Fine Hydrate Market is Estimated to Register a Strong CAGR of 7.2% CAGR from 2021-2031

In a recent market survey, Future Market Insights (FMI) has projected the global fine hydrates market size to total US$ 371.6 Mn in 2021, with sales growing at a robust 7.2% CAGR throughout the forecast period. Growing demand for fine hydrates for the production of thermoplastics, polyester resins, and engineered plastic from various end-use industries is expected to drive growth of the market.

As per FMI, demand for fine hydrate is expected to grow year-over-year by 7.40% between 2020 and 2021, with total volume reaching 531.1 Mn Tons in 2021. Fine hydrates are increasingly adopted in the automotive sector to produce lightweight vehicles. Shifting consumer preference for lighter vehicles driven by stringent regulations to curb carbon emissions is expected to have a positive impact on demand for fine hydrates in the forthcoming years.

Besides this, fine hydrates are used in the paints and coatings industry for improving the color payoff in pigments and enhancing transparency in coatings. Rising focus on the visual appeal of automobiles is spurring demand for fine hydrates in the paints and coatings segment for automotive refinishing. This trend is expected to bode well for the fine hydrate market.

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The advent of nanotechnology to reduce the particle size of fine hydrate will continue propelling sales over the forecast period. Smaller particle size of fine hydrates will make them more effective in fire retardants, which in turn will fuel prospects for the sales in the market.

As per the report, the U.S., Germany, and China are projected to emerge as key exporters of fine hydrates. Demand for fine hydrates in the automotive sector in the U.S. is expected to remain high. Meanwhile, expansion of the construction and consumer electronics sector will continue augmenting sales in Germany and China.

“Growing demand for non-halogenic fire retardants made from eco-friendly materials is expected to fuel the demand for fine hydrates. Apart from this, increasing adoption of fine hydrates in nanoclays for applications in wires and cables in the construction sector will continue augmenting growth of the market through 2031,” says an FMI analyst.

Key Takeaways:

  • In terms of applications, sales of fine hydrate in the cable compound segment are projected to remain high over the forecast period.
  • The U.S. is expected to dominate the North America fine hydrate market. Sales in North America are projected to rise at 5.20% CAGR.
  • Germany will emerge as a lucrative fine hydrate market. Demand for fine hydrate in Europe is anticipated to increase at 6.4% CAGR through 2031.
  • Sales of fine hydrate in China are projected to continue rising, positioning it as an attractive fine hydrate market in East Asia.
  • Japan and South Korea will collectively account for 6.9% of the total fine hydrate market share in 2021.

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Competitive Landscape

Nabaltec AG, Huber Engineered Materials, Hindalco Industries Limited, Sumitomo Chemical Co. Ltd., Alumina Castables & Chemicals Private Limited, Aluminium Corporation of China Limited (CHALCO), JINAN CHENXU CHEMICAL CO., LTD., and Henan Kingway Chemicals Co., Ltd are among the leading manufacturers of fine hydrate.

As per FMI, top 5 fine hydrate players comprising Huber Engineering Materials, Nabaltec AG, Hindalco Industries Ltd., Aluminum Corporation of China Limited, and Sumitomo Chemicals Co. Ltd are expected to command 55-60% of the total fine hydrates market in 2021.

Leading fine hydrate market players are aiming to expand their production facilities through mergers, acquisitions, and joint ventures to gain a competitive edge in the market. Further, players are investing in research and development to diversify applications of fine hydrates in various end-use industries. For instance:

  • In August 2020, Nabaltec AG, announced the opening of their latest U.S. production facility called Naprotec LLC located in Chattanooga, Tennessee. The new state-of-the-art plant is dedicated to the production of a wide variety of Alumina Trihydrate (ATH), fine precipitated ATH grades, and performance enhanced ATH products.

More Insights into the Fine Hydrate Market Report

In its latest report, FMI offers an unbiased analysis of the global fine hydrate market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031.

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In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of applications (cable compound, sheet molding compounds, and bulk molding compounds) across seven regions (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa).

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Combi Ovens Market Research, Segmentation, Key Players Analysis and Forecast to 2027

A new report on combi ovens provides perceptive insights on the chronological growth flight of the market along with the future prospects and present scenario. The report offers an exclusive analysis of the global market and also presents insights on regions and other segments.

