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FMI delivers key insights on the global pallet trucks market in its report entitled ‘Pallet Trucks Market: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028’ The market value growth of the global pallet trucks market will remain attractive as the market is expected to grow continuously at the at a CAGR of 6.8% in terms of value during the forecast period 2018 – 2028. In the report, average volume per year from pallet trucks has been expressed in volume (‘000 units).

Based on control, the electric segment is expected to register attractive growth over the forecast period, while the manual segment is poised to dominate in terms of volume. Based on design type, the silent and weighing segment will gain market share penetration during the forecast period.

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The annual revenue from pallet trucks globally is valued to be US$ 29,734.6 Mn by the end of 2018, which is further expected to grow at a steady pace over the years. The dominating regions, i.e. North America, China and Western Europe, are collectively to account for majority share in the global pallet trucks market. These regions are likely to dominate the global market over the forecast period.

Global Pallet Trucks Market Dynamics

End users are interesting manufacturers to develop pallet trucks that are more cost efficient and offer better operability for a wider range of applications. As a result, manufacturers are developing pallet trucks incorporated with additional features, making them safer and interactive to use along with other features, such as comfort and digitalisation. The major contribution in end use will be created by wholesale distribution, owing to the boom in the e-commerce market.

Market players are focusing on this segment and are launching new models for warehouse specific applications. As technology continues to grow, pallet trucks will continue to become more energy efficient. In addition, innovative features that are being adopted focussing on enhancing riders’ comfort and protection will become essential components of all kinds of Pallet Trucks. The low replacement rate is expected to hinder the growth of the pallet trucks market. However, the replacement of fuel powered to electric pallet trucks is likely to gain pace in the coming years.

Global Pallet Trucks Market Forecast

Based on control, Future Market Insights suggests that the electric segment will drive the overall market as end users will shift towards opting for environment-friendly vehicles.  Based on type, silent pallet trucks will be an attractive segment for retail stores that require low noise during operations. Among end users, the wholesale distribution segment accounts for a significant value share. In terms of volume, the manufacturing segment is expected to grow at attractive CAGR over the forecast period.

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This China pallet trucks market will dominate the global pallet trucks market, due to the huge consumer goods market in the country. The market has huge potential in China owing to the high demand for pallets from consumer good wholesalers, manufacturers, and transportation service providers. The Western Europe pallet trucks market will be a target market for market participants looking to penetrate in the electric segment. Latin America and MEA are estimated to grow with above average CAGRs respectively over the forecast period. South Africa is expected to hold a major revenue share in the MEA Pallet Trucks market over the forecast period.

Market Segmentation

Based on control, the market is segmented into,

• Manual
• Semi Electric
• Electric
• Diesel
• Compressed Natural Gas (CNG)
• Others

Based on type, the global market is segmented into,

• Standard
• Quarter
• Silent
• Weighing
• Scissor

Based on load capacity, the market is segmented into,

• Below 2000 KG
• 2000-4000 KG
• 4000-6000 KG
• Above 6000 KG

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The fourth section includes the analysis of the market based on end use and it is segmented as,

• Food & Beverage
• Retail Stores
• Wholesale Distribution
• Freight & Logistics
• Manufacturing
• Others

Global Pallet Trucks Market Competitive Landscape

Examples of some of the market participants in the global pallet trucks market reportinclude Toyota Industries, KION Group, Jungheingrich AG, Goscor Lift Trucks, Hyster Company, Hyundai Heavy Industries, Liftek FZC, Linde Material Handling, Thermote & Vanhalst Group, Nido Machineries Pvt Ltd, Nilkamal Limited, Pr Industrial S.r.l., Presto Lifts Inc. and others.

Growing need for reverse osmosis pumps in the residential and commercial sectors has led to increasing demand in the market. Oil and gas, power generation, and manufacturing industries are exhibiting for reverse osmosis pumps.

FMI predicts healthy growth in the oil and gas industry in economies such as China, India, the Middle East, and Africa. Expansion of the industry will create prospects for growth in the market. This is because reverse osmosis pumps are used to ensure accurate and repeatable transportation and filtration to minimise total dissolved solids (TDS) in oil and gas applications.

Desalination plants around the globe are leading customers of high capacity, high-end reverse osmosis pumps. Reverse Osmosis (RO) systems are widely accepted on the offshore platform and vessels to provide low TDS (total dissolved solids) water for better oil recovery.

Water filtration is imperative for the commencement of industrial processes. Considering this, the demand for reverse osmosis pumps have considerably risen in recent years. To meet the increasing demand, manufacturers are planning to build new manufacturing units or expand existing infrastructure and production capacities.

Demand for reverse osmosis pump slumped in 2020 because of the COVID-19 pandemic. However, the filtration unit of the domestic and commercial segments of the market were not affected hard owing to requirements for drinking water on a global scale. Despite the risk of stimulus for bottled water in many countries, the market’s long-term outlook remains optimistic.

