Argon Gas Market to Hit US$ 372.2 Million by 2032, Driven by Rising Demand in Metal Fabrication and Electronics

The global argon gas market is estimated to reach US$ 372.2 Million by 2032, with demand growing at a 5.4 % CAGR over the forecast period.

Along with this, it has the potential of a neuroprotective agent in the treatment of brain injuries such as in vitro oxygen-glucose deprivation (OGD) and traumatic brain injury (TBI). The increasing use of argon gas in electrospray ionization mass spectrometry is anticipated to create opportunities for growth in the market over the forecast period.

In addition to this, the consumption of argon gas in the metal fabrication industry and electronics sector is rising rapidly. In the metal fabrication industry, argon gas is used to create an optimized atmosphere and it’s used as a shielding agent because it does not react with other components in the air.

It creates a nitrogen and oxygen-free environment for the annealing and rolling process. The size and density of the argon molecule make it an ideal element for welding.

New product developments, technological upgrades, and rapid urbanization across various countries will spur demand for argon gas for metal fabrication in the construction sector.

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Moreover, surging demand from the electronics sector will augment the growth in the market over the forecast period. It is used as a carrier gas for semiconductor manufacturing processes.

Argon gas prevents reactions and protects the silicon crystal that is formed on the wafer. Rising demand for smartphones, laptops, televisions, solar PV cells, and other electronic products will continue driving sales in the market.

Despite of wide applications of argon gas, its separation is difficult owing to its diffusive and adsorptive properties. Companies are adopting cost-effective, reliable, and operationally flexible solutions for the production of argon gas.

“Growing adoption of argon gas in the healthcare and lighting sectors, along with technological advancements in the production and supply of rare gases across the globe will create prospects for growth in the market,” says an FMI analyst.

Key Takeaways:

  • In terms of applications, sales of argon gas in the lighting segment are projected to increase at a 4.4% CAGR over the forecast period.
  • The USA will continue dominating the North America argon gas market, with sales growing at a 4.3% CAGR through 2032.
  • Germany will account for a lion’s share in the Europe argon gas market, with total demand reaching a valuation of US$ 16.8 Milllion by 2032.

Competitive Landscape

  • Air Products
  • Airgas
  • Air Liquide
  • Messer
  • American Gas Products
  • Linde
  • Praxair Technology, Inc.
  • SOS gases Inc
  • Specgas Inc.
  • Mil-Spec Industries
  • Toll Gas Inc
  • Nova Gas Technologies Inc., and
  • Boc Gases Ireland Inc.

These are some of the key manufacturers of argon gas profiled by FMI.

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Argon Gas Market by Category

Supply Mode:

  • Cylinders
  • Bulk & Micro Tanks
  • Drum Tanks
  • On-Site

Application:

  • Metal Production & Processing
  • Electronics
  • Lighting
  • Others

By Region:

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

Related Links:

https://penzu.com/journals/28471436/100080576

https://party.biz/blogs/181731/362303/acrylic-acid-industry-size-share-demand-growth-by-2032

https://www.bloggalot.com/business-post/acrylic-acid-industry-size–share–demand—growth-by-2032

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 stands as 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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Amines Market to Skyrocket to US$ 99,445.7 Million by 2034, Driven by Pharmaceutical and Agrochemical Sectors

The global amines market, valued at US$ 39,469.6 Million in 2024, is expected to rise at a CAGR of 9.7% between 2024 and 2034. By 2034, the amines market is projected to generate US$ 99,445.7 Million.

Technical advancements in amine manufacturing have boosted its use in commercial and consumer applications, which is a major market driver. The use of amines in new industrial applications, such as water treatment, is anticipated to spread to other industrial sectors.

The chemical has many uses now as a result of ongoing research and development, which is another driver boosting the market. The market has excellent prospects for expansion as a result of the rising usage of new applications.

Stumbling Blocks of the Market

However, the use of amines causes human health issues such as skin diseases, which is a market limitation. One of the main uses of the market is the use of amines in personal care products, which is restricted by strict regulatory laws. The market for amines is predicted to be restrained by the increased use of bio-based chemicals and products in agriculture.

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Pharmaceutical Industry Luring Market Opportunities

The pharmaceutical industry’s growing need for amines to manufacture painkillers is predicted to present the amines market with tremendous growth potential. Growing numbers of elderly people and the prevalence of numerous chronic diseases are driving a growing demand for healthcare services. As a result, the market for amines is expanding due to the expansion of the pharmaceutical industry.

It is anticipated that the growing personal care market, where amines are used to make cosmetics, toiletries, skincare, hair care, and fragrances, will present profitable business opportunities. The purchasing power of consumers for personal care and hygiene products is rising as a result of lifestyle changes.

Regional Outlook

The region that produces the most amines and consumes the most is Europe. Europe currently has the biggest market share as a result. However, the Asia-Pacific region is anticipated to have the highest development potential for the market due to the rising demand and significant investments made there by industry players.

Key Takeaways

  • Aromatic amines in the product type segment of the amines market are to grow at a CAGR of 11.2% during the forecast period.
  • MDI segment of the amines market in the end-use segment to expand at a CAGR of 7.4% from 2033 to 2033.
  • The market for amines to grow at a CAGR of 9.7% and reach US$ 99,445.7 Million by 2034.
  • The amines market to expand at a CAGR of 5.5% and achieve US$ 1.4 Billion by 2033.
  • The Chinese market for amines may advance at a CAGR of 11.2% in 2034
  • By 2034, the Japan amines market might thrive at a CAGR of 10.0%.
  • The South Korean market for amines may advance at a CAGR of 2.5%.

Competitive Landscape

The main tactics used by market participants to expand their market share by pooling resources and expertise are partnerships and collaborations.

