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Power Tools Market demand by 5.1% CAGR between 2021 and 2031 : FMI Study

[298 Pages Report] The global power tools market size is expected to reach US$ 33.36 Bn in 2021. Increasing sales of cordless power tools will drive growth in the power tools’ demand by 5.1% CAGR between 2021 and 2031.

As per the latest Future Market Insights (FMI) analysis, demand for electric power tools and portable power tools will rise exponentially in the coming years. Soaring application in automotive, construction, aerospace, and other industries also will create demand for handheld and pneumatic power tools.

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The report also predicts power tools sales to make up nearly 7% to 8% of the global tooling industry.

The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rate creating positive prospected for the power tools market growth.

Key Takeaways of Global Power tool Market Study

Power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
Overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
U.S. is expected to spearhead growth in North America, accounting for over 62% of overall share in the region in 2021
U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

Scope of the Report

Attribute	Details
Forecast Period	2021-2031
Historical Data Available for	2016-2020
Market Analysis	USD Million for value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Countries Covered	US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa
Key Segments Covered	Product Type, Technology, Application, Sales Channel, and Region
Key Companies Profiled	Robert Bosch Power Tools GmbH Stanley Black & Decker, Inc. Makita Corporation Hilti Corporation Atlas Copco AB Techtronic Industries Company Limited Snap-on Incorporated Actuant Corporation Husqvarna AB Illinois Tool Works Panasonic Corporation Hitachi Corporation Ingersoll Rand, Inc. Enerpac Tool Group Kyocera Corporation Apex Tool Group Ridgid Tools Koki Holdings Co., Ltd.
Report Coverage	Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

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

India Power Tools Market to register healthy CAGR of 9.5% over the forecast period 2022–2026 : FMI

The power tools market in India is anticipated to register a Y-o-Y growth of 6.7% by end of 2016, and is estimated to reach INR 3,532.8 Crore in terms of revenue. Growing industrialisation and widespread availability of wide range of power tools will continue to drive growth of the India power tools market. The markets in South and North India are estimated to collectively dominate the India market.

India power tools market is anticipated to register healthy CAGR of 8.9% in terms of value, and 9.5% in terms of volume over the forecast period (2016–2026). Growth of the power tools market in terms of revenue is attributed to various factors, regarding which FMI offers detailed insights in the report.

Robust development in the industrial sector and growing automotive sales are key factors driving growth of the India power tools market. Moreover, increasing consumer confidence index (CCI) in India is projected to play a key role in escalating demand for power tools in the India market. Emergence of a variety of cost-effective, durable and multi-functional power tools is anticipated to fuel demand in future. In addition, shifting consumer behaviour toward DIY hacks is also expected to boost demand for power tools in India.

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Professional power tools will continue to gain traction, and major shift from nickel-cadmium to lithium-ion powered tools will create new opportunities for power tools manufacturers in the country.

However, increasing import of power tools from China may negatively impact market share of domestic and international players in the India power tools market.

The India power tools market is expected to witness increasing demand for industrial power tools as compared to household power tools. Industrial power tools segment is anticipated to contribute over 55.8% in terms of revenue to the market; whereas household power tools segment is expected to account for 44.2% in terms of value share by end of 2016.

Low operational costs and ease-of-use will continue to drive electric power tools segment, which is anticipated to dominate the India power tools market till 2016 end. Pneumatics and others segments are projected to collectively contribute over 46% in terms of value share to India power tools market in 2016.

The markets in South India and West India represent highest penetration of power tools, owing to concentration of a large number of industries. South and North India markets are expected to expand significantly in terms of revenue as compared to moderately thriving East India and North India markets.

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Competitive Landscape

The report includes market share analysis of the existing international, China-based and domestic players in the market. The report also profiles both global and domestic players in the India power tools market.

Global Players in the market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Regional players in the market include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

Long-term Outlook: India power tools market is anticipated to register a healthy CAGR of 9.5% in terms of volume and 8.9% in terms of value over the forecast period, 2016–2026. Electric power tools market is estimated to account for 56.6% in terms of revenue share by end of 2026.

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Explore FMI’s Extensive ongoing Coverage on Industrial Automation Domain

Commercial Refrigeration Compressors Market: The global commercial refrigeration compressors market is estimated to be worth around US$ 3.59 Bn in 2022. With surging demand from food and beverages industry, the overall market is projected to expand at a moderate CAGR of 4.5% between 2022 and 2029, reaching a valuation of US$ 4.87 Bn by 2029.

ASEAN Safety Sensors and Switches Market: The safety sensors and switches market in ASEAN countries is estimated to be worth around US$ 891 Mn in 2022. With rising adoption of safety sensors and switches for minimizing the personal and institutional damage, the overall market is anticipated to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028.

Magnetic Separator Market: Increasing use of magnetic separators to remove unwanted particles during the metal recycling processes across diverse industries is propelling the demand in the market. Driven by this, the market valuation is set to reach US$ 1.7 Bn in 2029.

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Peptide Therapeutics Market is expected to reach US$ 47 Billion by 2025

Peptide therapeutics are witnessing substantial demand, owing to increasing application in the treatment of various chronic disease such as cancer, cardiovascular diseases, hematologic diseases, and gastro-intestinal diseases.

Rising prevalence of these chronic diseases across the world is further expected to widen the existing patient pool. Therapeutic efficacy of peptide therapeutics is relatively superior as compared to other marketed drugs, resulting in their higher adoption among physicians.

The global peptide therapeutics market was valued at US$ 25.6 Bn in 2021, and is expected to exhibit a healthy CAGR of 11% during the forecast period (2022-2025).

The COVID-19 pandemic has been severely affecting the global economic order, and, in turn, the peptide therapeutics market. Restrictions on traveling, self-quarantines, and social distancing regulations, on a national scale, are resulting in notable drop in business and consumer spending through Q2.

Key Takeaways of Peptide Therapeutics Market Study

In terms revenue generation, among the applications, cancer outperformed other application types, owing to greater prevalence of the disease as well as higher efficacy of peptide therapeutics in cancer treatment.
Various peptide therapeutics are patented, and, in the mid of this decade, a majority of these patents are expected to reach their expiry dates, leading to higher generic competition.
Parenteral route continues to hold the leading revenue share in the peptide therapeutics market, owing to effective drug delivery and higher therapeutic index.

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Key Players Focus on Strategic Collaborations and Generic Launches to Widen Regional Presence

Leading players in the peptide therapeutics market, such as AstraZeneca plc, Merck Co. & Inc., and Elli Lily, are concentrating on business expansions through joint ventures and distribution agreements, and are capturing untapped market potential.

Additionally, market incumbents are entering into collaborations in order to expand their regional presence and manufacturing capabilities in the global peptide therapeutics market.

More Valuable Insights on Peptide Therapeutics Market

Future Market Insights brings a comprehensive research report on forecasted revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the segments from 2014 to 2025. The global peptide therapeutics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

The study provides compelling insights on the peptide therapeutics market on the basis of application, (cancer, cardiovascular diseases, central nervous systems, metabolic disorders, infection, hematological disorders, gastrointestinal disorders, dermatology, respiratory disorders, acromegaly, and other applications), route of administration (parenteral route, mucosal route, oral route, and transdermal route), and marketing (branded and generic), across seven major regions.

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

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Electrical Steel Market size, Insights, Prospects, Growth Trends, Key Trends, Opportunities and Forecast until 2031: FMI

The global sales of electrical steel are set to be valued at over US$ 37.5 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 6.5% CAGR from 2021 to 2031.

According to the annual market analysis conducted by Future Market Insights, expansion of the energy and automobile industries has led to heightened demand for electrical steel products. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

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

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

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

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

Key Takeaways from Electrical Steel Market Study

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

Competitive Landscape

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

Some of the key players in this industry include but are not limited to Novolipetsk Steel, Voestalpine Stahl GmbH, POSCO, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, JFE Steel Corporation, ArcelorMittal SA, Aperam SA, Baosteel Group, AK Steel Holding Corp, Allegheny Technologies, Inc., Phoenix Mecano AG, and Steel Authority of India Limited.

