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A new market research report by Future Market Insights on the wood pellet heating systems market includes Europe industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the wood pellet heating systems market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the Europe wood pellet heating systems market is expected to experience substantial growth during the forecast period due to multiple driving factors, such as smart technologies & mobility heightening attractiveness of wood pellet heating systems over conventional ones and limited emission of air pollutants.

The Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018, and is estimated to increase at a CAGR of ~3% during the forecast period of 2019-2029. This growth is majorly driven by the increasing consumption of wood pellet heating systems in commercial, residential, as well as industrial sectors.

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With the emergence of smart technologies and convenience trends among consumers, manufacturers of wood pellet heating systems are focused on incorporating advanced control panels and add-on features to their products to maintain innovation supremacy in the market, according to FMI’s analysis.

Rising Market Attractiveness of Nordic Countries

Italy is projected to hold significant value share in the Europe wood pellet heating systems market due to rising prices of fossil fuels and federal environmental sustainability strategies. However, the Nordics region, followed by Benelux, is expected to project lucrative growth in the Europe wood pellet heating systems market during the forecast period of 2019-2029. Denmark market is estimated to be prominent in Nordics, by holding ~20% of the market value share, and is expected to remain prominent till 2029.

Europe Wood Pellet Heating Systems Market – Key Research Findings

1. The Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018.
2. The wood pellet heating systems market is expected to grow at a CAGR of ~3% during the forecast period of 2019-2029.
3. Operational efficiency & economic benefits ensure high demand for wood pellet heating systems.
4. Collectively, Italy and France markets are estimated to account for ~50% of the sales in the wood pellet heating systems by the end of 2029.
   • Italy is expected to be the key revenue maker for wood pellet heating systems, owing to government subsidies and incentives for installation of biomass heating systems.
5. Commercial sector is expected to remain a prominent investment area for wood pellet heating systems market players.
   • Noteworthy application potential of wood pellet heating systems has been identified in heat and energy generation purposes.

Commercial Sector – Key End-use Area of Wood Pellet Heating Systems

The Europe wood pellet heating systems market has been segmented on the basis of product, end use, and countries such as Germany, Italy, France, the U.K., Spain, Nordics, Benelux, Russia, and Rest of Europe.

• On the basis of product, wood pellet stove is estimated to hold significant shares of the Europe wood pellet heating systems market in terms of value. By the end of 2029, sales of wood pellet boilers are likely to take over the stove variants.
• By end use, the residential sector is projected to hold significant share of the Europe wood pellet heating systems market. Residential adoption of wood pellet heating systems is expected to be prominent across all countries, owing to the increasing inclination towards biomass heating systems, advanced technologies, and optimum efficiency of wood pellet heating systems over conventional systems. However, the usage in industrial sector, followed by commercial, is expected to grow at a high CAGR.

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Europe Wood Pellet Heating Systems Market Key Segment

Product Type

• Boilers
  • 1- 10 kW
  • 10- 50 kW
  • 50 kW -200 kW
  • 200 kW -500 kW
  • 500 kW- 1,000 kW
  • 1,000kW – 5,000kW
• Stoves
• Fireplace
• Biomass Gasifiers

End Use

• Residential
• Commercial
• Industrial

Country

• Germany
• Italy
• France
• U.K.
• Spain
• Nordics
• Benelux
• Russia
• Rest of Europe

Wood Pellet Heating Systems Market: Vendor Insights

The report lists some of the prominent market players, who are recognized as leaders in the Europe wood pellet heating systems market. Some of the key players in the Europe wood pellet heating systems market are Ferroli S.p.A., BioCurve, ÖkoFEN Research and Development Ges.mbH, Linea Trovata, HAAS + SOHN OFENTECHNIK GMBH, Erwin KOPPE – Ceramic Heaters GmbH, Fröling GmbH, Biotech Energietechnik GmbH, KWB – Kraft und Wärme aus Biomasse GmbH, Gilles Energie- und Umwelttechnik GmbH & Co KG, Solarfocus GmbH, Windhager Zentralheizung GmbH, Guntamatic Heiztechnik GmbH, ETA Heiztechnik, HARGASSNER GmbH, and Burkhardt GmbH.

The Europe wood pellet heating systems market is considerably fairly fragmented with some players holding prominent shares of the market. These players are offering Wood pellet heating systems under several brands.

