Market Research Blog

The solar pumps market size in 2019 was valued at US$ 1 Bn. During the projected period of 2019-2029, the solar pumps market is expected to advance at a CAGR of 12%.

FMI has released a new market research study on the solar pumps market that includes global industry analysis 2014–2018 and opportunity assessment 2019–2029. The report investigates the solar pumps market and provides critical insights for the forecast period of 2019-2029. As per the study, the solar pumps market is projected to experience generous growth throughout the forecast period due to several governmental policies and regulations, and increasing dependency on renewable source of energy.

The solar pumps market is likely to cross the one billion mark in 2019, and grow notably at a CAGR of ~12% during the forecast period of 2019-2029. This growth is significantly driven by significant reduction in prices of solar pumps, solar panels, and power systems, along with the cost-effective installation process.

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South Asia to Offer New Lucrative Opportunities

South Asia is expected to show substantial upsurge in the solar pumps market owing to the high operating costs of diesel motors and non-reliable energy distribution in countries, such as India, Thailand, and Malaysia. The region accounts for a maximum number of villages, which are deprived of electricity and lag access to the grid electricity. India is expected to witness substantial growth in the solar pumps market, owing to the cost-effectiveness and operational efficiency of solar pumps.

Moreover, solar pumps reduce irrigation and electrification costs. ASEAN countries are projected to hold a significant share in the solar pumps market, on the account of increasing focus on low carbon emission in these countries. Rapid inclination of aforementioned countries towards installations of solar pumps is creating further opportunities for the market players.

Supportive Governmental Policies Propelling the Market Growth

The global solar pumps market has been segmented based on the product, capacity, applications, and regions, such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa.

• Government authorities and NGOs associated with the promotion of renewable energy have succeeded to offer greater support to solar pump buyers through banking and financial institutions to offset the market restraints of high capital cost.The organizations involved, are taking collective measures to facilitate the flow of funds into solar projects, aggregate the demand within countries, standardize asset-structuring across countries, and establish an ecosystem of financial instruments to mitigate some of the investment risks. Adding to this, the funds for research & development (R&D) are also rising, which will help commercialize models and make them available for larger public use. As a result, the solar pumps market is expected to grow notably during the forecast period.
• The solar water pumps market in India and other developing countries is primarily driven by both national and state-level government schemes addressing irrigation and rural drinking water requirements.The government offers subsidy schemes to help individuals and organizations procure these solar energy systems at reduced capital cost, which is a major driver for the marker as the cost of installing solar pumps is relatively very high when compared to the capital required for installing conventional pumps. This, in turn, is expected to drive the solar pumps market during the forecast period.
• Governments worldwide are actively encouraging the usage of solar pumps to replace diesel and electricity-based pumps to move away from non-renewable energy sources and reduce the carbon footprint, ultimately promoting climate change. Developing countries, such as India, China, Bangladesh, and Australia are expected to emerge as game changers owing to their emission pattern. This factor might lead to a positive impact on the solar pumps market growth.

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Solar Pumps Market: Vendor Insights

The report highpoints some of the prominent market players, who have established themselves as global leaders in the solar pumps market. Few examples of key players in the market are KSB SE & Co. KGaA, Kirloskar Brothers Limited, Grundfos, Franklin Electric, BW Solar (Waterboy), Shakti Pumps (India) Ltd., Stanley Black & Decker, Inc.,  Glynncorp Electrical, and Bernt Lorentz GmbH & Co. KG, among others.The global solar pumps market is significantly prominent, by some players holding prominent shares of the market. Tier-1 players are focusing on mergers, acquisitions, and joint ventures with local market players and deploying advanced 4HP and 4HP-6HP solar pumps to achieve positive traction and healthy competitive edge over its competitors.

Market Segmentation

By Capacity

• Below 4 HP
• 4-6 HP
• 6-8 HP
• Above 8 HP

By Product Type

• Submersible
• AC
• DC
• Surface
• AC
• DC

By Application

• Farming
• Irrigation
• Livestock
• Aquaculture
• Residential
• Building
• Drinking
• Commercial
• Swimming Pool
• Pond Management
• National Parks
• Industry Water Treatment

By Region

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

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The world size of dimethyl disulfide (DMDS) market is expected to be US$ 218.6 million Estimated in 2022 and expected to reach US$ 329.9 million in 2032 and tremendous growth with a CAGR of 4.2% in the forecast period.

