Market Research Blog

The dewatering pumps market is expected to grow at year-on-year rate of 5.3%, reaching a value of about US$ 6.9 Bn by 2022. The global dewatering pumps market is primarily driven by robust demand from ongoing infrastructure projects. Future Market Insights (FMI) has projected the market to register a CAGR of 5.3% by value during the period of 2022 and 2028.

The increasing fossil fuel and mineral ore requirements in the country is slated to encourage exploration activities in mining industry where slurry, sludge and hybrid type of dewatering pumps are extensively used. The Japan dewatering pump market is estimated to be valued at US$ 228.3 Mn by 2022 end and expanding with a CAGR of 3.9% over the forecast period.

North America is expected to dominate the global dewatering pumps market in terms of revenue in 2022, with a CAGR of 4.7% in terms of value over the forecast period.

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

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

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

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

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

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

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

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

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

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

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Unlawful trading in the financial institutes has been led by use of data breaching of internal control and policies. Thus there is a requirement of such a method which can detect trading rule violation. Same can be achieved with the help of trade surveillance method. Trade surveillance is a method to encompass process and technology that detects trading rule violation.

Also, transparency, efficiency, and oversight in the present market trade can be achieved with the help of surveillance. Moreover, the new trade surveillance method includes pattern recognition and behavioral analysis, which can be used to identify potential violations prior to the occurrence.

Therefore, new trade surveillance method has benefits over the traditional post-trade surveillance methods. The trade surveillance market is expected to witness significant growth during the forecast period due to these benefits of the trade surveillance.

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Also, the trade surveillance method focuses on robust reporting control, system enhancements, and extensive business rules engines. Trade surveillance is the prevention and investigation of illegal trading practices in the securities market. Also the trade surveillance helps buyers and sellers to achieve fairness and accuracy of transactions.

Trade Surveillance Market: Drivers and Challenges

The increasing need of security is expected to be the major factor driving the growth of the trade surveillance market. Also, the increasing occurrences of data manipulation and fraud in the financial institutes is expected to increase the demand for trade surveillance. Also, the financial institutes require pre and post trade surveillance, which is expected to rise the demand for trade surveillance.

The benefits of trade surveillance such as effective internal control and workflow management are also expected to increase the demand for trade surveillance in the coming years. Another factors responsible for the growth of the trade surveillance market are regulatory and internal compliance.

However, design & implementation of the surveillance system and non-standardization of compliance are the major challenges for the growth of the market for trade surveillance. Furthermore, analyzing multiple parameters and monitoring real-time events for fraud detection is very complex, which is also expected to restrain the market growth.

Trade Surveillance Market: Players

Some of the key players operating in the trade surveillance market are NICE Systems, Crisil Limited, Accenture, Solidus Labs, Software AG, Wipro Limited, FIS, OneMarketData, LLC, ACA Compliance Group, Cinnober, and Aquis Technologies. These players are expected to highly influence the trade and surveillance market during the forecast period.

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Trade Surveillance Market: Regional Overview

North America is expected to hold large share in the global trade surveillance market due to use of big data analytics with trade surveillance, which is a better solution. Interrelation between asset classes has increased the need for consistent, scalable and proficient data platforms, which is expected to lead to significant growth of the trade surveillance market in Europe. Risks of fraud and manipulation are very high in the Europe, which has increased the demand for trade surveillance in the region.

The APAC trade surveillance market is expected to have high opportunities for trade surveillance vendors, which is expected to provide potential growth to the trade surveillance market in the region. Further, Asia Pacific trade surveillance market is influenced by impact of cross-border trading and market misconduct which is expected to contribute to the growth of the trade surveillance market during the forecast period.

The Middle East trade surveillance market is expected to hold high revenue share in the global trade surveillance market owing to adoption of IP-based trade surveillance systems.

The report covers exhaustive analysis on

• Global Market Segments
• Global Market Dynamics
• Historical Actual Market Size, 2013–2017
• Global Market Size & Forecast, 2018 to 2028
• Supply & Demand Value Chain for the Market
• Global Market Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Market Solutions Technology
• Value Chain of the Market
• Global Market Drivers and Restraints

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Regional analysis for Market includes

• North America Market
• Latin America Market
• Western Europe Market
• Eastern Europe Market
• SEA and other APAC
• Japan
• China
• Middle East and Africa Market

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.

Trade Surveillance Market: Segmentation

The trade surveillance market can be segmented based on component, deployment type, enterprise size and region.

On the basis of component, the trade surveillance market is segmented into:

• Solution
• Services
• Managed Service
• Professional Service
• Others

On the basis of deployment type, the trade surveillance market is segmented into:

• Cloud based
• On-premises

On the basis of enterprise size, the trade surveillance market is segmented into:

• Large Enterprises
• SMEs

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The global steel pipe market is projected to reach a value of US$ 1,51,905 Mn by 2032, with the market growing at a steady CAGR of 5.4% from 2022 to 2032. In 2022, the target market is expected to reach US$ 90,122 Mn. The surge in oil & gas production to cater to the demands of the transportation industry will aid the growth of the steel pipe market during the forecast period.

Steel pipes and tubes are widely used in the oil and gas industry, which is one of the target market’s major growth drivers. Steel pipes are used to transport gas and liquid in the oil and gas industry, which contributes to the target market’s growth. Steel pipes are most commonly made from alloy steel and carbon steel. As a result, many manufacturers are concerned about raw material prices and have reserved suppliers who provide cost savings to their target consumer base.

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The properties of steel pipes such as resistance to corrosion and high levels of reliability play a crucial role in its rising global demand. These inherent characteristics of steel pipes make it a preferred choice for a variety of construction projects, such as the building of homes and companies. Furthermore, steel pipes are gaining increasing usage in industrial settings which boosts their market prospects. Also, these steel pipes cost less than traditional pipes and tubing which amplifies the demand for steel pipes in the global market. All of these factors work together to create an environment of growth for the steel pipes market during the forecast period.

“Rising industrial applications coupled with high demand from oil & gas and construction industries will likely propel the global growth of the steel pipe market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• The advancing construction sector will strengthen market prospects for the steel pipe industry.
• High transportation costs will hamper the growth of the target market.
• In 2022, the oil & gas application segment will account for over 51% of the global revenue share.
• Most essential steel pipe markets are present in the United States, China, and India.
• North America holds about 28.3% of the overall steel pipe market share.
• Favorable government measures will drive the steel pipe market in Brazil.

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Competitive Landscape 

American Cast Iron Pipe Company, Baosteel Group Corporation, Evraz Plc, Nippon Steel & Sumitomo Metal Corporation, JFE Holdings Corporation, Hyundai Steel Company, TMK Group, United States Steel, Tata Iron and Steel, VALLOUREC, and Nucor Corporation among others are some of the major players in the steel pipe market profiled in the full version of the report.

Key market players are keen on providing high-quality products with the help of enhanced technologies. These businesses are focused on improving their operational efficiency and inventory management, increasing consumer satisfaction, and raising their profit margins by adopting new technologies. Mergers and new product releases are some other strategies that these participants employ to gain a competitive edge.

More Insights into Steel Pipe Market Report

In its latest report, FMI offers an unbiased analysis of the global steel pipe market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented on the basis of material type (carbon steel, alloy steel, stainless steel, tool steel), application (automotive industry, construction & mining, textile machinery, chemicals, pharmaceuticals, energy industries, refinery petrochemicals, oil & gas processing, water treatment facilities), and region.

According to the latest FMI reports, based on segmentation, the oil and gas application segment will be a major contributor to the overall growth of the steel pipe market. This segment is predicted to account for over 51% of the revenue share. The oil and gas application segment will be followed by the construction industry in terms of the contribution to the overall steel pipe market growth.

Based on region, the steel pipe market in North America will account for a 28.3% share of the global market. With the presence of one of the major steel pipe markets in the United States, this region is expected to demonstrate significant growth during 2022-2032. Heightened demand for steel pipes in the power plant sector, the vehicle industry, and the oil and gas industry will bolster the sales of the steel pipe market in this region. Other countries like China, Brazil, Canada, and India will also exhibit notable growth in the steel pipe market over the forecast period.

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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The global augmented reality for retail market is predicted to be valued approximately US$ 2.36 billion in 2022 and to rise at an astounding CAGR of approximately 43% to 46% during the forecast period, totaling approximately US$ 23.0 billion by the end of 2032. Market expansion is being driven by increased adoption of cutting-edge technologies such as augmented reality by retail enterprises such as specialised stores, malls, supermarkets, department stores, and others.

The increased adoption of virtual reality and augmented reality across various application led to increase the demand for augmented reality in variety devices. Its recent implementation is observed in glasses with the introduction of augmented reality glasses.

Augmented reality glasses enables information about the user’s environment displayed in front of his/her eyes on his/her glasses. In addition to this, augmented reality glasses effectively superimposes the virtual objects on to the real world. Smart augmented reality glasses enables efficient interactions with holographic objects, as well, because of the presence of sensors and position trackers.

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Innovations in augmented reality glasses has led to the introduction of mixed reality glasses comprising of enhanced functions. Augmented reality glasses are still in its development stage as new innovations and implementations are done on the same with the advancements in technology and availability of resources. In spite of this, augmented reality glasses have found its applications in industries such as healthcare, military, retail, real estate etc.

Augmented Reality Glasses Market: Drivers and Restraints 

The primary driver for augmented reality glasses is the increasing adoption and implementation of augmented reality and virtual reality causing transition towards digitalization. Additionally, increasing adoption of smart phones & tablets and increasing penetration of internet also drives the market of augmented reality glasses.

The decline in the average price of augmented reality glasses is also a factor contributing towards the growth of augmented reality glasses. Factors such as rising demand in healthcare & military, location based search and gaming applications, furthermore, drive the augmented reality market.

As augmented reality glasses are still in its development stage, henceforth, the major factor restraining the growth of augmented reality glasses market is its lack of awareness. In addition to this, augmented reality glass’s high cost, in spite of the decline in prices, also impedes its growth and adoption rate.

Global  Augmented Reality Glasses Market Technology Trends 

The recent trend governing the growth of augmented reality glasses market is its transition into mixed reality glasses with new technological implementations such as position tracking and presence of depth sensors.

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Global  Augmented Reality Glasses Market Regional Overview 

North America is the most dominant region in the global augmented reality glasses market. North America is followed by Europe as there is an increase observed in awareness amongst users, about augmented reality glasses.APAC is expected to grow at the fastest rate with the penetration of internet, increased awareness and increasing adoption of smart phones and tablets.

Global  Augmented Reality Glasses Competitive Landscape 

In February 2017, Toshiba Corporation partnered with Vuzix Corporatin. The partnership aimed at the development of a smart augmented reality glasses, enabling augmented reality to its users.  Some of the major global augmented reality glasses market players include Microsoft Corporation, Google, SEIKO EPSON CORP., Laster Technologies, Penny, Sony Mobile Communications Inc., Recon Instruments, LUMUS.

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, and industry.

The report covers exhaust analysis on 

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

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Key Segments Profiled in the Augmented Reality for Retail Industry Survey

By Retail Type:

• Furniture
• Apparel
• Groceries
• Footwear
• Cosmetics
• Jewelry
• Others

By Component:

• Hardware
• Software

By Application:

• Malls
• Specialty Stores
• Supermarkets
• Department Stores
• e-Commerce
• Others

By Business Size:

• Large Retailers
• Medium Retailers
• Small Retailers

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• Middle East & Africa

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The global water source heat pump market is estimated to garner US$ 1464 Million while exhibiting a 4.5% CAGR during the forecast period. The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 945 Million in 2022.

During the forecast period, Europe is expected to amass a market value of US$ 125.5 million in the water source heat pump market. Due to the region’s increasing demand for heating and cooling, Europe also offers potential growth opportunities in the water source heat pump market. Growing demand for efficient space heating technologies due to Europe’s expanding building sector will drive market growth in the coming years.

Continuously growing concerns regarding environmental sustainability & energy security coupled with the shifting trends for bio-based infrastructure will boost the water source heat pump industry growth. In addition, a strong inclination toward the requirement of carbon-free equipment along with favorable government policies with an aim to reduce fossil fuel consumption will positively boost the business scenario.

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Key Takeaways from the Market Study

• The global water source heat pump market is estimated at US$ 905 Million in 2021
• By product, the water-to-air segment to flourish at a growth rate of 4.5% from 2022-2032
• By application, commercial water source heat pumps to accumulate a 39% market share in 2022
• Market in Europe to procure a market value of US$ 125.5 Million by 2032
• North America to account for 38% of global water source heat pump market revenue
• Asia Pacific to emerge as one of the most opportunistic markets, clocking a 4.3% CAGR

“Water source heat pumps usage is rising amid growing demand in industries and in residential applications, with a view to reduce adverse environmental impacts associated with operating conventional heat pumps. This has prompted manufacturers to introduce highly efficient product lines, widening market growth prospects,” says an FMI analyst.

Increased investment in the construction and residential sectors will provide new growth markets for water source heat pump suppliers. The high cost associated with heat pumps may restrain the growth of the market throughout the forecasting period. The water-to-air segment is likely to offer remunerative opportunities for the global water source heat pump market. Several emerging economies are making significant developments in their technological sector, thereby, providing lucrative opportunities to players in the market.

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Competitive Landscape

Key players in the global water Source heat pump market are Trane, Vaillant Group, Viessmann, Glen Dimplex Group, STIEBEL ELTRON GmbH & Co. KG, Bosch Thermotechnology Corp., Danfoss, Daikin, Carrier, Johnson Controls, Rheem Manufacturing Company, Modine Manufacturing Company, Aermec S.p.A., Bard HVAC, OCHSNER, Mitsubishi Materials Techno Co., WOLF GmbH, Weishaupt Group, and Swegon Group AB. Recent updates from the industry are:

• In December 2021 – Trane Technologies a global climate innovator – is introducing new digital indoor environmental quality (IEQ) management solutions that provide building owners and facility managers with actionable insights for healthier and more efficient indoor spaces and occupant peace of mind.
• In March 2021 – Vaillant has extended its range of heat pumps, adding geoTHERM perform, a brine-water heat pump, and aroTHERM perform, an air-water split heat pump. Both heat pumps are designed for use in large new construction and renovation projects, both in the housing sector and commercial properties.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global water source heat pump market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

The study reveals essential insights on the basis of Product (Water to air, water to water) by technology (open loop, close loop and hybrid) by Application (Residential, Commercial) and Region (North America, Europe, APAC, MEA, and Latin America)

About the Industrial Automation Division at Future Market Insights

The industrial automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

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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The global temporary storage buildings market is expected to be worth around US$ 1536.9 million in 2022, with sales expected to grow at a 6.3% CAGR from 2022 to 2032, reaching US$ 2831.3 million by 2032. Global industrialization is increasing the demand for storage space to house tools, equipment, and raw materials in one location. This will increase future demand for temporary storage buildings.

Temporary storage buildings are quick and simple arrangements that are commonly used for storage-related applications. These storage areas are simple to construct because they do not require a concrete foundation or brick walls. Overall, these storage buildings are both cost-effective and modern.

The Asia Pacific is predicted to portray considerable growth during the forecast period due to initiatives from governments in countries like China and India to encourage manufacturing. This factor will contribute to the lucrative growth of the market. At the same time, they are the adaptable, long-lasting substitute. Furthermore, it is easily dismantled and repositioned between work sites to meet future needs.

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Europe holds a major share in the global temporary storage buildings market. It is followed by North America and Asia Pacific. Europe is projected to be major consumers owing to the extensive applications of temporary storage buildings in the manufacturing Industry.

Regional analysis includes:

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

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Market Participants

Some of the examples of the market participants operating across the value chain of the global Temporary Storage Buildings market are:

• RÖDER HTS HÖCKER GmbH
• Shelter Tent Manufacturing Co., Ltd
• Spaciotempo
• Portable Venues (Group) Ltd
• Big Top Manufacturing
• MAHAFFEY FABRIC STRUCTURES
• Losberger US LLC, USA
• Kopron Spa
• MegaDome Buildings
• Milestones Building & Design

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, and industry.

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.

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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The global optical current transformer market is forecasted to be valued at US$ 322.7 Mn by 2032, up from US$ 145.4 Mn in 2022, advancing at a CAGR of 8.3% during the forecast period. The dispensable requirement of oil and gas insulation promotes the growth of the optical current transformer market share.

Due to their smaller size and lighter weight, optical current transformers continue to be in demand. The adoption of the optical current transformer is not motivated by any improved safety failure mechanism. Sales of optical current transformers increase due to their high accuracy for metering over a wide range of primary currents.

Due to its cutting-edge features and advantages in terms of regulations, magneto optical current transformers are preferred over fibre optical current transformers in terms of market growth.

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The optical current transformer market share is expanded by providing device protection and resistance to electromagnetic interference introduced by the ground loop. Because of its small size and low cost, the optical current transformer market share is growing.

Competitive Landscape

Some of the key market participants in the optical current transformer market are ARTECHE, TRENCH Group, Asea Brown Boveri (ABB) Group Ltd., GE Grid Solution, SIEMENS AG, JSC PROFOTECH, Beijing Daelim Green EP Tech Co., NR Electric Co., T&D, Pfiffner, RITZ INSTRUMENT TRANSFORMERS GMBH, Emek Elektrik Endustrisi, Indian Transformers, Koncar Power Transformers Ltd., DYH (Activ1 Technology Co. Ltd.), Dalian Beifang, Daelim Belefic, KA Factor Group, EnglishCo LLC, Netico GmBH, Qoitech AB, DeepStream Technologies Ltd., Hangzhou Anmaisheng Intelligent Technology Co. Ltd., etc.

They assist in increasing revenues and expand product offerings in standardised form by introducing R&D activities and strategies that encourage expansion, collaboration, and development with other firms.

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Some of the recent developments in the optical current transformer market are:

• In 2018, Profotech became a resident of the special economic zone ‘Technopolis Moscow’ and set up serial production.
• In 2022, ARTECHE participated in the hackathon ‘2022-Weetbe’, innovating in the asset management of the High Voltage Power Grid.
• In May 2022, Hunan 500kV Shuicheng substation was successfully put into operation to realize the remote “one key sequence control” function.
• In December 2020, NR Electric Co. independently developed the complete set of voltage sag control equipment based on high-speed switch, and successfully passed the full set type test of Xi’an High Voltage Apparatus Research Institute and its performance was fully certified by authority.

The increasing use of high voltage devices in transmission, distribution, and power generation drives optical current transformer sales.

The use of optical current transformers is increasing as industries encourage the increased use of computerised control techniques and digital devices. The brittleness and device damage of conventional transformers increases demand for optical current transformers.

The provision of resistance in high voltage operations increases the size of the global optical current transformer market. The inefficiency of inductive type current transformers or porcelain insulators forces power stations and substations to use optical current transformers.

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

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According to Future Market Insights, the global residential boiler market is anticipated to grow significantly during the forecast period (2022-2032). This due to increasing demand for advanced home appliances in residential sector across the globe.

Demand for residential boilers is anticipated to be driven by the growing demand from real estate sector in the U.S., Germany, India, and China. According to the Future Market Insights report, the global residential boilers market is expected to reach US$ 29.5 Bn in 2022, growing at a CAGR of 5.4 % from 2022 to 2032.

During the projected period, the demand for space heating and water heating household equipment is expected to rise along with government development plans, new construction projects, and need for a comfortable lifestyle.

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Key Takeaways of Residential Boiler Market Study

• Residential boilers with capacities under 24 kW are anticipated to rise at a CAGR of 4.8 % during the projection period.
• By technology, the condensing residential boiler segment will account for more than 70% of the global market.
• In terms of fuel type, gas is anticipated to account for more than 74% of the global market share.
• Based on application, the apartment segment is anticipated to expand at a value CAGR of 5.1% by 2032.

“Demand for residential boilers is projected to surge with expansion of real estate market. Shifting lifestyle preferences, governmental regulations, and real estate development plans will propel the demand in the market. To capitalize on growing demand key companies are increasing investment in technological advancements for product enhancement and after-sales service.” says Future Market insights analyst

Competitive Landscape

Top manufacturers are dominating the residential boiler market globally, which is highly consolidated. Market players are attempting to increase their market share by creating new products and upgrading existing product lines due to technological advancements.

Some of the companies are collaborating to expand their market-based sales channels while concentrating on providing consumers a network of post-purchase services. Additionally, key supply trends like the introduction of new products and significant investments in R&D are followed by producers of residential boilers. Ariston Thermo Group, Groupe Atlantic, Vaillant Group, and Viessmann are a few of the major companies in the sector.

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Find More Valuable Insights

The research report analyzes the market demand trends of residential boilers. The Egypt market estimation and growth projection is based on factors like end use industries development, COVID-19 crisis impact, replacement ratio, and adoption rate of residential boilers. As per Future Market Insights research scope, the residential boilers Market has been studied and segmented on the basis of product capacity and end-use. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.

About FMI – Industrial Automation

The Industrial Automation division of FMI offers a novel approach and innovative perspective in analyzing industrial automation market. Comprehensive coverage of capital, portable, process, construction, industrial and special purpose machinery across manufacturing sector and distinctive analysis about installed base, consumables, replacement, USP-feature-application matrix make us a pioneering voice in the industry. We are preferred associates with established as well as budding industry stakeholders and channel partners when it comes to sustain, grow and identify new revenue prospects.

Key Segments Covered in Residential Boiler Industry Analysis

By Capacity

• Below 24 kW
• 24kW to 35 kW
• Above 35 kW

By Technology

• Condensing
• Non-Condensing

By Fuel Type

• Gas
• Oil
• Electric
• Others

By Application

• Apartments
• Villas
• Others

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• 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.

Contact:
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
Latest Report: https://www.futuremarketinsights.com/reports/
LinkedIn| Twitter| Blogs