Market Research Blog – Page 3942 – New Product Development

Global Commercial Griddle Market Set to Reach US$ 834.2 Million by 2033 with a Steady 4.7% CAGR

In an era marked by substantial growth, the global commercial griddle market reveals a promising future, forecasting a Compound Annual Growth Rate (CAGR) of 4.7% throughout the forecast period. Future Market Insights (FMI) projects a noteworthy trajectory for this thriving market, with an impressive valuation of US$ 525.8 million in 2023, poised to elevate to a remarkable US$ 834.2 million by 2033. A retrospective analysis by FMI indicates that the market, starting at US$ 496.0 million during the base year, has consistently grown at a CAGR of 3.7%.

Crafted from durable metal, the commercial griddle features a flat cooking surface renowned for its expansive area, establishing it as the ultimate choice for preparing large quantities of food in a single cooking session. These versatile appliances have firmly secured their position as a culinary staple, particularly in restaurants, where they play a central role in crafting an array of delectable dishes.

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The contemporary landscape of food service consumption is marked by an augmented pursuit of convenience and a diverse gastronomic experience. Consequently, this paradigm shift propels the growth trajectory of the commercial griddle and flat-top grill market. Notably, the market is poised to experience heightened demand for pioneering products, such as electric flat-top grills and griddles. This momentum is projected to sustain and gain momentum in the forthcoming period, thus inciting an increased surge in the demand for these specialized cooking appliances.

Key Takeaways from the Market Study:

Global market for commercial griddles & flat top grills was valued at US$ 1.9 billion in 2022
By end-user, full-service restaurants will account for 55% of commercial griddles & flat top grills usage in 2023
By distribution channel, specialty stores account for over 1/5th of all commercial griddles & flat-top grills sales
North America is expected to be a significant growth hotspot, with an expected CAGR of 4.8%
Asia-Pacific is expected to hold a credible revenue share in the market, amounting to 35%

“Stainless steel grills are becoming increasingly popular due to their long lifespan, cost-effectiveness, and increasing demand for premium products for outdoor and home cooking activities in the future,” says a Future Market Insights analyst.

Competitive Landscape:

With product line expansions, acquisitions, and mergers imminent, several companies are expected to prioritize research and innovation. Key players in the commercial griddles & flat top grills market are Welbilt Inc., The Middleby Corporation., Fujimak Corp., SIMCO Group, The Vollrath Co., Avantco Equipment, AB Electrolux, Standex International Corp., Equipex, Blaze Grills, Americarange, Secura and others.

In February 2023, Traeger Inc., the leader in wood-pellet grill technology, announced the launch of the new Flatrock Grill, which expands its outdoor cooking experience. Adaptable to any cooking method and a variety of cooking practices, the Flatrock Grill is the newest standard in the expanding griddle cookware category, bringing new flavor possibilities to customers with premium, innovative designs.
An Asian fusion restaurant, Flat Top Grill, will open in December at 2795 Katy Freeway, in Houston’s Lower Heights District. The Lower Heights District (located between Studemont and Sawyer) will be the first location outside the Midwest for Gulf Coast Commercial Group’s brand.

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Market Segments Covered:

By Griddle Type:

Single Sided Griddle
A Built-in Unit
Part of a Range or Cooking Center
Freestanding Unit
Double Sided Griddle

By Top Plate Type:

Flat
Ribbed
Mixed

By Plate Material:

Chrome Steel
Aluminium
Ceramic Glass

By Distribution Channel:

Offline Stores
Hypermarkets/Supermarkets
Convenience Store
Specialty Stores
Online Retail Stores

By End-User:

Full-service Restaurants
Quick Service Restaurants
Food Trucks
Cafeterias
Bars and Clubs

By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and 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 5000 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
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Industrial Dishwasher Market Aims for US$ 629.5 Million Valuation by 2033, Backed by a Consistent 3.3% CAGR

In a forward-thinking analysis conducted by Future Market Insights (FMI), the industrial dishwasher market is poised for substantial growth, signaling a promising future outlook. With an anticipated Compound Annual Growth Rate (CAGR) of 3.3% by 2033, this projected trajectory reflects a noteworthy transformation in the market. The journey towards growth is underscored by a significant rise in market value, forecasting an increase from the 2023 valuation of US$ 453.6 million to an impressive US$ 629.5 million by 2033.

This remarkable ascent follows a period of subdued demand, witnessing a decline of 2.9% from 2018 to 2022 when the market valuation stood at US$ 433.5 million. The pulse of demand for industrial dishwashers resonates most prominently within the hospitality sector, with hotels emerging as a prominent catalyst for this notable growth. The rapid expansion of the global travel and tourism industry has played a pivotal role in propelling the flourishing growth of the hotel business. Within the expansive canvas of the trillion-dollar travel and tourism sector, a significant portion of revenue is attributed to the food and accommodation segments, establishing an inseparable link between the two.

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Understanding the Role of Industrial Dishwashers in the Hospitality Sector:

In the realm of the hospitality industry, industrial dishwashers play a pivotal role that goes beyond mere convenience. These powerful machines, designed to efficiently handle large-scale dishwashing tasks, have a significant impact on the operational efficiency, hygiene standards, and overall customer experience within hotels and restaurants.

Enhancing Efficiency and Hygiene:

Industrial dishwashers are tailored to meet the high demands of commercial kitchens, where a constant flow of dishes, utensils, and glassware needs to be cleaned and sanitized promptly. Their advanced features and robust construction ensure a swift and thorough cleaning process, allowing staff to focus on other essential tasks. Moreover, the rigorous washing and sanitizing cycles offered by these machines uphold stringent hygiene standards, crucial in a sector where cleanliness is paramount.

Optimizing Workflow:

In a bustling hospitality environment, time is of the essence. Industrial dishwashers streamline the dishwashing process, minimizing delays and reducing the turnaround time for clean tableware. This efficiency not only improves the workflow within the kitchen but also contributes to smoother dining experiences for patrons.

Conserving Resources:

While industrial dishwashers handle heavy workloads, they are designed to do so with minimal resource consumption. Modern machines incorporate energy-efficient features that help conserve water and electricity. This not only aligns with sustainability goals but also translates into cost savings for businesses in the long run.

Elevating Customer Experience:

In the hospitality industry, customer satisfaction is the ultimate goal. Clean and sparkling tableware is an integral part of creating a positive dining experience. With industrial dishwashers ensuring spotless cleanliness, hotels and restaurants can impress their guests and establish a reputation for maintaining high-quality standards.

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Competitive Strategies Shaping the Industrial Dishwasher Market:

In the competitive arena of industrial dishwashers, industry players are orchestrating a symphony of strategic moves to capture attention, expand reach, and satisfy growing consumer demands. The stage is set with a series of planned product launches and strategic global expansions, all aimed at enhancing brand recognition and boosting sales.

The following companies are key leaders in the global market for industrial dishwasher:

Winterhalter
IFB Appliances
Meiko
Hobart Corp.
Haier Group Corporation
Electrolux AB
LG Electronics Inc.
Robert Bosch GmbH

Key Segments Covered in Report:

By Technology/Mechanism:

Semi-automatic
Fully-automatic

By Type:

Undercounter
Hood
Flight
Conveyor

By Capacity:

<50
50-200
200-500
>500

By Sales Channel:

Offline
Online

By Region:

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

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Commercial Tandoor Oven Market to Hit US$ 1,602.4 Million by 2033 with Steady 6.6% CAGR

In a comprehensive analysis conducted by Future Market Insights, the commercial tandoor oven market is currently experiencing robust expansion, reaching a noteworthy valuation of US$ 845.7 million in 2023. Forecasts indicate a promising trajectory with a projected Compound Annual Growth Rate (CAGR) of 6.6% throughout the forecast period, propelling the market to an impressive valuation of US$ 1,602.4 million by 2033.

Within the culinary domain, the commercial tandoor oven has evolved into an indispensable kitchen asset, gaining significant recognition, particularly in the hospitality sector where maintaining intense heat is paramount for authentic tandoori cooking. Its capability to sustain the high temperatures required for this culinary technique has not only positioned it as a preferred appliance but also as a culinary icon in traditional hotel kitchens. The enduring partnership between the tandoor oven and traditional culinary methods has created substantial opportunities, fostering dynamic activity in the market in recent years.

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In the fiercely competitive landscape of the restaurant industry, proprietors engage in ceaseless efforts to elevate the quality of their culinary offerings. This endeavor is driven by the aspiration to not only leave patrons with a desire to return but also to inspire them to enthusiastically recommend the establishment to others. Within this context, the pursuit of authenticity emerges as a paramount goal for restaurateurs, guiding their endeavors to craft memorable dining experiences. Extensive research has been devoted to comprehending authenticity across diverse scenarios, notably within restaurants embracing ethnic themes, exemplified by those integrating iconic installations like tandoor ovens that harken back to the 90s era.

Furthermore, the escalating interest among tourists in savoring traditional cuisine underscores the imperative for a profound understanding of this concept. Our comprehensive study has yielded an intricate framework that illuminates the foundational elements within historical food production. This framework seamlessly interconnects with the identified dimensions, namely legacy, people, and location, providing a holistic lens through which heritage food authenticity can be comprehended. By delving into these dimensions, potential risk factors concerning authenticity are also elucidated, offering restaurateurs invaluable insights to craft genuinely resonant dining experiences that stand the test of time and consumer discernment.

Key Takeaways from the Commercial Tandoor Oven Market Study:

Rising demand for visually appealing and versatile cooking appliances in any restaurant is a trend impacting the market exponentially.
South Asia & MEA hold a majority in the Commercial Tandoor Oven manufacturing global share
The stainless steel material types account for the bulk of the market share and will continue to do so for the foreseeable future.
Commercial Tandoor Oven market size will increase with the growing foodservice industry

“The commercial tandoor oven market participants can maintain a firm grip on market changes that present potential from the foodservice sector. Market companies are spending more money on the product’s safety aspect to maintain their place in the market. Additionally, manufacturers are focusing on utilizing technological developments to increase manufacturing productivity.” said a lead analyst at FMI.

