Global Zinc Oxide Market Soars: Projections Suggest a Whopping US$ 7.3 Billion Valuation by 2032, Fueled by Expanding Applications and Innovative Nanoparticle Research

Zinc Oxide Market

The global zinc oxide market size is anticipated to reach a valuation of US$ 7.3 billion by 2032, with sales growing at a positive and restored CAGR of 6.4% from 2022 to 2032. Valued at US$ 3.7 billion in 2021, the market reached US$ 3.9 billion in 2022. Historically, the market observed a sluggish CAGR of 3.3% from 2017 to 2021. Increasing application of rubber across multiple industry verticals and the growing use of zinc oxide in rubber manufacturing and in the production of cosmetics, paints, and ceramics will facilitate the growth of the zinc oxide market.

A primary growth inducer for the zinc oxide market is the use of the product in the manufacturing of rubber. The rising production volume of rubber will boost the consumption of zinc oxide as it is used as an activator for the vulcanization of rubber. This demand is further amplified due to the rising use of rubber in different industries including automotive and transportation. Rubber finds expansive application in the automotive industry for the production of items like tires, hoses, gaskets, roll coverings, crap tubes, and adhesives. Moreover, rubber is in high demand in several other industries like packaging, engineering, manufacturing, and construction, among others. Thus, the high demand for rubber spurs the demand for zinc oxide in the next few years.

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Zinc oxide witnesses greater demand as a melting point reducer in the manufacturing of ceramics. Zinc oxide nanoparticles have also emerged as a promising biomedicine candidate, especially for anticancer and antibacterial applications. These aspects have a positive impact on the sales of zinc oxide in the forthcoming years. Again, zinc oxide gains application as a catalyst in various chemical processes such as a sunscreen active ingredient in cosmetics and personal care products, and as an anti-corrosion element in paints and coatings. All of these considerations, along with others, underpin the growth of the zinc oxide market during the projection period.

Key Takeaways in Zinc Oxide Market:

  • An advancing automotive sector along with heightened demand for zinc oxide powder will aid the growth of the market in China.
  • The zinc oxide market in the US will reach US$ 1.2 billion by the end of 2032, fueled by rising ceramic production.
  • By grade, the industrial category will expand at a CAGR of 6.1% due to its superior physical and chemical properties.
  • Based on process, the indirect or French process segment will develop at a CAGR of 6.6% owing to its increasing commercial use.

Competitive Landscape in the Zinc Oxide Market

Some of the key players in the zinc oxide market profiled

  • USA Zinc
  • Rubamin
  • Zinc Oxide LLC
  • Grupo Promax
  • Weifang Longda Zinc Industry Co. Ltd.
  • Yongchang Zinc Industry Co. Ltd.
  • Pan Continental Chemical
  • J.G. Chemicals
  • Akrochem
  • ZM Silesia

Leading market players are focusing on expanding their production capacities so as to strengthen their market presence. A few of these participants also employ partnerships, collaborations, mergers, and acquisitions tactics to gain a competitive edge.

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More Insights into the Zinc Oxide Market 

In its latest report, FMI offers an unbiased analysis of the global zinc oxide market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. For a comprehensive understanding of the global market potential, growth, and scope, the market is segmented on the basis of product type, application, and region.

According to the same reports, based on segmentation, the indirect process of producing zinc oxide will retain popularity due to its use in the commercial production of zinc. This segment will grow at a CAGR of 6.6%. In terms of grade, the industrial grade will lead the market with a CAGR of 6.1%.

Based on region, the zinc oxide market in China will present impressive growth during 2022 and 2032. The consumption of zinc oxide in this country will reach a value of US$ 1.8 billion by 2032. Factors such as an advancing automotive sector, high demand for zinc oxide powder, and improving economic conditions will shape the zinc oxide market in China. Besides China, the US zinc oxide market will exhibit notable growth. The target market in this country will reach a value of 1.2 billion by 2032. This can be attributed to increasing construction and housing projects, rising industrial and infrastructure constructions, and the growing need for zinc oxide in ceramic production. Thus, China and the US will make considerable contributions to the global growth of the zinc oxide market.

Zinc Oxide Market Segmentation

By Grade:

  • Industrial
  • Pharma
  • Food

By Application:

  • Wet Chemical
  • Indirect
  • Direct

By Application:

  • Rubber
  • Ceramics
  • Chemicals
  • Cosmetics and personal care
  • Paints & Coatings
  • Pharmaceutical
  • Agricultural
  • Others

By Region:

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

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Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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Calcium Ammonium Nitrate Market Poised for 3.5% CAGR Growth, Projected to Reach US$ 5 Million by 2032

The calcium ammonium nitrate industry is expected to grow at a CAGR of 3.5%. The Forecast period runs from 2022 to 2032. At the end of the forecast period, the Calcium Ammonium Nitrate market is expected to be worth 5.0 ​​Million US Dollars. As of 2022, the industry is expected to be valued at US$ 3.3 million.

Calcium ammonium nitrate is ideal for fertigation and can be used at any time of the year. It is chemically neutral and can neutralize acidity in the soil, thereby making it suitable for any kind of soil. This product is also very economical and cost-efficient and provides the benefits of both calcium and nitrogen. These factors have been the major drivers for this market. A restraining factor for this market is urea. Urea is less expensive to produce and has higher nitrogen content than calcium ammonium nitrate.

Based on regional segmentation; the calcium ammonium nitrate capacity, production, and consumption are dominated by Russia, Western Europe, Central Europe, China and the United States. Africa and Central and South America are also large consumers. Based on end users, calcium ammonium nitrate is used extensively by farmers and by turf and ornamental solutions providers.

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Calcium ammonium nitrate provides the plant with two types of nitrogen. The first is nitrate nitrogen. Nitrate nitrogen is absorbed quickly by the plant and is suitable for quickly replenishing nitrogen, in case of nitrogen deficiency. The second type of nitrogen is ammonic nitrogen. This nitrogen is much slower in absorption. Due to which the plants have a longer-lasting nutrition system that feeds the plant for an extended period of time. The forms of nitrogen released by this product remain in the soil for the plants to feed on and they do not volatize.

Calcium Ammonium Nitrate (CAN) can be applied universally and is suitable for all crops, all seasons, soils and locations. The main components nitrate and ammonium are present in an ideal ratio and make CAN an affordable fertilizer for healthy plant growth in agriculture and horticulture. It is suitable for multiple methods of application; by drill, broadcast or through fertigation.It is used before sowing and for top dressingThe nitrate nitrogen that is available immediately after the application and absorbed in water is taken up directly by the plant and nutrient losses are almost eliminated. Calcium ammonium nitrate is a hygroscopic product and needs very low moisture to be absorbed by the plants. Additionally, it is effective in water-stressed areas where soil has low moisture. Calcium and sulphuravailable in calcium ammonium nitrate are helpful in soil reclamation.

The major players in this market are Eurochem Agro, Yara, Helm AG, ZAK S A, Pakarab Fertilizers, Bunn Fertilizer, GFS Chemicals, Inc, Barium and Chemicals, Inc, Seidler Chemical Co, Blue Line Corp, Allan Chemical Corp, Calamco, BKM Resources Inc, Del Amo Chemical Co,Nature S.A, ZimaFertiliser Co, Marneuli Agro and Agri Grow Fertilizers and Agrochemicals among others. This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

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Key Market Segments Covered in the Calcium Ammonium Nitrate Industry Report

By Application:

  • Fertilizers
  • Explosives
  • Others

By End-Use Industries:

  • Agriculture
  • Chemical Manufacturing
  • Water Treatment
  • Construction
  • Others

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Japan
  • Middle East & 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.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Bismuth Oxide’s Integral Role in Cosmetic and Food Industries Paves the Path for Market Expansion, Anticipates Steady Growth at 6.9% CAGR till 2032

The global bismuth oxide industry is set to embark on a steady growth trajectory, expanding at a 6.9% value CAGR from 2022 to 2032.

Bismuth is a chemical element that is represented using the symbol Bi. Bismuth is a pentavalent chemical that resembles chemically with antimony and arsenic. In the earth’s crust bismuth is twice as abundant as gold. Bismuth oxide is the most important industrial compound manufactured from bismuth. Elemental bismuth occurs naturally and is a free element that is 86% as dense as lead. Bismuth is a brittle metal that is silvery-white in color when produced freshly. However, bismuth turns into pink tinge mainly after its surface oxidation. Bismuth is one of the most abundantly available diamagnetic elements and thus, has one of the lowest thermal conductivity among other metals. Bismuth metal has its physical properties similar to those of tin and lead.

Bismuth oxide has a common starting point similar to bismuth chemistry. Bismuth oxide is naturally found as the mineral bismite, however, it is also obtained as a by-product from the smelting of lead ores and copper ores. Bismuth trioxide is widely used to manufacture the dragon eggs effects in fireworks as it is a major alternative for lead. Bismuth trioxide is commercially manufactured using bismuth subnitrate. Bismuth subnitrate is manufactured by dissolving bismuth in hot nitric acid. Bismuth oxide is mainly found as a heavy yellow powder. Thus, bismuth is an essential raw material used to manufacture bismuth oxide.

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Bismuth oxide has few commercial application shows ever; none of the applications use bismuth oxide on a large scale. Bismuth oxide is used as an ingredient in the pharmaceutical industry. However, the use of bismuth oxide in dental materials is slowly declining. Compounds such as bismuth oxychloride have a wide range of applications in the cosmetic industry. Bismuth oxide is used as a pigment in manufacturing paints for eye shadows, nail polishes, and hair sprays. The growing cosmetic industry is expected to boost the overall demand for bismuth market. Bismuth oxide are widely used in the manufacturing of several machinery such as automatic sprinkler systems for fires.

Bismuth oxide is used as an alternative to lead and hence, has been used in range of applications where previously lead was used. Bismuth oxide is mainly used as an alternative for lead especially in the manufacturing of bullets, shots and other ammunition. Currently, bismuth oxide is being evaluated as a lead replacement in manufacturing free machining brasses especially for plumbing applications. Owing to its low toxicity bismuth oxide is used in the manufacturing of food processing equipments and other copper processing pipes. The growing food industry is expected to drive the overall growth in the demand for bismuth market. Bismuth oxide is also used in the automobile industry.

Asia Pacific is expected to be the leading manufacturer of bismuth oxide. The presence of large-scale bismuth manufacturers in China is expected to further boost the growth of the market. North America and Europe are expected to be the major consumers of bismuth oxide. The growing awareness about the hazardous effect of lead is further expected to augment the overall growth of the market.

Hunan Jinwang Bismuth Industrial Co., Ltd, The Shepherd Chemical Company, and The Kurt J. Lesker Company are among the major participants of the bismuth oxide market. The companies are mainly focused on increasing their production capacity in order to reduce the overall demand-supply gap.

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This research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically-supported and industry-validated market data and projections with a suitable set of assumptions and methodology. It provides analysis and information by categories such as market segments, regions, product types and distribution channels.

Key Segments Covered in the Bismuth Oxide Industry Report

Form:

  • Powdered Bismuth Oxide
  • Other Bismuth Oxide Forms
  • Sintered Bismuth Oxide Pieces
  • Bismuth Oxide Granules

Application:

  • Bismuth Oxide for Optical Glasses
  • Bismuth Oxide for Fireworks
  • Bismuth Oxide for Electronic Products

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & 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.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Study Affirms Global Reach-In Freezers Market Expected to Reach US$ 3.2 Billion Valuation by 2033, Growing with a Steady 3.7% CAGR

The global reach-in freezers market was positioned to achieve a significant value of US$ 2.2 billion in 2023. This thriving market is poised for consistent expansion, fueled by an impressive compound annual growth rate (CAGR) of 3.7% projected between 2023 and 2033. By the year 2033, the reach-in freezers market envisions a noteworthy valuation of US$ 3.2 billion. This upward trajectory is intricately tied to the escalating emphasis on energy-efficient appliances, aligning seamlessly with the global initiative to reduce energy consumption and foster sustainability.

A notable catalyst for this remarkable growth is attributed to the surge in government initiatives advocating for the adoption of energy-efficient appliances. As the world addresses critical environmental concerns and endeavors to mitigate the widespread impacts of climate change, governments globally are actively implementing measures to incentivize the integration of energy-conserving technologies. Reach-in freezers, celebrated for their ability to maintain consistently low temperatures while optimizing energy usage, are strategically positioned to capitalize on the advantages of these forward-thinking governmental initiatives.

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The market is poised for significant growth in the coming years due to several factors that are driving the market. The demand for frozen foods is on the rise due to the busy lifestyle of people, which has led to an increased need for storage and preservation of these foods.

Moreover, the trend towards smaller living spaces and the rise of mobile food businesses has led to a growing demand for compact and portable reach-in freezers that offer convenience and flexibility in terms of storage and transportation.

Unveiling Technological Triumphs: Energy-Efficient Reach-In Freezers Shaping the Future

Redefining Cool: The Technological Marvels

The relentless march of technology has orchestrated a transformation in the realm of refrigeration, birthing a new era of energy-efficient and environmentally-conscious reach-in freezers. This paradigm shift, heralded by innovative minds, has sparked a fervor among consumers who yearn for sustainability without compromising on efficiency. A symphony of eco-friendliness and technological prowess is steering the trajectory of reach-in freezers towards uncharted domains.

Manufacturers’ Odyssey: Investment in R&D for Elevated Features

In the arena of refrigeration, the quest for excellence knows no bounds. Manufacturers are ensconced in a fervent exploration of research and development, ceaselessly refining the facets of reach-in freezers. This relentless pursuit of perfection is poised to ignite a conflagration of demand, as consumers anticipate the embodiment of innovation within these cooling marvels.

Efficiency Reimagined: The Energy-Efficiency Imperative

A seismic shift in consumer consciousness has fostered a new era of priorities – energy efficiency reigns supreme. A resolute march towards sustainability and reduced environmental impact has elevated the allure of reach-in freezers adorned with stellar energy efficiency ratings. A crescendo of popularity is poised to follow, as consumers champion both cutting-edge technology and conscientious consumption.

Key Takeaways from the Market Study:

  • The global reach-in freezers market was valued at US$ 2.1 billion by 2022-end.
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.4%.
  • North America is expected to hold the highest CAGR of 3.6% during the forecast period.
  • By types of freezers, the upright segment is expected to constitute a CAGR of 3.5%
  • By application, the commercial segment is expected to dominate the market with a CAGR of 3.4%.

Key Players:

  • Leer
  • Valpro
  • Trufrost
  • Traulsen
  • Summit
  • Nella
  • HOSHIZAKI Corp.
  • Grista
  • Galaxy
  • Delfield
  • Beverage Air

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Market Segmentation:

By Types of Freezers:

  • Upright
  • Chest
  • Drawer
  • Freezer

By Refrigerant Used:

  • R22
  • R410A
  • Others

By Component:

  • Compressor
    • Rotary Vane
    • Reciprocating
  • Condenser
    • Air Cooled
    • Water Cooled
    • Evaporative
  • Evaporator
    • Bar Tube
    • Plate Surface
    • Finned Tube
  • Capillary Tube

By Application:

  • Residential
  • Commercial
    • Hotels/Restaurants
    • Bakeries
    • Laboratories
    • Travel Agencies

By Region:

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

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Stated Global Open Air Merchandisers and Accessories Market to Surpass US$ 3,385.9 Million by 2033, Driving an Average 6.4% CAGR Growth

The open air merchandisers and accessories market is poised for rapid expansion, with a projected valuation of US$ 1,813.6 million in 2023. Demonstrating a robust Compound Annual Growth Rate (CAGR) of 6.4% from 2023 to 2033, as reported by Future Market Insights, the market is expected to exceed a noteworthy valuation of US$ 3,385.9 million by the end of the forecast period in 2033.

A key driver fueling this remarkable growth is the escalating demand for high-capacity devices designed to meet specialized storage needs. Notably, the healthcare sector, including hospitals and clinics, has emerged as a significant contributor to this heightened demand. These establishments require efficient and reliable solutions for storing medications and medical equipment, necessitating specific storage conditions such as temperature and humidity control. Open air merchandisers and accessories offer practical and cost-effective means to fulfill these stringent storage requirements. This market trajectory underscores its strategic importance in meeting the evolving needs of critical sectors and signifies its pivotal role in providing efficient storage solutions.

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Key Insights from the Market Analysis:

  • The global open air merchandizers and accessories market witnessed a steady growth with a Compound Annual Growth Rate (CAGR) of 5.5% from 2018 to 2022.
  • In 2022, North America emerged as the dominant region in the global open-air merchandizers and accessories market, contributing to more than 23.7% of the total revenue share.
  • Within North America, the United States (U.S.) market for open-air merchandizers and accessories is projected to demonstrate a 5.4% year-on-year growth by volume.
  • The United Kingdom is poised to lead the Western Europe market, with a forecasted Compound Annual Growth Rate (CAGR) of 6.1% over the designated period.

Further Valuable Insights Provided:

Future Market Insights presents an impartial analysis of the global open air merchandizers and accessories market, encompassing historical data spanning from 2018 to 2022 and forecasted statistics extending from 2023 to 2033.

To discern opportunities within the open air merchandizers and accessories market, the report is categorized based on installation type (counter mounted, drop in, freestanding, and under counter), refrigeration type (remote refrigeration and self-contained refrigeration), components (evaporator, compressor, condenser, thermostat, and capillary tube), and distribution channel (offline stores and online retail stores), covering five significant regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

Competitive Landscape:

Prominent players in the global market include:

Beverage-Air, Koolmore, Koldline, Delfield, Hyrda Kool, Marchia, Kool-It, Avantco Refrigeration, Micro Market, Universal.

Noteworthy Developments from Key Players:

In March 2023, Accucold, a division of Felix Storch, Inc. (FSI), expanded its range of vaccine refrigeration equipment certified to the NSF/ANSI 456 Vaccine Storage Standard. The Accucold Pharma-Vac Performance Series, available in 9 sizes, adheres to the latest standard through testing by an ANSI-accredited third-party laboratory.

In January 2023, Traulsen introduced its TF Flex Drawer under-counter refrigerator/freezer, equipped with a unique feature allowing the temperature of each drawer to be adjusted from cooling to freezing with a simple touch. Each drawer has the flexibility to operate at distinct temperature settings.

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Key Segments Profiled in the Open Air Merchandizers and Accessories Market:

By Installation Type:

  • Counter Mounted
  • Drop In
  • Freestanding
  • Under Counter

By Refrigeration Type:

  • Remote Refrigeration
  • Self-contained Refrigeration

By Components:

  • Evaporator
  • Compressor
    • Reciprocating
    • Hydrocarbon
    • Scroll
  • Condenser
  • Thermostat
  • Capillary tube

By Distribution Channel:

  • Offline Stores
    • Hypermarkets
    • Departmental Stores
    • Multi-brand Store s
    • Discount Stores
    • Specialty stores
  • Online Retail Stores

By Region

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

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

FMI Study Predicts Global Prep Refrigerators Market Set to Gear Up for US$ 12.7 Billion Revenue Mark by 2033, Driving a Steady CAGR of 4.5%

The global prep refrigerators market is poised for substantial growth, with an anticipated valuation of US$ 8.2 billion in 2023 and a notable Compound Annual Growth Rate (CAGR) of 4.5% forecasted between 2023 and 2033. Fueled by a rising demand for eco-friendly refrigeration solutions, the market is projected to achieve a significant milestone, exceeding a valuation of US$ 12.7 billion by 2033.

This impressive growth is driven by the increasing adoption of commercial kitchens, particularly within the thriving food service industry. Insights from Future Market Insights (FMI) reveal that the burgeoning food service sector, especially in emerging economies, is spurring the need for large-scale food production. This surge in food production necessitates specialized equipment, including commercial kitchens, thereby driving the demand for prep refrigerators. The market’s trajectory underscores its pivotal role in supporting sustainable practices within the food industry and emphasizes its significance in meeting the evolving needs of the global culinary landscape.

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The growth of the prep refrigerators market is also being driven by the expansion of the food service industry in emerging economies. A growing need for commercial kitchens and food storage solutions has been witnessed, as more people dine out more frequently. The need for customized and flexible refrigeration solutions that can meet the unique needs of individual businesses is also piquing the interest of food service providers in prep refrigerators.

Key Takeaways:

  • The global prep refrigerators market was valued at US$ 7.8 Billion by 2022.
  • From 2018 to 2022, the market demand expanded at a CAGR of 2.3%.
  • North America is expected to hold a dominant CAGR of 4.4% during the forecast period.
  • By type, combination refrigerated prep tables are expected to rise in demand at a CAGR of 4.3%.
  • By distribution channel, online retail stores are expected to dominate the market with a CAGR of 4.2%.

Competitive Landscape:

Prominent players in the prep refrigerators market are TRUE, Empura, Dover Corporation, Electrolux Professional, The Middleby Corporation, Delfield, Nella, New Air, Atosa, Beverage Air, Turbo Air, Universal, Haier Group, Hoshizaki, and Leader, among others.

Recent Developments:

  • In 2021, True Manufacturing announced the launch of a new line of glass door refrigerators and freezers that use natural refrigerants and are designed to be highly energy-efficient. The company also expanded its production facilities in Missouri to meet the growing demand for its products.
  • In 2021, Dover Corporation completed the acquisition of So-Low Environmental Equipment Co., a manufacturer of low-temperature freezers and refrigerators. The acquisition is expected to expand Dover’s product portfolio and strengthen its position in the scientific and healthcare markets.
  • In 2021, Hoshizaki Corporation announced the launch of a new line of prep refrigerators with advanced features such as remote monitoring and digital controls.

More Valuable Insights Available:

Future Market Insights offers an unbiased analysis of the global prep refrigerators market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.

To understand opportunities in the prep refrigerators market, the market is segmented on the basis of type (prep tables with doors, prep tables with drawers, and combination refrigerated prep tables), by top type (standard top, mega top, and cutting top), refrigeration method (air-cooled, cold wall, and liquid jacket), by distribution channel (offline stores, and online retail store) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).

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Key Segments Profiled:

By Type:

  • Prep Tables with Doors
  • Prep Tables with Drawers
  • Combination Refrigerated Prep Tables

By Top Type:

  • Standard Top
  • Mega Top
  • Cutting Top

By Refrigeration Method:

  • Air Cooled
  • Cold Wall
  • Liquid Jacket

By Distribution Channel:

  • Offline Stores
    • Hypermarkets
    • Departmental Stores
    • Multi-brand Stores
    • Discount Stores
    • Specialty Stores
  • Online Retail Stores

By Region:

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

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Author:

Ronak Shah (Associate Vice President at Future Market Insights) is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers’ shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Liquid Carton Packaging Market Poised to Reach US$ 11.3 Billion by 2034, Fueled by Rising Demand for Milk and Fruit Juices

The global liquid carton packaging market is projected to witness substantial growth, with an estimated value of US$ 8.8 billion in 2024, expected to rise steadily at a Compound Annual Growth Rate (CAGR) of 2.6% from 2024 to 2034, reaching US$ 11.3 billion by the end of the forecast period.

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Market Analysis:

The demand for liquid carton packaging is on the rise, driven by various factors contributing to market growth:

  • Increased Milk Consumption: Growing milk consumption among both older and younger generations, driven by awareness of its health benefits, is fueling the demand for liquid carton packaging in the dairy industry.
  • Popularity of Fruit Juices: Rising fitness trends and the increasing popularity of fruit-based juices are driving the demand for liquid carton packaging, catering to health-conscious consumers.
  • Steady Soft Drink Consumption: Despite changing beverage preferences, soft drink consumption remains steady, leading to a rise in the use of liquid carton packaging for soft drink purposes.
  • Emerging Alcoholic Drinks Market: The evolving alcoholic drinks market presents a developing avenue for the growth of the liquid carton packaging industry, particularly for securing carbonated water drinks.

Trends in Liquid Carton Packaging Market:

  • Sustainability Focus: Increasing emphasis on sustainability is driving the manufacturing of liquid carton packaging without plastic coating, aligning with eco-friendly trends.
  • Creative Designs: Liquid carton packaging is adopting bright patterns and creative designs to appeal to younger demographics, enhancing market attractiveness.
  • Expansion into Liquid Meals: Liquid carton packaging is facilitating the delivery of liquid meals to consumers, penetrating the geriatric population segment.
  • Innovations Driving Diversification: Ongoing innovations are expanding the scope of drinks available, driving growth and diversification in the liquid carton packaging market.

Key Sector: Dairy Industry:

The dairy industry is anticipated to account for the largest market share in the liquid carton packaging market, with milk consumption rising and the need for rigid packaging solutions to prevent spoilage during transportation.

With the global liquid carton packaging market poised for steady growth, stakeholders are focusing on innovative solutions to meet evolving consumer demands and sustainability goals.

Regional Outlook:

The liquid carton packaging market is witnessing significant growth across various regions, driven by unique factors specific to each market. In India, renowned as the world’s leading consumer of cow milk, the burgeoning milk sector is propelling the demand for liquid carton packaging. Moreover, the expansion of milk carton packaging beyond urban areas is broadening the market scope, indicating promising growth prospects.

Thailand, on the other hand, is experiencing an increasing focus on sustainability, driving the demand for eco-friendly liquid carton packaging solutions. Thai manufacturers are incorporating branding and aesthetic designs to attract consumers, further boosting market growth.

In China, the extensive food and beverage needs of its sizable population are sustaining the demand for liquid carton packaging. Additionally, the rise in online beverage sales is fostering market growth, reflecting the evolving consumer landscape.

South Korea’s market is being driven by a rapidly aging population and the growing trend of fitness enthusiasts adopting liquid diets, leading to increased demand for liquid food products. Furthermore, the surge in demand for carbonated drinks is contributing to the expansion of the liquid carton packaging industry in the country.

In Spain, the rising consumption of alcoholic beverages packaged in cartons is driving market growth. Additionally, the popularity of carbonated water is increasing, further fueling the demand for liquid carton packaging solutions. Overall, these regional trends underscore the diverse dynamics shaping the global liquid carton packaging market and highlight opportunities for growth in each region.

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Key Segments

By Product Type:

  • Brick Cartons
  • Gable Top Cartons
  • Shaped Cartons

By Material:

  • Uncoated Paperboard
  • Plastic Coated Paperboard
  • Aluminium Coated Paperboard

By End Use:

  • Dairy Products
  • Milk
    • Yogurt & Butter Milk
    • Cream
  • Juice & Drinks
    • Fruit Juice
    • RTD Tea & Coffee
    • Flavored Syrups
    • Carbonated Soft-Drinks
    • Energy Drinks
  • Carbonated Water
  • Other Alcoholic Beverages

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • 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.

Contact Us:       

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Analysis States Global Commercial Microwave Oven Market Valuation to Cross US$ 3,263.3 Million Mark by 2033, Driving a Steady 4.3% CAGR

The global commercial microwave ovens market is positioned for significant success in the year 2023, with an anticipated value of US$ 2,137 million. Future Market Insights projects substantial growth for this market, forecasting a steady Compound Annual Growth Rate (CAGR) of 4.3% between 2023 and 2033. This growth trajectory is expected to drive the market to an impressive valuation of approximately US$ 3,263.3 million by 2033.

Commercial kitchens, prevalent across diverse settings such as full-service and quick-service restaurants, hotels, and hospitals, are known for their intensive energy consumption. Notably, their energy consumption is approximately three times higher per square foot compared to most other types of commercial buildings. Recognizing the significance of energy costs, which constitute a substantial portion—approximately 25%-30%—of the total operating expenses for these establishments, adds a critical dimension to the market landscape.

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Emerging Trends in Microwave-Compatible Packaging and Innovations in Commercial Ovens:

The adoption of microwave-friendly packaging is on the rise, emphasizing the importance of selecting appropriate food containers for use with commercial microwave ovens. It is essential to avoid metallic elements within microwaves, as they can cause explosions during radiation heating.

Materials used for packaging ready-to-eat and on-the-go food items are evolving to be microwave-friendly. Food service establishments can utilize these containers to microwave raw foods without additional utensils, saving time.

The utilization of such products results in higher power consumption, where both wattage and usage hours impact the electricity consumed. Energy utility companies charge based on the kilowatt hours used.

New features are being integrated into commercial microwave ovens entering the global market. Both residential and commercial customers are showing interest in combi ovens, which combine grills and convection microwave functionalities. The trend is shifting towards multipurpose microwave ovens that facilitate oil-free cooking due to rising health concerns.

Key Insights:

  • The global commercial microwave ovens market reached a value of US$ 1,126.3 Million by the end of 2022.
  • Market demand grew at a Compound Annual Growth Rate (CAGR) of 3.4% from 2018 to 2022.
  • Asia-Pacific is expected to witness the highest CAGR of 4.17%.
  • North America’s microwave oven market is forecasted to achieve a CAGR of 4% during the projected period.
  • Countertop models contribute significantly to the market, projected to grow at a CAGR of 4.7% throughout the forecast period.
  • Bakeries are likely to account for the highest sales of commercial microwave ovens in the coming decade.

Competitive Landscape:

Some of the prominent players in the global market are:

  • Tuxton
  • CTDream
  • SignMission
  • Careform
  • Amana Commercial Microwaves
  • Galaxy
  • Solwave
  • Panasonic
  • Vollrath
  • Midea
  • Menu Master
  • Sentinel
  • Waring

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Key Players’ Noteworthy Developments:

In January 2023, Panasonic showcased its range of energy-efficient lifestyle products, advancements in e-mobility for electric vehicles and roadways, and initiatives for creating carbon-neutral communities at CES 2023. The company’s exhibition at CES was organized into four main areas: Park, Town, Mobility, and Home.

The booth’s design aimed to depict a more intelligent, eco-friendly, and interconnected world, illustrating Panasonic’s role in addressing matters related to personal well-being, community safety, and the sustainable future of our planet. Each section highlighted how Panasonic is contributing to transformative change aligned with its GREEN IMPACT initiative, which aims to globally reduce CO2 emissions.

Key Segments Profiled in the Commercial Microwave Ovens Market:

By Category:

  • Counter-Top Microwave Ovens
  • Over-The-Range Microwave Ovens

By Usage Type:

  • Light Duty (Upto 1200 Watts)
  • Medium Duty (1200-2000 Watts)
  • Heavy Duty (Above 2000 Watts)

By Control Type:

  • Dial
  • Touch Pad/Push Button

By Application:

  • Hotel
  • Restaurants
  • Cafes
  • Bakeries
  • Others

By Distribution channel:

  • Offline stores
    • Hypermarkets / Supermarkets
    • Multi brand store
    • Specialty store
  • Online retail store

By Regional:

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

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Author:

Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.

She has exceptional analytical skills and often brings thought leadership to the table.

Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.

Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.

Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.

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.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Study Affirms Global Extrusion Equipment Market to Surpass US$ 8,764.6 Million Mark by 2032, Driving a Steady 5.3% CAGR Growth

The global extrusion equipment market is set to witness a substantial compound annual growth rate (CAGR) of 5.3% throughout the forecast period, with a targeted valuation of US$ 8,764.6 million by 2032, showcasing significant expansion from its 2022 value of US$ 5,243.7 million.

The surge in demand for extrusion equipment across diverse industries can be attributed to several pivotal factors. A primary catalyst is the rising need for extruded products. The versatility of extrusion, facilitating the production of intricate shapes and profiles, coupled with its efficiency in large-scale manufacturing, has spurred the growing demand for extrusion equipment. Its applications span a wide spectrum of industries, encompassing food and beverages, plastics, automotive, and construction, among others.

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Extrusion Equipment Market Dynamics and Trends:

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

Extrusion Equipment Market: Regional Analysis and Outlook

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

Extrusion Equipment Market: Market Participants

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

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

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Key Segments:

By Product Type:

  • Single Screw Extruders
  • Twin Screw Extruders
  • Downstream Equipment

By Load Type:

  • Variable
  • Hydrostatic

By Press Position:

  • Horizontal
  • Vertical

By End User:

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

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Research Forecasts Global External Combustion Engine Market to Exceed US$ 889.0 Million Valuation by 2032, Driving a Steady 3.9% CAGR

The global external combustion engine market is poised to experience a robust Compound Annual Growth Rate (CAGR) of 3.9% throughout the forecast period. Initial projections suggest a market value of approximately US$ 604.3 million in 2022, with a significant ascent anticipated to achieve an estimated valuation of US$ 889.0 million by 2032.

The heightened demand for external combustion engines can be attributed to their distinctive operational principle, characterized by compressing external fuel through a heat exchanger or engine wall, facilitating combustion. This unique approach positions them as highly suitable for specific applications, setting them apart from internal combustion engines.

The upward trajectory observed in the external combustion engine market underscores the industry’s steadfast commitment to innovation and the widespread adoption of environmentally sustainable power generation solutions.

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Advancing and Constraint Factors in the External Combustion System Market:

Drivers:

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

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

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

Restraints:

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

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

Analysis of Asia Pacific External Combustion Engine Market:

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

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

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

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

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

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Key Players Profiled in Report:

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

Key Segments

By Product Type:

  • Steam Engine
  • Stirling Engine

By Application:

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

By Region:

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

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Author:

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

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

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

About Future Market Insights (FMI)

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

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube