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Gains in the woodworking router bits market would be realized by grooving operations, which will capture nearly half of overall market stack. Their applicability in almost all wood types such as plywood, chipboard, medium-density fiberboard (MDF), and hardwood is reflecting value-capture prospects for manufacturers.

Moreover, the adoption of woodworking machines in grooving operations is likely to surge at a promising pace. Although they hold a relatively lower market share, manufacturers are also unlocking revenue streams from cutting and jointing & rebating operations.

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According to a new research report published by Future Market Insights (FMI), the global woodworking router bits market is estimated to exhibit a CAGR of close to 5% during the forecast period of 2019-2029.

Key Takeaways of Woodworking Router Bits Market Study

1. Woodworking router bits have prominent application in engraving and carving all kinds of wood such as chipboard, plywood, hardwood, and softwood, and play a crucial role in the furniture industry.
2. Targeting the expanding DIY consumer segment, manufacturers are offering customized products, which facilitate effective usage in handheld operations such as drilling, cutting, milling, etc.
3. The most common types of router bits available in the market are handheld router bits and CNC router bits. Handheld router bits are limited to specific applications, resulting in steady market growth, whereas, CNC router bits are versatile, providing lucrative business avenues for investors.
4. Out of all woodworking operations, grooving holds a significant share, and is projected to witness maximum growth during the forecast years.
5. In recent years, the market has witnessed price variations, owing to diversified product lines offered by manufacturers that target a broad clientele based on the type of woodworking operation.
6. Growing usage of wood in the design of basic utilities in commercial construction is expected to further raise the demand for woodworking router bits.

“In the woodworking router bits market, products with high-end precision and durability are necessary for complex woodworking operations. Manufacturers are capitalizing on this trend by actively providing customized products for application-specific woodworking operations.”

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By Segment:

Competitive Landscape

The woodworking router bits market has become increasingly competitive as manufacturers are launching advanced products that offer various operational benefits and are compatible to the woodworking industry. There are a significant number of organized and unorganized players actively operating in the global market. Key players involved in the woodworking router bits market are Robert Bosch GmbH, Stanley Black and Decker, Kanefusa Corporation, Amana Tool Corporation, and CMT Utensili SpA, among others. The offering of versatile router bits can be a differentiating move for manufacturers in the global market.

Energy-efficient and IoT enabled home appliances for example smart kitchen appliances are expected to gain traction among several end-use sectors, ranging from full domestic to quick service restaurants, owing to its operational advantage.

According to the findings of an independent report, food preparation equipment accounts for around 30% of the restaurant’s energy bill. Rising energy costs resulted in the growing consumer demand for energy star-labelled equipment. Governments of several countries are promoting green technologies, by offering schemes such as tax credit programs.

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The growing awareness regarding green technologies among consumers is anticipated to lead to the rapid replacement of conventional foodservice equipment over the next few years. The trend is expected to be prominent among developing regions of Asia Pacific and Latin America.

1. The global consumer appliances market size in 2018 was approximately US$ 339 Bn.
2. The consumer appliances market is expected to grow at a CAGR of approx. 4% during the forecast period of 2019-2029.
3. Basic consumer appliances continue to grow in emerging markets, while premium ones are expected to grow in developed markets.
4. Collectively, Europe, North America, and East Asia are likely to account for half of the revenue shares in the consumer appliances industry by the end of 2029.
   • Europe, attributing to the strong presence in kitchen appliances, is expected to be a prominent product type for consumer appliances manufacturers
5. The kitchen appliances segment is expected to remain a prominent product type to invest in for consumer appliances market players.
   • Microwave and refrigerator segments have witnessed significant growth over the recent past.
   • Noteworthy product type potential of consumer appliances has been identified in the ranges and ovens segment.

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Key Segment

By Product Type

• Kitchen Appliances
  • Refrigerators
  • Ranges and Ovens
  • Microwave
  • Conventional Grill
  • Dishwashers
  • Chimneys
  • Electric Stove
  • Induction Cooktops
• Small Appliances
  • Hair Dryers
  • Irons
  • Toasters
  • Bread Makers
  • Coffee Machines
  • Grinders & Mixers
  • Food Processors
• Washing Machine
• Air Purifiers
• Water Heaters
• Water Purifiers
• Cloth Dryers/Tumbler
• Air Conditioners
• Vacuum Cleaners

By End Use

• Domestic
• Professional
  • Hotels
  • Salon & Grooming Parlors
  • Cafeteria & Restaurants
  • Offices & Institute
  • Others

By Sales Channel

• Offline
  • Organized Retailer
  • Unorganized
• Offline
  • Company Direct Sales
  • Independent Vendor/E Commerce

By Region

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

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Consumer Appliances Market Structure Analysis

• The global consumer appliances market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on the development of solid distribution partnerships and joint ventures, targeting a firmer global footprint.
• The consumer appliances market has been relatively moderate in size, which remains a key factor for its dynamic competitive nature.
• Prominent manufacturers of consumer appliances are currently prioritizing R&D and new product launches to resonate with the growing consumption of eco-friendly consumer appliances in North America, Europe, and China.
• Portfolio extension is also identified to remain as one of the key developmental strategies adopted by manufacturers of consumer appliances.
• For a strong foothold in target markets, consumer appliances manufacturers are expected to rely on inorganic strategies, such as mergers and acquisitions.

