Walk-In Coolers And Freezers Market Is Anticipated To Witness Robust Growth With A CAGR Of ~5% Over The Forecast Period Of 2019–2029

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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  1. The global walk-in Coolers and Freezers market was valued at ~US$ 8 Bn in 2019.
  2. 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.
  3. 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.
  4. 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.
  5. 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.

According to the study, newer trends and rapid expansion of the retail food & beverage sector also represent a significant source of demand for walk-in coolers and freezers. Picture-perfect stores are gaining high preference among today’s consumers, especially millennials obsessed with social media platforms. Such a factor has forced the manufacturers to innovate and enhance the visual appearance of their products without compromising on the operational functions.

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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.

Macro-economic aspects such as urbanization and industrialization will also have notable impacts on the walk-in coolers and freezers landscape in the long run.

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.

Variable Frequency Drive (VFD) Market: Notable Developments & Geographical Outlook

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.

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

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.

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

Commercial Refrigeration Equipment Market Will Exceed Revenues Worth US$ 46 Bn By 2019 End

Witnessing an uptick of 3.4% over 2018, the worldwide sales of commercial refrigeration equipment will exceed revenues worth US$ 46 Bn by 2019 end. As indicated by a recent research study of Future Market Insights (FMI), the market for commercial refrigeration equipment will progress at a moderate CAGR over 2019 – 2029. The demand would be prominently driven by greater production of F&B goods and a preferential shift of consumers towards quick service restaurants (QSRs), at a global level.

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COMMERCIAL REFRIGERATION EQUIPMENT MARKET KEY TAKEAWAYS
  • Growing demand for ready-to-eat products and expanding retail outlets are driving the sales of commercial refrigeration equipment.
  • North America and Europe would collectively account for over half of the market value share by 2029 end.
  • The food services sector will remain prominent application area to invest in, for commercial refrigeration equipment market players.
  • The enforcement of new refrigerant regulations such as the EPA 680 Upgrade, and the Kigali Amendment for the phase-down of HFC refrigerants will largely impact the market growth.
  • The higher average unit cost of freezers & refrigerators allude lower volume sales vis-à-vis value gains, with just about 2.6 million unit sales in 2018.
  • Glass door merchandizers that account for around a third of total volume sales continue to see relatively low revenue generation as compared to freezers & refrigerators.
  • Sales of beverage dispensers and display cases across end-use industries will show a moderate increase year-over-year in 2019, which will collectively represent nearly 16% of total commercial refrigeration equipment sales in that year.

Manufacturers who are keeping the innovation quotient high and providing turn-key solutions to meet regulatory requirements, with safety to end users at the core, will be rewarded in the long run.

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By segmentation:

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

By Product

  • Beverage Refrigerator
    • Drinking Fountain
    • Soda Fountain
    • Beer Dispensing Equipment
    • Beverage Coolers
  • Freezers & Refrigerators
    • Freezer & Chillers
      • Blast Chiller/Stock Freezers
      • Contact Freezers
    • Refrigerators
      • Walk-in-Refrigerators
      • Reach-in Refrigerators
  • Transportation Refrigerators
    • Trailers
    • Trucks
    • Shipping Containers
  • Glass Door Merchandizers
    • Hinged Door
    • Sliding Door
  • Display Cases
    • Ice Cream Cabinets
    • Bakery/Deli Display
  • Beverage Dispensers
  • Refrigerated Vending Machine
  • Ice Machine
  • Ice Cream Machine

By Application

  • Food Services
  • Food & Beverage Retail
  • Food & Beverage Production
  • Food & Beverage Distribution

By Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa
Competition Trends

In 2018, the top four stakeholders including Carrier Corporation, Daikin Industries, Ltd., Danfoss A/S, and Hussman Corporation collectively accounted for 20-25% revenue share. The emergence of a large number of small players in developing countries has resulted into price competition, with leading market players losing their profit margins. Market fragmentation will continue through 2029, driven by regional regulatory norms and enhanced capabilities of the local players.

