Market Research Blog – Page 15633 – New Product Development

Heat Pumps Market Competitive Growth Strategies Based on Type, Applications, End User and Region

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

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Energy-efficiency and environment-friendliness continue to be buzz words that impact production and demand of heat pumps. However, given that construction, especially in the residential segment, is a key determinant for demand of heat pumps, the drop in construction activity in almost all countries due to the COVID-19 pandemic has severely hurt the market. Some countries witnessed a drop in construction activity as high as 80 percent in 2020 when compared to the previous year. As a result, previous growth estimates for the market have been thrown awry and key players in the market have been forced to recalibrate their strategies.

As the world attempts to fight the COVID-19 pandemic, it has led to delayed production across several heat pump production facilities in major coronavirus hit countries such as the US, China, and Germany, This is expected to dampen heat pump sales by around US$ 1 Bn in 2020. Moreover, the COVID-19 pandemic will significantly impact consumer behavior in the short term, with domestic shipments from China for air source heat pumps (ASHPs) registering drop of over one-third in January 2020.

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

Key Takeaways from Heat Pumps Market Study

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

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

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By Segmentation:

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

Type

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

Power Source

Electric
Others (Gas Driven)

End User

Residential
Commercial
Industrial

Refrigerants

HFC
CO2
Ammonia
Hydrocarbon
Others

System Type

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

Region

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
MEA

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Competitive Landscape

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

Cat Litter Market expected to rise at over 5.3% CAGR between 2021 and 2031

Driven by increasing adoption of pets across the globe, demand for Cat Litter Market is expected to rise at over 5.3% CAGR between 2021 and 2031. Increasing expenditure by cat owners on the care products will result in growing demand for cat litter.

Some of the leading companies operating in the cat litter market are extensively relying on e-commerce platforms to establish their global presence. On the back of this, market players are investing heavily in promotional activities and new product launches to woo cat owners.

Demand for natural cat litter is surging exponentially. This can be attributed to the rising number of cat owners who are increasing the adoption of natural cat litter such as plant fiber litters. Increasing awareness regarding environment also has bolstered the adoption of recyclable and eco-friendly cat litter.

Hence, the demand for pine, walnut, and corn cat litters is increasing. Steered by this, some of the leading market players are investing in research initiatives to offer eco-friendly cat litter, which also is available at an affordable price. For instance, Yesterday’s News, a brand of Nestle Purina, manufactures unscented cat litter from post-consumer waste derived from newspapers. These developments are expected to help in growth of the market in the coming years.

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As per FMI, clumping litter will emerged as a highly sought-after product category. The report has projected clumping litter to account for over 79.3% of overall sales registered in the market through 2031.

The private label brands are likely to get increasingly popular in the market. FMI has projected the demand in the private label segment to increase at 6.3% CAGR over the course of the report’s assessment period.

“Rapid digitalization and expansion of e-commerce platforms are compelling key manufacturers to focus on product innovation and new marketing strategies such as Instagram and Facebook marketing to expand their customer base,” says the Future Market Insights analyst.

Key Takeaways from Cat Litter Market Survey

Clumping litter will contribute for nearly 4/5^th of global market share
Despite witnessing stagnant growth, fine clay litter will remain most preferred form owing to the low-cost
In terms of nature, conventional cat litter segment will project high growth, accounting for over 60.3% market share
As demand for cat litter is highest among adult cats, the segment accounts for roughly 78% of market revenue share through 2031
Online retailers are expected to be the primary sales channel for cat litter market
The U.S. is expected to account for over 76.5% of North America’s cat litter market share
Despite the high presence of prestigious brand across the U.K., the cat litter market is projected to grow at 2.8% CAGR
China is identified as one of the leading manufacturer of cat litter across East Asia, holding over 38% of market share
In 2031, India’s cat litter market will account for 21.7% of sales across South Asia

Key Drivers

Introduction of reusable and eco-friendly cat litter is improving the sales
Increasing investment in research by key players to reduce production cost will drive the sales of cat litter
Growing adoption of pets and cats, especially among millennials, will bolster the growth of cat litter market

Key Restraints

As silica granules are not absorbent, some cat owners have issues with the hygiene and related disease which increases the expense, this might hamper the sales
Due to the pungent and bitter smell caused by pine cat litter, many cat owners refrain from buying this cat litter, hindering the growth

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Competitive Landscape

As per Future Market Insights, Nestle Purina, The Clorox Company, Dr. Elsey’s, Kent Pet Group, and Tolsa Company are the top 5 players. New product offerings and promotional campaigns are some of the key expansion strategies adopted by aforementioned industry players.

