Market Research Blog – Page 921 – New Product Development

FMI Analysis States Global Urea Strippers Market Estimated to Reach USD 9,912.32 Million by 2032, Driving Steady Growth of 2.4% CAGR

The urea strippers market, valued at USD 7,819.44 million in 2022, is poised for continual advancement from 2022 to 2032, progressing at a stable rate of 2.4%. This growth trajectory is expected to lead to a significant market value of USD 9,912.32 million by 2032.

The thriving urea strippers market owes its expansion to various factors, with prominent among them being the widespread utilization of urea strippers as an integral component in fertilizer production. Urea holds a pivotal role in the formulation of nitrogen-based fertilizers, essential for augmenting crop yields. Against the backdrop of a global agricultural sector striving to enhance productivity to meet the demands of a burgeoning population, the demand for urea-based fertilizers, and consequently, urea strippers, is poised for notable growth.

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The urea strippers market is witnessing substantial growth, driven by burgeoning demand in the fertilizer sector, according to a recent report by Future Market Insights (FMI). The market is set for remarkable expansion from 2022 to 2032, fueled not only by its widespread use as a fertilizer but also by its increasing applications beyond fertilization.

With the global population projected to reach 9.9 billion by 2050, a 25% surge from the 2020 figure of 7.8 billion, the demand for food is escalating significantly. To meet this demand, farmers are anticipated to produce approximately 70% more food by 2050, as indicated by the UN Food and Agriculture Organization (FAO). Consequently, the agricultural industry will focus on optimizing land use to maximize output, leading to an increased adoption of urea strippers for enhanced crop yield and production. Given that agriculture is the primary end-use sector for urea strippers, the surge in food demand will directly propel the market’s growth trajectory.

Key Insights from the Urea Strippers Market Analysis:

Expansive Application in Chemical Process Industry: Urea strippers are witnessing escalating demand in the chemical process sector, attributed to their versatile utilization across domains such as agriculture and automotive products.

Sustained Demand Amid Fertilizer Expansion: With fertilizer production poised for continuous expansion, the demand for urea strippers is expected to maintain a steady upward trajectory.

End-Use Industry Influence on Regional Dominance: The escalating utilization of urea across end-use sectors will contribute to the enduring dominance of East Asia and South Asia Pacific within the market.

Localized Market Growth: The growth of the urea strippers market is primarily influenced by localized factors, as regions where they are manufactured and consumed record maximum consumption.

Market Dynamics: Innovations and Strategic Collaborations Driving Competition

Manufacturers are strategically harnessing innovation to optimize profitability, spearheading advancements in the urea strippers market. Key stakeholders, including tier 1 and tier 2 players, command substantial market shares, intensifying competition and prompting a wave of novel developments in the sector. A pivotal shift in focus is evident, as these players actively forge partnerships with diverse enterprises to enhance market visibility. Notably, economies reliant on agriculture wield a formidable influence, solidifying their pivotal role in shaping the market landscape.

Key Players:

Larson & Toubro
Saipem S.p.A.
Stamicarbon
Urea Casale
TOYO India
ALFA LAVAL
NICK
Thyssenkrupp
FLOWTRONIX
Images Heavy Engineering Ltd
Kay Iron Works (Jorian) Private Limited
FEECO International, Inc
Sandvik AB
MANGIAROTTI spa
Paramount Limited

Key Segments Covered:

Categorized by Material of Construction:

Duplex Steel
Stainless Steel
Zirconium
Titanium
25 Cr-22Ni-2Mo
316 L- UG

Categorized by Capacity:

Up to 1,000 MTPD
1,000-1,500 MTPD
1,500-3,500 MTPD
Above 3,500 MTPD

Categorized by Region:

North America: Comprising the USA and Canada
Europe: Encompassing Russia, Ukraine, and the broader European region
East Asia: Including China, Japan, and other East Asian nations
South Asia Pacific: Covering India, ASEAN countries, and the wider South Asian and Pacific area
Rest of the World: Encompassing GCC Countries, Africa, and other global regions

Browse Related Reports:

The global small gas engine market size is estimated to reach USD 5.0 billion by 2034.

The global extruder and compounding machine market size is estimated to reach USD 113.96 billion by 2034.

The global industrial film market size is estimated to reach USD 110.0 billion by 2034.

Author:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Analysis Predicts Global Galley Equipment Market Size to Reach USD 16.8 Billion Mark by 2033, Driven by 5.3% CAGR Growth

The galley equipment market is poised for a notable upward trajectory, propelled by a robust projected Compound Annual Growth Rate (CAGR) of 5.3% from 2023 to 2033. This sustained growth has garnered significant interest among industry stakeholders, anticipating the market’s valuation to reach an impressive USD 16.8 billion by 2033.

Often underestimated yet fundamentally vital to the travel industry, galley equipment plays a pivotal role in ensuring airlines and cruise ships can effectively meet passengers’ culinary requirements, thereby constituting an indispensable element of the overall travel experience. The discernible surge in demand underscores the market’s potential to ascend to new heights and serve as a crucial contributor to the ongoing success of the travel industry.