Some of the leading companies operating in the market are:

  1. BASF SE
  2. Evonik Industries AG
  3. Lonza
  4. Akzo Nobel N.V
  5. Arkema Group
  6. Celanese Corporation
  7. Clariant
  8. Daicel Corporation
  9. Dow Chemical Company
  10. Huntsman International LLC
  11. Eastman Chemical Company
  12. INEOS
  13. LyondellBasell Industries N.V.
  14. Mitsubishi Gas Chemical Company Inc.
  15. SABIC
  16. Solvay
  17. Tosoh Corporation
  18. Indo Amines Limited
  19. Balaji Amines
  20. Amines & Plasticizers Limited
  21. Alkyl Amines Chemicals Limited
  22. RCF Limited

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Recent Development

Expansion

  • A new specialty amines plant will be launched by BASF at its location in Nanjing Chemical Industry Park in China, the company stated in September 2017. The new multi-product facility has an annual production capacity of 21,000 metric tonnes.
  • At the BASF Verbund plant in Ludwigshafen, BASF stated in April 2019 that it would boost the production capacity of alkyl ethanolamines (AEOA) by 20%.

Launch

  • A new specialty amines plant will be launched by BASF at its location in Nanjing Chemical Industry Park in China, the company stated in September 2017. The new multi-product facility has an annual production capacity of 21,000 metric tonnes.
  • At the BASF Verbund plant in Ludwigshafen, BASF stated in April 2019 that it would boost the production capacity of alkyl ethanolamines (AEOA) by 20%.   

Key Segments

Product Type:

  • Aromatic Amines
  • Fatty Amines
  • Specialty Amines
  • Aliphatic Amines
  • Amine Derivatives
  • QAC

End Use:

  • MDI
  • Pharmaceuticals
  • Agrochemicals
  • Paints, Coatings, Dyes & Inks
  • Plastic, Polymer & Rubber
  • Water Treatment
  • Cosmetics & Personal care Industrial & Home care
  • Others

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 stands as 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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Glass Tempering Systems Market Set to Surge, Anticipated to Reach USD 108.9 Billion by 2033, With a 4.8% CAGR

The Glass Tempering Systems Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Glass Tempering Systems market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Glass Tempering Systems. 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 glass tempering systems market is poised for significant expansion and is expected to reach a valuation of approximately USD 71,389.8 million by the conclusion of 2023. This noteworthy trajectory reflects a reinvigorated industry, marked by a robust adoption rate across critical sectors such as automotive, architecture, and electronics. Forecasts suggest a consistent and substantial CAGR of 4.8% during the period from 2023 to 2033, ultimately resulting in an impressive valuation of approximately USD 108,864.8 million by the year 2033.

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Driving Factors Accelerating the Global Glass Tempering Systems Market

  1. Thriving Automotive Industry: The automotive sector, a perennial powerhouse of innovation, is fervently embracing glass tempering systems. Enhanced safety and design aesthetics have become paramount, driving the demand for tempered glass in vehicle manufacturing. This thrust is compelling automakers to integrate advanced tempering technologies into their production processes.
  2. Architectural Advancements: Aesthetic excellence, energy efficiency, and security are pivotal in modern architectural designs. Glass, due to its versatility, has become the cornerstone of these architectural advancements. Glass tempering systems play a pivotal role in ensuring the durability and safety of architectural glass, leading to a surge in their adoption within the construction industry.
  3. Electronics on the Rise: The relentless march of technology places ever-increasing demands on electronic devices. Tempered glass is a linchpin in the production of durable, shatter-resistant screens for smartphones, tablets, and other gadgets. As consumer electronics continue to proliferate, so too does the demand for glass tempering systems.
  4. Stringent Safety Regulations: Governments and regulatory bodies worldwide are becoming more stringent in their safety regulations, particularly in sectors like automotive and construction. Glass tempering systems offer compliance with these rigorous standards, making them indispensable in ensuring product safety and adherence to regulations.
  5. Sustainability Surge: With the global emphasis on sustainability and environmental responsibility, tempered glass is gaining traction due to its recyclability and energy-efficient properties. Businesses are leveraging this trend to meet the demands of eco-conscious consumers and reduce their carbon footprint.

Challenges Hindering Market Growth

While the glass tempering systems market is primed for unprecedented growth, it is not without its challenges:

  1. High Initial Investment: Implementing advanced glass tempering systems requires a significant upfront investment. This can be a deterrent for smaller businesses looking to enter the market or upgrade their existing equipment.
  2. Intensive Technological Expertise: Operating and maintaining tempering equipment demands a high level of technical expertise. Businesses may face challenges in sourcing and retaining skilled personnel.
  3. Fluctuating Raw Material Costs: The cost of raw materials for tempered glass, particularly high-quality glass, can fluctuate due to market conditions. This can affect profit margins and pricing strategies.
  4. Global Supply Chain Disruptions: The glass industry, like many others, is susceptible to supply chain disruptions, including raw material shortages and transportation bottlenecks. These disruptions can impact production schedules and delivery times.

Key Takeaways: Integration of Advanced Technologies in Glass Tempering

  • Automation in Flat Tempering: Key manufacturers are adopting advanced technologies to automate flat tempering processes, streamlining production and improving efficiency.
  • Online Stress Calculation: The use of an online stress calculation solution, which leverages process data, helps in real-time assessment of temperature and stress distribution during quenching in the tempering process.
  • Tempering Process Autopilot: Automation reduces the need for constant operator input, offering precise process control without manual adjustments, enhancing efficiency and consistency.
  • Benefits for Customers: Customers benefit from these innovations with increased bed utilization, leading to improved energy efficiency, greater capacity, enhanced quality, repeatability, and enhanced operational safety.
  • Predictive Maintenance: Machines equipped with these technologies can proactively manage predictive maintenance, minimizing downtime, and can suggest spare part replacements when needed, optimizing overall equipment performance.

Competitive Landscape

Leading manufacturers of glass tempering systems are aggressively expanding their customer base by actively participating in global exhibitions, where they showcase their cutting-edge products and innovations. Additionally, they maintain a relentless focus on enhancing their existing product portfolios while simultaneously developing innovative, high-quality, and dependable products. Merger and acquisition activities are also a strategic imperative for these companies, aimed at bolstering their global presence.

Furthermore, these manufacturers are deeply committed to the integration of artificial intelligence (AI) in automating the glass tempering process. For instance, on August 17, 2022, Glaton Corporation unveiled its latest advancement in automating flat tempering, introducing an online stress calculation solution that utilizes real-time process data to compute temperature and stress distribution within the quenching segment of the tempering process.

Notable recent developments in this dynamic industry include:

  • In 2020, Hegla significantly expanded its foothold in the glass processing sector by introducing the CTF series of flat glass tempering furnaces.
  • In May 2021, Glaston Corporation entered into a strategic partnership with Softsolution, an Austria-based manufacturer specializing in quality assurance systems for the glass industry. This collaboration marks a substantial leap forward in advancing glass quality inspection within heat treatment processes.
  • In 2018, TaiFin successfully sold its CTF tempering furnace to Garibaldi Glass Industries, underlining its commitment to providing cutting-edge solutions to meet the evolving needs of the glass industry.

Key Players:

  • LiSEC Austria GmbH
  • Luoyang Landglass Technology Co. Ltd.
  • Luoyang North Glass Technology Co., Ltd.
  • Keraglass Industries Srl .
  • SAS VILUX
  • CoolTemper Ltd
  • Lambert GT Services Ltd
  • IGE Glass Technologies, Inc
  • Saint-Gobain SA.
  • EFCO

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Key Segments Covered in Glass Tempering System Industry Analysis

By Tempering Technology:

  • CHQE
  • Standard Configuration
  • Advanced Configuration
  • Chemical Treatment

By Application:

  • Flat
  • Continuous
  • Oscillating
  • Bent
  • Combined Flat and Bent

By End Use:

  • Automotive Window
  • Architectural
  • Windows And Façade
  • Mirror & Partitions
  • Furniture
  • Electronics
  • Smartphone
  • Appliances
  • Solar Applications
  • Others

By Region:

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

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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:

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Odour Control System Market: CAGR of 4.8% and USD 1.99 Billion Expected by 2033, with a 4.8% CAGR

The odour control system Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the odour control system market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for odour control system. 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 odour control system market is poised for a meteoric rise, with projections indicating a significant valuation of USD 1.19 billion in 2022 and an anticipated surge to USD 1.25 billion by the close of 2023. This remarkable trajectory is underpinned by a robust compound annual growth rate (CAGR) of 4.8%. By 2033, the global odour control system market is expected to reach an impressive market worth of USD 1.99 billion.

Driving Factors Fueling Global Odour Control System Market Growth:

  1. Environmental Regulations and Compliance: Stringent environmental regulations imposed by governing bodies across the globe are compelling industries to invest in odour control systems. Compliance with these regulations is not merely a choice but a necessity, driving the adoption of odour control solutions.
  2. Industrial Expansion: The burgeoning industrial landscape, especially in emerging economies, is generating a higher demand for odour control systems. As industrial activities expand, so does the need to mitigate odour emissions to ensure a harmonious coexistence with surrounding communities.
  3. Urbanization and Population Growth: Rapid urbanization and population growth have led to the development of residential areas in close proximity to industrial zones. This proximity necessitates efficient odour control measures to address potential odor nuisances.
  4. Technological Advancements: Advances in technology have led to the development of more efficient and cost-effective odour control solutions. Innovations such as biofiltration and chemical scrubbers are enhancing the efficacy of odour control systems.
  5. Health and Quality of Life Concerns: Increasing awareness about the impact of odour emissions on public health and quality of life is driving individuals, communities, and industries to invest in odour control systems as a proactive measure.

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Challenges Restraining Market Growth:

  1. Cost Constraints: The initial investment required for installing odour control systems can be substantial, posing a challenge for some businesses, particularly smaller ones. However, the long-term benefits often outweigh these upfront costs.
  2. Complex Regulatory Landscape: Navigating the complex landscape of environmental regulations and compliance standards can be daunting for businesses. Adherence to evolving regulations necessitates ongoing adjustments and investments.
  3. Technological Adaptation: While technology is a driving force, its rapid evolution can pose challenges in terms of keeping up with the latest innovations and ensuring that systems remain up-to-date.

Key Market Trends and Highlights

Waste-to-Energy Projects:

  • Rising importance of renewable energy sources fuels waste-to-energy initiatives.
  • Odour control systems are crucial to mitigate emissions, ensuring eco-friendly energy production and social acceptance.

Electronics Manufacturing:

  • Data centers and electronics manufacturing facilities require odour control systems.
  • Necessary for protecting sensitive equipment from corrosive gases, ensuring stable operations.

Legal Cannabis Market Expansion:

  • Legalization drives indoor cannabis cultivation.
  • Specific odour control systems are vital to manage potent odours and meet regulatory requirements.

Public Transportation:

  • Odour control systems are essential for enhancing air quality.
  • Improve lavatory cleanliness and passenger comfort, leading to better service and increased traveler satisfaction.

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Competitive Landscape

The market is characterized by intense competition among major players, presenting a fragmented structure. To enhance their market presence, these firms employ various strategies, including mergers, acquisitions, collaborations, and partnerships. These strategic maneuvers enable companies to expand their global operations and enhance their product offerings, particularly in specific geographic regions.