Deeper understanding of the market trends and preferential shifts of end-use segments across several regions are likely to create a bottleneck for prominent players, considering forward to untapped opportunities in the consumer appliances market.

 

Global end suction pump market to register year-on-year (YoY) growth of 3.5% in 2021 to total 4.3 million units. As per the end suction pumps industry analysis, demand for close coupled pump will grow by 3.6% to total 3.6 million units by the end of 2021. Steered by surging application in commercial and industrial sectors alike, the sales of end suction pumps will represent 3% of global pumps market in 2021.

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Rapid industrialization has increased the demand for various production related equipment. Driven by this, the end suction pumps market will rise at 4.6% CAGR between 2021 and 2031 in comparison above 5.8% CAGR registered during 2016-2020.

Increasing construction of commercial spaces, including hotels, retail space, office and institutions has boosted the demand for the end suction pumps because of their utility in water dosing, HVAC gas suction, and fire suppression applications. The continued demand for new installations is expected to aid the market growth over the coming years.

Leading manufacturing companies are focusing on expanding their sales and distribution footprint in untapped emerging markets based in South Asia, Latin America and Africa. To improve clientele base and key accounts management.

Due to the global pandemic, demand for end suction pumps declined marginally in 2020. The effect of COVID-19 on demand from heavy end-use industries like power generation and mining was lower, which drove end suction pump sales in various regions.

The demand of end suction pumps has been increasing in the manufacturing sector. This can be attributed to the advancements registered in the manufacturing sector, especially in various developing regions.

Increasing energy costs and growing environmental awareness among end users are expected to drive demand for energy-efficient and cost-effective end suction pumps over the forecast period. Industries often rely on end suction pumps to improve pump efficiency and reduce energy consumption.

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Key Takeaways from End Suction Pumps Market Study

• Close coupled pump segment is projected to hold over 80% volume share in the global market in 2021.
• The demand from industrial sector is set to account for 75% of the overall sales in the market.
• East Asia will remain a primary market, backed by expansion of industries and growing urbanization in the region. It is expected to account for over 25% of the demand registered globally in 2021.
• Upto 100 GPM end suction pumps sales is set to surge at CAGR of approximately 4.6% over the coming decade.
• Sales of end suction pumps in the U.S. will total US$ 992.4 Mn by 2031.

“Higher focus on expansion of manufacturing will boost end suction pumps sales in the coming years. Focus on turnkey projects by OEMs is expected to create attractive opportunity for the growth of the market” says a Future Market Insights analyst.

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Competition Landscape

The end suction pumps market is highly fragmented with more than 100 players across the world. The top companies account for around 15-20% of the market share. In order to achieve high sales, leading market players are creating contracts with end users and customizing solution to cater to industry specific requirements.

Some of the key players in this industry include but are not limited to Grundfos, Sulzer Ltd, Xylem Inc., KSB AG, Flowserve Corporation, Ebara Corporation, Kubota Corporation, Ruhrpumpen Group, Pentair plc, Kirloskar Brothers Ltd, Torishima Pump Mfg. Co., Ltd., and WILO SE.

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 is 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.

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According to Future Market Insights, increase in construction activities across the world has led to stronger demand for land survey equipment. Rapid technological advancements in global navigation satellite system (GNNS) and survey equipment are also projected to complement market growth in the near future.

The ongoing crisis caused by the COVID-19 pandemic has resulted in the disruption of supply chain and construction activities. Though sales of land survey equipment plummeted during the initial stages of the pandemic, with regional construction sector operations reviving toward threshold rates and with the continual demand for energy-efficient solutions, land survey equipment market is expected to register impressive growth trajectory for the foreseeable future.

Demand for land survey equipment is increasing also on account of the advancements in automotive and marine application. With increasing fleet of connected and autonomous vehicles coupled with increasing use of GNNS systems in small marine application, the land survey equipment market is set to get substantial boost from it.

Increasing number of players focusing on research and development related to Land Survey equipment is anticipated to contribute towards market growth in the years to come.

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Key Takeaways from Land Survey Equipment Market Study

• By product type, the level equipment is set to hold around 50% of the market in terms of volume through the forecast period, owing to its low cost and high application.
• The inspection segment is set to hold over 29% of the market share on the basis of application by 2031-end, supported by increasing use of inspection techniques in construction sector.
• The Europe will remain a primary market and account for over 27% share by the end of forecast period.
• The markets in India and China are set to surge at CAGR of approximately 8.3% and 7.6% over the coming decade.
• Nordics is emerging as a key market in Europe, with a valuation of over US$ 271.0 Mn in 2021.

“The land survey equipment market is growing at a strong pace, driven largely by increasing demand for energy efficient and precise measuring equipment. Increasing upstream and downstream exploration in oil & gas and mining coupled with rising adoption of drone technology in surveying are propelling growth of the market,” says a Future Market Insights analyst.

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Competitive Analysis:

The land survey equipment market is moderately consolidated, with leading players accounting for more than 30% of the market share. These players are likely to invest in new technology developments, expansion of their distribution networks and tie-ups with prominent end users in order to maintain their market presence.

Some of the key players in this industry include but are not limited to Trimble Inc., Hexagon AB, Topcon, Beijing UniStrong Science & Technology Co., South Surveying & Mapping Instrument Co., Ltd., Hi-Target Surveying Instrument Co., Ltd., among others.

The power transformer market is poised to grow at 4.6% CAGR from 2021 to 2031, with overall valuation expected to reach US$ 21.9 billion in 2021. Future Market Insights (FMI) forecasts total sales to surpass 2000 units by the end of 2031. Some of the leading market players are ABB, General Electric, Siemens AG, Toshiba Corporation, and Schneider Electric. Among these companies, ABB holds around 12% of the market, while General Electric accounts for 8% of the overall share.

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Focus on upgrading the existing power grid network with modern energy technology for flexible, secure, efficient, and reliable supply of power will emerge as a chief growth driver.

Transformers are critical component in power transmission system as their main function is to receive power with low voltage and transmit it across various distribution channels in power grid. Increasing demand for electricity, increasing investment to expand transmission and distribution network will drive the power transformer market growth in upcoming years.

Rising urgency to replace the aging power infrastructure with smart grid system along with increasing penetration of renewable energy and development of interconnected grid infrastructure are key growth drivers in developed economies. Future prospects look promising for power transformer market due to thriving construction and mining industries, emergence of new smart cities with modern power transmission system and adoption of green transformers.

Market players are focusing on developing power transmission systems capable of handling flow of stored and renewable energy throughout the grid system. Advancement towards designing system for efficient management of electricity transmission and distribution as a part of disaster recovery efforts along with redefining electrical grids to reduce operational costs and lead times will positively influence the market growth in the future.

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Key Takeaways from FMI’s Power Transformer Market Study

• North America power transformer market is forecast to experience growth at 3% CAGR due to rising necessity to replace old power grid networks with modern and efficient equipment and increasing supply and demand gap of electricity in U.S. and Canada.
• Europe power transformer market is anticipated to grow at 3.2% CAGR during the forecast period. Growth uptick can be attributed to rapid electrification and increasing investment towards upgrading transmission and distribution networks in the region.
• Growing awareness among population regarding CO₂ emission, increase in consumption of electricity, and increasing efforts towards electrification of rural areas will drive the demand for power transformers in India.
• China is expected to offer lucrative opportunities owing to increasing investment in power grid infrastructure development and booming mining and oil and gas industries in the country.
• Japan and South Korea account for 7% of global power transformer market share in 2021. Industrialization, increasing efforts to fill the energy supply and demand gap, and imposition of energy efficient laws and standards are key growth drivers in these countries.

“Increasing demand for upgrading traditional transmission system to sustain high voltage power transfer and incorporation of smart grids will boost the demand for power transformer in upcoming years,” says the FMI analyst.

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Competitive Analysis

Future Market Insights highlights the key trends emerging in the power transformer market and discusses the strategies employed by market players to strengthen their market position.

Leading market players account for 35% global market share. They are focusing on new product development like green transformers to reduce the carbon footprint and are also emphasizing on establishing production and supply operations in key high-demand demographics like South East Asia. In addition, key players have been increasing production outputs and moving manufacturing plants to developing countries to reduce lead times and operation costs.

For instance, in July 2021, General Electric won orders for manufacturing 45 units of 765 kV transformers from Power Grid Corporation of India Limited (PGCIL) for the new sub stations to be constructed in Rajasthan, India. The new transformers will dissipate around 8.1gigawatt (GW) of green power from the state’s solar energy zones.

In March 2021, First Philec Inc. announced to launch super green transformer by the end of 2021. First Philec Inc. is a unit of First Philippine Holdings Corp. and one of the leading manufacturers of high efficiency transformers in South East Asia region. The super green transformer will be made of recyclable and biodegradable materials.

Hitachi ABB Power Grids launched two new traction transformers, “RESIBLOC® CRail 25 kV” and “Natural Cooling Effilight® Traction Transformer” in June 2021. The latter model replaces traditional cooling module with natural airflow system. It uses a state of the art cooling system that harnesses natural air flow from the train’s motion and sends it to heat exchanger thus eliminating the need for air fans.

Prominent players operating in the power transformer market are:-

• ABB
• General Electric
• Siemens AG
• Toshiba Corporation
• Schneider Electric

Suspended ceiling system are certain secondary ceilings which are suspended above the structural floor slab, which creates a void between the top of the suspended ceiling and the underside of the floor slab. Along with the concealment of the underside of the floor slab, this void can provide a useful space for the distribution of heating, ventilation and air conditioning (HVAC) services and plumbing and wiring services, as well as providing a platform for the installation of smart speakers, light fittings, wireless antenna, CCTV camera, fire and smoke detectors, motion detectors, sprinklers, and others.

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The void can also be used as an air ‘plenum’, in which the void itself forms a pressurized ‘duct’ to supply air or extract it from the occupied space below. Suspended ceiling system can allow easy access for equipment servicing by the removal of tiles, or through access panels and can allow flexibility of layout of spaces below. However, it results in some loss of headroom (generally at least 100mm).

Typically suspended ceiling system are hung from a bracket fixed to the underside of the floor slab supporting a series of interlocking metal sections that form a grid into which panels such as ceiling tiles can be fitted. Suspended ceiling system are also available, in which tiles are laid between parallel beams rather than a grid, and there are a wide range of different grid profiles and tile edge details that can be used to allow the grid to be exposed, flush, recessed or concealed.

Suspended Ceiling System Market Dynamics:

Changing interior and exterior architectural trends in the construction sector has propelled the use of innovative designing in the protective building materials market. Suspended ceiling system or panels are utilized in interior construction for improving the overall aesthetics and acoustic insulation material. Innovation in enhancement of aesthetics of walls and flooring materials such as carpets, floor and wall tiles, and coatings have undergone significant changes and advancements in terms of improving aesthetic features in the suspended ceiling system.

Acoustic insulation has played a vital role in the growth of the suspended ceiling system market. Technological breakthroughs in this area have led to a higher adoption of suspended ceiling system especially in North America and Europe regions over the recent years. This trend is expected to continue further during the forecast period, reinforcing demand for suspended ceiling system.

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Market Participants

Some of the market participants operating in the global Suspended Ceiling System market identified across the value chain include AWI, Knauf, SAS International, USG, Menards, Chicago Metallic Corporation, CertainTeed, Rockfon, Chicago Metallic, Saint-Gobain, Foshan Ron Building Material Trading, Grenzebach BSH, Guangzhou Tital Commerce, Haining Chaodi Plastic, Shandong Huamei Building Materials, New Ceiling Tiles, Odenwald Faserplattenwerk, Techno Ceiling Products, among the others. Key market players are pitching the unique properties of suspended ceiling system such as superior acoustic insulation properties, easy installation and dismounting etc. to win over new customers in the market.

The Suspended Ceiling System report covers exhaustive analysis on:

• Suspended Ceiling System Market Segments
• Suspended Ceiling System Market Dynamics
• Suspended Ceiling System Market Size
• Supply & Demand
• Suspended Ceiling System Current Trends/Issues/Challenges
• Competition & Companies Involved
• Technology
• Value Chain
• Suspended Ceiling System Market Drivers and Restraints

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Peru, Chile, Rest of LATAM)
• Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX, Russia, Poland, and Rest of Europe)
• East Asia (Japan, South Korea, and China)
• South Asia (India, Indonesia, Malaysia, Philippines, Thailand, Rest of South Asia)
• Oceania (Australia, and New Zealand)
• Middle East and Africa (GCC Countries, Turkey, Iran, Israel, S. Africa, Rest of MEA)

By Segmentation

On the basis of material,

• Mineral wool
• Metal
• Gypsum

On the basis of type,

• Ceiling
• Grids

On the basis of application,

• Commercial Construction
• Residential Construction
• Industrial Construction

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Opportunities for Participants in the Suspended Ceiling System Market

Recovery of the commercial construction across major countries has propelled the new construction, as well as repair & maintenance and renovation activities. Moreover, adoption of interior solutions that exhibit better noise absorption features in offices, departmental stores, public utility areas, and educational institutions is considered to boost the consumption of suspended ceiling system in the next couple of years.

This in turn is expected to enhance the use of eco-friendly and light-weight materials such as mineral wool, metal, and gypsum ceilings in the suspended ceiling system, so as to maintain and improve the indoor air quality and efficiencies of energy, water, and other resources. Technological advancement in manufacturing low VOC material based ceiling panels is likely to provide lucrative opportunities in the suspended ceiling system market.

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