Market Research Blog – Page 9562 – New Product Development

Oil Expellers Market Trends| Segmentation, Outlook, Industry Report to 2028

When used for the food oils extraction, common raw materials are seeds, nuts and algae, which are delivered to the Oil Expellers in a constant feed. As the raw material is pressed in oil expellers, heat is generated owing to friction; for instance, the raw material which requires high pressure such as harder nuts the material can surpass temperatures of 120 °F. Oil Expellers is a mechanical machine for extracting oil from seeds/raw materials. The raw materials are pressed/squeezed under high pressure in a single step.

The demand for oil Expellers is expected to witness significant growth during the forecast period. This steep growth in demand can be accredited to shifting of agricultural operations from manual or animal-based operations to machine based or automated operational methods.

Also, other aspects such as rising urbanization, government initiatives, focus on increasing efficiency and time-saving properties are changing the focus of farmers in investing in mechanization and improving the efficiency is expected to generate the demand for oil Expellers market over the forecast period.

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Oil Expellers Market:Dynamics

The global population is growing at an alarming rate. The population is expected to be more urbanized and prosperous, enjoying better standards of living and diets. A rising need for food products will spur the demand for agricultural products, which will increase the demand for oil Expellers market. In many economies, the government authorities are also providing extensive support to farmers to purchase oil Expellers for better agricultural output, which is also expected to boost the demand of the oil Expellers market in the forecast period.

For instance, the Rashtriya Krishi Vikas Yojana an initiative from the government of India to supports Indian farmers technologically and financially to purchase agricultural equipment at a subsidized price. Many government authorities, as well as the non-governmental organisation, are undertaking initiatives to educate farmers about the benefits of using the machine for the uplifting of farmers and an increase in agricultural output.

However, the Oil Expellers cost is relatively high is anticipated to restrain the growth of the global oil expellers market. Also, however, the current trend to use new and better products for better results will increase the demand for global Oil Expellers market over the forecast period.

Oil Expellers Market: Regional Outlook

The Asia Pacific holds a significant share in the global Oil Expellers market, owing to the substantial growth of agricultural industries in this region. This growth is supported by growing urbanization, improved lifestyle and increasing per capita spending, changing preference towards personal health among the general population. The Asia Pacific is followed by Latin America and Eastern Europe. North America and Europe is projected to exhibit slow growth being a mature market. Rest of the world is estimated to account for a relatively small share of the Oil Expellers market.

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Oil Expellers Market: Market Participants

Some of the examples of the market participants operating across the value chain of the global Oil Expellers market are:

Gobind Expellers Company
Shreeji Expellers Industries
Gagan International
Rajlaxmi Engineering Corporation
Goyum Screw Press
United Oil Mill Machinery & Spares Private Limited
Sharma Expellers Company
Mohit International
Azad Engineering Company

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 exhaustive analysis on:

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

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

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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Smokeless Grill Market – Major Revenue Gains are Expected by 2031

Smokeless Grill Market By Application, By Price, & By Distribution Channels for 2021 – 2031 | Global Sales Analysis and Opportunity – 2031

With developing consumer taste for delicious grilling food like grilled zucchini, steaks, hamburgers, bratwurst, shish-ka-bobs etc. this raises the demand for grill equipment in the market. Besides this, the growing consciousness of sustainability among people all around the world has led them to switch towards energy-efficient grills.

This raises the sales of the smokeless BBQ grill in the market. As a result, the smokeless BBQ grill market is set to witness a steady rise at a CAGR of ~7.1 % during the forecast period.

What is Driving Demand for Smokeless Grill Market?

The rising popularity of outdoor gatherings, family get together, camping and tracking, and even normal house parties are expected to drive the market. Be it an anniversary celebration, birthday parties, family functions, kitty parties or holiday season, grills food find a special place in the food list which is driving the product demand.

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Furthermore, an unusual thing from the daily in-house cooking has increased the demand for grill food as it minimizes the food preparation and cooking time. This makes the grill both expedient and convenient. Additionally, an electric grill provides flavor and texture to vegetables, fruits, chicken and fish, and thereby pushing the demand for smokeless electric grills.

Moreover, outdoor grills or traditional grills caused many health-related issues like lungs infection and other respiratory problems. And, this traditional grill pollutes the environment that mitigates its demand, which has opened the door for the smokeless BBQ grill. The inclination of people towards smoke-free grills helps the players to expand their product portfolio and gain a competitive advantage in the market.

Introduction of Smart Feature Along with the Growing Health Consciousness Likely to Augment Smokeless Grill Sales

The changing lifestyle and growing health consciousness among consumers have motivated them to move towards healthy grilled food. Furthermore, the increasing demand of the people to eat grill food at home has raised the sales of the smokeless indoor grill.