In September 2021, Okocat, creator of next-generation plant and paper-based cat litter announced the expansion of its product portfolio through its online and offline franchise stores across Canada, which are available in its Pet Valu Stores.
In July 2021, Oil Dri Corporation announced the hike in its cat litter products prices during the FQ-22 across the U.S. and Canada. Through this the company intends to mitigate the impact of cost pressure of packaging, materials, and non-fuel manufacturing costs.
In November 2020, Nestle Purina announced the launch of its first cat litter, Tidy Cats Light Weight Free & Clean cat litter in a durable and refillable container available all across the U.S.

Prominent players operating in cat litter market profiled by Future Market Insights include:

Purina (Nestle SA)
Kent Pet Group
Dr. Elsey’s Cat Products
Church & Dwight Co.
Dirk Rossmann GmbH
Fressnapf Tiernahrungs GmbH
dm-drogerie markt GmbH + Co. KG
Arm & Hammer (Church & Dwight)
The Clorox Company
Mars Incorporated
J. RETTENMAIER & SÖHNE Gmbh + Co KG
H. von Gimborn GmbH.
Gruppo Laviosa Minerals Srl.
Tolsa Company
Others

More Valuable Insights on Market

In its latest report, Future Market Insights offers comprehensive insights on the global cat litter market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study offers incisive coverage on the global cat litter market with an unbiased analysis, segmented on the basis of:

By Product Type:

Clumping
Non-Clumping

By Material Type:

Clay
Silica
Plant Fibres
- Pine
- Paper/Wood
- Walnut
- Corn
- Others (Wheat, Grass, Pea Fibres etc.)

By Life Stage:

Adult
Kitten

By Nature:

Natural
Conventional

By Type:

Scented/Fragrance
Unscented/Without Fragrance

By Form Type:

Clay
- Fine Litter
- Coarse Litter
Silica
- Fine Litter
- Coarse Litter
Plant Fibres
- Fine Litter
- Coarse Litter

By Price Range:

US$5–US$10
US$10–US$20
Above US$20

By Sales Channel:

Direct Sales Channel
Indirect Sales Channel
- Hypermarkets/Supermarkets
- Multi-Brand Stores
- Pet Care Centres
- Pet Specialty Stores
- Online Retailers
- Discount Stores
- Drug Stores

By Region:

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

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Key Questions Covered in the Cat Litter Market Report

The report offers detailed insights into cat litter demand outlook for 2021-2031
The market study also highlights projected sales growth for cat litter market between 2021 and 2031
Cat litter market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Cat litter market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

Explore FMI’s Extensive Coverage on Consumer Product Domain

Smart Home Devices Market: The increasing customer preference for video doorbells, voice-assisted technologies (such as Alexa and Google Home), and security systems are anticipated to accelerate the smart home devices market. Because of the adoption of internet-enabled smart devices such as radio frequency identification (RFID), barcode scanners, and mobile computers, the overall IoT market is expected to develop.

Refurbished Printers Market: The sales of refurbished products have ballooned in the past few years. Consumers are increasingly gaining confidence in the refurbished printers as players t are engaged in offering extensive guarantees and warrantees. Besides this, small scale business units and start-ups are playing a key role in facilitating rise in adoption of refurbished printers in the market.

Vegan Footwear Market: The vegan footwear drive is backed by several leading names in the fashion industry. Veteran British designer Stella McCartney flagged the trend when she became the first luxury label to become vegetarian in 2001. Her fashion line has shunned the use of leather, fur, and feathers without compromising on quality and design aspects.

About Future Market Insights (FMI)

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

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Power Tools Market Competitive Growth Strategies Based on Type, Applications, End User and Region

The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis, the global power tools market is expected to reach US$ 33.36 Bn in 2021. The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

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The global power tools market size is expected to reach US$ 33.36 Bn in 2021. Increasing sales of cordless power tools will drive growth in the power tools demand by 5.1% CAGR between 2021 and 2031.