Global Produced Water Treatment Systems Market Size In 2018 Was ~US$ 6 Bn

The global oil and gas industry was a major victim of the COVID-19 pandemic due to a drastic slump in energy demand. Such was the impact of the pandemic on the oil industry that benchmark Brent crude oil prices plummeted to a historic low of under US$ 20 per barrel in April, 2020.

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This led to most major oil producing countries such as Saudi Arabia, Russia, Iraq, UAE, etc. resorting to production cuts to stabilise global crude prices. These production cuts still continue. The net result of this downturn for the market was a reduction in demand for produced water treatment systems.

  1. The global produced water treatment systems market size in 2018 was ~US$ 6 Bn.
  2. The demand for water treatment systems is expected to grow at a CAGR of ~6% during the forecast period of 2019-2029.
  3. Upsurge in the demand from the oil and gas industry, and stringent government regulations has been recently driving the sales of produced water treatment systems.
  4. Collectively, South Asia Pacific and East Asia are likely to account for half of the revenue shares in the produced water treatment systems industry by the end of 2029.
    • South Asia Pacific, attributing to the strong presence of the oil & gas industry, is expected to continue to be a prominent regional market for produced water treatment systems manufacturers.
  5. The offshore reinjection segment is expected to remain a prominent application area to invest in, for major players involved in produced water treatment systems.
    • The oil & gas industry has witnessed significant growth over the recent past, and rapid oil & gas exploration activities has been particularly noteworthy.
    • Noteworthy application potential of produced water treatment systems has been identified in the offshore reinjection category.

On the basis of technology, FMI has segmented the produced water treatment system into primary, secondary, and tertiary.

Primary technologies involve basic methods to separate solids from water, such as upstream sand removal, whereas secondary treatment involves separating oil from produced water through gas floatation, degasser, and membrane separation. On the other hand, tertiary treatment technology makes use of a combination of both primary and secondary technology.

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Onshore crude oil industry in North America represented 49.14 Bn barrels or 79.1% of produced water in 2012. FMI expects this to reach 116.29 Bn barrels, or 70.6% in 2020. On the other hand, offshore natural gas segment is projected to reach a volume of 7.66 Bn barrels by 2020.

Crude oil and natural gas market has a direct impact on the demand for produced water treatment systems. According to FMI’s analysis, natural gas production in North America is anticipated to expand at a CAGR of 1.1% during the period 2014-2020, whereas, growth of crude oil production is set to increase at a CAGR of 4.8% between 2014 and 2020.

The produced water treatment systems market in Europe is expected to reach a valuation of US$ 1,191.6 Mn by 2020. FMI estimates the market in Europe to expand at a CAGR of 4.6% during the forecast period. Demand for secondary treatment systems is anticipated to expand at a moderate rate during the forecast period, however, FMI expects it to remain the dominant segment through 2020. On the other hand, stringent regulation on part of the governments in Europe is expected to fuel the development of tertiary treatment technologies in the near future.

Asia Pacific produced water treatment systems market, valued at US$ 960.7 Mn in 2014, is anticipated to increase at a CAGR of 4.8% during the forecast period and reach a valuation of US$ 1275.2 Mn. In terms of revenue, primary produced water systems technology is expected to be the largest contributor in Asia Pacific by the end of forecast period, owing to the growing number of new produced water treatment installations in the region. According to FMI, the growth of the market in Asia Pacific is expected to be driven by a large number of new installations.

By Segmentation:

By Capacity (thsnd bl/day)

  • Less than 100
  • 100 to 500
  • Above 500

By Technology

  • Primary
  • Secondary
  • Tertiary

By Application

  • On Shore
  • Off Shore

By Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

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Competitive Analysis:

The key stakeholders in the global produced water treatment system market can be broadly categorised into treatment systems, mobile systems and rental service, and commissioning and consulting services. Schlumberger, Cetco, and Miox, Ovivo, and Global Water Engineering are companies that have a presence in all of the above-mentioned three categories.

Lead Acid Battery market valuation will top US$ 90.5 Bn by 2031

The lead-acid battery market valuation is expected to reach US$ 54.3 Bn in 2021. Future Market Insights (FMI) analysis has forecast the lead-acid battery sales to increase at 5.2% CAGR between 2021 and 2031. According to the study, the overall market valuation will top US$ 90.5 Bn by 2031. As per FMI, the demand for AGM batteries is expected to increase at a high pace, exhibiting a 6.2% CAGR in 2021.

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The inclination of consumers towards a healthy lifestyle and the increasing demand for herbal beauty products are expected to drive the market over the forecast period. Also, the trend of veganism among millennials will encourage them to shift towards green beauty products. This trend will continue fueling the demand for herbal beauty products.

Furthermore, the adoption of beauty and grooming products due to popular media portrayal of lumbersexuals and metrosexuals is expected to drive the growth of herbal beauty products. Additionally, changing attitudes of men towards body care and beauty products and their benefits have led players to develop novel products, specifically for men.

For instance,  Kama Ayurveda an Indian-based beauty company offers a wide range of natural and herbal men’s products specially made for the new age man who works hard to d groom and maintain their skin.

Increasing focus on advancements in herbal beauty products and customer-centric approaches are expected to influence players to adopt unique marketing strategies and develop novel products which in turn, is expected to drive the herbal beauty products market.

Key Takeaways from the Herbal Beauty Products Market Study
  • Based on consumer orientation, the global herbal beauty products market is segmented into adults and kids. The adult segment is estimated to account for the largest share by 2021 end.
  • China will emerge as a highly lucrative market for herbal beauty products in East Asia.
  • The U.S. will record the highest sales of herbal beauty products in North America.
  • Backed by the presence of well-established beauty industry, the sales of herbal beauty products will pick up pace in the I.K.
  • Supermarkets are expected to remain the preferred distribution channel for herbal beauty products. However, sales via online platforms are expected to catch up soon.

 “Players currently operating in the market are focusing on innovations to expand their portolfio. Some are even targeting specific skin problems to carve a niche amidst soaring competition. Meanwhile, leading brands are expanding their availability across e-commerce platforms to gain competitive edge,” said a FMI analyst.

The outbreak of the novel coronavirus pandemic has changed the face of the herbal beauty products market and has impacted the buying habits of customers. While disruptions in the supply chain dampened sales, studies suggest more people gave some time to personal and skin care as they remained indoors during an extended period of lockdown.

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An increasing number of consumers utilized their time looking for home remedies on social media platforms like YouTube and Instagram to nurture their skin. Focus on beauty consistently rose. Consequently, restrictions were lifted, sales in the herbal beauty products market recovered.

By Segmentation:

By Product Type:

  • Flooded Battery
  • AGM Battery
  • Gel Battery

By Application:

  • Transportation
    • Passenger Cars
    • LCV
    • HCV
    • Two-wheelers
    • Others
  • Motive Industrial
  • Stationary Industrial
  • Commercial
  • Residential
  • Grid Storage
  • Others

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

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

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Competitive Analysis:

A few key players in the herbal beauty products market are Surya Brasil Organic Beauty Products, Weleda AG, INIKA, Lotus Herbals Limited, Bio Veda Action Research Co. (Biotique), Guangzhou, Liwei Cosmetics Co Ltd., Dr. Hauschka, VLCC Healthcare Ltd., Hemas Holdings PLC, Herb labo Co. Ltd, The Himalaya Drug Company, Shahnaz Ayurveda Pvt. Ltd, GROWN ALCHEMIST, Shenzhen Panni E-Business Co. Ltd., and Arbonne International LLC among others.

