Electric Motor Market Share, Development by Companies Outlook, Growth Prospects and Key Opportunities by 2030

Global sales of electric motors are set to be valued at over US$ 104 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 5.1% CAGR from 2021 to 2031.

The growing requirement for pumping application from agriculture, water treatment plants, oil & gas sector and other industries is expected to drive the electric motors market in the forecast period. Increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards market growth in the years to come.

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Key Takeaways from Electric Motors Market Study

  • <1HP. Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.
  • The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.
  • East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.
  • Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.
  • The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

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By Segmentation:

Power Output:

  • <1HP
  • 1-5HP
  • 5 – 10 HP
  • 10 -20 HP
  • 20 – 50 HP
  • 50 – 100HP
  • 100 – 300 HP
  • 300 – 500HP
  • Above 500HP

Product Type:

  • AC Motor
    • Induction Motor
    • Synchronous Motor
  • DC Motor
    • Brushed DC
    • Brushless DC

By Application:

  • Pumps
  • Fans
  • Drives
  • Compressor
  • General Machinery
  • Centrifugal Machinery
  • Grinders
  • Extruders
  • Robotics
  • Others

By End Use:

  • Industrial
    • Oil & Gas
    • Power Generation
    • Mining
    • Food & Beverages
    • Pulp & Paper
    • Chemicals
    • Air Separation Plant
    • Other Manufacturing
  • Residential
  • HVAC & Refrigeration
  • Medical
  • Municipal Water Treatment
  • Transportation
    • Automotive
    • Aviation
    • Electric vehicles
    • Railways
    • Boats
  • Others

By Region:

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

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Competitive Analysis:

The electric motors market is highly competitive with more than 1,000+ players consisting of tier-1, tier-2 and local based vendors across the region, key players accounting for around 20-30% 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 General Electric, Robert Bosch GmbH, Hitachi, Ltd., Nidec Corporation, WEG S.A., Siemens AG, ABB Group, Regal Beloit Corporation, Toshiba Corporation, Johnson Electric, Hyosung Corporation, Schneider Electric SE, Bonfiglioli Riduttori S.p.A., Kirloskar Electric Company Ltd., Allied Motion Technologies Inc., East West Manufacturing, LLC, Hyundai Electric Co. Ltd.

CO2 laser market is anticipated to witness a robust growth in the coming years.

CO2 laser, invented in 1964, is a high power laser used for cutting through ferrous and non-ferrous metals. CO2 laser is a mixture of various gases like carbon dioxide, nitrogen, helium, xenon and/or water vapor and even hydrogen sometimes. Because of their eminent power capabilities, CO2 laser is widely used in industrial applications for cutting, engraving, and welding. In 1984, CO2 laser was approved by the U.S. Food and Drug Administration (FDA), applying in the healthcare industry more mainstream.

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Use of CO2 laser causes less bleeding, less pain and a significantly reduced risk of infection, making it a preferred choice in medical and cosmetic surgeries. CO2 laser is since being used as an incision tool in various surgeries, like dermatology, neurosurgery, otorhinolaryngology, plastic surgery, gynaecology and ophthalmology. Apart from these, CO2 laser also finds applications in military, communications and different manufacturing industries, making it one of the most widely used type of laser in the industry.

CO2 Laser: Market Dynamics

CO2 laser finds its applications in several manufacturing industries and in health and diagnostics field. CO2 lasers are used for cutting highly precise designs from materials of varying thickness, at a high speed. Hence, they are used in cutting, welding and drilling components, ranging from tiny to large sizes. CO2 lasers have become a go-to choice for cosmetic surgeries like skin lesion and anti-aging surgeries. It is also being used in various complex surgical processes like neurosurgery, spine surgery and ophthalmology, among others, where large excisions are involved and expected loss of blood is significant.

Use of CO2 laser in design for manufacturing (DFM) has been gaining prominence in several manufacturing industries. DFM helps manufacturers make a manufacturing process easier, economical, by checking if a product design can be put into the manufacturing process. With the use of CO2 lasers, manufacturers can now incorporate more complex designs into the manufacturing process, as CO2 lasers can achieve high precision cutting even for complex designs. CO2 laser is increasingly being used in military applications, for LIDAR imaging, which serves as a better alternative to satellite imaging, because of its higher accuracy in imaging.

CO2 laser is expected to witness significant competition from fiber lasers, especially in micro-machining applications, as they are cheaper and precise as compared to CO2 lasers. But given its unparalleled advantages in diagnostics and manufacturing sectors, CO2 laser market is expected to witness a robust growth in the coming years.

CO2 Laser Market: Regional Outlook

East Asia region is expected to dominate the global CO2 laser market, owing to the high demand from electronics, semiconductors and manufacturing industries in China, Japan, and South Korea. East Asia is expected to grow the fastest in the CO2 laser market, driven by the growing manufacturing sector in India. Europe is also expected to hold a dominant share and grow at a moderate pace in the global CO2 laser market, owing to the maturity in the adoption of CO2 laser in various end use industries. North America is also expected to exhibit similar growth pattern in the CO2 laser market growth.

