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The Europe photovoltaic mounting system market has exhibited robust year-on-year growth, recording an impressive 9% surge in 2022, propelling the market value to a noteworthy US$ 35.7 billion by the end of the same year. Future Market Insights (FMI), an ESCOMAR certified market research and consulting firm, unveils a promising trajectory for this industry, forecasting a substantial leap from US$ 40.6 billion in 2023 to an estimated US$ 178.7 billion by 2033. This surge is poised to be driven by a notable Compound Annual Growth Rate (CAGR) of 16% during the forecast period spanning from 2023 to 2033.

Key Trends Paving the Path for Market Progress:

Rapid Adoption of Renewable Energy: The escalating global shift towards renewable energy sources, particularly solar energy, is poised to fuel the rapid expansion of the Europe photovoltaic mounting system market. This burgeoning demand is driven by the increasing adoption of photovoltaic systems across various European nations.

Cost Efficiency: The decreasing costs associated with photovoltaic installation and energy storage systems is creating a fertile ground for photovoltaic mounting system manufacturers across Europe. This cost-effectiveness is contributing to a surge in market demand.

Environmental Awareness: The growing concern over energy prices and the depletion of fossil fuels has led to an environment conducive to the growth of the photovoltaic mounting system market in Europe. Favorable government initiatives and schemes further contribute to this burgeoning demand.

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Drivers Fueling Photovoltaic Mounting System Demand in Europe:

Supportive Regulatory Environment: Europe’s pro-renewable energy policies, including feed-in tariffs, net metering, and renewable energy targets, have incentivized the adoption of photovoltaic systems. This regulatory framework is fostering a favorable market environment, driving demand for photovoltaic mounting systems.

Renewable Energy Targets: European countries have set ambitious renewable energy targets as part of their climate commitments. The European Union’s Renewable Energy Directive, with a binding target of 32% renewable energy by 2030, has spurred investments in solar energy projects, thus boosting demand for photovoltaic mounting systems.

Distinguishing Characteristics of the Adjacent Photovoltaic Mounting System Market:

The Europe photovoltaic mounting system market, while connected to the solar inverter market, exhibits distinct features:

Solar inverters are essential for converting solar panel electricity, while photovoltaic mounting systems focus on securely installing panels.

The growth of the European solar inverter market is driven by rising solar PV adoption and supportive policies.

Although related, the photovoltaic mounting system market’s focus on physical structures may result in a smaller market size compared to solar inverters.

Germany Leading the Renewable Energy Transition:

Germany, with its strong inclination towards renewable energy resources and substantial government support, is anticipated to remain a pivotal market for photovoltaic mounting systems in Europe. FMI predicts a staggering 17.8% CAGR for Germany’s photovoltaic mounting system market during the assessment period. By 2033, the country’s market valuation is projected to reach an impressive US$ 42.2 billion.

Competitive Landscape:

The Europe photovoltaic mounting system industry boasts a blend of established and emerging players. Leading manufacturers, including-

• Schletter GmbH,
• Renusol GmbH,
• Schletter Group,

are in a competitive race to offer innovative, reliable, and cost-effective mounting solutions.

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Europe Photovoltaic Mounting System Market Segmentation

By Product Type:

• Rooftop
• Ground Mounted
• Carport Mounting Structure

By Sales Channel:

• Business to business (B2B)
• Business to Customer (B2C)

By Material Type:

• Aluminum
• Steel
• Others

By Technology:

• Fixed
• Tracking

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

The speed gate Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the speed gate market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for speed gate. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global speed gate market is on an impressive trajectory, projected to achieve remarkable revenues of US$ 1,620 million in 2023, and set to soar at a compelling Compound Annual Growth Rate (CAGR) of 8%. By 2033, this dynamic industry is anticipated to reach a staggering US$ 3,497.46 million, driven by a confluence of compelling factors.

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Driving Factors Igniting the Global Speed Gate Market:

Technological Advancements: The relentless pursuit of technological innovation within the speed gate industry is reshaping its landscape. Cutting-edge advancements, including biometric authentication, facial recognition, and contactless entry, are enhancing security and user experience, thereby amplifying market demand.

Heightened Security Concerns: In today’s rapidly evolving security landscape, the need for robust access control solutions has never been more critical. Speed gates, with their ability to swiftly and effectively restrict unauthorized access, are witnessing heightened adoption across various sectors, including commercial, residential, and public infrastructure.