As numerous businesses focus on advancing sophisticated and cost-effective system types and technologies, it is anticipated that industry competitiveness will further intensify. Major competitors are currently prioritizing the provision of affordable and low-maintenance products to secure a substantial market share. Additionally, primary industry players are allocating significant resources to research and development efforts, aiming to deliver superior system types.

Key Players:

  • Babcock & Wilcox Enterprises, Inc.
  • CECO Environmental.
  • Anguil Environmental Systems, Inc.
  • Evoqua Water Technologies LLC
  • Scotmas Limited
  • Ecolab Inc.
  • Tholander Ablufttechnik GmbH

Segmentation Analysis of the Odour Control System Market

By System:

  • Physical Odour Control
    • Adsorption System
    • Ozone Generators
  • Chemical Odour Control
    • Chemical Scrubbers
    • Thermal Oxidizers
  • Biological Odour Control
    • Biofilters/Biotrickling Filters
    • Bio Scrubbers

By Application:

  • Waste Treatment Facilities
  • Food & Beverages
  • Pulp & Paper
  • Chemical & Petrochemical
  • Other Industries

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South Asia and Pacific
  • East Asia
  • The Middle East & Africa

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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:

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Aircraft Ground Support Equipment Industry: Projected CAGR of 6.8% Leading to a Market Valuation of USD 21.2 Billion by 2033

The Aircraft Ground Support Equipment Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Aircraft Ground Support Equipment market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Aircraft Ground Support Equipment. 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 Aircraft Ground Support Equipment (GSE) Market is currently experiencing significant growth, primarily driven by the increasing demand for air travel and subsequent surge in air traffic. As passenger volumes and flight frequencies continue to rise, airports face a critical need for highly efficient and reliable ground support equipment to facilitate essential aircraft servicing, luggage handling, refueling, and other vital ground operations. Furthermore, this demand for advanced GSE is further amplified by the continuous expansion of airline fleets and the opening of new routes.

Projections suggest that the global aircraft ground support equipment market is set to achieve a substantial valuation of approximately USD 11.0 million by 2023. This remarkable growth is fueled by ongoing expansion and modernization initiatives at airports worldwide. Looking ahead to 2033, the market is expected to reach a significant milestone, with an estimated valuation of USD 21.2 billion. This trajectory reflects a commendable Compound Annual Growth Rate (CAGR) of 6.8% from 2023 to 2033.

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The increasing demand for air travel and subsequent rise in air traffic are significant drivers fueling the need for aircraft ground support equipment. With escalating passenger numbers and flight frequencies, airports are increasingly reliant on efficient and reliable ground support equipment to manage a range of operations including aircraft servicing, baggage handling, refueling, and other ground-based functions. Moreover, the expansion of airline fleets and route networks emphasizes the importance of advanced ground support equipment in the aviation industry.

The global expansion and modernization of airports require the deployment of cutting-edge ground support equipment. As airports undertake ambitious infrastructure development projects such as runway extensions, terminal expansions, and the construction of new facilities, there is a corresponding need for integrating state-of-the-art ground support equipment to meet evolving operational demands. This necessity highlights the adoption of automated systems, electric-powered machinery, and advanced technologies aimed at optimizing efficiency and enhancing the overall passenger experience.

The Asia-Pacific region is experiencing significant growth in the aviation sector, driven by increasing demand for air travel and concurrent expansion of airport infrastructure. Notably, countries like China, India, and various Southeast Asian nations have witnessed remarkable growth in air traffic. This rapid increase in demand underscores the urgent requirement for advanced ground support equipment, essential for maintaining efficient ground operations and ensuring seamless aircraft servicing.

Top of Form

Key Takeaways from the Market Study

  • From 2018 to 2022, the aircraft ground support equipment market demand expanded at a CAGR of 6.4%
  • Based on equipment, the aircraft service segment accounts for a CAGR of 6.7%
  • By ownership, the rental segment is expected to expand at a CAGR of 6.5% during the forecast period
  • North America to emerge as a promising aircraft ground support equipment market, capturing a CAGR of 6.7%
  • The aircraft ground support equipment market in the United Kingdom is predicted to capture a market share of 35.2%
  • Asia Pacific to be an opportunistic aircraft ground support equipment market, expected to capture a CAGR of 6% during the forecast period.

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Competitive Landscape

The global aircraft ground-supporting equipment market exhibits a notable degree of fragmentation, characterized by the presence of numerous significant players ranging from large corporations to medium-sized enterprises. Within this competitive landscape, industry leaders are actively engaging in strategic partnerships and agreements as part of their concerted efforts to secure and expand their market share.

Prominently, key players in the aircraft ground-supporting equipment sector include:JBT Corporation

  • Air T, Inc.
  • Textron, Inc.
  • China International Marine Containers (Group) Co., Ltd
  • Weihai Guangtai Airport Equipment Co., Ltd.
  • Cavotec SA,
  • ALVEST Group
  • MulagFahrzeugwerk Heinz Wössner GmbH u. Co. KG
  • Tronair, Inc.
  • Lektro Inc.

Textron ground support equipment has focused on developing electric ground support equipment to meet sustainability goals. They have introduced electric towbarless aircraft tractors, electric belt loaders, and electric ground power units (GPU) that provide cleaner and quieter operations.

JBT Corporation has been investing in advanced technologies for their ground support equipment products. They have developed automated guided vehicles (AGVs) for baggage handling, autonomous tow tractors, and intelligent ramp management systems that optimize aircraft parking and movement on the ground.

TLD Group has been actively involved in developing electric ground support equipment solutions. They have introduced electric aircraft pushback tractors, electric baggage tractors, and electric GPUs to reduce emissions and noise levels. They also offer advanced GSE management systems that enable real-time monitoring and optimization of ground operations.