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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

For additional insights on the wood pellet heating systems landscape, write to the analyst at press@futuremarketinsights.com

[192 Pages Report] Global scissor lifts market to grow at 3.5% CAGR through 2030. Scissor lift is an access equipment which falls under the category of aerial work platforms and is used for safe and efficient elevated material handling across various industries.

Global scissor lifts market is undergoing a massive transformation with a shift from the mature and saturated markets such as North America and Western Europe to the emerging economies such as China, ASEAN, and other South East Asia & Pacific countries. A key factor supporting this expansion is the surging construction activities across developing countries.

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In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors fuelling the demand for scissor lifts. The report tracks the global sales of scissor lifts in 20+ high-growth markets, along with analysing the impact COVID-19 has had on the end-use industry and scissor lifts in particular.

With rental companies playing a pivotal role in the scissor lifts market, organisation in the rental industry are expected to focus on expanding their network across developing countries, creating new growth prospects for manufacturers.

While the growth projections for scissor lifts market remaining strong, the ongoing COVID-19 pandemic crisis is expected to cause a minor strain in demand. Disruptions witnessed in manufacturing units and supply chain networks because of shutdowns in several countries are expected to affect the consumption of Scissor Lifts. However, the market is expected to recover in year 2021.

The market will especially gain from the rising demand from AWP rental service providers. FMI has projected the segment to account for over 80% of the demand recorded in the market through the forecast period. Also, increasing application in manufacturing, construction, commercial, and other sectors will continue aiding growth.

Key Takeaways from Scissor Lifts Market Study

• Scissor lift market will expand at a steady pace, exhibiting 3.5% CAGR between 2021 and 2031
• The U.S. is expected to account for over 40% sales of scissor lifts
• U.K. will remain the key market in Western Europe
• Germany and France will continue exhibiting high demand backed by rising construction activities
• Sales in Japan and South Korea to increase at a positive pace

“Besides keeping long-term alliance with their key buyers, companies are offering training courses for operators and focusing on expanding their product range by including electric, hybrid or bi-energy scissor lifts to cater the growing demand for aerial work platforms across the world” said a lead FMI analyst

What’s the Future Outlook?

Growing shift towards hybrid lift development which helps rental fleet owners to leverage the flexibility of scissor lift performance for higher utilisation and longer term rentals will be remain as a prominent force in shaping the scissor lifts market.

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Scissor Lifts Market Key Segments

Platform Height

• Up to 30′,
• 30′ – 50′,
• Over 50′,

Ownership

• AWP Rental Service Providers,
• End-Use Industries
  • Construction
  • Entertainment
  • Commercial
  • Manufacturing
  • Others

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• Japan
• SEA
• MEA

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Who is winning?

Some of the leading companies operating in the scissor lifts market are Terex Corporation (Genie), JLG Industries, Inc., Linamar Corporation (Skyjack), Snorkel International, Haulotte Group, and Zhejiang Dingli Machinery Co, Ltd. These companies are incorporating new environmental-conscious technologies. Along with this, they are fine-tuning their expansion strategies to gain competitive edge.

For instance, Haulotte announced launching two new mobile elevating work platforms that have fully electric architecture to offer excellent performance, while reinforcing direction taken by the company towards environmentally friendly alternative energies.

Up from the revenues worth US$61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favour the growth of market over coming years.

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

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

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2016-2020 Telecom Tower Power System Market Outlook Compared to 2021-2031 Forecast

Revenue generated by the diesel generator + battery segment of the telecom tower power system market rose strongly in 2021. Demand grew by 5.6% between 2020 and 2021, enabling growth in the telecom tower power system market.

Growth registered can be attributed to the demand for energy efficient power systems across the globe. The demand for telecom tower power systems has increased consistently with the advent of 5G technology across the globe in recent years.

Key factors fueling telecom tower power systems demand include initiatives undertaken in introducing green telecom power systems. Leading power system 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 renewable energy is among the leading power sources, influencing demand for telecom tower power systems. China has emerged as a highly lucrative market for the production and export of telecom tower power systems. This can be attributed to increasing demand for electronic products, coupled with the adoption of advanced technologies and higher production capacities.

Will the COVID-19 Crisis Hamper the Telecom Tower Power System Market?

