Market Research Blog

Global gluconolactone market is anticipated to rise at a CAGR of ~7.9% between 2019 and 2029, finds Future Market Insights in a recent study. The gradual shift in consumers’ lifestyle and dietary patterns over past few years has brought about noticeable changes in the food industry. Consumers have become pickier about their food choices. Furthermore, the rising demand for preserved food such as meat has stimulated the demand in the gluconolactone market.

Gluconolactone uses are plenty. For instance it is one of the more preferred ingredients used in energy drinks. This has increased the use of gluconolactone in cosmetics, skincare, besides food and beverages industry. Spurred by these factors, the gluconolactone market size will increase in the coming years.

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Key Takeaways from the Gluconolactone Market Study

• As, there is limited production of gluconolactone, leading manufacturers are now focusing on strengthening their distribution and supply base in the global market in order to assure products are easily available to their target customers.
• Among various end-use segments, the usage of food (tofu, meat products, etc.) and energy drinks is the most common. Owing to the increasing usage of flavouring agent in food in fruit juices, honey and wine as well as to lower the pH of dressing sauces is a one of the significant reason propelling the demand of gluconolactone market across the globe.
• According to the report, several manufacturers are expanding their global presence through collaboration and acquisition of major regional as well as domestic-level players, in order to expand its gluconolactone market across the globe. This is intended to expand their product offering and product portfolio along with increasing numbers of manufacturing facilities. Currently manufactures are investing in research and development activities to boost their manufacturing capabilities in its targeted region and country.

“Key players are constantly developing more innovative as well as competitive food and nutritional solutions and others performance materials. In addition, they are more focused on improving their horizontal integration to reduce the uncertainties associated with the supply of consistent quantity as well as quality of raw materials and end products. Moreover, manufacturers are focusing on incorporation of more advanced technologies mainly which are beneficial for health. This will aid expansion of Gluconolactone market” says an FMI analyst.

Rising Application in Pharmaceutical and Food Industries Boosts Growth

On the backdrop of increasing pharmaceutical and food industry the gluconolactone market is anticipated to grow in the forthcoming years. Few years back, gluconolactone containing products such as, Red Bull, were banned in some European countries including France, Norway, and other Scandinavian countries. Since 2008, France has lifted its ban on Red Bull, and the product has appeared on the shelves of the supermarkets.

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The household spending of consumers in these countries is well above the developing countries and consumption of energy drinks and other beverages is higher. Due the lifting of the ban, the consumption on Red Bull, promising growth opportunities are created and the demand for gluconolactone is increasing.

Who is winning?

Some of the market players profiled in the report are

Hubei Yitai Pharmaceutical Co.Ltd., Shaoxing Marina Biotechnology Co.Ltd., Merck Millipore Corporation, Foodchem International Corporation, Anhui Fubore Pharmaceutical & Chemical Co.Ltd., Jungbunzlauer, Roquette Frères, Shandong Fuyuan Bio-Tech CO.LTD., Shandong Xinhong Pharmaceutical Co., Ltd., Shandong Baisheng Biotechnology Co., Ltd., Red Bull GmbH, Rockstar, Inc., Monster Energy, 25.4. Living Essentials Marketing, LLC, LiveLong Nutrition, and Serious Nutrition Solution and others.

Several leading market players are acquiring smaller businesses to expand their footprint and product portfolio. Besides this, acquisition often allows them to gain competitive advantage.

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• In 2018, Roquette Frères acquired Crest Cellulose, which is a leading manufacturer of pharmaceutical excipients. The size of Roquette Frères pharmaceutical market was ~US$ 33 billion in 2017 and it is anticipated to grow by 10% per year. Moreover, the company also expanded ‘Beauté by Roquette®’ product offering for the cosmetics market with the launch of innovative plant- based ingredients.
• In 2014, Merck Millipore Corporation acquired Sigma-Aldrich for US$140 per share in order to expand its global reach and increasing company presence in North America and adding exposures to in Asian Markets in its attractive life science industry.

About FMI

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As per the tempeh market survey report released by FMI, The overall value of the total sales of tempeh in 2022 was found to be US$ 4.7 Billion. The global tempeh market is expected to reach a market valuation of US$ 4.7 Billion by the year 2021, accelerating with a CAGR of 6.4% by 2022-2032.

The fermented and functional food market is a primary driver of the tempeh market’s growth. The increased health consciousness among customers is reflected in a large number of product introductions in the functional food business. Probiotics are one of the key goods that are propelling the business forward.

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Furthermore, consumers are always on the lookout for newer and better products on the market that will help them balance their healthy lifestyles while still satisfying their decadent desires. Tempeh straddles a number of intersecting trends, including the quest for ethically sourced food, traditional foods, probiotics, and savoury foods.

In terms of probiotic product introductions, Asia Pacific is the most active region, with China, South Korea, and Australia leading the way. Due to the explosive growth of its sister area, fermented vegan drinks, the tempeh industry is likely to rise in lockstep.

Key Takeaways from Market Study

• The market is segmented based on source, wherein the soybean is anticipated to account for a significant share in the global market in 2022 and is expected to witness a lucrative growth rate of 6.3% during the forecast period
• The Asia Pacific tempeh market is anticipated to dominate the global market with a market share of around 77.2% in 2022, but South Asia is expected to witness a lucrative growth rate during the forecast period
• On the basis of distribution channel, the direct channel is expected to hold a dominating share in 2022, but the online retail store is expected to witness a lucrative growth rate over the forecast period
• Based on product type, fresh tempeh is dominating the global market in 2022

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 “Increasing number of consumers are opting for meat substitutes and vegan products, and this trend is paving way for newer varieties of soy food products in the market. Consumer awareness regarding meat substitutes especially soy food products is said to increase at an exponential rate over the forecast period.” said a lead analyst at FMI.

Consumption of Plant-based Foods is Becoming Increasingly Mainstream

Since many people find it difficult to completely eliminate meat from their diets, flexitarianism is considered a more feasible dietary transition than becoming vegan or vegetarian. Flexitarians are vegetarians who derive their protein from sustainable sources like plant-based meals rather than meat.

This trend is backed by a slew of food behemoths, who are all rooting for the all-meat alternative products industry to develop, including tempeh. With the use of new food technology, manufacturers are also attempting to create plant-based food products with meat-like texture and taste. This shows how strong the desire for plant-based meat alternatives is among consumers.

Who is winning?

Some of the leading companies offering tempeh are Turtle Island Foods, Inc., Nutrisoy Pty Ltd, Mighty Bean Tempeh Sunshine Coast, Totally Tempeh, Byron Bay Tempeh, Margaret River Tempeh, Organic Village Food, Gwen Tempeh, Tempeh Temple, Primasoy, SBC Tempeh Manufacturers, Lalibela Farm Tempeh, Alive & Healing Inc., Henry’s Tempeh, Rhapsody Natural Foods, TOFU Manufaktur Nagel GmbH, Impulse Tempeh, Schouten Europe B.V., Natural Oriental Fresh Foods BV, Tempea Natural Foods Ltd., and Others.

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Get Valuable Insights into Tempeh market 

Future Market Insights, in its new offering, provides an unbiased analysis of the tempeh market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the tempeh market based on by source (soybean, multigrain, and others), by nature (organic and conventional), by flavor (plain and herbs & spices), by product type (frozen, fresh, and ready-to-eat), by distribution channel (direct and indirect), and across seven major regions.

About the Food & Beverage Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the food & beverage team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has aanalyzedthe food & beverage industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

About FMI

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 sea bream market is set to witness growth at a CAGR of 5.5% and top a valuation of US$ 522.7 Million by 2032. Production of gilthead sea bream has increased by 5% in Europe over the last decade, according to research, owing to the aquaculture expansion in the region. Greece has the leading production capacity in the region, along with Turkey, which accounted for 58% of production in Europe in 2019.

According to a study, the EU-27 are the top producers in the world in the category of farmed gilthead sea bream, along with Turkey, which accounted for 40% and 34% of global production, respectively, in 2019. The total supply of gilthead sea bream (imports + production) was nearly about 193,792 tons LWE (live weight equivalent) in Europe, half of which came from imports and the other half from production.

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The supply chain of gilthead sea bream varies between France, Spain, and Germany. Consumption in Europe was the highest in Spain, Italy, France, and Portugal. The national market in Spain depends on both imports and domestic farmed production. However, domestic production is limited in France, so the retail market depends mostly on imports. There is no or minimal domestic production in Germany, for which the market relies on imported products exclusively.

Key Takeaways from Market Study

• The sea bream market is worth US$ 275.9 Million in sales in 2022.
• The sea bream market is expected to expand at CAGRs of 6.6% through 2032.
• Global sea bream demand is projected to grow year-on-year (Y-o-Y) growth of 6.1% in 2022.
• The sea bream market is growing with a notable boost towards production to reach US$ 522.7 Million by 2032.
• High-textured meat-like products with juicy profiles and widespread usage in the food industry are the factors driving the growth of the market and are the influencing factors among consumers, which is driving sales of sea bream across global markets.
• Demand for sea bream grew at 5.7% CAGR between 2017 and 2021.
• HESY Aquaculture B.V., Corfu Sea Farm S.A, Avamar, The Nissui Group, and Philosofish S.A. are expected to be the top players in the industry.
• The Sea bream market along with organic sea bream, gilthead sea bream, large-sized sea bream, fresh sea bream, and B2C sales channels are in heavy demand from the food industry carrying a notable market share.

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“The healthy option with loaded B vitamins and low calories, a medium-sized portion of sea bream may offer a recommended amount of vitamins and minerals daily to protect against heart disease, enhance the immune system, and help in fighting cancer. Best served with subtler and lighter flavors, with any Asian or Mediterranean flavors, sea bream makes a sound choice for a light supper or a lunch, growing the product demand rapidly,” says a Future Market Insights analyst.

Competitive Landscape

Key sea bream brands are looking for new strategic partnerships to develop applications in the food industry, while core business brands are focusing on research and development to generate high-quality and nutritional food solutions. The key players are focusing on product innovation with formulations to attract more customers to the product.

HESY Aquaculture B.V., Corfu Sea Farm S.A, Avamar, the Nissui Group, and Philosofish S.A. are a few among the top players driving the sea bream market growth.

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Future Market Insights, in its new report, offers an impartial analysis of the global Sea Bream market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study offers compelling insights based on nature (organic and conventional), product type (red bream, gilthead bream, black bream, Pandora bream, and white bream), size (large, medium, and small), packaging type (fresh, frozen, canned, and others), sales channel (B2C / HoReCa, and B2C), and end use (food industry, retail industry, pet food industry, and others), across seven major regions of the world.

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About Food & Beverage Division at Future Market Insights

The Food & Beverage team at Future Market Insights provides all the necessary insights and consulting analysis to fulfill the unique business intelligence needs of clients worldwide. With a catalog of more than 500 reports pertaining to the latest statistics and analysis from the food & beverage industry, the team is happy to help with every business intelligence research and consulting requirement.

About FMI

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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According to a new study by FMI, sales of taurine are expected to be valuated at ~US$ 250 Mn, towards the end of 2019. While gains will be underpinned by a slew of factors, including changing regulatory scenarios, the report suggests that wide applications of taurine, and research and development for the launch of innovative products will also contribute significantly to the sales of taurine in the near future.

Driven by diverse end-use applications, the global taurine market is set to reach US$ 364.4 Mn by 2021. Growth forecasts continue to remain strong, thanks to rising focus on health and wellness. The market will witness impressive growth opportunities through the forecast period, especially as application continues to surge in beverage sector.

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Taurine is increasingly used in various health drinks and energy drinks. FMI has forecast, the beverage segment to account for lion’s share of the global market through the forecast period. Taurine an essential amino acid is structurally as well as functionally for the body. Taurine plays a crucial role in human beings, pet, as well as fish. This is owing to the reason that taurine has such wide and essential applications.

In the European Union and China, taurine is considered essential in fish feed and is also authorized to be used for all species of fishes. There are rising speculations of replacing meat and marine-based products from the fish feed with alternate protein sources. Plant-based protein for instance soybean meal with taurine makes an excellent meal for fish, comprising of all essential nutrients required.

Key Takeaways from the Taurine Market Study

• Taurine market will continue showcasing solid growth through forecast period. It is projected to record 6.9% Y-o-Y growth in 2021
• The U.S. will continue exhibiting high demand and account for dominant 82.6% of the North America market
• Growth in the U.K. to remain positive as the country is forecast to exhibit 4% Y-o-Y growth in 2021
• France and Germany will emerge as lucrative pocket for taurine sales in Europe
• While growth rate in Japan and South Korea will remain positive, China is expected to account for leading market share through forecast period

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Taurine in Energy Drinks

Taurine is a crucial ingredient in energy drinks and is prominently used by key manufacturers such as Redbull, Monster Drink. Energy drinks claims to have several health benefits, owing to which millennials and gen-z are anticipated to gravitate towards these products and taurine will experience a cascading effect of increase in demand in the forecast period.

Several leading manufacturers of taurine are focusing on strengthening production capacity and distribution channels to expand their footprint in the global market. Leading players also are investing in research and development to produce organic, non-GMO ingredients for Taurine and to develop a novel production process that will also be suitable for consumption by vegan and flexitarian.

Manufacturers are also seen capitalizing on the opportunity in the food processing industry. Taurine is known to act as an emulsifier and flavoring agent in many processed food. Manufacturers are producing baby food formula with taurine as an ingredients that are targeted for neonatal who are born under-weight or premature.

• In August 2019, Foodchem International Corporation commenced the expansion project in Jiangxi Province, China owing to the rising demand of taurine.
• Qianjiang Yongan Pharmaceutical Co., Ltd., is further planning to expand its production capacity of taurine. For supporting this aim, the company has started strengthening its distribution network by opening warehouses and storage capacity.

Alternate Source of Taurine in Development

The increasing vegan population has bolstered the need for an alternate source of taurine, either plant-based or synthetic process. A large number of taurine manufacturers depend on the latter method for taurine production as chemical processes are easy to control and can alter production quantity as per requirement. The synthetic production process of taurine also requires less number of raw material, whereas natural sources such as algae need to be handled well for adequate production of taurine.

Taurine manufacturers are developing these innovative processes and patenting under their name to maintain their market position with high quality of taurine.

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Get Valuable Insights into Taurine fiber Market

Future Market Insights, in its new offering, provides an unbiased analysis of the Taurine market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the Taurine market based on End Use Application (Food, Beverage, Animal Feed, Pet Food, Pet Supplements, Dietary Supplements, Cosmetics & Personal Care Products, Agriculture, and Pharmaceuticals), across seven major regions.

Key Segment

End Use Application

• Food
  • Dairy Products
  • Infant
  • Bakery Products
  • Cereal Products
• Beverage
  • Energy Drinks
  • Caffeinated Drinks
  • Soft & Carbonated Drinks
• Animal Feed
  • Aquaculture Feed
  • Poultry Feed
• Pet Food
  • Cat Food
  • Dog Food
• Pet Supplements
  • Cat Food
  • Dog food
• Dietary Supplements
• Cosmetics & Personal Care
  • Skin Care Products
  • Hair Care Products
  • Toiletries
• Agriculture
• Pharmaceuticals

Region

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

About FMI

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 9 years.

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The global Products from Food Waste market size was valued at USD 52.91 billion in 2022, and is projected to grow at a CAGR of 4.6% to reach USD 83.26 billion by 2032.

With better standards of living, consumers are casually throwing away their unwanted goods and products in the garbage. These can be used to create products from food waste. With increased disposable incomes, the value of available food and other goods has gone down considerably. This is especially common in developing regions, where environmental consciousness is much lower than developed regions.

Affluent countries are also known to buy more food than required and then tend to waste it. This has generated considerable opportunities for the products from food waste market. Also, some consumers are becoming aware of food loss in terms of ethics and sustainability, and are coming up with household methods to consume products from food waste.

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Cosmetic Flaws in Fresh Produce Paving the Way for Retail Sector

Not meeting the cosmetic criteria (which is the faulty appearance of a fruit) is one of the major reasons why plenty of fruits are being discarded as waste, and this has opened the gateway for the growth of the products from food waste market. USDA estimates that, on an average, supermarkets in U.S. lose nearly US$ 15 Bn annually due to cosmetic flaws in fruits and vegetables. This presents ample opportunities for the products from food waste market.

These fruits and vegetables are of excellent quality and at par with the nutritional profile of the ones that are sold in the market. Some small- and medium-sized manufacturers are initiating the processing of such products that do not meet the cosmetic criteria, fueling the growth of the products from food waste market. These products from food waste can easily benefit the health conscious consumers due to their rich nutritional profile. Moreover, consumers tend to pay less for products that are conventional, and a higher price is paid for products that have an added-value, such as organic, vegan, and also products from food waste. Hence, through products from food waste, even manufacturers earn more profits.

Mango Peels Rapidly Becoming Potential Source of Pectin

There is a special class of pectin – LM pectin (low-methoxyl pectin) – that is preferably used in the manufacturing of low-calorie fruit jellies, which is a valuable product from food waste. The mango peel or mango waste contains a high amount of pectin (20-30% of the peel weight). If the extraction of pectin from mangoes is achieved by adding lemon juice to them, it will result in the reduction of industrial waste, and create an alternative for the production of pectin, helping in adding value to the products from food waste. Obtaining a product from food waste such as mango peels is also in tune with some of the key market trends, such as sustainable production, due to the reduction in toxic effluents.

India also happens to produce tons of products from food waste. The mango, which is a source of pectin, is one of the important produces. Yet, India relies heavily on the import of pectin. Hence, it holds immense potential for the products from food waste market.

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Use of Patented Technologies in Manufacturing of Products from Food Waste Prompting High Price Points

Some of the patented technologies used to manufacture products from food waste are expensive. Middlemen in the products from food waste supply chain, such as farmers, food and beverage processors, and retailers, have expressed keen interest in recycling and manufacturing products from food waste, but might have to face the heavy burden of implementing patented and expensive technologies that are used to manufacture products from food waste. These will add a huge chunk in the cost structure during the manufacturing process of products from food waste. This aspect may become a barrier to the growth of the products from food waste market.

Also, technology is linked with quality, which is an important force in driving the growth of the products from food waste market. Products from food waste manufacturing companies that are not accredited with quality certifications may lose their consumers base, which may hamper the growth of the products from food waste market.

The global products from food waste market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

By Source :   

• Mangoes
• Apples
• Grapes
• Citrus Fruits
• Carrots
• Beetroot
• Berries
• Others

By End User:

• Food Processing
• Beverage Processing
• Cosmetics & Personal Care
• Dietary Supplements & Nutraceuticals
• Animal Feed
• Others

Region:

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

Frequently Asked Questions

• What is the growth rate of the Products from Food Waste Market?
• What is the market’s forecasted outlook for 2022-2032?
• What are the major industry drivers?
• What are the key industry strategies of the global Products from Food Waste market?
• What are the major regional markets for Products from Food Waste?
• Which region consumes the highest amount of Products from Food Waste?
• What are the most common source of Products from Food Waste in the market?
• What are the market’s major application segments?
• What are the Key companies operating in the market?

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Power tools continue to witness steady demand in Benelux, with 10 million units expected to be shipped in 2016, up from 9.8 million units in 2015 – a y-o-y growth rate of 2.5%. The Benelux power tools market was valued at US$ 826.4 million in 2015, and is expected to reach US$ 859.1 million in 2016.

Growth of the power tools sales in Benelux is influenced by several macroeconomic and other factors such as rising investments in housing sector in Benelux, increasing automotive sales, increasing consumer confidence index, emergence of durable and cost-effective multi-functional power tools and growing online retail sales.

On the basis of mode of operation, electric power tools will continue to remain the highest selling power tools, with 5.8 million units expected to be shipped in 2016, up from 5.7 million units in 2015. On the other hand, pneumatic power tools, also known as air tools, will continue to gain popularity among DIYers, owing to their compact size and relatively lower price.

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Demand for power tools will continue to be strong from the construction sector, as Benelux’s housing sector witnesses another year of relative stability. The real estate sector in Benelux wasn’t as severely impacted by the crash of 2007-08, as it did not participate in the ‘bubble’ preceding the crash.

Growth of the Benelux power tools market will also be supported by rising adoption in the Union’s automotive sector. While availability of durable and cost-effective power tools will drive overall demand, the growing DIY trend will ramp up adoption in the consumer segment. Increasing penetration of Chinese products is also expected to play an important role in driving sales in 2016 and beyond.

Netherlands will continue to be the largest market for power tools in Benelux, with total volume expected to reach 5.5 million units in 2016. The Netherlands power tools market is expected to be worth US$ 470.0 million by 2016-end, witnessing a growth rate of 3.7% in 2016 over 2015. Belgium, the second largest market for power tools in Benelux, will witness total sales worth 359.2 million in 2016.

On the basis of end use, the Benelux power tools market has been segmented into industrial power tools and household power tools. In terms of value, the industrial power tools segment has been projected to expand at a CAGR of 4.4% over the forecast period to account for 57.9% value share by 2026 end.

By mode of operation, the market has been segmented into electric power tools, pneumatic power tools and other power tools (including IC engine, steam driven and natural power source driven power tools). The electric power tools segment is expected to create significant growth opportunity over the forecast period.

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Key Players:

Robert Bosch GmbH, Atlas Copco AB, and Makita Corporation are the key global players in the Benelux power tools market. The key strategy of these players is enhancing product portfolio by manufacturing convenient, high-performance and advanced technology equipment. Metabowerke GmbH, FERM B.V., and Einhell Germany AG are prominent local players in the Benelux power tools market. Strong distribution networks and low cost are the go-to strategies of these players to compete with global players operating in Benelux power tools market.

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In recent years, the variable frequency drives (VFD) market has seen significant growth, owing to increased opportunities for infrastructure development in emerging regions, which has boosted demand for heating and ventilation systems. VFD development is currently shifting toward offering industry-specific solutions with the goal of lowering costs and reducing operational downtime, prompting a slew of manufacturer innovations.

Variable frequency drives, particularly in critical environments and the industrial internet of things, are becoming more common in Industry 4.0. (IIot). As factories embrace automation, variable speed drives with embedded logic as onboard programmable logic controllers are becoming more common.

One of the IIoT advantages of using VFDs is improved remote access. Technicians can remotely monitor project and equipment conditions, and workers receive alerts faster, allowing them to correct anomalies on time. It is also possible to perform predictive maintenance and real-time monitoring.

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The global automotive industry has made prolific advances in the recent past. Emerging as a multibillion-dollar industry, the autonomous market is characterized by the emergence of a plethora of start-up investments. Consequently, the adoption of high-end HVAC systems and pumps has registered an impressive uptick. According to FMI’s projections, the aforementioned segments collectively accounted for nearly US$ 10 Bn as of 2019.

Prolific growth opportunities exist in the Chinese market, owing to an ever mushrooming automotive industry. Future Market Insights estimates the economic giant to produce 4.5 million variable frequency drives by 2021-end, as production cycles revert to normalcy in the aftermath of the coronavirus crisis. Hence, manufacturers are introducing a slew of technological innovations to tap this ever-expanding opportunity, thus generating powerful revenue ecosystems across the forecast period.

As a result of these advancements, leading manufacturers are increasing R&D to produce smart VFDs. For example, Applied Machine & Motion Control (AMMC) sells the Yaskawa Microdrive collections J1000 and V1000. Such developments are expected.

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Key Takeaways of Variable Frequency Drives Market Study:

AC drives adoption surging in popularity by drive type; set to acquire 260 BPS by 2031-end U.S. and Germany to emerge as highly lucrative markets, owing to growing EV sales Growing concerns over excessive power consumption compelling automotive manufacturers to invest in low-voltage VFDs Regenerative applications to find growing applications, reaching nearly US$ 15 Bn by 2021-end Pumps and HVAC systems to collectively expand at a value CAGR worth 13% from 2021-2031

 “Rapidly expanding infrastructure for capital projects are attracting frequent capital investments, attributed to the increasing scale of urbanization. Hence, automotive sales are rising, leading to widening revenue pools for VFD manufacturers,” says the FMI analyst.

Competitive Landscape

The variable frequency drives market is a highly competitive market, with a sizeable presence of both global as well as domestic players. However, key players account for nearly half of the market share. It is characterized by large supplier base and strong B2B networks.

The market has robust partnerships throughout the value chain. Suppliers of variable frequency drives adopt acquisition and regional expansion strategies to establish a foothold. Brand consciousness and aggressive marketing make it challenging for new entrants in the variable frequency drives market.

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Variable frequency drives Market : Segmentation

Drive Type

• AC Drive
• DC Drive

Voltage Range

• Low Voltage
• High Voltage

Application Type

• Standard
• Regenerative

End-use Application

• Pumps
• Fan
• Compressor
• Conveyor
• HVAC
• Others

End-use Industry

• Oil & Gas
• Food processing
• Automotive
• Mining & Metals
• Pulp & Paper
• Others

Region

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

About Us

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

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Future Market Insights has recently published a report titled “Telecom Tower Power System Market – Global Industry Analysis and Opportunity Assessment 2015–2025”. Telecom towers are an essential part of delivering communication services within a specified range. They are generally equipped with base band units (BBU), remote radio heads, antennas and small cells. Continuous power supply is necessary for data transmission through these RF devices and thus, telecom towers are generally connected with separate power systems. These power systems can use AC mains as well as a combination of diesel generators and batteries for power supply.

In terms of value, the global telecom tower power system market is expected to grow at a CAGR of 12.2% during the forecast period. The global telecom tower power system market was valued at US$ 4,160.0 Mn in 2016, and is projected to grow significantly and reach US$ 6,304.0 Mn by 2025, which can be attributed to the robust growth of telecom networking infrastructure in Asia Pacific.

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In this report, FMI has segmented the global telecom tower power system market on the basis of product type and region. By product type, the telecom tower power system market has been segmented into unreliable grid and off-grid. The unreliable grid segment has been further sub-segmented into diesel generators, digital generators and batteries and renewable energy. Similarly, the off-grid segment has been sub-segmented into diesel generators, digital generators and batteries and renewable energy.

The rising number of internet users and change in consumer behaviour in terms of cellular data uses are some of the factors driving the telecom tower power system market. In terms of value, the unreliable grid segment is projected to register more than a 69% market share by the end of year 2025.

High operating cost and stringent carbon emission regulations are some of the factors are inhibiting the growth of the global telecom tower power system market. Telecom tower operators that use diesel generators as a power source have to incur high operating costs since diesel prices increase annually by 1–2%. Higher operating costs result in lower profit margins for telecom tower companies and telecom service provider companies, which inhibits the market growth of telecom tower power systems at a global scale.

From a regional perspective, the global telecom tower power system market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). In terms of value, the Asia Pacific Exc. Japan telecom tower power system market is estimated to expand with a CAGR of 14.4% over the forecast period. This can be attributed to the transformation of existing telecom infrastructure to provide consumers with high speed internet services. In Eastern Europe, Russia is projected to maintain its dominance in terms of total revenue generation in the telecom tower power system market. In North America, the U.S. is expected to dominate the market during the forecast period. The demand for robust connectivity and continuous network innovation are some of the factors driving the North America telecom tower power system market.

Key market participants covered in the report include American Tower Corporation, Bharti Infratel Ltd., GTL Infrastructure Ltd., Indus Towers Ltd., Eaton Towers Limited, Reliance Infratel Limited, Emerson Network Power, Inc., SBA, Viom Networks Limited, Crown Castle International Corporation, and GE Energy Infrastructure. Such prominent vendors of telecom tower power systems have been continuously focusing on forming partnerships and agreements to promote the approach of shared infrastructure in the capital intensive telecom tower power system market.

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The report also describes company-specific strategies, key differentiators, market structure and competitive share analysis related to prominent industry stakeholders.

About Us

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

Contact Us:
Future Market Insights,
Unit No: 1602-006,
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The global commercial kitchen ventilation system market is anticipated to be appraised at US$ 3621.4 million by 2032, up from US$ 2476.1 million in 2022 with a CAGR of 3.9% during the forecast period.

Technological advancement has led to wide adoption of effective equipment across home settings. One such technology that is gaining high prominence among users is kitchen ventilation system. A commercial kitchen ventilation system includes both air exhausts as well as replacement air facility within the cooking area.

A commercial kitchen is filled with fumes and smokes during working hours, creating an unhealthy environment for kitchen staff. The fumes condensate/grease on the kitchen equipment, ceilings, and walls, creating an unsanitary environment and potentially deteriorating the surfaces of the walls and ceilings.

The most important considerations are hygiene, comfort for those working in the kitchen, the efficiency of the ventilation system, and fire prevention. The primary goal of a ventilation system in a commercial kitchen is to have a proper filtration system so that smoke, oil, grease, and other particulate contaminants can be easily removed by filtering air.

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Commercial Kitchen Ventilation System Market: Drivers & Restraints

The major factors driving the growth of the global Commercial Kitchen Ventilation System Market are implementation of stringent regulations regarding VOC emission, increasing standard of living, rising per capita and disposable income, increasing awareness regarding greenhouse effect and substantial rise in pollution across the globe. Moreover, ongoing trends such as adoption of Demand Controlled Ventilation (DCV) system are expected to boost market growth. Though this market is bound to witness significant growth rate over the forecast period, high cost of equipment is proving a major challenge to overall adoption of commercial kitchen ventilation systems.

Commercial Kitchen Ventilation System Market: Segmentation

The global Commercial Kitchen Ventilation System Market is segmented on the basis of application type, fan type, and region. On the basis of application type, the global Commercial Kitchen Ventilation System Market is segmented into restaurants, hospitals, corporate offices, and others. The restaurants segment is further segmented into hotels, five star hotels, and others. On the basis of fan type, the global Commercial Kitchen Ventilation System Market is segmented into high volume low speed fans, axial fans, centrifugal fan sets, bifurcated fan sets, belt driven axial fans, in-line centrifugal and mixed flow impellers, and roof extract fans.

Commercial Kitchen Ventilation System Market: Region-wise outlook

Region wise, the global Commercial Kitchen Ventilation System Market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global Commercial Kitchen Ventilation System Market is expected to register healthy CAGR during the forecast period. Asia pacific is expected to dominate Commercial Kitchen Ventilation System Market throughout the forecast period.

Significant presence of commercial restaurants along with substantial rise in overall consumer spending is expected to drive the demand for kitchen ventilation in the region. Next, North America and Europe are expected to create substantial demand for commercial kitchen ventilation systems. Market in Latin America and Middle East & Africa is expected to grow at a subdued rate owing to low consumer spending.

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Commercial Kitchen Ventilation System Market: Key Players

The Key players operating into the Commercial Kitchen Ventilation System Market are Britannia kitchen ventilation ltd, CaptiveAire Systems Inc., Centrotee Sustainable AG, Greenheck Fan Corporation, Munters AB, Nortek Incorporated, Flakt Woods Group and Solar & Palau Group. Major players in the global Commercial Kitchen Ventilation System Market are focused on product innovation and product certification to maintain their competitive edge in the global Commercial Kitchen Ventilation System Market.

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

Key Segments Profiled in the Commercial Kitchen Ventilation System Market Survey

By Contact with Application Type:

• Restaurants
• Hospitals
• Corporate Offices
• Hotels
• Five Star Hotels
• Others

By Fan Type:

• High Volume Low Speed Fans
• Axial Fans
• Centrifugal Fan Sets
• Bifurcated Fan Sets
• Belt Driven Axial Fans
• In-Line Centrifugal
• Mixed Flow Impellers
• Roof Extract Fans

By Region:

• North America
• Latin America
• Asia Pacific
• The Middle East and Africa
• Europe

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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.

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

The global commercial kitchen ventilation system market is anticipated to be appraised at US$ 3621.4 million by 2032, up from US$ 2476.1 million in 2022 with a CAGR of 3.9% during the forecast period.

Technological advancement has led to wide adoption of effective equipment across home settings. One such technology that is gaining high prominence among users is kitchen ventilation system. A commercial kitchen ventilation system includes both air exhausts as well as replacement air facility within the cooking area.

A commercial kitchen is filled with fumes and smokes during working hours, creating an unhealthy environment for kitchen staff. The fumes condensate/grease on the kitchen equipment, ceilings, and walls, creating an unsanitary environment and potentially deteriorating the surfaces of the walls and ceilings.

The most important considerations are hygiene, comfort for those working in the kitchen, the efficiency of the ventilation system, and fire prevention. The primary goal of a ventilation system in a commercial kitchen is to have a proper filtration system so that smoke, oil, grease, and other particulate contaminants can be easily removed by filtering air.

Get | Download Sample Copy @
https://www.futuremarketinsights.com/reports/sample/rep-gb-1803

Commercial Kitchen Ventilation System Market: Drivers & Restraints

The major factors driving the growth of the global Commercial Kitchen Ventilation System Market are implementation of stringent regulations regarding VOC emission, increasing standard of living, rising per capita and disposable income, increasing awareness regarding greenhouse effect and substantial rise in pollution across the globe. Moreover, ongoing trends such as adoption of Demand Controlled Ventilation (DCV) system are expected to boost market growth. Though this market is bound to witness significant growth rate over the forecast period, high cost of equipment is proving a major challenge to overall adoption of commercial kitchen ventilation systems.

Commercial Kitchen Ventilation System Market: Segmentation

The global Commercial Kitchen Ventilation System Market is segmented on the basis of application type, fan type, and region. On the basis of application type, the global Commercial Kitchen Ventilation System Market is segmented into restaurants, hospitals, corporate offices, and others. The restaurants segment is further segmented into hotels, five star hotels, and others. On the basis of fan type, the global Commercial Kitchen Ventilation System Market is segmented into high volume low speed fans, axial fans, centrifugal fan sets, bifurcated fan sets, belt driven axial fans, in-line centrifugal and mixed flow impellers, and roof extract fans.

Commercial Kitchen Ventilation System Market: Region-wise outlook

Region wise, the global Commercial Kitchen Ventilation System Market has been divided in to seven key regions including North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Middle East & Africa and Japan. The global Commercial Kitchen Ventilation System Market is expected to register healthy CAGR during the forecast period. Asia pacific is expected to dominate Commercial Kitchen Ventilation System Market throughout the forecast period.

Significant presence of commercial restaurants along with substantial rise in overall consumer spending is expected to drive the demand for kitchen ventilation in the region. Next, North America and Europe are expected to create substantial demand for commercial kitchen ventilation systems. Market in Latin America and Middle East & Africa is expected to grow at a subdued rate owing to low consumer spending.

Commercial Kitchen Ventilation System Market: Key Players

The Key players operating into the Commercial Kitchen Ventilation System Market are Britannia kitchen ventilation ltd, CaptiveAire Systems Inc., Centrotee Sustainable AG, Greenheck Fan Corporation, Munters AB, Nortek Incorporated, Flakt Woods Group and Solar & Palau Group. Major players in the global Commercial Kitchen Ventilation System Market are focused on product innovation and product certification to maintain their competitive edge in the global Commercial Kitchen Ventilation System Market.

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

To Buy this Report Visit @
https://www.futuremarketinsights.com/checkout/1803

Key Segments Profiled in the Commercial Kitchen Ventilation System Market Survey

By Contact with Application Type:

• Restaurants
• Hospitals
• Corporate Offices
• Hotels
• Five Star Hotels
• Others

By Fan Type:

• High Volume Low Speed Fans
• Axial Fans
• Centrifugal Fan Sets
• Bifurcated Fan Sets
• Belt Driven Axial Fans
• In-Line Centrifugal
• Mixed Flow Impellers
• Roof Extract Fans

By Region:

• North America
• Latin America
• Asia Pacific
• The Middle East and Africa
• Europe

Customization Before Buying, Visit @
https://www.futuremarketinsights.com/customization-available/rep-gb-1803

About Us

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

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