Enhanced Operational Efficiency: Businesses are increasingly recognizing the efficiency gains achieved through the deployment of speed gates. These streamlined entry solutions optimize crowd management, reduce staffing costs, and ensure seamless, hassle-free access for users.

Sustainability Focus: The global shift towards sustainability and environmental responsibility is driving the integration of eco-friendly materials and energy-efficient technologies within speed gate systems. This eco-conscious approach is resonating with environmentally aware consumers and businesses alike.

Urbanization and Infrastructure Development: The ongoing wave of urbanization, coupled with substantial investments in infrastructure development projects worldwide, is fuelling the demand for reliable and efficient access control solutions. Speed gates are emerging as a vital component in these large-scale ventures.

Challenges Hindering Market Growth:

High Initial Investment: The adoption of advanced speed gate systems often requires a significant upfront investment, which can deter some budget-conscious buyers and smaller businesses.

Regulatory Compliance: Evolving regulatory landscapes and data protection requirements can pose compliance challenges for speed gate manufacturers and users. Navigating these complex legal frameworks demands meticulous attention.

Maintenance Costs: The maintenance and upkeep of sophisticated speed gate systems can sometimes incur substantial costs, which need to be factored into long-term budget considerations.

Regional Analysis: North America Demonstrates Lucrative Trends in the Speed Gate Sector

A prevailing trend in the North American market is the widespread adoption of facial recognition technology in conjunction with speed gates. This cutting-edge technology serves as the primary determinant for permitting or denying entry to travelers. Notably, it is projected to be utilized for data collection purposes concerning over 100 million individuals departing from the United States on a weekly basis.

Remarkably, in 2021, the top 20 airports within the United States had already implemented facial recognition technology, thereby necessitating the installation of a substantial number of speed gates to accommodate this innovation seamlessly.

In the North American context, retractable speed gates constitute a significant portion, claiming 38% of the market share in the speed gate sector. Concurrently, swing gates, constituting 50% of the market, emerge as the other prevalent variety extensively embraced within the region.

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Competitive Analysis: Leveraging Additional Services Enhances Profitability in the Speed Gate Market

Prominent players in the speed gate industry are strategically positioning themselves to capitalize on the vast growth potential and a discerning clientele. The integration of supplementary services by speed gate manufacturers has emerged as a pivotal driver of revenue generation.

Speed gate manufacturers have diversified their offerings to include streamlined installation services for their clientele. This strategic maneuver is expected to become a notable source of revenue within the global market.

For instance, Access Security Corporation, a distinguished player in the security solution installation and consulting sector, has a robust presence in key regions, including Delaware, New Jersey, and Philadelphia. The company excels in providing efficient and uncomplicated automated machine setups. Moreover, Access Security Corporation boasts a team of highly qualified and experienced technicians who not only enhance operational efficiency but also prolong the maintenance life of automated machinery.

Importantly, this commitment to service excellence has resulted in a flurry of positive user feedback, effectively serving as a potent marketing tool that stimulates sales within the market.

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Key Players Working in the of Speed Gate Market

• Boon Edam
• ZKTEco
• FAAC Group
• Kaba Group
• CAME S.p.A

Key Segments

By Product Type:

• Full-height Turnstiles
• Tripod turnstiles
• Flap Barriers

By Component:

• Hardware
• Software
• Services

By End Use:

• Transportation
• Residential
• Commercial
• Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: sales@futuremarketinsights.com

The Europe pre-insulated pipe Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Europe pre-insulated pipe market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Europe pre-insulated pipe. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2033. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

According to a recent report by Future Market Insights (FMI), the pre-insulated pipe market in Europe is anticipated to reach a valuation of US$ 1,263.2 million by 2023. The demand for pre-insulated pipes in the region is projected to demonstrate a robust compound annual growth rate (CAGR) of 6.6% from 2023 to 2033, resulting in an estimated overall market valuation exceeding US$ 2,379.7 million by 2033.

Currently, the European market is primarily driven by the single pipe segment, which holds a significant share of approximately 74%. This notable market dominance can be attributed to the increasing adoption of these pipes across various industrial sectors, highlighting their extensive utility and application.