Combi Ovens Market: Overview

The report offers a complete summation of the market including an official abstract that draws out the centre examples progressing in the market. It also discusses on a couple of facets, for example, drivers and obstacles that have been observed as well as predictions with respect to growth trajectory of the global market. It also acquaints readers with figures related to volume, value, and development rate of the market. With reverence to market segmentation, each segment is analysed and presented in the report. It also gives an assessment in light of the market condition, and moreover presents a value chain analysis of the products and applications in concern. A year to year progression of the market has likewise been offered in the report for the reader to be predominantly aware of the altering scenario of the market.

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Combi Ovens Market: Segmentation

Region

  • North America
  • Latin America
  • Western Europe

End Use

  • Hotels & Restaurants
  • Bakery Stores
  • Retail Outlets
  • Domestic & Institutional

Combi Ovens Market: Research Methodology

The report is the end result of the cautious research work of the market analysts employing reliable sources. The information introduced has been studied carefully by industry experts of FMI. The data that has been presented here has been assembled from various tried and tested sources. The figures have also been checked by the analysts and can be used to settle on key decisions and formulate strategies.

Combi Ovens Market: Competitive Dashboard

The market study conveys an immense outlook on the engaged scene of the overall combi ovens market. It features the rivalry prevalent among the present vendors in the market and also puts weight on the future circumstance of the market. The profile of the players is based on a SWOT examination sought down by company angle, product portfolio, strategies, finance related information, and year-to-year projections. The organisations have been explored minutely covering their key developments, innovations as well as mergers and acquisitions and agreements with other prominent establishments.

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Reasons to invest in our report

The reports made by our industry analysts are credible and have been researched and validated from several primary and secondary resources. What makes us unique is the fact that along with presenting an analysis of the market’s historical and present scenario, we also present a forecast review of the market for the benefit of our reader. The presentation is exclusive in the form of various charts, tables, and diagrams. Every bit of information present in the market research report is unique. Expert opinions are also present in the study that can be directly used by the readers to make future decisions.

Global Combi Ovens Market by Category

By Product Type, the Global Combi Ovens Market is segmented as:

  • Steam Generated
  • Boilerless

By Power Unit, the Global Combi Ovens Market is segmented as:

  • Gas
  • Electric

By Capacity, the Global Combi Ovens Market is segmented as:

  • Low
  • Medium
  • Heavy

By End-use, the Global Combi Ovens Market is segmented as:

  • Hotels & Restaurants
  • Bakery Stores
  • Retail Outlets
  • Domestic & Institutional
  • Commercial Kitchens

By Region, the Global Combi Ovens Market is segmented as:

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

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Scissor Lifts Market to Achieve A High CAGR Of 3.5% During Forecast Period -2031 | Says FMI

The global scissor lifts market is expected to grow at a 3.5 % CAGR through 2031. Scissor lifts are an aerial work platform access equipment that is used for safe and efficient elevated material handling in a variety of industries.

With a shift from mature, saturated markets like North America and Western Europe to emerging economies like China, ASEAN, and other South East Asia & Pacific countries, the global scissor lifts market is going through a significant transformation. The booming construction industry across developing nations is a major factor supporting this expansion.

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors fuelling the demand for scissor lifts. The report tracks the global sales of scissor lifts in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the end-use industry in general, and scissor lifts in particular.

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With rental companies playing a pivotal role in the scissor lifts market, organization in the rental industry are expected to focus on expanding their network across developing countries, creating new growth prospects for manufacturers.

Key Takeaways from Scissor Lifts Market Study

  • Scissor lift market will expand at a steady pace, exhibiting 3.5% CAGR between 2021 and 2031
  • The U.S. is expected to account for over 40% sales of scissor lifts
  • U.K. will remain key market in Western Europe
  • Germany and France will continue exhibiting high demand backed by rising construction activities
  • Sales in Japan and South Korea to increase at a positive pace

“In addition to keeping long-term alliance with their key buyers, companies are offering training courses for operators and focusing on expanding their product range by including electric, hybrid or bi-energy scissor lifts to cater the growing demand for aerial work platforms across the world” said a lead FMI analyst.

What’s the Future Outlook?

Growing shift towards hybrid lift development which help rental fleet owners to leverage the flexibility of scissor lift performance for higher utilization and longer term rentals is set to be remain as prominent force in shaping the scissor lifts market.

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Who is winning?

Some of the leading companies operating in the scissor lifts market are Terex Corporation (Genie), JLG Industries, Inc., Linamar Corporation (Skyjack), Snorkel International, Haulotte Group, and Zhejiang Dingli Machinery Co, Ltd. These companies are incorporating new environmental-conscious technologies. Along with this, they are fine-tuning their expansion strategies to gain competitive edge.

For instance, Haulotte announced launching two new mobile elevating work platforms that have fully electric architecture to offer excellent performance, while reinforcing direction taken by the company towards environmentally friendly alternative energies.

Scissor Lifts Market Key Segments

Platform Height

  • Up to 30′
  • 30′ – 50′
  • More than 50′

Ownership

  • AWP Rental Service Providers
  • End-Use Industries
    • Construction
    • Entertainment
    • Commercial
    • Manufacturing
    • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • SEA
  • MEA

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Extruders and Compounding Machines Market Research, Segmentation, Key Players Analysis and Forecast to 2027

Future projections on this market have been chalked to assess the growth path of the market. An in-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of 10 years has been drawn that can support the reader in slating future moves.

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Global Extruders and Compounding Machines Market: Forecast Highlights

The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2017-2027. The global extruders and compounding machines market was valued at around US$ 11 Bn in 2017 and is estimated to reach a valuation of more than US$ 18 Bn by the end of the year of assessment (2027).

Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market. Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

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Global Extruders and Compounding Machines Market: Key Segmental Outlook

The global extruders and compounding machines market is segmented on the basis of product type, application, end use industry and region.

  • By product type, the adoption of twin screw is expected to dramatically rise in the coming years. This makes the twin screw segment highly attractive and it is projected to grow at the fastest rate to reach a high valuation by the end of the forecast period
  • In the application category, speciality plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the master batch production segment is projected to grow at a significant pace in the coming years
  • By end use industry, plastics industry segment and food and beverage segment have largely contributed to the growth of the global extruders and compounding machines market. Plastics industry segment leads the way
  • In the region category, Asia Pacific excluding Japan (APEJ) is anticipated to radiate high market attractiveness. The extruders and compounding machines market in APEJ region is the largest with a significant market valuation and is projected to expand at a high value CAGR of 5.7% throughout the period of forecast

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Global Extruders and Compounding Machines Market: Competitive Landscape

The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines. Key companies such as Toshiba Machine Co., Ltd., The Japan Steel Works Ltd., Coperion GmbH, Battenfeld-Cincinnati, NFM Welding Engineers, Inc., Clextral S.A.S., KraussMaffei Berstorff GmbH, Leistritz AG, Davis-Standard, LLC, Theysohn Extrusionstechnik GmbH, Everplast Machinery Co., Ltd., Breyer GmbH, Rajoo Engineers Limited, Gneuss Kunststofftechnik GmbH, Cheng-Hua Machinery Co., Ltd., Kabra Extrusion Technik Ltd., and SML Maschinengesellschaft mbH are covered in this research study.

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HID Ballast Market Current Trends And Future Growth Estimations Outlook To 2027

The global HID ballast market is expected to decline gradually over the period of 10 years between 2022 and 2027. This market is expected to register a growth rate of -9.8% during the forecasted period. In a bid to sustain revenue growth, key market players are laying emphasis on increasing their product offerings and providing innovative products to achieve competitive edge, specifically over other local players.

One of the significant reasons behind the declining growth of the market is increasing replacement of HID with new energy efficient LED luminaries. Global sales of HID ballasts is estimated to be valued at US$ 6.8 Bn in 2022 and this is projected to drop down to US$ 3.6 Bn by 2027.