Steel Pipe Market: Notable Developments & Geographical Outlook

Pipes are a prominent and integral part of every human being’s everyday life, which include transporting water, oil & gas, sewage & sanitation, etc. Steel pipes are one of the types used in the pipe industry for both industrial and housing purposes. Steel pipes are categorised as carbon steel pipe, stainless steel pipes and others. These pipes are mostly used in the water supplying and sewage systems due to its durability and low cost.

Carbon steel pipes are usually used in industrial processes involving extreme cold, high heat or for transporting gases, such as steam. Stainless steel has the quality to prevent from oxidation and corrosion, which makes it a widely used material nowadays. One more category that is structural steel pipes, used in the construction industry. Steel pipes are also used in numerous applications that involve the flow of fluid with a closed loop.

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Global Steel Pipe Market: Region-wise outlook

Asia Pacific is estimated to have a major share in the global steel pipe market. China has many manufacturers in the steel pipe industry, which makes it a dominating player in the Asia Pacific market. The countries in North America, such as the U.S. and Canada with developed steel manufacturing industries, represent as prominent regional markets.

Moreover, the U.S. has produced a wide range of products related to carbon and stainless steel. The U.S. president Mr. Donald Trump also signed a memo for new steel pipelines with the use of U.S.-manufactured raw steel. Based on these factors, the U.S. is estimated to have a hefty market share in the steel pipe market globally. The replacement of ageing pipelines in Europe is expected to gain high market growth over the coming years. Latin America has sluggish growth in the global steel pipe industry market. The Middle East and Africa is estimated to show sustainable growth due to rising oil and gas industries.

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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 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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By Segmentation:

The global steel pipe market can be segmented on the basis of material type and application:

Based on the material type, the global steel pipe market is segmented as:

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel
  • Tool Steel

Based on the application, the global steel pipe market is segmented as:

  • Automotive industry
  • Construction and mining
  • Textile Machinery
  • Chemicals
  • Pharmaceuticals
  • Energy industries
  • Refinery Petrochemicals
  • Oil and Gas Processing
  • Water treatment facilities

Global Steel Pipe Market: Drivers

As the oil and gas industry is growing rapidly, the demand for steel pipes is also increasing. Features such as reliability and durability are some of the prominent factors driving the global demand for steel pipes. Steel pipes have a wide range of usability, they are used in the automotive, mining and construction industries, which drives the manufacturing steel pipe industry. The available range of steel pipes becomes one of the reasons surpassing the demand of residential and non-residential sector of steel pipes. The replacement of ageing pipelines also increases the global demand of steel pipes.

Global Steel Pipe Market: Restraints

Substitutes such as iron and plastic pipes, which create diversions for the manufacturer towards other material pipes, are estimated to restrain the market growth. The corrosive behaviour of carbon steel pipes is one of the restraining factors, and the high cost of stainless steel also hinders the growth of the global steel pipe market.

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Market Participants

Examples of some of the participants of the global steel pipe market are:

  • Arcelor Mittal
  • American Cast Iron Pipe Company
  • Baosteel Group corporation
  • Evraz Plcevraz plc
  • Anhui Tianda Oil Pipe Company Limited
  • Hyundai Steel Company
  • JFE Holdings Corporation
  • Zekelman Industries
  • Arabian Pipes Company
  • Nippon steel & sumitomo metal corporation
  • TMK Group
  • United States Steel
  • VALLOUREC
  • Steel Authority of India (SAIL)
  • Tata Iron and Steel,
  • Jindal Vijaynagar Steel (JVSL),
  • Essar Steel and Ispat Industries

Ball screw Market: Notable Developments & Geographical Outlook

A screw can be described as an inclined plane around a cylinder made of various material. Screw is a cylinder with a head (solid top) at one end and a pointed tip (like a nail) at the other end. More importantly, it has ridges winding around it. The ridges or grooves around the shaft or cylinder is the thread. Ball screw is one of such type screw utilized for specific industrial purposes.

