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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.

Global heat recovery steam generator market to reach US$ 1.1 Bn in 2021. Demand for energy-efficient solutions for power generation, coupled with increasing investments in power plant efficiency enhancements are identified as chief growth drivers.

Owing to these factors, the market is estimated to grow at a steady 5.7% CAGR, with the U.K., the U.S., Germany, and Japan emerging as key producers.

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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, 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 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 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.

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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.

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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Key Segments:

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, Heat Recovery Steam Generator Market is segmented as:

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

Future Market Insights has recently published its latest report on the synchronous condenser market, which includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report explores the synchronous condenser market and highlights important insights during the forecast period of 2019-2029. As per the key findings, the global synchronous condenser market is anticipated to experience prominent growth over the forecast period, due to multiple driving factors such as increasing number of HVDC projects in developing economies such as India, Indonesia, China, and conversion of conventional generators & cooling plants to synchronous condensers.

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

Newer Opportunities Identified in Middle East & Africa

Regions such as North America and Europe, are likely to hold prominent market shares in terms of value. However, the South Asiam market is estimated to project lucrative growth in the global synchronous condenser market over the forecast period of 2019-2029. This growth in the region is propelled by the rapid technological advancements and growing number of HVDC projects in prominent countries such as India and Indonesia, among others.

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Furthermore, the market of synchronous condensers is expected to grow predominantly in prominent countries of Middle East and Africa including Saudi Arabia, Kuwait, Qatar, Abu Dhabi, Nigeria, and U.A.E., owing to various macroeconomic factors such as growing urbanization, stable political & social backdrop, and rapid industrialization. Increasing number of market players in the region have gained the confidence of foreign investors and grid operators to invest in the market. Moreover, refurbishment of synchronous condensers from old conventional plants and generators to new machines have added expressively positive momentum over the few past years. Also, rapidly growing number of HVDC projects in MEA and installment of sustainable energy plants have boosted the demand for synchronous condensers to provide stability and robust functioning of power plants. These factors have resulted in significant growth of the synchronous condenser market in the region.

Key Segment

By Product

• New synchronous condenser
• Refurbished synchronous condenser

By Cooling Type 

• Air cooled
• Hydrogen cooled
• Water cooled

By Power Rating

• Less than 50 MVAR
• 50 to 80 MVAR
• 80 to 100 MVAR
• 100 to 150 MVAR
• 150 to 200 MVAR
• Above 200 MVAR

By Starting Method

• Static frequency converter
• Pony motors
• Others

By End Use

• Electrical power utilities
  • Electric grids
  • Solar farms
• Mining
• Commercial
• Others

By Region 

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

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

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

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

Synchronous Condenser Market: Vendor Insights

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

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

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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

As per the latest study by Future Market Insights (FMI), the global smart water grid market is likely to witness robust growth during the forecast period. Registering 18.8% CAGR, the market is projected to reach US$ 52,212.3 million revenue by the end of 2026. Key priorities including carbon footprint reduction and financial savings are driving water utilities to optimize operations by deploying advanced analytical software, automation, control, design and other services. Increasing focus on integrating smart water grid with information and communication technologies is leading to the remote maintenance, monitoring, and tracking.

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Various advanced features in smart water grid that are expected to drive the market are demand prediction, real time sensing, quality monitoring, ease of detecting leak and burst, supporting planning and operations and helping in reducing water loss. Increasing emphasis on improving water management and supply, developing accurate billing method, reconstruction of old water infrastructure are some of the factors contributing to the growth of the smart water grid market. Municipalities across various countries are focusing on implementing smart water grid technology that can offer information and communication technologies at the same time in a single smart water management scheme, thus increasing efficiency. Increasing investment in repairing old water infrastructure and improvement in water distribution systems are also driving the market for smart water grid.

Key Highlights on the Global Smart Water Grid Market

The global market for smart water grid is segmented on the basis of application, technology, and region. On the basis of region, North America is expected to remain dominant in the global market for smart water grid throughout the forecast period 2017-2026. Owing to the advancement in technologies, increasing initiatives by the government to improve water infrastructure and stringent regulations, North America is witnessing a significant growth in the smart water grid market.

Meanwhile, Asia Pacific Excluding Japan (APEJ) and Europe are also likely to witness the growth in the market during 2017-2026. Due to the increasing demand for new installations for water supply, and the increasing awareness about using smart water grid in order to conserve the limited fresh water are fueling the growth in APEJ. While, Europe is witnessing rise in the water infrastructure development and strong government support, thereby resulting in the increasing deployment of smart water grid.

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On the basis of technology, the market is segmented into design & engineering, ICT & analytical software, smart infrastructure, and control & automation. Among these, smart infrastructure is expected to witness the highest growth in the global market for smart water grid. By the end of 2026, smart infrastructure is projected to exceed US$ 2,200 million revenue.

Based on the application, the market segment consists of commercial, residential, and utility. Smart water grid is expected to find the largest application in the utility segment. By 2026 end, utility is estimated to bring in nearly US$ 24,900 million revenue. Meanwhile, commercial segment is also likely to witness robust growth in the global market for smart water grid.

Key Players Competing to Sustain in the Market

Siemens AG, Itron Inc., Sensus Worldwide Holdings Ltd., Badger Meter, Inc., Neptune Technology Group Inc., Schneider Electric, Toshiba Corporation, The Whitmore Group Arqiva, Wetsus, ABB Group, ICT, co., Ltd., Prezi Inc., and Xinapse Systems Ltd., are some of the key players operating in the global smart water grid market.

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Market Taxonomy

Region

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

Technology

• Smart Infrastructure
• Control & Automation
• ICT & Analytical Software
• Design & Engineering

Application

• Residential
• Commercial
• Utility

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Future Market Insights has published a new market research report on the medium voltage transformer market that contains global industry analysis during 2014–2018 and opportunity assessment during 2019–2029. The report covers the latest trends, key success factors, market influencing factors, key information, forecasting factors, macroeconomics factors, and past market scenario. The report analyzes the medium voltage transformer market and provides critical insights for the forecast period of 2019-2029. The global medium voltage transformer market size is estimated to reach ~US$ 10 Bn in 2019, and expand at a CAGR of ~5% during the projected period of 2019-2029.

Medium Voltage Transformer Market – Key Research Findings

1. The global medium voltage transformer market size in 2019 is set to reach ~US$ 10
2. The medium voltage transformer market is anticipated to grow at a CAGR of ~4% during the forecast period of 2019-2029.
3. APEJ is projected to be an opportunistic market for the medium voltage transformer market by the end of 2029.
   • The APEJ medium voltage transformer market is predicted to be one of the most profitable markets for medium voltage transformers, owing to the increasing government investments on electricity production. As the population of APEJ is increasing rapidly, the region is expected to create higher demand for electricity. Hence, various governments are planning to increase the capacities of their power generation plants. Capacity expansion of these power plants will lead to high demand for medium voltage transformers for transmission and distribution, which, in turn, will drive the regional market growth.
4. Oil immersed medium voltage transformer is expected to remain the most preferred product among the end-use industries.
5. Growing industrial application of medium voltage transformers is expected to create incremental $ opportunity of ~US$ 3 Bn over the forecast period.

Medium Voltage Transformer Market: Segmentation

The global medium voltage transformer market is segmented into five categories based on rating, product type, configuration, application, and region.

Rating

• 1,200 kVA
• 1,500 kVA

Product Type

• Dry
• Oil Immersed

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Report Chapters

Chapter 01 – Executive Summary

The executive summary of the medium voltage transformer market includes a summary of the market trends, key findings, trends, and analysis and recommendations for market growth.

Chapter 02 – Market Overview

Market definition, key inclusions, and market taxonomy of the medium voltage transformer market report are covered in this chapter.

Chapter 03 – Key Market Trends

A description of key market trends currently transforming the medium voltage transformer market landscape are presented in this section.

Chapter 04 – Key Success Factors

This chapter provides a list of key success factors for manufacturers in the medium voltage transformer market.

Chapter 05 – Global Medium Voltage Transformer Market Demand Analysis 2014-2018 & Opportunity Assessment 2019-2029

Value analysis and forecast for the medium voltage transformer market for the 2014-2029 period are provided in this chapter.

Chapter 06 – Pricing Analysis

Pricing analysis of the medium voltage transformer on the basis of product type is mentioned in this chapter. Weighted average price for the global region along with volumetric share of the product type can be found in this chapter.

Chapter 07 – Global Medium Voltage Transformer Market Value Demand Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter provides historical market value for the period 2014-2018 along with market forecast for the projected period of 2019-2029. Absolute $ opportunity and market trends for the medium voltage transformer market are also mentioned in this chapter.

Chapter 08 – Market Background

The market background section of the medium voltage transformer market report covers macro-economic factors, drivers, restraints, opportunity analysis and forecast factors, which are anticipated to influence the growth of the market over the projected period.

Chapter 09 – Global Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Rating

Based on rating, the medium voltage transformer market is segmented into 1200 kVA, 1500 kVA, 2000 kVA, and 2500 kVA. In this chapter, readers can find information about the key trends and developments in the medium voltage transformer market and market attractiveness analysis.

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Chapter 10 – Global Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Product Type

This chapter provides details about the medium voltage transformer marketbased on product type, and has been classified into dry, oil immersed, and VPI. In this chapter, readers can understand the market attractiveness analysis based on the product type.

Chapter 11 – Global Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Configuration

This chapter provides details about the medium voltage transformer marketbased on configuration, and has been classified into single phase and three phase. In this chapter, readers can understand the market attractiveness analysis based on the configuration.

Chapter 12 – Global Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Application

This chapter provides details about the medium voltage transformer marketbased on configuration, and has been classified into building establishment, civic infrastructure, industrial, and IT – data & server centers. Building establishment is again segmented into residential and commercial. In this chapter, readers can understand the market attractiveness analysis based on the application.

Chapter 13 – Global Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029, by Region

This chapter provides the medium voltage transformer marketgrowth across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA (Middle East & Africa).

Chapter 14 – North America Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029

A detailed analysis of growth trends of the North America medium voltage transformer market, pricing analysis, regional trends, along with a country-wise assessment that includes the U.S. and Canada is included in this chapter.

Chapter 15 – Latin America Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Growth scenario of the medium voltage transformer market in Latin American countries like Brazil, Mexico, and the Rest of Latin America, along with assessment of the market across target segments has been provided in this chapter.

Chapter 16 – Western Europe Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Important growth prospects of the medium voltage transformer market based on its end users in several countries such as Germany, Italy, France, the U.K., Spain, BENELUX, and the Rest of Western Europe are included in this chapter.

Chapter 17 – Eastern Europe Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Important growth prospects of the medium voltage transformer market based on its end users in several countries such as Russia, Poland, and the Rest of Eastern Europe are included in this chapter.

Chapter 18 – APEJ Medium Voltage Transformer Market Analysis 2014-2018 & Opportunity Assessment 2019-2029

A detailed analysis of growth trends of theAPEJ medium voltage transformer market, pricing analysis, regional trends, along with a country-wise assessment of China, India, Thailand, ASEAN, Australia & New Zealand and the Rest of APEJ are presented in this chapter.

Chapter 19 – Japan Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029

Important growth prospects of the Japan medium voltage transformer market are included in this chapter.

Chapter 20 – MEA Medium Voltage Transformer market Analysis 2014-2018 & Opportunity Assessment 2019-2029

This chapter highlights the growth of the medium voltage transformer market in MEA by focusing on GCC Countries, Northern Africa, Turkey, South Africa, and Rest of Middle East & Africa

Chapter 21 – Market Structure Analysis

In this chapter, detailed information about the competition tier structure analysis and market concentration of key players in the medium voltage transformer market, along with their market presence analysis by region and product portfolio.

Chapter 22 – Competition Analysis

Detailed analysis of key players in the medium voltage transformer market with company overview, financial performance, strategic overview, and SWOT analysis are presented in this chapter. Some of the market players featured in the report are Siemens AG, ABB Group, General Electric Company, Fuji Electric Co., Ltd., Hitachi, Ltd., Hammond Power Solutions Inc., Kirloskar Electric Company, and MGM Transformer Company, among others.

Chapter 23 – Assumptions and Acronyms

A list of acronyms and assumptions used in the medium voltage transformer report.

Chapter 24 – Research Methodology

A description of research methodology used to obtain the market size of the medium voltage transformer market is detailed in the section.

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.

Future Market Insights’ new report gives a clear overview of the global lamella clarifier market. The report is titled ‘Lamella Clarifier Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2027’. The report depicts the overall performance of the market and individual analysis of the various segments. According to the report, the global market is expected to hold a value of over US$ 420 Mn in 2017, reaching a valuation in excess of US$ 620 Mn by the end of 2027. The global lamella clarifier market is expected to grow at a CAGR of 4.1% during the forecast period. The report also suggests that there is a strong focus on research and development activities to introduce a new range of lamella clarifiers while maintaining the quality and efficiency of the product.

A lamella clarifier is a type of settler designed to remove particulates from liquids. It is often used in primary water treatment in place of conventional settling tanks. The working principle of a Lamella Clarifier is based on the settling under the gravity, which provides a series of inclined plates to give a large projected surface area with comparatively smaller footprint than other types of clarifiers (circular and rectangular). Lamella Clarifiers find application in various end-use industries such as paper and pulp, food and beverage etc.

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Global Lamella Clarifier Market: Dynamics

A lot of factors are responsible for influencing the growth of the global lamella clarifier market. One of the major factors contributing to the growth of market is a rapid industrialisation and urbanisation across the globe that have helped the market improve in a lot of ways including technologically. Also the increase in the number of industries all over the world have helped fuel the application of lamella clarifiers, in turn helping the global lamella clarifier market to witness steady growth.

However the market is expected to face certain restraints as the increase in the number of industries is likely to magnify the competition levels in the global market and therefore, may narrow the profit margin of the companies. There is also an increase in demand for used clarifiers, which has limited the demand for new lamella clarifiers and this can restrict the revenue growth of the global lamella clarifier market.

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Global Lamella Clarifier Market: Segmental Highlights

To give the research a holistic view, the global lamella clarifier market is segmented on the basis of application and region. On the basis of application the segments include industrial segment and municipal segment. On the basis of region, North America, Latin America, APEJ, Western Europe, Eastern Europe, MEA, Japan are studied in this report.

Here are some key highlights from the analysis of these segments:

• Among the application segments, industrial segment is expected to lead the market with a market value of over US$ 260 Mn in 2017. This includes the chemical and fertilizer segment as the maximum contributing sub-segment with a market share of over US$ 52 Mn in 2017.
• Among the regions, Asia Pacific excluding Japan is expected to hold the maximum value in the global market of over US$ 130 Mn in 2017, growing at a CAGR of 3.9% during the forecast period. However in terms of CAGR, North America dominates the global market with a CAGR of 4.8% during the forecast period.

Global Lamella Clarifier Market: Competitive Dynamics

The research report by FMI, also consists of a section on the competitive scenario of the global market, which highlights the complete profiles of the leading companies in the market. Some of the top companies mentioned in the report are Metso Corporation, Westech Engineering Inc., Ion Exchange (India) Ltd, ENEXIO Germany GmbH, Aes Arabia Ltd, Parkson Corporation, Nordic Water Products AB, Jorsun etc.

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Table Of Content

1. Executive Summary

1.1. Overview

1.2. Market Analysis

1.3. FMI Analysis and Recommendations

1.4. Wheel of Fortune

2. Market Introduction

2.1. Market Taxonomy

2.2. Market Definition

2.3. Parent Market Overview

3. Market Viewpoint

3.1. Macro-Economic Factors

3.2. List Of Active Participants

3.3. Opportunity Analysis

4. Global Lamella Clarifier Market Analysis 2012–2016 and Forecast 2017–2027

4.1. Introduction

4.1.1. Market Volume Projections

4.1.2. Market Size and Y-o-Y Growth

4.1.3. Absolute $ Opportunity

4.2. Global Market Overview – By Material Type

4.3. Global Market Overview – By Flow Capacity

4.4. What Market Participants Are Saying?

4.5. Key Regulations

4.6. Pricing Analysis

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The Glass tempering system market value generated from the architectural segment is estimated to be valued more than US$ 65 Mn by 2017 end and is projected to reach close to US$ 95 Mn by the end of 2027 while expanding with a CAGR of 3.6% over the forecast period. In terms of value, the architectural segment alone is expected to capture more than 70% of the market share in 2017 end.

Building & construction and civic infrastructure/architecture segments are expected to hold significant Glass tempering system market shares during the forecast period.

With over 55 primary interviews across five continents to provide better information to the clients about the global glass tempering system market, Future Market Insights has come up with a new report titled “Glass Tempering System Market: Global Industry Analysis (2012-2016) And Opportunity Assessment (2017-2027)” that tracks the performance of the market for the forecasted period of 10 years. While gathering data for this report, around 40% interviews were given by the experts from America, while 28% and 25% interviews were given by the experts in Europe and Asia Pacific respectively.

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What are the market participants saying?
While conducting primary interviews our analysts talked with product managers of manufacturer of glass tempering system in North America and Europe regions. According to them, R&D is going on in the glass industry to increase its functional application where strength of the glass is one of the major factors. Therefore the growth in the application of glass will also contribute towards the development of advance glass tempering system.
Technical Representative of Japan’s manufacturing company of glass tempering system said that unlike other glass markets, the market for smartphones and solar energy will directly impact the thin glass market. As a result, the demand for glass tempering system that would be capable to manufacture high-quality thin glasses will increase in the near future.
While speaking about the overall scenario of glass tempering system market in APEJ, the Sales Director in China’s glass tempering system manufacturing company stated that China is the biggest market of glass tempering system and these equipment are generally imported from China as it offer products at a price which is even less than the wholesale price. Moreover, these manufacturers of China are primarily focusing on manufacturing international quality products so as to gain significant attraction from end users in the target region.

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Annual reports, presentations and interim reports published by market participants are our reference sources to make this report comprehensive
We have taken reference from reports published by glass manufacturing associations such as All India Glass Manufacturers’ Federation, Architectural Glass and Metal Association and Glass Association of North America. We have also taken reference government publications apart from Factiva, MorningStar and other paid databases for company profiling section and to analyses macro-economic factors. Market sizing and growth has been anticipated by tracking individual company revenue, historical growth and future expectation. Primary responses have also extended from manufactures, suppliers, service providers and end users. Various press releases have also been followed to know the news related to global market for glass tempering system.
Market Segmentation

By Tempering Technology
• Controlled Heating and Quenching Equipment
o Standard Configuration
o Advanced Configuration
• Chemical Treatment

By Application
• Flat
o Continuous
o Oscillating
• Bent

Combined Flat and Bent
• Automotive Windows
• Architectural
o Windows and Doors
o Mirror and Partitions
o Furniture
• Electronics
o Smartphone
o Appliances
• Solar Applications
Others
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By Region
• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• MEA
• Japan

Research Methodology
We have adopted systematic research approach while inspecting this report. In-depth secondary research is used to arrive at an overall market size, top industry players, top products and industry associations. Our analysts have formulated a detailed discussion guide in order to conduct expert and industry interviews. We also have conducted interviews with industry experts, industry players, distributors and retailers. Data is validated by triangulation method, wherein primary, secondary, and Future Market Insight’s analysis contribute to the final data. We have also analysed the various companies annual report, investor presentation, SEC filings, reports and press release to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players.

Adoption of the industrial robots market continues to gain traction among big businesses, while SMEs are slow to take off. There has been a significant deceleration in new R&D initiatives, as COVID-19 induces a refocus on critical organizational activities.

The new edition (2021-2031) edition of the industrial robots market study tracks key developments that will influence sales, spending, the sentiment of stakeholders in this landscape. The report also offers a detailed analysis of the competitive landscape, with strategies of key manufacturers and suppliers discussed lucidly.

The global industrial robotics market was valued at ~US$ 17 Bn in 2018 and is estimated to increase at a CAGR of ~18% between the forecast periods of 2019 and 2029. This growth is driven by the increasing applications of industrial robotics in the automotive industry, electrical/electronics industry, and auxiliary industry, among others.

FMI states in its recent study on the marine radar market that the market will record a CAGR of over 2.4% through 2031. Its needs are anticipated to continue surging as the increasing demand for fishing vessel is creating worthwhile growth in demand for marine radar.

“Suppliers of marine radar adopt acquisition and regional expansion strategies to establish a foothold in new and fast-growing markets. Besides this, there is a significant focus on research and development.” says the FMI analyst.

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Marine radar market – Important Highlights

• Soon, demand for X Band Radars is expected to remain high, in particular, because of its growing usage in various applications in merchant marine and fishing vessels.
• According to end-use, In merchant shipping applications, marine radar is commonly used. Their use is growing day by day in fishing and yacht/recreational boats.
• China is expected to dominate the market of marine radar equipment, owing to its various maritime activities
• Japanese ship operators are building a silent market revolution through a mix of R&D, strategic projects, and organizational transformation teams.

Marine radar market – Drivers

• Due to rising demand from the military as well as from the commercial market, the shipbuilding industry is growing, which is driving the growth of the market.
• Due to the rise in marine tourism spending, the global marine radar market has seen considerable expansion.
• The rapid rise in demand for pleasure and luxury boats is anticipated to create growth opportunities.
• Increasing investment in the R&D industry is boosting market growth.

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Marine radar Market – Restraints

• It is predicted that fluctuations in the costs of raw materials would hamper demand development.
• The global marine radar demand would also be affected by strict government legislation on radar production

COVID-19 Impact on Marine radar Market

The Marine radar market growth is anticipated to be hampered owing to the unprecedented COVID-19 pandemic with the shutdown of several developing units. When the economies to halt and the supply chains were disrupted, it also prevented manufacturing activities. Stringent rules of social distancing to stop the virus from spreading have resulted in reduced manufacturing activities. The Marine Radar market is anticipated to set on a path of regaining as economies steadily stabilize.

Competitive Landscape

The Marine radar market players are leaning towards the expansion of the production facilities To broaden their global reach, top producers are strategically acquiring regional players. For instance, The solid-state radar (SSR) technology from Lockheed Martin provides the front-line defense to many nations by collaborations with Spain, Japan, Canada, and the U.S. Government. Some of the key manufacturing companies are FURUNO ELECTRIC CO., LTD., Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Company, Saab AB, Japan Radio Co. Ltd, BAE Systems, JRC (Alphatron Marine)

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About the Study

· The study offers readers a comprehensive assessment of the Marine radar market. Global, regional, and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on product type (X Band Radars, S-Band Radar), application (Merchant Marine, Fishing Vessels, Yacht/Recreational, Military/Naval)across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

Table Of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

4. Key Success Factors

5. Global Marine Radar Market Demand Analysis 2016 – 2020 and Forecast, 2021- 2031

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