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The transformer monitoring system market exhibited year-on-year growth of 10.9% in 2021, backed by increasing adoption of green transformers leading to up-gradation of associated monitoring system and growing emphasis on improving reliability of power grid. FMI states that, transformer monitoring system market revenue grew by 8.5% between 2016 and 2020. It is predicted that sales revenue will reach US$ 2 billion in 2021 with an astronomical CAGR of 10.1%.

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Green transformers are gaining popularity due to its low carbon footprint and high efficiency and reliability. To monitor these new transformers retrofit installations are required. Increasing renewable energy penetration and rising sales of green transformers will accelerate the demand for retrofit transformer monitoring system in upcoming years.

According to International Energy Agency, global electricity consumption reached 22,848 TWh in 2019. China, India, Russia, and Brazil account for more than 39% of global consumption. Rise in electricity consumption in developing countries will boost the market sales over the forecast period.

Top manufacturers are striving to reduce the installation cost of the monitoring system and make them more reliable and accurate. However, unpredictability in terms of regulatory policies and strained supply chain system are the key challenges influencing the global market for transformer monitoring systems.

Key Takeaways from FMI’s Transformer monitoring system Market Study

• North America transformer monitoring system market will exhibit stupendous growth at 10.6% CAGR through 2031, due to rapid industrialization, growing necessity to upgrade monitoring system with respect to transformers in U.S. and Canada.
• Europe transformer monitoring system market led by Germany is forecast to grow at 7.6% CAGR during the forecast period. Rise in growth can be attributed to rising adoption of green transformers and presence of leading manufacturers in the region.
• Incorporation of modern monitoring system to tackle power outage and related issues in urban area will drive the demand for transformer monitoring systems in India.
• Japan and South Korea account for 3% of global transformer monitoring system market share in 2021. Increasing need to monitor large and complex power network and high demand of retrofits installation are key growth drivers in these countries.
• By product type, software segment is projected to surpass the market valuation of US$ 277 at a CAGR of 10.3% in 2021. Advancement in big data analytics and introduction of internet of things (IoT) in monitoring system will drive the market growth of this segment.

“It will be interesting to see how modernization in electricity transmission system will influence the demand for transformer monitoring system during the forecast period. Rising necessity to upgrade monitoring system to comply with green transformers will boost the market growth in upcoming years,” says the FMI analyst.

Who is Winning?

Future Market Insights highlights the key trends emerging in the transformer monitoring system market and discusses the strategies employed by market players to strengthen their market position.

FMI estimated that the power transformer market is dominated by ABB, General Electric, Siemens AG, Maschinenfabrik Reinhausen GmbH, and Groupe Cahors S.A. Out of these top market players ABB holds around 14% of global market share, General Electric holds 10%, Siemens AG holds 12%, Maschinenfabrik Reinhausen GmbH holds 8%, and Groupe Cahors holds 5% of global market share, says FMI.

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Key Segment:

By Product:

• Hardware
  • Direct Winding Transformer Monitors
  • Intelligent Transformer Monitors
• Software

By Installation Type:

• Newly Installed Units
• Retrofit Units

By Application:

• Dissolved Gas Analysis (DGA)
• Partial Discharge (PD)
• Bushing Monitoring
• Cooling Control
• Voltage Regulation

By End Use:

• Power Transformers
• Distribution Transformers
• Other Transformers

By Region:

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

2016 – 2020 Transformer monitoring system Market Outlooks in Comparison to 2021 – 2031 Forecasts

Rapid urbanization and rise in industrial activities has increased the electricity consumption in past few years. With the world is looking towards establishing smart grids for effective distribution of power, the demand for transformer monitoring systems will rise over the forecast period. According to FMI, transformer monitoring system sales revenue will rise at 10.1% CAGR between 2021 and 2031.

The transformer monitoring system is a process oriented system that measures quantities like voltage and current, estimates measurement data through algorithm, creates trends, and performs model monitoring. Introduction of internet of things (IoT) based smart transformer technologies will augment the market growth during the assessment period.

Transformer monitoring system sales is expected to rise due to adoption of bulk manufacturing practices by manufacturers and heightened consumer awareness towards environmental issues.

Developed countries are investing in refurbishing existing grid infrastructure to cater to growing power needs and reduce carbon emission. Advancement in grid technology and upgrade in configurations to comply with green transformers will further complement the industry outlook.

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Key Players:

Prominent players operating in the transformer monitoring system market are:-

• ABB Group
• Siemens AG
• General Electric
• Mitsubishi Electric Power Products Inc.
• Eaton Corporation
• Hitachi Ltd.
• Qualitrol Company LLC
• Koncar-Electrical Engineering Institute Inc.
• Maschinenfabrik Reinhausen GmbH (MR)
• CETT Co., Ltd.
• Groupe Cahors
• Camlin Power
• MTE Meter Test Equipment AG
• Advanced Power Technologies LLC

The newest market research study by Future Market Insights on odour control system includes the global industry analysis for 2014–2018 and market forecast for 2019–2029. The study observes the odour control system market and offers detailed perceptions for the forecast period of 2019-2029. According to the analysis and study done in the report, the global odour control system market is anticipated to observe prominent progress, due to increasing adoption in the chemical industry.

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1. The market value of global odour control system in 2019 is estimated at ~ US$ 1
2. During the forecast period of 2019-2029, the odour control system market is anticipated to grow at a CAGR of ~5%.
3. Adoption of odour control systems in chemical & petrochemical industry is likely to account for relatively high sales over the forecast period.
   • The growth in demand for odour control systems in the chemical and petrochemical industry can be primarily attributed to their increasing usage in existing as well as new industrial plants.
4. APEJ (Asia Pacific Excluding Japan) is anticipated to hold more than one third of the revenue shares in the odour control system market by the end of 2029.
   • APEJ will continue to be an opportunistic market for odour control system manufacturers and distributors, owing to increasing industrial and infrastructure development.
   • The odour control system market in Japan is also anticipated to grow at significant rate, complying with the stringent regulations imposed by the government for controlling odour emissions through industrial as well as municipal sectors.
5. Growing concerns towards E-waste maanagement and waste recycling services across the globe are anticipated to drive growth in odour control system installations

The odour control system market is estimated to be valued at ~ US$ 1 Bn in 2019, and is projected to increase by ~ 5% CAGR during the forecast period of 2019-2029.

The odour control system market has a high potential to grow in regions such as Asia Pacific Excluding Japan (APEJ) and North America. Significant innovations with incorporation of advanced technologies meeting regulations are expected to emerge as a product differentiator in the odour control system market.

Installation of hybrid odor control systems and demand for advanced and cost-effective odour control system from various industrial and government entities have increased significantly. This growing demand for progressive products generates pressure on manufacturers to deliver technologically-advanced and unique product offerings. Thus, technological advancements have led to noteworthy investment in research and development by manufacturers. Manufacturers in the odour control system market are constantly focusing on developing unique technologies, which help them differentiate their products and earn a competitive edge.

Odour control systems play a crucial role in wastewater and solid waste treatment facilities. Individual odour control systems can be installed at various locations in a single wastewater treatment facilities, or a centralize system could be installed for low capacity plants. Increasing investment for the effective and efficient waste management, establishment of new plants and capacity increase of existing facilities, and also  growing intolerance towards odours, are factors expected to increase the demand for odour control systems in near future.

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By Segment:

System

• Physical Odour Control,
  • Adsorption System,
  • Ozone Generators,
• Chemical Odor Control,
  • Chemical Scrubbers,
  • Thermal Oxidizers,
• Biological Odour Control,
  • Biofilters/Biotrickling Filters,
  • Bio Scrubbers.

Application

• Waste Treatment Facilities,
• Food & Beverages,
• Pulp & Paper,
• Chemical & Petrochemical,
• Other Industries.

Region

• North America,
• Latin America,
• Europe,
• APEJ,
• MEA,
• Japan.

Major Key PLayer:

The global odour control system report emphasizes on some of the principal industry players. Some of the key players include Babcock & Wilcox Enterprises, Inc., CECO Environmental., Anguil Environmental Systems, Inc., Evoqua Water Technologies LLC, Scotmas Limited, Ecolab Inc., Tholander Ablufttechnik GmbH,among others.

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Odour Control System Market Structure Analysis:

• The odour control system market is a moderately competitive market, globally.
• Strategies followed by key players in the odour control system market are business expansion by acquisitions and mergers, product launches, collaborations and alliances. Key market players focus on strategies such as product expansion and innovation through new dealership networks and collaborations.
• Noteworthy investments in research and development for novel and sturdy products are anticipated to boost the growth prospects of the odour control system market.

Global tower crane sales are set to be valued at US$ 19.3 Bn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The report estimates global tower crane market to grow at nearly 4.8% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on tower cranes market growth will evolve in the next decade.

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The research report analyzes demand for tower crane. The global tower crane market has been analyzed upon covid-19 impact, macroeconomic factors, market trends & market background. As per FMI’s research scope, the market has been analyzed on the basis of applications, customers & regions. The report gives us qualitative and quantitative information on various players in this market. Also, this report tracks the market by both supply side and demand side.

Demand for tower crane waned in 2020, due to the recessionary effects of COVID-19 on the construction activities, resulting in retardation of new and rental sales of tower cranes However, barring a few countries, the construction activities has resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate as well as long-term growth outlook of Tower Cranes the market remains positive.

The tower crane market has registered substantial growth in the last few years. This growth trend is projected to continue over the coming years on the back of increasing applications of tower crane on construction sites across the globe. These cranes have applications across diverse sectors, including building & construction, civic infrastructure, marine & sea ports, mining, and others. Considering this, expansion of construction and civic utility activities will create scope for application, encouraging growth in the coming years.

In its new study, ESOMAR-certified market research and consulting firm, Future Market Insights (FMI), offers insights about key factors fueling the demand for tower crane. The report tracks the global sales of tower crane in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the building and construction industry in general, and tower crane in particular.

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Key Takeaways from Tower Cranes Market Study

1. Following negative returns amid COVID-19, the tower crane market is forecast to register a little below 4% Y-o-Y growth in 2021
2. The U.S. will continue accounting for maximum sales in North America, holding over 85% of regional market share
3. The U.K. market is likely to register 3.7% Y-o-Y growth in 2021 backed by recovering construction activities
4. The demand from Germany and France will account for considerable sales within Europe
5. China will emerge dominant in East Asia, while Japan and South Korea markets will continue exhibiting growth at a positive pace.

 

 “Increasing investment in commercial construction as well as in the construction of civic in recent years is expected to provide an impetus to tower cranes sales. Rental base sales will continue to have a greater weightage as against direct ownership based procurement. Competitive price offering, increase in end user satisfaction on the performance, use of advanced technologies are the key strategies adopted by manufacturers operating in the market,” says FMI analyst.

Who is Winning?

Tower crane market is likely to grow at a moderate pace during 2021-2031. However, as it is a mature market hence companies are expected to concentrate increasingly on research and development activities. This will be aimed at developing more in the field of construction equipment that meet personalized requirements of consumers. Collaboration with regional construction contractors or construction companies as a prime strategy expected magnify in the forecast period.

Compititive Landscape:

The tower crane market is moderately competitive, with presence of large number of players operating in the market. Some of the players are focusing to carve a niche for specific demography. The market has been benefiting from robust partnerships with high focus on innovations. This has led to a series of tower crane launches in the last few years.

For instance:

• In 2020, Potain launched a tower crane focusing on home building and high-rise.
• Comansa has recently launched the largest crane, called 21CM750, manufactured at its plant in Hangzhou.

Some of the leading companies operating in the market are:

• Zoomlion Heavy Industry Science & Technology Company Ltd.,
• Xuzhou Construction Machinery Group Co., Ltd.,
• Liebherr,
• Terex Corporation,
• Manitowoc,
• Sany Group,
• Action Construction Equipments,
• Konecranes,
• Raimondi,
• Comanasa S.A.

Facing challenges such as high cost of the equipment, setup time, and safety of the workers has always been one of the prime concerns of end users. Against this backdrop, some of the leading manufactures within the market are focusing on the development for enabling easy maneuverability of the tower cranes coupled with increasing the production capabilities.

Some of them already have developed and launched advanced tower cranes in the market and several others are likely to follow the suit to keep pace with dynamic market environment. According to FMI’s analysis, tower crane sales have grown at 0.4% CAGR between 2016 and 2021.

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By Segment:

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.

Strong demand from the water and wastewater sector and the food and beverage industry drives the centrifugal pump market in terms of volume. Demand for centrifugal pumps slumped in 2020 due to the COVID-19 pandemic.

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The Centrifugal Pumps Market is expected to register positive growth through 2021, with the overall valuation forecast to surpass US$ 29 Bn in 2021. Future Market Insights (FMI) projects centrifugal pumps market sales to increase at 4.6% CAGR between 2021 and 2031.

While industrial applications are expected to register maximum demand, growth exhibited by the agricultural segment will be at a higher pace. FMI has forecast the centrifugal pumps demand to rise at 4.7% between 2021 and 2031 in the agricultural segment.

However, the water and wastewater segment of the industry was not affected as much due to the latest guidelines issued by World Health Organization (WHO) on water sanitation standards which bodes well for sales in the near future. Despite the economic impact of the crisis in many countries, the market’s long-term outlook will remain optimistic.

Global demand for centrifugal pumps is directly correlated to infrastructure development activities worldwide. Governments of developing countries such as China and India are focusing on urbanization, which in turn is anticipated to fuel demand for centrifugal pumps particularly in domestic, Water and wastewater treatment industries.

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 the 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 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.

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Compititive Landscape:

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

Some of the key players in this industry include but are not limited

• Ebara Corporation
• Xylem Inc.
• Sulzer AG
• Flowserve Corporation
• Grundfos
• Wier Group
• KSB Group
• Shakti Pump
• Kirloskar Brothers Ltd.
• WILO SE
• Tsurumi Manufacturing Co., Ltd.
• DESMI A/S
•  WPIL Limited
• HERMETIC-Pumpen GmbH
• Klaus Union GmbH & Co. KG
•  Ruhrpumpen Group
• HOMA Pumpenfabrik GmbH
• CP Pumpen AG
• Toyo Denki Industrial Co. Ltd.
• Speck Pumpen Walter Speck GmbH & Co. KG

Considering demand-side trends, large market players are increasingly opting for multi stage centrifugal pumps. Most low pressure, high-capacity pumping applications involving low viscosity fluids such as water, solvents, chemicals, and light oils which can be pumped with centrifugal pump designs.

Multistage centrifugal pumps are available in a variety of sizes, depending on budget, application, and volume. A smaller pump would be sufficient for heating plants, water supply piping, firefighting operations, irrigation, agriculture, autoclaves, boiler feed, hydrocarbons, and the handling of lightly contaminated liquids.

This pump is frequently used in power plant applications, such as a boiler feed pumps and in industrial applications requiring high pressures. Water supply and circulation, irrigation, and chemical transfer in petrochemical plants are examples of typical applications. The market for multi stage pump will account for more than 55% in 2031.

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By Segment:

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
• Middle East and Africa (MEA)

The fire extinguisher market was estimated to clock at 3.5% CAGR between 2016 and 2020. Fire extinguishers are pressure vessels that contain a specialized extinguishing agent that aids in the control or dousing of a fire. Portable fire extinguishers are simple to use, lightweight, and portable.

The demand for fire extinguishers is growing due to an increase in the number of fire fatalities in homes and businesses. Fire extinguishers are key units for fighting fire, especially in closed spaces. These products are designed to be simple to minimize fire risks in times of emergencies.

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As per a Future Market Insights’ (FMI) analysis, the fire extinguisher market is projected to be valued at over ~US$ 3.6 Bn in 2021, expanding at a CAGR of ~5.7% over the forecast period of 2021-2031.

Increasing industrial and commercial sector applications of fire extinguishers, coupled with implementation of stringent regulations and building codes are likely to result in increasing demand over the forecast period.

However, the ongoing crisis caused by COVID-19 pandemic has severely impacted the global economy. It has resulted in a complete shutdown of the supply chain networks and manufacturing activities. This also has negatively impacted the overall operations in the fire extinguisher market.

The market is however expected to witness lucrative opportunities during the forecast period owing to increasing demand from commercial and industrial sectors. New unit sales and replacement / retrofit jobs will contribute to growth.

Increasing regulations for building design codes in the residential sector, will also generate gains in the coming decade. Moreover, manufacturers are investing in R&D activities to offer innovative and technologically advanced product offerings. These factors are expected to positively influence growth in demand for fire extinguishers during the forecast period.

Key Takeaways Market Study:

• Carbon dioxide extinguishers will account for the leading market share of over 30%, on the back of easy access to raw materials and efficacy in fire control.
• Dry chemical fire extinguishers are increasingly adopted, due to their superior efficiency in draught-free conditions.
• Germany will emerge as a key market for fire extinguishers on the back of the implementation of by stringent codes for ensuring better safety in buildings.
• The U.S. dominates the North America market, accounting for over 80% sales in the region.
• China will lead the East Asia market, exhibiting growth rate over 6.5% CAGR through the assessment period.

 “With the ever-evolving requirements of the global construction industry, demand for fire safety equipment has grown rapidly. Fire extinguishers in particular, have been at the center of these developments in terms of economically feasible solutions. Innovative product offerings have been important for manufacturers to gain competitive benefits,” says an analyst of Future Market Insights.

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Compititive Landscape:

The fire extinguisher market is highly fragmented. The penetration of local and regional players makes this market highly competitive. Companies operating in the market are trying various strategies to gain competitive edge, while maintaining their longstanding relationships with a number of equipment distributors and end users.

Some of the key players in the market include but are not limited to

• Kidde
• ACTIVAR INC.
• AMEREX CORPORATION
• BRITANNIA FIRE LTD
• Ceasefire Industries Pvt. Ltd.
• DESAUTEL SAS
• FEUERSCHUTZ JOCKEL GmbH & CO. KG
• FIKE CORPORATION
• FLAMESTOP AUSTRALIA PTY. LTD.
• HATSUTA SEISAKUSHO CO., LTD.
• Jactone Products Limited
• NAFFCO FZCO
• Safex Fire Services Ltd.
• SIEX 2001 S.L.
• Yamato Protec Corporation
• GUNNEBO AB
• Hochiki Corporation
• Johnson Controls International Plc
• PASTOR – TVA – d.d

The global fire extinguisher market is expected to expand significantly during the assessment period. Increasing construction activities for the creation of commercial spaces, new industrial plants, and the launch of new housing projects, coupled with the introduction of strict fire safety regulations, are contributing to the global fire extinguishing market.

Furthermore, advancements in sound and gas based firefighting technology, will also influence the growth of the market in the near future. The global fire extinguisher market is estimated to be valued around US$ 3.6 Bn in 2021, exhibiting 1.1 X increase over the previous year. Future Market Insights expects the global Industrial Fire Extinguisher market to expand at over 5.5% CAGR through 2031.

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By Segment:

By Product Type

• Water
  • Air-Pressurized Water
  • Water-Mist
• Foam
  • Aqueous film-foaming foam
  • Compressed air foam system
  • Others
• Wet Chemical
  • Potassium Acetate
  • Potassium Carbonate
  • Potassium Citrate
• Dry Powder
• Carbon Dioxide
• Dry Chemical
• Others

By Fire Type

• Class A
• Class B
• Class C
• Class D
• Class K

By End Use

• Residential
• Commercial
• Industrial
• Public Areas
• Others

Region

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

Future Market Insights has projected the U.S. to remain as one of the most lucrative markets through the forecast period. According to the research, the market value was estimated at over US$ 1 Bn in 2021.

The key factor supporting market expansion in the country is the rise in construction activities, and the enforcement of stringent fire regulations, by bodies such as the National Fire Protection Association (NFPA) which publishes codes and standards intended to minimize the possibility and effects of fire and other risks.

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.

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According to Future Market Insights (FMI), increasing automation and robotics in industrial production sector have fuelled the demand for electric motors. The market also is gaining from rapid technological advancement and advent of industrial 4.0.

Newly released data by Future Market Insights (FMI) forecasts the electric motors market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units.

Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to operating advantage linked with it, its prime advantage is its speed torque characteristics which has raised the application for electric motors in various end uses, owing to which the AC electric motors has secured a prominent share in the global Electric motors market.

Key Point:

• <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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Compititive Landscape:

Companies operating in Electric Motors market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity and address the demand of an expanding consumer pool.

• For instance, In, On January 24, 2019 Bosch assumed full control of of EM-motive, one of Europe’s most successful manufacturers of electric motors.
• On August 3^rd, 2021, Nidec Corporation acquired stocks of Mitsubishi Heavy Industries Machine Tool Co., Ltd. and announced an outline for its new subsidiaries.

Manufacturers are also focusing on the expansion of their product portfolio to maintain high customer base across the globe

• For instance, On 5 Feb, 2021 Johnson Electric Launches Low Voltage DC Motor Solutions for Smart Furniture. The LVDC motor solutions are designed for actuators used in smart recliners, height adjustable desks, hospital beds and other smart furniture products.
• On February 16^th, 2021 Regal announced a collaboration with Rexnord’s PMC segment to create world-class power transmission technology.

Key Player:

• 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.

North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the U.S. is expected to be the largest market in North America and reach US$ 40.4 Bn by 2031.

