Market Research Blog

The power transformer market exhibited year-on-year growth of 4% in 2021, backed by increasing efforts towards incorporating modern energy solutions in existing power system and high demand of efficient and reliable power supply. Future Market Insights (FMI) states that, power transformer market revenue grew by 10% between 2019 and 2021, reaching US$ 21.9 billion in 2021 with a healthy CAGR of 4.6%.

Focus on upgrading the existing power grid network with modern energy technology for flexible, secure, efficient, and reliable supply of power will emerge as a chief growth driver.

Transformers are critical component in power transmission system as their main function is to receive power with low voltage and transmit it across various distribution channels in power grid. Increasing demand for electricity, increasing investment to expand transmission and distribution network will drive the power transformer market growth in upcoming years.

For instance, as of 2021 Adani power has around 5 ongoing power projects with capacity ranging from 1300 MW to 2700 MW in Indian states of Rajasthan, Madhya Pradesh, Gujarat, Karnataka, and Jharkhand. Rise in number of new power projects in developing countries will boost the market sales over the forecast period.

Rising urgency to replace the aging power infrastructure with smart grid system along with increasing penetration of renewable energy and development of interconnected grid infrastructure are key growth drivers in developed economies.

Future prospects look promising for power transformer market due to thriving construction and mining industries, emergence of new smart cities with modern power transmission system and adoption of green transformers.

Market players are focusing on developing power transmission systems capable of handling flow of stored and renewable energy throughout the grid system. Advancement towards designing system for efficient management of electricity transmission and distribution as a part of disaster recovery efforts along with redefining electrical grids to reduce operational costs and lead times will positively influence the market growth in the future.

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Key Takeaways from FMI’s Power Transformer Market Study

• North America power transformer market is forecast to experience growth at 3% CAGR due to rising necessity to replace old power grid networks with modern and efficient equipment and increasing supply and demand gap of electricity in U.S. and Canada.
• Europe power transformer market is anticipated to grow at 3.2% CAGR during the forecast period. Growth uptick can be attributed to rapid electrification and increasing investment towards upgrading transmission and distribution networks in the region.
• Growing awareness among population regarding CO₂ emission, increase in consumption of electricity, and increasing efforts towards electrification of rural areas will drive the demand for power transformers in India.
• China is expected to offer lucrative opportunities owing to increasing investment in power grid infrastructure development and booming mining and oil and gas industries in the country.
• Japan and South Korea account for 7% of global power transformer market share in 2021. Industrialization, increasing efforts to fill the energy supply and demand gap, and imposition of energy efficient laws and standards are key growth drivers in these countries.

“Increasing demand for upgrading traditional transmission system to sustain high voltage power transfer and incorporation of smart grids will boost the demand for power transformer in upcoming years,” says the FMI analyst.

Key Segments Covered In Power Transformer Market Study:

By Product Type:

• Core
• Shell

By Insulation Type:

• Dry
• Wet

By Phase Type:

• Single Phase
• Three Phase

By End Use:

• Residential & Commercial
• Utilities
• Industrial

By Voltage Type:

• 100-200kV
• 200-400 kV
• Above 400 kV

By Application Type:

• Generation Step-up
• Transmission

By Region:

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

Who is Winning?

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

Leading market players account for 35% global market share. They are focusing on new product development like green transformers to reduce the carbon footprint and are also emphasizing on establishing production and supply operations in key high-demand demographics like South East Asia. In addition, key players have been increasing production outputs and moving manufacturing plants to developing countries to reduce lead times and operation costs.

For instance, in July 2021, General Electric won orders for manufacturing 45 units of 765 kV transformers from Power Grid Corporation of India Limited (PGCIL) for the new sub stations to be constructed in Rajasthan, India. The new transformers will dissipate around 8.1gigawatt (GW) of green power from the state’s solar energy zones.

In March 2021, First Philec Inc. announced to launch super green transformer by the end of 2021. First Philec Inc. is a unit of First Philippine Holdings Corp. and one of the leading manufacturers of high efficiency transformers in South East Asia region. The super green transformer will be made of recyclable and biodegradable materials.

