FMI Report Affirms Global Hazardous Area Equipment Market to be Valued at USD 15.43 Billion by 2033, Driving 5.2% CAGR

The global hazardous area equipment market is on track for significant growth, with a projected valuation of USD 15.43 billion by 2033 (Future Market Insights, Inc.). This expansion is fueled by a steady Compound Annual Growth Rate (CAGR) of 5.2%, building upon a market value of USD 9.49 billion in 2023.

Hazardous area equipment plays a crucial role in safeguarding personnel and minimizing risks in environments containing flammable gases, vapors, or combustible dust. Industries such as oil and gas, petrochemicals, mining, and manufacturing rely heavily on these solutions to ensure operational safety. In these safety-critical sectors, the adoption of advanced hazardous area equipment, including cutting-edge LED lighting, is becoming increasingly essential for upholding and enhancing safety standards.

Fueling Demand for Hazardous Area Equipment: Safety Regulations and Technological Innovations

The demand for hazardous area equipment is experiencing a significant upsurge driven by the imperative need to adhere to stringent safety regulations enforced by governments. The objective is to avert accidents and potential explosions in environments deemed hazardous. In tandem with this, the market is gaining momentum due to remarkable strides in the design of such equipment, accentuated by technological advancements. Moreover, a growing emphasis on energy efficiency is further propelling the expansion of the market’s horizons.

Growth Avenues in the Hazardous Area Equipment Industry: Emerging Economies and Industry Dynamics

Within the hazardous area equipment sector, a plethora of growth opportunities are taking shape. Emerging economies’ escalating demand for oil and gas, coupled with substantial investments in renewable energy sources, are poised to drive the industry’s progress. Simultaneously, the chemical and pharmaceutical sectors are on an upward trajectory, contributing to the market’s vitality. Notably, the imperative for safety and security in hazardous settings across various industries opens up avenues for equipment manufacturers and suppliers to broaden their operational footprint.

Market Insights and Competitive Dynamics in Hazardous Area Equipment Industry:

Market Dynamics: Segment Insights and Global Players

  • In the year 2023, the cable glands and accessories segment is projected to hold a significant share of 32.0% within the hazardous area equipment industry.
  • Notably, the oil and gas end-user segment is anticipated to command a substantial 37.0% of the market share in 2023.

Global Market Landscape: Key Players and Regional Influence

  • With a value share of 15.4% in 2023, the United States stands as a pivotal player in the global hazardous area equipment industry.
  • Renowned for its technical expertise and high-quality manufacturing, Germany holds a value share of 3.2%.
  • Japan holds a noteworthy value share of 3.9% in the hazardous area equipment market in 2023.
  • Australia, though modest in size, retains significance in the industry with a value share of 1.1%.
  • Emerging as the world’s fastest-growing market, China commands prominence in the hazardous area equipment industry, boasting a value CAGR of 5.7%.
  • India, a developing market, projects a predicted value CAGR of 6.3% in the hazardous area equipment sector.
  • The United Kingdom, while modest, maintains a notable market presence with a value CAGR of 4.1%.

Competitive Landscape: Established Players and Emerging Challengers

The hazardous area equipment industry is a realm of high competition, characterized by the presence of established players striving for market dominance. Prominent companies in the field include ABB Ltd, Eaton Corporation, Honeywell International Inc., Siemens AG, and Rockwell Automation, Inc. These industry giants hold a global footprint and offer a diverse array of hazardous area equipment encompassing explosion-proof lighting, communication tools, control systems, and sensors.

Key Segmentation:

By Products:

  • Industrial Controls
  • Motors
  • Strobe Beacons
  • Visual and Audible Combination Units
  • Cable Glands and Accessories
  • Process Instruments
  • Lighting Products
  • Sensors
  • Fire Alarms or Call Points
  • Others

By Services:

  • Wired
  • Wireless

By End-users:

  • Oil & Gas
  • Mining
  • Chemical & Pharmaceutical
  • Food & Beverages
  • Automotive and aerospace
  • Pulp & Paper
  • Steel & Metal
  • Energy & Power
  • others

By Region:

  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • Sweden
    • Italy
    • Netherlands
    • Spain
    • France
    • Russia
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • New Zealand
  • Middle East & Africa
    • United Arab Emirates
    • Saudi Arabia
    • Qatar
    • South Africa
    • Egypt
    • Turkey
    • Kuwait
    • Nigeria
    • Oman
  • Latin America
    • Brazil
    • Chile
    • Peru
    • Argentina

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Study Indicates Global Industrial Safety Footwear Market to Drive Past USD 23.6 Billion by 2033, Driving 7.4% CAGR Growth

The industrial safety footwear market is poised for significant expansion, driven by a robust Compound Annual Growth Rate (CAGR) of 7.4% projected over the forecast period. By the year 2023, the market was anticipated to reach a substantial value of USD 11.6 billion, with estimations indicating a doubling in worth to USD 23.6 billion by 2033.

Several compelling factors contribute to the notable growth observed in the industrial safety footwear market. Chief among these is the ongoing revitalization and expansion of industrial infrastructure. As industrial spaces undergo renovation or new constructions, there arises an essential need for stringent safety measures. The heightened focus on ensuring the welfare and safety of industrial personnel emerges as a key driver, stimulating demand for industrial safety footwear in accordance with evolving safety protocols and standards.

Key Takeaways:

  • Rising awareness around workers’ safety, advanced protective gear, and increased construction and industrial operation fuels the sales of industrial safety footwear.
  • The expanding agricultural and industrial operations in urban settings, along with the building infrastructure of emerging economies like China and India, are consuming a big chunk of the industrial safety footwear market.
  • The government’s compliance policies around applications of protective gear for workers are making organizations and industries liable for making their workforce work in a safer environment.
  • The expanding mining industry enables fatal injuries to the workers to require a long range of protective gear. From gloves, and masks to footwear, the demand for industrial safety footwear market’s future looks promising with the restoration of certain industries.

Key Points:

  1. The United States market leads the space in terms of market share and CAGR. The market is expected to cross a value of USD 8.4 billion by 2033. The regional market is expected to thrive at a CAGR of 7.2% between 2023 and 2033.
  2. The China industrial safety footwear market is another significant market. It thrives at a steady CAGR of 6.8% during the forecast period. The market is likely to reach a value of USD 1.7 billion by 2033. Developing economies like India and China are indulging in huge construction, making these spaces highly potential markets.
  3. Leather is likely to thrive in the material type category due to better fitting, durability, climate control, and skin-friendly properties. It is expected to thrive at a CAGR of 7.2% during the forecast period.
  4. The construction tops the application tally with a CAGR of 6.9% between 2023 and 2033. The growth is attributed to the big construction project and the importance of industrial safety footwear for construction workers.

Competitive Landscape:

The key players focus on making durable, flexible, and safe footwear for the end users. The industry-specific approach, along with the adoption of advanced sole technology, is the key to becoming prominent in the competitor’s tally. Key competitors also merge, acquire, and partner with other companies to increase the supply chain and distribution channel. The key players in the market are JAL Group France SAS, Dunlop Boots, COFRA S.r.l., Honeywell International, Inc, and Hewats Edinburgh.

For instance:

  • Dunlop Boots has added new sole technology in safety footwear, such as purofort and Acifort. These are manufactured with PVC, nitrile rubber, and polymers. The company claims to deliver global safety standards to various end-user industries.
  • An Italian footwear brand, Cofra SFI has launched a long range of workwear footwear such as shellwear, ergowear, slim work, and casual safety. The company uses different grades of PVC and rubber to produce protective footwear.

Key Segments:

By Material:

  • Leather
  • Rubber
  • Plastic
  • Waterproof

By Application:

  • Construction
  • Manufacturing
  • Oil & Gas
  • Chemicals
  • Transport
  • Mining
  • Food
  • Pharmaceuticals

By Product:

  • Shoes
  • Boots

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • The Middle East & Africa (MEA)

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Industrial PC Market Share Anticipated to Cross USD 9.4 Billion Mark by 2032, Driven by 6% CAGR Growth | FMI Analysis

The global industrial PC market has exhibited remarkable growth, achieving a commendable valuation of USD 5 billion in 2021. Projections for the period spanning from 2022 to 2032 forecast a robust Compound Annual Growth Rate (CAGR) of 6%, culminating in an anticipated valuation exceeding USD 9.4 billion. This upward trajectory is primarily driven by escalating demand across diverse sectors such as automotive, oil & gas, electronics, and pharmaceuticals.

Industrial PCs have evolved into indispensable tools within the industrial landscape, playing a pivotal role in critical functions. Serving as the backbone of automation, these versatile machines empower the control of entire systems, monitor vital parameters such as pressure and temperature, oversee machinery, and provide real-time information crucial to the production of manufactured goods. Their adaptability and rugged design position them as cornerstones in optimizing and advancing industrial operations. The impressive growth of the industrial PC market underscores the significant potential embedded in this dynamic industry.

Industrial PCs have gained widespread acclaim and utilization over the years due to their ability to meet the exacting demands of industrial settings. They are renowned for their high-performance capabilities, long lifespan, and unwavering reliability. Furthermore, these PCs are engineered to thrive in the harshest industrial environments, demonstrating exceptional durability and resilience.

The global industrial PC market’s ascent reflects the ever-expanding scope of industrial automation and the relentless pursuit of efficiency, precision, and data-driven decision-making across industries. These industrial PCs are not just computing devices; they are integral components in the modernization and optimization of industrial processes, driving productivity and innovation in the global industrial landscape.

Industrial PCs’ operational efficiency is both an advantage and a hazard at the same time. It may offer security problems, but it makes it easier to scale up duties and integrate new features in one box, such as energy management, access control, condition monitoring, FSM, data transfer, and so on.

As a result, OEMs and end-users may be dubious about the overall capabilities, not just IPC models, which could impede the sales of industrial PCs. An industrial PC is a computing platform that is built to withstand harsh conditions such as temperature fluctuations, humidity, moisture, and aggressive dust.

Competitive Landscape:

For start-up enterprises, the industrial PC market offers reasonable prospects. These businesses can supply industrial PCs to the fast-growing energy, automotive, and oil and gas industries. The global study on the Industrial PC market states that the presence of established businesses with diverse product portfolios catering to many industries, on the other hand, enhances market competition.

For example, in September 2021, Rockwell Automation announced cooperation with Ansys, a Canonsburg and Pennsylvania-based American corporation. The company hoped to expand digital twin connectivity into industrial control systems with this relationship, allowing users to take advantage of industrial operations’ implementation, design, and performance.

Leading Companies Profiled in Industrial PC Market:

  • Beckhoff Automation,
  • IEI Integration Corporation,
  • Siemens,
  • B&R Automation,
  • Kontron S&T,
  • Avalue Technology,
  • DFI,
  • Nexcom International,
  • American Port well Technology, and others.

Key Segments Covered:

By Type:

  • Panel IPC
  • Rack Mount IPC
  • Box IPC
  • Embedded IPC
  • DIN Rail IPC

By Sales Channel:

  • Direct Sales
  • Indirect Sales

By End-use Industry:

  • Process Industries
  • Discrete Industries

By Region:

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

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Industrial Automation Market Size Forecasted to Hit USD 81.4 Billion Valuation by 2033, Driving 7.2% CAGR Growth

The global industrial automation market is poised for substantial growth, with projections indicating a valuation exceeding USD 81.4 billion by 2033, driven by a steadfast Compound Annual Growth Rate (CAGR) of 7.2%. Starting with an initial forecasted value of USD 40.6 billion in 2023, the market lays a strong foundation for ambitious expansion in the coming decade.

A significant driver behind this impressive growth trajectory is the unwavering commitment to safety within industrial automation practices. Manufacturers, businesses, and operators are increasingly prioritizing the development and deployment of cutting-edge safety measures to mitigate workplace incidents. This heightened emphasis not only safeguards the well-being of workers but also presents substantial market opportunities, as organizations recognize the inherent value in prioritizing the health and safety of their workforce. As the industrial automation landscape continues to evolve, the convergence of safety initiatives and robust growth strategies underscores its pivotal role in shaping the future of industrial operations.

Automotive Industry significantly drives the Market Growth:

Growing demand for industrial automation in the automation sector boosts the market growth. Several automakers maintain efficiency and accuracy to enhance the performance of machinery. Automotive is an essential sector that captures a significant global market share. The rising number of vehicles and advanced electric vehicles is increasing the adoption of industrial automation.

The innovation of robotic systems in automotive is expanding the market growth. The increasing demand for advanced skills, machine learning, and mechatronics drives market opportunities. Apart from it, the electronic industry is further expected to drive market growth.

Key Takeaways:

  • The industrial automation market is expected to have a valuation of USD 81.4 billion by 2033.
  • With a CAGR of 7.2%, the global market increasing from 2022 to 2033.
  • The United States industrial automation market is anticipated to record a CAGR of 7% through 2033.
  • With a CAGR of 6.3%, the United Kingdom market significantly uplifts during the forecast period.
  • The China market is expected to capture a CAGR of 6.6% over the forecast period.
  • Japan’s market is expected to record a CAGR of 5.7% from 2023 to 2033.

Competitive Landscape:

The prominent players play a significant share in the global market by innovating advanced devices. These players are adopting better technology and new marketing skills to upsurge the market opportunities. These players are adopting several marketing strategies to uplift the market, including mergers, acquisitions, partnerships, agreements, and collaborations.

Leading Players in the Market are:

  • Schneider Electric
  • Emerson Electric Co.
  • ABB
  • General Electric
  • Honeywell International
  • Mitsubishi Electric
  • FANUC
  • Rockwell Automation
  • Siemens
  • Yokogawa Electric

Recent Developments in the Industrial Automation Market are:

  • In January 2022, Fuji Electric announced its new plant system in Tokyo. The new plant expands its production level with an area of 13,030 meters.
  • In March 2020, Epson Robots announced its partnership with Air Automation Engineering to provide better technical services in the United States.
  • In March 2021, an American-based company- Suez, partnered with Schneider Electric to provide digital solutions in water cycle management.
  • In January 2021, Omron developed its new series robot named SCARA. The robot fastens the work with more efficiency. It is one of the lightweight and better-performance robot series.
  • In November 2020, Rockwell Automation announced its new asset management software version. It helps to update, recover and handle the work with automation devices.

Industrial Automation Market by Category:

By Deployment:

  • Industrial Robots
  • Machine Vision System
  • Process Analyzer
  • Field Instruments
  • Human Machine Interface
  • Industrial PC
  • Industrial Sensors
  • Industrial 3D Printing
  • Vibration Monitoring

By Component:

  • Supervisory Control and Data Acquisition
  • Programmable Logic Controller
  • Distributed Control System
  • Manufacturing Execution System
  • Industrial Safety
  • Plant Asset Management

By End-use Industry:

  • Oil & Gas, Chemicals
  • Pharmaceuticals & Medical Devices
  • Food & Beverages
  • Energy & Power
  • Automotive
  • Machine Manufacturing
  • Water & Wastewater Treatment
  • Electronics & Semiconductors
  • Metals & Mining
  • Others

By Region:

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

Access Report Details for More In-Depth Information:

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Global Stacker Crane Market Revenue Share to Exceed USD 2.4 Billion Milestone by 2033, Expanding at 7.9% CAGR | FMI Analysis

The global stacker crane market is predicted to register a CAGR of 7.9% over the forecast period, according to FMI’s analysis. The industry’s market value is anticipated to increase from USD 1.1 billion in 2023 to USD 2.4 billion by 2033 end.

Over the projection period, the stacker crane business is expected to increase at a healthy rate. Stacker crane demand is expected to be supported by industrial growth and globalisation in emerging economies. Lucrative opportunities in developing countries are enticing more foreign manufacturers to expand their businesses.

Many industries, including food and beverage, retail, pharmaceuticals, and automotive, are increasing their worldwide footprint through expanding into new markets. Furthermore, different economic rewards are motivating them to expand their reach. These industries’ distribution and logistics networks are being strained by the increasing demand for their products. As a result, demand for stacker cranes is increasing, as is the need for automated warehouses in a variety of end-use sectors.

The industry is also witnessing heightened demand for storage robots, which are a type of stacker cranes. The increasing demand for these stacker cranes can be attributed to their agility and capacity while removing or storing products from the rack. Moreover, the automated pallet shuttle is also gaining huge popularity. Growing demand for this electric shuttle as it expedites the pallet unloading and loading is anticipated to propel the market development.

Key Highlights of the Stacker Crane Industry: 

  • The United States is projected to be a significant stacker crane market in the forecast period as well. The country is estimated to attain a market valuation of USD 850.3 million by 2033, expanding at a CAGR of 7.7%.
  • In Asia Pacific, China is predicted to reach USD 172.2 million by 2033. The market is anticipated to register a 7.3 CAGR over the forthcoming years. Strong demand for stacker cranes in automatic high-bay storage facilities is contributing to market growth.
  • Japan is expected to emerge as a substantial market over the upcoming years. The market is predicted to attain USD 140.8 million by 2033, exhibiting a CAGR of 6.4% over the forecast period. The increasing retrofitting and upgrading of existing stacker crane systems are projected to yield market growth.
  • Growing preference for consumer goods is augmenting the demand for stacker cranes. The consumer goods segment is projected to register a CAGR of 7.1% over the next 10 years.
  • Rising demand for single-column stacker cranes is expected to be favorable for market growth. Over the upcoming years, the single-column stacker crane segment is expected to exhibit a CAGR of 7.4%.

News Featuring Market Developments by Key Players of Stacker Crane Market:

  • In November 2020, Doosan Logistics Solutions Co., Ltd entered into an agreement with Chinese autonomous mobile robot maker Geek+ to supply logistic robots for Geek+ in South Korea.
  • In June 2021, Toyota Motor partnered with Swisslog Holding AG to execute an automation system, such as Swisslog’s Carry Pick, for its storage and order-picking services, at its Kentucky unit.

List Encompassing Key Players:

  • KION GROUP AG
  • Doosan Corporation.
  • Ssi Schaefer
  • Swisslog Holding AG
  • Murata Machinery, Ltd.
  • Hyster-Yale Materials Handling, Inc.
  • Jungheinrich AG
  • MITSUBISHI LOGISNEXT CO., LTD.
  • TOYOTA INDUSTRIES CORPORATION
  • Vanderlande Industries B.V.

Key Segments Covered:

By Operation Type:

  • Semi-automatic
  • Automatic

By End-use Industry:

  • Consumer Goods
  • E-commerce/Retail and Wholesale
  • Pharmaceutical
  • Automotive
  • Others

By Application:

  • Autostart
  • Early Baggage Storage
  • Sortation System
  • Robotized Order Preparation

By Type:

  • Single Column
  • Double Column

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Automatic Weigh Price Labeling Machine Industry to Witness a 6.8% CAGR, Projected to Reach US$ 635.3 million by 2034

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

The Automatic Weigh Price Labeling Machine Market is currently experiencing a significant upsurge in demand, predominantly propelled by the growing adoption of sensor technologies and data-gathering devices within the sphere of product inspection processes. These sophisticated devices empower manufacturers with the ability to automatically gather crucial insights about their products, encompassing dimensions, weight, and other essential attributes. Leveraging this invaluable data, manufacturers can efficiently streamline their labeling processes, facilitating the automated creation of precise and accurate labels for each individual product.

The market for automatic weigh price labeling machines is expected to reach $309.0 million by 2023. Demand for automatic weigh price labeling machines is expected to increase at a 6.8% CAGR throughout the forecast period. The total market value is expected to expand from US$ 328.8 million in 2024 to US$ 635.3 million by 2034.

Browse Full Report Here

The contemporary market landscape is witnessing a pronounced shift towards burgeoning trends, with a prominent driver being the escalating utilization of sensors and analogous data-gathering devices. These sophisticated tools autonomously amass intricate insights pertaining to the products undergoing meticulous inspection, encompassing crucial dimensions, weight, and other pertinent characteristics. Armed with this wealth of comprehensive data, manufacturers can seamlessly automate the label generation process, ensuring unwavering precision and accuracy in their operations.

Significantly, the data compiled by these advanced machines can be efficiently stored and managed through the adoption of cutting-edge cloud-based services. The growing acceptance and implementation of cloud-based solutions for this purpose are poised to play a pivotal role in propelling market growth. The stored data becomes easily accessible to authorized users from any corner of the globe, providing a seamless and convenient method to track and retrieve product labeling data along with associated information, as and when required. This notable advancement serve to elevate the efficiency and flexibility of product labeling procedures across diverse sectors of the industry.

Moreover, the market is observing a notable upsurge in the integration of automatic weigh-price labeling machines within the intricate fabric of manufacturers’ production lines. This integration holds immense potential to significantly augment production efficiency, ultimately streamlining and phasing out the need for labor-intensive manual labeling processes.

Here are the key highlights from the FMI’s analysis of the Automatic Weigh Price Labeling Machine industry:

  • Strong Presence in the United States: The United States commands a substantial portion of the automatic weigh price labeling machine industry, with a projected market share of 16.5% by the end of 2023.
  • Prominence in Europe: In Europe, Germany and the United Kingdom are expected to be notable markets. Germany’s automatic weigh price labeling machine industry is anticipated to account for 5.9% of the market share in 2023, while the United Kingdom is projected to exhibit a Compound Annual Growth Rate (CAGR) of 4.9%.
  • Significant Contribution from Japan: The Japanese market is forecasted to make a substantial contribution, comprising 4.4% of the global market share in 2023.
  • Rapid Growth in India and China: Robust growth is anticipated in India and China, with India taking the lead. India is expected to expand at an impressive CAGR of 7.7%, while China is projected to register a solid CAGR of 7.2%.
  • Key Segment: 13 to 60 kg Load Capacity: Among different load capacity categories, the 13 to 60 kg segment is estimated to dominate the market, capturing a substantial share of 44.9%.
  • Dominance of Food and Beverages Segment: In terms of end-use, the food and beverages segment is poised to gain a significant market share, accounting for 36.7% in 2023.

How is the Automatic Weigh Price Labeling Machine Industry Shaping Up?

Prominent manufacturers within the industry are consistently implementing innovative strategies in order to expand their market presence. These vendors are making substantial investments in the advancement of their machinery. A noteworthy example of this commitment to innovation is demonstrated by Ravenwood Packaging, which recently unveiled its latest offering: an automatic linerless label applicator.

The VR inspection system and Nobac 5000 Auto have the versatility to seamlessly integrate into existing setups or function as standalone technologies, facilitating the inspection and labeling of linerless labels. These machines find application in a wide spectrum of food products, including plant-based proteins, salad pots, fish, meat, fresh produce, and more.

Leading players in the industry are introducing various iterations of automatic weigh price labeling machines, such as ISHIDA CO., LTD.’s AL-AI Series. These machines operate at high speeds, automating the process of pricing food products such as bento boxes and other prepared dishes. The utilization of these machines results in the complete automation of on-site labeling tasks, ensuring precise, neat, and clear labeling.

The integration of advanced technologies into these machines is anticipated to maintain their relevance and significance in the years to come. Continual advancements in these machines, aimed at enhancing efficiency, durability, and overall performance, are poised to stimulate market growth.

Global Automatic Weigh Price Labeling Machine Market by Category

By Throughput Rate:

  • Up to 50ppm
  • 50 to 150ppm
  • Above 150ppm

By Capacity:

  • Up to 12kg
  • 12 to 60kg
  • Above 60kg

By End Use:

  • Food and Beverage
    • Dairy Products
    • Flesh Foods
    • Agricultural Produce
    • Ready to Use
    • Bakery and Confectionary
    • Pharmaceutical Use
  • Personal Care Products
  • Logistics and Packaging
  • Others (Chemical, Laboratory, etc.)

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Multi-Deck Refrigerated Display Cases Market Expected to Attain US$ 10,766.1 Billion by 2033, with a Projected CAGR of 5.6%

ESCOMAR Certified Market Research and Consulting Firm Predicts Market Valuation to Reach US$ 10,766.1 million by 2033, Propelled by a 5.6% CAGR

Global Multi-Deck Refrigerated Display Cases Market Valuation Set to Scale New Heights

Future Market Insights (FMI), a leading ESCOMAR certified market research and consulting firm, has projected a promising future for the global multi-deck refrigerated display cases market. According to FMI’s estimations, the market is poised to attain a substantial valuation of US$ 6,243.38 million in 2023. The momentum is anticipated to surge ahead, with the revenue from sales of multi-deck refrigerated display cases predicted to surpass a remarkable valuation of US$ 10,766.1 million by the year 2033. This impressive growth trajectory is underpinned by a robust CAGR of 5.6%, spanning the period from 2023 to 2033.

Innovations Drive the Emergence of Multi-Deck Refrigerated Display Cases

In the quest for developing low global warming potential refrigerants, the refrigeration industry has encountered the challenge of downstream usability. In response, manufacturers have directed their efforts toward creating safer and more cost-effective solutions, which has led to the evolution of multi-deck refrigerated display cases. These innovations cater to specific industry requirements, promising enhanced efficiency and safety.

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Urbanization Amplifies Demand for Multi-Deck Refrigerated Display Cases

The escalating demand for rapid access to food and beverages, fueled by urbanization, has fostered a surge in fast-food stores catering to on-the-go customers. This surge has spurred sales growth in fast-service restaurants and subsequently bolstered the demand for multi-deck refrigerated display cases. Moreover, the expansion of the retail sector, encompassing supermarkets, hypermarkets, and convenience stores, presents a fertile ground for growth. The need for optimal space utilization and interior environment maintenance has spurred the demand for multi-deck refrigerated display cases with remotely located condensers, offering both energy efficiency and enhanced storage capacity.

Asia Pacific Spearheading the Market Growth

The rapid urbanization in regions like Asia Pacific has significantly elevated the reliance on food and beverage storage and transportation. With growing per capita income, urbanization, and increased women’s workforce participation, the demand for quick-service restaurants, particularly in countries like India and China, has surged. This trend is poised to drive the sales of multi-deck refrigerated display cases in these nations.

United States Dominates with Steady Growth

Taking the lead with a substantial market share of 22.8%, the United States commands the global multi-deck refrigerated display cases industry. The United States market is on a trajectory of steady growth, characterized by the introduction of innovative products and the proliferation of a thriving supermarket culture. Additionally, the rising presence of hospitality (HoReCa) establishments further propels growth. Future Market Insights forecasts that the United States market is anticipated to surpass a revenue milestone of US$ 1,450 million by 2033.

Intense Competition Drives Innovation and Expansion

The market landscape for multi-deck refrigerated display cases is notably competitive and fragmented, with major players contending against numerous smaller competitors. Leading companies are vigorously expanding their market reach and optimizing market share. Simultaneously, smaller manufacturers are focusing on competitive pricing and heightened product efficiency to bolster their profit margins.

Recent years have witnessed heightened acquisition and expansion activities aimed at enhancing the supply chain of multi-deck refrigerated display cases. Various manufacturers are also investing in technology-driven advancements within the multi-deck refrigerated display case domain, resulting in the emergence of new players.

Evolving Industry Through Noteworthy Initiatives

Carrier Corporation signed a binding agreement to acquire Toshiba Corporation’s ownership stake in Toshiba Carrier Corporation (TCC), a variable refrigerant flow (VRF), and light commercial HVAC joint venture with Carrier, in February 2022.

Epta S.p.a. Refrigeration invested in Portugal by acquiring Eurocold, a company specializing in engineering, installation, and maintenance services in commercial and industrial refrigeration, in December 2021.

Frigoglass SAIC announced a new supply agreement for beverage coolers with Coca-Cola HBC AG until December 31, 2025, in 2021.

As the global multi-deck refrigerated display cases market continues to evolve, Future Market Insights remains committed to providing incisive insights and data-driven analyses, aiding industry stakeholders in making informed decisions in this dynamic landscape.

Key Players:

  • Blue Star Limited
  • Carrier Corporation
  • Frigoglass SAIC
  • Epta S.p.a. Refrigeration
  • Dover Corporation
  • Haier Group
  • Arneg S.p.A
  • Illinois Tool Works Inc.
  • Daikin Industries, Ltd.
  • Fagor Professional

Global Multi-Deck Refrigerated Display Cases Market by Category

By Type:

  • Plug-In Multi-Deck Refrigerated Display Case
  • Semi Plug-In Multi-Deck Refrigerated Display Case
  • Remote Multi-Deck Refrigerated Display Case

By Width:

  • Up to 4ft Multi-Deck Refrigerated Display Case
  • 4 to 6ft Multi-Deck Refrigerated Display Case
  • 6 to 10ft Multi-Deck Refrigerated Display Case
  • Above 10ft Multi-Deck Refrigerated Display Case

By End-Use:

  • Food Service Sector
  • Quick Service Restaurants
  • Bakeries
  • Hotels
  • Others
  • Retail Food and Beverage Sector
  • Fuel Station Stores
  • Hypermarkets
  • Supermarkets
  • Discount Stores

By Case Type:

  • Forced Air Type Multi-Deck Refrigerated Display Case
  • Gravity Coil Type Multi-Deck Refrigerated Display Case

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Automated Parcel Delivery Terminals Market Analysis: Anticipated Growth at 11% CAGR by 2033, Totaling US$ 2,140.7 Million

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

The Automated Parcel Delivery Terminals Market has experienced notable expansion, predominantly propelled by the robust growth of the e-commerce sector and the widespread integration of online retail services. With a burgeoning preference for the convenience of digital shopping among consumers, the demand for efficient and reliable parcel delivery solutions has surged significantly. Moreover, the market’s upward trajectory has been further augmented by the escalation in international shipments, driven by the globalized nature of businesses and the increasing traction for cross-border e-commerce activities.

To uphold competitiveness and meet the escalating expectations of customers, shipping and logistics enterprises have been allocating substantial investments toward cutting-edge technologies and automated solutions, aiming to streamline their operational processes and curtail overall expenditure.

For the ongoing year, 2023, the global net requirement for automated parcel delivery terminals is estimated to reach an approximate value of US$ 753.9 million. According to the latest market analyses by Future Market Insights (FMI), a promising CAGR of 11% is anticipated from 2023 to 2033. Following this impressive growth trajectory, the overall market is positioned to achieve a valuation of US$ 2,140.7 million by the year 2033.

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The primary drivers of the automated parcel delivery terminals market continue to be the burgeoning e-commerce industry and the widespread adoption of online retail. Additionally, the upsurge in international deliveries and the implementation of modern shipping and logistics enhancements to reduce operational costs have played pivotal roles in fostering market expansion.

The market’s total development potential is being constrained by issues including its propensity for break-ins, and the emergence of rival delivery methods. Furthermore, the requirement for sizable installation space and high capital for its deployment could limit its adoption in emerging economies.

Key Takeaways from the Automated Parcel Delivery Terminals Market Study Report

  • Global players are mostly concentrated in the United States, which held 26.7% portion of the global market in the year 2022.
  • Germany is the leading country in Europe which contributed 4.5% of the global demand for automated parcel delivery terminals in 2022.
  • The adoption of automated parcel delivery terminals in the United Kingdom is anticipated to progress at 9.2% CAGR over the next ten years.
  • In Asia Pacific region, Japan and Australia are the prominent countries making high use of automated parcel delivery terminals. As per the FMI market survey report in 2022, these countries contributed almost 4.1% and 1.4% of the global revenue share respectively.
  • China is growing at a notable rate in the adoption of automated parcel delivery terminals nowadays and could register a CAGR of 12.6% through 2033. Meanwhile, India is projected to follow China in demand for automated parcel delivery terminals by exhibiting a growth rate of 11.7% during this period.
  • Based on different deployment types, the outdoor terminals constitute the dominant segment of the market that generated a revenue share of 44.5% in 2022.
  • Based on ownership of distinct automated parcel delivery terminals, the shipping or logistics companies segment leads the market by capturing 40.3% market share.

Competitive Landscape for the Automated Parcel Delivery Terminals Market Players

The overall market is getting fairly fragmented day by day as there are so many competitors who have started providing automated parcel terminal services. Moreover, these days, the development of private networks of parcel terminals is a top priority for many postal operators, merchants, and logistics firms.

Mergers and collaborations by the leading market players have turned out to be key strategies for expanding the consumer base and service network. For instance,

  • Cleveron teamed up with Bell & Howell in 2015 to improve parcel terminal delivery in the United States and Canada. It is also anticipated that such cooperation between terminal providers and merchants might escalate the competition in the coming days.
  • In June 2019, the Company also collaborated with Falabella Retail parcel services businesses in Latin America, which has its headquarters in Chile.

Key Segments Covered in the Automated Parcel Delivery Terminals Report

By Deployment Type:

  • Indoor Terminal
  • Outdoor Terminal

By Ownership:

  • Retailers
  • Shipping/Logistics Companies
  • Government Organization
  • Others

By Region:

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Hydraulic Cylinder Market Revenue Estimated to Reach USD 24 Billion Valuation by 2033, Driving 4.6% CAGR | FMI Study

The global hydraulic cylinder market is expected to advance at 4.6% between 2023 and 2033. The valuation is expected to exceed USD 24 billion by 2033. In 2023, the estimation is likely to be at USD 15.3 billion.

Automotive factories face a massive demand for hydraulic cylinders. In 2021, the automotive market had a mammoth valuation of USD 2.8 trillion and is expected to grow at a robust rate during the forecast period. These figures display massive prospects for the market going ahead.

Hydraulic cylinders are used in the construction sector as well. These are deployed for the preparation of concretes, and also for transferring heavy loads to the construction site. Rapid urbanization in major parts of the world presents a slew of opportunities for the market.

The ability to provide variable speed control ensures that the machine doesn’t deteriorate because of extreme working conditions. Certain kinds of hydraulic cylinders occupy less space, and despite not possessing a massive build, they perform flawless operations. The investors are ready to pour huge amounts of money because of their ability to deliver efficient power-to-weight ratios. All these factors are expected to surge the sales of hydraulic cylinder during the forecast period.

However, the lack of availability of raw materials because of the ongoing supply chain issues is expected to hinder the market growth.

Thus, from the insights provided by the FMI analysts, it can be inferred that the ‘massive automotive market, surging construction sector, the ability to work in extreme conditions and lots of other factors are expected to surge the growth of hydraulic cylinder market during the forecast period.’

Key Takeaways From the Market Study:

  • The market is expected to record a CAGR of 4.6% during the forecast period.
  • In 2023, the valuation is expected to be at USD 15.3 billion.
  • By 2033, the market size is expected to surge past USD 24 billion.
  • Asia Pacific is expected to be the dominant market during the forecast period.
  • The United States market is expected to record a CAGR of 3.5%.
  • The United Kingdom market is expected to register a CAGR of 3.9%.
  • China’s market is anticipated to post a growth rate of 6.3%.
  • Japan market is projected to surge at 5.1%.
  • South Korea market is anticipated to advance at 5.4%.
  • Based on product type, welded hydraulic cylinder is expected to be the dominant segment, and is expected to grow at 4.6%.
  • Based on application, mobile equipment is anticipated to be the leading segment and is projected to grow at 4.5%.

Competitive Landscapes:

The manufacturers operating in the hydraulic cylinder market are expected to invest in crucial acquisitions. This comes at a time when all the pending projects are done on a priority basis after a brief gap. Apart from that, the intention is to grab the lion’s share of the market. The key players are also pumping in millions of dollars in research and development activities. A lot of emphasis is being laid on sustainable initiatives. With governments worldwide adopting stringent measures to cut down carbon emissions, the key players have started adopting eco-friendly practices, and are making use of green technology.

Recent Developments:

  • In October 2022, Caterpillar announced the expansion of its construction industry portfolio with four battery electric machines.
  • In December 2022, Eaton expanded its cybersecurity services and added global customer experience sites to help customers address critical infrastructure vulnerabilities.

Significant Players Profiled:

  • Caterpillar
  • Eaton
  • Bosch Rexroth
  • Enerpac Tool Group
  • KYB Corporation.

Key Segments Covered in Hydraulic Cylinder Industry Research:

By Bore Size:

  • <50 mm
  • 51 – 100 mm
  • 101 – 150 mm
  • 151 – 300 mm
  • Above 300 mm

By Product:

  • Tie-rod Cylinders
  • Threaded Cylinders
  • Welded Cylinders
  • Bolted/ Mill Cylinders
  • Telescopic Cylinders
  • Other Cylinders

By Application:

  • Hydraulic Cylinders for Industrial Equipment
    • Lifts & Aerial Work Platforms
    • Rams & Presses
    • Loading Docks
    • Injection Molding Machines
    • Oil & Gas and Offshore Applications
    • Others
  • Hydraulic Cylinders for Mobile Equipment
    • Agricultural & Forestry Vehicles
    • Construction Equipment’s
    • Mining & Material Handling Equipment
    • Others

By Operating Principle:

  • Single Acting
  • Double Acting
  • Multi-stage/ Tandem

By Region:

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

Access Report Details for More In-Depth Information!

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Compressed Air Filtration and Dryer System Market Growth: Industry worth USD 9.91 billion by 2033, With a 5.7% CAGR

The compressed air filtration and dryer system market is poised for substantial growth, projected to maintain an impressive Compound Annual Growth Rate (CAGR) of 5.7% throughout the forecast period. By 2023, the market is anticipated to achieve a revenue milestone of USD 5.69 billion, with further expansion expected to propel it beyond USD 9.91 billion by 2033.

The escalating demand for superior-quality compressed air, particularly in diverse industrial applications, remains a pivotal driving force behind the proliferation of air compressor and dryer systems. This necessity is accentuated by the proliferation of industrial facilities in emerging economies, which is poised to fuel a heightened rate of sales for compressed air filtration and dryer systems in the foreseeable future.

Given that atmospheric air harbors considerable moisture in vapor form, it becomes imperative for compressed air systems to undergo thorough drying and filtration procedures before deployment in industrial processes. Consequently, the market for equipment designed to eliminate water and other impurities from compressed air streams has witnessed a surge in sales in recent years, reflecting the growing recognition of the critical role played by compressed air filtration and drying systems in ensuring operational efficiency and product quality across various industries.

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Market Dynamics

The growing recognition among small-scale industrial operators regarding the advantages conferred by integrating air compressor filters and dryers into their machinery and equipment has resulted in a notable uptick in sales.

In various industrial settings, such as industrial refrigeration systems or point-of-use water treatment plants, the utilization of compressed air filtration devices has become indispensable to mitigate the buildup of contaminants. These specialized desiccant filters for air compressors not only deter water accumulation but also curtail maintenance expenses associated with equipment corrosion.

Given their pivotal role in enhancing production system efficiency, these air dryer filters are poised to witness heightened demand from key manufacturing sectors. As the business activities of automotive, oil and gas, and chemical industries expand, the market for inline desiccant air dryers is expected to experience a significant surge in demand over the forecast period.

Recent Developments

Several leading companies in the industry have made significant advancements in the development of innovative air drying technologies:

Atlas Copco Ltd unveiled its latest breakthrough, the Cerades desiccant dryer, in November 2021. Engineered with exceptional efficiency, this dryer is tailored to meet the stringent requirements of pharmaceutical and food & beverage companies.

Parker-Hannifin, in May 2021, introduced a cutting-edge desiccant air dryer renowned for its ability to deliver oil-free compressed air through technical precision. This innovation is expected to bring significant advantages, particularly to the rental industry, owing to its incorporation of an oil removal filter.

Donaldson Company launched a revolutionary smart dryer solution in March 2021, designed specifically for manufacturing facilities seeking effective condensate removal. This versatile air dryer not only ensures compressed air drying but also serves as an efficient solution for condensate management.

Furthermore, industry leaders like Atlas Copco, Parker-Hannifin, and Ingersoll Rand have expanded their product portfolios to include a wide range of advanced drying solutions. Atlas Copco introduced the MDG compressed air dryer featuring freeze-in control lines and anti-corrosion properties, along with a variety of desiccant dryers, refrigerated dryers, and membrane dryers. Parker-Hannifin also launched an array of drying solutions, including desiccant dryers, refrigerated dryers, gas layers, hybrid dryers, and membrane dryers. Ingersoll Rand introduced innovations like the activated carbon tower 30, D-EC cycling refrigerated dryers, NL module coalescing filters, and externally heated desiccant dryers, further pushing the boundaries of air drying technology.

Key Players

  • Atlas Copco
  • Ingersoll Rand
  • Parker-Hannigan
  • Pentair
  • Donaldson Company
  • Boge Kompressoren
  • Kaeser Kompressoren
  • Sullair
  • Spx Flow
  • Sullivan-Palatek

Key Segments Covered

By Product Type:

  • Compressed Air Dryers
    • Refrigeration Dryers
    • Desiccant or Adsorption Dryers
    • Deliquescent Dryers
    • Membrane Dryers
  • Compressed Air Filters
    • Particulate Filters
    • Coalescing Filters
    • Compressed Intake Filters
    • Activated Carbon filters

By Industry:

  • Automotive
  • Oil & Gas
  • Chemicals
  • Food & Beverages
  • Electronics
  • Others

Key Regions Covered:

  • North America
    • United States
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Japan
  • Asia Pacific Excluding Japan
    • China
    • India
    • Malaysia
    • Singapore
    • Australia
    • Rest of Asia Pacific Excluding Japan (APEJ)
  • The Middle East and Africa
    • GCC Countries
    • Israel
    • South Africa
    • The Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube