Home Brew Boiler Market Will Pass US$ 1,668.7 Million by 2033 |FMI

According to Future Market Insights, the global home brew boiler market size is expected to be valued at US$ 986.2 Million in 2023. Furthermore, overall home brew boiler sales are slated to rise at 5.4% CAGR between 2023 and 2033, totalling a market valuation of US$ 1,668.7 Million by 2033.

Growing popularity of home brewing globally coupled with increasing consumption of beer due to its numerous health benefits is a key factor driving demand for home brew boilers in the market.

Home brewing is a process of making beer, wine, or other alcoholic drinks at home. For this process, several home beer brewing machines are employed and one such equipment is home brew boiler.

Home brew boilers are essential equipment that provides the heat necessary to produce beer and other alcoholic beverages at home. They make home brewing process quick and efficient, thereby allowing users to improve overall productivity. Besides this, they help with sterilization and sanitation as well.

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Home brew boilers are being increasingly used to make small or large batches of beer across households. However, they can also be used for other purposes such as brewing tea or coffee.

Rising popularity of home beer brewing and increasing demand for craft and draught beer worldwide are expected to boost the global home brew boiler market during the forecast period.

Home brewers are increasingly looking for ways to improve the quality of their products. This has led to a demand for better quality home brew boilers. As a result, leading home brew boiler manufacturers are continuously innovating to introduce new home brewing equipment. This will aid in the expansion of the global home brew boiler market during the forecast period.

Key Takeaways:

  • By technology, electric home brew boiler system segment dominates the global market.
  • Based on capacity, the 1 gallon kit segment holds the largest share of the worldwide home brew boiler industry.
  • Germany currently holds around 23.8% share in the global market for home brew boilers.
  • The U.S. accounts for 34.6% market share of the global home brew boiler market.
  • The U.K. home brew boiler market is expected to grow at a CAGR of 6.5% during the forecast period.
  • Home brew boiler demand in China is expected to increase at 6.2% CAGR between 2023 and 2033. China
  • India’s home brew boiler market is likely to grow at 5.9% CAGR between 2023 and 2033.

“Rising popularity of home brewing across the world is a major force behind the expansion of the global home brew boiler industry and the trend is likely to continue during the forecast period,” says a lead FMI analyst.

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Who is Winning?

Leading home brew boilers manufacturers are Bosch, Box Brew Kits, Craft a Brew, Northern Brewers, and Shandong Zunhuang Brewing Equipment Co. Ltd. New product launches with enhanced features, establishment of new facilities, partnerships, and acquisitions are some of the few strategies employed by market participants to gain a competitive edge in the global home brew boiler market.

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Future Market Insights, in its new offering, provides an unbiased analysis of Home Brew Boiler presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.

The study provides valuable insight on the Home Brew Boiler market based on technology (electric system and gas fired system), application (wine, beer, and others), capacity (1 gallon kit, 1-10 gallon kit, and above 10 gallon kit).

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Home Brew Boiler Industry by Category

By Technology:

  • Electric System
  • Gas Fired System

By Application:

  • Wine
  • Beer
  • Others
    • Cider
    • Kombucha

By Capacity:

  • 1 Gallon Kit
  • 1-10 Gallon Kit
  • Above 10 Gallon Kit

By Region:

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

About 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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Trencher Attachments Market to Reach US$ 619.6 Million during Forecast 2022 to 2032: Analysis of Key Trends, Drivers, and Challenges

The global trencher attachments market is expected to develop at a CAGR of 4.1% from 2022 to 2032, reaching a valuation of more than US$ 619.6 Million by 2032.

Trenchers can be more efficient, putting less strain on the machine operator. Growing environmental concerns are causing key players to prioritise the development of environmentally friendly gear.

Trenchers with rubber tracks can provide great traction in rocky, muddy, or slippery terrain with limited topographical variation. Trenchers can also reduce turf damage and increase the stability of self-leveling tracks by equally spreading their weight.

Trencher attachments aid in plumbing, drainage, and irrigation, among other activities. Choosing the suitable trencher attachment speeds up and simplifies the process for the aforementioned applications. Trencher attachments are primarily designed to meet a variety of purposes by incorporating new features and types.

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Key Takeaways: Trencher Attachments Market

  • By product type, the tractor-mount trencher segment is expected to grow at a CAGR of 7% from 2022 to 2032.
  • By operating type, the ride-on trencher segment is estimated to hold the highest share of over 97% in 2022.
  • By application, agriculture & landscaping and oil & gas pipeline construction segments together are projected to generate a market share of more than 45% in 2022.
  • By 2032, North America is anticipated to hold the largest trencher attachments market share of more than 34%.
  • From 2022 to 2032, the U.S. is projected to create an absolute dollar opportunity of more than US$ 59 Million.

“Trencher attachments are gaining immense popularity globally in the construction sector as a result of rising need to spend less time and effort on various building tasks. They are extensively used to set up and maintain subterranean infrastructure for utilities, including phone lines, water mains, and gas mains,”says a Future Market Insights analyst.

Competitive Landscape: Trencher Attachments Market

Innovative products are being introduced by leading manufacturers, who are increasing their product lineups. Several businesses are concentrating on organic growth tactics like product launches, product approvals, patents, and events.

These strategies have paved the way for market participants to grow their clientele and businesses. With rising demand for trenchers on the international market, attractive growth opportunities are anticipated for key participants in the trencher attachments sector.

Some of the key trencher attachments manufacturers included in the report are Tesmec S.p.A, Vermeer Corporation, Kubota Corp., Doosan Bobcat, Deere & Co., Lowe Manufacturing Company Ltd., AFT Trenchers Ltd., Barth Hollanddrain, Erskine Attachments LLC, and Wolfe Heavy Equipment Inc. among others.

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The research report analyses the market demand trend for trencher attachments. The global market is based on macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the trencher attachments market report is studied and analyzed in the following segments such as by product type, operating type, application, and regions. The trencher attachments market report gives us qualitative and quantitative information about the companies.

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Trencher Attachments Market Outlook by Category

By Product Type:

  • Wheel Trencher
  • Chain Trencher
  • Micro Trencher
  • Tractor-Mount Trencher
  • Portable Trencher

By Operating Type:

  • Ride-On
  • Stand Behind

By Application:

  • Agriculture & Landscaping
  • Oil and Gas Pipeline Construction
  • Energy and Electricity Cables Network
  • Telecommunication Network
  • Water and Wastewater Pipeline Construction
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & 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
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Truck Mounted Cranes Market is Expected to Reach a High Valuation of US$ 3,769.7 Million during Forecast 2022 to 2032 | Future Market Insights, Inc.

The global truck mounted cranes market is anticipated to be worth US$ 3,769.7 million by 2032. Between 2022 and 2032, it is predicted to expand at a CAGR of 4.5%. Stiff boom models account for more than 67% of the worldwide truck mounted cranes market.

According to the International Monetary Fund, global economic growth would expand by 3.6% in 2023, offering tremendous opportunities for the infrastructure industry to develop around the globe. As construction activity rises and financial conditions improve in numerous nations, the market is likely to expand. The mining and construction sectors’ rise is likely to enhance the market even further.

Furthermore, the global expansion of the oil and gas, utilities, commercial, automotive, and mining industries is likely to fuel the market. These cranes make up almost 4.7% of the parent market. Their increased deployment in infrastructure building activities, as well as the electricity and telecommunications industries, is primarily responsible for their growth.

Crane sales are likely to increase further as they are increasingly used in the material loading, shipbuilding, and manufacturing industries. These cranes’ high load bearing capability and shifting designs are expected to suit the needs of a wide range of industries, including telecoms work sites and complex industrial processes.

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Truck mount cranes can be hydraulic, mechanical, or electrical having load capacities ranging between 2.5 to 16 tons. Additionally, the truck mount crane has an extending boom, auxiliary devices, a hook, and supplementary support while lifting which increases its stability, landing leg, rotatory table, and rack. The increasing economical and infrastructural growth all across the globe has boosted the demands of instruments for construction this is playing a significant role in the expansion of the truck mount crane market all across the globe.

Regional Outlook:

Significant growth in the infrastructure, economy and industrialization in the MEA, North America, and European countries has boosted the sale of truck mount cranes in this region. Being safe, reliable, and productive the Truck Mounted Crane market is forecasted to grow in all the above regions. Moreover, there is the growth of urbanization in all the developed countries which includes the USA, Europe, and Japan, this is estimated to accelerate the Truck Mounted Crane market over the forecast period.

In the Asia-Pacific region, countries like China and India have increased the use of Truck Mounted Crane due to the inclination of consumers towards more productive, user-friendly, and efficient technology. The never-ending demand for constructional infrastructure by various end-use industries is also expected to drive the global Truck Mounted Crane market over the forecasted period. Based on all the above-mentioned factors, the Truck Mounted Crane market is forecasted to grow with a prominent CAGR over the forecast period.

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Key Players

Key players in the global market of Truck Mounted Crane are:

  • Shanghai Guanhai Heavy Industry Science & Technology Co., Ltd
  • Chowgule and Company Pvt. Ltd.
  • Amma Engineering Pvt. Ltd
  • Cherokee Truck Equipment, LLC.
  • Lift and Shift Equipment
  • HYVA Global B.V.
  • Jomac
  • Stellar Industries
  • Sinomach Heavy Industry Corporation
  • Manitex International.
  • Mech-Tech Industries
  • Kissan Engineering
  • Palfinger Cranes India Pvt. Ltd.
  • PM Group S.p.A.
  • Liftmoore, Inc.

Truck mount trucks are mainly used for power distribution as well as construction purposes. With the growing expansion of the power and distribution network demand for truck-mounted cranes is also increasing in the global market. Truck mount cranes make the task easy by saving human time and energy and allowing the completion of tasks efficiently and effectively, this makes them more reliable for the customers and this is propelling the growth of the market of truck mount globally.

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 categories such as market segments, geographies, type of product, and applications.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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Truck Mounted Cranes Market Outlook by Category

By Product Type:

  • Stiff Boom
  • Knuckle Boom

By Drive:

  • Electrical
  • Mechanical
  • Hydraulic

By Lifting Capacity:

  • Below 15 Ton
  • 15 to 30 Ton
  • 30 to 50 Ton
  • Above 50 Ton

By End Use:

  • Industrial
  • Commercial
  • Infrastructure
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & 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
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Asphalt Mixing Plants Market is Expected to Grow at a CAGR of 2.4% from 2022 to 2032 | Get Customized Reports

During the forecast period, the worldwide asphalt mixing plants market is expected to generate US$ 8.5 billion while rising at a CAGR of 2.4%. The market is expected to be worth US$ 6.5 billion in 2021 and US$ 6.66 billion in 2022. Increased road construction operations, together with expanding infrastructural development in countries, are expected to drive industry growth.

Increasing asphalt production throughout the world is a key element driving market demand. Countries such as India, Vietnam, and the Philippines will invest extensively in road building and improvements in the future decades in order to improve their rankings.

Over the past few years, tremendous growth in urban centers was witnessed as people moved from the countryside to cities to live and work. Increased disposable incomes will drive up private vehicle ownership, placing greater demands on roads and eventually augmenting road construction projects, particularly in China and India. Portable product type to gain the majority share owing to the increasing necessity for cost-effective and easily transportable construction equipment.

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Key Takeaways:

  • By Product type, the portable product segment of the Asphalt Mixing Plants segment expanded at a ~2% CAGR
  • Based on Application, the road construction segment of Asphalt Mixing Plants is estimated to record an ~2% CAGR
  • APAC region is likely to account for the majority share of nearly 3% during the forecast period
  • Europe region is estimated to gain significant traction in the market for Asphalt Mixing Plants, Germany is likely to hold the majority share.

Constructers have been investing a lot of time and money in fostering new asphalt plant solutions to cater to important industry requirements, thus in turn, to fuel the market growth of asphalt mixing plants”.

Competitive Landscape

Key players in the global Asphalt Mixing Plants market include Speco Limited, Nikko Co. Ltd., Ammann Group Holding AG, GP Gunter Papenburg AG, Lintec & Linnhoff Germany GmbH., among others. Recent key developments among players are:

  • In Aug 2022, Construction Partners, Inc. ROAD (the Company), a vertically integrated civil infrastructure company specializing in the construction and maintenance of roadways across five southeastern states, announced the acquisition of Southern Asphalt, Inc., headquartered in Conway, South Carolina. As a result of the acquisition, the Company added two hot-mix asphalt plants and more than 200 employees in the Myrtle Beach, South Carolina metro area.
  • In Aug 2021, Berkshire Engineering Supplies (BES) and R&G Cooper (RGC) joined forces to create Bulldog Plant & Equipment Ltd, which is said to be the only business of its kind in Britain and is set to become the number one provider of large-scale production plants in the construction materials, engineering, and energy sectors.
  • In March 2022, Astec Industriesagreed to acquire MINDS Automation Group (MINDS). The firm is a leader in plant automation control systems and cloud-based data management in the asphalt industry.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the Global Asphalt Mixing Plants market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on Asphalt Mixing Plants Market by Process (Batch, Continuous) by Product (Portable, Stationary) by Application (Road Construction, Others) by Capacity (Below 50T/H, 50-150T/H, 151-300T/H, Above 300T/H) & Region (North America, Europe, East Asia, South Asia, Oceania and Middle East & Africa, and Latin America)

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Key Segments Covered In The Asphalt Mixing Plants Industry Analysis

Asphalt Mixing Plants Market by Process:

  • Asphalt Mixing in Batches
  • Continuous Asphalt Mixing

Asphalt Mixing Plants Market by Product:

  • Portable Asphalt Mixing Plants
  • Stationary Asphalt Mixing Plants

Asphalt Mixing Plants Market by Application:

  • Asphalt Mixing Plants for Road Construction
  • Others

Asphalt Mixing Plants Market by Capacity:

  • Below 50T/H Asphalt Mixing Plants
  • 50-150T/H Asphalt Mixing Plants
  • 151-300T/H Asphalt Mixing Plants
  • Above 300T/H Asphalt Mixing Plants

Asphalt Mixing Plants Market by Region:

  • North America Asphalt Mixing Plants Market
  • Latin America Asphalt Mixing Plants Market
  • Europe Asphalt Mixing Plants Market
  • East Asia Asphalt Mixing Plants Market
  • South Asia Asphalt Mixing Plants Market
  • Oceania Asphalt Mixing Plants Market
  • Middle East & Africa Asphalt Mixing Plants Market

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
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CHP Market is Projected to Grow at a Strong 6.4% CAGR during Forecast 2022 to 2032, FMI Study

By 2022, the global CHP market is estimated to increase at a 6.4% CAGR to US$ 2,091.6 million. During the projected period of 2022 to 2032, the market is expected to exceed a market value of US$ 3,876.5 million.

Government laws limiting greenhouse gas emissions, as well as the advent of innovative technologies such as absorption chillers, which effectively convert heat into cooling, are projected to drive the market for combined cooling, heat and power (CHP) facilities over the forecast period. The CHP market increased at a CAGR of 5.5 percent between 2016 and 2021.

The use of heat from a combined heat and power plant to produce cooling energy for a refrigerator and air conditioner is known as trigeneration. It is the most cost-effective and environmentally friendly method of producing heat, cooling, and electricity, making it the best choice for businesses that need a lot of cooling.

A chiller, heat exchanger, gas engine, and electricity generator make up a combined cooling, heat, and power plant. Greater efficiency, or the ability to produce different types of energy from a single fuel source, such as electrical energy, heat energy, and cooling energy, is another of CCHP’s key advantages.

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CHP Market Competition

Some of the major players in the market are

  • GETEC heat & power AG
  • Peter Brotherhood Ltd.
  • Clarke Energy
  • Siemens
  • ABB
  • AGO AG Energie + Anlagen
  • MAN Diesel & Turbo SE
  • M-Trigen
  • O’Hair Shutter Ltd
  • Grastim Energia
  • Biomass Power
  • International Coil Ltd.

Manufacturers and distribution channels are currently engaging in a number of strategic partnerships and collaborations in the CHP market.

  • To demonstrate a hydrogen-fueled combined heat and power (CHP) system, Minnesota-based District Energy St. Paul and Caterpillar Inc. announced a three-year project in May 2022. The National Renewable Energy Laboratory and the U.S. Department of Energy both support and partially fund the project. The company will be able to evaluate additional hydrogen fuel options for an existing energy-efficient engine thanks to this hydrogen demonstration project, opening up new opportunities for assisting our customers in achieving their climate-related goals and objectives.
  • Caterpillar CHP systems simultaneously produce electricity and heat, improving overall efficiency and lowering exhaust emissions. Power and heat from the demonstration project will be integrated into District Energy St. Paul’s electrical and thermal infrastructure in order to evaluate the potential of a hydrogen-fueled CHP system under actual operating circumstances.

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Booming Start-ups

Attributed to the presence of a very highly competitive scenario, various new startups are entering the market space with their own set of innovations. Let’s consider a few examples-

  • ClearCell Power is a US-based startup that offers turnkey alternative energy solutions. The startup’s PureCell system combines energy production with heat recovery. The fuel processor converts natural gas to hydrogen to feed the fuel cell stack. Then, an electrochemical process combines hydrogen and air to produce electricity, water, and heat. As a result, the solution’s heat recovery system heats water in the facility for different purposes.
  • Enexor Bioenergy is a US-based startup that provides onsite, renewable energy solutions. The startup’s Bio-CHP system uses organic waste and plastics to provide continuous renewable energy. The solution also directs waste heat to produce hot water or steam, replacing fossil fuel use for onsite boilers. The system is designed to operate in humid and salty environments, typical of island nations.
  • Polish startup Lerta develops diverse renewable energy solutions. The startup installs CHP units for industrial clients, enabling savings in energy costs. Lerta also provides automated energy management and virtual power plants to improve energy efficiency and frequency stability. The startup also offers residential solar power plants to help homeowners offset rising energy prices.

Key Segments Profiled in the CHP Industry Survey

CHP Market by System Type:

  • Smaller CHP System (less than 5 MW)
  • Medium CHP System (5 MW to 20 MW)
  • Large CHP System (above 20 MW)

CHP Market by Technology:

  • CHP Reciprocating Engines
  • CHP Turbines
  • CHP Fuel Cells

CHP Market by Chiller Type:

  • Absorption Chiller
  • Engine Drive Chiller

CHP Market by Application:

  • CHP for Industrial Applications
  • CHP for Commercial Applications
  • CHP for Institutional Applications

CHP Market by Region:

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

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Table of Content

  1. Executive Summary

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

  1. Market Background

3.1. Market Dynamics

3.2. Scenario Forecast

3.3. Opportunity Map Analysis

3.4. Product Life Cycle Analysis

3.5. Supply Chain Analysis

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.8. PESTLE and Porter’s Analysis

3.9. Regulatory Landscape

3.10. Regional Parent Market Outlook

3.11. Production and Consumption Statistics

3.12. Import and Export Statistics

  1. Global CHP Market Analysis 2017-2021 and Forecast, 2022-2032

4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021

4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032

  1. Global CHP Market Analysis 2017-2021 and Forecast 2022-2032, By System Type

5.1. Introduction / Key Findings

5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By System Type, 2017-2021

5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By System Type, 2022-2032

5.4. Y-o-Y Growth Trend Analysis By System Type, 2017-2021

5.5. Absolute $ Opportunity Analysis By System Type, 2022-2032

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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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Data Business in Oil & Gas Market is Projected to Expand at a CAGR of 16.5% from 2022 to 2032 | Report by FMI

The global data business in the oil & gas market is projected to rise at a CAGR of 16.5% throughout the forecast period, rising from a valuation of US$ 31.6 Billion in 2022 to US$ 145.9 Billion by 2032. Operational efficiency and performance improvement increased popularity of real-time analysis and predictive analytics solutions, and increased awareness among end-users are all major growth factors for the data business in the oil & gas industry.

The recent data business in oil & gas market trends indicates that the necessity for big data analytics in oil and gas operations rose as a result of the COVID-19 outbreak since it allowed engineers and researchers to study data remotely.

Furthermore, data recording sensors have recently become a recent introduction to the industry for various features such as discovery, drilling, production, refining, and transportation, where big data has become an essential part of data analysis, which is expected to be a driving factor for the demand for data business in oil & gas.

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Big data also allows for better asset management, operations, manufacturing, and worker safety. However, big data analytics continues to confront hurdles owing to a lack of corporate backing and awareness of the technology; data and a grasp of the problem’s complexity is a key stumbling block to the growth of the data business in the oil & gas market share.

The precision and efficiency of big data have led to its acceptance in the oil and gas industry. It helps the oil and gas industry improve the performance of drilling and production activities. It improves the company’s efficiency and keeps track of the oil extraction activities in real-time. It is offered in software, hardware, and cloud service platforms to deliver the best data collection service to oil and gas organizations.

Furthermore, advances in data gathering allow for the incorporation of machine learning and artificial intelligence (AI) technologies that aid safeguard data by allowing for secure data storage and collection. It aids industries in increasing productivity and increasing annual revenues, hence increasing global demand for data business in oil & gas.

As per the data business in oil & gas market study, manufacturers all over the world are producing big high-quality data in oil and gas services that reduce data inconsistencies, resulting in data business in oil & gas market growth. As a result, these variables may contribute to the rise of big data in the oil and gas business.

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However, a lack of public understanding of the numerous benefits of big data in oil and gas solutions is expected to stymie the data business in oil & gas market size expansion. The oil and gas industry’s increasing output and drilling performance is a major data business in oil & gas market driver.

Other factors driving market expansion include the need to improve decision-making and operational and business performance, as well as volatile oil prices and growing competition in the oil and gas industry.

Key Takeaways

  • The US data business in oil & gas market size is projected to reach a valuation of US$ 40.9 Bn by the end of 2032.
  • The data business in oil & gas market is divided into three segments depending on the application: upstream, midstream, and downstream. Upstream leads the market because of the numerous services and maintenance operations that require data analysis in the various natural gas and oil-producing enterprises.
  • The data management component segment is expected to rise at a CAGR of 16.8% through the forecast period.
  • Due to widespread use on a bigger scale in the oil and gas industry to generate and access data, which is subsequently utilized as information to make decisions in refineries and natural gas businesses, software services hold the largest portion of the data business in oil & gas market and dominate it.

Competitive Landscape

Accenture, Cisco, Dell EMC, Hewlett-Packard Enterprise, IBM, Microsoft, Oracle, SAP, SAS, Teradata, Hitachi Vantara, Drillinginfo, Northwest Analytics, Hortonworks, and MapR Technologies are some of the prominent players in the data business in oil & gas market.

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Key Segments

By Component:

  • Big Data
  • Data Management
  • Direct Data Monetization

By Oil Companies:

  • National Oil Companies
  • Independent Oil Companies
  • National Data Repository

By Application:

  • Upstream
  • Midstream
  • Downstream

By E&P Lifecycle:

  • Exploration
  • Development
  • Production

By Region:

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

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 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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Crowdsourced Security Market to Achieve a High CAGR Of 7.8% from 2022 to 2032 | Future Market Insights, Inc.

The global crowdsourced security platform market is expected to garner USD 106 Million in 2021 and USD 115 Million in 2022. The market is projected to secure USD 243 Million in 2032 while recording a CAGR of 7.8% during the forecast period. Increasing security demands with digital transformation in enterprises are expected to play a significant role in driving the market in the forecast period.

Also, the increasing demand to modernize conventional security methodologies is another salient factor propelling the industry in the coming time. From the national security perspective, crowdsourcing has been the focus. . For instance, U.S Defense Advanced Research Projects Agency (DARPA) integrated crowdsourcing in some of its principal spheres.

Such initiatives are expected to drive the market in the forecast period. Crowdsourced security programs are gaining traction across various spheres since several organizations adopt crowdsourced security programs to audit the security of their application.

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On the contrary, challenges associated with confidential insecurities are expected to hamper the market in the coming time.  Increasing cases of cyber-attack and data security are projected to hinder the market expansion. Also, lack of extent restrains negatively impacts the market.

Key Takeaways from the Market Study 

  • The global crowdsourced security market to value USD 106 Million in 2021
  • The global crowdsourced security market to exhibit a 7.8% CAGR in the forecast period
  • The mobile application segment to garner 7.7% in the forecast period
  • The Large Enterprise segment to exhibit 7.6% CAGR in the assessment period.
  • The estimated U.S market size is USD 84.6 Million, recording a 7.6% growth rate in the forecast period.
  • China market is anticipated at USD 17.3 Million while expanding at a 7.1% CAGR in the coming time.

Competitive Landscape

Key players in the global Value of crowdsourced security market include Applause, Cobalt Labs Inc, Bugcrowd Inc, Detectify, and HackerOne.

  • In January 2019, Bugcrowd disclosed its partnership with Skyscanner. Skyscanner is a global travel search company. It rolled out its bug bounty program for the public through Bugcrowd’s Crowdsourced Security Platform.
  • In March 2019, Detectify developed its business in Boston to take over the US crowdsourced security market. The growth is likely to help Detectify to augment the organization’s operations with a renowned tech and startup opportunity in the region.
  • In August 2019, HackerOne disclosed its strategic partnership with AT&T. According to the partnership, AT&T would use the platform for its newly launched bug bounty program that will help in incorporating its public-facing online environment, like, AT&T-owned websites, APIs, devices, and reports to identify potential vulnerabilities.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global blockchain AI market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments

By Type:

  • Crowdsourced Web Application Security
  • Crowdsourced Mobile Application Security
  • Other Types of Crowdsourced Security

By Deployment Type:

  • Cloud-based Crowdsourced Security
  • On-Premise Crowdsourced Security

By Organization Size:

  • Crowdsourced Security for SMEs
  • Crowdsourced Security for Large Enterprises

By Vertical:

  • Crowdsourced Security for Telecom & IT
  • Crowdsourced Security for BFSI
  • Crowdsourced Security for Healthcare
  • Crowdsourced Security for Travel & Hospitality
  • Crowdsourced Security for Retail
  • Crowdsourced Security for Media & Entertainment
  • Crowdsourced Security for Other Verticals

By Region:

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

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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 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,
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Global Water Clarifiers Market is anticipated to exhibit a CAGR of 5.4% by 2032 | Future Market Insights, Inc.

The global water clarifiers market is expected to grow at a 5.4% CAGR during the forecast period, with a revenue of US$ 6,980.2 Million in 2022 and a revenue of US$ 11,854.3 Million by 2032.

Water clarifiers are expected to see increased demand due to their high structural strength, high volume-to-area ratio, ease of sludge removal, and ability to maintain heat level. Water clarifier installation costs, on the other hand, are expected to limit market growth.

Clarifiers are sedimentation-based settling tanks that remove suspended solids from water. This is done to improve the quality of the water in order to meet the needs of various water uses. Water clarifiers are mechanical water treatment tanks that discharge concentrated impurities from the tank’s bottom. Scum is the layer of debris or foam on the water’s surface, and scum is the layer of debris or foam on the water’s surface.

A chemical-injection package introduces various chemicals into water to improve the water treatment process. These chemicals, such as ferric sulphate and polyelectrolytes, are essentially coagulation and flocculation reagents; these partials join with the preexisting particle to form denser particles known as flocs.

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Furthermore, because high-density flocs settle faster and are more stable in nature, clarifiers can easily and efficiently separate solid particles.

Because of its low operating and maintenance costs and high output, this arrangement is used for various liquid-solid separations in industries such as paper and pulp, food and beverage, oil and gas, and chemical and fertiliser. Clarifiers are commonly used in municipal wastewater treatment to reduce suspended solids and BOD levels. (Biological Oxygen Demand).

There are several benefits of halogenated water treatment chemicals. They enhance the efficiency of skim tanks, hydro cyclones, filters, centrifuges, etc. Halogenated water treatment chemicals have various types of applications, such as in water processing, corrosion inhibition, irrigation water, oxygen scavenging, drinking water, antifoaming, and scale inhibition, among others.

Water Clarifiers Market: Dynamics 

The primary factor responsible for driving the global water clarifiers market is strict regulations pertaining to conservation of water and water quality. Other than this increasingly stringent regulations, particularly in the areas of water reuse and wastage will also affect the global water clarifiers market positively. Also, declining freshwater resources have compelled the management for the use of water treatment arrangement, which will also boost the market for water clarifiers.

However, the high cost of clarifiers and availability of alternative such as chemicals are expected to restrain the market growth of water clarifiers. Municipal and industrial regulations, rapid industrialization and use of fresh water in various activities are factors impacting the global water clarifiers market directly.

Municipal and industrial regulations also promote awareness programs for consumers to minimize water wastage. Fresh water can be used in various industrial applications (e.g., in pulp & paper manufacturing, metal & mining, power, semiconductors, oil & gas, and textiles) and domestic applications (e.g., washing, cooking, etc.).

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Water Clarifiers Market: Regional Outlook 

North America holds a comparatively high market share, being a profitable market for water clarifiers. North America is followed by Europe. However, Asia Pacific is expected to have high growth over the forecast period owing to the growing demand for pure and fresh water.

Rest of the world market is estimated to account for a relatively small share of the water clarifiers. Also, depletion of freshwater resources across the globe can act as an opportunity for the global water clarifiers market.

Water Clarifiers Market: Key Participants 

Examples of some of the key market participants operating across the value chain of the global water clarifiers market are:

  • SUEZ Group
  • Pentair plc
  • Veolia Water Technologies
  • Evoqua Water Technologies LLC
  • Aquatech International Corporation
  • Murugappa Group
  • Hydro International
  • Monroe Environmental Corp.
  • Envirodyne Systems Inc.
  • WesTech Engineering, Inc.
  • Parkson Corporation

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.

The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Key Segments Profiled In The Water Clarifiers Market Survey

By Design:

  • Circular Water Clarifiers
  • Rectangular Water Clarifiers

By Material Type:

  • Carbon Steel
  • Stainless Steel
  • Fibre-Reinforced Plastic

By Application:

  • Pre-Treatment
  • Portable Water Treatment
  • Waste Water Treatment
  • Mining

By End User:

  • Municipal
  • Industrial
  • Paper & Pulp Industry
  • Food & Beverage Industry
  • Oil & Gas Industry
  • Iron & Steel
  • Chemical & Fertilizer
  • Mining & Mineral
  • Power Industry

By Region:

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

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, 
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T: +1-845-579-5705
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Swivel Couplers Market is Expected to Reach US$ 556.3 Million from 2022 to 2032: Analysis of Key Trends, Drivers & Challenges

As of 2022, the swivel couplers market is worth US$ 331.4 million. The market is estimated to grow at a CAGR of 5.3%, reaching a value of US$ 556.3 million by 2032.The European swivel couplers market now has a 29% share and is predicted to be one of the leading markets over the forecast period.

The swivel couplers are used in this region for heavy duty applications, with large bolts and flange nuts. Additionally, owing to increasing constructional activities, the swivel couplers are used to couple the pipes together. Europe is a place, which is famous for buildings as well. For this purpose, the swivel couplers are used for holding transoms and handrails in position. This is expected to increase the demand for swivel couplers.

Swivel coupler sales are expected to be driven by an increase in construction activity, an expansion of the fabrication industry market, among other factors. The use of these couplers is anticipated to increase for a number of reasons, including the use of advanced production technologies in their manufacture.

Metals and alloys are used to create swivel couplers, which connect the pipes to form a truss structure. To prevent leaks, these are widely used in pipe fittings. As a result, swivel couplers are an essential component of plumbing accessories.

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These valves are essential for increasing the structure’s ability to support more weight. Couplers aid in the development of a sturdy structure. The market for swivel couplers has historically experienced a CAGR of 4.2 percent. Swivel couplers are becoming more and more important, and the CAGR for the forecast period is expected to be 5.3%.

The majority of businesses around the world have suffered over the past few months. This can be attributed to significant disruptions in their specific assembly and storage network operations caused by various prudent lockdowns and other limitations upheld by administrative experts around the world.

The global market for swivel couplers is comparable. Customer demand has also decreased as a result because people are now more eager to borrow money for small expenses from their individual financial plans because the overall financial situation of most people has been severely impacted by this flare-up.

Here are some key takeaways regarding the swivel couplers market:

  • Swivel couplers are widely used in construction and industrial applications to connect two scaffold tubes at any angle.
  • The market for swivel couplers is expected to grow due to increasing construction and industrial activities worldwide.
  • The demand for swivel couplers is also driven by the need for safe and secure scaffolding structures that meet safety regulations.
  • The market is highly competitive with numerous players offering swivel couplers of various sizes and types.
  • The Asia-Pacific region is expected to dominate the swivel couplers market in terms of demand, owing to rapid infrastructure development in countries such as China and India.
  • Key players in the swivel couplers market include APL Apollo, Tianjin Wellmade Scaffold Co. Ltd., Safway Group Holding LLC, and Rapid Scaffolding (Engineering) Co. Ltd.
  • Swivel couplers made of high-grade steel or aluminum are expected to witness higher demand due to their durability and strength.
  • The COVID-19 pandemic has impacted the global swivel couplers market, with disruptions in the supply chain and construction activities leading to a decline in demand. However, the market is expected to recover in the coming years as construction activities resume.

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Over the gauge course of events, the aforementioned factors are predicted to disrupt the revenue direction of the global market for swivel couplers. However, as personal care professionals lift these supported lockdowns, the global Swivel Couplers market is anticipated to recover as well.

Competitive Landscape

The major players are now focusing heavily on quality control while also looking for ways to further enhance the production process. The businesses are doing this by recording every step in real time, from gathering the raw materials to turning them into the finished goods. Customers will be able to learn more about the procedure being used as a result.

