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Economically developed regions are witnessing decent growth in dewatering pumps market, attributed to opportunities in existing commercial and industrial processes. Whereas, emerging economic regional markets are expected to witness robust growth in demand from the upcoming infrastructure projects across municipal construction and mining.

The global dewatering pumps market is primarily driven by robust demand from ongoing infrastructure projects. Future Market Insights (FMI) has projected the market to register a CAGR of 5.3% by value during the period of 2022 and 2028.

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Providing integrated offerings through diverse range of products and developing strong distribution and aftersales service network at regional and local level can provide significant opportunities for growth. In order to gain competitive advantage, strong focus on life-cycle costs analysis, including reducing operating costs through energy-efficient solutions, is highly required for product differentiation.

According to the report by Future Market Insights (FMI), the global dewatering pumps market is expected to witness a CAGR of 5.2% from 2018 to 2028. In 2017, the market was worth US$ 5,498.6 Mn and is expected to rise to a valuation of US$ 9,510.2 Mn by the end of 2028.

Burgeoning Exploration Activities for New Sources of Water to Trigger High Demand

Governments of emerging economies in Asia Pacific and MEA, particularly in countries such as South Africa, Morocco and the UAE, are focusing on improving drinking water facilities in urban as well as rural areas. Also, exploration of new water sources is expected to increase sales of pumps with enhanced capacity and efficiency for agricultural and domestic applications. Desalinization projects are also expected to contribute to adoption of pumps, as most parts of the globe still lack the basic facility of running water.

An estimated 60% of the world is still without running water. ASEAN region is witnessing increase in water supply and sanitation projects by governments, which is likely to boost sales of centrifugal pumps for domestic and agricultural applications. It has been estimated that only 50% of the global population has access to drinking water from a piped connection providing running water in their homes or compounds. As per the analyst, the demand for dewatering pumps across the globe, especially in ASEAN countries will increase owing to these reasons.

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By Segmentation:

The global combi ovens market to grow with a year-on-year value growth of 10.2% in 2022 reaching a value of about US$ 1,996.9 Mn by 2022 end. Combi ovens are available for Convection, steaming, and combination cooking. The combination mode employs both dry heat and steam to maintain precise humidity levels in the food, allowing for more control over moisture levels.

The rising demand for combi ovens has compelled manufacturers to approach the market with heavy and medium capacity combi ovens in order to serve hotels, institutions, and commercial kitchens.

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In a bid to maintain the combi ovens market sustainability amidst increasing competition, Tier 1 players are engaged in expanding manufacturing capacities and strengthening regional presence. For instance, Electrolux, in 2017, acquired Continental Brand in Latin America with an aim to strengthen Electrolux’s growth in the Latin America region.

The growing demand from the foodservice industry and the need for more productive cooking methods are expected to be the core drivers for the global combi ovens market in the coming years. With the growth in economy and increment in the disposable income of people, people now endeavour to spend more on items that can fulfil their desires such as a luxury car, an apartment, or on the food and beverages they desire to eat or drink.

Humans are inquisitive in nature, and have the tendency to explore new things and new varieties of food to taste, which has thus pushed culinary specialists or chefs to come up with new types of cooking methods. Combi oven is best for cooking meat owing to the reason that the heat in the chamber does the majority of the cooking and the moisture in the oven prevents the meat from drying out and also increases its consumable life.

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Combi ovens are a perfect alternative for cooks when they are in the need to serve food in quick service restaurants or serve bulk orders. In this way, combi ovens are in great demand in inns, hotels, restaurants, eateries, and at other food outlets. The development of the foodservice sector across the globe is expected to bode well for the progression of the global combi ovens market.

Key Market Players

Key market participants are focusing on enhancement of their medium-term expansion strategy, product portfolio strategy, and mergers with regional distributors to expand their business. The players operating in the market are Alto-Shaam Inc., Electrolux AB, Fujimak Corporation, The Middleby Corporation, Retigo S.R.O, and Dover Corporation, among others.

Global Combi Ovens Market by Category

By Product Type, the Global Combi Ovens Market is segmented as:

• Steam Generated
• Boilerless

By Power Unit, the Global Combi Ovens Market is segmented as:

• Gas
• Electric

By Capacity, the Global Combi Ovens Market is segmented as:

• Low
• Medium
• Heavy

By End-use, the Global Combi Ovens Market is segmented as:

• Hotels & Restaurants
• Bakery Stores
• Retail Outlets
• Domestic & Institutional
• Commercial Kitchens

By Region, the Global Combi Ovens Market is segmented as:

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

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The global market for extruders and compounding machines is expected to grow at a moderate value CAGR of 4.7% during the period of forecast, 2022-2027. The global extruders and compounding machines market was valued at around US$ 11 Bn in 2022 and is estimated to reach a valuation of more than US$ 18 Bn by the end of the year of assessment (2027).

An in-depth market segmentation is carried out that explores every angle of the market with which relevant acumen can be obtained. A forecast analysis for a period of 10 years has been drawn that can support the reader in slating future moves.

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Global Extruders and Compounding Machines Market: Dynamics Impacting Growth

Increase in the demand for plastics across several regions in the globe, integration if IIoT in the field of compounding and extrusion, increasing threshold in cable manufacturing sector, increased use of extruders and compounding machines in small and medium scale industries, rising food and beverage sector across the globe especially in emerging economies, increasing trade policies supporting the market’s growth, and increasing demand from construction, consumer goods and packaging industries have supported the growth of the global extruders and compounding machines market.

Factors such as strict government regulations on using non-green machines, problems associated with BREXIT and stringent regulations on plastic products have posed restraints to the market’s growth.

Global Extruders and Compounding Machines Market: Key Segmental Outlook

The global extruders and compounding machines market is segmented on the basis of product type, application, end use industry and region.

• By product type, the adoption of twin screw is expected to dramatically rise in the coming years. This makes the twin screw segment highly attractive and it is projected to grow at the fastest rate to reach a high valuation by the end of the forecast period
• In the application category, speciality plastics segment is estimated to reflect a higher valuation than other application segments thus leading the global market. Moreover, the master batch production segment is projected to grow at a significant pace in the coming years
• By end use industry, plastics industry segment and food and beverage segment have largely contributed to the growth of the global extruders and compounding machines market. Plastics industry segment leads the way
• In the region category, Asia Pacific excluding Japan (APEJ) is anticipated to radiate high market attractiveness. The extruders and compounding machines market in APEJ region is the largest with a significant market valuation and is projected to expand at a high value CAGR of 5.7% throughout the period of forecast

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Global Extruders and Compounding Machines Market: Competitive Landscape

The global extruders and compounding machines market research report has included key player analysis covering several facets such as financials, developments, expansion strategies and product portfolios of key companies dealing with extruders and compounding machines.

Key companies such as Toshiba Machine Co., Ltd., The Japan Steel Works Ltd., Coperion GmbH, Battenfeld-Cincinnati, NFM Welding Engineers, Inc., Clextral S.A.S., KraussMaffei Berstorff GmbH, Leistritz AG, Davis-Standard, LLC, Theysohn Extrusionstechnik GmbH, Everplast Machinery Co., Ltd., Breyer GmbH, Rajoo Engineers Limited, Gneuss Kunststofftechnik GmbH, Cheng-Hua Machinery Co., Ltd., Kabra Extrusion Technik Ltd., and SML Maschinengesellschaft mbH are covered in this research study.

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Extruders and Compounding Machines Market by Category

By Product Type:

• Single Screw
• Twin Screw
• Ram Extruders

By Application:

• Speciality Plastics
• PVC Cable
• Master Batch Production
• Flooring Sheet
• Others

By End Use Industry:

• Food Industry
• Chemical Industry
• Plastic Industry
• Medical/Pharmaceutical
• Others

By Region:

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

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The newest market research study by Future Market Insights on odour control system includes the global industry analysis for 2014–2021 and market forecast for 2022 – 2029. The study observes the odour control system market and offers detailed perceptions for the forecast period of 2022-2029.

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The global water treatment market is projected to grow 6% in 2019 and reach a total valuation of ~US$ 48,951.8 million from ~US$ 46,162.7 million in 2018 as per the recent report published by Future Market Insights. Demand for potable water, changing government regulations, and awareness of the negative impact of untreated water are tipped to be the primary growth drivers of the global water treatment market.

According to the report, several key drivers are expected to fuel the growth of the global water treatment market during the forecast period. The notable driving forces include, growing awareness of the hazardous effects of impure water consumption, steady surge in demand for fresh water, adoption of water treatment systems, and demand for quality water from the domestic and industrial sector.

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The global dredging market  is likely to grow somewhat at a CAGR of nearly 4% for the 2020-2030 projection period. Growth is underpinned by growing global trade and urbanization projects, assuming the fact that over 70% of trade by volume and 80% of trade by value are carried through the sea. According to United Nations Conference on Trade and Development (UNCTAD), the overall seaborne trade volumes surpassed 10 Billion tons in 2020, with shipment trade falling by 4% due to Covid-19 in 2020.

The outlook on global seaborne remains overly positive, with upcoming projects, such as the One Belt One Road Initiative (OBOR) likely to provide growth opportunities to dredging manufacturers. The prospects of the dredging industry are closely tied with the broader developments in the global tourism sector, as the construction of new airports and beach replenishments accounts for a sizeable share of total revenues generated by dredging companies.

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Future Market Insights (FMI), ESOMAR-certified market research and consulting firm, has published an updated edition to its widely cited report on the global dredging market.  The study revises its earlier forecast on dredging market growth, readjusting key indicators for COVID-19 impact.

Downturns are largely attributed to volatility in the oil & gas sector, a key end-use industry for dredging projects. However, government efforts to address flooding problems in coastal areas and low-lying plains is likely to keep dredging projects demand sustained in the long term.

Furthermore, efforts to sustain global trade volumes to reinvigorate the economy is providing much-needed stimulus to the market.

Key Takeaways

• High urbanization rate across emerging economies to fuel dredging projects in the long run
• Government agencies to comprise over 40% of the dredging equipment customer base
• Adoption of innovative equipment monitoring technologies such as smart virtual software growing
• East Asia to emerge as the largest market, expanding at over 4% CAGR
• Trade maintenance to be a key application area, accounting for 3 out of 10 projects through 2030

“Rising concerns over possible environmental damage is prompting dredging corporations to collaborate with governmental and private players to develop eco-friendly approaches to expand their projects,” concludes an FMI analyst.

COVID-19 Impact Insights

The COVID-19 pandemic has resulted in an unprecedented recession which is expected to influence the dredging market size to a large extent. Massive production crunches across the oil & gas and tourism sectors are adversely impacting the dredging market.

As the pandemic spread, the grounding of aeroplanes and automobiles led to a massive downswing in the transportation sector. This resulted in an abrupt demand shock across the oil and gas industry, compelling oil-producing giants to cease production, leading to a glut in product inventories.

Fortunately, recent months have witnessed a shoring up of oil prices. Still, OPEC+ countries have curbed supply, with cuts amounting to 7.7 million barrels per day prevailing until December 2020. Such downswings are impacting dredging projects throughout the entire world.

The present-day slump in oil prices is akin to the 2008 financial crisis. Possible recovery is anticipated in 2021 or 2022, restoring prices to pre-crisis levels of US$ 50-60 per oil barrel. This projected favourable outlook is likely to restore prospects for the global dredging market, as companies are expected to resume exploration projects.

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Competitive Landscape

The global dredging market comprises of numerous regional and global vendors, rendering the market highly competitive. Players rely on strategic alliances, joint ventures and the development of technologically advanced solutions to penetrate lucrative markets.

In 2019, Jan De Nul Group initiated maintenance dredging works in Nieuwpoort, Belgium. This project was part and parcel of the company’s commitment to reduce CO2 emissions by 15%. To achieve this, it incorporated renewable biofuel from sustainable waste flows.

In October 2020, Royal Boskalis Westminster N.V secured multiple dredging contracts across Germany worth € 45 million from a host of regional maritime transport vendors. These contracts aim to provide flood protection, construction of a shipping fairway and port maintenance across numerous locations.

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The Micro-irrigation systems market is expected to grow exponentially by more than 13% CAGR through 2031. Increasing demand for food, particularly in rising economies in Asia and geographical region are generating demand for advanced irrigation technologies.

The global Micro Irrigation Systems Market is anticipated to grow at an exponential rate of quite 13% CAGR through the top of twenty31, in keeping with insights from the newest study from Future Market Insights (FMI) ESOMAR-certified analysis and consulting firm. The report provides a close analysis in additional than 20 high growth regional markets, with comprehensive details on the prospects of micro irrigation systems through the approaching decade.

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Micro irrigation systems are gaining importance in the agriculture sector, owing to their efficacy in minimizing the effects of drought conditions, at comparatively low costs. Increasing demand for water and concerns over scarcity of this natural resource, with its effects in terms of quality and crop yield will play key roles in driving the growth of the market. Growing interest in greenhouse farming is also driving micro-irrigation systems in specialized farms.

The study by FMI has analyzed the global demand for micro irrigation systems, in terms of macro-economic factors, the impact of the covid-19 pandemic, and market landscape. As per the scope of research conducted by FMI, the market has been studied on the basis of consumer interests, product segments, and regional influences, in addition to qualitative data on the players operating in the market covering both supply and demand.

Key Takeaways from Micro Irrigation Systems Market Study

• Drip irrigation systems are estimated to hold the lead, supported by lower purchase and installation costs, in addition to low water use.
• Micro farming applications will reflect a relatively higher rate of growth, driving demand for lateral move and central pivot products.
• United States will hold significant market share owing to the concentrated presence of market leaders in the country.
• India and China will account for a high rate of growth, supported by an agrarian economy and favorable government initiatives in the industry.
• Access to technologies associated to mechanized irrigation systems are generating opportunities in the Middle East and Africa region.

“The growing need for water conservation efforts driven by rising population levels and decreasing global water reserves are key factors that drive the micro irrigation systems market.  Stringent regulations associated with water becoming a rare commodity, has pushed players in the agricultural sector to invest in novel solutions to enhance the productivity of a limited volume of water. Micro irrigation systems are capable of optimizing water usage, which in turn will support market expansion for the duration of the forecast period,” says the FMI analyst

The micro irrigation systems market is expected to grow at a healthy rate during 2021 to 2031. With the essential nature of irrigation in agriculture, coupled with growing concerns over water scarcity issues, market players are expected to be focused on research and development to improve on resource optimization objectives. Field testing and collaborations with regional players is likely to gain the interest of market players through the assessment period.

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Competitive Landscape

The global micro irrigation system market is moderately fragmented, with a number of regional players holding notable market share, which is likely to continue for the duration of the forecast period. Leading manufacturers are increasingly investing in new technology innovations in addition to strategic geographic expansion efforts.

Some of the leading players in the micro irrigation systems market include but are not limited to Netafim Ltd., Jain Irrigation Systems Ltd., The Toro Company, Rain Bird Corporation, Hunter Industries, Valmont Industries, Rivulis Irrigation Ltd., Lindsay Corporation, Reinke Manufacturing Company Inc., EPC Industries Ltd., T-L Irrigation, Elgo irrigation, Sistema Azud SA, Nelson Irrigation Corporation, Chinadrip Irrigation Equipment Co. Ltd., Kisan Irrigation Ltd., Finolex Plasson Industries Pvt. Ltd., Ripple Aquaplast , Irritrol, Eurodrip SA.

Valuable Insights into Micro Irrigation Systems Market Study

Future Market Insights brings the detailed research report of the latest industry trends affecting growth in the global micro irrigation systems market. The market has been segmented in terms of system type and end use to offer a comprehensive overview of the industry. The study provides in-depth analysis of the key factors enabling growth in these segments across seven key regions.

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About Industrial Automation Division at Future Market Insights

The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry

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Pallet pooling ensures the availability of pallets at the operational location, which results in a lean supply chain. Lean supply chain management leads to effective operational lead time. Owing to the rising inclination of most end users towards cost reduction, along with optimum lead time, the pallet pooling market is estimated to gain noteworthy traction in the coming decade.

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Positive displacement pumps are used to transfer fluids in inter and intra facilities. Global positive displacement pump market is set to be valued at over US$ 2.6 Bn in 2021, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The food and beverage industry requires food-grade pumps and therefore, companies introduced new pumps which adhere to the standards provided by bodies such as the Bureau of Food Standards.

Over the years, the market has developed in terms of innovations in material and design. Companies introduced products which can withstand significantly higher levels of pressure, with advances in material sciences.

According to the report, the market will grow at a CAGR of around 4% between 2021 and 2031. Positive displacement pumps are in high demand as the oil and gas and water distribution industries grow.

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Positive displacement pumps are important equipment used for ensuring accurate and repeatable transportation and pumping operations. Market leaders are investing in refineries for oil-based products to increase their regional presence and market share.

Positive displacement pumps have seen a significant rise in demand over the last few years. To meet the increased demand, manufacturers are planning to build new manufacturing units or expand existing infrastructure.

Demand for positive displacement pump waned in 2020 due to the COVID-19 pandemic. However, the water and wastewater segment of the industry sowed less due to the latest guidelines issued by World Health Organization (WHO) which bodes well for the sales of these equipment in future. Despite the risk of a stimulus in many countries, the market’s long-term outlook is optimistic.

Key Takeaways from Positive Displacement Pumps Market Study

• Reciprocating positive displacement pumps are expected to hold close to 69% of the overall market, driven by cost benefits.
• Oil and gas applications are projected to account for over two-fifths of the overall market share owing to extensive applications in associated refinery facilities.
• The market in the Germany is projected to expand at a CAGR of around 5%, supported by increasing investments in infrastructure for oil & gas imports.
• Sales of positive displacement pumps in the U.S. will account for over 65% of the North America market by the end of 2031.
• The emerging markets such as Spain will exhibit steady growth at 5.3% CAGR over the next ten years.

“The surge in demand from the global oil & gas industry for positive displacement pumps in recent years is expected to support market growth, especially in emerging economies such as India and China. Against this backdrop, the market players are likely to increase their investment towards expansion in the developing countries,” says a Future Market Insights analyst.

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Competitive Landscape

The market is highly consolidated, with key players accounting for more than four-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 shares.

Some of the key players in this industry include but are not limited to Grundfos, Ebara Corp., Flowserve Corporation, WILO SE, Xylem Inc., The Weir Group Plc, Ruhrpumpen Group, Sulzer AG, Dover Corp., and KSB Group.

Applications in the power generation and chemical sectors played significant roles between 2016 and 2020. According to FMI, the oil and gas industry is expected to grow at a healthy rate in economies such as China, India, the Middle East, and Africa.

Positive Displacement Pumps Market by Category

By Product Type:

• Reciprocating Pump
  • Low Capacity
  • Medium Capacity
  • High Capacity
• Rotary Pump
  • Low Capacity
  • Medium Capacity
  • High Capacity

By Application Type:

• Oil & Gas
• Chemical
• Water & Wastewater
• Pulp & Paper
• Power
• Others

By Region:

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

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