Elevating Travel Experience: Modern Galley Equipment’s Role in Safety, Luxury, and Sustainability:

Airlines and cruise lines are increasingly investing in modern Galley Equipment with touchless controls and self-sanitizing features to enhance passenger safety and hygiene during travel. Additionally, the rising focus on providing a seamless and luxurious onboard experience has led to the incorporation of advanced lighting, customizable interiors, and eco-friendly materials in Galley Equipment.

This trend is revolutionizing the industry, elevating the skies with innovative solutions that prioritize passenger well-being and comfort, while aligning with sustainability goals.

Galley Equipment is no longer limited to functional purposes; it has evolved to enhance the overall cabin ambiance and passenger experience.

Advanced interior ambient lighting systems, such as LEDs and OLEDs, are being incorporated into Galley Equipment to create an inviting and comfortable environment for travelers.

The ability to customize lighting settings and colors allows airlines and cruise lines to set the mood and create a relaxing atmosphere for passengers, contributing to an elevated journey.

Continuous research and development efforts are at the forefront of the Galley Equipment industry. Manufacturers are relentlessly pursuing innovations to meet the evolving needs of the travel industry.

Key Takeaways From This Market Report:

The Galley Equipment industry in the United States is expected to capture a market share of USD 3.1 Billion by 2033.
The United Kingdom Galley Equipment industry is anticipated to move forward at a rate of 5.0% from 2023 to 2033.
By 2033, the market for Galley Equipment in China is predicted to hold a USD 3.9 Billion share on a global level.
On the basis of application, the marine sub-segment is likely to be the prominent one securing a 5.0% CAGR from 2023 to 2033.
The retrofit sub-segment, by fit, is predicted to be moving forward at a 5.1% growth rate over the forecast period.

How Strong is the Competition in the Galley Equipment Industry?

The competition in the Galley Equipment industry is robust and dynamic, driven by a diverse array of players vying for market share.

Established Galley Equipment manufacturers, as well as specialized companies offering customized solutions, compete to meet the evolving demands of airlines, cruise lines, and maritime operators.

Top Companies in the Galley Equipment Market:

Aerolux Ltd.
Air Cabin Engineering Inc.
Aluminox S.A.
B/E Aerospace, Inc.
Bucher Leichtbau AG

Recent Developments:

Leading enterprises within the worldwide aircraft Galley Equipment sector, such as Zodiac Aerospace, are presently integrating electrically-based technologies and resilient systems to amplify overall operational efficiency and effectiveness.
Turkish Aerospace has established a strategic alliance with TCI Cabin Interior for the execution of the Airborne Standoff Jammer (ASOJ) initiative. The primary objective of this collaborative endeavor is the identification of adversary communication radars and systems, followed by their proficient neutralization, thus guaranteeing non-interference by friendly forces, particularly in scenarios involving transnational operations.

Global Market Segmentation:

By Fit:

Retrofit
Line Fit

By Application:

Marine
Aviation

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Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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Global Commercial Booster Pumps Market Poised to Surpass US$ 12,084.3 million by 2033 with a Strong 7.6% CAGR Growth

The market for commercial booster pumps is currently valued at US$ 5,809 million and is expected to grow to US$ 12,084.3 million by the end of 2033. Commercial booster pump shipments are anticipated to grow at an estimated 7.6% CAGR from 2023 to 2033.

The report projects that the market will be valued US$ 4.7 billion in 2020. Furthermore, a 7.8% CAGR is projected from 2020 to 2030. The growing need for corrosion-resistant pumps combined with intelligent monitoring and regulating is creating appealing potential for market expansion.

The study offers a comprehensive examination of the market and details the dominant trends. Some of the most significant findings of the report are highlighted in the following.

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Key Takeaways from the global commercial booster pumps market study:

Commercial booster pumps dominate traditional pumping systems owing to its features of live monitoring and controlling, easy installation, and vibration-free operations.
Customized booster pumps having increased efficiency are attracting end-use industries such as aerospace, mining, and food processing
Both East Asia and Europe have emerged as lucrative markets for commercial booster pumps. In South Asia, the market will witness high demand from countries such as India and Thailand owing to the increasing investments made by the governments towards the development of water infrastructure
Growing applications in end use industries has created a significant demand for customized booster pumps as per the specific use in the industry. Fewer moving parts, no valves or seals are some of the customizations preferred across industries

“The increasing demand for water has led to a positive development in different water technologies which have made the commercial booster pumps industry competitive. Consumers are also looking for corrosion and chemical-resistant pumps for application across various end-use industries. Hence, booster pumps are gaining traction across various end use industries and are creating positive prospects for the market growth.” says FMI analyst.

Covid-19 impact analysis:

The ongoing pandemic has put a dent in the global economy causing many economic activities to come to a halt. This has also caused a significant plunge in the commercial booster pumps market growth. Many challenges are encountered in the areas of the supply chain, communication, imports and exports, tariffs, and currency fluctuations.

These challenges have created an unstable economic environment and a negative impact on the growth of the booster commercial pumps market. However, as the economic activities are slowing resuming, the commercial booster pump market is also expected to witness a sharp recovery.

Commercial booster pumps market competitive landscape:

The Commercial Booster Pumps Market is moderately consolidated, in which the leading players account for more than one third of the market share. The penetration of small regional players will make this market more competitive in the forecast period. Some of the key players in the market are Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd. among others. These players have higher shares in the global market, and have longstanding relationships with a number of leading end users, giving them an upper hand among their peers.

Key Segments of Commercial Booster Pumps Industry Survey

Commercial Booster Pumps Market by Pump Type:

Single-stage Commercial Booster Pumps
Dual-stage Commercial Booster Pumps
Multi-stage Commercial Booster Pumps

Commercial Booster Pumps Market by Operating Pressure:

0.5 – 1 Bar Commercial Booster Pumps
1 – 5 Bar Commercial Booster Pumps
5 – 10 Bar Commercial Booster Pumps
10 – 20 Bar Commercial Booster Pumps
20 – 25 Bar Commercial Booster Pumps
25 – 50 Bar Commercial Booster Pumps
Above 50 Bar Commercial Booster Pumps

Commercial Booster Pumps Market by End Use:

Commercial Booster Pumps for Municipal Water and wastewater Management
Commercial Booster Pumps for Groundwater & Rainwater Harvesting
Commercial Booster Pumps for District Cooling and heating
Commercial Booster Pumps for HVAC
Commercial Booster Pumps for Commercial Buildings
Commercial Booster Pumps for Agriculture & Irrigation
Commercial Booster Pumps for Fire Control & Engineering
Commercial Booster Pumps for Industrial Processes

Commercial Booster Pumps Market by Sales Channel:

Online Sales of Commercial Booster Pumps
Offline Sales of Commercial Booster Pumps

Commercial Booster Pumps Market by Region:

North America Commercial Booster Pumps Market
Latin America Commercial Booster Pumps Market
Europe Commercial Booster Pumps Market
East Asia Commercial Booster Pumps Market
South Asia & Pacific Commercial Booster Pumps Market
Middle East & Africa (MEA) Commercial Booster Pumps Market

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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PLL Clock Generator Market Poised for Remarkable Growth: Anticipates a 5.9% CAGR, Envisioned to Surpass US$ 11,182.7 Million by 2032

The global demand for the PLL clock generator market is expected to reach approximately US$ 6,322.9 million in 2022. It is projected to experience a steady growth rate, with a CAGR of 5.9% over the period from 2022 to 2032, ultimately reaching a value of around US$ 11,182.7 million.

This growth can be attributed to several factors, including the increasing trend towards digitalization and the growing reliance on semiconductor technology. Notably, in the previous five years, from 2016 to 2021, the PLL clock generator market exhibited a CAGR of 4.6%, indicating a consistent upward trajectory.

Today clock generators have become the basic building blocks of all electronics. They have a wide variety of applications, ranging from a small memory chip to a supercomputer. Clock generators basically generate waveforms, which are required for working at a particular frequency, as required by the equipment.

In many applications, oscillators are used for the same, but a clock generator can generate a variety of frequencies, which cannot be generated using an oscillator. Basically, a clock generator has two components, namely resonators and crystals.

Apart from the umpteenth of uses of clock generators, PLL clock generators came into the market because of the additional advantages it carry like low noise and jitter. Basically, a PLL is a phase-locked loop, which is used to remove the error that occurs in the frequency generated.

It removes the error in the frequency by comparing the output with a reference signal and then generates an error signal, and the output signal gets corrected by the error signal, by either decreasing or increasing it, and then the correct signal is locked which is then sent to the specified application, thus improving the accuracy of the generated frequency.

Global Market of PLL Clock Generator: Drivers and Restraint:

With the increasingly stringent timing constraints required in high-performance systems extensively used in day-to-day applications today, the PLL clock generator is finding its applications in myriads of devices. This extensive use of PLL clock generators is expected to increase its demand in the market, witnessing a healthy CAGR in the forecast period.

Phase/delay compensation, frequency multiplication, duty cycle correction, decreased noise, and jitter are some of the key benefits, offered by the PLL clock generator, which are not present in the simple clock generators. As the PLL clock generator is the basic building block of any system, these benefits basically eliminate all the errors that can occur while frequency generation. This highly reduces the probability of errors in the overall system, may the PLL clock generator is deployed in any system.