CO2 Laser Market: Market Participants

Some of the key market participants identified in the CO2 Laser market across the globe are:

  • TRUMPF
  • Coherent, Inc.
  • FANUC CORPORATION
  • Han’s Laser Technology Industry Group Co., Ltd
  • El.En. S.p.A.
  • LIGHTMACHINERY, INC
  • AMTEC
  • Epilog Laser
  • Control Laser Corporation USA
  • Kern Electronics & Lasers, Inc.
  • PRC Laser Corporation

Brief Approach to Research

The research report presents a comprehensive assessment of the CO2 Laser market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to CO2 Laser market segments such as geographies, application and industry.

The report covers exhaustive analysis on:

  • CO2 Laser Market Segments
  • CO2 Laser Market Dynamics
  • CO2 Laser Market Size
  • CO2 Laser Supply & Demand
  • CO2 Laser Current Trends/Issues/Challenges
  • CO2 Laser Competition & Companies involved
  • CO2 Laser Technology
  • CO2 Laser Value Chain

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Regional analysis includes:

  • North America (U.S., Canada),
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru),
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordics),
  • South Asia (India, ASEAN, Others),
  • East Asia (China, Japan, South Korea),
  • Oceania (Australia, New Zealand),
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel),

This 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. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with CO2 Laser market attractiveness as per segments. The report also maps the qualitative impact of various market factors on CO2 Laser market segments and geographies.

CO2 Laser: Market Segmentation

The overall CO2 Laser market can be segmented based on application as:

  • Therapeutic & Diagnostics
  • LIDAR Imaging
  • Cutting & Perforations
  • Welding
  • Drilling

The overall CO2 Laser market can be segmented based on output power as:

  • Up to 50 W
  • 50 W to 500 W
  • 500 W to 1000 W
  • Above 1000 W

The overall CO2 Laser market can be segmented based on end-use sector as:

  • Military & Defence
  • Aerospace
  • Metal Processing
  • Healthcare
  • Manufacturing
  • Automotive
  • Telecommunication

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Report Highlights:

  • Detailed overview of CO2 Laser’ parent market
  • Changing CO2 Laser market dynamics in the industry
  • In-depth CO2 Laser market segmentation
  • Historical, current and projected CO2 Laser market size in terms of volume and value
  • CO2 Laser recent industry trends and developments
  • CO2 Laser competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth in CO2 Laser market
  • A neutral perspective on CO2 Laser market performance
  • Must-have information for CO2 Laser market players to sustain and enhance their market footprint

Fire Pump Market is anticipated to be the maximum in the next half-a-decade’s forecast period.

Extensive Industrialization to Pave the Way for Fire Pumps Market Usage across Several End-Use Industries

As manufacturing industries expand, fire hazards at industrial sites have heightened in equal proportion. The risks of fire outbreaks are especially high across chemical manufacturing, petroleum extraction, and oil & gas industries.

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According to estimates by the International Association of Fire and Rescue Services, there were over 1.3 million cases of fires reported in the United States and nearly 3 million cases in France, respectively.

Fire hazards resulted in direct economic losses amounting to US$23 billion as of 2016. On the back of these trends, the demand for fire pumps across these sectors is expected to be the maximum in the next half-a-decade’s forecast period.

Governments are enforcing stringent fire safety regulations across factories and making it mandatory for all industrial plants to have proper fire escape and firefighting facilities. Countries such as the United States are appropriating their budgets to install fire pumps across industrial and household sectors, respectively.

Fire Pump Market- Competitive Landscape

Some prominent market players in the fire pump market include Xylem Inc., Grundfos Pumps Corporation, Pentair Ltd, CET Fire Pumps Mfg Inc, Eaton, Waterous, NAFFCO, Armstrong Fluid Technology, and Canaries Corporation. Acquisition of certifications, product launches, and research and development are the key expansion strategies resorted to by the vendors.

For instance, CET Fire Pumps Mfg Ltd., manufactures the PFP-9HPNHND-EM High-Volume Portable Fire Pump, the PFP-9HPHND-M, and PFP-9HP-DSL pumps. Likewise, Waterous manufactures the PB18 and E500 portable fire pumps.

The former is equipped with a Briggs & Stratton 18 HP V-Twin gasoline engine with an 11-liter fuel tank capacity. The E500 series is specifically designed for mounting on specialized attack vehicles, equipped with a Kubota 899 cc diesel engine, and is available in two models: E501 or E511.

Electric Fire Pumps to Tower over Others because of Cost & Operational Benefits

To operate power, electric fire pumps will gain higher ground compared to other pumps such as diesel pumps. A key differentiator between electric and diesel pumps is the cost factor, with the former proving comparatively more inexpensive than the latter.

While electrical pumps require dedicated servicing and may have high electrical costs, diesel pumps require constant inspection of their batteries, oil intake, cooling system, engine, and hose maintenance, besides a weekly run test.

This puts electric pumps at a higher pedestal, leading to heightened demand across the upcoming forecast period. Recently, however, the usage of dual fire pumps has experienced an upward thrust. While electric pumps result in major cost savings, several difficulties may arise while using them. The most important barrier to using electric pumps is the constant electricity supply it requires.

In case of power failure, electric pumps cannot be used. In this scenario, a combination pump that runs on both electricity and diesel is highly desirable. Whenever there is a power outage, users can simply switch over to the diesel model, rendering it in working condition should an emergency arise.

Oil & Gas Spearheads Global Fire Pumps Market due to Increased Fire Hazard Vulnerabilities

For fire hazards, there is probably no industry which is as vulnerable as the oil & gas industry. While undertaking exploration and drilling activities, workers are constantly at the risk of severe injuries from fires induced by explosions because of the ignition of flammable vapors or gases.

Volatile gases such as hydrogen sulfide are released from trucks, wells, production, and surface equipment. When close to ignition sources, such as cigarettes, lightning, static electricity, matchsticks, lighters, frictional heat, and cutting and welding tools, these can easily vaporize and catch fire.

To prevent such hazards, oil and gas companies have made fire safety a top priority, augmenting spending on the installation of fire pumps at various exploration facilities.

Global Fire Pumps Market: Regional Insights

Amongst all the regions profiled in this report, the North American fire pumps market is expected to remain the hegemon throughout the forecast period. Growth is majorly attributed to a rise in fire accidents across the industrial and residential sectors.

According to the National Fire Protection Association, in 2018, the U.S fire departments responded to approximately 1.3 billion fire incidents, which resulted in over 3,500 civilian fatalities and over 15,000 injuries.

A loss of US$25.6 billion in property was recorded, most of them arising from the Californian wildfires. This has prompted government agencies to augur their spending on fire safety measures.

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Significant growth opportunities exist in the Asia-Pacific region, with South Asia recording the highest number of industrial and residential fire hazards. Most of these incidents occur in India and Bangladesh.

This is largely ascribed to hazardous working conditions in factories, with no fire safety mechanisms in place. Most factories are not even equipped with basic fire extinguishers or exits, often causing immense fatalities on an annual basis.

In September 2016, a massive fire at Tampaco Foils, a food, and cigarette packaging factory, situated north of Dhaka, killed at least 34 people while injuring dozens. There have been worse incidents than this tragedy.

Fortunately, the government has been taking major steps to improve working conditions and ensure the safety of its workers, thus increasing spending on fire pumps.

COVID-19 Induces Sluggishness in the Short-Run, Growth to Rebound in the Long-Run

The COVID-19 pandemic has adversely affected the industrial automation & equipment industry, which also incorporates the fire pumps’ market within its ambit.

Several fire pump manufacturers have recorded a slump in their sales and production because of ceasing business activities induced by mandatory social distancing protocols. Employees are being encouraged to remain indoors, leading to limited production on-site.

Logistical impediments are rendering it difficult for factory workers to travel to their workplace, inducing further downturns in the market. Governments have realized the importance of firefighting and have been taking measures to ensure that the market functions without hindrances.

After all, firefighting is categorized as an essential service, putting it on an equal pedestal as healthcare & pharmaceuticals, food & agriculture, information & communications technology, and power generation.

All firefighting personnel is being provided with personal protective equipment and being asked to maintain strict social distancing on-premises, keeping the industry afloat. Hence, the fire pumps’ market sales will rebound in the long-term forecast.

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada),
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Report Highlights

  • 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.
  • The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments.
  • The report also maps the qualitative impact of various market factors on market segments and geographies.

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Global Fire Pump Market Segmentation:

By Power for Operating 

  • electric fire pumps,
  • diesel fire pumps,
  • steam turbine
  • dual fire pumps,

By Product Type

  • horizontal split case
  • vertical split case
  • vertical inline
  • vertical turbine
  • end suction
By Application, 

  • irrigation
  • sludge handling
  • wastewater
  • boiler feed
  • stormwater handling,
  • others

Palletizing Robots Market Grow At 14.8% CAGR Between 2017-2022

Global palletizing robots market is receiving a huge boost due to the major technological advancements in this field. There is a pressing need to transport finished products to the market in an efficient manner and this has made the use of palletizing robots imperative, due to the fact that they can do the job efficiently and in a speedy manner. Most of the production units are opting for palletizing robots in order to achieve higher production rates.

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The market in APEJ is set to dominate the global palletizing robots market in terms of value and this trend is projected to sustain itself throughout the assessment period. APEJ palletizing robots market is the most attractive market, growing at a robust CAGR over the forecast period.

The global palletizing robots market is slated to touch a value of about US$ 1,500 Mn in the year 2022 and display a robust CAGR during the assessment period.

4 Forecast Highlights on Global Palletizing Robots Market

  • As per the forecast of Future Market Insights, the bag palletizing segment is slated to touch a value of more than US$ 600 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The bag palletizing segment is estimated to account for more than one-third of the revenue share of the machine type segment by the year 2017 and is forecasted to gain market share by 2022 over 2017.
  • As per the forecast of Future Market Insights, the pharmaceutical segment will reach a value of about US$ 96 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The pharmaceutical segment is forecasted to account for more than one-tenth of the total revenue share of the end use type segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
  • As per the forecast of Future Market Insights, the consumer products segment is slated to reach a value of about US$ 350 Mn in 2022. The consumer products segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the APEJ region in the consumer products segment.
  • Future Market Insights forecasts the China palletizing robots market to exhibit a compound annual growth rate (CAGR) of nearly 16% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the palletizing robots market like KUKA AG, DAN-Palletiser AS, ABB Limited, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., Brenton, LLC, Fanuc Corporation, Remtec Automation, LLC, YASKAWA Electric Corporation and Krones AG.

Food and Beverages Segment to Exhibit a CAGR of More than 13% During the Assessment Period

According to the assessment of Future Market Insights, the food and beverages segment is poised to touch a figure of about US$ 390 Mn in the year 2022. This signifies a CAGR of more than 13% during the assessment period from 2017 till the year 2022. The food and beverages segment is estimated to account for more than one-fourth of the revenue share of the end use type segment by the end of the year 2017 and is projected to lose market share by 2022 over 2017.

The factors that are driving the palletizing robots market include improved functionality of such robots along with a simplified user interface. Moreover, there is an introduction of kind of palletizing robots in the market that can lift heavy loads and can even lift products from greater heights due to their long arms.

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Due to the changing requirements of the packaging industry, hybrid palletizing robots have been developed that possess the flexibility and advantages of a robotic palletizer and can handle complex work tasks with the simplicity of a conventional high speed palletizer. Such kind of palletizing robots can even handle delicate products and perform heavy duty functions as well, apart from being simple to use and cost effective in operations.

Refrigeration Compressor Market 2021 | Present Scenario and Growth Prospects 2026

Future Market Insights upcoming report on global Refrigeration Compressor market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Refrigeration Compressor market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2021 and beyond.

Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Refrigeration Compressor market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

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To receive the detailed insights about the Refrigeration Compressor market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Refrigeration Compressor market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Refrigeration Compressor market.

Key Questions Answered in the Report

  1. What are the key trends and challenges that will affect global Refrigeration Compressor market in upcoming years?
  2. What are the factors that will influence the Refrigeration Compressor market demand?
  3. Which region will be the most lucrative for Refrigeration Compressor market throughout the forecast period?
  4. How will evolving regulatory policies impact the market growth?
  5. What is the impact of Covid-19 on the Refrigeration Compressor market?

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Refrigeration Compressor Market: Segmentation

By Region

  • Food and beverages
  • Logistics and transportation
  • Chemical
  • Pharmaceutical
  • Automobile

Detailed analysis on the geographical region and country wise insights are offered in the latest Refrigeration Compressor market report with established market players as well as incumbents in the region.

On the basis of type of compressor, the global refrigeration compressor market is segmented as:

  • Reciprocating compressor
  • Screw compressor
  • Centrifugal compressor
  • Rotary compressor
  • Scroll Compressor
  • Others

On the basis of application, the global refrigeration compressor market is segmented as:

  • Domestic
  • Commercial

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

  • Bitzer SE
  • Emerson Electric Co.
  • Dorin S.p.A.
  • Embraco
  • Mitsubishi Electric Corporation
  • Frascold SpA
  • GMCC Company
  • Fusheng Co. Ltd.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Refrigeration Compressor market

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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 Refrigeration Compressor 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

U.S. Industrial Vacuum Cleaners Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast 2018-2028

Future Market Insights (FMI), a multinational market intelligence firm, in its recently released report on the global industrial vacuum cleaners market, gives out a comprehensive analysis of the demand-supply landscape along with some key actionable insights into the category pricing analysis.

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Based on region, the global industrial vacuum cleaners market is segmented into North America, Latin America, Western Europe, Eastern Europe, China, India, Japan, SEA & Pacific, and Middle East & Africa. The North American industrial vacuum cleaner market accounted for a value share of 32.8% in 2017 and is projected to continue its dominance in the global industrial vacuum cleaner market during the forecast period. Sales of industrial vacuum cleaners in China and India are expected to represent a total incremental opportunity of US$ 22.0 Mn and US$ 13.3 Mn, respectively, between 2018 and 2028.