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The surge in district heating and cooling initiatives across diverse European nations has been a significant driver for the increased demand for pre-insulated pipes. This trend is closely associated with the broader focus on reducing energy consumption and greenhouse gas emissions. As a result, there is a growing preference among end-users to transition to more sustainable heating and cooling systems, creating a favorable environment for the expansion and advancement of the European pre-insulated pipe industry.

Pre-insulated pipes are utilized in various sectors, including district heating and cooling systems, residential and commercial HVAC systems, and industrial processes. These pipes are typically made from materials such as copper, steel, or plastic, offering a wide range of configurations to meet specific application requirements.

Functioning as efficient insulation solutions for transporting both hot and cold fluids between different system components, pre-insulated pipes have become essential components within numerous renewable energy systems. The increasing adoption of pre-insulated pipes within the renewable energy sector is expected to significantly contribute to the growth of the European pre-insulated pipe market in the coming years.

Furthermore, the growing recognition of the numerous advantages offered by pre-insulated pipes is another significant driver bolstering their sales across Europe.

Key Takeaways of Europe Pre-insulated Pipe Market Study

• Europe pre-insulated pipe industry is projected to reach a valuation of US$ 2,379.7 million by 2033.
• Pre-insulated pipe demand across Europe is set to rise at a CAGR of around 6% through 2033.
• Based on application, HVAC systems segment is forecast to reach a value of US$ 848.1 million by 2033.
• By insulation thickness, the 1 to 2-inch segment is projected to create an incremental $ opportunity of US$ 464.5 million through 2033
• Germany pre-insulated pipe industry is poised to exhibit a CAGR of 5% from 2023 to 2033.
• The United Kingdom market is expected to surpass a valuation of US$ 345.3 million by 2033.
• Demand for pre-insulated pipes in Russia is forecast to surge at 2% CAGR during the assessment period.
• Tier-1 manufacturers account for around 45% to 50% of the overall Europe pre-insulated pipes industry.

“Rising popularity of district cooling across European countries is expected to bolster pre-insulated pipe sales during the next ten years. Manufacturers are likely to find expansion opportunities by focusing on utilizing various materials in their products, while catering to niche requirements as they arise across varying sectors like cooling or industrial.” – says a lead analyst at Future Market Insights (FMI)

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Who is Winning?

Uponor Corporation, GF Piping System, Logstor Denmark Holding ApS, Polypipe Group Plc, Polypipe Group Plc, and Brugg Group Ag are few of the top pre-insulated pipe manufacturers across Europe profiled in the report.

These players are focusing on introducing new products with features such as cost-effectiveness, durability, and easy installation. They are also showing interest in mergers, acquisitions, collaborations, partnerships, and agreements to gain a competitive edge in the market.

For instance,

In October 2021, Uponor Corporation completed the acquisition of Capricorn S.A., a prominent Polish manufacturer of components for sanitary and heating installations.

Find More Valuable Insights:

The research report analyzes the market demand trends of the Europe pre-insulated pipe industry. The market estimation and growth projection are based on factors such as end-use industries development, COVID-19 crisis impact, replacement ratio, and rate of urbanization.

As per Future Market Insights’ (FMI) research scope, the pre-insulated pipe market has been studied and segmented on the basis of insulation material, insulation thickness, configuration, pipe outer diameter, application, end use, and country. The report provides qualitative and quantitative information on various players in this market. This report also tracks the supply and demand sides of the market.

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Europe Pre-Insulated Pipe Market by Category

By Insulation Material:

• Polyethylene
• Polypropylene
• Polyurethane
• Phenolic Foam
• Mineral Wool – rock wool & slag wool
• Glass Wool/Fiberglass
• Elastomeric Foam
• Aerogel
• Others (Calcium Silicate, cellular glass)

By Insulation Thickness:

• 1 to 0.5 Inch
• 5 to 1 Inch
• 1 to 2 Inch
• 2 to 4 Inch

By Configuration:

• Single Pipe
• Twin Pipe

By Pipe Outer Diameter:

• Up to 6 Inch
• 6 to10 Inch
• 10 to 12 Inch
• 13 to 18 Inch
• 18 to 20 Inch
• 21 to 30 Inch
• Above 30 Inch

By Application:

• HVAC Systems
• Hot / Cold Water Piping
• Fuel / Gas / Lubricant Piping and Process Industry Piping

By End Use:

• Industrial
• Residential and Commercial HVAC
• District Cooling & Heating
• Civic Water Supply & Distribution

By Country:

• Germany
• Italy
• France
• United Kingdom
• Spain
• Benelux
• Nordics
• Russia
• Rest of Europe

About Us

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

According to Future Market Insights, global screw conveyor sales are expected to reach around US$ 884.2 million in 2022. Over the forecast period 2022 to 2032, the overall market size is expected to grow at a 4.8% CAGR, surpassing US$ 1,416.3 million by the end of 2032.