As per the latest Future Market Insights (FMI) analysis, demand for electric power tools and portable power tools will rise exponentially in the coming years. Soaring application in automotive, construction, aerospace and other industries also will create demand for handheld and pneumatic power tools.

The report also predicts power tools sales to constitute nearly 7% to 8% of the global tooling industry.

Key Takeaways of Global Power tool Market Study

The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
The overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
The U.S. is expected to spearhead growth in North America, accounting for over 62% of the overall share in the region in 2021
The U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
Outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

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By Segmentation:

Product Type

Drilling Tool
Fastening Tool
Heat Gun
Angle Grinder
Chain Saw
Orbital Sander
Jigsaw
Impact Wrench
Circular Saw

Technology

Electric
- Corded
- Cordless
Pneumatic

Application

Manufacturing
- Metal Fabrication
- Automotive
- Railways
- Aerospace
- Furniture
- Others
MRO Services
- Facility Management
- Automotive
- Aerospace
- Other Industrial
DIY
Construction

Sales Channel

Online
Offline

Region

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

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Global Power tool Market Competitive Landscape

The global power tools market is a highly competitive market owing to the presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain a competitive edge. Some of the leading manufacturers of the power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

Heat Induction Cap Liner Market poised to surge at above 5% CAGR between 2020 and 2030

The rising demand for technologically advanced packaging is aiding the expansion of the heat induction cap liners market. Future Market Insights (FMI) has forecast the market to record accelerated pace of gains backed by the rising demand for packaged food and drinks.

Heat induction cap liners are integral to packaging designs for bottles and jars. These liners help in preventing leakage, keeping contents inside fresh for a longer period of time. Induction cap liners are manufactured to offer advanced tamper-proof characteristics to packages.

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They serve as excellent barriers to leakage, improving the shelf life of product within. These liners can be used in a variety of bottles and jars and are therefore used increasingly across industries such as food and beverages, pharmaceuticals, personal care and cosmetics.

FMI’s study on the heat induction caps liners is intended to discover hidden opportunities within the market. It identifies the most lucrative pockets and warns companies against potential threats. Some of the key takeaways from the report are:

The heat induction cap liners market is poised to surge at above 5% CAGR between 2020 and 2030
Among materials used, plastic will account for more than half of the market. Paper however will constitute the fastest growing segment
While demand in pharmaceutical packaging is forecast to surge, the food segment will continue leading the market through the forecast period
Macroeconomic factors rising willingness to spend and focus on environmental impacts will augur well for the market
North America is likely to remain a key market through the course of the forecast period

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The heat induction cap liners market is poised to surge at above 5% CAGR between 2020 and 2030
Among materials used, plastic will account for more than half of the market. Paper however will constitute the fastest growing segment
While demand in pharmaceutical packaging is forecast to surge, the food segment will continue leading the market through the forecast period
Macroeconomic factors rising willingness to spend and focus on environmental impacts will augur well for the market
North America is likely to remain a key market through the course of the forecast period

Key Segments

Material

Paper
- Paperboard
- Cartonboard
Plastic
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Other Plastics
Metal (Foil)
Rubber

Application

Bottles
Jars

End Use

Food
- Dairy products
- Vegetable/Mineral Oils
- Bakery & Confectionery
- Liquid Food
- Others (Cereals & Grains, etc.)
Beverage
- Alcoholic
- Non-Alcoholic
Pharmaceutical
Cosmetics & Personal Care
Homecare
Chemical & Fertilizers
Others

Regional Outlook

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)

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About Future Market Insights (FMI)

India Power Tool Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Power tools utilise a power source mechanism, which is different from the ones used for manually operated tools. Power tools are used for construction and gardening, household tasks, for drilling, cutting, shaping, sanding, grinding, routing, polishing, painting and heating. Power tools are categorised on the basis of power source into electric power operated tools (circular saws and drill machines), pneumatic power tools (jack hammers, chippers and compressed air guns), liquid fuel (gas), powered tools (saws), hydraulic power tools (jacks) and powder-actuated tools (nail guns).