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Global HID Ballast Market: Key Regional Takeaways

  • Increasing government investments for the replacement of conventional lighting with energy efficient lighting systems is expected to provide traction in the North America HID ballast market during the forecast period
  • Growing adoption and subsequent sales of energy efficient lighting systems for enhanced outdoor brightness in areas such as stadiums and parking spaces is expected to create an opportunity for electronic ballasts over the forecast period
  • Rising replacements of tunnel lighting and street lighting as well as a growing trend for decorative lighting is estimated to propel the Latin America HID ballast market throughout the forecast period
  • Regional manufacturers are focussing on increasing the illumination efficiency of car headlights. This may influence the application of HID ballast in the automotive sector during the forecast period

Global HID Ballast Market: Forecast by Sales Channel

The sales channel segment comprises offline and online segments. Offline sales has been a prominent channel for most of the market players due to the fact that they gain direct access to the customer to portray their offerings. It offers high chances of negotiations and also helps build better business relations. On the other hand growing internet infrastructure is likely to create significant opportunities for market players aiming to capitalise on lucrative opportunities in the untapped markets of several developing nations.

Global HID Ballast Market: Forecast by Product Type

On the basis of product type, global HID ballast market is segmented into electromagnetic ballast and electronic ballast. Electromagnetic ballast technology improves the performance of lighting systems owing to its higher efficiency, optimal lumen maintenance as well as enhanced colour control over magnetic HID Ballast. The electromagnetic ballast segment is estimated to be valued at US$ 1,038.5 Mn in 2022 and this is anticipated to reach US$ 287.1 Mn by the end of 2027. Due to limited usability and subsequently decreasing sales in the global market, the electromagnetic ballast segment is expected to shrink rapidly over the forecast period.

Global HID Ballast Market: Forecast by Application

On the basis of application, the global HID ballast market is segmented into automotive, residential, commercial, industrial, and outdoors. Automotive components manufacturers, mainly headlights and headlamps manufacturers, are focussing on the manufacturing of energy efficient lamps such as HID lamps and LED lamps to enhance the vision of the driver. The automotive application segment was pegged at 64,510 (‘000 Units) in 2021 and is expected to reach 28,327 (‘000 Units) by 2027 end while expanding at a CAGR of -7.5% over the forecast period.

Global HID Ballast Market: Forecast by Region

The key regions of North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are covered in this report. Growing construction infrastructure, a rapidly expanding commercial sector and rising demand for outdoor and parking lighting are providing high traction for the HID ballast market in APEJ.

Global HID Ballast Market: Competitive Landscape

Some of the key leaders operating in the global HID ballast market are Philips Lighting Holding B.V., General Electric Company, Fulham Co., Inc. Villa Industrias, S.A. de C.V., Eaton Corporation

Westinghouse Electric Corporation, Morimoto HID, Satco Products Inc., Howard Industries, Inc., Halco Lighting Technologies, Iris Energy Private Limited, OSRAM Licht AG, HELLA KGaA Hueck & Co., Universal Lighting Technologies, GUANGZHOU FUCHW INDUSTRIAL CO., LTD., Lighting and Power Technologies, LLC, and Advanced Lighting Technologies, Inc.

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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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Construction Aggregates Market is Set to Witness an Uptick Size USD 664.6 Billion to 2032 | FMI

 Construction Aggregates Market valuation will top US$ 664.6 Bn, and it is expected to exhibit a healthy 6.8% CAGR between 2021 and 2031. As per a Future Market Insights (FMI) study, the increasing use of recycled construction aggregates, coupled with an investment towards infrastructural expansion in the Asia Pacific, Europe, and North America are shaping the construction aggregates demand outlook.

FMI has projected the demand to surge at an impressive 6.8% CAGR between 2021 and 2031 backed by the recovery of construction activities, especially in emerging economies. Increasing investments by the governments to support the development of residential and commercial projects will fuel market growth.

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Key Takeaways

  • Fast-paced urbanization and the influx of population have provided an impetus to construction activities globally, subsequently causing construction aggregates sales to uptick.
  • Population migration from rural to urban areas has compelled governments across various countries to offer incentives to residential construction, resulting in spurring sales in the construction aggregates market.
  • Digital transformations in the construction industry introduced a new approach that has allowed key construction companies and the workforce to adopt a technology framework that will help them to meet the industry’s current challenges.
  • The introduction of Building Information Modeling (BIM) is rapidly supporting digital transformation in the construction sector. BIM provides assistance with time management, cost planning, sustainability in raw material usage, reduction in waste, and improved overall project performance.
  • As per FMI’s analysis, the construction aggregation market in the U.S. will continue expanding at a steady pace owing to investments by governments towards the expansion of roadways and infrastructure.

Competitive Landscape

Heidelberg Cement AG, Martin Marietta Materials Inc, LSR Group, LafargeHolcim Ltd., Cemex SAB de CV ADR, Vulcan Materials Company, CRH plc, Adelaide Brighton Ltd., Eurocement Group, ROGERS GROUP INC. are some of the key companies profiled in the full version of the report.

As per FMI’s market survey, prominent players are focusing on production facility expansions and product innovations to develop sustainable construction aggregates. Along with product innovations, players are aiming at strategic partnerships with regional players to strengthen their geographical footprint in the market.

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Construction Aggregates Market by Category
By Product Type:

  • Crushed Stone
  • Sand
  • Gravels

By Application Type:

  • Commercial
  • Residential
  • Industrial
  • Infrastructure

More Insights into the Construction Aggregates Market

The US will dominate the construction aggregation market as per the FMI’s analysis. Owing to the investments by governments toward the expansion of roadways and infrastructure in the US, a steady pace in the construction aggregates market is visible.

The U.S. Department of Transportation has announced US$ 905.25 Mn in proposed rewards for FY 2021. These funds are allocated for the development of 24 projects in 18 states that come under the Infrastructure for Rebuilding America (INFRA) grant program.

Germany has emerged as a leading construction aggregates market in Europe. The presence of leading market players and expansion in infrastructure, particularly hotels and resorts are anticipated to shape the growth outlook for the market in Germany.

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The construction aggregates market in China is anticipated to reach a market valuation of US$ 143.3 Bn in 2021, owing to increasing urbanization and industrialization in the country. Besides residential projects, infrastructural projects such as roadways, railways, and basic roads in rural areas are anticipated to generate demand for construction aggregates in China.

With rapid urbanization in the country, FMI projects a positive growth outlook for the construction aggregates market between 2021 and 2031. Expansion of the railway and roadways network in the country will propel sales of construction aggregates.

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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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Silicon Anode Battery Market Worth around To Surpass US$ 2 Bn By 2031 End: FMI

According to the report, the silicon anode battery market is expected to surpass US$ 2.09 Bn by 2031. Applications of these batteries are rising steadily across industries, as a replacement anode for graphite. Applications in automotive and consumer electronics will drive silicone anode batteries sales, finds Future Market Insights (FMI) in a new study. Its application within the automotive sector is expected to skyrocket especially in response to the increasing production of electronic vehicles.

While the automotive sector currently holds dominance, the consumer electronics sector will trail closely, exhibiting high growth. Silicon has comparatively better technical features than graphite, hence it is used as a utility negative electrode in lithium-ion batteries.

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Key Takeaways of Silicon Anode Battery Market Study

  • Silicone anode battery market will register impressive growth, exhibiting 21.5% CAGR between 2021 and 2031
  • Expansion of consumer electronics and automotive sectors will enable the U.S. account for over 70% silicon anode batteries sold in North America
  • Despite a year of negative growth, the U.K. will register 16% y-o-y growth in 2021, thanks to increasing sales of electronic vehicles
  • Germany and France will emerge as highly lucrative markets for silicon anode battery in Europe
  • Increasing consumer electronics manufacturing and demand for state-of-the-art technologies supporting expansion in China. Japan and South Korea too will continue offering lucrative opportunities

“Silicon anode manufacturers are likely to capitalize on the increasing demand for electronic vehicles. Higher focus on environmentally-friendly technologies will continue offering attractive opportunities,” said a lead analyst at FMI.

North America currently leads the market. Europe too will exhibit increasing demand, thanks to increasing focus on the production of electric vehicles. Besides this, growth exhibited in both East and South Asia will increase at an accelerated pace especially since these regions are focusing on expanding their manufacturing facilities.

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Who is Winning?

Some of the leading players operating in the silicon anode battery market are Amprius Inc, Nexeon Ltd, Enevate Corp and Boston Power Inc.

The Silicon Anode Battery market is a highly competitive market dominated by regional players. These companies are striving to offer the most optimized solutions while mitigating the technical challenges.

Companies operating in the market have been focusing on capacity expansion and introducing innovative solutions. For instance, Canada-based startup TRION Energy has been focusing on addressing incumbent challenges by adding silicon to graphite using its low cost technology called SiMoGraph technology.

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About the Report:

The research report analyzes the total sales of silicon anode battery on the basis of volume (MWh) and value (US$ Mn). The market is projected on the basis of factors such as industrial growth of battery sector, developments in battery technology, end-use industry demand, global GDP growth, industry value added, and government regulations. The scope of the research report includes only new sales of silicon anode battery.

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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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Heat Recovery Steam Generator Market Analysis Report by Marketing Strategy, Promotions, New Product Launches and Emerging Trends by 2031

The market for Heat Recovery Steam Generator review with heat recovery will surpass US$ 1.1 billion in 2021. The demand for energy-efficient power generation solutions and rising investments in enhancing power plant efficiency are identified as the main growth drivers.

These factors are expected to cause the market to expand at a steady CAGR of 5.7 percent, with the U.K., the U.S., Germany, and Japan emerging as major producers.

As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is anticipated to reach US 1.1 Bn in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a 5.7% CAGR through 2031.

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In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forthcoming years.

Further, sophisticated customization and innovative product solutions offered by OEM’s and heat recovery steam generator players will continue providing tailwinds to sales.

As per FMI’s regional analysis, the U.K. is anticipated to lead the European heat recovery generator market. Stringent regulations regarding carbon emissions in the European Union, coupled with increasing adoption of renewable energy sources will enhance growth prospects through 2031.

“Increasing investments in the power generation sector to improve efficiency, coupled with inorganic growth strategies adopted by OEMs for better market reach will continue augmenting growth in the forthcoming years,” says the FMI analyst.

Key Takeaways:

  • Fully assembled heat recovery steam generators will remain the most preferred type of design.
  • In terms of configuration, horizontal drums will account for maximum sales.
  • Based on output power, 0-60 MW segment is poised to experience high demand.
  • Combined heat and power plants will dominate the application segment.
  • The U.S. is anticipated to witness high demand for heat recovery steam generators, owing to increasing energy production and need for sustainable methods. The North American market is poised to grow at a 4.4% CAGR.
  • The U.K. will continue leading the European heat recovery steam generator market, expanding at a 4.6% CAGR.
  • Demand for heat recovery steam generators will continue rising in China, due to rising adoption of combined cycle plants.
  • India will emerge as a lucrative market, owing to government-backed initiatives promoting renewable energy production.
  • Japan and South Korea will collectively account for 5% of the total market share.

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Competitive Landscape

Cleaver-Brooks, Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmače, a.s., and Xizi United Holdings Limited are some players operating in the heat recovery steam generator market profiled by FMI.

Top 5 players in the market include General Electric, Siemens AG, CMI Group, John Wood Group plc, and Mitsubishi Hitachi Power Systems Ltd., accounting for 75.5% of the total market share.

Leading players, as a part of their growth strategies, are focusing on strategic collaborations, mergers, and acquisitions to expand their global footprint and improve their product portfolios. For instance:

  • In August 2021, Siemens Energy and state-owned Egyptian Electricity Holding Co. have signed a memorandum of understanding to develop a hydrogen-based, including a 100-200 MW pilot electrolyzer facility for the clean energy industry.
  • In August 2021, Mitsubishi Power’s Philippines unit secured a three-year term service agreement to maintain boilers of the Davao coal plant of Aboitiz Power Corp. The agreement is intended to maintain reliable energy access in Mindanao.