Key Players:

Kumar Tandoor Machine Ms
SS Tan Tandoor
Sabari Kitchen
Ranvir
Dhanraj Bhati Tandoorwala
Shri Krishna Cooking Equipment
Nand Equipment Pvt. Ltd
Mohanlal Tandoors
Homdoor
Kanhaiyalal Tandoors
GULSHAN TANDOOR
Shiv Tandoor Wala
Bhawani

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Commercial Tandoor Oven Market by Category:

By Material:

Stainless Steel Tandoor
Clay tandoor
Mild Steel Tandoor

By Shape:

Round
Square

By Fuel type:

Gas
- Propane
- Petroleum gas
Electricity
Natural Sources
- Coal
- Wood

By Capacity:

100-200 Ltrs
200-400 Ltrs
400-600 Ltrs
Above 600 Ltrs

By Region:

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

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Author:

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

About Future Market Insights (FMI)

Contact Us:

Nandini Singh Sawlani

Global Weatherization Service Market Gears Up for Substantial Growth, Envisages Reaching US$ 52,852.1 Million by 2033 with a Steady 3.8% CAGR

In a trajectory marked by significant expansion, the weatherization services market is poised to achieve a projected valuation of US$ 52,852.1 million by 2033, with an estimated value of US$ 36,399.0 million in 2023. This upward trajectory is sustained by a consistent Compound Annual Growth Rate (CAGR) of 3.8% from 2023 to 2033.

A pivotal driver behind this impressive growth is the global commitment to promoting weatherization and energy-efficient practices. Governments worldwide have implemented a range of incentives, subsidies, and regulations aimed at encouraging the adoption of weatherization and energy-efficient measures. Key initiatives, including tax credits, rebates, and the establishment of energy efficiency standards, play a crucial role in driving widespread adoption within the market.

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Future Market Insights (FMI) is pleased to present its semi-annual analysis and review of the Weatherization Services Market, shedding light on the growth trends within this sector. One of the primary catalysts driving this market’s expansion is the burgeoning construction industry, which is inextricably linked to the world’s increasing population.

The sustained growth of the construction industry has led to a heightened demand for construction materials and aggregates, particularly for residential and commercial projects. This burgeoning demand dynamic is significantly influencing the upward trajectory of the weatherization services market.

In line with FMI’s analysis, the comparison between the BPS (Basis Point Share) values recorded during the first half of 2022 and the anticipated outlook for the same period reflects a decline of 20 units. However, when juxtaposed with the figures from the first half of 2021, the market is expected to witness a modest decrease of 19 BPS during the first half of 2022. These observations provide valuable insights into the evolving landscape of the Weatherization Services Market.

Country-wise Insights: Demand Surge in Key Markets

United States: Strong Growth Amidst Booming Construction Industry

In the year 2022, the United States Weatherization Services Market is poised to experience a remarkable 5.7% year-on-year growth. This surge can be primarily attributed to the robust expansion of the construction industry within the country. Despite a subdued corporate investment landscape, the building and construction sector in the U.S. is projected to continue its steady development. To harness the untapped potential within this sector, prominent companies in the U.S. weatherization services market are strategically focusing on product development.

Germany: Leading the Way in Western Europe

Germany stands as a pivotal consumer and provider in the Western Europe weatherization services market. It is expected to maintain its position as one of Europe’s foremost markets in terms of growth and utilization of weatherization services. The expansion of the residential sector in Germany, coupled with growing concerns about climate change, is fueling the demand for weatherization services. The residential infrastructures in the country often lack adequate insulation, presenting significant growth opportunities for market players.

China: Dominance in East Asia’s Weatherization Services Market

China, driven by its emphasis on infrastructural advancements and a surge in industrial output, is emerging as a major force in global GDP growth. The country has attracted substantial investor interest due to political and strategic transformations. Throughout the forecast period, China is expected to maintain a significant share in the global weatherization services market. Future Market Insights (FMI) estimates a robust 5.4% Compound Annual Growth Rate (CAGR) for the China weatherization services market, further solidifying its dominance in East Asia.

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Key Companies Profiled in Report:

TopBuild Corp
Insulated Building Products, Inc.
Builders FirstSource, Inc.
Takashima & Co., Ltd.
Dyson Energy Services Ltd
HomeWorks Energy, Inc.
USA Insulation
Banker Insulation
Anderson Insulation
Tripolymer Inc.
Dr. Energy Savers
RetroFoam of Michigan Inc.

Market Segmentation:

By Application:

Attic Insulation
Sidewall Insulation
Floor Insulation
HVAC
Doors & Windows Frame
Others

By Type:

Retrofit
New Construction

By End Use:

Residential
Commercial

By Region:

North America
Latin America
Western Europe
Eastern Europe
MEA
China
SEAP
Japan & Korea

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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)

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Nandini Singh Sawlani

Global Woodworking Circular Saw Blades Market Projected to Achieve a Valuation of US$ 68.3 Million by 2029, Driven by a Robust 4.4% CAGR

In an era marked by substantial expansion, the global woodworking circular saw blades market is poised for noteworthy growth, forecasting an impressive Compound Annual Growth Rate (CAGR) of 4.4% from 2022 to 2029. Commencing with a valuation of US$ 50.4 million in 2022, the market is steadily progressing towards attaining a substantial net worth of US$ 68.3 million by 2029.

The surge in global urbanization and industrialization plays a pivotal role, amplifying the demand for circular saw blades within the woodworking industry. As economies worldwide continue their trajectory of urbanization and industrialization, the necessity for precision cutting tools in woodworking applications has experienced significant growth. Circular saw blades have emerged as indispensable tools, contributing to heightened operational efficiency and precision in various woodworking processes.

This impressive growth trajectory is underscored by insights derived from a comprehensive half-yearly comparative analysis presented by Future Market Insights (FMI). Key findings from the report illuminate the factors propelling this upward trend in the woodworking circular saw blades market, providing valuable perspectives for industry stakeholders and enthusiasts alike.

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Sales via various online platforms are gaining popularity, as these sites allow customers to select products based on their needs. To gain a significant market share, many retailers and distributors are focusing on offering their products through online platforms.

Increased use of furniture in the commercial and residential sectors, as well as the use of wood as a thermal and electrical insulator in the industrial and manufacturing sectors, are expected to boost sales of woodworking circular saw blades, with the timber and wood processing industries performing admirably.

Asia Pacific Offering Lucrative Opportunities for Market Growth:

The demand for woodworking circular saw blades is expected to grow significantly in the coming years, owing to brisk residential and commercial construction activities in Asia Pacific developing countries. During the forecast period, rising demand from the furniture industry is expected to drive saw blade sales.

The growing popularity of wooden furniture and timber for construction in countries such as India, China, and South Korea is expected to drive the growth of the woodworking circular saw blades market.

More Valuable Insights on Woodworking Circular Saw Blades Market:

The research report provides a thorough assessment and future forecasts of the woodworking circular saw blades market on the basis of five primary segments listed as follows: mode of operation, blade type, diameter type, distribution channel, and end-use industry.

The report provides comprehensive information about global market sizing, key market manufacturers, and regional perspective on market. The report also provides important dynamics of the woodworking circular saw blades market. The scope of the research includes woodworking circular saw blades with carbide tips or complete carbide blades utilized in the woodworking industry.

Woodworking Circular Saw Blades Market: Competition Overview

The global woodworking circular saw blades market is fiercely competitive, with a large number of organised and unorganised players active in the global market. The global woodworking circular saw blades market is dominated by Freud Tools, Robert Bosch GmbH, Stanley Black and Decker, and Homag Group. Key players are concentrating on producing diverse blades for efficient performance in various operations.

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Market Segments:

By Mode of Operation:

Woodworking Circular Saw Blades for Stationary Machines
Woodworking Circular Saw Blades for Hand Machines (Power Tools)

By Blade Type:

Framing Blades
Rip-cut Blades
Crosscut Blades
Plywood Cut Blades

By Diameter:

Woodworking Circular Saw Blades Less than 100 mm
Woodworking Circular Saw Blades 100-200 mm
Woodworking Circular Saw Blades 200-300 mm
Woodworking Circular Saw Blades More than 300 mm

By Distribution Channel:

Online Sales of Woodworking Circular Saw Blades
Offline Sales of Woodworking Circular Saw Blades

By End-use Industry:

Timber
Wood Processing
Furniture & Carpentry
DIY

By Region:

North America Woodworking Circular Saw Blades Market
Latin America Woodworking Circular Saw Blades Market
Europe Woodworking Circular Saw Blades Market
East Asia Woodworking Circular Saw Blades Market
South Asia & Pacific Woodworking Circular Saw Blades Market
Middle East & Africa (MEA) Woodworking Circular Saw Blades Market

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Author:

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)

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Nandini Singh Sawlani

Global Water Treatment System Market Anticipates Remarkable Growth, Envisions Surpassing US$ 128.23 Billion by 2033 with a Steady 6.2% CAGR

In an anticipation of substantial growth, the global water treatment system market is poised to generate an estimated revenue of US$ 65,164 million in 2023. Forecasts from industry experts in industrial automation project a consistent Compound Annual Growth Rate (CAGR) of 6.2% through 2033, with the market aiming for a noteworthy valuation of US$ 128.23 billion by the conclusion of this period.

A pivotal driver behind this growth is the positive impact of increasing investments in municipality spaces dedicated to water treatment systems. The exponential surge in demand for potable water, exacerbated by escalating pollution levels and a growing global population, is intensifying the need for advanced water treatment systems. The heightened ecological burden on water bodies is compelling an increased demand for efficient water treatment systems, driven by a collective commitment to addressing environmental concerns. This underscores the industry’s dedication to confronting pressing challenges and fostering sustainable solutions in the global water treatment landscape.Top of FormTop of Form

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The paramount importance of technology and innovation spans across various dimensions of the water industry, encompassing safety, addressing scarcity, utility operations, water efficiency, monitoring, treatment, and data analytics. Market participants are witnessing a heightened interest from businesses and utilities in embracing and testing future-proof technologies.

For instance, the application of remote sensing in water management addresses non-revenue water issues and enhances water accounting, while the Internet of Things (IoT) facilitates water quality control and smart irrigation. When coupled with advanced computing capabilities, IoT empowers industry players to formulate intricate water management models.

Key Takeaways from the Water Treatment System Market Analysis:

Global adoption of water treatment systems projected to escalate at a 6.2% CAGR from 2023 to 2033.
Preliminary treatment systems expected to maintain dominance in revenue, constituting 39.3% of the market share.
Continued prominence of process water/water treatment applications throughout 2033.
Notable investments anticipated in the industrial sector by stakeholders.
East Asia poised to emerge as a focal point for capturing value in the coming years.

Impact of COVID-19 on the Water Treatment System Market:

Amid the COVID-19 pandemic, the significance of frequent handwashing and sanitation has been underscored as crucial measures to prevent contagion. However, UNICEF/WHO estimates that approximately 3 billion people lack access to such facilities. This crisis has highlighted the indispensable connection between clean water and public health, elevating cleanliness standards.

Water treatment systems have emerged as reliable and indispensable elements of societies, playing a pivotal role in safeguarding public health during the global crisis. The initial response of utilities to the pandemic, involving optimized disinfection measures, has been a crucial step in protecting utility workers, preserving receiving water ecosystems, and curbing the potential transmission of the coronavirus.

Confronting these challenges, numerous companies are enhancing existing water treatment facilities in heavily impacted regions, aiming to prevent potential COVID-19 outbreaks in places like community clinics, hospitals, and nursing homes.

Water Treatment System Market – Competitive Landscape:

The global water treatment system market demonstrates a considerable level of consolidation, with key players commanding a substantial share of market revenue. Manufacturers are strategically adopting innovative business models to solidify their market presence. Significant investments are directed towards research and development (R&D) initiatives, aiming to introduce novel designs with enhanced capabilities.

For instance, Arvind Ltd. has initiated the Kaigo initiative, offering water elements and operations & maintenance (O&M) services. This initiative encompasses technologies and products essential for constructing and maintaining efficient wastewater treatment systems. Aquatella has pioneered a 4-stage countertop water filter capable of removing nearly 99% of heavy metals, toxic pathogens, chemicals, and pesticides from drinking water. Pentair plc has broadened its portfolio through the September 2022 acquisition of US-based water treatment equipment firms, Pelican Water Systems and Aquion.

Key Players:

SUEZ SA
Veolia Environment S.A
Ecolab Inc.
Xylem Inc.
Pentair Plc
Evoqua Water Technologies LLC
BWT Aktiengesellschaft
Thermax Global
Voltas Limited
VA Tech Wabag Ltd., among others.

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Water Treatment System Market Segments:

By System Type:

Water Treatment
- Membrane Bio- Reactor (MBR)
- Reverse Osmosis (RO)
- Micro- Filtration (MF)
- Nano/Ultra Filtration (NF/UF)
- Disinfectants (UV, Ozone)

Sludge Treatment
- Activated Sludge
- Sludge Thickening & Dewatering
- Sludge Drying

By Application:

Process Water/Water Treatment
Waste Water Treatment
Zero Liquid Discharge
Desalination

By End Use:

Residential Buildings
Commercial Buildings
Municipality
Industrial
- Chemical & Petrochemicals
- Oil & Gas
- Mining & metals
- Food & Beverage
- Pharmaceuticals
- Semiconductors
- Thermoelectric Power Plants
- Pulp & Paper
- Sugar Mills
- Textiles
- Leather

By Region:

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

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Author:

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)

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Nandini Singh Sawlani

Produced Water Treatment Systems Market Aims for Exemplary Growth, Projected to Surpass US$ 6.38 Billion by 2029 with a Resilient 5.8% CAGR, States FMI

In a phase of sustained expansion, the produced water treatment systems market foresees a noteworthy Compound Annual Growth Rate (CAGR) of 5.8% from 2022 to 2029, reaching a valuation surpassing US$ 6.38 billion. Currently valued at approximately US$ 4.29 billion in 2022, this substantial upswing is primarily propelled by the escalating global activities in the oil and gas sector.

A pivotal factor driving this remarkable growth is the influential role played by North America, emerging as a regional leader in the dynamic landscape of produced water treatment systems. In 2022, North America is poised to dominate with the largest market share, accounting for an impressive 31.4%. Several factors contribute to the region’s preeminence in this sector.

Foremost among these factors is North America’s robust ecosystem of leading oil and gas enterprises, positioning it as a focal point for industry innovation and substantial investments. These companies actively contribute to the advancement of produced water treatment technologies, driven by a commitment to addressing environmental concerns and adhering to increasingly stringent regulatory requirements. This commitment underscores North America’s pivotal role in shaping the trajectory of the produced water treatment systems market.Top of FormTop of Form

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The global market for produced water treatment systems is being driven by a combination of factors, including the escalation of government regulations pertaining to the discharge of produced water and the growing concerns about water scarcity.

Among the various tertiary treatment methods available for produced water, reverse osmosis stands out due to its remarkable efficiency in removing bacteria, ions, and a diverse range of particles.

Furthermore, the implementation of rigorous regulations aimed at curbing the environmentally harmful release of produced water has exerted a positive influence on the expansion of the produced water treatment systems market. As a response to these regulations, oil and gas companies are increasingly adopting water treatment systems to align with compliance requirements.

Key Observations:

Robust Adoption of Produced Water Treatment Facilities Driving Growth in the US
Increasing Water Scarcity Driving Demand in the UK
Produced Water Treatment Systems in High Demand Across Upstream Oil and Gas Sector
Compact 100-500 Capacity Systems Gaining Popularity for Produced Water Treatment
Prominence of Reverse Osmosis Water Filter Systems Establishing Them as Standard Method for Produced Water Treatment
Elevated Onshore Oil and Gas Operations Boosting Demand for Enhanced Water Treatment Systems

Competitive Scenario:

The landscape of the produced water treatment systems market is marked by intense competition, with leading players actively enhancing their product offerings. These companies have adopted a mix of organic and inorganic strategies, including partnerships, advanced product launches, collaborations, and acquisitions, to establish dominance in the market. Notable instances include:

Heartland Technology’s Collaboration with Power-On-Demand: In March 2021, Heartland Technology partnered with Power-On-Demand, a provider of oil and gas cogeneration solutions. This collaboration aimed to deliver innovative power-water solutions to the energy industry, generating cleaner on-site power with reduced greenhouse gas emissions. This partnership also offered cost-effective solutions for produced water disposal and reuse.
GE’s Introduction of ZeeWeed 700B: In May 2016, GE unveiled a novel water treatment technology called ZeeWeed 700B, tailored for the offshore oil and gas industry. This technology contributed to enhanced water treatment capabilities for offshore operations.
Ovivo Inc.’s Investment in Silicon Carbide Membranes: In November 2021, Ovivo Inc., a global water and wastewater treatment solutions provider, invested over $25 million to establish a cutting-edge facility in the United States. The facility was dedicated to producing Cembrane’s patented Silicon Carbide flat sheet membranes, reinforcing advanced water treatment technologies.
Veolia Water Technologies’ Launch of TERION: In July 2020, Veolia Water Technologies introduced TERION, a standard single-skid unit combining single-pass reverse osmosis and continuous electro-deionization. This innovation aimed to produce high-grade deionized water catering to laboratory, power, and general industrial needs.

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Key Industry Leaders:

Siemens Water Technologies
Alderley plc
Frames
Aker Solutions
Aquatech
Schlumberger
FMC Technologies
Veolia
Cetco
Eco-Tec
Thermoenergy
Ecosphere
MIOX
Ovivo
Global Water Engineering

Market Segmentation:

Capacity (thousand bl/day):

Less than 100
100 to 500
Above 500

Technology:

Primary
Secondary
Tertiary

Application:

On Shore
Off Shore

Region:

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

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Author:

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.

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Nandini Singh Sawlani

Global Vibrating Screen Market Set to Surpass US$ 2.3 Billion in Sales by 2029, Fueled by Polyurethane Advancements

In the midst of extraordinary expansion, the global vibrating screen market is currently experiencing a remarkable surge, poised to achieve sales exceeding US$ 1.37 billion in 2022. This initial phase sets the stage for a sustained growth trajectory, characterized by a robust compound annual growth rate (CAGR) of 7.6%. By 2029, the market is anticipated to reach a substantial size of US$ 2.3 billion.

This remarkable surge is attributed to various factors, with a significant contributor being the increasing adoption of vibrating screens made from polyurethane materials. Widely acclaimed for their efficiency in gold, iron ore, and coal processing activities, these screens demonstrate adeptness in separating diverse minerals from granular materials and coarse stones. Their versatility positions them as invaluable assets in both wet and dry material processing applications, further propelling the market’s impressive trajectory.Top of FormTop of FormTop of Form

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The increased use of vibrating screens made of polyurethane materials in gold, iron ore, and coal processing activities is expected to drive market growth. These products can separate various minerals from granular materials or coarse stones, making them suitable for both wet and dry materials.

Polyurethane screen sales are expected to increase due to their high durability in a variety of industries, including cherry-picking, iron and steel production, recycling, construction aggregate, and wood processing.

Upswing in mining processes to suffice the requirement for precious metals and hard rock minerals as well as in construction activities to build infrastructure assets is the messiah of pain points of the global vibrating screen market, suggests FMI. On the contrary, the growth trail will get hindered by tumbling mining operations on grounds of environmental amendments to curb carbon footprint and high attrition rate among miners due to on-site adversaries.

Demand for Circular Vibrating Screens in Mining Industry to See an Upturn:

Circular vibrating screens are inundating more than half of the market revenues, as per FMI’s study. The mining industry, including coal mines, and quarrying sites, is leveraging circular vibrating screens owing to their ability to classify materials with large specific gravity, large particles and great rigidity. The exciter of circular vibrating screens is mounted above the center of gravity of the screen box and the upper tip of elliptical long axis of the feeding end is positioned towards the leakage direction, which results in higher processing capacity per unit time than that of its linear counterpart.

On the flip side, the complexity of shakers and fast-rate rotation of the two shafts in linear vibrating screens imply high fueling demands. Further, the FMI’s study finds that linear vibrating screens are chiefly utilized for classification of fine particles, light weight, and low stiffness materials, making them suitable for industries such as, building materials, chemical, and pharmaceutical.

Manufacturers showing Stauncher Inclination toward Direct Drive System:

As per the FMI’ report, adoption of direct drive system in vibrating screen accounts for more than 50% of the market revenues owing to the absence of gearboxes and belts in the design, which results in lesser wear and tear between the components. The direct drive system is cost-efficient as the moving parts in the operation and framework are less complicated. For noise abatement, the direct drive system comes up with simple arrangement and lesser moving components which may vibrate during mechanism.

Key Players Profiled:

Terex Corporation
Haulotte Group
Oshkosh Corporation
Linamar Corporation
Tadano Ltd
Aichi Corporation
MEC Aerial Work Platforms
Palfinger AG
Hunan Sinoboom Heavy Industries Co. Ltd.
Zheijiang Dingli Machinery Co. Ltd.
Manitou Group
Mantall Heavy Industry Co. Ltd.
Nobleleift Intelligent Equipment Co. Ltd.
IMER International SpA
J C Bamford Excavators Limited

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Market Segments Covered:

Product Type:

Linear Vibrating Screens
Circular Vibrating Screens
Elliptical Vibrating Screens

Drive Type:

Direct Drive
Indirect Drive

End-use Industry:

Construction
Mining
Recycling
Others (Iron & Steel, Power, etc.)

Region:

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

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Author:

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)

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Nandini Singh Sawlani

Vegan Pasta Market Poised for Striking Growth, Projected to Reach US$ 421.6 Million by 2033

The Vegan Pasta Market is poised for robust growth from 2023 to 2033, with a remarkable 9.9% compound annual growth rate (CAGR). Starting at a market size of US$ 176 million in 2023, it is projected to nearly triple in value, reaching US$ 421.6 million by 2033. This impressive growth is driven by the increasing adoption of plant-based diets and the continuous innovation in pasta varieties to cater to a growing demand for healthier and sustainable food choices. As consumers become more health-conscious and environmentally aware, the Vegan Pasta Market is positioned to thrive in the coming years, offering a delicious and ethical alternative to traditional pasta options.

Customers demand a healthy diet, lifestyles are changing quickly, it takes less time to manufacture, there are many various types of vegan pasta available, and vegan pasta is thought to be a superior and healthier product, thus the market is growing.

Despite the increased competition brought on by the entry of numerous new competitors, the premium position and high price of vegan pasta may be able to limit market expansion. Misconceptions about vegan products and their health benefits limit the international growth potential of the vegan pasta business.

On the other hand, an increase in vegan food consumers, changes in consumer eating habits towards healthier meals, the use of the internet as a distribution channel, and greater consumer knowledge of vegan products are all contributing to the expansion of the worldwide vegan pasta market. New vegan pasta variations and improved marketing tactics are two additional potential to expand the vegan pasta business globally.

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Key Takeaways from Market Study

The global vegan noodle market is expected to be dominated by China. Vegan foods, vegan ingredients, and vegan noodles are becoming increasingly popular among consumers in the country.
The growing vegetarian population in India is expected to drive the growth of the vegan pasta market in the coming years.
As the number of consumers increases in the United States, online retailers make appealing offers such as discounts and free delivery schemes to reduce the hassle of shopping, thereby increasing demand for vegan pasta.
Brazil remains one of the most prominent vegetarian nations. This is expected to increase market demand for vegan pasta in the country.
In the United Kingdom, a predominantly meat-eating country, approximately 160,000 people declared themselves vegan in 2017, with an additional 700,000 declaring themselves vegan by 2021. Veganism has grown in popularity over the years, so the market is expected to expand during the forecasted period.

“Pasta, the most popular convenient food, is becoming more popular in the vegan market. Several well-known brands have begun to offer various types of vegan pasta, accelerating the global vegan pasta market’s growth,” says a Future Market Insights analyst.

Competitive Landscape

Key players in the vegan noodles market are focusing their efforts primarily on emerging countries, which offer numerous lucrative opportunities for the vegan noodles market. The major players in the vegan noodles market are constantly introducing new products that are tasty and come in a variety of flavours.

Barilla acquired Catelli, a Canadian company, in February 2021. The company’s dry pasta plant in Montreal is included in the acquisition (Quebec).

Some of the key players in the vegan noodles market include Cece’s Veggie Co., Nissin Food Products Co. Ltd., Myramen Inc., Dr. McDougall’s Right Foods, Lotus Foods Inc., House Foods America Corporation, Barilla G. e R. F.lli S.p.A, Nongshim America, Inc., and Marzetti Company.

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Explore More Valuable Insights

Future Market Insights, in its new report, offers an impartial analysis of the global vegan pasta market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on category (Fresh, Dried) nature (Organic, Conventional) source (Wheat, Rice, Legumes, Buckwheat, Oats, Others (Fava Beans, Quinoa, etc.)) product (Penne, Spaghetti, Elbows, Fettuccine & Linguine, Filled Pasta, Others (Angel Hair, Farfalle, etc.)) packaging (Boxes, Trays, Packets & Pouches) distribution Channel (Direct (B2B), Indirect (B2C), Hypermarkets/ Supermarkets, Convenience Stores, Discount Stores, Food and Drink Specialty Stores, Independent Small Groceries, E-Commerce (Online Retail)) region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East and Africa).

Frequently Asked Questions

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Author

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

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

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Nandini Singh Sawlani

Global Pallet Truck Market Primed for Exponential Growth, Targets an Impressive US$ 79,833.7 Million Valuation by 2033 with a Strong 7.5% CAGR

In the dynamic landscape of the global pallet truck market, a significant surge is anticipated, projecting an impressive valuation of US$ 41,115.3 million by the year 2023. Fueled by a remarkable Compound Annual Growth Rate (CAGR) of 7.5%, this upward trajectory is poised to endure until 2033, steering the market towards an extraordinary valuation of US$ 79,833.7 million.

End-users are increasingly leveraging the benefits of pallet truck rentals, strategically allocating resources towards core business operations and daily supply chain activities. Central to this growth are pallet truck companies, playing a pivotal role in ensuring the seamless availability of pallets within operational areas. This contribution is instrumental in realizing a streamlined and efficient supply chain, reflecting the industry’s commitment to excellence.Top of FormTop of Form

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According to the historical estimations from 2017 to 2021, the demand for pallet trucks surged at a stable 3.3% CAGR and is expected to surge by 3.9% in 2022. Due to the growing production capacities and increasing demand in various end-use industries such as food & beverages, retail stores, wholesale distributions, and manufacturing, a reasonable increase in Year-on-Year basis growth was witnessed in 2022.

Future Market Insights predicts a comparison and review analysis of the dynamics of the pallet truck market. Due to the ever-changing dynamics of warehousing and material handling, the emergence of the internet, e-commerce, and freight & logistics have revolutionized the retail sector and driven up demand for the pallet truck market.

Key Takeaways from Report:

Expansion of the e-commerce and freight & logistics sectors is expected to rise sales in the retail industry which is resulting in changing dynamics of warehousing and material handling, resulting in increased demand for pallet trucks.
The adoption of electric vehicle technology in the material handling sector is anticipated to create positive prospects for the adoption of pallet trucks. As per the FMI analysis, the global pallet trucks market accounts for about 22% of its parent market known as the global material handling equipment market.
With the expansion of warehouses, logistic activities, and industrial transportation, the popularity of pallet trucks is also increasing. As per the FMI estimations, the adoption of electric vehicle technology in the material handling industry will spread the latent development opportunities for the global pallet truck market.
Large public industrial programs are expected to appear in the building sector in countries like the United States, China, Europe, and India. It will help in expanding the potential for public-private partnerships to finance new projects.
The developing nations ought to concentrate on fostering intra-regional trade. This is expected to strengthen the local construction sector and broaden opportunities for the pallet truck market to excel.
Owing to the surging emphasis on lean supply chain management, end users are able to focus their energies, resources, and attention on their core business and day-to-day supply chain activities by renting pallet trucks. Moreover, the pallet truck companies also make sure that pallets are available in all the prime operational areas, resulting in a lean supply chain.

Competitive Landscape:

The dominant pallet truck manufacturers in the market are heavily investing in a wide array of technologies such as vision guidance systems, IoT, automation, GPS, and lasers. Several key players are also incorporating autonomous trucks and automated guided vehicle systems (AGVs) into end-to-end solutions for warehouses. The global market players are concentrating on long-term pricing contracts with raw material suppliers in order to avoid volatile price fluctuations in raw materials.

Key Players:

Kion group
Toyota Industries Corporation
Mitsubishi Logisnext
Jungheinrich AG
Crown Equipment Corporation
Hyster Company
Goscor Lifts Truck
Hyundai Heavy Industries
Godrej & Boyce
Nilkamal Limited

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Key Segments Covered In Pallet Trucks Industry Analysis:

Control:

Manual
Semi-Electric
Electric
Diesel
Compressed Natural Gas (CNG)
Others

Product Type:

Standard
Quarter
Silent
Weighing
Scissor

Load Capacity:

Below 2000 Kg
2000 – 4000 Kg
4000 – 6000 Kg
Above 6000 Kg

End-Use Industry:

Food & Beverages
Retail stores
Wholesale Distributions
Freight and Logistics
Manufacturing
Others

Region:

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

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Author:

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)

Contact Us:

Nandini Singh Sawlani