Some of the key players are: 

  • Supertek Scafform
  • XSF Xtreme Structures & Fabrication
  • Musson Theatrical, Inc.
  • Scaffco
  • ScaffoldMart
  • Thiel United BV.
  • Prajapati Tubes Pvt. Ltd.
  • Theatrixx Technologies, Inc.
  • HAKI AB
  • Doughty Engineering Ltd.

In order to increase their respective consumer bases, a number of major market participants in the global Swivel Couplers Market sector are now concentrating more on forming successful joint ventures, acquisitions, and/or collaborations. By being able to serve their given target bases both domestically and abroad, they stand to increase them.

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Key Segments Profiled In The Swivel Couplers Market Survey

By Product Type:

  • Pressed Swivel Couplers
  • Forged Swivel Couplers
  • Others

By Load Capacity:

  • upto 1100 lbs
  • 1100-2300 lbs
  • above 2300 lbs

By End Use:

  • Construction industry
  • Manufacturing & Fabrication industry
  • Water Works
  • Others

By Region:

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

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.   
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200 Continental Drive, 
Suite 401, Newark, 
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Surge Tanks Market Poised for Robust Growth with Impressive 4.2% CAGR by 2032: Assessment of Key Drivers, Restraints and Future Outlook

The surge tanks market is expected to increase at a CAGR of 4.2% between 2022 and 2032. Surge tank market share is expected to grow during this forecast period, from its current valuation of US$ 1.9 billion in 2022 to a net worth of US$ 2.9 billion by 2032.

A surge tank is a vessel or storage tank constructed of stainless steel or epoxy coated carbon steel. A surge tank is a type of reservoir used to control the flow of liquid in high-pressure situations. Surge tanks are commonly used in hydropower projects where water pressure must be maintained to ensure proper turbine operation and to reduce the hammering effect produced by changes in water flow.

They are also utilised in oil and gas industries, chemical plants, and water treatment plants. Surge tanks are built to handle a wide range of pressure and volume, and they can easily neutralise the effect to prevent system failures and blowouts. Surge tanks are utilised in two-phase separation operations in the chemical industry where extended retention time is necessary for optimal separation.

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Surge Tanks Market: Dynamics

The surge tanks market is being driven by increasing demand from power & energy applications, especially due to new hydro power plants coming up in developed as well as developing regions. Along with this, rising investments in water infrastructure development across the globe will also support the growth of the surge tanks market.

Moreover, recovery of oil & gas industry coupled with pipeline expansion projects in the U.S., Brazil and Mexico and GCC countries will, in turn, help drive the surge tanks market. Apart from this, the high repair and maintenance cost of regular and coated surge tanks will also affect market growth.

Surge Tanks Market: Regional Outlook

The Global surge tank market is dominated by the Asia Pacific region. In APAC, the prompt growth of end-use industries, such as oil & gas, chemicals and power & energy industry — where surge tanks are frequently used — will help drive the market over the forecast period. Moreover, high investments for developing water infrastructure and setting up new hydro power plants in developing countries, such as China and India, will in turn boost the demand for surge tanks over the forecast period.

The APAC surge tank market is expected to register healthy CAGR over the forecast period. North America and Europe are the major markets for surge tanks. In North America, the U.S. is expected to dominate the market owing to increasing investments in water infrastructure and significant growth of oil & gas industry owing to shale gas exploration. The North America surge tanks market is expected to register significant growth over the forecast period.

In Europe, EU-5 countries are expected to hold a significant share of the market over the forecast period. Moreover, recovery of oil & gas industry coupled with increasing infrastructural developments in GCC countries, Brazil and Mexico will help boost the demand for surge tanks over the forecast period. Moreover, Latin America and Middle East & Africa surge tanks market is expected to grow steadily over the forecast period.

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Surge Tanks Market: Market Participants

Examples of some of the market participants in the global Surge Tanks market identified across the value chain include:

  • NM Group Global LLC (NMGG)
  • TransTech Fabrication, LLC
  • Alpha Tanks Limited
  • FAB-TECH Works & Constructions Pvt. Ltd.
  • Squibb Tank Company, Inc
  • Wheeler Tank Manufacturing, Inc.
  • RothLochston
  • Wiltsie Construction Co., Inc.
  • Young Engineering & Manufacturing Inc.
  • Steelways, Inc.
  • Oilwell ME
  • AA Tanks Co

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.

The report covers exhaust analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Key Segments in the Surge Tanks Market

By Type:

  • Simple Surge Tanks
  • Gallery type Surge Tanks
  • Inclined Surge Tanks
  • Inclined Surge Tanks

By Capacity:

  • Below 1000 gallon
  • 1000-8000
  • Above 8000 gallon

By Construction Material:

  • Stainless steel
  • Coated Carbon Steel
  • Others

By Pressure Capacity:

  • Below 350 psi
  • 350 – 500 psi
  • Above 500 psi

By Application:

  • Hydropower Electricity
  • Industrial Use
  • Water transportation & Distribution Network
  • Oil & Gas
  • Others

By Region:

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

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
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
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