Factors such as high cost can be expected to make a negative impact on the market in the short term, but as the benefits from the PLL clock generator are ascertained, the overall impact will diminish in the long term. However, the paradigm shift from using basic clock generators to PLL clock generators, due to reduced jitter and noise, thereby increasing the overall efficiency of the systems in which the PLL clock generators are deployed, is expected to continue propelling the market for PLL clock generators during the forecast period

Asia Pacific continues to be the hotbed of the electronics market, thus propelling most of the demand for the PLL clock generators. Further, the North America market led by the US is expected to remain the second largest market for PLL clock generators, the trend expected to continue over the years, followed by Western Europe also expected to witness a healthy CAGR

Key development:

Product launch

In August 2015, Texas Instruments launched LMK03328. The product has an edge over the other PLL clock generators because of an Ultra-Low Jitter Clock Generator and can generate multiple clocks for various multi-gigabit serial interfaces and digital devices which improves reliability and the ultra-low jitter reduces the bit error rate in high-speed serial links
In October 2022 Renesas Electronics Corporation a premier supplier of advanced semiconductor solutions announced that it has completed the acquisition of Steradian Semiconductors Private Limited (Steradian), a fabless semiconductor company providing 4D imaging radar solutions
In July 2021 – Cirrus Logic, Inc. announced the acquisition of California-based Lion Semiconductor for $335 million in cash. This acquisition brings unique intellectual property and products for power applications in smartphones, laptops, and other devices and accelerates the growth of the company’s high-performance mixed-signal business.
In October 2020 – Microchip Technology Inc. announced the acquisition of Tekron International Limited, a global leader in providing high-precision GPS and atomic clock time-keeping technologies and solutions for the smart grid and other industrial applications.

Leading Key Players:

Cirrus Logic
Microsemi Corporation
ON Semiconductor
Maxim Integrated
Integrated Device Technology Inc.
Texas Instruments Incorporated

PLL Clock Generator Market Segmentation:

By Output Frequency:

Less than 200 MHz PLL Clock Generator
200 to 400 MHz PLL Clock Generator
400 to 600 MHz PLL Clock Generator
600 to 800 MHz PLL Clock Generator

By Output Stage:

CMOS
CMOS, PECL
Clock
PECL
LVCMOS

By Region:

North America PLL Clock Generator Market
Latin America PLL Clock Generator Market
Europe PLL Clock Generator Market
Asia-Pacific PLL Clock Generator Market
Middle East & Africa. PLL Clock Generator Market

Request for a Sample of this Research Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-5178

About Future Market Insights (FMI)

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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FMI Study Indicates Global Air Pollution Control Systems Market Valuation to Reach USD 178.8 Billion by 2033, Driven by 7.8% CAGR

The global air pollution control systems market is primed for significant advancement, with Future Market Insights projecting an impressive valuation of USD 84.3 billion in 2023. Positioned for robust and sustained growth, the sector is projected to experience a formidable Compound Annual Growth Rate (CAGR) of 7.8% from 2023 to 2033, reaching a remarkable valuation of USD 178.8 billion by the decade’s conclusion.

This expansion is propelled by the increasing global vehicle population and the continual expansion of industrial sectors, synergistically driving the demand for air pollution control systems. These indispensable systems play a pivotal role in capturing and eliminating harmful particulates from industrial emissions, thereby promoting a cleaner and more environmentally responsible approach to managing air quality.

Surging Demand for Air Pollution Control Systems Driven by Stricter Regulations and Sustainability Focus:

Governments worldwide are adopting stringent environmental regulations to combat air pollution and harmful emissions. This has spurred the rapid growth of the air pollution control systems market, as industries seek compliant and efficient solutions. The increasing emphasis on sustainability and the transition to cleaner energy sources further propel the demand for air pollution control technologies. Industries are actively striving for reduced carbon footprints and cleaner practices, amplifying the need for air pollution control systems.

Advancements in air pollution control technologies have yielded more effective and cost-efficient solutions. Technological progress in electrostatic precipitators, fabric filters, scrubbers, and catalytic converters has bolstered their performance and attractiveness across diverse industry sectors. As industrialization expands in developing nations, the demand for air pollution control systems continues to surge. Governments and industries in these regions are notably investing in cleaner technologies to address environmental concerns, further driving market growth.

Key Insights from the Air Pollution Control Systems Market:

Anticipated to attain a valuation of USD 19.8 billion by 2023, the Chinese air pollution control systems market demonstrates robust growth prospects.
Scrubbers are poised to exhibit a commendable 7.7% CAGR from 2023 to 2033, emerging as a promising product segment.
Forecasts by industry experts indicate that air pollution control systems demand will capture a significant 72.60% market share in the United States by 2033.
The United Kingdom’s air pollution control systems market is projected to expand at a notable 7.5% CAGR by 2033.
South Korea’s air pollution control market is predicted to reach a noteworthy USD 10.2 billion valuation by 2033.
Within the application spectrum, the chemical industry is expected to fuel sales growth with a solid 7.5% CAGR.

Competitive Landscapes:

Air pollution control systems market is characterized by a plethora of prominent players offering an extensive array of products. The competition among these entities is influenced by factors like product innovation and competitive pricing.

These businesses actively engage in Research and Development to cater to customer requirements, introduce novel products, and optimize performance. Market expansion strategies encompass collaborations, mergers, acquisitions, and partnerships to strengthen their foothold in the industry.