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India power tools market is anticipated to register healthy CAGR of 8.9% in terms of value, and 9.5% in terms of volume over the forecast period (2016–2026). Growth of the power tools market in terms of revenue is attributed to various factors, regarding which FMI offers detailed insights in the report.

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.

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.

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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.

By Segmentation:

The subsequent sections analyse the India power tools market on the basis of end-use, mode of operation and region, and presents a forecast for the period, 2016–2026. The market is segmented as follows:

By end-use

Industrial Power Tools
Household Power Tools

By mode of operation

Electric
Pneumatic
Others

By country

North India
South India
East India
West India

On the basis of region, the market is segmented into North India, South India, East India and West India. With large number of industries concentrated in the region, the market in South India and West India is expected to account for maximum demand for power tools over the forecast period. Market in South India is expected to account for 38.2% of the total India market by the end of 2026. Market in North India is estimated to be growing rapidly, expanding at a CAGR of 9.7% over the forecast period.

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Competitive Analysis:

Major global players in the India power tools market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Key regional players include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

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.

Nasal Spray Market is expected to expand at a moderate CAGR of over 6.1% over the next ten years, and be valued at more than US$ 3.21 Billion by 2030

[250 Pages Report] Nasal Spray Market is expected to expand at a moderate CAGR of over 6.1% over the next ten years, and be valued at more than US$ 3.21 Bn by 2030-end. As per product, the demand for nasal steroid spray will remain considerably high, accounting for the leading share in the market though the course of the forecast period.

Future Market Insights (FMI) has forecast positive outlook for the nasal spray market in a recent study. The rising cases of allergic rhinitis and the demand for better accuracy in drug delivery are identified as chief growth drivers. Growth is expected to remain bullish as various countries showcase high healthcare spending.

According to a study by the Research and Development (RAND) Review blog published in 2017, nearly 60% of Americans have at least one chronic health condition, which often results in accelerating healthcare spending each year. With the incidence of chronic ailments and resultant spending on healthcare projected to spur, nasal sprays market will have positive growth on cards.

As per the report, the market’s overall valuation is likely to surpass US$ 15 Bn by 2021. Growth will continue at a positive rate, thanks to recent approvals to nasal migraine and hormonal therapies.

Among products available, nasal steroid spray will prove exceptionally lucrative, accounting for over 42% of sales in the market. Besides their improving availability, potential to offer relief from nasal allergies and hay fever will drive growth in the category

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Key Players:

Astra Zeneca Plc.
Cipla Ltd.
Johnson & Johnson Services, Inc. (Johnson & Johnson Pacific Pty Limited)
Glaxosmithkline Plc.
Novartis International AG
Procter & Gamble
Sanofi S.A. (Sanofi-aventis LLC.)
Boehringer Ingelheim GmbH
AdvaCare Pharma
Bayer AG (Bayer Consumer Health
Covis Pharma S.a.r.l.
Nipro Corporation (NIPRO JMI Pharma Ltd.)
Viatris Inc. (Meda Pharmaceuticals Inc.)
Perrigo Company plc
AptarGroup, Inc.
Berry Global, Inc.
URSATEC GmbH
Gerresheimer AG
Bona
Avantor, VWR International, LLC
Spectrum Laboratory Products, Inc. (Spectrum Pharmacy Products)
SKS Bottle & Packaging, Inc.
Coster Tecnologie Speciali S.p.A

nasal sprays market key regions and formulation mekko chart, 2021

Key Takeaways from Nasal Spray Market Study

Rising at above 6% CAGR between 2021 and 2031, nasal sprays market will report consistent surge in demand
The market in the U.S. is projected to a fast-growing one, accounting for more than 90% share in the North America market
Government spending on healthcare has created a conducive environment for growth in the U.K.
Germany will emerge as a leading market for nasal sprays sales in Europe backed by increasing healthcare spending and presence of leading manufacturers
Focus on health and wellness will continue rising in Japan and South Korea, driving nasal spray sales in East Asia

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Government Initiatives toward Nasal Spray Consumption

Governmental support for ongoing clinical research, consumption of Nasal Spray, and restricting misuse have favoured growth in demand for Nasal Spray. For instance, there has been a call for rise in production capacity of budesonide nasal spray which shortens COVID19 recovery time.

