Global Warm Syrup and Topping Dispensers Market Gears Up for US$ 6.5 Billion Valuation by 2033, Driven by 4.2% CAGR

The global warm syrup and topping dispensers market anticipates robust growth, projecting a value of US$ 4.5 billion in the near future. Positioned for an exciting trajectory, this market is poised for compelling expansion, fueled by an anticipated Compound Annual Growth Rate (CAGR) of 4.2% from 2023 to 2033. By 2033, industry experts forecast an impressive valuation of approximately US$ 6.5 billion.

Insights unveiled by Future Market Insights (FMI) unveil a transformative trend reshaping the warm syrup and topping dispensers market. This notable trend revolves around the escalating consumer preference for premium and specialty food products. In recent years, a discernible shift in consumer tastes has emerged, reflecting an increasing desire for unique, gourmet, and artisanal food items. Discerning consumers are no longer satisfied with the ordinary; instead, they actively seek high-quality ingredients, distinctive flavors, and visually appealing presentations to elevate their dining experiences.

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North America’s Sweet Streak in the Global Warm Syrup and Topping Dispensers Market:

In the realm of the global Warm Syrup and Topping Dispensers market, North America has been reigning supreme. The question on everyone’s lips is whether this dominance will persist, and what’s pouring fuel on the fiery growth? Let’s unravel the regional insights.

North America: A Delicious Market

The Warm Syrup and Topping Dispensers market in North America is on a delicious ascent, boasting a prominent Compound Annual Growth Rate (CAGR) of 4.1%. This growth can be attributed to the burgeoning breakfast and brunch culture that’s taking North America by storm.

Across the United States and Canada, the breakfast and brunch culture is thriving. The rise of breakfast-focused establishments such as cafes, diners, and brunch spots is propelling the demand for warm syrup and topping dispensers. These dispensers play a pivotal role in elevating the breakfast experience, serving up delectable items like pancakes, waffles, French toast, and oatmeal with an array of warm syrups and mouthwatering toppings.

Nourishing the Breakfast and Brunch Culture:

One of the key factors fueling North America’s dominance in the Warm Syrup and Topping Dispensers market is the robust breakfast and brunch culture. As these culinary trends gain momentum, establishments are placing a premium on serving up mouthwatering breakfast options. Warm syrup and topping dispensers have become indispensable tools in delivering the perfect breakfast experience, contributing to their surging demand.

Asia Pacific’s Palate for Western Food Trends:

While North America continues to bask in the spotlight, the Asia Pacific region is making waves in the Warm Syrup and Topping Dispensers market. With an expected CAGR of 4.0%, the region is embracing Western food trends with open arms. But what’s igniting this culinary transformation? Let’s dive in.

Asia Pacific: A Feast for Western Food Trends

In Asia Pacific, the driving force behind the growth of the Warm Syrup and Topping Dispensers market is the adoption of Western food trends. Countries like India and China are experiencing rapid urbanization, changing lifestyles, and the growth of a burgeoning middle class. These factors are driving the demand for dining out and foodservice establishments.

Warm syrup and topping dispensers are becoming essential fixtures in cafes, restaurants, and dessert parlors, enhancing the flavor and presentation of various culinary delights. As the foodservice industry continues to flourish in India and China, the demand for warm syrup and topping dispensers is set to rise.

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Key Players:

  • Server Products
  • Star Manufacturing International, Inc.
  • Nemco Food Equipment
  • Benchmark USA Inc.
  • Rosseto
  • Hatco Corporation
  • Zevro (Honey-Can-Do International)
  • Adcraft
  • Wilbur Curtis Co.
  • Bloomfield Industries

Key Segments Covered:

By Product Type:

  • Electric
  • Manual

By End User:

  • Foodservice Industry
  • Household

By Distribution Channel:

  • Online Retail
  • Offline Retail
  • Kitchen Stores
  • Department Stores

By Region:

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

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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:        

Nandini Singh Sawlani   

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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Push Button Dispensers Market Poised for US$ 6.3 Billion Valuation by 2033, Driven by Steady 3.5% CAGR

The global push button dispensers market emerges as a significant influencer, projecting a value of US$ 4.5 billion in 2023. The driving force behind this surge lies in the remarkable expansion of eCommerce and online retail, poised for a promising Compound Annual Growth Rate (CAGR) of 3.5% from 2023 to 2033. This trajectory sets its sights on achieving a notable valuation of US$ 6.3 billion by the conclusion of the forecast period.

Insights gleaned from Future Market Insights highlight the indispensable role of hygiene and sanitation across diverse industries. From healthcare facilities to food service establishments, public spaces, and households, the imperative for effective measures to prevent disease transmission and maintain cleanliness has never been more apparent. This heightened awareness has catalyzed an escalating demand for touchless solutions in the market, positioning push button dispensers at the forefront of this transformative trend.

