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Africa Zero Liquid Discharge System Market Current Trends And Future Growth Estimations Outlook To 2031

As per a Future Market Insights (FMI), the Africa zero liquid discharge system market is projected to total US$ 27.7 Mn in 2021, growing at a positive 5.4% CAGR over the assessment period, from 2021 to 2031. Product innovations in zero liquid discharge systems, along with robust aftersales service network and product customization offered by key market players are anticipated to push sales of zero liquid discharge systems in Africa.

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After countering the initial impact of the unprecedented COVID-19 outbreak, the Africa zero liquid discharge system market is anticipated to witness year-over-year growth at 5.0% between 2020 and 2021. FMI projects Germany, France, Spain, and South Africa to emerge as key producers in the Africa zero liquid discharge system market during the forecast period.

2016-2020 Africa Zero Liquid Discharge System Market Outlook Compared to 2021-2031 Forecast

Demand for zero liquid discharge (ZLD) systems in Africa is projected to grow at 5.4% CAGR between 2021 and 2031, in comparison with 2.3% CAGR registered during 2016-2020. Rising demand for new process facilities, along with overhauling of existing effluent treatment systems will continue augmenting market growth in the forthcoming years.

With the persistent water crisis, demand for ZLD systems for new sources of potable water in African countries is on a rise. On industrial front, end users of ZLD systems include food & beverage, textiles, electricity generation, mining, oil & gas exploration, and pharmaceutical industries.

One of the key factors driving the adoption of ZLD over conventional effluent treatment plant (ETP) systems is increased efficiency and a cutting-edge wastewater treatment process that eliminates all liquid discharge from a system. Capital expenditure in Africa, from the regional as well as foreign direct investments, is facilitating growth by creating opportunities for expansion of businesses operating in the market.

However, High Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) are still major restraints for ZLD plants as they usually have higher installation costs as compared to other wastewater treatment processes. Increasing scope of zero effluent discharge and provision of reuse in process stages is driving sales of hybrid zero liquid systems over conventional effluent management systems. Hybrid zero liquid discharge systems offer high efficiency and reduce energy consumption, while offering long term economic benefits.

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Besides this, expansion of chemicals, petrochemicals, mining & metallurgy, and textile industries will continue spurring demand for zero liquid discharge systems in the forthcoming years.

“New system installations and overhauling of traditional effluent treatment plants will positively shape the demand outlook for zero liquid discharge systems over the forecast period. Along with this, increasing investments in the energy, mining and pharmaceutical industries will create lucrative prospects for market players in forthcoming years,” says the FMI analyst.

Key Takeaways of Zero Liquid Discharge System Market Study

Based on system type, conventional ZLD segment is estimated to account for over 60% of the market share in 2021.
Applications of ZLD systems in mining & metallurgy are anticipated to gain traction. The segment is projected to grow high CAGR of over 5.5% in 2021.
Northern Africa and Southern Africa have been estimated to be the leading regional markets in terms of revenue generation, valued at US$ 10.9 Mn in 2021.
Namibia is anticipated to emerge as an attractive market, accounting for 27.5% of the African zero liquid discharge system market share.

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Competitive Landscape

As per FMI’s analysis, the zero liquid discharge system market in Africa is highly consolidated, with leading players accounting for nearly 3/5^th of the market share. Some of the key players in the market are are Veolia, SUEZ, GEA Group, ANDRITZ AG, Thermax Global Limited, IDE Technologies, Alfa Laval AB, Multotec Group, Condorchem Envitech, Cannon S.p.A. and Ion Exchange India Limited.

Top 5 players operating in the Africa zero liquid discharge system market include Veolia, SUEZ, GEA Group, Alfa Laval AB, and Multotec Group.

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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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China Industrial Hoses Market Research, Segmentation, Key Players Analysis and Forecast to 2031

Sales of industrial hoses in China are set to be valued at US$ 986.5 Mn in 2021, with a steady long-term projection, according to latest data by Future Market Insights. The report estimates the market to expand at over 7% CAGR from 2021 to 2031.

Steady demand from the automotive industry and energy applications drives sales. The need for transporting media from one destination to another seamlessly and conveniently is a supporting factor driving the market from 2016-2020.

The demand for industrial hoses witnessed a slight dip in 2020 due curbs on production and subsequent supply chain activities owing to the COVID 19 pandemic. China witnessed a rebound in the GDP growth rate of 3.2% by Q2 end, with an industrial sector growth rate of over 8% as compared to 2019.

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The sales of industrial hoses in China are also understood to have risen with demand from its domestic market commanding over 55% of the nation’s total sales and consumption. The export curbs are also likely to be eased in the upcoming years.

