging demand for the end suction pumps in industries such as chemicals, petrochemicals, processed food & beverage, and others.

Rising expenditure towards infrastructural expansion, covering construction expenses hospitality and institutional sectors, has boosted the demand for end suction pumps for commercial applications. The future growth of end suction pumps’ market is expected to ride on the back of centrifugal pumps’ market growth.

Because of the global pandemic, demand for end suction pumps declined marginally in 2020. The effect of COVID-19 on demand from heavy end-use industries like power generation and mining was lower, which drove end suction pump sales in various regions.

The demand for end suction pumps has been increasing in the manufacturing sector. This can be attributed to the advancements registered in the manufacturing sector, especially in various developing regions.

Increasing energy costs and growing environmental awareness among end users are expected to drive demand for energy-efficient and cost-effective end suction pumps over the forecast period. Industries often rely on end suction pumps to improve pump efficiency and reduce energy consumption.

Key Takeaways from End Suction Pumps Market Study

  • Close coupled pump segment is projected to hold over 80% volume share in the global market in 2021.
  • The demand from the industrial sector will account for 75% of the overall sales in the market.
  • East Asia will remain a primary market, backed by expansion of industries and growing urbanization in the region. It is expected to account for over 25% of the demand registered globally in 2021.
  • Up-to 100 GPM and suction pumps’ sales will surge at a CAGR of approximately 4.6% over the coming decade.
  • Sales of end suction pumps in the U.S. will total US$992.4 Mn by 2031.

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“Higher focus on expansion of manufacturing will boost end suction pumps sales in the coming years. Focus on turnkey projects by OEMs is expected to create an attractive opportunity for the growth of the market,” says a Future Market Insights analyst.

End Suction Pumps Market by Category

By Type:

  • Close Coupled Pump
  • Separately Coupled Pump

By Flow Rate:

  • Upto 100 GPM
  • 100 to 300 GPM
  • 300 to 500 GPM
  • 500 to 1,300 GPM
  • 1,500 to 5,000 GPM
  • Above 5,000 GPM

By Application:

  • Commercial
    • Hotels
    • Swimming Pool
    • Retail Space
    • Office & Institution
  • Industrial
    • Food & Beverages
    • Chemicals
    • Mining & Metals
    • Power Generation
    • General Manufacturing

By Region:

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

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Competition Landscape

The end suction pumps’ market is highly fragmented, with over 100 players across the world. The top companies account for around 15-20% of the market share. In order to achieve high sales, leading market players are creating contracts with end users and customizing solution to cater to industry specific requirements.

Some of the key players in this industry include but are not limited to Grundfos, Sulzer Ltd, Xylem Inc., KSB AG, Flowserve Corporation, Ebara Corporation, Kubota Corporation, Ruhrpumpen Group, Pentair plc, Kirloskar Brothers Ltd, Torishima Pump Mfg. Co., Ltd., and WILO SE.

Land Survey Equipment Market Analysis and Review by Application – Inspection, Monitoring, Volumetric Calculation, and Layout Point for 2021 – 2031

The global land survey equipment market  is estimated to increase at a CAGR of over 6% through the next decade. A new research report by Future Market Insights (FMI) on the land survey equipment market thoroughly analyzes the land survey equipment market and also states few key insights for the forecast period of 2021-2031.

Technological advances and the consequently improving precision levels of land survey equipment continue to significantly uphold the market growth. In addition, incorporation of enhanced safety features into newly innovated models of land survey equipment are likely to particularly benefit sales in the near future.

On the basis of product-wise analysis of the land survey equipment market, GNSS systems, total stations, and UAV are the equipment, hold substantial value shares in global market. By the end of 2029, a similar trend is expected to prevail in the market with prominent applications for aforementioned products in diverse end-use sectors.

While a majority of demand for land survey equipment is accounted by the flourishing building and construction industry, the report opines that the contribution from the oil & gas as well as mining industries is highly likely to witness a steep rise in the course of coming years. The study also highlights that agricultural land surveys will remain an important contributor to the global demand for land survey equipment, particularly across developing regions.

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Flourishing Growth Prospects in Asian Markets

FMI’s market analysis based on industry verticals reveals that the construction industry will account for a leading share in terms of demand for land survey equipment, at a global level. The mining industry is expected to hold a trivial share in the market in countries, such as Russia, China, and Australia, which register a sizable share in global mining production. Also, the oil & gas industry will see an upsurge in East Asia, and downstream production in the Middle Eastern region.

While East Asia is expected to account for a decent share, it also has also been listed as a region with prominent prospects for the future growth of the market. Heavy upstream oil and gas production and increased mining exploration in the region are expected to provide a robust sales perspective for the market.

The South Asia region is likely to have substantial growth on the back of heavy construction commencements in the market of India and Malaysia. The growth in aforementioned countries will be in the public as well as private construction segments.

Land Survey Equipment Market: Vendor Insights

Key market players operating in the global land survey equipment market are Trimble Inc, Topcon Positioning Group, Robert Bosch, Hexagon, South Surveying & Mapping Instrument Co., Ltd., Stonex Srl, Nikon, Shanghai Huace Navigation Technology Ltd., Survey Copter, PASI Srl, Geotrax International Products, KSA Land Surveyors Company, Dahle, and several others.

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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.

LAND SURVEY EQUIPMENT MARKET TAXONOMY

Product Type

  • GNSS
  • Theodolite
  • Level Equipment
    • Total Station
  • Laser Scanning
  • UAV
  • GIS Asset Collection
  • Data Collectors

By Application

  • Inspection
  • Monitoring
  • Volumetric Calculation
  • Layout Points

End Use

  • Oil & Gas
  • Construction
    • By Government
    • By Non-Government
  • Mining
  • Agriculture

Region

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

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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.