The increasing use of screw conveyors in various industries such as food and beverage, pharmaceutical, and mining and metallurgy is driving growth in the global screw conveyor market. Screw conveyors are pieces of equipment that are used to transport or move bulk materials from one stage of a process to another. Adoption of these machines has significantly increased overall productivity in industries. As a result, they are increasingly being used in a variety of industries.

Screw conveyors are commonly used to mix raw materials and transport material from one workstation to another in food and beverage processing plants. To ensure the safe movement of raw ingredients during the manufacturing process, food and beverage industries that use a high proportion of powdered ingredients require an automated conveying system.

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Screw conveyors are commonly employed by firms involved in the processing of food powders, raw materials, ready-to-eat foods, beverages, and dairy products. Hence, rising demand for these products will eventually elevate screw conveyor demand over the forecast period.

Similarly, increasing mining and agricultural activities, rapid growth of pharmaceutical industry, and rising export of conveying systems are expected to boost the global screw conveyor industry duirng the projection period.

Screw conveyors are widely used in the powder and raw ingredient processing industries, and the pharmaceutical industry frequently demands excipients (medicated powder formulations) for capsule or tablet formulations. Thus, expansion of pharmaceutical sector will create lucrative opportunities for screw conveyor manufacturers over the projection period.

Key Takeaways from Screw Conveyor Market Study

• During the forecast period (2022 to 2032), the screw conveyor market will expand at a CAGR of 4.8%.
• By product type, horizontal screw conveyor is estimated to account for over 44% share of the global market in 2022.
• Based on end use, the food and beverages segment will dominate the market, creating an incremental opportunity of about US$ 103.8 Mn between 2022 and 2032.
• Amid high penetration of automation, North America’s screw conveyor market is expected to expand at a CAGR of 4.5% during the assessment period.
• Screw conveyor demand in China is poised to increase at a CAGR of 5.2% from 2022 to 2032.
• Germany is anticipated to hold around 35% of market value share in Europe market over the forecast period.

“The ever-expanding end-use industries such as agriculture, mining, and so on, both in developed and emerging nations, are expected to drive the expansion of the screw conveyors market over the forecast period. Besides this, the growing usage of automated production lines across various sectors will fuel screw conveyor sales,” says a lead FMI analyst.

Who is winning?

The Screw Conveyor market is highly fragmented with the global player acquiring around 10% to 15% of the market share. Key players in this industry include Martin Sprocket & Gear, Inc., BEUMER Group GmbH & Co. KG, Flexicon Corporation, Screw Conveyor Corporation, Vecoplan AG, Conveyors, Inc., KWS Manufacturing Company Ltd., VAC-U-MAX and Others.

Find More Valuable Insights

The research report analyzes the demand for Screw Conveyors. The global Screw Conveyor market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends, and market background. The market has been analyzed based on product type, rotation capacity, end use, 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 factors.

About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial, and special-purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing, and identifying new revenue prospects.

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Global Screw Conveyor Industry by Category

By Product Type:

• Horizontal Screw Conveyor
• Inclined Screw Conveyor
• Vertical Screw Conveyor
• Shafted Screw Conveyor
• Shaft-less Screw Conveyor

By Rotation Capacity:

• Less than 45 RPM
• 45-105 RPM
• 105-165 RPM
• Greater than 165 RPM

By End Use:

• Mining and Metallurgy
• Agriculture
• Food and Beverage
• Chemical
• Pharmaceutical
• Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
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The power quality equipment market is anticipated to reach US$ 38.04 billion in 2023 and US$ 69.65 billion in 2033. During the forecast period, sales of power-quality equipment are projected to grow at a CAGR of 6.25%.

One of the main factors propelling the growth of the manufacturing sector is an increase in demand for continuous power supply to equipment used in process and manufacturing industries. Because manufacturing time is lost when there is a problem or interruption, there could be significant losses.

The broad acceptance of power quality equipment in the industrial and manufacturing sectors as a result of the continued expansion of transmission, distribution, and renewable integration are important factors driving the global market for power quality equipment toward expansion.

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Depending on the type of issue, the rating, and the electromechanical performance characteristics of the industrial equipment, the costs of power quality problems and remedies may vary dramatically. To cut downtime costs, remove inefficiencies, and protect expensive equipment from faults caused by power disruptions, it is crucial to use power-quality equipment.

Poor power quality is projected to have a major negative impact on industrial and manufacturing processes during the forecast period. Different industrial processes need varying degrees of power quality, and each has particular requirements for particular power quality elements. For industrial end users, cost-sensitive components of power quality include equipment failure, equipment downtime, product quality, and clean-up expenses.

Due to load balancing’s ability to stop electrical equipment from tripping, the market for technology that improves power quality has enticing growth potential. In addition, the food and beverage industry has grown considerably in recent years.

Key Takeaway:

• Due to the increasing digitalization of the broadcast communications industry, the United States is anticipated to dominate the global market for power quality equipment.
• One of the main end-users of power quality equipment in Europe is the fast-growing industrial and manufacturing sector, followed by the telecom industry and the commercial sector.
• The industrial and manufacturing segment is predicted to have the largest market size between 2023 and 2033.
• With a CAGR of 4.5% from 2023 to 2033, the telecoms sector is predicted to grow at the highest rate in the global market for power quality equipment.
• From 2023 to 2033, Asia Pacific is expected to invest US$ 9.8 Bn in building smart framework foundations.
• From 2023 to 2033, the market for power quality equipment in China is anticipated to expand at a CAGR of 8.5%.
• From 2023 to 2033, it is predicted that Asia Pacific will invest US$ 10.7 Bn in the construction of smart grid systems.
• In 2021, the three-phase segment held the highest revenue share 74%.

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What are the Major Players in the Market for Power Quality Equipment Doing?

The industrial sector including mining, manufacturing, agriculture, and construction, has the highest energy consumption per end-use sector. The requirement for a constant and dependable power supply in various industries, particularly industrial facilities, is expected to expand, which would lead to an increase in the need for power quality equipment.

The food and beverage business has been completely saturated in recent years. Due to the growing urban population, rising health concerns, and general government activities, interest in packaged food varieties and handled dairy products has surged.

Toshiba Corporation, General Electric Company, ABB Ltd., Schneider Electric, Emerson Electric Company, Siemens AG, Eaton Corporation Plc., MTE Corporation, Active Power Inc., Smith’s Group plc. are some of the key players proliferating in the market.

Recent Developments in the Power Quality Equipment Industry:

• In May 2021, ESB awarded Siemens Energy three contracts to provide its Static Compensator technology (SVC Plus) for the management of grid stability at three substations in South-West Ireland.
• In March 2020, the Schaffner company unveiled its Ecosine Max series of passive harmonic filters. These harmonic filters provide compliance with IEEE-519 and other international power quality standards.
• To diversify its line of edge computing and distributed IT products, Eaton acquired Tripp Lite in January 2021. Tripp Lite is a provider of connectivity and power quality solutions.

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Key Market Segmentation:

By Type:

• Surge Arrester
• Surge protection devices
• Harmonic filters
• Power conditioning units
• Power distribution units
• Voltage regulators
• Uninterruptable power supplies
• Synchronous condensers
• Digital static transfer switches,
• Static VAR compensators
• Solid oxide fuel cells
• Isolation transformers
• Power quality meters

By Application:

• Industrial & Manufacturing
• Commercial
• Residential
• Transportation
• Utilities

By Phase:

• Single Phase
• Three Phase

By End User:

• Telecommunications
• Automotive & Industrial
• Electrical & Electronics
• Energy & Utilities
• Others

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us :

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

According to Future Market Insights, the Latin America construction equipment market is expected to grow from US$ 8,676.6 Mn in 2022 to US$ 13,586.7 Mn by 2032, with overall sales exhibiting a CAGR of 4.6% throughout the forecast period.

