Market For Industrial Solar Water Heaters Registered A CAGR Of 3.7% | Exclusive Report by Future Market Insights, Inc.

The market for industrial solar water heaters is anticipated to reach a market value of US$ 1,138.9 Million by 2032, growing at a CAGR of 3.7% over the forecast period of 2022-2032. The market is anticipated to reach a market value of US$ 791.8 Million in 2022.

Growth of the industrial solar water heaters market can be attributed to the increasing demand for the same from end user industries and commercial sectors. Industrial Solar Water Heater is a heating equipment powered by solar cells which in turn is used for applications such as heating of water, space heating, industrial process such as obtaining hot water or preheating of steam before it enters the industrial boilers.

Industrial solar water heater use has increased in North America and Europe as a result of the wealthy lifestyles, high disposable incomes, and high standards of living in those regions.

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APAC countries are anticipated to assist significantly for the growth of the global Industrial Solar Water Heaters market over the forecast period. Evolving countries in the APAC region, especially China and India, is estimated to play an imperative role in the growth of the Industrial Solar Water Heaters market in the coming future. In countries such as India and China, construction and automotive industry is in a very active state and is very attractive for the manufacturers there, is humungous growth potential for the global Industrial Solar Water Heaters market.

The market for the Industrial Solar Water Heaters is expected to grow as significant macro-economic factors such as the growth in industrialization, growth in urbanization, growth of construction industry and growth of automotive industry is on a linear side and thus will upsurge the growth of the global Industrial Solar Water Heaters market over the forecast period.

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

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The primary source of energy is the solar energy which can be utilized for various industrial applications. Moreover, as Industrial Solar Water Heaters are small in size and have great compressive strength, they are used as a structural lightweight fillers, thus Industrial Solar Water Heaters market is expected see rapid growth in all developed and developing countries in the future.

Industrial Solar Water Heaters Market: Market Participants

Some of the examples of the key market participants in the global Industrial Solar Water Heaters market, identified across the value chain are,

  • ATR SOLAR
  • SunEarth
  • Racold
  • Heliodyne, Inc.
  • Alternate Energy Technologies, LLC.
  • Excel Innovations Private Limited.
  • Apricus Solar Co. Ltd.
  • Chandrlok International
  • SunMaxx Solar
  • Greentek India Pvt. Ltd.
  • SUNPEAK USA Inc.
  • American Water Heaters

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Key Segments Profiled in the Industrial Solar Water Heaters Industry Survey

Industrial Solar Water Heaters Market by Industry Type:

  • Small Scale Industrial Solar Water Heaters
  • Medium Scale industrial Solar Water Heaters
  • Large Scale industrial Solar Water Heaters

Industrial Solar Water Heaters Market by Sales Channel:

  • Industrial Solar Water Heaters Sales via Original Equipment Manufacturers
  • Industrial Solar Water Heaters Sales via Aftermarket

Industrial Solar Water Heaters Market by End Use:

  • Industrial Solar Water Heaters for Automotive
  • Industrial Solar Water Heaters for Construction
  • Industrial Solar Water Heaters for Oil & Gas
  • Industrial Solar Water Heaters for Paints & Coatings
  • Industrial Solar Water Heaters for Other End Uses(Refractory, Bulk Fillers, Etc.)

Industrial Solar Water Heaters Market by Region:

  • North America Industrial Solar Water Heaters Market
  • Latin America Industrial Solar Water Heaters Market
  • Europe Industrial Solar Water Heaters Market
  • Asia Pacific Industrial Solar Water Heaters Market
  • Middle East & Africa Industrial Solar Water Heaters Market

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Die Bonder Equipment Market to be US$ 6.0 Billion by [2022-2032] | Future Market Insights

Demand for Die Bonder Equipment is projected to reach US$ 4.2 billion in 2022 and to increase to US$ 6.0 billion between 2022 and 2032 at a CAGR of 4%. Growth is being fueled by an increase in the use of stacked die technology in Internet of Things (IoT) devices.

Therefore, die bonder equipment is extensively used in the manufacturing of semiconductor devices. Furthermore, a variety of methods are used to attach the die to the substrate, including epoxy, eutectic, soft solder, and flip chips.

As a result, it is projected that die bonder equipment manufacturers would see profitable growth opportunities in the coming years, resulting in a significant CAGR for the die bonder equipment market.

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Global Die Bonder Equipment Market: Dynamics

One of the main elements anticipated to fuel future demand for die bonder equipment is the rise in demand for semiconductor integrated circuits. As more end-use applications embrace electronic systems, there will be a robust need for integrated circuits (ICs). In turn, this is driving up demand for die bonder machinery on the world market. In the future, it is also anticipated that the expanding use of IOTs, ultra-high definition television, and hybrid laptops will significantly increase demand for die bonder equipment. The future expansion of the die bonder equipment market is also anticipated to be hampered by the rising demand for polymer adhesive water bonding equipment.

Global Die Bonder Equipment Market: Regional Outlook

In the global market of die bounder equipment, Asia Pacific is expected to dominate the market owing to growing demand from the region. This growing demand can primarily be attributed to the presence of a huge number of IC manufacturers in the region. Growing IC demand due to increasing smartphones and tablets production will make the region grow at a healthy pace in future.

Moreover, the market for die bonder equipment in North America and Europe is also projected to grow at a healthy pace owing to increasing demand for semiconductors ICs from the region. The fast adoption of new and latest technologies in the region is also expected to drive the market in the region. Furthermore, MEA and Latin America are also expected to create demand for die bonder equipment in future as the market in these regions is in the growing stage as compared to other regions.

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Global Die Bonder Equipment Market: Market Participants

In the global die bonder equipment market, manufacturers are continuously focused towards automation of the tie bonding technology. Names of some of the manufacturers engaged in the development and manufacturing of die bonder equipment are mentioned:

  • Besi
  • ASM Pacific Technology Limited (ASMPT)
  • Kulicke & Soffa Industries, Inc.
  • Tresky AG
  • SHIBAURA MECHATRONICS CORPORATION
  • West·Bond, Inc.
  • Panasonic Corporation
  • MRSI Systems
  • SHINKAWA LTD.
  • Palomar Technologies
  • DIAS Automation
  • Toray Engineering
  • FASFORD TECHNOLOGY

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

Key Segments Profiled in the Die Bonder Equipment Industry Survey

Die Bonder Equipment Market by Product Type:

  • Manual Die Bonder Equipment
  • Semi-Automatic Die Bonder Equipment
  • Fully Automatic Die Bonder Equipment

Die Bonder Equipment Market by Attachment Method:

  • Epoxy Die Bonder
  • Eutectic Die Bonder
  • Soft Solder Die Bonder
  • Flip Chip Die Bonder

Die Bonder Equipment Market by End User:

  • Die Bonder Equipment for Integrated Device Manufacturers (DMs)
  • Die Bonder Equipment for Outsourced Semiconductor Assembly and Test (OSAT)

Die Bonder Equipment Market by Region:

  • North America Die Bonder Equipment Market
  • Latin America Die Bonder Equipment Market
  • Europe Die Bonder Equipment Market
  • Asia Pacific Die Bonder Equipment Market
  • Middle East & Africa Die Bonder Equipment Market

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Synthetic Camphor Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

The global synthetic camphor market is predicted to be worth US$ 322.3 million by the end of 2018 and US$ 571.6 million by the end of 2028, expanding at a 5.9% CAGR during the forecast period. Between 2018 and 2028, the global market is expected to generate incremental opportunity worth US$ 249.3 Mn.

Traditionally, the camphor tree’s secretions are used to make synthetic camphor. Camphor made through chemical synthesis is referred to as synthetic camphor. Turpentine oil is one of the most significant raw materials used in the production of synthetic camphor. Two product categories that differ only in terms of purity make up synthetic camphor.

According to the latest Future Market Insights (FMI) report, the volume sales of synthetic camphor are likely to exceed 36 thousand tons in 2019. Pharmaceutical industry has been a leading end-user of synthetic camphor, upheld by ongoing research activities on extending application scope of synthetic camphor in medicinal formulations.

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The FMI report also tracks the synthetic camphor market for the forecast period 2018 to 2028. According to the report, volume sales of synthetic camphor is likely to register 3.0% CAGR through 2028.

Pharma-grade synthetic camphor is extensively used in various topical analgesic products such as ointments, oils, gels, and chest-rubs. These pharma-grade synthetic camphor for topical pain management products are witnessing significant demand owing to consumer preference for self-medication, undergird by enhanced and easy accessibility of OTC products. According to the report, pharma-grade synthetic camphor is projected to account for more than 50% volume share in 2019 in the synthetic camphor market.

Pharma-grade synthetic camphor sales are also significantly driven by growing demand for private-labelled camphorated medical products. For example, private labelled analgesic products have gained increased popularity in the US, as they are devoid of FDA approval, and witness strong promotion from retailer businesses.

A key factor restricting adoption is regulations on the use of synthetic camphor in pharmaceutical products, such as the US FDA’s classification of certain camphorated oil products would require patients to hold doctor’s prescription for consumption. Moreover, rising costs of raw materials such as turpentine oil is emerging as a key concern for manufacturers producing pharma-grade synthetic camphor.