Know More About What the Aircraft Ground-Supporting Equipment Market Report Covers

Future Market Insights offers an unbiased analysis of the global aircraft ground-supporting equipment market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the aircraft ground-supporting equipment market, the market is segmented based on equipment, power, application, and application across five major regions.

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Aircraft Ground Support Equipment Market by Category

By Equipment:

  • Passenger Service
  • Boarding Steps & Stairs
  • Airport Buses & Transport
  • Beds/Chairs Lifts
  • Aircraft Service
  • Refuelers
  • Tugs & Tractors
  • Ground Power Unit (GPU)
  • Air Start Units (ASU)
  • Lavatory Service Vehicles
  • De-icing Vehicles
  • Rescue & Firefighting
  • Air Conditioners
  • Others
  • Cargo Loading
  • Container Loaders
  • Belt Loaders
  • Cargo Transporters
  • Cargo Dollies

By Power:

  • Electric
  • Non-electric
  • Hybrid

By Ownership:

  • New Sales
  • Rental/Lease

By Application:

  • Commercial
  • Defense

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

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.
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T: +1-845-579-5705
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Fire Extinguisher Market Insights: Rising at a 5.7% CAGR by 2033, Projected Value of US$ 7 Billion

The Fire Extinguisher Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Fire Extinguisher market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Fire Extinguisher. 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 Fire Extinguisher Market is currently experiencing a consistent upsurge in demand, driven by a concerning increase in fire-related fatalities within both residential and commercial settings. As the imperative for effective fire control becomes increasingly apparent, fire extinguishers have emerged as indispensable tools for swiftly and efficiently extinguishing flames, particularly in confined spaces. These essential devices are thoughtfully designed with simplicity at their core, empowering individuals to confidently and effectively address fire emergencies.

According to a report by Future Market Insights, the fire extinguisher market is projected to exhibit a CAGR of 5.7% from 2023 to 2033. By the conclusion of this specified period, it is estimated that the market will attain a valuation of approximately US$ 7 billion. Notably, fire extinguisher sales are expected to reach a significant milestone, surpassing US$ 4 billion by the year 2023.

As the incidence of fire-related fatalities in both residential and commercial properties continues to rise, so too does the demand for fire extinguishers. These devices, with their simplicity of operation, play a pivotal role in mitigating fire hazards during critical emergency situations.

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The installation and maintenance of hydrant systems and automated fire sprinkler systems necessitate the involvement of skilled firefighters or specialized equipment, both of which are limited in their applicability within confined spaces. Additionally, the implementation of sprinkler systems can be cost-prohibitive, rendering them inaccessible to certain entities.

Key Takeaways from the Market Study

  • From 2018 to 2022, the global fire hydrant market grew at a CAGR of 4.5%
  • As of 2022, the fire hydrant market was valued at US$ 3.8 billion
  • The United States is expected to be an opportunistic market, accumulating a valuation of US$ 1 billion in 2021
  • Germany to account for 15.7% of the European fire extinguishers demand
  • As of 2022, the market for fire extinguishers in China was valued at US$ 560 million
  • India to experience a CAGR of 6% from 2023 to 2033 with respect to fire extinguishers sales
  • Around 1/4thof all fire extinguishers are expected to comprise dry chemicals
  • By fire type, class A fires to generate incremental opportunity worth US$ 1.6 billion

‘The global fire extinguisher business is expected to grow significantly. Increased construction activity for commercial spaces, new manufacturing plants, and the introduction of new housing developments, combined with the implementation of strict fire safety laws, are all influencing the global fire extinguishing market,’ says FMI analyst.

Competitive Landscape

The global fire extinguisher marketplace is extremely competitive with numerous small-scale and local competitors present. Key players in the fire extinguishers market use tactics such as company growth through mergers and acquisitions, product launches, partnerships, and alliances.

  • Ceasefire Industries Pvt. Ltd. unveiled an exclusive range of home extinguishers with a compact point-and-shoot construct in August 2022.
  • SFP Holding, Inc. declared in June 2002 that its subsidiary companies, Summit Fire & Security and Summit Fire Protection, had just concluded ten strategic acquisitions.

More Valuable Insights

Future Market Insightsin its new offering, presents an unbiased analysis of the global fire extinguisher market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights by product type (water, foam, we chemical, dry powder, carbon dioxide, dry chemical, and others), fire type (class A, class B, class C, class D, and class D), and end-user (residential, commercial, industrial, public areas, and others) across five major regions (North America, Latin America, Asia Pacific, Europe and Middle East & Africa).

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Key Segments Profiled in the Fire Extinguisher Industry Survey

By Product Type:

  • Water
    • Air-Pressurized Water
    • Water-Mist
  • Foam
    • Aqueous Film-Foaming Foam
    • Compressed Air Foam System
    • Others
  • Wet Chemical
    • Potassium Acetate
    • Potassium Carbonate
    • Potassium Citrate
  • Dry Powder
  • Carbon Dioxide
  • Dry Chemical
  • Others

By Fire Type:

  • Class A
  • Class B
  • Class C
  • Class D
  • Class K

By End-Use:

  • Residential
  • Commercial
  • Industrial
  • Public Areas
  • Others

Region:

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

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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:

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Retail Printers and Consumables Market Set to Reach USD 4,480.8 Million by 2033 with a 4.5% CAGR Expansion

The Retail Printer and Consumables Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Retail Printer and Consumables market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Retail Printer and Consumables. 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 retail printers and consumables market, which soared to an impressive USD 2,885.3 million in 2022, is on an upward trajectory and projected to scale new heights, reaching a valuation of USD 3,015.1 million by 2023. This dynamic sector is poised for a stellar performance, driven by a confluence of factors that are shaping the retail landscape worldwide.

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Key Drivers Accelerating Market Growth:

  1. E-commerce Revolution: The relentless expansion of e-commerce is revolutionizing retail, and the demand for retail printers and consumables is surging in tandem. As online shopping becomes the norm, the need for efficient order processing, shipping labels, and packaging materials is driving the adoption of retail printing solutions.
  2. Retail Digitization: In an era where data is paramount, retail businesses are embracing digital technologies for inventory management, pricing, and customer engagement. Retail printers play a pivotal role in generating essential documentation, pricing tags, and receipts, making them indispensable tools for modern retailers.
  3. Supply Chain Optimization: The global supply chain ecosystem is witnessing a transformation, with an emphasis on efficiency and accuracy. Retail printers and consumables are integral components in maintaining real-time tracking, ensuring seamless inventory management, and reducing operational costs.
  4. Customer Experience Enhancement: Retailers are investing heavily in enhancing the overall shopping experience. Retail printers aid in providing customized receipts, coupons, and promotional materials, thereby fostering customer loyalty and retention.
  5. Environmental Sustainability: As businesses become increasingly eco-conscious, there is a growing demand for eco-friendly printing solutions. Manufacturers are responding by developing sustainable consumables and energy-efficient printing technologies, aligning with global sustainability goals.

Market Restraint:

Despite the promising growth prospects, the global retail printers and consumables market faces a notable restraint – the challenge of technological obsolescence. Rapid advancements in technology can render existing equipment outdated, necessitating frequent upgrades or replacements. To mitigate this, businesses must adopt forward-looking strategies, invest in flexible and upgradable solutions, and stay attuned to evolving market trends.

Key Takeaways:

  • Rapid Growth of Retail Industry: The global retail printers and consumables market is poised for growth due to the thriving retail industry worldwide, particularly in sectors like supermarkets and departmental stores.
  • Essential in Retail: Retail printers have become essential tools in the manufacturing and retail sectors, serving as the industry standard for storing product information.
  • Dependency on Separate Systems: One limitation to market growth is the fact that these printers cannot store or process information independently, necessitating a separate computer system, which can potentially hinder market expansion.
  • OEM Innovation: Original equipment manufacturers (OEMs) are addressing this challenge by focusing on developing and promoting retail printers that can function as both a printer and a computer, eliminating the need for a separate system. This innovation holds promise for the global retail printers and consumables market in the forecast period.

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Competitive Landscape:

Prominent manufacturers in the retail printers and consumables sector are consistently enhancing their product portfolios through the introduction of advanced solutions and the refinement of existing product lines. They are also focusing on integrating cutting-edge features, including wireless connectivity. Furthermore, these industry leaders are strategically leveraging partnerships, acquisitions, mergers, collaborations, and the fortification of distribution channels to expand their global presence.

  • In 2022, Epson, a renowned global leader in label and receipt printers, unveiled the TM-L100 liner-free label printer, catering to the needs of hospitality and retail food service providers. This innovative addition bolsters their position in the market.
  • In February 2022, Canon bolstered its array of inkjet printers tailored for businesses with the introduction of the MAXIFY GX5070 printer, demonstrating their commitment to offering cutting-edge solutions for corporate clients.

Key Players:

  • Zebra Technologies Corporation
  • Honeywell International Inc.
  • Toshiba TEC Corporation
  • SATO Holdings Corporation,
  • Avery Dennison Corporation
  • Oki Electric Industry Co. Ltd.
  • TSC Auto Id Technology Co. Ltd.
  • tar Micronics Co. Ltd.
  • Postek Electronics Co. Ltd.

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Key Segments Covered in Retail Printers and Consumables Market Analysis

By Type:

  • Desktop Printers
  • Industrial Printers
  • Mobile Printers
  • Others

By Technology:

  • Label Printer
    • Thermal Transfer
    • Direct Thermal
    • Inkjet
    • Laser
  • Paper Printer
    • Thermal Transfer
    • Direct Transfer
    • Impact
    • Inkjet

By Application:

  • Departmental Stores
  • Warehouse Retailers
  • Mom & Pop Stores
  • E-Commerce
  • Supermarkets

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • The Middle East & Africa

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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Palletizing Robots Market Projected to Achieve a 5.0% CAGR, Valued at US$ 2.39 Million by 2033

The palletizing robots Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the palletizing robots market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for palletizing robots. 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 palletizing robots market is experiencing a notable upward trend, with forecasts suggesting a projected value of US$ 1.47 million by 2023. Analysts express confidence and optimism, predicting a robust CAGR of 5.0%. Projections for 2033 anticipate the market exceeding the US$ 2.39 million mark, solidifying its significant role in the automation sector.

Several key drivers are driving this remarkable growth, playing pivotal roles in propelling the global palletizing robots market to achieve these impressive milestones.

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Driving Factors:

  1. Automation Evolution: The relentless drive for efficiency and productivity across industries has ushered in a new era of automation. Palletizing robots, with their precision and versatility, have emerged as indispensable assets in optimizing production lines, leading to reduced labor costs and enhanced output.
  2. Rise of Robotics: The infusion of robotics into packaging processes has been revolutionary. These sophisticated machines not only expedite tasks but also minimize errors, ensuring consistent quality. Manufacturers are increasingly recognizing the value of palletizing robots as indispensable partners in their pursuit of excellence.
  3. Enhanced Safety Standards: Workplace safety is paramount, and palletizing robots are designed to enhance it. They operate with remarkable precision, reducing the risk of accidents and injuries. This makes them an attractive option for industries aiming to improve their safety records.
  4. Customization and Adaptability: Modern palletizing robots are highly customizable, adaptable to various industries and product types. This versatility makes them a strategic investment for companies seeking flexibility in their operations.

However, amidst this vibrant growth, it is crucial to acknowledge the presence of constraints that may temper the market’s upward trajectory.

Restraints:

  1. High Initial Costs: The acquisition and implementation of palletizing robots entail a substantial upfront investment. Smaller enterprises may find these costs prohibitive, potentially limiting the accessibility of this transformative technology.
  2. Skill Gap: While palletizing robots are designed to be user-friendly, there may be a shortage of skilled personnel capable of programming and maintaining these sophisticated machines. Bridging this gap is essential to fully realize their potential.

Key Takeaways:

  • Programmer Dependency Reduction: Recent technological advancements have led to automated palletizing systems that can be reprogrammed by factory personnel, reducing the reliance on costly programmers for system adjustments.
  • Enhanced Flexibility: These systems offer quick and easy relocation within the factory and reconfiguration as production processes evolve or product sizes change. This adaptability ensures the continued relevance of the automated palletizing system.
  • Market Impact: While these innovations enhance flexibility, they may limit the demand for programmers and specialized services in the market, potentially impacting the programmer job market.


Evolution of the Competitive Landscape:

Key industry participants are actively introducing advanced solutions, persistently striving for enhanced operational effectiveness, and bolstering load-handling capabilities. Furthermore, a discernible industry transition is underway, with manufacturers shifting their focus from the production of general-purpose robots to the development of specialized robots tailored specifically for packaging applications. This shift is anticipated to serve as a driving force, fostering increased demand within the robotic palletizers market.

Key Players:

  • ABB Ltd
  • Mitsubishi Electric Corporation
  • Kawasaki Heavy Industries, Ltd
  • FANUC Corporation
  • Yaskawa Electric Corporation
  • KUKA AG
  • Krones AG
  • Brenton, LLC

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Palletizing Robots Market by Segmentation

By Product Type:

  • Boxes/Cases
  • Bags/Sacks
  • Bundles
  • Others

By Machine Type:

  • Articulated Robots
  • Collaborative Robots

By Application:

  • Factories
  • Distribution Centres
  • Fulfilment Centres

By End Use:

  • Food & Beverages
  • Pharmaceutical
  • Consumer Products
  • Tracking and Logistics
  • Industrial Packaging

By Region:

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

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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
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Gasoline Generator Market Projection: Anticipated 3.7% CAGR Envisages Industry Expansion to US$ 994.6 Million by 2029

The Gasoline Generator Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Gasoline Generator market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Gasoline Generator. 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.

In the contemporary Gasoline Generator Market landscape, heightened competition underscores the paramount importance for companies to embrace product innovation as a central strategy for establishing and sustaining a robust competitive advantage. By introducing cutting-edge product innovations, enterprises not only unlock significant avenues for expansion but also differentiate themselves within a saturated competitive environment. Notably, prioritizing the reduction of noise and weight in portable gasoline generators presents a compelling opportunity to capitalize on the increasing demand for quieter and more convenient power solutions.

Industry forecasts indicate that the gasoline generator market is expected to achieve a value of US$ 768.8 million by 2022. Recent insights derived from a comprehensive market research study conducted by Future Market Insights shed light on the gasoline generator market. This study encompasses an opportunity assessment spanning the period from 2022 to 2029, coupled with a global industry analysis covering the years from 2014 to 2021. The report meticulously examines the gasoline generator market and offers crucial projections for the period between 2022 and 2029.

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Recent research indicates that the global gasoline generator market is poised for significant expansion in the foreseeable future, driven by various dynamic factors. Increased demand from residential and commercial sectors for small power loads during power outages is a primary catalyst for this growth.

As of 2022, the global gasoline generator market is valued at approximately US$ 768.8 Million, with a projected growth rate of 3.7% expected during the period from 2022 to 2029. This growth is mainly attributed to the thriving construction industry, signaling a promising outlook for market advancement. It’s important to note the highly competitive nature of the global gasoline generator market, posing challenges for emerging players in gaining market share.

To maintain a competitive advantage in this dynamic market, companies must prioritize product innovation. Introducing new product variations holds significant potential for unlocking growth opportunities, particularly by focusing on reducing noise and weight in portable gasoline generators. Additionally, developing products at affordable price points is crucial for increasing penetration in the residential sector.

North America to Capture Significant Market Share

In recent years, the construction sector in the United States has demonstrated significant expansion, evident through notable increases in non-residential construction spending as reported by the U.S. Census Bureau. Projections indicate a strong upward trajectory for this sector in the foreseeable future.

Aligned with the flourishing construction industry, there is an expected surge in demand for gasoline generators, particularly for standby backup power purposes. This trend is attributed to the rising preference for portable generators, which is gaining momentum in tandem with the overall growth of the sector. It is noteworthy that since 2010, non-residential construction spending in the U.S. has consistently maintained an annual growth rate of approximately 5-6%, thus bolstering expectations for heightened demand for gasoline generators in the years ahead.Top of Form

Commercial Sector to Remain Key Consumer of Gasoline Generators

A robust market trajectory is foreseen for the gasoline generator market. Commercial and residential sectors spearheading usage of portable generators are likely to remain prominent end users of gasoline generators.

  • Gasoline generators that produce power output in the range of 3,000 watts to 5,000 watts are projected to register prominent growth in upcoming years. Gasoline generators that come under this category are utilized in several end-use sectors in case of power failures.
  • Portable gasoline generators are most-widely utilized generator sets across the globe, which provide electricity by running a gasoline-powered engine. Portable generators are not permanently installed and can be moved from one place to another easily. Portable gasoline generators are available in various sizes depending on the power output.
  • Gasoline generators are primarily utilized for standby backup power applications across several end-use sectors, such as residential, commercial, industrial, and agricultural, among others. The standby backup power application accounts for a major share in the gasoline generator market.

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Gasoline Generator Market: Vendor Insights

The report titled gasoline generator market highlights some of the key market participants, who are well-known market players and have established themselves as prominent stakeholders in the global gasoline generator market.

Some of the examples of key players in the global gasoline generator market are Kohler Co., Honda Motor Co., Ltd., Generac Power Systems, Inc., SGS Engineering (UK) Ltd., Hyundai Power Equipment, Stephill Generators Ltd., Yamaha Motor Co., Ltd., and Champion Power Equipment, Inc., among others.

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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 :

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Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Hydrogen Electrolyzer Market with Projected Value Surpassing US$ 5,709.8 million by 2034, with a 24.2% CAGR

The global hydrogen electrolyzer market is anticipated to reach a valuation of US$ 651.6 million in 2024, driven by international collaboration and trade. The trend is expected to create new opportunities for the market, leading to a projected CAGR of 24.2% between 2024 and 2034, and reaching a total valuation of approximately US$ 5,709.8 million by 2034.

Electrolyzers can provide grid balancing services by converting excess renewable energy into hydrogen during periods of oversupply and generating electricity through fuel cells during peak demand periods. The flexibility in hydrogen production and utilization can help optimize the integration of renewable energy sources into the grid and enhance energy security.

Continuous innovation in electrolyzer design, materials, and manufacturing processes is driving down the capital and operational costs associated with hydrogen production. Research and development efforts focused on cost reduction are making electrolyzers more economically competitive compared to conventional hydrogen production methods.

There is a growing interest in decentralized hydrogen production solutions, where electrolyzers are deployed at or near the point of hydrogen consumption. Decentralized production reduces transportation costs and enables the use of locally available renewable energy sources, promoting energy independence and resilience.

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Key Takeaways from the Market Study

  • Global hydrogen electrolyzer market was valued at US$ 527.5 Million in 2023.
  • From 2019 to 2023, the market demand expanded at a CAGR of 20.3%.
  • The market in Japan is expected to expand at a CAGR of 26.7% through 2034.
  • By product type, the PEM electrolyzer segment to account for a share of 52.6% in 2024.
  • The market in Korea is expected to expand at a CAGR of 9% through 2034.
  • In terms of outlet pressure, the low segment to account for a share of 62.0% in 2024.

“Electrolyzers play a crucial role in the production of hydrogen for storage purposes. Electrolyzers are being integrated into hydrogen storage systems, including underground caverns, salt domes, and metal hydrides, to store excess renewable energy and provide grid stability, as the demand for energy storage solutions increases,” says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.).

Competitive Landscape

Prominent players in the hydrogen electrolyzer market are Nel Hydrogen, Siemens AG, McPhy Energy, ITM Power Plc, Tianjin Mainland Hydrogen Equipment Co. Ltd, Gaztransport & Technigaz, Giner Inc., GreenHydrogen Systems, iGas Energy GmbH, Beijing CEI Technology Co., Ltd., Next Hydrogen, Air Liquide, Ballard Power Systems, Enapter, Plug Power Inc., Bloom Energy, Pure Energy Centre, Shandong Saikesaisi Hydrogen Energy Co., Ltd., Idroenergy, Erredue SpA, and SwissHydrogen SA, among others.

Company Portfolio

  • Hydrogenics Corporation, now part of Cummins, specializes in hydrogen generation and fuel cell systems, offering advanced electrolyzer solutions for industrial, energy, and transportation markets. The electrolyzer portfolio includes both alkaline and proton exchange membrane electrolyzers, designed to produce high purity hydrogen for various applications.
  • Green Hydrogen Systems develops proton exchange membrane electrolyzer solutions for industrial, energy, and mobility applications. The electrolyzer portfolio includes containerized and skid mounted electrolyzer systems designed for on site hydrogen production.

Top of Form

More Valuable Insights Available

Future Market Insights offers an unbiased analysis of the global hydrogen electrolyzer market, providing historical data for 2019 to 2023 and forecast statistics from 2024 to 2034.

To understand opportunities in the hydrogen electrolyzer market, the market is segmented on the basis of product type (proton exchange membrane electrolyzer, alkaline electrolyzer, solid oxide electrolyzer), capacity (low (<= 150 kw), medium (150kw–1mw), high (> 1mw)), outlet pressure (low (<= 10 bar), medium (150 bar–40 bar), high (> 40 bar)),and end user (ammonia, methanol, refining/ hydrocarbon, electronics, energy, power to gas, transport, metal production and fabrication, pharma and biotech, food and beverages, glass industry, other industrial), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia &

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Segmentation Analysis of the Hydrogen Electrolyzer Industry

By Product Type:

  • Proton Exchange Membrane Electrolyzer
  • Alkaline Electrolyzer
  • Solid Oxide Electrolyzer

By Capacity:

  • Low (<= 150 kW)
  • Medium (150kW – 1mW)
    • 150 – 400 kW
    • 400 – 750kW
    • 750 – 1mW
  • High (> 1mW)
    • 1 – 10 mW
    • 10 – 20 mW
    • Above 20 mW

By Outlet Pressure:

  • Low (<= 10 Bar)
  • Medium (150 Bar – 40 Bar)
  • High (> 40 Bar)

By End Use:

  • Ammonia
  • Methanol
  • Refining/ Hydrocarbon
  • Electronics
  • Energy
  • Power to Gas
  • Transport
  • Metal Production and Fabrication
  • Pharma and Biotech
  • Food and Beverages
  • Glass Industry
  • Other Industrial

By Region:

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

About the Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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 stands as 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
Website: https://www.futuremarketinsights.com
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