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Why Future Market Insights?

Comprehensive analysis on evolving purchase pattern across different geographies
Detailed insights of market segments and sub-segments for historical as well as forecast period
A competitive analysis of prominent players and emerging players in the keyword market
Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

Micro Motor Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

Major regions across the globe are analyzed in a study to understand the scope of the micro motor market. The major seven regions assessed for this purpose include Latin America, Japan, North America, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Western Europe and Middle East and Africa (MEA). North American and Western European regions are expected to witness healthy growth of micro motor market. With the emergence of next-generation technology and development in technologies such as 3D printing and industrial automation, in these regions, the scope for increasing demand for micro motor is on a steady upturn.

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Increasing applicability of micro motor with advent of technology will continue to push major investments in North America and Europe, in addition to fueling supplies by leading manufacturers. Asia Pacific is another major contributor to the overall growth of micro motor market. As APAC’s automotive sector flourishes, the region signifies tremendous opportunities for the micro motor manufacturers.

With key investments done in South American countries the market for micro motor in this region provides major growth opportunities. For example, the production plant opened in Brazil, by Johnson Electric acted as the company’s crucial strategy for serving their customer base in South America.

Surging Applicability across Multiple End-user Segments Reflects Increasing Demand for Micro Motors

Attributing to the increasing developments in the automotive sector and continual emergence in technologies such as 3D printing and automation, there is a significant demand for compact yet highly efficient equipment for achieving optimized operations. With new products as the EVALSP820-Xs by STMicroelectronics that expand the 3D printing accessibility with compact and cost-effective solutions for quick prototyping, the future looks bring for micro motor business.

The DC word geared micro motor by Zhengke is designed for use in automatic doors, medical devices, windows, and other electrical appliances as it comes with a self-locking torque enabling the shaft to stop rotation when power is switched off.

The rising automation in industries is amongst the major factors that is expected to contribute to the growth of the micro motor market. This is majorly witnessed in the medical sector which is promoting the use of automation for elevating the conventional standards of medical service. With cost-effective alternatives such as micro motor, laboratories can achieve operational automation for testing volumes of samples in quick yet efficient manner. Owing to their use in sectors including medical, chemical testing laboratories, molecular biology, and others, the manufacturers are aiming at providing cutting-edge micro motor with dynamics and high-precision.

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Automotive sector is providing growth opportunities to micro motor manufacturers owing to its features that allow auto-makers to incorporate amenity along with luxury. Furthermore, the economically-efficient and durable micro motor is finding its application in the increasing construction, healthcare, mining, and automobile centers. Manufacturers are aiming at reducing the size of the micro motor while developing greater operational excellence to ensure better performance. With the advancement of technology and the adoption of these state-of-the-art technologies by manufacturers, the development of high-performance electric micro motor is made possible.

Apart from automotive sector, the space industry also witnessed demand for micro motor. For instance, Maxon motor would provide its efficient DC micro motor to the US space agency, NASA who would incorporate the micro motor into their helicopter being designed for their upcoming Mars 2020 rover mission.

Micro Motor Market Classification

The micro motor market is segmented based on type, application, sales channel, and technology.

Based on type, the micro motor market is sub-divided into AC motor and DC motor.
On the basis of application, the micro motor market is segmented as aircraft, automotive, construction equipment, 3D printing, medical equipment, industrial automation, and others.
The sales channels examined for analyzing the micro motor market include aftermarket and original equipment manufacturer (OEM).
The technology segments of the micro motor market include brushless motor and brushed motor.