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Hygiene Focus and Touchless Advancements Fueling Push-Button Dispensers Market Growth:

A key catalyst propelling the expansion of the push-button dispensers market is the heightened emphasis on hygiene and sanitation. Push button dispensers offer a touchless avenue for the convenient and hygienic dispensing of liquids such as hand sanitizers, soaps, and disinfectants. Vital in promoting cleanliness and curbing disease transmission, these dispensers play a crucial role as awareness regarding hand hygiene’s significance continues to grow.

The ascent of health and wellness awareness stands as another pivotal driver poised to exert considerable influence on market growth. Consumers’ heightened consciousness of health and wellness is driving demand for products that foster a healthy lifestyle. In the healthcare and personal care sectors, push button dispensers find extensive application in dispensing medications, lotions, creams, and various healthcare items. As individuals increasingly prioritize their well-being, the demand for push button dispensers as a precise and convenient dispensing solution is anticipated to surge.

Key Insights from the Market Study:

  • The global push-button dispensers market achieved a valuation of approximately $4.3 billion by the conclusion of 2022.
  • Over the period spanning 2018 to 2022, market demand exhibited a notable Compound Annual Growth Rate (CAGR) of 2.3%.
  • Projected to lead the market, North America is poised to maintain its prominence, anticipating a robust CAGR of 3.4% throughout the forecast period.
  • Between 2023 and 2033, the push button dispensers market is projected to thrive, envisaging an impressive CAGR of 3.5%.
  • Anticipated to culminate in the year 2033, the market value for push-button dispensers is expected to ascend to approximately $6.3 billion.
  • Within the realm of Product Type, the automatic segment is forecasted to comprise a noteworthy CAGR of 3.3% by 2033.
  • On the application front, the healthcare and pharmaceuticals sector is projected to assert its dominance, foreseeing a substantial CAGR of 3.2% by 2033.

Competitive Landscape:

Key players within the Push Button Dispensers market encompass AptarGroup, Inc., Silgan Holdings Inc., Raepak Ltd., Rieke Packaging Systems, Berry Global Inc., Albéa Group, Guangzhou YELLO Packaging Co., Ltd., Kimberly-Clark Corporation, Deb Group, GOJO, Ecolab, Lindal Group, and Dosatron International, among others.

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Recent Developments:

  1. In 2021, Kimberly-Clark Corporation introduced a compact push button dispenser tailored for travel and on-the-go use. This innovation caters to the burgeoning demand for portable hygiene solutions.
  2. In 2021, Ecolab launched a smart push button dispenser system that seamlessly integrates with its digital monitoring platform. This integration furnishes real-time data regarding product usage and refill requirements.
  3. In 2020, GOJO Industries rolled out a high-capacity push button dispenser specially designed for industrial settings. Engineered to meet heavy-duty hand hygiene demands, this innovation underscores the brand’s commitment to enhanced functionality.

Market Segments Covered:

By Product Type:

  • Manual
  • Automatic

By Application:

  • Food & Beverage
  • Personal Care and Cosmetics
  • Healthcare and Pharmaceuticals
  • Homecare and Cleaning Products
  • Industrial and Chemicals
  • Others

By Region:

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

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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:        

Nandini Singh Sawlani   

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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Glass Door Merchandisers Market on Track US$ 13,557.9 Million by 2028 with a Flourishing 7.5% CAGR

Future Market Insights (FMI) paints a promising picture for the glass door merchandizers market, forecasting an impressive valuation of approximately US$ 13,557.9 million by 2028. This upward trajectory is underpinned by a robust Compound Annual Growth Rate (CAGR) of 7.5% from 2022 to 2028, as revealed through in-depth analysis by the esteemed research organization.

The industry’s momentum, coupled with key driving factors, is propelling the glass door merchandizers market to unprecedented heights, underscoring a profound understanding of industry dynamics and influential factors. Urbanization emerges as a pivotal driver behind this notable growth, observed globally across both emerging and developed economies.

The rise in urban living has triggered a heightened demand for convenience and easy access to consumer goods. This lifestyle shift has consequently led to a substantial increase in consumer end-product sales, thereby driving the demand for glass door merchandizers.

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Exploring Dynamics in the Global Glass Door Merchandiser Market:

Insights into the market landscape indicate a robust growth trajectory for the worldwide glass door merchandiser market throughout the projected period. This growth is intricately tied to burgeoning economies, rapid urbanization, elevated standards of living, and significant infrastructural advancements taking center stage. Amplified consumption of food and beverages, coupled with a strategic emphasis on product marketing and promotion to captivate consumer interest, plays a pivotal role in driving the adoption of glass door merchandisers.

The escalating demand for innovative displays that spotlight food and beverages products to allure customers serves as an additional propellant for this market trend. Moreover, as industries increasingly seek optimized productivity with minimal resource utilization, the retail sector embraces innovative technologies. Glass door merchandisers notably enhance retailers’ food and beverage sales capacity. This trend is further bolstered by the economic upswing, rising living standards, and urbanization observed in emerging economies like India, China, and the Asia Pacific region, all collectively fostering amplified demand within the global glass door market.

Analysis of Glass Door Merchandizers Market (2021A to 2028F):

  • The market showcased a valuation of US$ 8,195.1 million in 2021.
  • Estimated to ascend, the market value for 2022 is projected to be US$ 8,802.9 million.
  • Anticipated growth leads to a projection of US$ 13,557.9 million by 2028.
  • A commendable Compound Annual Growth Rate (CAGR) of 7.5% is foreseen from 2022 to 2028.
  • The combined dominance of the top 3 countries contributes to a notable 32.1% value share in 2022.

Competitive Dynamics in the Glass Door Merchandizers Market:

Recent years have borne witness to an uptick in acquisition and expansion endeavors aimed at enhancing the availability of glass door merchandizers. Notably, several key industry players are dedicating efforts to enhance the operational efficacy of touch probes across diverse applications. The global business landscape has also experienced the emergence of various manufacturers, with China and the U.K. prominently fostering such developments.

Illustratively,

  • In August 2017, Anreg Group unveiled the pioneering Arneg CO2 refrigerator systems. These environmentally conscious refrigerators not only prioritize energy conservation but also underscore the company’s commitment to sustainable innovation.
  • On November 5, 2020, Hauser introduced the Refino, an innovative addition to its Multi Decks product lineup. Distinguished by its transparent design, Refino provides an unobstructed view of stored goods, enhancing the overall product visibility.
  • March 15, 2021 marked a significant collaboration between Frost-trol and Bio Fresh Tech. This partnership facilitated the development of patented thermal storage technology, specifically applied to refrigerated cabinets catering to the food distribution sector.

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Key Players:

The report highlights some of the top companies operating in the global glass door merchandiser market including Traulsen, Tuobo Air Inc, Arneg Group, Everest, Liebherr, UAB Feror LT, True manufacturing Co.Inc, Migali industries, Anthony Inc and Hussmann Corporation.

Key Segments:

By Configuration:

  • Endless Remote
  • Refrigeration System
  • Endless Self-Contained
  • Refrigeration System

By Design:

  • Hinged Door Type
  • Sliding Door Type

By End-Use:

  • Retail Outlets
  • Commercial Complexes
  • Commercial Kitchens
  • Airport & Stations
  • Institutional Facilities &
  • Establishments

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • South East Asia
  • China
  • India
  • Japan
  • MEA 

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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:        

Nandini Singh Sawlani   

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
LinkedInTwitterBlogs | YouTube

Global Power Tool Gears Market Gears Up to Surpass US$ 8.38 Billion by 2030, Driven by 5.1% CAGR

According to the latest analysis from Future Market Insights (FMI), the global power tool gears market is anticipated to witness substantial growth, with a projected valuation surpassing US$ 8.38 billion by 2030. This growth trajectory is characterized by a steady Compound Annual Growth Rate (CAGR) of 5.1% over the forecast period.

FMI’s comprehensive study, which includes meticulous half-yearly comparisons, provides crucial insights into the dynamics propelling the expansion of the power tool gears market. One of the primary drivers fueling this growth is the escalating utilization of power tools, particularly in woodworking and metal fabrication applications within the building and construction industry. As these tools increasingly become indispensable across a broad spectrum of tasks in this sector, there is a notable surge in demand for power tool gears, thereby driving their widespread adoption.

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FMI delivers a comprehensive biannual comparative analysis alongside pivotal insights outlining the growth prospects of the Power Tool Gears market. The pervasive application of power tools in woodworking and metal fabrication operations within the construction sphere is driving its upward trajectory. Additionally, the integration of power tool gears into specialized equipment for torque and speed management, coupled with the advent of enhanced power tool variants, is poised to be a catalyst for market augmentation.

As per FMI’s scrutiny, the juxtaposition of BPS (Basis Points) metrics between H1 2022-Outlook and the H1 2022 projection unveils a decrement of 9 units within the Power Tool Gears market. Notably, in comparison to H1 2021, a surge of 24 BPS is anticipated during H1 2022, signifying positive momentum.

Key Insights from the Power Tool Gears Market Analysis:

The surge in the uptake of automation, leading to improved productivity and precise operations, stands out as a pivotal factor driving the demand for power tools. This, in turn, is propelling the growth trajectory of the power tool gears market.

Power tools offer a distinct advantage by facilitating work on robust materials that pose challenges for conventional mechanical tools. Moreover, the scarcity of skilled labor and wage-related concerns are emerging as additional drivers for the expansion of the power tool gears market.

Anticipated growth is foreseen in the adoption of spur gears and worm or spiral gears throughout the forecast period.

Dominance is expected to persist within the professional end-user segment, primarily attributed to the heightened demand for gear sets in this sector. The robust adoption of power tools for professional applications further bolsters this segment’s prominence.

In terms of applications, grinding machines are poised for rapid progression, fueled by the increasing deployment of sanders and polishers in the market.

Competitive Landscape:

Prominent enterprises within the global power tool gears sector are strategically embracing expansion avenues, including novel product introductions, mergers, acquisitions, and collaborations, with the aim of amplifying their worldwide presence. These industry players are also channeling investments into research and development endeavors to enhance the depth of their product offerings.

A notable example is witnessed in the actions of P&F Industries, Inc., a prominent power tools and accessories manufacturer. In January 2022, the company announced its acquisition of Jackson Gear Company, a Pennsylvania-based enterprise specializing in custom gears and power transmission gear production. The transaction, valued at US$ 2.3 million, is poised to fortify P&F Industries’ position and product array within the United States market.

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Key Players:

  • Porite Group
  • hGears
  • Zhejiang Oliver manufacturing Gear Co. Ltd
  • P&F Industries
  • Zhejiang Fore Intelligent Technology Co., Ltd.

Key Segments Covered in Report:

By Gear Type:

  • Bevel Gears
  • Spiral Gears
  • Spur Gears
  • Helical Gears
  • Hypoid Gears

By Application:

  • Grinding Machines
  • Drills
  • Hammers
  • Saws
  • DC Cordless Screw Drivers

By End User:

  • Professional
  • DIY (Consumer)

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia Pacific
  • East Asia
  • MEA

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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:        

Nandini Singh Sawlani   

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
LinkedInTwitterBlogs | YouTube

Global Oil & Gas Fittings Market on Track for US$ 1,675.4 Million by 2029, Fueled by Consistent 3.4% Growth

Future Market Insights (FMI) has unveiled a promising forecast for the global oil and gas fittings market, forecasting a steady annual growth rate of 3.4% from 2022 to 2029. With this trajectory, the market is poised to achieve a notable valuation of approximately US$ 1,675.4 million by the end of 2029.

FMI’s comprehensive analysis offers valuable insights into the dynamic evolution of the oil and gas fittings market, supported by meticulous half-yearly comparisons. A significant catalyst for the market’s robust growth is the increasing influx of tender and contract orders, particularly in emerging economies. The rising demand is fueled by the proliferation of pipeline projects linking countries such as China, India, the Middle East, and the ASEAN region. These initiatives play a pivotal role in enhancing regional connectivity and facilitating the efficient transportation of oil and gas resources, thereby stimulating the need for diverse oil and gas fittings.

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The global oil and gas fittings market is set to receive a significant boost from the expansion of transcontinental pipelines, paralleled by the increasing consumption linked with GDP growth. This trend will lead to a surge in sales, driven by the growing opportunities in India for the procurement and bidding of new and replacement oil and gas fittings.

However, existing manufacturers are encountering a challenge posed by energy suppliers who are vertically integrating into the production of oil and gas fittings. This integration enables them to offer similar products at lower costs, resulting in intense competitive pressures within local markets and reduced profitability throughout the value chain. Such a practice adoption is detrimental to the overall market growth.

East Asia Region Projected to Witness Bolstering Growth:

The East Asia region is poised for robust growth in the global oil and gas fittings market. While North America is expected to maintain a significant market share due to upcoming installation projects for oil and gas fittings, the East Asia market, particularly led by China, is projected to experience substantial expansion during the forecast period from 2019 to 2029.

China’s prominence in this growth can be attributed to its rapid increase in onshore drilling endeavors and the proliferation of oil and gas pipeline projects. Furthermore, Africa emerges as a promising avenue for oil and gas fittings manufacturers to secure new contracts and ventures throughout the forecast timeframe.

The growth of the oil and gas fittings market is not only influenced by regional dynamics but also by macroeconomic factors such as crude oil and natural gas production and consumption. Key countries’ oil and gas production data, the rise in new oil and gas pipeline projects, and contracts related to pipes, valves, and fittings (PVC) also contribute to the positive trajectory of the market.

Competitive Landscape:

Over the past few years, an increment in the number of acquisitions and expansion activities has been witnessed in the Oil and Gas Fittings market. Several key players are focusing on improving the product performance parameters for various applications. The emergence of various manufacturers had also been witnessed in global businesses, especially in India, the USA, and China.

Key Players:

  • Anvil International
  • AVK UK Ltd
  • B.O.P Products LLC.
  • Bonney Forge Corporation
  • FitTech Industries Pvt. Ltd.
  • Gelbach UK Ltd
  • Grupo Cuñado
  • Guezco Manufacturing Inc.
  • Hy-Lok USA, Inc.
  • ICARUS SA
  • JVS Engineers, among others.

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Key Segments Covered:

By Product Type:

  • Tees
    • Studded Tees
    • Flow Tees
  • Flanges
    • Blind/Test
    • Companion
    • Weld Neck
  • Adapters
    • Bottom Hole Test Adaptors
    • Double Studded Adapters
  • Male Pins
  • Studded Crosses

By Working Pressure:

  • Less than 1000 psi
  • 1000 – 2000 psi
  • 2000 – 3000 psi
  • 3000 – 4000 psi
  • 4000 – 5000 psi
  • Above 5000 psi

By Operation:

  • Upstream
  • Midstream
  • Downstream

By Material Type:

  • Carbon Steel
  • Stainless Steel
  • Alloy Steel
  • Fiberglass
  • Composite
  • Others

By Application:

  • Onshore
  • Offshore

By Region:

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

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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:        

Nandini Singh Sawlani   

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
LinkedInTwitterBlogs | YouTube

Chromatography Accessories and Consumables Market Set to Reach US$ 7 Billion by 2033, Fueled by Steady 5.2% CAGR

The chromatography accessories and consumables market are experiencing significant growth, with a projected value of US$ 4.21 billion in 2023, expected to surge to an impressive US$ 7 billion by 2033. This upward trajectory is fueled by a robust Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period spanning from 2023 to 2033.

The consistent expansion of the chromatography accessories and consumables market can be attributed to various factors reshaping the landscape of analytical techniques and their applications across diverse industries. Key sectors such as pharmaceuticals, biotechnology, and food and beverages have played crucial roles in driving this remarkable growth. As the market continues to evolve, it promises a bright era for advancements in analytical sciences and their indispensable role across various industrial domains.

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Different utilizations of chromatography procedures are crosswise over ventures, for example, pharmaceutical medication disclosure (pharma organizations, life science look into, CROs, and so on.), sustenance and drink, crime scene investigation, oil and gas, synthetic substances, sports, polymers, and drugs. Based on technology, liquid chromatography is likely to be most preferred.

Liquid chromatography is further segmented into high-pressure liquid chromatography (HPLC), ultra-pressure liquid chromatography (UPLC), low-pressure liquid chromatography (LPLC), flash chromatography, and other LC technologies. The large share of this segment can be attributed to the wide use of HPLC techniques and the growing demand for UPLC systems.

Key Takeaways from the Market Study:

  • Global chromatography accessories and consumables market to grow 1.6x from 2022-2032
  • Based on technology, liquid chromatography to emerge as a key beneficiary, registering a 4.3% CAGR
  • Column accessories and consumables to be most sought after product category, registering a 4% CAGR
  • U.S to emerge as the most opportunistic market, registering a CAGR worth 4.5% until 2032
  • China to be a significant contributor to market growth, reaching US$ 461.1 Million by 2032
  • Japan & South Korea to yield absolute $ opportunities worth US$ 122.5 Million and US$ 68.3 Million respectively

“Growing use of chromatography techniques for research activities in the fields of proteomics, medicine, genomics, and metabolomics and rising number of chromatography seminars and conferences that increase awareness regarding new chromatographic techniques are the high impact rendering drivers for the growth of the market,” remarks an FMI analyst.

Competitive Landscape:

Players in the global chromatography accessories and consumables market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market.

Key Players:

  • Agilent Technologies
  • Waters Corporation
  • Shimadzu Corporation
  • Thermo Fisher Scientific
  • PerkinElmer
  • Merck KGaA
  • Bio-Rad Laboratories Inc.
  • GE Healthcare
  • Hitachi
  • Phenomenex
  • Restek Corporation
  • Jasco Inc.
  • Gilson

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Key Segments of Chromatography Accessories and Consumables Industry Survey:

By Product Type:

  • Column Chromatography Accessories and Consumables
    • Pre-Packed Columns
    • Empty Columns
    • Heaters & Ovens
    • Guard Holders
    • Other Column Accessories and Consumables
  • Autosampler Chromatography Accessories and Consumables
    • Autosampler Syringes/Sample Needles
    • Vials
    • Septa
  • Chromatography Flow Management Accessories and Consumables
    • Flowmeters
    • Flow Splitters
    • Pumps
  • Chromatography Fittings and Tubing Accessories
    • Tubing
    • Ferrules and Nuts
    • Valves and Gauges
    • Liners and Seals
  • Chromatography Detectors
    • LC Detectors
    • GC Detectors
  • Mobile Phase Chromatography Accessories and Consumables
    • Mixers and Mixing Chambers
    • Degassers
    • Other Mobile Phase Accessories and Consumables
  • Mobile Phase Accessories and Consumables
    • Fraction Collectors
    • Pressure Regulators
    • Other Accessories and Consumables

By Technology:

  • Liquid Chromatography Accessories and Consumables
    • High-Pressure Liquid Chromatography
    • Ultra-Pressure Liquid Chromatography
    • Flash Chromatography
    • Low-Pressure Liquid Chromatography
    • Other LC Technologies
  • Gas Chromatography Accessories and Consumables
  • Other Chromatography Technology Accessories and Consumables

By End User:

  • Chromatography Accessories and Consumables for Hospital Laboratories
  • Chromatography Accessories and Consumables for Pharmaceutical & Biotechnology Industry
  • Chromatography Accessories and Consumables for Oil & Gas Industry
  • Chromatography Accessories and Consumables for Academic & Research Institutes
  • Chromatography Accessories and Consumables for Food & Beverages
  • Chromatography Accessories and Consumables for Hospitals & Clinics
  • Chromatography Accessories and Consumables for Environmental Agencies
  • Chromatography Accessories and Consumables for Other End Users

By Region:

  • North America Chromatography Accessories and Consumables Market
  • Latin America Chromatography Accessories and Consumables Market
  • Europe Chromatography Accessories and Consumables Market
  • Asia-Pacific Chromatography Accessories and Consumables Market
  • Middle East & Africa Chromatography Accessories and Consumables Market

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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:        

Nandini Singh Sawlani   

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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Rainscreen Cladding Market Poised for US$ 4,554 Million Valuation by 2033, Driven by Steady 6.7% CAGR

The global rainscreen cladding market is set for substantial expansion, with a projected valuation of US$ 4,554 million expected for 2033 and a consistent Compound Annual Growth Rate (CAGR) of 6.7% forecasted to persist until 2033. Future Market Insights, Inc. outlines this growth trajectory, attributing it to several key factors.

Notably, increased investments in construction, particularly within the non-residential sector where rainscreen cladding plays a vital role, are significant contributors to market expansion. Furthermore, there is a rising demand for architecturally appealing buildings, alongside a surge in both single- and multi-family construction projects driven by population growth, further boosting market growth.

From 2018 to 2022, the market has exhibited moderate growth, largely influenced by heightened construction activities, particularly in non-residential sectors like offices and commercial buildings. Aesthetic considerations and the growing need for enhanced moisture control and energy efficiency in buildings have also played pivotal roles in driving market expansion during this period.

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Driving Factors for Rainscreen Cladding Market Amid Challenges:

The growth of the rainscreen cladding market is expected to be propelled by increasing consumer demand for products that offer improved moisture control capabilities and energy efficiency. Additionally, both developed and emerging countries are witnessing a surge in the construction of non-residential structures such as offices and institutions, accompanied by a shift towards enhancing the protection of exterior walls. However, the economic downturn caused by the COVID-19 crisis has led to reduced investor confidence and a decline in industrial activities, posing challenges to the growth of the rainscreen cladding industry.

The demand for rainscreen cladding is rising due to evolving consumer preferences towards safeguarding exterior walls in residential, commercial, and non-residential structures, including workplaces and institutions.

A significant design flaw in rainscreen cladding solutions is their inability to handle air pressure gradients. When the exterior of the wall lacks airtightness, the cladding wall’s surface is exposed to strong wind forces. The confinement of airflow and moisture within wall cavity chambers, generated between furring strips, represents a major drawback in the conventional end-use application of rainscreen cladding. The lack of airflow exchange between these compartments is limiting the growth of the rainscreen cladding market.

Key Insights from the Market Study:

In 2021, the terracotta raw material segment held the largest share of the rainscreen cladding market, contributing over 35.5 percent of global revenue. The construction industry accounted for 33 percent of the total revenue in the rainscreen cladding market in 2021. Europe led the market in 2021, generating more than 30.5 percent of global revenue. In North America, the demand for rainscreen cladding is expected to witness significant growth during the forecast period due to increased construction of new power plants, social infrastructure, commercial projects, and shale gas exploration activities.

Competitive Landscape:

The rainscreen cladding market is characterized by strong competition, with numerous regional and international companies operating within the industry. Incumbent players face challenges stemming from fluctuations in raw material prices and the strategies of new entrants. Continued research and development, along with advanced process practices, are essential for survival in this competitive environment.

To remain competitive and reduce overall costs in the rainscreen cladding market, major competitors are focusing on mergers, acquisitions, and joint ventures. These players are offering structural planning and installation services to meet the demand for innovative rainscreen cladding solutions in various structures.

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Recent Developments in the Rainscreen Cladding Market:

To cater to the demands of architects and specifiers seeking distinctive facade systems, Proteus Facades, a renowned supplier of high-quality rainscreen cladding systems, made its entry into the U.S. rainscreen cladding market in April 2021. This strategic expansion marks a new chapter for the company, known for its contribution to prominent construction projects in the UK. The decision to enter the U.S. market was prompted by significant investments in production capabilities and the growing demand for innovative facade designs.

In December 2021, Brickability Group made a noteworthy move by acquiring Taylor Maxwell Group for approximately US$ 87.77 million. Taylor Maxwell Group is a leading supplier of wood and facade solutions to the building industry in the UK. Through this acquisition, Brickability Group is poised to enhance its offerings by integrating timber and cladding into its portfolio. This strategic move not only widens the range of available products but also strengthens Brickability’s competitive advantage in specific markets, potentially paving the way for organic growth in the future.

Rainscreen Cladding Market by Segmentation:

By Raw Material:

  • Fiber Cement
  • Composite Material
  • Metal
  • High-pressure Laminates
  • Terracotta
  • Ceramic
  • Others

By Application:

  • Residential
  • Commercial
  • Official
  • Institutional
  • Industrial

By Region:

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

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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:        

Nandini Singh Sawlani   

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
LinkedInTwitterBlogs | YouTube

Global Industrial Valve Market Projected to Exceed US$ 123.05 Billion by 2034, Driven by Consistent 4.2% CAGR

The global industrial valves market anticipates a steady Compound Annual Growth Rate (CAGR) of 4.2% from 2022 to 2029, reaching a significant valuation of US$ 123.05 billion by the conclusion of the forecasted period. As of 2024, the market has already demonstrated a strong presence, achieving an estimated value of approximately US$ 81.55 billion.

This surge in demand is supported by a comprehensive half-yearly comparison analysis conducted by FMI, providing valuable insights into the growth trajectory of the industrial valves market. Industries crucial to global infrastructure, such as oil & gas, heavily depend on these valves for critical functions, ensuring efficient flow and containment of fluids in complex extraction, refining, and distribution processes.

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With the onset of Industry 4.0 and the reciprocating shift of industries towards automation, the industrial valves landscape is compelled to move beyond its traditional, old-school valve engineering models. Although manually operated valves still account for almost 2/3rd of total sales, FMI foresees a rapidly progressing market scenario for automated valves in the next few years.

The analysis of industrial valves market on the basis of materials reveals that cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as indicated by report findings.

Market in APEJ Projected for Remunerative Growth:

The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2022-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.

Furthermore, owing to the effects of macroeconomic factors such as growing population, urbanization, and rapid industrialization, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. Consequently, the region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.

Industrial Valves Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

The global industrial valves market is significantly consolidated with some players holding prominent shares of the market. These players are offering industrial valves under their popular brands such as Cameron, and World Valves, among others.

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Industrial Valves Market: Segment Analysis

By Valve Type:

  • Gate
    • Parallel
    • Wedge
  • Globe
    • Tee
    • Angle
    • Wye
  • Ball
    • Trunnion
    • Floating
    • Threaded Series
  • Butterfly
    • High Performance
    • Lined
  • Plug
    • Lined
    • Lubricated
    • Non-Lubricated
  • Check
    • Dual Plate
    • Piston Lift
    • Spring Loaded Disk
    • Swing Check
    • Tilting Check
    • Y Pattern
    • T Pattern
  • Safety Relief
    • Spring Loaded
    • Pilot Operated
  • Other Customized

By Valve Material:

  • Cast Steel
  • Carbon Steel
  • Stainless Steel
  • Bronze
  • Other Alloys

By End-use Industry:

  • Oil & Gas
  • Chemical
  • Water & Wastewater Treatment
  • Power Plants
  • Paper & Pulp
  • Others

By Function:

  • Manual
  • Automatic

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding Japan
  • Middle East and Africa
  • Japan

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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:        

Nandini Singh Sawlani   

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
LinkedInTwitterBlogs | YouTube

Seawater Pump Market Poised for US$ 1.6 Billion Valuation by 2028, Driven by 4.3% CAGR and Growing Demand for Water Treatment

The global sea water pumps market is anticipated to achieve a Compound Annual Growth Rate (CAGR) of 4.3% from 2022 to 2028, surpassing a notable valuation of US$ 1.6 billion by the end of this period. A significant milestone was reached in 2022, with the market boasting a valuation exceeding approximately US$ 1.3 billion, indicative of its consistent expansion and the broadening utilization of sea water pumps across diverse applications.

Centrifugal pumps prominently lead this thriving market, projected to maintain their position as top-selling products. Renowned for their exceptional efficiency and cost-effectiveness, these pumps offer a multitude of advantages, solidifying their preference among a diverse array of end-users across various industries. The remarkable versatility and unwavering reliability of centrifugal pumps play a pivotal role in their escalating adoption for a wide range of applications.

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Future Market Insights has released a comprehensive half-yearly analysis comparing growth forecasts and key developments in the sea water pumps market. This analysis comes in light of increased investments in oil drilling activities by various countries, driven by industrialization and population expansion trends.

This heightened focus on oil drilling activities has resulted in a notable surge in demand for centrifugal sea water pumps. Additionally, to address the rising need for fresh water, numerous desalination plants are being constructed. Consequently, the sea water pumps market is poised for rapid expansion in the upcoming years.

According to Future Market Insights’ analysis, there has been a decrease of 24 units in the BPS (Basis Point Scale) values identified in the sea water pumps market in H1 2022 compared to the projected figures for H1 2022. Notably, this marks a 16 BPS dip in the market compared to H1 2021.

Key Takeaways of Sea Water Pumps Market Study:

  • The centrifugal sea water pumps segment is expected to hold major share of the global sea water pumps market value as compared to positive displacement sea water pumps.
  • On the basis of end use, the ships segment is expected to hold prominent value share of the global sea water pumps market. These pumps are used in weight transfer function, firefighting, bilge pumping, and high pressure pumping an air conditioners.
  • By sales channel, offline sales channel is estimated to remain a key segment on the back of consumer preference towards customized sea water pumps.
  • Asia Pacific is projected to hold prominent market share in terms of value in the global sea water pumps market. This growth is being propelled by rapid increase in ship building in countries such as China, South Korea, and Japan. These countries hold 70% share of the ship building market.
  • However, the Middle East & Africa sea water pumps market is expected to project lucrative growth during the forecast period. This growth is attributable to increasing investments for desalination plants in the region.

“Sea water pumps are utilized in a variety of applications, ranging from ship building to desalination plants. Each of the applications has a different requirement, and therefore, enterprises are developing products as per specific demand.”

Key Companies Profiled:

  • KSB SE & Co. KGaA
  • Xylem Inc.
  • Sulzer Ltd
  • Torishima Pump Mfg. Co.
  • Danfoss A/S, ITT INC.
  • Flowserve Corporation
  • Ebara Corporation
  • WILO SE
  • Grundfos Holding
  • The Weir Group PLC
  • Alfa laval
  • Kubota Corporation
  • AxFlow Holding AB
  • Kirloskar Brothers Ltd.
  • Franklin Electric Co. Inc.
  • Tsurumi Manufacturing Co. Ltd.
  • Schlumberger Limited
  • Eureka Pumps AS

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Sea Water Pumps Market by Category:

By Product:

  • Centrifugal Pumps
  • Positive Displacement Pumps

By Operation:

  • Submersible
  • Non-submersible

By End Use:

  • Ships
    • Ballast Transferring
    • Firefighting
    • Bilge Pumping
    • High Pressure Deck Washing/Engine Cooling
    • Air Conditioning
  • Desalination Plants
  • Oil Refineries

By Flow Rate:

  • 1 – 50 M3/H
  • 51 – 150 M3/H
  • 151 – 350 M3/H
  • 351 – 500 s M3/H
  • Above 500 M3/H

By Region:

  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

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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:        

Nandini Singh Sawlani   

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
LinkedInTwitterBlogs | YouTube

Telehandlers Market Poised for US$ 6,247.6 Million by 2030, Fueled by Multipurpose Functionality and 5.1% CAGR

The global telehandlers market is poised for substantial expansion, with Future Market Insights (FMI) forecasting a robust Compound Annual Growth Rate (CAGR) of 5.1%. By the end of the decade in 2030, the market anticipates reaching an estimated valuation of approximately US$ 6,247.6 million. The increasing demand for telehandlers stems from their remarkable versatility, positioning them as indispensable assets across various industries such as infrastructure and construction development, manufacturing, mineral processing, and mining sectors.

Telehandlers, also known as telescopic handlers or teleboom forklifts, are swiftly establishing themselves as essential assets in modern construction and industrial environments. Their capacity to accommodate a variety of attachments and perform diverse tasks has driven their widespread adoption. This adaptability not only enhances operational efficiency but also reduces the need for multiple specialized machines, thereby optimizing operations and reducing costs.

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Telehandlers have developed from a conventional landscaping and farming machinery to a much more sophisticated construction equipment. Telehandlers manufacturers invest heavily in R&D to develop and incorporate changes in their product line.

While the US and European countries have been the early adopters of telehandlers, future growth will be reliant on demand from China, India, Brazil, GCC, and countries where mega projects are coming up.

Given their multipurpose features that enables them to perform the tasks of cranes, loaders, and access equipment in several industries, telehandlers are set to be the first machinery that can be deployed at operation sites for material handling without prior ground preparation.

Tech-driven performance and dependence in tandem with total cost of ownership (TCO) possess better value of money over long run.

End-users, seeking customized solutions at slightly higher price, will find value addition in telehandlers as overall machine expense and its utilization in projects will justify customers’ initial investment in the machinery.

Key Takeaways of Telehandlers Market Study:

  1. Worldwide sales of telehandlers to surpass US$ 6 Billion in 2030
  2. Manufacturers to reap substantial gains from telehandlers having maximum lift height of 30′-60′
  3. ‘Electrification’ and ‘lightweighting’ to emerge as disruptive forces in global market
  4. The US and Europe remain the most lucrative markets

“Telehandlers are equipped with an array of attachments including, jib and crane, pallet fork, tire handlers, and re-handling multi-purpose buckets, and these attachments are transforming continuously as the cab continues to explore potential application avenues,” says analyst at FMI.

Telehandlers Market – Competitive Intelligence:

Top Key Players covered in the report:

Danfoss, Terex Corporation (Genie), Haulotte Group, Oshkosh Corporation (JLG Industries, Inc.), Linamar Corporation, Manitou BF, J C Bamford Excavators Ltd., MAGNI Telescopic Handlers Srl, Doosan Bobcat, CLAAS KGaA mbH, Wacker Neuson SE, Xtreme Manufacturing Llc

The global telehandlers market is highly consolidated with prominent players capturing about two-fifths of overall market value. Manufacturers are developing telehandlers armed with new features in an effort to lock in customers and achieve economies of scale. For instance,

JCB has rolled out its new telehandlers – Hydraload 555-210R – with rotating telescopic handler. The machine comes with maximum lifting height of 20.5 m and maximum lift capacity of 5.5 tons

Xtreme Manufacturing has introduced telehandlers that exhibit 17,000-pound capacity. The telehandlers are armed with the company’s novel modular cab design that allows them to be simply switched from open to enclosed, or vice versa, with an optional gear. This offers customers with enhanced flexibility while running telehandlers in several environments

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Market Segments:

By Maximum Lift Height:

  • Upto 30’
  • 30’ – 60’
  • More than 60’

By Ownership:

  • Rental Services
  • End Use Industries
    • Construction
    • Agriculture Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • MEA
  • Oceania

Design Your Analysis – Request A Customized Report Now! https://www.futuremarketinsights.com/customization-available/rep-gb-4934

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:        

Nandini Singh Sawlani   

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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