The oil and gas industry is considered as one of the prominent users of industrial hoses. Crude oil and gas being corrosive in nature may erode linings and will call for regular installment of hoses, thus driving the sales of replacement units. Superior grade materials such as composites, polymers, and steel is expected to augur the sales of industrial hoses to a high degree.

Advent of cryogenics in HVAC, industrial air separation plants, and medicine has necessitated the use of industrial hoses under extreme pressure and temperature. Steel and braided hose types have been preferred for the same. The demand is likely to be propelled by the medical and life sciences sectors incorporating cold storage systems and cryogenics.

Key Takeaways from Market Study

China has an estimated share of 9.1% of the global industrial hoses market and close 30% of regional market consumption owing to the country’s high manufacturing output.
Lubricant hoses to hold the lead with US$ 166.1 Mn in 2021 owing to extensive use in automotive applications.
Plastic and polymer hoses account for over 33% of the value share in 2021, owing to cost and durability benefits.
Energy applications to account for US$ 148 Mn in 2021, driven by investments in energy infrastructure upgrades.
Leading provinces in China are estimated to contribute over 40% of the overall market consumption at 1.1 X of the overall CAGR.

“Transportation of critical fluids under stringent pressure regulations and demand from construction, oil and gas, and cryogenics sectors are major factors driving the demand for industrial hoses in China through 2031,” says a Future Market Insights analyst.

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Competitive Landscape

The market is highly fragmented, with key players accounting for slightly more than one-fifth of the market share. These players are likely to invest in developing new materials and expansion of their clientele in various industries to enhance their product portfolios.

Some of the key players in this industry are Parker Hannifin Corporation, Tiger Polymer Corporation, Continental AG, Eaton Corporation, Rehau Group AG, Balflex LLC, Trelleborg AB, Kuriyama Holdings Corporation, and Qingdao Everflex Rubber & Plastic Co., Ltd. amongst others.

Industrial Hoses Market by Category

By Material:

Plastics & Polymers
- PTFE
- PUR
- PVC
- Nylon
- Silicone
- Hybrid
Steel
Braiding Yarn
Composites

By Product Type:

Tank Water Hoses
Gardening Hoses
Fuel Hoses
Diving Hoses
Brake Hoses
Bicycle Hydraulic Brake Hoses
Lubricant Hoses
Hydraulic Hoses
Mini Hydraulic Hoses
Pneumatic Hoses
Cryogenic Transfer Hoses
Gas Connection Hoses

By Pressure Intake:

Low Pressure
Medium Pressure
High Pressure
Ultra High Pressure

By Application:

Commercial Plumbing
Residential Plumbing
Gardening
Manufacturing
- Food & Beverages
- Chemicals
- Pharmaceuticals
- Others
Cryogenics & Air Separation Plants
Energy
Marine Engines & Equipment
Diving Device
Vehicles
Heavy Duty Trucks
- Off Road Construction & Earth Moving Equipment
- Industrial Forklifts
- Agricultural Vehicles
- Mining Vehicles
- Fuel Tankers
Water Tankers

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Binary Drivers Market Development Status, Competition Analysis, Type and Application 2028

Integrating binary drivers into an Operating System (OS) enables operators to use the corresponding hardware devices. Binary drivers mediate the communication between a specific device and the corresponding operating system kernels.

These binary drivers are marketed either by the hardware supplier or the operating system developer. Typically, hardware manufacturers and suppliers offer binary drivers for the most popular operating systems in the market.

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Binary Drivers: Market Dynamics

The increasing adoption of automation-enabling software drivers for industrial and commercial computing devices is expected to be the primary factor driving the growth of the global binary drivers market. Developers offer reverse engineering services that enable automation of binary driver porting and development of replacement binary drivers with minimized security vulnerabilities and bugs.

This factor is also expected to drive the global binary drivers market during the forecast period. Availability of closed source binary drivers is another factor that is expected to facilitate the growth of the global binary drivers market during the forecast period.

However, developers offer binary drivers that are functional only for one or two Operating Systems. This restricts the range of binary driver device support on other operating systems. The restricted device support of binary drivers results in low market visibility of newer operating systems.

Such factors are anticipated to challenge the overall growth of the global binary drivers market. Faulty binary drivers having coded bugs is another factor that is anticipated to challenge the overall adoption rate of the global binary drivers market.

Operating systems must support a vast range of hardware for them to be viable and widely adopted, and developing binary drivers for other operating system platforms is not considered to be profitable due to the heavy development expenditure. The high development costs incurred by binary drivers are estimated to restrict the growth of the global binary drivers market during the forecast period.