Moreover, the demand for the smokeless electric grill is increasing in the market as many players have launched smart grills in which temperature is displayed on the screen and users doesn’t have to worry about adding charcoal or managing smoke. Furthermore, many advanced features like electronic control, setting cooking duration in advance, and easy to clean features are governing the demand for the smoke-free grill.

The outbreak of Novel Coronavirus on Smokeless Grill Market

The COVID -19 pandemic has brought various vital changes in the food service and electric industry. Due to the COVID-19, many countries closed their foreign boundaries that considerable disturbance in the import and export of grill products. Also, cancellation of gathering events such as wedding ceremonies, parties and others have decreased the product demand.

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The US and Canada Smokeless Grill Market Outlook

The people of the US and Canada are technologically outstanding and have a higher mission for strong advancements with a vision to make life simpler. And that is why the uses of electrical appliances include electric grill are increasing among the people of the United States and Canada. The reason behind using this electric grill is it not required wood or coal to heat which save a lot of time for heating.

Furthermore, people of the US and Canada like grill meat most. They prefer to add grill food to every small party. There is an ultimate opportunity for the gourmet chef, caterer, baker, and entrepreneur or event planner to use such electric smoke-free grills which are light in weight and promote hyper convenience to the user. Also, this grill does not cause any type of pollution.

Europe Demand Outlook for Smokeless Grill

People of Europe are more attracted towards the grilled food like Leskova?ki roštilj, Fatányerós, Khorovats, and Shashlik. This habit increases the grill food stalls in the region which is expected to fuel the demand for the smokeless grill in the next few years.

Moreover, the increasing popularity of grilled food along with changing lifestyle and eating habits in developed countries including Germany and Italy is expected to drive the market growth. Additionally, the increasing trend of having cookouts and grilled food on weekends and holidays, bodes well for the demand for the product, especially among the young, middle class, working population.

Key Segments

By Application:

Home
Cafe
Hotels
Other

By Price:

Under US$20
US$20-US$50
US$50-US$80
US$80- US$110
US$110 & above

By Distribution Channels:

Direct Sales
Hypermarkets/ Supermarkets
Specialty Stores
Online retailing
Others

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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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Delta Robots Market: Key Players, Applications, Outlook, SWOT Analysis And Forecasts By 2028 | FMI

The Delta robots are a type of parallel robots, having three arms attached to a joint at the base. These robots are also called spiders owing to their agility and spider-like arms. Delta robots are frequently used in picking and packaging applications in various factories. They can be used to execute more than 300 picks per minute. Delta robots were initially developed for limited pay load or for packaging applications.

Moreover, if we talk about developed countries of North America and Europe, higher demand is expected to be witnessed from assembling industries where delta robots are required to increase the efficiency and overall output. Japan is also going to hold a significant share in the global delta robots market, primarily due to higher adaptation of new and automated technologies in the country.

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That apart, these robots also help in maintaining the required hygiene standards. Hence, these significant features of delta robots will create significant demand for them in near future.The global market for delta robots is expected to witness robust growth in the Asia Pacific region over the coming years. This can mainly be attributed to the growing packaging and assembling sectors of the region.

Market Participants

Names of some of the manufacturers involved in the manufacturing of delta robots are:

ABB
Codian Robotics
FANUC Europe Corporation S.A
Omron Corporation
Kawasaki Heavy Industries
Penta Robotics
Maxon Motor
Cama Group
Estun Automation Co., Ltd
Robert Bosch GmbH

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The report covers exhaust analysis on:

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

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Global Delta Robots Market: Segmentation

The global market for delta robots can be segmented on the basis of dimensions, end use and region.

On the basis of dimensions, the global delta robots market can be segmented as:

2D Robot
3D Robots
4D Robots
5D Robots
6D Robots

On the basis of end use, the global delta robots market can be segmented as:

Food & Beverages Industry
Packaging Industry
Medical & Pharmaceutical Industry
Electrical & Electronic Industry
Others

On the basis of region, the global delta robots market can be segmented as:

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

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Platform Lifts Market: Worldwide Industry Analysis and New Market Opportunities Explored By 2028: Says FMI

Platform lifts are used in both indoor and outdoor application in residential and commercial buildings. Platform lifts are primarily designed to give reasonably priced access to people who have difficulty with a staircase. These platform lift are available in the market with different size and shape according to the application. Platform lifts are installed in low rise buildings where passenger lifts are not available. Each platform lifts has different advantage depending on the installed area and the functionality of the lift in the needed area.

Platform lifts provide access to different levels such as transporting injured people, moving goods and merchandise, equipment and people that need medical attention amongst others. Platform lifts are able to carry lot of weight while retaining its speed and safety with high efficiency. Platform lift does not require a lot of space and is easily accommodable in less than 2 sq. feet of space.

The compact nature of platform lift makes them suitable to be installed in low space areas. Platform e lifts are mainly operated through three mechanisms: guided chain driven, hydraulic driven, and screw driven. All of these mechanisms do not pose any risk to the user and are safe to use. Platform lifts market offers substantial growth opportunities for the new entrants and existing players in the market.

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Regional outlook

North America is expected to remain platform lifts market frontrunner over the forecast period. High installment of platform lifts in residential and commercial building in U.S. and Canada is expected to deliver high growth for the platform lifts market. Europe platform lifts market is estimated to gain high traction as government in European countries raise new standards for the safety requirement of the platform lift. The factors such as increasing purchasing power of people, developing infrastructure, and improved consumer sentiments are altogether driving the quality of living people, which in turn, increases the demand for platform lifts.

Large number of platform lift manufacturers are setting up their manufacturing units across the India and China, and this is expected to upsurge the demand for platform lifts on domestic level. Manufacturers in Japan are focusing on product innovation to develop new and advanced products and advancement of manufacturing techniques to cater to the demand from respective end customers. Latin America and Middle East is also expected to deliver positive growth in platform lifts market, over the forecast period.

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

Consumer inclination towards leisure facilities has increased substantially in the last few years due to high growth in the disposable incomes in the developed as well as in the developing countries. The recent trend observed in the platform lifts market is that the better customers are treated the more they tend to spend and there are higher chances of their return. Therefore, global retailers are focusing more on enhancing the customer experience in their stores. The global population of 60 years and older people is expected to witness very high growth and is expected to nearly double from 12% in 2015 to 22% in 2050.

This will also accelerate the demand for platform lifts in the global market. Government authorities all over the world are also focusing to uplift the community of disable peoples. According to Disability Discrimination Act 1995, it is mandatory for every cinema, museum, restaurant, hotel, and other leisure facilities to have easier access in every area for people with walking difficulties and who are using wheelchairs. Such rules and regulation will also contribute to upsurge the demand for platform lifts.

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Platform Lifts Market: Key Market Players:

Examples of some of the market participants in the global platform lifts market identified across the value chain include

Dover Corporation
Express Lift
Fujitec Co. Ltd.
HyundaiElevator
Mitsubishi Electric
SchindlerElectric
Otis Elevator
Kone Motala
ThyssenKrupp

The platform lifts 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 platform lifts research report provides analysis and information according to market segments such as geographies, application, and industry.

Report Highlights:

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

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Pillow Holder for Tablets Market – Business Opportunities and Global Forecast to 2031

Millennials are more attracted towards pillow holder for tablets because the luxury lifestyle influences them to adopt such pillows. Furthermore, the increasing usages of tablets and iPad along with the growing problem of tech neck are the prominent factors for the development of the market. As a result, the pillow holder for tablets market is set to witness steady growth during the forecast period.

What is Driving Demand for Pillow Holder for Tablets Market?

Pillow holder sales have seen a boom over the recent years because it is the safest holder to hold smart gadgets. This pillow is generally made from polyester material which makes it long-lasting and durable. Also, these pillows are washable so users do not need to worry to take this pillow while travelling. These are the major factor driving the market.

Moreover, many players launched multipurpose pillows to gain a competitive advantage in the market. For instance, Kawachi designed a pillow that can transform from a normal pillow to an iPad or tablet holder pillow within no time. It fits almost all tablets including kindle fire, Samsung galaxy note, iPad mini, iPad and many more. This influencing other players to launch such pillows across the world.

However, the coronavirus pandemic has led to the closure of retail stores has exhibited a negative impact on the market. But with the online distribution channel somehow the market is getting back on track during the second wave of the pandemic.

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Due to the COVID-19 impact and imposition of restrictions by the government coupled with social distancing norms has closed movie theatre. So people started watching movies and TV shows on their tablets and iPad. Also, many people developed the habit of reading e-novels and e-journals which raises the demands of pillow holder for tablets during the pandemic.

Neck Pain due to Use of Tablets Likely to Augment Pillow Holder for Tablets Sales

Increasing pain in the neck and shoulders, also, sometimes in the lower back even in young kids and teens due to looking down at tablets, cell phones, or other smart devices for too long and too frequently. This encourages people to use pillow holder for tablets and smart gadgets to feel better increases the sales of the pillow holder for tablets all around the world.

Furthermore, growing demand for pillow holder for tablets from tablet accessories coupled with the increase of e-commerce supply channels is expected to drive the pillow holder for tablet market during the forecast period as it allows the customer to purchase these pillows easily from their desktop and handheld devices. Many players equipped small pockets on this pillow to store chargers, earplugs and headphones to attract more customers.

The US and Canada Pillow Holder for Tablets Market Outlook

The US and Canada hold the maximum market share of pillow holder for tablets during the forecast period. As technology continues to evolve in the region, desire to have all smart accessories that make use of tables easier. So, one of these accessories includes a tablet pillow. As many people faced problem, finding the perfect place for tablets and iPad might be incredibly frustrating many times. So, this smart pillow is a better option for them.

People in the region prefer this pillow to hold their tablets than other metal stands because the chances of damages the screen of smart gadgets are minimum in this pillow. The metal stand holds the screen from its edges so scratches and marks of grip are appeared on the screen, so people avoid such holders.

In pillow holders, the user just needs to place their smart devices on a soft surface. Also, these pillow pads are light in weight and having different viewing angles, which make this pillow to use during travelling and business.

Europe Demand Outlook for Pillow Holder for Tablets Market

The growing population in the European countries includes France, U.K and Germany have contributed to the overall market growth. Many players in the region design pillow according to end-users.

For instance, the uses of smart gadgets like iPad, tablets and also reading novels or books are more common among the kids in the region. So, many players introduced pillow holder for tablets with the design of spider-man, the avengers, Minnie mouse and other cartoons to attract more kids to the market.

Furthermore, many players launched pillow holder that can accommodate tablets in both portrait and landscape positions, this makes the pillow great for when users are conducting business & streaming shows for pleasure.

The demand for this is more in the region because it is great on lap, in bed, holding tablets for recipes in the kitchen and on the sofa set. It offers a comfortable and stable experience to the user wherever they require to hold their tablet.

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Who are the Key Manufacturers and Suppliers of Pillow Holder for Tablets Market?

Some of the leading manufacturers of pillow holder for tablets include

Kawachi Group.
Future US
Inc.
Creative Manufacturing
LLC
BSCSTORE INC.
Autodesk
Inc.
iBeani
IPEVO Inc.
getflippy
and many others. Also
some of the suppliers include SIA Joom
SENIORITY.IN.
Barnes & Noble Booksellers
Inc.
and Target Brands
Inc. among other.

Many leading manufacturers and suppliers are focusing on a rising trend of mergers, acquisitions, partnerships and expansions. Many key players are trying to grow their sales by expanding their business portfolio by collaborating with e-commerce supply channels like Flipkart, e-bay, amazon and others.

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DC Switchgear Market growing at a 7.1% CAGR during the forecast period 2022-2032 | FMI

The size of the global DC switchgear market is projected to reach about US$ 14,058.4 Mn by 2022’s end, with a year-over-year (Y-o-Y) growth rate of 6.9%. Additionally, the market is anticipated to grow at a strong CAGR of 7.1% between 2022 and 2032, surpassing a valuation of US$ 27,963.7 Mn by 2032, due to the rise in energy consumption globally and the growing demand for DC switchgears in a variety of applications.

A group of elements used in the grid to control fluctuation is known as DC switchgear. It is used in many different applications, including battery storage, railroads, and ships. The global switchgear market’s total share of the DC switchgear market is roughly 18.1%.

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However, the DC switchgear market study finds that the demand for rail transportation is steadily expanding. Short-distance air travel can be replaced by high-speed rail. But significant investment in the power supply network is required to operate high-speed railways economically. As DC switchgear is an essential component of DC substations, opportunities for players in the DC switchgear market are anticipated to rise.

Solar, wind (onshore and offshore), biomass, hydropower, and geothermal power plants are all rural areas and DC switchgear companies use HVDC systems to connect such far-flung power-producing sources and reduce transmission losses with long-distance power transmissions.

In new or under development projects, combining renewable power generation sources with HVDC transmission connections is becoming more common. These necessitate frequent and consistent monitoring of the entire system to ensure minimal losses and fault protection. Switchgear is required for the proper operation of HVDC converter stations. As a result, the factor presents a lucrative DC switchgear market opportunity for makers.

Multiple hurdles, such as adverse environmental conditions, demanding laws, and technical concerns, are linked with installing upgraded DC switchgear; all of which constitute a danger to any nation’s economy. Smart gadgets help any power supply system run smoothly, but they can also be a security risk due to anti-social forces.

When passing through the security on remote access, data theft, or security breaches could occur, resulting in blackouts and power outages. Substations, of which DC switchgear is a part, require a multi-layer shield to protect its cyber security, which could impede the growing demand for DC switchgear.

Key Takeaways:

The contribution of the railway segment is projected to be the most during the forecast period.
Sales of DC switchgear with a capacity of 750 V are anticipated to remain the highest, as end-users seek high efficiency.
The DC switchgear market size in the United States is expected to grow by more than 5% by 2025. The same can be attributed to government initiatives to replace and upgrade existing distribution networks.
By installation, the outdoor installation segment is expected to have a large DC switchgear market share due to its ability to withstand harsh climatic conditions while also providing reliable and cost-effective operations.

“Asia Pacific is anticipated to have a major share of the global switchgear market, owing to increased investments in the railway sector and the incorporation of renewable energy sources, particularly in countries like Australia, India, China, and Japan. The presence of a large potential for large industrial plant construction, combined with rapidly developing residential and commercial sectors, is also expected to increase the demand for DC switchgear and contribute to regional growth.” opines an FMI analyst.

Competitive Landscape:

A few key players in the DC switchgear market are Toshiba Infrastructure Systems & Solutions Corporation (Japan), Siemens (Germany), Hitachi Energy Ltd. (Japan), ABB (Switzerland) and Eaton (Ireland), L & T (India), Lucy Electric (UK), Hubbell Incorporated (United States).

DC switchgear companies use different strategies to acquire a high share in the DC switchgear market. Some of the key strategies in DC switchgear market include contracts and agreements, investments and expansions, partnerships, collaborations, alliances, and joint ventures.

MHI Vestas Offshore Wind has agreed to supply high voltage switchgear by 2022 with Mitsubishi Electric Europe B.V. and Taiwanese manufacturer Shihlin Electric Co.
Eaton has announced the acquisition of Switchgear Solutions, Inc., a pioneer in innovative switchgear solutions, in the United States to introduce advanced medium voltage products in North America. Customers would benefit from this acquisition as it would provide compact, low-maintenance, and highly configurable solutions.

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Global DC Switchgear Market by Category

By Component Type:

Power Distributor Switch Breaker
Switch Disconnector
MCCB
MCB
HRC Fuse
Earth Fuse

By Voltage Range:

Up to 750V
750V to 1800V
1800V to 3000V
3000V to 10,000V
Above 10kV

By Insulation Type:

Air Insulated
Gas Insulated
Oil Insulated
Vacuum Insulated
Solid Insulated

By Deployment Type:

Fixed Mounting
Plug-In
Withdrawable Units

By Application:

Railways
Solar Farms
Battery Storage
EV Charging Infrastructure
Marine
Power Generation and Distribution
Others

By Region:

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

About Future Market Insights (FMI)

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

Contact Us:

Future Market Insights, Inc

Unit No: 1602-006

Jumeirah Bay 2

Plot No: JLT-PH2-X2A

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Dubai

United Arab Emirates

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Growing Demand For Corrosion-Resistant Pumps To Drive Market Potential In The Commercial Booster Pumps Industry

The global commercial booster pumps market is currently at $5.41 billion and is expected to be worth $10.06 billion by the end of 2030. Worldwide exports of commercial booster pumps are expected to expand at an 8.1 percent CAGR from 2022 to 2030.

The report offers a comprehensive market overview, offering insights into the prevalent factors. Some of the key takeaways from the report are highlighted below.

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Key Takeaways from the global commercial booster pumps market study:

Commercial booster pumps are dominating traditional pumping systems owing to its features of live monitoring and controlling, easy installation, and vibration-free operations.
Customized booster pumps having increased efficiency are attracting end-use industries such as aerospace, mining, and food processing
Both East Asia and Europe have emerged as lucrative markets for commercial booster pumps. In South Asia, the market will witness high demand from countries such as India and Thailand owing to the increasing investments made by the governments towards the development of water infrastructure
Growing applications in end use industries has created a significant demand for customized booster pumps as per the specific use in the industry. Fewer moving parts, no valves or seals are some of customizations preferred across industries

“The increasing demand for water has led to a positive development in different water technologies which have made the commercial booster pumps industry competitive. Consumers are also looking for corrosion and chemical-resistant pumps for application across various end-use industries. Hence, booster pumps are gaining traction across various end use industries and are creating positive prospects for the market growth.” says FMI analyst.

Covid-19 impact analysis:

The ongoing pandemic has put a dent in the global economy causing many economic activities to come to a halt. This has also caused a significant plunge in the commercial booster pumps market growth. Many challenges are encountered in the areas of the supply chain, communication, imports and exports, tariffs, and currency fluctuations.

These challenges have created an unstable economic environment and a negative impact on the growth of the booster commercial pumps market. However, as the economic activities are slowing resuming, the commercial booster pump market is also expected to witness a sharp recovery.

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Commercial booster pumps market competitive landscape:

The Commercial Booster Pumps Market is moderately consolidated, in which the leading players account for more than one third of the market share. The penetration of small regional players will make this market more competitive in the forecast period. Some of the key players in the market are Grundfos, Xylem Inc., KSB SE & Co. KGaA, Flowserve Corporation, Sulzer Ltd., WILO SE, Gorman Rupp Pump Company, Torishima Pump Mfg. Co., Ltd. among others. These players have higher shares in the global market, and have longstanding relationships with a number of leading end users, giving them an upper hand among their peers.

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CHP Market Is Anticipated To Reach A Market Value Of US$ 3,876.5 Million Between 2022 And 2032

A CAGR of 6.4 percent is predicted for the global CHP market, which is projected to reach a market value of US$ 2,091.6 Million in 2022. During the forecast period of 2022–2032, the market is anticipated to surpass a market value of US$ 3,876.5 Million.

Government regulations regarding greenhouse gas emissions and the emergence of new technologies, such as absorption chillers that effectively convert heat into cooling, are expected to propel the market for combined cooling, heat, and power (CHP) plants over the course of the forecast period. In the historical period from 2016 to 2021, the market for CHP experienced a CAGR of 5.5 percent.

Trigeneration, also known as cooling heat and power together, is a process that uses the heat from a combined heat and power plant to produce cooling energy for a refrigerator and air conditioner. It is the most cost-effective and environmentally friendly method of producing heat, cooling, and electricity, making it the best option for businesses with high cooling needs.

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A chiller, heat exchanger, gas engine, and electricity generator make up a combined cooling, heat, and power plant. Greater efficiency, or the ability to produce different types of energy from a single fuel source, such as electrical energy, heat energy, and cooling energy, is another of CCHP’s key advantages.

CHP Market Competition

Some of the major players in the market are

GETEC heat & power AG
Peter Brotherhood Ltd.
Clarke Energy
Siemens
ABB
AGO AG Energie + Anlagen
MAN Diesel & Turbo SE
M-Trigen
O’Hair Shutter Ltd
Grastim Energia
Biomass Power
International Coil Ltd.

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Manufacturers and distribution channels are currently engaging in a number of strategic partnerships and collaborations in the CHP market.

To demonstrate a hydrogen-fueled combined heat and power (CHP) system, Minnesota-based District Energy St. Paul and Caterpillar Inc. announced a three-year project in May 2022. The National Renewable Energy Laboratory and the U.S. Department of Energy both support and partially fund the project. The company will be able to evaluate additional hydrogen fuel options for an existing energy-efficient engine thanks to this hydrogen demonstration project, opening up new opportunities for assisting our customers in achieving their climate-related goals and objectives.
Caterpillar CHP systems simultaneously produce electricity and heat, improving overall efficiency and lowering exhaust emissions. Power and heat from the demonstration project will be integrated into District Energy St. Paul’s electrical and thermal infrastructure in order to evaluate the potential of a hydrogen-fueled CHP system under actual operating circumstances.

Booming Start-ups

Attributed to the presence of a very highly competitive scenario, various new startups are entering the market space with their own set of innovations. Let’s consider a few examples-

ClearCell Power is a US-based startup that offers turnkey alternative energy solutions. The startup’s PureCell system combines energy production with heat recovery. The fuel processor converts natural gas to hydrogen to feed the fuel cell stack. Then, an electrochemical process combines hydrogen and air to produce electricity, water, and heat. As a result, the solution’s heat recovery system heats water in the facility for different purposes.
Enexor Bioenergy is a US-based startup that provides onsite, renewable energy solutions. The startup’s Bio-CHP system uses organic waste and plastics to provide continuous renewable energy. The solution also directs waste heat to produce hot water or steam, replacing fossil fuel use for onsite boilers. The system is designed to operate in humid and salty environments, typical of island nations.
Polish startup Lerta develops diverse renewable energy solutions. The startup installs CHP units for industrial clients, enabling savings in energy costs. Lerta also provides automated energy management and virtual power plants to improve energy efficiency and frequency stability. The startup also offers residential solar power plants to help homeowners offset rising energy prices.

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Key Segments Profiled in the CHP Industry Survey

CHP Market by System Type:

Smaller CHP System (less than 5 MW)
Medium CHP System (5 MW to 20 MW)
Large CHP System (above 20 MW)

CHP Market by Technology:

CHP Reciprocating Engines
CHP Turbines
CHP Fuel Cells

CHP Market by Chiller Type:

Absorption Chiller
Engine Drive Chiller

CHP Market by Application:

CHP for Industrial Applications
CHP for Commercial Applications
CHP for Institutional Applications

CHP Market by Region:

North America CHP Market
Latin America CHP Market
Europe CHP Market
Asia Pacific CHP Market
Middle East & Africa CHP Market

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North America Continue Dominance in the Global Micro CHP Market – Future Market Insights

The North American micro CHP market is slated to essay tremendous growth with public and private entities investing excess funds to deliver boosted power to industrial units with the help of sustained power-generating sub-units. As per Future Market Insights, the region is poised to hold 41% of the total micro CHP revenue share in 2022.

Furthermore, constant government prodding and incessant funding for greenhouse development coupled with low power runs and high interoperability will help the market to abundant growth.

The global micro CHP market is predicted to reach US$ 1 billion in 2022. Growth in the energy sector will be fueled by high efficiency, decreased fuel consumption, and increased power manifestations across applications, as well as strict regulation. The overall demand for micro CHP is predicted to grow between 2022 and 2032 at a CAGR of 7.2 percent, reaching about US$ 2.0 billion by that time.

The generation of heat in the residential and commercial sectors to support energy-efficient systems with waste heat generation is the overarching driving force behind the micro CHP system. Another factor propelling the micro CHP market is the reduced need for maintenance and operations.

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Micro CHP, which has a capacity of 10 to 50 kW, is regarded as a growing technological innovation because it combines heat generation and sustenance with energy efficiency, helping to streamline market estimates. Technology-driven sustained heat production in educational institutions, military installations, and medical facilities contribute to the industry’s ongoing expansion.

A recent uptick in the use of energy-efficient products and fervent domestic energy resource utilisation is imminent. The efficiency of micro-cogeneration (m-CHP) systems is higher than that of typical conventional electrical power generation, which makes them more important in reducing environmental leakages, conserving energy, and drastically lowering overall heating and electrical costs. The micro CHP industry is prepared with natural gas and LPG as the main heat source and is anticipating a sustainable ecosystem. Environmental eco-friendliness, cost-effectiveness, and anti-corrosive output will likely prove to be factored in the industry’s growth.

Key Takeaways from the Market Study

Stirling engine-based micro CHP industry size is projected to observe over 8% CAGR through 2032
From 2017 to 2021, demand for micro CHP experienced noteworthy expansion, clocking a CAGR of 6.7%
By fuel, oil-fuelled micro CHP systems sales to proliferate at a 6.7% CAGR until 2032
Gas-fuelled micro CHP to acquire surging popularity, forecast to grow at a 6.5% CAGR
North America to account for more than 2/5^th of global micro CHP market revenue in 2022
The Asia Pacific is one of the most promising markets, recording a 7% value CAGR

“With the growing infusion of capital from the private and public sector and lying at the forefront a favourable climate for pursuing tech upgrades, abetted by strict governance in reducing climate extremities, work upholds in unison for uplifting growth in the micro CHP market”, remarks the FMI analyst.

Competitive Landscape

Strategic alliances, agreements, mergers, and acquisitions are relied upon by major players in the micro CHP sector, and they will have a positive impact on the market trend. Additionally, keeping players satisfied involves introducing new product lines. Here are a few notable examples:

As a principal manufacturer of high-efficiency heating and renewable energy systems, Viessmann offers on display comprise a complete range of heating solutions designed for today, that meet the energy challenges of tomorrow. All of our products are designed with the future in target, and built to last so you can enjoy many years of worry-free home comfort. Viessmann also offers mobile and smart home solutions to add control and convenience, so you can save time and money and help reduce the environmental effect.
For providing micro CHP (micro combined heat and power), Axiom Energy Group generates heat and derives electricity on site. Plus, these systems are used in heating homes, commercial buildings and heating pools. Generating electricity on-site helps save money. Micro CHP systems of Axiom are powered up by a liquid-cooled internal combustion (IC) engine with operating fuel as propane or natural gas.

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Key Segments Covered in the Micro CHP Industry Report

Micro CHP Market by Capacity:

Micro CHP less than 2kW
Micro CHP from 2 kW to 10 kW
Micro CHP from 10 kW to 50 kW

Micro CHP Market by Fuel:

Natural Gas & LPG-powered Micro CHP
Coal-powered Micro CHP
Renewable Resources-powered Micro CHP
Oil-powered Micro CHP
Other Fuel-powered Micro CHP

Micro CHP Market by Prime Mover:

Stirling Engine-based Micro CHP
Internal Combustion Engine-based Micro CHP
Fuel Cell-based Micro CHP
Other Prime Mover-based Micro CHP

Micro CHP Market by Application:

Micro CHP for Residential Applications

Space Heating/Cooling
Water Heating
Cooking
Lighting
Others

Micro CHP for Commercial Applications

Educational Institutes
Office Buildings
Healthcare Buildings
Others

Micro CHP Market by Region:

North America Micro CHP Market
Latin America Micro CHP Market
Europe Micro CHP Market
East Asia Micro CHP Market
South Asia Micro CHP Market
Oceania Micro CHP Market
The Middle East & Africa Micro CHP Market

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More Insights Available

In its latest offering, FMI provides a frank analysis of the global micro CHP market, including historical data from 2017 to 2021 and projected figures for the years 2022 to 2032.

The study offers a thorough examination of the market across seven major regions based on capacity (Less than 2KW, 2-10 KW, and 10-50 KW), fuel (natural gas & LPG, coal, renewable resources, oil), and prime mover (Stirling engine, internal combustion engine, fuel cell, and others) (North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East & Africa).

FMIs Domain Knowledge in Industrial automation

By assisting you in comprehending how the most recent influencers account for operational and strategic transformation in the industrial automation sector, our team of experts in industrial automation supports organisations at every stage of their business strategy. Our experience identifying the trends and challenges affecting the global industrial automation industry offers invaluable insights and support, encasing a strategic perspective that aids in helping you pinpoint pressing problems and come up with workable solutions.

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Metal Recycling Equipment Market – Between 2022 and 2032, Western Europe is anticipated to hold a sizable share of the global market for metal recycling equipment, according to Future Market Insights.

3D Laser Scanner Market – Europe is the most lucrative region in terms of revenue, holding close to 30% of the market for 3D laser scanners. Due to the application of 3D laser scanner technology in the field of palaeontology, European countries are anticipated to hold significant opportunities. With the aid of this technology, scientists are investigating how plants and extinct animals coexisted during the Jurassic era.

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

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Paint Knife Market – Major Revenue Gain is Predicted by 2031

The paint knife market is gaining popularity due to its various application. The artist not only uses a paint knife to mix the paint but also, use to create stunning effects in the art which is not possible with a brush. As a result, the paint knife market is set to witness a steady rise during the forecast period.

What is Driving Demand for Paint Knife Market?

Painting knifes are economical, highly efficient and used for various applications. With the wide applications of the painting knife, it is gaining marketing popularity. Panter uses these knifes for building up a thick texture in the painting and also, it is easy to create a broken color effect with this knife.

Increasing the infrastructure development and construction activities drive the painting tools market including paint knife around the globe. The construction industry and the painters are the prominent buyer of paint knife in the coming years.

Furthermore, with the trend of urbanization and changing lifestyle, people are demanding more for visibly striking textures in the commercial and residential buildings, this also fuels the global market of paint knife during the forecast period.

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Factors that Likely to Augment Paint Knife Sales

The global paint knife market is increasing at a rapid pace. Many regional and domestic players are offering different types of paint knife at different rates due to the increase in the competition in the market.

Mass urbanization, economic and social development, mainly from developing economies are expected to boost up the paint knife market expansion. Also, it is very easy to clean a paint knife with a paper or cloth towel in a single wipe, that is why most canvas painters demanding a paint knife.

However, during the COVID-19 pandemic, the industry supply chain was standstill due to strict lockdown imposed by the government. This led to supply shortages and consumer demand unmet.

Nevertheless, e-commerce platforms have received considerable focus during this time. People are doing work from home and children are studying from home. They get time for their hobbies during the pandemic. People ordered painting products including paint knife through online supply channels. Paint knife sales have increased in line with this shifting trend.

The US and Canada Paint Knife Market Outlook

The US and Canada hold a significant market share of paint knife in the next ten years. People of the region mainly children uses this painting knife to paint the highlights on stones and rocks also, build up texture in the foreground to imitate the rocks, grass and other nature.

Furthermore, some American artists who make skilful use of the palette knife in their paintings are Ray Grimes, Krista Schumacher, Tibor Nagy, Brent Cotton etc. They show their talent on the social media platform which inspired other people to paint with knife. These are some factor that increases the sales of the painting knife in the region.

Europe Demand Outlook for Paint Knife Market

People of Europe mainly use paint knife in oil paint or acrylic paint for mixing the color or to transfer paint to a canvas. These knifes have a soft edge, so it is not damaged the canvas and paper sheet. Also, children artists can use such knifes easily.

Furthermore, the diverse shapes and sizes open up a range of opportunities to the artists for applying acrylic paint to the canvas, giving shape to the applied paint and mixing color on the knife.

Also, paint knifes with wooden handles are perfect for professional artists, art teachers, art students and creative hobbyists. These knifes are a great assortment for mixing, scumbling, scratching, spreading, murals, large paintings, theatre work. This application increases the sales of the product in the region.

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Who are the Key Manufacturers and Suppliers of Paint Knife Market?

Leading players of the paint knife are looking forward to mergers & acquisitions and strategic collaborations to increase customer base around the globe. Some of the leading manufacturers and suppliers of paint knife include

RGM
Liquitex
Royal Talens
Pen Store
Honoson Inc
U.S. Art Supply.
Martin F. Weber Co.
Thackery Handmade
LLC.
BLACK+DECKER Inc.
Fiskars Group
Anhui Sunshine Stationery Co.
Ltd. and many others.

Key Segments

By Application:

Artist
Art Student
Art Lovers
Other

By Price Range:

Low (Under-US$8.99)
Medium (US$10.93-US$17.99)
High (US$20.55 & above)

By Distribution Channels:

Direct Sales
Specialty Stores
Hypermarkets/ Supermarkets
Online retailing
Others

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