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The market for passenger boarding bridges was valued at US$ 1.88 billion in 2021, and by the end of 2029, sales are projected to reach US$ 3.10 billion. The demand for passenger boarding bridges is being driven by the aviation industry’s rapid automation and growing emphasis on safety measures.

Between 2022 and 2029, demand in the passenger boarding bridge market is anticipated to grow at a CAGR of 8%. Manufacturers of passenger boarding bridges will see opportunities for growth as passenger travel increases, particularly between emerging economies.

Through 2022 and beyond, Europe is anticipated to be the most lucrative regional market for passenger boarding bridges, followed by North America. In 2022, the global sales of passenger boarding bridges are anticipated to increase by over 27.9% in Europe.

Market Insights (FMI), in its latest study, underlines the growth trail of passenger boarding bridge market for the foreseeable period 2022-2029. According to the report, passenger boarding bridge market witnessed sales of 1,549 units in 2021, equaling revenues worth ~US$ 600Mn. As innovation makes notable inroads in the aviation industry, manufacturers of passenger boarding bridge are under high-press to develop technologically-advanced and convenience-centric offerings.

Strong outlook of the global airport infrastructure construction, coupled with the escalating convenience expectations of passengers, is shaping the dynamics of the passenger boarding bridge market.

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Getting everyone on board in a safe and sound way has garnered increased traction of airport authorities, in line with the substantial rise in the air traffic over the years. Safety and ease have taken the center stage in every PBB development process, with companies vying to offer a win-win offering to passengers and operators, alike. It will be unsurprising to witness a large number of advanced PBBs, as market players shift their focus on development of AI-based automatic jet bridges that eliminates the need for skilled individuals, to close the gap between 10 cm.

Market players have been strategically devising approaches and investing in developing a differentiated passenger experience, to win the price war and appeal a wide pool of end-users. As automation of operational processes becomes an increasingly commonplace in the airports, it is highly likely for the market to witness substantial optimistic waves of change in the manufacturing of jet bridges.

As per the study, mobile telescopic bridges are witnessing increased traction from airlines, which led to sales of ~1,500 units in 2021, owing to their high flexibility and advanced features. An increasing number of companies have shifted their preference to mobile telescopic bridges over T-bridges, as the former can accommodate a wide range of aircrafts, while allowing easy installation as per various apron configurations.

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The study opines that as airports are increasingly shifting their objective towards providing a luxury experience to passengers, the demand for glass walled passenger boarding bridges has grown significantly.  The aesthetic aspect of glass-walled passenger boarding bridges, which lies in the fact that these bridges make the experience of boarding the aircraft less confining has been pushing their adoption across an increased number of airports. As per the study, glass walled passenger boarding bridges accounted for ~65% market volume share in 2021.

By Key Segment:

Product:

• Telescopic Bridges
• T-Bridges

Structure:

• Steel-walled
• Glass-Walled

Type:

• Fixed
• Movable

Drive System:

• Hydraulic System
• Electro-Mechanical System

Region:

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

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Developing Regions – Hotbed of Opportunities for Stakeholders 

In view of the growing lucrativeness of developing regions, such as Asia Pacific, leading players in the passenger boarding bridge market have placed their focus on securing contract for PBB supply in these countries. Asia’s proliferating commercial aviation sector has positioned the region as the largest and fastest growing market for airport infrastructure investments in the world. Several partakes have already shifted their goal coasts to Asia Pacific, and managed to obtain long-term supply contracts in the region. For instance, In September 2017, ADELTE landed in India with a contract for 12 airports, while seeking a long-term relationship to secure sales..

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In a new report, Future Industry Insights (FMI) assesses current changes in the underground mining equipment market and forecasts their impact on market growth between 2022 and 2029. According to the survey, sales of underground mining equipment of US$ 15.9 billion would be recorded in 2022. However, until 2029, the market value is expected to increase at a passive CAGR of 2.4 percent.

According to the survey, manufacturers are increasingly adopting automatic underground mining equipment to keep up with current trends in the ever-changing mining business, which will result in tech-driven revolutions in the landscape. Furthermore, strict emission regulations in the mining industry, such as controlled diesel emissions and personnel safety, are likely to spur innovations that will help the industry deal more effectively with the relentless pricing pressure and mitigate the environmental impacts of new-generation underground mining equipment.

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Advanced techniques of mining and their impacts on various socio-economic factors have been a prolonged concern worldwide. The shift of a majority of miners from surface or open pit mining to underground mining has further amplified concerns vis-a-vis human safety and the environmental impacts.

Technology is emerging as the most efficient tool for introducing enhanced features in underground mining equipment, and FMI’s study examines the influence of advancements in technologies and other microeconomic factors on the growth of the underground mining equipment landscape.

Mineworkers’ Staunch Inclination towards Hard Rock Mining Equipment

FMI’s study finds that every 7 out of 10 underground mining equipment sold in 2021 were designated to applications associated with hard rock mining platforms. Increasing demand for hard rock minerals, such as copper, gold, zinc, and lithium, in wide-ranging industries has given rise to hard rock mining activities in the mining industry. Leading players in the underground mining equipment landscape are focusing on catering to the thriving need for improved productivity in underground hard rock mines with the launch of next-generation mining equipment.

In addition, conventional hard rock mining techniques result in the release of toxic gases including carbon dioxide (CO2), and Sulphur dioxide (SO2) among others, which is triggering the adoption of electric equipment in hard rock mines. In addition, the study finds that coupling of underground mining equipment that can carry out multiple operations including parallel cutting, loading, and hauling operations are likely to witness high demand in the coming years.

Visibly Growing Preference for ‘Rental’ over New

In rough terrains such as the mining industry, constant wear and tear of mining equipment lead to high replacement rates, incurring significant depreciation costs to the end users. As large mining machinery, including underground mining equipment, come with a significantly high price tag, purchasing a new equipment creates the need for high capital investments.

A majority of miners are inclined towards purchasing used or refurbished equipment, even considering the option of renting rather than investing in new underground mining equipment. Since a majority of mining businesses are looking for reducing their initial investments, rental service providers are likely to gain traction among in the coming years.

FMI’s study finds that more than half the revenue share is accounted by rental service providers in the underground equipment market. Increasing end user preferences for rental equipment are fostering the progression of this trend in the market. A mounting number of rental service companies are offering refurbished mining equipment that are specifically tailored to suit the requirements of the underground mining sector. The FMI report also finds that leading stakeholders and investors in the underground mining equipment landscape are zooming in their strategic focus on providing rental service packages to suit changing needs of their customers, regarding the inventory of equipment.

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The commercial refrigeration compressor market was estimated by Future Market Insights (FMI) to be worth US$ 8,567.6 Mn in 2022 and to grow at a CAGR of 4.3 percent to US$ 13,090.8 Mn by 2032. Over the projected period, it is expected that the use of natural and energy-efficient refrigerants will continue to rise.

The global demand for commercial refrigeration compressors is expected to show promising growth, with a value CAGR of higher than 4% over 2022-2029. An increase in food & beverage production, along with the expansion of cold chain capacities to ensure minimum wastage and efficient storage of food, is expected to increase the demand for commercial refrigeration compressors, worldwide, over the forecast period.

The market for Commercial Refrigeration Compressors is expected to grow at a promising rate during the forecast period, supported by the increasing number of retail stores across the globe. Furthermore, positive changes in living standards and improving macroeconomic scenarios have led to a significant surge in the number of organized retail stores, worldwide.

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The rapid growth of the organized retail sector characterized by the rising number of supermarkets, hypermarkets, etc., is projected to drive the growth of the overall food chain, which, in turn, is estimated to boost the sales of commercial refrigeration compressors for refrigerated display cases and other refrigeration equipment.

Commercial Refrigeration Compressors Market Analysis by Region

From a regional perspective, East Asia is projected to be a prominent market, owing to the significant growth of retail stores in the region. Europe is projected to hold a value share of around 19% in the global commercial refrigeration compressors market.

The market in Asia Pacific is anticipated to expand at a relatively high growth rate, owing to the increasing demand for refrigerated display cases, beverage vending refrigeration systems, etc., which, in turn, is projected to drive the demand for commercial refrigeration compressors in the market.

The commercial refrigeration compressors market in China is expected to be a lucrative market and is projected to grow at a value CAGR of nearly 6% during the forecast period.

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By Key Segment:

Type :

• Reciprocating
• Rotary
• Scroll
• Screw
• Centrifugal

Cooling Capacity :

• Upto 1 kW
• 2-6 kW
• 7-10 kW
• 11-15 kW
• 16-20 kW
• 21-30 kW
• 31-40 kW
• Above 40 kW

End Use :

• Transport based Refrigeration System
  • Shipping Based
  • Truck & Trailer Based
• Walk-in-Refrigerators and Freezers
• Reach-in-Refrigerators and Freezers
• Beverage Vending Refrigeration System
  • Drinking & Soda Fountains
  • Beverage Cooling & Dispensing Equipment
  • Beer Dispensing Equipment
• Refrigerated Display Cases
• Ice Machines
• Refrigerated Vending Machines

Refrigeration :

• R290
• R404A
• R410A
• R744
• R134A
• R407C
• Others (R600A, etc.)

Region :

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

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Commercial Refrigeration Compressors Market: Vendor Insights

The report highlights some of the main companies that are operating in the global commercial refrigeration compressors market, such as Emerson Electric Co., HUAYI COMPRESSOR CO., LTD., Mitsubishi Electric Corporation, LG Electronics, Inc., The Danfoss Group, Panasonic Corporation, BITZER SE, GEA Group AG, Frascold S.p.A., Fusheng Co., Ltd., Nidec Corporation, Midea Group, Officine Mario Dorin S.p.A., Johnson Controls – Hitachi Air Conditioning, and Tecumseh Products Company LLC.

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In 2022, the ASEAN region’s market for safety sensors and switches is anticipated to be worth about US$891 million. The overall market is predicted to grow at an impressive CAGR of 10.2% between 2022 and 2028, reaching a valuation of US$ 1.59 Bn by 2028, as safety sensors and switches are increasingly being adopted to reduce individual and institutional damage.

Demand for better safety equipment is growing as ASEAN nations like Indonesia and Singapore experience rapid industrialization. The market is growing as safety sensors and switches are increasingly used.

With a dominant share of 34.7% in 2022, Indonesia will continue to rule the ASEAN safety sensors and switches market. The market for safety sensors and switches in Indonesia is being driven by the implementation of strict government regulations as well as the rising adoption of modern automatic technologies.

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Overview of the Safety Sensors and Switches Market Report Chapters

The safety sensors and switches market report begins with an executive summary covering the gist of the report. The executive summary highlights the ASEAN safety sensors and switches market overview in terms of value through various segments. The section also covers key supply- and demand-side trends in the ASEAN safety sensors and switches market. This section also outlines a technology roadmap with the introduction, adoption, and current developments in the safety sensors and switches market.

The next section of the safety sensors and switches market report begins with the market definition, market taxonomy, and research scope of the safety sensors and switches market.

The next section that follows in the ASEAN safety sensors and switches market report includes the macroeconomic factors, along with value chain analysis, drivers, restraints, trends, and opportunities that are having a profound rate of influence on the growth of the safety sensors and switches market. Information has been backed up with suitable examples and facts as obtained from official and authentic data credentials in the safety sensors and switches market.

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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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In 2022, sales in the global market for carbide tools are anticipated to reach US$ 7.0 Bn. By 2029, the market size is expected to reach US$ 10.7 Bn, growing at a healthy 7.2% CAGR.

The market will be driven by the durability of machine tools and tool holders made of carbide. The edges of cutting equipment can be kept sharp with the help of carbide parting tools, which also have a longer lifespan.

Sales are expected to increase due to the widespread use of carbide lathe tools in machining applications. These tools’ distinctive qualities, such as their extended usable life, quick speed, superior wear resistance, shorter cycle times, and ability to maintain their cutting edge at high machining temperatures, will keep boosting sales.

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Mergers And Acquisitions Boosting The Carbide Tools Market?

It is anticipated that an increase in mergers and acquisitions among national and international manufacturers will bring about prosperous opportunities for manufacturers of carbide lathe tools. These tactics not only open up new untapped markets but also aid in developing novel prospects in developing markets.

For instance, Mitsubishi Materials (MMC) successfully acquired a 30% stake in the Chilean Mantoverde copper mine in February 2021 for US$ 275 million. As part of the Mantoverde Development Project, MMC is slated to participate in the construction of facilities to support the processing and extraction of sulphide ore (MVDP). The market is expected to be driven by renowned companies implementing comparable strategies.

U.K. Carbide Tools Market Exhibiting High Demand?

“Carbide Hole Cutters are Showcasing High Demand Amid Surging Adoption of New Coatings”

Leading companies’ ongoing development of a number of new products in the U.K. is expected to boost sales. According to FMI, the market for carbide tools in Europe is expected to hold 37.5% of the overall market share in 2022.

For example, in December 2021, Horn Cutting Tools Ltd. (U.K.) unveiled IG6 and SG3, two distinct high-performance coatings for carbide inserts. In contrast to uncoated inserts, these are best suited for turning applications and can increase the service life of inserts by a factor of 10 or more.

The demand for carbide hole cutters is anticipated to rise in the coming years due to the rising number of new product launches in the U.K.

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How is the U.S. Carbide Tools Market Faring?

“Acquisitions between Leading Players to Propel the Sales of Carbide Turning Tools”

The market is expected to be driven during the assessment period by the presence of numerous manufacturers in the U.S. According to FMI, the market for carbide tools in North America is anticipated to account for 14.7% of the total in 2022.

For instance, in February 2022, Elkhart-based tooling solutions provider Tooling Concepts Inc. was purchased by Peak Toolworks. The former could strengthen its presence in the Midwest with the aid of this acquisition.

In order to expand and better serve its customers who are involved in the machining and cutting of metal, composites, plastics, and wood, the company will also open a facility in Elkhart. Sales of carbide turning tools are anticipated to soar as more and more major players with U.S. bases engage in acquisitions.

What is the India Carbide Tools Market Outlook?

“Expansion of the E-commerce Sector to Fuel the Demand for Carbide Parting Tools”

Sales in the Indian market are likely to increase in the coming years as a result of growing awareness of automation in the metal fabrication sector. According to FMI, the South Asian market for carbide tools is expected to account for 12.1% of the overall market.

ToolKart unveiled its most recent online e-commerce platform for industrial buyers to choose and buy cutting tools online without hassle in July 2020. The new website will allow users to source all of their tooling needs, including both special and common cutting tools.

In light of the COVID-19 pandemic, the company wants to reduce the abundance of inexpensive cutting tools currently on the market by supporting Indian producers and facilitating contactless transactions. Therefore, it is anticipated that the growth of India’s e-commerce sales channel will be beneficial for the market for carbide parting tools.

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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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According to Future Market Insights’ most recent report, the global busbar market will grow from US$ 18,278.9 Mn in 2022 to over US$ 23,177.7 Mn by the end of 2028, registering a CAGR of 4.0%.

Expanding busbar installations in commercial buildings like hotels, research facilities, hospitals, and residential structures are anticipated to boost the market’s promising future. Over one-third of the revenue share is likely to be accounted for by Tier I producers like Schneider Electric SE, Eaton Corporation Plc, Siemens AG, and Methode Electronics.

Why Should Busbar Manufacturers Concentrate on North America?

According to a recently released report by Future Market Insights, North America dominates the world market for busbars, contributing nearly 24.4% of the market’s total revenue.

The growing use of smart grids and the demand for sustainable energy systems are driving up busbar demand, which is driving up busbar market growth throughout the region. However, the busbars’ associated complexity is limiting market expansion.

The market for busbars is also anticipated to grow in the near future due to rising electric vehicle demand.

The market size in the region is likely to grow as a result of the presence of well-known manufacturers like Electronic Systems Packaging LLC (ESP), Methode Electronics, Inc., Storm Power Components, and Suzhou West Deane Machinery.

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Will the bus industry find lucrative conditions in South Asia and the Pacific?

In terms of regional growth, South Asia and the Pacific will probably see the highest demand for busbars due to rising electricity consumption in the residential, commercial, and industrial sectors. One of the main factors driving the market growth in the South Asia & Pacific region is a significant rise in demand for reliable, uninterrupted power supply coupled with a growing adoption of renewable energy sources for power generation.

Furthermore, due to the numerous advantages of busbars, including their high reliability, cost-efficiency, environmental friendliness, ease of installation, and movable plug-in outlets, copper busbars are expected to see significant growth in the years to come. The use of busbars will also be improved by encouraging government subsidies and significant investments in grid expansion and modernization.

In order to improve energy efficiency across all commercial services, they are also implementing energy-saving programmes.

Busbars Industry Analysis’s Key Segments

The market for Busbars by Conductor Type

• Copper Busbars
• Aluminium Busbars

The market for Busbars Based on Power Rating

• Low Rating Busbars
• Medium-Rating Busbars
• High-Rating Busbars

The market for Busbars by End User:

• Residential Use of Busbars
• “Busbars for Commercial Use”
  • Hotels
  • Hospitals
  • Academics
• “Busbars for Industrial Use”
  • Chemical
  • F&B
  • Mining and metals
  • Others

The market for Busbars by Region

• North America’s Busbars Market
• Latin America’s Busbars Market
• European Busbars Market
• East Asia’s Busbars Market
• Busbars Market in South Asia and the Pacific
• The market for Busbars in the Middle East and Africa (MEA)

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Competitive Landscape

Busbar manufacturers are investing in the research and development of new adhesives with better curing properties as per changing industry standards across multiple industry verticals.

• In February 2019, Siemens presented a new form of data transmission for the BD2, LD, and LI busbar trunking systems from the Sivacon 8PS portfolio. This technology allows busbars not only to transmit current but also data. This has enhanced flexibility, transparency, and efficiency for power distribution in this digital age.
• In February 2020, ABB introduced the NeoGearTM low-voltage switchgear, which incorporates a revolutionary new laminated bus plate technology. NeoGear has ushered in a new era of looking at busbar technology in switchgear, with a 25% smaller footprint, making it an optimal solution where space is at a premium.

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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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The global dry vacuum pumps market is projected to increase from a valuation of US$ 2.25 Bn in 2022 to US$ 3.22 Bn by 2028. Dry vacuum pumps are primarily used in end-use industries, including the chemical and pharmaceutical, semiconductor, and electronics industries. In response to global warming and the ongoing need to protect the environment, there is an ongoing global push for the production of renewable energy.

An elaborate executive summary that provides a glimpse of the market’s undercurrents is included in FMI’s report on the dry vacuum pumps market. It includes succinct details on the market’s drivers, trends, challenges, competition, and regional analysis. Through alternative energy sources like solar energy, regions like North America, Europe, and the Asia Pacific are producing renewable energy.

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In addition to providing tax breaks and other incentives to encourage the production of solar energy, the governments of many nations around the world encourage private companies to produce sustainable, environmentally friendly electricity using solar and other renewable energy sources. The production of solar panels has been boosted as a result of the sudden rise in solar plants and projects around the world. This is set to fuel the demand for dry vacuum pumps, according to a recent market intelligence outlook published by Future Market Insights (FMI).

Steady and Growing Demand from the Electronics and Semiconductor Sectors to Augur Well for the Dry Vacuum Pumps Market

Growing infrastructural activities across the globe are directly favouring the demand for pumps. The electronics and semiconductor industries have witnessed rapid revenue growth over the last few years, with an increasing focus on the manufacturing of semiconductor and electronic components and equipment.

This has led to an increase in demand for dry vacuum pumps from these industries, especially in the production of microelectronics and chips. Manufacturers of semiconductor and electronic components such as Panasonic, Samsung, Meiko Electronics, Saigon Semiconductor Technology, and Taiwan Semiconductor Manufacturing Co. are setting up production plants in developing regions to benefit from cost competitiveness.

Local governments across several developing countries such as Brazil, India, and ASEAN countries are focused on increasing foreign direct investments in the manufacturing sector. This is expected to boost sales of dry vacuum pumps in the coming years.

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Opportunity Assessment of the Dry Vacuum Pumps Market

Future Market Insights has conducted an extensive opportunity assessment of the global dry vacuum pumps market for the 10 years 2018 to 2028. One of the key opportunity areas in the global market for dry vacuum pumps lies in the strategic investments being made globally across the pharmaceutical industry.

Demand for dry vacuum pumps is steadily increasing from the pharmaceutical industry in developing countries such as Indonesia, India, Brazil, and China. Further, there is a lack of local manufacturers of dry vacuum pumps in developing economies, with the top manufacturers based in Japan, the U.S, Germany, and certain other European countries.

This scenario presents lucrative growth opportunities for global manufacturers of dry vacuum pumps to establish production facilities in developing economies. Setting up bases in developing regions will help manufacturers benefit from better economies of scale, given the low production and labour costs in developing countries.

Low-cost Chinese Products and Lack of Skilled Labour in Developing Regions to Restrict Revenue Growth of the Global Dry Vacuum Pumps Market

The global market for dry vacuum pumps is disrupted by several players from China who offer products at very low prices. Owing to the increasing price pressure from these companies, leading global players are striving to offer high-quality dry vacuum pumps that are more reliable and efficient at highly competitive prices.

This price-sensitive nature of the global market is expected to restrain revenue growth in the coming years. The dry vacuum pumps markets in the Latin America and SEA regions suffer from a very high dependency on imports from other regional markets, owing to a lack of talented and experienced local vacuum technology professionals. This is leading to a stagnancy in revenue growth of the global dry vacuum pumps market to a certain extent.

Market Key Players

Some of the prominent players reported in this study of the global dry vacuum pumps market include EBARA CORPORATION, Pfeiffer Vacuum GmbH, Atlas Copco AB, Gardner Denver, Inc., ULVAC, Agilent Technologies, Becker, BUSCH and VACUUBRAND GMBH + CO KG, among others.

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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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The global industrial vacuum cleaners market is estimated at US$ 569.1 Mn by 2022 and is expected to reach US$ 771.2 Mn by 2028, at a CAGR of 5.2% from 2022 to 2028.

Currently, 20% of the world’s vacuum cleaner market is made up of sales of industrial vacuum cleaners. Over the assessment period of 2022 to 2028, pneumatic industrial vacuum cleaners are anticipated to account for about 50% of the market’s revenue.

In its recently published report on the global industrial vacuum cleaners market, Future Market Insights (FMI), a multinational market intelligence company, provides a thorough analysis of the demand-supply landscape in addition to some significant, immediately applicable insights into the category pricing analysis.

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Growing global concern towards occupational safety and health combined with stringency in regulations ensuring the same are the two critical factors likely to push industrial vacuum cleaners sales in the next few years. Although, the global industrial vacuum cleaners market is expected to expand at a steady growth rate of approximately 5.1 percent in 2019, it is estimated that post 2023.

The global industrial vacuum cleaners market may witness steep fall considering growing overall procurement expenditure arising from import tariff duties on raw materials. In terms of volume sales, approximately 90,800 Units are likely to be shipped in 2019, representing a relatively moderate CAGR during 2022-2028—the timeline considered in the scope of the study.

While, food & beverage and pharmaceutical industries will remain the two prominent large-scale end-users of industrial vacuum cleaners, demand in construction, metal working, and automotive industries will also grow at a significant rate, in the coming years. Applications of industrial vacuum cleaners in automotive segment are estimated to grow owing to strong demand from Asia Pacific region, as per the report.

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Sales May Suffer from Fluctuating Raw Materials Prices

“FMI perceives increasing prices of raw materials such as aluminum and steel as a critical market growth restrainer. Several end-use industries, specifically in developing markets are still dependent on manual cleaning equipment. The estimated cost breakdown of an industrial vacuum cleaner by components indicates that the electric or pneumatic system parts of the operation remains the highest, accounting for approximately 24 percent of the total cost of the product. The high price associated with industrial vacuum cleaners slows down the sales of the equipment. Since, utilization of industrial vacuum cleaners is based on the degree of customization incorporated in the equipment, small and medium industries prefer adopting manual cleaning equipment versus industrial vacuum cleaners”, Senior Analyst, Future Market Insights. In addition, the low adoption of industrial vacuum cleaner is mainly attributed to lack of awareness among consumers related to improper disposal of waste generated and high initial cost of the products.

Stringency in Workplace Safety Regulations to Drive Demand

Several workplace regulations demand the installation of industrial vacuum cleaners for a variety of applications—ranging from heavy blast materials, grain handling, pit cleaning to combustible dust collecting. The demand for industrial vacuum cleaners is anticipated to increase given that most deaths and injuries occur in confined work spaces, during cleaning, maintenance, and inspection procedures, as recorded by Occupational Health and Safety Administration (OSHA). In addition, in compliance with grades of dust classes, companies in the industrial vacuum cleaners landscape are manufacturing products with higher suction capabilities and improved filter designs.

Design and Technological Innovations to Drive Sales; APEJ to Offer Installation Opportunities

• Several industrial vacuum cleaners manufacturers are focusing on developing innovative products—in terms of capacity and capability. Ranging from super-sized robot industrial vacuum cleaners for airports, equipped with large-capacity canisters along with multi-brushes and motors to ‘smarter’ variants having cameras and obstacle-detecting sensitive bumpers and sensors using LIDAR (Light Detection and Ranging) and Simultaneous Localization and Mapping (SLAM) technology for effective location tracking—such advancements are predicted to increase the adoption of industrial vacuum cleaners in the coming years.
• Adoption rate of industrial vacuum cleaners is anticipated to remain promising in emerging markets of APEJ, considering shifting of production sites to low-cost facilities. APEJ will remain the most preferred center for global companies to set up manufacturing facilities, translating into faster replacement of manual cleaning equipment. GCC countries, on the other hand, are projected to restrict dependence on oil by equipping the cleaning equipment with IoT sensors.

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Insights from Segmental Analysis

• Based on the current market scenario, canister-type industrial vacuum cleaners will dominate the landscape, with approximately 55 percent market share. Better maneuverability combined with superior capacity and efficiency compared to upright and backpack makes canister-type industrial vacuum cleaners extremely versatile and capable of cleaning numerous surfaces. However, FMI foresees growing demand for the other two variants, specifically in smaller work areas.
• On the basis of mode of operation, although Electric industrial vacuum cleaners will dominate in terms of value and volume sales, with approximately 78 percent market share, Pneumatic mode type is anticipated to represent a promising demand landscape in the coming years, given its simplistic designs and higher efficiency compared to electric variants.
• Portable industrial vacuum cleaners, by system type, will remain at the forefront due to it suitability in tight spaces, versus stationary systems.
• Application of industrial vacuum cleaners for heavy duty cleaning processes will generate maximum revenue, specifically in extensive food & beverage and pharmaceutical applications. Explosion proof segment is estimated to capture around one-third of the total market value by 2028-end.

Competitive Landscape Analysis: In a nutshell, key focus remain on consolidation efforts in the highly competitive industrial vacuum cleaners market, as small and medium sized manufacturers dominate the landscape.

• Tier-1 companies, such as Alfred Kärcher GmbH & Co. KG, Nilfisk, Inc., TTI Floor Care North America, and DELFIN are expected to hold a relatively larger market revenue slice, given the expansive product portfolio and efficient distribution channels.
• Tier-2 companies, on the other hand, hold approximately 33 percent market share, showing string dominance over regional markets. Such companies include, Numatic International Ltd., G. Staehle GmbH u. Co. KG, and Ghibli & Wirbel SpA, among others.
• Key manufactures of industrial vacuum cleaners are projected to focus on price reduction, wider product offering, and long-term distribution partnerships for a stronger local presence.
• Considering substantial revenue opportunities in China, India, and SEAP, manufacturers are likely to aggressively push product in these markets through well-structured and efficient supply chain along with improved retailing network.

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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