Key Takeaways from Market Study

• Centrifugal reverse osmosis pump will hold over nine-tenths of the market share in 2021.
• Booster pumps are projected to hold over four-fifth of the overall market share as the leading pump type by 2031-end.
• The market in the India is projected to expand at a CAGR above 15%, supported by investments into industrialisation.
•  The U.S. market is projected to grow at a CAGR nearly 6% CAGR through 2031, supported by presence of mature manufacturing infrastructure and water filtration sector.
• The markets in China and Turkey will surge at around 7% CAGR over the next ten years, driven by the rising demand from industrial end users.

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“Investments in municipal water and wastewater sectors in emerging countries are projected to grow at higher pace as compared to developed countries, owing to higher scope for economic growth, demographic changes, and the need to catch up with basic infrastructure requirements, which will drive reverse osmosis pump sales through 2031,” says a Future Market Insights analyst.

Competitive Landscape

The market is highly consolidated, with key players accounting for over one-fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to gain competitive advantage.

Some of the key players in this industry include, but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, and Kubota Corp.

2016-2020 Reverse Osmosis Pump Market Outlook Compared to 2021-2031 Forecast

Increasing need for industrial RO filtration units for separating contaminants such as pesticides, fluorides, bacteria, and arsenic drives demand. The reverse osmosis pumps market will grow at 8.9% CAGR between 2021 and 2031 compared to the 3.2% CAGR registered during 2016 – 2020.

These pumps are used to filter out contaminants for water in industrial processes. Companies have introduced products, with better materials which protect the pump material from acidic water and other impurities.

The growth of reverse osmosis units in domestic and commercial applications is subsequently expected to create major demand for reverse osmosis pumps. Reverse osmosis systems address concerns such as coronavirus, protozoans, cysts, viruses and other microbial present in the water.

Reverse osmosis pumps are used in various commercial applications such as restaurants, coffee shops, and bars to ensure the required output of dispensers without compromising on quality. The entire reverse osmosis unit also controls the taste of the liquids by reducing acidity, and increasing the mineral concentration. The need for pure water, which is essential for the sterilization of kitchen areas is also increasing the awareness for reverse osmosis. The need for advanced pumps which adhere to the standards of food standard bureaus, is also driving the demand for reverse osmosis pumps.

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Find More Valuable Insights

The research report analyzes demand for reverse osmosis pump. The global reverse osmosis pump market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the market has been analyzed on the basis of product type, application, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

Analysts from FMI have showed the oil & gas sector applications are projected to be the primary revenue source, especially with the discovery of unconventional sources and processes such as shale and fracking.

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The Americas steel pipes market is likely to reflect steady, but moderate, growth, with growth in niche end-use sectors such as mining and automotive production. The industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, besides high costs associated with the production and installation of steel fixtures.

The study by FMI encompasses an overview of the sector, including prominent dynamics of the market. Some of the critical takeaways of the report include:

• The Americas steel pipes market was valued at 20.5 billion in 2019, driven largely by the demand from civil infrastructure and the oil & gas sector of the region.
• Carbon steel pipe products are major contributors to market revenue, with advantages in easier access and chemical and shock resistance over other steel pipe variants.
• Industrial applications, particularly in the oil & gas sectors, are generating greater demand than construction and mining sectors through 2030.
• The United States will remain a major market for steel pipes in the Americas, aided by a vast economy, characterized by steady growth in the past few years. Brazil is likely to reflect relatively positive prospects on the back of changes in government policy.

“The Americas have become a leading region in the production of oil and gas with unconventional resources such as shale gaining the spotlight. With several upcoming projects in the United States and Canada, demand for steel pipes in the region is expected to surge soon,” said a lead analyst at FMI.

Covid-19 Impact on American Steel Pipes Market

The coronavirus pandemic has been projected to be moderately affect the Americas steel pipes market. Lockdown restrictions on the manufacturing sector and the mining industry are expected to affect raw material supplies and logistics in the supply chain for the short term. Also, the negative effects of the outbreak on the global economy will hurt imports and exports disrupting supply chains.

End-use applications, particularly in the automotive and construction sectors, owing to compulsory social distancing regulations, are estimated to limit market growth. Also, the drop in demand is likely to result in shut down or limited operations at conventional production facilities, besides widespread layoffs.

The problems are likely to be compounded by reduced demand for crude oil, restricting expansion plans in the sector. Recovery is likely to be slow owing to continuing uncertainty over the duration of the pandemic.

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While the Americas steel pipes market is projected to flourish, albeit at a slow rate through 2030, steel pipe manufacturers are expected to face obstacles that will restrain the potential of growth in the long term.

For instance, the high costs of installation associated with steel pipes hinder adoption rates. In addition, the Americas steel pipes market will witness strong competition from alternative pipe materials such as plastic and iron, owing to cost advantages.

Steel pipe diameters are limited owing to major cost increases for larger sizes, which limits application for offerings developed by manufacturers.

Material type

• Carbon Steel
• Alloy Steel
• Stainless Steel

End Use

• Construction
  • Residential & Commercial
  • Civic Infrastructure
• Mining
• Municipal Water Supply and Treatment Utilities
• Industrial
  • Automotive
  • Chemicals & Petrochemicals
  • Oil & Gas Pipelines
  • Power Generation
  • Others (textile, pharmaceuticals)

Design

• Seamless
• Welded
  • SAW
  • ERW

Country

• Brazil
• Argentina
• Mexico
• Canada
• U.S.

Who is winning?

In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.

Some of the leading players in the industry include Arcelor Mittal, Tenaris, Gerdau S/A, American Cast-Iron Pipe Company Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation, among others.

However, by using the currently available corrosion control practices, only around 15% to 35% of the total cost of corrosion can be saved, which is between US$375 Bn–US$875 Bn.

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Increasing global cost of corrosion has resulted in a significant rise in the need for technologies related to its prevention, which is creating a demand for solutions such as cathodic protection. Essentiality of corrosion protection and control in industrial sectors, for the prevention of any catastrophic events, is a key factor underpinning growth of the cathodic protection market.

Cathodic protection is a globally used technique to control the corrosion of a metal surface in a harsh environment. Owing to the efficient and reliable corrosion protection technology, the cathodic protection market is estimated to grow at a significant rate during the forecast period, supported by the increasing demand for corrosion prevention technologies to minimize the direct cost of corrosion.

Cathodic Protection Market Key Research Findings

1. Cathodic protection market surpassed revenues worth US$ 4,000 Mn in 2017.
2. The cathodic protection market is expected to record a steady CAGR of nearly 6.0% through 2028, to exceed revenues worth US$ 7,000 Mn.
3. Regulatory framework continues to play an important role in the growth of cathodic protection market –
   • Government bodies such as the Environment Protection Agency, European Environment Agency (EEA), and United States Code of Federal Regulations (CFR), have imposed stringent regulations related to corrosion protection in industries.
   • According to the study of the National Association of Corrosion Engineers (NACE), titled ‘International Measures of Prevention, Application and Economics of Corrosion Technology (IMPACT),’ the costs associated with corrosion protection worldwide surpassed US$ 2,500 Bn in 2013, which was equivalent to 3.4% of the world’s GDP.
   • Some note that using currently available corrosion control practices, only around 15% to 35% of this total global cost of corrosion can be reduced, which is between only US$375 Bn to US$875 Bn. This will significantly affect the growth of the cathodic protection market.
4. Asia Pacific is projected to lead the global cathodic protection market, underpinned by the requirement for corrosion protection systems and services entailed by construction and infrastructure development activities, along with the maintenance activities associated with old structures.
5. Cathodic protection market will also witness significant growth opportunities in the Middle East & Africa, owing to surging demand from the industrial sectors, particularly in the oil & gas industry.
6. Cathodic protection through impressed current remains preferred among end-users. Revenues from the impressed current-based cathodic protection accounted for bulk shares of the market in 2018. Demand for impressed current cathodic protection remains undergird by increasing demand for corrosion protection for underground pipelines and sub-sea pipelines in suburban areas.

Cathodic Protection Market Analysis by Solution

By solution, the cathodic protection market has been categorized into products and services. The products segment can be further divided into anodes, power supplies, junction boxes, test stations, remote monitors, coatings, instrumentation, and others.

Services include inspection, design & construction, and maintenance. Leading players in the market provide almost all the products and services for cathodic protection to various end users.

Cathodic Protection Market Analysis by Type

By type, the cathodic protection market is segmented into galvanic (sacrificial anodes) and impressed current. The impressed current-based cathodic protection continues to hold bulk shares of the market, nearly 80%.

Demand for cathodic protection based on impressed current remains influenced by the high cost of alternative methods available for cathodic protection current.

Cathodic Protection Market Analysis by Application

By application, the cathodic protection market has been categorized into pipelines, storage facilities, processing plants, water & wastewater, transportation, building, and others.

Government regulations related to the corrosion protection of industrial infrastructures continue to influence growth of the cathodic protection market.

The more regulations are imposed, the more cathodic protection is required, and more accurate the testing and records need to be. This is expected to significantly boost growth of the cathodic protection market soon.

Cathodic Protection Market Analysis by Region

From a regional perspective, North America is a projected to be a prominent market, owing to significant pipeline integration in the oil & gas industry. Europe is projected to hold over one-fourth share of cathodic protection market.

The market in Asia Pacific is expected to expand to a relatively higher CAGR, owing to the increasing investments in the infrastructure development, and increased spending on the maintenance of existing infrastructure. China is expected to be the most lucrative market for cathodic protection, with sales projected to grow at a CAGR of over 7% during through 2028.

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Cathodic Protection Market: Vendor Insights

Key players operating in the cathodic protection market include Aegion Corporation, BAC Corrosion Control Ltd., Cathodic Protection Company, Cathodic Protection Management, Inc., Corrosion Protection Specialist Private Limited, Farwest Corrosion Control Company, Imenco AS, Matcor, Inc, MG Duff International Ltd, Perma-Pipe Inc., SAE Inc., Southern Cathodic Protection, Tecnoseal Group, The Nippon Corrosion Engineering Co., Ltd., and Nakabohtec Corrosion Protecting Co., Ltd.