Market Research Blog – Page 9384 – New Product Development

Sirens Market to reach a value of US$ 244.0 Million by 2032 with a CAGR of 3.7% by 2032

In 2022, the Market For Sirens is anticipated to reach a valuation of US$ 170.1 Million. By 2032, the sirens market is anticipated to grow at a CAGR of 3.7 percent and reach a value of US$ 244.0 million.

Whether for announcements or on emergency vehicles like ambulances, police cars, fire trucks, and others, siren use is predicted to rise. An audible alarm known as a siren alerts people to potentially hazardous situations as they develop.

Rapidly rising threats and accidents in developing economies have led to an increase in casualties as well as lost business opportunities. As more people use security solutions, it is anticipated that demand for sirens will increase during the forecast period.

The number of victims and lost opportunities for business have increased quickly as a result of rising threats and accidents in developing economies. Adopting security solutions, like sirens, is an efficient way to deal with these difficulties. Long-range sirens are appropriate for mining and industrial applications, whereas motorised sirens are used for home security. When there is no power source available or a backup is needed, hand-operated sirens are used.

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Some additional features of sirens include a solar panel upgrade system to keep the batteries charged and a number of digital communication methods, including Ethernet, satellite, IP, fiber optic and others. Sirens have conformal coatings on their electronics, which help protect them against harsh environments. Some of the systems are made in such a way that they can be expanded or scaled depending on future capabilities.

Omni-directional sirens can be used in areas of high noise levels and those with large population densities as they provide a greater area of coverage. Sirens have external controls with triggers, which can be customized according to needs. The lightening types of sirens include bulb revolving, LED flashing and xenon lamp strobe. The loud speakers in sirens are adopted from latest piezoelectric ceramic technology.

Other sirens are hydraulic or air driven and mostly find applications in plants and factories. Lithium batteries have replaced alkaline batteries in sirens now, since lithium batteries need not be replaced for several years. Modern sirens use latest technologies and find applications in civil defense, emergency vehicles, security systems and others. Typically, sirens are made of stainless steel, aluminum or UV stabilized polycarbonate to avoid corrosion and are equipped with protection cages. An LED flashing siren has a light source with a semi-permanent lifespan and it is used in places where bulb replacement is a problem.

Region-wise Outlook

In the global sirens market, the dominant share is held by the U.S., India, China, Japan, Australia, Germany, Singapore and the UAE. This can be attributed to the demand for security solutions in developed as well as developing economies.

The 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
The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

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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.

Market Participants

Some of the key market participants identified in the global siren market are Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation, B & M Siren Manufacturing Co., Projects Unlimited Inc., Phoenix Contact, Mallory Sonalert Products and Qlight USA Inc.

By Segmentation

Segmentation of the global siren market by product type:

Electronic
Electro-mechanical
Rotating
Single/dual toned
Omnidirectional

Segmentation of the global siren market by application:

Civil defense
Industrial signaling
Emergency vehicles
Home/vehicle safety
Security/warning systems
Military use
Others

Segmentation of the global siren market by installation type:

Wall mounting
Self-standing
Water proof connector

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Rising population and rapid urbanization have led to an increase in demand for security solutions. The need for implementation of security has paved way for the use of electronic equipment on a large scale globally, which in turn has created opportunities for the global sirens market. As these products are durable with a high voltage capacity and easy to install, they find high selling propositions. Characteristics and properties of electronic and pneumatic equipment play a vital role in security solutions, thereby driving the global sirens market with a rise in diverse end-user applications, such as industrial warning systems, community warning systems, campus alert systems and military mass warning systems.

Report Highlights:

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

https://www.spoke.com/topics/enterprise-mobility-market-application-analysis-and-growth-by-forecast-to-2032-63807ee8f8b2e307f300f2d4

https://futuremarketblog.blogspot.com/2022/11/enterprise-mobility-market-2021size.html

https://www.findit.com/xjuutjqdtnfkhsb/RightNow/enterprise-mobility-market-2021size-top-key-playerst/70e83dfd-7e50-4a95-9424-a1209515f79d

https://theprose.com/post/543571/enterprise-mobility-market-share-global-industry-size-growth-swot-analysis-competitor-landscape-regional-outlook-2021-2032

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Electrical Enclosure Market 2022 Expectations & Growth Trends Highlighted Until 2028

The global Electrical Enclosure market is estimated to have been valued at US$ 6,161.0 Mn at the end of 2017 and is expected to reach US$ 10,370.0 Mn by the end of 2028 while expanding at a CAGR of 4.9% over the forecast period. The global Electrical Enclosure market is anticipated to represent incremental opportunity of US$ 3,940.2 Mn between 2018 and 2028. Some of the end-use applications considered in this report on electrical enclosures include industrial, commercial and residential sectors.

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An electrical enclosure is a container/ box that encloses electrical connections for safekeeping as well as to ensure the safety of the general public. The whole point of an electrical enclosure box is to keep wires safe, free from dirt and dust and secured.

Rapid Growth of Renewable Power Generation Key Growth Driver

Most of the end users are now shifting their focus to alternative forms of power or energy rather than depending on energy generation by fossil fuel operated power generators. These alternative forms of energies – for instance, wind power, solar power and other forms of renewable energy are gaining popularity among all types of end users. Additionally, carbon emission and dependency on fossil resources is increasing day-by-day.

Thus, in order to control this dependency, usage of renewable energy sources such as wind and solar energy is likely to be the new trend in the energy and power industry. Establishment of these power generation facilities will increase the demand for electrical enclosures in the upcoming years. Many countries such as the U.K. and Germany among others, are planning to adopt renewable energy sources, which is expected to further increase the demand for electrical enclosures for transmission and distribution.

Capacity Addition Plans and Installation of New Grids to Power the Electrical Enclosure Market

The governments of various countries have planned to make huge investments on numerous projects to provide better electricity services. For instance, the government of Russia has devised plans such as the GOELRO plan, Russian SFSR Electrification Plan, and Railway Electrification Plan among others, for establishing new power grids to provide electricity in the rural areas of the country.

These plans are being supported by the State Commission for Electrification of Russia. Also, the government is focussing on installing new transmission lines in order to create a national grid and also to develop railway electrification, which will in turn boost the demand for electrical enclosures. These planned investments across various sectors such as infrastructure, power, and railways among others, will drive significant growth in the electrical enclosure market.

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Need for Integration of Grid Infrastructure

Increasing transmission and distribution activities across the globe have increased the demand for installations of enclosures, which in turn, is driving the market of electrical enclosures. Transmission and distribution expansion, along with urbanisation, is necessary for the development of industrial and manufacturing sectors.

Some countries, such as GCC countries and Turkey have the potential to become the hub for many manufacturing industries, which will increase the demand for electrical enclosures owing to rapid industrialisation. By material type, metallic enclosures will witness supreme demand as they have a longer life and reduce the risk of fire hazards. Climate control enclosures can work in extreme climatic conditions and are ideal for use in several regions, thereby driving demand in the global market.

Segmentation Analysis

The electrical enclosure market is segmented on the basis of product type into junction enclosure, disconnect enclosure, operator interface enclosure, environment and climate control enclosure and push button enclosure.

On the basis of product type, the junction enclosure segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The junction enclosure segment is estimated to grow at a relatively high CAGR as compared to other types over the forecast period. It is expected to represent a total incremental opportunity of US$ 1,691.2 Mn between 2018 and 2028.

By Segmentation:

By Product Type

Junction Enclosures
Disconnect Enclosures
Operator Interface
Enclosures
Environment and Climate
Control Enclosures
Push Button Enclosures

By Material Type

Metallic
- Aluminium
- Mild steel
- Stainless Steel
Non-Metallic
- Fiberglass
- Polycarbonate
- Polyester
- ABS

By Design

Standard Type
Custom Type

By Configuration

Wall Mount Enclosures
Floor Mount Enclosures
Freestanding Enclosures

By End Use Sector

Industrial
Residential and Commercial

By Region

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

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

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

Global Extruders and Compounding Machines Market: Forecast Highlights

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

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Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

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

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Global Extruders and Compounding Machines Market: Key Segmental Outlook

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

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

Global Extruders and Compounding Machines Market: Competitive Landscape

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

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Hydrogen Electrolyzer Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2032

The global hydrogen electrolyzer market is expected to grow at a CAGR of 24.2% over the forecast period of 2022-2032. The market valuation is set to reach US$ 3.7 Bn by the end of 2032. Rising demand for hydrogen gas across various end-use sectors is estimated to drive growth in the hydrogen electrolyzer market during the forthcoming years.

Development of new technologies to reduce the operational cost of hydrogen electrolyzers is anticipated to fuel the market. Moreover, rising awareness about the harmful effects of carbon emissions worldwide are set to create new growth opportunities in the market.

Higher adoption of renewable energy sources and increasing onsite hydrogen production are set to boost the demand for hydrogen electrolyzers in the upcoming decade. Apart from that, surging demand for carbon-free steel in various industries such as automotive is projected to create new growth opportunities in the steel manufacturing sector.

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Increasing initiatives taken by several automotive manufacturers to reduce carbon emission from vehicles is another vital factor that would propel sales of hydrogen electrolyzers in future. Surging development of green energy worldwide is also expected to drive the market.

Key Takeaways: Hydrogen Electrolyzer Market

By product type, sales of PEM electrolyzers are expected to grow at a CAGR of 25.2% during the forecast period.
By outlet pressure, the low (<= 10 bar) segment is anticipated to dominate the market and is expected to account for about 2/3^rd of the share.
By end use, the transportation segment is projected to lead the hydrogen electrolyzer market and create an absolute $ opportunity worth US$ 905.5 Mn in 2032.
In terms of region, the Europe hydrogen electrolyzers market is estimated to exhibit a CAGR of 24.1%.

“Increasing demand for hydrogen fuel due to rising investments in novel programs for reducing carbon emissions globally is set to create new growth opportunities for companies in the hydrogen electrolyzers market,” says a FMI analyst.

Competitive Landscape: Hydrogen Electrolyzer Market

Leading Companies Profiled in Hydrogen Electrolyzer Market are

Nel Hydrogen
Siemens AG
McPhy Energy
ITM Power Plc
Tianjin Mainland Hydrogen Equipment Co. Ltd
Gaztransport & Technigaz
Giner Inc.
GreenHydrogen Systems
iGas Energy GmbH
Beijing CEI Technology Co., Ltd.
Next Hydrogen
Air Liquide
Ballard Power Systems
Enapter
Plug Power Inc.
Bloom Energy
others

Manufacturers are strategically collaborating with technology companies for co-developing new products and gaining a competitive edge. A few others are looking forward to helping the oil and gas industry by providing technologically advanced products.

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Hydrogen Electrolyzer Market Outlook by

CategoryBy Product Type:

Proton Exchange Membrane (PEM) Electrolyzer
Alkaline Electrolyzer
Solid Oxide Electrolyzer

By Capacity:

Low (<= 150 kW)
Medium (150kW–1mW)
High (> 1mW)

By Outlet Pressure:

Low (<= 10 Bar)
Medium (150 Bar–40 Bar)
High (> 40 Bar)

By End Use:

Ammonia
Methanol
Refining/ Hydrocarbon
Electronics
Energy
Power to Gas
Transport
Metal Production & Fabrication
Pharma & Biotech
Food & Beverages
Glass Industry
Other Industrial

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East & Africa

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Industrial Valves Market Navigation, Imaging and Positioning Solutions Market

Up from the revenues worth US$61 Bn registered in 2018, the global market for industrial valves is projected to witness modest growth by the end of 2019. A new market research report by Future Market Insights (FMI) suggests that the increasing exploration activities for new water sources will predominantly favour the growth of market over coming years.

The steady expansion of chemical industry and revival of oil & gas industry are also likely to play a crucial role in pushing sales of industrial valves at a global level. FMI’s report shows that abundant opportunities exist in chemical, and water & wastewater industries.

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By type, the gate type of industrial valves segment is expected to hold prominent value shares of the global industrial valves market. The globe valve segment is expected to be the prominent segment throughout the forecast period. Gate valves, closely trailed by globe and ball valves, are identified to remain the sought-after industrial valve types throughout the forecast period. Several manufacturers are, however, focusing on investments in globe industrial valves. FMI’s research also highlights visibly growing market attractiveness of butterfly valves across industries.

The analysis of industrial valves market based on materials reveals cast steel, carbon steel, and stainless steel remain the preferred materials among manufacturers of industrial valves, which collectively account for ~85% shares in the revenues. Bronze is likely to emerge lucrative as a material of choice, over the years to come, as shown by report findings.

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Market in APEJ Projected for Remunerative Growth

The market in Asia Pacific excluding Japan (APEJ) is expected to exhibit lucrative growth potential in the global industrial valves market over the forecast period of 2019-2029. According to the report, this growth is propelled by the rapid growth in the oil & gas industry in countries of APEJ such as India and China, and ASEAN Countries, among others. The economic condition of these countries have been positively developing.

Owing to the effects of macroeconomic factors such as growing population, urbanisation, and rapid industrialisation, the confidence of investors and investments in housing and other residential projects across APEJ has increased drastically. The region’s chemical has considerable momentum over the past few years. This overall scenario is translating into modest growth in the demand for valves across the multiple industries, eventually pushing the market growth potential of APEJ.

Industrial Valves Market: Vendor Insights

The report highlights some of the prominent market players, who have established themselves as leaders in the global industrial valves market such as GE Company, Emerson, Flowserve Corporation, Schlumberger Limited, TechnipFMC Plc, KSB SE & Co. KGaA, x KITZ Corporation, Alfa Laval Corporate AB, Curtiss-Wright Corp., CIRCOR International, Inc., IMI Plc, Mercer Valve Co., Inc., National, Oilwell Varco, Inc., Weir Group Plc., Neway Valves, AVK International A/S, Flowserve Corporation, and LESER GmbH & Co. KG, among others.

The global industrial valves market is significantly consolidated, with some players holding prominent shares of the market. These players are offering industrial valves under their popular brands such as Cameron, and World Valves, among others.

Industrial Valves Market – Key Research Findings

The global industrial valves market size in 2018 was ~US$61 Bn.
The industrial valves market is expected to grow at a CAGR of ~4% during the forecast period of 2019-2029.
Besides adoption of automatic functions of valves, the increasing demand for manual structures has been recently driving the sales of industrial valves.
Collectively, Asia Pacific Excel. Japan and North America are likely to account for ~70% of the revenue shares in the industrial valves industry by the end of 2029.
- North America, attributed to the powerful presence of the oil & gas industry, will continue to be a prominent regional market for industrial valves manufacturers.
The oil & gas industry is estimated to remain the prominent end-use industry for industrial valves market players.
- The oil & gas industry has witnessed significant growth in the recent past, and the revival of the oil & gas sector has been noteworthy.
- Noteworthy application potential of industrial valves has been identified in the water & wastewater treatment.

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Power Tools Market – Global Revenue Growth Expectations in the Near Future

The size of the global power tool market is projected to be US$ 33.36 billion in 2021. As more cordless power tool sales are made, the demand for power tools will increase by 5.1 percent CAGR between 2021 and 2031.

The demand for electric power tools and portable power tools will increase exponentially over the next few years, according to the most recent Future Market Insights (FMI) analysis. Demand for handheld and pneumatic power tools will also increase due to their growing use in the automotive, construction, aerospace, and other industries.

Additionally, the report projects that sales of power tools will account for roughly 7% to 8% of the global tooling market.

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The global power tools market is expanding at a significant rate on the back of consumer inclination towards cordless power tools. This is anticipated to remain the key defining factor in the power tool market. As per Future Market Insights (FMI) analysis the global power tools market is expected to be reach US$ 33.36 Bn in 2021. The demand is expected to soar as construction activities surge around the world. According to FMI, construction applications will account for maximum sales in the market through the forecast period. Besides this, the rising trend of do-it-yourself activities will fuel sales opportunities for the market.

The COVID-19 pandemic has severely affected the global economy. Resulting in manufacturing plants shutdowns, coupled with supply chain disruptions owing to nationwide lockdowns across the globe, subsequently resulting in the plunge in the power tools market growth. However, the market is expected to recover sharply as the economic activities resume post the containment of pandemic. Manufacturers are focusing on scaling up their production capabilities with improved production rate creating positive prospected for the power tools market growth.

Key Takeaways of Global Power tool Market Study

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

Global Power tool Market Competitive Landscape

The global power tools market is highly competitive market owing to presence large number of global and regional players operating in the market. Manufacturers are focusing on research and development for innovative improvements in their product portfolio, expansion in untapped markets coupled with developing their business via e-commerce platforms to gain competitive edge. Some of the leading manufacturers of power tool market are Robert Bosch GmbH, Stanley Black & Decker Inc., Makita Corporation, Techtronic Industries Company Limited, Koki Holding, Co., Ingersoll Rand Inc., Apex Tools, Hilti Corporation, Snap-on Incorporated, among others.

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Valuable Insights into Global Power Tools Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global power tools market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the power tools market based on backing product type (drilling tools, fastening tool, heat gun, angle grinder, chain saw, orbital sander, jigsaw, impact wrench, circular saw), technology (electric and pneumatic), application (manufacturing, MRO services, DRO, construction), and sales channel (offline and online) across six regions (North America, Latin America, Europe, East Asia, South Asia, and the Middle East and Africa).

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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Variable Frequency Drive (VFD) Market – Business Opportunities and Global Forecast to 2031

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.

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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.

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.

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)

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Colloidal Metal Particles Market is Reaching US$ 32.3 Billion at a Gracious Rate of 8.1% by the year 2028

FMI presents an in-depth analysis and key insights on the global colloidal metal particles market in its latest market study titled ‘Colloidal Metal Particles Market: Global Industry Analysis 2013 – 2021 and Opportunity Assessment 2022 – 2028’.

The long-term outlook on the global colloidal metal particles market remains positive with the market valued at US$ 20.2 Bn by 2022 end and expected to reach US$ 32.3 Bn by 2028 end. The global colloidal metal particles market is estimated to expand at a growth rate of 8.1%, through the forecast period.

Among the product type segments, the titanium oxide colloidal metal particles segment is expected to account for a large volume proportion of the market while the gold colloidal metal particles segment, given its high price, is expected to account for a noteworthy value proportion in the in the colloidal metal particles market during the forecast period.

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From a regional viewpoint, China is anticipated to hold a sizeable proportion of the market throughout the forecast period, witnessing 7.6% growth between 2022 and 2028. In its latest offering, FMI shares key insights on drivers, restraints and trends likely to impact the colloidal metal particles market during this period.

Rising Use of Colloidal Metal Particles as Catalysts to Propel the Growth of Global Colloidal Metal Particles Market

Future Market Insights suggests that the global colloidal metal particles market is estimated to register robust growth throughout the forecast period, prominently due to its rising applications as a catalyst. The chemical industry has been making a shift towards nano scaled catalysts, a move that will prove to be beneficial for the colloidal metal particles market.

The enhanced surface area per particle escalates the efficiency of the catalyst, an important factor responsible for increasing the demand for colloidal metal particles within the chemical industry. Colloidal metal particles are also being increasingly used in dietary supplements, either directly or in combination with other ingredients.

For instance, copper colloid metal particles are increasingly being used to enhance the human body’s ability to absorb iron particles. Similarly, silver colloidal metal particles are proven to be effective in treating skin conditions, such as acne and chickenpox.

They are also effective against various infections. Growing market for dietary supplements, as a whole, is anticipated to have an optimistic impact on the colloidal metal particles market.

However, the issue of toxicity has put forth several legislative barriers in the development of the colloidal metal particles market. Some studies have also shown that uncontrolled use of such particles contaminates the environment and hence, country level regulations have been passed to monitor the consumption of the aforementioned colloidal metal particles, among others.

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Global Colloidal Metal Particles Market Competition Landscape

The report highlights some of the top companies operating in the global Colloidal Metal Particles market, including Nouryon BV, Purest Colloids, Inc., Tanaka Holdings Co., Ltd., Evonik Industries AG, IMRA America, Inc, W. R. Grace & Co., SunForce Health & Organics Inc. and BBI Solutions, among others.

Global Colloidal Metal Particles Market Segmentation Analysis

The Colloidal Metal Particles market has been categorised on application basis into catalysis & photocatalysis, adsorbent, drug delivery and dietary supplements.

On application basis, the catalysis & photocatalysis segment is forecast to retain leading position in the colloidal metal particles market in terms of both consumption as well as revenue generation
The dietary supplement segment is projected to grow at a robust CAGR during the forecast period. Its market value is expected to grow and become over 2.2X between 2022 and 2028

Colloidal Metal Particles Market by Category

Product Type :

Aluminium Oxide
Silver
Gold
Zinc
Copper
Platinum
Iridium
Silicon
Iron Oxide
Titanium Oxide
Palladium
Others (Manganese, Cerium, Indium, Tin)

Application :

Catalysis & Photocatalysis
Adsorbent
Drug Delivery
Dietary Supplements

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Global Colloidal Metal Particles Market Regional Forecast

Regionally, China alone accounts for a prominent proportion of the global colloidal metal particles market, positioning itself with the likes of multi-country regions, such as North America and Western Europe. Accounting for well over 22% of the revenue proportion in the total colloidal metal particles market, China is anticipated to register significant CAGR during the forecast period.

The overall Colloidal Metal Particles market is expected to grow at a CAGR of 8.1% while regions, such as Western Europe, Eastern Europe, and countries, such as India and Japan, are expected to grow at a moderately higher pace owing to rising demand in these regions.

Explore FMI’s Extensive ongoing Coverage on Chemicals & Materials Domain

Colloidal Silica Market: Sales in the global colloidal silica market are slated to top US$ 252.0 Mn in 2022. With a favourable demand outlook, the market is projected to expand at a steady 3.9% CAGR, reaching US$ 342.3 Mn by 2030.

Tungsten Metal Powder Market: Tungsten metal powder exhibits low degree of thermal expansion and high melting point, with high density. It also possesses properties such as high degree of rigidity, mechanical strength and very low vapour pressure.

Magnesium Metal Market: The market for magnesium metal witnessed a massive slowdown in its progress as a result of the spread of the Covid-19 pandemic across the globe.

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Gum Rosin Market is Expected to Reach a Valuation of USD 1.97 Billion in 2028 | Exclusive Report by FMI

Global sales of gum rosin market were valued at 757.9 KT in 2018 and are estimated to grow at an impressive rate in 2019, as per the latest research study by FMI. Incessant demand for bio-based materials from multiple end-use industries is among the key factors fuelling investments in gum rosins.

As per the FMI analysis, broader factors, such as resurgence in economies and increasing disposable income, have levied pressure on multiple end-use industries for boosting their production capabilities with no compromise in terms of quality.

Ever-evolving demand for high-performance intermediates, including adhesives, coatings, and rubber, from multiple industrial verticals is accelerating the growth of gum rosin market.

Multifarious benefits and low price fluctuations are boosting the adoption of bio-based materials, including gum rosins. This, in turn, is likely to create favorable grounds for growth of gum rosin market during the forecast timeline.

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According to the FMI research study, manufacturers are eyeing emerging economies brimming with opportunities for gum rosins on account of hefty investments in the production of pine chemicals.

Moreover, in Asian & African countries, the process of extraction and distillation of pine chemicals is relatively economical, creating profit-making opportunities for the manufacturers of gum rosins. According to the FMI analysis, end-users will prefer WW grade of gum rosins over other types, with global sales estimated to surpass 300 KT in 2019.

High consumer propensity for WW grade of gum rosins can be attributed to its superlative quality and workability in case of core applications such as synthetic rubber and adhesives. WG grade is likely to trail the former on account of surging demand for binding materials of superior quality.

The report finds that demand for gum rosins will continue to remain buoyant in printing ink and adhesive applications, with global sales collectively exceeding 400 KT collectively in 2019. The demand for gum rosins as a base material in case of printing inks and adhesives remains unabated, driving revenue growth of the gum rosin market.

The demand for gum rosins in paints & coatings is foreseen to significantly take off and not likely to slow down anytime soon, finds the report. The manufacturers of gum rosins are focusing on novel production technologies facilitating higher production yields of optimal quality while curbing the environmental footprint.

Subsequently, manufacturers operating in the gum rosin market are resorting to advanced analytical processes, such as gas chromatography and mass spectrometry, for production of high-quality gum rosins.

East Asia will retain its lucrativeness for the manufactures of gum rosins, with China spearheading demand. China has been a key producer as well as consumer of gum rosins, driven by incessant growth of application-based industries in the region, such as printing inks, synthetic rubber, adhesives, and paper sizing.

Large gum rosin manufacturing bases across countries such as Indonesia, China, and Brazil are participating in high-volume exports to other countries, which is a key aspect assisting expansion of gum rosin market in these regions.

As per the FMI study, notable R&D investments are being made by leading participants of the gum rosin market for achieving high production volumes and enhanced ROI benefits. Multiple research activities and initiatives are underway for introducing genetic modifications in the pine trees.

Which would enable increased flow of resins in the trees. Such innovative and advanced approaches are anticipated to fuel seamless production of high quality gum rosins, projecting an optimistic outlook for gum rosin market over the forecast timeline.

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Gum Rosin Market – Competition Landscape

The global Gum Rosin market is a fragmented market and most major market participants held single digit market share in 2017. The top ten to twelve players in the global Gum Rosin market collectively hold between 30% and 35% market share.

Some of the leading manufacturers studied under this study on the global Gum Rosin market are Wuzhou Pine Chemicals Ltd., PT. Naval Overseas, Wuzhou Sun Shine Forestry & Chemicals CO., ltd., Punjab Rosin and Chemicals Works, Forestar Chemical Co., Ltd., Deqing Jiyuan synthetic Resin Co., Ltd., Deqing Yinlong Industrial Co., Ltd., Resin Chemicals Co., Ltd, GUILIN SONGQUAN FOREST CHEMICAL CO., LTD., CV. INDONESIA PINUS, Vinhconship Group and EURO-YSER.

Gum Rosin Market: Segmentation

Product Type

WW
WG
N
X
Others

Application

Paper
Paints & Coatings
Soap
Printing Ink
Adhesives
Rubber
Others

Growing Demand from Adhesives Application to Boost Market Growth

In adhesives, Gum Rosin is used as a raw material to enhance softness, strength and adhesion of adhesives. Adhesives are used in the manufacturing of furniture and rubber boots as well as in bookbinding and packaging industries.

Growing demand for furniture and growing rubber industry are important factors that will drive the growth of adhesives market in the years to come, which in turn, will indirectly positively impact the global Gum Rosin market. Additionally, the packaging industry is expected to witness healthy growth in future, which may increase the demand for adhesives in the global market.

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The adhesives market is continuously growing at a significant rate and the demand for natural ingredients based adhesives is expected to increase further in near future. This will further push the growth of the Gum Rosin market during the forecast period.

The adhesives segment will drive the global Gum Rosin market and is projected to create absolute dollar opportunity worth US$ 249.2 Mn during the forecast period

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Car Wash Detergents and Soaps Market is Expected to Expand at a CAGR of 5.1% from 2022-2028 | Exclusive Report by FMI

The report includes projections for volume (KT) and value (US$ Mn), industry trends, competition, market dynamics, and recent developments in the global car wash detergents and soaps market from 2018 to 2028. The global car wash detergents and soaps market is predicted to be worth US$ 7,394.7 million by the end of 2018, rising to US$ 12,210.8 million by the end of 2028, at a CAGR of 5.1% over the forecast period.

Noteworthy increase in the fleet size and a consistently swelling vehicle park point to the surging need for high quality car wash detergents and soaps. Looking at the considerably soaring per capita expenditure on car care and servicing, it is more likely that car care products such as car wash detergents and soaps would witness impressive demand over the course of next few years.

Recent innovations such as bio-based car wash detergents and soaps has been creating an impactful trend shaping product innovation strategies of manufacturers of car wash detergents and soaps. A recent intelligence released by Future Market Insights evaluates the current and prospective outlook of the performance of global car wash detergents and soaps landscape.

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In the report, FMI forecasts over 5% yearly growth in sales of car wash detergents and soaps.Accounting for more than 35% of the total consumption of car wash detergents and soaps, pre-soaks remain the most favoured choice of car owners. Moreover, as indicated by the key insights drawn from research, domestic players remain the major shareholders in global landscape of car wash detergents and soaps, according to the study.

Convenient application and relatively affordable price point continue to influence sales potential of liquid car wash detergents and soaps, whereas the report projects strong demand growth for foam based car wash detergents and soaps that deliver a superior quality finish to cars post wash, in the near future.

On the flipside, despite associated with a high price point, car wash detergents and soaps in gel form are poised to experience steadily growing sales attributed to their enduring post wash effect on cars. A majority of North American consumers prefers professional car wash services. European regulations on the other side prohibit consumers from in-house car washing, in the backdrop of increasing concerns regarding inadequate water availability.

While this underscores the strong impact of factors encouraging sales of car wash detergents and soaps in North America and Europe, the report also positions developing economies to emerge more lucrative for investors in coming years. Analysis of emerging regions indicates the significantly growing inclination of consumers to purchase cars, and spend more in car care and maintenance.

A visible shift to luxury cars, subsequently directing a paradigm shift from DIY car wash to professional car wash services, is cited as an important trend diving consumption of car wash detergents and soaps in developing economies across Asia Pacific, Latin America, and Middle East & Africa.

On the other side, expanding online availability of a wide range of car wash detergents, soaps, and other car cleaning products will reportedly continue to lure car owners who still prefer in-house car cleaning.

The flourishing automotive aftermarket is also projected to remain one of the key boosters for expansion of car wash detergents and soaps market in developing regions. 3M Company, Kao Corporation, Turtle Wax Inc., and Spectrum Brands Holdings Inc. constitute some of the prominent companies operating in the global car wash detergents and soaps market.

Besides the aforementioned brands, the report covers a few other established players active in the car care and car wash space, emphasizing exclusive insights on their financial and strategic developmental profiles.

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Market Segmentation

Product Type

Presoaks
Foam Detergents
Drying Agents
Triple Foams
Surface Protectants
Wheel Cleaners
Shampoo

Form

Liquid
Gel
Foam Based

By Sales

Department Stores
Supermarkets & Hypermarkets
Online Retailing
Franchise Outlet
Automotive Parts Outlet

While the market structure analysis reveals that up to 35% revenue share in the global market belongs to leading companies, a major portion of the market value is accounted by a large number of domestic players that are strategizing on product innovation and competitive pricing. Novel formulations based on natural raw materials such as vegetable oils and naturally sourced solvents will reportedly continue to capture R&D interests of manufacturers.

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Established brands continue to invest in strategic acquisitions and collaborations involving regional leaders, says research. Long-term contractual partnerships with domestic/regional players are likely to assure sustained demand in the long run, for global leaders investing efforts in specific regional market penetration.

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