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Further, ceiling cassettes are classified to their product type which could be either ductless ceiling cassettes or ducted ceiling cassettes.  Ceiling Cassettes are employed in the heating, ventilation, and air conditioning (HVAC) systems to provide exceptional coverage, and they are energy efficient. Ceiling Cassettes are used in a huge array of applications, such as residential, commercial and industrial. As the name suggests, ceiling cassettes are wall mounted and can be customized as one-way, two way or four-way, according to requirement.

Technological advancements, such as ceiling cassettes can be controlled and managed from a remote location via applications on devices such as smartphones, tablets or computers or even via smart assistants, such as smart thermostats, deployed in a household. Most ceiling cassettes are eco-friendly with integrated low power consumption standards. More than ever before, these smart HVAC systems have increased the demand for ceiling cassettes.

This, in turn, drives the demand of the ceiling cassettes market. Further, digitalization and electrification are a couple of other factors attributing towards the growth of the market. Compact design, easy installation, easy operation, and high process reliability are other factors driving the global Ceiling Cassettes market.

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With adverse changes in climate, and need to pace up the energy saving requirements proposed by the UNFCCC (United Nations Framework Convention on Climate Change), there has been increasing demand of HVAC systems that can offer both high performance and comfort. Contractors and manufacturers are aiming to introduce compact and lightweight products for easy installation and maintaining a comfortable environment.

Ceiling cassette market is expected to be driven by a number of government organizations that are taking initiatives to develop smart cities with efficient and ecological climate control. In addition, the rising use of smart technology and IoT is helping countries adopt the smart city concept. With the inclination towards the development of smart cities, construction activities will increase, which will lead to the growth of the smart home solutions market, and consecutively driving the demand for ceiling cassettes. Increasing building automation is another factor contributing towards the growth of the ceiling cassettes market. Integration of other technologies such as Bluetooth and RFID for HVAC system control could create growth opportunities for the ceiling cassettes market.

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On the flip side, the lack of resources and technological awareness could hinder consumer transition from using a simple conventional air conditioner to smart air conditioner, thereby challenging the demand for ceiling cassettes.

Ceiling Cassettes Market: Regional Overview

Geographically, the Ceiling Cassettes market is segmented into North America, Latin America, Western Europe, Eastern Europe, China, Japan, India, Middle East and Africa, and South East Asia and Pacific. China, being the electronics manufacturing hub, leads the ceiling cassettes market. The South East Asia and Pacific market is expected to follow China in terms of its market growth rate, during the forecast period. The growth in the SEA and India market is attributed to the rising maturity in the electronics industry. North America and Western Europe are expected to witness significant demand over the forecast period owing to the implementation of a number of energy efficiency legislation and programs. Also, replacement and retrofit of ceiling cassettes are expected to contribute towards the growth of the ceiling cassettes market in developed countries. Moreover, tropical regions, such as the Middle East and Africa to see the notable demand for HVAC systems due to global warming, thus driving the demand for ceiling cassettes in the region.

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Global Ceiling Cassettes Market: Key Players

Examples of some of the key players operating in the global Ceiling Cassettes market:

• Mitsubishi Heavy Industries Air Conditioning Europe, Ltd.
• Hitachi, Ltd.
• LG Electronics
• Friedrich Air Conditioning
• Lennox International Inc.
• O.Y.L. Manufacturing Company Sdn. Bhd
• Modine Manufacturing
• Carrier Airconditioning & Refrigeration Ltd.
• Airwell
• Johnson Controls
• Systemair AB
• AERMEC S.P.A.
• Airedale Air Conditioning

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

The report covers exhaust analysis on:

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

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.

Global Ceiling Cassettes: Market Segmentation

On the basis of product type, the global Ceiling Cassettes market has been segmented as:

• Ducted Ceiling Cassettes
• Ductless Ceiling Cassettes

On the basis of capacity, the global Ceiling Cassettes market has been segmented as:

• Below 5.8 kW
• Between 5.8 to 14 kW
• Above 14 kW

On the basis of application, the global Ceiling Cassettes market has been segmented as:

• Residential
• Commercial
• Healthcare
• Hospitality
• Retail and offices
• Others
• Industrial

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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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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In contrast to the US$ 383.8 Bn recorded in 2021, the market for consumer appliances is predicted to reach US$ 539.9 Bn by the end of 2029. The market is expanding as a result of rising demand for cutting-edge, creative technologies that make carrying out daily tasks easier.

According to a recent survey by Future Market Insights, sales in the global market for consumer appliances are expected to grow at a 4.3% CAGR from 2022 to 2029.

According to FMI, Europe is expected to continue to be the most lucrative consumer appliance market, accounting for almost 25% of total sales through 2031. Between 2022 and 2029, it is predicted that the U.S., Germany, China, and India will become extremely profitable markets.

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2014-2021 Consumer Appliances Market Outlook in Comparison to 2022-2029 Growth Forecast

Over the past few years, the consumer electronics industry has witnessed rapid transformation with the launch of novel appliances such as food processors, kitchen appliances, home appliances, and others. Driven by this, the global consumer appliances market totaled US$ 383.8 Bn in 2021, growing at a CAGR of 3.9% between 2014 and 2021.

Increasing availability of devices enabling automation of day-to-day activities is drastically changing consumer preferences from general single-purpose electronic products to multi-purpose smart devices.

As a result, leading consumer appliances manufacturers are increasingly focusing on developing novel multi-functional appliances devices to meet the surging demand. Driven by this, the sales in the global consumer appliances market are anticipated to spur at a CAGR of 4.3% during the forecast period.

Demand for advanced consumer appliances products and connected devices such as smart kitchen appliances is rapidly increasing in the household sector owing to surging investment towards building smart homes across developed countries such as the U.S. Germany, and Japan. This also is favoring the growth in the market.

Against this backdrop, key players in the market are increasingly investing in research and development activities for launching novel devices integrated with technologies such as artificial intelligence and the internet of things.

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Consumer Appliances Market by Category

By Product Type :

• Kitchen Appliances
  • Refrigerators
  • Ranges and Ovens
  • Microwave
  • Conventional Grill
  • Dishwashers
  • Chimneys
  • Electric Stove
  • Induction Cooktops
• Small Appliances
  • Hair Dryers
  • Irons
  • Toasters
  • Bread Makers
  • Coffee Machines
  • Grinders & Mixers
  • Food Processors
• Washing Machine
• Air Purifiers
• Water Heaters
• Water Purifiers
• Cloth Dryers/Tumbler
• Air Conditioners
• Vacuum Cleaners

By End Use :

• Domestic
• Professional
  • Hotels
  • Salon & Grooming Parlors
  • Cafeteria & Restaurants
  • Offices & Institute
  • Others

By Sales Channel :

• Offline
  • Organized Retailer
  • Unorganized
• Online
  • Company Direct Sales
  • Independent Vendor/E Commerce

By Region :

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

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For instance, INALSA, a leading home appliance company, announced introducing an internet of things integrated smart all-in-one cleaning solution for homes, the Robotic Vacuum Cleaner. The product offers 6 cleaning modes along with 2-in-1 sweeping and mopping functionalities. A multiplicity of such developments are estimated to accelerate the sales of consumer appliances in the coming years.

With rising demand for innovative consumer appliance such as induction cooktops, conventional grills, and others across the modern homes in the China, consumer electronics giants are increasingly aiming at launching new showrooms and outlets to capitalize on existing opportunities.

For instance, in October 2019, Panasonic, a leading electronic appliance brand announced opening its flagship showroom in Hangzhou, China. It showcases a wide range of home appliance, kitchen appliances, and others. These developments are estimated to accelerate the sales in China, assisting the East Asia market to hold nearly 19.1% of the revenue share through 2022.

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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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In 2022, sales in the global market for carbon brushes are anticipated to reach US$ 2.7 Billion. By 2029, the market size is expected to reach US$ 3.6 Bn, growing at a healthy 3.8% CAGR. Sales in the market are expected to increase due to the simple availability of carbon brushes that can be easily customised based on hard tops, plates, terminals, shunts, seating, bevels, dimensions, and similar other features. Additionally, the market is expected to be driven in the upcoming years by the rising use of electric motor brushes as electrical conductors in generators.

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The carbon brush market is projected to expand with a CAGR of 3.3% in the H1 2022 outlook as opposed to 3.6% in the H1 2022 project, according to FMI analysis. The major economies’ temporary slowdown in automotive shipments as a result of the semiconductor crisis is thought to be the main cause of this decline in growth rate.

However, their expanding use in washing and drying machines, hand and hair dryers, vacuum cleaner turbines, airbags, steering wheels, etc., is anticipated to boost the market.

The motor segment is anticipated to dominate the carbon brush market by the application because DC motors are in such high demand across a variety of sectors globally. Electric motor brushes with high resistivity help prevent arcing at the commutator/brush interfaces in DC motors. The adaptability and low coefficient of friction of carbon brushes will likely drive the market’s growth and give OEMs a head start on maturing and thriving.

China Carbon Brush Market Witnessing Higher Demand

In the upcoming years, market growth is anticipated to be fueled by China’s rapidly growing automotive sector. According to FMI, the market for carbon brushes in East Asia is predicted to hold about 28.6% of the overall market share in 2022.

For instance, according to a report released in January 2022 by the International Trade Administration, China is regarded as the world’s largest vehicle market in terms of both manufacturing output and annual sales. The country’s domestic vehicle production is anticipated to reach 35 million units by 2025, which is anticipated to fuel demand for automotive carbon brushes during the forecast period.

Key Factors Driving the U.S. Carbon Brush Market

Sales in the U.S. market are anticipated to increase as a result of ongoing development of grinder brushes, electrical brushes, motor brushes, and drill motor brushes by numerous reputable manufacturers. According to FMI, the carbon brush market in North America will likely hold 25.7% of the overall market share in 2022.

Furthermore, favourable government regulations are incentivizing American businesses to expand internationally by establishing manufacturing facilities, which is anticipated to accelerate market expansion. The availability of Bosch GSB 180-Li carbon brushes, Dewalt DW705 brushes, and Makita grinder brushes in the United States is also anticipated to spur growth.

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Competition Landscape

Key players operating in the carbon brush market are focusing on participating in mergers and acquisitions to expand their pre-existing product portfolios. Meanwhile, some of the other players are engaging in partnerships, joint ventures, and manufacturing capacity expansions to broaden their geographic presence, as well as to attract more customers worldwide. For instance:

• In March 2019, Schunk Xycarb Technology, a long-standing supplier of Silicon Carbide (SiC) coated graphite susceptors headquartered in the Netherlands, opened its new office and factory facilities in Helmond. The company aims to strengthen its presence in the solar, optoelectronics, and semiconductor markets. At the same time, it is focusing on opening new investment avenues to expand its capabilities in the novel site.
• In May 2018, Mersen, a leading provider of electrical power and advanced materials based in France, signed a purchase agreement to acquire FTCap, which specializes in the production and development of capacitors. With this acquisition, the former would be able to expand its current line of laminated bus bars, cooling devices, and high-speed fuses to capacitors. Besides, it would help the company to strengthen its position in the power electronics market.

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.

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The demand for soldering services is largely dependent on the growth of end use industries where it is implemented. Soldering equipment finds use in numerous end use industries, including communication and networking, consumer electronics, manufacturing, defense and aerospace. The demand for soldering equipment is expected to increase over the forecast period, owing to the anticipated growth of said industries.

Soldering dates back to 4000 BC, when it was employed to make handmade tools, among other applications. Today, soldering is used in numerous applications, including plumbing, metalwork, and electronics. Moreover, jewelry components, plumbing components and some other refrigeration components are often being assembled by the silver soldering process.

Manufacturers are focusing on introducing equipment helpful for the selective soldering process to overcome the drawbacks of hand soldering. Focus on developing small-sized soldering equipment along with the increasing density of the equipment is expected to further drive the growth of the market in the coming years.

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Selective soldering is becoming a popular alternative in comparison to the conventional hand soldering process owing to its merits such as better user interactions and simplified programming. Attributing to this, manufacturers are emphasizing on increasing investments towards the development of equipment for the selective soldering process. This is expected to further promote the growth of the market in the coming years.

On the other hand, the slow adoption of advanced soldering processes in developing countries across the globe can have a negative impact on the demand for soldering equipment. Moreover, numerous small size players offer services and equipment at relatively low prices. Moreover, counterfeit equipment in the market can further affect the revenue streams of original equipment manufacturers.

Reason for Covering this Title

The overall soldering equipment market is pegged to have positive prospects in developing countries of Asia Pacific, where the manufacturing industry is augmenting at a rapid pace. This is expected to surge the demand for the soldering process, and in turn create opportunities for soldering equipment manufacturers to give a necessary boost to their revenue streams. Furthermore, the demand for specialized soldering equipment is anticipated to rise in Europe and North America. This is expected to further create opportunities for augmentation of the soldering equipment market across the globe.

Expansion in Fabrication and Engineering

The demand for soldering equipment is primarily driven by expansion activities in fabrication and manufacturing, especially through the growth in the construction, automotive, oil & gas and shipbuilding industries. Numerous government initiatives in developing economies encourage foreign investments to expand fabrication and manufacturing activities in respective regions, which is estimated to spur the demand for soldering equipment in the coming years. Moreover, a majority of manufacturers are shifting their manufacturing operations to South Asian countries, which can be attributed to the easy availability of labor, geography and a steadily growing skill base.

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Replacement of Conventional Hand Soldering Processes

Conventional hand soldering processes are being replaces by selective soldering. This can be attributed to its merits, such as improved operational efficiency, better customer interface and reduction in the size of the equipment. This is expected to promote the growth of the soldering equipment market in the coming years. Moreover, the demand for soldering equipment is also expected to be driven by increasing use in repair and maintenance work in numerous end use industries. Furthermore, with increasing infrastructure investments across the globe, the demand for soldering services is expected to increase.

Regional Outlook

Asia Pacific is expected to dominate the global soldering equipment market in the coming years. This can be attributed to the increasing focus of governments towards strengthening the manufacturing facilities in developing countries such as India and China. Moreover, low labor cost and production cost in South Asian countries are expected to drive the demand for soldering equipment in the region. Economic recovery of economies of the Latin America region, such as Mexico and Argentina, is expected to promote the growth of the soldering equipment market in the coming years. Moreover, increasing demand for soldering equipment from European automotive, electronics, and construction industries is anticipated to supplement the growth of the soldering equipment market in the near future.

Global Soldering Equipment Market: Key Participants

Key players in the global soldering equipment market are

• Ersa GmbH
• Pillarhouse international Ltd
• RPS Automation LLC
• Sorny Roong Industrial Co., Ltd.
• JBC S.L
• SEHO Systems GmbH
• Vitronics Soltec Corp
• ACE Production Technologies, Inc.
• Blundell Production Equipment Ltd
• JUKI Automation
• American Hakko Products, Inc.
• PACE Europe, Ltd.
• The Harris Products Group
• Taiyo Electric Ind. Co., Ltd.
• Florida Cir Tech, Inc.

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Global Soldering Equipment Market: Key Developments

• In 2017, Ersa GmbH introduced twin plot Versaflow Systems with an objective of setting new standards for selective soldering, providing its users a shorter cycle time without compromising on quality
• In 2017, Ersa GmbH launched VERSAFLOW 4 XL, which enables flexible production for each PCB size combining significant quality and output

Opportunities for Market Participants

The demand for soldering equipment is anticipated to surge in the coming years in numerous countries across the globe, which can be mainly attributed to the increasing investments in manufacturing, automotive, and construction sectors across the globe. This is anticipated to create opportunities for the augmentation of the market in the coming years. Furthermore, increasing government initiatives for infrastructure development across the globe are expected to further boost the demand for soldering equipment in the coming years. This is expected to create opportunities for market players to expand their production base in developing economies in order to give a necessary boost to their revenue stream.

Brief Approach to Research

FMI will follow a modelling-based approach and triangulation methodology to estimate data covered in this report. A detailed analysis of the product type and its end uses are covered in the study. Moreover, the parent market (welding equipment and consumables) is being studied thoroughly in order to derive suitable insights about the soldering equipment market. In depth analysis from both the supply and the demand side is being carried out in order to reach to a suitable market size. Statistics and data are collected at a regional level and consolidated and synthesized at a global level to estimate the overall market sizes.

Product Definition and Segmentation

Soldering equipment usually consists of a solder material, which is a piece of metal that melts when heated and bonds the work pieces together when cooled. Different types of soldering irons are used for different applications. Moreover, soldering equipment are handy tools in repair and maintenance activities, where they find numerous applications. The soldering equipment market can be segmented on the basis of the following criteria:

By Type of Soldering Iron:

• Soldering Station
• Soldering Pencil
• Soldering System
• Soldering Guns

By End Use Industry:

• Consumer Electronics
• Manufacturing
• Aerospace and Defense
• Automotive
• Healthcare

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

• An overview of the soldering equipment market, including background and evolution
• Macroeconomic factors affecting the soldering equipment market and its potential
• Market dynamics, such as drivers, challenges and trends
• Technology roadmap involved from inception period to present date
• Detailed value chain analysis of the soldering equipment market
• Cost structure of the products and segments covered in the global soldering equipment market
• In-depth pricing analysis by key product segments, regions and by major soldering equipment market participants
• Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario in the global soldering equipment market
• Analysis of the global soldering equipment market structure, including a tier-wise categorization of key soldering equipment market participants
• Competitive landscape of the market, including detailed profiles of top players in the soldering equipment market

About Us:

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

Contact:
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