The United States’ highly developed end-use sectors are supporting the market growth. Overall industrial spending grew at a rate of about 4.6 percent in 2019 than overall economic growth of 4.0 percent in the United States calculated by Gross Domestic Product (GDP), according to CMS’ Office of the Actuary estimates.

Furthermore, the U.S. is home to technically advanced industrial sector in the world, making it a lucrative market for electric motors manufacturers, as it exhibits high demand for robotics and automation for industrial as well as residential applications.

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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)

Pallet wrapping functions are an important part of the workflow at the end of the packaging line, before the product gets transported and distributed to different places. Due to the advancements in the field of robotics, more advanced forms of palletizing robots have emerged, that can lift heavy weights and can even lift products from a greater height due to their long arms. Also, hybrid palletizing robots have been developed, that have a simple user interface and can be operated easily, besides being cost effective and efficient to use. Such kind of hybrid palletizing robots can even handle complex tasks like the handling of delicate products. With the ongoing technological innovations in this field, palletizing robots that can operate at increased speeds and deliver high quality work.

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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.

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.

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.

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.

Market Key Player:

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.

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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.

By Segmentation:

Machine Type

• Case Palletizing
• Bag Palletizing
• De-palletizing

End Use Type

• Food & Beverages
• Pharmaceutical
• Consumer Products
• Tracking and Logistics
• Industrial Packaging

Region

• North America
• Latin America
• Europe
• Japan
• Asia Pacific excluding Japan
• Middle East and Africa

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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.

This growth is prominently driven by the growing construction industry. The market for gasoline generators across the globe is highly competitive and small players in the market have to struggle to gain share in the market. Companies have to adopt product innovation as a key strategy to maintain competitive edge, as new product innovations can provide significant growth opportunities in the market. Noise and weight reduction in portable gasoline generators can be opportunistic; development of products within affordable price bracket can result in high penetration into residential sector.

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A new market research report by Future Market Insights on the gasoline generator market includes global industry analysis 2014 – 2018 and opportunity assessment 2019 – 2029. The report inspects into the gasoline generator market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global gasoline generator market is likely to experience considerable growth during the forecast period, owing to several dynamic factors, such as rising demand from residential and commercial sectors for running small power loads in case of power outages.

Gasoline Generator Gratifying Electrical Requirement for Commercial & Residential Sectors:

There is a robust usage of gasoline generators in commercial and residential end-use sectors for standby backup power in times of power shortage and grid failure. The compact nature of gasoline generators has assisted the acceptance in the residential sector, primarily as part of a modular uninterrupted power supply set up. Residential end users are dependent on continuous electricity.

The increasing dependence on electrical appliances is rising the demand for gasoline generators. In case of a rolling blackout, gasoline generators are the lifeline for an optimum functioning residential area. Further, for end users of renewable technologies such as solar panel based power, gasoline generators are a reliable back up power option. Gasoline generators also have some unique operational benefits compared to diesel fuel based generators.

The spare capacity of the U.K. national grid was ~15% in 2010, and this has dropped to ~4% recently. Therefore, the gasoline generator market can be considered a saving grace in this region.

Vendor Insights:

The report titled gasoline generator market highlights some of the key market participants, who are well-known market players and have established themselves as prominent stakeholders in the global gasoline generator market. Some of the examples of key players in the global gasoline generator market are Kohler Co., Honda Motor Co., Ltd., Generac Power Systems, Inc., SGS Engineering (UK) Ltd., Hyundai Power Equipment, Stephill Generators Ltd., Yamaha Motor Co., Ltd., and Champion Power Equipment, Inc., among others.

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In terms of market structure and tier analysis, the global market for gasoline generators is mostly fragmented, with top 3 players holding 25%-30% share in the global market. This is mainly due to the large number of Chinese and other players involved in the manufacturing of gasoline generators. Significant players in the market are focusing on mergers and acquisition activities, along with new product launches to expand their global reach.

Key Segment:

By Power Output

• Less than 1.0 KW
• 1.0 TO 3.0 KW
• 3.0 TO 5.0 KW
• More than 5.0 KW

By Type

• Portable Generator
• Stationary Generator

By Application

• Standby Backup Power
• Continuous Power

By End Use

• Commercial
• Residential
• Industrial
• Agricultural
• Others (Construction etc.)

By Region

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

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About Industrial Automation Division at Future Market Insights:

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry.