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The power device analyzer market is projected to advance at a modest rate with a CAGR of 5% during the forecast period 2022-2032, as per the power device analyzer market report by Future Market Insights (FMI).

The primary factor accelerating the power device analyzers market growth is the increasing adoption of high-performance and power-efficient devices for the consumer and healthcare sectors and investments in electric vehicles due to environmental concerns.

Globally, there is a constant demand for energy savings across various industries. In addition, various government and international organizations work to raise awareness and promote energy conservation.

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Renewable energy is gaining traction around the world. As a result, various government policies and schemes are in place around the world to encourage the use of renewable energy resources, thereby shaping the power device analyzer market future.

To fulfil the Paris Agreement and reduce carbon emissions, the future energy mix will rely more on renewable energy, which puts a number of solar and wind energy projects underway or planned for the future in various countries as adoption of power device analyzers is highly preferred for testing solar cells and as a total carbon analyser, etc.

Furthermore, the renewable sector is experiencing rapid growth, with investments coming from private players and the government.

Major power device analyzer manufacturers are confronted with various challenges unorganized market players who sell sub-standard products.

These unorganized market players outperform the big players in terms of price, competitiveness, and the local supply network they maintain, which is difficult for global players to achieve. Furthermore, local dealers push these locally produced devices into the market because of higher margins.

This apart, due to the sheer lack of stringent government regulations on energy waste, many small and medium-sized industries, particularly in developing economies such as Southeast Asia, choose locally manufactured power device analyzers due to lower prices involved. As a result, increased sales of power device analyzers from local and grey market players limit global players’ opportunities to gain power device analyzers market share.

On account of the aforementioned factors, the power device analyzer market is predicted to muster a revenue of about US$ 58 Mn by 2026.

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Key Takeaways

• Due to government initiatives to implement energy audits with increased mandatory regulations a growing market for Internet of Things (IoT), both the A.C. and D.C. type segments are expected to account for a larger power device analyzer market share by type.
• By current, the below 1000A is likely to lead the market as the vast majority of projects are undertaken in this sector, including automotive, energy, aerospace and defense, and healthcare equipment manufacturing.
• By end-use, the automotive segment is anticipated to dominate the market as the rise of electric and self-driving vehicles has increased the demand for power device analyzers to ensure automotive systems’ quality, safety, and dependability.
• The North American market is expected to be the fastest-growing. The rising number of 4G connections that would necessitate wireless test equipment is the primary growth driver for the market in this region.
• In Asia-Pacific, China and the automotive segment is likely to be at the forefront of the power device analyzer market.
• The power device analyzer market size was around US$ 450 Mn in 2021.

“Asia-Pacific is expected to reign the market in the coming years as its growth is being aided by an increase in demand for electric vehicles (E.V.s) and a tightening of government policies and to avoid financial penalties, manufacturers must earn a certain number of points per year, which are awarded for each E.V. produced. As a result, E.V. sales in China are expected to account for 40% of total vehicle sales by 2030. Furthermore, global automakers such as BMW, Tesla, and Volkswagen are establishing manufacturing facilities in Asia Pacific due to the lucrative opportunities available. As a result, rising investment in major end-use industries is expected to drive the market for power device analyzers during the forecast period.” asserts an FMI researcher.

Comparative View of Adjacent Power Device Analyzer Market

Competitive Landscape

The market’s top players in the power device analyzer market include Fortive (U.S.), Keysight Technologies (U.S.), Iwatsu (Japan), Yokogawa (Japan), Hioki E.E. Corporation (Japan), Rohde & Schwarz (Germany) and Newtons4th (U.K.).

A few of the recent developments in the power device analyzer market are as follows:

• Iwatsu will release the Curve Tracer CS-800. This series has a testing capacity of up to 5kV and 2000A and is considered one of the significant emerging trends in the power device analyzer market.
• The PA920 Series Power Analyzer from Vitrel features an ultra-high accuracy, wideband waveform digitizer with advanced computational capability, a large high-resolution display, and a full-colour touchscreen user interface for power measurement accuracy (0.024 per cent, 20Hz).

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

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

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Key Takeaways of Global Gas Insulated Substation Market Study

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

“Automation based operating substation is expected to be a key trend adopted by system providers which is likely to be embraced in full capacity by various end users. New installations as well as upgrading ageing infrastructure will drive the market growth” says FMI analyst.

Competitive Landscape

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

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

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

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

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

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

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

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

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

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

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Gas Insulated Substation Market by Category

By Basis of Installation:

• Indoor
• Outdoor

By Voltage Rating:

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

By End-user:

• Power Transmission and Distribution
• Manufacturing and Processing

By Region:

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

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

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

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

Key Takeaways

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

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

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COVID-19 Impact Analysis

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

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

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

Competitive Landscape

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

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

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

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As per FMI, the global urea stripper market is anticipated to grow at a steady pace throughout the assessment period 2020-2030. The market is majorly driven by its widespread use as a fertilizer and steadily growing non-fertilizer applications. At present, the growth is impacted owing to COVID-19, however, FMI foresees retrieval primarily owing to the growing agricultural sector amid the assessment period.

Increase in investment in fertilizer owing to stabilization of raw material costs is favoring market expansion. Simultaneously, players are seeking for options that would help them add towards the safeguard of the environment.” says an FMI analyst.

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Urea Strippers Market – Key Highlights

• Asia Pacific at present accounts for dominance due to rising demand and production in strong markets such as China and India.
• Duplex steel is anticipated to bolster market estimation in terms of material of construction.
• Upto 1000 MTPD is projected to lead among other capacity segment over the forecast period.
• Chemical process industry will foresee a growing demand for urea strippers owing to their application in several sectors such as automotive and agriculture products.

Urea Strippers Market – Drivers

• Extensive use of urea strippers in the fertilizer sector along with other commercial sectors will complement market grow in value.
• Urea strippers are extensively utilized in recycling processes, catalyzing the market growth.
• Provisions of urea strippers to hold steady in severe conditions limits its maintenance needs, ascertain better durability, thus boosting market growth.

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Urea Strippers Market – Restraints

• Emission of unsafe pollutants along with retardation of soil natural fertility when urea is utilized as a fertilizer, are adversely impacting the market growth.
• Events of leakage in urea strippers are presenting challenges and hindering the market growth.

COVID-19 Impact on the Market

The COVID-19 outbreak has unsettled industries all over the globe, comprising the urea strippers market. There has been a decline in sales owing to lockdown imposition in several countries. This has prompted increasing acceptance of digital marketing strategies to extend the market and boost sales. The market is projected to bounce back to its pre-crisis level and soon continue on a stable upward trajectory.

Competitive Landscape

Market players are increasingly engaging in acquisitions and collaboration to expand their customer base. Some of the key players in the u market are Larson & Toubro, Stamicarbon, Saipem S.p.A., TOYO India, Urea Casale, NIIK, ALFA LAVAL, FLOWTRONIX, Thyssenkrupp, Kay Iron Works (Jorian) Private Limited, Isgec Heavy Engineering Ltd, Sandvik AB, FEECO International, Inc, Paramount Limited and MANGIAROTTI spa.

About the Study

The study offers readers a comprehensive assessment of the urea strippers market. Global, regional and national-level analysis of the latest trends influencing the market is covered in this FMI report. The study provides insights based on the material of construction(duplex steel, stainless steel, zirconium, titanium, 25-Cr-22Ni-2Mo and 316 L-UG), capacity (upto 1000 MTPD, 1000-1500 MTPD, 1500-3500 MTPD and above 3500 MTPD), across key regions (North America, Latin America, Europe, China, Asia Pacific, Middle East & Africa).

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

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These insights are according to a new study on the image-based barcode reader market by ESOMAR-certified research and consulting firm Future Market Insights. Increasing penetration of Industry 4.0 has spurred the deployment of advanced technologies such as cyber-physical systems, cloud, robotics, artificial intelligence (AI), big data, and autonomous techniques across the manufacturing industry. This is helping manufacturing firms to ensure uninterrupted operations and curb the pressure on workers.

Furthermore, the adoption of industry four.0 has motivated manufacturing companies to increasingly flip to asset tracking and monitoring technologies to correctly music and screen asset locations and their status. Photographs primarily based on barcode readers are the core gadgets for such sports.

With the excessive penetration of extraordinarily state-of-the-art clever phones, QR codes and bar codes are getting used as the following step for app-based totally retail answers. Currently, businesses are voraciously absorbing the would possibly of photo-based barcodes because it serves as a lead magnet via competitive advertising campaigns.

A new Future Market Insights (FMI) study reveals that Asian markets are turning highly lucrative for manufacturers of fire protection systems catering to industrial cooking sector, as Asia Pacific has been witnessing strong growth in the commercial kitchen and foodservice industry.

The emergence of intelligent and automatic fire suppression systems that can release a high volume of water in industrial warehouses with high-piled inventory is set to accelerate the market in the near future. These systems are also capable of enhancing the survivability during fires with the help of voice evacuation features.

Prominently driven by rapid increase in establishment of food manufacturing and processing units, adoption of fire protection systems for industrial cooking is further fueled by industrial safety regulatory framework. The market build-up has been solid over the past decade and is set for a healthy CAGR of 6% during the forecast period (2022 – 2029).

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Key Takeaways – Fire Protection Systems for Industrial Cooking Market Study

• Wireless, automatic, and compact designs in fire alarm systems that fit most industrial layouts, and are compliant with guidelines set by regulatory bodies such as NFPA, are projected to gain more relevance.
• High installation and maintenance costs of wired alarms will result in reduced preference for these systems in the future.
• Key players are focused on launching early suppression fast response fire sprinkler systems that are capable of releasing large volumes of water (100 gallons per min), and have improved response time.
• North America currently represents more than a fourth of the global market value and will continue to lead its way in fire protection systems for industrial cooking market.
• In the backdrop of a large number of fire incidents in the U.S., strategic collaborations between manufacturers and installers will complement the amplifying demand for fire protection systems in industrial cooking sector.
• Increasing demand for commercially-prepared food has paved the way for a growing number of food joints and restaurant chains. Robust growth in food ventures has been witnessed in recent years, which is expected to reduce cooking activities within industrial and manufacturing unit premises.

Fire protection systems for industrial cooking are designed and installed in accordance with standards, codes, and rules that are based on actual fire tests. Product customization, with proven advanced fire protection system installations, will play a key role in the value chain of the market.

Competitive Landscape Remains Fragmented

The market structure is considered to be fairly fragmented, with a large number of smaller companies offering identical products. Furthermore, growing number of players in the fire protection systems for industrial cooking market has been driving manufacturers to incorporate forward integration in terms of services, by offering installation, product consultancy, and aftersales support.

Key players such as Honeywell International Inc, Siemens AG, United Technologies Corporation, Emerson Electric Co., Johnson Controls International Plc, and Gentex Corporation hold a prominent share of market pie in terms of revenue, backed by long-term partnerships with consumers and well-established sales networks.

On the other hand, top manufacturers are strategically acquiring regional players, and retaining their brands to expand global presence. For instance, Johnson Controls International Plc provides safety services and solutions such as fire extinguishing systems under many brand names, including Ansul, Tyco Integrated Security, and Tyco SimplexGrinnell.

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What Lies Ahead for Fire Protection Systems for Industrial Cooking Market?

Increased inclination towards performance efficiency will continue to be the prime driver for the development of technologically-advanced fire protection systems for use in various industries. Most customers are inclined towards purchasing fire protection systems with novel connectivity systems and reduced response times.

Fire Protection Systems for Industrial Cooking Market By Category

Product:

• Fire Detection System
  • Flame Detectors
  • Smoke Detectors
• Fire Management System
  • Fire Extinguishers
    • Water Extinguishers
    • Foam Extinguishers
    • Dry Chemical Extinguishers
    • CO2 Extinguishers
• Fire Suppression System
  • Water Fire Suppression Systems
  • Gaseous/Clean Agent Fire Suppression Systems
  • Foam Fire Suppression Systems
  • Powder Fire Suppression Systems
• Fire Response System
  • Emergency Lighting
  • Fire Alarm Devices

End Use:

• Food Processing Units
  • Meat and Fish
  • Dairy Products
  • Sugar and Confectionery
  • Tortilla and Bakery
  • Other Food and Kindred Products
• Industrial Kitchens

Region:

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

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Future Market Insights (FMI), in its latest research study, examines the growth trail of contact and convective dryers market for the assessment timeframe of 2019-2029. According to the research study, sales of contact and convective dryers reached ~ 2,649 units in 2018, with an estimated Y-o-Y increase of 2.8% to be witnessed in 2019.

Increasing focus on industrial drying as an imperative for sustenance of product quality is emerging as a bedrock for growth of contact and convective dryers market, finds the FMI study. Industrial drying remains one among the most-demanding unit operations, and this demand continues to firm up as end user industries navigate toward achieving ‘operational efficiency’.

Industrial drying has been spectating proactive efforts in boosting research & development (R&D) over the last three decades to adapt to the evolving requirements coming from various product types. Growing investments in research and development activities is marking new beginnings for the market in terms of new product developments and innovations coming to the fore. 

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According to the report, the role of contact and convective dryers in form of intermittent drying equipment is likely to be prominent in 2019 and beyond, as they address the fundamental drying requirements before the products go upstream for complex drying processes. However, limited installation rate coupled with low replacement ratio are two of the key factors expected to pose significant challenges for manufacturers of contact and convective dryers.

Fast-Paced Growth of Processing Verticals Unlocking Gains in Developing Economies

The FMI study opines that sky-rocketing growth of processing industries in fast-growing economies, such as South Asia and East Asia, are signaling the emergence of new opportunities for the market players to leverage. High adoption of contact and convective dryers to effectively meet the drying requirements, especially for powders, remains one of the key factors pushing their demand in industrial processing streams. Leading market players are redesigning their expansion strategies with a stronger orientation toward these regions, so that they firmly establish themselves in this ‘already-opportunistic’ markets and reap large profits.

Preview Analysis of Contact and Convective Dryers Market is segmented by (Product Type – Contact & Convective; Orientation – Horizontal & Vertical; Application – Pharmaceuticals, Metallurgy, Food & Beverages, Chemicals & Auxiliary Manufacturing;) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2029 @
https://www.futuremarketinsights.com/reports/contact-and-convective-dryers-market

According to the study, sales of contact dryers will continue to outpace the sales of convective dryers, with global sales estimated to reach ~ 1,768 units in 2019. While higher energy efficiency continues to be the biggest selling point of contact dryers, reduced environmental footprint and low costs are two more factors underpinning their visibility. In addition, contact dryers possess unmatched ability in terms of accumulation and retention of heat, which further warrants its viability amidst the end-user marketplace.

As suggested by FMI’s analysis, the contact and convective dryers market showcases higher degree of consolidation at the bottom, with mid-level and emerging players commanding for a major chunk of the global market share. The market participants will continue to invest in service and supply contracts with end-users as a key cornerstone of their sales strategy. Market players are capitalizing on the trend of ‘digitalization’ to support customers in terms of optimized designs and operating costs.

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Customized contact and convective dryers will remain a prime focus for manufacturers to revive their business models, unveils the FMI research study. As product customization is one of the best tools businesses can use to comprehend the end user needs, manufacturers are focusing on product personalization to diversify their offerings and reach new markets with minimum tweaks to their business models. Manufacturers active in the contact and convective dryers market will continue placing their bets on strategic mergers and acquisitions, with new possibilities as a result of combined-expertise and shared resources pool.

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Future Market Insights upcoming report on global Large Industrial Displays market uncovers hidden opportunities and potential threats. The report gives an incisive coverage on the Large Industrial Displays market through a detailed segmentation on its key growth drivers, opportunities, restraints and challenges expected to prevail the market in the upcoming years. According to FMI, the industrial automation industry is expected to have a positive outlook through 2021 and beyond.

Increasing usage of machines and demand for high quality products in various industries coupled with installation of smart devices in the machinery are some of the factors propelling the growth of Large Industrial Displays market in industrial automation industry. Industries are implementing the automation to increase the productivity and reduce labor costs. FMI provides detailed insights about the industry for the market players to craft their long-term strategies to maintain the competitive edge in the industry.

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To receive the detailed insights about the Large Industrial Displays market, our experts relies on the primary and secondary research, and various wide range of data set gathered from organic and inorganic sources to provide estimates for the upcoming decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Large Industrial Displays market has picked up the pace.

The FMI’s recent report talks about the market scenario in the chapter on the Covid-19 impact analysis to aid the market players for the upcoming years. The report gives a detailed market analysis surrounding the market condition and its impact on the Large Industrial Displays market.

Key Questions Answered in the Report

1. What are the key trends and challenges that will affect global Large Industrial Displays market in upcoming years?
2. What are the factors that will influence the Large Industrial Displays market demand?
3. Which region will be the most lucrative for Large Industrial Displays market throughout the forecast period?
4. How will evolving regulatory policies impact the market growth?
5. What is the impact of Covid-19 on the Large Industrial Displays market?

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Large Industrial Displays Market: Segmentation

By Region

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

Detailed analysis on the geographical region and country wise insights are offered in the latest Large Industrial Displays market report with established market players as well as incumbents in the region.

By Product Type

• Open Frame Displays
• Panel Mount Displays
• Industrial Monitors
• Video Walls

By Technology

• LCD
• LED
• OLED

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.

Competitive Analysis

By Prominent Market Players

• Advantech Co., Ltd
• Leyard
• Daktronics
• Data Modul

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important market study including the historical revenue prospects, pricing strategy, and marketing strategy adopted by these players in the Large Industrial Displays market

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• Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
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• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
• Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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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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At an estimated 4.6% Y-o-Y increase in the revenue over 2021, the industrial condensing units market is set to exceed the US$ 10 Bn mark in 2022. Nearly 3/4^th of the total sales of industrial condensing units is accounted by the end use in commercial refrigeration, followed by industrial refrigeration.

As indicated by a recent research study presented by Future Market Insights (FMI), more than 65% of end users prefer air-cooled industrial condensing units over water-cooled variants, at a global level. Moreover, although retrofitting of older condensing units is gaining popularity over the recent past, FMI’s analysis highlights that an approximate 85% of revenue continues to pour in from new installations of industrial condensing units.

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With a significant incremental opportunity anticipated for the near future, outdoor-based refrigeration applications will continue to gain higher traction in the industrial condensing units market. According to the report, nearly 3/5^th of the total demand for industrial condensing units is generated from outdoor-based refrigeration application areas.

China & India Emerging as Strong Investment Pockets for Manufacturers

The construction industry in developing regional markets, particularly in India and China, are clearly outgrowing other markets. This, in turn, is expected to support the growth of the industrial condensing units market, as the construction-driven increase in the net national per capita income will boost the demand for consumer appliances, including industrial condensing units.

Also, growing GDP of several countries, escalating per capita income and spending, and heavily rising demand for efficient cold chain are expected to extend strong support to existing demand growth of industrial condensing units.

Furthermore, China and India are likely to witness a significant surge in the sales of refrigeration units in coming years, driven by commercial refrigeration applications as a result of brisk expansion of both construction industry and the HoReCa (hotels, restaurants, cafés) sector. These countries are thus highly likely to establish a strong base for the expansion of industrial condensing units market in the forthcoming years.

Chinese manufacturing enterprises of industrial condensing units have begun to flourish recently. China has been a prominent influencer in the market in terms of agricultural and animal products, with an annual value of over US$ 300 billion. However, the prevalence of inadequate chilling facilities will continue to procure new opportunities for the development of infrastructure and thereby, reinforcing the demand for industrial condensing units.

On the other hand, mature markets for industrial condensing units in North America and Europe will observe modest growth and new installations will remain prominent.

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Manufacturers Targeting Specific Customer Demands, Emphasizing Competitive Pricing Strategy

Industrial condensing units are prominently sold by wholesalers and distributors specialized in furnishing on-site cold storage. Manufacturers involved in the designing and developing of industrial condensing units are poised to enhance their geographic reach and production capabilities in low-cost regions.

A majority of manufacturers of industrial condensing units are also prioritizing catering to specific customer demands at attractive prices, which will majorly rely on economic tiers and spending capabilities of customers.

Moreover, the report opines that the leading companies in industrial condensing units market will intensify the focus on stronger distribution networks, more powerful customer engagement, and unique portfolio of their offerings. Regional dietary patterns, as continue play a vital role in creating potential opportunities for the penetration of industrial condensing units, will be considered imperative for technological and other innovations, by manufacturers.

Regional dietary patterns, as continue play a vital role in creating potential opportunities for the penetration of industrial condensing units, will be considered imperative for technological and other innovations, by manufacturers.

The report has covered detailed strategic profiles of some of the key manufacturers operating in the industrial condensing units market, including Emerson Electric Co., Embraco, Tecumseh Products Company LLC, The Danfoss Group, Mitsubishi Electric Corporation, GEEA Group AG, Bitzer SE, Daikin Applied Systems Co. Ltd., and Hasegawa Refrigeration Ltd.

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Industrial Condensing Units Market by Category

Capacity :

• Up to 1 kW
• 2 – 10 kW
• 11 – 40 kW
• Above 40 kW

Installation :

• New Installation
• Retrofit

Technology :

• Water Cooled
• Air Cooled

Application :

• Indoor-based Refrigeration
• Outdoor-based Refrigeration

End Use :

• Domestic Appliances
• Indoor Based Air Conditioners
• Commercial Refrigeration
  • Retail Stores
  • HORECA
  • Cold Storage and Warehouse
  • Office & Other Commercial Buildings
  • IT & Data Centers
• Industrial Refrigeration

Compressor Type :

• Reciprocating
• Screw
• Centrifugal
• Rotary
• Scroll

Region :

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

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.

Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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