Key Players Operating in the Industry:

Babcock & Wilcox Enterprises Inc.
Beltran Technologies Inc.
Elex aG
Feida Group Company Limited
FLSmidth & Co. A/S
Fujian Long King Co. Ltd.
Hamon
John Wood Group Plc
KC Cottrell Co., Ltd.
Mitsubishi Hitachi Power Systems Ltd

Segmentation Analysis:

By Product:

Scrubbers
Thermal Oxidizers
Catalytic Converters
Electrostatic Precipitators
Others

By Application:

Chemical
Iron & Steel
Power Generation
Cement
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia and the Pacific
East Asia
Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us:

Global Domestic Booster Pumps Market Anticipated to Reach USD 5,732.3 Million Mark by 2033, Driven by a Decent 7.2% CAGR Growth

The domestic booster pumps market is set for significant expansion, with a resilient Compound Annual Growth Rate (CAGR) of 7.2% expected over the forecast period. Projections indicate a noteworthy valuation of USD 5,732.3 million by 2033, reflecting a substantial increase from its 2023 value of USD 2,860.1 million, according to insights provided by FMI.

This surge is driven by the exponential growth in global population alongside an escalating demand for water resources. As the pursuit of clean water intensifies among a burgeoning populace, there is a noticeable uptick in the demand for domestic booster pumps. These essential devices, crucial for maintaining consistent water pressure, have become integral to contemporary living, highlighting their pivotal role in shaping evolving market dynamics.

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Factors Driving the Growth of the Domestic Booster Pumps Market:

Growing Awareness of Energy Efficiency: A Catalyst for Market Expansion

The market’s growth can be attributed to a heightened awareness among consumers regarding the presence and benefits of energy-efficient technologies. This awareness is driving a shift towards more efficient solutions, fueling the demand for domestic booster pumps.

E-commerce Expansion: Expanding Sales Avenues for Domestic Booster Pumps

The burgeoning e-commerce industry is significantly broadening the sales channels for domestic booster pumps. This increased online presence is providing consumers with enhanced accessibility and convenience in acquiring these essential water management devices.

Urbanization and Residences Surge: Fostering Demand for Residential Booster Pumps

The rapid urbanization observed in emerging economies is leading to a surge in residential development. As a result, the demand for booster pumps tailored for domestic and residential applications is experiencing a corresponding upswing, driven by the increasing number of households.

Key Insights:

The 50-150 W segment is projected to command nearly one-third of the global market value. Pumps within this power range are particularly suited for medium-sized buildings, driving their significant market share.
When categorized by water pressure, the 1 bar segment is forecasted to contribute to over two-fifths of the market value by the end of the forecast period.
In terms of applications, domestic booster pumps find predominant use in gardening sprinklers and pipes, capturing approximately 40% of the total market value.
The offline sales segment is expected to retain the major portion of revenue, while the online sales segment is set to exhibit robust growth rates.
East Asia, spearheaded by China, is positioned to dominate the global market value. This dominance is buoyed by the thriving residential construction sector in the region.
The combined market share of North America and Europe is substantial, attributed to the presence of key market players in these regions.

Who is Winning?

Domestic booster pumps manufacturers are directing their efforts towards the research and development activities to produce booster pumps with innovative features. On these lines, plug-and-play booster pumps have emerged as a lucrative design and an increasing number of players are jumping on to the bandwagon to develop energy-efficient designs.

FMI’s report includes profiles of some of the most prominent names in the market including Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd., LEO Group, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, CAT Pumps, Zoeller Company, Luckpump Machinery Co., Ltd, Mazzoni SRL, Vossche Pump Group, among others.

Key Segments Covered in the Domestic Booster Pumps Market Report:

Domestic Booster Pumps Market by Rated Power:

10 – 50 W Domestic Booster Pumps
50 – 150 W Domestic Booster Pumps
150 – 300 W Domestic Booster Pumps
Above 300 W Domestic Booster Pumps

Domestic Booster Pumps Market by Water Pressure:

0.5 Bar Domestic Booster Pumps
1 Bar Domestic Booster Pumps
Above 1 Bar Domestic Booster Pumps

Domestic Booster Pumps Market by Application:

Domestic Booster Pumps for Kitchens
Domestic Booster Pumps for Bathrooms
Domestic Booster Pumps for Water Heater Units
Domestic Booster Pumps for Gardening Sprinklers & Pipes

Domestic Booster Pumps Market by Sales Channel:

Online Sales of Domestic Booster Pumps
Offline Sales of Domestic Booster Pumps

Region:

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific excluding Japan (APEJ)
Japan
The Middle East & Africa (MEA)

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

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Global Acrylic Teeth Market Set to Reach USD 995.72 Million by 2033 at a 8.5% of CAGR

Acrylic Teeth Industry — Acrylic Teeth Market

The global acrylic teeth market is projected to grow significantly, with revenue expected to increase from USD 440.39 million in 2023 to approximately USD 995.72 million by 2033. This growth corresponds to a compound annual growth rate (CAGR) of 8.5% over the forecast period.

The rise in demand for acrylic teeth is primarily attributed to the growing prevalence of dental prosthetics and increasing awareness of oral health. Acrylic teeth are favored for their durability, aesthetic appeal, and affordability, making them a popular choice for dental restorations, particularly in dentures.

This robust market expansion presents valuable opportunities for manufacturers, dental professionals, and research institutions focused on enhancing product quality and innovation in dental materials, ultimately improving patient satisfaction and outcomes in dental care.

Key Contributing Indicators

In the acrylic teeth sector, a new process known as 3D imaging was introduced. It is a piece of software that helps with the planning and processing of endodontic procedures.
The market has growth potential due to increased development in cosmetic dentistry and an increase in the geriatric population.
The growing edentulous population provides a lucrative potential for market expansion.
Inadequate dental hygiene and systemic degenerative diseases surge the acrylic teeth market. A lack of proper nutrition and improper oro-dentofacial morphology can all contribute to market expansion.

Dynamics in the Market

The acrylic teeth market is expanding because acrylic teeth are simple to make and are natural. The market benefits from a boost in the edentulous population, an increase in the rates of dental caries, and a rise in the population’s disposable income.
Acrylic teeth are preferred by patients over porcelain teeth because of their advantages. Porcelain teeth are permanent, and removing them is not an option. One of the primary motives driving market expansion is their adaptability.
The purchasing power of emerging nations has expanded along with their per capita disposable income. This enables the populace to invest more in personal care and opt for teeth that look better and work better.

Regional Outlook

What Causes Powerful Sales in North America and South America?

Over the projection period of 2023 to 2033, North America and South America regions are anticipated to grow quickly at a solid CAGR. The market in the Americas grew as a result of the innovation.

The adult population in North America in need of a full maxillary or mandibular denture increased by 37.9% in 2019, according to the NCBI report.

It is anticipated that the South American industry may advance due to the rising costs in the dental sector. The United States market is expanding steadily due to the expanding patient base and the growing significance of acrylic teeth.

Is the Asia Pacific Gaining Traction in the Market?

Over the forecast period, the Asia Pacific region is anticipated to lead the acrylic teeth market. This is a result of the region of Asia and the Pacific experiencing an upsurge in dental conditions that ultimately result in tooth loss. The expansion of the market in this area is attributable to increased public awareness of dental prosthetics and betterment in reimbursement practices.

Prominent Acrylic Teeth Manufacturers

Yamahachi Dental MFG Co
Toros Dental Ltd
LuxCreo Inc.
Dental Manufacturing SpA
SHOFU Dental ASIA-Pacific Pte Ltd
Dentsply Sirona Inc
New Stetic SA
Kulzer GmbH
Ivoclar Vivadent AG
Shanghai Pigeon Dental Mfg Co Ltd

A Full Report Overview

Key Segments

Type:

Partial Denture
Complete Denture
Overdenture

Application:

Functionality
Aesthetics

Technology:

CAD/CAM
3D Printing

Region:

North America
South America
Europe
Asia Pacific

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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FMI Study Indicates Global Gate Valve Market to Exceed USD 24.3 Billion Revenue by 2033, Driven by 5.0% CAGR Growth

The global gate valve market is set for significant expansion, with projected revenues reaching USD 14.8 billion by 2023. Industry forecasts indicate a consistent Compound Annual Growth Rate (CAGR) of 5.0% from 2023 to 2033. This trajectory positions the gate valve market to achieve a noteworthy milestone of USD 24.3 billion by the end of the assessment period, underscoring its resilience and substantial growth potential.

Central to this growth narrative are the strategic initiatives implemented by industry frontrunners. These market leaders strategically focus on seizing opportunities in offshore and chemical gate projects, effectively strengthening their presence and market dominance within the gate valve sector. Their forward-thinking actions align seamlessly with the escalating demand for gate valves in critical industries such as energy, oil and gas, and chemical processing.

Gate Valves: Essential Components for Oil & Gas Sector Operations

Gate Valves play a pivotal role within the oil & gas sector, acting as crucial tools for controlling the flow of hydrocarbons during exploration, drilling, and production endeavors. These valves find extensive usage in key infrastructure elements such as wellheads and Christmas trees, where they assume the responsibility of managing oil & gas flow, upholding safety standards, and preventing potential leaks.

The versatile application of Gate Valves spans across both the upstream (exploration and production) and midstream (transportation and storage) segments of the oil & gas industry. In the upstream domain, these valves are strategically placed at wellheads and production facilities. Meanwhile, within the midstream sector, Gate Valves find their role in pipelines and storage tanks, facilitating the smooth transportation and storage of fluids.

Key Insights from Gate Valve Market Analysis:

Sales of Gate Valves witnessed strong growth with a CAGR of 4.8% from 2018 to 2022.
The wedge Gate Valves segment is expected to hold a significant market share of 45.4% by 2023 based on disc type.
The oil & gas segment is projected to create a considerable absolute dollar opportunity of USD 2,634.9 Million in 2023, in terms of end-use applications.
Geographically, North America is poised to contribute substantially, accounting for more than 24.7% of the total market value in 2023.
Brazil is anticipated to generate an incremental opportunity of USD 354.7 Million in 2023.

Prominent Players in the Gate Valve Market:

Emerson Electric Co.
Flowserve Corporation
AVK Holding A/S
Velan Inc.
DeZURIK Inc.
Zhejiang Zhongcheng Valve Co. Ltd.
Crane Co. Ltd
Tecofi
Weir Group PLC
Bray International
Others

Recent Noteworthy Developments:

Weir Minerals introduced the Isogate WR knife gates valve in March 2012, offering a substantial enhancement in valve performance for mine and aggregates operators.
AVK Valves launched four new sizes of Gate Valves featuring PE ends with outer pipe dimensions of 450, 500, 560, and 630 mm in February 2020. These additional sizes are available in PN10 and PN16 in black/blue basic pipes.

Gate Valve Market Segmentation:

By Disc Type:

Wedge Gate Valve
- Solid Wedge
- Flexible Wedge
- Split Wedge
Parallel Slide Gate Valve
Knife Gate Valve
Slab Gate Valve

By Valve Material Used:

Cast Iron
Steel
- Carbon Steel
- Stainless Steel
- Alloy Steel
- Cast Steel
Brass
Bronze
Plastic
- PVC
- CPVC
- PP
- Others

By Size:

0.25 inch to 2 inch
3 to 12 inch
14 to 30 inch
More Than 30 inch

By End Use:

Oil & Gas
- Upstream
- Midstream
- Downstream
Water and Wastewater Treatment
- Flow Control
- High-pressure Applications
- Corrosive Fluid Handling
- Others
Chemical and Petrochemical
Power Generation
- Steam System
- Cooling System
- Fuel Supply System
- Others
Mining and Minerals
HVAC
Marine and Shipbuilding
Others

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia Pacific
East Asia
Middle East and Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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FMI Prediction Affirms Americas Steel Pipes Market Share Estimated to Exceed USD 35.3 Million by 2033, Growing Steadily at 3.6% CAGR

The Americas steel pipes market is poised for robust growth, with a projected market value reaching USD 24.8 million by 2023 and further expanding to USD 35.3 million by 2033. This anticipated growth trajectory is underpinned by a Compound Annual Growth Rate (CAGR) of 3.6%, signifying sustained positive momentum throughout the forecast period.

The steel pipes market in the Americas is expected to grow steadily but moderately, with growth in niche sectors such as mining and automotive production. The Americas steel pipes market is likely to reflect steady. However, the industry is likely to face challenges in terms of substitute pipe materials such as plastic and iron, as well as high production and installation costs for steel fixtures.

The oil and gas industry applications are anticipated to be the main source of income, especially with the discovery of unconventional sources and techniques like shale and fracking, according to analysts from FMI.

Recent Companies Developments:

ArcelorMittal: ArcelorMittal has taken strategic steps to optimize its operations, divesting its United States assets to Cleveland Cliffs Inc. for a valuation nearing 1.4 billion. This move reflects the ongoing trend among steel manufacturers to streamline operations and strengthen market presence through consolidation. Additionally, the company is poised to enhance its capabilities with the unveiling of a new electric arc furnace facility at its Calvert, Alabama operations, featuring state-of-the-art hot dip galvanizing lines.

Tenaris: In response to market dynamics, Tenaris has announced plans to rationalize operations at its melt facilities across the United States due to the significant downturn in oil prices. This decision has resulted in layoffs and equipment idling, including facilities in Koppel and Ambridge. Concurrently, Tenaris is diversifying its portfolio with the acquisition of IPSCO Tubulars, a prominent pipe manufacturer based in Houston, in a deal valued at approximately 1.1 billion.

Gerdau S/A: Gerdau S/A has embarked on a trajectory of expansion and optimization, signaling the reopening of operations at its Ouro Branco plant in South Eastern Brazil. This move is anticipated to augment the company’s production capacity by 1.5 million tons annually. Additionally, Gerdau S/A has forged a strategic partnership with SKF to enhance productivity and minimize downtime across its Brazilian facilities. However, the company is also navigating challenges, with plans for substantial downsizing at its Saint Paul plant due to the idling of operations.

Who is Winning?

In its report, Future Market Insights has given detailed analysis on the many strategies being used by manufacturers in the Americas steel pipes market. Key players are emphasizing on investments towards capacity expansions and strategic acquisitions and divestments in line with changing demand in the region.

Some of the leading players in the industry include Arcelor Mittal, Tenaris, Gerdau S/A, American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz plc, Nippon & Sumitomo Steel, and JFE Holdings Corporation among others.

Key Companies:

American Cast Iron Pipe Company
Baosteel Group Corporation
Evraz Plc
Nippon Steel & Sumitomo Metal Corporation
JFE Holdings Corporation
Hyundai Steel Company
TMK Group
United States Steel
Tata Iron and Steel
VALLOUREC
Nucor Corporation
Zekelman Industries

Key Segments Covered:

Material type:

Carbon Steel
Alloy Steel
Stainless Steel

End Use:

Construction

Residential & Commercial
Civic Infrastructure

Mining
Municipal Water Supply and Treatment Utilities
Industrial

Automotive
Chemicals & Petrochemicals
Oil & Gas Pipelines
Power Generation
Others (textile, pharmaceuticals)

Design:

Seamless
Welded

Country:

Brazil
Argentina
Mexico
Canada
U.S

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

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Global Portable Dehumidifier Market Size Estimated to Cross USD 1.1 Billion Mark by 2033, Driven by 8% CAGR Growth | FMI Analysis

The global portable dehumidifiers market is anticipated to witness significant expansion, with forecasts indicating a remarkable valuation of USD 1.1 billion by 2033. Building upon a solid foundation established at USD 470.6 million in 2022, industry projections suggest a notable increase to USD 513 million by 2023, setting the stage for unprecedented growth over the coming decade.

Central to this surge is the rising demand for smart and connected portable dehumidifiers. With consumers placing increasing emphasis on convenience and energy efficiency, manufacturers are leveraging cutting-edge technology to introduce innovative products boasting enhanced control and monitoring capabilities. This fusion of advanced technology and practicality not only reshapes the landscape of the portable dehumidifiers market but also cultivates a growing base of technologically adept consumers.

As the market continues to evolve, the convergence of technology and practicality positions portable dehumidifiers as indispensable solutions for modern living, driving exponential growth and setting new standards of excellence within the industry.

Future Innovations in Portable Dehumidifiers: Solar-Powered Operation, Precision Humidity Control, and Environmentally-Friendly Refrigerants

As solar energy technology advances, the future might bring Portable Dehumidifiers equipped with solar panels, enabling partial or full operation using renewable energy – a valuable feature in emergencies or off-grid scenarios. Incorporating moisture sensing technology, upcoming models will precisely regulate humidity levels to prevent excessive dehumidification. Anticipated advancements involve the use of eco-friendly refrigerants with lower global warming potential (GWP) than conventional ones like R-410A, contributing to reduced environmental impact.

Key Insights from Market Analysis:

Dehumidifiers with refrigerants are projected to grow at a 7.9% CAGR from 2023 to 2033.
China’s demand for Portable Dehumidifiers is set to increase by an 8% CAGR by 2033, as per FMI.
The US market for Portable Dehumidifiers is estimated to reach USD 223 million by 2033.
Portable Dehumidifiers with power up to 100 watts are expected to achieve a 7.8% CAGR in sales.
Refrigerant-based Portable Dehumidifiers are likely to be the most sought-after, targeting a 7.9% CAGR.
Between 2023 and 2033, the global Portable Dehumidifiers market is projected to experience an absolute dollar growth of USD 597.4 million.

“The rising demand for Portable Dehumidifiers is driven by the popularity of connected devices and the need for cost-effective solutions. With growing concerns about indoor air quality, the market for small portable devices is expected to witness significant growth in the coming years,” noted an FMI analyst.

Competitive Landscape and Market Dynamics:

The portable dehumidifier market features a multitude of key players offering a diverse range of products. Competition among these companies is shaped by factors such as product innovation and competitive pricing strategies.

Companies Invest in Innovation:

Strategically investing in research and development to cater to evolving customer needs, introduce novel products, and enhance performance is a prominent approach for companies. Market presence expansion is achieved through partnerships, mergers, and acquisitions.

Recent Market Developments:

In July 2023, the introduction of the Costway 10000 BTU 4-in-1 air conditioner and dehumidifier garnered attention. Noted for its compact size and minimal intrusion, this machine offers versatile functionality including ventilation, drying, air cooling, and sleep modes. It employs the environmentally friendly R410A refrigerant, showcasing a commitment to sustainability.

Leading Companies in the Portable Dehumidifier Market:

Honeywell International
Black+Decker Inc.
Eva-Dry
Frigidaire
General Electric Company
LG Electronics
Bry-Air (Asia) Pvt. Ltd.
Hysure
Origin Corporate Services Pvt. Ltd.
Pro Breeze

Portable Dehumidifiers Market Segmentation:

By Type:

Refrigerant Dehumidifiers
Desiccant Dehumidifiers
Peltier Dehumidifiers

By Power:

Up to 100 Watt
101 to 300 Watt
More than 300 Watt

By Capacity:

Large
Medium
Small

By Application:

Residential
Commercial
Industrial

By Sales Channel:

Online
- E-commerce Websites
- Company-owned Websites
Offline
- Supermarkets & Hypermarkets
- Specialty Stores
- Other Retail Stores

By Region:

North America
Latin America
Western Europe
Eastern Europe
South Asia & Pacific
East Asia
Middle East & Africa

Access Report Details for More In-Depth Information!

Author:

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

About Future Market Insights (FMI)

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

Contact Us: