Market Research Blog – Page 9561 – New Product Development

Canvas Roll Market to Achieve A High CAGR Of 4% During Forecast Period -2031

The canvas roll market is set to witness a CAGR of 4.0% during 2021-2031. A rolled canvas is a painting that has not been stretched and must be stretched oneself. In other words it is piece of canvas or a canvas print that has not been stretched over a timber frame is known as rolled canvas. This makes it less prone to damage and allows it to be rolled for storage or transportation. Before it can be shown, rolled canvas must be stretched.

What is Driving Demand for Canvas Roll?

People now have access to a wide variety of canvases on which to display their artwork due to current technologies. Canvases are ideal for artists or anyone who want to display their work or scanned photographs on their walls. When we go to an exhibition, we may hear an oil painting described as rolled or stretched. Furthermore, millennials want their rooms and residences to be more opulent by exhibiting their images on the walls, so home decorations/renovations are on the rise.

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Trends in Canvas Roll Likely to Augment Sales

Canvas is a densely woven cloth made from cotton or another fibrous substance. Canvas is the most common raw material used in the production of canvas goods. Canvas fiber processing is comparable to that of lighter textiles, but because of the greater yarn count, spinning and weaving equipment are stronger and heavier, and they spin and weave at slower speeds.

As a result, the manufacturers are providing high quality material due to rising demand in home décor. For instance, Myoyay brand of canvas roll made of high quality polyester material, 24 in x 98.4 ft 1Roll and Uses standard 2″ Spindles and 100% matte. The surface of the canvas roll has waterproof properties and dries quickly. The excellent material makes our products have excellent stretch resistance.

Impact of Covid- 19 on Canvas Roll Market

The World Health Organization had classified the COVID-19 virus a pandemic (WHO). Museums, art fairs, galleries, and many other art institutions and industry events had been forced to cancel, postpone, or change their 2020 editions or planned programming because to COVID-19 global reach.

Furthermore, the manufacturing and supply chain process were halted due to severe trade restrictions imposed by the government which even resulted in shortage of raw materials, shortage of laborers etc.

US and Canada Canvas Roll Market Outlook

The United States was previously the world’s largest paper producer. The arts are highly valued in the United States. There’s a lot to look forward to in the home renovation industry. Professional contractors can benefit from low borrowing rates, a booming real estate market, and increased demand for home remodels. Certainly, the pandemic had an impact on most businesses in some way, but for many home improvement businesses, 2020 was their best year ever.

Furthermore, because of the work-from-home culture, people are more interested in designing their homes, so demand for canvas roll is expected to rise over the forecast period.

Europe Demand Outlook for Canvas Roll

Owing to enhanced investment on modern interiors by homeowners, as well as increasing urban population, technology advancements, and developing living standard, the market for canvas roll in Europe is expected to grow significantly over the forecast period. In addition, the growing need for new interior designs, rising disposable income, and growing concerns about smart home interior options will all help to drive the canvas roll market in Europe forward.

Who are the Key Manufacturers and Suppliers of Canvas Roll?

Some of the leading suppliers include

Cheap Joe’s Art Stuff Inc.
Shanghai Beaux-Arts Co.Ltd
Zhengzhou Inry Industry Co.Ltd.
Shanghai Janehong New Material Technology Co.Ltd.
Canvas on Rolls
Big Duck Canvas
Great K2 Industry Co. Ltd.
Nasco
Phoenix Artist Materials Vietnam Co Ltd
US Art Supply
Tara Materials Inc.
Sparrow Print India
Candor Textiles Pvt. Ltd.
and among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Portable Misting fans Market is set to Witness a CAGR of 8.3% by the end of 2031

Portable Misting fans market is set to witness a CAGR of 8.3% during 2021-2031.The growing temperature changes has led people to the adoption of misting fans for better environment conditions. As a result, leading market participants are focused on developing more portable mist fans with innovative ideas that are adaptive to the necessary situations.

What is Driving Demand for Portable Misting Fans?

The primary element driving the market internationally is the growing climate changes around the world. Furthermore, the availability of a variety of easy personal safety items from manufacturers is helping the industry in gaining widespread popularity among customers. Manufacturers are likewise concentrating on designing misting fans with multi-functionalities.

Because of their small size and ability to fold, these misting fans are a vital tool for individuals. It can be utilized in a variety of situations, including at work, outside, in a car, and when there is no power. Misting fans are in high demand due to recreational activities such as camping and hunting. People’s desire for comfort and a cleaner atmosphere is expected to drive demand for portable fog fans, propelling the global market in upward projections.

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Another driving aspect is the features such as shockproof system, lightweight, and adjustable length. The ease of use may be a factor driving the popularity of fog fans among the general public, paving the way for a growing market.

Trend of Portable Mist Fans in the Home, Commercial, and Industrial Sectors

During the hottest summer months, mist fans can be used in the home to help reduce electricity consumption. The increased popularity of pool parties and backyard barbecues is driving up demand for mist fans, which provide a pleasant air during hot summer evenings and has correspondingly boosted the demand for portable fog fans.

Mist fans help increase morale, health, and energy levels in commercial and industrial sectors where large numbers of personnel are involved in offering services and producing goods. Increased humidity levels caused by changes in environmental circumstances can be readily dealt with by using mist fans on a regular basis, offering respite to customers during the summer.

Impact of COVID-19 on Portable Misting fans Market

The pandemic has led in significant company losses around the world, posing unprecedented obstacles to the mist fans market growth. Existential crisis have been posed to a number of businesses leading to heavy losses and disruptions in operations and manufacturing

Economic shocks in the logistics and supply chain have wreaked havoc on global labor and employment, limiting the expansion of the portable fog fans market. The shortage of raw materials and other facilities is preventing portable mist fans manufacturers from making a profit, resulting in a significant loss and limiting the market’s growth.

US and Canada Portable Misting fans Market Outlook

The global market for mist fans is dominated by North America. The market in North America is expected to grow rapidly due to an increase in the variety of portable and easy-to-transport mist fans, high end-use in industrial sectors, a growing number of manufacturers in the region, and the availability of high-pressure mist fans that can drastically lower temperatures in the United States and Canada.

Furthermore, rising preference of local population for recreational and outdoor activities is leading them to the adoption of portable fog fans in the region and is anticipated to remain a prominent region for the overall growth of the market.

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Europe Demand Outlook for Portable Misting fans

The market for mist fans in Europe is expected to increase at a rapid pace. Due to increase in number of shopping complexes, changing temperature, growing e-commerce sector, and rise in outdoor activities in Germany, Spain, France, and Italy.

The rise in working population in the region has resulted in increased sales of comfort accessories such as portable mist fans and other similar items in Europe. In addition, the penetration of high numbers of manufacturers in Europe across the area is driving demand for small portable fans.

Who are the Key Manufacturers and Suppliers of Portable Misting fans?

Some of the leading manufacturers and suppliers of portable misting fans include

ewAir
Lasko Products
LLC
Usha International Ltd.
Bigfogg
and among others.

Key Segments

By Product Type:

High pressure misting fans
Mid pressure misting fans
Low pressure misting fans

By End Use Sector:

Residential
Commercial

By Price Range:

Low
Medium
High

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By Sales Channel:

Supermarket/Hypermarket
Specialty Stores
Wholesalers/Distributors
Online Retailers
Convenient Stores
Multi-Brand Stores
Others

By Region:

North America
- US & Canada
Latin America
- Brazil, Mexico, Others
Western Europe
- EU5
- Nordics
- Benelux
Eastern Europe
Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
Japan
Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa

Stone Crushing Equipment Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2032 | FMI

The global stone crushing equipment market is estimated to create an absolute dollar opportunity of US$ 5.5 Bn by the end of 2022. The sales of stone crushing equipment are expected to exceed US$ 11 Bn by 2032, accelerating at a remarkable CAGR of 10% over the forecast period 2022-2032. Increasing application across the artificial store and sand manufacturing sector is anticipated to augment the demand for stone crushing equipment in the market.

Future Market Insights reveals that Asia Pacific excluding Japan is estimated to register the fastest growth in the global stone crushing equipment market from 2022 to 2032.

With surging demand for materials such as stones, aggregates, sand, gravels, owing to the rising building and construction activities across Asia Pacific, leading players in the market are increasingly aiming at launching novel machines to capitalize on the existing opportunity.

According to the need and use for the stone size, stone crushing equipment is a type of machine made to reduce the size of large rocks into smaller rocks, aggregates, sand, gravels, and other materials. By separating the stones into uses for construction, railways, canals, beaches, and other application-specific uses, they are also used to alter the shape of raw material mixtures.

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These crushing equipments operate by applying compressive strength to the rocks and crushing it by means of collisions between the rock and machine. They are made of thick metal surface and are capable of breaking and crushing all varieties of materials such as quartzite, stones, coke, rocks, marbles, irons, and others. Attributed to this, stone crushing equipments are finding a wide range of application across sectors such as mining, building materials, metallurgy, railway, and highway among others.

In addition, rapidly growing mining activities and increasing introduction of advanced crushing machineries integrated with innovative technology such as telematics and artificial intelligence is projected to propel the demand for stone crushing equipments market.

Which are Some Prominent Drivers Spearheading Stone Crushing Equipment Market Growth?

As the trend of urbanization continues to surge, a swift rise in building and construction activities is being witnessed, especially across countries such as China, the U.S., Germany, India, Australia, and others. Also, growing emphasis on sustainable development and upgrading nation’s infrastructure is encouraging governments in several countries to undertake a number of initiatives.

For instance, according to a report by the India Brand Equity Foundation (IBEF), the Government of India plans to construct over 100 smart cities across the country and has announced sanctioning nearly US$ 868 Mn under the country’s Smart City Mission for 2021-2022.

Stone crushing equipments are extensively used for producing stones, aggregates, sand, gravels from larger rock based on the requirement by the type of construction activities such as buildings, bridges, roads, canals, and others. Thus, growing construction activities and implementation of such initiatives are estimated to create lucrative growth opportunities in the market.

However, rapidly expanding building & construction sector and increasing extraction of sand & gravels from water bodies has resulted in depletion of inland as well as marine reserve of stones and sand. This has led to a shift in construction industry players towards using artificial sand and stone for construction activities. As these artificial materials are made using stone crushing equipments, growing shift towards artificial sand and stone is expected to bolster the sales in the global market.

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What are the Challenges Faced by the Stone Crushing Equipment Market?

Stone crushing equipments are needed to locate close the demand centers such as cities canal, construction sites, bridges, and others. As these equipments causes a lot of noise pollution and release dust particles in the air, implementation of stringent regulations regarding noise and air pollution is compelling the operator to set up the plant away from cities, resulting in increased cost of hauling.

Also, need for large manpower for the operation, consumption of huge amount of electricity, and extravagant cost of stone crushing equipments are other factors hindering the growth in the market.

Why is Asia Pacific Excluding Japan Emerging as an Opportunistic Stone Crushing Equipment Market?

Future Market Insights reveals that Asia Pacific excluding Japan is estimated to register the fastest growth in the global stone crushing equipment market from 2022 to 2032.

For instance, in 2019, Mesto, an Indian manufacturer, and supplier of construction equipments announced launching its latest addition to the versatile MX Multi-Action cone crusher series, MX3. It assists in lowering the operating costs and improving crusher productivity with a design optimized especially for mid-sized quarrying. A slew of such new product launches is estimated to augment the demand for stone crushing equipments in the market.

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How is North America Contributing to the Growth of the Stone Crushing Equipment Market?

As per FMI, North America is estimated to exhibit growth at a rapid CAGR in the stone crushing equipment market during the forecast period 2022-2032.

Government in countries across the region are launching massive construction and railway projects to strengthen their transportation infrastructure citing the trend of urbanization. For instance, the U.S. has announced its plan to sanction nearly US$ 53.8 Bn under the Sound Transit 3 (ST3) Construction Project for expanding the country’s existing link light railway system starting from the suburbs of Tacoma to West Seattle.

In addition to this, increasing mining and metallurgy activities across the countries such as the U.S. and Canada is estimated to bolster the sales of stone crushing equipments in the North America market.

Market Competition

Some of the leading players in the global stone crushing equipment market are BUCY International, Sandvik AB, Metso Oyj, Terex Corporation, CNH Global N.V., Komatsu Ltd., Caterpillar Inc., and Joy Global Inc.

The market for stone crushing equipment is highly competitive, due to large number of participants and increasing investment in development and introduction of novel crushing machines by leading players.

Key Segments Profiled in the Stone Crushing Equipment Market Survey

By Product:

Cone Crusher
Jaw Crusher
Impact Crusher

By Application:

Mining
Quarrying
Recycling
Building & Construction
Others (Agriculture, Railway)

By Region:

North America
Latin America
Western Europe
Eastern Europe
APEJ
Japan
Middle East and Africa

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

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Oil Colors Market – Business Opportunities and Global Forecast to 2031

According to the latest research, sales of oil colors is set to witness steady growth with a CAGR of over 4.5% during 2021-2031. Demand for oil colors might witness substantial growth post suffering a drop in demand and sales throughout the COVID-19 pandemic period. Post-pandemic the anticipated growth in the residential sector is expected to see a rise in demand for Oil Colors.

What is Driving Demand for Oil Colors?

Manufacturers are increasingly adopting to the various natural as well as synthetic oil pigments that are used in the oil paints. The boom in furniture industry has been a major contributing factor towards the growth of the market. Use of such oil colors in new automobiles is also on the growth curve and thus, impacting the market growth positively. The characteristics of the oil paints to avoid the corrosion on the metallic surfaces has been one of the greatest achievement in the field of innovation.

One of the key factors driving the worldwide oil paint market’s growth is rising consumer base in the art enthusiast category. The rise of panel painting purely in oils, or oil painting has been a driving factor in this category. Moreover, the market for oil colors is predicted to grow in response to rising customer demand for home decor and stylish wooden and metallic furniture that can be attributed to the color paints on such furniture, correspondingly, acting as a major factor in the market growth.

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Trend of Natural and Organic Colors Likely to Augment Sales

Various governments around the world have regulated the use of chemical colors that are more harmful to the eyes and skin. Moreover, increased cases of harms from such colors to the infants has been a major topic of discussion and in turn, increased awareness and benefits regarding natural and organic colors.

Furthermore, increased demand from parents with infants in their family has been a major contributing factor in the growth of the industry. The growing awareness about the use of natural colors to the people as well as environment is appealing to the customers and a high number of customers are opting for such natural and chemical-free oil colors that also on the other hand provide sense of responsibility towards the environment and ourselves and is a leading to augmented sales of natural oil paints.

Impact of COVID-19 on Oil Colors Market

The coronavirus outbreak has had a significant impact on a wide range of organizations as well as all stages of their supply and value chains. Consumer goods is one of the industries that is now suffering as a result of the pandemic.

Raw material supply is one of the most important sections of the market’s value chain, where key companies and vendors are experiencing issues due to insufficient logistics, traffic control, and public mobility restrictions in affected nation-states around the world, which can cause supply interruptions. As a result of the pandemic, major market participants have had to reassess their contingency plans and risk management.

US and Canada Oil Colors Market Outlook

The rapidly growing residential sector in regions like North America, as well as customer demand for natural colors in the region, are two major factors driving the use of oil paints. Furthermore, due to environmental concerns, there has been a reasonable demand for organic colors in recent years, and this, together with the rising number of household remodeling projects in the region, has generated a potential market for the competitors.

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One of the major trends in the US and Canada region that is attracting customer attention is the shift from classic to contemporary furniture and its finishes. Moreover, the growing need of metallic products has also generated a high volume of sales for the manufacturers in the region. Nippon, for example, offers a wide range of antique oil paints, and its vast line of product portfolio complements the minimalism aesthetic with its finishes.

Europe Demand Outlook for Oil Colors

In the coming years, the European commercial market is expected to be the largest and fastest-growing segment. Many companies are now high and premium quality colors that are specifically built for luxury looks. The growing popularity of home remodeling and, as a result, the use of stylish and smart oil paint combinations is predicted to drive up demand in the market.

The expansion of the metal work category for various everyday utility products has had a positive impact on the regional market. The desire of regional customers for a choice of better quality colors with long-agility has given top brands the opportunity to supply and meet customer demand.

Furthermore, due to the growth of the real estate industry, which has resulted in an increase in the construction of residential and commercial structures, as well as the use of oil colors for various such reasons, the region has gained a lot of traction.

Key Segments

By Pigment Type:

White Oxides
- Zinc Oxide
- Titanium Dioxide
- Yellow Cadmium
Ochre
Sienna
Umber
Madder Root
Other

By Origin:

Natural
Synthetic

By Type:

Organic
Inorganic

By Sales Channel:

Supermarkets/Hypermarkets
Specialty Stores
Wholesalers/Distributors
Independent Retail Stores
Online Retailers
Convenient Stores
Others

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Global Flue Gas Desulphurization Market Key Players, SWOT Analysis, Key Indicators and Forecast to 2030 | FMI

The global flue gas desulphurization market is expected to register a CAGR of 3% during the forecast years of 2020 and 2030. The growing need to fight the air pollution battle has boosted the demand for flue gas desulphurization (FGD) systems.

Stringent national and international laws to install air filtration units in places that emit Sulphur dioxide (SO2) are expected to key drivers for this market in the next decade. All the prominent industrialized nations around the globe have formulated regulations concerning mitigation of carbon and sulphur dioxide emissions as maintaining global temperature gained spotlight.

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Emission Norms to Necessitate Installation of FGD Systems

Rapid industrialization and concentration of manufacturing activities in Asia Pacific has created a serious need for implementation of FGD technology to reduce emissions. In addition, exponential usage of electricity, rise of coal-fired operations, especially in China and India are expected to give this market a shot in the arm.

In the wake of recent pandemic, the focus on seeking solutions for climate change is going to draw attention to every solution for reducing emissions. Thus, as economies begin to recovers, nations will make a hurried investment in FGD technology to make air cleaner, avert chances of acid rain due to particles of nitrogen and sulphur, and better temperature conditions.

Power Generation Sector to Remain Key End User due to Coal

On the basis of type, the FGD market can be segmented into dry and semi-dry FGD system and wet FGD system. Analysts expect that the wet FGD segment will pace ahead as it highly efficient and is thus found in majority of the industrial units. As coal-fired plants are biggest contributors of flue gases, it is mandatory to ensure efficient systems to ensure clean coal energy generation. This is expected to keep wet FGDs segment in the lead in the coming decade.

The key end users of FGD technology are manufacturing plants, chemical industries, iron and steel industries, power generation, and others. The power generation segment is expected to assume lead as demand for electricity and power continues to be relentless in developing economies. Economies focussing on manufacturing will continue to demand high energy generation, which in turn will feed the demand for FGD technology during the forecast period.

Asia Pacific to Lead as Manufacturing Activities Remain Integral of Developing Nations

In terms of region, Asia Pacific is expected to exhibit a steady growth during the forecast period. In an earlier forecast though India and China presented incredible opportunity, the focus is now shifting from China. Manufacturing units are looking at shifting base from China to Japan and India as the world tries to cope with COVID-19 pandemic. As coal continues to be a cheap source of energy in developing economies, the rise of manufacturing will be Asia Pacific’s way ahead in the global economy. This in turn will keep the regional ahead as the economy recovers.

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Key Players

The key market players in FGD market are Ducon Technology Inc., Alstom S.A., Mitsubishi Heavy Industries, Siemens Energy, Wilcox, Marsulex Environmental Technologies, and Babcock

How Will Growth Unfold?

In the coming years, containing emissions, cleaner air, and a lesser negative impact on environment are likely to be the key goals of any big company. Every nation will have to rework its strategies to recover of the ongoing 2020 recession while taking care of the environment. Thus, the future of the FGD systems is a bright one. Analysts at FMI anticipate that the market will steadily recover and flourish as energy mixes alter. However, the players need to rethink of building their markets as alternative energy solutions will gain prominence.

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth 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

Asia Pacific Manufacturing Execution Systems (MES) Market 2022 | Present Scenario and Growth Prospects 2032

The Asia Pacific Manufacturing Execution Systems (MES) market share is projected to reach US$ 27,601.4 Mn in 2032. The growing worldwide manufacturing sector & industrialization has been increasing the demand for Manufacturing Execution Systems (MES).

According to FMI, the Asia Pacific Manufacturing Execution Systems (MES) market is estimated to be valued at US$ 12,435.0 Mn in 2022 and is projected to increase at a CAGR of 8.3% in the forecast period from 2022 to 2032.

It manages and monitors work in process on a factory floor. The goals of MES are to make the manufacturing process more efficient and improve productivity by reducing the cycle time. MES has replaced manual operations into paperless operations for faster transfer of information and improve the process of decision making.

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Based on the applications, MES can be segmented into two segments as discrete manufacturing industries and process manufacturing industries. The various process manufacturing industries include chemical, oil and gas, pulp and paper, food and beverages, waste water management etc.On the other hand various discrete manufacturing industries include automotive, healthcare, aerospace and defense. MES has been nowadays accepted across various segments.

Key benefits of MES include reduced work in process inventory, support for stock keeping unit, labour tracking and ability to review efficiency by work centers, operators and equipment.

Manufacturers can benefit from the integration of MES with product lifecycle management (PLM), supply chain management (SCM) and enterprise resource planning (ERP) to transform the manufacturing processes in terms of control and synchronization.

The global MES market is expected to grow two fold from 2014 to 2020, at a CAGR of 10-12%.The global market is expected to grow significantly, as manufacturers are looking to manage complex processes and products more efficiently.Europe and North America are the largest contributors in the global MES market, capturing almost equal amount of share. APAC on the other hand is expected to register higher growth as it is attracting investors to manufacture.

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APAC is transforming into a manufacturing hub. All the major players of the market are focusing on the APAC region, due to rapid growth expected in the industrial and infrastructural sector. In order to cater the growing demand from Association of Southeast Asian Nations (ASEAN), the MES manufacturers are shifting their manufacturing plants to this region, to attract more consumers and gain a competitive advantage. With foreign direct investment increasing in this region manufacturing execution system is expected to witness potential growth in the region.

Key players in MES industry are Invensys operations management, Honeywell Processes Solutions, and ABB, which account for major portion of the market. Companies are getting into alliances & acquisitions to expand their business operations and increase their investment through foreign direct investment, which are expected to boost the growth of MES market.

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

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The report covers exhaustive analysis on:

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

Regional analysis includes

Greater China
India
ASEAN
Australia & New Zealand
Others

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 an in-depth analysis of parent market trends, macroeconomic indicators and governing factors, along with market attractiveness within the segments. The report also maps the qualitative impact of various market factors on market segments and various geographies.

Asia Pacific Manufacturing Execution Systems Market

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth 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

APAC Solar Micro Inverters Market Recent Trends, Demand, Dynamic Innovation in Technology & Insights | 2022-2032

The Asia Pacific Solar Micro Inverters Market is expected to reach US$ 490.3 Mn in 2022, according to FMI, and is expected to grow at a CAGR of 6.1% from 2022 to 2032.

By 2032, it is anticipated that the Asia Pacific region will have a solar micro inverter market worth US$ 890.3 Mn. The significant uptake of these tools for solar panel management and installation is one of the key factors driving the Asia Pacific solar micro-inverter market.

The market is expanding as a result of ongoing technological developments that will increase the productivity of solar micro inverters. The advantages that solar micro inverter technologies have over conventional solar inverter technologies are also encouraging the industry to grow in a profitable way.

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Modularity, safety, and maximum energy harvest will continue to drive the market at a considerable pace through 2020. Till recent years, the demand for micro inverters was highly restricted to North America. However, the market is gradually shifting toward commercial applications, and witnessing expansion in most of the developed as well as developing regions outside the U.S.

Adoption of solar micro inverters has gained momentum in the recent past, resulting in a growing market in developing nations, including Asia Pacific. Improved device features and enhanced efficiency are currently pushing the market in APAC, which is projected to continue in the near future as well, creating a lucrative market for micro inverters on a global level.

APAC Solar Micro Inverters Market: Key Drivers

Declining Prices to Push Demand

The market is currently growing at a considerable pace. Persistent advances in R&D of solar micro inverters and substantial reduction in costs of micro inverters are estimated to boost the market during the forecast period.

Size and Modularity to Impact Maximum Applications

Compact size and high modularity of solar micro inverters make them ideal for residential applications. These two are the key drivers why micro inverters are currently gaining an impetus at a global level.

Superiority over Conventional Inverters is a Key Driver

Solar micro inverters are superior over conventional centralised or string inverters in various ways.

Unlike string inverters, micro inverters are tolerant to shade and do not let the power generation performance of individual solar panels drop, even if the area surrounding them is shady. This character is identified as one of the key factors positively influencing the demand for micro inverters when it comes to their efficiency.
Contrary to centralised inverters, solar micro inverters are compact in size and do not need separate air cooling, resulting in lesser heat loss. This is another factor fuelling the demand for micro inverters in the market.
Moreover, a broken string or centralised inverter faces halted performance merely due to a defect in one panel, whereas a defective panel in a micro inverter does not degrade the performance of the entire system because the system architecture allows individual panel monitoring. The maximum power is generated through MPPT. This has been an important driver in popularising micro inverters over the years.

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Higher Costs Can Create Challenges

However, relatively higher initial costs associated with installation and replacement of micro inverts may continue to create a major roadblock for solar micro inverters from becoming a widely commonplace device across Asia Pacific. Furthermore, installation of micro inverters requires the installation of another extra monitoring device – a communication bus, in addition to the basic common monitoring system. This in turn adds up to the final costs.

APAC Solar Micro Inverters Market Segmentation

FMI’s research offers a six-year forecast, segmenting the APAC market for solar micro inverters based on the type, consumer, and application.

Based on the type, the market is segmented into standalone solar micro inverter market and grid tied solar micro inverter market. On the basis of consumers, the solar micro inverter market in Asia Pacific is segmented as urban and rural. The urban segment dominates the market owing to rising awareness about alternate energy usage and growing population density in urban areas.

According to the application, the solar micro inverters market in APAC is segmented as residential and commercial. As micro inverters are economically lesser affordable compared to other traditional inverters, their residential applications find a lower market share in economically sensitive regions in Asia Pacific. However, the commercial solar micro inverter market application currently dominates the market.

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Market to Explore Untapped Growth Opportunities in APAC

Although the U.S. is a leading market for solar micro inverters, adoption of solar micro inverters is expected to gain traction in Asia Pacific, especially in India, Japan, and Australia. Soaring fuel prices, burgeoning demand for power supply, and favourable government policies are currently driving the market in APAC.

Regional Analysis: APAC Solar Micro Inverters Market

India, owing to the availability of ample renewable energy sources, captures a prominent position in the APAC market for micro inverters. Growing awareness about benefits of micro inverters and widespread adoption of renewable energy sources for agriculture are expected to fuel the demand for solar micro inverters across India. The Union Budget of India for 2014-15 has clearly indicated emphasis on using solar for electricity generation. This is a key factor, anticipated to provide momentum to the market for micro inverters in and post-2016.

Japan, despite representing a key residential market potential, has been facing limited micro inverter shipments. Stringent certification norms are anticipated to govern the Japanese market but domestic suppliers are expected to encounter growing opportunities.

Australia is a relatively emerging market for photovoltaics, which makes it an unestablished market for string and centralised inverters. The Australian market, since the past few years, has been reflecting growing demand for micro inverters and FMI’s research indicates string growth prospects for micro inverter suppliers. Recently, Enphase announced to commercially launch their AC battery first in Australia, later this year. ARENA Australia, through ample of renewable energy funds, will continue to provide an additional thrust to the market.

In addition, there are other expanding market, including Malaysia, Indonesia, and Philippines. Malaysia hosts several off-grid projects, whereas Indonesia is up for a thousand islands project. Philippines is also continually initiating multiple rural electrification projects. Utility companies located in all the three countries are currently prioritising rural electrification.

Key Players in APAC Solar Micro Inverters Market

Key participants in the Asia Pacific market for solar micro inverters, include Enphase Energy, Solar Bridge Technologies, SolarEdge, Green Ray Solar, and Enecsys.

The research report presents a comprehensive assessment of the solar micro inverter 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 categories such as market segments, geographies, types, technology and applications.

The report covers exhaustive analysis on:

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

Regional analysis includes:

China
India
Japan
ASEAN
Rest of Asia Pacific

Asia Pacific Solar Micro Inverters Market

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth 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

Soap Tablet Market – Dominance of the Leading Companies Over the Global Industry

The soap tablet market by end-use, by distribution channel, by skin type, & by region for 2021 – 2031 | global sales analysis and opportunity – 2031

People upgrade their traditional soap with tablet soaps. These soaps are high on hygiene, tiny, and come in a compact size so it is easy to carry to anywhere. Furthermore, many players make tablet soap with natural ingredients and is alcohol, detergent, and paraben-free. As a result, it is a good option for the people who are choosing eco-friendly and organic product, and that is why the soap tablet market is set to witness steady growth during the forecast period.

Companies manufacturing natural cleansing products are primarily focused on mitigating the adverse effects of synthetic soaps. Globally, the players are involved in research and development activities to deliver tablet soaps that meet the customer need for enhanced hygine products.

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What is Driving Demand for Soap Tablet Market?

Some of the factors driving the soap tablets market including the increasing number of enlightened and well-travelled consumers. Also, increasing customer knowledge of safety and sanitation is likely to boost the demand for soap tablets in the near future.

Soap tablets are more safe and efficient than the regular shop as they are available with precise size and are pre-equipped with additives and rinse aids, which enhanced the quality of cleaning and also, the chance of wastage is very less.

However, the coronavirus pandemic does not affect the market even, the demand for hygiene products including tablet soap is increasing in the market. Many players in the market take the advantage of the opportunity and expand their product portfolio.

For instance, Orial Imara (an India based soap tablet manufacturer and exporter) introduced Elaria, a tablet soap, which kill the germs and virus efficiently. Also, many people use such tablet soaps in place of sanitizers because these are only used by one person at a time so there is no chance of transformation of the virus and also, sanitizer leave the hand feeling itchy and dry. This raises the demand of soap tablets during the pandemic all around the globe.

The US and Canada Soap Tablet Market Outlook

Environmental safety, sustainability, and green development are proven to be more appealing to citizens in the region. Youth take part in the demonstrations against firms that destroy the environment. Players are encouraged to focus not only on hygiene products but also on environmentally friendly products as a result of the trend of customers turning to more sustainable products.

Furthermore, the rise in customer preference for soap tablets is predominantly due to their hygiene considerations, energy-saving characteristics, and convenience in the region likely to increase the sales in the regional market.

The rise in the soap tablet industry in the region is also due to men’s growing awareness of self-care, personal hygiene, healthy-looking, and skincare. Players are primarily involved in order to get momentum with millennial males. This product portfolio expansion by the company gains a competitive advantage in the regional market.

Who are the Key Manufacturers and Suppliers of Soap Tablet Market?

Players invest a huge amount in the research and development sector to innovate advanced technology that will reduce the overall energy, time and water of the user. Some of the leading manufacturers and suppliers of soap tablets include

Orial Imara Pvt Ltd
Colgate-Palmolive Company Limited.
reuuse.
Tirtyl Trading Pty Ltd
Blueland
Dreams Inc.
Etsy
Inc. and Zhen Feng Toys among others.

Companies of soap tablets are focusing on strengthening their presence and distribution channels in organized retailing to generate more sales revenue. Furthermore, Players are collaborating with local farmers to source natural ingredients directly from them, which help the company to increases the product’s attractiveness to the customers.

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Key Segments

By End-Use:

Kid
Men
Women
Pregnant Women
Old People

By Distribution Channel:

Supermarkets
Department stores
Drugstores
Beauty salons
Specialty stores
Direct selling
Online retailing

By Skin Type:

Dry
Oily
Normal
Sensitive
Other (combination)

Immersion Heater Market Report | Size, Growth, Demand, Scope, Opportunities and Forecast -2030

Immersion heaters are used to heat various liquid substances such as water, oil, chemicals, and at times to stabilize gas that are stored in reservoirs. Immersion heaters are designed to withstand any virtual condition and can be used either in a pure water tank or under any acidic medium. Immersion heaters are used inside in various liquid storage tanks in several industries and in the pressurization of storage containers. Immersion heaters are specifically used for pressure vessel, tank or a pipe body installation purpose.

Immersion heaters are connected through a cable to their own power supply. An immersion heater is an electric water heater in a hot water tank. The working resembles that of an electric kettle using an electrical resistance heater to heat the water around it. The working benefits of an immersion heater over conventional heaters is estimated to drive the market forward during the stipulated period. The main benefit of having an immersion heater is as a backup supply of hot water.

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Immersion Heater: Market Dynamics

Rapid development of environmentally friendly building projects & smart city construction would fuel the growth of the immersion heater market. The market situation is projected to gain traction by ongoing policy initiatives to install energy-efficient heating equipment to reduce carbon emissions and power consumption. The Department of Energy has urged manufacturers to implement innovative heat building technologies that are rated on standby loss and thermal efficiency.

The government has defined stringent regulations related to the output rates of electrical products. In addition, the increasing demand for hot water in domestic applications coupled with the demand for energy-efficient heating systems in commercial applications are set to increase the demand of the Immersion Heater market.

A challenging factor that could pose threat to the rising immersion heater market is the pertaining high cost of these equipment as compared to the conventional heating systems. Also, it is very important to understand as to which type of immersion heater is suitable for residential or commercial use. Choosing the wrong product might result in several mishaps.

Extreme climatic conditions coupled with increasing consumer inclination towards heating systems with reduced power consumption will open up opportunistic avenues for the rising adoption of immersion heater. The market is expected to grow due to increased demand for quick hot water supply.

Immersion Heater: Regional Outlook

North America and Europe are estimated to hold a dominant share in the global immersion heater market during the forecast period owing to regulatory policies that decrease the nature of low-efficiency and environmentally polluting appliances.

Strict environmental measures related to carbon emissions and strong emphasis on fuel-efficient technology would drive the growth of the UK market in this region. Europe is followed by Asia Pacific in terms of market share of the global immersion heater market due to the rapid adoption of these heaters by residential users.

This may be attributed to surging demand for immersion heaters from manufacturing industries in Asian countries such as India, China, South Korea and Japan. Latin America is projected to witness growth in the immersion heater market adhering to growing focus towards ongoing replacement of conventional heating systems will complement the business outlook.

Energy-efficient systems combined with introduction of environmental-related policies would fuel growth in the developing economies such as India, Brazil, Indonesia, Turkey and Thailand.