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Ball screw serves the most critical and one of its kind purpose of converting rotatory motion into linear motion required in various operations.  Ball screw assembly consists of a ball screw and a ball nut as an assembly with recirculating ball bearings.  The interface between the ball screw and the nut is made by ball bearings which roll in matching ball forms. The ball nut and ball bearing determines the load and life of the ball screw assembly.  With expansion of various industries and rise in complex machines as well as industrial operations it can be anticipated that ball screw market will grow over the forecast period with a significant growth over the forecast tenure

Ball screw Market: Regional Outlook 

Regarding geography, the global automotive Ball screw market has been categorized into seven key regions including North and Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa. The ball screw market is globally expected to register healthy CAGR during the forecast period.

Regarding value and volume, APE will have the largest market in ball screw in upcoming years; this is because of the countries such as China, India are witnessing strong growth in establishment of industries and other various operations Next to APEJ, North America is the other leading region which is showing tremendous growth in the market of ball screw this is because of the reason alike of APEJ as well as due to other factors such as new technology innovations, more automation in various activities.

Western Europe and Eastern Europe is also a prominent market for ball screw as both these region is well inundated with various type of industries. Japan has also a large no. of industry which creates demand of such ball screw MEA & Latin America both these region has been witnessing growth in oil & gas industry as well as other industries which is providing room for the demand of ball screw in this region as well

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina)
  • Western Europe (Germany, Italy, U.K, Spain, France, Nordic, Rest of Western Europe)
  • Eastern Europe (Russia, Poland)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC, S. Africa, N. Africa)

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 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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By Segmentation:

Based on the end user industry, Ball screw market is segmented into:

  • Aviation
  • Energy & Utilities
  • Fabrication

Based on its applications, Ball screw market is segmented into:

  • Pipelines
  • PAXWAY
  • Industrial Robotics

Based on its sales channel, Ball screw market is segmented into:

  • OEM
  • Aftermarket

Ball screw Market: Drivers & Restraints

Ball screw are primarily used in cutting edge technology products. Ball screw has an extensive usage in airplane flaps. Further ball screw are also used in other operations such as aircraft passenger boarding bridge, PAXWAY, at airports, in control system for chemical plant piping, in control system for control rods used in nuclear power plants and a pressure tube inspection system. Aforementioned products and industries are indispensable part of today’s world and it has been gradually increasing which will subsequently fuelling the demand of ball screw. Across globe implementation of industrial automation as well as use of industrial robotics is rising for convenience of human, this type of system are also key consumer of ball screw.

High price of ball screw can only be a possible restraint for ball screw market in developing countries otherwise the requirement and usage of ball screw has limited substitute which makes it a demanding product.

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Market players 

Few of the key players of ball screw market are as follows

  • NSK
  • THK
  • HIWIN
  • SKF
  • Bosch Rexroth
  • TBI Motion
  • Schaeffler
  • Kuroda

Industrial Gauges Market: Notable Developments & Geographical Outlook

As automation becomes a vital step to match the pace of industry 4.0, numerous industries are embracing novel technologies that ease out their processes, which otherwise require supervision. An industrial gauge is one such innovation that accurately keeps a tab on the standard pressure or temperature, as per the need of the process. Surging the need for measurement of gaseous or liquid media to allow a seamless functioning of manufacturing systems has been boosting the adoption rate of industrial gauges.

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Government regulations, focused on ensuring labor safety, have incited the shift of industrialists towards industrial gauges in numerous industries including but not limited to dairy, power, chemical, refining, and food. Accuracy is of utmost importance to gauge the pressure or temperature of a media, manufacturers are expanding efforts in the development of digital industrial gauges to obtain precise measurements.

Industrial Gauges Market – Notable Developments

The leading players of the industrial gauges market are striving to increase their market share by investing in research and development activities to innovate the industrial gauges landscape. In addition, market players also resort to merger and acquisition activities to boost their presence in other geographies. Some of the key players operating in the industrial gauges market include Granville – Phillips Company, Grainger, Inc., Baumer Holding AG, KOBOLD Messring GmbH, ENFM USA. Inc., and H.O. Trerice Co.