Gains Remain Strong from Synthetic Camphor Sales in Plasticizer Production

Synthetic camphor continues to witness robust adoption in plasticizer production, which prevails as a critical component for paint and coating formulations. Additionally, demand for plasticizers in PVC and cellulose fiber production, has significantly underpinned sales of synthetic camphor. The study estimates sales of synthetic camphor in plasticizer production to surpass 13 thousand tons in 2019.

Rise in the construction sector, along with increasing demand for renovation and maintenance of existing structures, continues to drive demand for plasticizers in flooring and wall covering applications. Additionally, remarkable demand for plasticizers in flexible Polyvinyl Chloride (PVC) manufacturing, and to soften plastics used in wall covering and flooring, will remain a key sales determinant of synthetic camphor.

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East Asia to Hold Pole Position in Synthetic Camphor Market

According to the FMI report, East Asia is likely to remain lucrative in the synthetic camphor market. In East Asia, China is expected to account for the highest sales of synthetic camphor, surpassing 12 thousand tons in 2019. Owing to the presence of a large number of pharma-grade synthetic camphor manufacturers in China, the country is witnessing the growing demand for synthetic camphor.

Growing overseas demand for synthetic camphor and significant growth in Chinese gum turpentine industry are the key factors influencing the market growth in the country. Additionally, with the development of Chinese gum turpentine derivatives such as synthetic camphor and synthetic borneol, overseas companies are eyeing use of these derivatives over gum turpentine.

Majority of the pharma-grade synthetic camphor manufacturers are concentrated in China and India, exporting their products to Europe and the US. Due to the availability of raw materials and synthetic camphor on a large scale in China and India, global manufacturers of camphor and other related chemical are focusing on expanding their businesses in East Asia.

Key Players

Some of the players reported in this study include Fujian Qingsong Co. Ltd., Mangalam Organics Limited, Suzhou Youhe Science and Technology Co., Ltd., Saptagir Camphor Limited, Oriental Aromatics Limited, Wuzhou Huangpu Chemical Pharmaceutical Co, Ltd., Kanchi Karpooram Limited, Taiwan Tekho Camphor Co., Ltd., Caesar & Loretz GmbH, Merck KGaA, Recochem Inc., Xiamen Hisunny Chemical Co., Ltd, SkyRun  Industrial Co., Ltd, Shanghai Huayi Group Huayuan Chemical Co., Ltd., Fengchen Group Co., Ltd, Aldon Corporation, Prinova LLC, Teloonchem International Co., Limited, among others.

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Synthetic camphor Market: Segmentation

Grade

  • Technical Grade Synthetic Camphor
  • Pharma Grade Synthetic Camphor

Application

  • Pharmaceuticals
  • Personal Care
  • Plasticizer
  • Flavour & Fragrance
  • Others

Region

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

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

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Industrial Cleaners Market to be worth US$ 32.45 Bn by 2028, Get Insights FMI

The industrial cleaners market is highly fragmented owing to the presence of a large number of global and domestic players who are leveraging product differentiation to stay ahead in the game. Improved aesthetics and fragrance coupled with innovative production processes to increase product shelf life is pushing revenues in the market for industrial cleaners, as elucidated in a new research study by Future Market Insights (FMI).

The market is creating increasing growth opportunities for both existing players as well as new entrants. Industrial cleaners manufacturing is relatively cost effective, given the low production costs owing to low investment of capital and limited process training. A low entry barrier for new players is characteristic of the industrial cleaners market.

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FMI attributes growth in sales of industrial cleaners to rapidly increasing demand from end-use industries. Adoption of industrial cleaners has increased significantly across industries such as food and beverages, manufacturing, oil and gas, petrochemicals, and other industries. Growing health and safety concerns especially in the manufacturing sector is pushing demand for industrial cleaners. Industrial cleaners clean and protect manufacturing equipment and make it safe, free from corrosion, and more efficient. Industrial cleaners also help reduce the harmful effects of chemicals used in manufacturing processes on human health as well as the environment. This is one of the significant factors boosting adoption of industrial cleaners across end-use industries.

Sustainable Industrial Cleaning Solutions Trending the Global Market

Global warming has led to a growing demand from industries for sustainable cleaning solutions that are environment friendly, efficient, and safe for human health. Manufacturers of industrial cleaners are launching sustainable products that are safe and effective in a bid to stay competitive.

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Multipurpose Industrial Cleaners are a New Trend in the Global Market

Manufacturers in the industrial cleaners market are launching multipurpose cleaners capable of serving different purposes such as degreasing, acidic cleaning, and other cleaning functions. Launch of a single product with multipurpose functions is a key manufacturer strategy being witnessed in the industrial cleaners market.

Segmental Insights from FMI’s Report on the Industrial Cleaners Market

  • The degreasers product type segment is expected to hold high market share in the industrial cleaners market, as degreasers are the most common type of industrial cleaners used in manufacturing industries for cleaning equipment with moving parts, which tend to accumulate rust and grease.
  • The oil and gas and petrochemicals end-use industries are expected to register high demand for industrial cleaners. The use of multiple chemicals and equipment in these industries is expected to fuel adoption of industrial cleaners.