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Immersion Heater: Market Participants

Some of the market participants of the global Immersion Heater market are as follows:

NIBE
CIRCOR International, Inc.
Chromalox INC
Headway Electric Heat Components CO. Ltd
Hotset GmbH
Phillips & Temro Industries
Warren Electric Industrial Electric Heaters
Thermal Transfer Systems Inc.
Holroyd Components Ltd
Thermal Corporation
Winkler GmbH
Industrial Heater Corporation
Delta MFG
Friedr. Freek GmbH
Tutco Heating Solutions Group
OMEGA Engg.
Zoppas Industries
Tempco Electric Heating Element Corporation
CCI Thermal Technologies

“The research report on Immersion Heater market presents a comprehensive assessment of the market and contain thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. The Immersion Heater market report also contains projections using a suitable set of assumptions and methodologies. The research report on Immersion Heater market provides analysis and information according to market segments such as product type, application and distribution channel.

The Immersion Heater market report covers exhaustive analysis on:

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

Regional analysis includes:

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

The Immersion Heater market 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 Immersion Heater market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Immersion Heater market report also maps the qualitative impact of various market factors on market segments and geographies.

Immersion Heater: Market Segmentation

Based on product type, the global immersion heater can be segmented into:

Over the side Immersion Heater
Flanged Immersion Heater
Threaded/Screw Immersion Plug Heater
Oil Immersion Heaters
Screw Plug Immersion Heaters

Based on application, the global immersion heater can be segmented into:

Chemical and Plastics Industry
Pharmaceutical Industry
Automotive Industry
Marine
Oil and Gas
Others

Based on distribution channel, the global immersion heater can be segmented into:

Offline
Online

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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.

Crude Heater Market: Global Industry Analysis, Size, Share, Growth, Trends And Forecast 2022-2032

During the forecast period 2022-2032, the global crude heater market is expected to grow at a CAGR of 4% to 5%. The increasing introduction of novel flameless combustion emission-free techniques to counter the implementation of stringent government regulations is expected to boost market growth.

A crude heater is a critical component of the refinery industry. Plant managers equip their facilities with advanced, dependable, and long-lasting industrial heating equipment to ensure well-maintained and efficient operations in the oil and gas industry. Heaters for crude oil are required prior to the first stage of compression. Crude heaters are used to ensure better separation properties as well as improve the fluidity of the crude oil.

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Crude Heater Market: Dynamics

The growing demand for efficient and durable crude heaters in the oil and gas industry is considered to be the primary growth driver for the global crude heater market. Owing to the increasing demand for gasoline and fuel, the oil industry is anticipated to witness steady growth in the near future. The continuously increasing demand for refinery products across numerous end-use sectors is a sign for the future demand for high quality crude oil. In order to fulfill the demand for crude oil products, vendors have increased their refinery capacities. For example, in recent years, PDVSA and PETROBRAS have increased their refining capacities. This, in turn, is estimated to propel the demand for crude heaters over the period of forecast.

Manufacturers in the crude heater market have to face some challenges regarding the stringent regulations laid down by governments. In order to reduce VOC (Volatile Organic Carbon) emissions from industries, regulatory legislations laid out by the EU government – REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) – address the production and use of chemical substances such as process oil, and its potential impacts on humans and the environment. The parliaments of other regions such as European nations have banned oil with high content of hydrocarbons, which affects the production of oil in terms of volume, subsequently hindering the growth of the crude heater market.

The ongoing trend gaining momentum in the oil and gas industry is the introduction of the flameless combustion technique by Great Southern Flameless (GSF). This technology was introduced in the glass and steel industry many years before, as both these industries operate at very high temperatures and run at constant steady state conditions, which is considered to be an ideal condition for flameless combustion. The commercialization of flameless fired crude heaters demanded several design features to have a flameless heater operating in the refining environment.

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Crude Heater Market: Regional Outlook

Globalization, population growth, and economic changes have not only contributed to the crude oil industry, but have also led to a rise in the standards of oil and gas services. The increasing number of refinery projects in Europe and the Middle East, particularly Russia, Kazakhstan, Saudi Arabia, and many others, is estimated to propel the demand for crude heaters. These nations have huge oil reserves, which, in turn, surges the demand for crude heaters. Further, Asia Pacific is estimated to be a key opportunistic market, due to the setting up of new refineries to meet the growing demand for new units in developing countries. This may positively impact the global crude heater market during the forecast period.

Crude Heater Market: Key Participants

Examples of some of the market participants identified across the value chain of the global crude heater market are:

Amec Foster Wheeler
Exotherm Corporation\
American Heating Company
C. Broach Company
Thermotech Systems Ltd.
Chromalox, Inc.
Garcem Engineers

The research report presents a comprehensive assessment of the crude heater 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 the crude heater market segments such as geography, capacity, and type of combustion.

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The report covers exhaustive analysis on:

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

Regional analysis includes:

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

The global crude heater market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and 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 segment. The global crude heater market report also maps the qualitative impact of various market factors on market segments and geographies.

Crude Heater Market: Segmentation

The global crude heater market has been segmented by capacity and type of combustion.

By capacity, the global crude heater market is segmented as:

Less than 50,000 barrels per day
50,001 to 1,00,000 barrels per day
1,00,001 to 250,000 barrels per day
Above 250,000 barrels per day

By type of combustion, the global crude heater market is segmented as:

Flame Combustion Crude Heaters
Flameless Combustion Crude Heaters

Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth 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

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