Europe Currently Leads The Global Market For Heavy Duty Heat Pumps. Sales In Europe Will Be Over 33.0% Of Total Demand Throughout The Forecast Period

The global heavy duty heat pump market is expected to undergo notable growth in the upcoming years. The market is projected to expand at a 2.5% CAGR through 2031. The estimated market growth will likely remain constant or presumably increase owing to the rise in demand for heating and cooling each year all over the world. Heavy-duty heat pumps provide heating and cooling service on a large basis.

For instance, residential parks, commercial buildings, district heating and cooling, data centers, etc., industrial and CHPCs get all their heating and cooling needs met by the application of these heavy duty heat pumps.  Air source heat pumps, geothermal heat pumps, and absorption heat pumps are some of the types of heavy duty heat pumps- all of which contribute to the growth of the heavy duty heat pump market during the forecast period.

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Heavy-duty heat pumps are gaining high utilization in residential, commercial, and industrial industries. These pumps also find usage in CHPCs because of their ability to provide a smooth uninterrupted supply of heating and cooling. Aside from the commercial sector, the district cooling and heating sector are also counted as a prime growth driver of the heavy duty heat pump market as they generate growing demand for hybrid and ground source heavy duty heat pumps. In addition to this, strategies adopted by major market players also aid the target market growth.

“Rising adoption of heavy duty heat pumps in CHPCs and district heating and cooling industry will propel the global growth of the heavy duty heat pump market over the forecast period,” says an FMI analyst.  

Key Takeaways:

  • Rising heating and cooling needs all over the world stimulate market opportunities.
  • High requirements for the target product due to weather conditions drive the heavy duty heat pump market growth in China.
  • Air conditioning and heating needs in GCC countries will offer lucrative opportunities to the market.
  • By refrigeration types, natural refrigerants like CO2 and ammonia will gain traction during the forecast period.
  • On the basis of the power range, 10-20 MW will witness high demand.

Competitive Landscape 

Thermax Ltd, Star Refrigeration, GEA Group, MAN Energy Solutions, Oilon OY, Siemens Energy, Johnson Controls, Friotherm AG, Engie Refrigeration GmbH, Daikin Industries, Enertech AB, and Mitsubishi Heavy Industries among others are some of the major players in the heavy duty heat pump market profiled in the full version of the report.

Key market players are concentrating on competitive price offerings, enhancing product performance and efficiency to cater to market demands. These enterprises are employing tactics such as increasing research and development activities via strategic partnerships and collaborations to launch innovative products in the market. Further, setting up sales and service facilities in emerging facilities along with long-term partnerships with regional distributors also helps these market players to expand their reach.

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Heavy Duty Heat Pump Market

By Type

  • Air-water Heat Pump
  • Air-air Heat Pump
  • Ground Source Heat Pump
  • Hybrid Heat Pump

By Power Source

  • Electric
  • Gas Driven

By System Type

  • Air Source Heat Pump
  • Geothermal Heat Pump
  • Absorption Heat Pump

By Refrigerant Type

  • HFC
  • CO2
  • Ammonia
  • Hydrocarbons
  • Others

By Power Range

  • 5 to 10MW
  • 10 to 20MW
  • 20 to 40MW

By End User

  • Residential
  • Commercial
  • Industrial
  • CHPCs

By Region

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

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Table of Content

1. Executive Summary

1.1. Market  Outlook

1.2. Demand Side Trends

1.3. Supply Side Trends

1.4. Technology Roadmap

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. DCH Market Growth

4.2. CHP & Data Center Cooling Systems Market Growth

4.3. Commercial Refrigeration Market growth

5. Global Heat Pumps  Market Demand Analysis 2016–2020 and Forecast, 2021–2031

5.1. Historical Market Volume (‘000 units) Analysis, 2016–2020

5.2. Current and Future Market Volume (‘000 units) Projections, 2021–2031

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Positive Displacement Pump Market Size – The global positive displacement pumps market is expected to garner a market value of US$ 13.78 Billion in 2022 and is expected to accumulate a market value of US$ 21 Billion by registering a CAGR of 4.3% in the forecast period 2022-2032.

Below 30 Hp Centrifugal Water Pump Market Share – The below 30 Hp centrifugal water pump market is anticipated to increase, from US$ 37.1 million in 2022 to US$ 68.95 million in 2032.

Combined Heat and Power (CHP) Systems Market Trends – The global combined heat and power (CHP) systems market is anticipated to be valued at US$ 28,412.4 Million in 2022, forecast to grow at a CAGR of 4.7% to be valued at US$ 45,123.5 Million from 2022 to 2032.

Heat Pumps Market Sales – Future Market Insights (FMI) has estimated the Heat Pumps Market to grow with a year-on-year growth of 3.6% in 2022 reaching a value of about US$ 33,156 Mn by 2022 end.

Water Source Heat Pump Market Demand – In 2022, the global water source heat pump market is likely to hold a value share of US$ 945 Million. With a CAGR of 4.5%, the market is projected at US$ 1,464 Million during the forecast period from 2022 to 2032.

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Laser Cutting Machine Market In U.S. Is Expected To Hold More Than 75% Of The North American Market By 2032 And Is Estimated To Grow With A CAGR Of 5.1%

According to Future Market Insights analysis, the Global Laser Cutting Machine Market is expected to reach US$ 3,386.4 Mn in 2022, growing at a CAGR of 5.8% from 2022 to 2032. Laser cutting has emerged as a versatile, cost-effective method that delivers extremely high precision as compared to conventional cutting methods for many applications.

Laser-cutting machines have applications in many industries, such as automotive, aerospace, ceramics, metal cutting, defence, semiconductors, glass, ceramics, paper, etc. This product helps to cut material without creating heat or any mechanical stress. The accuracy, productivity, and efficiency of laser cutting machines are preferable as compared to other cutting machines. Because they are so well suited to mass production processes, highly complex and specialized components are typically preferred for many industries.

As it can cut items more quickly than a waterjet cutting machine, laser cutting is a more cost-effective choice. These are the driving forces behind the market’s expansion, making it more stable in the years to come.

