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As per Future Market Insights’ analysis, the India construction chemicals market is anticipated to reach a value of US$ 21.7 Bn by 2031 end, expanding at a CAGR of 13.6% during 2021-2031. Primary application of construction chemicals is to improve strength, durability, and workability of construction chemicals.

The robust expansion of the Indian real estate sector and increasing investments in commercial and residential construction projects will fuel the demand in the India construction chemicals market.

Commonly used construction chemicals in India includes admixtures, water proofing chemicals, adhesives and sealants, protective coatings, and asphalt additives. The demand for construction chemicals is largely driven by affordable housing residential projects, in addition to infrastructure projects initiated by the government.

Foreign direct investments are also likely to boost the sales in the country over the coming years. However, the ongoing crisis caused by COVID-19 virus, has resulted in a short-term slump of production and distribution chains in the industry.

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Raw materials required for the production of construction chemicals are manufactured by chemical companies, which experienced a downturn during the pandemic as the supply chains were disturbed due to strict lockdown restrictions.

Furthermore, the construction sector in India was highly impacted by the pandemic, as ongoing and upcoming construction projects have been delayed or cancelled.

Key Takeaways from India Construction Chemicals Market Study

• India Construction Chemicals Market will continue expanding, reaching a valuation of US$ 21,642 Mn by 2031, primarily driven by infrastructure investments.
• Water proofing and protective coatings collectively holds more than 50% of the market share in the country’s market, with impetus provided from renovation and repair applications.
• Governmental spending in the construction chemical sector has risen by approximately 1.8 times owing to the “Make in India” scheme for infrastructure and industrial development.
• North and South India account for 30% of the overall Indian construction chemicals market each, with major investments into smart city projects.
• The COVID-19 outbreak has resulted the construction industry in India coming to a standstill. As such, the construction chemicals market experienced a CAGR of -12.6% in 2020.

“The India construction chemicals market has a highly fragmented vendor landscape, which has resulted in fierce competition in the market. However, demand for construction chemicals in the country is likely to rise with increasing urbanization and subsequently rising demand for urban residential construction projects through the end of 2031,” said an analyst at FMI.

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Construction Chemicals Market Key Segments

By Product Type:

• Concrete Admixtures
  • Plasticizers (lingo, SNF, PCE)
  • Accelerators
  • Retarders
  • Air Enterainers
• Waterproofing Chemicals
  • Bitumen
  • PVC
  • EPDM
  • TPO
  • PTFE
  • Silicone
  • Acrylic Polymers
  • SBR – Styrene-butadiene
  • Cementitious Membrane
  • PU Membrane – Liquid-applied Membrane
  • Crystalline
  • Additives in Waterproofing
• Protective Coatings
  • Epoxy
  • Polyurethane
  • Acrylic
  • Alkyd
  • Polyester
  • Others
• Adhesives & Sealants
  • Adhesives
  • Sealants
• Concrete Repair Mortar
•  Plaster
• Asphalt Additives

 By Application:

• Infrastructure
• Commercial & Industrial
• Residential

Who is Winning?

The India construction chemicals market will remain fragmented due to strong presence of local players. Leading players are focusing on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Some of the key manufacturers of construction chemicals in India are BASF SE (Master builder Solutions), Pidilite Industries, The Dow Chemical Company, RPM International Inc., Mapei S.P.A., Magicrete Building Solutions pvt. Ltd., GCP Applied Technologies Inc., Akzo Novel N.V., Sika AG, Chembond Chemicals Ltd., Flowcrete India Ltd., Fosroc Holdings U.K. Limited, MC-Bauchemie, Balmer Lawries & Co. Ltd., Cera-Chem Pvt. Ltd., Choksey Chemicals Pvt. Ltd., MYK LATICRETE India, CICO Technologies Limited, Ardex Endura, KERAKOLL India Pvt. Ltd., and Saint-Gobain S.A. among others.

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

Epoxy Putty and Construction Chemicals Market: Construction chemicals are broadly used for waterproofing repairs, bonding agents, crack and expansion joint fillers, tile adhesives, retarders, plasticizers, air entraining compounds accelerators and others.

Bleaching Chemicals Market: Bleaching as a process has been used for a long time, and the various chemicals used for bleaching currently have resulted from the continuous efforts put in by scientist in the 18th century.

Asia Pacific Waterproofing Chemicals Market:  The market of waterproofing in the Asia Pacific region is projected to reach a valuation of US$ 11,568.5 Mn in 2032.  The Asia Pacific waterproofing chemicals market is expected to reach US$ 4,327.20 Mn in 2022, according to FMI, and is expected to grow at a CAGR of 8.2% from 2022 to 2032.

About FMI

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

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Demand for vibration control systems is likely to witness a revival in 2021, according to the latest edition of the study by ESOMAR-certified market research firm, Future Market Insights (FMI). The study also finds that a significant percentage of industry players are confident of growing investments in automation, a strategy stalled by COVID-19 outbreak. However, the pace of recovery is likely to be muted in 2021, with a robust recovery anticipated in 2022 onward.

As the automotive industry has grown significantly over the past years, the demand for various type of vibration control systems such as automation control, motion control, vibration control, and others has increased substantially. With vibration control system manufacturers bringing in a flurry of products, Future Market Insights (FMI) expects outlook to be bullish during the period 2021-2031

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As the key end-use industries such as mining & quarrying, food manufacturing, textiles, and others are subject to expend further, the vibration control system manufacturers are expected to witness significant demand in the future.

Key Takeaways

• High demand for anti-vibration cylinders likely to be witnessed
• Original Equipment Manufacturers (OEM) continue to be preferred by end-users
• Rise in requirement from transportation industry to fuel sales of vibration control systems
• Sales in US will be nearly 50% of global demand
• China remains a strong market in APAC
• Sales in Japan and South Korea expected to recover steadily

“With rise in requirement from end-users with fast-paced growth, vibration control system manufacturers are projected to witness significant opportunities. Surge in demand for vibration control system will propel the growth while this segment will hold nearly 30% of the market share,” says an FMI analyst.

Automotive Industry Outlook Key to Future Sales

As vibration control is of utmost importance in automotive industry, the steady growth in this industry is raising the demand for it further around the globe. According to the European Commission (EC), the automotive industry is crucial for Europe’s prosperity, representing 8.5% of European Union (EU) employment in manufacturing, while the turnover generated by the automotive industry in Europe represents over 7% of EU GDP.

According to the Select USA, the U.S. automotive industry is expanding steadily, while in 2018, the additional exports of automotive parts were valued at US$ 88.5 billion. As stated by the United States Auto Alliance, of the US$ 105 billion spent on R&D globally, almost a fifth (US$ 18 billion) was spent in the U.S. in 2018. As these rates are forecast to increase further, the players in the vibration control system industry are set to experience significant growth in the coming years.

Who is Winning in this Space?

The global vibration control system market remains fiercely competitive. To consolidate their position, the key players are emphasizing on diversifying their products. For instance,

• Lord Corporation announced a new brand for its portfolio of electromechanical products: Lord Electromechanical Solutions in 2018
• Cooper Standard launched its new range of vibration control system solutions applicable for diverse end-use industries, while it named to Newsweek’s America’s most responsible companies 2021 list.

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Key Players:

The global vibration control system is fragmented – some of the key players operating in the global vibration control system market are-

• HUTCHINSON
• DynaTronic Corporation Ltd.
• Cooper Standard
• GERB
• Technical Manufacturing Corporation
• LORD Corporation
• Trelleborg AB
• Farat Ltd
• Bridgestone Corporation
• FUKOKU CO., LTD
• VICODA GmbH
• MUPRO Services GmbH
• Kinetics Noise Control, Inc.
• Dynamic Solutions Systems, Inc.
• Isolation Technology Inc.
• ACTOM PTY LTD
• Fabreeka
• VSL International Ltd.
• Resistoflex (P) Ltd.
• Guangzhou YiTaoQianChao Vibration Control Technology Co Ltd

Market players are focusing on new product launches and innovation to consolidate their position.

Vibration Control System Market Segmentation by Category

By System:

• Vibration Controls
  • Isolating Pads
  • Isolators (Metal, Rubber)
  • Couplings (Spool, Shear, Bolt, Bush)
  • Anti-Vib Cylinders (Male, Female)
• Motion Controls
  • Springs (Air, Coil)
  • Hangers
  • Washers & Brushes
  • Mounts (Hydraulic, Pneumatic)
• Automation Control
  • Absorber (Miniature, Industrial, Heavy Industrial)
  • Dampers (Hydraulic, Pneumatic, Damping Pads)

By End Users:

• Mining & Quarrying
• Oil & Gas
• Utilities
• Transportation
• Food Manufacturing
• Bev. & Tobacco
• Textile Mills
• Bi-Products
• Chemical mfg.
• Electrical Equip.
• Machinery Mafg.

By Sales Type:

• O.E.M
• Aftermarket

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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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The global fire and explosion proof lights market is anticipated to be worth US$ 363.80 Mn in terms of revenue in 2022. The market is projected to expand at a CAGR of 7% to reach a market size of US$ 715.65 Mn by 2032. Huge reliance on petroleum product is creating the new opportunities for off shore oil production which is turn is expected to be a major driver for the global fire and explosion proof lights.

Fire and explosion proof lights are generally used in the oil and gas industry where mostly highly flammable and volatile matters are handled. In fire and explosion proof lights, apparatus is enclosed in the cage, and the cage is capable of withstanding any explosion of gas or vapor that may occur inside it and prevent the surrounding from potential fire. Fire and explosion proof lights find its application in oil field, chemical industry, off shore oil and gas station, petrochemical industry, power station, mining industry, police, military, rescue relief, inspection, etc.

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Global Fire and Explosion Proof Lights: Market Dynamics

Maintaining the off shore oil rig (operating day in and day out) creates the demand for illumination and lighting equipment in harsh condition of marine environment. Furthermore, the presence of highly flammable and volatile petrochemicals creates demand for fire and explosion proof lights. Increasing number of off shore oil and gas stations is expected to drive the demand for fire and explosion proof lights, thus driving the global fire and explosion proof lights market. Replacement of fire and explosion proof lights in existing energy infrastructure is also expected to drive the demand for fire and explosion proof lights.

Recent trend includes incorporation of powder coated aluminum housings, stainless steel, brass, high impact nylon polymers, heat resistant silicone gaskets, and watertight connectors to make fire and explosion proof lights more reliable and safe. Furthermore, manufacturers are using LED for fire and explosion proof lights to make it more energy efficient.

Global Fire and Explosion Proof Lights Market: Segmentation

On the basis of product type, fire and explosion proof lights market can be segmented in to fire and explosion proof string lights, fire and explosion proof hand lamps, fire and explosion proof flash lights, fire and explosion proof tank lights, etc.

On the basis of end use industry, fire and explosion proof lights market can be segmented in to oil and gas industry, power industry, chemical sector, mining industry, and others.

Global Fire and Explosion Proof Lights Market: Regional outlook

Global fire and explosion proof lights market can be segmented into five major geographical regions as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Middle East and Africa is estimated to be the most dominant region in the production of oil and gas and hence, contributes major share to the global fire and explosion proof lights market. Stringent government regulation regarding installation of lighting system in hazardous work place in North America and Europe is anticipated to augment the demand for fire and explosion proof lights in this region.

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Global Players:

Major players identified in the manufacturing of fire and explosion proof light includes Hubbell Ltd, Larson Electronics, Nordland Ligthing, Zhejiang Tormin Electrical Co.,Ltd., R. STAHL, Inc., PETRO MIDDLE EAST, Eaton, Brite Strike Technologies SA among others.

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About Future Market Insights (FMI)

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

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North America Variable Frequency Drive is known for being more into machines and less into human labor. Variable frequency drives help in smooth sailing with respect to dependence on these machines. They, in fact, help verticals in manufacturing more products with minimal wastage. It has been reported that these drives reduce downtime by increasing machine productivity, machines’ efficiency, and quality of production.

A variable frequency drive (better known as VFD), could be described as a kind of motor controller driving an electric motor by varying voltage and frequency supplied to electric motor. The other terms to refer to VFD include adjustable speed drive, variable speed drive, AC drive, adjustable frequency drive, inverter, and Microdrive. The three different kinds of VFDs are fluid drives, electric drives, and mechanical drives.

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Rising prices of energy have resulted in an inevitability of energy-efficient motor control systems. They prove to be a good alternative to various throttling devices like valves and dampers and fixed speed controllers. Along these lines, Len Busch Roses has Danfoss’ variable frequency drive for regulating airflow in snapdragon greenhouse, that too, with precision. As such, Len Busch has witnessed reduction in energy costs by 22%.

Smart grid technology is being increasingly adopted, which could open doors for varying voltage and phase angle required. This ascertains that electricity gets transferred more efficiently.

Single VFD is getting used to control multiple electric motors, so as to dissipate less energy. Synchronous bypass method makes use of a VFD for starting and synchronizing multiple motors through transfer of load from a source to the other. Rockwell Automation states that asynchronous variable frequency drive system used to control two motors is capable of saving up to 33% of the initial capital spending.

At the same time, the fact that VFDs release pulses that are asynchronously switched can’t be ignored. If there happens to be a long cable between the motor and VFDs, the reflected pulses could result in production of voltage overshooting line voltage, thereby causing tension in cable and motor windings. Insulation thus fails, specifically for the motors that operate at 490 volts (or even higher). Future Market Insights has, through its latest market study entitled ‘North America variable Frequency Drive Market’, etched these findings with future perspectives.

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Key Takeaways from North America Variable Frequency Drive Market

• The AC drive dominates North America Variable Frequency Drive market. It, in fact, accounts for more than 70% of the overall market. This could be credited to wider application on their part in heavy and medium industries like power generation, oil and gas, food and beverages, paper and pulp, infrastructure, and automotives.
• Low voltage accounts for more than 80% of the overall market share due to growing demand for low power variable frequency drives in fans, pumps, machine tools, crane, fluid machines, printing machines, metal processing machines, and food processing machines.

“Call for better productivity with reduced downtime to drive North America Variable Frequency Drives market”, says an analyst from Future Market Insights.

Competitive Landscape

• Yaskawa Electric Corporation, in June 2021, announced tabling HV600 family of the drives that incorporates advancements in HVAC applications’ variable speed control.
• Eaton Corporation, in June 2021, came up with PowerXL DM1 micro variable frequency drive designed for OEMs at industrial and commercial level.
• Fuji Electric, in September 2022, announced working on virtual power plant in the direction of spreading renewable energy.
• Emerson, in June 2022, acquired Fluxa, thereby strengthening its foothold in the life sciences vertical.

What does the Report Cover?

• Future Market Insights offers an exclusive perspective and various real-time insights on North America Variable Frequency Drive market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
• The research study is based on voltage range (low voltage range and medium voltage range), by end-use vertical (oil & gas, food processing, and automotive), and by application (standard and regenerative).

Key Segments Profiled

By Voltage Range Type:

• Low Voltage Range
• Medium Voltage Range

By End-use Industry:

• Oil & Gas
• Food Processing
• Automotive

By Application:

• Standard
• Regenerative

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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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APEJ accounted for more than 20% of the global tipper body equipment market in 2016 and is expected to account for close to 30% by the end of 2026. In comparison to 2016, the region is expected to gain more than 150 BPS by the end of 2026. The APEJ region is expected to lead the global tipper body equipment market in terms of CAGR during the assessment period, expanding at a healthy CAGR of 4.8 percent.

In addition, cost-intensive capital and high maintenance will also remain the long-term restraints for market growth. However, high initial costs of purchasing tipper body equipment are subsequently boosting the establishment of tipper rental businesses and compelling those that are already established to become more organised to cater to a growing trend of the rental tipper body equipment.

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By the end of 2026, the region’s market value is expected to exceed US$ 1,000 million. Between 2016 and 2026, China is expected to account for more than one-fourth of the value share in the APEJ tipper body equipment market.

Global Tipper Body Equipment Market: Regional Insights

• A regional analysis of the global tipper body equipment market by Future Market Insights indicates that Asia Pacific (excluding Japan), North America, Latin America, and Europe will be the key markets throughout the next decade.
• APEJ, driven by China and India, is projected to dominate with more than 28% value share at the end of the assessed period with a gain of 180 BPS.
• North America will remain the second-largest regional market that is expected to bag over 23% share in 2026.

Global Tipper Body Equipment Market: Key Vendor Insights

• Among some of the key companies operating in the global tipper body equipment market landscape, Schmitz Cargobull AG and Hyva Global B.V. are likely to continue representing leading revenue shares over the forecast period.
• Other notable players include Crysteel Manufacturing Inc., Thompsons (UK) Ltd., BION INDUSTRIAL LLC, and F.X. MILLER.
• While the majority of key players are strategising new product launches, collaborations, and joint ventures, others are focusing more on production capacity expansion and acquisitions.

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Global Tipper Body Equipment Market: Overall Dynamics

With increasing urbanisation and thriving construction and mining sectors, demand for tipper body equipment is expected to remain stable in the coming years. Consistent demand from the waste management industry will also drive the market for tipper body equipment. Furthermore, technological innovation in tipper body products, such as redesigning the driver’s cabin in tipping equipment and vehicles to provide the most convenient operating experience possible, is expected to boost sales in the near future.

Manufacturers’ increasing use of advanced telematics systems is expected to remain a key market driver over the next decade. During the assessment, another key factor identified as potentially driving market growth is the rapid adoption of automation.

Another remarkable trend driving the market includes the development of cost-competitive products to maximise penetration in emerging economies, such as China, India, and South Africa. Development of effective tipper body equipment with enhanced load-carrying capacity and provision of the efficient buyer and drivers’ training by manufacturing entities are likely to present lucrative growth opportunities. While product development with advanced diagnosis systems can be a key to sustaining relatively mature markets, such as North America and Western Europe; massive potential lies in developing countries, including BRIC nations.

Global Tipper Body Equipment Market Segmentation

To understand and assess opportunities in the global tipper body equipment market, we have divided the report into six sections based on market segmentation as under:

By Tipping Type

• Roll-off Tipper Body
• 3-Way Tipper Body
• Rear Tipper Body

By Load Carrying Capacity

• Below 15 tons
• 15–30 tons
• 30 tons & above

By Mechanism

• Hydraulic
• Pneumatic

By Frame Material

• Steel
• Aluminium

By End Use

• Mining
• Construction
• Waste Management
• Marine Services
• Others

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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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The adoption of Benelux power tools witnessed a moderate growth rate of 4.1% CAGR and is estimated to foresee a Y-O-Y growth of 5.3% in 2022. However, with growing trend of do-it-yourself and increasing adoption of cordless power tools by end users, the overall market is set to grow at a CAGR of 4.5% between 2022 and 2032.

Power tools are those that are activated by a mechanism and power source other than just hands-on manual labor. Because of the increased accuracy, speed, and efficiency offered by these tools, end users’ overall productivity has significantly increased.

Electric power tools will continue to be the most popular power tools by mode of operation, with 5.8 million units anticipated to be shipped in 2016, up from 5.7 million units in 2015. However, due to their small size and generally lower cost, pneumatic power tools, also referred to as air tools, will continue to grow in popularity among do-it-yourselfers.

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Demand for power tools will continue to be strong from the construction sector, as Benelux’s housing sector witnesses another year of relative stability. The real estate sector in Benelux wasn’t as severely impacted by the crash of 2007-08, as it did not participate in the ‘bubble’ preceding the crash.

Growth of the Benelux power tools market will also be supported by rising adoption in the Union’s automotive sector. While availability of durable and cost-effective power tools will drive overall demand, the growing DIY trend will ramp up adoption in the consumer segment. Increasing penetration of Chinese products is also expected to play an important role in driving sales in 2016 and beyond.

Netherlands will continue to be the largest market for power tools in Benelux, with total volume expected to reach 5.5 million units in 2016. The Netherlands power tools market is expected to be worth US$ 470.0 million by 2016-end, witnessing a growth rate of 3.7% in 2016 over 2015. Belgium, the second largest market for power tools in Benelux, will witness total sales worth 359.2 million in 2016.

On the basis of end use, the Benelux power tools market has been segmented into industrial power tools and household power tools. In terms of value, the industrial power tools segment has been projected to expand at a CAGR of 4.4% over the forecast period to account for 57.9% value share by 2026 end.

By mode of operation, the market has been segmented into electric power tools, pneumatic power tools and other power tools (including IC engine, steam driven and natural power source driven power tools). The electric power tools segment is expected to create significant growth opportunity over the forecast period.

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Key Players:

Robert Bosch GmbH, Atlas Copco AB, and Makita Corporation are the key global players in the Benelux power tools market. The key strategy of these players is enhancing product portfolio by manufacturing convenient, high-performance and advanced technology equipment. Metabowerke GmbH, FERM B.V., and Einhell Germany AG are prominent local players in the Benelux power tools market. Strong distribution networks and low cost are the go-to strategies of these players to compete with global players operating in Benelux power tools market.

Key Segments Covered in Adoption of Benelux Power Tools Market Analysis

By Mode of Operation:

• Electric
• Pneumatic
• Others

By End Use:

• Industrial
• Household

By Country:

• Belgium
• Netherlands
• Luxembourg

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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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The global commercial kitchen ventilation system market is anticipated to be appraised at US$ 3621.4 million by 2032, up from US$ 2476.1 million in 2022 with a CAGR of 3.9% during the forecast period.

Technological advancement has led to wide adoption of effective equipment across home settings. One such technology that is gaining high prominence among users is kitchen ventilation system. A commercial kitchen ventilation system includes both air exhausts as well as replacement air facility within the cooking area.

A commercial kitchen is filled with fumes and smokes during working hours, creating an unhealthy environment for kitchen staff. The fumes condensate/grease on the kitchen equipment, ceilings, and walls, creating an unsanitary environment and potentially deteriorating the surfaces of the walls and ceilings.

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The most important considerations are hygiene, comfort for those working in the kitchen, the efficiency of the ventilation system, and fire prevention. The primary goal of a ventilation system in a commercial kitchen is to have a proper filtration system so that smoke, oil, grease, and other particulate contaminants can be easily removed by filtering air.

Commercial Kitchen Ventilation System Market: Drivers & Restraints

The major factors driving the growth of the global Commercial Kitchen Ventilation System Market are implementation of stringent regulations regarding VOC emission, increasing standard of living, rising per capita and disposable income, increasing awareness regarding greenhouse effect and substantial rise in pollution across the globe. Moreover, ongoing trends such as adoption of Demand Controlled Ventilation (DCV) system are expected to boost market growth. Though this market is bound to witness significant growth rate over the forecast period, high cost of equipment is proving a major challenge to overall adoption of commercial kitchen ventilation systems.

Commercial Kitchen Ventilation System Market: Segmentation

The global Commercial Kitchen Ventilation System Market is segmented on the basis of application type, fan type, and region. On the basis of application type, the global Commercial Kitchen Ventilation System Market is segmented into restaurants, hospitals, corporate offices, and others. The restaurants segment is further segmented into hotels, five star hotels, and others. On the basis of fan type, the global Commercial Kitchen Ventilation System Market is segmented into high volume low speed fans, axial fans, centrifugal fan sets, bifurcated fan sets, belt driven axial fans, in-line centrifugal and mixed flow impellers, and roof extract fans.

Commercial Kitchen Ventilation System Market: Region-wise outlook

Region wise, the global Commercial Kitchen Ventilation System Market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global Commercial Kitchen Ventilation System Market is expected to register healthy CAGR during the forecast period. Asia pacific is expected to dominate Commercial Kitchen Ventilation System Market throughout the forecast period.

Significant presence of commercial restaurants along with substantial rise in overall consumer spending is expected to drive the demand for kitchen ventilation in the region. Next, North America and Europe are expected to create substantial demand for commercial kitchen ventilation systems. Market in Latin America and Middle East & Africa is expected to grow at a subdued rate owing to low consumer spending.

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Commercial Kitchen Ventilation System Market: Key Players

The Key players operating into the Commercial Kitchen Ventilation System Market are Britannia kitchen ventilation ltd, CaptiveAire Systems Inc., Centrotee Sustainable AG, Greenheck Fan Corporation, Munters AB, Nortek Incorporated, Flakt Woods Group and Solar & Palau Group. Major players in the global Commercial Kitchen Ventilation System Market are focused on product innovation and product certification to maintain their competitive edge in the global Commercial Kitchen Ventilation System Market.

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

Key Segments Profiled in the Commercial Kitchen Ventilation System Market Survey

By Contact with Application Type:

• Restaurants
• Hospitals
• Corporate Offices
• Hotels
• Five Star Hotels
• Others

By Fan Type:

• High Volume Low Speed Fans
• Axial Fans
• Centrifugal Fan Sets
• Bifurcated Fan Sets
• Belt Driven Axial Fans
• In-Line Centrifugal
• Mixed Flow Impellers
• Roof Extract Fans

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The global drum pump market is expected to be valued at US$ 503.6 Million in 2022. Increasing adoption of advanced technology for effectively delivering the drug to the target site is expected to drive overall market growth. The overall demand for Drum Pump is projected to grow at a CAGR of 6.2% between 2022 and 2032, totaling around 921.0 Million by 2032.

According to IFFFA, the increasing use of manual tools throughout the industry is the primary factor limiting market growth in the area. Germany and the United Kingdom have a significant share of the regional market due to the increasing expansion of food and beverage and specialty chemical producers in the region.

According to Future Market Insights, Europe will have an 18.0% market share of the global Drum Pump market by 2022. Due to strong technology adoption and a developing equipment manufacturing industry throughout the region, Europe has a significant market share.

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Drum Pump – Market Dynamics

Growth in demand of the drum pump market is expected to raise muscularly for numerous reasons. One of the significant factors contributes towards the growth of the drum pump is growing demand by the various industry including oil, chemical, milk, and lubricant etc. Industries import and export the liquids in the big container rather than the small container for saving the shipping and transportation cost.

For dispensing the liquid from big container industries prefer drum pump, so it drives the drum pump market positively. It allows speedy transfer of liquid without spillage it is another factor which contribute to the growth of the drum pump market. Moreover, drum pump saves considerable time, resources & manpower for dispensing the liquid and allow flow control at outlet through the ball valve, they also participate in the growth of the drum pump market.

The demand of the drum pump market is expected to witness an above average growth due to increase in the demand for drum pump by various industry.Many industrial fluids being very heavy once they are filled into a drum and barrel. Forgetting the liquid outside the drum or barrel manufacturer use drum pump instead of trying to get the liquid by tipping. High demand of the drum pump is generated by the various industries and it is expected to grow during the forecast period.

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Drum Pump – Market Segmentation

Globally, the drum pump market can be segmented on the basis of product type, by material and by application. On the basis of product type drum pump market is segmented into Electric driven, Hydraulic, Rotary / Manual pump, Pneumatic, and others. On the basis of material type drum pump market is segmented into plastic and metal. The plastic segment is sub-segmented into Chlorinated Polyvinyl Chloride (CPC), Polypropylene (PP), Polyvinylidene Fluoride (PVDF) and others.

The metal segment is sub-segmented into Stainless steel, cast iron, aluminium, and others. On the basis of application type drum pump market is segmented into Petroleum industry, Chemical plants, Food processing plants, Manufacturing plants, Automotive industry, wastewater treatment, laboratories etc.

Drum Pump Market – Regional Outlook

The drum pump market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. North America is anticipated to be the largest market for the drum pump market, primarily driven by manufacturer preference towards drum pump which acts as cost-effective and efficient dispenser tools for variety of liquid. Latin America also has a good presence in the drum pump market.

Furthermore, Eastern Europe followed by the Middle East is anticipated to be the second largest marketfor the drum pump. The recent development in the drum pump market has shifted its production base to the east, especially in Asia, the emerging players from China, India and Middle East have started taking the market share in the drum pump industry.

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Drum Pump Market – Key Players

Few of the major players identified across the globe in the drum pump market are Fluidyne Instruments Pvt. Ltd., FLUX, Kecol Pumping Systems Ltd,Iwaki Pumps Australia Pty Ltd, JESSBERGER GnbH, Finish Thompson Inc., Lutz Pumps, Inc, NZ Pump Company Inc, Graco etc.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.