Rising investments by government in developing and expanding public infrastructure is a key factor expected to drive the demand for construction equipment across Latin America during the forecast period.

Similarly, progress in the logistics and transportation industries, as well as the presence of supportive government initiatives for infrastructure development, are expected to drive the Latin American construction equipment market during the forecast period.

Furthermore, rapid growth of the residential sector due to growing population and rapid urbanization across Latin American countries like Brazil, Mexico, and Chile will boost sales of construction equipment over the next ten years.

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Manufacturers are continuously innovating to develop energy-efficient and low-emission construction equipment to expand their customer base as well as to increase their revenue share. This will bode well for the Latin America construction equipment.

Key Takeaways of Construction Equipment Market Study

• Based on equipment type, earth moving machinery segment is projected to increase at a value CAGR of 4.8% to reach around US$ 8,962.2 Mn by the end of 2032.
• In terms of end use, the industrial & institutional segment is anticipated to create an absolute dollar opportunity worth US$ 1,886.7 Mn.
• By drive type, hydraulic segment is projected to account for around 65% share by the end of the forecast period.
• Mexico is anticipated to account for 30% market share of the global Latin America construction equipment market by the end of 2032.
• Demand for construction equipment in Brazil is likely to surge at 5.4% CAGR during the forecast period.
• The overall construction equipment market in Chile is expected to grow at 5.1% CAGR through 2032.

Competitive Landscape

The Latin American construction equipment market is consolidated owing to the presence of global players across the region. Manufacturers are mainly engaged in the research and development, manufacturing, sales, and services of high-tech equipment, such as construction machinery, as well as the provision of financial services such as finance leasing. They aim to build a high-end equipment manufacturing enterprise that integrates engineering machinery, equipment, and financial services.

Some of the market’s leading players include Caterpillar Inc., Komatsu Ltd., Deere & Company, CNH Industrial N.V., Sany Heavy Industry Co., Ltd., Zoomlion Heavy Industry Science and Technology Co., Ltd., Liebherr-International AG, and KOBELCO Construction Machinery Co., Ltd.

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Key Segments Covered in Latin America Construction Equipment Industry Analysis

By Equipment Type:

• Earth Moving Machinery
  • Excavator
  • Loader
  • Others
• Construction Material Handling Machinery
  • Crawler Cranes
  • Trailer Mounted Cranes
  • Truck Mounted Cranes
• Concrete and Road Construction Machinery
  • Concrete Mixer & Pavers
  • Construction Pumps
  • Articulated Dump Truck
  • Asphalt Finisher
  • Backhoe Loader
  • Road Roller
  • Others

By Drive Type:

• Hydraulic
• Electric and Hybrid

By Power Output:

• <100 HP
• 101–200 HP
• 201–400 HP
• >400 HP

By Sales Channel:

• New
• Used

By End Use:

• Residential
• Commercial
• Industrial and Institutional

By Country:

• Brazil
• Mexico
• Argentina
• Peru
• Chile
• Rest of Latin America

Explore wide-ranging Coverage of FMI’s Industrial Automation Market Insights Landscape:

Solar Microinverter Market Size: Global demand for solar microinverter is expected to at a CAGR of 18.1% from 2022 to 2032, reaching a valuation of US$ 5,716.0 Mn by 2032.

India Power Tool Market Share: The global India power tool market is expected to reach a market valuation of USD 5672.60 Mn by 2022, accelerating with a CAGR of 8.9% by 2022-2032. The India power tool market is expected to reach a valuation of US$ 13306.41 Mn by 2032.

Industrial Hearables Market Forecast: Demand in the Industrial Hearables Market is projected to increase at a robust 7.8% CAGR between 2022 and 2026. Future Market Insights (FMI) forecasts the market value to top US$ 991.5 Mn in 2026.

Industrial Battery Chargers Market Demand: The global industrial battery chargers market is projected to witness growth at a CAGR of 8.5%, to create an absolute $ opportunity of more than US$ 2.25 Bn in 2022. The sales in industrial battery chargers are expected to exceed US$ 3.67 Bn by the end of 2028.

Gas Insulated Substation Market Growth: sales in the gas insulated substation market are expected to top US$ 12.5 Bn by 2021. Growth outlook remains positive as the market is assessed to register 5.7% CAGR between 2021 and 2031.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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