Head and Neck Cancer Therapeutics Market is expected to garner a value of US$ 5.19 Billion, with a CAGR of 12.6%

The global Head and Neck Cancer (HNC) Therapeutics market sales is expected to be worth US$ 5.19 billion by 2033, with a compound annual growth rate (CAGR) of 12.6% from 2023 to 2033. Developments in the detection and treatment of head and neck cancer (HNC) are projected to drive market growth because they are less expensive and easier to implement than procedures. The expanding senior population, as well as the increased prevalence of various forms of HNCs, are significant market drivers.

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Furthermore, an increase in R&D activities involving the development of novel therapeutic objectives and multimodal therapeutic strategies is expected to improve the survival rate of people with head and neck cancers. As the number of persons diagnosed with head and neck cancers rises, so does the global demand for novel cancer treatments. In recent years, there has been a dramatic increase in the number of instances of head and neck cancer. Each year, over 550,000 cases of head and neck cancer are detected, with over 300,000 people dying as a result of these diseases, according to a World Health Organisation (WHO) report.

North America will be the market leader in 2021. Among the significant variables impacting regional market expansion are government assistance for medical sector improvement, advantageous reimbursement policies, enhanced disease awareness, expanded R&D initiatives, and easy access to high-quality healthcare facilities.

Key Takeaways from the Market Study

  • North America dominated the market in 2021, accounting for more than 45% of total sales.
  • Head and neck cancer accounts for around 4% of all malignancies in the United States.
  • China is a significant source of head and neck cancer, accounting for around 10% of all systemic malignant tumours each year.
  • Retail and specialty pharmacies will dominate the sector in 2021, accounting for 58% of total sales.
  • The global market for Head and Neck Cancer (HNC) Treatments is expected to be worth US$ 5.19 billion by 2033.

“The rapidly expanding pharmaceutical sector and rising penetration of online stores are the major factors expected to drive market growth during the forecast period. Furthermore, numerous development approaches such as collaborations, product launches, and adaptation of cutting-edge technologies have a positive impact on the market and drive overall growth” says FMI analyst.

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Key Market Players

Key players in the head and neck cancer (HNC) therapeutics market are Eli Lilly and Company, Sanofi, Merck & Co., Inc., Clinigen Group plc., Bristol-Myers Squibb Company, AstraZeneca, Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd, Hoffmann-La Roche Ltd., Coherus BioSciences.

  • Sanofi spent USD 1 billion to acquire Amunix Pharmaceuticals, Inc. in December 2021. This acquisition expands the company’s cancer product range and offers tremendous growth possibilities.
  • The US Food and Drug Administration (FDA) approved KEYTRUDA, Merck’s anti-PD-1 treatment, in combination with chemotherapy, with or without bevacizumab, in October 2021. Merck & Co., Inc.’s Keytruda is administered intravenously as an infusion to patients with head and neck cancer.

More Insights Available

North America dominates the head and neck cancer diagnostics market due to the high prevalence of the disease and the availability of advanced diagnostic technologies. The United States accounts for the largest share in the region, followed by Canada. The region is also home to many key players in the market, making it highly competitive.

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Key Segments Profiled in the Head and Neck Cancer (HNC) Therapeutics Market Industry Survey 

By Therapy Type:

  • Chemotherapy
  • Immunotherapy
  • Targeted Therapy

By Route of Administration:

  • Injectable
  • Oral
  • By Channel

Retail & Specialty Pharmacies:

  • Hospital Pharmacies
  • Online Pharmacies

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Extruders and Compounding Machines Market is anticipated to touch a value of nearly US$ 18.21 Billion in the year 2027

A recent publication titled “Extruders and Compounding Machines Market: Global Industry Analysis and Opportunity Assessment (2022 to 2027)” reveals several market acumen with respect to key trends, developments, key players, drivers and restraints across key regions in the globe. Future projections on this market have been chalked to assess the growth path of the market. An in-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of five years has been drawn that can support the reader in slating future moves.

Global Extruders and Compounding Machines Market: Forecast Highlights

The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2022 to 2027. The global extruders and compounding machines market was valued at around US$ 14.47 Billion in 2022 and is estimated to reach a valuation of more than US$ 18.21 Billion by the end of the year of assessment (2027).

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Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market.

Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

Global view of the market in a nutshell

Global extruders and compounding machines market research report focuses on several trends, drivers, restraints and opportunities across important regions in the globe. This provides a global view of the market covering all key areas thus putting forth an all-inclusive market picture in front of the reader. This research report is expected to support the reader to get an in-depth market understanding and assess various regions with optimum potential in order to slate informed decisions, devise strategies and execute them to achieve an edge over the competition. Also, the research report excludes biasness giving a more realistic angle to the market insights and statistics.