Binary Drivers: Regional Market Outlook

The binary drivers market in Southeast Asia and others of Asia Pacific region is estimated to register the most attractive growth rate in the global binary drivers market. The ever-rising demand for efficient, bug-free operating system binary drivers in various industrial verticals in developing economies, such as India, is anticipated to enable the Southeast Asia and others of Asia Pacific region register a significant growth rate during the forecast period.

The binary drivers market in North America region holds the largest market share of the global binary drivers market, due to the high presence of software solution providers in the region, especially in the Unites States. However, the Western European binary drivers market is estimated to hold the largest market share of the global binary drivers market by the end of the forecast period.

Replacement and reverse engineering services offered by binary driver programmers to minimize the marketing of faulty, bug-infused driver files is expected to drive the binary drivers market across all the regions.

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Binary Drivers: Key Market Players

The key players in the global binary drivers market include Intel Corporation; Logitech; Microsoft; and NVIDIA Corporation, among other market players. Microsoft Corporation and Intel Corporation are estimated to hold the largest market share of the global binary drivers market during the forecast period.

The report covers exhaustive analysis on

Market Segments
Market Dynamics
Historical Actual Market Size, 2013–2017
Market Size & Forecast, 2018 to 2028
Supply & Demand Value Chain for the Market
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Technology
Value Chain
Market Drivers and Restraints

Regional analysis for the market includes

North America Market
Latin America Market
Western Europe Market
Eastern Europe Market
SEA & Others of APAC Market
Japan Market
China Market
Middle East and Africa Market

The report is a compilation of first-hand information, qualitative, and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

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

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Binary Drivers: Market Segmentation

With regards to the type, the global binary drivers market can be segmented into the following,

Database Binary Drivers
Executable Binary Drivers
Application Data Binary Drivers
Media Binary Drivers
Configuration Binary Drivers
Document Drivers
Library Drivers
Encryption and Compression Binary Drivers

Currently, media binary drivers hold the largest market share of the global binary drivers market.

With regards to the device class, the global binary drivers market can be segmented into the following,

Character Devices
Block Devices

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Reverse Osmosis Pump Market Current Scenario and Industry Growth Forecast with Major Key Players data by 2031

Driven by increasing applications in the oil and gas and water treatment sectors, the reverse osmosis pump market size is expected to surpass US$6.1 Bn in 2021, as per latest insights by Future Market Insights (FMI). The reverse osmosis pump demand outlook remains positive, and it is forecast to rise at a CAGR of 8.9% from 2021 to 2031.

The market exhibited an impressive 8.7% year-on-year growth between 2020 and 2021. It is projected to surpass a valuation of US$14.3 Bn by 2031. As per reverse osmosis pump market insights, sales of centrifugal pumps will remain high, accounting for over 71% of revenue generated through 2031.

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Global reverse osmosis pump market will be valued at US$ 6,077.8 Mn in 2021. The market will grow with a stable long-term projection, according to the latest insights by Future Market Insights. The report estimates the market to expand at above 8% CAGR from 2021 to 2031.

Growing need for reverse osmosis pumps in the residential and commercial sectors has led to increasing demand in the market. Oil and gas, power generation, and manufacturing industries are exhibiting for reverse osmosis pumps.

FMI predicts healthy growth in the oil and gas industry in economies such as China, India, the Middle East, and Africa. Expansion of the industry will create prospects for growth in the market. This is because reverse osmosis pumps are used to ensure accurate and repeatable transportation and filtration to minimise total dissolved solids (TDS) in oil and gas applications.

Desalination plants around the globe are leading customers of high capacity, high-end reverse osmosis pumps. Reverse Osmosis (RO) systems are widely accepted on the offshore platform and vessels to provide low TDS (total dissolved solids) water for better oil recovery.

Water filtration is imperative for the commencement of industrial processes. Considering this, the demand for reverse osmosis pumps have considerably risen in recent years. To meet the increasing demand, manufacturers are planning to build new manufacturing units or expand existing infrastructure and production capacities.

Demand for reverse osmosis pump slumped in 2020 because of the COVID-19 pandemic. However, the filtration unit of the domestic and commercial segments of the market were not affected hard owing to requirements for drinking water on a global scale. Despite the risk of stimulus for bottled water in many countries, the market’s long-term outlook remains optimistic.

Key Takeaways from Market Study

Centrifugal reverse osmosis pump will hold over nine-tenths of the market share in 2021.
Booster pumps are projected to hold over four-fifth of the overall market share as the leading pump type by 2031-end.
The market in the India is projected to expand at a CAGR above 15%, supported by investments into industrialisation.
The U.S. market is projected to grow at a CAGR nearly 6% CAGR through 2031, supported by presence of mature manufacturing infrastructure and water filtration sector.
The markets in China and Turkey will surge at around 7% CAGR over the next ten years, driven by the rising demand from industrial end users.

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“Investments in municipal water and wastewater sectors in emerging countries are projected to grow at higher pace as compared to developed countries, owing to higher scope for economic growth, demographic changes, and the need to catch up with basic infrastructure requirements, which will drive reverse osmosis pump sales through 2031,” says a Future Market Insights analyst.

Competitive Landscape

The market is highly consolidated, with key players accounting for over one-fifth of the market share. These players are likely to invest in new technology developments and expansion of their networks in order to gain competitive advantage.

Some of the key players in this industry include, but are not limited to Ebara Corp., Xylem Inc., Sulzer AG, and Kubota Corp.

2016-2020 Reverse Osmosis Pump Market Outlook Compared to 2021-2031 Forecast

Increasing need for industrial RO filtration units for separating contaminants such as pesticides, fluorides, bacteria, and arsenic drives demand. The reverse osmosis pumps market will grow at 8.9% CAGR between 2021 and 2031 compared to the 3.2% CAGR registered during 2016 – 2020.

These pumps are used to filter out contaminants for water in industrial processes. Companies have introduced products, with better materials which protect the pump material from acidic water and other impurities.

The growth of reverse osmosis units in domestic and commercial applications is subsequently expected to create major demand for reverse osmosis pumps. Reverse osmosis systems address concerns such as coronavirus, protozoans, cysts, viruses and other microbial present in the water.

Reverse osmosis pumps are used in various commercial applications such as restaurants, coffee shops, and bars to ensure the required output of dispensers without compromising on quality. The entire reverse osmosis unit also controls the taste of the liquids by reducing acidity, and increasing the mineral concentration. The need for pure water, which is essential for the sterilization of kitchen areas is also increasing the awareness for reverse osmosis. The need for advanced pumps which adhere to the standards of food standard bureaus, is also driving the demand for reverse osmosis pumps.

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Scroll Chiller Market Increasing Demand for Efficient Management Practices Report 2028

The Scroll chillers work on the principle of vapor compression cycle to produce the cooling effect in the most efficient manner. In scroll chiller, scroll refers to the specific type of compressor used by the chiller. Which is a common nomenclature for a scroll pump or a spiral compressor.

In a scroll chiller assembly, the scroll compressor operates with two interleaving scrolls means one scroll is placed inside to the other one to compress the fluids. In different cooling procedures and conditioning applications this mechanical unit i.e. scroll chiller is utilized.

There are numerous energy sources are utilized for the cooling, heating and ventilation purpose in the commercial and industrial application; of which the chillers took half of the accessible energy. In this manner, there came the prerequisite of efficient chiller equipment such as scroll chiller, absorption chiller to name a few due to the developing mindfulness with respect to energy conservation.

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Scroll chillers are compact in nature, as they generally accommodate smaller systems, owing to this attribute scroll chillers are generating significant demand space for outdoor & indoor use in small residential and commercial space.

Scroll chillers are turning over as an ideal choice in applications such as heat recovery, low temperature processing, ice making and thermal storage. With its unique USP of energy efficiency, they are also turning over as more environment friendly.

In the commercial market place, there are two types of scroll chiller i.e. water cooled scroll chiller & air cooled scroll chillers out of which the former one is gaining substantial demand. The usage of natural sources for the cooling cycle enables the balance of electric loads in peak hours.

Scroll Chiller Market: Market Dynamics

Numerous industries such as chemicals, plastic and printing among others are using scroll chillers in their production units in order to drop down their energy usage, maintenance cost & other overhead charges. By implementing scroll chillers in to their production practices, these industries are able to reduce down its electricity consumption by 12-15 %.

Apart from industries, these scroll chillers are highly considered and benefiting the small residential and commercial complexes in terms of energy conservation. As more and more small enterprise are seeking to reduce down the usage of refrigerants containing high ODP (Ozone Depletion Potential), thus looking after their preferences towards the usage of Scroll chillers.

Scroll chillers are really easy install, maintain & can be customized and tailor-made according to the variety of sound, mechanical and energy configurations. Thus, highly adopted in sound sensitive atmosphere such as institution, hospitals to name a few. Increasing electricity energy cost and electricity shortfalls are turning over as a major driving factors for scroll chillers.

Scroll Chiller Market: Region Wise Trends

China & Other Asian Countries such as ASEAN, India South Korea as a group dominate the global market for the scroll chiller sales in the past few years. Expansion of solar power, nuclear & geo thermal plants are the key reason implicit behind the increase in sales of scroll Chiller.

Rising HVAC (Heating, ventilation, and cooling) requirement in commercial & industrial application in NA & Western Europe creates substantial demand space for energy efficient sources, thus driving the demand for scroll chillers in the above said regions. In LA, MEA & EE there is substantial increase in the low capacity commercial verticals and expected to gain traction in the near future.

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Examples of some of the market participants in the Global Scroll Chiller Market identified across the value chain include:

Johnson Controls
Daikin
Mitsubishi Electric
Hitachi Appliances
Carrier
Dunham-Bush
Bosch
Mammoth
Blue Star.

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

The report covers exhaustive analysis on

Scroll Chiller Market Segments
Scroll Chiller Market Dynamics
Scroll Chiller Market Size
Scroll Chiller Market Installed base
Current Trends/Issues/Challenges pertaining to Scroll Chiller Market
Competition & Companies involved in Scroll Chiller Market
Technology related to Scroll Chiller Market
Value Chain associated to Scroll Chiller Market

Regional analysis includes

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

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Scroll Chiller Market: Segmentation

On the basis of Type, the Scroll Chiller Market can be segmented as:

Water-cooled Scroll Chiller
Air-Cooled Scroll Chiller

On the basis of Capacity, the Scroll Chiller Market can be segmented as:

<100KW
101KW-300KW
301KW-700KW
>700KW

On the basis of Application, the Scroll Chiller Market can be segmented as:

Residential
Industrial
Infrastructure
Commercial

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Mini Cranes Market High State Of Affairs, SWOT Analysis, Business Summary and Forecast 2031

Mini cranes are used to lift materials in plants and factories where larger cranes are not permitted. Mini cranes are thought to be ideal for transporting materials during the construction of a home. It is their specialty to navigate courtyards and easily access cliff edges, which larger cranes cannot do.

According to a study conducted by future Market Insights, the global mini crane market is expected to grow at a CAGR of 6.0 percent from 2021 to 2031. The mini crane market will be strained by rising demand for small cranes in industries such as metals, oil and gas, automobiles, and construction. Glass-glazing sports will have more opportunities.

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Spider cranes will be among the most commonly purchased mini cranes. Because of its short length and excellent manoeuvrability, their software is expected to thrive in a variety of industries. The creation quarter is expected to continue to be a major quit user. This quarter will provide nearly 65 percent of mini cranes in 2021.

Mini crane applications have considerably increased in the past few years, and so has their production across the globe. Although mini cranes are niche products, a substantial increase in demand is expected as a result of their ability to perform well in confined spaces and compact areas.

While demand from various industries will continue rising, maximum users are likely to prefer rented mini cranes to directly owned ones. This is seen as an ideal solution for cost-saving while getting the job done. With the expansion of industries forecast to continue, despite hitting a roadblock amid the pandemic outbreaks, sales of mini cranes are expected to surge shortly.

Key Takeaways from Global Mini Crane Market Study

Mini cranes sales will continue rising, enabling the market to reach a valuation of US$ 408.1 Mn in 2021
Government stimulus towards construction activities is presenting growth opportunities in the U.S., which will account for over 68% of sales in North America
Recovering industrial activities is favoring sales in the U.K., which will account for over one-fourth of sales in Europe
Germany and France will emerge as other key markets for sale within Europe
The presence of some of the leading companies will seal Japan’s dominance in East Asia

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“Companies operating in the market are introducing advanced technologies to keep pace with evolving industries. The implementation of connected technologies is one such example that facilitated remote access and monitoring. These developments are anticipated to create lucrative opportunities for growth in the future.” says an FMI Analyst.

Mini-crane sales are expected to increase due to increased demand from various end-use sectors. Japan, the United Kingdom, and the United States are expected to remain among the most profitable markets in the world. Demand is expected to increase in the coming years as applications in disaster management and electrical material handling expand.

However, due to the pandemic impact in the year 2020, the mini crane market saw a significant drop in sales due to supply chain disruption and a decrease in demand. Nonetheless, as industrial activity gradually recovers, mini crane sales will rise in response.

Who is Winning?

The global mini crane market has been identified as a consolidated market, with top players occupying the majority of the overall share. Some of the key market participants which are included in the report are Manitex Valla S.r.l., Hoeflon International B.V, Skyjack( Linamar), Microcranes, Inc., R&B Engineering, Promax Access, Jekko s.r.l, MAEDA SEISHAKUSHO CO., LTD, BG Lift, Furukawa UNIC Corporation.

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Switchgear Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2032

Global Switchgear Market sales are set to be valued at US$ 72.44 Bn in 2021 and are expected to have a stable long-term projection, according to the latest insights from Future Market Insights (FMI). ESOMAR-certified research and consulting firm. The report has forecasted the global switchgear market to grow at nearly 6.9 % CAGR from 2021-to 2031.

The report offers an analysis of the growth trajectory exhibited by the market in 20+ high-growth countries. It offers detailed insights into factors that will be driving growth over the coming decade.

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As T&D utility sector is estimated to witness a healthy growth rate in the forecast period. According to the report, T&D utilities are expected to account for nearly 46% of switchgear sold in 2021. Besides this, the demand is expected to surge in commercial, industrial, and residential sectors enabling growth in the market.

The demand for switchgear was moderate in 2020 however with it had to experience a brief period of lackluster growth on account of the unprecedented COVID-19 outbreak. Supply chain disruptions witnessed by end-use sectors such as T&D utilities, commercial, industrial and residential had restrained growth to an extent. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive.

Key Takeaways

After a period of negative growth, the market will show impressive improvement, registering above 6% y-o-y growth in 2021
The U.S. is expected to account for over 60% of sales in North America
After a period of negative growth, the U.K. will exhibit above 6% y-o-y growth in 2021, emerging as a strong market for switchgear
Expansion of the energy and utility sector will enable growth in Germany and France
Government initiatives are expected to support growth in Japan and South Korea

“Increase in demand for advancement in the switchgear and advent of the smart grid is expected to give impetus to switch gears. The use of the voltage fluctuator is very common in the heavy as well as commercial sectors. It is used in the transmission and distribution of energy to consumers and for running machinery. The need for energy is increasing day by day, which has been aiding the overall expansion of the switchgear market. ” says an FMI analyst.

The switchgear market is likely to grow at a moderate pace from 2021-to 2031. However, as it is a matured market, companies are expected to concentrate on research and development activities and capitalize on opportunities, especially in the field of T&D Utilities. Their key focus will however remain on meeting the requirements of consumers. Collaboration with local players and the development of new technology in the form of smart grids and advanced switchgear are key strategies adopted by the market players.

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Competitive Landscape

The market is fragmented, with key players accounting for approximately one-fifth of the market share. These companies are likely to invest in new technology developments and the expansion of their networks to maintain their market shares. Some of the key players in the market are ABB Ltd., Siemens AG, Schneider Electric, Havells India Pvt. Ltd., Hyundai Electric and Energy System, Fuji Electric, Powell Industries, etc.

Valuable Insights into Switchgear Market

FMI’s report on the switchgear market is segmented into six major sections – component (power distributor switch breaker, switch disconnector, MCCB, HRC fuse, earth switch, and MCB), voltage (low voltage, medium voltage, high voltage, extra-high voltage, ultra-high voltage), construction type (outdoor, indoor, and others), insulation type (air-insulated, gas-insulated, oil insulated, and vacuum insulated), end-use (T&D utilities, commercial, residential, industrial, and commercial), 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 retail automation.

Key Segments

By Component Type:

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

By Voltage Type:

Low Voltage (less than 1kV)
Medium Voltage (1kV to 75kV)
High Voltage (75kV to 230kV)
Extra High Voltage (230kV to 500kV)
Ultra-High Voltage (above 500kV)

By Construction Type:

Outdoor
Indoor
Others

By Insulation Type:

Air Insulated Switchgear
Gas Insulated Switchgear
Oil Insulated Switchgear
Vacuum Insulated Switchgear

By End User:

T&D Utilities
Commercial
Industrial
Residential

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

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Facility Management Software Market 2022 Key Players, End User, Demand and Consumption by 2032

According to the Facility Management Software Market analysis by Future Market Insights (FMI), the demand registered in the market will grow at a CAGR of 11.8% from 2022-2032.

The report also forecasts that the market will surpass a valuation of ~US$ 20,985.1 Mn by the end of 2022 and reach ~US$ 64,277.8 Mn by 2032. As per FMI, technological advancements and the introduction of automation systems for facility management have positively impacted market growth. These technologies have become significant in improving economic competitiveness, thereby driving the solution demand. The facility management software uses automated tools to capture and secure the data. Additionally, the rise of robots and automated machinery in various verticals are also responsible for driving market growth.

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Healthcare, travel & hospitality, education, and manufacturing are the major sectors using facility management solution to handle business processes easily. Due to advancements in cloud-based software, the facility management software is transforming the market gradually. With the help of this facility management software, the expenditure as well as the time required in managing the documents for industries such as healthcare and real estate have reduced.

Key Takeaways: Facility Management Software Market

By deployment mode, on-premises FMS segment is anticipated to account for the leading share of 4%in the global demand for facility management software in 2032.
By type, integrated software segment is anticipated to account for the leading share of 4%in the global demand for facility management software in 2032.
By enterprise size, the adoption of facility management software in small & mid-sized enterprises is anticipated to grow at a CAGR of 7%between 2022 & 2032.
By industry, the adoption of facility management software in travel & hospitality is anticipated to grow at a CAGR of 7%between 2022 & 2032, while healthcare segment is currently dominating the market share.
North America is expected to lead the market followed by Europe in 2022. South Asia & Pacific is anticipated to emerge as the fastest growing region between 2022 & 2032.
The market in Japan is expected to progress at a CAGR of 7%through 2032.
In GCC Countries, sales are expected to grow at a CAGR of 8%over the forecast period.

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Demand for Facility Management from Modern Workspaces

Facility management software evolution has completely transformed the way how businesses operate. For the modern workspaces it became a necessity to have the facility management software to run the operations in an efficient manner. All the businesses involve several operations to be performed, with the growing technological advancement these business procedures can be handled efficiently with usage of facility management software.

The software helps the facility managers to optimally utilize the assets, reduce the space which results to the decrease in the maintenance cost, by saving the money and also time. Furthermore, the software also helps in managing the multiple facilities simultaneously. Therefore, the use of the facility management software increases the overall productivity of the businesses, which in turn is boosting the market growth.

Key Players

IBM
Broadcom (CA Technologies)
Oracle Corporation
SAP SE
Archibus
Trimble
Accruent

Changing Organization Culture and Workstyle

The culture of most of the organizations is evolving in a fast pace with the globalization. Major companies are diversifying the operations and work culture. Technical innovation and advancement positively influence the work culture. Smart workplaces equals to the smart insights. The benefits of Internet-enabled management systems are compelling. A common reporting platform can generate an easily accessible information and also helps in identifying the faults, and guide regarding the performance issues among others.

Furthermore, facility management software also helps in managing the space and help in forecasting the future needs. Therefore, most of the organizations are inclined towards adopting technically advanced solutions which motivates the facility management software providers to come up with product innovation, in turn boosting the market growth.

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Facility Management Software Outlook by Category

By Deployment Mode:

On-premise FMS
Cloud-based FMS

By Type:

Integrated Software
Standalone Software

By Enterprise Size:

Small and Mid-Sized Enterprises (SMEs)
Large Enterprises

By Industry:

Healthcare
Travel & Hospitality
Manufacturing
Education
Transportation & Logistics
Government
Others

By Region:

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

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IT Asset Disposition Market is Expected to be Worth US$ 31.8 Billion by 2032 | Report by FMI

According to a recent study done by Future Market Insights, the IT asset disposition market is expected to reach US$ 31.8 Billion by 2032, up from US$ 15.6 Billion in 2022, expanding at a high CAGR of 7.4%. This study explains that factors such as the strict data security compliance with environmental regulations, need to store assets in inventory for remarketing, the need to maximize asset value recovery, and the growing usage of electronic devices such as mobiles, laptops, and tablets for enterprise usage are expected to accelerate the market growth during the forecast period.

The major factor that is expected to propel the growth of the IT Asset Disposition Market during the forecast period includes the awareness of conserving the environment. In addition, the IT asset disposition market has been witnessing significant growth over the past years, mainly owing to regulatory compliances, and the growing need to prevent data breaches.

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The market is further driven by the vast amounts of e-waste, the need for safe methods of disposing of e-waste, and environmental policies which are followed by industries. The surging adoption of new technologies and BYOD trend is also expected to considerably boost the IT asset disposition market in the coming years. Moreover, the increase in need for data and information security in old assets acts as one of the major factors fueling the growth of IT asset disposition market during the forecast period.

Key Takeaways from the Market Study

Global IT asset disposition market to be valued at US$ 15.6 Bn by 2022-end
The U.S to account for the highest value share of US$ 11.4 Bn of global market demand for IT Asset Disposition Market in 2032
From 2015 to 2021, IT Asset Disposition demand expanded at a CAGR of 8.1%
By asset type, the servers category constitutes the bulk of IT asset disposition market with a CAGR of 7.1%.

Competitive Landscape

Players in the global IT Asset Disposition Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In August 2020, CompuCom (US) and Office Depot (US) partnered to provide a suite of IT hardware and service offerings for small and mid-sized businesses to support their remote workplaces. Companies with between 50 and 1,500 users can access a range of services, including remote IT support, on-site hardware and software repair, and eco-friendly disposal of IT equipment.
In February 2020, Dell Technologies (US) entered an agreement with Symphony Technology Group (STG), Ontario Teachers’ Pension Plan Board (Ontario Teachers’), and AlpInvest Partners (AlpInvest) to acquire RSA. RSA provides risk, security, and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.
In July 2019, TES (Singapore) acquired Integrations et Services (I&S) (France), a leading provider of configuration to order, staging, and IT deployment services across France and mainland Europe, to deliver integrated end-to-end IT lifecycle solutions while also helping its clients manage the complexities and risks that are inherent in them.