Industrial Cleaners Market: Regional Insights

Growth of the industrial cleaners market is expected to be driven mainly by the markets in China, South East Asia & Pacific, and India. North America and Europe are projected to hold high market shares in the global industrial cleaners market, and these regions are expected to create huge demand for industrial cleaners due to the growing number of manufacturing industries. The rapidly expanding population and increasing need for consumer goods in China and India has led to rapid development of the manufacturing sector, which in turn is expected to create huge demand for industrial cleaners.

Key Players in the Industrial Cleaners Market

Some of the leading players in the global industrial cleaners market include Kao Chemicals GmbH, Neos Company Limited, BASF SE, Croda International plc, Huntsman Corporation, 3M Company, Stepan Company, Quaker Chemical Corporation, WVT Industries, The Dow Chemical Company, Evonik Industries AG, Akzo Nobel N.V., Clariant, Ecolab, Solvay S.A., and Mitsubishi Chemical Holdings Corporation.

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Industrial Cleaners Market: Segmentation

Product Type

  • Acidic Cleaners
  • Optical Effect Products & Stabilizers
  • Surfactants
  • De-foaming Agents
  • Disinfectants
  • Degreasers
  • Deodorizers
  • Refinery Specific Cleaners

End Use Industry

  • Oil, Gas & Petrochemicals
  • Power Generation
  • Metallurgy
  • Chemicals
  • Food & Beverages
  • Paper & Print
  • Sugar
  • Textiles
  • Other Manufacturing

Region

  • North America
  • Latin America
  • Europe
  • South East Asia Pacific
  • Middle East & Africa
  • China
  • Japan
  • India

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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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Rising Preference for Cost Effective Inverters in India Will Spur Demand for Solar Inverters Market

The global solar inverter market is set to reach a valuation of US$ 11 Bn in 2022. Sales in the market are forecast to increase at a 6% CAGR over the forecast period. Increasing usage of solar panels and renewable energy will augment the growth in the market. Hig adoption of solar inverters in the residential, commercial, industrial and utilities will continue driving sales in the market.

Over the past years, manufacturers are expanding their product lines with new technological advancements in inverter technologies. As solar energy utilisation in photovoltaic systems is mostly dependent on the inverter, solar inverters are potentially beneficial for lowering global warming and greenhouse impact.

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Micro inverters are gaining popularity due to heavy usage in most applications. Microinverters work in the same way as string inverters, except they are put beneath each solar panel on your roof. Each of these microinverters is roughly the size of a router. New electrical rules demand quick solar system shutdown to protect first responders and firemen from excessive voltage when on roofs or maintaining power lines. Microinverters meet these requirements for quick shutdown and have this capability built into each module.

“Increasing awareness regarding energy-efficient household equipment, along with stringent regulations pertaining to carbon emissions and energy consumption will drive sales of solar inverters,” says an FMI analyst.

Key Takeaways:

  • Based on product type, demand in the central inverters segment will create an absolute dollar opportunity of more than US$ 6.4 Bn over the forecast period.
  • By end-use, the residential segment is forecast to create an absolute dollar opportunity of US$ 4.1 Bn over the assessment period.
  • Total sales in the U.S. market are expected to increase at a 5.2% CAGR through 2032.
  • Japan will emerge as a lucrative pocket, with demand growing at a 6% CAGR over the forecast period.
  • The India solar inverter market will expand at a 7% CAGR through 2032, surpassing a valuation of US$ 827.2 Mn.

Competitive Landscape

The solar inverter market is consolidated with leading players holding around 80%-85% of the total market share. These players are likely to invest in new technology development and expansion of their distribution networks to maintain their market presence.

Some of the key players in this industry include Siemens AG, Fimer Group, SMA Solar Technologies, Eaton, ABB Ltd, Schneider Electric, and others.

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Driving the U.S. Solar Inverter Market

“Increasing Awareness Regarding Renewable Energy in the U.S. Will Drive Sales of Solar Inverters”

In 2022, the solar inverter market in the U.S. is predicted to expand at a  5.2% CAGR. The development of new and innovative products by manufacturers operating in the U.S. will augment the growth in the market. According to the study, total sales in the U.S. market will reach US$ 2.7 Bn by the end of 2032.

Japan Solar Inverter Market Faring

“Growing Demand for Solar Inverters in Japan Will Fuel Growth”

Japan is predicted to account for a dominant share in the East Asia solar inverters market, with sales projected to increase at a 6.0% CAGR. The presence of some of the world’s largest manufacturers along with the implementation of stringent regulations regarding energy consumption in the country will boost sales in the forthcoming years. The Japan market will surpass a valuation of  US$ 786 Mn by 2032.  