  • In April 2019, Ashcroft Inc. averred that it has acquired Rüeger Holdings SA and STIKO Meetapparatenfabriek B.V. The underlying aim behind this transaction is to emphasize on protection of the workforce, processes, and profits of Ashcroft’s clientele. Both the acquired companies specialize in the manufacturing of temperature and pressure measurement instruments.
  • In February 2019, MKS Instruments announced the acquisition of Electro Scientific Industries, a leading laser-based manufacturing solution provider to the micro-machining industry. The transaction will help these companies expand their solutions for advanced markets and accelerate their innovation capabilities.

Pyrosales Pty Ltd

Founded in 1976, Pyrosales Pty Ltd is headquartered in Australia. The company specializes in the development of industrial instruments as well as measuring, displaying, and transmitting products. It has operational facilities in Brisbane, Melbourne, Sydney, South America, China, and the U.S. The company enjoys its reputation as one of the largest manufacturers of calibration devices, sensors and instrumentation, level and flow measurement gauges, and precision temperatures.

WIKA Instrument, LP

Established in 1946, WIKA Instrument, LP is based in the U.S. It operates as a subsidiary of WIKA Alexander Wiegand GmbH & Co. KG. The company boosts its competence in manufacturing pressure gauges, pressure transmitters, diaphragm seals, and thermometers. The broad product portfolio of the company includes meters and displays, level measurement products, pressure gauge mechanical and electrical temperature products, high precision and calibration test products, and similar accessories.

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Winters Instruments Limited

Found in 1953, Winters Instruments Limited is based in Toronto, Canada. The company focuses on the manufacturing of industrial instrumentation products for temperature and pressure measurement. It has an excellent global reach with its distribution partners being in over 90 countries.

North America to Remain a Lucrative Industrial Gauges Market

The North American industrial gauges market remains benefitted by the demand ascending from numerous manufacturing plants of end-use industries such as paper and pulp, chemical, dairy, and food and beverages, among others. However, Asia Pacific is anticipated to witness a significant surge in the demand for industrial gauges, as a large number of companies have been shifting their manufacturing facilities in the region to leverage the emerging opportunities. The Middle East and Africa also contribute to the growing adoption of industrial gauges as numerous petrochemical industries remain at the forefront of the demand for pressure and temperature gauges.

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

By segmentation:

The industrial gauges market has been bifurcated based on:

  • Gauge Type
  • Application
  • End-use Industry
  • Region

Industrial Gauges Market Segmentation – By Gauge Type

  • Pressure
  • Temperature

Industrial Gauges Market Segmentation – By Application

  • Hydraulic systems
  • Boilers
  • Pumps
  • Compressors
  • Others

Industrial Gauges Market Segmentation – By End-use Industry

  • Chemical
  • Power
  • Dairy
  • Refining
  • Petrochemical
  • Pharmaceutical
  • Others

Industrial Gauges Market Segmentation – By Region

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

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Industrial Gauges Market – Dynamics

‘Digital’ to Remain a Key USP of Industrial Gauges

With automation fuelling industrial advancements, end-use industries have been seeking instruments that optimize process efficiency and reduce overhead costs. As the perception of ‘digital’ being synonymous with ‘time-efficient’ penetrates deeper, industrialists are moving past their analog industrial gauges to adopt digital industrial gauges. In addition, digital industrial gauges can minimize the workforce required to interpret the readings, owing to their precision even during high vibration, which helps manufacturers control their operational costs. Driven by accuracy, the adoption of digital industrial gauges is likely to remain high in the upcoming years.