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Key Takeaways of Laser Cutting Machine Market Study

  • The value of mechanized Laser Cutting Machines is projected to increase at a value CAGR of 5.8% to reach around US$ 5,974.1 Mn by the end of 2032.
  • In terms of End Use, Automotive and Transportation are anticipated to create an absolute dollar opportunity worth US$ 805.6 Mn.
  • In the Global Laser Cutting Machine market, fibre-based technology in Laser Cutting Machines is projected to account for more than 60% share by the end of the forecast period owing to its demand which is increasing in day-to-day applications
  • By Region, East Asia is anticipated to account for more than 25% of the market share in terms of volume by the end of 2032 and is expected to remain dominant throughout the forecast period.

“Adoption of technologies for improving machines and customer-centric product offerings are the key trends paving the way for futuristic growth for the Laser Cutting Machine market,” says Future Market insights analyst

Competitive Landscape

The market is fragmented among the market participants, accounting for market share ranging from 30% to 40% of market revenue in 2021. Prominent players in the market aim to concentrate on diversifying their product lines with technologically advanced products to gain a prominent share in the market and offer significant efficiency and better output to their customers.

The TRUMPF, Bystronic DNE, Hans Laser, HSG Laser, Amada Co. Ltd., and Coherent, Inc. are a few of the market’s major participants.

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More Insights into the Laser Cutting Machine Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the Global Laser Cutting Machine market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022-to 2032. To understand the global market potential, growth, and scope, the market is segmented based on Technology, mode of operation, end-use and by region.

Key Segments Covered in Laser Cutting Machine Industry Analysis

Laser Cutting Machine Market by Technology:

  • Gas Based
  • Solid State
  • Fibre Based

Laser Cutting Machine Market by Mode of Operation:

  • Mechanized
  • Manual

Laser Cutting Machine Market by End Use:

  • Automotive and Transportation
  • Consumer Electronics and Appliances
  • Electrical and Heavy Machinery
  • Metal Fabrication
  • Other Industrial

Laser Cutting Machine Market by Country:

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

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About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across the manufacturing sector and distinctive analysis of the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry.

We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing and identifying new revenue prospects.

Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape

Absorbent Glass Mat (AGM) Battery Market Size  – The global absorbent glass mat (AGM) battery market was worth US$ 11 Billion in 2021 and is anticipated to increase 5.3% year on year to US$ 11.2 Billion in 2022.

Electric Motors Market Size – The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021

Industrial Robots Market Size – Increases the need for automation to increase its competitiveness which increases the demand for industrial robots market. Thus, U.S. is expected to hold 40% market share for industrial robots in 2022.

Industrial Robotics Market Size – On account of this, the sales of industrial robotics are expected to rise at a remarkable CAGR of 19.2% over the forecast period 2022-2028.

Lead Acid Battery Market Size – Demand in the U.S. lead acid battery market is expected to rise at above 4% CAGR over the forecast period. The U.S. has emerged as a lucrative market for lead acid batteries in terms of both production and consumption.

Commercial Refrigeration Equipment Market Size – Commercial refrigeration equipment market analysis across regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) has been discussed in detail in this research survey by FMI.

Ductless Heating & Cooling Systems Market Size – The global ductless heating & cooling systems market size was estimated to be worth around US$ 98 Billion in 2021 and is forecast to grow at a robust CAGR of 8% between 2022 and 2032, reaching around US$ 228 Billion by 2032.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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According To The Study, The U.S. Is Expected To Be The Largest Market In North America And Reach US$ 40.4 Bn By 2031 – Future Market Insights, Inc

In 2021, the electric motor market is expected to grow annually (YoY) by 4.2% and reach 1.2 billion units. According to the report, demand for AC motors increased by 5.1% to 837 million units in 2021, while demand for DC motors will increase by 2.2% to 339 million units.

The electric motors market however registered a moderate decline in its sales volume in FY2020 due to the unforeseen COVID-19 pandemic. Demand from major end-use industries like automotive, oil & gas, and other waned. Contrary to this, sections of the medical sector were not affected due to an increase in demand amid the adoption of COVID-19 precautionary measures.

Demand for alternating current (AC) electric motors has been steadily increasing. This can be attributed to the operating advantage linked with it, its prime advantage is its speed torque characteristics which have raised the application for electric motors in various end uses, owing to which the AC electric motors have secured a prominent share in the global Electric motors market.

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The growing requirement for pumping applications from agriculture, water treatment plants, the oil & gas sector and other industries is expected to drive the electric motors market in the forecast period. An increasing number of players are focusing on research and development related to electric motors, which is anticipated to contribute towards market growth in the years to come.

“The electric Motors market is anticipated to grow at a strong pace driven largely by increasing demand for innovative and energy-efficient products across industries. Raising automation and digitalization in various end-use sectors are key factors fuelling the demand for electric motors. Industry participants are investing in expansions, strategic alliances, and cost-effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

Big Is The Opportunity For Electric Motor Market In The U.S.

North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the U.S. is expected to be the largest market in North America and reach US$ 40.4 Bn by 2031.

The United States’ highly developed end-use sectors are supporting the electric motor market growth. Overall industrial spending grew at a rate of about 4.6 percent in 2019 than overall economic growth of 4.0 percent in the United States calculated by Gross Domestic Product (GDP), according to CMS’ Office of the Actuary estimates.

Furthermore, the U.S. is home to the technically advanced industrial sector in the world, making it a lucrative market for electric motor manufacturers, as it exhibits high demand for robotics and automation for industrial as well as residential applications.

Demand for Electric Motor Increasing in China

Demand in the China market is expected to rise at nearly 5.5% CAGR over the forecast period. China’s Industrial sector is backed by a well-developed infrastructure and it is largely supported by the government. It is not surprising that China has the most elevated level of expenditure across the globe.

As per the report, China is recognized as a primary market and it is expected to continue exhibiting high demand for electric motors through the forecast period. Moreover, rising research activities, the presence of several major players, and the growing electric vehicle and Industrial sector are creating attractive opportunities for the electric motor market in the country.

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Electric Motor Market Competitive Landscape

Companies operating in Electric Motor Market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product manufacturing capacity and address the demand of an expanding consumer pool.

  • For instance, In, On January 24, 2019 Bosch assumed full control of of EM-motive, one of Europe’s most successful manufacturers of electric motors.
  • On August 3rd, 2021, Nidec Corporation acquired stocks of Mitsubishi Heavy Industries Machine Tool Co., Ltd. and announced an outline for its new subsidiaries.

Manufacturers are also focusing on the expansion of their product portfolio to maintain high customer base across the globe

  • For instance, On 5 Feb, 2021 Johnson Electric Launches Low Voltage DC Motor Solutions for Smart Furniture. The LVDC motor solutions are designed for actuators used in smart recliners, height adjustable desks, hospital beds and other smart furniture products.
  • On February 16th, 2021 Regal announced a collaboration with Rexnord’s PMC segment to create world-class power transmission technology.

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Absorbent Glass Mat (AGM) Battery Market Size  – The global absorbent glass mat (AGM) battery market was worth US$ 11 Billion in 2021 and is anticipated to increase 5.3% year on year to US$ 11.2 Billion in 2022.

Electric Motors Market Size – The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to total 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021

Industrial Robots Market Size – Increases the need for automation to increase its competitiveness which increases the demand for industrial robots market. Thus, U.S. is expected to hold 40% market share for industrial robots in 2022.

Industrial Robotics Market Size – On account of this, the sales of industrial robotics are expected to rise at a remarkable CAGR of 19.2% over the forecast period 2022-2028.

Lead Acid Battery Market Size – Demand in the U.S. lead acid battery market is expected to rise at above 4% CAGR over the forecast period. The U.S. has emerged as a lucrative market for lead acid batteries in terms of both production and consumption.

Commercial Refrigeration Equipment Market Size – Commercial refrigeration equipment market analysis across regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) has been discussed in detail in this research survey by FMI.

Ductless Heating & Cooling Systems Market Size – The global ductless heating & cooling systems market size was estimated to be worth around US$ 98 Billion in 2021 and is forecast to grow at a robust CAGR of 8% between 2022 and 2032, reaching around US$ 228 Billion by 2032.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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Cryogenic Valves Market to reach a valuation of US$ 5,523.5 Mn by 2032, Evolving Opportunities with Larsen & Toubro Ltd & Parker Hannifin Corp. – FMI

The market for cryogenic valves is expected to reach US$ 3,457.4 Mn in value in 2022 and expand at a CAGR of 4.8% from 2022 to 2032. By 2032, its value is anticipated to reach US$ 5,523.5 Mn. The development of new technologies and increasing investments in gas-based power plants are also set to push the market globally. Moreover, the expansion of the food & beverage and chemical sectors in the Asia Pacific is creating new opportunities for market players.

Besides, growth can be attributed to the ongoing expansion of the industrial and healthcare sectors worldwide. Increasing demand for cryogenic gases such as LNG and liquid helium in rockets is likely to augur well for the global market.

Also, MRI machines require cryogenic cooling, while the food sector needs to store large quantities of food, which would aid growth. The increasing development of green energy worldwide is also expected to drive growth.

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Moreover, increasing demand for energy across the globe is likely to aid the global market. Governments of various emerging economies are taking several initiatives to accelerate power production and develop their infrastructures.

As per the India Brand Equity Foundation (IBEF), by 2022, the country is likely to become the world’s third-largest construction market. India is estimated to need investments worth US$ 777.73 Billion across infrastructure for sustainable development by 2022. These factors are projected to help the global market to grow at a rapid pace.

Key Takeaways from Market Study

  • By valve type, the gate valves segment is expected to grow at a CAGR of 9%during the forecast period.
  • By gas, the LNG gas segment is anticipated to dominate the market and account for about 1/3rd of the share.
  • By end use, the power & energy segment is projected to lead the cryogenic valves market and create an absolute dollar opportunity worth US$ 128.8 Mn during the forecast period.
  • In terms of region, sales of cryogenic valves in South Asia & Pacific are estimated to exhibit a CAGR of 0%.
  • The China cryogenic valves market is estimated to grow at a CAGR of 7%in the assessment period.

“Increasing implementation of stringent regulations for emission control in the power generation sector and rising adoption of refrigeration systems in the F&B sector are creating new growth opportunities for cryogenic valve manufacturers,” says a Future Market Insights analyst.

Competitive Landscape: Cryogenic Valves Market

Some of the key players in the global market are Flowserve Corp., Heroes, Emerson Electric, L&T, Samson, Cryocomp, Habonim, Parker Hannafin, Bray Corp., Velan, Weir Group, Powell Valves LTD., BAC, Kitz Corporation, Mack Valves, YPS Valves Ltd, and OMB Valves SpA among others. Manufacturers are strategically collaborating with technology partners for maintaining strong relations. They are also looking forward to helping the oil and gas industry by providing technologically advanced products.

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Get More Insights on the Cryogenic Valves Market

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

Key Segments Covered in Cryogenic Valves Market Analysis

By Valve Type:

  • Globe Valve
  • Gate Valve
  • Check Valve
  • Ball Valve
  • Others

By Gas Type:

  • Nitrogen
  • LNG
  • Oxygen
  • Hydrogen
  • Liquid Petroleum
  • Ethylene

By End Use:

  • Food & Beverage
  • Healthcare
  • Chemicals
  • Energy & Power
  • Others

By Region:

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

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About the Industrial Automation Division at FMI

The industrial automation division of FMI offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sectors and distinctive analysis about the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing and identifying new revenue prospects.

Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape

Commercial Refrigeration Equipment Market Demand – With sales of commercial refrigeration equipment enjoying Y-o-Y growth of 3.9% in 2022, the market is expected to be worth US$ 51.8 Bn by the end of the year.

Industrial Robots Market Size – FMI projects the global industrial robots market to expand at a 12% value CAGR by 2032, China is expected to account for 45% of the total Industrial Robots in 2022.

Industrial Robotics Market Growth – As per Future Market Insights (FMI),  sales in the global industrial robotics market are expected to total US$ 33.75 Bn by 2022, rising at a CAGR of 19.2% during the forecast period 2022-2028.

Agricultural Equipment Market Forecast – With the increasing growth of the farm mechanization, coupled with the increase in investments by OEMs for Agricultural Equipment, the overall demand for agricultural equipment market is projected to grow at a CAGR of 4.8% between 2022 and 2032, totaling around US$ 108.86 Billion by 2032.

Industrial Air Compressor Market Value –  The global industrial air compressor market is expected to be valued at US$ 33.3Billion in 2022. With the increasing use in end-use industries the demand for industrial air compressors is projected to grow at a CAGR of 3.8% between 2022 and 2032, totaling around US$46.6 Billion by 2032.

Solar Invertor Market Demand – The Global Solar Inverter Market Size is forecast to grow year-on-year by 5.0% in 2022, reaching a valuation of about US$ 11 Bn in 2022. Increasing adoption of renewable energy sources for residential and commercial spaces is expected to fuel solar inverter sales at a 6% CAGR over the forecast period.

Warehouse Robotics Market Trend –  Demand in the global warehouse robotics market is projected to surpass US$ 5 Bn in 2022, growing at an impressive 13% CAGR over the forecast period. Growing trend of industrialization and the introduction of industry 4.0 is expected to drive the market. Against this backdrop, the market valuation is anticipated to reach over US$ 9.5 Bn in 2032.

Metal Recycling Equipment Market CAGR – Driven by the growing concerns regarding metal waste management and using recycled products, the demand for metal recycling equipment is projected to rise at a CAGR of around 6% to 7% CAGR during the forecast period 2022-2032.

Sirens Market Demand – The sirens market is likely to secure a valuation of US$ 170.1 Million in 2022. The sirens market is estimated to reach a value of US$ 244.0 Million by 2032 with a CAGR of 3.7% by 2032.

Material Handling Equipment Market Growth – According to FMI, the worldwide material handling equipment market is expected to grow at a 6.7% CAGR between 2022 and 2032, reaching a valuation of US$ 52,342.6 Million.

Laser Cutting Machine Market Size – According to Future Market Insights (FMI), between 2022 and 2032, the Global market for Laser Cutting Machine will grow at a CAGR of 5.8%, reaching a valuation of US$ 5,974.1 Mn in 2032.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

Contact Us:

Future Market Insights, Inc

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By 2032, The United States Is Anticipated To Control More Than 75% Of The North America Pressure Regulating Valves Market And To Expand At A CAGR Of 5.1%

According to Future Market Insights analysis, the North America Pressure Regulating Valves Market is indicated to reach US$ 782.9 Mn in 2022, rising at a CAGR of 5.1% from 2022 to 2032. The growing population in the North American region and the rising need for expanding residential construction are some of the primary factors that have witnessed growth during the historical years of the study.

The consumer’s perspective on the devices is evolving due to increasing awareness of the maintenance of piping systems and water conservation activities. The PRV should not only be able to regulate the flow but also incur lower maintenance costs on behalf of the consumers. Looking at such trends the vendors are emphasizing laying investments in research and development initiatives and, hence, coming up with technologies and advanced products that can scale up to the consumer’s expectations.

Simultaneously, innovating products is the need of the time and, likewise, to maintain & increase market share, vendors have to keep searching for ways of updating the existing technology, which will make the market more stable in terms of growth.

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Key Takeaways of Pressure Regulating Valves Market Study

  • The value of the direct operating Pressure Regulating Valves is projected to increase at a value CAGR of 5.0% to reach around US$ 772.5 Mn by the end of 2032.
  • In terms of End Use, Apartments and condominiums are anticipated to create an absolute dollar opportunity worth US$ 295.4 Mn.
  • In the North America Pressure Regulating Valves market, Up to 2’’ inlet pressure type is projected to account for more than 50% share by the end of the forecast period owing to its high range of valuations.
  • By Country, the U.S. is anticipated to account for more than 80% of the market share by the end of 2032 and is expected to remain dominant throughout the forecast period.

“The growing residential construction sector and strict energy-efficiency regulations in the North American region owing to the increasing population is expected to accelerate the market growth of Pressure Regulating Valves,” says Future Market insights analyst

Competitive Landscape

The market is concentrated, with top players accounting for market share ranging from 55% to 65% of market revenue in 2021. Prominent players in the market aim to be recognized as a leader in operational excellence to offer innovative products to end users with applied product standards in order to gain a prominent share in the market.

The Danfoss A/S, Watts Water Technologies, Inc., and Resideo Technologies Inc. are a few of the market’s major participants.

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More Insights into the Pressure Regulating Valves Market Report

In its latest report, Future Market Insights offers an unbiased analysis of the North America Pressure Regulating Valves market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on valve type, inlet pressure, diameter, by end-use and by country.

About Future Market Insights – Industrial Automation

The Industrial Automation division of Future Market Insights offers a novel approach and innovative perspective in analyzing the industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across the manufacturing sector and distinctive analysis about the installed base, consumables, replacement, and USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustaining, growing and identifying new revenue prospects.

Key Segments Covered in Pressure Regulating Valves Industry Analysis

Pressure Regulating Valves Market by Valve Type:

  • Direct Acting
  • Pilot Operated

Pressure Regulating Valves Market by Inlet Pressure:

  • Up to 10 bar
  • 10 to 15 bar
  • 15 to 20 bar
  • Above 20 bar

Pressure Regulating Valves Market by Diameter:

  • 3/8″
  • 1/2″
  • 3/4″
  • 1″
  • 1 ¼”
  • Up to 2″

Pressure Regulating Valves Market by End Use:

  • Apartments & Condominiums
  • Townhouses
  • Villas

Pressure Regulating Valves Market by Country:

  • U.S.
  • North East U.S.
  • South U.S.
  • Midwest U.S.
  • West U.S.
  • Canada

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Absorbent Glass Mat (AGM) Battery Market Demand  – The global absorbent glass mat (AGM) battery market was worth US$ 11 Billion in 2021 and is anticipated to increase 5.3% year on year to US$ 11.2 Billion in 2022.

Electric Motors Market Growth – The Electric Motor Market to exhibit year-on-year (YoY) growth of 4.2% in 2021 to a total of 1.2 billion units. As per the report, demand in the DC motors segment will grow by 2.2% to 339 million units in 2021

Industrial Robots Market Demand – Increases the need for automation to increase its competitiveness which increases the demand for the industrial robots market. Thus, the U.S. is expected to hold a 40% market share for industrial robots in 2022.

Industrial Robotics Market Share – On account of this, the sales of industrial robotics are expected to rise at a remarkable CAGR of 19.2% over the forecast period 2022-2028.

Lead Acid Battery Market Value – Over the forecast period, demand is anticipated to grow at a rate greater than 4% CAGR. In terms of both production and consumption, the U.S. has turned out to be a lucrative market for lead-acid batteries.

Commercial Refrigeration Equipment Market CAGR – Commercial refrigeration equipment market analysis across regions such as North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa (MEA) has been discussed in detail in this research survey by FMI.

Ductless Heating & Cooling Systems Market Size – The global ductless heating & cooling systems market size was estimated to be worth around US$ 98 Billion in 2021 and is forecast to grow at a robust CAGR of 8% between 2022 and 2032, reaching around US$ 228 Billion by 2032.

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Instrument Cleaners and Detergents Market | Metrex Research LLC, Ruhof Corporation, Case Medical Inc., Certol International LLC | By 2032

Sales of Instrument Cleaners and Detergents Market are anticipated to total US$ 2.4 million 2032, the market for instrument cleansers and detergents is anticipated to expand at a 4.7% CAGR.

Increase in incidence of hospital-acquired infections is enabling growth in the instrument cleaners and detergents market, which is expected to reach US$ 2.02 Bn in 2021. The market is projected to register growth at a positive pace between 2021 and 2031, driven by the increasing occurrence of hospital-acquired infections (HAIs).

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Hospital-acquired infections have emerged as a key health concern, influencing patient recovery that has a significant effect on mortality recorded worldwide. In addition, the increase in the occurrence of surgical site infections is expected to drive the market.

Hospitals utilize various medical instruments during the course of treatment and diagnosis of the patients. These medical instruments ought to be disinfected and cleaned on daily basis which requires the detergents and cleaners.

Apart from this, rising cases of chronic diseases, growing overall population, and improving medical care awareness among general people are some of the primary reasons driving the instrument cleaners and detergents market.

Spurred by favorable trends, some of the leading pharmaceutical companies are focusing on expanding their product scope across various distribution channels. Currently, the market can be broadly categorized into cleaners and detergents in terms of products. Of these, detergents are forecast to account for over 73% of sales in the market by 2031.

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Rising demand from hospitals and various other healthcare institutions will remain a chief growth driver. Amid COVID-19 outbreak, focus on sanitization is at all-time high. This has caused the sales of instrument cleaners and detergents to soar as well.

Key Takeaways from Instrument Cleaners and Detergents Market Study

  • Instrument cleaners and detergents market will register 4.1% CAGR between 2021 and 2031, thanks to higher focus on curbing the incidence of infection in healthcare institutions
  • Demand from hospitals will continue rising. Hospitals are likely to emerge as dominant end user and reach a market value of US$ 1.1 Bn by 2031
  • The U.S. is the most lucrative market in the global instrument cleaners and detergents market and is expected to grow at a CAGR of 4.4% between 2021 and 2031
  • After a period of positive growth, the demand will drop slightly in the U.K. In 2021, the U.K. market is expected to register 3.7% y-o-y growth
  • China and Japan are likely to dominate sales registered in East Asia

Key Participant Insights

The instrument cleaners and detergents market is set to expand in the forecast period, as a result of rising prevalence of various infectious diseases, and growing investment in RandD. Some of the leading companies are actively engaging into acquisitions and expansion in order to enhance their product portfolio and outreach. The key market players covered by FMI include Metrex Research, LLC , Ruhof Corporation, Case Medical, Inc., Certol International LLC, Dr. Weigert, Biotrol, ORO Clean Chemie AG, Medalkan, STERIS Plc, Getinge Group, Ecolab Inc., 3M Co., Cantel Medical Corporation, EQT (Schülke and Mayr GmbH), Fortive Corporation (Advanced Sterilization Products) and Medline Industries, Inc.

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Who is Winning?

Some of the leading players operating in the market are concentrating on rising acquisitions at territorial levels. The pattern is mainly seen across Europe and North America. Acquisitions offer organizations the scope to expand portfolio. It is therefore one of the key strategies adopted by the market players to strengthen their footprint. For instance:

  • In, January 2021, STERIS Plc and Cantel Medical Corp announced that STERIS has signed a definitive agreement to acquire Cantel, through a U.S. subsidiary. Cantel is a global provider of infection-prevention products and services, primarily to endoscopy and dental Customers.
  • In December 2020, CANTEL MEDICAL CORP. and Censis Technologies announced a new long-term partnership to combine Cantel’s leading infection-prevention endoscope reprocessing workflow portfolio with the surgical asset management and instrument tracking solutions from Censis.

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Key Companies Profiled

Metrex Research, LLC

Ruhof Corporation

Case Medical, Inc.

Certol International LLC

ORO Clean Chemie AG

Medalkan

STERIS Plc

Getinge Group

Ecolab Inc.

Instrument Cleaners and Detergents Market by Category

By Product Type:

Cleaners

Liquid Solutions

Foam-based Cleaners

Gel-based Cleaners

By Process Type:

Presoak

Manual cleaning

Automatic Cleaning

Disinfection

By Instrument Type:

Surgical instruments

Endoscopes

Ultrasound

Dental Instruments

Others

By End User:

Hospitals

Ambulatory Surgical Centers

Diagnostic Centers

Specialty Clinics

Others

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Pain Management Devices Market

Cell Culture Market

ePharmacy Market

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Antisense Oligonucleotides Market is estimated to amass revenue of around US$ 5,659.2 Mn by 2032 | FMI

The global Antisense Oligonucleotides Market is expected to generate US$ 5,659.2 million in revenue by 2032, up from US$ 1,921.6 million in 2022, with a CAGR of 10.3% over the forecast period.