Lockdown restrictions have negatively impacted the global telecom tower power system market. Limited production and transportation delays have created obstacles amid the pandemic. With the consecutive waves of the novel coronavirus tightening noose across the world, production and distribution efforts have been impacted.

Several industries such as automobile, electronics, and construction have been adversely impacted. Increasing demand for electric products has resulted in higher adoption rates for power systems for expanding telecom infrastructure across the globe.

Despite the difficult situation, economies are steadily recovering in 2021. Company activities have begun to recover as supply and distribution networks improve. Against this backdrop, the pandemic is unlikely to have a long-term effect on the telecom tower power system market.

Category-wise Insights

Why is the Demand for Outdoor Telecom Power Systems Getting Stronger?

Based on telecom tower power system products, outdoor telecom power systems hold the lead, accounting for nearly 54% of the market in 2021. Outdoor telecom tower power systems are available in different configurations, and they are designed to protect equipment from external threats in varied climatic conditions with energy efficient solutions and high-performance, creating attractive growth prospects.

Outdoor telecom tower power systems are expected to remain the top choice, owing to requirements of performance efficiency and cost-effective solutions to reduce the risk of power fluctuations and failures.

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Which Power Source Accounts for Higher Sales of Telecom Tower Power Systems?

Diesel generator + battery power sources are estimated to hold the largest revenue share of more than 41% in 2021 owing to rising investments in telecom infrastructure projects in rural areas, which is crucial in connecting rural areas with other parts of the world with effective telecommunication networks.

Rise in high-performance, energy efficient power systems will propel the demand for diesel generator + battery systems, and is expected to support the interest for telecom tower power systems during the forecast years, to meet uninterrupted power supply requirements.

Telecom Tower Power System Market by Category

By 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)

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Competitive Landscape

Companies operating in the telecom tower power system market are aiming for strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity to address the growing demand of an expanding consumer pool.

• For instance, in December 2020, Ballard Power Systems signed an agreement with Eltek Nordic (Delta Electronics Inc.) to develop fuel cell backup power systems for communication networks. The collaboration aims to provide reliable backup power solutions for telecom networks and other critical communication infrastructure, with a focus on Nordic countries, primarily Norway, Denmark and Iceland.
• In June 2021, Ryse Energy entered the Tower Automation Alliance, which aims to coordinate hybrid renewable energy projects for telecom tower infrastructure.
• Advent Technologies Holdings Inc. announced an acquisition agreement with the Fischer Group for its fuel cell systems segment for remote and off-grid power requirements.

Future Market Insights (FMI), in its latest research, evaluates the vibrating screen market which includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the vibrating screen market and provides critical insights for the forecast period of 2019-2029. As per the research, the global vibrating screen market was valued at ~ US$ 1 Bn in 2018, and is estimated to increase at a CAGR of ~7% between the forecast period of 2019 and 2029.

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Upswing in mining processes to suffice the requirement for precious metals and hard rock minerals as well as in construction activities to build infrastructure assets is the messiah of pain points of the global vibrating screen market, suggests FMI. On the contrary, the growth trail will get hindered by tumbling mining operations on grounds of environmental amendments to curb carbon footprint and high attrition rate among miners due to on-site adversaries.

Vibrating screens have been hitting the mark with innovations over the years as sieving equipment in grading and screening of the required material, which would have been otherwise impossible. FMI’s study suggests that major market players are including add-ons to the existing and new equipment for better screening efficacy and elongated life-cycle.

Demand for Circular Vibrating Screens in Mining Industry to See an Upturn

Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.

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On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.

Manufacturers showing Stauncher Inclination toward Direct Drive System

As per the FMI’ report, adoption of direct drive system in vibrating screen accounts for more than 50% of the market revenues owing to the absence of gearboxes and belts in the design, which results in lesser wear and tear between the components. The direct drive system is cost-efficient as the moving parts in the operation and framework are less complicated. For noise abatement, the direct drive system comes up with simple arrangement and lesser moving components which may vibrate during mechanism. Furthermore, the reduced number of kinetic parts prevent easy loss of energy due to friction, enabling better efficacy, improved accuracy and increased life-cycle of the vibrating screen components. The indirect drive system, on the other hand, is subjected to friction between constituents including, gears, couplers, and pulleys, implying decreased efficiency and precision.

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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.

This study tracks the growth of global Vibrating Screen Market over the course of 2019-2029. For more insights, write to the analyst at press@futuremarketinsights.com