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Water level & storage monitoring software are also connected with smartphones to provide information regarding the water storage levels through messages or notifications. With the advancement in technology, there is a tidal wave of applications that are developed and widely used across the sectors. The water level & storage monitoring system monitors the water levels and storage in surface water, groundwater, and tanks and eliminates overflow of water.

Due to innovation in technologies, the IOT water level & storage monitoring system is developed by companies that inform users about the level of water and will prevent it from overflowing. Also, water levels & storage can be monitored automatically using ultrasonic sensor.

This remote monitoring software is low cost and flexible and remotely monitors the water levels through the smartphone application. There are also evolving technologies such as radar and the ultrasonic sensor that are used in water level monitoring software which can be used to measure water levels.

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Water Level & Storage Monitoring Software Market: Dynamics

Real-time water level & storage monitoring provides a solution to monitor water levels and access data via the internet remotely. This remote monitoring system also sends notifications when critical water levels are reached. Typical applications include monitoring wells, groundwater, and surface water, etc. Real-time monitoring of water levels & storage is one of the primary factors that is expected to boost the water level & storage monitoring software market.

The high cost of implementation & integration issues is the restraining factor that can hamper the growth of water level & storage monitoring software market.

Global Water Level & Storage Monitoring Software Market: Competition Landscape

Examples of some of the key players in the global Water Level & Storage Monitoring Software market are In-Situ Inc., Gallagher Group Limited, Trimble, Specto Technology, Onset Computer Corporation, Onetemp, Global Water Instrumentation, Marton Geotechnical Services, Minerva Industrial & Trading Pte Ltd, Wildeye, Stevens Water Monitoring Systems Inc, Bentek Systems, Unidata Pty Ltd., Intermountain Environmental, Inc., KISTERS Group, NovaMetrix LLC., Remote Monitoring Systems, LLC., etc.

Water Level & Storage Monitoring Software Market: Regional Outlook

The water level & storage monitoring software market is dominated by North America followed by the Asia Pacific and Western Europe. The market in North America is expected to witness higher growth due to the presence of prominent players and advanced technologies in this region. APAC is expected to grow at a significant rate in the global water level & storage monitoring software market during the forecast period.

In February 2018, Trimble entered into the partnership with Aquarius Spectrum Ltd. with an objective to offer Aquarius Spectrum’s wireless leak detection and monitoring solutions for water utilities throughout the U.S. Through this partnership, Trimble will extend its portfolio of smart water management sensors and software solutions.

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The report covers exhaust analysis on

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• 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.

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Global Water Level & Storage Monitoring Software Market: Segmentation

The water level & storage monitoring software market is segmented based on automation method, application, and region.

By Automation Method

• Bluetooth based water level monitoring
• Remote water level monitoring
• Automatic water level monitoring

 By Application

• Groundwater monitoring
• Mining
• Hydraulic Fracturing
• Surface Water
• Flood control & monitoring
• Stormwater monitoring
• Coastal monitoring
• Reservoir Monitoring
• Others

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

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

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

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Global Tipper Body Equipment Market: Regional Insights

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

Global Tipper Body Equipment Market: Key Vendor Insights

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

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Global Tipper Body Equipment Market: Overall Dynamics

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

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

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

Global Tipper Body Equipment Market Segmentation

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

By Tipping Type

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

By Load Carrying Capacity

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

By Mechanism

• Hydraulic
• Pneumatic

By Frame Material

• Steel
• Aluminium

By End Use

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

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan (APEJ)
• Middle East and Africa (MEA)
• Japan

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Bulk terminals play instrumental role in industrial infrastructure, wherein they ensure safe and efficient movement of critical resources. Despite current downturns in global seaborne trade due to COVID-19 pandemic, the global minor bulk trade has expanded considerably. Analysts at Future Market Insights (FMI) have estimated that global minor bulk traded has expanded up to 1.74 billion tons.

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The increasing support of the government to encourage manufacturers to adopt unique calibrating methods in their operations is a vital factor which is set to augment the market in the U.K. Europe calibrators market is projected to generate approximately 28.2% of the share in 2022, predicts FMI.

For instance, the U.K. government published its regulations on the licencing procedure for the novel aerosol sensor testing technology known as D1743 in December 2021. The government wants to increase public awareness about the creation of better techniques and equipment for calibrating and testing aerosol sensors. Sales of portable vibration calibrators with cutting-edge features are expected to increase as a result of such regulatory body initiatives in the U.K.

The majority of the country’s major players are concentrating on mergers and acquisitions in order to jointly develop new products and increase their geographic reach. For instance, to increase the availability of auto glass in the nation, Driven Brands Holdings Inc., a well-known provider of automotive services in North Carolina, purchased Auto Glass Now (AGN) in January 2022. The company will be able to improve its glass repair service as a result of the increasing demand for calibration. As a result, it is anticipated that demand for pressure calibrators will increase in the upcoming years due to the involvement of key players based in the United States in such acquisitions.

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In 2014, the global calibrators market was worth $700 million. By the end of 2022, it is expected to be worth $820 million. Between 2022 and 2029, the calibrators market is expected to grow at a CAGR of 4%, reaching a value of US$ 1,200 Mn by the end of 2029.

Calibrators Market: Segmental Analysis

By the current type, the direct current calibrator type segment, in terms of value, is anticipated to account for over half of the global calibrators market since, direct current calibrators are expensive and in most of the process control industries, the source of power is direct current type. Besides, alternative current type calibrators are usually employed for specific applications such as substations, etc. Thus, DC calibrators are predicted to have an upper hand throughout the forecast period as compared to the AC calibrators segment.

Based on the sales channel, the calibrators market has been divided into offline sales and online sales. The offline sales channel is stipulated to overlook the global calibrators market in the forecast period.

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On the basis of end use, the global calibrators market has been segmented into industries and laboratory. The industries segment is further classified into sub-segments; electrical & electronics, process industry/process control industry, power industry, and auxiliary manufacturing. The process industry/process control industry sub-segment is stipulated to be the controlling segment in the global calibrators market due to the extensive need of test and measurement equipment in order to eliminate or mitigate any discrepancies in the manufacturing process.

Among all other regions, North America is estimated to account for over one-fourth of the market share in the global calibrators market, owing to the growing industrialization and urbanization, which in turn, is augmenting electrical testing services. As the entire world depends on electricity and its resources for power generation and distribution, the consumption of these resources have been increasing rapidly in the global market and hence, the impact of this factor is moderately high.

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In terms of the global calibrator market value share, Europe is estimated to stand second, following North America in the global calibrators market. By country, China, Brazil, and India are predicted to be the emerging countries in the global calibrators market.

The electrical equipment industry is highly competitive and fragmented, due to the presence of various small and medium scale players. Some of the key players in the global calibrators market are Fluke Calibration, Keysight Technologies, WIKA, AMETEK INC, Beamex Oy Ab, OMEGA Engineering Inc., Megger, Yokogawa Test & Measurement Corporation, and ABB, among others.

Calibrators Market By Category

By Current Type:

• AC
• Single Phase
• Handheld
• Stationary
• Three Phase
• Handheld
• Stationary
• DC

By Sales Channel:

• Online Sales
• Offline Sales

By End Use:

• Industrial
• Electrical & Electronics
• Process Industry/Process Control
• Power Industry
• Auxiliary Manufacturing
• Laboratory

By Region:

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

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The global pharmacy automation systems market is projected to reach a value of about US$ 10.6 Bn by 2032, with the market growing at a strong CAGR of 8.0% from 2022 to 2032. Valued at US$ 4.6 Mn in 2021, the target market will likely reach US$ 4.9 Bn in 2022. The elevated usage of the pharmacy automation system in drug dispensing & packaging, drug storage, and inventory management is fueling the market growth of the same. Rising interest in automating the daily operations of pharmacies all over the world is supplementing the growth of the pharmacy automation systems market during the forecast period.

Hospital and retail pharmacies are major contributors to the pharmacy automation systems market. More and more pharmacies across the world are adopting pharmacy automation systems to automate day-to-day activities to reduce human intervention, enhance operational efficiency, and lessen overstocking. These systems are used by both inpatient and outpatient pharmacies. Pharmacy automation systems also include properties like the ability to measure personalized medications, track and update consumers’ information in a database, and monitor the all-over procedure of inventory management and distribution.

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Consequently, they are a suitable replacement for manual dispensing across drugstores. The installation of these systems has immensely improved the efficiency and security of storing, administering, filling, packaging, and labeling prescription medications. These considerations, coupled with other factors like the introduction of cost-effective automation solutions, incorporation of advancing technology into the target product, etc., are likely to drive the growth of the pharmacy automation systems market during the forecast period.

Furthermore, the rising awareness of the benefits of pharmacy automation technologies is encouraging many small and mid-sized healthcare hospitals and retail pharmacies to replace their traditional pharmacy operation practices with these systems. This will boost the market prospects during the next decade.

“Rising awareness of the advantages of pharmacy automation systems along with favorable government policies will supplement the global growth of the pharmacy automation systems market over the forecast period,” says an FMI analyst. 

Key Takeaways:

• By end user, the hospital pharmacies segment will grow at a high CAGR over the forecast period.
• On the basis of application, drug dispensing and packaging will continue to dominate the global market growth.
• Accounting for 42.6% of the market share in 2021, the medication dispensing cabinets will present a steady growth over the assessment period.
• Germany’s pharmacy automation systems market will register a 7.9% CAGR.
• The pharmacy automation systems market in the U.S. will acquire a 56.6% share of the global market.
• Increasing number of pharmacies drives the target market growth in India.

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Competitive Landscape 

AmerisourceBergen Corporation, Baxter International Inc., Swisslog Holdings AG, Care Fusion Corporation, Cerner Corporation, Kirby Lester LLC, Talyst, LLC., Omnicell Inc., and ScriptPro LLC among others are some of the major players in the pharmacy automation systems market profiled in the full version of the report.

Key market players are keen on adopting tactics such as new product releases and increasing investments in research and development. These organizations are also focusing on employing mergers, acquisitions, partnerships, and collaboration strategies to expand their consumer base.

More Insights into Pharmacy Automation Systems Market Report

In its latest report, FMI offers an unbiased analysis of the global pharmacy automation systems market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (robotic dispensing machines, carousel storage, tablet splitters), application (drug dispensing & packaging, drug storage, inventory management), end user (hospital pharmacies, clinic pharmacies, retail pharmacies, mail order pharmacies, pharmaceutical SME’s), and region.

According to the latest FMI reports, based on segmentation, the medication dispensing cabinets segment will demonstrate steady growth owing to its higher rate of adoption. The drug dispensing and packaging segment held 47% of the market share in 2021 and will likely retain its lead while the hospital pharmacies segment is anticipated to register a high CAGR during the projection period.

Based on region, the pharmacy automation systems market in Germany is projected to exhibit substantial growth, recording a positive CAGR of 7.9% during 2022-2032. A well-established and advancing healthcare sector, a rising geriatric population, growing concerns regarding improper inventory management, and the high cost of storing inventory are certain considerations that drive the growth of the target market in this country. Germany accounted for 3.3% of the global pharmacy automation systems market share in the year 2021. Other countries like India and the United States are predicted to present impressive growth in the pharmacy automation systems market over the forecast period.

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Key Market Segments Covered in Pharmacy Automation Systems Industry Research

By Product:

• Medication Dispensing Cabinets
• Packaging & Labelling Machines
• IV Pharmacy
• Robotic Dispensing Machines
• Carousel Storage
• Tablet Splitters

By Application:

• Drug Dispensing & Packaging
• Drug Storage
• Inventory Management

By End User:

• Hospital Pharmacies
• Clinic Pharmacies
• Retail Pharmacies
• Mail Order Pharmacies
• Pharmaceutical SME’s

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Sales in the global dust extractors market are slated to top US$ 2.2 Bn in 2022. Expanding at a healthy 8.5% CAGR, the market size is projected to total US$ 3.6 Bn by 2028. Demand is anticipated to increase by 8.5% CAGR from 2022 to 2028 as opposed to 8.4% CAGR from 2013 to 2021.

Rising implementation of stringent norms by the government to control emissions in the U.S. is likely to boost the market. North America dust extractors market is projected to account for 20.1% of the market share in 2022, estimates FMI.

Dust extractor sales surpassed $1 billion globally in 2018, and a 6% annual growth rate is anticipated in 2019 and beyond. Dust extractors will experience significant improvements in the low dust class over the coming years, according to a new research intelligence outlook from Future Market Insights (FMI).

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While adoption of dust extractors in medium dust class will retain a dominant share over that in the low dust class in the long run, the latter is highly likely to outpace former owing to the impressive growth of commercial building sector. Sales are likely to experience a considerable hike in the forthcoming years, as the demand from major end-use sectors, particularly commercial building and offices, is on a constant rise.

Construction sites, though envisaged to remain key demand generator in the dust extractor space, will be closely trailed by the wood working segment. The report positions wood working applications of dust extractors market  as an important demand contributor to the market and projects a healthy rate of growth for the dust extractor demand in wood working segment.

DYI Applications Boosting Potential of Online Sales Channels

Growing number of projects in the commercial space construction landscape will remain a significant booster for the demand growth of dust extractors at a global level. Moreover, noteworthy increase in the number of DIY applications, strongly backed by flourishing online retail channels, has been cited in the report as important factors impacting the growth of dust extractor market in years to come. The report has attributed growth of DIY applications segment to the progress of home improvement industry, observed in the recent past.

In the light of success registered by leading online distributors of DIY vacuum cleaners such as Amazon, EBay, Alibaba, and ShopClues among others, a number of organizations are strategizing their entry to the E-commerce space. The report projects that power tools sales are likely to emerge as a popular strategy among players, which are stepping in the online retail world for DYI vacuum cleaner sales.

Growing consumer preference for online channels while shopping DIY application tools is instrumenting accelerated online sales of dust extractors, as per the report findings. However, high price point associated with high-capacity vacuum cleaners will continue to restrain the accelerated growth of dust extractor market in the long run.

In line with the potential competitive edge offered by dust extractor models with compact dimensional design and light weight, key manufacturers are following the growing trend of high R&D investments in innovative product launches.

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Japan to Rise as the Industry’s Manufacturing Hub

Europe is envisaged to emerge as a highly profitable region for the prominent consumers of dust extractors, towards the end of the forecast period. Currently, the US and Germany represent the most prominent countries generating significant demand for dust extractors, subsequently benefiting the markets in North America and Western Europe, respectively.

According to the report, the demand for dust extractors in developed regions will continue to be favorably influenced by the stringent regulatory framework of regional governments regarding the usage of vacuum cleaners.

Furthermore, Japan is also anticipated to be a lucrative regional market for dust extractors, in terms of value and volume. FMI’s analysis also depicts that Japan is currently reflecting the potential to develop into the new manufacturing hub. MEA is also projected to remain a prominent regional market for dust extractor sales, which has been primarily attributed to the robust growth of key end-use sectors across the region.

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Dust Extractor Market: Vendor Landscape

The dust extractor market is largely fragmented, as a result of the strong presence of a large number of local and established players. The report provides details of some of the key players in the global dust extractor market, such as Milwaukee Tool, Alfred Kärcher SE & Co. KG, Makitra Corporation, Hilti Group, Robert Bosch GmbH, DeWalt (acquired by Stanley), Metabowerke GmbH, Panasonic Corporation, Nilfisk Inc., Tennant Company, Numatic International Ltd., Electrostar GmbH (Starmix), Bisell Inc., Fiorentini / Clemas & Co., Verimark (Pty) Ltd., and C & E Fein GmbH.

Dust Extractors Market by Category

Capacity:

• 0.4-1 Ltr.
• 1-10 Ltr.
• 10-20 Ltr.
• 20-40 Ltr.
• Above 40 Ltr.

Power:

• Battery Operated (Cordless)
• 12 V
• 18 V
• Direct Power Supply Based (Wired)

Application:

• Professional Craftsmen (DIY)
• Woodworking
• Car Service
• Individual
• Garage/Service Stations
• Construction Site
• Commercial Establishment Maintenance & Cleaning

Dust Class:

• Low
• Medium
• By Sales Channel
• Hardware Shop
• Wholesale
• Retail
• E-commerce Platform

Vacuum Pressure:

• 0.01-0.1 Bar
• 0.1-1 Bar
• More than 1 Bar

Region:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Oceania
• APEJ
• Japan
• Middle East & Africa (MEA)

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Over the forecast period of 2016 to 2026, the global Barcode Printers market is expected to grow at a CAGR of 7.4% in terms of sales, owing to factors affecting its end-use. Barcode printers are special printers that are used to produce barcodes and product labels. Barcode printers are distinct from typical printers in that they employ different consumables to create a barcode print image. These printers are built in such a way that they can produce clear, machine-readable barcode prints at quicker printing speeds and for a lower cost.

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A Barcode printer is defined as an electronic device designed specifically for the printing of barcodes. The working principle and build of a barcode printer are slightly different from computer printers as it uses ribbons and labels working in tandem to get a barcode printed. Barcode printers usually don’t have programmable logic controllers, but rely on an external computer system.

Growth in the manufacturing sector is reviving after the 2008 economic crisis. Automation and streamlining of manufacturing processes are being adopted by a large number of manufacturing companies worldwide to reduce time and material wastage, thereby improving efficiency and output. Barcoding is one such technique that is increasingly being adopted. This process has reduced production time considerably in the manufacturing process, thereby driving demand for barcode printers.

Barcodes have become the de facto standard for product information storing and labeling. Retailers worldwide use barcodes for the hassle-free recording of supplies and commodities and their sales to customers. Barcodes imprinted on labels are stuck to the products and they record information about the product count, date of manufacture, date supplied to the retailer, selling price, etc.

When these products are scanned, the information is retrieved and monitored. This entire process, which is achieved within a matter of seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses.

However, the threat of RFID tags as substitutes to barcode labels and the low compatibility of barcode printers with different operating systems act as restraints in the global barcode printer market.

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Segmentation highlights

The market is categorically divided into six segments based on printer type, printing technology, consumables, application, distribution channel, and region. The printer type segment of the barcode printers market includes Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode printers and Others.

On the basis of printing technology, the market has been divided into Thermal Transfer, Direct Thermal, Dot Matrix, Laser and Ink Jet. On the basis of distribution channels, the market is segmented as Direct-to-End User, Direct-to-OEM, Dealer/Distributor, and Systems Integrator. On the basis of application, the market has been divided into industrial/manufacturing, transportation/logistics, retail, healthcare, government, and commercial services.

• The Industrial Barcode Printer segment holds the highest market share of 46.1% closely followed by the Desktop Barcode Printer in the Barcode Printers Market. The Industrial Barcode Printer segment is also expected to dominate in the forecast period with a CAGR of 8.3% due to a preference of sturdy and rugged barcode printers with higher productivity.
• Thermal Transfer segment holds the highest market share amongst all with 62.8% and is expected to improve further in the forecast period owing to very less cost involved, while Dot Matrix, Laser, and Ink Jet printing technologies are least preferred technologies and are on the verge of being phased out.
• Dealer/Distributor is the most preferred supply channel and is expected to dominate in the future due to higher distribution efficiency, low supply costs and faster delivery times.

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Regional projections

North America and Western Europe are the most promising regions for the market’s growth owing to higher preference of barcoding technology in different applications, while the market in the Latin America region is on a slow and stagnant growth due to low adoption of barcoding technology. The growth of the Barcode Printers market in APEJ region may also grow at a slower pace due to saturation and slow down of the manufacturing sector in China.

The Industrial Barcode Printer Segment Holds the Highest Market Share in the Global Barcode Printers Market

Desktop Barcode Printer, Industrial Barcode Printer, Mobile Barcode Printer, and Others are the several types of barcode printers available. In the Barcode Printers Market, the Industrial Barcode Printer category has the biggest market share of 46.1 percent, followed by Desktop Barcode Printer.

Due to a desire for strong and tough barcode printers with higher productivity, the Industrial Barcode Printer segment is predicted to dominate in the forecast period with a CAGR of 8.3%.

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The global power tools market size was valued at US$ 33.36 Bn in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% CAGR between 2021 and 2031. Tools that are activated using a power source apart from manual labor are termed as power tools.

They are used in a variety of applications, including production and assembly lines, maintenance and repair, packaging, and do-it-yourself projects. Power tool demand is being driven by several factors, including ease and efficiency of operation, reduced time and labour requirements, and easy portability.

Demand is expected to skyrocket as manufacturing activity expands across the industry. According to fmi, production programmes will account for the majority of market income during the forecast period. Aside from that, the growing popularity of do-it-yourself sports will increase revenue opportunities for the market.

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Key Takeaways from Global Power tool Market Study

1. The power tools market will exhibit growth of 0.2% in 2021 over 2020 to reach 4,3%
2. The overall outlook remains positive as FMI forecasts the market to rise at ~5.1% between 2021 and 2031.
3. The U.S. is expected to spearhead growth in North America, accounting for over 62% of the overall share in the region in 2021
4. The U.K. is expected to exhibit 4.6% year-on-year growth between 2021 and 2031
5. The outlook for Italy and France is expected to remain positive over the forecast period

“The power tools market is witnessing a strong growth trend, attributing to increasing demand from various end use industries. Key industry participants are focusing on developing partnerships with regional distributors in order to gain a competitive advantage in the evolving global market. To comply with the advent of online sales channel, adoption of e-commerce will create extensive opportunities for market participants during the forecast period.” says FMI analyst.

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Key Segments

Product Type

• Drilling Tool
• Fastening Tool
• Heat Gun
• Angle Grinder
• Chain Saw
• Orbital Sander
• Jigsaw
• Impact Wrench
• Circular Saw

Technology

• Electric
  • Corded
  • Cordless
• Pneumatic

Application

• Manufacturing
  • Metal Fabrication
  • Automotive
  • Railways
  • Aerospace
  • Furniture
  • Others
• MRO Services
  • Facility Management
  • Automotive
  • Aerospace
  • Other Industrial
• DIY
• Construction

Sales Channel

• Online
• Offline

Region

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

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

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The dewatering pumps market is expected to grow at year-on-year rate of 5.3%, reaching a value of about US$ 6.9 Bn by 2022. North America is expected to dominate the global dewatering pumps market in terms of revenue in 2022, with a CAGR of 4.7% in terms of value over the forecast period.

The global dewatering pumps market is primarily driven by robust demand from ongoing infrastructure projects. Future Market Insights (FMI) has projected the market to register a CAGR of 5.3% by value during the period of 2022 and 2028.

With the expansion of residential complexes, industrialisation, and the mining sector, the need for dewatering pumps is increasing. Dewatering pumps are typically used to remove excess of water from construction and mining sites. They are transportable equipment that are commonly used in subsurface excavation for foundations and basement space building, and are positioned at construction sites with lower ground levels to manage and maintain groundwater levels.

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According to Future Market Insights, the dynamics of the dewatering pumps market, which is primarily influenced by residential complex expansion, industrialization, and the mining industry, will be the subject of a comparison and review study. Increased hydraulic fracturing production to support oil and gas operations will foster market expansion.

Long-term tie-ups with EPC (Engineering Procurement and Construction) companies are expected to provide high and stable sales to international manufacturers of dewatering pump. Most sales of small and medium capacity pumps take place through distributors and retailers, which generally hold multi-branded & wide variety products at their shelves.

The global dewatering pumps market  is identified as a fairly concentrated market with the organized sector having a share of around 49% of the global market followed by Tier 2 and small scale manufacturers. The principal aim of the manufacturers has been the expansion of market footprint via extension of their product portfolio and strengthening of the sales and distribution network.

Providing integrated offerings through diverse range of products and developing strong distribution and aftersales service network at regional and local level can provide significant opportunities for growth. In order to gain competitive advantage, strong focus on life-cycle costs analysis, including reducing operating costs through energy-efficient solutions, is highly required for product differentiation.

Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand

Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.

An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.

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Low Priced China-based Pumps to Act as Hindrance to Market Growth

The presence of numerous Chinese players who are offering low-priced pumps acts as a restraint to most regional and global players offering pumps. The surging price pressure from these players is influencing the main suppliers to offer high-quality, reliable, efficient, and technologically-advanced pumps at competitive prices. However, the price sensitive nature of the market is a restraining factor on overall revenue growth potential of the global pump market.

Emergence of China as a major producer of low cost pumps, is has disrupted the market to a certain extent. In order to overcome this challenge, international pump vendors need to differentiate their products through various additional services and integration of advanced technologies.

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

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The global workstation market is expected to reach a value of US$ 100,033.7 Mn in 2029, with sales growing at a stellar CAGR of 9.2% from 2022 to 2029. Climbing up from a value of US$ 50,107.4 Mn in 2021, the target market will likely reach an estimated US$ 53,984.2 Mn in 2022. A surge in the adoption of rack workstations, desktop workstations, and mobile workstations across diverse applications like digital content creation, advanced data modeling, industrial designing, and 3D modeling among others will propel the workstation market during the forecast period.

Escalating demand for 3D animation, networking & graphics processing, and digital content creation, coupled with advantages like low energy consumption and a decrease in hardware-related spending will likely spearhead the demand for the workstation market during 2022-2029. In addition, the rising popularity of mobile workstations further supplements the target market growth. At present, mobile workstations are open to consumers with processors ranging from Core i3 to Xeon.

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The computing capacity earlier available only in a tower workstation is now also provided in a mobile workstation, which permits users to work at the job site due to its mobility. Thus, the mobile workstation segment is expanding swiftly within the workstation market and contributing to the overall growth of the workstation market.

Owing to a surge in the understanding of the high-end use of digital photos & videos among clients, the media industry, too, is nowadays making use of simple 2D & 3D image editing, web creation, and low-end video editing to feature-film special effects creation and editing. This is expected to boost the adoption rate of workstations, due to the rising demand for digital software for high-processing platforms. All of these considerations foster an environment of growth for the target market during the forecast period.

“Workstation-related benefits like low energy consumption and decline in spending on hardware will likely fuel the global growth of the workstation market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• The workstation market in India will register a CAGR of 14.1%.
• The U.S. workstation market will expand at 7.8% CAGR during 2022-2029.
• The desktop workstation segment will record a CAGR of 7.9% during the assessment period.
• By application, the industrial designing segment will grow at a CAGR of 8.2%.
• On the basis of industry, the healthcare segment will expand at a CAGR of 12.0% during 2022-2029.

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Competitive Landscape 

Fujitsu Limited, Microsoft Corporation, NVIDIA Corporation, Intel Corporation, Dell EMC, Red Hat, Inc., Hewlett Packard Enterprise, HP Inc., Secunet AG, Citrix Systems, Inc., Lenovo Group Limited, Cisco Systems, Inc., Super Micro Computer, Inc., and VMware, Inc., among others are some of the major players in the workstation market profiled in the full version of the report.

Leading market players are focusing on product innovation and development to increase their product portfolio. Some of the other businesses in this field are employing strategies like collaborations and partnerships to expand their consumer base.

More Insights into Workstation Market Report

In its latest report, FMI offers an unbiased analysis of the global workstation market, providing historical data from 2014 to 2021 and forecast statistics for 2022 to 2029. To understand the global market potential, growth, and scope, the market is segmented on the basis of type (rack workstation, desktop workstation, tower workstation, mobile workstation), operating system (Windows workstation, Linux workstation, Unix workstation), core (6 cores, 8 cores, 12 cores, 18 cores, 28 cores, 32 cores, 56 cores, others), enterprise size (SMEs, large enterprises), application (digital content creation, advanced data modeling, industrial designing, 3D modeling, others), industry (healthcare, education, BFSI, manufacturing, media and entertainment, engineering and design, others), and region.

According to the latest FMI reports, based on segmentation, the desktop workstation segment will register higher demand than the other and grow 1.6 times its current size by the end of 2029. On the basis of application, the industrial designing segment will make major contributions to the overall market growth as there is a heightened demand for high-processing platforms. This segment will grow at a CAGR of 8.2%. On the basis of industry, the engineering and design segment will grow 1.7 times its current value by 2029.

Based on region, the workstation market in Japan will present impressive growth during 2022-2029. The target market in Japan will generate a revenue opportunity of US$ 972.9 Mn during this period of observation. This growth can be attributed to the presence of a few key market players and the development of smart infrastructure for enhanced technologies. Apart from Japan, the U.S. and India, too, will demonstrate notable market growth during the forecast period

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Workstation Market Outlook by Category

By Type:

• Rack Workstation
• Desktop Workstation
• Mobile Workstation
• Tower Workstation

By Operating System:

• Windows Workstation
• Linux Workstation
• Unix Workstation

By Core:

• 6 Cores
• 8 Cores
• 12 Cores
• 18 Cores
• 28 Cores
• 32 Cores
• 56 Cores
• Others

By Enterprise Size:

• SMEs
• Large Enterprises

By Application:

• Digital Content Creation
• Advanced Data Modelling
• Industrial Designing
• 3D Modelling
• Others

By Industry:

• Healthcare
• Education
• BFSI
• Manufacturing
• Media and Entertainment
• Engineering & Design
• Others

Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 7-years.

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