Market Research Blog – Page 16033 – New Product Development

Nitric Acid Market is set to expand at a CAGR of 3% through the course of forecast period 2019-2029

Majorly driven by its application in agrochemicals and automotive industry, nitric acid will represent a modestly growing market at 3% CAGR during 2019 – 2029. Moreover, metallurgical and pharmaceutical industries will generate upward growth trend for nitric acid market through 2029, as per the projections of a new Future Market Insights (FMI) study. Nitrogenous fertilizers continue to accentuate the demand, particularly in developing countries, opines the FMI report.

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Key Takeaways of Nitric Acid Market Study

Role of nitric acid in formulating automotive composites using adipic acid continues to push market growth.
Agrochemical industry continues to thrive in developing countries, thereby contributing to overall market growth.
Agglomeration of leading manufacturers in developed countries such as Germany continues to supplement the growth of nitric acid market.
Growth of nitric acid market is fuelled by prevailing applications in photoengraving and etching of steel.
Nitric acid is gaining increasing significance in preparation of acids, drugs, perfumes and dyes, thereby propelling the market growth.
Environmental hazards associated with the usage of ammonium nitrate continues to stagnate the demand of nitric acid.

Key stakeholders in global nitric acid market must redesign and optimize their distribution and manufacturing networks while expanding operational footprint in developing regions to fortify their strategic advantage.

Europe Captures over 50% Revenue Share in Nitric Acid Market

Presence of esteemed players such as Bayer AG in Europe (Germany) is the growth engine of regional nitric acid market. Moreover, the end-use industries are well-established in this region. Adipic acid, formulated from nitric acid, is witnessing soaring demand in automotive industry as a preferred substitute for metal. Furthermore, nitric acid market in North America continues to pick pace in terms of consumption.

On the other hand, India, Japan and China remain growth cynosures of nitric acid market in Asia Pacific owing to perpetual demand in explosives and agriculture industries.

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Leading Players to Capitalize on Lucrative End-use Industries in Developing Countries

Key manufacturers in global nitric acid market continue to operate in fragmented competitive landscape. Major players profiled in this study include, but are not limited to, The Dow Chemical Company, Bayer AG, National Chemical Group, CF Industries, Eurochem Group, Agrium Inc., Potash Corp, The Chemours Company, and PVS Chemicals.

Greater proximity of production facilities to high-growth regions remains the key agenda of leading players. They intend to leverage the low labour cost without disrupting the logistics network. Emerging economies in Asia Pacific region offer profitable opportunities in variegated end-use industries of nitric acid. Moreover, relaxed regulatory requirements regarding the usage of ammonium nitrate fertilizer continue to stir up the regional demand.

More About the Report

FMI’s study offers an in-depth market forecast and analysis on the global nitric acid market. The major categories encompassed by the report include end-use (fertilizers, nitrobenzene, toluene diisocyanate, adipic acid, and metal processing), application (metallurgical industry, chemical and allied industries) across five regions (Asia Pacific, Latin America, Europe, North America, Middle East & Africa).

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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.

Ceiling Tiles Market Analysis and Forecasts 2021 – 2031 | TAISHAN GYPSUM CO. LTD, Zhejiang Xinwei Decorative Material Co. Ltd

ESOMAR-certified consulting firm Future Market Insights (FMI) has recently published a report on the global ceiling tiles market for the forecast period 2021-2031. According to the report, the market is expected to post impressive gains, expanding staggeringly at a CAGR exceeding 10% throughout the forecast period. Increasing construction and infrastructure development activities are spurring demand.

The market posed some lucrative gains in the historical forecast, surpassing US$ 26 billion in revenue as of 2018. Residential and commercial construction industries remain primary application areas for ceiling tiles. Modern ceiling tiles are also equipped with features such as acoustic and thermal insulation, attributes which shall greatly enhance prospects for key manufacturers.

A major trend gripping the ceiling tiles landscape is the drive towards attaining sustainability in construction. The advent of green buildings is a notable development in this regard, with key players emphasizing on attributes including sustainably sourced raw material as well as using recycled substances to manufacture their products. For instance, Celiume Tiles use 75% less raw material during the manufacturing process, and produces 98% post-industrial recycled tiles.

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Key Takeaways from FMI’s Ceiling Tiles Market Study

Mineral fiber/gypsum ceiling tiles to accounted for over two-fifths revenue share in 2020
Commercial applications to account for over nine out of ten sales through 2021 and beyond
By installation, drop/suspended ceiling tiles to enjoy heightened demand in forthcoming years
By form, laminated ceiling tiles are expected to surge in popularity, amid their ease of installation on light weight
US to generate attractive growth prospects, underpinned by a flourishing housing sector
Stringent government regulations to periodically upgrade ceiling material to spearhead UK market growth
Growing infrastructure development projects to spur sales across India and China

“Mounting environmental concerns are prompting key construction companies to incorporate environmentally-friendly ceiling tiles, providing ample opportunities for manufacturers to expand their product lines,” remarks the FMI analyst.

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Competitive Landscape

Prominent manufacturers are effectively deploying a slew of expansion strategies, ranging from customized product offerings to collaborations, mergers and other capacity expansion initiatives. The market is highly competitive, given the presence of a wide range of regional and global level players.

In October 2020, CertainTeed launched its Unified Ceilings Solution, a newly realigned ceilings resource focused on the commercial architecture and design industry. The initiative unites the full ceiling and wall product portfolios of CertainTeed, Hunter Douglas, Ceiling & Wall Products, Norton Industries and Decoustics under the umbrella of CertainTeed Architectural.

In March 2021, Rockfon LLC launched its loyalty program for suspended ceiling installers titled MyRockfon through which loyalty club members can earn rewards while purchasing Rockfon products, complete surveys or share photos of their projects. This will provide the company with an opportunity to show that their products are for everyday projects across all sectors, including shops, offices, restaurants and leisure facilities.

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More Insights on the Global Ceiling Tiles Market

In its latest report, FMI offers an unbiased analysis of the global ceiling tiles market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of material (aluminum, fiber glass, PVC, mineral fiber/gypsum, wood and steel), application (residential, commercial, hospitality, industrial and institutional), installation (surface mount and drop/suspended) and form (laminated, fissured, patterned, plain, textured and coffered) across five major regions (North America, Latin America, Europe, Asia-Pacific and Middle East & Africa)

Wood Pellets Market is set for astounding growth at approximately 11% CAGR through the forecast period 2021-2031

Majorly driven by demand upsurge in residential heating segment, global wood pellets market is set for astounding growth at approximately 11% CAGR through the forecast period (2021-2031). Consumers in developed countries exhibit rising dependency on renewable sources such as pellet-based fuel, thereby driving sales.

Moreover, high price point of fossil fuel is accentuating the demand for pellet-based fuel sourced primarily from wood waste, agricultural residue and forest waste. Leading manufacturers are focused on implementing compliance plans, which include dedicated biomass power plants and co-firing.

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Key Takeaways of Wood Pellets Market Study

Growing adoption of renewable energy continues to drive the sales of wood pellets.
High combustion efficiency is the chief attribute surging the demand for wood pellets.
Enhanced government incentive and favourable policies contribute substantially to the growth of wood pellets market.
Europe holds a whopping 51.4% share in global wood pellets market.
Asia Pacific to exhibit significant growth over the course of forecast period.
Respiratory problems triggered by wood dust is stagnating the demand of wood pellets.

Stakeholders in wood pellets market must direct massive pecuniary resources towards R&D activities for product diversification, along with capacity expansion initiatives to fortify competitive ascendancy.

Market Gains to Remain Concentrated in Europe

Europe is the leading regional market of wood pellets, in terms of consumption. Strong active presence of globally leading manufacturers in this region is giving impetus to production capacity as well. Timber and dry sawdust are predominantly preferred by manufacturers for wood pellets production.

On account of low carbon emissions, pellet-based fuel continues to gain prominence in countries such as the United Kingdom, Germany, Italy and France. Low production cost, mounting environmental concerns, and easy availability are some of the factors contributing to the growth of wood pellets market. Moreover, innovations in combustion technology and established logistics network are bolstering the wood pellets market in Europe.

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Product and Cost Differentiation to Remain Strategic Focal Point for Market Leaders

Global wood pellets market is highly fragmented. Major players profiled in this study include, but are not limited to, Georgia Biomass, LLC, Enviva Partners LP, Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Pinnacle Renewable Energy Inc. In a bid to remain prominent, industry leaders are channelling their resources towards product and cost differentiation.

Particle density, melting point, mechanical durability, moisture and ash content continue to remain key research areas in wood pellets industry. Moreover, companies are intensifying their efforts towards developing cleaner burning fuel, as opposed to fossil fuels.

Wood Pellets Market: Segmentation

The global wood pellets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Feedstock

Forest and Wood Waste Resources
Agricultural Residue and Waste
Food Waste
Virgin Lumber
Energy Crops

By End-use Industry

Residential/Commercial Heating
CHP/District Heating
Co-firing

By Region

North America
Latin America
Europe
MEA
Asia Pacific

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About Future Market Insights (FMI)

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Soda Ash Market to Hit US$ 17.5 Bn by 2029: Exclusive Report By Future Market Insights

Pegged at a steady CAGR, global revenue of soda ash market is set to exceed US$ 17.5 Bn in 2029. The upsurge in revenue is accredited to greater uptake of soda ash in glass & ceramic industry, particularly container glass and flat glass. Moreover, variegated end-use segments such as chemicals, construction, metallurgy, soaps & detergents are generating soaring demand for soda ash, concludes the FMI report.

Manufacturers in soaps & detergents industry increasingly favour soda ash as a substitute for traditionally-used phosphates. Soda ash has become a crucial ingredient for numerous cleaning products. It is transforming the energy sector owing to its recyclability and reusability. Moreover, soda ash market is gathering strong impetus in developing countries with proliferation of high net worth income individuals.

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Key Takeaways of Soda Ash Market Study

Glass & ceramics hold a majority share in the global soda ash market.
Leading manufacturers continue to adopt innovative extraction processes thereby boosting production capacity.
Sustainability would remain key strategic focus of market leaders through 2029.
Gains in soda ash market are primarily concentrated in Asia Pacific owing to thriving construction, chemicals, soaps & detergents industries.
Continued usage of cost-effective alternatives such as aluminum and plastics are set to restrict widespread adoption of glass in packaging industry.

Leading players in soda ash market must adopt and implement expansionary, sustainable activities along with strategic collaborations in order to remain prominent.

Asia Pacific to Remain at Forefront of Soda Ash Market Growth Through 2029

Consumers in Asia Pacific have contributed substantially to the growth of soda ash market. Owing to greater net worth incomes of consumers and prodigious demand generated by construction, chemicals, soaps & detergents industry, Asia Pacific will be the epicenter of growth through 2029. The region accounts for a whopping 57.6% share in soda ash market. In addition, India and China will be the domestic growth capitals in Asia Pacific region. On the other hand Europe will account for significant revenue share during the forecast period.

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Strategic Collaboration and Sustainability Remain Key Factors for Sustained Market Leadership

The competitive landscape of global soda ash market is highly consolidated in nature. Major players featured in this study include, but are not limited to, Tata Chemicals Ltd., DCW Ltd., Genesis Energy, LP, Nirma Ltd., Ciner Group, Novacap Group, and CIECH SA. Sustainable practices are increasingly being adopted by industry leaders worldwide. For instance, energy-efficient turbines have been installed by Tata Chemicals Ltd. as a part of their sustainability pledge. Moreover, key players continue to acquire regional companies for enhanced global presence.

Know More About the Report

FMI’s study offers an in-depth market forecast and analysis on the soda ash market. The major categories encompassed by the report include density (light and dense), end-use (water treatment, chemicals, metallurgy, paper & pulp, soaps & detergents, glass & ceramics) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Elastomeric Coatings Market | One the Most Booming Industry in Upcoming Years Due to Global Demand by 2029

Rising demand for eco-friendly and advanced coatings coupled with growing building and construction activities makes elastomeric coatings a popular and innovative choice in the market. Through constant research & development, elastomeric coatings are finding applications in different areas. Further, superior property of the product – water resistance – efficiently protects the intrusion of moisture into the walls, in the construction industry. The growing construction industry is expected to catalyze the growth of the elastomeric coatings market.

The global elastomeric coatings market was valued at US$ 5.2 Bn at the end of 2018, and is expected to witness lucrative growth at a CAGR of more than 7% during the forecast period of 2019-2029.

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Key Takeaways of Elastomeric Coatings Market Study

By type, silicone is expected to be most popular choice of elastomeric coatings, owing to the increasing consumption of silicone-based elastomeric coatings for roof protection against bad weather, standing water, and sun damage.
In terms of application, the building and construction industry is expected to be a prominent consumer of elastomeric coatings. This is driven by the increasing construction of commercial, domestic, and industrial buildings across geographies. Furthermore, it is expected that, the application of elastomeric coatings on roofs will be prominent throughout the forecast period.
The elastomeric coatings market is anticipated to grow at a decent rate in developing economies, especially in China, India, ASEAN countries, etc., as favorable market conditions and a large consumer base are fueling the demand for elastomeric coatings.
Advanced coating technologies have gained tremendous attraction for waterproofing purposes in several industries such as building & construction, automotive & transportation, chemicals, oil & gas, energy & power, etc. Therefore, the shifting trend towards the adoption of advanced coating technologies is expected to drive the growth of the elastomeric coatings market.

“Elastomeric coatings hold more advantages over other coating systems, owing to lower VOC emissions and recyclability, which makes them a preferred choice because of their eco-friendly properties. Attributed to this factor, the demand for elastomeric coatings is anticipated to grow at a significant rate over the forecast period.”

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Elastomeric Coatings Market: Competition Analysis

The global elastomeric coatings market is a consolidated market space, due to the presence of less number of market players around the world. Some of the key players identified across the value chain of the global elastomeric coatings market are BASF SE, Rhino Linings Corporation, PPG Industries, Inc., Teknos Group, Huntsman Corporation, Covestro AG, Sherwin-Williams Company, Pidilite Industries Ltd., Versaflex Incorporated, and DowDuPont Inc., among others. Most of the key players maintain strategic focus on the development of distribution partnerships and joint ventures for global expansion. Manufacturers are focusing on manufacturing sustainable products to cater to the increasing demand for such products for various applications.

Elastomeric Coatings Market Taxonomy

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

By Type

Acrylic
Polyurethane
Epoxy
Silicone
Polyurea
Others

By Application

Building & Construction
Industrial
Automotive & Transportation
Others

By Region

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

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What does the report offers?

The latest publication by Future Market Insights provides comprehensive analysis of the global elastomeric coatings market. This market study provides detailed insights on the elastomeric coatings market through well-structured market research. The global elastomeric coatings market study offers inclusive market analysis of historical performance of 2014-2018 and opportunity assessment for the forecast period of 2019-2029. The market study provides prevalent insights on various aspects of the elastomeric coatings market based on type and application across the targeted seven regions.

Truck Mounted Concrete Mixer Market Expectations & Growth Trends Highlighted Until 2028

The market for ready mix concrete in leading areas is rising rapidly. With technological revolution observed in the concrete industry, achieving high-performance concrete and with tighter controls is getting simpler. Systems are being used for translating the properties of ready mix concrete into quantified data with the help of sensors mounted on trucks. This is expected to offer growth opportunities for the truck mounted concrete mixer manufacturers who aim at product innovation for gaining competitive advantage.

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Reduction of Downtime and Rise in Profit to be Major Requirements for Companies

According to Cemen Tech of Indianola, Iowa, the use of mobile volumetric mixer enable saving nearly 40 percent of concrete costs. Not just cost-reductions, but achieving precision concrete has also become an important aspect for the construction industry. Various cement manufacturing companies are making use of volumetric concrete trucks type of truck mounted concrete mixer. For instance, CTS Cement Manufacturing, South California, using volumetric trucks, provides quick-setting bulk cement to concrete contractors and producers.

Market in Europe and MEA to Witness Key Investment Pursuits by Leading Truck Mounted Concrete Mixer Manufacturers

While the overall market is scrutinized in accordance with seven major regions spread across the globe, expansions and investment initiatives in few regions represents the potential that they hold for the truck mounted concrete mixer market. The European and Middle East and African market for truck mounted concrete mixer underline effective avenues with increasing investments by key truck mounted concrete mixer manufacturers witnessed in these regions.

For instance, Sany Group, a truck mounted concrete mixer provider signed a dealership agreement with Rhombus which is expected to achieve major sale of dump trucks and concrete machine in Kenya in the next three years, enabling Sany to move ahead in making its concrete machinery a rank 1 and dump trucks a rank 2 equipment in the local market. Similarly, Liebherr Group opened its development and demonstration center in Kirchdorf, Europe which would develop and test material handlers and construction machinery to make them fit for customer requirements. Having no competing validation center in elsewhere in Europe, this unit would strengthen Liebherr’s European business. Additionally, Putzmeister, another truck mounted concrete mixer market player invested over a million dollars in a R&D facility in Germany, designed for setting new equipment standards for the concrete industry.

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Major Truck Mounted Concrete Mixer Providers to Focus on Increasing their Business Capabilities with Effective Strategies

The key players contributing to the truck mounted concrete mixer market include Liebherr Group, SCHWING Stetter, SANY GROUP, Shantui Construction Machinery Co. Ltd., Beston (Henan) Machinery Co., Ltd., Anhui Hualing Automobile Group Co Ltd, Putzmeister Holding GmbH, XCMG Co. Ltd, Zoomlion Heavy Industry Science & Technology Co., Ltd, and KCP Heavy Industries.

A newly formed ready mixed concrete business set up in London area has shown its faith in Liebherr Group’s product offerings where the company purchased Liebherr’s eight HTM 804 truck mixers with which it would join forces with Mercedes-Benz chassis for the ready mixed concrete operation at its Barking-based plant.

The truck mounted concrete mixer company, Zoomlion Heavy Industry Science & Technology Co., Ltd. is all set to exhibit their new product line comprising smart products, the mainstay of the display being their concrete pumping solutions which include the concrete truck mixer, 56m truck pump that is mounted on the Mercedes truck-mounted mixer pump, designed for spaces and capacities, which showcases lower fuel consumption, higher working efficiency, and increased life-span.

Changsha in China is transforming the country’s manufacturing capabilities with the incorporation of next-generation technologies, and upgrading construction machinery. Sany Group, largest heavy equipment manufacturer in China and a player in the truck mounted concrete mixer market is also upgrading its business with intelligent manufacturing, as its Changsha workshop is Asia’s largest intelligent manufacturing unit.

Truck Mounted Concrete Mixer Market Division to Obtain In-depth Overview

Based on the mixing capacity, the truck mounted concrete mixer market is divided into three segments including between 6 m3 to 10 m3, less than 6 m3, and above 10 m3.
According to the type, the truck mounted concrete mixer market is segmented into volumetric concrete truck, concrete pump truck, and rough terrain concrete truck.
On the basis of product type the truck mounted concrete mixer market is classified as truck mounted static pump, truck mounted mobile pump, and truck mixer concrete pump.
The segments including in the mounting vehicle basis of classification of the truck mounted concrete mixer market include trailer and truck.

The research report on truck mounted concrete mixer market showcases a detailed evaluation of the whole market. It includes in-depth insights, historical and factual data, and industry-validated and statistically-supported data providing a better understanding of the truck mounted concrete mixer market. The report on truck mounted concrete mixer market includes predictions using adequate set of assumptions and methodologies. The research report on truck mounted concrete mixer market provides evaluations and data based on regions, technology, market segments, and applications.

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The report on market of truck mounted concrete mixer comprises of a detailed market assessment on:

Segments of truck mounted concrete mixer market
Truck mounted concrete mixer Market Influencers
Truck mounted concrete mixer Market Size
Supply and Demand
Latest trends and challenges in the truck mounted concrete mixer market
Major Truck mounted concrete mixer manufacturers
Value Chain
Technology

Geographical Assessment of truck mounted concrete mixer market includes:

North America Market of Truck mounted concrete mixer including Canada and US.
Latin America Truck mounted concrete mixer Market including Mexico, Brazil, and Rest of Latin America.
Western Europe Truck mounted concrete mixer Market including Germany, Italy, U.K, France, Nordic countries, Netherlands, Spain, Luxembourg, Belgium, and Rest of Western Europe.
Eastern Europe Market of Truck mounted concrete mixer including Poland, Russia, and Rest of Eastern Europe.
Asia Pacific Market of Truck mounted concrete mixer including China, India, ASEAN, Australia & New Zealand.
Japan Truck mounted concrete mixer Market
Middle East and Africa Truck mounted concrete mixer Market including GCC, South Africa, and Rest of MEA.

The truck mounted concrete mixer market research study is an outlook of first-hand information gained by analyzing the market in a qualitatively and quantitatively. This data is gained with the help of research analysts, experts in the industry and participants across the value chain. The thorough assessment of the trends in the parent market, macro-economic metrics, market governing factors, and market attractiveness based on segments are all included in the report. The truck mounted concrete mixer market study also traces the influence of the several factors on the regions and market segments.

Telescopic Masts Market: Notable Developments & Geographical Outlook

A telescopic mast is a telescopic type pyramid-shaped structure above the rig floor. Telescopic masts come under multi-sectional designs in which upper sections are extended and retracted in a controlled prearranged sequence. Telescopic masts can help in the unmanned and harshest locations in the installation of certain instruments like self-operating and remote operating cameras, anemometers, microphones, meteorological instruments and environmental sensors.

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In order to properly safeguard a cellular network from challenges such as natural disasters, man-made accidents etc., and one must fully understand their impact. Telescopic masts serve as the overall solution for cellular antennas via a temporary platform. Public events, where thousands of people gather, can overwhelm the limited cellular network infrastructure designed for the permanent solution for the area. Aforementioned reasons proliferate the demand and augment the rate of manufacturing of telescopic masts across the globe.

Telescopic masts are used primarily in setting up short-term radio networks for reporting the key news events and for momentary communications requirement in emergencies. Additionally, telescopic masts find their applications in tactical military networks for reconnaissance owing to various characteristics offered by the product. Moreover, telescopic masts are also utilized in mobile lighting, flag mast, fire-fighting equipment, and golf fields. The global telescopes masts market is highly fragmented and flooded with thousands of regional players.

The report covers exhaust analysis on:

Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain

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Regional analysis includes:

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

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Market Segmentation

Global telescopic masts market can be segmented on the basis of operation, installation, material, height, load, applications and regions.

On the basis of operation,

Manually Operated (Push-up)
Pneumatic
Hydraulic

On the basis of installation,

Trailer based
On-ground

On the basis of material,

Composite Materials (Carbon fiber and Glass Fiber)
Aluminum

On the basis of height,

Up to 12 m
12 m to 30 m
More than 30 m

On the basis of load,

Light duty (up to 45 kg)
Medium duty (45 kg – 120 kg)
Heavy duty (above 120 Kg)

On the basis of applications,

Commercial
Military
Security
Municipal
Others

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Key Participants

Example of some of the market participants in the global telescopic masts market discerned across the value chain include

Clark Masts Limited
Comrod Communication AS
Motion Technologies Pty Ltd
Fireco Srl
Carl C. A/S
The Will-Burt Company (Geroh)
YUASA Co., Ltd.
Cobham plc
South Midlands Communications Ltd
Telco Antennas Pty Ltd
Kadevi Industries Limited

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Telecom Tower Power System Market Is Expected To Increase At 6.7% CAGR Between 2021 – 2031

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.

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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.

According to Future Market Insights, expansion of telecom infrastructure facilities to cover rural and other remote areas has led to stronger demand for telecom tower power systems. Rapid technological advancements in production technologies are also projected to complement market growth in the near future.

In spite of the recessionary effect of the COVID-19 pandemic in 2020, the telecommunication industry in terms of essential service sector has remained unaffected. With the continual demand for high energy efficient solutions, growth of telecom tower power systems is expected to reflect an upward trajectory for the foreseeable future.

Demand for telecom tower power systems is increasing with the rise in the volume of telecom tower networks in recent years. This can be attributed to an increase in investments and expansion of new telecom infrastructure projects in developing nations.

The growing requirement of mass production has resulted in increased importance of process automation. The market is shifting towards Industry 4.0 norms, leading to the promotion and universal adoption of new production technologies.

Increasing number of players focusing on research and development related to telecom tower power systems is anticipated to contribute towards market growth in the years to come.

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Key Takeaways from Telecom Tower Power System Market Study

Outdoor telecom tower power systems are projected to hold over 54% of the global market share in 2021, supported by the availability of superior configurations.
The diesel generator + battery segment is set to hold over 41% of the market share as a power source by 2031-end, supported by investments into renewable energy systems.
The U.S. will remain a primary market, backed by rising demand from the energy sector. It is expected to account for over 86% of the demand registered in North America in 2021.
The markets in India and China are set to surge at CAGR of approximately 8% and 7% over the coming decade.
Russia is emerging as a key market in Europe, with a valuation of over US$ 154.5 Mn in 2021, driven by presence of massive telecom infrastructure network.

“The telecom tower power system market is growing at a strong pace driven largely by increasing demand for energy efficient power systems. Increasing investments in the telecommunication industry for the expansion of telecom infrastructure projects will create extensive opportunities for telecom tower power system manufacturers. Industry participants are investing in expansions, strategic alliances, and energy efficient solutions to gain a competitive advantage,” says a Future Market Insights analyst.

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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.

Delta Electronics Inc.
Cummins Inc.
Huawei Technologies Co., Ltd
Eaton Corporation PLC
Vertiv Group Corporation
STMicroelectronics NV
ZTE Corporation
ABB Ltd

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

Future Market Insights (FMI), in its new report, estimates worldwide sales of walk-in coolers and freezers at US$ 8.6 billion in 2019. Widespread consumer acceptance of frozen and processed food, along with a steep rise in the demand for efficient refrigeration facilities to store and maintain the shelf life of these products, allude a brighter future for the walk-in coolers and freezers market.

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The global walk-in Coolers and Freezers market was valued ~US$ 8 Bn in 2019.
The walk-in Coolers and Freezers market is anticipated to witness a robust growth with a CAGR of ~5% over the forecast period of 2019–2029.
South Asia and East Asia markets are expected to remain prominent regional markets in the global walk-in Coolers and Freezers market.
- Rapid urbanization in India and China resulting in an increase in commercial restaurants and retail food outlets chain in the region, which is expected to drive the sales of walk-in Coolers and Freezers market.
The South Asia market is expected to lead the walk-in Coolers and Freezers market in terms of CAGR growth, registering a growth of ~7% CAGR over the forecast period.
- The growth is primarily driven by growing retail food outlets and franchises, cold storage warehouses, and restaurant chains in India and other ASEAN countries.
The commercial kitchen & restaurants segment is anticipated to create prominent demand for walk-in coolers & freezers, followed by retail food & beverage outlets.

According to the study, key players in the walk-in coolers and freezers market also remained focused on improving energy efficiency of their products, considering the continuous changes in energy conservation standards for various commercial and industrial equipment including walk-in coolers and freezers. These players are continuously putting efforts on improving quality of their offerings, while investing in innovative developments that would yield substantial improvements for customers.

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Gains Remain High from Commercial Kitchens & Restaurants

Walk-in coolers and freezers continue to gain high traction from commercial kitchens and restaurants, which are widely used to preserve raw foods and grocery items. As international fast food chains and café outlets continue to explore opportunities in various attractive destinations, demand of walk-in coolers and freezers has been on an upward swing across the globe.

North America and Europe have been the early adopters of commercial kitchens and restaurants; however, they are reaching their saturation point. Walk-in cooler and freezer manufacturers are tapping into opportunities in developing countries in East Asia, where multi-cultural environment, changing eating habits, and rising disposable income have opened avenues of growth for commercial kitchens and restaurants. Moreover, walk-in coolers and freezers market in East Asia is likely to take over the Europe market in the future.

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

Walk-in coolers and freezers with self-contained refrigeration continue to account for higher share as compared to remote condensing and multiplex condensing. Considering the suitability of self-contained refrigeration in almost any application along with ease of service and maintenance, this category also continues to witness higher innovation and investments.

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Key Segment

Product Type

Walk-in Cooler
Walk-in Freezer
Combo (Freezer + Cooler)

Place of Use

Indoor
Outdoor

Technology

Self-Contained
Remote Condensing
Multiplex Condensing

Door Type

Hinged
Power Sliding
Manual Sliding

Application

Cold Storage Warehouse
Breweries
Commercial Kitchen & Restaurants
Floral Storage
Pharmaceuticals
Chemicals
Research laboratories
Hospitals & Mortuaries
Mobile Refrigeration System
Retail Food & Beverage
- Supermarket
- Hypermarket
- Convenience Stores
Other Stores

Sales Channel

OEM
Aftermarket

Mounting Type

Floor
Non-floor

Region

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

According to the study, the walk-in coolers and freezers market shows a high level of fragmentation, and therefore, several market players are focusing on forging strategic alliance with other players to improve their market shares. Manufacturers are also focused on offering products that can be custom designed to fit any settings along with several add-on features to increase convenience and ease-of-use.

Electric Motor Market To Expand At Over 5.1% CAGR From 2021-2031

The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021, while the AC Motors segment was up 5.1% to 837 million units.

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

The electric motors market however registered moderate decline in its sales volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of medical sector were not affected due to increase in demand amid the adoption of COVID-19 precautionary measures.

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

The growing requirement for pumping application from agriculture, water treatment plants, oil & gas sector and other industries is expected to drive the electric motors market in the forecast period. Increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards market growth in the years to come.

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Key Takeaways from Electric Motors Market Study

Power output electric motors are projected to hold over 80% volume share of the global market in 2021, owing to robust demand for various applications.
The AC Electric motors are set to hold over 71.6% of the market share on value basis by the end of forecast period.
East Asia will remain a primary market, backed by rising demand from the automotive & residential sector. It is expected to account for over 22.7% of the demand registered in globally in 2021.
Electric motors for robotics application set to surge at CAGR of approximately 5.9% over the coming decade.
The U.K. is emerging as a key market in Europe, with a valuation of over US$ 5.4 Bn in 2021, and anticipated to grow with 5.4% CAGR in the forecast period.

“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

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Competitive Analysis:

The electric motors market is highly competitive with more than 1,000+ players consisting of tier-1, tier-2 and local based vendors across the region, key players accounting for around 20-30% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.

Some of the key players in this industry include but are not limited to General Electric, Robert Bosch GmbH, Hitachi, Ltd., Nidec Corporation, WEG S.A., Siemens AG, ABB Group, Regal Beloit Corporation, Toshiba Corporation, Johnson Electric, Hyosung Corporation, Schneider Electric SE, Bonfiglioli Riduttori S.p.A., Kirloskar Electric Company Ltd., Allied Motion Technologies Inc., East West Manufacturing, LLC, Hyundai Electric Co. Ltd.