Hitachi ABB Power Grids launched two new traction transformers, “RESIBLOC® CRail 25 kV” and “Natural Cooling Effilight® Traction Transformer” in June 2021. The latter model replaces traditional cooling module with natural airflow system. It uses a state of the art cooling system that harnesses natural air flow from the train’s motion and sends it to heat exchanger thus eliminating the need for air fans.

Prominent players operating in the power transformer market are:-

• ABB
• General Electric
• Siemens AG
• Toshiba Corporation
• Schneider Electric

More Insights On The Power Transformer Market

In its latest report, FMI offers an unbiased analysis of the global power transformer market, providing historical data for the period of 2019-2029 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of by product type (core and shell), by insulation type (dry and wet), by phase type (single phase and three phase), by application type (generation set-up and transmission), by end use ( residential & commercial, utilities, and industrial), by voltage type (100-200kV, 200-400 kV, and above 400 kV) and by region (North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East and Africa)

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

Future Market Insights (FMI)’s upcoming research study on the global Carbide Tools market lays bare undercurrents and opportunities for key market stakeholders. The report provides in-depth insights on the Carbide Tools market through a detailed analysis of key growth drivers, restraints, trends, challenges, and revenue growth based on historical data. Valuable information and forecast statistics covered in the Carbide Tools market report will help existing and potential new market players to craft long-term strategies as well as maintain business continuity during a crisis.

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COVID-19 Impact Analysis

As with many industries, the recent outbreak of the COVID-19 has adversely affected the industrial automation & equipment industry. The Carbide Tools market is no exception. Following government’s measures, particularly social distancing norms and shelter-in-place orders, companies active in the Carbide Tools market have put their production on a halt. Additionally, movement restrictions have created a logistical nightmare for market players, while the lack of ‘essential’ status caused a decline in sales.

The FMI’s report covers an exclusive chapter on the initial COVID-19 impact on the Carbide Tools market. This allows both incumbent companies and new entrants to understand the market scenario during a crisis and helps them make sound decision to gain a distinct competitive edge.

Why Choose Future Market Insights

• Serving domestic and international clients 24/7
• Prompt and efficient customer service
• Data collected from reliable primary and secondary sources
• Highly trained and experienced team of research analysts
• Seamless delivery of tailor-made market research reports

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Carbide Tools Market: Segmentation

To analyze the Carbide Tools market effectively and efficiently, the information has been segregated into key segments and sub-segments.

By Product Type, the Carbide Tools market is segmented into

• Circular Saw Blades
• CNC Inserts
• Router Bits
• Cutters
• Mills
• Tap & Dies
• Reamers

By end user, the Carbide Tools market is segmented into

• metal fabrication
• automotive & transportation
  • automotive
  • railway
  • aerospace
  • marine
• heavy machinery
• construction
• furniture & carpentry
• oil & gas
  • fabrication
  • manufacturing purposes
• other manufacturing

Carbide Tools Market: Competition Analysis

The FMI’s study presents an extensive analysis of global, regional, and country-level players operating in the Carbide Tools market based on their innovative launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Carbide Tools market report.

Key players covered in the report include:

• KYOCERA Corporation,
• Sandvik AB,
• YG-1 Co., Ltd.,
• Makita Corporation,
• CERATIZIT S.A.,
• Mitsubishi Materials Corporation,
• Guhring Limited,
• Allied Machine & Engineering Corp.,

Crucial Questions Answered in the Report

• Which end-use industry remains the top consumer of Carbide Tools in different regional markets?
• At what rate has the global Carbide Tools market been expanding during the forecast period?
• How will the global Carbide Tools market look like by the end of the forecast period?
• What innovative technologies are the Carbide Tools market players adopting to stay ahead of the pack?
• What are the restraints affecting the growth of the global Carbide Tools market?

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Key Offerings of the Report

• Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
• Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
• Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
• Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
• Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Carbide Tools market

The global  dewatering pumps market  is identified as a fairly concentrated market with the organized sector having a share of around 49% of the global market followed by Tier 2 and small scale manufacturers. The principal aim of the manufacturers has been the expansion of market footprint via extension of their product portfolio and strengthening of the sales and distribution network.

Leading players in the market are focused to shift their production bases to Asia Pacific in order to capitalize on the economies of scale. The global market, characteristically, is poignant towards consolidation. Several mergers were seen during the recent past; the same trend is anticipated to continue over the coming years with profitability to remain as the core strategy behind these acquisitions.

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Long-term tie-ups with EPC (Engineering Procurement and Construction) companies are expected to provide high and stable sales to international manufacturers of dewatering pump. Most sales of small and medium capacity pumps take place through distributors and retailers, which generally hold multi-branded & wide variety products at their shelves.

Providing integrated offerings through diverse range of products and developing strong distribution and aftersales service network at regional and local level can provide significant opportunities for growth. In order to gain competitive advantage, strong focus on life-cycle costs analysis, including reducing operating costs through energy-efficient solutions, is highly required for product differentiation.

According to the report by Future Market Insights (FMI), the global dewatering pumps market is expected to witness a CAGR of 5.2% from 2018 to 2028. In 2017, the market was worth US$ 5,498.6 Mn and is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.

Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand

Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.

An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.

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Market Taxonomy

By Equipment

• Civic Infrastructure Construction
  • Commercial Construction
  • Tunnels
• Mining & Metals
• Paper & Pulp
• Chemicals
• Power Generation
• Food & Beverages
• Municipal
• Others

By Capacity

• 0.5-3 hp
• 3-10 hp
• 10-50 hp
• Above 50 hp

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa
• China
• South East Asia & Pacific (SEAP)
• India
• Japan

By Application

• Sludge Pumps
• Slurry Pumps
• Drainage Pumps
• Hybrid Pumps

By Technology

• Positive Displacement Type
• Centrifugal Type

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Low Priced China-based Pumps to Act as Hindrance to Market Growth The presence of numerous Chinese players who are offering low-priced pumps acts as a restraint to most regional and global players offering pumps. The surging price pressure from these players is influencing the main suppliers to offer high-quality, reliable, efficient, and technologically-advanced pumps at competitive prices. However, the price sensitive nature of the market is a restraining factor on overall revenue growth potential of the global pump market.

Emergence of China as a major producer of low cost pumps, is has disrupted the market to a certain extent. In order to overcome this challenge, international pump vendors need to differentiate their products through various additional services and integration of advanced technologies.

Busbars Market: Report Description

This FMI study offers a ten-year analysis and forecast for the global Busbars market for the period between 2018 and 2028. This study considers 2017 as the base year with market values estimated for the year 2018 and forecast developed for the duration 2018 to 2028. Compound Average Growth Rate (CAGR), in terms of both value and volume, has been represented from 2018 to 2028. The Busbars market study covers various perspectives of the market, including market dynamics, value chain, pricing analysis, competition analysis, regional and segmental growth comparison and macro-economic and industry growth analysis, along with market segment level projections in a comprehensive manner. As per the findings of the Busbars market study and perspectives of industry participants, the global market is projected to grow at a CAGR of 9.0% between 2018 and 2028, in terms of value. Launching of new plants and relatively less wiring errors and more capacitance associated with busbars are some of the factors fuelling the growth of this market.

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This Future Market Insights report on Busbars carefully analyses the market at a global and regional level through market segmentation, on the basis of key parameters, such as conductor type, power rating and end user. The primary objective of this Busbars report is to offer key insights on market updates, competition positioning, current trends, market potential, growth rate and other relevant information and statistics in a suitable manner to the readers or various stakeholders in the Busbars market.

Busbars distribute electricity with more ease and flexibility as compared to other permanent forms of installation and distribution. They are generally made of metallic strips of copper or aluminum that both ground and conduct electricity.

Each section of the report has been structured to facilitate the readers to develop a thorough understanding of the Busbars market. The report begins with market definitions, which are followed by the market background, market dynamics and market analysis by key segments, regional analysis and competition landscape. Each section covers qualitative and quantitative assessment of the Busbars market on the basis of facts, historical developments and key opinions collected from industry participants through dedicated interviews with the key stakeholders in the market.

Busbars Market: Segmentation

Conductor Type

Copper

Aluminium

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Power Rating

Low

Medium

High

This Busbars market report begins with market introduction. In the next section, the report describes market development background, macro-economic factors, industry factors, forecast factors, global weighted average pricing analysis, value chain overview and an assessment of the sales of Busbars for the base year considered for the study.

The next section of the report discusses market dynamics, such as drivers (supply and demand side), restraints and trends impacting the Busbars market’s growth at a global level. Market opportunities or potential for Busbars manufacturers have been presented in the subsequent section of the same chapter. This section also includes the impact assessment of market dynamics on the global Busbars market at a qualitative level, based on analysis facts and insights.

In the following sections of the report, market value (US$ Mn) and volume (in Tons) projections for the Busbars market, on the basis of the aforementioned segments at a global level, have been included.

The next section of the Busbars report presents a summarized view of the global Busbars market based on eight prominent regions with market numbers represented for key countries considered in the study. The section includes the regional market position, growth potential and market attractiveness analysis for each of these regions. The market analysis sections cover regional trends and market projections for each segment, including Y-o-Y growth trends, market share analysis, market attractiveness and incremental $ opportunity assessment. These sections analyze the degree to which the global drivers are influencing this market in each region.

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In order to offer an accurate forecast, we started by sizing the current Busbars market, which forms the basis of how the global market is expected to shape in the future. Given the characteristics of the Busbars market, we triangulated the outcome of three different types of analysis: primary research, secondary research and FMI analysis. However, forecasting the market in terms of various segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the completion of the forecasting exercise.

In addition, it is imperative to note that, in an ever-fluctuating global economy, we do not only conduct forecasts in terms of CAGR but also analyze the market on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of a market and identify the right opportunities available for the value chain participants.

As previously discussed, the Busbars market has been split into three segments. These segments – conductor type, power rating, and end user– have been analyzed on the basis of Basis Point Share (BPS) to understand each individual segment’s relative contribution to the Busbars market growth. This detailed level of information is important for the identification of various key trends being witnessed in the Busbars market.

Another crucial feature included in the FMI’s comprehensive report on Busbars is the analysis of all key segments in the Busbars market and regional adoption, along with the revenue forecast in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market; however, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve in the market.

In the final section of the Busbars report, a competitive landscape of the Busbars market has been included to provide report audiences with a dashboard view, categorized on the basis of providers present in the value chain, their presence in the Busbars market and key differentiating factors and strategies. The primary category of providers covered in the report are Busbars manufacturers and end-users. In addition to this, the section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a market segment in the value chain of the Busbars market.

Detailed profiles of some of Busbars providers have also been included under the scope of the Busbars market report to evaluate their long- and short-term strategies, key offerings and recent developments in the Busbars market. Examples of some of the key competitors covered in the report include Schneider Electric SE, Eaton Corporation Plc., Siemens AG, ABB, Methode Electronics, among others.

[350 Pages Report] Global painting robots market to exhibit year-on-year (YoY) growth of 8.3% to total US$ 2.9 Bn in 2021. As per the study, the demand for robotic arms will increase by 8.8% CAGR between 2021 and 2031, giving tailwinds to the painting robots market growth.

Overall sales of painting robots will grow by 10.1% CAGR between 2021 and 2031. East Asia and Europe are likely to account for over half of global demand for painting robots through 2031.

Driven by high demand in the U.S., Germany, and Japan, the painting robots market is expected to represent nearly 7% of the global industrial robots industry in 2021.

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Painting Robots Market – Sales in 2016 to 2020 Vs Projections for 2021 to 2031

Between 2016 and 2020, the global painting robots market size expanded at a CAGR of over 2.4%. The robots market is complicated, with a wide range of possibilities. Organizations are providing value to the market by focusing on certain end applications, supplying various types of robots, modules, subsystems, tools, or providing services.

Dedicated supply chains, design services, and research and development organizations have seamlessly worked over the years to provide optimum solutions to end-users. An important step in analysing the potential for robotics and painting robot technology is to provide a consistent categorisation of the potential in each type of market.

In the coming years painting robots market will continue gaining from application across diverse industries, from transportation to construction. Steered by this, the market will register growth at 10.1% CAGR in 2021-2031.

Key Market Segments Covered

By Type:

• Pedestal Robots,
• Robotic Arms,

By Payload:

• Upto 5 Kg,
• Upto 15 Kg,
• Upto 45 Kg,

By Function:

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

By Reach:

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

By Configuration:

• 6 Axis
• 7 Axis

By Application:

• Atomizer
• Air Gun

By End Use Sector:

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

By Region:

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

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Painting Robots Market – Competitive Landscape

Painting robots market is highly consolidated with the top players holding nearly 75-80% of the global market share. The market participants are vying to expand their geographical footprints and working closely with automotive OEMs.

• In Aug 2021, Mexico, Dürr AG developed a high-tech paint facility for Ford Motor Company in order to handle a new car that Ford will be constructing. Dürr built the full paint shop, including low and high viscosity material supply systems, robotic paint and sealer application equipment, and other process automation technology.
• In April 2021, Kuka AG signed a 100 year partnership with Daimler automotive group. The collaboration will enable the automotive company to use all of Kuka’s products and solutions at various locations.

Painting Robots Market – Category-wise Insights
Which is the Top-selling Painting Robots Type?
Robotic arms are expected to account for 60% of the global painting robots sales. Precision and accuracy are two of the most important advantages of a robotic arm in the workplace.

Robots follow their programming exactly, with no variations, resulting in higher precision and accuracy. Robotic arms help companies expand their production capacity. They also work more quickly and precisely than any human employee. As a result, they will be capable of producing more each hour than anyone else.

Which payload offers maximum benefits to painting robots?
The payload upto 5 kg offers maximum benefits to end-users because although they have restricted capabilities due to lower payload and slow operation, which makes it difficult to manage complicated functions, these have been quite popular in recent years of industrial applications. The segment is expected to create an absolute dollar opportunity of USS 1.93 Bn from 2021-2031.

Why is Demand for 7 axis painting robots high?
Any precision manufacturing organization wishing to enhance the number of tasks a single robot can execute should consider a 7 axis configuration. In industries such as machine tool automation, appliance and electronic manufacturing, and automotive production, they can also be integrated into current six-axis robot systems. This segment is expected to create an absolute dollar opportunity of US$ 2.8 Bn from 2021-2031.

Why are atomizers preferred over air-guns?
The atomizer segment is expected to create an absolute dollar opportunity of US$ 2.43 Bn from 2021-2031. Today’s atomizers are sensor-equipped, allow real time smart diagnostics, and ensure zero-quality defects. Atomizers in modern factories have helped to improve the paint-line operation rate. This provides an added advantage over air guns.

Which function makes most value from painting robots?
The painting, spraying and coating segment is expected to create an absolute dollar opportunity of US$ 2.35 Bn from 2021-2031. Painting robots which can altogether perform a multitude of functions are being preferred over just painting.

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What is the preferred ‘reach’ requirement from Painting Robots?
The extended reach of robotic arms which covers upto 3,000 mm distance is expected to rise at nearly 13.5% CAGR over the forecast period. The lon reach provides numerous degrees of freedom, can occupy various types of payloads and perform highly maneuverable functions.

Who is the leading end user of painting robots?
The transportation sector is expected to create an absolute dollar opportunity of US$ 2 Bn from 2021-2031. Painting Robots are used in automotive, railways, 2&3 wheelers and aerospace. In automotive industry, noteworthy rise in passenger vehicles and buoyant private sector activity will positively impact the painting robots market.

Floor Cleaning and Mopping Machines Market: IntroductionFloor cleaning machines are automatic or semi-automatic machines that are designed and programmed to clean floors, rugs and carpets with different methods, such as suction, scrubbing and others. Commercial and residential buildings and individual households are the potential customers globally for the floor cleaning and mopping machines market. Depending on the floor type, the floor cleaning and mopping market offers different types of machines, which can be classified into two types, namely professional moping and cleaning equipment and consumer moping and cleaning equipment.

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Floor Cleaning and Mopping Machines Market: Dynamics

With development and upgrades in technology, automatic and semi-automatic floor cleaning and moping machines have gained steady traction as compared to manual floor cleaning machines. Floor cleaning and mopping machines have a sizeable application across many industries, such as chemical, food and beverage, healthcare, commercial and residential buildings and others.

Commercial and residential buildings, entertainment malls and the food and beverage sector contribute the most to the global floor cleaning and mopping machines market. To mitigate infections and germs in the healthcare industry, there is a constant need to keep the floors clean and disinfected, which in turn is giving impetus to the floor cleaning and mopping machines market. Also, strict government rules and regulations to ensure top notch cleanliness in industries drive the floor cleaning and mopping machines market.

