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As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is anticipated to reach US 1.1 Bn in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a 5.7% CAGR through 2031.

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Increasing applications of heat recovery steam generators in combined cycle plants will continue driving sales during the assessment period. Heat recovery steam generators supply steam to steam turbine cycles, which is emerging as the most effective way to generate electricity in recent years.

In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forthcoming years.

Further, sophisticated customization and innovative product solutions offered by OEM’s and heat recovery steam generator players will continue providing tailwinds to sales.

As per FMI’s regional analysis, the U.K. is anticipated to lead the European heat recovery generator market. Stringent regulations regarding carbon emissions in the European Union, coupled with increasing adoption of renewable energy sources will enhance growth prospects through 2031.

“Increasing investments in the power generation sector to improve efficiency, coupled with inorganic growth strategies adopted by OEMs for better market reach will continue augmenting growth in the forthcoming years,” says the FMI analyst.

Key Takeaways:

Fully assembled heat recovery steam generators will remain the most preferred type of design.
In terms of configuration, horizontal drums will account for maximum sales.
Based on output power, the 0-60 MW segment is poised to experience high demand.
Combined heat and power plants will dominate the application segment.
The U.S. is anticipated to witness high demand for heat recovery steam generators, owing to increasing energy production and the need for sustainable methods. The North American market is poised to grow at a 4.4% CAGR.
The U.K. will continue leading the European heat recovery steam generator market, expanding at a 4.6% CAGR.

Demand for heat recovery steam generators will continue rising in China, due to the rising adoption of combined cycle plants.
India will emerge as a lucrative market, owing to government-backed initiatives promoting renewable energy production.
Japan and South Korea will collectively account for 5% of the total market share.

Competitive Landscape

Cleaver-Brooks, Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmače, a.s., and Xizi United Holdings Limited are some players operating in the heat recovery steam generator market profiled by FMI.

The top 5 players in the market include General Electric, Siemens AG, CMI Group, John Wood Group plc, and Mitsubishi Hitachi Power Systems Ltd., accounting for 75.5% of the total market share.

Leading players, as a part of their growth strategies, are focusing on strategic collaborations, mergers, and acquisitions to expand their global footprint and improve their product portfolios. For instance:

In August 2021, Siemens Energy and state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based, including a 100-200 MW pilot electrolyzer facility for the clean energy industry.
In August 2021, Mitsubishi Power’s Philippines unit secured a three-year term service agreement to maintain boilers of the Davao coal plant of Aboitiz Power Corp. The agreement is intended to maintain reliable energy access in Mindanao.

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Heat Recovery Steam Generator Market by Category

By Design Type:

Modular Construction
C-Section Construction
Bundle Construction
Fully Assembled

By Configuration Type:

Horizontal Drum Units
Vertical Drum Units
Horizontal-Once Through Units

By Output Power Type:

0-60 MW
60-100 MW
100 MW & Above

By Application Type:

Co-generation (Process Heating)
Combined Cycle
Combined Heat & Power (CHP)

By Region, the Heat Recovery Steam Generator Market is segmented as:

North America
Latin America
Western Europe
Eastern Europe
China
Japan
India
Southeast Asia & Others (SEA)
Middle East & Africa (MEA)

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More Insights into the Heat Recovery Steam Generator Market Report

In its latest report, FMI offers an unbiased analysis of the global heat recovery steam generator market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. To understand the global market potential, its growth, and scope, the market is segmented based on design type (modular construction, c-section construction, bundle construction, and fully assembled), configuration type (horizontal drum units, vertical drum units, and horizontal once-through units), application type (co-generation, combined cycle, and combined heat & power), output power type (0-60 MW, 60-100 MW, and 100 MW) and across seven regions (North America, Latin America, Eastern Europe, Western Europe, the Asia Pacific excluding Japan (APEJ), Japan, and the Middle East & Africa).

[230 Pages Report] Vapour Recovery Units Market was valued at US$ 878 Bn in 2018 and is expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029. Vapor recovery units based on the adsorption principle will continue to shape the market landscape in the coming years. While considering cost and operational efficiency, adsorption-based VRUs are a universal choice among end-users. Moreover, these vapor recovery units would near revenue worth around US$ 1 Bn towards the end of the projection period. However, VRUs based on membrane separation technology are likely to witness greater demand growth owing to their straightforward installation and usage.

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Vapour recovery units arrest vapour escaping from storage tanks, and help reduce VOC emissions by nearly 90%. Growing government restrictions and new regulations on the levels of VOC emissions are anticipated to elevate the sales of vapour recovery units across the world. These units also play a major role in reducing loss of crude oil through storage tanks in upstream and downstream operations.

As a result, notable growth in crude oil storage tanks across the globe is projected to fuel the sales of vapour recovery units over the coming years. According to a recent research report published by Future Market Insights, the vapour recovery unit market was valued at US$ 878 Bn in 2018, and expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029.

“North America and Europe are anticipated to retain their prominent shares in the market throughout the forecast years, due to their established markets for upstream and downstream applications. However, APEJ and MEA are anticipated to provide lucrative growth opportunities on the back of development of the oil & gas sector in these regions.”

Key Takeaways of Vapour Recovery Unit Market Study

• Growing production and consumption of oil has resulted in a rise in the number of oil exploration units and refineries across the globe. Increment in storage batteries and tanks, in turn, is anticipated to propel the demand for vapour recovery units during the foreseen period.
• Price volatility of crude oil and increasing loss of oil due to vapour escape from storage vents will to fuel the requirement for vapour recovery units. These units restrict crude oil wastage due to vapour loss; hence, their utilization is anticipated to increase in upstream as well as downstream applications in the coming years.
• Environmental regulations regarding VOC emissions have become stricter across the European Union and North America. Increasing greenhouse emissions and commitment of various organizations towards sustainable development are anticipated to further motivate end users to ensure strict adherence to guidelines and regulations. The use of vapour recovery units helps these manufacturers meet these standards of emissions.
• North America and Western Europe are anticipated to hold substantial share in the market. The prominence of potential VRU manufacturers in these regions will spur market growth.

Vapour Recovery Unit Market: Competitive Landscape

The vapour recovery unit market is highly fragmented, with the presence of numerous players across the globe. Different players in the market have substantial sales footprint in specific regions. These players include John Zink Company LLC, Zeeco Inc., and Gardner Denver Holdings Inc. Key players are adopting market strategies such as sales channel development, business partnerships with prominent players, as well as development of more advanced and efficient products that can meet emission standards.

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VAPOUR RECOVERY UNITS MARKET TAXONOMY

The global vapour recovery units market is segmented in detail to cover every aspect of the market, and present complete market intelligence to readers.

Technology

• Membrane Separation
• Adsorption
• Condensation
• Absorption

Application

• Marine Loading
• Truck Loading
• Railcar Loading
• Pipelines
• Storage Tank Vents

Process

• Upstream
• Downstream

End Use

• Oil & Gas Compressors
• Landfills
• Brewery and Food Processing
• Others

Region

• APAC
• Americas
• Europe
• MEA

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Know More About Vapour Recovery Unit Market Report

The research report provides analysis of sales by total volume (Units) and value (US$ Mn), with the market being bifurcated according to technology, application, process, and end use, across four regions. The report also includes global competition analysis with the sales footprints of key players, regional competition landscape, and competition dashboard, and provides a competition analysis section that includes market footprint analysis, structure analysis, competition development, competition dashboard, and other crucial information about global and regional players in the vapour recovery unit market.

Future Market Insights also includes forecast factors such as GDP forecast, oil and gas industry upstream production, downstream production, as well as developments and technology advancements by market participants.

Global demand for tool holders, specifically arising from the automotive and defense, and aerospace industries will witness a relatively steady growth between 2018 and 2028, as predicted by Future Market Insights (FMI) in its recently released market intelligence report.

While the demand for tool holders will be largely driven by emerging economies, in particular the manufacturing sector, China is likely to make substantial investments in high-performance cutting tools, considering the robust manufacturing and industrial output in the region.

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In other developing countries such as the Philippines and Bangladesh, the positive scenario and policies, infrastructure, and steps, which are being taken to promote business, especially the manufacturing sector, will have a positive impact on the tool holders market offering huge opportunities for investors.

As per the report, the global tool holders market will top US$ 1 Billion by 2019. Moreover, growing demand for high precision products with increased output capacity is propelling the demand for advance tool holders in the global market, opines FMI.

Key Market Insights at a Glance:

• The demand for tool holders is anticipated to grow at a moderate pace over the forecast period.
• The Asia Pacific is estimated to hold a prominent share of the global tool holders market.
• Initiatives by regional governments are likely to encourage the movement of low-cost manufacturing towards parts of South-East Asia, thereby creating healthy growth prospects create healthy growth opportunities in the Asia Pacific region.
• China will remain the largest consumer of machine tools, followed by the U.S.
• The tool holders market is consolidated with Tier-1 players accounting for significant shares.
• The top three players of the market are estimated to account for more than a 50% market share.
• Based on types of the tool holder, the hydraulic tool holders segment is slated to remain a high value – high growth segment.
• In terms of end-use, general machining and fabrication and the automotive industries are likely to push maximum revenue into the tool holders market. The two end-use industries are estimated to collectively account for around 47% value share in the global tool holders market.
• BT Flange Taper will remain the most preferred taper type among CNCers, in terms of volume and value, given its high degree of accuracy and precision, in any high-speed machining operations.

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Laser Cutting Technologies Could Restrict Tool Holders Sales

Laser cutting, a streamlined and precision manufacturing process, is likely to pose challenges for tool holders given its ability to not just cut materials but also apply finish to a product. Apart from lower risks of material deformation or warping, since there is no direct contact between the material and the laser cutting device, chances of incorrect markings and contamination are further reduced. Although laser cutting could be technically challenging and costly, end-use industries demanding high cutting precision such as automotive, are projected to replace traditional tool cutting equipment. However, high market penetration of relatively low-cost tool holders

May restrict the demand for new and more advanced tool holders despite their high accuracy and ease of handling.

Takeaways from Competitive Landscape Analysis

• In a moderately consolidated landscape, tier-1 companies such as Kennametal Inc., Sandvik AB, and BIG DAISHOWA Group among others hold approximately 55-65 percent market share.
• Tier-2 companies, on the other hand, hold nearly 35-45 percent market share. Such companies include Guhring, Inc., CERATIZIT GROUP, KYOCERA UNIMERCO A/S, Kemmler Precision Tools GmbH, and Haimer GmbH among others.
• Key players are projected to focus on enhancing product quality by implementing new technologies, tough and long-lasting equipment, and consumables materials with added features at a competitive price.
• Top companies are also looking to target major manufacturing industries such as metal fabrication and automotive by offering high cutting accuracy with increased productivity.

Tool Holders Market: Segmentation

Taper Type

• R8
• Morse Taper
• V-Flange Taper
• BT Flange Taper
• NMTB
• HSK

Tool Holders Type

• Collet Chuck
• End Mill Holders
• Hydraulic Toolholders
• Milling Chucks
• Shell Mill Holders
• Shrink Fit Holders

Machine Type

• CNC Machining Centre
• Vertical Machining Centre
• Horizontal Machining Centre
• CNC Turning Centre
• Others (CNC Drillers, CNC Lathe, etc.)

End Use

• Automotive
• Aerospace & Defence
• Electronic
• General Machining & Fabrication
• Medical & Research
• Construction
• Heavy Engineering

Regions

• North America
• Latin America
• Eastern Europe
• Western Europe
• SEA & Other APAC
• Middle East & Africa
• China
• Japan

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[280 Pages Report] Commercial Refrigeration Equipment Market will exceed revenues worth US$46 Bn by 2019 end, likely to surge to a vigorous 4% CAGR during the assessment period 2019 -2029

$46Witnessing an uptick of 3.4% over 2018, the worldwide sales of commercial refrigeration equipment will exceed revenues worth US$ 46 Bn by 2019 end. As showed by a recent research study of Future Market Insights (FMI), the market for commercial refrigeration equipment will progress at a moderate CAGR over 2019 – 2029. The demand would be prominently driven by greater production of F&B goods and a preferential shift of consumers towards quick service restaurants (QSRs), at a global level.

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Sustainable and energy-efficient refrigeration systems will become a norm across the end-use industries, which should compel manufacturers to increase their investments in R&D and product innovations. Leveraging energy-efficient technologies to offer low global warming potential (GWP) products with rich functionalities will be the ticket to capturing significant market share in the long run.

COMMERCIAL REFRIGERATION EQUIPMENT MARKET KEY TAKEAWAYS

Growing demand for ready-to-eat products and expanding retail outlets are driving the sales of commercial refrigeration equipment. North America and Europe would collectively account for over half of the market value share by 2029 end. The food services sector will remain prominent application area to invest in, for commercial refrigeration equipment market players. The enforcement of new refrigerant regulations such as the EPA 680 Upgrade, and the Kigali Amendment for the phase-down of HFC refrigerants will largely affect the market growth. The higher average unit cost of freezers & refrigerators eludes lower volume sales vis-à-vis value gains, with just about 2.6 million unit sales in 2018. Glass door merchandizers that account for around a third of total volume sales continue to see relatively low revenue generation as compared to freezers & refrigerators. Sales of beverage dispensers and display cases across end-use industries will show a moderate increase year-over-year in 2019, which will collectively represent nearly 16% of total commercial refrigeration equipment sales in that year.

Manufacturers who are keeping the innovation quotient high and providing turnkey solutions to meet regulatory requirements, with safety to end users at the core, will be rewarded in the long run.

Chinese Players Striving to Win Home Market​

In developed markets, rapid acceptance of alternative refrigerants to benefit from regulatory standards along with expansion of F&B processing industries continues to contribute to the development of the commercial refrigeration equipment market. The growth of Asia Pacific’s commercial refrigeration equipment market was influenced by a shift of Asian eating habits towards western-style convenience food. With the ability to manufacture their own compressors, Chinese companies are gaining competitive edge to reign supreme in their home market with indigenous brands.

Competition Trends

In 2018, the top four stakeholders, including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation, collectively accounted for 20-25% revenue share. The emergence of many young players in developing countries has resulted in price competition, with leading market players losing their profit margins. Market fragmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of the local players.

Commercial Refrigeration Equipment Market Taxonomy

The global commercial refrigeration equipment market is segmented to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product

Beverage Refrigerator Drinking Fountain Soda Fountain Beer Dispensing Equipment Beverage Coolers Freezers & Refrigerators Freezer & Chillers Blast Chiller/Stock Freezers Contact Freezers Refrigerators Walk-in-Refrigerators Reach-in Refrigerators Transportation Refrigerators Trailers Trucks Shipping Containers Glass Door Merchandizers Hinged Door Sliding Door Display Cases Ice Cream Cabinets Bakery/Deli Display Beverage Dispensers Refrigerated Vending Machine Ice Machine Ice Scream Machine

By Application,

Food Services, Food & Beverage, Retail Food & Beverage, Production Food & Beverage, Distribution

By Region

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

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Learn More About What the Report Covers

This FMI report is an extensive analysis of the global commercial refrigeration equipment market that offers actionable insights on how the market growth will unfold over the forecast period, 2019 – 2029. The market for commercial refrigeration equipment has been categorized into various segments for analysis, based on the type of refrigeration equipment, application area, and region. The study provides valued information on key competition trends and most preferred developmental strategies of leading market brands.

[243 Pages Report]  Water softening Systems market will total US$ 10.82 Bn by the end of 2021 As per Future Market Insights (FMI) analysis, exhibiting year on year growth of 4.5% between 2020 and 2021. Healthy growth projections remain constant for the forecast period of 2021-2031.

Water softening systems demand outlook remains positive, with the market size projected to expand at a robust 6.5% CAGR over the assessment period. Awareness regarding water quality and policies favoring the implementation of advanced technologies will create a conducive environment for growth.

As per ESOMAR-certified consulting firm Future Market Insights (FMI) recent market survey, the global water softening systems market is anticipated to expand at a robust 6.5% CAGR between 2021 and 2031, surpassing a market valuation of US$ 10.82 Bn in 2021.

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[275 Pages Report] The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031.

According to the study, the overall telecom tower power system market worth is expected to reach US$ 6.7 Bn by 2031. While outdoor telecom tower power systems are expected to remain dominant, indoor telecom tower power system will witness a surge in demand, exhibiting growth at 7.1% CAGR in 2021.

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In spite of the recessionary effect of the COVID-19 pandemic in 2020, the telecommunication industry in terms of essential service sector has remained unaffected. With the continual demand for high energy efficient solutions, growth of telecom tower power systems is expected to reflect an upward trajectory for the foreseeable future.

Demand for telecom tower power systems is increasing with the rise in the volume of telecom tower networks in recent years. This can be attributed to an increase in investments and expansion of new telecom infrastructure projects in developing nations.

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

Increasing number of players focusing on research and development related to telecom tower power systems is anticipated to contribute towards market growth in the years to come.

Telecom Tower Power System Market Snapshot

The telecom tower power system market is expected to register year-on-year growth at 5.8% in 2021, with the overall valuation forecast to reach US$ 3.5 Bn. As per a Future Market Insights (FMI) analysis, sales of telecom tower power systems is expected to increase at 6.7% CAGR between 2021 and 2031.

According to the study, the overall telecom tower power system market worth is expected to reach US$ 6.7 Bn by 2031. While outdoor telecom tower power systems are expected to remain dominant, indoor telecom tower power system will witness a surge in demand, exhibiting growth at 7.1% CAGR in 2021.

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Key Takeaways from Telecom Tower Power System Market Study

Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations. The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems. The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021. The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade. Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

“The telecom tower power system market is growing at a strong pace driven largely by increasing demand for energy efficient power systems. Increasing investments in the telecommunication industry for the expansion of telecom infrastructure projects will create extensive opportunities for telecom tower power system manufacturers. Industry participants are investing in expansions, strategic alliances, and energy efficient solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Who is Winning?

The telecom tower power system market is moderately consolidated, with key players accounting for more than 55% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to 

Delta Electronics Inc., Cummins Inc., Huawei Technologies Co., Ltd, Eaton Corporation PLC, Vertiv Group Corporation, STMicroelectronics NV, ZTE Corporation, and ABB Ltd.

Find More Valuable Insights

The research report analyzes demand for telecom tower power system. The global telecom tower power system market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product type, power source, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

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About Industrial Automation Division at Future Market Insights

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

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