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Biobased Biodegradable Plastics Market Future Trends, Industry Size and Forecast to 2020

London-based market research and consulting firm, Future Market Insights (FMI), in its latest report titled “Global Bio-based Biodegradable Plastics Market Analysis and Opportunity Assessment, 2014-2020”, states that the global bio-based biodegradable plastics market is expected to demonstrate a double-digit CAGR during forecast period 2014-2020.

Global penetration of biodegradable and bio-based biodegradable plastics is currently significantly lower in comparison to traditional fossil fuel-based plastics. Of the 300 Mn metric tonnes of plastics consumed in 2013, biodegradable plastics accounted for 0.21% of the total consumption. The total consumption of bio-based biodegradable plastics was 591,000 metric tonnes in 2013, accounting for 0.1% share of the total global plastics consumption.

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Essien Jae, Lead Consultant at FMI said, “Consumption of bio-based biodegradable plastics is substantially low compared to fossil fuel-based plastics, but this is expected to grow rapidly over the next five years. By 2020, the total revenue of the global bio-based biodegradable plastics market is expected to grow two and half times as compared to 2014”.

Regional Bio-based Biodegradable Plastics Markets to Demonstrate an Impressive CAGR till 2020

Europe leads the global bio-based biodegradable plastics market, followed by North America. The two major markets contributed approximately 70% to the global bio-based biodegradable plastics market revenue in 2014. The European bio-based biodegradable plastics market is relatively mature due to early adoption of these materials compared to other regions.

North America is the second-largest market and is estimated to demonstrate robust double-digit growth between 2014 and 2020. On the other hand, the bio-based biodegradable plastics market in Latin America is expected to demonstrate the highest growth rate at a CAGR of 22.6%, followed by Asia Pacific at a CAGR of 20.7% in terms of value. The cumulative market share of Latin America and Asia Pacific is anticipated to improve by around 400 basis points by the end of the forecast period.

Japan is another prominent market for bio-based biodegradable plastics, characterized by product innovation through substantial investments into R&D activities. “Manufacturers in the bio-based biodegradable plastics market in Japan are consistently introducing new products, and creating a trend that is being followed by manufacturers in developed markets such as the U.S., Germany and France. The bio-based biodegradable plastics market in Japan is projected to demonstrate a slightly sluggish growth rate as compared to other APAC countries during the forecast period”, said Essien Jae.

In terms of application, the packaging sector accounts for the largest share of the global bio-based biodegradable plastics market and is largely driven by Europe. Other key application sectors include fibres, agriculture and medical.

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On the basis of product type, the market is broadly segmented into polyester, starch blends, poly lactic acid (PLA), poly hydroxyalkanoates (PHA) and cellulose. However, apart from the abovementioned types, there are other product types, which were cumulatively estimated to account for around 20% of the overall market value in 2014. Polyester and PLA product types are estimated to dominate the global bio-based biodegradable plastics market, as both types were cumulatively estimated to account for over 60% of the total market value in 2014.

Further more, the starch-blend segment of the bio-based biodegradable plastics market is expected to demonstrate a slightly sluggish CAGR compared to polyester and PLA throughout the forecast period.

Conveyor Belt Market : Notable Developments & Geographical Outlook 2022 to 2026

Future Market Insights (FMI) delivers key insights on the Middle East Conveyor Belts in its latest report titled, ‘Conveyor Belts Market: Middle East Industry Analysis and Opportunity Assessment, 2016-2026’. conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is attributed to various factors, regarding which FMI offers detailed insights in its report.

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On the basis of product type, the Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts.

Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belt. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period. However, in terms of value, abrasion-resistant conveyor belt segment is projected to be dominant by 2026, accounting for market share of 37.8%, as compared to heat- and flame- resistant segment, with 28.0% share.

On the basis of application, the Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry — among these, mining segment has been estimated to account for value share of 22.9% in 2015, which is projected to decrease to 22.5% by 2026. The commercial segment is projected to exhibit the highest CAGR of 5.5% over the forecast period.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight — among these, medium-weight segment has been estimated to account for a value share of 49% in 2015, which is projected to increase to 49.5% by 2026. The lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

Factors Driving the Middle East Conveyor Belt Market

Growth of the Middle East conveyors belts market is mainly driven by increasing adoption of automated production lines across various industries and rising number of construction sites in Middle East region. Other trends driving growth include improvement of belt materials in conveyor systems and government initiatives to encourage local food production in the Middle East. High dependence on raw material imports and low profit margins for manufacturers are certain factors restraining growth of conveyor belt market in the Middle East.

Middle East Conveyor Belt Market: Country-wise Analysis

Turkey has been estimated to dominate the Middle East conveyors belts market, with over 35.0% market share in Middle East region in 2015 and is anticipated to remain dominant by 2026, followed by KSA (The Kingdom of Saudi Arabia) and UAE (United Arab Emirates). Among all the countries in Middle East, KSA market is anticipated to register the highest CAGR over 2016–2026, followed by UAE. This is mainly attributed to increasing demand from construction and mining industry in KSA and increase in number of mining projects such as limestone production in UAE.

Key Players in Middle East Conveyor Belt Market

Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding and Ziligen A.S.

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Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which entails conveyor belt manufacturing, service, and maintenance.

Key Segments

The subsequent sections analyse the Middle East conveyor belt market on the basis of product type, cover type, weight, application and country, and presents a forecast for the period 2016–2026. The market is segmented as follows:

By Product Type

Metal-reinforced Rubber Conveyor Belts
Fabric-reinforced Rubber Conveyor Belts
Plastic Conveyor Belts

By Cover Type

Conductive Conveyor Belt
Abrasion-resistant Conveyor
Heat- & Flame- resistant Conveyor
Oil-resistant Conveyor Belt

By Weight

Lightweight
Medium-weight
Heavyweight

By Application

Mining
Food Production Industry
Commercial
Construction Industry
Electricity Generating Stations
Automotive Industry
Chemical & Fertilisers
Packaging Industry

By Country

KSA
Oman
Qatar
UAE
Kuwait
Bahrain
Israel
Turkey

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India Power Tools Market Fuelled by Burgeoning Demand from Industrial Sector

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

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

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

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

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

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

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

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Competitive Landscape

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

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

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

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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.

Variable Frequency Drive (VFD) Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2031

Variable frequency drives demand is set to grow at over 4% in 2021, with growing emphasis on heating, ventilation and air conditioning (HVAC) systems and automotive pumps which are expected to generate substantial growth opportunities. The projections are based on the latest edition by Future Market Insights (FMI), an ESOMAR-certified research and consulting firm.

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The global automotive industry has made prolific advances in the recent past. Emerging as a multibillion dollar industry, the autonomous market is characterized by the emergence of a plethora of start-up investments. Consequently, adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Bn as of 2019.

Prolific growth opportunities exist in the Chinese market, owing to an ever mushrooming automotive industry. Future Market Insights estimates the economic giant to produce 4.5 million variable frequency drives by 2021-end, as production cycles revert to normalcy in the aftermath of the coronavirus crisis. Hence, manufacturers are introducing a slew of technological innovations to tap this ever expanding opportunity, thus generating powerful revenue ecosystems across the forecast period.

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Key Takeaways of Variable Frequency Drives Market Study

AC drives adoption surging in popularity by drive type; set to acquire 260 BPS by 2031-end U.S. and Germany to emerge as highly lucrative markets, owing to growing EV sales Growing concerns over excessive power consumption compelling automotive manufacturers to invest in low-voltage VFDs Regenerative applications to find growing applications, reaching nearly US$ 15 Bn by 2021-end Pumps and HVAC systems to collectively expand at a value CAGR worth 13% from 2021-2031 “Rapidly expanding infrastructure for capital projects are attracting frequent capital investments, attributed to the increasing scale of urbanization. Hence, automotive sales are rising, leading to widening revenue pools for VFD manufacturers,” says the FMI analyst.

Competitive Landscape

The variable frequency drives market is a highly competitive market, with a sizeable presence of both global as well as domestic players. However, key players account for nearly half of the market share. It is characterized by large supplier base and strong B2B networks.

The market has robust partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a foothold. Brand consciousness and aggressive marketing makes it challenging for new entrants in the variable frequency drives market.

Competitive Landscape

The variable frequency drives market is highly competitive, dominated by global as well as regional players offering cost-competitive products. While Tier-1 players comprise nearly half of the global market share, over three-fifth of the revenue is yielded by tier-2 players.

Large supplier base and strong B2B networks define the robustness of the market with strong partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a firm foothold. Brand consciousness and aggressive marketing makes it challenging for new entrants in the variable frequency drives market.

Some of the leading companies operating in the market are:

ABB Ltd
Siemens AG
Danfoss A/S
Rockwell Automation
GE Energy Power Conversion
Toshiba International Corporation
Schneider Electric
Mitsubishi Electric Corporation

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More Insights on FMI’s VFD Market

A recent market study published by FMI on the variable frequency drives market includes global industry analysis for 2016-2020 & opportunity assessment for 2021-2031, and delivers a comprehensive assessment of the most important market dynamics. The market has been segmented on the basis of drive (AC drive & DC drive), voltage range (low and medium), application type (standard and regenerative), end-use application (pump, fan, compressor, conveyor, HVAC and others) and end-use industry (oil & gas, food processing, automotive, mining & minerals, pulp & paper and others) across five major regions.

Key Questions Answered in the Report

Q1. Which is the most lucrative market for variable frequency drives?
Q2. Which is the top-selling variable frequency drive?
Q3. Which is the key application of variable frequency drives?
Q4. Who are some of the leading variable frequency drives manufacturers?
Q5. Which VFD type is driving sales of variable frequency drives?

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Solar Micro Inverter Market expand at a 16.6% CAGR over the forecast period 2022-2026

The global solar micro inverter market is expected to reach US$ 488.2 Mn by 2016 end and expand at a 16.6% CAGR over the forecast period (2016-2026).

Solar Micro Inverter is a DC to AC inverter used with photovoltaic installations. Unlike conventional string/central inverters, a micro inverter works on Module Level Power Electronics i.e. power conversion takes place at individual module level. This mitigates the negative effect of module mismatch and improves the overall efficiency of the system. Micro inverters also enable module level monitoring, easier installation, enhanced design flexibility and better safety than conventional inverters

Increasing preference towards more efficient systems is fuelling the demand for micro inverters. Along with this, rapidly falling prices of micro inverters is also assisting the product to gain significant penetration in the global solar micro inverter market.

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The escalating demand for solar micro inverters will continue to penetrate the market for module-level power electronics, owing to falling prices and upcoming products.

The higher adoption of photovoltaic installations is a key factor driving the growth of the global solar micro inverters market. Moreover, rising preference for fully integrated PV modules or AC Modules, is anticipated to fuel the demand for solar micro inverters. The U.S. National Electric Code (NEC) also favours the usage of micro inverter technology and is driving the demand for micro inverters in the North American market. However, the use of power optimisers as an alternative to micro inverters can restrain the growth of the global solar micro inverter market.

On the basis of system type, the global market for solar micro inverters is expected to be dominated by Stand Alone system sales, followed by micro inverter systems sold for developing AC Modules, named as integrated systems. In 2015, the stand alone solar micro inverter systems procured global market share of 96.7%, and are expected to attain estimated revenues of US$ 471 Mn by 2016-end.

By end-user type, the residential segment of the global market will continue dominance over the commercial segment by attaining a market share of 76.2% in 2016. Among residential end-users, changing consumer preference for more efficient and safe inverter alternative will prompt the replacement of conventional inverters with solar micro inverters. Dropping prices and rising commercial scale PV installations will incite extensive growth in the demand for solar micro inverters among the commercial segment as well.

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Due to the varying use of micro inverters across the world, global players are concentrating on regions where awareness about using renewable energy resources is higher. Robust adoption of PV storage systems in the U.S. will continue to fuel demand for solar micro inverters in North America, and the region is expected to attain market value of US$ 282.2 Mn in 2016. Moreover, Asia Pacific excluding Japan (APEJ) is expected to be a lucrative region for the growth of the global market. The growing trade of inexpensive inverters in China and India will boost the demand for solar micro inverters in APEJ region. The key players contributing to the growth of the global solar micro inverters market include, SMA, Darfon Electronics, ABB, APSytems, Chilicon Power, iEnergy, Enphase, NEP, SunPower, and Sparq Systems among others.

Long-term Outlook: The global solar micro inverters market is expected to expand at a CAGR of 16.6% during the forecast period 2016-2026. Over the forecast period, North America and APEJ will continue to be the most profitable regions for the growth of the global market for solar micro inverters.

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Commercial Refrigeration Equipment Market 2022 Key Players, End User, Demand and Consumption by 2029

Worldwide sales of commercial refrigeration equipment, which witnessed an increase of 3.4% compared to 2018, will exceed US$46 billion in revenue by the end of 2019. As a recent research study by Future Market Insights (FMI) shows, the Commercial Refrigeration Equipment Market will develop at a moderate CAGR between 2019 and 2029. Demand will be driven significantly by more production of F&B products and preferential movement of consumers. We aim to become a quick service restaurant (QSR) at the global level.

Sustainable and energy-efficient refrigeration systems will become the standard across end-use industries, forcing manufacturers to increase their investment in R&D and product innovation. Leveraging energy efficient technologies to offer low global warming potential (GWP) products with multiple features will be your ticket to gaining significant market share in the long run.

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Commercial Refrigeration Equipment Market Key Takeaways

Sales of commercial refrigeration equipment are increasing, driven by growing demand for ready-to-eat products and expanding retail outlets.
North America and Europe will account for more than half of the market value share by the end of 2029.
The food service sector will remain a major application for investment in commercial refrigeration equipment market players.
The implementation of new refrigerant regulations such as the EPA 680 upgrade and the Kigali amendment to phase out HFC refrigerants will have a significant impact on market growth.
The higher average unit cost of freezers and refrigerators implied lower sales compared to value profit, with approximately 2.6 million units sold in 2018.
Glass door merchandisers, which account for about a third of total sales, continue to see relatively low revenue generation compared to freezers and refrigerators.
Sales of beverage dispensers and display cases across end-use industries will show modest year-over-year growth in 2019, accounting for nearly 16% of total commercial refrigeration equipment sales that year.

Manufacturers who keep their innovation index high, provide turnkey solutions that meet regulatory requirements, and put end-user safety at their core will be rewarded in the long run.

Commercial Refrigeration Equipment Market Share by Regions in 2019

Chinese players targeting the domestic market

The rapid adoption of alternative refrigerants to benefit from regulatory standards along with the expansion of the F&B processing industry in developed markets continues to contribute to the development of the commercial refrigeration equipment market. The growth of the commercial refrigeration equipment market in the Asia Pacific region has been driven by the shift in Asian eating habits to Western convenience foods. The ability to manufacture their own compressors gives Chinese companies a competitive edge to gain an edge in their own markets with their own brands.

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competitive trends

In 2018, the top four stakeholders, including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation, accounted for a total revenue share of 20-25%. The emergence of a large number of smaller players in developing countries has created price competition, and leading market players have lost profits. Market segmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of regional participants.

Increased capital expenditure on refrigeration systems

The number of retail outlets worldwide has grown significantly over the past decade. Major players in the retail sector are expanding their presence in emerging markets in the Asia Pacific region, particularly India and China, taking advantage of the growing consumer spending power in these countries.

The retail market in developing countries is quite fragmented. However, favorable government policies on investment in the retail sector in developing countries such as India and China have led to significant growth in the organized retail sector.

Changing Consumer Preference from FSR to QSR

The rapidly changing lifestyle and shift towards westernization have shifted consumer preferences from full service restaurants (FSRs) to quick service restaurants (QSRs). The number of quick service restaurants has increased significantly in recent years. Consumer spending on QSRs increased 4.1% between FY2005 and FY2015, bringing the total market value in FY2015 to approximately $275 billion. Accordingly, overseas and local companies are making significant investments in quick-service restaurant equipment, such as showcases and vending machines.

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This FMI Report is an extensive analysis of the Global Commercial Refrigeration Equipment Market that provides actionable insights on how the market growth will develop during the forecast period 2019-2029. The Commercial Refrigeration Equipment Market has been segmented into various segments for analysis. Based on the type of refrigeration equipment, application and region. This study provides valuable information on the key competitive trends and most preferred development strategies of the leading market brands.

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Commercial Refrigeration Equipment Market SegmentationThe Global Commercial Refrigeration Equipment Market is segmented in detail to cover all aspects of the market and to present readers a complete market intelligence approach.

by product

beverage refrigerator
Freezer and Refrigerator
- Freezers and Chillers
- Refrigerator
transport refrigerator
glass door merchandiser
showcase
beverage dispenser
refrigerated vending machine
ice machine
ice cream machine

by application

food service
Food and Beverage Retail
Food and beverage production
food and beverage distribution

by region

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

Water Softening Systems Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2031

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.

Key trends shaping the water softening systems market include product innovations in the systems associated with high efficacy, technological advancements, and durability, along with growing concerns regarding water contamination across the globe.

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Increasing adoption of water softening systems due to excessive mineral composition in water will drive sales in developed countries such as the U.S., the U.K., Germany, and Italy. The presence of leading market players will also augment market growth during the forecast period.

water softening systems market characteristics and attributes with regional relevence, 2021-2031

Growing awareness regarding water quality and government-led initiatives such as smart cities, coupled with non-governmental initiatives for promoting water sanitation and public health will generate demand in emerging markets including India, China, South Korea, and Brazil.

Application will continue increasing in the residential sector. FMI sees impressive prospects for non-electric water softening systems sales across households. Government policies adopted towards making clean water available for all will continue aiding sales growth in this segment.

“Conscious efforts to spread water quality awareness led by government and non-profit organizations, along with product innovations in water softening systems aimed at providing better efficacy and enhanced performance will augment market growth in the upcoming decade,” says the FMI analyst.

Key Takeaways from Water Softening Systems Market Survey

Based on design, twin-cylinder water softening systems will dominate the market.
Residential sector will experience increased adoption of water softening systems throughout the assessment period.
The U.S. will continue dominating the market due to the high concentration of market players.
Sales outlook in the U.K. is projected to be positive with increasing applications of water softening systems in households.
India will emerge as a lucrative market for sales of water softening systems, owing to growing awareness regarding water quality in the country.

Competitive Landscape

EcoWater Systems LLC, Culligan International Company, Kinetico Incorporated, Hydroflux, Envicare Technologies Pvt. Ltd., Wychwood Water Systems Ltd., Harvey Water Softeners Ltd., Pelican Water Systems, BWT AG, Marlo Incorporated, Monarch Water Ltd., Qingdao Haier Co., Ltd., Atlas Filtri, Watts Water Technologies Inc., Feedwater Limited and Canature Health Technology Group Co Ltd. are among the top manufactures in water softening systems market, as profiled by FMI.

To manufacturers of water softening systems account for approximately 1/5^th of the total sales of water softening systems. Lucrative strategies adopted by key players include new product launches, site expansions, mergers, acquisitions, and collaborations. For instance

In May 2021, Culligan International was acquired by BDT Capital Partners, LLC, entering its next phase of growth by accelerating consumer strategy and extend its international footprint by innovating products with digital growth initiatives.
In April 2021, Watts Water Technologies launches a new brand ‘Lync’ to provide solutions that address growing concerns in commercial buildings regarding water quality and preventing risks of infections from water-borne pathogens, while ensuring reliability and durability in the long run.

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More Insights on the Water Softening Systems Market

In its latest report, FMI offers an unbiased analysis of the global water softening systems market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of operation type (electric and non-electric), application type (residential, industrial and commercial), design (mono cylinder, twin-cylinder, multi-cylinder), and across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

Water Softening Systems Market by Category

By Operation Type:

Electric
Non-Electric

By Application Type:

Residential
- Salt-based
- Salt-free
Industrial
Commercial

By Design:

Mono Cylinder
Twin Cylinder
Multi-Cylinder

By Region:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding Japan
Japan
Middle East and Africa (MEA)

Key Questions Answered in the Report

What is the current water softening systems market value?
At what rate did the water softening systems market grow between 2016 and 2020?
What are the key trends driving water softening systems sales?
Who are the leading players in the water softening systems market?
What will be the demand outlook for North America water softening systems market?
At what rate will water softening systems demand rise in Europe?
Which are the key exporters of water softening systems?
Who are the key producers of water softening systems?
What is the Japan and South Korea growth outlook for water softening systems market?

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Asia Pacific Flexible Glass Market – Future Scenario, Key Insights, Top Companies 2020

Future Market Insights (FMI) announces the release of its latest report titled, “Asia Pacific Flexible Glass, Market Opportunity; 2014 to 2020 Forecast.” According to the report, the Asia Pacific flexible glass market is expected to account for $612.7 Mn by 2020, registering a CAGR of 36.5% during the forecast period. Incorporation of flexibility threshold in displays is expected to contribute to the growth of the Asia Pacific flexible glass market over the forecast period.

Asia Pacific flexible glass market is projected to reach US$612.7million by 2020 at an estimated CAGR of 36.5% during the forecast period. Flexible glass is one of the emerging materials for commercial applications such as flexible displays, paper displays and roll-able solar panels. Its unique property to be easily rolled or folded allows electronics component manufacturer to utilize it in variety of applications.

In terms of application, Asia Pacific flexible glass market is mainly segmented into display and solar PV (photovoltaic). Currently, display application segment dominates the Asia Pacific flexible glass market. The display segment was valued at US$ 74.2 Mn in 2013, and is expected to reach US$ 417.3 Mn by 2020, exhibiting a CAGR of 33.4% for the forecast period. Moreover, the development of Roll2Roll process is expected to create a demand for flexible glass in solar PV application. As a result, solar PV is projected to be the fastest growing application segment for the forecast period.

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The display application is further sub-segmented as smartphones and tablets, curved TV, building mounted displays and, wearables. Among all the aforementioned sub-segments, smartphones & tablets segment is expected to dominate the market with 50.1% of the total revenue share by 2020. However, curved TV is anticipated to exhibit the highest CAGR of 37.1% during the forecast period. Additionally, influx of new entrants is predicted to fuel the growth of curved TV application segment over the forecast period.

Country-wise, the Asia Pacific flexible glass market is segmented into Japan, China, South Korea and others. Japan is the most lucrative market, followed by South Korea and China. Moreover, Japan is expected to contribute 40.0% market share to the Asia Pacific flexible glass market by 2020. The growth of South Korea market is supported by the strong presence of smartphone & TV manufacturers along with growing number of R&D centres in South Korea.

Assessing the various factors driving this market, FMI lead analyst, Abhishek S. said, “Incorporation of flexibility threshold in displays, development of Roll2Roll process for flexible PV and growing R&D investments in flexible glass by key glass manufacturers are expected to fuel the demand for Asia Pacific flexible glass market.”

Key players in the Asia Pacific flexible glass market are Asahi Glass Co., Ltd., Corning Inc., Schott AG and Nippon Electric Glass Company Ltd.

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Ultra Violet (UV) Lamps Market Research Report 2022 – Global Forecast till 2025

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

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

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

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

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

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

Increasing Municipal Infrastructure Investment Driving Adoption of UV Lamps

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

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

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

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

Key Regions

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

Key Segments Covered

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

Key Regions covered:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

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Telecom Tower Power System Market 2022 | Present Scenario and Growth Prospects 2031

Global sales of telecom tower power systems are set to be valued at over US$ 3.5 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). A new report estimates the market to expand at over 6.7% CAGR from 2021 to 2031.

According to Future Market Insights, expansion of telecom infrastructure facilities to cover rural and other remote areas has led to stronger demand for telecom tower power systems. Rapid technological advancements in production technologies are also projected to complement market growth in the near future.

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.

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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.

global telecom tower power system market overview, 2021e

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.

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.

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Telecom Tower Power System Market by CategoryBy Product Type:

Outdoor Telecom Power System
Indoor Telecom Power System

By Power Source:

Diesel Generator
Diesel Generator + Battery
Renewable Energy
- Solar
- Wind Turbine
- Biomass

By Region:

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

Key Questions Answered in the Report

What is the current valuation of the telecom tower power system market?
At what rate did the telecom tower power system market expand in the last 5 years?
What is the telecom tower power system market demand outlook?
What are the key trends prevailing in the telecom tower power system market?
What are the key factors driving the sales of telecom tower power systems?
What is the North America telecom tower power system market outlook?
What is the cumulative share of the top five companies in the telecom tower power system market?
At what rate will the telecom tower power system market grow in Europe?
Which are the top 5 countries exhibiting high demand for telecom tower power systems?
At what rate will the Japan telecom tower power system market grow?

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