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Know More About What the IT Asset Disposition Market Repost Covers

Future Market Insights offers an unbiased analysis of the global IT Asset Disposition Market, providing historical data for 2015-2021 and forecast statistics from 2022-2032.

Key Segments Covered in the IT Asset Disposition Market Study

IT Asset Disposition by Service

IT Asset De-Manufacturing and Recycling
IT Asset Remarketing and Value Recovery
IT Asset Data Destruction/Data Sanitization
IT Asset Logistics Management and Reverse Logistics
Other Services

IT Asset Disposition by Asset Type

Computers/Laptops Disposition
Servers Disposition
Mobile Devices Disposition
Storage Devices Disposition
Peripherals Disposition

IT Asset Disposition by Organization Size

IT Asset Disposition for SMEs
IT Asset Disposition for Large Enterprise

IT Asset Disposition by End User

IT Asset Disposition in Banking, Financial Services, and Insurance (BFSI)
IT Asset Disposition in IT and Telecom
IT Asset Disposition in Educational Institutions
IT Asset Disposition in Healthcare Industry
IT Asset Disposition in Aerospace and Defense
IT Asset Disposition in Public Sector and Government Offices
IT Asset Disposition in Manufacturing
IT Asset Disposition in Media and Entertainment
IT Asset Disposition in Other Industries

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IT Asset Disposition by Region

North America IT Asset Disposition Market
Latin America IT Asset Disposition Market
Europe IT Asset Disposition Market
Asia Pacific IT Asset Disposition Market
Middle East and Africa IT Asset Disposition Market

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AI Platform Market to Register a Steady CAGR of Over 38.2% During the Forecast Period of 2022-32

The global AI platform market is expected to be worth US$ 10 billion in 2022, growing at a CAGR of 38.2% to be worth US$ 254.14 billion by the end of the forecast period of 2022-2032. The market was worth $9.6 billion in 2021, and it is expected to grow by 4.2% year on year between 2021 and 2022.

Because decision-making is a critical point for service providers and various manufacturers in the market, the AI platform market has grown. The AI platform market has boomed as players are now focusing on the creation of AI platforms and targeting niche solutions for solving specific enterprise problems, which has led to its growth.

The process that the AI platform goes through is learning which includes the acquisition of information for using the information, the other is reasoning which include using rules to reach approximate or definite conclusions, and the last is self-correction.

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AI Platform Market: Drivers and Challenges

One of the drivers for the AI platform market is the increase in the demand of AI-based solutions and products in the market. Another driver for the AI platform market include the surplus amount of data available and developed using the hardware or such other sources.

This helps the AI platform to work with full efficiency and reach out to the best possible results. Also, as there are technological advancements all round the world, there are growing innovation in the AI technology which would lead to the growth of AI platform market.

The ease of doing work is also a factor which is driving the market for AI platform as these platform would help in the formation of intelligent business processes.

The factor which has been the major restraint for the AI Platform market is the skill gap which prevails in the market, and the use of AI platform mostly for the popular applications which keeps the other applications underdeveloped.

AI Platform Market: Market Participants

Examples of some of the market participants in the global AI platform market identified across the value chain include Microsoft Corporation, Google, Amazon Web Services, Infosys, Wipro, Premonition, Rainbird Technologies, Ayasdi, Inc., Mindmeld (Cisco Systems), Facebook, Vital AI, LLC, Kasisto, Receptiviti, Locl Interactive Inc., HPE, Qualcomm Technologies, and Absolutdata, Salesforce, IBM, Intel, and others of AI Platform market.

AI Platform Market: Regional Overview

On the basis of geography, the global AI platform market can be segmented into North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan, Japan, and the Middle East & Africa.

Among all these regions, North America is expected to hold a major market share of the global AI platform market during the forecast period, due to the early adoption of the AI platform based applications, and also due to the increased number of established players in the region regarding the AI platform market.

Regional analysis includes

North America
Latin America
Europe
CIS & Russia
Japan
APEJ
Middle East & Africa

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AI Platform Market: Segmentation

The AI platform market can be segmented on the basis of component, deployment mode, application, end-user, and region.

On the basis of component, the AI platform market can be segmented into:

Tools
Machine Learning
Natural Language Processing Services
Managed Services
Professional Services

These are the major components of AI platforms which are in which machine learning tools being the most attractive in terms of market growth in recent times.

On the basis of deployment mode, the AI platform market can be segmented into: