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As per the global market study on stacker cranes, the market is expected to grow at a CAGR of 7% over the forecast period, from an estimated USD 976 million in 2021 to US$ 2 billion in 2032.

The size of the global stacker crane market was valued at US$ 976 million in 2021 and is anticipated to reach US$ 1 billion in 2022. Sales of stacker cranes are anticipated to increase overall at a CAGR of 7.0% and reach about US$ 2.02 billion by 2032.

China is quickly becoming the world’s leading market for stacker cranes thanks to its extensive manufacturing sector, booming export industry, and rising adoption of automation. According to FMI, the China stacker crane market will expand at a strong CAGR between 2022 and 2032.

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Key Takeaways:

• Owing of rising usage in China and India, the Asia Pacific is expected to occupy the greatest share of the stacker crane market opportunities by 2027.
• The single-column segment will have the biggest stacker crane market share during the projected period. Due to its application in the fast-moving goods industry, the single-column category is likely to have a large market share over the forecast period.
• New product developments and expansions will provide profitable prospects for market players in the next five years.
• Emerging Trends in the stacker crane market predict rising demand for automated storage and retrieval solutions.
• The fastest-growing segment is projected to be automatic stacker cranes. The automatic stacker crane is a low-energy mechanism that stores and retrieves items in a single cycle.

Stackers improve accessibility in tight and compact spaces, can be easily moved from one position to another, are less expensive to operate, and are easy to maintain. Furthermore, in recent years, the demand for safe and effective material handling equipment in a variety of cross-industry verticals has increased stacker crane sales.

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These advantages are expected to expand the stacker crane market in the coming years. Furthermore, technological advancements and innovations in stackers provide market participants with profitable growth opportunities. The rising trend of forklift use, on the other hand, is expected to stifle market growth.

The initial cost of installing a stacker crane design is high. Precision is required for the installation of this system, which necessitates the use of experienced personnel. Furthermore, for businesses, the cost of maintaining and updating a large number of subsystems is frequently prohibitively expensive. Such large investments are difficult for small and medium-sized businesses to make. The initial cost of an automated storage and retrieval system includes stacker crane systems, storage units, and racks.

Key Segments

By Operation Type:

• Semi-automatic
• Automatic

By End-use Industry:

• Consumer Goods
• E-commerce/Retail and Wholesale
• Pharmaceutical
• Automotive
• Others

By Application:

• Autostart
• Early Baggage Storage (EBS)
• Sortation System
• Robotized Order Preparation

By Type:

• Single Column
• Double Column

By Region:

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

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Drum Melters are used to melt and deliver large volumes of PUR or POR, hot melt adhesives, sealants and butylene. Drum melters find a variety of applications in paper converting, filter, textile, packaging, automotive, electrical & electronics industries, to name a few. Drum melters are generally used in industries where large volumes of hot melt adhesives are required. Increasing demand for sealants & adhesives across end-use verticals is expected to create high demand for efficient drum melters during the forecast period. The global drum melters market is expected to witness healthy growth in the long term. The growth of the market is being backed by rapid industrial growth and growth of the construction industry.

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Drum Melters Market: Dynamics
Growing middle class population, increasing disposable income and positive economic outlook across emerging markets will create significant growth opportunities for market participants in the drum melters market. Further, growing automotive production and sales, particularly in developing countries, such as China, ASEAN, India and Mexico, is considered to be a key driving factor for increasing demand for sealants and adhesives. This, in turn, will augment the demand for drum melters during the forecast period. Moreover, increasing demand for adhesives and sealants from end-use industries, such as packaging, hygiene and assembly, is another driving factor for the growth of the drum melters market during the forecast period. Owing to volatile organic contents in adhesives and sealants, the industry has to comply with stringent environmental regulations. This, in turn, may negativeky affect the drum melters market during the forecast period. The global drum melters market is characterized by innovations and research & development activities. Key players are focusing on creating strong relationships with customers to support their competitive position in the global drum melters market. Market participants across drum melters market are designing and developing products with improved productivity and overall operation optimization to gain technological advantage in the market and hence, are increasing share in the global drum melters market universe.

Drum Melters Market: Segmentation
On the basis of Drum Capacity, the global Drum Melters market can be segmented into:
Less than 20 Liter
20 liter – 50 liter
More than 50 Liter
On the basis of application, the global Drum Melters market can be segmented into:

Adhesive melters
Sealant melters
Others (such as butylene, etc.)
Drum Melters Market: Regional Overview

North America, followed by Europe, is expected to hold significant share in the global drum melters market. The North America drum melters market is expected to register steady growth during the forecast period owing to increasing demand for adhesives and sealants from construction and automotive industries. The Asia Pacific drum melters market is anticipated to outpace other regional markets, in terms of growth. The strong growth of the drum melters market in the Asia Pacific region can be attributed to increasing demand for adhesives and sealants in China, India and ASEAN countries. Moreover, government-led initiatives in countries, such as India and ASEAN countries, will support the domestic manufacturing sector and attract foreign direct investments, which is anticipated to create robust growth opportunities for the growth of the market participants during the forecast period. Since the past couple of years, the European drum melters market has been witnessing relatively low growth against the backdrop of challenging economic conditions. However, by the end of 2017, the region was witnessing recovery in economic outlook and the same trend is expected to follow during the forecast period, which in turn, will reinforce the confidence among manufacturers. This is expected to create steady growth outlook for the drum melters market in the region during the forecast period. Regions, such as Latin America and Middle East & Africa, are projected to be low volume moderate growth regions in the global drum melters market.

Drum Melters Market: Market Participants
Examples of some of the market participants identified across the value chain of the global Drum Melters market are:
HIP-MITSU
Bühnen GmbH & Co. KG
Illinois Tool Works
SM Klebetechnik Vertriebs-GmbH
APRO Technologie GmbH
Delta Wye Electronics SRL
Beeco
MELER
Valco Melton

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The strengthening economic conditions of Asia Pacific nations favour the government and private investment in industrial, commercial, and public infrastructure projects. This will pave the way for a market boost for the major players in the region. As per machine control system market analysis, the growing demand for precision in heavy machinery control and navigation is projected to fuel market expansion.

Machine control systems reduce field and machine downtime while improving resource utilisation. Heavy equipment failure on a construction site can cause operational delays and significant financial losses.

Construction equipment is precisely monitored and controlled by machine control specialists, resulting in optimised performance and faster quality assurance on the job site. As a result, investing in machine control systems promises to save time, eliminate budget overruns, and reduce machine maintenance costs, all of which will have an impact on machine control.

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Excavators, dozers, and graders are costly machines, and incorporating machine-guided technology into them raises installation and integration expenses. In addition, the machine control market trends indicate that building and mining companies need a lot of money to buy or rent equipment integrated with machine control technology.

While recent developments in machine control systems provide improved precision, aid in faster project completion, and have reduced maintenance costs, the costly initial outlay is a barrier to market expansion.

“Lockdowns were imposed around the world, halting many existing and prospective projects, affecting consumption for machine control systems and other construction materials. Owing to the lifting of lockdowns and vaccination rollouts, this sector has acquired traction again and is likely to rebound quickly. As a result, the machine control system market trends and forecast are now shifting again, with the demand for machine control systems is predicted to increase consistently over the forecast period.”, opines an FMI analyst.

There is a growing market for machine-guided technology in the Asia Pacific. In the construction sector, cost-effective and time-efficient techniques must provide a secure, elevated, durable, and friendly constructed environment. As a result, machine control systems play a critical role in ensuring efficiency and reliability on building sites in emerging regions.

The machine control system market size is expected to reach the valuation of US$ 6.3 Bn in 2026, growing at a modest CAGR of 8%.

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Key Takeaways

• Over the projected period, the Asia Pacific area is expected to grow the most, with China and India leading the way. Governments in these countries have embarked on initiatives to replace aging infrastructures such as roads, bridges, sewage systems, and tunnels by effectively using the intelligent machine control system market.
• Because of the ever-increasing population and high need for food, the agriculture segment is predicted to grow at a stable CAGR of around 10%. The demand for quick production and enhanced crop quality drives digital control system growth.
• Segmented as per equipment, excavators fully utilize the machine control system market opportunities due to their accuracy productivity than other equipment in construction and excavating operations.
• As per the machine control market report, the construction segment is leading the growth-share due to rising modernization and other infrastructural initiatives conducted by emerging regions.
• The GNSS product segment dominates the market. The high use of GNSS on scrapers, dozers, graders, excavators, and aerial devices is responsible for this high share.
• The emerging trends in the machine control system market state that the second-largest segment, total stations, is predicted to grow at a steady rate. These systems’ ease of deployment and enormous product modification scope is credited with this expansion.

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Competitive Landscape

To enhance their offers in the market, machine control unit companies have used various organic and inorganic growth tactics, such as news releases, product developments, alliances, and collaborations.

• Topcon and Hitachi (HCMUK) collaborated in March 2020 to provide an ‘inventive’ and ‘sophisticated’ machine control for a more effective workflow. HCMUK used the Topcon X53-x automated machine control software on its excavators as part of the deal.
• Volvo Construction Equipment has expanded its machine control system market demand analysis to encompass a wider variety of wheeled loaders and introduce productivity and serviceability improvements.

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Aspirating Systems Market overview are primarily used to detect smoke and thus, play a vital role in fire protection systems as they are capable of detecting fires at an early stage. An aspirating system actively takes a sample of air from the monitoring area and analyzes the presence of smoke particles.Fire has three identifiable characteristics, i.e. smoke, light & heat; however, according to fire statistics, majority of hostile fires are initiated via extensive shouldering fire phases. Hence, aspirating systems are an idle solution for fire detection. Aspirating systems are used for sensitive applications where early detection of smoke is critical.The growing trend of consolidated production and storage, large commodity flow, popularity of multistory facilities and increasing safety concerns in data centers are increasing the need for fire protection.

Aspirating systems have been penetrating the global market as a means of fire detection, owing to their high level of immunity against false alarms, reduced downtime and low maintenance cost. The higher the value of assets, the more devastating a fire can be; hence, end-users are observed to be significantly investing in fire protection, which in turn is expected to drive the growth of the aspirating system market over the forecast period.

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Aspirating System Market: Dynamics

Increasing investments for infrastructural development and residential and commercial construction, coupled with globalization and urbanization, are considered to be the key driving factors for the growth of the aspirating systems market. Further, rapid population growth and urbanization have been surging the demand for commodity products and other industrial products. As a result, industrialists and manufacturers around the globe have been channeling efforts to increase their productivity and production capacities, which in turn is expected to create a positive landscape for the aspirating system market over the forecast period.

The increasing concerns regarding fire protection and safety along with government regulations and obligatory building codes are expected delineate the growth of the aspirating system market over the forecast period. For instance, National Fire Protection Association (NFPA) mandates the installation of smoke detection systems at healthcare facilities for the protection of patients and personals. Hence, sophisticate systems equipped with more advanced technologies, such as aspiration system, have been gaining momentum in the market. Another prominent factor expected to propel the demand for aspirating systems is the growth of the logistics industry and rapid development of the E-commerce industry.

The increasing momentum in the construction industry over the past couple of years, post the setback, and growth of the tourism industry are expected to proliferate new opportunities for the manufacturers of aspirating system. In order to reinforce the safety outlook of building premises, authorities invest on the installation of fire prevention and protection systems such as aspirating systems. On account of the aforementioned factors, the global aspirating systems market is poised to register robust growth and represent significant growth opportunities for market participants.

Market participants are endeavoring to enhance product performance, product accuracy and response time by adopting more advanced and sophisticated technologies to gain a competitive advantage in the global aspiration system market.

Aspirating System Market: Regional Overview

North America is expected to be a prominent region in the global aspirating system market throughout the forecast period. The growth of the aspirating system market in the region can be attributed to the recovery in construction activities, coupled with stringent regulations and high fire safety concerns. The Europe aspirating system market is expected grow at a steady pace during the forecast period, with significant investments in research and development for product innovation. Asia Pacific is expected to be an emerging region in the aspirating system market with a surfacing growth opportunity for market participants. The key driving factor for the growth of aspirating system market in the region is rapid industrial growth, increasing population and urbanization, coupled with increasing middle class population. Middle East & Africa and Latin America are anticipated to be high growth – moderate value regions.

Aspirating System Market: Market Participants

Examples of some of the market participants identified across the value chain of the global aspirating system market include:

• Honeywell International Inc.
• Kidde-Fenwal Inc.
• Minimax USA LLC
• Zeta Alarms Ltd
• Siemens AG
• Aguilera Group
• Patol Limited

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

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The report covers exhaustive analysis on:                                                 

• Aspirating System Market Segments
• Aspirating System Market Dynamics
• Aspirating System Market Size
• Aspirating System Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Aspirating System Market Technology Road Map
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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

Aspirating System Market: Segmentation

On the basis of detection range, the global aspirating system market has been segmented into:

• Small sized application (<300 m2)
• Medium sized application (300 m2 to 1000 m2)
• Large sized application (> 1000 m2)

On the basis of end-use, the global aspirating system market has been segmented into:

• Residential
• Commercial & Institutional
• Industrial

Report Highlights:

• Detailed overview of Aspirating System parent market
• Changing Aspirating System market dynamics in the industry
• In-depth Aspirating System market segmentation
• Historical, current, and projected Aspirating System market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

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The global magnetic drive pump sales are projected to top US$ 807.9 Mn in 2021, as per ESOMAR-certified research and consulting firm Future Market Insights (FMI). With steady growth outlook, the market is poised to register CAGR at nearly 5.3% during 2021-2031.

In 2020, the COVID-19 outbreak decreased demand for magnetic drive pumps globally. As the construction industry recovers, it is anticipated that the market’s long-term outlook will remain favorable. The expansion of the construction and mining industries is expected to increase demand for heavy machinery and equipment, resulting in higher magnetic drive pump market sales. According to FMI, increasing application in the construction and mining industries will continue to grow in China, India, and Indonesia.

According to FMI’s analysis, rapid adoption of technologically advanced equipment and machinery, as well as increased application for water treatment activities, will boost sales. Because of the aforementioned factors, the market is expected to exceed US$ 1.35 billion by 2031.

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Key Takeaways:

• In terms of pump type, the centrifugal pumps segment is projected to hold 52.6% of the total magnetic drive pump market share.
• Applications of magnetic drive pumps are anticipated to continue rising in the water treatment and mining sector, accounting for 15.6% and 13.3%, respectively.
• Stainless steel is expected to remain the most-preferred casing material for magnetic drive pump services
• China is anticipated to emerge as an attractive market, capturing 40.2% of the East Asia magnetic drive pump market share.
• Germany is projected to lead the Europe’s magnetic drive pump market, growing at a 5.1% CAGR.
• India will continue experiencing high demand for magnetic drive pumps, capturing 31.8% of the South Asia Pacific market share.
• Japan and South Korea will collectively account for 8% of the global market share.

“Integration of advanced technology due to focus on automation in construction and mining industries is pushing the sales of advanced magnetic drive pumps. CAPEX investments and increase in water treatment projects also are expected to provide lucrative opportunities for the magnetic drive pump market. Steered by this, some of the leading OEMs are investing in strategic alliances, partnerships and product innovations to gain competitive advantage in the global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says FMI analyst.

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Competitive Landscape

The market is expected to be primarily consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in the market are

Ebara Corporation, Flowserve Corporation, Kirloskar Brothers Limited, ITT Goulds Pumps Inc., Iwaki Co Ltd., Klaus Union, March Manufacturing, Ruhrpumpen Inc., Sundyne LLC, Xylem Inc., PRECISION ENGINEERING CO., Grosvenor Worldwide Private Limited, GCA Energy, Magnatex Pumps, Inc., Grundfos Pumps Corporation, TEIKOKU ELECTRIC MFG. CO., LTD., ELEPON E.C.A.P. Corporation, NIKKISO EIKO Co., Ltd., etc.

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According to Future Market Insights, increased demand for glass reactors has resulted from the establishment of pilot plants to test and validate production processes before to commercialization. Due to the Covid-19 epidemic, the glass reactors market saw a modest drop in sales volume in FY2020.

North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the U.S. is expected to be the largest market in North America reaching US$ 326.5 Mn by 2031.

The glass reactor market is anticipated to grow by 4.6 percent year over year (YoY) in 2021, with sales of 400 thousand units, according to recent data from Future Market Insights (FMI). Demand for single jacketed glass reactors will increase to 286 thousand units in 2021, up 4.3 percent, while demand for double jacketed glass reactors will rise to 112 thousand units, up 4.4 percent. By 2031, extensive applications in chemical and pharmaceutical processes will contribute to the market’s growth.

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Demand from end-use industries including petrochemicals, research institutes, and others have waned. However, parts of the chemical and pharmaceutical sectors were unaffected due to demand generated from Covid-19 precautionary measures.

Demand for single jacketed glass reactors has been steadily increasing. This can be attributed to enhanced applications in the chemical and pharmaceutical industries, owing to which single jacketed glass reactors have secured a prominent share in the global glass reactors market.

The growing requirement for pilot plants due to the increasing adoption of new and advanced technologies coupled with Industry 4.0 norms, support the yield of glass reactors through the forecast period.

An increasing number of players are focusing on research and development related to glass reactors and are anticipated to contribute towards market growth in the years to come.

“The glass reactors market is growing at a strong pace, driven largely by investments in research and development (R&D) activities for the expansion of chemical and petrochemical projects. This will create extensive opportunities for manufacturers through 2031. Industry participants are investing in expansions, strategic alliances, and cost-effective solutions to gain a competitive advantage,” says a Future Market Insights analyst.

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Key Takeaways from Glass Reactors Market Study

• Glass reactors with a capacity of 30 to 60 Lts. are projected to hold over 35% value share of the global market in 2021, owing to a wider scope of application.
• Single jacketed glass reactors are set to hold 71.8% of the market share by the end of the forecast period, aided largely by cost considerations.
• The U.S. will remain a primary market, backed by rising demand from the pharmaceutical and chemical process sector. It is expected to account for 77.1% of the demand registered in North America in 2021.
• The markets in India and China are set to surge at a CAGR of approximately 6.4% and 6.1% over the coming decade, aided by investments in the pharma sector.
• The U.K. is emerging as a key market in Europe, with a valuation of over US$ 34.6 Mn in 2021, growing at a 5.8% CAGR with rising investments in the research sector.

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Competitive Landscape

Companies operating in the glass reactors market are aiming at strategic collaborations and partnerships with other manufacturers to expand their product portfolio and capacity, addressing the demand of an expanding consumer pool.
• For instance, in April 2019, Pfaudler Group acquired the Industrial Mixing Solutions Division (IMSD, www.sudarshan-imsd.com) of Sudarshan Chemical Industries Ltd., Pune.
Manufacturers are also focusing on the expansion of manufacturing facilities globally to maintain their global presence.
• In December 2019, Büchi AG. laid the foundation stone for the expansion project in Kaliningrad, Russia. The new facility enabled the company to increase its footprint in Europe, expand sales into Eastern Europe, and better address its customers’ needs by producing more products and services.

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A new market research report by Future Market Insights on the hydrogen electrolyzer market includes global industry analysis 2014–2018 and opportunity assessment 2019–20289. The report investigates the hydrogen electrolyzer market and provides critical insights for the forecast period of 2019-2029. As per the findings of the report, the global hydrogen electrolyzer market is expected to experience substantial growth during the forecast period due to multiple driving factors, such as increasing requirements from hydro-processing industry and preference for on-site hydrogen generation system across geographies.

The global hydrogen electrolyzer market was valued at ~US$ 200 Mn in 2018, and is estimated to increase at a CAGR of ~7% during the forecast period of 2019-2029. This growth is majorly driven by the increasing consumption of hydrogen electrolyzer in energy, electronics, and power to gas, transportation, metal production, & fabrication applications, among others.

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Europe Leads Gains, APEJ Offers Greater Opportunities

Western Europe is projected to hold significant market shares in the global hydrogen electrolyzer market value due to the positive growth in end-use industries, such as energy, transport, metal production, and fabrication. However, the APEJ region is expected to project lucrative growth in the global hydrogen electrolyzer market during the forecast period of 2019-2029. China is estimated to be prominent in the Asia Pacific market by holding approximately one third of the market value share, and the trend is likely to continue till 2029.

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Energy Sector to Remain Key End User of Hydrogen Electrolyzers

The global hydrogen electrolyzer market has been segmented on the basis of different types of hydrogen electrolyzer, capacity, outlet pressure, end use, and regions, such as North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan, and Middle East and Africa.

• On the basis of product, the alkaline electrolyzer is estimated to hold significant shares of the global hydrogen electrolyzer market in terms of value.

• By end use, the energy industry is projected to hold significant share of the global hydrogen electrolyzer market across all regions, owing to the various applications as a fuel for furnaces, turbines, etc. However, the power to gas sector is expected to grow at a high CAGR. Transport and metal production & fabrication sectors are also anticipated to grow at a moderate CAGR during the forecast period.

• On the basis of capacity, the hydrogen electrolyzer of high (> 1MW) capacityis projected to consume majority value share of the market. However, the demand for low (≤ 150 kW)capacity is expected to project a rapid growth in the global hydrogen electrolyzer market.

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