The micro motor market research report provides a detailed assessment of the entire market. The report includes meaningful insights, statistical and historical data, information which is industry-verified and backed by statistics that helps in gaining greater understanding of the report. The research publication comprises of estimations made with the help of suitable set of methodologies and assumptions. The report provides analysis and data in accordance with the technology, segments in the market, regions and applications.

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Market Participants to Leverage Market Potential with New Strategies

The key market players in the micro motor market are seen engaging in new product developments, ventures, strategic developments and transformations to ensure that they could harness the capabilities offered by the micro motor market. The major participants in the micro motor market include Risun Expanse Corp., Kin Yat Holdings Ltd., Arun Microelectronics Ltd., Shenzhen Zhaowei Machinery & Electronics Co. Ltd., Citizen Micro Co. Ltd., Dr. Fritz Faulhaber Gmbh & Co., Lunar Motors Pvt. Ltd., Foshan Shunde Hengxing Micro-Motor Co., Ltd., Piezomotor, and Zhengke.

The report on micro motor market includes in-depth assessment on:

Micro Motor Market Segments- Sub-division of the market
Micro Motor Market Dynamics- Factors influencing the market
Size of the Micro Motor Market- Market Valuation
Supply and Demand
Current challenges and trends in the market
Key Players in the market
Value chain
Technology

Geographical analysis covers the below mentioned regions –

Market for Micro Motor in North America (U.S., Canada)
Market for Micro Motor in Middle East and Africa (South Africa, GCC, and Rest of MEA)
Market for Micro Motor in Latin America (Brazil, Mexico, and Rest of Latin America)
Western Europe Micro Motor Market (Germany, France, Spain, Italy, U.K, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Market for Micro Motor in Japan
Eastern Europe Micro Motor Market (Russia, Poland, and Rest of Eastern Europe)
Market for Micro Motor in Asia Pacific (China, India, ASEAN, Australia & New Zealand)

The micro motor market report is an overview of first-hand data acquired by carrying out qualitative and quantitative assessment of the market. The research data is acquired by industry research analysts with inputs gained by the industry participants and experts. The thorough assessment of the macro-economic indicators, parent market trends, influencing factors, and market attractiveness according to the market segments are all included in the report. Apart from this, the micro motor market report also traces the effect of the factors on market segments and regions.

The report on micro motor market illustrates –

In-depth parent market overview
Changing Dynamics of the market in the industry
Thorough Micro Motor Market Segmentation
Current, historical and projected Informations-Market Valuation in terms of volume and value
Current Industry Trends and Developments
Competitive Landscape
Major Market Participants and their Strategies and Products
Niche and Potential Segments and regions that showcase promising growth
Neutral perspective of the market performance
Crucial data for market players for assistance in enhancing and sustaining their market presence

Centrifugal Pumps Market Outlook, Geographical Segmentation, Industry Size & Share, Analysis to 2031 : FMI

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

Strong demand from the water and wastewater sector and the food and beverage industry drives the centrifugal pump market in terms of volume. Demand for centrifugal pumps slumped in 2020 due to the COVID-19 pandemic.

However, the water and wastewater segment of the industry was not affected as much due to the latest guidelines issued by World Health Organization (WHO) on water sanitation standards which bodes well for sales in the near future. Despite the economic impact of the crisis in many countries, the market’s long-term outlook will remain optimistic.

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FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps particularly in domestic, Water and wastewater treatment industries

The presence of numerous Chinese players offering low-priced centrifugal pumps acts as a restraint to most regional and global players. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive rates.

Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Key Takeaways from Centrifugal Pump Market Study

Multi stage pumps are expected to hold over 50% of the global market share, supported by heavy duty requirements of the oil and gas sector.
Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
The market in the South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
The markets in India and South Korea are set to surge at higher than 5% CAGR over the coming decade.
Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

“Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercials applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

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Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifth of the market share. These players are likely to invest in technology developments and the expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

Centrifugal Pumps Market by Category

By Product Type:

Single Stage Pump
- Small
- Medium
- High
Multi Stage Pump
- Small
- Medium
- High
Axial & Mixed Flow Pump
- Small
- Medium
- High
Submersible Pump
- Small
- Medium
- High
Seal Less & Circular Pump
- Small
- Medium
- High

By Application Type:

Industrial Centrifugal Pumps
- Oil & Gas
- Chemical
- Water & Wastewater
- Food & Beverage
- Pharmaceutical
- Power
- Others
Agricultural Centrifugal Pumps
Domestic Centrifugal Pumps

By Region:

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

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Key Questions Answered in the Report

How much is the centrifugal pumps market worth?

The global centrifugal pumps market has been valued at US$ 30.3 Bn in 2021.

What is the sales forecast of centrifugal pumps Market?

The sales forecast is expected to remain positive, as the demand for centrifugal pumps is expected to rise at a steady rate of over 4% CAGR through 2031.

What was the centrifugal pumps market CAGR for the last 5 years?

The CAGR for the historical period (2016-2020) has been estimated at 2.6%.

Who are the leading players in the centrifugal pumps market and what is there total share?

The top 5 players including Flowserve Corporation, KSB AG, Sulzer AG, Ebara Corporation, and Grundfos Holding A/S is said to constitute 16% of the overall market.

What are the top 5 countries driving centrifugal pumps demand?

The top 5 countries driving demand for centrifugal pumps include China, South Korea, Russia, South Africa, and India.

About FMI:

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

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Global UV Lamps Market Revenue is Anticipated to Increase from US$ 164.1 Mn in 2014 and Reach US$ 523.8 Mn by 2025 : FMI

Future Market Insights (FMI) delivers key insights on the global UV lamps market in its latest report titled “UV Lamps Market: Global Industry Analysis and Opportunity Assessment, 2015–2025”. Global UV lamps market revenue is projected to expand at a CAGR of 11.3% during the forecast period due to various factors, regarding which FMI offers vital insights in detail in its report.

On the basis of lamp type, the market has been segmented into UV LED and UV mercury lamp, with the latter representing nearly 90% revenue share of the global UV lamp market in 2014; FMI expects this segment to witness a decline of 27 BPS by the end of 2025.

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UV mercury lamp segment is categorised into low-pressure, medium- pressure and amalgam mercury lamp. Among these, amalgam mercury lamp dominated the UV mercury lamp segment market, accounting for over 40% of the UV mercury lamp market in 2014.

On the basis of end-use application, the UV lamps market is segmented into wastewater treatment, water treatment, air treatment, surface treatment and food and beverages disinfection. Revenue contribution by the food and beverages disinfection segment was over 25.1% in 2014, which is projected to increase to 28.2% by the end of 2025, gaining 309 BPS and expanding at a CAGR of 12.5% during the forecast period.

Water treatment segment is categorised into industrial process water treatment, water treatment, commercial water treatment, residential water treatment, municipal pool and spa, and others. Municipal water treatment sub-segment accounted for the highest revenues in 2014, and this trend is expected to continue through 2025.

Air treatment is further sub-segmented into residential and commercial, healthcare facilities, and others. Among these, residential and commercial sub-segments accounted for bulk of the revenues in 2014; FMI estimates this segment to retain its dominance throughout the forecast period.

Increasing Municipal Infrastructure Investment Driving Adoption of UV Lamps

Growth of the global UV lamps market is mainly driven by increasing municipal infrastructure investment, safety measures through regulations, increasing industrial development and price performance of UV lamps compared to other conventional treatment methods.

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Asia Pacific Excluding Japan (APEJ)was dominant in the global UV lamps market with over 30% market share in 2014, followed by North America with 24.2% market share. APEJ is projected to remain the largest market for UV lamps over the forecast period, driven by increasing municipal infrastructure investment, industrial development and cost-effective solutions offered by UV lamps when compared to the other conventional treatment methods used in the region.

Some key players identified in the global UV lamps market are Trojan Technologies Inc., Xenex Disinfection Services LLC, Xylem Inc., OSRAM GmbH, Koninklijke Philips N.V., Heraeus Holding Gmbh, Calgon Carbon Corporation, Halma PLC, Severn Trent PLC, and Atlantic Ultraviolet Corporation.

Major UV lamp manufacturers in the market are currently focusing on strengthening their partnerships with major UV disinfection equipment manufacturers. In addition, UV disinfection equipment manufacturers are focusing on providing a broad and customised range of UV solutions to cater to the varying and increasing customer demands.

Key RegionsThe global UV lamps market has been sub-segmented into seven major regions which include North America, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Latin America and Middle East & Africa. APEJ dominated the market with over 30% of the overall UV lamp market share in 2014, while Eastern Europe followed with over 20% market share. In addition, APEJ is anticipated to be the fastest growing region in the UV lamp market in terms of revenue contribution.

Key Segments Covered

UV Lamps Market
- Lamp Type
  - UV Mercury Lamp
    - Low-pressure Mercury Lamp
    - Medium-pressure Mercury Lamp
    - Amalgam Mercury Lamp
  - UV LED
- End-use Application
  - Wastewater Treatment
  - Water Treatment
  - Air treatment
  - Surface Treatment
  - Food and Beverages

Key Regions covered:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

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Produced Water Treatment Systems Market Fuelled by Strong Demand in North America : FMI

[235 Pages Report] The global produced water treatment systems market is estimated to be worth around US$ 4.29 Bn in 2022. With rising oil and gas activities across the world, the overall market is projected to grow at a CAGR of 5.8% between 2022 and 2029, surpassing a valuation of US$ 6.38 Bn by 2029.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Drain Cleaning Equipment Market 2022 Outlook, Current and Future Industry Landscape Analysis 2027

Drain cleaning equipment is equipment of includes hand tools as well as power tools. A major misconception related to drain cleaning equipment is one machine can handle all the drain issues. But in reality, it is not so, as there are several issues at various location and in different sizes systems. So there are different equipment made for different issues to solve it effectively and easily.

Drain cleaning equipment is the major components in operation and maintenance of water, wastewater, and sewer utilities. It is a never ending and challenging task to keep drainage system, the piping system in the flow. However, it is most important but most overlooked elements of healthy facilities. As there is numerous material which can cause blockage in drainage. The area of blockage may be hard to access and so difficult to remove the blockage. Drain cleaning equipment help to remove the blockage in these locations and clear the drainage system.

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Regional Outlook

North America holds a significant share in the global Drain Cleaning Equipment Market in terms of value as well as volume followed by Europe. The Drain Cleaning Equipment Market in Asia Pacific is expected to grow at a substantial rate over the forecast period. Growth in Asia-Pacific Drain Cleaning Equipment Market is mainly due to the rapid growth in the urbanization and industrialization.

Furthermore, significant investments in the field of cleaning as well as operation and maintenance of drains, wastewater, and sewer in the countries such as India and China will bolster the Drain Cleaning Equipment Market. The growth in the Drain Cleaning Equipment Market in North America is chiefly due to the government support and funding in the field of development and implementation. Rest of the world market is estimated to account for a relatively small share of the Drain Cleaning Equipment Market.

Market Participants

Some of the examples of the market participants in the global Drain Cleaning Equipment Market, identified across the value chain are:

Masco Corp
DURACABLE.
Gorlitz Sewer & Drain, Inc
General Wire Spring Co.
Electric Eel Manufacturing Co Inc
Spartan Tools LLC
Duracable Manufacturing CO
Rothenberger USA LLC
Goodway Technologies Corp.
GT Water Products Inc.

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 categories such as market segments, geographies, type of product and applications.

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The regional analysis includes:

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Market Segmentation

Segmentation of Drain Cleaning Equipment Market can be doneon the basis of product type as follows:

Hand Tools
Auger
Hand Spinners
Plunger
Sewer Tapes
Power Tools
Sink Machines
Drum Machines
Sectional Machines
Water Jetters
Rodder Machines

Segmentation of Drain Cleaning Equipment Market can be doneon the basis of application as follows:

Municipal
Residential
Industrial

Segmentation of Drain Cleaning Equipment Market can be doneon the basis of By sales channel as follows:

Distributor Sales
Retail Outlet
Online Sales

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Drain Cleaning Equipment Market:Market Dynamics

Significant investments by State and Federal governments on the operation and maintenance of water, wastewater, and sewer utilities is one of the major factors in driving the drain cleaning equipment demand in the forecast period. A survey from American Society of Civil Engineers (ASCE) states that waste water treatment plants will increase considerably in the upcoming year. As these are the target markets, the drain cleaning equipment market is expected to grow significantly in the upcoming years.

The report covers exhaust analysis on:

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

The high price of power drain cleaning equipment limiting their usage on commercial applications. The traditional hand tools such as plungers and augers are commonly found to be used in household applications, the major reason being the low cost, which in turn results in high penetration of these products. Where the advance drain cleaning power tools such as drum machine, sectional machine, sink machines, and water jetters are capable of offering a wide range of operations and are easy to use, find limited adoption in the household due to its high price. However, providing drain cleaning equipment on rent is in trend these days.

Report Highlights:

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

Breast Pumps Market expected to grow at approximately 4% through 2030

FMI, an ESOMAR-certified market research firm, states that the global breast pump market will be valued at US$ 1.5 Bn in 2020. During the forecast period (2020-2030), the market is likely to grow at a CAGR of 4%.

The world of infant feeding has been witnessing a “quiet revolution” since 2005. The usage of electric pumps has increased manifold since then. Initially it was confined only to mothers of premature babies in the NICU, but the current scenario is such that even full-term infants are being fed through pumped milk.

This could be attributed to the fact that awareness regarding breast pumps is increasing day after day in the developed economies, US in particular.

Even in the European economies, the electric breast pumps are being made available on rent. So, regular usage as well as occasional usage gets sufficed. These usages are likely to substantiate the breast pumps market in the forecast period (2020-2030).

In the US, the “Affordable Care Act” states that the breast pump’s cost is 100% reimbursable, and it’s mandatory for the employers to provide space and time for the working moms to pump.

In developing economies like India, the usage of breast pumps is catching up in the metros as there are more women falling under the gambit of corporate world. As such, Asia Pacific will soon witness an exponential growth in breast pumps market in the next 10 years.

Key Takeaways of Breast Pump Market Study

Open system breast pumps held the largest market share in 2019
By technology, electric breast pumps accounted for the highest revenue in 2019
Cumulatively, North America and Europe contributed for more than 60% of market share 2019 and the trend is expected to continue going forward as well

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Human Milk Banks: A Catalyst to Breast Pumps Market

Late pregnancies are proving to be detrimental to breast-feeding. In other words, late pregnancies often result in women not being able to lactate. As per the WHO, mother’s milk is imperative atleast for the first six months as it helps in building immunity. However, for infants whose mothers’ mammary glands are unable to produce milk or mother is suffering from an ailment wherein it can’t be passed on to the infant; human milk banks are the solution.

Donors need to inform the human milk banks. The banks then send breast pumps to the donors so that they can extract the milk and store it in bottles. Then the same milk is collected by the banks and given to those needy infants. Human Milk Banking Association of America has been actively serving in this regard. Right now, Covid-19 infected mums can’t pass on their milk to the infants. Milk from the milk banks helps over here. Elvie had offered “milk shuttle service” at CES 2020; wherein they used to collect milk from mums who attended the show and ensure safe storage by having them placed in medical-grade refrigerators.

In India, there are 14 human milk banks right now. Milk banks are expected to be a key growth driver in the upcoming period.

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Future Market Insights brings the comprehensive research report on forecasted revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2030. The global breast pump 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 breast pump market on basis of product type (closed system breast pumps, open system breast pumps), technology (electric breast pumps, manual breast pumps), end user (homecare settings, healthcare facilities) across seven major regions.

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