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At an estimated 4.6% Y-o-Y increase in the revenue over 2021, the industrial condensing units market is set to exceed the US$ 10 Bn mark in 2022. Nearly 3/4th of the total sales of industrial condensing units is accounted by the end use in commercial refrigeration, followed by industrial refrigeration.
As indicated by a recent research study presented by Future Market Insights (FMI), more than 65% of end users prefer air-cooled industrial condensing units over water-cooled variants, at a global level. Moreover, although retrofitting of older condensing units is gaining popularity over the recent past, FMI’s analysis highlights that an approximate 85% of revenue continues to pour in from new installations of industrial condensing units.

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With a significant incremental opportunity anticipated for the near future, outdoor-based refrigeration applications will continue to gain higher traction in the industrial condensing units market. According to the report, nearly 3/5th of the total demand for industrial condensing units is generated from outdoor-based refrigeration application areas.

China & India Emerging as Strong Investment Pockets for Manufacturers
The construction industry in developing regional markets, particularly in India and China, are clearly outgrowing other markets. This, in turn, is expected to support the growth of the industrial condensing units market, as the construction-driven increase in the net national per capita income will boost the demand for consumer appliances, including industrial condensing units.
Also, growing GDP of several countries, escalating per capita income and spending, and heavily rising demand for efficient cold chain are expected to extend strong support to existing demand growth of industrial condensing units.
Furthermore, China and India are likely to witness a significant surge in the sales of refrigeration units in coming years, driven by commercial refrigeration applications as a result of brisk expansion of both construction industry and the HoReCa (hotels, restaurants, cafés) sector. These countries are thus highly likely to establish a strong base for the expansion of industrial condensing units market in the forthcoming years.

Chinese manufacturing enterprises of industrial condensing units have begun to flourish recently. China has been a prominent influencer in the market in terms of agricultural and animal products, with an annual value of over US$ 300 billion. However, the prevalence of inadequate chilling facilities will continue to procure new opportunities for the development of infrastructure and thereby, reinforcing the demand for industrial condensing units.

On the other hand, mature markets for industrial condensing units in North America and Europe will observe modest growth and new installations will remain prominent.

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Manufacturers Targeting Specific Customer Demands, Emphasizing Competitive Pricing Strategy
Industrial condensing units are prominently sold by wholesalers and distributors specialized in furnishing on-site cold storage. Manufacturers involved in the designing and developing of industrial condensing units are poised to enhance their geographic reach and production capabilities in low-cost regions.

A majority of manufacturers of industrial condensing units are also prioritizing catering to specific customer demands at attractive prices, which will majorly rely on economic tiers and spending capabilities of customers.

Moreover, the report opines that the leading companies in industrial condensing units market will intensify the focus on stronger distribution networks, more powerful customer engagement, and unique portfolio of their offerings. Regional dietary patterns, as continue play a vital role in creating potential opportunities for the penetration of industrial condensing units, will be considered imperative for technological and other innovations, by manufacturers.

Regional dietary patterns, as continue play a vital role in creating potential opportunities for the penetration of industrial condensing units, will be considered imperative for technological and other innovations, by manufacturers.

The report has covered detailed strategic profiles of some of the key manufacturers operating in the industrial condensing units market, including Emerson Electric Co., Embraco, Tecumseh Products Company LLC, The Danfoss Group, Mitsubishi Electric Corporation, GEEA Group AG, Bitzer SE, Daikin Applied Systems Co. Ltd., and Hasegawa Refrigeration Ltd.

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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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The global sales of lead acid battery are set to be valued at over US$ 54.3 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report has forecast the market to expand at over 5.2% CAGR between 2021 and 2031.

According to the market analysis by Future Market Insights, expansion of automotive production facilities to cover rural and other remote areas has led to the increasing demand for lead acid battery. Rapid technological advancements in production technologies are also projected to complement market growth over the coming years.

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Demand for lead acid battery is increasing with the rise in the volume of vehicle fleet in recent years. This can be attributed to an increase in aftermarket sales in regular interims for battery replacement.

The growing requirement has led to mass production and has increased importance of process automation in the lead acid battery market. The market is shifting towards industry 4.0 s, leading to the universal adoption of new production technologies.

There also is an increasing demand from other industries for deployment of lead acid battery. Increasing number of players focusing on research and development related to lead acid battery is anticipated to have a significant contribution towards market growth in the years to come.

Key Takeaways from Lead Acid Battery Market Study

• Flooded battery is projected to hold over 49% of the global market share in 2021 in terms of product type, supported by superior configurations.
• Transportation is projected to hold over 56% of the overall market share as leading segment in terms of application by 2031-end, supported by increasing investments in electric vehicles production.
• China will remain a chief market, backed by rising demand from the automotive industry. It is expected to account for over 57.3% of demand registered in East Asia in 2021.
• The markets India is set to surge at around 6% CAGR over the next ten years.
• Germany is emerging as a key market in Europe, accounting for over US$ 2,509.4 Mn in 2021, driven by expansion of the automotive industry.

“The lead acid battery market is growing at a strong pace, driven largely by increasing demand for energy efficient solutions across automotive sector. The increasing demand for electric vehicles will create extensive opportunities for manufacturers. Key industry participants have been focusing product diversification to offer energy efficient solutions and gain a competitive advantage,” says a Future Market Insights analyst

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Competitive Landscape

The lead acid battery market is highly competitive at regional as well as global levels, and highly consolidated in nature. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.

Some of the key players in this industry include but are not limited to Furukawa Electric Co., Ltd., Narada Power Source Co. Ltd., Clarios, Leoch International Technology Ltd., Enersys, Exide Industries Ltd., GS Yuasa Corporation, East Penn Manufacturing Co., Chaowei Power Holdings Limited., and others.

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The research report analyzes demand for Lead Acid Battery. The global Lead Acid Battery market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed on the basis of product type, power source, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand factors.

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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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The globally switched reluctance motors market size was valued at approximately US$ 499.3 Mn in 2021 and is expected to exceed a valuation of nearly US$ 950 Mn by 2032, exhibiting a strong CAGR of 6.28 percent during the forecast period (2022-2032). The increasing use of switched reluctance motors in electric vehicles, fuel pumps, electric power steering, vacuum blowers, and other applications is driving global demand for switched reluctance motors.

Switched reluctance motors are electric motors that are powered by reluctance torque. These motors outperform other types of motors in terms of efficiency, reliability, and performance.

Switched reluctance motors have become ideal motor types for high-speed applications in recent years due to their simple and robust structure. They’re becoming increasingly popular as traction motors in electric and hybrid vehicles. They are also used in wind energy systems and coal mining equipment such as conveyors, cutters, and coal ploughs due to their simple and rugged construction, energy efficiency, and high-speed operation ability.

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Switched reluctance motors are suitable for use in nuclear reactors and mines because they perform well even in harsh environments. During the forecast period, as these industries grow, so will sales of switched reluctance motors.

Leading switched reluctance motor manufacturers are constantly innovating to improve the features of switched reluctance motors. They are receiving significant funding from a variety of investors to develop next-generation switched reluctance motors for the electric motor market.

To accelerate the company’s patented motor development technology, Enedym Inc., for example, received a US$ 15 million investment in June 2021 from an international group of strategic investors from Europe, the United States, Canada, and India, including TRIO Capital Group Inc., P&A Paletta Giving Inc., KWG Capital Inc., and others.

Switched reluctance motors have gained significant traction in the automotive industry, where they are used in electric and hybrid vehicles due to their simple design, higher energy efficiency, and robustness.

Factors such as growing concerns regarding high emission levels of vehicles and the implementation of stringent carbon emission levels have prompted both manufacturers and consumers to switch over to electric and hybrid cars.

According to the International Energy Association (IEA), over 10 Mn electric cars were on the world’s roads in 2020 and this number is further expected to surge in future. As switched reluctance motors are being extensively used in these electric vehicles, a rise in their sales will eventually spur the growth in switched reluctance motors market.

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Key Segments Profiled in the Switched Reluctance Motors Industry Survey

By Product Type:

• Single Phase
• Double Phase
• Triple Phase
• Multi-Phase

By Application:

• Electromechanical brake system
• Fuel Pump
• Electric Power Steering
• Hybrid/ Electric Vehicles
• Vacuum Blowers
• Other

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• The Middle East and Africa

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The North America variable frequency drive market Forecast is expected to hit a valuation of US$ 5056.2 Mn by 2032. The market has a valuation of US$ 4770 Mn as of 2022, and during the forecast period, the North America variable frequency drive market is expected to grow at a CAGR of 6%.

North America can be considered the region with the biggest advancement in automation and IT.

Variable frequency drives are used to power electric motors, and by adjusting the voltage and frequency, the motor performance may be adjusted. Since many robots use motors to move, this is particularly crucial when they are put to use. This could have an impact on the market for variable frequency drives in North America.

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According to Future Market Insights, the key factors fuelling the growth of the market include,

• Increasing emphasis on energy efficiency: Process engineers are adopting energy-saving devices to reduce operational expenses. For example, in 2015, Len Busch Roses, one of the largest nurseries for cut-stem flowers, deployed variable frequency drive to regulate airflow in snapdragon greenhouse with better precision.
• Introduction of general purpose variable frequency drives that are compatible with existing motors is reducing impediments to widespread adoption.
• Variable frequency drives are being employed in a wide range of end-use applications. Installation of variable frequency drives, along with a flow metre, results in energy savings.

Although Future Market Insights maintains a positive outlook on the North America variable frequency drives market, few challenges can restrain growth. These include technical anomalies associated with variable frequency drives and high initial costs of medium voltage variable frequency drives.

Ac Drive Most Sought-After 

By drive type, Future Market Insights has segmented the market into AC drive, DC drive, and Servo drive. Among these, AC drives remain the sought-after device, accounting for nearly 72% revenue share of the market in 2016. While 4.20 million units of AC drives were sold in North America in 2016, collective sales of DC drives and servo drives accounted for 1.64 million units.

Low Voltage Range Drives In Demand 

By voltage range, Future Market Insights offers market forecast and analysis on low voltage range and medium voltage range. End-users in North America prefer low voltage range variable frequency drives, with this segment accounting for over 80% revenue share in 2016.

Low Demand For Regenerative Variable Frequency Drives 

By application type, Future Market Insights has segmented the variable frequency drive market into standard and regenerative. Demand for standard variable frequency drives is higher than regenerative variable frequency drives. The former accounted for over 88% revenue share of the market in 2016.

Compititive Landscape:

Key companies profiled by Future Market Insights in its report include Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc., General Electric Company, Hitachi Limited, Honeywell International Inc., Rockwell Automation Inc., Johnson Controls, Inc., Emerson Industrial Automation, Toshiba International Corporation, and Schneider Electric SE.

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Market Segmentation

By Country:

• U.S.
• Canada

By Drive Type:

• AC Drive
• DC Drive
• Servo Drive

By Voltage Range:

• Low Voltage Range
• Medium Voltage Range

By Application Type:

• Standard
• Regenerative

By End-Use Application:

• Pump
• Fan
• Compressor
• Conveyor
• HVAC
• Others

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

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In a recent market outlook titled “Tipper Body Equipment Market: Global Industry Analysis and Opportunity Assessment 2016–2026,” Future Market Insights provides an in-depth analysis of the global market for tipper body equipment within a 10-year forecast period, 2016-2026.

Over the decade, the market is likely to exhibit a value CAGR of 4.2%. According to Future Market Insights, the market worth US$ 3,324.4 Mn will possibly cross US$ 4,000 Mn in 2021 and will gain a slight uptick to reach US$ 4,996.7 Mn by the end of 2026. The overall growth outlook seems to be moderate.

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Global Tipper Body Equipment Market: Segment-wise Insights

By tipping type, the rear tipper body segment will continue to dominate, accounting for over 62% share in terms of value in 2026. This segment will possibly gain 270 BPS over the assessed period, expanding at a CAGR of 4.6% from 2016-to 2026. The second-largest segment will be the three-way tipper body.

Based on load-carrying capacity, the 15-30 tons segment will lead, capturing roughly 65% market value share in 2026. Gaining around 140 BPS, this segment will demonstrate the fastest growth through 2024. Although the below 15 tons segment is expected to be the second-largest in terms of revenues, the 30 tons and above segment will witness a relatively higher CAGR.

Based on frame material, steel will continue to rule, reaching US$ 4,223 Mn by 2026 end is likely to account for nearly 85% share of the total market revenues. Aluminium will remain the second-largest segment.

By end-use, mining and construction will continue to dominate other segments during the next decade. While consumption by the mining sector will possibly capture over 32% share in 2026, revenues from the construction segment are foreseen to account for more than 28% share of the market value in 2026. Waste management is projected to be the third-largest segment.

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Global Tipper Body Equipment Market: Regional Insights

• A regional analysis of the global tipper body equipment market by Future Market Insights indicates that Asia Pacific (excluding Japan), North America, Latin America, and Europe will be the key markets throughout the next decade.
• APEJ, driven by China and India, is projected to dominate with more than 28% value share at the end of the assessed period with a gain of 180 BPS.
• North America will remain the second-largest regional market that is expected to bag over 23% share in 2026.

Global Tipper Body Equipment Market: Key Vendor Insights

• Among some of the key companies operating in the global tipper body equipment market landscape, Schmitz Cargobull AG and Hyva Global B.V. are likely to continue representing leading revenue shares over the forecast period.
• Other notable players include Crysteel Manufacturing Inc., Thompsons (UK) Ltd., BION INDUSTRIAL LLC, and F.X. MILLER.
• While the majority of key players are strategising new product launches, collaborations, and joint ventures, others are focusing more on production capacity expansion and acquisitions.

Global Tipper Body Equipment Market: Overall Dynamics

With growing urbanisation and booming construction and mining sectors, the demand for tipper body equipment is expected to be maintained over the next few years. Steady demand from the waste management sector will also provide a push to the market for tipper body equipment. Moreover, technological innovation in tipper body products, such as redesigning the driver’s cabin in tipping equipment and vehicles to provide an operating experience as convenient as possible, is also anticipated to favour the sales in near future.

The growing use of advanced telematics systems by manufacturers is expected to remain one of the important market drivers over the decade. The rapid adoption of automation is identified to be another key factor that will potentially drive the market growth during the assessment period. Relatively higher fuel consumption and negative environmental impact of tipper equipment and vehicles will continue to challenge market growth over the next decade.

In addition, cost-intensive capital and high maintenance will also remain the long-term restraints for market growth. However, high initial costs of purchasing tipper body equipment are subsequently boosting the establishment of tipper rental businesses and compelling those that are already established to become more organised to cater to a growing trend of the rental tipper body equipment.

Another remarkable trend driving the market includes the development of cost-competitive products to maximise penetration in emerging economies, such as China, India, and South Africa. Development of effective tipper body equipment with enhanced load-carrying capacity and provision of the efficient buyer and drivers’ training by manufacturing entities are likely to present lucrative growth opportunities. While product development with advanced diagnosis systems can be a key to sustaining relatively mature markets, such as North America and Western Europe; massive potential lies in developing countries, including BRIC nations.

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There are numerous aspects that influence the growth of the global chilled beam system market. Few aspects such as increase in demand for energy efficient systems like chilled beams owing to stringent building energy codes in various developed countries like U.S and Canada, rising spending in healthcare construction driving the demand for chilled beam systems as climate control systems, increasing demand for chilled beam systems as a better alternative of conventional HVAC systems as they provide better humidity and noise control

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A latest research report drafted by Future Market Insights covers in-depth analysis with pertinent insights with a focus on key developments, innovations, drivers and restraints from a technological standpoint. The research publication titled “Chilled Beam System Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” includes weighted analysis on each segment of the market and its scenario across key regions globally. The changing market dynamics across all regions are studied, assessed and reflected in this research based on which a 10 year future market forecast analysis is carried out. The global chilled beam system market is expected to grow at a significant growth rate to register a CAGR of 6.4% throughout the period of forecast. It is estimated to reach a value of more than US$ 450 Mn by the end of the year of assessment (2027) from a value of US$ 243 Mn in 2017.

high energy saving potential of active and passive chilled beam systems pushing their adoption in commercial buildings in different climates, higher focus on introducing chilled beam technologies by OEMs to cope with the advancements in the HVAC industry, stringent policies and regulations promoting energy efficient buildings in various emerging economies, higher opportunities of growth for chilled beam systems owing to increased construction activities in various regions, increasing awareness of sustainable building energy consumption coupled with thermal comfort, growing demand for advanced and innovative technologies in certain regions (typically GCC countries) and increasing demand for superior and high quality energy efficient indoor products have pushed the growth of the global chilled beam system market. However, challenges such as limited floor to ceiling height space, lack of feasible property knowledge, investment risks, lack of skilled labour and relatively high installation costs are posing restraints to the growth of the global chilled beam system market. The global chilled beam system market is segmented by product type, by design, by end use and by region.

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By design, the standard segment is expected to be the largest in terms of value thus leading the global market. The customised segment is also expected to gain traction and is poised to grow at a faster pace to register a value CAGR of 6.6% during the period of assessment By end use, corporate offices have shown increased inclination to use chilled beam systems. This segment is estimated to be valued at around US$ 181 Mn by 2027 end

By region, Western Europe region is the largest. The chilled beam system market in this region is poised to reach a market value of over US$ 180 Mn by the end of 2027. The Middle East and Africa (MEA) region also shows high potential in terms of growth rate owing to increased infrastructure activities in GCC countries and growing awareness towards the use of energy efficient systems By product, the concealed segment is expected to dominate the market with a high market valuation of approximately US$ 250 Mn by the end of the year of assessment (2027)

The research report on the global chilled beam system market covers the competitive landscape wherein profiles of key players participating in the global chilled beam system market are included. Major companies such as Swegon AB, Barcol Air Group AG, MADEL Air Technical Diffusion S.E., Dadanco Europe, TROX GmbH, Mestek, Inc., LTG Aktiengesellschaft, Roccheggiani S.p.A, FTF Group, Johnson Controls International Plc., Lindab International AB, Caverion Corporation, Halton Group, Emco Group, Fla?ktGroup, Price Industries Inc., NuClimate Air Quality Systems, Inc., SAS International and Nijburg Industry Group are featured in this research report.

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Palletizing robots are a kind of equipment that help in the automatic compiling of various kinds of products on a pallet. The global palletizing robots market is slated to touch a value of about US$ 1,500 Mn in the year 2022 and display a robust CAGR during the assessment period.

Pallet wrapping functions are an important part of the workflow at the end of the packaging line, before the product gets transported and distributed to different places. Due to the advancements in the field of robotics, more advanced forms of palletizing robots have emerged, that can lift heavy weights and can even lift products from a greater height due to their long arms.

Also, hybrid palletizing robots have been developed, that have a simple user interface and can be operated easily, besides being cost effective and efficient to use. Such kind of hybrid palletizing robots can even handle complex tasks like the handling of delicate products. With the ongoing technological innovations in this field, palletizing robots that can operate at increased speeds and deliver high quality work.

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4 Forecast Highlights on Global Palletizing Robots Market

• As per the forecast of Future Market Insights, the bag palletizing segment is slated to touch a value of more than US$ 600 Mn in the year 2022. This represents a robust CAGR during the assessment period of 2017-2022. The bag palletizing segment is estimated to account for more than one-third of the revenue share of the machine type segment by the year 2017 and is forecasted to gain market share by 2022 over 2017.
• As per the forecast of Future Market Insights, the pharmaceutical segment will reach a value of about US$ 96 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The pharmaceutical segment is forecasted to account for more than one-tenth of the total revenue share of the end use type segment by the end of the year 2017 and is expected to gain in market share by 2022 as compared with the year 2017.
• As per the forecast of Future Market Insights, the consumer products segment is slated to reach a value of about US$ 350 Mn in 2022. The consumer products segment is expected to gain market share by the end of the year 2022. The largest share is contributed by the APEJ region in the consumer products segment.
• Future Market Insights forecasts the China palletizing robots market to exhibit a compound annual growth rate (CAGR) of nearly 16% from 2017 to 2022.

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The report has also included the profiles of some of the leading companies in the palletizing robots market like KUKA AG, DAN-Palletiser AS, ABB Limited, Mitsubishi Electric Corporation, Kawasaki Heavy Industries, Ltd., Brenton, LLC, Fanuc Corporation, Remtec Automation, LLC, YASKAWA Electric Corporation and Krones AG.

Palletizing Robots Market Segmentation

By Product Type:

• Boxes/Cases
• Bags/Sacks
• Bundles
• Others

By Machine Type:

• Articulated Robots
• Collaborative Robots

By Application:

• Factories
• Distribution Centres
• Fulfilment Centres

By End Use:

• Food & Beverages
• Pharmaceutical
• Consumer Products
• Tracking and Logistics
• Industrial Packaging

By Region:

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

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

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Growth of Process Automation and Instrumentation Market are Playing Key Role for Semiconductor Manufacturer and Software Vendors Process automation involves using software, hardware, and computing technology to allow end-use industries such as cement, oil & gas, chemical, paper, and others to operate more safely and efficiently.

The information is stored and analyzed on a computer with the help of sensors, which collect data on flows, pressures, and temperatures, among other devices. Collaboration among semiconductor component manufacturers, industrial software developers, and industrial automation equipment manufacturers is essential for the growth of the overall process automation and instrumentation market.

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Future Market Insights (FMI) has recently published a report titled “Process Automation and Instrumentation Market – Global Industry Analysis 2012 – 2016 and Opportunity Assessment, 2017 – 2027”. Process automation involves using software technology and computer technology to allow end-use industries such as cement, oil & gas, chemical, paper, and others to operate more safely and efficiently. The information is stored and analysed on a computer with the help of sensors, which collect the data on flows, pressures, and temperatures, among others.

About Future Market Insights (FMI)

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

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