Industrial Linear Accelerator Market Poised for Remarkable Growth: Anticipated to Reach US$ 5,486.4 Million by 2032 with a 6.3% CAGR

The industrial linear accelerator market is on an upward trajectory, positioned for substantial growth throughout the forecast period. In 2022, it is expected to secure an impressive valuation of US$ 2,979.8 million, and by 2032, it is anticipated to attain a substantial worth of US$ 5,486.4 million. This remarkable growth is underpinned by a projected compound annual growth rate (CAGR) of 6.3%, highlighting the market’s inherent potential and vitality.

The primary catalyst driving the surge in demand for industrial linear accelerators is their pivotal role in non-destructive testing (NDT). These sophisticated devices facilitate the assessment of various material properties without causing any damage. NDT has evolved into an indispensable practice across a myriad of industries, spanning aerospace, automotive, manufacturing, and healthcare. The ability to inspect and evaluate materials without compromising their structural integrity not only enhances product quality but also contributes significantly to safety and reliability.

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Diverse Applications Drive Industrial Linear Accelerator Market Growth:

The industrial linear accelerator market finds applications across a wide range of sectors, including medical waste disposal, cargo inspection, food irradiation, agriculture, aerospace, gemology, castings inspection, rocket motors, and defense/missile systems. Notably, scanning devices are effectively employed for cargo and vehicle inspection, as the process doesn’t compromise the integrity of the material being examined while also saving valuable time and resources. This versatility positions industrial linear accelerators as essential tools in waste management, metal casting, mining, and the food and preservatives industry.

Noteworthy Innovations and Trends in the Industrial Linear Accelerator Market:

Innovation continues to shape the industrial linear accelerator landscape. For instance, Marco Carlone, a prominent expert in the field, has introduced an online simulation tool tailored to assist medical physicists. This groundbreaking tool is expected to catalyze transformative changes within the industrial linear accelerator market. Furthermore, the increasing adoption of non-invasive treatment methods is anticipated to further propel the growth of the industrial linear accelerator market in the coming years.

“Given the extensive applications of industrial linear accelerators across both public and private sectors, the global industrial linear accelerator market is poised for remarkable growth in the coming years,” remarks an analyst at Future Market Insights.

Insights from the Industrial Linear Accelerator Market Study:

  • Europe accounts for approximately 28% of the market share, driven by the increasing volume of international trade activities.
  • North America holds over 20% of the market share, attributed to a surge in industrial production within the United States.
  • The Asia-Pacific region is expected to experience rapid growth in the industrial linear accelerator market, fueled by the proliferation of Industry 4.0 initiatives.

Some of the key players in the market are:

  • MITSUBISHI HEAVY INDUSTRIES, LTD.
  • Wasik Associates Inc.
  • VIVIRAD S.A
  • Iotron Industries Canada, Inc.
  • IBA Group
  • Jiangsu dashing accelerator manufacturer co., LTD
  • DIONDO GMBH
  • High Voltage Engineering Europa B.V. (HVE)
  • NISSIN ELECTRIC Co., Ltd.
  • Varian Medical Systems, Inc.

Recent Developments in the Industrial Linear Accelerator Market:

  • In 2019, Altair Technologies unveiled a new website catering to various industries, including medical, security, and defense, to enhance its online presence and engagement.
  • In 2019, CGN Dahseng Company, Nondestructive Testing Company, and Thailand Advanced Sterilization Company entered into an agreement to promote the establishment of an Electron Accelerator Application Research Centre in Thailand, focusing on electron beam technology for various applications.
  • In April 2021, Varian partnered with Icon Group to deliver 30 linear accelerators and associated treatment software to address the rising cancer cases, thereby contributing to cancer treatment efforts.

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Key Segments:

On the basis of End Use Industry:

  • Automotive industry
  • Metal casting industry
  • Aerospace industry
  • Missile/defence industry
  • Food processing industry
  • Medical Waste Disposal Services Industry
  • Others

On the basis of the Varying Energy Ranges Industry:

  • 2 MeV – 4 MeV
  • 5 MeV – 7 MeV
  • 8 MeV – 10 MeV
  • 10 MeV – 12 MeV
  • Others

On the basis of the Application:

  • Industrial Radiography
  • Cargo Screening
  • Radiation Processing
  • Polymer Modification
  • Sterilization
  • Food Preservation
  • Waste Treatment
  • Others

By Region:

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

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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 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
Website: https://www.futuremarketinsights.com
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Analysis of the Hammer Mill Market: Projected Growth at a CAGR of 5.3%, Envisioning a Reach of US$ 5,677.3 Million by 2033

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

The Hammer Mill Market is currently experiencing robust growth, driven by its extensive applications across diverse sectors, including agriculture, mining, pharmaceuticals, and food processing. This versatile machinery plays a pivotal role in the size reduction of various materials, encompassing grains, minerals, and biomass, thereby rendering it indispensable in modern industrial processes. Within the agricultural sector, hammer mills are instrumental in efficiently crushing grains to produce animal feed.

According to Future Market Insights (FMI), the global hammer mill market is poised to reach a projected size of US$ 3,389.5 million in 2023. Over the ensuing decade, from 2023 to 2033, the global sales of hammer mills are anticipated to exhibit a notable compound annual growth rate (CAGR) of 5.3%. By the year 2033, it is projected that the total market value will reach an impressive US$ 5,677.3 million.

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The burgeoning demand for processed food products and the rapid expansion of critical end-use sectors, notably agriculture and food & beverages, are pivotal factors propelling the global market’s growth trajectory.

Hammer mills find indispensable utility in various sectors, contributing to the reduction in the size of materials such as grains, minerals, biomass, and more. They are particularly sought after in the agricultural, mining, pharmaceutical, and food processing industries, where their versatile capabilities are highly valued.

Hammer mills represent versatile equipment capable of effectively handling a wide array of materials and tasks. Their applications encompass crushing, pulverizing, and grinding a diverse range of substances, spanning from grains and minerals to biomass and beyond.

Available in various sizes, hammer mills find utility in numerous industries, contributing significantly to the enhancement of production efficiency by achieving uniform material size reduction.

The burgeoning agriculture and food & beverage sectors are experiencing a notable surge in the adoption of hammer mills, thereby propelling the global market forward. This trend is driven by the increasing demand for processed foods, a consequence of population expansion and economic growth.

To meet this escalating demand, hammer mill manufacturers are strategically investing in the development of efficient and scalable production facilities. These investments encompass optimizing production processes, ensuring stringent quality control measures, and augmenting production capacity to meet the diverse requirements of customers.

In addition to domestic markets, prominent companies are actively exploring opportunities for market expansion in high-potential regions such as India and Japan. They are further demonstrating their commitment to sustainability by introducing innovative, energy-efficient solutions and fostering partnerships with reputable distributors.

Key Takeaways of Global Hammer Mill Market Study

  • The global hammer mill industry is projected to exceed a valuation of US$ 5,677.3 million by 2033.
  • By mill type, lump breaker segment is expected to hold a market share of around 5% in 2023.
  • Based on application, coarse milling segment is likely to dominate the global market with a share of around 64% during the assessment period.
  • Tier-1 Players account for around 25% to 30% of the overall market.
  • Europe currently holds around 37% share of the global hammer mill industry.
  • East Asia holds about 4% share of the global market.
  • Hammer mill demand in the United States market is projected to rise at a steady pace through 2033.

“Growing popularity of solar-based hammer mills that harness the power of solar energy is expected to revolutionize the global hammer mill industry during the projection period. These mills offer a game-changing solution for processing grains, maize, rice, and other crops into essential commodities like flour and animal feed. Not only do they provide a sustainable alternative to diesel-powered mills, which rely on costly fuel imports and contribute to environmental pollution, but they also pave the way for affordable and accessible entrepreneurship in rural communities.” says a lead Future Market Analyst.

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Who is Winning?

Hosokawa Micron Powder System, Andritz, Buhler Group, Schenck Process Holding Ltd GmbH, Hosokawa Micron Corp, L.B. Bohle Maschinen & Verfahren GmbH, and others are few of the leading hammer mill manufacturers profiled in the report.

These key companies are focusing on introducing cost-effective and automated solutions to meet changing end user requirements. They are also utilizing strategies such as agreements, partnerships, mergers, acquisitions, and collaborations to strengthen their market presence. For instance,

  • In November 2022, Buhler launched a new hammer mill series with improved features that offer significant energy savings and flexibility while maintaining product quality & safety standard.

Find More Valuable Insights

The research report analyzes the market demand trends of the global hammer mill market. The market estimation and growth projection are based on factors like end-use industries development, COVID-19 crisis impact, replacement ratio, and rate of Urbanization.

As per Future Market Insights’ (FMI) research scope, the hammer mill market has been studied and segmented on the basis of mill type, capacity, application, end use, & Region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the supply and demand sides of the market.

Global Hammer Mill Market by Category

By Mill Type:

  • Full Circle Screen
  • Gravity Discharge
  • Horizontal In-Feed
  • Lump Breaker
  • Pneumatic Discharge

By Capacity:

  • Upto 1 Ton/hr.
  • 1–3 Ton/hr.
  • 3–6 Ton/hr
  • 6-10 Ton/hr
  • 10–50 Units/hr.
  • 50–150 Units/hr.
  • 150–300 Units/hr.
  • Above 300 Units/hr.

By Application:

  • Fine Milling
  • Ultra Fine Milling
  • Coarse Milling

By End Use:

  • Agriculture
  • Food & Beverages
  • Metals & Mining
  • Energy and Power
  • Scrap Recycling
  • Chemicals
  • Pharmaceuticals

By Country:

  • Canada
  • Brazil
  • Mexico
  • Rest of Latin America
  • Germany
  • Italy
  • France
  • United Kingdom
  • Spain
  • BENELUX
  • Russia
  • Rest of Europe
  • China
  • Japan
  • South Korea
  • India
  • ASEAN
  • Australia and New Zealand
  • Rest of South Asia & Pacific
  • GCC Countries
  • Türkiye
  • Northern Africa
  • South Africa Rest of Middle East and Africa

About Us

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

Contact:

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

Industrial Fuel Filters Market: Fueling Robust Growth with a Projected Valuation of US$ 784.3 Million by 2032, at a 5.1% CAGR

The global industrial fuel filters market is currently in the throes of significant growth and stands ready for further expansion. In 2022, it has already achieved a substantial value of US$ 476.8 million, and forecasts point towards its ongoing ascent, with an estimated worth of US$ 784.3 million by 2032. This remarkable growth is bolstered by a projected compound annual growth rate (CAGR) of 5.1% during the forecast period, illustrating the market’s resilience and untapped potential.

Multiple pivotal factors are contributing to the vigorous embrace of industrial fuel filters. The escalating presence of electric vehicles (EVs) stands out as a noteworthy driver. As the automotive industry undergoes a transition towards electric propulsion systems, the focus is not solely on traditional internal combustion engines. Even within the realm of EVs, fuel filtration assumes a pivotal role in preserving the efficiency and durability of fuel cells and other energy storage systems, thus igniting a heightened demand for industrial fuel filters.

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Rising Adoption of Industrial Fuel Filters: Electric Vehicles, Automation, and Emissions Standards

The utilization of industrial fuel filters has surged recently, driven by the increased presence of electric vehicles and advanced automation. Moreover, stringent emissions regulations and heightened production levels have contributed to the recent expansion of the industrial fuel filters market. Despite a moderate growth pace, the market is projected to witness a higher CAGR during the forecast period.

Enhanced indoor air quality and improved machinery efficiency are some of the factors fueling the demand for industrial fuel filters. End-use industries are increasingly incorporating these filters to enhance their fuel supply cleanliness. Furthermore, fuel filters play a crucial role in eliminating contaminants such as rust, pollen, and liquid droplets. This dual function not only ensures cleaner fuel but also boosts operational efficiency and overall engine performance.

Boosting Engine Performance: Surging Demand for Industrial Fuel Filters

The industrial fuel filters market is experiencing growth driven by the need for enhanced engine safety during the forecast period. Various types of industrial fuel filters, including metal cartridge fuel filters, fuel injection filters, spin-on fuel filters, and metal-free filters, are poised to witness increased demand based on end-users’ requirements. Additionally, the market’s expansion is propelled by the growing awareness of environmental concerns and government initiatives, contributing to recent growth.

The market segmentation encompasses various types, including chemicals, oil & gas, and marine sectors. Throughout the forecast period, the oil and gas sector is expected to dominate the market. The combination of increasing environmental regulations and technological advancements in the industry has propelled market growth. The focus on improving the quality of oil and gas further fuels the demand in this sector during the forecast period.

Diverse Competition: Shaping the Industrial Fuel Filters Market Landscape

The industrial fuel filters market is characterized by global prominence and fragmentation among key players throughout the forecast period. These players are strategically introducing and developing new products to cater to consumers’ evolving demands. The market dynamics are driven by a range of marketing tactics such as acquisitions, product launches, collaborations, and mergers.

Some of the notable players in this competitive landscape include:

  • The Mann+Hummel Group
  • Donaldson Company, Inc.
  • MAHLE GmbH
  • Clarcor Inc.
  • AC Delco Inc.
  • Ahlstrom Corporation
  • Cummins Inc.
  • Sogefi SpA
  • Denso Corporation
  • Hengst Se & Co. Kg
  • GUD Holdings Limited
  • Ryco filters
  • Advanced Filtration Systems

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Industry Segmentation:

Sales Channel:

  • OEM (Original Equipment Manufacturer)
  • Aftermarket

Filters Media:

  • Cellulose
  • Pure Glass
  • Synthetic-Laminated

Product Type:

  • Spin-on Fuel Filters
  • Inline Fuel Filters
  • Cartridge Fuel Filters
  • Nylon Fuel Filters
  • In-tank Fuel Filters
  • Universal Fuel Filters

By End Use:

  • Oil & Gas
  • Marine
  • Chemicals

By Region:

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

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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 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
Website: https://www.futuremarketinsights.com
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Factors Influencing the Construction Anchors Market Growth: 6.0% CAGR and US$ 19.5 Billion Projected by 2032

The Construction Anchors Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Construction Anchors market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Construction Anchors. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Construction Anchors Market plays a pivotal role in enhancing audience seating experiences at outdoor venues, ensuring a safe and secure environment throughout various events. These anchors offer reliable support, keeping spectators comfortably seated, and minimizing any potential risks. Moreover, beyond their use in seating arrangements, construction anchors find additional applications in outdoor settings by firmly securing large objects such as sculptures and signs in place.

The construction anchors market is anticipated to expand at a CAGR of 6.0% from 2022 to 2032, reaching a valuation of US$ 19.5 Billion by the end of that year. As engineers look for compact, corrosion-resistant ways to support engineered slopes and retaining walls, the use of construction anchors is expanding.

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The use of anchors in outdoor venues helps with audience seating as well because they offer a safe and secure way to keep spectators in their seats throughout an event. Large objects like sculptures or signs can be secured in place using anchors as well.

The market is expanding as a result of rising project investment and demand for new build extensions in developing nations. The construction of buildings segment

“Increasing residential construction activities in the development of smart cities, along with growing demand for construction anchors made from sustainable materials will augment the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • By Application, retail sales are expected to grow at a CAGR of 6.2% during the forecast period.
  • By product type, the metal segment is anticipated to dominate the market of construction anchors and is further expected to account for about 36.6% of the market share.
  • By sales channel, the retail segment is projected to lead the construction anchors market and is further anticipated to create an absolute dollar opportunity worth US$ 2,033.5 Mn in between the forecast period.
  • In terms of region, construction anchor sales in Europe are estimated to exhibit a CAGR of 6.3%.

Construction Anchors Market Competitive Landscape

Manufacturers are strategically collaborating with technology partners for long supply relations and to instigate a central control unit for different ADAS technologies.

Summary

The research report analyses the market demand trend for the construction anchors. The global market is based on COVID-19 impact, macroeconomic factors, market trends & market

Among the industry’s key players are Stanley Black & Decker, Inc, Hilti Corporation, Simpson Manufacturing Co., Inc, EJOT Holding GmbH & Co. KG, Misumi Corporation, Ancon Limited, Fosroc Chemicals (India) Private Limited, Unika Co. Ltd, UNIQUE FASTENERS P. LTD , Yuyao City Xintai Hardware Co. Ltd, FIXDEX Fastening Technology, EMC Fasteners and Tools, Ningbo Londex Industrial Co. Ltd, HASM Co. Ltd and others.

background. As per Future Market Insights’ research scope, the construction anchors market report is studied and analyzed in the following segments such as by product type, application, sales channel & regions. The construction anchors market report gives us qualitative and quantitative information about the companies.

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Key Segments Covered in Construction Anchors Industry Analysis

Construction Anchors Market by Product Type:

  • Metal
    • Wedge anchors
    • Undercut anchors
    • Concrete screws
    • Drop-In Anchors
    • Sleeve and Nail Anchors
    • Cast-In Anchors
  • Chemical
    • Injectable adhesive anchors
    • Capsule adhesive anchors
  • Light Duty Anchors
    • (Nylon) Plugs
    • Drywall Plugs
    • Drywall Screws
    • Insulation Anchors
    • Metal Screws

Construction Anchors Market by Application:

  • Building Construction
  • Civil Engineering
  • Construction Installation
  • DIY

Construction Anchors Market by Sales Channel:

  • Direct Sales
  • Distributor Sales
  • Retail Sales
  • Home Centers
  • Online Sales

Construction Anchors Market by Region:

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

About Future Market Insights (FMI)

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

Contact Us :

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

Urea Strippers Market Sustains Steady Ascent, Envisioned to Reach US$ 9,912.32 Million by 2032 at a 2.4% CAGR

The urea strippers market has been on a noteworthy trajectory, starting with a valuation of US$ 7,819.44 million in 2022. Over the forecast period spanning from 2022 to 2032, it is expected to demonstrate a consistent growth pattern, progressing at a rate of 2.4%. This upward journey is anticipated to culminate in a substantial value of US$ 9,912.32 million by 2032.

Several factors contribute to the flourishing urea strippers market. Foremost among them is the widespread utilization of urea strippers as an indispensable component in fertilizer production. Urea stands as a critical element in the formulation of nitrogen-based fertilizers, which play a pivotal role in augmenting crop yields. As the global agricultural sector continually strives to enhance productivity in order to meet the demands of a growing population, the need for urea-based fertilizers, and subsequently, urea strippers, is expected to see a notable increase.

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The urea strippers market is witnessing substantial growth, driven by burgeoning demand in the fertilizer sector, according to a recent report by Future Market Insights (FMI). The market is set for remarkable expansion from 2022 to 2032, fueled not only by its widespread use as a fertilizer but also by its increasing applications beyond fertilization.

With the global population projected to reach 9.9 billion by 2050, a 25% surge from the 2020 figure of 7.8 billion, the demand for food is escalating significantly. To meet this demand, farmers are anticipated to produce approximately 70% more food by 2050, as indicated by the UN Food and Agriculture Organization (FAO). Consequently, the agricultural industry will focus on optimizing land use to maximize output, leading to an increased adoption of urea strippers for enhanced crop yield and production. Given that agriculture is the primary end-use sector for urea strippers, the surge in food demand will directly propel the market’s growth trajectory.

Key Insights from the Urea Strippers Market Analysis:

Expansive Application in Chemical Process Industry: Urea strippers are witnessing escalating demand in the chemical process sector, attributed to their versatile utilization across domains such as agriculture and automotive products.

Sustained Demand Amid Fertilizer Expansion: With fertilizer production poised for continuous expansion, the demand for urea strippers is expected to maintain a steady upward trajectory.

End-Use Industry Influence on Regional Dominance: The escalating utilization of urea across end-use sectors will contribute to the enduring dominance of East Asia and South Asia Pacific within the market.

Localized Market Growth: The growth of the urea strippers market is primarily influenced by localized factors, as regions where they are manufactured and consumed record maximum consumption.

Market Dynamics: Innovations and Strategic Collaborations Driving Competition

Manufacturers are strategically harnessing innovation to optimize profitability, spearheading advancements in the urea strippers market. Key stakeholders, including tier 1 and tier 2 players, command substantial market shares, intensifying competition and prompting a wave of novel developments in the sector. A pivotal shift in focus is evident, as these players actively forge partnerships with diverse enterprises to enhance market visibility. Notably, economies reliant on agriculture wield a formidable influence, solidifying their pivotal role in shaping the market landscape.

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Key Players:

  • Larson & Toubro
  • Saipem S.p.A.
  • Stamicarbon
  • Urea Casale
  • TOYO India
  • ALFA LAVAL
  • NICK
  • Thyssenkrupp
  • FLOWTRONIX
  • Images Heavy Engineering Ltd
  • Kay Iron Works (Jorian) Private Limited
  • FEECO International, Inc
  • Sandvik AB
  • MANGIAROTTI spa
  • Paramount Limited

Key Segments Covered:

Categorized by Material of Construction:

  • Duplex Steel
  • Stainless Steel
  • Zirconium
  • Titanium
  • 25 Cr-22Ni-2Mo
  • 316 L- UG

Categorized by Capacity:

  • Up to 1,000 MTPD
  • 1,000-1,500 MTPD
  • 1,500-3,500 MTPD
  • Above 3,500 MTPD

Categorized by Region:

  • North America: Comprising the USA and Canada
  • Europe: Encompassing Russia, Ukraine, and the broader European region
  • East Asia: Including China, Japan, and other East Asian nations
  • South Asia Pacific: Covering India, ASEAN countries, and the wider South Asian and Pacific area
  • Rest of the World: Encompassing GCC Countries, Africa, and other global regions

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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 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
Website: https://www.futuremarketinsights.com
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Projected Growth in Screw Air End Market: Anticipated 4.5% CAGR from 2022 to 2032, Expected to Attain US$ 6.2 Billion

The Screw Air End Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the screw air end market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for screw air end. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The global screw air end market is poised for a robust year-on-year expansion of 3.4% in 2022, soaring to a remarkable valuation of approximately US$ 4 billion. This surge is attributed to the relentless march of automation trends, with the conspicuous adoption of oil-free screw air compressors emerging as a pivotal catalyst driving sales in this dynamic marketplace. It is forecasted that the demand for screw air end solutions will continue to escalate at an impressive compound annual growth rate (CAGR) of 4.5% between 2022 and 2032.

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Driving Factors Accelerating Market Growth:

  1. Automation Prowess: The inexorable ascent of automation is reshaping industries across the globe. In this era of heightened efficiency and productivity, businesses are increasingly turning to screw air end solutions to meet their compressed air demands. The integration of advanced control systems and digital technologies into screw air end units is unlocking unprecedented operational efficiencies, further propelling market growth.
  2. Oil-Free Advantages: The global sustainability drive and heightened environmental consciousness have paved the way for oil-free screw air compressors to ascend to the forefront of market demand. The elimination of lubricating oils not only reduces maintenance complexities but also ensures a cleaner, eco-friendly compressed air output. As eco-regulations tighten their grip, the adoption of oil-free screw air compressors is poised for an upward trajectory.
  3. Energy Efficiency Imperative: In an era of escalating energy costs and stringent carbon footprint targets, energy-efficient screw air end solutions have emerged as an imperative for businesses seeking operational excellence. With their cutting-edge designs and state-of-the-art technologies, modern screw air end units are minimizing energy consumption, offering substantial cost savings, and aligning seamlessly with sustainability goals.
  4. Expanding Industrial Landscape: The global industrial landscape is undergoing a metamorphosis, marked by a burgeoning manufacturing sector, an upsurge in construction activities, and rapid industrialization in emerging economies. This industrial expansion is generating an insatiable appetite for reliable and high-performance compressed air systems, consequently bolstering the demand for screw air end solutions.

Market Restraints to Navigate:

  1. Cost Implications: While the advantages of screw air end solutions are indisputable, the initial capital investment required for their acquisition and installation can pose a challenge for some businesses. However, it is essential to recognize that the long-term benefits in terms of efficiency, reliability, and reduced operational costs far outweigh the upfront expenses.
  2. Maintenance Complexity: The sophistication of modern screw air end units, especially oil-free variants, can lead to increased maintenance complexities. Businesses must invest in adequate training and maintenance protocols to ensure seamless operation and longevity of these systems.
  3. Market Competition: As the demand for screw air end solutions continues to grow, competition within the market is intensifying. Manufacturers and suppliers must focus on innovation, product differentiation, and robust after-sales support to maintain a competitive edge in this evolving landscape.

Key Takeaways:

  • Oil-free systems with improved accuracy, efficiency, and capacity are in high demand in the compressor market.
  • Cost savings from reduced ancillary equipment are driving sales of these advanced compressors.
  • Consumers are transitioning from conventional equipment to eco-friendly next-generation screw air end compressors due to their ease of installation and low maintenance.
  • Remote sensing technology is playing a significant role in monitoring and regulating compressor performance, contributing to market growth.
  • Screw air end compressors are widely adopted by major manufacturers in various industries, including automotive, pharmaceuticals, food and beverage, and oil and gas.
  • These compressors enable faster mass production of complex goods and equipment, serving as a safe, low-cost, and energy-efficient alternative to electrical power and labor for a range of operations.

Competitive Landscape:

In recent years, there has been a notable increase in acquisition and expansion activities within the screw air end supply chain. Concurrently, manufacturers of screw air ends have been diligently exploring and innovating in the realm of technology. These innovations encompass enhancing resistance to oil blockage in oil-lubricated compressors and transitioning towards electric compressors to align with environmental sustainability goals.

For instance,

Atlas Copco, a renowned industrial equipment manufacturer, has undertaken strategic acquisitions to bolster its market presence. Notably, they have agreed to acquire Geveke B.V. and its affiliated subsidiaries. Geveke specializes in the sale of compressors and the engineering and installation of cutting-edge process pump systems. Additionally, Atlas Copco is set to acquire LEWA GmbH and its subsidiary companies, which hold prominence in manufacturing diaphragm metering pumps, process pumps, and comprehensive metering systems.

Key Players:

  • IHI Rotating Machhinery
  • Anest IWATA
  • Fusheng
  • Eaton Compressor
  • ELGi
  • Howden
  • Rotorcomp Verdichter GmbH

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Global Screw Air End Market by Category

By Capacity:

  • Up to 5HP
  • 5 to 25HP
  • 25 to 50HP
  • 50 to 150HP
  • 150 to 300HP
  • 300 to 500HP

By Technology:

  • Stationary
    • Oil Lubricated
    • Oil-Free
  • Portable
    • Oil Lubricated
    • Oil-Free

By Stage:

  • Single Stage
  • Two-Stage
  • Multi-Stage

By Driver Type:

  • Liquid Driven
  • Gas Driven
  • Electric

By Type:

  • Belt Drive
  • Gear Drive

By End-Use:

  • Oil and Gas Industry
  • Chemical Industry
  • Energy and Transmission
  • Automotive and Aerospace
  • Mining and Minerals
  • Other Manufacturing Industry

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:        

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T: +1-845-579-5705
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Elevating the Extrusion Equipment Market: Projections Point to US$ 8,764.6 Million by 2032 with a 5.3% CAGR

The global extrusion equipment market is on a steadfast ascent, with a projected compound annual growth rate (CAGR) of 5.3% throughout the forecast period. By 2032, it is anticipated to reach an impressive valuation of US$ 8,764.6 million, marking a substantial increase from its 2022 value of US$ 5,243.7 million.

Numerous pivotal factors are propelling the adoption of extrusion equipment across diverse industries. A primary driver is the burgeoning demand for extruded products. Extrusion, known for its versatility in the manufacturing process, is finding applications in a wide spectrum of industries, including food and beverages, plastics, automotive, and construction. Its ability to create intricate shapes and profiles, combined with its efficiency in large-scale production, is catalyzing the rising demand for extrusion equipment.

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Extrusion Equipment Market Dynamics and Trends:

The extrusion equipment market is generally driven by end use industries such as food, consumer goods, pharmaceuticals, refractory materials, etc. where the extruded products are manufactured. Operation on optimal loads and flexibility in design orientation of feedstock materials are being focused by extrusion equipment manufacturers. These are the trends currently prevailing in the extrusion equipment manufacturing segment. This aspect has been regularly acted upon by OEMs via product development programs. The market however, could be restrained only due to lack of growth and expansion in the end use industries in regions such as Europe and U.S.
The extrusion equipment market has business potential in the form of maintenance and service aspects, post initial purchase and installation. Product support and services are provided by OEMs, suppliers as well as distributors. Price, product features, after sales service and sales distribution network are the key defining parameters for a company to sustain its business in the competitive market.

Extrusion Equipment Market: Regional Analysis and Outlook

The OEMs related to extrusion equipment market are mainly based in Asia Pacific particularly in China, U.S. and Europe owing to the end industry development, strong sales and distribution channels and their established technical know-how in end use industries. The Asia Pacific end use market alone is expected to drive a significant growth rate of industrial equipment especially in the field of consumer goods, food products and pharmaceutical industry. In pharmaceutical industry, extrusion is done using nano-porous, polymeric filters with a specific size of narrow-size distribution.
Latin America is also expected to augment the market demand in terms of development in food, pharmaceutical industry as well. The extrusion equipment market would also benefit significantly from the renewable energy sector across the globe with biomass extrudes used as feedstock. The extrusion equipment market is expected to witness a decent growth during the forecast period, 2022-2032.

Extrusion Equipment Market: Market Participants

The competitive landscape for Extrusion Equipment Market is majorly marked by the presence of large players as well as small scale players. Some of the market participants involved in the global Extrusion equipment market are: Milacron, RDN Manufacturing Co., Inc., Coperion GmbH, Conair Group, Toshiba Machine Co., Ltd., HPM, Krauss Maffei and Thermo Fischer Scientific Inc. along with other mid-small scale OEMs and regional enterprises.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

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Key Segments:

By Product Type:

  • Single Screw Extruders
  • Twin Screw Extruders
  • Downstream Equipment

By Load Type:

  • Variable
  • Hydrostatic

By Press Position:

  • Horizontal
  • Vertical

By End User:

  • Plastic Goods
  • Processed Food
  • Pharmaceutical
  • Non-Conventional Energy
  • Construction Materials

By Region:

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

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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

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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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Test and Measurement Equipment Market: Anticipating a Steady 5.6% CAGR Growth from 2022 to 2032, with a Projected Value of US$ 54.9 Billion

The Test and Measurement Equipment Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Test and Measurement Equipment market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Test and Measurement Equipment. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

The Test and Measurement Equipment Market has experienced significant growth in recent times, driven by two key factors. Firstly, the market has been boosted by stringent governmental regulations that necessitate the use of reliable and accurate testing instruments across various industries. Compliance with these regulations has become paramount, leading to a surge in demand for high-quality test and measurement equipment.

The test and measurement equipment market is predicted by Future Market Insights to increase from US$ 30.9 billion in 2021 to US$ 54.9 billion in 2032, with a CAGR of 5.6%.

The demand for test and measurement equipment is boosted by strict governmental regulations and an increase in the need for high-quality maintenance. The COVID-19 outbreak led to an increase in the production of pharmaceuticals and other medical supplies.

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This has led to a rise in the demand for test and measurement equipment in the healthcare and pharmaceutical end-use industries, which has affected the adoption of test and measurement equipment as well as the demand for related products and solutions.

The primary reasons driving the growth of the test and measurement equipment market include an increase in end-user demand for test and measurement equipment solutions, technological innovation, and an increase in demand for electronic gadgets. This is regarded as a fantastic test and measurement equipment strategy.

List of Key Players Covered in Test and Measurement Equipment Market are:

  • Fortive Corporation
  • Rohde & Schwarz GmbH & Co. KG
  • Anritsu Corporation
  • Keysight Technologies
  • Yokogawa Electric Corporation
  • National Instruments Corporation
  • EXFO Inc.
  • Advantest Corporation
  • VIAVI Solutions Inc.
  • Texas Instruments Incorporated

The price sensitivity of test and measurement equipment, on the other hand, is projected to limit test and measurement equipment market growth. During the forecast period, each of these factors is expected to have a significant influence on the test and measurement equipment market.

The introduction of 5G technology and the implementation of LTE & LTE-Advanced (4G) Networks, as well as the rapid penetration of IoT Devices, are expected to give potential possibilities for test and measurement equipment market expansion.

North America has the greatest test and measurement equipment market share due to the presence of multiple significant companies.

Asia-Pacific is predicted to develop at the quickest rate, as governments in these areas implement numerous measures to support innovation and R&D in their respective countries. Given current advancements in connected and driverless vehicles, the automotive industry is likely to capture the test and measurement equipment market share.

The healthcare sector is likely to drive the test and measurement equipment market due to the development of new healthcare equipment, patient-monitoring systems, and personal emergency reporting systems, which are some of the other factors expected to positively influence the test and measurement equipment market trends.

KEY TAKEAWAYS:

  • In the United States, the test and measurement equipment market is estimated to reach US$ 1.3 Billion by 2032, increasing at a CAGR of 10.7% through 2032.
  • The test and measurement equipment market in the United Kingdom is expected to be worth US$ 154.2 million by 2032, with a CAGR of 9.8% through 2032.
  • The test and measurement equipment market’s services segment form the component category is predicted to develop at a CAGR of 10.4% through 2032.
  • Through 2032, Threat Intelligence in the test and measurement equipment market’s application sector will grow at a CAGR of 10.1% through 2032.
  • China’s test and measurement equipment market is expected to reach US$ 275.2 million by 2032, with a CAGR of 10.2% through 2032.
  • The market for test and measurement equipment in Japan is expected to be valued at US$ 221.9 million by 2032, expanding at a 9.2% annual rate through 2032.
  • South Korea is expected to reach a market size of US$ 136.7 million in test and measurement equipment by 2032, with a CAGR of 8.6% through 2032.

COMPETITIVE LANDSCAPE:

Fortive Corporation, Rohde & Schwarz GmbH & Co. KG, Anritsu Corporation, Keysight Technologies, Yokogawa Electric Corporation, National Instruments Corporation, EXFO, Inc., Advantest Corporation, VIAVI Solutions Inc., and Texas Instruments Incorporated are among the major companies profiled in the test and measurement equipment market.

These companies provide test and measurement equipment solutions to meet test and measurement equipment market demands and needs.

To extend their influence in the test and measurement equipment market trends, these vendors have used a variety of organic and inorganic growth tactics.

RECENT DEVELOPMENT:

A couple of recent developments in test and measurement equipment market are as follows:

  • VIAVI Solutions released new fibre test and measurement equipment solutions in March 2021, enhancing the industry’s most comprehensive offering for fiber-optic testing. The company’s new optical power metres, fibre characterization modules, and an enhanced optical time-domain reflectometer (OTDR) solution enable service providers, colocation and hyperscale data centres, enterprises, and contractors to reduce manufacturing costs, improve service quality, minimise downtime, and generate more revenue.
  • Anritsu introduced the TRX Test module, MU887002A, in March 2021, to increase the efficiency of production-line inspections of 5G wireless communication equipment, as well as its space-saving universal wireless test set, MT8872A.
  • As part of its OpreX analyzer lineup for use in water treatment facilities, Yogokawa launched TB820D right-angle scattered light turbidity detectors, FC800D non-reagent type free available chlorine sensor units, RC800D reagent type residual chlorine sensor units, FLXA402T liquid analyzers for turbidity and chlorine, and PG400 pulse generators for clean units in February 2021.

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Key Segments By Services:

  • Calibration Services
  • Repair Service or After-sales Services

By Product Type:

  • General Purpose Test Equipment
  • Mechanical Test Equipment

By Verticals:

  • Healthcare
  • Electronics & Semiconductor
  • IT & Telecommunication
  • Aerospace & Defence
  • Automobile & Transportation
  • Education & Government

By Region:

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

About Future Market Insights (FMI)

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

Contact Us :

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

External Combustion Engine Market: Fueling a Steady Ascent to an US$ 889.0 Million by 2032 with a 3.9% CAGR

The global external combustion engine market is on a trajectory of consistent growth, with a projected Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period. In 2022, the market is poised to achieve an estimated value of approximately US$ 604.3 million, and by 2032, it is forecasted to soar to a substantial valuation of US$ 889.0 million.

The surging demand for external combustion engines can be attributed to their distinctive operational principle. These engines function by compressing an external fuel through a heat exchanger or an engine wall, facilitating combustion. This unique approach to power generation sets them apart from internal combustion engines, rendering them particularly well-suited for specific applications.

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Advancing and Constraint Factors in the External Combustion System Market:

Drivers:

Due to its flexibility in arrangement and ability to use any source of heat, the market for external combustion systems is anticipated to grow over the course of the forecast period. Fuel is burned by the engine outside of the power cylinder, which is anticipated to play a significant role during the forecast period.

Additionally, external combustion engines use heat from sources like solar, geothermal, biomass, or municipal waste. These elements support the market’s expansion during the anticipated period. Additionally, flexibility in an arrangement is possible to further support the external combustion engine over the forecast period due to external combustion.

Aside from that, the market is being driven by the various advantages of external combustion systems, such as continuous external combustion, which lowers emissions and eliminates the exhaust of high-pressure combustion products.

Restraints:

It is expected that the long startup times of external combustion engines will restrain the market’s growth over the forecast period. Furthermore, risk factors like the boiler bursting due to too much steam pressure have compelled the end users to endorse alternative machinery.

During the forecast period, this action is anticipated to restrain the market’s expansion for external combustion engines. Over the course of the forecast period, it is also anticipated that the external combustion engine’s high investment costs and poor efficiency will restrain market expansion.

Analysis of Asia Pacific External Combustion Engine Market:

During the forecast period, the Asia Pacific region will primarily dominate the market for external combustion engines. Due to the region’s rapid industrialization and expanding number of power plants, nations like China, India, and Japan are experiencing rapid economic growth.

Additionally, over the course of the forecast period, the marine industry in the APAC region experienced significant growth, which significantly boosted the market for external combustion engines. Over the course of the forecast period, the APAC region’s external combustion engine market is anticipated to experience strong growth.

Condition of North American & Europe Regions in the External Combustion Engine:

Due to the region’s growing need for external combustion engines for a variety of applications, including pumps, ships, power plants,., North America is a significant market for these engines. Out of all the regions, North America will hold 18% of the market during the forecast period.

On the other hand, the external combustion engine market is also expanding steadily in the Europe region, gaining 22% of the market during the forecast period. The region’s market is being driven by expanding industrialization and major thermal plant construction. Due to the increasing use of external combustion engines in recent years and the UK’s position as a leading nation, the market is growing quickly.

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Key Players Profiled in Report:

  • Stirling Thermal Motors Inc.
  • Deere & Company
  • Sterling Power Systems
  • Aisin Seiki Co. Ltd.
  • Genoastirling S.r.lw
  • Microgen Engine Corporation
  • Sunpower Inc.
  • Saab AB
  • Reliable Steam Engine Co.

Key Segments

By Product Type:

  • Steam Engine
  • Stirling Engine

By Application:

  • Pump
  • Ship
  • Thermal Power Plant
  • Train
  • Nuclear Power Plant

By Region:

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

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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 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
Website: https://www.futuremarketinsights.com
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Surge Arresters Market: Expected CAGR of 3.9% Predicting Potential Revenues Surpassing US$ 2.6 Billion by 2032

The Surge Arrester Market report, unveiled by Future Market Insights—an ESOMAR Certified Market Research and Consulting Firm—presents invaluable insights and meticulous analysis of the Surge Arrester market. Encompassing the research’s scope and essence, this report scrupulously examines the driving factors, market size, and predictive data for Surge Arrester. It furnishes intricate revenue and shipment segmentations, accompanied by a decade-long projection up to 2032. Additionally, the document evaluates key industry players, their market distribution, the competitive scenario, and regional perspectives.

Over the projected timeframe, the Surge Arrester Market is poised to demonstrate notable growth, exhibiting a Compound Annual Growth Rate (CAGR) of 5%, ultimately reaching a market valuation of approximately US$ 2.6 billion by the year 2032. This anticipated growth trajectory can be largely attributed to ongoing advancements within the electrical line infrastructure sector, especially within emerging economies, which are expected to remain a substantial driving force behind the surge arrester market.

Authorities across the globe are facing increasing pressure to allocate substantial investments towards the enhancement of electricity transmission and distribution networks. This call to action is primarily prompted by the surging global demand for electricity, coupled with an escalating emphasis on the expansion of renewable energy capacities. Consequently, as these infrastructure development plans and financial commitments unfold, alongside endeavors aimed at the replacement of aging electrical infrastructure in various nations, the demand for surge arresters is expected to witness a noteworthy upswing.

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Surge arresters find extensive utility in various critical segments, including substations, transmission lines, and assorted components within electrical networks, thereby encompassing a wide spectrum of application areas. Furthermore, a pivotal catalyst propelling market growth is the amplified investments channeled into the expansion and fortification of transmission and distribution (T&D) networks. This expansion and fortification of T&D networks have been discerned to exert a direct and positive influence on the growth trajectory of the surge arrester market.

Notably, the escalating number of electrification projects underway in nations such as China and India, in conjunction with network expansions aimed at accommodating the integration of renewable energy sources in the United States and various European countries, stands poised to further bolster market expansion. These developments collectively underscore the promising outlook for the surge arrester market in the foreseeable future.

The demand for electricity is poised to experience a notable upswing in the foreseeable future. This surge can be primarily attributed to the expanding electrification efforts within the transportation sector and the widespread adoption of electric vehicles.

Furthermore, the increasing need for protective devices aimed at mitigating voltage overload on equipment, stemming from both internal and external factors, is significantly augmenting the sales of surge arresters. This trend is further amplified by the escalating requirement for electricity across industrial, commercial, and residential domains, as well as the burgeoning generation of electricity from renewable sources. These factors collectively contribute to the advancement of global electric infrastructure, consequently driving the demand for surge arresters in the coming years.

Moreover, the surge in government-backed initiatives directed at extending electricity access to rural areas, coupled with a heightened emphasis on safeguarding commercial facilities operating in challenging weather conditions characterized by high occurrences of lightning strikes, is expected to propel the sales of surge arresters within the residential and commercial sectors.

 “Rising adoption of electric vehicles and electric home appliances across the globe, along with growing need to streamline power generation from renewable energy sources will boost the adoption of surge arresters over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • By product type, demand in the polymeric segment is expected to growt at a CAGR of 5.1% over the forecast period.
  • Based voltage type, very high voltage segment is forecast to dominate the market, accounting for about 44.2% of the total market share.
  • In terms of end use, sales in the industrial segment are projected to grow at a 5% CAGR through 2032.
  • By class, the standard segment will hold 33.1% of the total surge arrester market share by 2032.
  • Total sales in the U.S. surge arrester market will reach a valuation of US$ 240 Mn by 2032.
  • The China surge arrester market will offer an absolute opportunity of US$ 0.18 Bn over the assessment period.
  • Surge arrester sales in Germany are forecast to account for 19.7% of the Europe surge arrester market share in 2022.

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Competitive Landscape

Siemens Energy, General Electric (GE), Eaton, Hubbell, Schneider Electric and Mitsubishi Electric are some of the leading manufacturers in the global surge arrester market.

Manufacturers of surge arresters are investing in product development to improve sales in the market. Key players are further investing in software technology to enhance the performance of surge arresters.

Surge Arrester Market By Category

By Product Type:

  • Polymeric
  • Porcelain

By End Use:

  • Utilities
  • Industries
  • Transmission
  • Transportation

By Application:

  • AIS
  • GIS
  • Others

By Voltage:

  • Medium
  • High
  • Very High

By Class:

  • Secondary Class
  • Distribution Class
  • Intermediate Class
  • Station Class

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

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