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Automotive Door Latch Market to grow at a rate of 4.8% by 2022-2027 | Get Customized Reports

Significantly influenced by efforts of OEMs in development of smart latches that are IoT-integrated, the global market for automotive door latch will see a modest yet promising CAGR of 5% during 2019 – 2027. A recent study of Future Market Insights (FMI) suggests that the favorable policy framework related to vehicle and drivers’ safety and security will continue to influence the demand for automotive door latches in the near future.

The automotive industry is nearing maturity and expects to witness a remarkable number of collaborative alliances and consolidations among OEMs in the automotive door latch market space. The report opines that mid-sized cars would be the highly profitable sector for investors in the automotive door latch landscape.

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Key Takeaways – Automotive Door Latch Market Study

Increasing sales of mid-sized cars, particularly in Asia Pacific, make it a potential segment for manufacturers specializing in compact designs of automotive door latches.
Side door latch will continue to command a significant share in global automotive door latch market value through 2027.
The mega trend of electrification in cars and the ability to remotely operate vehicles have necessitated door latch manufacturers toward offering and devising compatible products aligned to the aforementioned technological advancements.
The market is witnessing a gradual shift from the installation of conventional latches to electronic or mobile app-based systems in premium and luxury cars.
The introduction of tracking and alert systems using GPS and IoT-based hardware for the security of vehicles has proliferated new avenues for value chain participants in the global automotive door latch market.
Owing to the negligible replacement rate of door latches in the aftermarket, winning OEM supply contracts holds the key for manufacturers to sustain and grow their market share.
Adding enhanced security features is the key focal point of automotive door latch manufacturers to meet the unique requirements of autonomous vehicle manufacturers.

With overall safety of passengers being a paramount and drivers relying on secured door locking systems, door latches find a crucial place in automotive manufacturing. The inclusion of mobile connectivity and GPS tracking technologies in existing products is revolutionizing the automotive door latch space.

Know Who is Spearheading Automotive Door Latch Market

The global automotive door latch market is significantly consolidated, with the leading five players accounting for nearly one-half of the overall market size as of 2018. Key players in the market are focusing on developing latching systems based on smart technologies to retain their competitive edge in the landscape. Keikart AG, Aisin Seiki Co. Ltd., and STRATTEC are identified as prominent players in the global automotive door latch market. Market participants are keen on developing door latches with minimal mechanical intervention. Companies are focused on developing door latches that reduce vehicular weight and locking system complexity.

OEMs Engaged in Tough Competition

In the coming years, automotive door latches are expected to witness consistent demand. With the persistent trend of introducing smarter latches in door locking systems, OEMs are focused on keeping their product portfolios strong. East Asia, followed by Europe, remains the most crucial region in the automotive door latch market with a leading market share. With increasing demand from East Asia and South Asia, new entrants in the automotive door latch market are expected to find significant opportunities to invest in such target regions.

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Automotive Door Latch Market Structure Analysis

The global automotive door latch market is significantly consolidated where tier-1 players hold significant market shares.
Tier-1 companies are focusing on technological advancements to meet future customer requirements and maintain their market position.
Aisin Seiki Co, Ltd., Inteva Products LLC, Magna International Inc., Kiekert AG, and STRATTEC are some of the key participants in the global automotive door latch market.

Automotive Door Latch Market: Taxonomy

The global automotive door latch market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.

Vehicle

Compact Cars
Mid-sized Cars
Luxury Cars
SUV
HCV
LCV

Latch

Side Door Latch
Tailgate Latch
Hood Latch

Sales Channel

OEM
Aftermarket

Function

Electronically-operated
Mechanically-operated

Region

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

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Sneak Peek into Report

The research scope of the global automotive door latch market has been primarily bifurcated into three segments: latch type, vehicle type, and function. The study provides an in-depth analysis of market sizing, forecasting, and market share analysis for automotive door latches. The report delivers a comprehensive assessment of the important dynamics of the automotive door latch market.

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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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Metal Bellows Market 2030 Research Covers,by Future Market Insights, Inc.

Metal bellows Market are flexible elements used in various industrial applications where compression is expected when the pressure is applied from the other side of any elastic vessel.Metal bellows are designed in a way that they compress or expand on the application of pressure, and come back to their original share once the pressure is removed.

As they are most commonly used as a part of piping applications, their convolution geometry and thickness is designed according to the temperature and pressure range as well as pipe capacity.

In cases where pipes expand due to increase in temperatures, metal bellows act as a resistance by limiting the compression by force.Metal bellows are commonly used in various industries such as manufacturing, water treatment, mining, automotive, power generation, and wind energy generation.

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Though the global metal bellows market is characterised with stringent governmental regulations, end user preference for metal bellows over its other alternatives is expected to boost the profitability of manufacturers across various regions.

Demand for Metal Bellows in Aerospace & Defense Industry to Grow Strong

The adoption of metal bellows in a wide range of end-use industries such as automotive, semiconductor, oil & gas, and pharmaceuticals is significantly high, which is mainly driving the metal bellows market.

However, the demand is relatively higher in the aerospace & defense industry, and this is mainly influencing the growth prospects of the global metal bellows market.

In the past two years, the aerospace & defense industry witnessed a major downfall in the commercial aircraft manufacturing and deliveries, which is mainly attributed to the worldwide outbreak of the novel coronavirus. However, the demand for metal bellows in the industry remained fundamentally strong as leading players in the aerospace industry.

Global leaders such as Airbus and Boeing, are known to be holding a significantly large backlog of orders, and this is currently holding up the production activities for these players.

In addition, the industry is witnessing a growing number of new original equipment manufacturers (OEMs) entering the landscape, along with the rising development of fuel-efficient alternatives for conventional elements of commercial aerospace products.

This indicates that the adoption of metal bellows in the global aerospace & defense industry will further bolster the growth of the global metal bellows market in the coming years.

High Performance Parameter of Metal Bellows over Non-metallic Bellows Trigger Demand

While metal bellows find applications in a wide range of end uses and applications, the use of non-metallic bellows is also significantly high. Non-metallic bellows are a type of flexible connectors manufactured using synthetic or natural fibers.

These are commonly used in applications that are primarily developed to offer stress relief in various industrial end uses – mainly in the piping industry. They are also used in applications involved in mechanical vibrations and thermal movements.

Though both – metal and non-metal bellows are used in distinct applications, based on their performance characteristics, the prior shows advanced parameters that make them suitable for a wider range of applications than the latter.

Metal bellows are higher in demand than non-metal bellows mainly due to their higher pressure range, temperature range, flexibility in connection types, along with its suitability with various fluids and gases.

With the rugged, multiple layer designs, metal bellows are designed for applications performed in a wide range of temperature range from -420°F to +1800°F. Whereas, non-metal bellows usually suit applications under the temperatures around 230°F, based on the materialist properties of synthetic materials used.

Consequently, though both the types of bellows are used in different applications based on their utilities and importance, metal bellows are more commonly used in multiple industrial applications.

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Metal Bellows Market: Region-wise Analysis

Based on the geographical factors, the metal bellows market is broadly segmented into seven regions – North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

According to different geographies and specific geopolitical factors, the market for metal bellows is expected to witness incremental growth in the Asia Pacific region.

The region plays an important role in the supply chain operations as most manufacturers have their production centers in developing Asian countries such as China and South Korea. In addition, increasing presence of raw material suppliers, retailers, and metal bellow manufacturers in the region further amplifies the growth potential of the Asia Pacific metal bellows market.

On the other hand, developed regions including North America and Europe, are also expected to create sizable demand for metal bellows with the increasing growth of the market. Developed countries such as the United States along with some countries in Western Europe – Germany, France, and Spain, are expected to contribute to the increasing growth of the global metal bellows market.

Due to the coronavirus outbreak, the metal bellows market in most Asian countries witnessed sluggish growth. However, countries such as China and South Korea are recovering fast from the pandemic, which is expected to revive the metal bellows market in these regions.

In the coming years, the growth prospects of the metal bellows market in Asia Pacific region are expected to improve in the coming years.

Metal Bellows Market: Competitive Landscape

Some of the leading stakeholders in the global metal bellows market include

Servometer
EnPro Industries Inc.
EagleBurgmann KE
Meggitt PLC
U.S. Bellows Inc.
KSM Corporation
Technoflex Corporation
BOA Holding GmbH
Freudenberg Group
MW Industries
Smith Group
Hyspan Precision Products Inc
Meggitt PLC
Pebiflex
Witzenmann GmbH
Triad Bellows
Duraflex Inc.

In August 2018, MW Industries, Inc. (MWI) – one of the world’s premier manufacturers of products that make machines, engines, and complex sub-assemblies, based in the United States – announced that it has completed the acquisition of Ameriflex, Inc. – a leading manufacturer of superior quality precision metal bellows, flexible metal hose, flanges, and other products for vacuum applications.

After the acquisition of two companies – Servometer and BellowsTech, MW’s acquisition of Ameriflex is expected to help the company expand the portfolio of its metal bello products and technologies. With this acquisition, the company aims to offer the most complete portfolio of these products in the metal bellows market.

In July 2019, Parker-Hannifin Corporation – an American corporation specializing in motion and control technologies – announced that it has agreed to acquire Exotic Metals Forming Company LLC – a company that provides metal bellows, sheet metal designs, flex joints, and aircraft equipment.

The company also stated that the acquisition will be completed at the net transaction of US$ 1.56 billion. With the acquisition, Parker-Hannifin is aiming to reinforce its strategy of moving towards its goal of achieving top-quartile performance – financially – among its diversified industrial peers, by investing in attractive-margin and high-growth businesses.

Regions and Countries Analyzed in the Report

North America (U.S., Canada)
Latin America (Mexico, Brazil, Rest of LATAM)
Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
Oceania (Australia, New Zealand)
Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Metal Bellows Market: Segment Analysis
The metal bellows market can be segmented on the basis of the following:

Product:

Formed
Electroformed
Welded

Application:

Conventional Boilers
Gas Turbines
Fuel Gas Duct Systems
Engine Exhaust System
FCCU’s
Steam Turbines
Others (Filtration, Scrubbers, HRSG’s)

End-use Industry:

Ship Power and Ship Building
Water treatment and Wastewater
Power Generation
District Heating
Pulp and Paper Plants
Steel Mills
Wind Power
Others (Chemical and Petrochemical Plants, Desulphurization Plants)

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Blinds & Shades Market is Expected to Reach US$ 19.4 Bn by 2029

The global blind & shades market is expected to surpass a valuation of US$ 14.2 Bn in 2022 and at a CAGR of approximately 4.4% through 2029.Customer’s increasing surge for personalized control on the management of the light and air, is encouraging manufacturers to launch innovative blind & shades in the market with their increasing focus on fully automated products.

Furthermore, smart-phone-enabled operations for blinds and shades are creating new potential for the global market. Furthermore, the development of blinds that are coupled with voice recognition technology is changing home décor industry trends, which is favourably influencing the worldwide blind and shade market’s value growth.

IKEA, for example, has created remote-controlled blinds that include speech recognition and a smart lighting kit. These automatic blinds can be operated with a smartphone for a more personalised experience, and they’re compatible with AI-enabled virtual assistants like Alexa and Google Assistant.

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Moreover, in the blinds and shades market, manufacturers have the option of producing eco-friendly blind and shades. In the current market, only a few companies are creating eco-friendly blind and shades, which opens up potential for other businesses to invest in sustainable interior décor items.

Growing consumer knowledge of sustainable or eco-friendly products is expected to influence their purchasing decisions. As a result, the market in developed nations with strong consumer awareness has the potential to grow.

Key Takeaways from the Blind & Shades Market Study

Smart windows are leaping the sales of blind & shades due to growing innovations such as windows controlled by a click of a button using rechargeable batteries and voice-activated window coverings.
The U.S. is expected to register a CAGR of 2.2% in North America due to increasing trend of customized blind & shades as well as smartphone controlled blind & shades.
Blinds and shades made of natural fibers is witnessing a significant growth in the global market. The customer’s awareness for their health and for environment is significantly supporting sales of natural blinds and shades.
East & South Asia would remain the prominent region in the global blinds & shades market owing to rapid expansion of residential sector. E-commerce expansion will also be pivotal in accelerating the market build-up in this region.

“Adoption of omnichannel sales strategy by manufacturers and growing customer inclination towards natural material-based blinds & shades are expected to offer significant market growth opportunities.” says an FMI analyst.

Impact of COVID-19 on the Market

The COVID-19 pandemic had a significant influence on the world economy at numerous levels, and this impact was felt to a large extent in the construction industry. The COVID-19 pandemic issue also had an impact on the blind and shade market, which saw a significant drop in demand in 2020.

The COVID-19 outbreak affected the supply and delivery of construction materials, causing governments to enact lockdown. The transfer of activities in operations and vendor operations impacted the manufacturing. The blind and shade production process has become a headache for enterprises due to limited labour availability, disrupted raw material supply, and logistical challenges.

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Who is winning?

Leading manufacturers of blind & shades are focused on aggressive promotional strategies and advertisements that have driven sales growth of Blind & Shades globally.

Major players present in the blind & shades market are Ching Feng Home Fashions Co., Ltd., Griesser AG Electrocomponents PLC, Hunter Douglas NV, Lafayette Venetian Blind Inc., Legrand, Lutron Electronics Company, Mechoshade Systems LLC, Nien Made Enterprise Co. Ltd., Persianas Canet S.A, Qmotion Shades, Schenker Storen AG, Solarfective Products Limited, Springs Window Fashions LLC, TOSO CO. LTD. among others.

Global Blind & Shades Market by Category

By Product Type:

Roller Shades
Vertical Shades/Blinds
Panel Blinds
Roman Shades/Blinds
Venetian Blinds
Pleated Shades
Others (Mini Blinds, Micro Blinds, etc.)

By Fabric:

Natural Blind & Shades
Synthetic Blind & Shades

By Mode of Operation:

Manual Blind & Shades
Automatic Blind & Shades

By Application:

Residential
Commercial

By Distribution Channel:

Online
- Company Owned Portal
- Ecommerce Portal
Offline
- Hypermarket
- Specialty Stores
- Departmental Stores
- Others

By Region:

North America
Latin America
Europe
East Asia
South Asia
Oceania
MEA

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Automotive Window Regulator Market to surpass US$ 21.2 Bn by 2031, Says FMI

Increasing shifts of global automobile manufacturers toward imparting a number of automated features into vehicles has led to many developments automation of vehicles. Manual window regulators being replaced by automated ones has become a common sight in current automotive world. Global sales of automotive window regulators will reach 454,325 thousand units in 2017, according to a report by Future Market Insights (FMI). FMI’s report estimates the global automotive window regulator market to register 3.3% CAGR in terms of volume, to surpass 600,000 thousand units in sales by 2027-end.

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APEJ will Remain Largest Market for Automotive Window Regulators

In terms of volume, Asia Pacific Excluding Japan (APEJ) is projected to remain the largest market for automotive window regulator, expanding at 4.4% CAGR during the forecast period. Sales of automotive window regulator in APEJ will reach 211,633 thousand units in 2017; by 2027 this number is estimated to surpass 300,000 thousand units. In addition, Middle East & Africa (MEA) is expected to be second-most lucrative region in the market by 2027-end. MEA market for automotive window regulator is projected to exhibit 4.3% CAGR through 2027.

OEM will remain the preferred sales channel in the market, in terms of volume. Global sales of automotive window regulator through OEM is estimated to reach nearly 500,000 units by 2027-end. In terms of volume, OEM and Aftermarket sales channels are projected to witness parallel expansion at 3.3% CAGR during the forecast period. Aftermarket sales channel is expected to hold low market share by 2027. This is primarily attributed to low breakdown rate, replacement rate and consumer preference to stick to default automotive window regulator present in the vehicle.

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Passenger Cars to Exhibit Highest Demand for Automotive Window Regulators by 2027-end

Adoption of automotive window regulator is expected to remain highest in passenger cars, based on vehicle type. Demand for automotive window regulator in passenger cars is expected to reach 530,539 thousand units by 2027-end. In contrast, HCVs are estimated to exhibit lowest demand for automated window regulator during the forecast period. By construction, cable type automated window regulators will remain preferred in the market. In terms of volume, demand for double rail cable is projected to grow at 3.9% CAGR through 2027.

On the basis of product type, automated window regulators will remain dominant in the market, with their sales projected to exceed 500,000 thousand units by 2027-end. This is attributed to functionality and lightweight characteristics offered by automated window regulators. In contrast, manual window regulators will witness a sluggish growth in sales during the forecast period. Frequent wear & tear off and complex structure of manual window regulators will impede their demand growth.

Increasing Demand for Personal Vehicles to Sustain Market Growth in APEJ

India and China are prominent markets for car manufacturers owing to growing population and increasing need for personal vehicles. In addition, many banks and financial institutes are offering various loan schemes, making it easy for people to own a car. These factors are expected to sustain market growth in APEJ. In contrast, people in this region are shifting toward power window regulator, owing to their better functionality. This is estimated to restrain growth of the market in APEJ.

Demand for aftermarket is witnessing a surge in MEA, owing to absence of manufacturing plants in this region. GCC countries import cars form other regions for sale. Increasing consumer dependence on aftermarket is projected to fuel market growth in MEA. In contrast, factors such as political unrest and sluggish demand for automotive industry are expected to impede market growth in MEA during the forecast period.

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Key market players identified in FMI’s report include Brose Fahrzeugteile GmbH & Co.KG, Grupo Antolin Irausa S.A., Hi-Lex Corporation, Imasen Electric Industrial Co. Ltd., Valeo SA, Magna International Inc., Shiroki Corporation, Robert Bosch GmbH, Kongsberg Automotive, Castellon Automotive SA, Johnan Manufacturing Inc., KÜSTER Holding GmbH, IFB Automotive Pvt. Ltd., Aditya Auto and Engineering Pvt. Ltd., Kwangjin Sang Gong Co. Ltd., Futuris Group of Companies.

Automotive Window Regulator Market by Category

Product Type:

Manual
Automated

Construction Type:

Cable Type
- Single Rail
- Double Rail
Arm Type
- Single Arm
- X Arm

Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles

Sales Channel:

OEM
Aftermarket

Region:

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

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According To A Study By FMI, Market For Heavy-Duty Heat Pumps Will Expand At A 2.3% CAGR Through 2031

Demand for heavy duty heat pumps was moderate in 2020 due to COVID scenario. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remains positive. The report estimates the global heavy duty heat pump market to grow at nearly 2.9% during 2021-2031. The report offers analysis in 20+ high-growth markets, providing detailed insights on how the heavy duty heat pump market will evolve in the next decade.

The demand for heavy-duty heat pumps is investigated in this study. COVID-19 impact, macroeconomic factors, market trends, and market background have all been investigated in the global heavy duty heat pump market. The market has been examined based on numerous segments, consumer interests, and geographies, according to FMI’s study scope. The study includes both qualitative and quantitative data on the market’s main competitors. This paper also examines the market from both a supply and demand perspective.

Global heavy duty heat pump sales are set to be valued at US$ 454.9 Mn in 2021, with a stable long-term projection, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The commercial sector currently accounts for the leading share of the market. Growth will continue as applications increase in data centers, district heating and cooling, and buildings.

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Key Takeaways

Heavy duty heat pumps market is expected to surpass a valuation of US$ 450 Mn by 2021, as demand continues to increase in commercial, industrial, and residential sectors
Backed by increasing application of district heating and cooling, the U.S. will account for over 68% of sales in North America in 2021
Despite significant drop in demand amid pandemic, the year 2021 will be positive, allowing the U.K. market to register 2.9% y-o-y growth in 2021
Expansion of construction sector will be a boon for the market in China and Japan
Rising construction of commercial space in India, will create a conducive environment for the expansion of the heavy duty heat pumps market

“Surge in demand for imperishable and green energy solutions is expected to provide an impetus to heavy duty heat pump sales. The substantial increase in the demand from the supplier side and from end-use industries across the globe is propelling the heavy duty heat pump market growth. The use of heavy duty heat pumps for replacing conventional heating systems in the commercial, industrial and other sectors for heating and cooling is rising.” says an FMI analyst.

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The heavy duty heat pump market is likely to grow at a moderate pace during 2021-2031. However, as it is a matured market, companies are expected to concentrate further on research and development activities to develop more in the field of commercial and industrial requirements. Collaboration with local players and developing new technology in the form of advanced heavy duty heat pumps is a prime strategy expected to flourish in the forecast period.

Heavy-duty heat pumps are mostly used in residential, commercial, and industrial industries. It also finds application in CHPCs for ensuring seamless uninterrupted supply of heating and cooling.

By Key segment:

By Type

Air-water Heat Pump
Air-air Heat Pump
Ground Source Heat Pump
Hybrid Heat Pump

By Power Source

Electric
Gas Driven

By System Type

Air Source Heat Pump
Geothermal Heat Pump
Absorption Heat Pump

By Refrigerant Type

HFC
CO2
Ammonia
Hydrocarbons
Others

By Power Range

5 to 10MW
10 to 20MW
20 to 40MW

By End User

Residential
Commercial
- Buildings
- District Heating and Cooling
- Data Centers
Industrial
CHPCs

By Region

North America
Latin America
Europe
East Asia
South Asia & Pacific

Moreover, establishing sales and service facilities in emerging countries, coupled with long-term partnerships with regional distributors, also paves the way for the expansion of channel reach.

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Competitive Landscape

The market is fragmented, with key players accounting for approximately one fifth 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 share. Some of the key players in the market are Thermax Ltd., Star Refrigeration, GEA Group, MAN Energy Solutions, Oilon OY, Siemens Energy, Johnson Controls, Friotherm AG, Engie Refrigeration GmbH, Daikin Industries, Enertech AB, Mitsubishi Heavy Industries, and others.

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Between 2021 And 2031, Downhole Tractor Market Is Anticipated To Expand At A CAGR Of 4.9%: FMI

A substantial increase in the focus on developing integrated well intervention technologies such as production logging and pipe inspection and cleaning is expected to remain a key defining factor in the global downhole tractor market. As per a new study by Future Market Insights, the global downhole tractor market is projected to be valued at ~US$312.9 Mn in 2021, expanding at a CAGR of ~4.9% over the forecast period of 2021-2031.

The ongoing crisis caused by the COVID-19 pandemic had a severe impact on the global economy. It has negatively affected supply chain networks and manufacturing activities, as some of the leading economies went under complete or partial lockdown to contain the virus. This subsequently affected the downhole tractor market, causing a significant fall in the market growth. However, it is expected to recover as the economic activity resumes post the containment of the pandemic.

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Key Takeaways of Downhole Tractor Market Study

We expect 2021 to be a tough year for the downhole tractor market as we project it to record 0.4% Y-o-Y. However, recovery at a positive rate is on card 2022 onwards.
The U.S. is expected to remain one of the key markets, accounting for 65.6% of the market in North America in 2021
With Europe, the U.K. will exhibit sluggish Y-o-Y growth in 2021, which is expected to pick up at the U.K. market registers above 4% Y-o-Y growth in 2022
Germany and France are expected to remain other lucrative markets for downhole tractors in Europe
The demand from Japan and South Korea is expected to increase at a positive pace

“The downhole tractor market is gradually expanding because of increasing integration of the latest technologies to facilitate operation in challenging well bore conditions. Rise in oil and gas investments and increase in oil and gas projects will create attractive opportunities for the market.Key participants are investing in strategic alliances, partnerships and product innovations to gain a competitive advantage. These partnerships will allow companies to improve their production capacity and strengthen their technical expertise.” says FMI analyst.

We expect the downhole Tractor Market to be an opportunistic market in the forecast period owing to increasing demand from old oil wells for extending their production life. Manufacturers are emphasizing developing customized products as per customer demands along with improved life cycles and higher efficiency. These factors are expected to positively influence growth in the market during the forecast period.

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Who is winning?

The downhole tractor market witnessed moderate consolidation, in which the leading players account for more than 70% of the market share. The penetration of small regional players makes this market more competitive. Some of the key players in the market are Halliburton, Schlumberger, Hunting Plc, Baker Hughes, AKER Solutions, WWT International, and Expro Group among others. These players have higher shares in the global market, and have longstanding relationships with several end-users, giving them an upper hand among their peers.

Get Valuable Insights into Downhole Tractor Market

Future Market Insights, in its new study, provides an unbiased analysis of the global downhole tractor market, presenting historical demand data (2016-2031) and forecast statistics for the period from 2021 to 2031. The study divulges interesting insights into the market based on the configuration type (2 drive, 3 drive, 4 drive, 4 drive tandem, 6 drive tandem, 8 drive tandem), force (up to 250 lbs, 250 to 500 lbs, 500 to 1,000 lbs. 1,000 to 2,000 lbs, 2,000 to 3,000 lb), application (well intervention, fishing, seismology, water borewell), across six major regions (North America, Latin America, Europe, South Asia & Pacific, East Asia, and the Middle East and Africa).

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Soda Ash Market: Overview, Data Updates, Reports Analysis & Forecast | FMI

Pegged at a steady CAGR, global revenue of soda ash market is set to US$ 25,285.6 Mn in 2029. The upsurge in revenue is accredited to greater uptake of soda ash in glass & ceramic industry, particularly container glass and flat glass. Moreover, variegated end-use segments such as chemicals, construction, metallurgy, soaps & detergents are generating soaring demand for soda ash, concludes the FMI report.

Manufacturers in soaps & detergents industry increasingly favour soda ash as a substitute for traditionally-used phosphates. Soda ash has become a crucial ingredient for numerous cleaning products. It is transforming the energy sector owing to its recyclability and reusability. Moreover, soda ash market is gathering strong impetus in developing countries with proliferation of high net worth income individuals.

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Key Takeaways of Soda Ash Market Study

Glass & ceramics hold a majority share in the global soda ash market.
Leading manufacturers continue to adopt innovative extraction processes thereby boosting production capacity.
Sustainability would remain key strategic focus of market leaders through 2029.
Gains in soda ash market are primarily concentrated in Asia Pacific owing to thriving construction, chemicals, soaps & detergents industries.
Continued usage of cost-effective alternatives such as aluminum and plastics are set to restrict widespread adoption of glass in packaging industry.

Leading players in soda ash market must adopt and implement expansionary, sustainable activities along with strategic collaborations in order to remain prominent.

Asia Pacific to Remain at Forefront of Soda Ash Market Growth Through 2029

Consumers in Asia Pacific have contributed substantially to the growth of soda ash market. Owing to greater net worth incomes of consumers and prodigious demand generated by construction, chemicals, soaps & detergents industry, Asia Pacific will be the epicenter of growth through 2029. The region accounts for a whopping 57.6% share in soda ash market. In addition, India and China will be the domestic growth capitals in Asia Pacific region. On the other hand Europe will account for significant revenue share during the forecast period.

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Strategic Collaboration and Sustainability Remain Key Factors for Sustained Market Leadership

The competitive landscape of global soda ash market is highly consolidated in nature. Major players featured in this study include, but are not limited to, Tata Chemicals Ltd., DCW Ltd., Genesis Energy, LP, Nirma Ltd., Ciner Group, Novacap Group, and CIECH SA. Sustainable practices are increasingly being adopted by industry leaders worldwide. For instance, energy-efficient turbines have been installed by Tata Chemicals Ltd. as a part of their sustainability pledge. Moreover, key players continue to acquire regional companies for enhanced global presence.

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FMI’s study offers an in-depth market forecast and analysis on the soda ash market. The major categories encompassed by the report include density (light and dense), end-use (water treatment, chemicals, metallurgy, paper & pulp, soaps & detergents, glass & ceramics) across five regions (North America, Latin America, Europe, Asia Pacific, Middle East & Africa).

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Market For Refrigeration Leak Detectors Is Anticipated To Grow At A 3.1% CAGR – FMI

The refrigeration leak detector market is expected to reach US$ 107.03 million by 2032, while expanding its roots in the global market at a slower CAGR of 3.0%. (2022-2032). In 2022, the market is expected to generate $ 82.03 million.

The refrigeration leak detector market has witnessed increased uptake in recent years as it helps to eradicate the harmful effect of climate change and global warming. These detectors aid in holding harmful gases leakage through several approaches. Moreover, in recent times, prominence on multifunctional detectors that offer other benefits has amplified.

The COVID-19 outbreak has resulted in sluggishness, with the worldwide economy reflecting acute signs of depression. Consequently, the market might record a significant decline. Nationwide lockdowns have notably hindered the supply of refrigeration systems in various nations. Following an optimistic approach, FMI forestalls the worldwide economy to recoil amid the next 5 to 8 quarters, mainly supported by increasing infrastructure investments and healthcare spending. As a result, the market for a refrigerator leak detector will experience moderate recovery throughout the consequent years.

“The refrigeration leak detector market will be profoundly influenced by strict environmental regulations, stimulating players to dole out sophisticated devices on the basis of innovations, allowing them to carve a niche for themselves,” opines FMI analyst.

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Refrigeration Leak Detector Market – Key Takeaways

In terms of end-use, the Industrial-grade category will remain significant, holding close to 60% of the revenue.
Based on product type, increased demand for efficacy is escalating the implementation of handheld leak detectors.
Electric detectors category will be towering in the worldwide market as well as will be touching a valuation of US$ 133.3 Mn towards 2030 end.
South Asia & Pacific will contribute close to a quarter of the overall market share, due to amplifying emission levels.

Refrigeration Leak Detector Market – Key Trends

Growing trend of utilizing IoT and smart sensors for monitoring the refrigeration will allow the production of these detectors in a flexible manner and offer precise conditions in the market.
High price of replacing the refrigerant offsets the expenditure sustained on repairing and locating potential leaks, this boosts the market demand for refrigeration leak detectors from residential and commercial grade appliance users in the coming years.

Refrigeration Leak Detector Market – Regional Analysis

North America is projected to record notable progression in the forthcoming decade. The region will generate an incremental $ opportunity valuing US$ 5.5 Mn towards 2030 end, with the U.S putting up the highest revenue share.
South Asia & the Pacific will record a huge rise as the majority of the population resides in the tropical areas, exposing individuals to extremely higher temperatures.
Increasing industrialization as well as the growth of trade & commerce has increased the implementation of cooling and refrigerating systems over prominent verticals in the East Asian nation. China is at the vanguard of the East Asian expansion, contributing the highest revenue share.

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Refrigeration Leak Detector Market – Competitive Landscape

Leading companies functioning in the global refrigeration leak detector market include Elitech Technology Inc., Fieldpiece Instruments Inc., CPS Products Inc., AGPTEK, MSA Safety, ACME Engineering Products Ltd., KANE INTERNATIONAL LIMITED, Bacharach Inc., Emerson Electric Co., Robinair, Ritchie Engineering Inc., Testo SE & Co. KGaA and INFICON.

Prominent companies in the scenario are focusing on developing multi-functional leak detectors, a combination of IoT as well as leveraging e-commerce platforms to enter potential markets. Furthermore, partnerships and collaborations are assisting them in increasing their distribution networks all over the world.

Refrigeration Leak Detector Market Segmentation

Product Type

Halide Detector
Electronic Detector

Operation

Hand-held
Benchtop

End-Use

Industrial
Research & Academia
Maintenance Service Providers

Region

North America (U.S & Canada)
Latin America (Mexico, Brazil & Rest of Latin America)
Europe (Germany, Italy, France, U.K, Spain, Russia & Rest of Europe)
South Asia & Pacific (India, ASEAN, Oceania & Rest of South Asia & Pacific)
East Asia (China, Japan & South Korea)
Middle East & Africa (Turkey, Northern Africa, South Africa & Rest of MEA)

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Get Valuable Insights into the Refrigeration Leak Detector Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global refrigeration leak detector market, presenting historical demand data and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the refrigeration leak detector market, allowing readers to glean qualitative and quantitative information which will enable them to make informed market decisions in the upcoming forecast period.

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Waste-derived Pyrolysis Oil Market to Display Impressive Growth of 4.7% with Rising Demand

Increasing demand from several end-use industries has resulted in fluctuating oil prices in recent years. Oscillating oil prices have forced end users to look for alternative means to fulfil their fuel needs. Pyrolysis oil production utilizes different types of waste to produce oil, which can be used as diesel, gasoline, and automotive fuel, among others.

Waste-derived pyrolysis oil contributes towards waste reduction, is an excellent fuel and energy source, and can be used to extract other petroleum products. As a result, the global waste-derived pyrolysis oil market is projected to reach a value close to US$ 500 Mn in a decade, expanding at a moderate CAGR during the forecast period of 2022-2029.

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Key Takeaways of Waste-derived Pyrolysis Oil Market Study

The fast pyrolysis process is practiced on a larger scale by multiple manufacturers; hence, it is expected to sustain its prominence over the forecast period.
Biomass, as a source, is easier to crack, and is also a very popular raw material in regions such as Europe, East Asia, and South Asia.
The waste-derived pyrolysis oil market is still in its nascent stage; however, it holds a lot of promise. End uses such as heat & power for energy production through boilers, turbines, and engines are expected to hold higher market share over the forecast period.
Waste-derived pyrolysis oil also has prominent application in food aromas, plant protectors, or growth enhancers in the food flavoring segment.
East Asia, Europe, and North America are expected to be prominent regional markets over the forecast period, owing to the presence of a large number of tier II & III players in East Asia, and tier I players in Europe and North America.

“Global players such as BASF SE, Honeywell UOP, Dow Inc., and ConocoPhillips, among others, have invested strategically in the waste-derived pyrolysis oil market in the recent past, which suggests that major manufactures are keeping tabs in the market as it holds a lot of potential in the coming future.”

Market Landscape Moving Towards Fragmentation

The waste-derived pyrolysis oil market is fairly consolidated, as a few players have the capability of extensive R&D as well as production capacity. Key tier I manufacturers such as Agilyx, Inc., Enerkem, and Ensyn are opting for growth strategies such as collaborations, joint ventures, and other inorganic growth strategies, along with product development. However, the high emergence of new players is expected in the coming years, owing to the inexpensive set-up of pyrolysis units as well as yearly incrementing oil prices.

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Waste-Derived Pyrolysis Oil Market Taxonomy

Fuel Type

Unrefined
Refined

Pyrolysis Process

Fast
Flash
Others

End Use

Heat & Power
Automotive Fuel
Bio Refineries
Food Flavouring

Region

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

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Want to Know More?

Future Market Insights has published a market research report on the waste-derived pyrolysis oil market that contains global industry analysis of 2014–2021 and opportunity assessment for 2022–2029. The report provides insightful analysis of the waste-derived pyrolysis oil market through five different segments – fuel type, pyrolysis process, source, end use, and region. The waste-derived pyrolysis oil market report also talks about the demand trends of different types across industry verticals, a comprehensive list of service providers in the market, various projects around the world, and a detailed overview of the parent market.

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Bamboos Market to be US$ 12.20 Bn by 2029 | Future Market Insights

Bamboos are used for a wide range of things around us, like building fences, fishing rods, boats, and other things. When compared to other types of wood, bamboo is both lightweight and robust. In addition, bamboos are very machine-friendly and are simple to mould into useful objects.

Bamboo is a versatile multi-purpose forest produce and plays a vital role in the world’s domestic and industrial economies. Bamboo and bamboo-based products are used for a wide range of indoor and outdoor applications, owing to its abundance and versatility.

Ascending demand from key end-use industries such as paper & pulp, building & construction, textile, and wood is projected to primarily drive demand for bamboos. The global bamboos market would progress at a high double-digit CAGR during 2022 – 2029, reaching a mark of US$ 12 Bn in 2029, as projected by a new Future Market Insights (FMI) study.

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Key Takeaways – Bamboos Market Study

The pulp & paper end-use industry segment in the global bamboos market is witnessing high growth, and is expected to follow the same trend over the forecast period owing to utilization of bamboo as a raw material in the production of paper & pulp.

Bamboo produces about 35% more oxygen as compared to other trees. Additionally, its biomass is an efficient and cheap fuel for power generating units. As a result of this, the power sector is focusing on bamboos as a source of fuel for power generation.

Asia Pacific (APAC) is expected to maintain its dominance in the global bamboos market throughout the forecast period in terms of volume as well as value. This can be mainly attributed to the growing construction industry in China and India, supported by surging infrastructural investments. APAC has more than half of the total bamboo species available in the world.

Thriving penetration of green building technologies is supporting the demand for bamboos due to utilization in construction of scaffolding. Moreover, there is a continuous demand for bamboo furniture, plywood, and outdoor decking in various countries.

Who Is Winning the Bamboos Landscape?

The global bamboos market is fairly fragmented, with small- and medium-scale enterprises accounting for major market share in the global market. Some of the key market players included in the report are Moso International B.V., Bamboo Village Company Limited, and Shanghai Tenbro Bamboo Textile Co. Ltd.

New product launches and developments are some of the key strategies adopted by market players to retain their position in the global bamboos market. The companies are engaged in continuously participating in different events, conferences, tradeshows and seminars to market their newly launched products across the globe.

Bamboos Market – Regional Analysis

High growth in construction, pulp & paper, and furniture industries is expected to be a key driving factor for bamboos market growth. China is a large exporter of processed bamboo products such as bamboo plaiting, bamboo shoots, bamboo panels, wood charcoal of bamboo, etc., whereas countries such as the U.S., Canada, and other European countries where very small bamboo resources are available import bamboo products requirement from other bamboo-rich countries.

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Know More About What the Report Covers

FMI, in its new research report offers an unbiased analysis of the global bamboos market, presenting historical demand data (2014-2021) and forecast statistics for the period 2022-2029. The study reveals insights on the bamboos market and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the bamboos market value chain.

Readers can also find key trends and market growth scenarios based on end-use industry and regions such as North America, Latin America, APAC, and Europe and Middle East & Africa (EMEA).

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