Submersible Pump Market is poised to expand at a 5.1% CAGR over the forecast period 2021-2031 : FMI

[323 Pages Repor] The submersible pumps market is expected to register year-on-year growth at 4.6% in 2021, with the overall valuation totaling US$ 8.80 Bn in 2021. As per a recent analysis by Future Market Insights (FMI), sales of submersible pumps are expected to increase at 5.1% CAGR between 2021 and 2031.

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According to the study, the overall submersible pumps market valuation is forecast to top US$ 14.45 Bn by 2031. Borewell submersible pumps will remain highly sought-after. Meanwhile, the sales of open well submersible pumps will increase at a steady pace, exhibiting growth at a 5.7% CAGR between 2021 and 2031.

Base Year Value (2020A) US$  8.42 Bn Estimated Year Value (2021E) US$  8.80 Bn Projected Year Value (2031F) US$  14.45 Bn Value CAGR (2021-2031) 5.1% Collective Value Share: Top 3 Countries (2021E) 33.5%

In the last few years, water stress has been a leading concern across the world, which has, in turn, fuelled the demand for new water sources to fulfill the industrial as well domestic water needs. Wastewater treatment is becoming more popular around the world as means to relieve water scarcity, which is also driving the global submersible pumps markets.

Sales of submersible pumps were however dampened due to the outbreak of the COVID-19 pandemic. Disruptions in the supply chain and suspended production activities in the oil and gas sector resulted in stagnated demand for submersible pumps.

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Submersible pumps manufacturers are focusing on launching cost-effective and high-efficiency products to improve sales. Governments of emerging economies in Africa and Asia, particularly in countries such as India, China, and South Africa, are increasing efforts to improve access to drinking water in rural as well as urban areas, which in turn is benefiting the market.

“Initiatives undertaken by governments for wastewater management and encouraging the use of technologically-driven equipment in the agricultural sector are expected to spur the demand for submersible pumps,” said Future Market Insights analyst.

Key Takeaways:

By product type, borewell submersible pumps are expected to account for half of the global market in terms of revenue by the end of the forecast period. By head type, above 100 m pumps are expected to gain popularity over the forecast period owing to increasing demand for water distribution applications. By Application, demand from the municipal sector is anticipated to grow at 5.5% CAGR over the forecast period. East Asia has the leading share in terms of volume. However, Europe is projected to account for the highest value share. Industrialization in the emerging economies of Asia will increase the demand for submersible pumps over the forecast period. China and Japan will continue spearheading growth in East Asia.

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Competitive Landscape

Some of the key submersible pumps manufacturers include

Kubota Corporation, Wacke Neuson Group,  Atlas Copco, ABKSB SE & Co. KGaA, Xylem Inc.,Ebara Corporation, Grundfos, Sulzer AG, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd. Kriloskar Brothers Ltd., Flowserve Corporation.

The global submersible pumps market is fairly fragmented owing to the presence of several players across the globe. Moreover, the leading share in the market is accounted for by unorganized players which are estimated to be at around 50%-55%. Key market players are focusing on research and development to expand their product portfolio. Besides this, they are actively investing in mergers, acquisitions, and strategic collaborations to expand their global footprint.

European Wood Pellet Heating Systems Market is estimated to increase at a CAGR of ~3% during the forecast period of 2019-2029

A new market research report by Future Market Insights on the wood pellet heating systems market includes Europe industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the wood pellet heating systems market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the European wood pellet heating systems market is expected to experience substantial growth during the forecast period due to multiple driving factors, such as smart technologies & mobility heightening the attractiveness of wood pellet heating systems over conventional ones and limited emission of air pollutants.

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The European wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018 and is estimated to increase at a CAGR of ~3% during the forecast period of 2019-2029. This growth is majorly driven by the increasing consumption of wood pellet heating systems in commercial, residential, as well as industrial sectors.

europe wood pallets market pr

With the emergence of smart technologies and convenience trends among consumers, manufacturers of wood pellet heating systems are focused on incorporating advanced control panels and add-on features to their products to maintain innovation supremacy in the market, according to FMI’s analysis.

Rising Market Attractiveness of Nordic Countries

Italy is projected to carry a significant value share within the European wood pellet heating systems market because of the economic process of fossil fuels and federal environmental sustainability strategies. However, the Nordics region, followed by Benelux, is predicted to project lucrative growth within the European wood pellet heating systems market during the forecast period of 2019-2029. Denmark market is estimated to be prominent in Nordics, by holding ~20% of the market price share, and is predicted to stay prominent till 2029.

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Commercial Sector – Key End-use Area of Wood Pellet Heating Systems

The European wood pellet heating systems market has been segmented based on product, end-use, and countries such as Germany, Italy, France, the U.K., Spain, Nordics, Benelux, Russia, and the Rest of Europe.

  • On the idea of the product, a wood pellet stove is estimated to carry significant shares of the European wood pellet heating systems market in termof s importance. By the end of 2029, sales of wood pellet boilers are likely to require over the stove variants.
  • By end-use, the residential sector is projected to carry a significant share of the European wood pellet heating systems market. Residential adoption of wood pellet heating systems is predicted to be prominent across all countries, because of the increasing inclination towards biomass heating systems, advanced technologies, and optimum efficiency of wood pellet heating systems over conventional systems. However, the usage in the industrial sector, followed by commercial, is predicted to grow at a high CAGR.

