Telecom Tower Power System Market is expected to reach US$6.7 Bn by 2031.

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

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

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

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

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

Key factors fueling telecom tower power systems demand include initiatives undertaken in introducing green telecom power systems. Leading power system manufacturing companies are focusing on expanding their production and distribution capacities in various countries. To improve their industrial research activities, some companies are collaborating directly with regional manufacturers.

The renewable energy is among the leading power sources, influencing demand for telecom tower power systems. China has emerged as a highly lucrative market for the production and export of telecom tower power systems. This can be attributed to increasing demand for electronic products, coupled with the adoption of advanced technologies and higher production capacities.

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

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

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

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

Category-wise Insights

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

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

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

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

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

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

Telecom Tower Power System Market by Category

By Product Type:

  • Outdoor Telecom Power System
  • Indoor Telecom Power System

By Power Source:

  • Diesel Generator
  • Diesel Generator + Battery
  • Renewable Energy
    • Solar
    • Wind Turbine
    • Biomass

By Region:

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

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Competitive Landscape

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

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

Oil and Gas Hose Assemblies Market is projected to grow at a CAGR of 4.3% between 2020 and 2030

Oil and gas hose is an important product used in a variety of industries due to its application in processes such as exploration, well development, production and site abandonment. It integrates upstream, midstream and downstream applications for the successful transfer of materials from the area of production to the place of consumption.

The increasing investments in oil and gas projects is contributing to the growth of oil and gas hose assemblies market. According to the Future Market Insights (FMI) analysis, the global market for oil and gas hose assemblies is projected to expand at a value of 4.3% CAGR by 2030.

According to Future Marketing Insights (FMI), the global oil and gas hose assemblies market is forecast to reach US$ 1,763.1 Mn in 2030.

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Key Takeaways from the Global Oil and Gas Hose Assemblies Market Report

  • The global oil and gas hose assemblies market is expected to reach a value of US$ 1,124.2 Mn in 2020
  • The increasing prices of steel crude oil and natural gas will have a massive effect on the oil and gas hose assemblies market, especially in the U.S.
  • East Asia is expected to record maximum growth during the forecast period due to increased undertakings of oil and gas offshore projects.

Manufacturers Focusing on Offering High Performance Oil and Gas Hose Assemblies

Requirement of durable, lightweight, low maintenance and high performance oil and gas hose assemblies and growth in the oil and gas industry, are key factors driving the market. Manufacturers are focusing on improving the quality of the product. They are investing to enhance physical properties such as anti-corrosive nature and pressure endurance of oil and gas hose assemblies without compromising on maintenance frequency and cost of operation.

Some of them are even integrating smart technologies in the hose assemblies to enable remote and predictive detection of the assemblies from issues such as leak detection and hose rupture. East Asia is anticipated to dominate the market in terms of region, and in terms of product types in specifically drilling mud hose assemblies for its excessive usage in onshore/offshore upstream applications. The surging growth of subsea oil explorations is the major driver amongst others and collaborations in research will provide a higher return on investment.

“Companies operating in the market are focusing on researches to improve the overall performance of oil and gas hose. There is ample focus on ensuring better cost-efficiency to gain competitive edge. The market is therefore witnessing several launches, which will bode well for it in the coming years,” said a lead analyst at FMI.

Covid-19 Impact Analysis

The Covid-19 pandemic has critically affected a lot of different industries, including the oil and gas hose assemblies market. The lockdown has led to shutdowns of all plants and activities, reducing sales in the market. The market is expected to incur a -7.2% decline in value in 2020.

According to the market analysis, the global market for oil and gas hose assemblies will bounce back in 2021, growing until the next 5 years and then flowing at a steady pace until the end of the forecast period.

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Key Segments

Product Type

  • Dock LoadingHose Assemblies
  • Dump HoseAssemblies
  • FPSO WaterUptake Hoses
  • Jumper HoseAssemblies
  • Bunkering HoseAssemblies
  • Drilling MudHose Assemblies
  • Frac HoseAssemblies
  • Other CustomHose Assemblies

Material Type

  • Rubber
  • Polymers & Composites
  • Metal

Application Type

  • Downstream
  • Midstream
  • Upstream

Pressure Intake

  • Low Pressure
  • Medium Pressure
  • High Pressure

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Oil and Gas Hose Assemblies Market Report: Scope

Attribute Details
Forecast Period 2020-2030
Historical Data Available for 2015-2019
Growth Rate (2020-2030) 4.3% CAGR
Market Analysis US$ Mn for Market Value and ‘000 Feet for Market Volume
Market Value for 2020 US$ 1,040 Mn
Key Regions Covered North America, Latin America, Europe, South Asia and Pacific, East Asia, Middle East & Africa
Key Segments Covered Product Type, Material Type, Pressure Intake, Application and Region
Key Companies Profiled Gates Corporation, Eaton Corporation Plc, Continental AG,Trelleborg AB, ERIKS North America, Inc. ParkerHannifin Corporation, Manuli Hydraulics, ALFA GOMMA Spa, Kuriyama Holdings Corporation
Report Coverage Market Forecast, Competitive Landscape, Region-wise and Category-wise Insights, COVID-19 Impacts, Key Trends, Key Challenges
Customization & Pricing Available upon Request

Who is winning?

The global oil and gas hose assemblies market is extremely competitive, with major players focusing on expanding the market by investing in manufacturing facilities. Some of the key players in the market are Gates Corporation, Manuli Hydraulics, Eaton Corporation Plc, Continental AG, Trelleborg AB, ERIKS North America, Inc. and many others.

About Future Market Insights (FMI)

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

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Vibrating Screen Market is estimated to increase at a CAGR of ~7% between the forecast period of 2019 and 2029. : FMI

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

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

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

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

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

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

Manufacturers showing Stauncher Inclination toward Direct Drive System

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

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About Industrial Automation Division at Future Market Insights

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

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

Heat Recovery Steam Generator Market experience sluggish growth at a 3.9% CAGR between 2016 and 2020.

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is expected to reach US 1.1 Bn in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a 5.7% CAGR through 2031.

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Increasing applications of heat recovery steam generators in combined cycle plants will continue driving sales during the assessment period. Heat recovery steam generators supply steam to steam turbine cycles, which is emerging as the most effective way to generate electricity in recent years.

In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forthcoming years.

As per FMI’s regional analysis, the U.K. is expected to lead the European heat recovery generator market. Stringent regulations regarding carbon emissions in the European Union, coupled with increasing adoption of renewable energy sources, will enhance growth prospects by 2031.

Further, sophisticated customization and innovative product solutions offered by OEMs and heat recovery steam generator players will continue providing tailwinds to sales.

“Increasing investments in the power generation sector to improve efficiency, coupled with inorganic growth strategies adopted by OEMs for better market reach will continue augmenting growth in the forthcoming years,” says the FMI analyst.

Key Takeaways:

  • Fully assembled heat recovery steam generators will remain the most preferred type of design.
  • In terms of configuration, horizontal drums will account for maximum sales.
  • Based on output power, 0-60 MW segment is poised to experience high demand.
  • Combined heat and power plants will dominate the application segment.
  • The U.S. is expected to witness high demand for heat recovery steam generators, owing to increasing energy production and need for sustainable methods. The North American market is poised to grow at a 4.4% CAGR.
  • The U.K. will continue leading the European heat recovery steam generator market, expanding at a 4.6% CAGR.
  • Demand for heat recovery steam generators will continue rising in China, because of rising adoption of combined cycle plants.
  • India will emerge as a lucrative market, owing to government-backed initiatives promoting renewable energy production.
  • Japan and South Korea will collectively account for 5% of the total market share.

Competitive Landscape

Cleaver-Brooks, Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmače, a.s., and Xizi United Holdings Limited are some players operating in the heat recovery steam generator market profiled by FMI.

The top 5 players in the market include General Electric, Siemens AG, CMI Group, John Wood Group plc, and Mitsubishi Hitachi Power Systems Ltd., accounting for 75.5% of the total market share.

Leading players, as a part of their growth strategies, are focusing on strategic collaborations, mergers, and acquisitions to expand their global footprint and improve their product portfolios. For instance:

  • In August 2021, Siemens Energy and state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based, including a 100-200 MW pilot electrolyzer facility for the clean energy industry.
  • In August 2021, Mitsubishi Power’s Philippines unit secured a three-year term of service agreement to maintain boilers of the Davao coal plant of Aboitiz Power Corp. The agreement should maintain reliable energy access in Mindanao.

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Heat Recovery Steam Generator Market by Category

By Design Type: 

  • Modular Construction
  • C-Section Construction
  • Bundle Construction
  • Fully Assembled

By Configuration Type:

  • Horizontal Drum Units
  • Vertical Drum Units
  • Horizontal-Once Through Units

By Output Power Type:

  • 0-60 MW
  • 60-100 MW
  • 100 MW & Above

By Application Type:

  • Co-generation (Process Heating)
  • Combined Cycle
  • Combined Heat & Power (CHP)

By Region, Heat Recovery Steam Generator Market is segmented as: 

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA),

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More Insights into the Heat Recovery Steam Generator Market Report

In its latest report, FMI offers an unbiased analysis of the global heat recovery steam generator market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. To understand the global market potential, its growth, and scope, the market is segmented based on design type (modular construction, c-section construction, bundle construction, and fully assembled), configuration type (horizontal drum units, vertical drum units, and horizontal once-through units), application type (co-generation, combined cycle, and combined heat & power), output power type (0-60 MW, 60-100 MW, and 100 MW) and across seven regions (North America, Latin America, Eastern Europe, Western Europe, the Asia Pacific excluding Japan (APEJ), Japan, and the Middle East & Africa).

Published 

Carbon Brush Market is expected to expand at a CAGR of nearly 4% during 2019 to 2029. : FMI

Future Market Research’s new market research report titled, ‘Carbon Brush Market: Global Industry Analysis 2014–2018 and Market Forecast 2019–2029′, scrutinizes the carbon brush market, and offers critical insights for the forecast period between 2019 and 2029. As per the report, the global carbon brush market is projected to observe remarkable growth during the forecast period, owing to the aspects such as rising demand from industrial applications, automotive, and electrical hand tools.

The market for the global carbon brush market was valued at over US$ 2,500 Mn in the year 2018 and is expected to expand at a CAGR of nearly 4% during the forecast period of 2019 to 2029.

Increasing production is sectors such as industrial applications, automotive, electrical goods, household appliances, energy, and healthcare, among others, has resulted in a drastic growth in the demand for carbon brushes, which are used to conduct electrical current between the stationary and rotating parts of a motor. This describes the expected growth of the carbon brush market during the forecast period.

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East Asia Projected to Offer Noteworthy Growth Opportunities to the Carbon Brush Market Players:

The global carbon brush market is considerably merged, with the top 4 players accounting for around one-fourth share of the overall market. Apart from these 4 players, there are few players in the market that have established themselves at domestic and as well as global levels. Subsequently, market players involved in the carbon brush market are poised to expand into lucrative regions, and are also spending their manufacturing facilities to cater to the ever-growing demand.

In the global carbon brush market, East Asia is expected to be a prominent region throughout the forecast period, because of the increasing production and consumption of carbon brushes in China. Besides East Asia, North America, including countries such as the U.S. and Canada, is also expected to be a lucrative region for the carbon brush market. The increasing consumption of electrical appliances, industrialization, and surge in automobile sales are some of the cited factors driving the growth of the carbon brush market in East Asia.

Motor Segment, by Application Type, and Industrial Application Segment, by End-Use Industry, to Remain Prominent Over the Forecast Period

Based on product type, the electro graphite segment is expected to remain a dominant segment in the forthcoming years, accounting for a protruding share in the global carbon brush market throughout the forecast period. In terms of the growth rate, the electro graphite segment is considered projecting relatively higher growth in the coming years. Based on application, the motor segment is estimated to account for nearly one-third of the market size, owing to their vast applications in various end-use verticals. Based on sales channel, the aftermarket segment is estimated to account for nearly two-third of the market size throughout the forecast period.

Carbon brushes have significant applications in various end-use industries, such as automotive, electrical hand tools, industrial applications, household appliances, security and defense, petrochemicals, energy, and healthcare, among others. The industrial applications segment is projected to be one of the prominent end-use industry segments in the carbon brush market and is expected to account for over one-third of the total carbon brush market throughout the forecast period. Besides industrial applications, carbon brushes also find important application in the automotive industry, which is also expected to create significant revenue for the global carbon brush market.

Carbon Brush Market–Key Research Findings

Global carbon brush market size in 2018–Nearly US$ 2,500 Mn The carbon brush market is expected to grow at a CAGR of nearly 4% over 2019-2029. East Asia and North America are expected to remain prominent regional markets in the carbon brush market. East Asia and North America are the leading regions in the carbon brush market, owing to the increasing adoption of carbon brush products for motors and increasing industrial applications for the development of carbon brush products for different applications. Distribution and marketing synergies between companies expected to exploit carbon brush market growth prospects. Major players in the carbon brush market, such as Morgan Advanced Materials, Mersen SA, Robert Bosch GmbH, Schunk GmbH,., are employing synergistic methods of product co-marketing and co-promotion, by teaming up with other companies. The synergistic partnerships between actively operating companies are proven to pose an instant growth impact on the carbon brush industry, when compared to that held by strategic acquisitions and mergers. In October 2018, Schunk GmbH laid the foundation of its new production facility in Heuchelheim. It invested approximately 30 million Euros in the project. Electro graphite is expected to remain a highly preferred product type in the carbon brush market. The demand growth of electro graphite can be primarily attributed to the growth of the global motor market. Some of the factors such as cost effectiveness and rising awareness about the benefits of carbon brush procedures are expected to propel the growth of the carbon brush market.Request a Complete TOC of this Report with figures:
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CARBON BRUSH MARKET TAXONOMY

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

By Product Type

General Graphite Metal Graphite Carbon Graphite Electro Graphite Silver Graphite Resin- Bonded Graphite Others (impregnated)By Application

Motor Generator & Alternator Current & Signal transmission Grounding Devices OthersBy Sales Channel

OEM AftermarketBy End Use

Automotive Electrical Hand Tools Industrial Application Household Appliances Security & Defense Petrochemical Energy HealthcareBy Region

North America Latin America Europe South Asia East Asia Oceania MEACarbon Brush Market: Vendor Insights

The report highlights some of the market players that are prominent and are leaders in the global carbon brush market. Some examples of the key players in this market are

Morgan Advanced Materials, Mersen SA, Robert Bosch GmbH, Schunk GmbH, Toyo Tanso Co., Ltd, Pelican Carbon Brush Pvt. Ltd, Helwig Carbon Products Inc., Aupac Co., Ltd, Assam Carbon Products Limited, Naeem Carbon & Industrial Products LLP, Phynyx Industrial Products Pvt. Ltd, and National Carbon Brush Products, among other players.For More Information or Query or Customization Before Buying, Visit:
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About Industrial Automation Division at Future Market Insights

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

For additional actionable insights on the current and prospective market scenario of carbon brush, write in to the analyst at press@futuremarketinsights.com

Power Generator for Military Market: Demand Continues to Surge, Finds New FMI’s Study

Uninterrupted and reliable sources of power supply are vital for successful military operations. Power Generator for Military Market have application across diverse segments within the military industry. Against this backdrop, Future Market Insights (FMI) foresees lucrative prospects for power generator producers within the military market.

Power generators are used for various tactical operations within military agencies. On account of changing landscape, the inclination towards compact and lightweight designs is higher. These generators are touted as advanced equipment that offer robust output at low cost. Driven by the demand for improved fuel efficiency, sales of compact generators are expected to pick up in the coming years.

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According to FMI, the demand for advanced and fuel-efficient generators will accelerate in the coming years. Increasing budget allocation towards strengthening the defense sector will subsequently aid the expansion of the market.

FMI’s report on the power generator for military market highlights the specific needs of the defense and military sector. It identifies hidden growth opportunities for the market players, besides cautioning them against potential threats.

Some of the key takeaways from the report are:

  • Market players are likely to witness attractive growth opportunities as military agencies focus on establishing integrated power systems. This will invariably fuel the demand for generators
  • Hybrid generators are likely to comprise an exceptionally lucrative product category. Ensuring environment safety is high on the agenda of military agencies. They are keen on investing in fuel-efficient technologies that will also offer significant cost reduction
  • Backed by increasing military spending, North America is forecast to emerge as dominant market for power generators
  • While diesel will remain preferred fuel type, tightening environmental laws will boost growth prospects for natural gases as potential sources of fuel
  • Demand power generators will remain significantly high in field hospitals and field camps and accommodations.

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The COVID-19 Impact

The COVID-19 outbreak has sent shockwaves across the globe. Experts even presume it to be the worst crisis the world has witnessed in recent past. The crisis was unprecedented, resultantly it crippled the manufacturing sector of some of the major economic powerhouses.

By the time the global economy recovers from the jolt, manufacturing is expected to be among the worst-hit sectors. The incredible slump in investment, subsequently revenue generated within the industry paints a gory picture.

The power sector too is no stranger to the crisis. It is reeling under payment delays and deficits. Government owned distribution companies are particularly hampered. Nationwide lockdowns have posed unique and devastating challenges. Liquidity crunch is threatening several companies within the industry.

Key Segments

Capacity

  • Upto 60 KW
  • 61 to 250 KW
  • 251 to 500 KW
  • 501 to 1000 KW
  • Above 1000 KW

Output Type

  • AC
  • DC

Fuel Type

  • Diesel
  • Natural Gas

Installation Type

  • Stationery
  • Mobile and Portable

Application

  • Communication System
  • Air Defence System
  • Field Hospitals
  • Field Camps/Accommodation
  • Lighting
  • Military Vehicles
  • Others

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Competitive Landscape

Companies operating in the market are continuously striving to offer advanced power generation system with high output and low operational cost. In the near future they are likely to focus more on the manufacturing of hybrid generators.

Overall the focus on portfolio and footprint expansion is forecast to remain high in the market. Mergers and acquisitions make a key strategic moves adopted by the companies to gain competitive advantage. Besides this, product launches will remain a key strategy adopted by the market players.

Cummins Inc. for instance launched HSK78G natural gas generator series in March 2019. This series offers a range of advanced capabilities and innovative gas technologies.

Caterpillar Inc. introduced CAT INV2000 in December 2019. It is a portable generator.

Who is winning?

Leading companies operating in the power generator market have an impressive global presence backed a strong distribution and sales network. Because the market is fairly consolidated, Tier 1 companies are expected to account for the lion’s share.

Market players will primarily focus on expanding their global footprint and product portfolio. Considering this, besides mergers and acquisitions, product launches will remain highly preferred strategic moves among competitors.

FMI profiles some of the leading companies operating in the global market. These include

  • Cummins Inc., Caterpillar Inc., Rolls-Royce Holdings plc, HIMOINSA, Harrington Generators International, Teknel srl, GRUPEL S.A., VÝVOJ Martin, HITZINGER GmbH, Fischer Panda GmbH, Ascot Industrial S.r.l., GREEN POWER SYSTEMS S.r.l., Kohler Co., Kirloskar Oil Engines Ltd., and Ausonia S.r.l.

Oil and Gas Fittings Market increase at a CAGR of ~3% in the forecast period 2019-2029

A new market research report by Future Market Insights on the oil and gas fittings market includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the oil and gas fittings market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global oil and gas fittings market is expected to experience moderate growth during the forecast period due to multiple factors such as new oil and gas drilling projects and new pipeline contracts across the globe.

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The global oil and gas fittings market is estimated to reach ~US$ 1.2 Bn in 2019, and increase at a CAGR of ~3% in the forecast period 2019-2029. This growth is majorly driven by the increasing consumption of oil and gas fittings in upstream and downstream operations.

According to FMI’s analysis, the oil and gas fittings market is set to witness a steady growth, on the back of growing upstream as well as downstream contracts and rising investment in refinery upgradation projects, in addition to rapid replacement activities.

East Asia Region Projected to Witness Bolstering Growth

North America is projected to hold significant market share in the global oil and gas fittings market value owing to new and replacement projects for the installation of oil and gas fittings that are targeted in this market study. However, the East Asia market is anticipated to project rewarding growth in the global oil and gas fittings market over the forecast period 2019-2029, with China being a leading country. This is driven by the rapid growth of onshore drilling projects coupled with the rising number of oil and gas pipeline projects in China. Apart from that, Africa will pose a strong opportunity for the manufacturers of oil and gas fittings to acquire new contracts and ventures during the forecast period.

Additionally, macroeconomic factors such as crude oil and natural gas production and consumption, oil and gas production data by key countries, and increasing number of new oil and gas pipeline projects, and pipes, valves, and fittings (PVC) contracts are some of the other factors that are boosting the growth of oil and gas fittings market.

Downstream Operations Will Drive the Demand for Oil and Gas Fittings

The global oil and gas fittings market has been segmented on the basis of product type, working pressure, material type, operation, application, and regions such as North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East and Africa.

  • By product, tees and flanges are estimated to hold significant value shares of the global oil and gas fittings market.
  • On the basis of material, carbon steel and alloy steel are projected to have strong growth over the forecast period in terms of value. However, the use composite and fiberglass materials will positively influence the oil and gas fittings market with rapid growth.
  • In terms of operation, the deployment of oil and gas fittings in downstream operation will continue to account for significant sales. However, growing application in upstream operation is anticipated to result in increased market share during the forecast period. The growing number of projects related to new drilling wells in onshore operations will further drive the installation of new oil and gas fittings.

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Key Segment

By Working Pressure

  • Less than 2,000 psi
  • 2,000 – 4,000 psi
  • 4,000 to 6,000 psi
  • 6,000 to 10,000 psi
  • 10,000 to 15,000 psi
  • Above 15,000 psi

By Product Type

  • Tees
    • Studded Tees
    • Flow Tees
  • Flanges
    • Blind/Test
    • Companion
    • Weld Neck
  • Adapters
    • Bottom Hole Test Adapter
    • Double Studded Adapter
  • Male Pins
  • Studded Crosses

By Material Type

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Fiberglass
  • Composite
  • Others

By Application 

  • Onshore
  • Offshore

By Operation

  • Upstream
  • Midstream
  • Downstream

By Region

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

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Oil and Gas Fittings Market: Vendor Insights

The report indicates some of the prominent market players, who are recognized as leaders in the global oil and gas fittings market. Some of the key players in the global oil and gas fittings market are Anvil International, AVK UK Ltd, JVS Engineers, The Weir Group PLC, Hy-Lok CO., LTD, B.O.P Products LLC., FitTech Industries Pvt. Ltd., Gelbach UK Ltd, Grupo Cuñado, KINGSA Industries, Probe Oil Tools, PSL Pipe & Fittings Co., Yingkon Haitai Metal and Pipe Fittings Co., Ltd., and Woodco USA, among others.

About Future Market Insights (FMI)

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

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Solar Charge Controller Market will observe just-above 8% CAGR over 2018-2028

Future Market Insights (FMI) has published a new research study on the global solar charge controller market titled ‘Solar Charge Controller Market: Global Industry Analysis 2013–2017 and Forecast, 2018–2028’. According to FMI, the solar charge controller market was valued at US$ 1.4 billion at the end of 2017 and is anticipated to grow at an impressive CAGR to reach US$ 3.4 billion by end of the forecast period.

  • Global Solar Charge Controller market size in 2017 was nearly US$ 1.4 billion
  • The Solar Charge Controller market will observe just-above 8% CAGR over 2018-2028

FMI finds that in 2018, East Asia and Europe were attractive regions in the solar charge controller market, accounting for more than 49% of the global market share. The demand for solar charge controllers is witnessing a linear trend with rising demand for offgrid solar panel systems from economies, such as China, India, USA, Brazil and some of the ASEAN and African countries.

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Developing economies, such as China, India, Malaysia and Brazil, are anticipated to positively influence the sales of solar charge controllers. Government initiatives related to subsidiaries for solar panel systems led by China, India and some of the Latin American countries are expected to further intensify the deployment of solar panel systems and solar charge controllers.

Increasing orders related to off-grid solar panel systems and solar charge controllers for deployment in remote and residential applications are expected to positively impact the growth of the global solar charge controller market during the forecast period.

Developments in solar charge controllers, such as auto night detection, LCD display, overcharging protection and growth in communication solutions integrated with solar charge controllers, are driving the growth of the global solar charge controller market. The growth of solar charge controllers market is being positively impacted by the deployment of offgrid solar panel systems.

30A to 50A Solar Charge Controllers to Hold One Third Share in Market Growth

Based on current charging capacity, solar charge controllers with 30A to 50A is anticipated to remain the primary sub-segment in terms of market share, covering nearly 33% by the end of 2028. Growth in demand for lead acid battery for storage applications in developing economies is anticipated to impact the sales of solar charge controllers. Further, the rise of new entrants in the global solar charge controller market will initiate new production bases in developing economies for solar charge controllers.

Based on technology, the MPPT based solar charge controllers will register high growth rate and are anticipated to be a prominent segment in the global solar charge controller market. PWM based solar charge controllers are expected to account for an estimated value of US$ 1,980.5 Mn by the end of 2028.

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Key Segment

By Current Charging Capacity

  • up to 8A
  • 8A to 20A
  • 20A to 30A
  • 30A to 60A
  • 60A to 80A
  • 100A to 250A
  • Above 250A

By Battery Type

  • Lead acid Battery
  • Lithium Ion Battery

By Technology

  • Pulse Width Modulation (PWM)
  • Maximum Power Point Tracking (MPPT)

By Region

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

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Solar Charge Controller Market will Remain Highly Fragmented

The global solar charge controller market is highly fragmented and the tier-1 players contribute to nearly 1/3rd of the market share. The competition among the global and regional players is becoming intensified due to rise of new players in developing economies. Leading manufacturers of solar charge controllers are widespread, with both regional and global players offering solar charge controllers in their targeted marketplaces.

Manufacturers are concentrating on acquiring new orders for the installation of solar charge controllers. Further, the adoption of MPPT based solar charge controllers will be a driving factor for the growth of the global solar charge controller market.

Morningstar Corp., Outback Power Inc., Studer Innotec, Victron Energy, Aims Power, Renogy, Sensata Technologies, Inc., Schneider Electric, Samlex America Inc., and DENRYO CO., LTD, are some of the key players leading the global solar charge controller market. 

About FMI

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

Contact

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Vapour Recovery Units Market expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029.

[230 Pages Report] Vapour Recovery Units Market was valued at US$ 878 Bn in 2018 and is expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029. Vapor recovery units based on the adsorption principle will continue to shape the market landscape in the coming years. While considering cost and operational efficiency, adsorption-based VRUs are a universal choice among end-users. Moreover, these vapor recovery units would near revenue worth around US$ 1 Bn towards the end of the projection period. However, VRUs based on membrane separation technology are likely to witness greater demand growth owing to their straightforward installation and usage.

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Vapour recovery units arrest vapour escaping from storage tanks, and help reduce VOC emissions by nearly 90%. Growing government restrictions and new regulations on the levels of VOC emissions are anticipated to elevate the sales of vapour recovery units across the world. These units also play a major role in reducing loss of crude oil through storage tanks in upstream and downstream operations.

As a result, notable growth in crude oil storage tanks across the globe is projected to fuel the sales of vapour recovery units over the coming years. According to a recent research report published by Future Market Insights, the vapour recovery unit market was valued at US$ 878 Bn in 2018, and expected to register a decent CAGR of more than 5% during the forecast period of 2019-2029.

“North America and Europe are anticipated to retain their prominent shares in the market throughout the forecast years, due to their established markets for upstream and downstream applications. However, APEJ and MEA are anticipated to provide lucrative growth opportunities on the back of development of the oil & gas sector in these regions.”

Key Takeaways of Vapour Recovery Unit Market Study

  • Growing production and consumption of oil has resulted in a rise in the number of oil exploration units and refineries across the globe. Increment in storage batteries and tanks, in turn, is anticipated to propel the demand for vapour recovery units during the foreseen period.
  • Price volatility of crude oil and increasing loss of oil due to vapour escape from storage vents will to fuel the requirement for vapour recovery units. These units restrict crude oil wastage due to vapour loss; hence, their utilization is anticipated to increase in upstream as well as downstream applications in the coming years.
  • Environmental regulations regarding VOC emissions have become stricter across the European Union and North America. Increasing greenhouse emissions and commitment of various organizations towards sustainable development are anticipated to further motivate end users to ensure strict adherence to guidelines and regulations. The use of vapour recovery units helps these manufacturers meet these standards of emissions.
  • North America and Western Europe are anticipated to hold substantial share in the market. The prominence of potential VRU manufacturers in these regions will spur market growth.

Vapour Recovery Unit Market: Competitive Landscape

The vapour recovery unit market is highly fragmented, with the presence of numerous players across the globe. Different players in the market have substantial sales footprint in specific regions. These players include John Zink Company LLC, Zeeco Inc., and Gardner Denver Holdings Inc. Key players are adopting market strategies such as sales channel development, business partnerships with prominent players, as well as development of more advanced and efficient products that can meet emission standards.

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VAPOUR RECOVERY UNITS MARKET TAXONOMY

The global vapour recovery units market is segmented in detail to cover every aspect of the market, and present complete market intelligence to readers.

Technology

  • Membrane Separation
  • Adsorption
  • Condensation
  • Absorption

Application

  • Marine Loading
  • Truck Loading
  • Railcar Loading
  • Pipelines
  • Storage Tank Vents

Process

  • Upstream
  • Downstream

End Use

  • Oil & Gas Compressors
  • Landfills
  • Brewery and Food Processing
  • Others

Region

  • APAC
  • Americas
  • Europe
  • MEA

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Know More About Vapour Recovery Unit Market Report

The research report provides analysis of sales by total volume (Units) and value (US$ Mn), with the market being bifurcated according to technology, application, process, and end use, across four regions. The report also includes global competition analysis with the sales footprints of key players, regional competition landscape, and competition dashboard, and provides a competition analysis section that includes market footprint analysis, structure analysis, competition development, competition dashboard, and other crucial information about global and regional players in the vapour recovery unit market.

Future Market Insights also includes forecast factors such as GDP forecast, oil and gas industry upstream production, downstream production, as well as developments and technology advancements by market participants.

Petroleum Liquid Feedstock Market Competitor Analysis, Winning Strategies and Growth Drivers 2027

In a recently released research intelligence outlook, Future Market Insights forecasts high value-low growth landscape for the global petroleum liquid feedstock market over the course of next few years. The global revenue through consumption of petroleum liquid feedstock will reportedly reach around US$ 270 billion in 2019, demonstrating an estimated yearly revenue growth of 3.6% over that attained in 2018.

A steady upsurge in the demand for petroleum liquid feedstock is expected in coming years owing to a positive expansion outlook reflected by the global petrochemicals industry.

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Growing Feedstock Applications in Chemicals & Automotive Industries

Mounting consumption of motor fuels and other prominently sold end products such as aromatics, olefins, solvents, and gasoline is primarily driving the revenue of petroleum liquid feedstock at a global level. Applications in aromatics currently account for over 50% revenue share, whereas olefins are positioned by the report as an attractive segment in petroleum liquid feedstock landscape.

With soaring uptake of aromatics by chemicals industry stakeholders, it is most likely that the demand for petroleum liquid feedstock, the key component used during the manufacturing of aromatics, will also witness a strong hike in the near future. Besides chemicals industry, the automotive industry has also been a creating significant revenue generation opportunities for manufacturers of petroleum liquid feedstock.

“With a dramatically expanding vehicular fleet and the subsequent demand growth in motor fuels and gasoline, it is most likely that the consumption of petroleum liquid feedstock would experience high growth over upcoming years,” states a senior market research analyst at FMI.

Key Manufacturers Enlarging Naphtha Production Capacities

Refinery processes tend to produce higher proportions of naphtha compared to that of gas oil, which enables the former to retain top ranking segment in the market on the basis of type of petroleum liquid feedstock.

Naphtha consumption currently accounts for a whopping 91% share in the global petroleum liquid feedstock market value; the report however projects that gas oil would gradually emerge as an attractive segment over the years.

A majority of industry giants have been concentrating on increasing their naphtha production capacities by strategizing on production plants expansion across multiple geographical markets. Manufacturers based in Middle Eastern countries have been observed to have augmented their naphtha production recently.

However, with growing availability of low-priced substitutes for petroleum liquid feedstock such as propane and ethane, the naphtha space has been witnessing an oversupply scenario.

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China Slated for Maximum Market Attractiveness in Coming Years

With more than 71% market value share held collectively, petroleum liquid feedstock market in China, Europe, and Asia Pacific (excluding Japan) are likely to demonstrate notable expansion over coming years. Considerable rise in the automotive production and sales across Europe, China, and other Asian economies remains a key driving force pushing the consumption of petroleum liquid feedstock across these regions.

China however is forecast to emerge as the most lucrative market for manufacturers of petroleum liquid feedstock, and the report estimates around 4% yearly growth in China’s market value, in 2019. Moreover, Asian market for petroleum liquid feedstock still continues to face consequences of a severe demand-supply gap that is likely to trigger increased export from Europe and present multiple business opportunities for leading manufacturing companies.

Fragmented Market Landscape to Witness a Growing Focus on Capacity Expansion

In a fairly fragmented competitive landscape of the global petroleum liquid feedstock market, the Tier 1 players account a mere revenue share of 25-35%.

Prominent companies such as TOTAL S.A., BP p.l.c, Royal Dutch Shell plc, Exxon Mobil Corporation, China Petroleum & Chemical Corporation, and China National Petroleum Corporation continue to remain top performers.

The report indicates that a majority of Tier 1 players are currently focusing on petroleum liquid feedstock production expansion, in addition to the integration of the production of other end products with that of petroleum liquid feedstock.

Whereas, the Tier 2 companies, including Idemitsu Kosan Co. Ltd., Flint Hills Resources, and YPF, and other smaller local players collectively hold the lion’s share in the market in terms of revenue.

Petroleum Liquid Feedstock Market: Segmentation

Type

  • Naphtha
  • Gas-Oil

Application

  • Aromatics
  • Olefins
  • Urea

Region

  • North America
  • Latin America
  • Europe
  • China
  • APEC
  • MEA

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Key Questions Answered in the Petroleum Liquid Feedstock Report

  • How has the petroleum liquid feedstock market evolved in the past four years?
  • What shape is the petroleum liquid feedstock market expected to take in terms of volume and value during the study period?
  • What are some of the prevailing market dynamics in the petroleum liquid feedstock market?
  • What are the competition developments and trends in the petroleum liquid feedstock market?
  • What are some of the underlying macro-economic and industry factors impacting the growth of the petroleum liquid feedstock market?
  • What are the key challenges, opportunities and improvement factors for the petroleum liquid feedstock market players?

About Future Market Insights (FMI)

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

Contact:
Future Market Insights,
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Plot No: JLT-PH2-X2A,
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United Arab Emirates
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