Since, nasal sprays are also used for depression patients, the market is likely to grow highly.

Who is Winning?

Nasal spray manufacturers with patented drugs are successfully allocating their distribution rights to local companies that are operational in the pain management business. This strategy provides momentum to the growth of these companies’ business, owing to strong demand for generic drugs.

For instance, In November 2019, Sandoz announced that it has entered into a binding agreement for the planned acquisition of the Japanese business of Aspen Global Incorporated (AGI), a wholly owned subsidiary of Aspen Pharmacare Holdings Limited.

Nasal Spray Market by Category

Product

Decongestant Sprays
Nasal Steroid Sprays
Nasal Antihistamine Sprays
Nasal Cromolyn Sodium Sprays
Nasal Anticholinergic Sprays
Nasal Triamcinolone Sprays

Formulation

Aqueous
Hydroalcoholic
Nonaqueous-Based Solution
Suspension
Emulsions
Dry Powder/Micro particles

Packaging

Pressurized Canisters
Pump Bottles

Distribution Channel

Institutional Sales
- Hospitals
- Community Clinics
- Specialty Clinics
- Public Health Agencies
- Veterinary Hospitals & Clinics
Retail Sales
- Retail Pharmacies
- Drug Stores
- Mail Order Pharmacy

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Region

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

About Future Market Insights (FMI)

“

Centrifugal Pumps Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, with a steady long-term projection, according to the latest insights by Future Market Insights (FMI). The report estimates the market to expand at 4.6% CAGR from 2021 to 2031. In the centrifugal pumps market, the industrial and domestic segments totaled US$ 24.3 billion for 2021, according to the annual market analysis conducted by FMI.

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Manufacturers need to evaluate life cycle costs and facilitate smart buying decisions. Centrifugal pump manufacturers need to analyze the cost of energy and return of investment for centrifugal pumps compared to purchase and installation costs.

Key Takeaways from Centrifugal Pump Market Study

Multi-stage pumps are expected to hold over 50% of the global market share, supported by heavy-duty requirements of the oil and gas sector.
Water and wastewater applications are projected to hold over a third of the overall market share by 2031-end, aided by infrastructure investments in emerging economies.
The market in South Africa is projected to expand at a CAGR of around 5%, while that of Mexico accounts for approximately 4%, through 2031.
The markets in India and South Korea are set to surge at a higher than 5% CAGR over the coming decade.
Germany will hold the lead in Europe with a valuation of over US$ 1.2 Bn in 2021. Major investments in the natural gas sector will provide impetus.

“Developing nations are exhibiting high demand for centrifugal pumps for industrial and commercials applications, driven by rising investments into water and wastewater infrastructure by governments. This will enable growth in the overall market through 2031,” says a Future Market Insights analyst.

Competitive Landscape

The centrifugal pumps market is highly consolidated, with key players accounting for more than four-fifths of the market share. These players are likely to invest in technology developments and the expansion of their networks to maintain their market shares.

Some of the key players in this industry include but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, KSB Group, Flowserve Corp., and Kirloskar Brothers.

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By Segmentation:

By Product Type:

Single Stage Pump
- Small
- Medium
- High
Multi-Stage Pump
- Small
- Medium
- High
Axial & Mixed Flow Pump
- Small
- Medium
- High
Submersible Pump
- Small
- Medium
- High
Seal Less & Circular Pump
- Small
- Medium
- High

By Application Type:

Industrial Centrifugal Pumps
- Oil & Gas
- Chemical
- Water & Wastewater
- Food & Beverage
- Pharmaceutical
- Power
- Others
Agricultural Centrifugal Pumps
Domestic Centrifugal Pumps

By Region:

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

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FMI predicts healthy growth in the oil and gas industry, particularly in economies such as China, the U.S., the Middle East, and Africa. Centrifugal pumps are important for ensuring accurate and repeatable transportation and pumping operations in the industry. As a result, the rise in oil and gas sector activities around the world is driving demand for centrifugal pumps.

Walk-in Coolers and Freezers Market Competitive Growth Strategies Based on Type, Applications, End User and Region

Future Market Insights (FMI), in its new report, estimates worldwide sales of walk-in coolers and freezers at US$ 8.6 billion in 2019. Widespread consumer acceptance of frozen and processed food, along with a steep rise in the demand for efficient refrigeration facilities to store and maintain the shelf life of these products, allude to a brighter future for the walk-in coolers and freezers market.

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The global walk-in Coolers and Freezers market was valued at ~US$ 8 Bn in 2019.
The walk-in Coolers and Freezers market is anticipated to witness robust growth with a CAGR of ~5% over the forecast period of 2019–2029.
South Asia and East Asia markets are expected to remain prominent regional markets in the global walk-in Coolers and Freezers market.
- Rapid urbanization in India and China increased in commercial restaurants and retail food outlets chain in the region, which is expected to drive the sales of walk-in Coolers and Freezers market.
The South Asia market is expected to lead the walk-in Coolers and Freezers market in terms of CAGR growth, registering a growth of ~7% CAGR over the forecast period.
- The growth is primarily driven by growing retail food outlets and franchises, cold storage warehouses, and restaurant chains in India and other ASEAN countries.
The commercial kitchen & restaurants segment is anticipated to create prominent demand for walk-in coolers & freezers, followed by retail food & beverage outlets.

Gains Remain High from Commercial Kitchens & Restaurants

Walk-in coolers and freezers continue to gain high traction from commercial kitchens and restaurants, which are widely used to preserve raw foods and grocery items. As international fast-food chains and café outlets continue to explore opportunities in various attractive destinations, the demand for walk-in coolers and freezers has been on an upward swing across the globe.

North America and Europe have been the early adopters of commercial kitchens and restaurants; however, they are reaching their saturation point. Walk-in cooler and freezer manufacturers are tapping into opportunities in developing countries in East Asia, where a multi-cultural environment, changing eating habits, and rising disposable income have opened avenues of growth for commercial kitchens and restaurants. Moreover, the walk-in coolers and freezers market in East Asia is likely to take over the European market in the future.

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Steady Gains Ensued by Norms and Trade

Environmental concerns top the list when it comes to cooling technologies. Sensing the urging requirement for sustainable solutions, manufacturers are investing in R&D for low GWP refrigerants, even enhancing the energy efficiency of walk-in coolers and freezers. Global food production is on the record high, as is the demand for food worldwide.

As the global trade for a diverse range of foods grows unabated, demand for solutions to keep these products fresh, while retaining their shelf-life is paramount. This has considerably complemented the adoption of walk-in coolers and freezers specifically for ready-to-eat food, frozen food, frozen ready meals, and fresh meat products.

By Segmentation:

Product Type

Walk-in Cooler
Walk-in Freezer
Combo (Freezer + Cooler)

Place of Use

Indoor
Outdoor

Technology

Self-Contained
Remote Condensing
Multiplex Condensing

Door Type

Hinged
Power Sliding
Manual Sliding

Application

Cold Storage Warehouse
Breweries
Commercial Kitchen & Restaurants
Floral Storage
Pharmaceuticals
Chemicals
Research laboratories
Hospitals & Mortuaries
Mobile Refrigeration System
Retail Food & Beverage
- Supermarket
- Hypermarket
- Convenience Stores
Other Stores

Sales Channel

OEM
Aftermarket

Mounting Type

Floor
Non-floor

Region

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

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According to the study, the walk-in coolers and freezers market shows a high level of fragmentation, and therefore, several market players are focusing on forging a strategic alliance with other players to improve their market shares. Manufacturers are also focused on offering products that can be custom designed to fit any setting along with several add-on features to increase convenience and ease of use.

Wet Wipes Market To Register Impressive Growth| Comparative Analysis By Top Key Players : Procter & Gamble Co., Kimberly-Clark’s , Stryker

The Wet Wipes Market revenue totaled US$ 3.7 Bn in 2021, according to Future Market Insights (FMI) study. The overall sales of wet wipes are expected to cross US$ 8.0 Bn by 2031, growing at a CAGR of 7.6% between 2021 2031.