Global Extruders and Compounding Machines Market: Key Segmental Outlook

The global extruders and compounding machines market is segmented on the basis of product type, application, end use industry and region. By product type, the adoption of twin screw is expected to dramatically rise in the coming years. This makes the twin screw segment highly attractive and it is projected to grow at the fastest rate to reach a high valuation by the end of the forecast period

In the application category, Speciality plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the master batch production segment is projected to grow at a significant pace in the coming years

By end use industry, plastics industry segment and food and beverage segment have largely contributed to the growth of the global extruders and compounding machines market. Plastics industry segment leads the way

In the region category, Asia Pacific excluding Japan (APEJ) is anticipated to radiate high market attractiveness. The extruders and compounding machines market in APEJ region is the largest with a significant market valuation and is projected to expand at a high value CAGR of 5.7% throughout the period of forecast

Global Extruders and Compounding Machines Market: Competitive Landscape

The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines. Key companies such as

  • Toshiba Machine Co., Ltd.,
  • The Japan Steel Works Ltd.,
  • Coperion GmbH,
  • Battenfeld-Cincinnati,
  • NFM Welding Engineers, Inc.,
  • Clextral S.A.S.,
  • KraussMaffei Berstorff GmbH,
  • Leistritz AG,
  • Davis-Standard, LLC,
  • Theysohn Extrusionstechnik GmbH,
  • Everplast Machinery Co., Ltd.,
  • Breyer GmbH,
  • Rajoo Engineers Limited,
  • Gneuss Kunststofftechnik GmbH,
  • Cheng-Hua Machinery Co., Ltd.,
  • Kabra Extrusion Technik Ltd., and
  • SML Machine gesellschaftmbH are covered in this research study.

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How is Expansion of Food Industry Affecting Sales of Extruders and Compounding Machines?

Apart from demand in the plastic industry, the food sector has presented potential opportunities for growth of the global extruders and compounding machines market. Rising disposable income and changing life standard of consumers have triggered the growth of food industry during the last few years.

Food manufacturers are utilizing modern processing machines such as extruders and compounding pharming to increase their productivity, reduce costs while maintaining high hygiene standards in the industry. The rising disposable income of consumers has triggered a growth within food production over recent years which is set for further expansion with advancements like these emerging on an increasing number of markets around world

Extruders and Compounding Machines Market by Category

By Product Type:

  • Single Screw
  • Twin Screw
  • Ram Extruders

By Application:

  • Speciality Plastics
  • PVC Cable
  • Master Batch Production
  • Flooring Sheet
  • Others

By End Use Industry:

  • Food Industry
  • Chemical Industry
  • Plastic Industry
  • Medical/Pharmaceutical
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East & Africa (MEA)
  • Japan

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HID Ballast Market Future Scenarios, Growth and Analytical Insights 2027

The global HID ballast market is expected to decline gradually over the period of 10 years between 2022 and 2027. This market is expected to register a growth rate of -9.8% during the forecasted period. In a bid to sustain revenue growth, key market players are laying emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players.

One of the significant reasons behind the declining growth of the market is increasing replacement of HID with new energy efficient LED luminaries. Global sales of HID ballasts is estimated to be valued at US$ 6.8 Billion in 2022 and this is projected to drop down to US$ 3.6 Billion by 2027.

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Global HID Ballast Market: Key Regional Takeaways

  • Increasing government investments for the replacement of conventional lighting with energy efficient lighting systems is expected to provide traction in the North America HID ballast market during the forecast period
  • Growing adoption and subsequent sales of energy efficient lighting systems for enhanced outdoor brightness in areas such as stadiums and parking spaces is expected to create an opportunity for electronic ballasts over the forecast period
  • Rising replacements of tunnel lighting and street lighting as well as a growing trend for decorative lighting is estimated to propel the Latin America HID ballast market throughout the forecast period
  • Regional manufacturers are focussing on increasing the illumination efficiency of car headlights. This may influence the application of HID ballast in the automotive sector during the forecast period

Global HID Ballast Market: Forecast by Sales Channel

The sales channel segment comprises offline and online segments. Offline sales has been a prominent channel for most of the market players due to the fact that they gain direct access to the customer to portray their offerings. It offers high chances of negotiations and also helps build better business relations. On the other hand growing internet infrastructure is likely to create significant opportunities for market players aiming to capitalise on lucrative opportunities in the untapped markets of several developing nations.

Global HID Ballast Market: Forecast by Product Type

On the basis of product type, global HID ballast market is segmented into electromagnetic ballast and electronic ballast. Electromagnetic ballast technology improves the performance of lighting systems owing to its higher efficiency, optimal lumen maintenance as well as enhanced colour control over magnetic HID Ballast. The electromagnetic ballast segment is estimated to be valued at US$ 1,038.5 Mn in 2022 and this is anticipated to reach US$ 287.1 Mn by the end of 2027. Due to limited usability and subsequently decreasing sales in the global market, the electromagnetic ballast segment is expected to shrink rapidly over the forecast period.

Global HID Ballast Market: Forecast by Application

On the basis of application, the global HID ballast market is segmented into automotive, residential, commercial, industrial, and outdoors. Automotive components manufacturers, mainly headlights and headlamps manufacturers, are focussing on the manufacturing of energy efficient lamps such as HID lamps and LED lamps to enhance the vision of the driver. The automotive application segment was pegged at 64,510 (‘000 Units) in 2021 and is expected to reach 28,327 (‘000 Units) by 2027 end while expanding at a CAGR of -7.5% over the forecast period.

Global HID Ballast Market: Forecast by Region

The key regions of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are covered in this report. Growing construction infrastructure, a rapidly expanding commercial sector and rising demand for outdoor and parking lighting are providing high traction for the HID ballast market in APEJ.

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Global HID Ballast Market: Competitive Landscape

Some of the key leaders operating in the global HID ballast market are Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc. Villa Industrias, S.A. de C.V., Eaton Corporation

Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, GUANGZHOU FUCHW INDUSTRIAL CO., LTD., Lighting and Power Technologies, LLC, and Advanced Lighting Technologies, Inc.

Key Segments of HID Ballast Industry Survey

HID Ballast Market by Product Type:

  • Electromagnetic HID Ballasts
  • Electronic HID Ballasts

HID Ballast Market by Application:

  • HID Ballasts for Automotive
  • HID Ballasts for Residential
  • HID Ballasts for Commercial
  • HID Ballasts for Industrial
  • HID Ballasts for Outdoors

HID Ballast Market by Sales channel:

  • Online Sales of HID Ballasts
  • Offline Sales of HID Ballasts

HID Ballast Market by Region:

  • North America HID Ballast Market
  • Latin America HID Ballast Market
  • Europe HID Ballast Market
  • East Asia HID Ballast Market
  • South Asia & Pacific HID Ballast Market
  • Middle East & Africa (MEA) HID Ballast Market

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Gaskets and Seals Market is expected to reach US$ 154.7 billion by 2033 with a CAGR 6%

According to FMI’s analysis, the Gaskets and Seals Market will grow at a CAGR of 6% during the forecast period. The industry’s value is expected to rise from US$ 86.6 billion in 2023 to US$ 154.7 billion by the end of 2033.

The demand curve for gaskets and seals is expected to rise steadily in the coming years. This is due to the stringent standards and specifications mandated by governments to eliminate the risk of hazardous material leakage. Additionally, gaskets and seals are used by manufacturers of automotive, machinery, electrical, and electronics to improve the performance efficiency of their industrial processes. These products are used to reduce the likelihood of unexpected downtime and to regulate emissions.

Strict emission norms in the automotive industry are one of the key factors that are propelling the demand for gaskets and seals. In the industrial sector, the demand for advanced power transmission seals is projected to witness an increased uptake. This can be credited to the remarkable reduction of power diversion that can be realized with the help of advanced seals. These seals are engineered with special materials and revolutionary designs that offer excellent performance under extreme conditions.

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Key Takeaways from the Gaskets and Seals Market: 

  • China is predicted to bag the largest market share in the course of the next 10 years. The revenue generation of the gaskets and sales market in China is estimated to stand at US$ 44.2 billion by 2033. The market is expected to trail at the fastest CAGR of 7.1% in the meantime.
  • The U.S. is expected to follow behind China and is assessed to witness sales of US$ 20.8 billion by 2033. The region is predicted to witness a CAGR of 3.9% over the forecast period. The growth in the country can be attributed to the growing demand for superior sealing solutions from multiple industries. The use of sealing materials helps safeguard the final products from any kind of contamination.
  • UK is a significant market for seals and gaskets in the European continent. The United Kingdom gaskets and seals market is anticipated to attainUS$ 3.4 billion by 2033, expanding at a CAGR of 4.4%. Extensive use of seals in the oil and gas industry in the country is propelling market growth.
  • The demand for seals is projected to be high over the next decade. The segment is projected to grow at a CAGR of 4.8% over the forecast period. The application of seals is wide-ranging, constituting rockets, automobiles, industrial plant equipment, ships, and consumer devices. Therefore, the surging production of automobiles and electronics is projected to drive the sales of seals.

News Featuring Market Developments by Companies Providing Gaskets and Seals:

  • In August 2022, Erith Group, a Dubai-based leading distributor of high-end and high-quality sealing products, announced an investment of Dh4 million in an industrial gasket and seal manufacturing factory in UAE. This is in line with UAE’s ‘Make it in the Emirates’ program to attract investments so as to reduce the country’s reliance on imported products.
  • In April 2020, Trelleborg AB announced the launch of the Next Generation Fire Seal, which finds application in the aerospace and automotive industry. With this launch, the company is projected to amplify its revenue generation.

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Gaskets and Seals Market Survey by Category

By Product Type:

  • Gasket
    • Jacketed
    • Solid
    • Spiral Wound
    • Kammprofile
  • Seal
    • Static
    • Dynamic

By Material Type:

  • Metallic
  • Non-Metallic
    • Elastomeric
    • Others

By End-use:

  • Automotive
  • Aerospace
  • Machinery
  • Electrical and Electronics
  • Marine and Rail
  • Others

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • The Middle East & Africa (MEA)
  • Japan

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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.

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Heat Recovery Steam Generator Market Comprehensive Research Study and Strong Growth in Future 2031

The market for Heat Recovery Steam Generator with heat recovery will surpass US$ 1.1 billion in 2021. The demand for energy-efficient power generation solutions and rising investments in enhancing power plant efficiency are identified as the main growth drivers.

These factors are expected to cause the market to expand at a steady CAGR of 5.7 percent, with the U.K., the U.S., Germany, and Japan emerging as major producers.

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is anticipated to reach US 1.1 Billion in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a 5.7% CAGR through 2031.

In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forthcoming years.

Further, sophisticated customization and innovative product solutions offered by OEM’s and heat recovery steam generator players will continue providing tailwinds to sales.

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As per FMI’s regional analysis, the U.K. is anticipated to lead the European heat recovery generator market. Stringent regulations regarding carbon emissions in the European Union, coupled with increasing adoption of renewable energy sources will enhance growth prospects through 2031.

“Increasing investments in the power generation sector to improve efficiency, coupled with inorganic growth strategies adopted by OEMs for better market reach will continue augmenting growth in the forthcoming years,” says the FMI analyst.

Key Takeaways:

  • Fully assembled heat recovery steam generators will remain the most preferred type of design.
  • In terms of configuration, horizontal drums will account for maximum sales.
  • Based on output power, 0-60 MW segment is poised to experience high demand.
  • Combined heat and power plants will dominate the application segment.
  • The U.S. is anticipated to witness high demand for heat recovery steam generators, owing to increasing energy production and need for sustainable methods. The North American market is poised to grow at a 4.4% CAGR.
  • The U.K. will continue leading the European heat recovery steam generator market, expanding at a 4.6% CAGR.
  • Demand for heat recovery steam generators will continue rising in China, due to rising adoption of combined cycle plants.
  • India will emerge as a lucrative market, owing to government-backed initiatives promoting renewable energy production.
  • Japan and South Korea will collectively account for 5% of the total market share.

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Competitive Landscape

Cleaver-Brooks, Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmače, a.s., and Xizi United Holdings Limited are some players operating in the heat recovery steam generator market profiled by FMI.

Top 5 players in the market include General Electric, Siemens AG, CMI Group, John Wood Group plc, and Mitsubishi Hitachi Power Systems Ltd., accounting for 75.5% of the total market share.

Leading players, as a part of their growth strategies, are focusing on strategic collaborations, mergers, and acquisitions to expand their global footprint and improve their product portfolios. For instance:

  • In August 2021, Siemens Energy and state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based, including a 100-200 MW pilot electrolyzer facility for the clean energy industry.
  • In August 2021, Mitsubishi Power’s Philippines unit secured a three-year term service agreement to maintain boilers of the Davao coal plant of Aboitiz Power Corp. The agreement is intended to maintain reliable energy access in Mindanao.

Heat Recovery Steam Generator Market by Category

By Design Type: 

  • Modular Construction
  • C-Section Construction
  • Bundle Construction
  • Fully Assembled

By Configuration Type:

  • Horizontal Drum Units
  • Vertical Drum Units
  • Horizontal-Once Through Units

By Output Power Type:

  • 0-60 MW
  • 60-100 MW
  • 100 MW & Above

By Application Type:

  • Co-generation (Process Heating)
  • Combined Cycle
  • Combined Heat & Power (CHP)

By Region, Heat Recovery Steam Generator Market is segmented as: 

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)

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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.

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Medium Voltage Transformer Market Size To Reach US$ 16.1 million By 2032 | New Opportunities Planning By Future Market Insights

Future Market Insights has published a new market research report on the medium voltage transformer market that contains global industry analysis during 2022 to 2028 and opportunity assessment during 2022 to 2028. The report covers the latest trends, key success factors, market influencing factors, key information, forecasting factors, macroeconomics factors, and past market scenario. The report analyzes the medium voltage transformer market and provides critical insights for the forecast period of 2022 to 2028. The global medium voltage transformer market size is estimated to reach ~US$ 11.7 Billion in 2022, and expand at a CAGR of ~4.6% during the projected period of 2019-2028.

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As per the key findings of the report, the global medium voltage transformer market is expected to witness considerable growth in upcoming years, due to the steady increase in adoption of smart grids, increasing urbanization, rapid growth in power generation, and increasing government investments for electrification.

Increasing Government Investments for Electrification Expected to Drive the Market Growth

Government of various countries have planned to increase their funding for various projects related to electrification, such as railway electrification, transmission and distribution, and urbanization, among others. For instance, governments in countries such as Brazil and Mexico are planning to invest in electrification. These projects support the state electric boards (SEBs) in order to provide better power supply to rural and urban areas of the region or country. In addition, the government of India is also planning to make huge investments in numerous projects, such as Revised Accelerated Power Development and Reform Program and Rajiv Gandhi Grameen Vidyutikaran Yojna, among others, for establishing new power grids so as to provide electricity in the rural areas of the country.

Also, the government is focusing on installing new transmission lines and transformers in order to create a national grid, which will interconnect all the five regions of India — Northern, Southern, Eastern, Western, and North Easter

n. This national grid is known as ‘Transmission Super Highways’. Thus, growing infrastructure and electrification in various regions is set to increase the demand for medium voltage transformers.

Increasing Urbanization and Industrialization Estimated to Create High Sales Opportunity

Rural electrification projects, new power plants, as well as transmission and distribution facilities are some of the new developments that are being introduced in various countries in Middle East & Africa to increase urbanization and industrialization. Electrification projects are growing at a faster rate in countries, such as the United Arab Emirates, Qatar, Turkey, etc. Additionally, for the proper execution of these projects, medium voltage transformers are required for almost all applications. Thus, growing urbanization and industrialization will drive the medium voltage transformer market growth in the MEA region.

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Medium Voltage Transformer Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global medium voltage transformer market. Few examples of key players in themedium voltage transformer market are Siemens AG, ABB Group, General Electric Company, Fuji Electric Co., Ltd., Hitachi, Ltd., Schneider Electric SE, Eaton Corporation PLC, Mitsubishi Electric Corporation, Jinpen International USA Ltd., CG Power & Industrial Solutions Ltd., Fortune Electric Co., Ltd., Schaffner Holding AG, Hammond Power Solutions Inc., Kirloskar Electric Company, and MGM Transformer Company, Amran Inc., among others.

For instance, medium voltage transformer manufacturers are focusing on providing compact size and environmental-friendly medium voltage transformers. The compact size can better manage moisture and thermal stress, and their average life span is higher. Eco-friendly transformers promise lower load loss as compared to other conventional transformers. Therefore, the rising demand for lighter, smaller and eco-friendly medium voltage transformers is likely to shape the future of the medium voltage transformers market.

Key Segments of Medium Voltage Transformer Industry Survey

Medium Voltage Transformer Market by Rating:

  • 1,200 kVA Medium Voltage Transformers
  • 1,500 kVA Medium Voltage Transformers
  • 2,000 kVA Medium Voltage Transformers
  • 2,500 kVA Medium Voltage Transformers

Medium Voltage Transformer Market by Product:

  • Dry Medium Voltage Transformers
  • Oil-immersed Medium Voltage Transformers
  • VPI Medium Voltage Transformers

Medium Voltage Transformer Market by Configuration:

  • Single-phase Medium Voltage Transformers
  • Three-phase Medium Voltage Transformers

Medium Voltage Transformer Market by Application:

  • Building Establishments
  • Residential
  • Commercial
  • Civil Infrastructure
  • Industrial
  • IT – Data & Server Centers

Medium Voltage Transformer Market by Region:

  • North America Medium Voltage Transformer Market
  • Latin America Medium Voltage Transformer Market
  • Europe Medium Voltage Transformer Market
  • East Asia Medium Voltage Transformer Market
  • South Asia & Pacific Medium Voltage Transformer Market
  • Middle East & Africa (MEA) Medium Voltage Transformer Market

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Lamella Clarifier Market is anticipated to touch a value of nearly US$ 806.7 Million in the year 2032

The market for lamella clarifiers was worth approximately US$ 489.2 million in 2021, and it is anticipated to grow at a CAGR of 4.7% from 2022 to 2032. By 2032, the market is anticipated to be worth US$ 806.7 million.

The global lamella clarifier market is expected to grow at a CAGR of 4.1% during the forecast period. The report also suggests that there is a strong focus on research and development activities to introduce a new range of lamella clarifiers while maintaining the quality and efficiency of the product.

A lamella clarifier is a type of settler designed to remove particulates from liquids. It is often used in primary water treatment in place of conventional settling tanks. The working principle of a Lamella Clarifier is based on the settling under the gravity, which provides a series of inclined plates to give a large projected surface area with comparatively smaller footprint than other types of clarifiers (circular and rectangular). Lamella Clarifiers find application in various end-use industries such as paper and pulp, food and beverage etc.

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Global Lamella Clarifier Market: Dynamics

A lot of factors are responsible for influencing the growth of the global lamella clarifier market. One of the major factors contributing to the growth of market is a rapid industrialisation and urbanisation across the globe that have helped the market improve in a lot of ways including technologically. Also the increase in the number of industries all over the world have helped fuel the application of lamella clarifiers, in turn helping the global lamella clarifier market to witness steady growth.

However the market is expected to face certain restraints as the increase in the number of industries is likely to magnify the competition levels in the global market and therefore, may narrow the profit margin of the companies. There is also an increase in demand for used clarifiers, which has limited the demand for new lamella clarifiers and this can restrict the revenue growth of the global lamella clarifier market.

Global Lamella Clarifier Market: Segmental Highlights

To give the research a holistic view, the global lamella clarifier market is segmented on the basis of application and region. On the basis of application the segments include industrial segment and municipal segment. On the basis of region, North America, Latin America, APEJ, Western Europe, Eastern Europe, MEA, Japan are studied in this report.

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Here are some key highlights from the analysis of these segments:

Among the application segments, industrial segment is expected to lead the market with a market value of over US$ 260 Mn in 2017. This includes the chemical and fertilizer segment as the maximum contributing sub-segment with a market share of over US$ 52 Mn in 2017.

Among the regions, Asia Pacific excluding Japan is expected to hold the maximum value in the global market of over US$ 130 Mn in 2017, growing at a CAGR of 3.9% during the forecast period. However in terms of CAGR, North America dominates the global market with a CAGR of 4.8% during the forecast period.

Global Lamella Clarifier Market: Competitive Dynamics

The research report by FMI, also consists of a section on the competitive scenario of the global market, which highlights the complete profiles of the leading companies in the market. Some of the top companies mentioned in the report are Metso Corporation, Westech Engineering Inc., Ion Exchange (India) Ltd, ENEXIO Germany GmbH, Aes Arabia Ltd, Parkson Corporation, Nordic Water Products AB, Jorsun etc.

Key Segments Covered in Lamella Clarifier Industry Analysis

By Application:

  • Industrial
    • Paper and Pulp Industry
    • Food and Beverage Industry
    • Oil and Gas Industry
    • Chemical and Fertilizer
    • Mining and Metals
    • Power Industry
    • Others
  • Municipal

By Region:

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

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India Electrical Testing Services Market is expected to be worth US$ 296.02 million by 2032

Between 2022 and 2032, the global India Electrical Testing Services Market is expected to be worth US$ 192.45 million, growing at a CAGR of 4.4%. The electrical testing service market is expected to be worth US$ 296.02 million by 2032.

Modern industry has been able to adopt a wide range of machines with fully automated operations due to the widespread availability of dependable and affordable electrical power. While increased automation of these systems aids in the reduction of maintenance costs, regular electrical testing ensures that all systems are in good working order.

Due to the economic impact of COVID-19, the demand for electrical testing services declined in 2020. Nevertheless, as economies get back on track, it will lead to recovery of operations across various industries. In turn the demand for electrical testing services will grow.

Electrical testing services are a sort of evaluation that entails a complete inspection, scrutiny, and diagnosis of critical heavy duty electrical equipment to ensure its operational performance and lifespan. Transformers, rectifiers, circuit breakers, electrical cables, transmission lines, batteries, and so on are examples of electrical equipment.

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Electrical service technological improvements have resulted in increased complexity in maintenance work and services. As a result, the need for electrical testing services designed to supplement complicated industrial networks is expected to increase in the future years.

Key Takeaways of North America Electrical Testing Services Market Study

  • In terms of service type, the demand for transformer testing and circuit breaker testing will remain considerably high through the forecast period.
  • The U.S. will emerge as a highly lucrative market, accounting for maximum demand for electrical testing services in North America.
  • Industrialization in China, will support expansion of the electrical testing services market in Asia Pacific.
  • Favorable government policies and expansion of power generation stations will continue supporting growth in India.

“Surge in the demand for more efficient electrical devices and electrical machinery in various sectors will present attractive scope for sales of electrical testing services. In order to gain competitive strength, the market players are expected to focus on expanding their footprint in emerging markets” says a FMI analyst.

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Competitive Landscape

The market is moderately consolidated, with key players accounting for more than half of the market share. These players are likely provide long-term service guarantee with annually maintaining contract. Some of the key players in the market are Schneider Electric, Siemens AG, Eaton Corporation plc, General Electric Company, ABB Inc., RESA Power LLC, Voltech Engineers Pvt. Ltd., DNV GL, Dobel Engineering Company, Power Products & Solutions, American Electrical Testing, Haugland Group LLC, Dekra, TCS Electrical Co., Phase One Electric, Intran, GEM Electrical Services and Electric Power Systems.

Global Electrical Testing Services Market Projection

Electrical Testing Services market is likely to grow at a moderate pace during 2021-2031. As the market have competition intensity due to the offered service rate and durability of service from recognized service team. Due to the new technological evolvement in the testing equipment it makes easier for service/testing person to do it more efficiently. The companies are providing AMC for their products only due to compatibility of the parts/material used.

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India Electrical Testing Services Market by Category

By Service Type:

  • Transformer Testing
  • Circuit Breaker Testing
  • Protection Testing
  • Battery Testing

By End User:

  • Power Generation Stations
  • Transmission and Distribution Stations
  • Steel Plants
  • Major Refineries
  • Railways

By Region:

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

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Oil and Gas Terminal Automation Market is expected to grow at a 7.8% CAGR between 2022 and 2032, reaching approximately US$ 2761.6 Million by 2032.

In 2021, the global Oil and Gas Terminal Automation Market was valued at US$ 1258.0 million, with a forecasted increase to US$ 1303.1 million in 2022. Because of the rapid expansion of the oil and gas industry, global demand for oil and gas terminal automation is expected to grow at a 7.8% CAGR between 2022 and 2032, reaching a value of around US$ 2761.6 million by 2032.

As the number of terminal operations grows around the world, end users are looking for ways to increase productivity and efficiency while still meeting consumer demands. This has increased public awareness of the oil and gas terminal automation market.

The utilisation of technology and systems is required for the automation of oil and gas terminal procedures, particularly those involving load authorisation, product movement, product measurement, documentation, and reporting. These solutions help firms cut expenses while improving productivity, efficiency, and safety.

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During the forecast period, the oil & gas terminal automation market is anticipated to experience strong growth due to the rising demand for energy around the world and rising investments in terminal automation solutions.

Growing concerns pertaining to cyber security and safety coupled with relatively higher initial capital investment associated with building a completely automated oil and gas terminal are likely to serve as impediments to growth of the global oil and gas terminal automation market between 2016 and 2026.

Segmentation highlights

The global oil and gas terminal automation market has been categorically divided into key market segments based on category and region. On the basis of category, the market has been segmented into software, hardware, and services segments. These in turn are divided into key sub-segments.

  • The Software category segment is projected to dominate the global oil and gas terminal automation market during the forecast period, accounting for a market share of nearly 38% in terms of value by the end of 2026. On the other hand, the hardware segment is estimated to witness a 7.0% CAGR during the forecast period to account for a market share of 33.7% in the overall oil and gas terminal automation market by 2026 end. Within the hardware segment, the HMI segment is likely to witness fast growth during 2016 –-2026.

Regional projections

The North America and Asia Pacific excluding Japan (APEJ) markets are anticipated to emerge the dominant regional markets in the global oil and gas terminal automation market throughout the assessed period. Asia Pacific is estimated to project 8.8% CAGR in the forecast period, 2016–2026. The oil and gas terminal automation market in countries in Eastern Europe is also likely to witness steady growth in the next 10 years.

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Vendor insights

The global oil and gas terminal automation market is dominated by a few top market companies such as Honeywell International Inc., Emerson Electric Co., ABB Group, Rockwell Automation, Inc., Yokogawa Electric Corporation, Siemens AG, FMC Technologies, Inc., and Schneider Electric SE. Certain key market companies are increasingly focussing on acquiring smaller players with specialised offerings – for instance, wireless technology-based advanced systems – to better cater to the steadily growing global market demands so as to gain an edge over the competition.

Key Trends Driving the Oil & Gas Terminal Automation Market

“Rising Focus Towards Storage of Oil Creating Opportunities for the Market Participants”

Relatively slower economic growth especially in oil-consuming nations such as China, and the crude oil supply glut experienced over the recent past have driven the global average crude oil prices southwards over the same period. The initial phase of the forecast period is thus expected to be characterized by a contango situation resulting in an increased emphasis on the storage of oil across the globe. This will continue to generate lucrative opportunities for oil & gas terminal automation solution providers.

Moreover, increasing demand for natural gas, especially liquefied natural gas is expected to result in the emergence of several new terminals in North America and the Asia Pacific, among other regions

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Key Segments Covered in Oil & Gas Terminal Automation Industry Analysis

By Hardware:

  • ATG
  • Blending Controllers
  • SCADA
  • PLC
  • DCS
  • HMI
  • Safety; Security & Others

By Software:

  • Terminal & Inventory Management
  • Business System Integration
  • Transaction Management
  • Reporting
  • Others

By Services:

  • Commissioning
  • Consulting Services
  • Project Management
  • Operations Services
  • Training Services

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.

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India Power Tool Market is expected to reach valuation of US$ 5672.60 million by 2022, growing at an 8.9% CAGR from 2022 to 2032.

The global India Power Tool Market is expected to be worth US$ 5672.60 Million by 2022, growing at an 8.9% CAGR between 2022 and 2032. By 2032, the India power tool market is expected to be worth US$ 13306.41 Million.

Power tools are in high demand because of their wide range of applications, practicality, and effectiveness in a variety of fields, and especially because of the time and effort they save and the portability they provide.

The power tools in India Compared to household power tools, the demand for industrial power tools is anticipated to rise in the industrial sector. By the end of 2016, the household power tool segment is expected to represent 44.2% of the market’s value, compared to the industrial power tool segment’s projected revenue contribution of over 55.8%.

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The Indian power tool market is projected to generate INR 3,532.8 crore in revenue by the end of 2016, an increase of 6.7% from the previous year. Because of growing industrialization and widespread access to a wide range of power tools, the power tool market in India will grow. The South and North Indian markets are expected to dominate the Indian market.

Professional power tools will keep growing in popularity, and as tools switch from nickel-cadmium to lithium-ion power, new business opportunities will arise for the nation’s power tool manufacturers.

Low operational costs and ease of use will drive the electric power tools segment, which is expected to dominate the India power tools market until the end of 2016. Pneumatics and other segments are expected to contribute more than 46 percent of the value share to the India power tools market in 2016.

Because of the concentration of a large number of industries, the markets in South and West India have the highest penetration of power tools. South and North India markets are expected to grow significantly in terms of revenue, while East and North India markets are expected to grow moderately.

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Competitive Landscape

The report includes market share analysis of the existing international, China-based and domestic players in the market. The report also profiles both global and domestic players in the India power tools market.

Global Players in the market include Atlas Copco AB, Snap-on International, Techtronic Industries Co. Ltd., Danaher Corporation, Actuant Corporation and SKF AB. Regional players in the market include Stanley Black & Decker, Hitachi Koki Co. Ltd., Makita Corporation, Robert Bosch GmbH and Kulkarni Power Tools.

Long-term Outlook:

India power tools market is anticipated to register a healthy CAGR of 9.5% in terms of volume and 8.9% in terms of value over the forecast period, 2016–2026. Electric power tools market is estimated to account for 56.6% in terms of revenue share by end of 2026.

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Key Segments

By End-use:

  • Industrial Power Tools
  • Household Power Tools

By Mode of Operation:

  • Electric
  • Pneumatic
  • Others

By Country:

  • North India
  • South India
  • East India
  • West India

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.

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