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The global machine control system market growth is expected to register a healthy CAGR of 8% during the assessment period with an estimated valuation of US$ 13.6 Bn by 2032.

Operators are guided with design information by advanced 3D guidance systems equipped with GNSS technology, and real-time cut/fill signals are shown on the machine control software. This boosts output and flexibility while lowering excavation costs and rework time. Excavators are primarily motivated by benefits such as quicker, more precise, and more efficient excavation equipment than other forms.

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

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

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Key Takeaways

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

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Competitive Landscape

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

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

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The report provides a detailed analysis in more than 20 high growth regional markets, with comprehensive details on the prospects of micro irrigation systems through the coming decade. The global micro irrigation systems market is expected to grow at an exponential rate of more than 13% CAGR through the end of 2031, according to insights from the latest study from Future Market Insights (FMI) an ESOMAR-certified research and consulting firm.

Micro irrigation systems are gaining importance in the agriculture sector, owing to their efficacy in minimizing the effects of drought conditions, at comparatively low costs. Increasing demand for water and concerns over scarcity of this natural resource, with its effects in terms of quality and crop yield will play key roles in driving the growth of the market. Growing interest in greenhouse farming is also driving micro-irrigation systems in specialized farms.

Global demand for micro irrigation systems has been examined by FMI’s study in terms of macroeconomic variables, the impact of the COVID-19 pandemic, and the market environment. According to the FMI’s scope of research, the market has been examined in light of consumer preferences, product categories, and regional influences, in addition to qualitative information on the companies competing in the market that addresses both supply and demand.

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Key Takeaways from Micro Irrigation Systems Market Study

• Drip irrigation systems are estimated to hold the lead, supported by lower purchase and installation costs, in addition to low water use.
• Micro farming applications will reflect a relatively higher rate of growth, driving demand for lateral move and central pivot products.
• United States will hold significant market share owing to the concentrated presence of market leaders in the country.
• India and China will account for a high rate of growth, supported by an agrarian economy and favorable government initiatives in the industry.
• Access to technologies associated to mechanized irrigation systems are generating opportunities in the Middle East and Africa region.

“The growing need for water conservation efforts driven by rising population levels and decreasing global water reserves are key factors that drive the micro irrigation systems market.  Stringent regulations associated with water becoming a rare commodity, has pushed players in the agricultural sector to invest in novel solutions to enhance the productivity of a limited volume of water. Micro irrigation systems are capable of optimizing water usage, which in turn will support market expansion for the duration of the forecast period,” says the FMI analyst.the interest of market players through the assessment period.

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The micro irrigation systems market is expected to grow at a healthy rate during 2021 to 2031. With the essential nature of irrigation in agriculture, coupled with growing concerns over water scarcity issues, market players are expected to be focused on research and development to improve on resource optimization objectives. Field testing and collaborations with regional players is likely to gain

Competitive Landscape

The global micro irrigation system market is moderately fragmented, with a number of regional players holding notable market share, which is likely to continue for the duration of the forecast period. Leading manufacturers are increasingly investing in new technology innovations in addition to strategic geographic expansion efforts.

Some of the leading players in the micro irrigation systems market include but are not limited to Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Valmont Industries, Rivulis Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing Company Inc., EPC Industries Ltd., T-L Irrigation, Elgo irrigation, Sistema Azud SA, Nelson Irrigation Corporation, Chinadrip Irrigation Equipment Co. Ltd., Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast , Irritrol, Eurodrip SA.

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Valuable Insights into Micro Irrigation Systems Market Study

Future Market Insights brings the detailed research report of the latest industry trends affecting growth in the global micro irrigation systems market. The market has been segmented in terms of system type and end use to offer a comprehensive overview of the industry. The study provides in-depth analysis of the key factors enabling growth in these segments across seven key regions.

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As per a recent market survey by Future Market Insights, sales in the global shot blasting machine industry are expected to increase at a healthy 5% CAGR, reaching a valuation of US$ 1.8 Bn in 2031.

Shot blasting machines play a vital role in the metal industry. With increasing demand from industries such as aerospace and automotive, sales will rise across the globe over the forecast period.

Growing demand for shot blasting equipment from the construction and automotive sectors is expected to drive the demand for semi-automatic shot blasting machine in the forthcoming years.

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Further, manufacturers are offering customized shot blasting machines to improve sales in the market. They are focusing on innovative technologies and techniques to improve the performance of these machines. This is expected to augment the. Growth of the market in the forthcoming years.

As per FMI, sales in China and India are expected to increase at a considerable pace owing to rapid urbanization, increasing sales of electric vehicles, and growing residential and commercial establishments.

“Increasing applications of shot blast machines in the aviation sectors, along with surging demand for roller conveyor shot blasting machines will continue boosting the growth in the market over the forecast period,” says an FMI analyst.

Key Takeaways:

• In terms of product type, sales of wheel blasting machines are projected to increase at a 3.8% CAGR through 2031.
• Based on automation, demand in the semi-automatic segment will grow at a 4.1% CAGR over the assessment period.
• Sales in the automotive sector will increase at a steady 4.2% CAGR over the forecast period.
• The U.S. will dominate North American shot blasting machines market, expanding at a 4% CAGR.
• The U.K. will emerge as a lucrative pocket in Europe shot blasting machines market, with sales growing at a 4.3% CAGR.

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Competitive Landscape

Some of the leading players in the market are SINTOKOGIO, LTD., Rösler Oberflächentechnik GmbH, Norican Group and SHANDONG KAITAI GROUP CO. LTD. The top 5 players are projected to account for 20-25% of the total market share over the forecast period.

The global shot blasting machines market is extremely consolidated. Market players are competing to increase their global footprints by advancing their product portfolio through technological innovations and new product development. Players are also expanding their sales channels in emerging markets through collaborations and are focusing to provide global service network to end users.

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Global bulk material handling system sales are expected to increase from 13,000 units in 2021 to over 14,000 units by the end of 2031. According to Future Market Insights (FMI), the bulk material handling system market revenue is expected to reach $5.1 billion in 2021.

The market will grow by 2.10 percent annually in 2021 due to the use of telematics-based services by original equipment manufacturers (OEMs) and the incorporation of remote user connectivity and interface into equipment.

Processes in the construction and mining industries, such as ore extraction, crushing, grinding, site cleaning, demolishing, and decommissioning, among others, are what drive the demand for bulk material handling systems. The bulk material handling market is expanding as a result of ongoing migration, rising urbanisation, and high-value infrastructure projects with healthy investment.

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Key Takeaways of Bulk Material Handling Systems Market Study

• Key players focus on expansion of footprint in the developing countries, which also involves moving new products into new markets such as the Middle East, China and India where construction industry registered a double digit growth in the past decade.
• As per the recent trend in the mining industry in the Americas and Asia Pacific, the demand for bulk material handling systems is expected to be from open or surface pit mining especially for coal and ferrous mining.
• Since the rental and leasing service is a strong aspect of the bulk material handling systems market, many players have incorporated rental services as business segment while directly selling bulk material handling systems.
• Band conveyor and stackers have been identified as the most recognizable bulk material handling systems as they are capable of accomplishing various tasks such as stock piling and transportation, particularly in packaging and manufacturing end use industries.

“Rental services play a pivotal role in the bulk material handling systems market, as these equipment are capital intensive. Hence, to gain profits in this market, players can focus on offering rental and leasing services while also directly selling bulk material handling systems,” says an FMI analyst.

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Bulk Material Handling Systems: Competition Scenario

The bulk material handling systems market is assessed to be fragmented market, where market players such as Hitachi Construction Machinery Co., Thyssenkrupp, Kawasaki Heavy Industries, Ltd., Liebherr Group, and Sumitomo Heavy Industries are estimated maintain their dominance in the market throughout the forecast period, and have strong order inflow.

Brief Synopsis

The increasing exploration and production (E&P) activities in oil & gas and mining industries coupled with burgeoning demand from construction industry as a result of growing infrastructural projects is expected to led to high volume orders of bulk material handling systems in the global market.

Increasing awareness of benefits and the resulting demand for automated bulk material handling systems is anticipated to reflect optimistically on the market growth rate of conveyors and stackers.

Though E&P activities in Europe are recovering, the region is projected to foresee healthy growth, attributable to the promising dynamics in the rest of the end-use industries that deploy bulk material handling systems, such as packaging and manufacturing.

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China is anticipated to remain one of the most lucrative markets in East Asia, accounting for over 39.2% of market share in 2021. Increasing application of magnetic drive pumps in mining and construction industry will drive the sales in China. Driven by these aforementioned factors, China is projected to be the most lucrative market across East Asia, reaching valuation of US$ 125.5 Mn through 2031.

As per Future Market Insights, India’s magnetic drive pump market will capture over 31.1% of total market share in South Asia Pacific. Backed by the rapid expansion of mining industry, India’s magnetic drive pump market is expected to be the second largest market across South Asia Pacific.

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

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Key Takeaways:

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

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

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Competitive Landscape

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

Some of the key players in the market are

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

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The Middle East conveyor belts market is expected to grow at a CAGR of 4.6% during the forecast period. The market valuation as on 2022 stands at US$ 207.57 bn, and by 2032, the market is expected to be valued at US$ 325.45 bn. The Middle East conveyor belts market was valued at US$ 199.40 bn in 2021.

One of the most significant categories of material handling equipment is thought to be conveyor belts. In addition, given the Middle East’s rapid industrial development, conveyor belts are unquestionably the most in-demand industrial belts there.

It is one of the most important industrial products due to the Middle East’s rapid infrastructure development, which has led to an increase in the number of construction sites in the region and the adoption of robotic process automation and material handling equipment. The outlook for the Middle East conveyor belts market would undoubtedly improve as a result.

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Market Segmentation

On the basis of product type, Middle East conveyor belts industry has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts. Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belts. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period.

On the basis of application, Middle East conveyor belts industry is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry; among these, mining segment has been estimated to account for value share of 22.9% in 2015.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight; among these, medium-weight segment has been estimated to account for value share of 49% in 2015, which is projected to increase to 49.5% by 2026. In Middle East conveyor belts market, lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

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Key Players

Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding, Ziligen A.S., Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which include conveyor belt manufacturing, service and maintenance.

Key Segments in the Middle East Conveyor Belts Market

By Product Type:

• Metal-reinforced Rubber Conveyor Belts
• Fabric-reinforced Rubber Conveyor Belts
• Plastic Conveyor Belts

By Cover Type:

• Conductive Conveyor Belt
• Abrasion-resistant Conveyor
• Heat- & Flame- resistant Conveyor
• Oil-resistant Conveyor Belt

By Weight:

• Lightweight
• Medium-weight
• Heavyweight

By Application:

• Mining
• Food Production Industry
• Commercial
• Construction Industry
• Electricity Generating Stations
• Automotive Industry
• Chemical & Fertilisers
• Packaging Industry

By Region:

• Middle East

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Moreover, presence of leading market players and expansion of the mining industry is expected to further boost the U.S. synchronous condenser market. Based on aforementioned factors, North America is predicted to hold 24.8% of the global market, led by the U.S. in 2022.

Future Market Insights has just released its latest report on the synchronous condenser market, which includes a global industry analysis from 2014 to 2021 as well as an opportunity assessment from 2022 to 2029. The report investigates the synchronous condenser market and highlights key insights for the forecast period 2022-2029.

As per the key findings, the global synchronous condenser market is anticipated to experience prominent growth over the forecast period, due to multiple driving factors such as increasing number of HVDC projects in developing economies such as India, Indonesia, China, and conversion of conventional generators & cooling plants to synchronous condensers.

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Rapid inclination towards wind and solar energy, in an attempt to reduce the dependency on fossil fuels has been generating significant demand for synchronous condensers in recent years. According to FMI analysis, manufacturers are setting their sights on countries, such as China which is making great strides to increase energy production from non-fossil fuel sources.

Newer Opportunities Identified in Middle East & Africa

Regions such as North America and Europe, are likely to hold prominent market shares in terms of value. However, the South Asiam market is estimated to project lucrative growth in the global synchronous condenser market over the forecast period of 2022-2029. This growth in the region is propelled by the rapid technological advancements and growing number of HVDC projects in prominent countries such as India and Indonesia, among others.

Furthermore, the market of synchronous condensers is expected to grow predominantly in prominent countries of Middle East and Africa including Saudi Arabia, Kuwait, Qatar, Abu Dhabi, Nigeria, and U.A.E., owing to various macroeconomic factors such as growing urbanization, stable political & social backdrop, and rapid industrialization.

Increasing number of market players in the region have gained the confidence of foreign investors and grid operators to invest in the market. Moreover, refurbishment of synchronous condensers from old conventional plants and generators to new machines have added expressively positive momentum over the few past years.

Also, rapidly growing number of HVDC projects in MEA and installment of sustainable energy plants have boosted the demand for synchronous condensers to provide stability and robust functioning of power plants. These factors have resulted in significant growth of the synchronous condenser market in the region.

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Rising Number of HVDC and Related Substation Projects Creating New Opportunities for Synchronous Condenser Manufacturers

The global market of synchronous condensers has been segmented on the basis of different types of synchronous condensers, their multiple applications, and regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East and Africa.

• By product, newly built synchronous condenser is likely to hold prominent value shares of the global synchronous condenser market. This has majorly resulted from the increasing adoption of synchronous condensers over conventional cooling gas plants and increasing installation of solar and wind farms in several countries.
• On the basis of cooling, the water cooled segment is expected to consume majority share of the global synchronous condenser market value. This is driven by the increasing demand for water cooled synchronous condensers across several regions. Furthermore, it is expected that the application of synchronous condensers in power plants and other similar machines will grow prominently throughout the forecast period.
• On the basis of power rating, synchronous condensers ranging from less than 50 MVAR and from 50 to 80 MVAR are expected to consume majority share of the global synchronous condenser market value. This is driven by the increasing construction of synchronous condensers under specified power ratings by key market players across several regions.

Synchronous Condenser Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global synchronous condenser market. Some of the examples of key players in the global synchronous condenser market are ABB Ltd., General Electric, Siemens AG, Mitsubishi Electric Corporation, WEG, Eaton Corp. PLC, Voith GmbH, Ansaldo Energia, Toshiba Corporation, and Sustainable Power Systems Inc., among others.

The global synchronous condenser market is significantly consolidated with some players holding prominent shares of the market. These players are offering synchronous condensers under their business segments such as F.A.CT.S., and motors & generators, among others.

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Synchronous Condenser Market by Category

Product :

• New synchronous condenser
• Refurbished synchronous condenser

Cooling Type :

• Air cooled
• Hydrogen cooled
• Water cooled

Power Rating :

• Less than 50 MVAR
• 50 to 80 MVAR
• 80 to 100 MVAR
• 100 to 150 MVAR
• 150 to 200 MVAR
• Above 200 MVAR

Starting Method :

• Static frequency converter
• Pony motors
• Others

End Use :

• Electrical power utilities
  • Electric grids
  • Solar farms
• Mining
• Commercial
• Others

Region :

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