Heat Recovery Steam Generator Market by Category

By Design Type: 

  • Modular Construction
  • C-Section Construction
  • Bundle Construction
  • Fully Assembled

By Configuration Type:

  • Horizontal Drum Units
  • Vertical Drum Units
  • Horizontal-Once Through Units

By Output Power Type:

  • 0-60 MW
  • 60-100 MW
  • 100 MW & Above

By Application Type:

  • Co-generation (Process Heating)
  • Combined Cycle
  • Combined Heat & Power (CHP)

By Region, Heat Recovery Steam Generator Market is segmented as: 

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • India
  • South East Asia & Others (SEA)
  • Middle East & Africa (MEA)

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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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Medium Voltage Transformer Market Size, Share 2032: Present Scenario and Growth Prospects

Future Market Insights has published a new market research report on the medium voltage transformer market that contains global industry analysis during and opportunity assessment during 2022–2028. The report covers the latest trends, key success factors, market influencing factors, key information, forecasting factors, macroeconomics factors, and past market scenario.

The report analyzes the medium voltage transformer market and provides critical insights for the forecast period of 2022-2028. The global medium voltage transformer market stands at a net worth of US$ 11.7 Bn in 2022, and is predicted to rise at a CAGR of 4.6% over the forecast period (2022-2028) to attain a valuation of US$ 16.1 Bn by 2028.

As per the key findings of the report, the global medium voltage transformer market is expected to witness considerable growth in upcoming years, due to the steady increase in adoption of smart grids, increasing urbanization, rapid growth in power generation, and increasing government investments for electrification.

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Increasing Government Investments for Electrification Expected to Drive the Market Growth

Government of various countries have planned to increase their funding for various projects related to electrification, such as railway electrification, transmission and distribution, and urbanization, among others. For instance, governments in countries such as Brazil and Mexico are planning to invest in electrification. These projects support the state electric boards (SEBs) in order to provide better power supply to rural and urban areas of the region or country.

In addition, the government of India is also planning to make huge investments in numerous projects, such as Revised Accelerated Power Development and Reform Program and Rajiv Gandhi Grameen Vidyutikaran Yojna, among others, for establishing new power grids so as to provide electricity in the rural areas of the country. Also, the government is focusing on installing new transmission lines and transformers in order to create a national grid, which will interconnect all the five regions of India — Northern, Southern, Eastern, Western, and North Eastern. This national grid is known as ‘Transmission Super Highways’. Thus, growing infrastructure and electrification in various regions is set to increase the demand for medium voltage transformers.

Increasing Urbanization and Industrialization Estimated to Create High Sales Opportunity

Rural electrification projects, new power plants, as well as transmission and distribution facilities are some of the new developments that are being introduced in various countries in Middle East & Africa to increase urbanization and industrialization. Electrification projects are growing at a faster rate in countries, such as the United Arab Emirates, Qatar, Turkey, etc. Additionally, for the proper execution of these projects, medium voltage transformers are required for almost all applications. Thus, growing urbanization and industrialization will drive the medium voltage transformer market growth in the MEA region.

Medium Voltage Transformer Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global medium voltage transformer market. Few examples of key players in themedium voltage transformer market are Siemens AG, ABB Group, General Electric Company, Fuji Electric Co., Ltd., Hitachi, Ltd., Schneider Electric SE, Eaton Corporation PLC, Mitsubishi Electric Corporation, Jinpan International USA Ltd., CG Power & Industrial Solutions Ltd., Fortune Electric Co., Ltd., Schaffner Holding AG, Hammond Power Solutions Inc., Kirloskar Electric Company, and MGM Transformer Company, Amran Inc., among others.

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For instance, medium voltage transformer manufacturers are focusing on providing compact size and environmental-friendly medium voltage transformers. The compact size can better manage moisture and thermal stress, and their average life span is higher. Additionally, eco-friendly transformers promise lower load loss as compared to other conventional transformers. Therefore, the rising demand for lighter, smaller and eco-friendly medium voltage transformers is likely to shape the future of the medium voltage transformers market.

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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Global Card Printer Ribbons Market Size Is Slated To Reach US$ 997 Mn By 2028

The global card printer ribbons market size is projected to expand at a CAGR of 4% over the forecast period of 2022-2028. In 2021, sales of card ribbon printers reflected a value of US$ 759 Mn, which is predicted to top US$ 997 Mn by the end of the year of assessment (2028).

Card printer ribbons market research analysis from Future Market Insights covers a global perspective of the product. The research study includes significant product developments, technological trends, growth-promoting factors, as well as opportunities and challenges that may affect the development of the global market for card printer ribbons.

A ten-year period beginning in 2022 and ending in 2028 is covered by the research report’s future market projections, current market scenarios, and analysis of historical data. Card Printer Ribbons Market: Global Industry Analysis (2013-2017) and Opportunity Assessment is a recent research report that includes statistical analysis and key points.

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Demand for Superior Quality ID Cards to Support the Growth of Card Printer Ribbons

Retailers in the global market are pushing for superior ID cards and better printing experience with a view to spur the entire manufacturing process and associated activities. This has compelled manufacturers of card printers to shift towards thermal printing technology.

Large scale end use industries are focusing on updating their employee ID cards with latest cost efficient technology. This is expected to trigger the use of card printer ribbons in the following years. Additionally, growing demand for superior quality ID cards from information technology sector is also anticipated to contribute to the health of the global card printer ribbons market.

Increasing use of cards for withdrawals and payments has changed the preference of consumers towards cashless payments. The trend of “go cashless” is rising as increasing number of individuals are using banking cards to carry out transactions in retail stores, supermarkets, restaurants and cafes across the globe. Changes in customer preferences to facilitate convenience and ease in transactions, enhanced security and cashless payment has triggered the demand for cards in various end use industries. This increasing demand is expected to boost the growth in demand of the card printer ribbons in the years to follow.

According to Future Market Insights, the global market for card printer ribbons is expected to reach a significant valuation of around US$ 997 Mn by end of the year of assessment (2028) from a value of about US$ 653 Mn in 2017. The global card printer ribbons market is projected to expand at a value CAGR of 3.9% throughout the period of assessment 2022-2028.

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Environmental Concerns Associated with Disposal of Cards, Consumables and Printers to Hinder Global Market Growth

Card printers have an average life of about 8 years from the date of manufacture, depending upon its use, post which they are usually discarded. Considering their disposal across the entire globe, it adds to the cumulative electronic waste. In addition, the disposal of huge volumes of ribbons and papers adds to total amount of non-degradable electronic waste generated in a year.

This has steered the attention of government bodies and environment watchers, such as Environmental Protection Agency (EPA), who have imposed stringent regulations and rules regarding disposal of electronic consumables and card printers. The printing ink used in card printing contains harmful chemicals, whose disposal can have a high negative impact on the health of the environment. This is expected to hinder the growth of the global card printer ribbons market.

Key Highlights of the Global Card Printer Ribbons Market

  • By type, colour segment is expected to be highly lucrative and is anticipated to witness increasing demand from end use industries. This segment dominated the global market in the past and is poised to resume with this trend in the years to follow
  • By printing type, dual sided segment is the most lucrative and is projected to expand at a significant rate during the assessment period
  • Adoption of card printer ribbons is expected to grow in banking, followed by the government sector. Sale of card printer ribbons in banking is estimated to cross US$ 300 Mn by end of 2028
  • China has shown high inclination towards use of card printers since past years, owing to high adoption in the manufacturing industry of the region. Moreover, this has spurred the use of card printer ribbons in the country and is expected to grow at a high rate in the following years

Competitive Landscape

Manufacturers involved in this market are focusing on developing ribbons that pose minimal threat to environment. However, this calls for additional and higher investments, which has slowed down the rate of development. Key players involved in the global card printer ribbons market are Zebra Technologies Corporation, Evolis S.A., ASSA ABLOY AB, Dai Nippon Printing Co., Ltd., HiTi Digital, Inc., Matica Technologies AG, Entrust Datacard Corporation, IDP Corp., Ltd., ICard Solutions (India) Private Limited, Kanematsu USA Inc., Magicard Ltd., AlphaCard, NBS Technologies Inc., Best Barcode System Private Limited and Pointman Technologies Inc.

Key Segments of Card Printer Ribbons Industry Survey

Card Printer Ribbons Market by Product:

  • Colour Card Printer Ribbons
  • Monochrome Card Printer Ribbons

Card Printer Ribbons Market by Printing:

  • Single-sided Card Printer Ribbons
  • Dual-sided Card Printer Ribbons

Card Printer Ribbons Market by End Use:

  • Banking
  • Government
  • Information Technology
  • Retail
  • Healthcare
  • Others

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:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
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