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The market for industrial power monitoring systems is anticipated to grow at a CAGR of 4.2 percent from 2022 to 2032, reaching US$ 4,318.6 Million by 2022’s end. The industrial power monitoring system market is anticipated to reach a value of US$ 6,534.7 Million by the end of the aforementioned forecast period. The growth is attributed to a mounting focus on cost-cutting measures, improving electrical infrastructure reliability, and emphasising efficient use of power resources.

Also, can cause a malfunction in crucial servers and processes and can damage sensitive components. Industrial Power monitoring systems support the ability to monitor the status of power distribution, backup power system and power quality involved in core operations and utilities.

It delivers detailed information required to prevent tripped circuits, diagnose power problems and balance loads. They are energy efficient as they understand the total power usage of the data centre or the facility, and use that information to maintain severe utilization, UPS efficiency and more.

Industrial Power Monitoring Systems also track the power consumption of the industry to calculate utility bills for the energy being used by the facility. The related data can be lost or corrupted If Power fluctuates even for a second. A momentary disturbance can trigger damage that requires hours of data recovery time.

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Industrial power monitoring systems can manage or remotely control an enterprise-wide network of many UPSs or provide power protection to complete infrastructure. It provides near the real-time or real-time condition of power throughout the industry, monitors UPSs, notifies automatically if there is any device failure, conducts orderly unattended shutdowns and selectively shuts downs non-critical systems. Power Monitoring Systems are generally used in Healthcare institutions, electronic industry, telecommunication, governmental and financial organizations.

Regional Outlook

Western Europe and the United States own a lion’s share in Industrial Power Monitoring systems supported by penalty-based environmental regulations and high awareness of economic energy conservation.  Technological modernization of Industrial Sectors in Mid-East Africa and the Asia Pacific contributes to the Industrial power Monitoring System market and has the potential to see sizable growth in future as well.

Key Players

• ABB Ltd
• CISCO System
• Emerson Electric Company
• Eaton Corporation PLC
• EnerNOC, Inc.
• General Electric Company
• Honeywell International, Inc.
• Rockwell Automation
• Schneider Electric SE
• Siemens AG

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, applications, and industry.

The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an 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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Industrial Power Monitoring System Market: Dynamics

The global Industrial Power monitoring systems Market has been driven by the increasing adoption of voluntary or mandatory energy management systems & widespread environmental regulations against energy wastage. Industrial power monitoring systems’ ability to communicate and monitor the components of power distribution from any place and anytime to avoid these critical losses resulting in high demand for Industrial Power monitoring systems.

Industrial Power monitoring systems are projected to find a high scope of application in some particular sectors like telecommunication (for remote monitoring and notification), healthcare, and governmental and financial organizations where data is sensitive and requires trouble-free operations.

Industrial power monitoring systems have gradually gained the interest of electronic and manufacturing industries as they help in efficient utilization of power resources, reduce energy costs, and maximise the reliability of electrical infrastructure; nevertheless, its implementation and adaption arise with barriers and challenges like initial high investment cost,  shortage of skilled resources. Also, hidden costs and a longer payback period are hindering the market for Industrial Power Monitoring systems.

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The global mooring compensators market is forecasted to be valued at US$ 2439.0 million by 2032, up from US$ 1780.0 million in 2022, advancing at a CAGR of 3.2% during the forecast period.

The mooring compensator market is growing at a faster pace with substantial growth rates over the past few years. Previously ropes were used for mooring the boats, they are bendable longitudinal elements that can be used as mooring compensators. The demand for mooring compensators is increasing as it is best suitable for the purpose and can effectively compensate for the stormy shocks caused by waves.

The rising popularity of recreational activities among the general public, as well as the increasing sales of boats, are the primary factors driving the demand for mooring compensators.

Mooring compensators have been identified as the most important accessory for mooring lines. They are made of high-quality ethylene propylene diene monomer rubber, which boosts mooring compensator sales by providing excellent strength as well as weather and saltwater resistance.

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Furthermore, its simplified types of threaded onto a rope and not threaded on a rope make the application of mooring compensators simple, and are widely used by boaters in the industry.

As per the National Marine Manufacturers Associations (NMMA), sales of powerboats reached more than 250,000 in 2016. Furthermore, new product development and rising demand from young boaters are assisting the industry growth for mooring compensators, expanding the market size for mooring compensators.

Moreover, the EPDM rubber with unique plastic locks maintains resiliency despite stresses and strains, no squeaking, and no wear and tear. Therefore, owing to these physical properties, mooring compensators are gaining traction in the market and pushing the demand for mooring compensators in the global market.

Key Players:

• Unimer Marine
• Trelleborg Group
• PLASTIMO
• Anchor Marine
• Chain Ropes and Anchors
• Boat Accessories Australia
• Excel Controlinkage Pvt. Ltd.

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Key Segments in the Mooring Compensators Market

By Material:

• Rubber-baseded
• Polyurethane based

By Product Type:

• U-Cleat Mooring Compensator
• Smart Snubber Mooring Compensator
• Inline Mooring Compensator
• Classic Mooring Compensator
• Others

By Mooring Type:

• Catenary
• Taut
• Semi Taut
• Spread
• Single Point
• Dynamic Positioning

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

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According to the patent analytics market analysis carried out by Future Market Insights (FMI), the demand registered in the patent analytics market will grow at a noteworthy CAGR of around 14.4% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 1,353.9 Mn by the end of 2022. As per Future Market Insights, every crisis offers different circumstances for inventors to consider and produce ideas that lead to a favorable shift. This is also true in the COVID-19 pandemic.

Businesses have slowed down, but this hasn’t stopped organizations or academic institutions from coming up with new ideas and obtaining patent protection. In fact, according to our findings, that during the epidemic, patent applications increased significantly in several nations.

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Patents are a crucial asset for any tech start-up, and patent analytics is seen as a tool for growth and strategy. A patent application is viewed as a strategic business move because it grants a monopoly in the market, aids in generating income through licensing, and occasionally aids in the formation of valuable corporate alliances.

Furthermore, patents filed by third parties may contain a wealth of information, including the name of the patent holder, the country in which the patent was filed, and technology-related information such as the invention’s intended uses, its technical features, and the problems it solves, among other things.

Strategic planning and wise decision-making may benefit from the thorough analysis of patents filed by others known as patent analytics. Such benefits provided by patent analytics are anticipated to grow the market for patent analytics internationally. Technology intelligence, competitive and strategic intelligence, company growth, and financial analysis and reporting are some significant applications of patent analytics. This has propelled the growth of the patent analytics market.

Key Takeaways: Patent Analytics Market

• By component, the services segment accounts for the highest market share of around 5% for patent analytics market in the year 2021. However, the patent analytics software segment is estimated to grow at a CAGR of 12.2% through 2032.
• By enterprise size, the large enterprises segment had the highest market share of around 2% in the patent analytics market in 2021.
• By industry, the healthcare is predicted to grow at a CAGR of around 1% between 2022 & 2032.
• By region, East Asia had the largest market share of around 2% in patent analytics market in 2021, whereas the South Asia & Pacific region is showing the highest growth of around18.2% CAGR during the forecast period.

“Growing usage of patent analytics in the IT & Telecom industry is driving the market growth. In the Telecom sector patent analytics are used for filing patent applications that are related with data transfer, wireless communication and procedures of monitoring and organizing digital data. With the support of patent analytics organizations can make informed decision related with licensing & acquisition of modern technologies.” says FMI analyst. 

Rising R&D investment and registrations for IP rights to Drive Growth of Patent Analytics Market

Patents are thus tools to foster and protect innovation. Patents are thus widely used in the current economics and business and lead to chances. A rise in patent applications from businesses looking to protect their inventions as well as from government subsidies and incentives is anticipated to accelerate market expansion.

While there are concerns about how technology affects the environment and society, the Internet of Things and technical developments in the sector are altering the subject’s nature and heightening its complexity, forming the basis of patent applications.

The demand for analytics tools has increased as a result of increased research and development (R&D) activities in industries such as healthcare, IT & telecommunications, and others. End users in these sectors invest significant amount in filing IP rights for their innovative product before launching.

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These key factor create ample opportunities for prominent market players. On the other hand, technology companies typically need to work together since the development of complicated goods typically necessitates the implementation of one or more patent-protected innovations owned by other businesses. Some of these top electronics and technology corporations invest a lot of money in R&D.

The IT and telecom industries frequently invest in R&D to obtain a competitive edge. The introduction of new technology, innovation in network bandwidth systems, and development of innovative network devices are anticipated to boost the market’s growth are results in rising investment in R&D activities and registration of IP rights.

Competitive Landscape

Patent analytics market players are focusing on various strategies for increasing their investments in research and development to support future technologies. In addition, several companies are acquiring and entering into partnership with other companies to develop their own patent analytics to serve the customers and reduce the churn rate.

More Valuable Insights on Patent Analytics Market

Future Market Insight’s report on patent analytics market industry research is segmented into four major sections – component (software, and services (patent landscapes/white space analysis, patent portfolio management, patent valuation, patent monitoring, others)), enterprise size (small & mid-sized enterprises (SMEs), and large enterprises), industry (BFSI, healthcare, IT & Telecom, automotive, media and entertainment and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and The Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the patent analytics demand outlook.

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Patent Analytics Outlook By Category

By Component, Patent Analytics Market is segmented as:

• Patent Analytics Software
• Services
  • Patent Landscapes/White Space Analysis
  • Patent Portfolio Management
  • Patent Valuation
  • Patent Monitoring
  • Others

By Enterprise Size, Patent Analytics Market is segmented as:

• Small and Medium-sized Enterprises (SMEs)
• Large Enterprises

By Industry, Patent Analytics Market is segmented as:

• BFSI
• Healthcare
• IT & Telecom
• Automotive
• Media & Entertainment
• Others

By Region, Patent Analytics Market is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

About Us

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

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According to the insider risk management market analysis carried out by Future Market Insights (FMI), the demand registered in the insider risk management market will grow at a noteworthy CAGR of around 12.5% from 2022-2032.

The report states that the market is expected to reach the valuation of ~US$ 2,223.5 Mn by the end of 2022. As per Future Market Insights, the pandemic has served as a catalyst for digital transformation. It’s not simply the major change towards remote work; there has also been a significant shift in favor of efficiency and adaptability.

Data security threats significantly rise with speedier, more flexible ways of working. A year ago, before the COVID issue, employees were 85% less likely to leak private information. IT security leaders identified malicious or careless insiders as the primary cause of data breaches, surpassing outsider attacks.

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While malicious assaults could still happen, a rise in actions by remote workers who might not even be aware they are putting the company at danger of security threats and compliance violations is more concerning. Organizations are using integrated, end-to-end tools to gain a handle on risk management as it seems to get ever more complex.

Insider Risk Management (IRM) develops a framework around the new concept of “risk tolerance,” with a goal of providing security. IRM further teams with visibility and context around data activities in order to secure that data without imposing onerous restrictions on users.

Due to a growing shift towards hybrid or remote workforce, there has been a rise in publicly-disclosed system breaches and data leaks. This has propelled the growth of the insider risk management market.

Key Takeaways: Insider Risk Management Market

• By solution, the on-premises insider risk management software segment accounts for the highest market share of around 0% for insider risk management market in the year 2021. However, the cloud based insider risk management software segment is estimated to grow at a robust CAGR of 23.3% through 2032.
• By enterprise size, the large enterprises segment had the highest market share of around 7% in the insider risk management market in 2021.
• By industry, the government segment is predicted to grow at a CAGR of around 4% between 2022 & 2032.
• By region, North America had the largest market share of around 9% in insider risk management market in 2021, whereas the South Asia & Pacific region is showing the highest growth of around 22.5% CAGR during the forecast period.

“Insider risk management has become a priority for security and risk management due to the growth of hybrid or remote workforce, as well as increased vendor integration. Organizations may quickly recognize, monitor, and reduce insider risks in real-time by implementing insider risk management solutions. Organizations can also spot and reveal other forms of malicious behavior that could be detrimental to the firm by using insider risk management systems” says FMI analyst”.

Increased vendor integration and shift towards hybrid or remote workforce to ensure secure work practices and data protection

The business ecosystem’s digitization has created new possibilities for organizational growth and transformation across industries. Due to the evolution and proliferation of cybersecurity threats, this digital revolution has also increased the risks associated with conducting business. Employees have greater and more access to data creation, management, and sharing capabilities across a variety of platforms and services. Due to careless sharing of data or malevolent intent, there has been rise in instances of data theft by departing employees and information leaks outside the firm.

Insider risk management is a powerful threat protection tool created to quickly identify, analyze, mitigate, and respond to insider risks. It offers control and visibility over internal data access and data leaks by end users, including workers, distant suppliers, and contractors, to safeguard against insider risks like theft, fraud, and damage.

Users can design policies for locating risk indicators using insider risk management. These guidelines support the detection and control of risky behavior, the detection and management of company policy violations, the monitoring and management of data access governance issues, and the improvement of insider threat security. Insider risk management solutions use cutting-edge techniques to safeguard confidential firm information and intellectual property from loss, theft, and leakage while fostering remote workers’ collaborative work.

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Competitive Landscape

Insider risk management market major vendors are concentrating on strategic partnerships with other crucial players to develop technologically advanced insider risk management solution for several applications to serve their consumers.

• In November 2021, Splunk Inc. and Code42 partner together to improve detection and response to insider threat activities. As per the partnership Code42 will deliver its dashboards and data exfiltration alerts inside the Splunk security operations suite.
• In October 2021, Microsoft Corporation declared that they are upgrading Microsoft 365 to permit admins to better control insider security threats in their environments with enhancements to insecure activity identification and visibility.

More Valuable Insights on Insider Risk Management Market

Future Market Insight’s report on insider risk management market industry research is segmented into four major sections – solution (cloud based insider risk management software, and on-premises insider risk management software), enterprise size (small & mid-sized enterprises (SMEs), and large enterprises), industry (finance, healthcare, government, education, manufacturing and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the insider risk management demand outlook.

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Insider Risk Management Market Outlook by Category

By Solution, Insider Risk Management Market is segmented as:

• Cloud-Based Insider Risk Management Software
• On-premises Insider Risk Management Software

By Enterprise Size, Insider Risk Management Market is segmented as:

• Small & Mid-size Enterprises (SMEs)
• Large Enterprises

By Industry, Insider Risk Management Market is segmented as:

• Finance
• Healthcare
• Government
• Education
• Manufacturing
• Others

By Region, Insider Risk Management Market Sales is segmented as:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

About Us

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

Contact:

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According to Future Market Insights report on zero trust security platform, the market for is expected to grow with a CAGR of 28.1% during the forecast period 2022 to 2032.

According to this report, market is set to reach the valuation ~US$ 29,006.2 Mn by the end of the year 2022. The purpose of the zero trust security platform is to provide protection against data breaches from all directions, specifically from within organizations, i.e., through browsers, email, VPN connections and other means. The zero trust security term suggests that nothing should be trusted and always be verified.

With this concept, several technologies and best practises are adopted. The security platform is based on the principles of verify explicitly, continuous monitoring and validation, use least privileged access, device access control, micro-segmentation, preventing lateral movement, and multi-factor authentication (MFA).

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Key Takeaways: Zero Trust Security Platform Market

• By solution, the standalone software segment had the largest shares in 2021 with a value of ~US$ 25,432.0 Mn. Services are estimated to be the most in-demand service for the forecast period 2022-2032 which is estimated to grow with a CAGR of 1%.
• By deployment mode, cloud based holds the largest market share for 2021 and CAGR of 2% is expected to be witnessed in forecast period.
• By authentication type, multi factor authentication holds largest market share for 2021 and the highest CAGR of 8% is expected to be witnessed during forecast period.
• By enterprise size, large enterprise had the largest market share in 2021 and SMEs will witness the fastest growth with a CAGR of 9%.
• By industry, BFSI had the largest market share for 2021 and the highest CAGR of 3% is expected to be witnessed from the healthcare industry for the forecast period.
• North America had the largest market share in 2021 and the fastest growing market for Zero Trust Security Platform is estimated to be the South Asia and Pacific region for the forecast period 2022-2032.

According to FMI Analyst, “Zero Trust Security Platforms have great potential in various fields as the platform helps to prevent data loss from within the systems. They are available with many solutions such as Identity Security, Data Security, and many more, which can be deployed in a cloud, whereas traditional security platforms involve perimeter security models and can only be deployed on-premises, which also helps the end users to prioritise the product easily.”

Rise in Cyberattacks within the Organisation

In recent times, the cyberattacks within the organisations has increased zero trust security platforms provide to secure data in and outside the organisation, by continuously monitoring and validation, micro segmentation, preventing lateral movement such features makes the framework unique from other traditional security.

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More valuable insights on Zero Trust Security Platform

In this report by Future Market Insights, zero trust security platform has been segmented into four sections, by solution, integrated zero trust security platform, standalone software (next generation firewall, identity & access management, data loss prevention, others), services (professional services (security consulting, integration & implementation, support & maintenance) and managed services), deployment mode (cloud-based and on-premises),  authentication type (single authentication, multi authentication), enterprise size (small and medium enterprises (SMEs), and large enterprises), industry (BFSI, IT & telecom, retail, healthcare, government & defence, and others), and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the zero trust security platform demand outlook.

Competitive Landscape

Zero trust security provide security solutions to various industries which have shifted the company data to storage systems as a result this, it tends to increase in cyber threats for the stored data. To resolve these several companies have launched their zero trust security for multiple/specific purposes.

• In Feb 2021, Akamai acquired Montreal-based firm Inverse to improve Akamai’s enterprise security potential and would expand its product portfolio of zero trusts and secure access service edge solutions for Internet of Things.
• In Oct 2022, Conceal a leader in ransomware prevention technology and Zero Trust isolation signed a strategic partner agreement with Spire Solutions a leading distributor at GITEX 2022 to serve as the distributor for ConcealBrowse solution and Conceal’s platform in the Middle East and Africa regions.

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Zero Trust Security by Category

By Solution:

• Integrated Zero Trust Security Platform
• Standalone Software
  • Next Generation Firewall
  • Identity & Access Management
  • Data Loss Prevention
  • Others
• Services
  • Professional Services
    • Security Consulting
    • Integration & Implementation
    • Support & Maintenance
  • Managed Services

By Deployment:

• Cloud Based
• On-premises

By Authentication Type:

• Single Authentication
• Multi Authentication

By Enterprise Size:

• Small and Mid-Sized Enterprises (SMEs)
• Large Enterprises

By Industry:

• BFSI
• Retail and eCommerce
• Healthcare
• IT & Telecom
• Government and Defense
• Others

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:

Future Market Insights Inc.   
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200 Continental Drive, 
Suite 401, Newark, 
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Europe water pumps market is expected to exhibit year-on-year (YoY) growth of 3.8% to total ~US$ 8 Bn in 2021. As per the study, the demand for water pumps in Europe will increase by 3.6% CAGR between 2021 and 2031.

By product type, axial and mixed flow water pump sales will grow by over 4.3% CAGR in overall Europe water pumps market. As of 2020, water pumps sales accounted between 53% and 55% of overall Europe pumps market.
Pump manufacturing is a thriving industry driven by both small and large enterprises in Europe. These end-use sectors are confronting rising energy conservation demand as well as far-reaching environmental issues in the fight against climate change.
Water and wastewater treatment has been the most receptive sector among the various industrial verticals in terms of adoption, with significant expenditures made and planned towards facility modernization, which includes asset monitoring and integration of industrial internet of things (IIOT).
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Several organizations have been actively upgrading their water treatment plants with smart pumps. As a next step, companies have planned to invest in IIoT based solutions that helps to acquire and interpret the data generated from these assets with power of algorithms and machine learning capabilities that aids to predict failures, increase productivity and drive innovation. However the degree of investment in IIOT is largely governed by the water sector’s legal framework.

Key Takeaways of Water Pumps Market Study

1. As per Future Market Insights, Germany, U.K. and Russia are key markets accounting for nearly half of water pumps sales in the Europe market value share in 2021.
2. The Water Pumps market in U.K. is expected to rise at nearly 2.8% CAGR over the forecast period. Overseas customers prefer manufacturing and engineering expertise of U.K. over other countries.
3. The value share of 2 HP water pumps is more than one-fourth of the Europe market. These high pressure pumps are used in agriculture and irrigation applications, easy to operate, can be suitable for potable purposes as well as the robustness and durability makes it preferred choice among the end-users.
4. Water pumps market is a highly consolidated with the top players holding nearly 65-70% of water pumps sales within Europe.

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“Studies and research have been conducted in recent years to offer improved energy-efficiency in water pumps. Energy and environmental concerns can provide an excellent foundation for pump application innovation and European pump manufacturers are leading the way in this field. EU legislation has mandated minimum energy efficiency requirements for clean water pumps and circulators, which is expected to positively affect the market growth,” says a Future Market Insights analyst.

During the forecast period, water pumps market is expected to be aggressively driven by automation. With the positive influence from industry 4.0 and the rising implications of quality management systems to enhance efficiency of operations and reduction of error rate, there will be surge in sales of Water Pumps and manufacturers are likely to generate higher revenues from Water Pumps.

Competitive Landscape

The market for Water Pumps in Europe is extremely consolidated, with the top players accounting for over 65-70% of the market in 2020. These market participants are vying to expand their geographic footprints by targeting new markets in European countries. They are integrating IOT enabled technology to track the runtime and optimize equipment efficiency. Some of the key players in the market include tier-1 companies such as Xylem Inc, Grundfos, Flowserve Corporation, Andritz Group, Ebara Corporation, KSB AG, Sulzer Ltd, Gormann Rupp, Franklin Electric and ITT Inc.
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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 Us:
Future Market Insights,
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The oven market is poised to reach a valuation of US$ 2,801.4 Mn in 2022. Sales are projected to increase at a 4.9% CAGR, with the market size reaching US$ 4,519.9 Mn by 2032.

Ovens are designed to cook and heat food & baked goods more quickly. Time-restrictions to cook fresh food each time is becoming challenging due to odd working hours and busier schedules, driving the demand in the market.

Further, increased spending on kitchen equipment and adoption of smart kitchen appliances will drive the demand in the market. Furthermore, the growing trend of linking home appliances like ovens to devices will provide opportunities for manufacturers over the forecast period.

Key Takeaways from the Ovens Market Study

• In terms of product type, countertop ovens are expected to dominate the global oven market through 2022 & beyond.
• Based on application, the commercial segment will witness fastest growth during the assessment period (2022-2032)
• Sales of oven via online retailer sales channel are expected to burgeon over the forecast period on the back of growing expansion of e-commerce sector
• India is expected to spearhead the growth in South Asia oven market backed by rising adoption of smart kitchen appliances.
• China is expected to dominate the East Asia market owing to the expansion of manufacturing capacities.

“Kitchen appliance manufacturers are introducing various electronic and technological features in several categories to meet consumer demand for ovens. Development of built-in ovens and modular kitchens is another factor boosting the growth in the global oven market”, says an FMI analyst.
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Who is winning?

Appliances are progressively being integrated into Internet of Things (IoT) platforms by market participants. Apps for mobile and desktop devices allow smart kitchen equipment such as ovens to work remotely and wirelessly, in real-time. Manufacturers of ovens are also working intensively to create ENERGY−STAR qualified models in response to growing consumer interest in energy saving.

Some of the major players present in the ovens market are Hawkins Cookers Limited, Stove Kraft Limited, TTK Prestige Limited, Somany Home Innovation Limited (SHIL), Franke-Faber, CATA Electrodomesticos India, Sunflame Enterprises Private limited, and Whirlpool Limited among others.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of the global ovens market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the ovens market based on the product type (countertop and built-in), application {commercial (restaurant, hotels, schools, bakery and others) and residential}, sales channel (wholesalers/distributors, multi-brand stores, specialty stores, hypermarket/supermarkets, online retailers, and other sales channel) across seven major regions.

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Oven Market By Category

By Product Type:

• Countertop
• Built-in

By Application:

• Commercial
  • Restaurants
  • Hotels
  • Schools
  • Bakery
  • Others
• Residential

By Sales Channel:

• Hypermarkets/Supermarkets
• Wholesaler/Distributer
• Specialty Stores
• Multi-brand store
• Online Retailers
• Other Sales Channel

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa (MEA)

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