The global Industrial Vacuum Cleaners market is expected to reach over US$ 771.2 Mn by the end of the forecast period, witnessing a value CAGR of 5.3%. According to the analysis, in terms of volume, the global industrial vacuum cleaners market is estimated to reach 86,913 units by 2018 end and is anticipated to increase to 133,797 units by 2028, exhibiting a CAGR of 4.4% over the forecast period.

The report covers comprehensive information about Industrial Vacuum Cleaners market dynamics, volume (Units) and value (US$ Mn) projections, recent developments, and competitive landscape for the study period 2018 to 2028.

Design and Technological Innovations to Drive Sales; APEJ to Offer Installation Opportunities

  • Several industrial vacuum cleaners manufacturers are focusing on developing innovative products—in terms of capacity and capability. Ranging from super-sized robot industrial vacuum cleaners for airports, equipped with large-capacity canisters along with multi-brushes and motors to ‘smarter’ variants having cameras and obstacle-detecting sensitive bumpers and sensors using LIDAR (Light Detection and Ranging) and Simultaneous Localization and Mapping (SLAM) technology for effective location tracking—such advancements are predicted to increase the adoption of industrial vacuum cleaners in the coming years.
  • The adoption rate of industrial vacuum cleaners is anticipated to remain promising in emerging markets of APEJ, considering shifting production sites to low-cost facilities. APEJ will remain the most preferred center for global companies to set up manufacturing facilities, translating into the faster replacement of manual cleaning equipment. GCC countries, on the other hand, are projected to restrict dependence on oil by equipping the cleaning equipment with IoT sensors.

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Insights from Segmental Analysis

  • Based on the current market scenario, canister-type industrial vacuum cleaners will dominate the landscape, with approximately 55 percent market share. Better maneuverability combined with superior capacity and efficiency compared to upright and backpack makes canister-type industrial vacuum cleaners extremely versatile and capable of cleaning numerous surfaces. However, FMI foresees growing demand for the other two variants, specifically in smaller work areas.
  • Based on mode of operation, although Electric industrial vacuum cleaners will dominate in terms of value and volume sales, with approximately 78 percent market share, the Pneumatic mode type is anticipated to represent a promising demand landscape in the coming years, given its simplistic designs and higher efficiency compared to electric variants.
  • Portable industrial vacuum cleaners, by system type, will remain at the forefront due to their suitability in tight spaces, versus stationary systems.
  • The application of industrial vacuum cleaners for heavy-duty cleaning processes will generate maximum revenue, specifically in extensive food & beverage and pharmaceutical applications. The explosion-proof segment is estimated to capture around one-third of the total market value by 2028-end.

By Segmentation:

Application

  • Heavy Duty
  • Medium Duty
  • Explosion Proof

Mode of Operation

  • Electric
  • Pneumatic

System Type

  • Portable
  • Stationary

Product Type

  • Upright
  • Canister
  • Backpack

End-Use

  • Food & Beverage
  • Pharmaceuticals
  • Construction
  • MetalWorking
  • Automotive
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • India
  • Japan
  • SEA & Pacific
  • Middle East & Africa

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Competitive Landscape Analysis:

In a nutshell, the key focus remains on consolidation efforts in the highly competitive industrial vacuum cleaners market, as small and medium-sized manufacturers dominate the landscape.

  • Tier-1 companies, such as Alfred Kärcher GmbH & Co. KG, Nilfisk, Inc., TTI Floor Care North America, and DELFIN are expected to hold a relatively larger market revenue slice, given the expansive product portfolio and efficient distribution channels.
  • Tier-2 companies, on the other hand, hold approximately 33 percent market share, showing strong dominance over regional markets. Such companies include Numatic International Ltd., G. Staehle GmbH u. Co. KG, and Ghibli & Wirbel SpA, among others.
  • Key manufactures of industrial vacuum cleaners are projected to focus on price reduction, wider product offerings, and long-term distribution partnerships for a stronger local presence.
  • Considering substantial revenue opportunities in China, India, and SEAP, manufacturers are likely to aggressively push products in these markets through a well-structured and efficient supply chain along with an improved retailing network.

Commercial Slush Machine Market 2018 -2028 Outlook

With 1000+ market research reports and 1 billion+ data points, Future Market Insights (FMI) serves every requirement of the clients operating in the global packaging industry. FMI deploys digital intelligence solutions to offer compelling insights to report buyers that help them in overcoming market challenges, especially at the time of a crisis. Our dedicated team of professionals performs an extensive survey for gathering accurate information associated with the market.

FMI, in its upcoming business report, elaborates the historical and current scenario of the global Commercial Slush Machine market in terms of production, consumption, volume, and value. The report scrutinizes the market into various segments, regions, and players based on demand patterns and growth prospects.

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Crucial information and forecast statistics covered in the Commercial Slush Machine market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.

COVID-19 Impact Analysis on Commercial Slush Machine Market

The recent outbreak of the COVID-19 has adversely affected various markets in the packaging industry, and the Commercial Slush Machine market is no exception. Products that are deemed ‘essential’ continue to experience significant sales, while non-essential items faced a sharp decline in demand.

Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Commercial Slush Machine market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace. Several market players are further planning to relocate their supply chain from China – the first epicenter of the COVID-19.

The FMI’s report includes an interesting chapter on the preliminary impact of the COVID-19 on the Commercial Slush Machine market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.

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Commercial Slush Machine Market: Segmentation

Valuable information covered in the FMI’s Commercial Slush Machine market report has been segregated into key segments and sub-segments.

The global commercial slush machine market is segmented based on machine type:

One Tank Two Tank Three tank

The global commercial slush machine market is segmented based on its capacity:

One gallon Two to three-gallon

The global commercial slush machine is segmented based on its end use:

Institutional Hospitality

Commercial Slush Machine Market: Competition Analysis

The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Commercial Slush Machine market. The competitive information detailed in the Commercial Slush Machine market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Commercial Slush Machine market report.

Key players covered in the report include:

Elmeco, Chubu Corporation, Wilbur Curtis Co., The Vollrath Company, LLC, Omcan Inc., Cofrimell S.a.s, MKK, Ugolini spa, H&H Products Company, Slush, CAB SpA

Important Questions Answered in the Commercial Slush Machine Market Report

Which end-user remains the top revenue contributor in different regional markets? At what rate has the global Commercial Slush Machine market been expanding during the forecast period? How will the global Commercial Slush Machine market look like by the end of the forecast period? What innovative strategies are adopted by Commercial Slush Machine market players to stay ahead of the pack? What are the restraints affecting the growth of the global Commercial Slush Machine market?

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Key Offerings of the Report

Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period. Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with the necessary information to make critical decisions Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Commercial Slush Machine market

Dredging Market Insights, Deep Analysis of Key Vendor in the Industry 2020-2030

Future Market Insights (FMI), an ESOMAR-certified market research and consulting firm, has published an updated edition to its widely cited report on the global dredging market.  The study revises its earlier forecast on dredging market growth, readjusting key indicators for COVID-19 impact.

The global dredging market is expected to grow modestly, expanding at approximately 4% through 2030, attributed to stagnation induced by the COVID-19 pandemic.

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This sluggishness is a result of volatility in the oil & gas industry, owing to plummeting exploration projects. Consequently, the need for port maintenance and dredging projects has dwindled, leading to a downturn across the near-term forecast.

On the other hand, efforts to sustain international maritime trade are creating pockets of growth.

Dredging projects have experienced an uptick due to the growing focus on boosting the tourism sector. For instance, Maldives is strengthening its tourism sector through its ambitious iHavan project. This is likely to enhance the scope of reclamation projects, providing traction to the dredging industry.

However, cessation of cross-border travel due to COVID-19 is impacting the tourism industry, with the UN World Tourism Organization estimating an over 20% decline during Q1 2020. This is bound to impact dredging operations in the short run.

Downturns are largely attributed to volatility in the oil & gas sector, a key end-use industry for dredging projects. However, government efforts to address flooding problems in coastal areas and low-lying plains is likely to keep dredging projects demand sustained in the long-term.

Furthermore, efforts to sustain global trade volumes to reinvigorate the economy is providing much-needed stimulus to the market.

Key Takeaways
  • High urbanization rate across emerging economies to fuel dredging projects in the long run
  • Government agencies to comprise over 40% of the dredging equipment customer base
  • Adoption of innovative equipment monitoring technologies such as smart virtual software growing
  • East Asia to emerge as the largest market, expanding at over 4% CAGR
  • Trade maintenance to be key application area, accounting for 3 out of 10 projects through 2030

“Rising concerns over possible environmental damage is prompting dredging corporations to collaborate with governmental and private players to develop eco-friendly approaches to expand their projects,” concludes an FMI analyst.

The COVID-19 pandemic has resulted in an unprecedented recession which is expected to influence the dredging market size to a large extent. Massive production crunches across the oil & gas and tourism sectors are adversely impacting the dredging market.

As the pandemic spread, the grounding of airplanes and automobiles led to a massive downswing in the transportation sector. This resulted in an abrupt demand shock across the oil and gas industry, compelling oil producing giants to cease production, leading to a glut in product inventories.

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Market Structure Analysis

FMI’s dredging market analysis has incorporated the following market players within its ambit*:

  • China Communications Construction Company Limited
  • Jan De Nul Group
  • Royal Boskalis Westminster N.V
  • Dredging, Environmental and Marine Engineering NV (DEME)
  • Van Oord
  • Great Lakes Dredge & Dock Corporation
  • Royal IHC
  • National Marine Dredging Company
  • Penta-Ocean Construction Co., Ltd.
  • TOA Corporation
  • Hyundai Engineering & Construction Co. Ltd.
  • Vosta LMG
  • J.F. Brennan

Presence of multiple vendors renders the landscape highly competitive, prompting them to forge strategic alliances, undertake joint ventures and enter into acquisitions. In addition, technological enhancements in dredging technology and equipment are imperative to ensure a firm footing in the market.

In 2019, Jan De Nul Group initiated maintenance dredging works in Nieuwpoort, Belgium. This project was part and parcel of the company’s commitment to reduce CO2 emissions by 15%. To achieve this, it incorporated renewable biofuel from sustainable waste flows.

In October 2020, Royal Boskalis Westminster N.V secured multiple dredging contracts across Germany worth € 45 million from a host of regional maritime transport vendors. These contracts aim to provide flood protection, construction of a shipping fairway and port maintenance across numerous locations.

Companies are also penetrating lucrative market by establishing regional offices and manufacturing units. Recently, Great Lakes Dredge & Dock Co. announced the transfer of its corporate headquarters to Houston from Oak Brook. This relocation will help it inch closer towards its regional clients in the Gulf Coast along the Mississippi River.

By Segment:

Application

  • Trade Activity
  • Trade Maintenance
  • Energy Infrastructure
  • Urban Development
  • Coastal Protection
  • Leisure

Customer

  • Government
  • O&G Companies
  • Mining Companies
  • Renewables
  • Others

Region

  • North America (U.S & Canada)
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America)
  • Europe (Germany, Italy, France, U.K., Spain, BENELUX & Rest of Europe)
  • East Asia (China, Japan & South Korea)
  • South Asia & Oceania (India, Thailand, Malaysia, Singapore, Australia & New Zealand and Rest of South Asia & Pacific)
  • Middle East & Africa (GCC, South Africa, Nigeria, Israel & Rest of MEA)

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According to Ministry of Tourism, Government of India, in 2019, foreign tourist inflow increased by 3.5%, while domestic tourism surged by a quarter, prompting it to undertake dredging projects. In February 2020, the Kerala tourism department announced the Akkulam lake rejuvenation project worth US$ 8.5 million.

As per the 2019 European Union Tourism Trends Report, 538 million tourists arrived in Europe in 2018, with the EU registering maximum inflow (82.2%). Consequently, the number of dredging projects throughout Europe has witnessed a substantial increase in recent years.

Credible opportunities also exist across Latin America, with Mexico at the forefront. Inbound tourist inflow increased by nearly 1% in August 2020 from July 2020, attributed to a flattening COVID-19 infection curve. Therefore, dredging projects are witnessing an upsurge. In February 2020, the Mexican navy deployed two new dredgers for land reclamation.

Elevators And Escalators Market is projected to increase its share to 12.0% by 2030 worldwide : FMI

Elevators and Escalators are the two unavoidable parts of the everyday life of humans. Multifarious malls and skyscrapers make elevators and escalators the must-haves in every building. Busy time schedules and an increased number of aging population cause the facility of escalators and elevators in residential apartments across the globe. According to the U.S. Census Bureau, the aging population (above 65 years) held an 8.5% share of the total population worldwide during the year 2015 and is projected to increase its share to 12.0% by 2030.

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Factors like rapid urbanization, changing demographics, and increasing constructional activities around the world are expected to drive the growth of the global elevators and escalators’ market rapidly. Safety is considered the prominent factor in the selection of elevators and escalators’ service providers.

Elevator systems comprise hydraulic elevators, geared elevators, non-geared elevators, and machine room-less elevators (MRLs). Nowadays, MRLS are preferred over conventional geared elevators as they are technologically advanced, save space, and consume less energy. Based on services, new installation service dominates the global elevators and escalators market because of increasing demand from developing countries like China. However, maintenance and repair service is projected to grow at a significant rate over the forecast period. The manufacturers are focusing on improving the efficiency of the elevators and escalators coupled with the focus on a neat and clean environment.

Elevators and Escalators Market: Drivers

One of the major factors driving the growth of the elevators and escalators market is the increasing demand from the end-use sectors like residential, commercial, hospitals, etc. The increasing focus of government towards high-rise infrastructures coupled with the increasing need for rapid transit is expected to fuel the growth of the global elevators and escalators market. Continuous investment for the improvement of infrastructure at public places like railway stations, airports, shopping malls, etc. is further expected to upsurge the demand for elevators and escalators during the forecast period. Tourism is another sector that encourages the demand for elevators and escalators in places of importance for the ease and convenience of the tourists visiting the respective countries.

Elevators and Escalators Market: Restraints

A key factor affecting the growth of the elevators and escalators market negatively is its high initial cost of installation. Lack of skilled labor for after-sales maintenance is expected to hamper the growth of the elevators and escalators’ market. Escalation in consumption of energy and power by elevators and escalators is expected to retard the growth of the market during the forecast period.

Elevators and Escalators Market: Segmentation

The global elevators and escalators market can be viewed as two separate niches too, namely the elevators market and the escalators market. Elevators, based on their capacity, are segmented into 450 kg–1150 kg, 1150 kg–1500 kg, and 1500 kg–2000 kg. Escalators are further segmented into moving walkways and moving stairs escalators.

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The global elevators and escalators market can be segmented based on carriage type, application, and region. Based on carriage type, the elevators and escalators market is segmented into passenger and freight. Based on application, the market is segmented into commercial, residential, hotels, transportation, parking, and hospital. Based on regions, the global elevators and escalators market is segmented into North America, Asia Pacific excluding Japan (APEJ), Latin America, Western Europe, Eastern Europe, Japan, and Middle East & Africa (MEA).

Elevators and Escalators Market: Region-wise Outlook

Based on regions, the Asia Pacific led by China and India holds about a 65% share in the total aging population of the world and is expected to be the most prominent revenue generation region in the global elevators and escalators market. Europe, followed by North America, is expected to witness positive growth during the forecast period.

Elevators and Escalators Market: Players

Some examples of the players identified in the global elevators and escalators market are:

  • Otis Elevator Company
  • Kone Corporation
  • Schindler Group
  • Thyssenkrupp AG
  • Fujitec
  • Hitachi, Ltd.
  • Mitsubishi Electric Corporation
  • Toshiba Elevators and Building Systems Corporation
  • Hyundai Elevator Co., Ltd.
  • SJEC Corporation

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments, such as geographies, applications, and industry.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan
  • The Middle East and Africa
  • Japan

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. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. This report also maps the qualitative impact of various factors on market segments and geographies.

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Elevators And Escalators Market Report Highlights:

  • Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Hydrogen Electrolyzer Market CAGR of over 10% During Forecast Period 2020-2030

Future Market Insights, an ESOMAR-certified market research provider, opines that the long term outlook for hydrogen electrolyzer market will remain optimistic with growth pegged at 10% through 2030.

With costs of renewables substantially dropping, making them more competitive with conventional fuels, their use as feedstock for hydrogen electrolysis will boost market growth subsequently.

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Research for hydrogen fuel cell technology, H-CNG and mobility solutions will play a vital role in the market dynamics of hydrogen electrolyzers. With the growing popularity of fuel cell technology in automotive, notably electric mobility, demand for on-site hydrogen production will proliferate.

“The rising availability of CAPEX subsidies, tax rebates and low electricity costs will strongly intensify the adoption of hydrogen electrolyzers. In addition, hydrogen electrolyzers will provide the missing link between hydrogen and green electricity across various countries as it strives to achieve a de-carbonized environment” says FMI analyst.

Key Takeaways for Hydrogen Electrolyzer Market Study

  • PEM electrolyzers are expected to witness a higher demand growth vis-à-vis other electrolyzer variants on back of high purity output and economical features with regards to operations
  • Countries in Western Europe and Asia Pacific are key to the growth of hydrogen electrolyzer market, on account of their high growth potential & considerable market size
  • Accelerated demand for high purity of hydrogen is boosting the uptake of hydrogen electrolyzer over competitive technologies such as SMR

Hydrogen Electrolyzer Market Analysis

Conventionally, natural gas has been the primary source of hydrogen production. Around 6%-7% of its utilization is channelized towards hydrogen production. Production of hydrogen from natural gas is exorbitant with fuel being the largest cost factor.

With costs of renewable electricity steadily declining, production of hydrogen from water electrolysis will incite demand for hydrogen electrolyzers. Further, a steady dip in prices of solar, wind and PV is being witnessed.

Use of hydrogen electrolyzers at places with abundant supply of natural resources will pave way for a supply option at an affordable cost keeping into account distribution and transmission costs.

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By Segment:

The global Hydrogen Electrolyzer market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Product Type

  • Proton Exchange Membrane (PEM) Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Capacity

  • Low (<500 kW)
  • Medium (500 kW to 2 MW
  • High (Above 2 MW)

By Output Pressure

  • Low (≤10 bar)
  • Medium
  • (10 bar – 40 bar)
  • High (≥ 40 bar)

By Application

  • Ammonia
  • Methanol
  • Refinery Industry
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production & Fabrication
  • Pharma & Biotech
  • Food & Beverages
  • Glass Industry
  • Others

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East & Africa
  • Japan

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Competitive Landscape

The global hydrogen electrolyzer market is a fragmented market due to the presence of a number of regional as well as international players. The strategies of market stakeholders revolve around enhancing scalability, cost efficiency and increasing the production.

Some of the prominent companies in the hydrogen electrolyzer market include Siemens AG, Nel Hydrogen, McPhy Energy S.A, ITM Power Plc, Hydrogenics, Tianjin Mainland Hydrogen Equipment Co. Ltd, Areva H2Gen, Giner Inc., ELB Elektrolysetechnik GmbH, GreenHydrogen.dk ApS, iGas Energy GmbH, Beijing CEI Technology Co., Ltd. And Next Hydrogen, and Accagen SA etc. and others.