Floor Grinding Machine Market: Notable Developments & Geographical Outlook

Grinding is the way toward removing metal by the utilization of abrasives which are bonded to form a rotating wheel. At the point when the moving rough particles contact the workpiece, they act as tiny cutting tools. The floor grinding machine is utilized for roughing and finishing flat, cylindrical, and cone-shaped surfaces; completing inward cylinders or bores; framing and sharpening tools, catching or expelling rough projections from castings, and stampings; cleaning, polishing, and buffing surfaces.

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Floor grinding is used for the removal of adhesives, imperfections, rain damage, coatings. Machines that granulate concrete floors are made to deal with much more anxiety and will have more power to drive the unit as concrete has substantially higher sliding friction than marble or granite which is likewise worked wet, along these lines with less friction. Some sorts of marble will spark when it is ground dry, making profound damage to the marble surface.

Concrete grinding and polishing have recently become famous in industrial settings, because of the number of favorable circumstances and benefits that it brings. The floor grinding machine smoothens the down rough concrete surfaces to uncover a smooth and shiny surface. Essentially, an overwhelming obligation granulating machine is utilized on the surface of the concrete slab, to polish it and make it look significantly more attractive. The floor grinding machines are made in a simple and robust but yet stylish and functional design.

Regional Outlook:

The global floor grinding machine market is segmented into seven geographic key regions includes North America, Eastern Europe, Latin America, Japan, Western Europe, Asia-Pacific excluding Japan and The Middle East, and Africa. The developing economies such as the Asia-Pacific region lead to a growth of floor grinding machines near future owing to the development of industries is followed by North America, Japan. The demand for global floor grinding machines is expected to rise shortly.

Key Players:

The few prominent key players of global floor grinding machine are:

  • Husqvarna AB
  • HTC Group
  • Blastrac
  • Klindex
  • Shanghai Tuomi
  • Xingyi Polishing
  • Scanmaskin Sverige AB
  • Superabrasive
  • Linux
  • Terrco
  • ASL Machines
  • Substrate Technology
  • Shanghai Qing
  • Roll Gmbh
  • Bartell Global
  • Weijie Environmental

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 geography, technology, and applications.

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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg, and Rest of Western Europe)
  • Eastern Europe (Poland, Russia, and Rest of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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

By Segmentation:

Based on applications, the global floor grinding machine market is segmented into:

  • Grinding and Polishing
  • Concrete
  • Marbles
  • Limestone
  • Cement plate
  • Wood-parquet floor coatings
  • Removal
  • Grease
  • Machine Oil
  • Paintings
  • Cleaning
  • Floor coatings
  • Removal of mud
  • Treacle and other loose dirt
  • Buffing and stripping

Based on floor type, the global floor grinding machine market is segmented into:

  • Marble
  • Concrete
  • Granite
  • Limestone
  • Others

Based on end-use, the global floor grinding machine market is segmented into:

  • Industrial
  • Commercial

Based on the regions, the global floor grinding machine market is segmented into:

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

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Global Floor Grinding Machine: Market Dynamics:

Mainly industrial purpose drives the global demand of the floor grinding machine market. The floor looks attractive, increases the durability of the floor, is environment-friendly, and saving a lot of money are the factors that further leads to a rising demand for floor grinding machine. Simple design, robust construction, single-speed, high quality, functional, and price competitiveness are the factors that also propel the growth of the floor grinding machine market.

 

Bioprocessing Systems Market: Notable Developments & Geographical Outlook

Manufacturing biologics is a complicated process and thus generally are outsourced by the manufacturers. Bioprocessing is the manufacturing process that helps in producing bio-based products such as vegetable oils, and fatty acids. The major applications of the bioprocess industry are vaccines, tissue engineering, biosensors, and biopharmaceuticals. Bioprocessing also is known as biopharmaceutical manufacturing is a bioprocess used for the production of therapeutic cells. Bioprocessing systems thus are in high demand due to wide industrial applications in the market. It is used for various processes used in the bioprocessing of enzymes, cells, medical equipment, the food-related process of filtration, distillation, and others.

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Segment Overview

A major application of global bioprocessing systems includes vaccines development, biopharmaceuticals, nutraceuticals, and other food processing. Other applications include filtrations, tissue engineering, chromatography, mixers, bioreactors, and also waste management in the environmental management aid. This process is carried out by using degradable sources such as vegetable oils and fatty acids. It thus facilitates an eco-friendly production system. In the industrial use segment, global bioprocessing systems are widely used in biopharmaceuticals and nutraceuticals.

The vaccines, drugs, medical aids, bottles, medicines all use bioprocessing systems. Due to volatile petroleum prices, chemical industries are expected to have a significant share in global bioprocessing systems consumption. Based on the bioprocess, the global bioprocesses market is segmented into four divisions namely upstream bioprocessing, downstream bioprocessing, and single-use bioprocessing and integrated bioprocessing. The Upstream process involves media development, cell culture, harvesting of cells, and fermentation.

Regional Overview

Geographically, the global bioprocessing system market is segmented into seven regions including North America, Latin America, Eastern Europe, Western Europe, Japan, Asia-Pacific, and the Middle East and Africa. The global bioprocessing system market is expected to have healthy CAGR during the forecast period due to high demand from biopharmaceutical and nutraceutical industries, the wide range of applications such as food and beverages, life science research, and various other industries.

Owing to increased life science research and rapid development in biopharmaceuticals, the global bioprocessing market in North America and Europe is expected to have a significant share in the forecasted period. In terms of the developing region of Asia-Pacific, the growth of the global bioprocessing systems market is significantly high and with comparatively high CAGR in the forecast period owing to the factors such as rapid economic development, globalization, and increasing demand for bio-based products in food & beverages industry, high usage of the industrial chemicals and nutraceutical industries.

The Asia Pacific, due to potential market players investing in the R & D development of this region, is expected to have significant CAGR during the forecast period 2017-2027. Overall, the global market for bioprocessing systems is projected to grow significantly by the end of the forecast period.

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Market Players

Some of the prominent players of the global bioprocessing systems markets are  Lonza,  Pall Corporation, GE Healthcare Bio-Sciences AB, Nordson MEDICAL’s, Robert Bosch GmbH, Thermo Fisher Scientific Inc, EMD Millipore Corporation, PBS Biotech, Inc.,

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, application, and Industry.

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, and Rest of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg, and Rest of Western Europe)
  • Eastern Europe (Poland, Russia, and Rest of Eastern Europe)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, and Rest of MEA)

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

By Segmentation:

Based on the process, the global bioprocessing system market is segmented into

  • Upstream
  • Downstream
  • Single-Use
  • Integrated

Based on its applications, the global bioprocessing system market is segmented into

  • Vaccine Development
  • Cell therapy and plant cell cultivation
  • Filters
  • Tissue engineering,
  • Biosensors
  • Bioreactors and mixers
  • Plasma fractionation
  • Chromatography
  • Bio-therapeutic Molecule Production
  • Environmental management aid

Based on the end-use industries, the global bioprocessing system market is segmented into

  • Food and Beverages
  • Biopharmaceutical
  • Neutraceuticals
  • Specialty products and industrial chemicals

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Global Bioprocessing Systems: Market Dynamics

The global bioprocessing systems market witnessed significant growth owing to the increasing demand for bio-based products. The heavy demand for such systems by the industries such as food, pharmaceuticals, nutraceuticals, chemicals, and polymers coupled with automation in the industrial process minimizing human errors have propelled the growth of the global bioprocessing market.

Moreover, the factors such as rising demand for biopharmaceutical production, increasing symptoms of chronic diseases, low manufacturing costs as compared to the artificial source of materials, and improvisation of infrastructure in life science research have triggered the global bioprocessing systems during the forecast period 2017-2027. Growing demand for the single-use systems of bioprocessing systems is expected to gain traction during the forecast period which is supposed to augment the global bioprocessing system market.