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As per Future Market Insights (FMI) analysis, the Europe water pumps market is projected to be valued at ~US$ 11.4 Bn in 2021, expanding at a CAGR of ~3.6% over the forecast period of 2021-2031.

Pump manufacturing is a thriving industry driven by both small and large enterprises in Europe. These end-use sectors are confronting rising energy conservation demand as well as far-reaching environmental issues in the fight against climate change.

Water and wastewater treatment has been the most receptive sector among the various industrial verticals in terms of adoption, with significant expenditures made and planned towards facility modernization, which includes asset monitoring and integration of industrial internet of things (IIOT).

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Several organizations have been actively upgrading their water treatment plants with smart pumps. As a next step, companies have planned to invest in IIoT based solutions that helps to acquire and interpret the data generated from these assets with power of algorithms and machine learning capabilities that aids to predict failures, increase productivity and drive innovation. However the degree of investment in IIOT is largely governed by the water sector’s legal framework.

Key Takeaways of Water Pumps Market Study

1. As per Future Market Insights, Germany, U.K. and Russia are key markets accounting for nearly half of water pumps sales in the Europe market value share in 2021.
2. The Water Pumps market in U.K. is expected to rise at nearly 2.8% CAGR over the forecast period. Overseas customers prefer manufacturing and engineering expertise of U.K. over other countries.
3. The value share of 2 HP water pumps is more than one-fourth of the Europe market. These high pressure pumps are used in agriculture and irrigation applications, easy to operate, can be suitable for potable purposes as well as the robustness and durability makes it preferred choice among the end-users.
4. Water pumps market is a highly consolidated with the top players holding nearly 65-70% of water pumps sales within Europe.

“Studies and research have been conducted in recent years to offer improved energy-efficiency in water pumps. Energy and environmental concerns can provide an excellent foundation for pump application innovation and European pump manufacturers are leading the way in this field. EU legislation has mandated minimum energy efficiency requirements for clean water pumps and circulators, which is expected to positively affect the market growth,” says a Future Market Insights analyst.

During the forecast period, water pumps market is expected to be aggressively driven by automation. With the positive influence from industry 4.0 and the rising implications of quality management systems to enhance efficiency of operations and reduction of error rate, there will be surge in sales of Water Pumps and manufacturers are likely to generate higher revenues from Water Pumps.

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Key Europe Water Pumps Market Segments Covered

By Capacity:

• Upto 2HP
• 2-5 HP
• 5-10 HP
• 10-15 HP
• 15-20 HP
• 20-30 HP
• Above 30 HP

By Product Type:

• Centrifugal Pump
  • Single Stage
  • Multi Stage
  • Axial & Mixed Flow
  • Submersible
  • Circulator
• Positive Displacement
  • Reciprocating
  • Rotary

By End Use Sector:

• Centrifugal Pump
  • Domestic
  • Agriculture & Irrigation
  • Mining
  • Water & Wastewater
  • Oil & Gas
  • Other Industrial
• Positive Displacement
  • Oil & Gas
  • Chemical
  • Water & Wastewater
  • Pulp & Paper
  • Power
  • Other Industrial

By Country:

• Germany
• Italy
• France
• U.K.
• Spain
• BENELUX
• Russia
• Poland
• Rest of Europe

Competitive Landscape

The market for Water Pumps in Europe is extremely consolidated, with the top players accounting for over 65-70% of the market in 2020. These market participants are vying to expand their geographic footprints by targeting new markets in European countries. They are integrating IOT enabled technology to track the runtime and optimize equipment efficiency. Some of the key players in the market include tier-1 companies such as Xylem Inc, Grundfos, Flowserve Corporation, Andritz Group, Ebara Corporation, KSB AG, Sulzer Ltd, Gormann Rupp, Franklin Electric and ITT Inc

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According to the latest Future Market Insights (FMI) analysis, sales in the gas protected substation market are expected to top US$12.5 Bn by 2021. The growth outlook remains positive as the market is assessed to register a 5.7% CAGR between 2021 and 2031.

