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The Automotive Refinish Coatings Market size is estimated at US$ 7.7 billion by 2023 and is projected to grow to US$ 12.9 billion by 2023 Sales of Automotive Refinishing Coatings for 2033 are expected to grow at a significant CAGR of 5.1% during the forecast period.

Rise in per capita income of vehicle owners and increasing purchase of luxury cars among middle-income customers will present attractive scope for the growth of the market. Growing sales of luxury cars have resulted in high demand for solutions for the maintenance of their appearance and performance.

This will drive the sales of automotive refinish coatings in the coming years. On the flip side, stringent restrictions imposed on the use and production of certain coatings owing to their high VOC content might hamper the growth of the overall market over the forecast period.

The COVID-19 pandemic also had hampered sales within the automotive refinish coatings industry.  The automotive refinish coatings market will however recover as vehicle production picks up pace in emerging countries post withdrawal of stringent pandemic restrictions.

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Key Takeaways:

• Global automotive refinish coatings market is expected to reach a value of US$ 12.9 Bn by the end of 2033.
• Water based coatings segment is expected to gain more traction compared to solvent based coatings as vehicle owners show higher preference for sustainable solutions.
• Asia Pacific excluding japan is expected to dominate the global automotive refinish coatings market.
• Demand for automotive refinish coatings will total US$ 1.05 Bn in the U.S. in 2021.
• Germany will account for dominant 38% share in the Western Europe market for automotive refinish coatings.

“Increasing vehicle fleet on road coupled with growing willingness among vehicle owners to spend on aftermarket services are propelling the demand for automotive refinish coatings. To capitalize on existing opportunities, market players are expected to focus on strategic collaborations and product launches,” says a FMI analyst.

Competitive Landscape         

Key market participants are focusing on mergers and acquisitions strategies, coupled with on product development by investing in research and development to boost their market presence. They are also increasing their production capacity to enhance their annual turnover.

For instance:

• In 2021, Axalta coatings systems announced the successful completion of acquisition of U-POL Holdings Limited. U-POL Holdings Limited is a leading supplier of Paint, Protective coatings, accessories primarily for the automotive aftermarket.
• In 2021, Axalta Coatings launched its brand new range of coatings specially designed for electric vehicles. The coatings have various advantages such as enhanced performance, durability, safety and various others.
• In 2021, Sherwin Williams announced its strategy to acquire industrial coatings business of Sika.

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Some of the leading players profiled in the report are: –

Axalta Coating Systems, LLC, 3M Company, AkzoNobel N.V., PPG Industries, Inc., The Sherwin-Williams Company, Dow Inc., Nippon Paint Holdings Co., Ltd., Kansai Paint Co., Ltd., Covestro AG, KAPCI Coatings, NOVOL Sp. Z o.o., KCC Corporation, Bernardo Ecenarro S.A, SEM Products, Inc., Sheboygan Paint Company, Cresta Paint Industries Ltd., Alps Coating Sdn. Bhd., NOROO Paint & Coatings Co., Ltd., DSM Coating Resins B.V., WEG SA, The Lubrizol Corporation, Guangzhou Zhenroumei Chemical Coating Limited, HMG Paints Ltd., James Briggs Limited, Reichhold LLC, TOA Performance Coating Corporation CO., Ltd., Yashm Paint & Resin Industries, Allnex Group, Samhwa Paints Industrial Co. Ltd., U.S. Paint Corporation, BASF SE and various others.

Automotive Refinish Coatings Market by Category

By Material Type:

• Polyurethanes
• Acrylics
• Alkyd

By Product Type:

• Primer
• Base Coat
• Top Coat
• Clear Coat

By Technology:

• Solvent Borne
• Water Borne
• UV Cure

By Vehicle Type:

• Passenger Cars
• Commercial Vehicles

By End Use:

• OEM
• Aftermarket

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Coatings and Application Technologies for Robotics Market:  The global coatings and application technologies for robotics market is poised to surpass US$ 1,272 Mn by 2022. The industry is further poised to expand and reach US$ 1,765.1 Mn by 2027.

Wood Coatings Market: Wood coating applications include: interior wood, small furniture, panels, tables, cupboards, chairs, office furniture, kitchen furniture, doors and staircases among others.

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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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According to a recent industry analysis by Future Market Insights, the construction chemicals market is expected to be worth US$ 54.85 billion in 2022. (FMI). Over the projection period, demand is expected to increase at a CAGR of 6.7%.

Major players in the construction chemical industry are focusing on environmentally friendly and sustainable products for cool roof treatments, thermal insulation, overall building protection, polycarboxylate ether-based green admixtures, and underground structure protection.

Demand for construction chemicals is boosted by rising living standards and per capita disposable income. There is probably more residential and non-residential construction to accommodate the growing demand brought on by urbanization. However, government regulations forbid the excessive use of construction chemicals, as VOC emissions prevent the construction chemicals market for these materials from growing.

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In order to emphasize multifunctional properties and significantly support unique materials with a variety of uses, the building chemicals industry is generating a wide range of solutions, such as small changes of conventional materials and the development of new material assemblages.

Applications of construction chemicals are essential for maintenance tasks. The importance of maintaining, repairing, and enhancing existing structures, particularly for residential and infrastructural developments, is what drives demand for construction chemicals.

Numerous government initiatives to promote infrastructure development, together with the rising residential sector, have significantly supported the market expansion in the area over the predicted period.

Key Takeaways 

• The construction chemicals market is likely to have a CAGR of 7% during the forecast period.
• According to the application, the resident segment holds the largest share during the forecast period for the construction chemicals
• North America holds a significant share in the global construction chemicals
• Based on type, concrete admixture accounted for the 36% construction chemicals market share in 2021.
• During the forecast period, Asia Pacific is expected to dominate the construction chemicals market.
• The value of the construction chemicals market is expected to be US$ 104.92 billion by 2032.

Competitive Landscape:

To meet changing consumer demand, manufacturers of construction chemicals prioritize increasing production capacity. Construction chemical market trends are predicted to be influenced by portfolio expansion and divestment plans over the anticipated time period.

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To boost their market share in the construction chemicals industry, the leading companies in this space mostly employ acquisition and growth strategies.

The DOW Chemical Co., RPM International Inc, Ashland Inc., MAPEI, Akzo Nobel NV, Arkema SA, Fosroc, Pidilite Industries, Covestro AG, Henkel AG & Co. KGaA, HB Fuller Company, Lanxess AG, The 3M Company, Wacker Chemie AG, Huntsman Corporation, Momentive Performance Materials, Guangzhou Jointas Chemical Co. Ltd are some major key players in the construction chemicals market.

Construction Chemicals Market Key segments

By Product Type:

• Waterproofing Chemicals
• Protective Coating
• Concrete Admixture
• Adhesives & Sealants
• Asphalt Additives

By Application:

• Residential
• Commercial & Industrial
• Infrastructure

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Recent Developments

• In July 2021, Saint-Gobain and Chryso, a major player in the worldwide construction chemicals market, entered into a purchase agreement. The purchase of Chryso matches Saint-strategic Gobain’s ambition of being the global leader in sustainable construction. With combined sales of more than €3 billion across 66 countries, it further increased the Group’s footprint in the developing construction chemicals sector.
• With the debut of a distinct green product line in the category, JSW Cement, India’s top green cement business, entered the construction chemical market in June 2021. JSW Cement now has new chances to connect innovation in concrete mix products with ethical construction thanks to the Construction Chemical category. The business of the corporation grew as a result of this development.

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Construction Polymer Market: The global construction polymer market will garner a market valuation of US$ 229,076 Mn in 2022 and is predicted to expand at a CAGR of 6.8% and reach a net worth of US$ 298,384 Mn by the end of 2026.

Construction Textile Market:  The market value of the construction textile market is anticipated to reach a high of US$ 4.91 billion by 2032. A historical market valuation of US$ 1.90 billion has been recorded in the analysis conducted by Future Market Insights.

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According to Future Market Insights’ (FMI) recently published report, the global transportation coating market will account for revenues over US$ 12 Bn by 2022-end. The report has projected future of transportation coatings in being important industrial materials for utilisation in the transportation sector for the five year assessment period (2017-2022).

The report also delivers analysis on key regional segments, wherein Asia-Pacific excluding Japan (APEJ) has been anticipated to remain the most lucrative market for transportation coatings over the assessment period.

Over the past decades, engineered particularly for withstanding mechanical as well as thermal stress, high performance coatings have experienced a substantial adoption in transportation sector. These transportation coating have then been integrated into the vehicle production.

The practice of coating surfaces of metal in long haul trailers and trucks with the high-velocity oxygen fuel (HVOF) has been exercised actively in the production of vehicles as well as their components that are used for the purpose of transportation.

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Sales of Solvent-based Coatings to Exhibit Fastest Expansion through 2022

The report has also analysed the global market for transportation coatings based on the types of coatings. Global sales of solvent-based transportation coatings are estimated to bring in nearly US$ 3.5 Bn revenues in 2017. Projected to account for nearly two-fifth share revenue share of the market, solvent-based transportation coatings will exhibit the fastest expansion throughout the assessment period.

Demand for these coatings has been anticipated to rise, owing to their characteristics of being less prone to changes in humidity and temperature. However, high VOC emissions are associated with manufacturing solvent-based transportation coatings that leads to an environment adversity.

This factor has been expected to be a key restraint in adoption of solvent-based transportation coatings. In addition, demand for power coatings is expected to remain steady in the global market for transportation coatings. A robust expansion has been projected for sales of pre-treatment coatings through 2022.

Utilisation of Transportation Coatings from OEMs to Remain a Healthy Practice for Industries in Transportation Business

OEMs are projected to account for approximately half revenue share of the market in 2017, and will further witness a rise in their market share through 2022. OEMs will remain largest end-users of transportation coating. Polymer coatings and epoxies are actively being integrated into the production of vehicle chassis, engine parts, and several other key components.

It will remain a healthy practice for industries in transportation business to utilise transportation coatings through OEMs. The end-use of transportation coatings will continue to register the fastest expansion in the heavy-duty truck industry through 2022.

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Metal Coating Application to Account for Largest Revenue Share of Transportation Coating Market in 2017

On the basis of application, the plastic coating application has been estimated by the report to exhibit highest revenue expansion throughout the assessment period. More than US$ 3.8 Bn worth of transportation coatings are estimated to be sold for application in plastic coatings by 2022-end. In addition, the report projects the metal coating applications to account for the largest revenue share of the market in 2017.

Leading companies of transportation coatings are anticipated to focus on boosting the application of coatings on plastic surfaces. Several players in the market are adopting new techniques of fastening such as elastic bonding. These players are also offering aging resistant adhesives for enhancing performance of transportation coatings.

Players focusing on Procuring High-quality Raw Material Grades for Transportation Coatings

Key companies profiled by FMI’s report on global transportation coating market include Akzo Nobel NV, Axalta Coating Systems Ltd., BASF SE, E.I Du Pont De Nemours and Company, Evonik Industries AG, Henkel AG & Co. KGaA, Nippon Paint Holdings Co. Ltd., PPG Industries, Inc., The Dow Chemical Company, and The Sherwin-Williams Company. The market players are focusing on adoption of key strategies for procuring high-quality raw material grades in manufacturing transportation coatings.

Market Taxonomy

Coating Type :

• Water-based
• Solvent-based
• Powder
• Pre-treatment
• Others

End-user :

• Automotive OEMs
• Heavy Duty Truck Industry
• Bus Manufacturers
• Rail Industry
• Other End-user

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Application :

• Metal Coating
• Plastic Coating
• Carbon Fiber
• Other Substrates

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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The switchgear market is projected to expand at a 5.7% CAGR from an estimated US$ 90.9 Billion in 2022 to US$ 158.24 Billion by 2032. Over the last few years, the switchgear market has grown slowly. Switchgear market expansion is expected to continue as energy demand rises.

China is a global leader in the implementation and development of smart grids. The country has established several smart grids to reduce transmission and distribution losses. China’s state grid announced a US$65 billion investment in ultra-high voltage projects, which is expected to increase demand for high voltage and ultra-high voltage switchgear. Grid modernization and the country’s power requirements are expected to drive growth in China’s market.

The report offers an analysis of the growth trajectory exhibited by the market in 20+ high-growth countries. It offers detailed insights into factors that will be driving growth over the coming decade.

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As T&D utility sector is estimated to witness a healthy growth rate in the forecast period. According to the report, T&D utilities are expected to account for nearly 46% of switchgear sold in 2021. Besides this, the demand is expected to surge in commercial, industrial, and residential sectors enabling growth in the market.

The demand for switchgear was moderate in 2020 however with it had to experience a brief period of lackluster growth on account of the unprecedented COVID-19 outbreak. Supply chain disruptions witnessed by end-use sectors such as T&D utilities, commercial, industrial and residential had restrained growth to an extent. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive.

Key Takeaways

• After a period of negative growth, the market will show impressive improvement, registering above 6% y-o-y growth in 2021
• The U.S. is expected to account for over 60% of sales in North America
• After a period of negative growth, the U.K. will exhibit above 6% y-o-y growth in 2021, emerging as a strong market for switchgear
• Expansion of the energy and utility sector will enable growth in Germany and France
• Government initiatives are expected to support growth in Japan and South Korea

“Increase in demand for advancement in the switchgear and advent of the smart grid is expected to give impetus to switch gears. The use of the voltage fluctuator is very common in the heavy as well as commercial sectors. It is used in the transmission and distribution of energy to consumers and for running machinery. The need for energy is increasing day by day, which has been aiding the overall expansion of the switchgear market. ” says an FMI analyst.

The switchgear market is likely to grow at a moderate pace from 2021-to 2031. However, as it is a matured market, companies are expected to concentrate on research and development activities and capitalize on opportunities, especially in the field of T&D Utilities. Their key focus will however remain on meeting the requirements of consumers. Collaboration with local players and the development of new technology in the form of smart grids and advanced switchgear are key strategies adopted by the market players.

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Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These companies are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are ABB Ltd., Siemens AG, Schneider Electric, Havells India Pvt. Ltd., Hyundai Electric and Energy System, Fuji Electric, Powell Industries, etc.

Valuable Insights into Switchgear Market

FMI’s report on the switchgear market is segmented into six major sections – component (power distributor switch breaker, switch disconnector, MCCB, HRC fuse, earth switch, and MCB), voltage (low voltage, medium voltage, high voltage, extra-high voltage, ultra-high voltage), construction type (outdoor, indoor, and others), insulation type (air-insulated, gas-insulated, oil insulated, and vacuum insulated), end-use (T&D utilities, commercial, residential, industrial, and commercial), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the retail automation.

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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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The global graphite market is anticipated to reach a value of US$ 43,357.6 Mn by 2032, with the market expanding at a positive CAGR of 6.5% during the forecast period of 2022 and 2032. Valued at US$ 21,609.2 Mn in 2021, the graphite market will likely reach an estimated US$ 23,097.7 Mn in 2022.

The escalating application of graphite in various end-use industries like batteries, foundry facing, lubricants & crucible, refractories and others drive the graphite market to grow over this period of observation. The advantages of using graphite such as good thermal and electrical conductivity, lubricity, chemical resistance, and others propel the adoption of graphite in various industries.

One of the primary market drivers of graphite is the expanding electric vehicles sector. Graphite is used in the production of anodes that are needed in batteries, particularly of electric vehicles. Also, rising concerns for the environment coupled with increasing awareness about pollution and such foster growth for the electric and hybrid electric vehicles.

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Hence, the advancing electric vehicles sector will fuel the sales of the graphite market during this period of observation. The refractory industry, too, is predicted to promote the market expansion of graphite. Graphite is used in this industry for creating goods in high-temperature conditions like linings for kilns, incinerators, and furnaces. This is expected to bode well for the graphite market through the forecast period.

In addition to this, escalating demand for solar panels all over the world along with an increase in the need for Li-ion batteries in electric vehicles will further propel the target market. Usage of graphite in solar panels lessens the cost and optimizes the efficiency.

In the automotive sector, the high thermal resistance, chemical inertness, and the porous nature of graphite makes it the most preferred material for the production of anode in Li-ion batteries. All of these factors promote an environment of growth for the graphite market over the projected period.

“Expanding electric vehicle sector along with an elevated demand for solar panels are expected to fuel the graphite market over the forecast period,” says an FMI analyst. 

Key Takeaways:

• Huge demand in various end-use industries to present lucrative opportunities.
• Expensive graphite purification process can dampen the market growth.
• In 2022, the U.S. graphite market is expected to hold about 13.2% of the revenue share.
• China is predicted to account for 70% of graphite consumption in East Asia in 2022.
• In terms of application, the refractories segment is predicted to dominate the market.
• High demand for electric vehicles boost the sales of synthetic graphite lubricants.

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Competitive Landscape 

Showa Denko K.K., Toyo Tanso Co., Ltd., SGL Carbon SE, Tokai Carbon Co., Ltd, Graphite India Limited, Nippon Carbon Co., Ltd., HEG Limited, SEC Carbon, Limited, Imerys S.A., GrafTech International Ltd., Mersen Group, Fangda Carbon New Material Co., Ltd., Dongguan Kaijin New Energy Technology Co., Ltd., Pingdingshan Oriental Carbon Co., Ltd., Advanced Biopolymers AS, Mahtani Chitosan Pvt. Ltd Vardhman Acrylics Ltd., and others are some of the major players in the graphite market profiled in the full version of the report.

Leading market players are keen on entering and expanding their businesses in emerging economies. Other players are concentrating on the integration of advanced manufacturing technology to produce high-purity graphite to comply with the escalating demand.

Graphite Market Outlook by Category

By Product Type:

• Natural Graphite
  • Flake
  • Amorphous
  • Vein
• Synthetic Graphite
  • Graphite Electrode
  • Carbon Fiber
  • Graphite Blocks
  • Graphite Powder
  • Others

By Application:

• Refractories
• Lubricants & Crucible
• Foundry Facing
• Batteries
• Others

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Mineral Adsorbent Market: Mineral adsorbents have been finding important applications in the inhibition of mycotoxins in animal feeds. Mycotoxins are poisonous metabolites produced by numerous fungi species.

Castor Oil Derivatives Market: The global castor oil derivatives market was worth US$ 1,220.4 Million in 2021 and is expected to be worth US$ 1,630.7 Million by 2032, growing at a CAGR of 3% over the forecast period.

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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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The market for domestic booster pumps worldwide, which is currently valued at US$ 2.68 billion, is anticipated to grow at a CAGR of 7.1% from 2022 to 2030, reaching US$ 4.63 billion.

In 2020, domestic booster pump sales made up 28% of the market for booster pumps worldwide. Over the next few years, it is anticipated that rising urbanisation in China and India’s emerging economies will significantly increase demand for domestic water booster pump systems.

Future Market Insights (FMI) anticipates the global power generator for military market to surge at a moderate CAGR of 3.4% during the assessment period 2020-2030. The steadily surging demand for better access to power sources along with a portable generator from military agencies is poised to support growth foreseen in the market.

“The COVID-19 outbreak has crippled the power sector of some prominent economic powerhouses and is likely to witness an improbable slump in investment, liquidity crunch and other devastating challenges,” says an analyst at FMI. 

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Power Generator for Military Market – Key Takeaways

• Based on capacity, the up to 60 KW category accounts for the prominent market share due to the fuel efficiency and compact design of these generators.
• In terms of output, the AC generator holds close to 3/4th overall market share.
• Diesel fuel type holds a prominent market share as they are more suitable and reliable across multiple applications.
• Based on installation type, mobile and portable generators gain prominence among others as they are more compatible with several military operations.
• Based on application, Camps/accommodation and hospitals stay prominent in the market over the assessment period.

Power Generator for Military – Key Trends

• Surging demand for distributed power in key government organizations such as the military is a major growth-promoting aspect for the global market.
• Power generator installments are the favored method for enhancing energy-security performance, environment, and economy thus catalyzing the market growth.
• As troops deployments are rising overseas, together with the requirement for several modern warfare equipments, governments are investing in fortifying their defense systems by investing in robust power generation equipment in the approaching years.
• Driven by the need to reduce carbon footprint, demand for hybrid generators will increase generating a lucrative growth prospect.

Power Generator for Military – Regional Analysis 

• North America will remain the most lucrative region for power generators for the military due to escalating military spending.
• Europe will witness steady growth and will remain one of the extremely lucrative markets over the forecast period.
• The Asia Pacific market will record the fastest growth at the leading space as growing demand from nations such as China, Japan, and India will bolster expansion prospects in the region.

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Power Generator for Military – Competitive Landscape

Market players operating in the market are incessantly striving to provide advanced power generation systems with low operational cost and high output. Players are anticipated to focus more on the production of hybrid generators in addition to product launches, expanding product lines, and increasing market impressions. Mergers & acquisitions make key strategic moves implemented by the players to attain a competitive advantage. For instance

Cummins Inc. initiated the HSK78G natural gas generator series which offers innovative gas technologies and scope of advanced capabilities.

Leading players identified in the global power generator for the military market are Caterpillar Inc., Cummins Inc., Rolls-Royce Holdings plc, Harrington Generators International, HIMOINSA, Teknel SRL, VÝVOJ Martin, GRUPEL S.A., HITZINGER GmbH, Ascot Industrial S.r.l., Fischer Panda GmbH, GREEN POWER SYSTEMS S.r.l., Kirloskar Oil Engines Ltd., Kohler Co., and Ausonia S.r.l.

Power Generator for Military – Taxonomy

Capacity

• Upto 60 KW
• 61 to 250 KW
• 251 to 500 KW
• 501 to 1000 KW
• Above 1000 KW

Output Type

• AC
• DC

Fuel Type

• Diesel
• Natural Gas

Installation Type

• Stationery
• Mobile and Portable

Application

• Communication System
• Air Defence System
• Field Hospitals
• Field Camps/Accommodation
• Lighting
• Military Vehicles
• Others

Region:

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

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Get Valuable Insights into the Power Generator for Military Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power generator for military market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power generator for military market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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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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An increase in innovation for water treatment systems to generate minimal wastewater for the industrial sector is a key factor boosting the market for water treatment systems. As the worldwide population is expected to reach around 9.7 billion by 2050, it has become increasingly important to yield more with fewer resources.

The water treatment device market is predicted to grow at a CAGR of 6.8% by 2030. As an example, remote sensing of water allows for non-sales water remediation, water accounting, net of things (IoT) that allows water excellent management, and smart irrigation. Coupled with new computing capacity, it enables marketplace gamers to plot complex fashions for water management.

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Technology and innovation are gambling an important position in protection and shortage, software operations, water efficiency, tracking and remedy, and statistics analytics. Market gamers are seeing a greater hobby by way of companies and utilities to test and implement destiny-evidence technology.

Key Takeaways of Water Treatment System Market Study

• Worldwide adoption of water treatment systems to surge at 6.8% CAGR over 2022-2030
• Preliminary treatment systems to procure leading revenue share, tantamount to 40%
• Application in process water/water treatment to remain prominent through 2030
• Industrial sector to attract substantial investments from stakeholders
• East Asia to emerge as epicenter of value-capture opportunities in coming years

Water treatment systems have been considered a reliable and essential aspect of societies and a key contribution to public health during the global pandemic. Utilities’ initial response to the pandemic by optimizing disinfection doses has been the key step in the protection and avoidance of both utility workers and the receiving water ecosystem and minimizes the potential contagion of the coronavirus. Several companies are stepping up existing water treatment facilities in hard-hit areas that possibly contract COVID-19 infection from places including, community clinics, hospitals, and nursing homes.

“Preserving and reusing wastewater has not been among key priorities for businesses, or individuals. That being said, rising ecological consciousness and increasing regulatory pressure to lower the consumption of natural resources are influencing several industrial businesses to look for innovative ways to use – and reuse – water,” says analyst at FMI.