Demand for the Solar Inverters is Rising in India

“Rising Preference for Cost Effective Inverters in India Will Spur Demand for Solar Inverters”

As per FMI, sales in the Indian market are anticipated to rise at a 7% CAGR over the forecast period. High demand for energy-efficient inverters in India is expected to augment the growth in the market in the forthcoming years. By the end of 2032, total demand in India will exceed a valuation of US$ 827.6 Mn.

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Global Solar Invertor Market by Category

By Type:

  • Central Invertor
  • Micro-Invertor
  • String Invertor

By System Type:

  • Off Grid
  • On Grid

By Phase:

  • Single Phase
  • Three Phase

By End-Use:

  • Residential
  • Commercial and Industrial
  • Utilities

By Region:

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

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Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape

Lead Acid Battery Market Size –  North America is anticipated to be the largest market for lead acid due to the matured and developed automobile sector in the region. The presence of leading automobile companies, such as Toyota, Ford motor company, General Motors,

Solar Microinverter Market Size – Global demand for solar microinverter is expected to at a CAGR of 18.1% from 2022 to 2032, reaching a valuation of US$ 5,716.0 Mn by 2032

Biocomposites Market Size – According to Future Market Insights, the global demand for biocomposites is projected to increase at a prolific CAGR of 16% during the forecast period between 2022 and 2032.

Industrial Safety Footwear Market Size – The increasing rate of ergonomically designed safety shoes is one of the latest protective shoe market trends. Ergonomically designed footwear has a more significant influence on body weight and movement, which if not implemented can lead to several health issues accompanied by comfort and fitness issues.

Powered Lawn Mowers Market Size – During the forecast period, a rapid growth rate in the market for powered lawn mowers in North America is anticipated with a market share of 34.0% in 2022.

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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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Di-electric Gases Market to grow at a rate of 7.6% by 2031 | Get Customized Reports

Surge in demand for SF6 gases from the power industry is expected to remarkably contribute towards the expansion of the di-electric gases market, finds Future Market Insights (FMI) in a study. According to the report, the market is forecast to exhibit 7.6% CAGR by 2031. Growth will continue especially as the demand from power utilities continues rising. As per FMI, SF6 gases will account for over 85% of sales in 2021. Bullish growth is on cards despite a period of temporary lull following curbs imposed amid COVID-19.

Globally, the di-electric gases market is driven by the increasing demand for SF6 gas in power utilities, transportation, and chemicals & petrochemicals industries. The power utilities and transportation industries among them have emerged as key end users, with power utilities accounting for over 50% of di-electric gases sold. Promising growth is on cards as there is unavailability of any substitute products for SF6. The application of SF6 as an insulating medium in gas insulated products, such as switchgears, transformers, and gas insulated lines will therefore gain momentum in the coming years.

Dielectric gases are dielectric materials that exist in the gaseous state. These gases are generally used as insulating medium in high voltage transmission units, such as transformers, switchgears and gas insulated lines. The gas used as an insulating media must have chemical inertness, good dielectric strength, high thermal stability, non-flammability, and low boiling point. The most common gases used across the globe for insulation purpose in dielectric gases are dry air, Nitrogen, SF6, fluoroketones (FK), fluoronitrile (FN) and others. In the others segment perfluorcarbon (PFC), fluoroxirane (FO), and all the remaining combinations used as dielectric medium in gas insulated transmission units.

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Key Takeaways from Di-electric Gases Market Study

  • Driven by the rising demand from power utilities, the di-electric gases market will continue expanding, reaching a valuation of US$ 241.4 Mn by 2031
  • Expansion of power utilities and the oil and gas sectors is giving tailwinds to growth in the U.S., which will continue account for over 75% of sales by 2031
  • Increasing investment is identified as a chief driver of the U.K. market, enabling y-o-y growth at 7% in 2021
  • Germany and France too will report impressive recovery following a period COVID-19 induced slowdown in the di-electric gases market
  • China’s contribution towards East Asia market will continue rising, trailed by South Korea

Di-electric Gases Market: Participant Insights

Key manufacturers in the Di-electric Gases market, like The 3M Company ,Solvay S.A. ,General Electric, The Linde Group, KPL International Limited, Matheson Tri-Gas, Inc., Kanto Denka Kogyo Co., Ltd., Showa Denko K.K., ABB Inc., Messer Group GmbH and others.  are focused on strengthening their product portfolio and expanding their market footprint through acquisition of smaller companies in the market.

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Di-electric Gases Market by Category

Gas Type

  • SF6 Di-Electric Gases
  • Dry Air Di-Electric Gases
  • Nitrogen Di-Electric Gases
  • Fluoronitrile (FN) Di-Electric Gases
  • Fluroketones (FK) Di-Electric Gases
  • Others

By End Use Equipment

  • Switchgear
  • Transformers
  • Gas Insulated Lines

Application

  • Medium Voltage
  • High Voltage
  • Extra & Ultra High Voltage

Region

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

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Want to Know More?

Future Market Insights has published a market research report on the Di-electric Gases market that contains global analysis for 2016–2020 and opportunity assessment for 2021–2031. The report provides insightful analysis of the Di-electric Gases market through five different segments- Gas type, by End Use Equipment, by application, By End Use and region.

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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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Surge Arrester Market Overview by Product Type, End-Use, Application, Voltage & Region And Forecast 2022 – 2032 – FMI

The global surge arrester market is expected to reach US$ 1.5 billion in 2021, representing a 4.1 percent year-on-year increase. Surge arrester sales are predicted to grow at a CAGR of 5.0 percent, reaching a valuation of US$ 2.6 billion by 2032.

Growth can be ascribed to rising global energy demand, growing industrialization, and improved urban infrastructure. Furthermore, rising investments in smart cities are likely to fuel surge arrester demand in the future years.

Increased machine utilization and demand for high-quality products in various industries, as well as the integration of smart devices into machinery, are some of the factors driving the Surge Arrester Market in the industrial automation industry. Automation is being implemented in industries to boost productivity and lower labour expenses. FMI delivers deep market insights for Market players to use in developing long-term plans to keep their competitive advantage in the industry.

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Our analysts use primary and secondary research, as well as a wide range of data sets obtained from organic and inorganic sources, to produce forecasts for the following decade.

Understanding the Impact of Covid-19 on Industrial Automation Industry

The COVID-19 outbreak has been posing staggering challenges for the industry. Like other industries, the industrial automation industry has been particularly affected due to the lack of equipment and availability of the products. Furthermore, dearth of labor, factory closures, and supply restrictions induced by the pandemic crisis resulted in slight setback in 2020.

Lack of human assistance and key player’s hesitation in investing for high-end machineries during the pandemic has negatively impacted the industrial automation industry in 2020. However, with relaxation in lockdown, the Surge Arrester Market has picked up the pace.

The FMI’s recent report talks about the Market scenario in the chapter on the Covid-19 impact analysis to aid the Market players for the upcoming years. The report gives a detailed Market analysis surrounding the Market condition and its impact on the Surge Arrester Market.

Key Questions Answered in the Report

  1. What are the key trends and challenges that will affect global Surge Arrester Market in upcoming years?
  2. What are the factors that will influence the Surge Arrester Market demand?
  3. Which region will be the most lucrative for Surge Arrester Market throughout the forecast period?
  4. How will evolving regulatory policies impact the Market growth?
  5. What is the impact of Covid-19 on the Surge Arrester Market?

Surge Arrester Market: Segmentation

Detailed analysis on the geographical region and country wise insights are offered in the latest Surge Arrester Market report with established Market players as well as incumbents in the region.

On the basis of voltage type, global surge arrester market can be segmented as:

  • High voltage surge arresters
  • Medium voltage surge arresters
  • Low voltage surge arresters
  • B class
  • C class
  • D class

On the basis of housing type, global surge arrester market can be segmented as:

  • Polymeric
  • Porcelain
  • Silicon
  • Polymer Intermediate

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Competitive Analysis

By Prominent Market Players

  • ABB
  • Siemens
  • Eaton.
  • Hubbell Incorporated
  • Schneider Electric
  • CG Power & Industrial Solutions Ltd.

With a detailed segmentation on segments and sub-segments, the FMI’s study offers the strengths, weaknesses, growth prospects and opportunities of each player. The report also includes important Market study including the historical revenue prospects, pricing strategy, and Marketing strategy adopted by these players in the Surge Arrester Market

Why Future Market Insights?

  • Comprehensive analysis on evolving purchase pattern across different geographies
  • Detailed insights of Market segments and sub-segments for historical as well as forecast period
  • A competitive analysis of prominent players and emerging players in the Surge Arrester Market
  • Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
  • Ground breaking research and Market player-centric solutions for the upcoming decade according to the present Market scenario

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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According To A Thorough Research Report By FMI, The Automated Parcel Delivery Terminals Market Will Reach US$ 2 Billion By 2032

According to industry estimates, the global market for automated parcel delivery terminals will reach US$ 720 Million by 2022 and is expected to reach US$ 2 Billion by 2032 while recording a CAGR of 10.9% during the forecast period from 2022 to 2032.

With a growing demand for more deliveries and increasing pressure for shorter response times, there is a growing need for shorter transportation times in the automated parcel delivery terminals in the market. Increasing demand for online medicine delivery apps as well as same-day delivery systems has resulted in significant growth in the market for automated parcel delivery terminals.

Market participants are experiencing new methods of parcel delivery with the growing adoption of innovative distribution channels. E-commerce companies, retailers, and manufacturers are working together in order to meet consumer demands in real-time while minimizing operational costs. To provide customers with individualized service, companies are integrating technological advances such as proactive maintenance, facial recognition, remote monitoring, and IoT-based services. All these factors are stimulating market growth for automated parcel delivery terminals in the market.

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List of Key Players Covered in Automated Parcel Delivery Terminals are:

  • Keba AG
  • Cleveron Ltd.
  • Neopost group
  • Smartbox Ecommerce Solutions Pvt.Ltd.
  • Winsen Industry Co., Ltd.
  • InPost
  • TZ Ltd.
  • ByBox Holdings Ltd.
  • ENGY Company
  • Bell and Howell, LLC

DPD in October 2021, gears up for a record peak with a new 150 million euro super hub in Hinckley, Leicestershire is set to be fully operational as part of plans for a record-breaking Peak. There are five hubs in the UK that are operated by DPD and this is one of their greatest fully automated hubs in domestic parcels in Europe. The new facility is the company’s most environmentally friendly and technologically advanced facility to date.

In February 2022, Korber, an international technology group signed an agreement to acquire Siemens Logistics’ international mail and parcel business. The company stated that Körber’s acquisition significantly bolsters its supply chain offering. The acquisition is expected to close in the current calendar year at a price of approximately 1.15 billion Euros.

“Innovative APMs are being rapidly expanded as part of the long-term goal by vendors in order to establish a nationwide network of APMs and parcel pick-up sites at partner shops in the future, which will help to expand the market.”

Key Takeaways:

  • The market value of automated parcel delivery terminals was US$ 639.9 Mn in 2021 and is projected to reach a value of US$ 720 Million in 2022 with a CAGR of 10.9% during the forecast period.
  • Indoor Terminal automated parcel delivery terminals segment to expand at a CAGR of 10.5% during the forecast period.
  • In the forecast period, the shipping and logistics firm is expected to grow at a compound annual rate of 11.3%.
  • In the U.S., the market is predicted to reach US$ 142.3 Million while growing at a CAGR of 19% during the forecast period.
  • Japan is expected to reach a CAGR of 17.5% during the forecast period between 2022 and 2032.

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Regional Insights

By 2032, the US automated parcel delivery terminals market is expected to account for 19% of the total revenue share, led by the rapid progress of logistic and technological advancement in these businesses, which will lead to the growth of the market.

APAC is projected to dominate the automated parcel delivery terminals market during the forecast period. With the rise in online business activity in countries like India and China and ongoing investments in the logistics industry, the industry is seeing opportunities for growth in the 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.

Contact Us:

Future Market Insights, Inc

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Magnetic Drive Pump Market will grow at a CAGR of 5.3 percent by the end of 2031 – FMI

According to a recently published report by Future Market Insights (FMI), the demand for magnetic drive pumps is expected to increase by 4.4% YoY in 2021, with shipments expected to reach 822,539 units.

According to FMI, sales of positive displacement pumps increased by 4.5% to reach 390,000 units, while sales of centrifugal pumps increased by 4.2% to reach 430,000 units. Sales of magnetic drive pumps are anticipated to grow at a CAGR of 5.3% through 2021, reaching a value of US$ 807,9 Mn.

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Key Takeaways:

In terms of pump type, the centrifugal pumps segment is projected to hold 52.6% of the total magnetic drive pump market share.
Applications of magnetic drive pumps are anticipated to continue rising in the water treatment and mining sector, accounting for 15.6% and 13.3%, respectively.
Stainless steel is expected to remain the most-preferred casing material for magnetic drive pump services
China is anticipated to emerge as an attractive market, capturing 40.2% of the East Asia magnetic drive pump market share.
Germany is projected to lead the Europe’s magnetic drive pump market, growing at a 5.1% CAGR.
India will continue experiencing high demand for magnetic drive pumps, capturing 31.8% of the South Asia Pacific market share.
Japan and South Korea will collectively account for 8% of the global market share.

“Integration of advanced technology due to focus on automation in construction and mining industries is pushing the sales of advanced magnetic drive pumps. CAPEX investments and increase in water treatment projects also are expected to provide lucrative opportunities for the magnetic drive pump market. Steered by this, some of the leading OEMs are investing in strategic alliances, partnerships and product innovations to gain competitive advantage in the global market. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise,” says FMI analyst.

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Competitive Landscape

The market is expected to be primarily consolidated, with key players accounting for more than half of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in the market are

Ebara Corporation, Flowserve Corporation, Kirloskar Brothers Limited, ITT Goulds Pumps Inc., Iwaki Co Ltd., Klaus Union, March Manufacturing, Ruhrpumpen Inc., Sundyne LLC, Xylem Inc., PRECISION ENGINEERING CO., Grosvenor Worldwide Private Limited, GCA Energy, Magnatex Pumps, Inc., Grundfos Pumps Corporation, TEIKOKU ELECTRIC MFG. CO., LTD., ELEPON E.C.A.P. Corporation, NIKKISO EIKO Co., Ltd., etc.

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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Future Market Insights, Inc
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Breast Pumps Market Set to Witness an Uptick Size US$ 2.45 billion by 2030-end: Future Market Insights

The breast pump market size are predicted to grow at a CAGR of 4.6% from 2022 to 2030, reaching a market worth of US$ 2.45 billion by the end of that year, up from US$ 1.72 billion in 2022.

Emerging economies are witnessing impressive growth in healthcare spending. This can be attributed to improvements in healthcare technology and changing lifestyle, which is fueling the demand for breast pumps among urban women.

According to WHO, the global healthcare spending rose by 2.4% in 2014 over 2013. Healthcare spending is growing at a rate of 5% in developing regions. Rise in healthcare expenditure is expected to boost overall adoption of breast pumps among women, especially in Asia Pacific.

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Breast pump adoption is as high as 85% among breast feeding women at 3 months post-birth. Furthermore, marketplace discussions indicate that the availability of breast pump accessory products will also encourage the adoption of electric breast pumps in developed markets. In this regard, infant product manufacturers are increasingly bundling other pump-related products, such as nursing bras and breast pumping bras, to sell complete package of breast pumps, which is anytime more profitable than isolated sales.

Electrical breast pump packages find more adoption than manual breast pump products due to better volume of output. These innovative solutions are projected to fuel breast pump market revenues in the global electric breast pumps market during the forecast period.

Report highlights the potential factors fueling the revenue growth of the breast pump market globally. A breast pump is a medical device used to elicit breast milk from lactating women. Breast pump products are available in two models, including manual breast pumps and electrical breast pumps. Electric breast pumps are available in two formats: single electric breast pumps and double electric breast pumps.

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This report analyzes total revenue generated through sales of breast pump products, which include manual breast pumps and electric breast pump devices for breast feeding. Breast pump products are increasingly becoming a necessity among working women across the world as the inclusion of women in workforce is increasing globally. Since the last few years, the percentage of working women in workplaces across the globe has been declining (46.2% in 2019 as compared to 50.9% in 1990 as per “Catalyst”).

Breast Pumps Market Segmentation:

By Product Type

  • Open System Breast Pumps
  • Closed System Breast Pumps

By Technology Type

  • Electric Breast Pumps
    • Single Electric Breast Pumps
    • Double Electric Breast Pumps
  • Manual Breast Pumps

 By End User

  • Homecare Settings
  • Healthcare Facilities

By Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Japan
  • Asia Pacific Excluding Japan (APEJ)
  • Middle East & Africa (MEA)

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Key Market Players:

  • Koninklijke Philips N.V.,
  • Pigeon Corporation,
  • Newell Brands,
  • Medela Inc.,
  • Ameda Inc.,
  • Hygeia II Medical Group Inc.,
  • Bailey Medical,
  • Mayborn Group Ltd. and Linco Baby Merchandise Works Co., Ltd.
  • Others

The Electric breast pump market is more technologically advanced with higher product pricing and low penetration. This category of breast pump comprises few global breast pump manufacturing companies. Potential new entrants in breast pump market are trying to capture and improve their market position by using innovative marketing strategies, such as inorganic growth. Breast pump manufacturers are expanding their product portfolio using latest technologies.

Availability of BPA free breast pump products is fuelling breast pump adoption in developed as well as more the affluent markets in developing regions. In the recent past, breast pump manufacturers have begun offering bisphenol A or BPA-free breast pump products to increase sales. BPA is a chemical used to make milk container or feeding bottle rigid and more resistant and has been associated with adverse health effects, such as neural and fertility issues. Examples of some BPA free breast pump products are Philips Avent Manual Comfort Breast Pump from Koninklijke Philips N.V. and BPA-free breast pumps by Medela, Inc.

Rapid rise in promotional/supporting campaigns for Breast Pump products is fuelling revenue growth of the breast pump market. In November 2012, leading breast pump manufacturer Medela launched a campaign titled ‘Virtual Human Milk Collection Campaign’ to commemorate Prematurity Awareness Month, where the breast pump manufacturer encouraged and demonstrated the importance of breast milk for infants and babies. Medela has also donated US$ 30,000 worth of breastfeeding related products to various neonatal intensive care units across the U.S.

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About Future Market Insights (FMI) 

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 8-years.

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