FMI has identified General Electric, Hitachi Ltd., ABB, Infosys, SIEMENS AG, and Mitsubishi Electric Corporation as leading players in the gas insulated substation market. The top ten market players are expected to account for nearly half of the demand registered through the forecast period.

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Key Takeaways of Global Gas Insulated Substation Market Study

• Indoor based installed units are estimated to gain close to two-thirds of the overall market in the forecast period. Increasing necessity for small and low maintenance power systems will favour the adoption of the system type.
• While high rated voltage units are deemed to be the leading segment, medium rated voltage unit is expected to register higher growth surpassing growth exhibited by other prototypes owing to demand from the manufacturing sector
• North America, Europe and East Asia have been identified as leading regional markets owing to robust investments and growth in civic infrastructure and industrialisation
• The gas-insulated substation demand in India will grow by 6.4% CAGR over the assessment period, from 2021 to 2031
• The gas-insulated substation market in China is expected to total US$2.9 Bn by 2031

Competitive Landscape

The market is highly competitive. As per FMI, tier-1 companies are estimated to occupy half of the demand in the market. The leading players are likely to pursue robust channel partner based supply chains as well as create supply chain contracts directly with end-users to customise solutions as per their requirements.

After-sales repair and maintenance programs offered by OEMs or tie-up with channel vendors are other trends witnessed in the market. Some of the key players in the market are General Electric Company, Hitachi, Ltd., ABB Ltd, Larsen & Toubro Limited, Siemens AG, Mitsubishi Electric Corporation, Eaton Corporation PLC, and Toshiba Corp, CG Power and Industrial Solutions Ltd, Schneider Electric SE., amongst others, etc.

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2016-2020 Gas Insulated Substation Market Outlook Compared to 2021-2031 Forecast

Driven by an increased focus on research and development and investment in the power generation sector, the gas insulated substation market will rise at 5.7% CAGR between 2021 and 2031 in comparison to 3.8% CAGR registered during 2016-2020.

Over the forecast period, the growing demand for small, low-maintenance power systems is expected to drive the market. In comparison to air-insulated substations, gas-insulated ones have higher efficiency and dependability.

Because gas-insulated substations require less area than their equivalents, rising per hectare land values are predicted to stimulate prospects for expansion. Due to their lower space use, these substations require 90% less area than other power plants, which enables growth in the market.

Market growth is predicted to be driven by rising energy consumption in emerging nations as a result of changing lifestyles and increasing per capita income. It is expected to gain traction in the market since it can be planted in a small space also it protects the environment using sulphur hexafluoride gas whereas Air-insulated substations are more likely to pollute the environment, whereas gas-insulated substations are more environmentally friendly.

Leading manufacturing companies are focusing on expanding their product offering and are employing omnichannel sales channels across various regional markets. To improve their revenue generation, companies are directly making contracts and proposal bidding with end-users and governments, which is helping them in revenue generation.

Rising safety concerns, reliability, and substation security are projected to fuel demand in the market in the coming years. Longer life spans and one-time investment requirements for gas insulated substations are expected to continue to drive the market.

Since the sulphur hexafluoride is a greenhouse gas, its use in substations can impact the market growth. However, its market is expected to grow at a higher rate owing to its advantages over other options.

Gas Insulated Substation Market by Category

By Basis of Installation:

• Indoor
• Outdoor

By Voltage Rating:

• Medium voltage (Up to 72.5 kV)
• High Voltage (72.5 kV – 220 kV)
• Ultra-High Voltage (220 kV – 765 kV)

By End-user:

• Power Transmission and Distribution
• Manufacturing and Processing

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According to a recent study by Future Market Insights (FMI), the cold laser therapy market is expected to witness high growth during the forecast period. Sales of cold laser therapy are set to reach US$ 165.4 Mn by 2031. This reflects a CAGR of around 4.4% over the forecast period (2021-2031).

Increasing awareness about various benefits of cold laser therapy is encouraging the adoption of cold laser or low-level laser therapy devices. Application of cold laser therapy in pain relief, treatment of musculoskeletal conditions, and nerve regeneration is increasing the sales in the market. These devices are increasingly installed in home care settings to offer relief from pain or inflammation to patients.

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Due to increasing penetration of social media, people of all age groups are becoming overtly anxious about improving their appearance. Hence, the cold laser therapy market is rapidly growing owing to the growing interest in surgically improving appearance.

According to the World Health Organization (WHO), the global population of those above 65 years of age is expected to increase from nearly 1.0 billion in 2018 to around 2.1 billion by 2050 across the world. With increasing demand from elder population as their skin is more prone to wrinkles, fine lines, flaccid skin, and other conditions, demand for cosmetic procedures is expected to surge.

Emerging nations such as India, China, Brazil, Russia, Mexico, and South Africa are offering ample of growth opportunities for cold laser therapy devices market. One of the major factor for increased growth is rising prevalence of chronic diseases in the countries. Exhibiting high demand for cold laser therapy to treat chronic pains, developing nations are likely to emerge as hotspot for cold laser therapy devices manufacturers.

Increasing research and development activities for innovation of novel technology and implementation of favorable reimbursement schemes in most developed countries is another factor fueling sales. As per the report, key manufacturers are strengthening their supply chains particularly in regions such as Asia Pacific, Latin America and Middle East & Africa. Agreements, partnerships, and collaborations have emerged as key growth strategies adopted by leading players to expand their regional expansion and product portfolio.

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For instance, in September, 2019, MedShift announced the 5-Year Strategic collaboration with BTL Aesthetics.  The partnership will boost the presence of Emsculpt® device, the first and only technology to non-invasively harness high-intensity electromagnetic energy to firm muscle for a more toned figure.

Key Takeaways from Cold Laser Therapy Market Study

• In terms of product, continuous laser devices will account for the largest market share in 2021.
• Single wavelength technology will hold the lion’s share in cold laser therapy market. The segment will account for more than 65% of total market share in 2021.
• Application of cold laser therapy devices in dermatology will generate highest revenue. As per FMI, the application is expected to account for more than 35% of value share in 2021.
• Specialty clinics are expected to be the primary end-users on the back on increasing demand for cold laser therapy for cosmetic procedures. The segment will contribute over 42% of market revenue in 2021.
• North America is expected to account for dominant 40.0% in the global market in 2021, with the U.S. spearheading growth in the region.

 “Growing demand for aesthetic cosmetic procedures and preference for non-invasive equipment have encouraged the key players to invest more in research activities to develop advanced devices. This is expected to create growth opportunities for market players, especially in East and South Asia as demand for cosmetic procedure and pain management is at all-time high,” says the FMI Analyst

Who is Winning?

Some of the leading manufacturers of cold laser therapy market are focusing on product launches,  collaborations, and expansion strategies to enhance their market presence. For instance,

• In March 2021, Good Energies Ltd developed and sold the B-Cure Laser for pain relief and launched a new media campaign in collaboration with Guerillascope for creating awareness against chronic pain.
• In November, 2020, DJO Global, Inc. announced the launch of 25W LightForce Xpi to allow clinicians to treat pain and inflammation and aid in post-activity recovery with greater accuracy, providing more consistent outcomes for patients.
• In January 2020, BTL launched a new product BTL-6000 Traction Therapy for relieving patients from pain. The company strengthened its presence in the pain management market with this launch.
• In May 2019, Theralase Technologies Inc. announced its plan to expand its photodynamic therapy technology (PDT) into China after receiving necessary regulatory approval from the country.
• In May 2019, Erchonia Corporation announced the launch of Lunula Laser in the Korean market. It was a non-thermal and non-invasive device with low-level laser technology for foot fungus.
• In January 2020, Lexington International, LLC announce the launch of its innovative product Flip 80 Laser Cap to treat pattern hair loss and stimulate hair growth

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The key market players profiled by FMI include Apira Science Inc., BioLight Technologies LLC, B-Cure laser Australia, Erchonia Corporation, Theralase Inc., THOR Photomedicine Ltd, DJO Global, Inc., BTL, Spectro Analytic Irradia AB, Photomedex.

Cold Laser Therapy Market by CategoryBy Product:

• Continuous Laser Devices
• Pulse Laser Devices
• Combination Laser Devices

By Technology:

• Single Wavelength Cold Laser Therapy Devices
• Multiple Wavelength Cold Laser Therapy Devices

By Application:

• Pain Management
• Arthritis
• Wound Healing
• Nerve Regeneration
• Dermatology
• Musculoskeletal
• Others

By End User:

• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Homecare Settings

By Region:

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

Top Related Reports:

Intracardiac Imaging Market

Photoacoustic Microscopy Market

Single-use Bioprocessing Probes and Sensors Market

Medical Chairs Market

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In 2021, the China Industrial hoses market is estimated to record 5.7% year on year growth, bucking initial scepticism about how the market would perform during a global pandemic. In China, the total demand of industrial hoses is expected to reach 548 Mn Meters by 2031.

According to the analysis by Future Market Insights (FMI), the China industrial hoses market will surpass a valuation of US$ 1.9 Bn in 2031, rising at a CAGR of 7.3%. Ultra-high pressure industrial hoses will reflect a positive growth outlook with a CAGR of 7.5% through the assessment period.
The sales of industrial hoses in China are also understood to have risen with demand from its domestic market commanding over 55% of the nation’s total sales and consumption. The export curbs are also likely to be eased in the upcoming years. The oil and gas industry is considered as one of the prominent users of industrial hoses. Crude oil and gas being corrosive in nature may erode linings and will call for regular installment of hoses, thus driving the sales of replacement units. Superior grade materials such as composites, polymers, and steel is expected to augur the sales of industrial hoses to a high degree.

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Advent of cryogenics in HVAC, industrial air separation plants, and medicine has necessitated the use of industrial hoses under extreme pressure and temperature. Steel and braided hose types have been preferred for the same. The demand is likely to be propelled by the medical and life sciences sectors incorporating cold storage systems and cryogenics.

Key Takeaways from Market Study
• China has an estimated share of 9.1% of the global industrial hoses market and close 30% of regional market consumption owing to the country’s high manufacturing output.
• Lubricant hoses to hold the lead with US$ 166.1 Mn in 2021 owing to extensive use in automotive applications.
• Plastic and polymer hoses account for over 33% of the value share in 2021, owing to cost and durability benefits.
• Energy applications to account for US$ 148 Mn in 2021, driven by investments in energy infrastructure upgrades.
• Leading provinces in China are estimated to contribute over 40% of the overall market consumption at 1.1 X of the overall CAGR.
“Transportation of critical fluids under stringent pressure regulations and demand from construction, oil and gas, and cryogenics sectors are major factors driving the demand for industrial hoses in China through 2031,” says a Future Market Insights analyst.
Industrial Hoses Market by Category
By Material:
• Plastics & Polymers
• PTFE
• PUR
• PVC
• Nylon
• Silicone
• Hybrid
• Steel
• Braiding Yarn
• Composites

By Product Type:
• Tank Water Hoses
• Gardening Hoses
• Fuel Hoses
• Diving Hoses
• Brake Hoses
• Bicycle Hydraulic Brake Hoses
• Lubricant Hoses
• Hydraulic Hoses
• Mini Hydraulic Hoses
• Pneumatic Hoses
• Cryogenic Transfer Hoses
• Gas Connection Hoses

By Pressure Intake:
• Low Pressure
• Medium Pressure
• High Pressure
• Ultra High Pressure

By Application:
• Commercial Plumbing
• Residential Plumbing
• Gardening
• Manufacturing
• Food & Beverages
• Chemicals
• Pharmaceuticals
• Others
• Cryogenics & Air Separation Plants
• Energy
• Marine Engines & Equipment
• Diving Device
• Vehicles
• Heavy Duty Trucks
• Off Road Construction & Earth Moving
Equipment
• Industrial Forklifts
• Agricultural Vehicles
• Mining Vehicles
• Fuel Tankers
• Water Tankers

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Competitive Landscape
The market is highly fragmented, with key players accounting for slightly more than one-fifth of the market share. These players are likely to invest in developing new materials and expansion of their clientele in various industries to enhance their product portfolios.
Some of the key players in this industry are Parker Hannifin Corporation, Tiger Polymer Corporation, Continental AG, Eaton Corporation, Rehau Group AG, Balflex LLC, Trelleborg AB, Kuriyama Holdings Corporation, and Qingdao Everflex Rubber & Plastic Co., Ltd. amongst others.

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Organoids Market are three-dimensional (3D) structures that resemble mammalian organs and are made from stem cells. As per a study by Future Market Insights (FMI), the global organoids market is estimated to reach US$ 44.2 Mn in 2021.

Global reverse osmosis pump market will be valued at US$ 6,077.8 Mn in 2021. The market will grow with a stable long-term projection, according to the latest insights by Future Market Insights. The report estimates the market to expand at above 8% CAGR from 2021 to 2031.

Driven by increasing applications in the oil and gas and water treatment sectors, the reverse osmosis pump market size is expected to surpass US$6.1 Bn in 2021, as per latest insights by Future Market Insights (FMI). The reverse osmosis pump demand outlook remains positive, and it is forecast to rise at a CAGR of 8.9% from 2021 to 2031.

The market exhibited an impressive 8.7% year-on-year growth between 2020 and 2021. It is projected to surpass a valuation of US$14.3 Bn by 2031. As per reverse osmosis pump market insights, sales of centrifugal pumps will remain high, accounting for over 71% of revenue generated through 2031.

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According to Future Market Insights historical analysis, the mini cranes market expanded at a CAGR of 3.3% from 2016 to 2021. Mini cranes have witnessed an impressive growth over the past few years attributing to the substantial demand from end-use industries. Surging production of mini cranes all over the globe, specially by Japanese manufacturers are expected to aid growth in the market.

Throughout the course of the projection period, spider cranes and pick-and-carry type cranes are expected to account for more than 53% and 29% of the global market share, respectively. The mini cranes are estimated to be utilized for the handling of components in remote locations where it is impossible to fit big cranes. Attributing to the aforementioned factors, the global mini cranes market at present accounts for approximately 5.0% of the share in its parent market i.e., the global mobile cranes market.

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Key Takeaways

Mini cranes are known for their small and compact structure due to which they are able to easily fit in relatively small spaces and can lift small weights. When there are lifting requirements in any area with poor access, constrained space, or obstacles, a mini crane is the best equipment for the job. Mini cranes are majorly designed to access areas where ordinary or large cranes are unable to fit or doing so would be extremely costly.

Its ever-increasing expansions have further resulted in upliftment of the market. Growing usage of mini cranes for construction & renovation, industrial maintenance, and infrastructure development work would also drive the global market. In addition to that, they are extensively utilized during the development of dams, hospitals, data storage facilities, and university campuses owing to their high convenience.

Moreover, surging popularity of entertainment venues comprising of theme parks, galleries and museums is likely to drive the global market. These venues are known to make a good use of goods lifting equipment because of the space constraints. In addition to that, investments in leisure time, especially in countries located in the Gulf region, would push the market.

Plenty of manufacturers are these days focusing on the development of rubber-tired mini cranes attributing to their interior applications within the high-rise structures and skyscrapers in GCC nations. A reasonable surge is witnessed in the demand for light lifting equipment with unique safety features that has surged at a rapid pace due to increasing need to operate in small and constrained spaces.

Despite the mini cranes market being a niche industry, substantial demand from various end users has been observed in the recent past. Attributing to its surging popularity and ability to perform well in confined spaces & compact areas, sales of mini cranes are expected to surge in the next ten years.

During the course of the forecast period, the mini cranes market is estimated to grow primarily resulting in the higher demand for commercial and residential construction activities. In addition to that, civic infrastructure projects in both developing and developed countries are expected to require mini cranes.

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Competitive Landscape

Prominent players in the market are focusing on research & development activities to efficiently introduce technologically advanced products and solutions for end user specifications, standards, and custom need. This is expected to benefit the market participants and help them to gain a competitive advantage. Key market players are strategically partnering up with regional dealers to expand their footprint in the mini cranes market. Market leaders are also concentrating on selling non-core facilities and assets to raise the money needed to pay their obligations.

More Insights into the Mini Cranes Market

In 2021, the U.S. generated about 66.3% of the North America mini cranes market share. The country comprises of a massive network of infrastructures, comprising of roads, bridges, freight rail, ports, electricity grids, and internet access, which supports the US$ 20 trillion economies. The United States of America is the strongest economy in the world owing to which, it has a wide range of end users for mini cranes.

GCC Mini Cranes Market is Estimated to Create an Absolute Dollar Opportunity of US$ 17.8 Mn During the Forecast Period of 2022-32

Mini Cranes Market Outlook by Category

By Lifting Capacity:

• Up to 1 ton
• 1 to 1.8 ton
• 2 to 2.4 ton
• 2.5 to 4.9 ton
• 5 to 10 ton
• 11 to 22 ton

By Type:

• Spider Crane
• Crawler Crane
  • Articulated
  • Telescopic
• Pick and Carry Crane

By Operation:

• Fuel Operated
• Battery Operated

By End-Use Sector:

• Industrial
  • Foundries
  • Power Plants
  • Others
• Railway Depots
• Construction
  • Residential & Commercial
  • Industrial
  • Civic Infrastructure
• Facility Management
  • Commercial
  • Industrial
• Marine
• Timber & Lumber
• Material Handling & Logistic

By Ownership:

• Direct Owned
• Rented

By Region:

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

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

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High-intensity fault currents can damage the electrical equipment and devices of the circuit and to minimize these failures and mitigate the aftereffects, switchgear or fuses are employed. Fuses need to be replaced after every disconnection in the circuit as they don’t provide re-closure functions, in such cases where setting up the circuit in its normal functioning, switchgears are employed which provide the re-closure functioning at various operating levels (High/low voltages). As the automation of process is booming across all the industries, the global switchgear market is witnessing the tremendous growth opportunities.On the basis of product types, switchgear market can be broadly categorized as conventional switchgear and modular/integrated switchgear.

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The conventional switchgear system comprises various components such as transformers, circuit breakers and dis connectors, which needs more space for installation and comparatively more costly than that of modular switch gear. To overcome these issues modular type of switchgear are used by integrating these functions into one breaking chamber of circuit breaker. With the trend of shifting from conventional switchgear to modular/integrated the global switchgear market is projected to grow with double digit CAGR.

The global switchgear market is geographically segmented into seven key regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan and Middle East & Africa.Asia-Pacific holds the major share in global switchgear market, followed by North America South America, and Europe respectively. Asia-Pacific switchgear market is expected to maintain its dominance in global switchgear market during the forecast period. Emerging countries like India and China in Asia-Pacific region are extensively up grading and installing new transmission lines and distribution networks to uphold the infrastructural developments, which is expected to be major driving factor of global switchgear market. On country level, China dominates in the global switchgear market with more than 18-20% of share. Against the dynamic economic conditions, the Eastern and Western Europe switchgear market are also expected to contribute significant amount of share in global switchgear market during the forecast period due to the increasing infrastructure development for renewable energy sources. North America switchgear market is also expected to contribute significant amount of shares during forecast period due to various factors like growing market for grid modernization, replacement of old installations along with capacity enhancement.

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On the basis of operating voltage rating, the global switchgear market is segmented into three categories which are global low voltage switchgear market, global medium voltage switchgear market and global high voltage switchgear market. Rapid growth in industrialization of small and medium scales in developing countries like China, India and developed countries like Japan is expected to be prominent countries for low and medium voltage switchgear market. In terms of market shares medium voltage switchgear market segment dominates the global switchgear market, whilst in terms of growth rate low voltage switchgear market is projected to offer double digit CAGR, higher than that of other voltage sub-segments.

The key participants in global switch gear market focus on introducing new technology and innovative products at competitive prices together with new application in order to distinguish themselves from that of the competitors. Major players reigning over the global switchgear market include Schneider Electric SA, Mitsubishi Electric Corporation, Siemens AG, ABB Ltd, Powell Industries Inc., Eaton Corporation and General Electric Company, amongst other.

Some of the recent technological developments in switchgears market such as magnetic actuation and arc-resistance technology have been undertaken by OEMs focusing upon enhancing efficiency and reliability of switchgear equipment. In future such technological up gradation will add value and spur the demand in global switchgear market.

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

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As industries look to leverage effective water treatment solutions, investments in industrial vacuum evaporation systems are expanding, with prominent end-users preferring thermal evaporators over other types.

In line with the take a look at, the marketplace is probably to develop at 6.7% CAGR through 2030, with growing consciousness on wastewater control inducing momentum. ESOMAR-certified marketplace studies firm, destiny Market Insights (FMI) has lately posted a document on the worldwide industrial vacuum evaporation systems marketplace, explicating the vital dynamics answerable for shaping boom throughout the 2022-2030 evaluation length.

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Over time, wastewater treatment and control have acquired priority, thanks to growing problems of untreated effluent discharge across freshwater bodies. With extra than eighty% of wastewater being discharged without treatment, governments have tightened policies to make sure compliance with chemical vegetation.

Key Takeaways

• The global industrial vacuum evaporation systems market was valued at US$ 2.3 Bn in 2019
• By system type, multiple effect thermal evaporators likely to account for nearly 90% share
• Demand for 1,000-2,000 liters/day capacity evaporators to exhibit credible growth until 2025
• Wastewater treatment & recycling to remain major application areas, generating over a third of global revenue
• Opportunities abound across the South Asia & Pacific region, expected to register an 8% value CAGR through 2030

“Implementation of stringent emission and effluent discharge control regulations across key regions is accelerating adoption of industrial vacuum evaporation systems, with specific emphasis on wastewater treatment across the chemical industry,” remarks the FMI analyst.

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COVID-19 Impact Analysis

The COVID-19 pandemic has induced an unprecedented impact across the global industrial manufacturing sector, severely disrupting supply chains in the wake of declining production cycles due to government-imposed lockdowns. Consequently, GDP levels have nosedived, inducing economic troughs across all countries.

A deceleration of approximately -6% has been projected for the industrial vacuum evaporation systems market through 2020. Furthermore, the UN Conference on Trade & Development estimates the global FDI levels to shrink by 5-15% due to a contraction of the manufacturing sector. Hence, recovery prospects appear quite challenging.

However, growth prospects are expected to heighten from 2021, with countries expected to ease lockdown restrictions, prompting industries to resume operations. Manufacturers have made it their top priority to secure their supply chains from further recessionary shocks by establishing strong distribution networks to avoid supply crunches.

Competitive Landscape

Prominent players operating in the global industrial vacuum evaporation systems market include

• GEA Group
• SUEZ
• Veolia
• PRAB
• BÜCHI Labortechnik AG
• GEMÜ Group
• Heidolph Instruments GmbH & CO. KG
• S.A.I.T.A SRL
• WIGGENS GmbH
• IWE SRL
• Condorchem Envitech
• ENCON Evaporators
• Eco-Techno SRL
• Sanshin Mfg. Co. Ltd.
• EYELA

These players rely on a combination of expansion and consolidation strategies to remain afloat. Some important strategies include the incorporation of advanced technologies based on artificial intelligence and automation, strategic partnerships with other industrial giants, and collaborations with industry.

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About Us

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

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