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Energy-efficiency and environment-friendliness continue to be buzz words that impact production and demand of heat pumps. However, given that construction, especially in the residential segment, is a key determinant for demand of heat pumps, the drop in construction activity in almost all countries due to the COVID-19 pandemic has severely hurt the market.

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

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

Key Takeaways from Heat Pumps Market Study

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

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

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By Segmentation:

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

By Type

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

By Power Source

• Electric
• Others (Gas Driven)

By End User

• Residential
• Commercial
• Industrial

By Refrigerants

• HFC
• CO2
• Ammonia
• Hydrocarbon
• Others

By System Type

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

By Region

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

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Competitive Landscape

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

According to the findings of an independent report, food preparation equipment accounts for around 30% of the restaurant’s energy bill. Rising energy costs resulted in the growing consumer demand for energy star-labelled equipment. Governments of several countries are promoting green technologies, by offering schemes such as tax credit programs.

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The growing awareness regarding green technologies among consumers is anticipated to lead to the rapid replacement of conventional foodservice equipment over the next few years. The trend is expected to be prominent among developing regions of Asia Pacific and Latin America.

1. The global consumer appliances market size in 2018 was approximately US$ 339 Bn.
2. The consumer appliances market is expected to grow at a CAGR of approx. 4% during the forecast period of 2019-2029.
3. Basic consumer appliances continue to grow in emerging markets, while premium ones are expected to grow in developed markets.
4. Collectively, Europe, North America, and East Asia are likely to account for half of the revenue shares in the consumer appliances industry by the end of 2029.
   • Europe, attributing to the strong presence in kitchen appliances, is expected to be a prominent product type for consumer appliances manufacturers
5. The kitchen appliances segment is expected to remain a prominent product type to invest in for consumer appliances market players.
   • Microwave and refrigerator segments have witnessed significant growth over the recent past.
   • Noteworthy product type potential of consumer appliances has been identified in the ranges and ovens segment.

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Key SegmentBy Product Type

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

By End Use

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

By Sales Channel

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

By Region

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

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Consumer Appliances Market Structure Analysis

• The global consumer appliances market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on the development of solid distribution partnerships and joint ventures, targeting a firmer global footprint.
• The consumer appliances market has been relatively moderate in size, which remains a key factor for its dynamic competitive nature.
• Prominent manufacturers of consumer appliances are currently prioritizing R&D and new product launches to resonate with the growing consumption of eco-friendly consumer appliances in North America, Europe, and China.
• Portfolio extension is also identified to remain as one of the key developmental strategies adopted by manufacturers of consumer appliances.
• For a strong foothold in target markets, consumer appliances manufacturers are expected to rely on inorganic strategies, such as mergers and acquisitions.

Global end suction pump market to register year-on-year (YoY) growth of 3.5% in 2021 to total 4.3 million units. As per the end suction pumps industry analysis, demand for close coupled pump will grow by 3.6% to total 3.6 million units by the end of 2021. Steered by surging application in commercial and industrial sectors alike, the sales of end suction pumps will represent 3% of global pumps market in 2021. Rapid industrialization has increased the demand for various production related equipment. Driven by this, the end suction pumps market will rise at 4.6% CAGR between 2021 and 2031 in comparison above 5.8% CAGR registered during 2016-2020.

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Increasing construction of commercial spaces, including hotels, retail space, office and institutions has boosted the demand for the end suction pumps because of their utility in water dosing, HVAC gas suction, and fire suppression applications. The continued demand for new installations is expected to aid the market growth over the coming years.

Leading manufacturing companies are focusing on expanding their sales and distribution footprint in untapped emerging markets based in South Asia, Latin America and Africa. To improve clientele base and key accounts management.

Some companies are collaborating directly with end users for turnkey projects via proposal bids. The key manufacturers are also looking forward to develop customer specific custom made products according to their needs backed with aftersales service.

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

Key Takeaways from End Suction Pumps Market Study

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

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

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By Segmentation:

By Type:

• Close Coupled Pump
• Separately Coupled Pump

By Flow Rate:

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

By Application:

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

By Region:

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

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Competition Landscape

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

The land survey equipment market is expected to register year-on-year growth at 6.7% in 2021, with the overall valuation forecast to reach US$ 6.0 Bn. As per a Future Market Insights (FMI) analysis, sales of land survey equipment is expected to increase at 7.8% CAGR between 2021 and 2031.

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According to the study, the overall land survey equipment market worth is expected to reach US$ 12.8 Bn by 2031. Level survey equipment systems are expected to remain dominant among products available. Meanwhile, the demand for global navigation satellite system (GNSS) land survey equipment will increase by 6.7% CAGR in 2021.

Demand for land survey equipment is increasing also on account of the advancements in automotive and marine application. With increasing fleet of connected and autonomous vehicles coupled with increasing use of GNNS systems in small marine application, the land survey equipment market is set to get substantial boost from it.

Increasing number of players focusing on research and development related to Land Survey equipment is anticipated to contribute towards market growth in the years to come.

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Key Takeaways from Land Survey Equipment Market Study

• By product type, the level equipment is set to hold around 50% of the market in terms of volume through the forecast period, owing to its low cost and high application.
• The inspection segment is set to hold over 29% of the market share on the basis of application by 2031-end, supported by increasing use of inspection techniques in construction sector.
• The Europe will remain a primary market and account for over 27% share by the end of forecast period.
• The markets in India and China are set to surge at CAGR of approximately 8.3% and 7.6% over the coming decade.
• Nordics is emerging as a key market in Europe, with a valuation of over US$ 271.0 Mn in 2021.

“The land survey equipment market is growing at a strong pace, driven largely by increasing demand for energy efficient and precise measuring equipment. Increasing upstream and downstream exploration in oil & gas and mining coupled with rising adoption of drone technology in surveying are propelling growth of the market,” says a Future Market Insights analyst.

Competitive Analysis:

The land survey equipment market is moderately consolidated, with leading players accounting for more than 30% of the market share. These players are likely to invest in new technology developments, expansion of their distribution networks and tie-ups with prominent end users in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Trimble Inc., Hexagon AB, Topcon, Beijing UniStrong Science & Technology Co., South Surveying & Mapping Instrument Co., Ltd., Hi-Target Surveying Instrument Co., Ltd., among others.

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By Segment:

By Product Type:

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

By Application:

• Inspection
• Monitoring
• Volumetric Calculation
• Layout Points

By End Use:

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

By Region:

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

The power transformer market is poised to grow at 4.6% CAGR from 2021 to 2031, with overall valuation expected to reach US$ 21.9 billion in 2021. Future Market Insights (FMI) forecasts total sales to surpass 2000 units by the end of 2031. Some of the leading market players are ABB, General Electric, Siemens AG, Toshiba Corporation, and Schneider Electric. Among these companies, ABB holds around 12% of the market, while General Electric accounts for 8% of the overall share.Power transformers are integral components within power grids as they assist in power transmission between networks without change in frequency and minimum loss. Increasing investments towards expansion of power grid networks and distribution channels to enable electricity access in remote areas will fuel the demand for power transformers in the forthcoming years.Get | Download Sample Copy with Graphs & List of Figures:
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Driven by this, the market will grow at 4.6% CAGR from 2021 to 2031, says FMI in its recent report. Power transformers steps up voltage to reduce the line current leading to efficient power transmission. Increasing research in transmission network and rapid utilization of non-conventional and renewable sources of energy for generating electricity in remote areas will drive the power transformer market in the assessment period.

Smart grids allow remote access and monitoring of grid and respond to fluctuating power demand instantly. They also ensure efficient cooling and optimum power supply thus reducing carbon emission. Stringent government regulations aimed at reducing greenhouse gas emission, utilization of high voltage transmission technologies and development of green transformers will complement the global power transformer market growth during the forecast period.

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.

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By Segmentation:

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

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Competitive Landscape

Future Market Insights (FMI) states that ABB, General Electric, Siemens AG, Toshiba Corporation, and Schneider Electric are the top five market players operating in power transformer market. They collectively account for more than 35% of global market share in 2021.

In an attempt to create clean energy and gain obtain significant competitive advantage, market players are focusing on designing and developing green transformers. For instance, in December 2020, Efacec launched new modularity system concept for core power transformer which will lead to higher performance, optimization and efficiency.

This novel concept is expected to be applied to transformers from 10MVA to 170MVA and up to 400kV and also incorporates new functions like mechanical protection, noise, ultraviolet and ballistics.

ABB, General Electric, Schneider Electric, Siemens AG, Eaton, and Kirloskar Electric.

Similarly in November 2018, ABB introduced “ABB Ability™ TXpert™ Dry”, world’s first oil free digital transformer to promote digitalization of grids and provide increased security, efficiency, and reliability.

Suspended ceiling system are certain secondary ceilings which are suspended above the structural floor slab, which creates a void between the top of the suspended ceiling and the underside of the floor slab. Along with the concealment of the underside of the floor slab, this void can provide a useful space for the distribution of heating, ventilation and air conditioning (HVAC) services and plumbing and wiring services, as well as providing a platform for the installation of smart speakers, light fittings, wireless antenna, CCTV camera, fire and smoke detectors, motion detectors, sprinklers, and others. The void can also be used as an air ‘plenum’, in which the void itself forms a pressurized ‘duct’ to supply air or extract it from the occupied space below.

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Suspended ceiling system can allow easy access for equipment servicing by the removal of tiles, or through access panels and can allow flexibility of layout of spaces below. However, it results in some loss of headroom (generally at least 100mm). Typically suspended ceiling system are hung from a bracket fixed to the underside of the floor slab supporting a series of interlocking metal sections that form a grid into which panels such as ceiling tiles can be fitted. Suspended ceiling system are also available, in which tiles are laid between parallel beams rather than a grid, and there are a wide range of different grid profiles and tile edge details that can be used to allow the grid to be exposed, flush, recessed or concealed.

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
• Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Poland, and Rest of Europe)
• East Asia (Japan, South Korea, and China)
• South Asia (India, Indonesia, Malaysia, Philippines, Thailand, Rest of South Asia)
• Oceania (Australia, and New Zealand)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

Market Participants

Some of the market participants operating in the global Suspended Ceiling System market identified across the value chain include AWI, Knauf, SAS International, USG, Menards, Chicago Metallic Corporation, CertainTeed, Rockfon, Chicago Metallic, Saint-Gobain, Foshan Ron Building Material Trading, Grenzebach BSH, Guangzhou Tital Commerce, Haining Chaodi Plastic, Shandong Huamei Building Materials, New Ceiling Tiles, Odenwald Faserplattenwerk, Techno Ceiling Products, among the others. Key market players are pitching the unique properties of suspended ceiling system such as superior acoustic insulation properties, easy installation and dismounting etc. to win over new customers in the market.

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By Segmentation:

On the basis of material, the global suspended ceiling system market has been segmented as:

• Mineral wool
• Metal
• Gypsum

On the basis of type, the global suspended ceiling system market has been segmented as:

• Ceiling
• Grids

On the basis of application, the global suspended ceiling system market has been segmented as:

• Commercial Construction
• Residential Construction
• Industrial Construction

Opportunities for Participants in the Suspended Ceiling System Market

Recovery of the commercial construction across major countries has propelled the new construction, as well as repair & maintenance and renovation activities. Moreover, adoption of interior solutions that exhibit better noise absorption features in offices, departmental stores, public utility areas, and educational institutions is considered to boost the consumption of suspended ceiling system in the next couple of years. This in turn is expected to enhance the use of eco-friendly and light-weight materials such as mineral wool, metal, and gypsum ceilings in the suspended ceiling system, so as to maintain and improve the indoor air quality and efficiencies of energy, water, and other resources. Technological advancement in manufacturing low VOC material based ceiling panels is likely to provide lucrative opportunities in the suspended ceiling system market.

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

The lead acid battery market valuation is expected to reach US$ 54.3 Bn in 2021. Future Market Insights (FMI) analysis has forecast the lead acid battery sales to increase at 5.2% CAGR between 2021 and 2031. According to the study, the overall market valuation will top US$ 90.5 Bn by 2031.

As per FMI, the demand for AGM battery is expected to increase at a high pace, exhibiting 6.2% CAGR in 2021.

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Growth can be attributed to the increase in the demand for energy-efficient solutions across the globe. The demand for lead acid battery has increased consistently with the advent of the electric and hybrid vehicles over past few years.

Key factors fueling the demand for lead acid battery include initiatives undertaken to introduce green energy solutions in the automotive industry. Leading lead acid battery manufacturing companies are focusing on expanding their production and distribution capacities in various countries. To improve their industrial research activities, some companies are collaborating directly with regional manufacturers.

The transportation segment is among the leading end users of lead acid battery. Regionally, China has emerged as a highly lucrative market for the production and export of lead acid battery. This can be attributed to increasing demand from the country’s automotive industry, coupled with the adoption of the advanced technology and higher production capacity.

The Histoplasmosis Treatment market is looking forward to grow at a higher rate in the forecast period of 2021-2031.

The rising investment by the government and public organizations to provide better healthcare quality is expected to augment the market demand.

Furthermore, the increasing focus towards better healthcare system and the increasing geriatric populations, cancer cases and AIDS cases are the major drivers for the histoplasmosis market growth.

What is Driving Demand for Histoplasmosis Treatment Market

The demand for histoplasmosis treatment market has seen at a higher rate at a global level as there has increase in the number of chronic disease.

Furthermore, the rising ageing population and lack of hygiene is expected to drive the market. According to CDC 90% of the population in the US was infected as Histoplasmosis is common in the humid environment.

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The incidence rate in adults about 65 years were in the ratio of 3.4 in 10,000 population. Globally, this disease is seen common in people with low immunity.

The demand of histoplasmosis treatment market is on to the higher rate as malignant cases are never ending. These reasons have said to be the driving factors for histoplasmosis market in the given forecast period 2021-2031.

U.S. Histoplasmosis Treatment Market Outlook

U.S. is said to be the most dominating in terms of disease growth rate and will be the top one to boost the histoplasmosis treatment market.

This is due to the rising number in the malignant diseases, and immunocompromised patients.

According to CDC histoplasmosis is the commonest disease seen in HIV/ AIDS patients and due to their immunocompromised state 30% of them result in death.

This can be an opportunistic driving factor for the treatment market to grow. In addition, rising R&D and technological advancement in the region are some of the drivers of histoplasmosis treatment market.

Europe Demand Outlook for Histoplasmosis Treatment Market

The European market is considered the second largest market for histoplasmosis treatment at a global level.

The increasing focus on the healthcare facility, increase in the population of above 65 age group is likely to drive the market growth. Furthermore, the growing chronic diseases which diminishes the immunity of a person and AIDS in the region are boosting the demand for histoplasmois treatment market.

Who are the Key Manufacturers and Suppliers of Histoplasmosis treatment market.

Some of the key players operating in the Histoplasmosis Treatment Market are

• Bristol Myers Squibb
• Sigma tau pharmaceuticals Inc.
• Three rivers pharmaceuticals
• Astellas pharma US Inc.
• Abbott laboratories
• Abraxis pharmaceutical products
• Teva parenteral medicines Inc.
•  X gen pharmaceuticals Inc.

• Middle East and 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.

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Why Future Market Insights?

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

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

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

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