With increasing awareness about health and hygiene, implementation of various healthcare management programs, increasing number of wet wipes manufacturing companies, availability of variety of wet wipes options, coupled with increasing investments in technological advancements, sales are expected to improve at an accelerated pace.According to a recent study by Future Market Insights (FMI), the sales of wet wipes are expected to top US$ 3.7 Bn in 2021, growing at a CAGR of over 7.6% during the forecast period (2021-2031).

Increasing health-care related issues and the rising prevalence of infectious diseases and skin-related problems have increased concerns among general population. As a result, awareness with regards to the adoption of personal care and hygiene practices is at all time high.

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Regular usage of sanitizer, wet wipes, and tissues for cleanliness and maintaining proper hygiene has positively affected the wet wipes market. With various wet wipes options available in the market, catering to diverse purposes such as incontinence wet wipes- for urinary incontinence, sterile wound cleansing wet wipe- for cleaning wounds, and skin care wet wipe- for regular use; growth prospects for future remains optimistic.

Traditionally, products such as soap, face wash, cleansing milk, and others which are already available in the market have been in use for personal hygiene for generations. But factors such as easy handling, convenience while travelling, achieving cleanliness of hand and face without using water have buoyed consumer inclination in favor of wet wipes.

Companies specializing in wet wipes have been focusing on developing more innovative products such as fragrance- filled wet wipes, environment-friendly, and biodegradable wet wipes and using wood pulp and cotton to avoid harmful effect on sensitive skin.

Government as well as private companies are involved in specialized marketing campaigns to address the need for wet wipes. Furthermore, mergers, acquisitions and collaboration are undertaken by companies to increase the product portfolio as well as reach. All these factors are expected to create demand for wet wipes.

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Key takeaways from Wet wipes Market study

By product, incontinence wipes constitute the most lucrative segment in terms of revenue. The demand for incontinence wipes is expected to increase at a CAGR of over 7% 2021-2031.
By disposability, non-flushable wipes segment will hold a revenue share of around 75% in 2021 and is expected to follow the similar growth trend in the future.
By application, skin care wipes segment holds the largest share and will continue to dominate this segment in the forecast period.
In terms of end user, hospitals are leading the market and are expected to gain more than 25% of revenue share over the forecast period.
North America will dominate the global wet wipes market in terms of revenue in 2021, followed by Europe region.
India is dominating the South Asia wet wipes market, accounting for nearly 29% of global market share in 2021.
China holds leading position in East Asia and is expected to account for nearly 40% of market share.

“Steered by changing consumer preference, market players are rethinking sources of materials used for wet wipes manufacturing. Their focus is shifting towards more sustainable and biodegradable options to reduce the burden of wet wipes disposal on the environment. This will present attractive opportunities for growth of the market in the near future,” said a lead FMI analyst.

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Who is winning?

Some of the leading manufacturers of wet wipes are focusing on innovative product launches, specialized marketing campaigns, mergers, acquisitions and partnership strategies, thereby enhancing their market presence.

In February 2018, Procter & Gamble Co. announced the acquisition of Snowberry, a New Zealand-based skincare company which specialized in natural ingredient products.
In August 2020, Kimberly-Clark’s brand Pull-Ups launched a product, New Leaf. Pull-Ups® New Leaf is made with plant-based ingredients like sugarcane and fluff pulp, carefully selected and crafted to provide the high level of protection.
In February 2018, Stryker completed the acquisition of Entellus Medical, a medical technology company and strengthen Stryker’s personal care product portfolio.

Global Variable Frequency Drive (VFD) Market Competitive Growth Strategies Based on Type, Applications, End User and Region

In recent years, the variable frequency drives market (VFD market) has received significant stimulus, growing on the back of heightened opportunities regarding infrastructure development across emerging regions, spurring demand for heating and ventilation systems. VFD development is presently transitioning towards offering industry specific solutions with the objective of minimizing costs and reducing operational downtime, prompting a slew of innovations on part of manufacturers.

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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.

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.

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.

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By Segmentation:

Drive Type

AC Drive
DC Drive

Voltage Range

Low Voltage
High Voltage

Application Type

Standard
Regenerative

End-use Application

Pumps
Fan
Compressor
Conveyor
HVAC
Others

End-use Industry

Oil & Gas
Food processing
Automotive
Mining & Metals
Pulp & Paper
Others

Region

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

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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.