Automatic cleaning and mopping machines have low noise levels, are ergonomic and easy to use and conserve water; hence, there is a huge demand, especially in the healthcare sector and in commercial buildings. Also, as cleaning is a repetitive task, automatic cleaning and mopping machines reduce the labor required and thus decrease the manual labor cost. Therefore, these factors will boost the overall market growth of floor cleaning and mopping machines.

However, there are also many factors that are restrain the growth of the floor cleaning and mopping machines market. For instance, floor cleaning and mopping machines are expensive with high maintenance and repairing costs and a number of upgrades and extra spare parts add extra costs, which makes these machines economically less feasible. Also, the floor becomes slippery and could cause accidents, if over buffed.

Floor Cleaning and Mopping Machines Market: Regional Overview

North America dominates the cleaning and mopping machines market, owing to the growing number of institutional and office buildings, skyscrapers and underground structures. During the forecast period, the APEJ region is expected to occupy a greater market, especially China, India and other South East Asian countries, owing to the growth in economic capabilities and huge investments by governments and private sectors in expanding residential and commercial buildings. The Mid-East and Africa region is expected to register a steady growth rate, due to the growing residential and non-residential construction markets, which can be further attributed to the increase in disposable income and improving economy conditions in the region.

Floor Cleaning and Mopping Machines Market: Market Participants

Examples of some of market participants identified in the floor cleaning and mopping machines market are:

• Bortex Industries
• Denis Rawlins
• Hako Group
• Tennant Company
• Wiese
• Alfred Karcher GmbH & Co. KG
• Clemas & Co.
• Eureka S.p.A. Unipersonale
• Nilfisk Group
• Tornado Industries

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

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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
• 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.

Floor Cleaning and Mopping Machines Market: Segmentation

On the basis of end user industry, the floor cleaning and mopping machines market can be segmented into:

• Healthcare
• Automotive
• Household
• Food and Beverage
• Chemical
• Commercial
• Others (E.g. Manufacturing, Retail, etc.)

On the basis of product type, the floor cleaning and mopping machines market can be segmented into:

• Scrubbers
• Walk Behind Scrubbers
• Ride-on Scrubbers
• Cordless Electric Brooms
• Robocleaner
• Vacuum Cleaners
• Steam Cleaner
• Hard Floor Cleaner
• Others (E.g. High Pressure Cleaners, Floor polishers, etc.)

On the basis of method, the floor cleaning and mopping machines market can be segmented into:

• Scrubbing
• Buffing
• Mopping
• Spray Cleaning
• Burnishing
• Others (E.g. Scarifying and Steaming)

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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

Food Sorting Machines Market OverviewAutomation is becoming more of a requirement than an option in the food processing industry. The rigorous quality and cost controls required in the food industry is making it more critical. Production of high grade food requires capable and efficient inspection and sorting systems, in the operations and production line. The food is sorted by color, size, shape, specific gravity prior to inspection and other criteria depending upon the raw material and application.

Global interest is increasing towards the quality of food consumed along with the stringent legislations on product quality and operating procedures. In the food industry, the product specification is extremely important, and is one of those area where new developments are crossing the boundaries. The food industry is under immense pressure of meeting the demands of growing world population.

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The global population is becoming urbanized and there is heavy industrialization seen in the emerging economies. This leads to an upward trend towards convenience foods that are healthy, nutritious and easy to prepare. Food security is an emerging challenge for policy makers and companies in the food supply chain. Over the period food production will be under threat from climate change, competing land uses, erosion and diminishing supplies of clean water. One of the solutions to this dilemma is increased efficiency and waste reduction in the food supply chain. Food sorting machines offer increase in efficiency by selectively filtering out the undesired materials from the main food. The main purpose is separation of foreign seeds and bodies, such as unhealthy or spotted grains. The insertion of optical sorter into strategic positions of the milling process facilitates and optimizes the whole cleaning process. Worldwide the optical sorters are being used in the food industry. Its highly adopted in the processing of harvested foods such as fruits, potatoes, vegetables and nuts where it achieves non-destructive,100%  inspection on full production volume. Since manual sorting is subjective and inconsistent, its not preferred. Optical sorting helps to improve the product quality, increase yields, maximize throughput while reducing labor costs. Since few years the trend is of integration of the traditional mechanical cleaning process with optical sorting machines.

Food Sorting Machines Market: Drivers & Restraints

Growing population, rising urbanization, growing technological awareness, industrialization of emerging economies and increasing per capita income are some of the key factors driving the growth of the food sorting machines market.

Environmental Protection Agency regulations on disposal of food waste, changing consumption patterns and smaller households are few of the probable factors restraining the growth of the food sorting machines market.

Food Sorting Machines Market: Overview 

Though food sorting machines is a new technology for emerging economies like India, but in the developed economies like North America and Europe the same technology is in use for years.

With growing global population and increasing pressure on food industry to meet the customer demands, the acceptance of food sorting machines is gaining popularity. The global food sorting machines market is expected to expand at a promising CAGR during the forecast period (2015-2025).

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Food Sorting Machines Market: Region-wise Outlook

The global food sorting machines market is expected to register a double-digit CAGR for the forecast period. Depending on geographic regions, global food sorting machines market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. As of 2015, North America dominated the global food sorting machines market in terms of market revenue followed by Europe. Asia Pacific & Japan are projected to expand at a substantial growth and will contribute to the global food sorting machines market value exhibiting a robust CAGR during the forecast period, 2015?2025.

Food Sorting Machines Market: Key Players

Some of the key market participants in global food sorting machines market are Tomra Systems ASA, Sesotec GmbH, Buhler AG, Key Technology, BarcoVision, Satake USA 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, types and applications.

The 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, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. 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.

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Food Sorting Machines Market: Segmentation

The global food sorting machines market is broadly classified on the basis of product type, technology and geographies.

Based on product type, the global food sorting machines market is segmented into:

• Channel Sorters
• Freefall Sorters
• Belt Sorters
• ADR Systems

Based on technology, the global food sorting machines market is segmented into:

• Laser
• Camera
• LED
• X-ray

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

The global  dewatering pumps market  is identified as a fairly concentrated market with the organized sector having a share of around 49% of the global market followed by Tier 2 and small scale manufacturers. The principal aim of the manufacturers has been the expansion of market footprint via extension of their product portfolio and strengthening of the sales and distribution network.

Leading players in the market are focused to shift their production bases to Asia Pacific in order to capitalize on the economies of scale. The global market, characteristically, is poignant towards consolidation. Several mergers were seen during the recent past; the same trend is anticipated to continue over the coming years with profitability to remain as the core strategy behind these acquisitions.

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Long-term tie-ups with EPC (Engineering Procurement and Construction) companies are expected to provide high and stable sales to international manufacturers of dewatering pump. Most sales of small and medium capacity pumps take place through distributors and retailers, which generally hold multi-branded & wide variety products at their shelves.

Providing integrated offerings through diverse range of products and developing strong distribution and aftersales service network at regional and local level can provide significant opportunities for growth. In order to gain competitive advantage, strong focus on life-cycle costs analysis, including reducing operating costs through energy-efficient solutions, is highly required for product differentiation.

According to the report by Future Market Insights (FMI), the global dewatering pumps market is expected to witness a CAGR of 5.2% from 2018 to 2028. In 2017, the market was worth US$ 5,498.6 Mn and is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.

Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand

Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.

An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.

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Market Taxonomy

By Equipment

• Civic Infrastructure Construction
  • Commercial Construction
  • Tunnels
• Mining & Metals
• Paper & Pulp
• Chemicals
• Power Generation
• Food & Beverages
• Municipal
• Others

By Capacity

• 0.5-3 hp
• 3-10 hp
• 10-50 hp
• Above 50 hp

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Middle East & Africa
• China
• South East Asia & Pacific (SEAP)
• India
• Japan

By Application

• Sludge Pumps
• Slurry Pumps
• Drainage Pumps
• Hybrid Pumps

By Technology

• Positive Displacement Type
• Centrifugal Type

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Low Priced China-based Pumps to Act as Hindrance to Market Growth The presence of numerous Chinese players who are offering low-priced pumps acts as a restraint to most regional and global players offering pumps. The surging price pressure from these players is influencing the main suppliers to offer high-quality, reliable, efficient, and technologically-advanced pumps at competitive prices. However, the price sensitive nature of the market is a restraining factor on overall revenue growth potential of the global pump market.

Emergence of China as a major producer of low cost pumps, is has disrupted the market to a certain extent. In order to overcome this challenge, international pump vendors need to differentiate their products through various additional services and integration of advanced technologies.

The global automotive timing chain and belt market was pegged at 114,517 ‘000 units in 2022 and is expected to reach 166,277 ‘000 units by the end of 2027. The market is projected to increase at a volume CAGR of 3.8%.

According to a new report by Future Market Insights titled “Automotive Timing Chain & Belt Market: Global Industry Analysis (2012–2016) and Opportunity Assessment (2022–2027),” global sales of automotive timing chains and belts was valued at US$ 6,754.7 Mn in 2022 and is projected to increase at a CAGR of 4.2% over the forecast period to be valued at US$ 10,209.9 Mn by 2027. This growth is primarily driven by an increase in vehicle production across key geographies.

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Global Automotive Timing Chain & Belt Market: Dynamics

• Urban logistic control increases the demand for automotive belts and chains
• Growing lifespan of used automobiles to boost the automotive aftermarket sales of automotive timing systems
• Shift of component manufacturers’ focus towards existing opportunities in Eastern Europe is driving expansion of the local production base
• Research, development and innovation of automotive time/chain components is a key growth driver

Global Automotive Timing Chain & Belt Market: Forecast by Product Type

On the basis of product type, the global automotive timing chain and belt market is segmented into chain, roller chain, non-roller chain, belt, dry belt, and belt in oil. Belt, followed by the chain segment, remains lucrative and will dominate market demand over the forecast period, primarily due to the fact that these products offer longer life and efficient operations in real-time working conditions in all vehicle types.

Global Automotive Timing Chain & Belt Market: Forecast by Vehicle Type

On the basis of vehicle type, the global automotive timing chain and belt market is segmented into passenger car, LCV, HCV, and off highway vehicle. The passenger car segment is anticipated to emerge as an opportunistic segment due to the growing consumer preference for advanced and more efficient timing chains and belts.

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Global Automotive Timing Chain & Belt Market: Forecast by Engine Type

On the basis of engine type, the global automotive timing chain and belt market is segmented into gasoline and diesel. By engine type, in terms of volume, gasoline engine is expected to remain the most attractive segment in the global automotive timing chain and belt market over the forecast period, growing at a volume CAGR of 3.7%.

Global Automotive Timing Chain & Belt Market: Forecast by Sales Channel

On the basis of sales channel, the global automotive timing chain and belt market is segmented into OEM and aftermarket. The OEM segment is anticipated to gain prominent market share during the forecast period as OEM sales are directly proportional to the production rate of vehicles globally. Moreover, the increasing production of vehicles in the emerging economies in Latin America and MEA is likely to propel the demand for automotive timing chains and belts.

Global Automotive Timing Chain & Belt Market: Forecast by Region

APEJ is a prominent regional market and is anticipated to dominate the global demand for automotive timing chains and belts, followed by Western Europe. Noteworthy increase in sales in markets such as China, India, Mexico and Turkey among others is expected during the forecast period.

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Global Automotive Timing Chain & Belt Market: Key Players

Some of the key players operating in the global market for automotive timing chains and belts include Tsubakimato Chain Co., BG Automotive, Continental AG, BorgWarner Inc., Denso Corporation, Schaeffler Technologies AG & Co. KG, Mitsuboshi Belting Ltd., L.G. Balakrishan & Bros Ltd, Daido Kogyo Co. Ltd., SKF AB, Iwis Group, Gates Corporation, Dayco Products LLC, Qingdao Choho Industrial Co. Ltd., Rockman Industries Ltd., Sumax Industry Limited, CIC USA Corp, KCM Automobile Transmission Co. Ltd., and Mahle GmbH.

About the Automotive Division of FMI

The automotive division of FMI offers a novel approach and innovative perspective in the analysis of the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders, and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

Scope of Report

Explore FMI’s Extensive ongoing Coverage on Automotive Domain

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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.

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