Antisense Oligonucleotides market players – Ionis Pharmaceuticals, Inc., Sarepta Therapeutics, Biogen, Alnylam Pharmaceuticals, Inc., Antisense Therapeutics Limited among others represent the global Antisense Oligonucleotides market. The market study depicts an extensive analysis of all the players running in the Antisense Oligonucleotides market report based on distribution channels, local network, innovative launches, industrial penetration, production methods, and revenue generation. Further, the market strategies and mergers & acquisitions associated with the players are enclosed in the Antisense Oligonucleotides market report.

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Future Market Insights, in its latest business report, elaborates on the current situation of the global Antisense Oligonucleotides market in terms of volume, value, production, and consumption. The report scrutinizes the market into various segments, end uses, regions, and players on the basis of demand patterns, and future prospects.

On the basis of Application, the global Antisense Oligonucleotides market study contains:

  • Basic Research
  • Genomics
  • Target Validation
  • Drug Discovery

On the basis of indication, the global Antisense Oligonucleotides market report covers the key segments, such as

  • Ocular Diseases
  • Cancer
  • Diabetes
  • Amyotrophic Lateral Sclerosis (ALS)
  • Duchenne Muscular Dystrophy
  • Spinal Muscular Atrophy
  • Others

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What key insights does the Antisense Oligonucleotides market research provide?

  • Historical and current year revenue of related Antisense Oligonucleotides market players analyzed at the regional level.
  • One by one company profile of prominent stakeholders.
  • Analysis of the Antisense Oligonucleotides market size on the basis of product type and end-use type.
  • Accurate Antisense Oligonucleotides market forecast in terms of value and volume in numbers and percentages.
  • Demand prospect of each segment covered in the report.

The Antisense Oligonucleotides market research gets rid of the following queries:

  1. How the market for Antisense Oligonucleotidess is expected to shape in the coming ten years?
  2. What strategies are the Antisense Oligonucleotides market vendors implementing to stay ahead of their rivals?
  3. Why are consumers shifting towards alternative Antisense Oligonucleotides products?
  4. What innovative technologies are the Antisense Oligonucleotides players using to get an edge over their rivals?
  5. What are the restraints affecting the growth of the global Antisense Oligonucleotides market?

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The Antisense Oligonucleotides market study considers the following years to project the overall market growth:

  • History Year: 2014 – 2018
  • Base Year: 2018
  • Estimated Year: 2019
  • Forecast Year: 2019 – 2029

Why choose Future Market Insights?

  • Modern technologies, such as artificial intelligence, to provide updated industry trends.
  • Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective.
  • Interaction with research scientists and development heads to understand the nature of the market more precisely.
  • Three-step quality check process – Data collection, triangulation, and validation.
  • 24/7 availability of services.

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Explore FMI’s Extensive ongoing Coverage on Healthcare Domain:

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
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The Demand for Industrial Fuel Filters Market is Growing due to Providing Engine Safety during the Forecast Period 2022 -32

The market for industrial fuel filters is anticipated to generate US$ 476.8 million in 2022 and US$ 784.3 million by 2032. A CAGR of 5.1% is anticipated for the market during the forecast period. Prior to that, from 2016 to 2017, the historical market had a 4.5% return.

In recent years, the use of industrial fuel filters has grown due to the rise in electric vehicles and advanced automation. Additionally, rising emissions standards and increased production are driving the recent growth of the market for industrial fuel filters. However, despite having a higher CAGR during the forecast period, the market is expanding at a moderate rate.

The need for industrial fuel filters is growing as indoor air quality and machinery effectiveness is improved. Industrial fuel filters are increasingly being used by end-use industries because they clean the fuel supply. Additionally, fuel filters get rid of dust components like rust, pollen, and liquid droplets. In addition to cleaning, it improves efficiency and enhances engine performance.

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Industrial Fuel Filters Market is Surging by Improving Engine Performance

The demand for industrial fuel filters is growing due to providing engine safety during the forecast period. Moreover, types of industrial fuel filters such as metal cartridge fuel filters, fuel injection filters, spin-on fuel filters, and metal-free filters are likely to increase the demand by end-users requirement during the forecast period. In addition, rising awareness related to environmental concerns and government initiative policies is driving the industrial fuel filter market growth in recent years.

The market is divided into types, which are further subdivided into chemicals, oil & gas, and marine. Over the course of the forecast period, the oil and gas sector is anticipated to rule the market. Increasing environmental regulation and increasing technology in the industry boosted the market during the forecast period. It improves the oil & gas quality are likely to accelerate the demand for oil & gas during the forecast period.

Regional Insights:

During the forecast period, North America is likely to secure 24% of the share. The market will grow during the forecast period as a result of new technology and rising vehicle production. Moreover, manufacturing is anticipated to boom in the market by investing in various automotive, and industrial fuel filters during the forecast period in the region.

Rapid industrialization and the government’s strict policy on air pollution make the Asia Pacific one of the fastest-growing industrial fuel filters market during the forecast period. The shifting of industries towards the region has observed exponential growth of industrial activities, which results in enormous emissions of pollutants. This ultimately increases the demand for industrial fuel filters, acquiring higher CAGR in the region.

Competitive Landscape:

The market is fragmented by the presence of prominent players globally during the forecast period. These players are launching and developing new products and focusing on the consumer’s demand as per their requirements. Some common marketing strategies are acquisitions, product launches, collaborations, and mergers.

  • The Mann+Hummel Group
  • Donaldson Company, Inc.
  • MAHLE GmbH
  • Clarcor Inc.
  • AC Delco Inc.
  • Ahlstrom Corporation
  • Cummins Inc.
  • Sogefi SpA
  • Denso Corporation
  • Hengst Se & Co. Kg
  • GUD Holdings Limited
  • Ryco filters
  • Advanced Filtration Systems

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Poor gas mileage, erratic performance, and in some cases a complete engine shutdown are the effects of a damaged industrial fuel filter. An engine suffers significant wear and tear from even the minimal particles. The growing demand for long drain intervals associated with industrial fuel filters is expected to hinder the growth of the industrial fuel filter market.

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Absorbent Glass Mat (AGM) Battery Market Demand – North America is anticipated to lead the global absorbent glass mat battery market during the forecast period. The market is likely to garner US$ 6 Billion while exhibiting a CAGR of 4.5% from 2022 to 2032.

Solar Inverter Market Trends –  U.S. is predicted to expand at a  5.2% CAGR. The development of new and innovative products by manufacturers operating in the U.S. will augment the growth in the market. According to the study, total sales in the U.S. market will reach US$ 2.7 Bn by the end of 2032.

Warehouse Robotics Market Forecast – Demand in the Asia Pacific warehouse robotics market is projected to surge at a 15.2% CAGR over the assessment period, estimates FMI.

Asia Pacific Metal Recycling Equipment Market – Asia Pacific excluding Japan is anticipated to emerge as the most lucrative market for metal recycling equipment during the forecast period 2022-2032, reveals FMI.

Sirens Market Value – The North American region is the second-largest market with a share of 22% in 2022. The high infrastructure, security solutions, and better use of sirens during defence are leading to an increase in the sirens market during the forecast period.

Material Handling Equipment Market Forecast – The global demand for material handling equipment is projected to increase at a CAGR of 6.5% during the forecast period between 2022 and 2032, reaching a total of US$ 52,342.6 Million in 2032, according to a report from Future Market Insights (FMI).

Non-Destructive Testing Equipment Market Size – North America is dominating and contributing the leading shares to the non-destructive testing equipment market in terms of revenue and is expected to register a significant growth over a forecast period due to the increasing market competition.

Mobile Substations Market Growth –  The mobile substation market is projected to be worth US$ 934.7 million in 2022. With an expected CAGR of 7.2%,

Laser Cutting Machine Market Size – According to Future Market Insights (FMI), between 2022 and 2032, the Global market for Laser Cutting Machine will grow at a CAGR of 5.8%, reaching a valuation of US$ 5,974.1 Mn in 2032.

Wood Chipper Market Demand – The global wood chipper market size reached US$ 418.2 Mn in 2021 and it is likely to surpass a valuation of US$ 430.4 Mn by the end of 2022.

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Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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By 2032, It Is Anticipated That North America Will Hold A Share Of 21.3% Of The Global Dry Washer Market – Future Market Insights, Inc

During the anticipated period, the dry washer market experienced a CAGR of 2.6%. By 2022, the market is expected to be worth US$ 342.1 million, and by 2032, it’s expected to be worth US$ 442.2 million. In the dry washer market, the historical CAGR (2016–2021) was estimated at 1.7%.

Given that it is typically used for gold mining and is most common in dry, remote areas, the use of a dry washer is likely to grow. Dry washers also effectively separate gold from waste gravel by using air, vibration, and static electricity.

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During the anticipated period, there would be a substantial demand for dry washers in such desert and remote areas of the southern hemisphere because these regions are those where water is expensive, difficult to get, or unavailable.

What are the Main Determinants in the Dry Washer Market?

Drivers

The expanding human population and developing global water shortage problems are anticipated to be the primary market growth drivers. During the projection period, the expanding mining sector is also anticipated to add to the increased demand for dry washers.

Opportunity

In the upcoming years, it is anticipated that the dry washer market would experience considerable expansion due to the rising possibility of gold mining in arid and water-scarce areas. The need for dry washers is anticipated to increase as precious metals like gold are predicted to see an increase in demand due to the rise in disposable income.

Challenges

One of the main problems holding back manufacturers in the dry washer market is the low efficiency of dry washers compared to regular washers. To match the overall efficiency of dry washers with that of traditional water washers, manufacturers are concentrating on creating practical solutions.

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Recent Developments in the Dry Washer

  • Royal Manufacturing LLC has developed new products, including the Royal King dry washer and Royal King Replacement screen; these are the prominent tools used in gold mining. These are exceptional products which are efficient for a better quality of work in recent years.
  • Keene Engineering has announced the latest product Mini DryWasher. It is a small and light-weighted dry washer and can trek to remote locations. This is one of the finest product machines, which can operate in dry and wet areas. The dry washer can be carried with a single hand.

Some of the market participants identified across the value chain of the global dry washer include

  • Royal Manufacturing LLC
  • Shandong Xinhai Mining Technology & Equipment Inc
  • Keene Engineering
  • Thompson Drywashers
  • Shibang Machinery Co.
  • Shanghai Zenith Minerals Co., Ltd.
  • Syntec Engineering

Key Segments

By Types of Operation:

  • Hand operated
  • Lightweight engine
  • Air-fan assemblies

By Region:

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

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Absorbent Glass Mat (AGM) Battery Market Demand – North America is anticipated to lead the global absorbent glass mat battery market during the forecast period. The market is likely to garner US$ 6 Billion while exhibiting a CAGR of 4.5% from 2022 to 2032.

Solar Inverter Market Trends –  U.S. is predicted to expand at a  5.2% CAGR. The development of new and innovative products by manufacturers operating in the U.S. will augment the growth in the market. According to the study, total sales in the U.S. market will reach US$ 2.7 Bn by the end of 2032.

Warehouse Robotics Market Forecast – Demand in the Asia Pacific warehouse robotics market is projected to surge at a 15.2% CAGR over the assessment period, estimates FMI.

Asia Pacific Metal Recycling Equipment Market – Asia Pacific excluding Japan is anticipated to emerge as the most lucrative market for metal recycling equipment during the forecast period 2022-2032, reveals FMI.

Sirens Market Value – The North American region is the second-largest market with a share of 22% in 2022. The high infrastructure, security solutions, and better use of sirens during defence are leading to an increase in the sirens market during the forecast period.

Material Handling Equipment Market Forecast – The global demand for material handling equipment is projected to increase at a CAGR of 6.5% during the forecast period between 2022 and 2032, reaching a total of US$ 52,342.6 Million in 2032, according to a report from Future Market Insights (FMI).

Non-Destructive Testing Equipment Market Size – North America is dominating and contributing the leading shares to the non-destructive testing equipment market in terms of revenue and is expected to register significant growth over a forecast period due to the increasing market competition.

Mobile Substations Market Growth –  The mobile substation market is projected to be worth US$ 934.7 million in 2022. With an expected CAGR of 7.2%,

Laser Cutting Machine Market Size – According to Future Market Insights (FMI), between 2022 and 2032, the Global market for Laser Cutting Machine will grow at a CAGR of 5.8%, reaching a valuation of US$ 5,974.1 Mn in 2032.

Wood Chipper Market Demand – The global wood chipper market size reached US$ 418.2 Mn in 2021 and it is likely to surpass a valuation of US$ 430.4 Mn by the end of 2022.

About Us

Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End Use over the next 10 years.

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The Germany Transformer Monitoring System Market Is Anticipated To Grow At A Cagr Of 7.9% Between 2022 And 2032, Says FMI

In 2022, the market for transformer monitoring systems is anticipated to be worth US$2,785.2 Mn. By the end of 2032, it is anticipated to have grown at a CAGR of 8.9%, placing a value of US$ 6,539.2 Mn.

Recent years have seen an increase in electricity consumption due to rapid urbanisation and increased industrial activity. As the world moves toward smart grids for more efficient power distribution, the demand for transformer monitoring systems is expected to rise over the forecast period. According to FMI, revenue from transformer monitoring systems will increase at a CAGR of 10.1 per cent between 2021 and 2031.

The transformer monitoring system is a process-oriented system that measures quantities such as voltage and current, estimates measurement data using an algorithm, generates trends, and monitors models. During the assessment period, the introduction of internet of things (IoT)-based smart transformer technologies will boost the market growth.

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Green transformers are gaining popularity due to their low carbon footprint and high efficiency and reliability. To monitor these new transformers retrofit installations are required. Increasing renewable energy penetration and rising sales of green transformers will accelerate the demand for retrofit transformer monitoring systems in upcoming years.

According to International Energy Agency, global electricity consumption reached 22,848 TWh in 2019. China, India, Russia, and Brazil account for more than 39% of global consumption. The rise in electricity consumption in developing countries will boost market sales over the forecast period.

Top manufacturers are striving to reduce the installation cost of the monitoring system and make them more reliable and accurate. However, unpredictability in terms of regulatory policies and strained supply chain systems are the key challenges influencing the global market for transformer monitoring systems.

Key Takeaways from FMI’s Transformer monitoring system Market Study

  • North American transformer monitoring system market will exhibit stupendous growth at 10.6% CAGR through 2031, due to rapid industrialization, and the growing necessity to upgrade monitoring systems concerning transformers in U.S. and Canada.
  • The Europe transformer monitoring system market led by Germany is forecast to grow at 7.6% CAGR during the forecast period. The rise in growth can be attributed to the rising adoption of green transformers and the presence of leading manufacturers in the region.
  • The incorporation of modern monitoring systems to tackle power outages and related issues in an urban areas will drive the demand for transformer monitoring systems in India.
  • Japan and South Korea account for 3% of the global transformer monitoring system market share in 2021. The increasing need to monitor large and complex power networks and the high demand for retrofit installation are key growth drivers in these countries.
  • By product type, the software segment is projected to surpass the market valuation of US$ 277 at a CAGR of 10.3% in 2021. Advancements in big data analytics and the introduction of the internet of things (IoT) in monitoring systems will drive the market growth of this segment.

“It will be interesting to see how modernization in electricity transmission system will influence the demand for transformer monitoring system during the forecast period. The rising necessity to upgrade monitoring systems to comply with green transformers will boost the market growth in upcoming years,” says the FMI analyst.

Prominent players operating in the transformer monitoring system market are:-

  • ABB Group
  • Siemens AG
  • General Electric
  • Mitsubishi Electric Power Products Inc.
  • Eaton Corporation
  • Hitachi Ltd.
  • Qualitrol Company LLC
  • Koncar-Electrical Engineering Institute Inc.
  • Maschinenfabrik Reinhausen GmbH (MR)
  • CETT Co., Ltd.
  • Groupe Cahors
  • Camlin Power
  • MTE Meter Test Equipment AG
  • Advanced Power Technologies LLC

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More Insights on the Transformer monitoring system Market

In its latest report, FMI offers an unbiased analysis of the global transformer monitoring system market, providing historical data from 2017 to 2027 and forecast statistics for the period of 2021-2031. To understand the global market potential, its growth, and scope, the market is segmented based on by product type (hardware and software monitoring system), by application type (dissolved gas analysis, partial discharge, bushing monitoring, cooling control, and voltage regulation system), by installation type (newly installed units and retrofit units), by end-use (power transformers, distribution transformers, and other transformers), and by region (North America, Latin America, Western Europe, Eastern Europe, the Asia Pacific excluding Japan, Japan, and the Middle East & Africa)

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Paper Moisture Meter Market Size – The global paper moisture meter market size is anticipated to reach US$ 2.1 Billion in 2022. It is expected to be valued at US$ 5.2 Billion and exhibit growth at a CAGR of 8.1% in the forecast period from 2022 to 2032.

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Metered Dose Squeeze Dispenser Market Demand – Asia Pacific is expected to witness an improvement in the metered dose squeeze dispenser market in terms of sales, due to the extensive evolution of the retail sector and the steady shift towards an innovative and useful packaging solution.

Transformer Monitoring System Market Growth – Transformer Monitoring System Market by Product Type, Installation Type, End Use, Application & Region – Forecast 2022 – 2032

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Future Market Insights (ESOMAR-certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10 years.

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