Wood Pellet Heating Systems Market: Vendor Insights

The report lists some of the prominent market players, who are recognized as leaders in the European wood pellet heating systems market. Some of the key players in the European wood pellet heating systems market are

  • Ferroli S.p.A., BioCurve, ÖkoFEN Research and Development Ges.mbH, Linea Trovata, HAAS + SOHN OFENTECHNIK GMBH, Erwin KOPPE – Ceramic Heaters GmbH, Fröling GmbH, Biotech Energietechnik GmbH, KWB – Kraft und Wärme aus Biomasse GmbH, Gilles Energie- und Umwelttechnik GmbH & Co KG, Solarfocus GmbH, Windhager Zentralheizung GmbH, Guntamatic Heiztechnik GmbH, ETA Heiztechnik, HARGASSNER GmbH, and Burkhardt GmbH.

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The European wood pellet heating systems market is considered fairly fragmented with some players holding prominent shares of the market. These players are offering Wood pellet heating systems under several brands.

For additional insights on the wood pellet heating systems landscape, write to the analyst at press@futuremarketinsights.com

U.S. Land Survey Equipment Market is expected to rise at nearly 7.9% CAGR over the forecast period. : FMI

The global land survey equipment market is estimated to increase at a CAGR of over 6% through the next decade. A new research report by Future Market Insights (FMI) on the land survey equipment market thoroughly analyzes the land survey equipment market and also states a few key insights for the forecast period of 2021-2031.

[250+ Pages Report]  The land survey equipment market is expected to register year-on-year growth at 6.7% in 2021, with the overall valuation forecast to reach US$ 6.0 Bn. As per a Future Market Insights (FMI) analysis, sales of land survey equipment are expected to increase at 7.8% CAGR between 2021 and 2031.

According to the study, the overall land survey equipment market worth is expected to reach US$ 12.8 Bn by 2031. Level survey equipment systems are expected to remain dominant among products available. Meanwhile, the demand for global navigation satellite system (GNSS) land survey equipment will increase by 6.7% CAGR in 2021.

Technological advances and the consequently improving precision levels of land survey equipment continue to significantly uphold the market growth. In addition, the incorporation of enhanced safety features into newly innovated models of land survey equipment is likely to particularly benefit sales shortly.

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Based on product-wise analysis of the land survey equipment market, GNSS systems, total stations, and UAV are the equipment, holds substantial value shares in the global market. By the end of 2029, a similar trend is expected to prevail in the market with prominent applications for the aforementioned products in diverse end-use sectors.

While a majority of demand for land survey equipment is accounted for by the flourishing building and construction industry, the report opines that the contribution from the oil & gas as well as mining industries is highly likely to witness a steep rise in the course of coming years. The study also highlights that agricultural land surveys will remain an important contributor to the global demand for land survey equipment, particularly across developing regions.

Flourishing Growth Prospects in Asian Markets

FMI’s market analysis based on industry verticals reveals that the construction industry will account for a leading share in terms of demand for land survey equipment, at a global level. The mining industry is expected to hold a trivial share in the market in countries, such as Russia, China, and Australia, which register a sizable share in global mining production. Also, the oil & gas industry will see an upsurge in East Asia and downstream production in the Middle Eastern region.

While East Asia is expected to account for a decent share, it also has been listed as a region with prominent prospects for the future growth of the market. Heavy upstream oil and gas production and increased mining exploration in the region are expected to provide a robust sales perspective for the market.

The South Asia region is likely to have substantial growth on the back of heavy construction commencements in the market of India and Malaysia. The growth in the aforementioned countries will be in the public as well as private construction segments.

Land Survey Equipment Market: Vendor Insights

Key market players operating in the global land survey equipment market are

Trimble Inc, Topcon Positioning Group, Robert Bosch, Hexagon, South Surveying & Mapping Instrument Co., Ltd., Stonex Srl, Nikon, Shanghai Huace Navigation Technology Ltd., Survey Copter, PASI Srl, Geotrax International Products, KSA Land Surveyors Company, Dahle, and several others.

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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 offers comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery used across the manufacturing sector. The team also conducts distinctive analyses 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 industries.

LAND SURVEY EQUIPMENT MARKET TAXONOMY

By Product Type:

  • GNSS
  • Theodolite
  • Level Equipment
  • Total Station
  • Laser Scanning
  • UAV
  • GIS Asset Collection
  • Data Collectors

By Application:

  • Inspection
  • Monitoring
  • Volumetric Calculation
  • Layout Points

By End Use:

  • Oil & Gas
  • Construction
    • By Government
    • By Non-Government
  • Mining
  • Agriculture
  • Others

By Region:

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

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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.

Continuous freezers segment is expected to be the largest segment, expanding at 4.8% CAGR during the forecast period : FMI

Future Market Insights (FMI) has predicted the ice cream processing equipment sales to grow at over 3.7% CAGR in the next ten years, reaching a market valuation of US$ 2.1 Bn through 2021 & beyond.

With the increasing consumption of ice cream and other dairy products, the manufacturing of automated ice cream machinery has increased. Evolving eating habits and demand for innovative flavors of ice cream have compelled manufacturers to switch to advanced automated ice cream manufacturing machinery.

Following the outbreak of COVID-19, the market registered year-on-year (YoY) growth at 3.5% CAGR during 2020-21.

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Relaxation of stringent restrictions imposed during the pandemic has helped in the gradual recovery of the food sector. This is expected to bode well for the global market.

During the FQ-20, surging demand from consumers for packaged ice cream and desserts has helped the market to sustain growth. In the following years, growth will continue on account of the increasing demand for low-fat and organic ice cream.

Backed by this, the market is expected to reach a shipment of 56,000 units during the forecast period.

Key Takeaways from FMI’s Ice cream Processing Equipment Market Study

  • In terms of product type, the hard ice cream processing equipment segment is expected to lead the market
  • The continuous freezers segment is expected to be the largest segment, expanding at 4.8% CAGR during the forecast period
  • Molding equipment is expected to register the fastest growth based on equipment type, followed by the extrusion equipment
  • India is expected to witness high growth owing to the increasing demand for natural and organic flavored ice cream
  • China is expected to be one of the most lucrative countries in East Asia for the ice cream processing equipment market
  • The U.S. is anticipated to retain its dominance, registering steady growth at over 3.6% CAGR during the forecast period
  • Italy and Germany are identified as key producers and will spearhead the growth of Europe’s ice cream processing equipment market
  • South Korea and Japan, collectively, are expected to register growth at 4% CAGR in 2021

Increasing consumption of ice cream, technological advancements and growing urbanization in developing economies including India and China are expected to create lucrative growth opportunities in Asian countries,” says the FMI analyst

Vendor Landscape

The global ice cream processing equipment market is highly fragmented owing to the presence of numerous local and established players.

Future Market Insights has identified some key players in the market such as ROKK Processing Ltd, Tetra Pak Processing Equipment GmbH, Gram Equipment A/S, CARPIGIANI GROUP, Guangzhou Guangshen Electric Produce Co., Ltd, and Nanjing Puyuan Ice Cream Machinery Manufacturing Co., Ltd among others.

Leading players in the market are establishing new plants and introducing new products to gain a competitive edge in the industry. Forming alliances with key companies and local players is another strategy adopted by key manufacturers to sustain their position.

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For instance, in June 2021, ice cream producer Dreyer’s Grand Ice Cream announced the expansion of its two production lines for Drumstick Products. The company announced the investment of US$ 145 million of its new plant in Indiana, U.S.

Also, according to Future Market Insights, Tetra Pak is one of the leading players dominating the ice cream processing equipment market. Tetra Pak specializes in complete solutions for processing, packaging, and distributing food products, especially popular for ice cream and cheese products.

A few years back Tetra Pak launched a high-capacity extrusion line most efficient solution for the large-scale production of ice cream sticks and sandwiches. This company has the most and highest efficient continuous freezer and high precision cutting equipment that guarantees a uniform product with high stability and effective temperature control at every stage, perfecting the product thickness.

As per FMI, currently, Tetra Pak holds the majority of the ice cream processing equipment market share of over 7% and is dominating the global market.

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Ice Cream Processing Equipment Market by Category

By Equipment Type:

  • Mixing Equipment
  • Continuous Freezers
  • Filling Freezers
  • Homogenizers
  • Extrusion Equipment
  • Molding Equipment

By Product Type:

  • Soft Ice Cream Processing Equipment
  • Hard Ice Cream Processing Equipment

By Operation:

  • Automatic
  • Semi-Automatic

By Region:

  • Americas
  • Greater China
  • Europe & Central Asia
  • southeast Asia & Oceania
  • Middle East & Africa

 

 

Future Market Insights (FMI) has predicted the ice cream processing equipment sales to grow at over 3.7% CAGR in the next ten years, reaching a market valuation of US$ 2.1 Bn through 2021 & beyond.

With the increasing consumption of ice cream and other dairy products, the manufacturing of automated ice cream machinery has increased. Evolving eating habits and demand for innovative flavors of ice cream have compelled manufacturers to switch to advanced automated ice cream manufacturing machinery.

Following the outbreak of COVID-19, the market registered year-on-year (YoY) growth at 3.5% CAGR during 2020-21.

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Relaxation of stringent restrictions imposed during the pandemic has helped in the gradual recovery of the food sector. This is expected to bode well for the global market.

During the FQ-20, surging demand from consumers for packaged ice cream and desserts has helped the market to sustain growth. In the following years, growth will continue on account of the increasing demand for low-fat and organic ice cream.

Backed by this, the market is expected to reach a shipment of 56,000 units during the forecast period.

Key Takeaways from FMI’s Ice cream Processing Equipment Market Study

  • In terms of product type, the hard ice cream processing equipment segment is expected to lead the market
  • The continuous freezers segment is expected to be the largest segment, expanding at 4.8% CAGR during the forecast period
  • Molding equipment is expected to register the fastest growth based on equipment type, followed by the extrusion equipment
  • India is expected to witness high growth owing to the increasing demand for natural and organic flavored ice cream
  • China is expected to be one of the most lucrative countries in East Asia for the ice cream processing equipment market
  • The U.S. is anticipated to retain its dominance, registering steady growth at over 3.6% CAGR during the forecast period
  • Italy and Germany are identified as key producers and will spearhead the growth of Europe’s ice cream processing equipment market
  • South Korea and Japan, collectively, are expected to register growth at 4% CAGR in 2021

Increasing consumption of ice cream, technological advancements and growing urbanization in developing economies including India and China are expected to create lucrative growth opportunities in Asian countries,” says the FMI analyst

Vendor Landscape

The global ice cream processing equipment market is highly fragmented owing to the presence of numerous local and established players.

Future Market Insights has identified some key players in the market such as ROKK Processing Ltd, Tetra Pak Processing Equipment GmbH, Gram Equipment A/S, CARPIGIANI GROUP, Guangzhou Guangshen Electric Produce Co., Ltd, and Nanjing Puyuan Ice Cream Machinery Manufacturing Co., Ltd among others.

Leading players in the market are establishing new plants and introducing new products to gain a competitive edge in the industry. Forming alliances with key companies and local players is another strategy adopted by key manufacturers to sustain their position.

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For instance, in June 2021, ice cream producer Dreyer’s Grand Ice Cream announced the expansion of its two production lines for Drumstick Products. The company announced the investment of US$ 145 million of its new plant in Indiana, U.S.

Also, according to Future Market Insights, Tetra Pak is one of the leading players dominating the ice cream processing equipment market. Tetra Pak specializes in complete solutions for processing, packaging, and distributing food products, especially popular for ice cream and cheese products.

A few years back Tetra Pak launched a high-capacity extrusion line most efficient solution for the large-scale production of ice cream sticks and sandwiches. This company has the most and highest efficient continuous freezer and high precision cutting equipment that guarantees a uniform product with high stability and effective temperature control at every stage, perfecting the product thickness.

As per FMI, currently, Tetra Pak holds the majority of the ice cream processing equipment market share of over 7% and is dominating the global market.

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Ice Cream Processing Equipment Market by Category

By Equipment Type:

  • Mixing Equipment
  • Continuous Freezers
  • Filling Freezers
  • Homogenizers
  • Extrusion Equipment
  • Molding Equipment

By Product Type:

  • Soft Ice Cream Processing Equipment
  • Hard Ice Cream Processing Equipment

By Operation:

  • Automatic
  • Semi-Automatic

By Region:

  • Americas
  • Greater China
  • Europe & Central Asia
  • southeast Asia & Oceania
  • Middle East & Africa

Global backflow preventer market is expected to exhibit 3.7% CAGR between 2021 and 2031 : FMI

Backflow preventer sales are set to reach US$ 367.4 Mn in 2021 with a stable long-term projection, as per the latest insights from Future Market Insights (FMI), ESOMAR-certified research and consulting firm. Demand for backflow preventers waned in 2020 due to the recessionary effects of COVID-19 on construction activities, resulting in the deceleration of backflow preventers sales. However, barring a few countries, the water infrastructure development activities have resumed at a healthy rate post Q2 of the financial year. With the sector undergoing a recovery mode, the immediate, as well as long-term growth outlook of the backflow preventers market, remains positive.

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Reduced pressure zone-type backflow preventers are expected to lead the market in terms of market value during the forecast period. The segment is expected to hold dominant market share by value throughout the forecast period. This can be attributable to advance operations offered by the category. Their high cost also contributes towards overall revenue generation in the market. Although, in terms of volume, atmospheric vacuum breakers and pressure vacuum breakers are anticipated to lead the market.

A considerable increase in government norms and regulations for the plumbing industry is expected to create growth opportunities. The increasing inclination towards reduced pressure zone backflow preventers in developed and developing countries across the globe is expected to drive the market.

Key Takeaways from Backflow Preventers Market Study

  • The global backflow preventer market is expected to exhibit 3.7% CAGR between 2021 and 2031
  • The U.S. is projected to account for over 75% of sales in North America, thanks to increasing residential construction
  • Increasing focus on wastewater treatment will enable the U.K. to register 1.9% y-o-y growth in 2021
  • Increasing construction activities will drive growth in Germany and France
  • Increasing government spending towards wastewater treatment will drive growth in Japan and South Korea

“Stringent laws implemented to ensure safe drinking water are expected to give impetus to the backflow preventer market. In addition to this, innovation of new connected backflow preventers will enable the market gain momentum at a steady pace through the forecast period. Competitive price offering, increase in end user satisfaction in terms of performance, and use of advanced technologies are some of the key strategies implemented by manufacturers operating in the market,” says FMI analyst.

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Competitive Landscape

The backflow preventers market is understood to be fairly consolidated, with key players accounting for nearly 60% of the overall market value share. These players are likely to invest in new technology developments and the expansion of their networks to maintain their market shares.

Some of the key players in the market are

  • Honeywell International Inc,
  • Rexnord Corporation,
  • Conbraco Industries Inc.,
  • Watts Water Technologies Company,
  • Emerson Electric Co.,
  • Caleffi S.p.a.,
  • W.W. Grainger, Inc.,
  • A.R.I. Flow Control Accessories Ltd,
  • BEULCO GmbH und Co. KG and others.

The backflow preventer market is estimated to witness sound growth during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of water management that meet the personalized requirements of consumers. Collaboration, mergers, and acquisitions with regional companies are some of the key strategies market players are likely to focus on to gain a competitive edge.

Backflow preventers Market by Category

Product Type

  • Atmospheric Vacuum Breaker
  • Pressure Vacuum Breaker
  • Double Check Valve Assembly
  • Reduced Pressure Zone

Material Type

  • Stainless Steel
  • Plastic
  • Ductile Iron
  • Bronze
  • Other Materials

End-Use

  • Residential
  • Commercial
  • Industrial
    • Sprinkler & Irrigation
    • Water & Wastewater
    • Chemical Processing

Region

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

Valuable Insights into Backflow Preventers Market

Future Market Insights brings the comprehensive research report on the backflow preventers market. The study provides compelling insights into the market on basis of various segments. It studies the market in terms of product type (atmospheric vacuum breaker, pressure vacuum breaker, double check valve assembly, and reduced pressure zone), material type (stainless steel, plastic, ductile iron, bronze, and other materials), and end-use (residential plumbing, commercial plumbing, and industrial) across seven regions.

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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 offers comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery used across the manufacturing sector. The team also conducts distinctive analyses 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 a budding industry

Unbleached hardwood Kraft Pulp Market : Notable Developments & Geographical Outlook 2021 to 2028

Across the globe, the demand for paper packaging products is increasing day by day due to widespread ban on the plastic packaging products. Leading global brands have already shifted their packaging demand from plastic to paper. The primary focus of government authorities is to curb waste generated by the single use plastic packaging products such as carry bags, food-service disposables, etc. Therefore, it is noticed that several measures have already been taken by these authorities to ban single-use plastic products. The packaging companies are investing a large sum of money on research and development activities to develop a product that offer optimum protection and storage conditions to protect a product in transit. The production of kraft pulp includes placing a chip of wood in pressurized vessel in the presence of sodium sulfide and hot caustic soda. The process of cooking dissolves phenolic material i.e. lignin that glues to the wood fibers. Bleached and unbleached hardwood kraft pulp is generally used to manufacture tissue papers, specialty papers, and woodfree coated and uncoated printing & writing papers. Some of the most important properties that need to be considered while manufacturing unbleached hardwood kraft pulp are species, age, density, moisture content, and the time that has elapsed after the cutting process of trees. Increasing focus of manufacturers toward achieving technological advancements and process optimization in the global unbleached hardwood kraft pulp market will in turn create a lasting impact in the packaging industry.

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Unbleached hardwood Kraft Pulp Market: Market Dynamics

The products that are manufactured with unbleached hardwood kraft pulp are gaining strong foothold in the developed as well as in developing countries. With the increase in demand for paper-based packaging products, the demand for unbleached hardwood kraft pulp is also expected to witness continuous rise in the coming years. However, the unbleached hardwood kraft pulp provides less strength than softwood pulp made up of same pulping process. Therefore, the demand for unbleached hardwood kraft pulp could be outpaced by softwood kraft pulp in the coming years. Unbleached hardwood kraft pulp manufacturers face numerous challenges while manufacturing the pulp as the process is energy intensive and requires special attention and skilled workforce. The recent trend noticed in the unbleached hardwood kraft pulp market is the automation of existing facilities with the integration of artificial intelligence to streamline the manufacturing process. Machinery suppliers are engaged in research and development activities to help producers overcome manufacturing challenges.

Unbleached hardwood Kraft Pulp Market: Regional Overview

On the basis of region, the Unbleached hardwood Kraft Pulp market is segmented as North America, Latin America, Eastern Europe, Western Europe, APEJ (Asia-Pacific Excluding Japan), Middle East & Africa, and Japan. The Asia-Pacific region dominates the unbleached hardwood kraft pulp market in terms of consumption. However, the Europe and North America region account for largest market share in terms of production of unbleached hardwood kraft pulp globally. The India and China offer significant growth opportunities in the market with the increasing consumption of paper based packaging products. The pulp and paper industry is expected to grow continuously in next decade in emerging economies of Asia-Pacific and Latin America region. Currently, in MEA, the demand for unbleached hardwood kraft pulp is largely fulfilled through imports from European region. However, the shifting focus of local entrepreneurs to venture into new businesses will drive high growth in unbleached hardwood kraft pulp market. It is noticed that the South East Asian countries also offer untapped growth potential in the global unbleached hardwood kraft pulp market.

Unbleached hardwood Kraft Pulp Market: Market Players

Some of the key players in the unbleached hardwood kraft pulp market are Westrock Company, Canfor Corporation, Arbros Group, International Forest Products LLC, Stora Enso Oyj, International Paper Company, Mondi Group, and Metsä Fibre Oy.

The Unbleached hardwood Kraft Pulp Market 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 Unbleached hardwood Kraft Pulp Market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The Unbleached hardwood Kraft Pulp Market report also maps the qualitative impact of various market factors on market segments and geographies.

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Unbleached hardwood Kraft Pulp Market: Regional analysis includes:

  • North America Unbleached hardwood Kraft Pulp Market
  • Latin America Unbleached hardwood Kraft Pulp Market
  • Western Europe Unbleached hardwood Kraft Pulp Market
  • Eastern Europe Unbleached hardwood Kraft Pulp Market
  • Asia Pacific excluding Japan (APEJ) Unbleached hardwood Kraft Pulp Market
  • Japan Unbleached hardwood Kraft Pulp Market
  • Middle East & Africa (MEA) Unbleached hardwood Kraft Pulp Market
Unbleached hardwood Kraft Pulp Market: Market Segmentation:

Unbleached hardwood Kraft Pulp Market Segmentation: By Grade Type:

  • Chemical Pulp
  • Semi-Chemical Pulp
  • Mechanical Pulp

Unbleached hardwood Kraft Pulp Market Segmentation: By Application

  • Sack Paper
  • Tissue Paper
  • Corrugated Material
  • Printing & Writing Papers
  • Specialty Kraft and Wrapping Papers

Unbleached hardwood Kraft Pulp Market Report Highlights:

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

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Chocolate Powdered Drinks Market 2021 Industry Research, Segmentation, Key Players Analysis and Forecast to 2027

Chocolate powdered drinks can be mixed with water or milk to prepare instant chocolate drinks. Water based chocolate powdered drinks are generally cold beverages which include soft drinks or energy drinks. Whereas milk based chocolate based drinks include chocolate drinks, protein shakes, cappuccino mixes. Chocolate powdered drinks can be served cold or hot form depends on consumer needs and wants. Chocolate powdered drinks are beneficial for health with good taste and flavor which attracts all age of consumers, especially kids, teenagers and youngsters consume it in large scale. Vigorous aspects of chocolate powdered drinks are low-cost production and have various health beneficial features to the end user. The potential growth of chocolate powdered drinks has a niche market as compared from tea and coffee globally. Chocolate powdered drinks are mainly consumed at breakfast. Due to hot and humid climatic region of the world, the cocoa market is facing a significant challenge for the overall market growth.

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Chocolate Powdered Drinks Market: Segmentation

Chocolate powdered drinks market is segmented on the basis of types, end users and distribution channel. On the basis of product type chocolate powdered drinks are segmented in dark chocolate powdered drink, milk chocolate powdered drinks, white chocolate powdered drinks. On the basis of end users chocolate powdered drinks is segmented in energy drinks, milk beverages, cappuccino mixes, protein shakes and chocolate drinks which can be served hot as well as cold and it also enhances the taste of the drinks, which attracts a large number of consumers. On the basis of distribution channel, the chocolate powdered drinks are segmented into supermarket/ hypermarket, convenience stores, Speciality stores, online and grocery stores. Among the distribution channel segment, hyper/supermarket segment contributes larger market share in terms of revenue. Increasing online purchasing of food and beverage is expected to drive market growth of online segment.

Chocolate Powdered Drinks: Region wise outlook

Depending on geographic regions, chocolate powdered drinks market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia-Pacific, Japan, and Middle East & Africa.  Africa, particularly West African countries (Ghana, Nigeria and Cameroon) produce 70% of the world’s cocoa, according to the World Cocoa foundation are the major producer of cocoa seeds. Brazil is the largest market for chocolate powdered drinks. The countries which are global leaders in cocoa products are Ghana, Belgium, The United Kingdom and Switzerland. The markets of the Middle East, North America as well as Asia-Pacific is rising in both consumption and production of cocoa products and growth is mainly expected from emerging markets such as China, India and Brazil.

Chocolate Powdered Drinks: Drivers

The growing impact of western culture, increasing disposable incomes of consumers, rising population  are the major factors to fuel the growth of global chocolate powdered drinks in Asia-Pacific region. Innovation in the field of chocolate powdered drinks with health benefits such as fortification with DHA, dry fruits, natural herbs , natural flavours, is driving the demand chocolate powdered drinks in Europe and North America. Organic chocolate powdered drinks remain rare and niche which may offer an opportunity for the entrants of several organic brands.

Chocolate Powdered Drinks: Key players

Some of the key participating players in chocolate powdered drinks globally are Mondelez, Nestlé S.A., Gatorade, Mars Inc., GlaxoSmithKline Plc, PepsiCo Inc., Kanegrade Ltd, and others.

Nestlé is the world market leader in chocolate powdered drinks. Nestlé S.A. has three brands of chocolate powdered drinks including Nesquik, Nescau, Dancow among these Nesquik is the world’s largest brand which presents varieties of products including canned foods, ice-cream, dairy, confectionery and chocolate powdered drinks, and the brand has a presence in more than 50 countries which holds a prominent position in chocolate powdered drink. This brand has high brand awareness globally. Mondelez also has a wide range of brand, including Cadbury Drinking Chocolate, O’Boy and organic variant Green & Black.

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The report covers exhaustive analysis on:

  • Chocolate Powdered Drinks Market Segments
  • Chocolate Powdered Drinks Market Dynamics
  • Chocolate Powdered Drinks Actual Market Size, 2013 – 2015
  • Chocolate Powdered Drinks Size & Forecast 2016 to 2025
  • Chocolate Powdered Drinks Supply & Demand Value Chain
  • Chocolate Powdered Drinks Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Chocolate Powdered Drinks Technology
  • Value Chain
  • Chocolate Powdered Drinks Market Drivers and Restraints

Regional analysis for Chocolate Powdered Drinks Market includes

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

Report Highlights:

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

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Underground Mining Equipment Market is estimated to grow at a CAGR of ~2% during 2019 and 2029.

Future Market Insights (FMI), in its new study, evaluates the ongoing developments in the underground mining equipment market and projects their impact on the growth of the market between 2019 and 2029. The study projects that the sales of underground mining equipment of worth ~US$ 14 Bn were recorded in 2018. However, the market value is likely to grow at a passive CAGR of 2.4% through 2029.

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Rising adoption of automatic underground mining equipment among manufacturers to sync with the ongoing trends in the ever-evolving mining industry is set to incur tech-driven transformations in this landscape, opines the study. In addition, stringent emission regulations regarding controlled diesel emission and personnel safety in the mining industry are likely to stimulate innovations that can enable dealing with the relentless pricing pressure more efficiently, and mitigate the environmental impacts of new-age underground mining equipment.

 Advanced techniques of mining and their impacts on various socio-economic factors have been a prolonged concern worldwide. The shift of a majority of miners from surface or open pit mining to underground mining has further amplified concerns vis-à-vis human safety and the environmental impacts.

Technology is emerging as the most efficient tool for introducing enhanced features in underground mining equipment, and FMI’s study examines the influence of advancements in technologies and other microeconomic factors on the growth of the underground mining equipment landscape.

Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2018 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO2), and Sulphur dioxide (SO2) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

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Visibly Growing Preference for ‘Rental’ over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

Key Segment

By Product Type

  • Mining Loaders
  • Mining Trucks
  • Mining Drills
  • Mining Bolters
  • Mining Shearer
  • Continuous Miners
  • Mining Excavators & Shovels
  • Mining Scalers
  • Others

By Mining Technique

  • Soft Rock Mining
  • Hard Rock Mining

By End Users

  • Mining Operators
  • Rental Service Provider

By Region

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

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FMI’s study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector. The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

CBRN Protection Equipment Market will exhibit a healthy CAGR of more than 5% during 2019 – 2029 : FMI

A new Future Market Insights (FMI) study suggests that the global CBRN (Chemical, Biological, Radiological and Nuclear) protection equipment market will exhibit a healthy CAGR of more than 5% during the forecast period of 2019 – 2029. Greater emphasis of governments on enhancing safety of military forces constitutes a major push to global sales of CBRN protection equipment.

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Increasing production of bioweapons, bio-agents, as well as chemical weapons has strengthened the demand for CBRN filtration systems, integrated COLPRO systems, and decontamination shelter systems. Demand for personal protective equipment such as gloves, boots, body suits, masks, and hoods is also rising, in line with rise in precautionary training practices.

Key Takeaways – CBRN Protection Equipment Market Study

  • Personal protection equipment will continue to be bestselling throughout the forecast period. The rising focus on safety among military personnel has enhanced demand in countries such as the U.S., Canada, Germany, France, Italy, Spain, and the U.K.
  • Demand for integrated COLPRO systems is anticipated to multiply, with rising requirement from developed economies such as the U.S., the U.K., and Germany.
  • Decontamination shelter systems would gain significant traction, which will drive CBRN protection equipment market growth.
  • With increasing CBRN attacks in developing economies, especially at airports, the demand for immediate response has enhanced the mandate for frequent CBRN protection training. Such CBRN training practices will further drive the global CBRN protection equipment market growth in following years.
  • Rising investments in nuclear reactor projects, especially in countries like Russia, India, UAE, Turkey, China, and South Korea are expected to bolster demand for CBRN protection equipment.
  • Rapid growth in production of chemicals and bio agents has resulted in greater demand for safety awareness. Regulatory bodies have formed numerous regulations to improve safety awareness among public, which is expected to fuel the growth of the CBRN protection equipment market.

CBRN threats are rising as a result of amplifying tensions between nations such as the U.S., Iran, and Syria, creating an opportunity for investments in CBRN protection equipment. The rising need for customized CBRN protection equipment is expected to drive market growth positively in the coming years.

Large-scale Regional Players Dominating Competition Landscape

The report offers essential insights into the competitive scenario and market structure analysis of the CBRN protection equipment market along with the strategies of prominent market participants. Some key participants mentioned in the CBRN protection equipment market report are 3M (Scott Safety), Ansell LTD, Honeywell, AirBoss of America Corp., Indra Systemas SA, MSA Safety Inc., HDT Global, Drägerwerk AG & Co. KGaA, and Avon Protection Systems, among others.

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Moreover, the global CBRN protection equipment market is competitive due to the presence of regional and large-scale players. However, it has been moving towards competitiveness, with contract acquirements and ongoing mergers and acquisitions of prominent players. Additionally, regional players in emerging markets are focusing on increasing value-addition in their product offerings at competitive pricing.

What Lies Ahead?

Political and geographical unrest between certain nations are increasing due to nuclear and bio threats, resulting in increased awareness of CBRN attacks as well as precautionary and preventive measures. The deployment of safety measures and investments in training practices are projected to enhance the demand for CBRN protection equipment over the forecast period.

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Know More About Inclusions of CBRN Protection Equipment Market Report

A new market research report published by Future Market Insights (FMI) on the global CBRN protection equipment market includes global industry analysis for 2014–2018 and opportunity assessment for the 2019–2029. The report provides insightful analysis of the global CBRN protection equipment market through four different categories – product type, category, end use, and region. The CBRN protection equipment market report details current installed base, product adoption across different applications, prevailing trends and technologies being adopted in the manufacturing of CBRN protection equipment, life cycle analysis, and pricing analysis by different types of products.

Bulk Material Handling System Market at an overall CAGR of 2% between 2021 and 2031.

As per Future Market Insights (FMI) analysis, the bulk material handling system market revenue is expected to reach US$5.1 Bn in 2021. Incorporation of remote user connectivity and interface in equipment and use of telematics based services by original equipment manufacturers (OEMs) will drive the market, yielding a year-on-year growth of 2.10% in 2021.

The global sales of bulk material handling system are forecast to grow from 13,000 units in 2021 to over 14,000 units by the end of 2031. FMI projects moderate growth for bulk material handling system market at an overall compound annual growth rate (CAGR) of 2% between 2021 and 2031.

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Bulk Material Handling System Market Historic Outlook In Comparison to 2021 – 2031 Forecasts

The demand for proper housing and infrastructural development is rising consistently, which will create prospects for expansion of the bulk material handling system market. According to FMI, the market exhibited a CAGR of 1.10% between 2016 and 2020.

Increasing mining activities will increase the demand for handling and transport of mined materials and equipment’s. As mining sector is growing in emerging economies, market players are focusing on penetrating these new markets with product launches and supply in such regions.

In October 2020, electric rope shovel from Komatsu Mining named “P&H 2300XPC” was delivered to a major Russian gold mine in Tenkinsky District of the Far East Magadan region. The excavator is used for stripping operations.

Market players are working towards integrating modern techniques like machine learning and automation with the material handling systems to gain the upper hand in this highly competitive market.

In 2021, Thyssenkrupp Industrial Solutions launched new autonomous bucket wheel stacker reclaimer and hybrid train load out station for handling bulk materials in shipping yards. They use artificial intelligence and automation to enhance bulk materials handling performance.

Increasing mining and construction activities due to rapid urbanization and surge in infrastructural projects is a prime factor driving the growth of the market. As per FMI, the market will rise at 2% CAGR between 2021 and 2031.

Key Factors Shaping Bulk Material Handling Systems Market

Increasing Infrastructural Projects to Create Lucrative Opportunities

With the rise in infrastructural projects and economic development worldwide, material handling equipment is gaining more acceptance. Rapid infrastructural development activities are creating a demand for construction and mining equipment with increased efficiency and productivity.

This fueling sales of heavy-duty off road vehicles for moving debris and other construction aggregate materials, as well as transport raw ore from one place to another efficiently. Construction sector is one of the major giant playing an important role in any countries economic development, and every country spends significantly for the same. Consequently, numerous players are aiming to enter this sector.

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Recovering Mining Industry to Support Market Growth

Mining, construction, and oil & gas industries have witnessed a significant decline during the first half of the decade. Geo-political factors, trade wars, unstable governments have affected these industries in various countries. The mining industry forms the crux of the economy in countries like Chile, Venezuela, and Peru.

Moreover, the mining industry accounts for 33% of the total energy consumption market globally. Recent trends have witnessed a resurgence of the mining industry in major countries. Moreover, a 53% rise in mining activities is anticipated in the next decade, which will led to an increase in demand for bulk material handling systems.

Bulk Material Handling Systems Market: Structure Analysis

The global bulk material handling systems market is estimated to be fragmented, owing to the number of players in the industry and also due to the prevalence of rental services at the global level.

In the global bulk material handling systems market, major shareholders are offering an extensive range of products, and have footprint in almost all the regions. On the other hand, rest of the competitors are engaged in offering a few bulk material handling system solutions with a limited presence.

Manufacturers operating in the bulk material handling systems market are focusing on business expansion through acquisitions to strengthen their market position.

In July 2017, FLSmidth entered into an agreement to acquire mining Systems operations of Sandvik AB, with an aim to expand its product offering and bulk material handling systems market reach.

In 2017, Hitachi Construction Machinery Co., Ltd. acquired Bradken limited, a major manufacturer and supplier of bulk material handling systems products for mining, transport, general industrial and contract manufacturing markets.

Major manufacturers in the bulk material handling systems market are Thyssenkrupp, Techint Group, FL Smidth, Hitachi Construction Machinery Co., Liebherr Group, IHI Transport Machinery Co., Ltd., Kawasaki Heavy Industries, Ltd., Komatsu, Sumitomo Heavy Industries Material Handling Systems Co., Ltd., L&H Industrial, Schenck Process Holding GmbH, Metso Corporation, Satake Corporation, Beumer Group, and Motridal S.p.A.

This list is indicative – full details about prominent bulk material handling system manufacturers is available upon request

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Key Segments Covered in Bulk material handling system Market Study:

Application

  • Mining
  • Packaging
  • Construction
  • Manufacturing
  • Sea Ports & Cargo Terminals

Equipment

  • Stacker
  • Stacker cum Reclaimer
  • Band Conveyor
  • Bucket Wheel Excavator
  • Stripping Shovel
  • Rope Shovel
  • Bucket Elevator
  • Ship Loader and Unloader

Region

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