Dimethyl Disulphide (DMDS) is an organic chemical compound with CH3SSCH3 molecular formula and (Methyldisulfanyl) methane IUPAC name. A pale yellow liquid, it is the simplest disulphide compound. DMDS is a flammable liquid and has an unpleasant odour.

The natural source of DMDS is Helicodiceros muscivorus, also known as dead-horse arum plant. Chlorination and oxidation are the important chemical reactions of DMDS.  DMDS is rich in sulphur content and gives higher sulphur per pound of reagent as compared to dimethyl sulphide.

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DMDS is widely used for the wear processes in sliding systems, and as hydrotreating and hydrocracking catalyst. It is also used as a food additive in different food flavours. Other uses of DMDS are as soil fumigants in agriculture, and as an alternative for methyl bromide in chemical industries. 

It is also a major ingredient in the production of various pesticides. In the petrochemicals industry, DMDS is used for the protection of steam-cracking coils from the formation of coke and carbon monoxide. DMDS, an effective soil fumigant improves efficacy and reduces odour issues.

For DMDS, the product labels require a Totally Impermeable Film (TIF). TIF increases retention of DMDS and the amount of chemical needed to apply reduces as compared to the application rates of other film types. 

Dimethyl Disulphide (DMDS) Market:  Drivers & Restraints 

The EPA has concluded that DMDS fumigant is unlikely to get into food crops. DMDS quickly breaks down into low toxicity or non?toxic degrades or by-products and metabolites which are further broken down such that these compounds may also be part of a normal diet. 

Strong demand from the agriculture sector will continue to fuel the growth of the global dimethyl disulphide market. The advantages of using DMDS include its exceptionally high sulphur content, low risk of premature coking by its by-products, lower decomposition temperature, making it a chemical of choice for activity testing and catalyst development. Applications in the petrochemical sector will also continue to support growth during the forecast period, 2022-2032. 

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Dimethyl Disulphide (DMDS) Market: Region-wise Overview 

Geographically, the global dimethyl disulphide (DMDS) market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan. DMDS is primarily used as a food additive in different food flavours.

Other uses of DMDS are as soil fumigants in agriculture and as an alternative for methyl bromide in chemical industries.  An additional advantage of DMDS is the methane by-product of its decomposition.

Petrochemicals and agriculture being the major areas of application, the global DMDS market has immense potential opportunity to expand at a healthy CAGR during the forecast period. As a result, APEJ, North America and Western Europe collectively account for over half of revenue share of the global dimethyl disulphide market. 

Key Segments Profiled in the Dimethyl Disulphide (DMDS) Market Survey

By End User:

• Petrochemical
• Pesticides & Fertilizers
• Oil & Gas
• Chemicals
• Food & Beverages

By Region:

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

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Dimethyl Disulphide (DMDS) Market: Key Players 

The key players in global Dimethyl Disulphide (DMDS) market are Arkema Inc., Chevron Phillips Chemical Company, Sigma-Aldrich Co. LLC., IRO GROUP INC. To name a few.  The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, accessories, and applications. 

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Tungsten Disulphide Nanoparticles Market: Tungsten disulphide is found in nature in the form of a mineral called tungstenite. Tungsten disulphide (WS2) nanoparticles are lubricious substance, which are partially soluble in acidic solutions and water.

Dimethyl Terephthalate Market: The dimethyl terephthalate market is expected to grow at a CAGR of 4.7% during the forecast period, to reach USD 1.32 billion by 2032 from USD 0.96 billion in 2022.

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The  global wood pellets market is set for astounding growth at approximately 11% CAGR through the forecast period (2021-2031). Consumers in developed countries exhibit rising dependency on renewable sources such as pellet-based fuel, thereby driving sales.

Moreover, high price point of fossil fuel is accentuating the demand for pellet-based fuel sourced primarily from wood waste, agricultural residue and forest waste. Leading manufacturers are focused on implementing compliance plans, which include dedicated biomass power plants and co-firing.

Key Takeaways of Wood Pellets Market Study

• Growing adoption of renewable energy continues to drive the sales of wood pellets.
• High combustion efficiency is the chief attribute surging the demand for wood pellets.
• Enhanced government incentive and favorable policies contribute substantially to the growth of wood pellets market.
• Europe holds a whopping 51.4% share in global wood pellets market.
• Asia Pacific to exhibit significant growth over the course of forecast period.
• Respiratory problems triggered by wood dust is stagnating the demand of wood pellets.

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Stakeholders in wood pellets market must direct massive pecuniary resources towards R&D activities for product diversification, along with capacity expansion initiatives to fortify competitive ascendancy.