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Water Treatment System Market by Category

By System Type, the Water Treatment System Market is segmented as:

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

• Sludge Treatment
  • Activated Sludge
  • Sludge Thickening & Dewatering
  • Sludge Drying

By Application, the Water Treatment System Market is segmented as:

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

By End Use, the Water Treatment System Market is segmented as:

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

By Region, the Water Treatment System Market is segmented as:

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

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Water Treatment System Market – Competitive Intelligence

The global water treatment system market is substantially consolidated, with leading players capturing a bigger slice of overall market revenue. Manufacturers are highly focused on devising innovative business models to strengthen their market position. They are investing significantly in R&D activities and innovative designs with better capacities. For instance,

• Arvind Ltd. has rolled out water elements and O & M services, Kaigo, wherein components and spare verticals incorporate technologies and products used in the development and maintenance of effective wastewater treatment systems
• Aquarelle has developed a 4-stage countertop water filter that wards off almost 99% of all heavy metals, toxic pathogens, chemicals, and pesticides from potable water
• Pentair plc has taken over US-based water treatment equipment firms – Pelican Water Systems and Aquion – in September 2022

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The submersible pumps market is expected to record a year-on-year increase of 4.6% in 2021, with the overall valuation totalling US$ 8.80 Bn in 2021. As per a recent estimation of FMI, sales of submersible pumps are expected to increase at a 5.1% CAGR between 2021 and 2031.

According to the study, the overall submersible pumps market valuation is forecast to top US$14.45 Bn by 2031. Borewell submersible pumps will remain highly sought-after. Meanwhile, the sales of open well submersible pumps will increase at a steady pace, exhibiting growth at a 5.7% CAGR between 2021 and 2031.

Base Year Value (2020A) US$8.42 Bn Estimated Year Value (2021E) US$8.80 Bn Projected Year Value (2031F) US$14.45 Bn Value CAGR (2021-2031) 5.1% Collective Value Share: Top 3 Countries (2021E) 33.5%

In the last few years, water stress has been a leading concern across the world, which has, in turn, fuelled the demand for new water sources to fulfil the industrial as well domestic water needs. Wastewater treatment is becoming more popular around the world as means to relieve water scarcity, which is also driving the global submersible pumps markets.

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Sales of submersible pumps were however dampened due to the outbreak of the COVID-19 pandemic. Disruptions in the supply chain and suspended production activities in the oil and gas sector resulted in stagnated demand for submersible pumps.

Submersible pumps manufacturers are focusing on launching cost-effective and high-efficiency products to improve sales. Governments of emerging economies in Africa and Asia, particularly in countries such as India, China and South Africa, are increasing efforts to improve access to drinking water in rural as well as urban areas, which in turn is benefiting the market.

“Initiatives undertaken by governments for wastewater management and encouraging the use of technologically-driven equipment in the agricultural sector are expected to spur the demand for submersible pumps,” said Future Market Insights analyst.

Key Takeaways:

By product type, borewell submersible pumps are expected to account for half of the global market in terms of revenue by the end of the forecast period. By head type, above 100 m pumps are expected to gain popularity over the forecast period owing to increasing demand for water distribution applications. By Application, demand from the municipal sector is anticipated to grow at 5.5% CAGR over the forecast period. East Asia has the leading share in terms of volume. However, Europe is projected to account for the highest value share. Industrialization in the emerging economies of Asia will increase the demand for submersible pumps over the forecast period. China and Japan will continue spearheading growth in East Asia.

Competitive Landscape

Some of the key submersible pumps manufacturers include

Kubota Corporation, Wacke Neuson Group,  Atlas Copco, ABKSB SE & Co. KGaA, Xylem Inc.,Ebara Corporation, Grundfos, Sulzer AG, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd. Kriloskar Brothers Ltd., Flowserve Corporation.

The global submersible pumps market is fairly fragmented owing to the presence of several players across the globe. Moreover, the leading share in the market is accounted for by unorganized players which are estimated to be at around 50%-55%. Key market players are focusing on research and development to expand their product portfolio. Besides this, they are actively investing in mergers, acquisitions, and strategic collaborations to expand their global footprint.

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About Us
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,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com