Market Gains to Remain Concentrated in Europe

Europe is the leading regional market of wood pellets, in terms of consumption. Strong active presence of globally leading manufacturers in this region is giving impetus to production capacity as well. Timber and dry sawdust are predominantly preferred by manufacturers for wood pellets production.

On account of low carbon emissions, pellet-based fuel continues to gain prominence in countries such as the United Kingdom, Germany, Italy and France. Low production cost, mounting environmental concerns, and easy availability are some of the factors contributing to the growth of wood pellets market. Moreover, innovations in combustion technology and established logistics network are bolstering the wood pellets market in Europe.

Product and Cost Differentiation to Remain Strategic Focal Point for Market Leaders

Global wood pellets market is highly fragmented.  Major players profiled in this study include, but are not limited to, Georgia Biomass, LLC, Enviva Partners LP, Wood Pellet Energy (UK) LTD, Andritz AG, Energex, and Pinnacle Renewable Energy Inc. In a bid to remain prominent, industry leaders are channelling their resources towards product and cost differentiation.

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Particle density, melting point, mechanical durability, moisture and ash content continue to remain key research areas in wood pellets industry. Moreover, companies are intensifying their efforts towards developing cleaner burning fuel, as opposed to fossil fuels.

Wood Pellets Market: Segmentation

The global wood pellets market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

By Feedstock

• Forest and Wood Waste Resources
• Agricultural Residue and Waste
• Food Waste
• Virgin Lumber
• Energy Crops

By End-use Industry

• Residential/Commercial Heating
• CHP/District Heating
• Co-firing

By Region

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

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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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The study observes the intelligent pigging services market and offers thorough insights for the forecast period of 2019-2029. The intelligent pigging services market was valued at ~US$ 537 Mn in 2018 and is anticipated to expand at a CAGR of ~6% during the forecast period of 2019-2029.

According to the analysis and study done in the report, the global intelligent pigging services market is anticipated to observe prominent progress, due to high advancements in the inspection technologies.

The latest market research study by Future Market Insights on intelligent pigging services includes the global industry analysis for 2014-2018 and opportunity assessment for 2019-2029. The intelligent pigging services market has high potential to develop in regions such as North America, Eastern Europe, and the Middle East and Africa. North America and Western Europe have stringent pipeline safety regulations to protect the environment and avoid the business discontinuity, thereby potentially raising the demand for intelligent pigging services.

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Most of the regulatory authorities across the globe lay emphasis on the regular maintenance and inspection of the oil and gas pipelines. This is due to the fact that regular supply is the key to ensure stable economic growth. The original equipment manufacturers (OEMs) and vendors are constantly investing in research and development to improve the pipeline and maintenance procedures.

The advanced intelligent pigging technologies enable efficient diagnosis of flaws in the pipeline such as deformation and multi data to locate dents, corrosion and seam defects, which are being used by pipeline operators. Rapid industrialization across the globe is driving the consumption of petroleum, which will simultaneously drive the demand for intelligent pigging services.

Implementation of in-line pigging services based on MFL, UT, and EMAT technologies requires substantial capital investment, which hampers the adoption especially in developing economies such as India and ASEAN countries. According to the FMI analysis, the average pricing of intelligent pigging technologies such as MFL and UT is anticipated to increase by approximately 5%–7% on y-o-y basis over the next 10 years.

Due to this high costs involved in the intelligent pigging services, various pipeline operators opt for different alternatives, which are cost-effective as compared to smart or intelligent pigging services. This is inhibiting the growth of the intelligent pigging services market globally to some extent.

North America Region to Offer Significant Growth Opportunities for Market Players

With growing technological progression and advancements in the electronic systems over the years, various original equipment manufacturers offer smaller intelligent pigs as compared to conventionally used pigs, equipped with sophisticated and small size electronic systems. This will increase the profitability of easy maintenance of pipelines with smaller diameter.

For the global intelligent pigging services market, North America is anticipated to be a prominent region throughout the forecast period, owing to the stable growth of petroleum consumption. Increasing adoption of intelligent pigging services in Eastern Europe and the Middle East and Africa along with North America and Latin America are anticipated to provide lucrative growth opportunities for the market players.

Magnetic Flux Leakage Technology Expected to Remain Prominent

The division of the global intelligent pigging services market has been done on the basis of technology and end use along with seven regions.

• On the basis of technology, the magnetic flux leakage technology is anticipated to remain prominent in the forthcoming years. Ultrasonic test is also anticipated to project relatively high growth over the forecast period.

• The ultrasonic test technology has noteworthy benefits where a transducer emits an ultrasonic sound that travels in the pipeline wall. The thickness of the wall is determined by calculating the time consumed for an echo of the ultrasonic sound to return to the sensors. Pigs, which are based on UT technology, require a liquid medium in order to travel through the pipeline.

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Intelligent Pigging Services Market: Segmentation

Technology

• Magnetic Flux Leakage
• Ultrasonic Test

End Use

• Oil
• Gas

Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East and Africa

Intelligent Pigging Services Market: Vendor Insights

The global intelligent pigging services report highlights on some of the major industry players in the global market. Some of the examples of key players in the market are T.D. Williamson, Inc., LIN SCAN, GE Oil and Gas (PII Pipeline Solutions), Baker Hughes Incorporated, Enduro Pipeline Services Inc., NDT Global, OMV Group, Petrobras, Royal Dutch Shell PLC,and ConocoPhillips,among others.

About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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The global personal fitness trainer market size is expected to be worth US$ 39,740.0 Mn in 2022, rising to US$ 63,800 Mn by 2032. The demand for personal fitness trainer services is expected to grow at a CAGR of 4.8% between 2022 and 2032.

Due to the growing popularity of personal fitness trainers who provide one-on-one individual workout sessions that include in-depth physical education and motivation to achieve fitness, the personal fitness trainer market share is expected to expand rapidly during 2022-2032. Most personal fitness trainer certification organizations require a professional fitness trainer to possess sufficient skills such as lifestyle and health, chronic disease, exercise programming, and nutritional advice.

Adoption of personal fitness trainer services is being driven by increased health awareness, more disposable money in developing countries, and the attractiveness of physical fitness activities. Furthermore, a growing per capita disposable income and a declining unemployment rate are driving up demand for personal fitness trainers.

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Despite stiff competition from other fitness trainers, the personal fitness trainer market share is expected to grow throughout the forecast period. Furthermore, rising obesity rates have encouraged fitness programmes to encourage people to be more physically active, hence increasing the adoption of personal fitness trainer services.

Personal fitness trainer market growth, on the other hand, is anticipated to be constrained since personal development is closely linked to discretionary expenditure. Furthermore, due to the high turnover in this field, long-term opportunities for personal fitness trainers may be difficult, impacting demand for personal fitness trainers during the projection period.

Key Takeaways from Personal Fitness Trainer Market

• With a 29% share in 2022, the United States dominates the personal fitness trainer market. The growing number of million-dollar homes, which has led to an increase in the building of home gyms, is predicted to increase demand for personal fitness trainers.
• The Asia Pacific region is anticipated to have a significant presence in the global personal fitness trainer market.
• In 2022, Europe is estimated to capture more than 25% of the personal fitness trainer industry. Europe’s personal fitness trainer market is predicted to grow fast due to its high per capita income.
• The global personal fitness trainer market is likely to be led by the exercise instruction Segment.
• The personal fitness trainer market is led by health and fitness facilities in terms of end use industry. Due to increased health concerns, consumers have become more interested in exercise activities.

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“A surge in consumer interest and purchasing power creates great opportunities for key players in the personal fitness trainer market, especially as personal wellness expenditure rises.” –  FMI Analyst

Competition Landscape in the Personal Fitness Trainer Market 

A surge in consumer interest and purchasing power presents enormous opportunity for key players in the personal fitness trainer business, especially as personal wellness expenditure rises. Simultaneously, the personal fitness trainer industry is getting increasingly crowded, needing a strategic approach to where and how organisations compete.

GYMGUYZ, Golds Gym, and Virtuagym are some of the major participants in the personal fitness trainer market.

A potential business plan investigates opportunities to increase one’s position in the personal fitness trainer ecosystem. Any acquisition must have a clear strategic reason and make sense in light of the acquirer’s existing equity, skill set, and competencies under this technique.

Recent Developments in the Personal Fitness Trainer Market:

• Icecat, an Amsterdam-based technology firm that invests in innovative technology firms, has made a new €3 million investment in Virtuagym, a global workout technology supplier.
• Core Health & Fitness, a market leader in commercial fitness products, has announced a collaboration with BodyWorld Plymouth, a newly renamed Nautilus Trusted Strength Centre.
• With the acquisition of Mirror, Lululemon gained a digital offering to supplement its core fitness-apparel business. It has also experimented with nutrition, mindfulness, and exercise programmes in stores through studios and community-based courses.
• Eugenio Pallisco, a personal trainer in Texas and online, is excited to announce the debut of his new website.

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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com