Manufacturing & Construction

Research Reports in Manufacturing & Construction

Pallet Market
May, 2022

The global pallets market size was $72.8 billion in 2021 and is anticipated to reach $108.5 billion in 2031, growing at a rate of 4.1% from 2022 to 2031.

A pallet is a tertiary form of packaging which is used for storage, stacking, transporting, or protecting products in supply chains. They can be produced by utilizing materials that include wood, plastic, and metal among others. They are available in various sizes and specifications, thus making them appropriate for use in several manufacturing industries. They are used to transport products for industries such as food, beverages, electronics & electrical, home care products, healthcare products, and others.

 

Pallets Market Scope and Structure Analysis
Report Attribute Details
Market Size in 2021$72.8 billion
Market Size in 2031$108.5 billion
Growth Rate (2021-31)4.1%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredMaterial, Type, Application, Solution, and Region
Key CompaniesBrambles Limited, CABKA Group GmbH, Craemer Holding GmbH, Falkenhahn AG, LOSCAM International Holdings Co., Ltd., Menasha Corporation, Millwood, Inc., Rehrig Pacific Holdings, Inc., Schoeller Allibert Services B.V., and UFP Industries, Inc. (PalletOne)
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Global Pallets Market Trends and Drivers

The global pallets market is anticipated to observe substantial growth going forward on account of increasing application in food & beverage, healthcare, and other industries. In addition, the rise in population along with the growing disposable income of middle-class customers are projected to drive the demand for food & beverages, medical, and personal care products. This, in turn, is anticipated to lead to a consequent increase in demand for the pallets market. Moreover, governments globally are focusing on the development of the manufacturing sector in order to increase the global economy. For example, the ‘Made in China 2025’ initiative by the Chinese government and the ‘Make in India’ initiative by the Indian government have positively propelled the manufacturing sector. The upsurge in manufacturing activities has stimulated the demand for a variety of plastic components as well as packaging solutions, thus providing remunerative opportunities for the pallets market.

The unprecedented progress of the e-commerce industry is anticipated to stimulate the demand for pallets on a noteworthy scale. The COVID-19 epidemic has augmented the inclination of individuals toward e-commerce platforms, specifically in nations such as India, the U.S., Germany, and others. Thus, the growth in penetration of e-commerce platforms has challenged supply chains to improve transportation & logistics in order to regulate the flow & cost of incoming and outgoing products. Online orders are in lesser numbers and frequency is higher, therefore necessitating more assets for goods management. This generates a demand for pallets meant for e-commerce-based logistics. This, in turn, propels the global pallets market growth.

Global Pallets Market Restraints & Challenges

One of the major factors hindering the global pallets market growth is the stringent regulations for the usage of plastics & wood on account of concerns regarding increased packaging and consequent recyclability issues. Further, the restrictive availability and the huge price of raw materials for producing pallets are anticipated to restrain the market growth. As the market is majorly dominated by wooden pallets, which are produced using lumber, often leads to fluctuations in the prices. Wood prices usually rise in the spring as constructors stock up for the construction sector, and also owing to the bad weather & less penetration towards the building construction, the prices fluctuate.

Global Pallets Market Segmentation

The report analyses the pallets market based on material, type, application, solution, and region.

Global Pallets Market By Material

Based on material, the global pallets market has been bifurcated into plastic, wood, and others. The wood segment is anticipated to account for the largest pallets market share in 2021, and plastic is expected to be the fastest-growing segment during the forecast period.

Wood pallets play a significant role in the movement of effective & safe transport along with efficient storage throughout the distribution & handling process globally. Even though there are standardized versions, pallets are manufactured in different sizes as well as configurations to hold different handling equipment such as forklifts and cargoes. In addition, nearly three-fourths of all wood pallets are now being recycled, which is more than the recycling rate of paper, aluminum, or plastic. Besides, wood that is used for producing pallets is a by-product of timber that is used in building construction and furniture.

Global Pallets Market By Type

By type, it is divided into stackable, nestable, rackable, and display. The stackable segment is expected to hold a significant share of the market due to the rise in the use of pallets in food & beverage as well as in the retail industry globally. In addition, there has been an increase in demand for efficient and reliable pallets in several regions globally. Further, factors such as sustainability concerns, product modernization, and attractive economics are leading to the growth of the pallets industry.

Global Pallets Market By Application

By application, it is categorized into chemical, retail, pharmaceutical, food & beverage, and others. The food & beverage segment is anticipated to exhibit a significant growth rate during the forecast period. The growth was principally driven by farmers and agricultural players to handle fresh produce along with the dairy, beverage, bakery, meat, and other food & beverage processing companies to handle, store, and transport processed & raw end products.

Global Pallets Market By Solution

By solution, it is categorized into new sales and rental. The rental segment is expected to exhibit a significant growth rate during the study period. A company rents pallets from a shared pool instead of purchasing its own pallets. The main job of the pallet rental is to confirm the supply of pallets in good condition and ready-to-use at the firm’s disposal when it needs them. Rental pallets are a preferred choice by warehouse operators as it conserves time and resources linked with maintaining, repairing, and sorting individual pallets.

Geographical Analysis of Global Pallets Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific accounts for the largest market share in the pallets market and is forecasted to register the fastest CAGR from 2022 to 2031. The adoption of pallets is the highest in the Asia Pacific during the forecast period. The region displays the highest adoption of wooden and plastic pallets for huge exports and imports of products. Countries such as China, Japan, and India are expected to be the most remunerative markets in the estimated years. Further, factors such as rapid development in the automotive and packaging industries, along with the growing demand for effective and advanced pallets are anticipated to propel the growth of the Asia-Pacific pallets market. Besides, the presence of numerous medium-to-large players in the region is also attributable to rapid revenue growth.

Major Players of the Global Pallets Market

The global pallets market report includes players such as Brambles Limited, CABKA Group GmbH, Craemer Holding GmbH, Falkenhahn AG, LOSCAM International Holdings Co., Ltd., Menasha Corporation, Millwood, Inc., Rehrig Pacific Holdings, Inc., Schoeller Allibert Services B.V., and UFP Industries, Inc. (PalletOne).

Several companies globally are trying to provide sustainable solutions to the market. For example, a supply chain management firm Yelopack offers smart logistic solutions on the basis of shared pallet and package service to industrial customers with a presence in countries such as China, South Korea, Russia, Japan, Malaysia, and Singapore. The company adopted the AFFINITY polyolefin elastomer (POE) in its current plastic pallets in 2021. The adoption of this technology which is offered by Dow permits Yelopack to intensify the lifespan of its pallets by nearly 150%, plummeting its carbon footprint.

COVID-19 Analysis

According to the International Monetary Fund (IMF), due to the epidemic of a novel coronavirus, the worldwide economy decreased by over 3.0% in 2020. Several nations were under strict lockdowns in 2020 & 2021, which have impacted the supply of raw materials. Therefore, due to this, the manufacturing activities of plastic film producers have ceased. However, due to COVID-19, there has been a new interest found in the hygiene of the packaging due to heightened safety concerns. Moreover, the period observed an e-commerce boom, thus, augmenting the necessity for well-designed as well as functional pallets which are hygienic and sustainable. Hence, COVID-19 had a mixed effect on the pallets market growth during the forecast period.

 

Recent Developments:
  • In March 2022, Cabka, a provider of pallets and large containers, and Dutch Star Companies reached a final agreement on a business combination to list as Cabka N.V.
  • In December 2021, Unilode Aviation Solutions entered into a 5-year unit load device (ULD) supply management, as well as a repair agreement with Goedis, a supply chain provider. Unilode provides pallets and offers its complete range of ULD management solutions such as planning, procurement, logistics, digitalization, and repair to Geodis.
  • In December 2021, supply chain solutions firm CHEP announced that it rented out and reused nearly 345-million wooden pallets utilized in the transportation of products, which lessens costs and reduces environmental impact. It partnered with a food & beverage company named Clover which led to the reduction of CO2 emissions by nearly 56%, its wood usage by over 70%, and its waste by approximately 60%, which is equal to preserving 2,666 trees per year.
  • In December 2021, a pallet recycler and supplier named Kamps Inc. acquired Tritz Pallet. Tritz Pallet is a provider of pallet recycling and full-service pallet solutions. This acquisition augments the physical footprint of Kamps to more than 40 asset-based locations setting its presence in the Great Plains region.
  • In November 2021, Kraftpal, a producer of lightweight, durable, and recyclable corrugated pallets tried to create designs of corrugated cardboard pallets that encounter industry standards of legacy wooden pallets. The company aimed to eradicate the usage of wood in the mainstream logistical pipelines. This move is a paradigm shift to bring sustainable solutions to the pallets market.

 

Pallets Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global pallets market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future pallets market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the pallets market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global pallets industry.

 

Frequently Asked Questions

Q. How big is the pallets market?

Ans. The global pallets market size was $72.8 billion in 2021 and is anticipated to reach $108.5 billion in 2031, growing at a rate of 4.1% from 2022 to 2031.

Q. What is the pallets market growth rate?

Ans. The growth rate of the pallets market is 4.1% from 2022 to 2031.

Q. Which region holds a major market share for the pallets market?

Ans. The Asia-Pacific region holds a major market share of the pallets market in 2021.

Q. Which segment accounted for the largest pallets market share?

Ans. By solution, the new sales segment accounted for the largest pallets market share.

Q. Who are the key players in the pallets market?

Ans. The key players profiled in the report include Brambles Limited, CABKA Group GmbH, Craemer Holding GmbH, Falkenhahn AG, LOSCAM International Holdings Co., Ltd., Menasha Corporation, Millwood, Inc., Rehrig Pacific Holdings, Inc., Schoeller Allibert Services B.V., and UFP Industries, Inc. (PalletOne).

Q. What are the factors driving the pallets market growth?

Ans. The major factors driving the growth of the market are the rise in demand for packaged goods along with growth in investments for R&D activities in pallets.

Q. What are the key growth strategies of pallets market players?

Ans. The key growth strategies of pallets market players are product launch, expansion, and acquisition.

Q. Which region will provide more business opportunities for the pallets market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the pallets market during the forecast period

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Plastic Injection Molding Machine Market
May, 2022

The global plastic injection molding machine market size was $10.3 billion in 2021 and is anticipated to reach $16.4 billion in 2031, growing at a rate of 4.8% from 2022 to 2031.

A plastic injection molding machine produces a variety of complex plastic products in mass volume. They are available in various sizes and specifications, thus making them appropriate for use in several manufacturing industries. They are used to produce plastic injection-molded products for industries such as food, beverages, electronics & electrical, home care products, healthcare products, and others.

 

Plastic Injection Molding Machine Market Scope and Structure Analysis
Report Attribute Details
Market Size in 2021$10.3 bn
Market Size in 2031$16.4 bn
Growth Rate (2021-31)4.4 %
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredMaterial, Clamping Force, Application, Solution, and Region
Key CompaniesARBURG, ENGEL, Haitian International, Husky Injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries, The Japan Steel Works, and UBE Industries, Ltd.
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Global Plastic Injection Molding Machine Market Trends and Drivers

The global plastic injection molding machine market is anticipated to observe substantial growth going forward on account of increasing application in food & beverage, healthcare, and other industries. In addition, the rise in population along with the growing disposable income of middle-class customers are projected to drive the demand for healthcare and personal care products. This, in turn, is anticipated to lead to a consequent increase in demand for plastic injection-molded plastic products and thus, the plastic injection molding machines market. In addition, emerging economies are exploring the varied benefits of electric plastic injection molding machines, which are projected to supplement the plastic injection molding machine market demand.

There has been a growth in the plastic injection molding machine market growth, due to its advantages such as the lessened need for labor, high production rate, as well as reduced wastage. Moreover, the capability of the plastic injection molding machine to work with a variety of plastics further intensifies its usability. Moreover, governments globally are focusing on the development of the manufacturing sector in order to increase the global economy. For example, the ‘Made in China 2025’ initiative by the Chinese government and the ‘Make in India’ initiative by the Indian government have positively propelled the manufacturing sector. The upsurge in manufacturing activities has stimulated the demand for a variety of plastic components as well as packaging solutions, thus providing remunerative opportunities for the plastic injection molding machine market. Moreover, technological progressions are expected to offer lucrative opportunities for plastic injection molding machine industry market players.

Global Plastic Injection Molding Machine Market Restraints & Challenges

One of the major factors hindering the global plastic injection molding machine market growth is the stringent regulations for the usage of plastics on account of concerns regarding increased packaging and consequent recyclability issues. Further, the fluctuating raw material prices are also anticipated to hinder the growth of the market. In addition, the other concern & risk associated with the market is the high initial cost of the machine. All-electric plastic injection molding machine has short plastic injection times owing to dynamic servo-motors, production efficiency, greater repeatability, best acceleration performance, and reduced noise. Due to the presence of high technology in all-electric machines, the initial cost of the machine is high. The other disadvantage is the huge maintenance in case of waste. When a motor fails, the complete machine must be changed, which necessitates substantially high maintenance costs.

 

Global Plastic Injection Molding Machine Market Segmentation

The report analyses the plastic injection molding machine market based on machine type, clamping force, application, solution, and region.

Global Plastic Injection Molding Machine Market By Machine type

Based on machine type, the global plastic injection molding machine market has been bifurcated into all-electric, hydraulic, and hybrid. The hydraulic segment is anticipated to account for the largest plastic injection molding machine market share in 2021, and all-electric is expected to be the fastest-growing segment during the forecast period.

The all-electric plastic injection molding machine uses electric motor powering racks, gears, and ball screws to perform most of the functions of the machine. All-electric plastic injection molding machines can conserve nearly 50–70% energy in comparison to hydraulic machines. In addition, currently, all-electric machines are the most preferred type of machine owing to decreased housekeeping, lower use of chilled water, preventive maintenance, lower repair rate, along with lesser energy and oil consumption. Therefore, the all-electric plastic injection molding machine segment is the fastest-growing segment throughout the study period.

Global Plastic Injection Molding Machine Market By Clamping force

By clamping force, it is divided into less than 200 tons, 200-500 tons, and more than 500 tons. The more than 500 tons segment is expected to hold a significant share of the market due to the rise in the use of plastic injection molding machines in packaging as well as the automotive industry globally. In addition, there has been an increase in demand for efficient and reliable plastic injection molding machines in several regions globally. Further, factors such as sustainability concerns, product modernization, and attractive economics are leading to the growth of more than 500 tons of plastic injection molding machines industry.

Global Plastic Injection Molding Machine Market By Application

By application, it is categorized into automotive, electronics, healthcare, packaging, and others. The automotive segment contributed significant revenue to the plastic injection molding machine market in 2021. These machines provide a feasible solution for manufacturing large and high-quality automobile parts in abundance. This sector where consistency, quality, and safety are of major significance considers injection molding machines a preferred choice. In addition, this machine is widely used in the automotive industry owing to its capability to create identical parts in mass quantity with relatively low operating costs.

Global Plastic Injection Molding Machine Market By Solution

By solution, it is categorized into new sales and aftermarket sales. The aftermarket sales segment is expected to exhibit a significant growth rate during the study period. Aftermarket sales involve accessories, spare parts, and other components used in repair and maintenance services for the injection molding machinery industry. A rise in the use of conditioning monitoring, analysis, and optimization is likely to offer plastic injection molding machine market growth. Further, as this machinery requires huge capital for its procurement, hence, the growth rate of new sales of this machine is low as compared to aftermarket sales.

Geographical Analysis of Global Plastic Injection Molding Machine Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific accounts for the largest market share in the plastic injection molding machine market and is forecasted to register the fastest CAGR from 2022 to 2031. Factors such as rapid development in the automotive and packaging industries, along with the growing demand for effective and advanced plastic injection molding machines are anticipated to propel the growth of the Asia-Pacific plastic injection molding machine market. Besides, the presence of numerous medium-to-large players in the region is also attributable to rapid revenue growth.

Major Players of the Global Plastic Injection Molding Machine Market

The global plastic injection molding machine market report includes players such as ARBURG, ENGEL, Haitian International, Husky Plastic injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries, The Japan Steel Works, and UBE Industries, Ltd.

COVID-19 Analysis:

According to the International Monetary Fund (IMF), due to the epidemic of a novel coronavirus, the worldwide economy decreased by over 3.0% in 2020. Several nations were under strict lockdowns in 2020 & 2021, which have impacted the supply of raw materials. Therefore, due to this, the manufacturing activities of plastic film producers have ceased. However, due to COVID-19, there has been a new interest found in the hygiene of the packaging due to heightened safety concerns. Moreover, the period observed an e-commerce boom, thus, augmenting the necessity for well-designed as well as functional plastic injection molding machines which are hygienic and sustainable. Hence, COVID-19 had a mixed effect on the plastic injection molding machine market growth during the forecast period.

 

Recent Developments
  • In December 2021, Nissei ASB Machine Co. Ltd. and Shibaura Machine Co. Ltd. entered into a partnership to work in emerging markets.
  • In May 2021, Boddingtons, a medical device manufacturer invested in 5 new injection molding machines to fulfill the demand from a new OEM client in the pharmaceutical sector.
  • In March 2021, Milacron, a global leader in industrial technology introduced a new all-electric offering via the FANUC Roboshot ALPHA-SiB series in North America.
  • In November 2020, Nissei Plastic introduced a large TWX300RIII36V type vertical injection molding machine to the market.
  • In October 2020, ENGEL has launched state-of-the-art all-electric e-mac injection molding machine series. This series is more compact and offers maximum flexibility for individual customer requirements.
Plastic Injection Molding Machine Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global plastic injection molding machine market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future plastic injection molding machine market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the plastic injection molding machine market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global plastic injection molding machine industry.

 

Frequently Asked Questions

Q. How big is the plastic injection molding machine market?

Ans. The global plastic injection molding machine market size was $10.3 billion in 2021 and is anticipated to reach $16.4 billion in 2031, growing at a rate of 4.8% from 2022 to 2031.

Q. What is the plastic injection molding machine market growth rate?

Ans. The growth rate of the plastic injection molding machine market is 4.8% from 2022 to 2031.

Q. Which region holds a major market share for the plastic injection molding machine market?

Ans. The Asia-Pacific region holds a major market share of the plastic injection molding machine market in 2021.

Q. Which segment accounted for the largest plastic injection molding machine market share?

Ans. By solution, the new sales segment accounted for the largest plastic injection molding machine market share

Q. Who are the key players in the plastic injection molding machine market?

Ans. The key players profiled in the report include ARBURG, ENGEL, Haitian International, Husky Plastic injection Molding Systems, KraussMaffei Group, Milacron Holdings Corp., Nissei Plastic Industrial Co., Ltd., Sumitomo Heavy Industries, The Japan Steel Works, and UBE Industries, Ltd.

Q. What are the factors driving the plastic injection molding machine market growth?

Ans. The major factors driving the growth of the market are the rise in demand for packaged goods along with growth in investments for R&D activities in plastic injection molding machines.

Q. What are the key growth strategies of plastic injection molding machine market players?

Ans. The key growth strategies of plastic injection molding machine market players are product launch and acquisition.

Q. Which region will provide more business opportunities for the plastic injection molding machine market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the plastic injection molding machine market during the forecast period

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Battery Racks Market
May, 2022

The global battery racks market is expected to grow rapidly over the next 10 years to reach a value of more than the US $4.9 billion by 2031.

Battery racks are utilized to store a number of batteries on it. The racks are simple and reliable means for the storage of batteries and are used for installation, maintenance, and operation of the batteries, thereby, fueling the growth of the global battery racks market. Additionally, the need for battery storage is also initiating the growth of the battery racks industry. Increasing awareness regarding the benefits of battery racks is expected to positively impact revenue growth of the market over the forecast period.

Battery racks are designed to provide accommodation for numerous types of batteries such as lead-acid (Pb) or nickel-cadmium in it for their vertical or horizontal placement. The racks are designed to sustain earthquakes and have features such as tough and rigid, manageable, and acid-resistant. In addition, the metal bars of the racks are plastic-coated so that they can provide a protective coating. Further, the racks are built with hinged components and have customized features. They also comprise a battery enclosure with series string & cabling for current protection and disconnects.

Market Scope and Structure Analysis
Report Attribute Details
Market Size in 2021$3.4 bn
Market Size in 2031$4.9 bn
Growth Rate (2021-31)3.75 %
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredMaterial, Product type, Placement, Application, and Region
Key CompaniesVertiv Holdings Co., EnerSys, Amphenol Network Solutions, Eagle Eye Power Solutions, LLC, Schneider Electric, EnviroGuard, Mesa Technical Associates, Inc., Newton Instrument Co., EATON, YHI Power, C&C Power, Inc., Narada Power, STEELMAXenergy, AIB Kunstmann Reserve GmbH and Alliance Metal Solutions.
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Trends and Drivers

One of the factors driving the growth of the global battery racks market is the growing demand for high-performance and efficient battery storage systems in several industries such as power storage, data centers, and telecommunication. Increasing awareness regarding the benefits of battery racks market is expected to positively impact revenue growth of the market over the forecast period. In addition, developments in the battery energy storage system along with ease of operation & installation of battery racks positively contribute to the growth of the global battery racks market. Further, battery racks safeguard the batteries and permit easy handling of them. Hence, the rising demand for battery racks from emerging economies to store batteries effectively is expected to cater to the growth of the battery racks industry. Besides, the rise in the number of data centers in addition to small and medium-sized companies is increasing the demand for batteries, which further leads to the growth of the global battery racks market. Furthermore, technological advancements in battery storage systems are anticipated to offer lucrative opportunities for the market players.

Market Restraints & Challenges

One of the major factors hindering the global battery racks market growth is the fluctuating raw material prices. In addition, the other concern & risk connected with electricity & batteries is fire hazards and electrical short-circuits. Besides, open-rack batteries can possibly cause deadly electric shocks to any individual who comes in contact with output points or terminals. Therefore, the necessity to locate such units in a battery room along with the restricted access is the other factor anticipated to result in limits to adoption, particularly for people who have budget limitations or space constraints.

Global Battery Racks Market Segmentation

The global battery racks market report is bifurcated on the basis of product type, material, placement, and application, and region.

Global Battery Racks Market By Material

On the basis of material, it is segmented into steel, plastic, plastic coated, and others. The demand for steel battery racks is expected to grow significantly in the forecast period. The growth of the steel segment can be attributed to properties of steel including, better strength, durability along with compact design and sleekness. Hence, there is need for limited extra material for supporting framework to tolerate loads of heavy batteries.

 

Global Battery Racks Market By Product Type

Based on product type, it is analyzed across standard, seismic, VRLA, and others. The demand for high-performance and efficient VRLA battery racks in several industries such as utility, data centers, and military among others is anticipated to propel the growth of the global battery racks market. Additionally, developments in the battery racks in addition to ease of operation & installation of them are expected to boost global battery racks market growth.

 

Global Battery Racks Market By Placement

By placement it is categorized into horizontal and vertical. The demand of horizontal battery racks market is expected to grow significantly in the forecast period. The horizontal battery racks can accommodate any type of battery and have horizontal mounting cells.

 

Global Battery Racks Market By Application

By application, it is divided into utility, telecommunications, data center, industrial manufacturing, and others. The demand of battery racks market for utility is expected to grow significantly in the forecast period. The utility sector is expected to hold a significant share of the market due to rise in deployment of power storage battery racks in small, medium, and large organizations globally. In addition, there has been an increase in demand for efficient and reliable electricity supply in several regions globally. The escalating demand for electricity and renewable energy are accountable for the high demand for battery energy storage racks in the utility sector. Thus, the demand of battery racks market for utility would rise in the forecast period.

 

Geographical Analysis of Global Battery Racks Market

Region-wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA. APAC accounts for the largest market share in the battery racks market owing to countries like China, India, Japan South Korea, and others, are investing in the R&D of battery storage devices. In addition, factors such as rapid development across manufacturing industries, and growing demand for effective battery racks are anticipated to propel the growth of the Asia-Pacific battery racks market. In addition, steady growth in industrialization and development in telecommunications industry are also expected to lead to the growth of the market. Moreover, presence of several medium to large players in the region is also attributable to rapid revenue growth. Thus, the demand for battery racks market would have positive influence in the forecast period.

 

Major Players of Global Battery Racks Market

The global battery racks market report includes players such as Vertiv Holdings Co., EnerSys, Amphenol Network Solutions, Eagle Eye Power Solutions, LLC, Schneider Electric, EnviroGuard, Mesa Technical Associates, Inc., Newton Instrument Co., EATON, YHI Power, C&C Power, Inc., Narada Power, STEELMAXenergy, AIB Kunstmann Reserve GmbH and Alliance Metal Solutions.

Prominent players in the industry such as Narada Power, Enviroguard, and Vertiv deals in battery racks with 24V output to the market. For instance, Vertiv Group Corp. NetSure 24V VRLA battery rack specifically for the Data Center and Telecom industries. These battery racks are Seismic Zone 4 compliant, compatible with any DC power system, have pre-cabled trays, and have optional circuit breaker per string.

COVID-19 Analysis

According to the International Monetary Fund (IMF), due to the epidemic of novel coronavirus, the worldwide economy decreased by over 3.0% in 2020. Several nations were under strict lockdowns in 2020 & 2021, which have impacted the supply of raw materials. Therefore, due to this, manufacturing activities of battery racks producers have been ceased. Moreover, demand for battery racks from data centers and energy & telecommunication industries has been dropped amid their stopped operations, due to government-imposed lockdown measures. This is anticipated to hamper the battery racks market growth during the forecast period.

Recent Developments
  • In March 2022, U.S.-based ESS Tech, Inc., which deals in long-duration batteries for commercial energy storage & utility-scale applications, announced that it is expanding its operations into Europe in order to meet the robust demand in the region for its long-duration energy storage (LDES) solutions.
  • In November 2021, in the U.S., Eaton has introduced an innovative lithium-ion-powered UPS battery racks. This LXP-P series battery racks are light-weight battery cabinets which are designed for large users requiring Megawatts of backup power and are integrated with pre-installed lithium-ion batteries.
  • In June 2021, South Korea-based LG Energy Solution, a company dealing in advanced lithium-ion batteries, supplied its latest state-of-the-art Transportable Rack (TR1300) to Moss Landing Energy Storage Facility of Vistra.
  • In May 2021, Schneider Electric, a global provider of energy management & automation solutions, has introduced high-quality and cost-effective Easy Rack Series solely in the Commonwealth of Independent States (CIS) and the Europe. This series is available in a variety of sizes, and is easy to install, and simple to scale & customize. It serves mission-critical applications, such as industrial environments and data centers.

 

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Interior Doors Market
May, 2022

The global interior doors market size was $60.2 billion in 2021 and is anticipated to reach $95.2 billion in 2031, growing at a rate of 4.7% from 2022 to 2031.

 

Interior doors are the types of doors used in specific rooms, shopping complexes, multi-family homes, malls, and others. They can be produced using a variety of materials, which include metal, wood, glass, and fiberglass. They are available in various patterns and styles. Bifold doors, swinging doors, and patio doors are some of the types of interior doors available in the market. Closet doors, exterior doors,  ardrobe doors, and garage doors are not excluded from the scope of the report.

Report Coverage
Report Attribute Details
Market Size in 2021$60.2 bn
Market Size in 2031$95.2 bn
Growth Rate (2021-31)4.7%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredDoor Type, Material, Mechanism, End-User, Construction, and Region
Key CompaniesArtisan Hardware, ASSA ABLOY Group, Bayer Built
Woodworks Inc., Concept SGA Inc., Hormann Ltd, Jeld-
Wen Holdings Inc., Lapco-Tech Portes Et Fenetres,
Marvin Windows and Doors, Masonite International
Corporation, and Puertas Sanrafael
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Trends & Drivers

There has been an increase in the demand for building construction activities in countries such as the U.S., Germany, India, China, and the UK among others. In addition, the need for advanced and safe fire doors is expected to augment the interior doors market growth. Besides, increasing standards for fire safety by governments of different countries globally are anticipated to aid the growth of the interior doors market. Additionally, an increase in government expenditure on new construction buildings has led to an increase in the demand for doors for interior designing and home decoration applications, driving the growth of the global interior doors market. For instance, in 2019, the government of Paris planned to invest nearly $40 billion in new construction as well as renovation activities. The escalation in the popularity of bifold interior doors in the residential and commercial sectors for their aesthetic look, security control, natural lighting, and compactness caters to the growth of the global interior doors market. Besides, new construction and renovation activities are anticipated to be fastest in Germany, the U.S., India, China, and Italy, which in turn is anticipated to lead to the development of the global interior doors market. Furthermore, the rise in awareness in individuals toward interior home designs is projected to lead to the demand for interior doors, thereby boosting the growth of the interior doors market.

Market Restraints & Challenges

One of the major factors hindering the global interior doors market growth is the fluctuating prices of raw materials. In addition, the interior doors market has seen several changes and developments in terms of applications. The materials used to create ecological doors are costlier than typical doors. For instance, the U.S. Green Building Council created Leadership in Energy and Environmental Design (LEED), a building certification system that validates and manages carbon dioxide emissions, energy savings, and enhanced interior environmental quality.

Global Interior Doors Market Segmentation

The report analyses the interior doors market based on door type, material, mechanism, end-
user, construction, and region.

Global Interior Doors Market By Door Type

Based on type, the global interior doors market has been bifurcated panel doors, bypass doors, bifold doors, and others. In 2021, the panel doors segment was the highest revenue generator and is anticipated to grow at a significant growth rate during the study period. This is attributed to the growing application of these doors in the residential and commercial construction of buildings owing to their properties such as providing privacy, optimal use of the available space, optimizing the security of the premises, high endurance, weatherproofing, and low maintenance.

 

 

Global Interior Doors Market By Material

Based on material, the market is fragmented into wood, metal, glass, vinyl, and others. Glass segment is expected to exhibit the highest growth rate during the study period. This is attributed to the properties of these doors such as natural light, better energy insulation, and reliable mechanism. Wood is expected to have a dominating market share in the global interior doors market. This is attributed to the fact that wood is one of the preferred building materials in residential and commercial construction.

Global Interior Doors Market By Mechanism

Based on type, the global interior doors market has been mechanism, the market is categorized into swinging, sliding, folding, revolving, and others. In 2021, the swinging segment was the highest revenue generator and is anticipated to grow at a significant growth rate during the study period. This is attributed to the growing application of this door owing to its properties such as energy efficiency, economical, has an assortment of styles, and
requires less maintenance.

Global Interior Doors Market By End-User

Based on end-user, the market is fragmented into residential and non-residential. The non- residential segment held the majority of the market share in 2021. An upsurge in demand for energy-efficient doors from the commercial construction sector along with the rise in residential construction activities is projected to lead to the growth of the interior doors market.

 

 

Global Interior Doors Market By Construction

Based on application, the market is segmented into new construction and renovation & repair. In 2021, the renovation repair segment held the dominant position in the market, and it is expected to exhibit the highest growth during the forecast period. A rise in renovation and repair activities globally is anticipated to cater to the growth of the market.

 

 

Geographical Analysis of Global Interior Doors Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Amongst these, Asia-Pacific was the dominant market in 2021 and is expected to be the fastest-growing region during the study period. North America along with Europe is anticipated to grow at a moderate pace. In contrast, emerging regions such as Latin America and the Asia-Pacific are projected to exhibit at a faster rate and will contribute significant revenues to the global interior doors market in the near future. The high manufacturing capacity of interior doors in the Asia-Pacific, especially in China, is driving the growth of the market. Throughout the study period, prominent players are anticipated to witness remunerative opportunities in several nations of the Middle East, Asia, and Africa. This is attributed to the growing demand from residential sector in these regions.

 

 

Major Players of the Global Interior Doors Market

The global interior doors market report includes players such as Artisan Hardware, ASSA ABLOY Group, Bayer Built Woodworks Inc., Concept SGA Inc., Hormann Ltd, Jeld-Wen Holdings Inc., Lapco-Tech Portes Et Fenetres, Marvin Windows and Doors, Masonite International Corporation, and Puertas Sanrafael. Further, prominent players in the market are adopting product launches as their key developmental strategy in order to improve their product offerings. For instance, in 2019, Masonite International Corporation launched ‘Livingston Interior Molded Door.’ These doors are capable to transform the interiors of a building into a universally appealing, and overwhelmingly unique interior profile.

COVID-19 Analysis

The novel coronavirus caused a massive impact on the lives of people and the overall community in 2020. It originated as a crisis to human health and posed a substantial threat to worldwide trade, economy, and finance. In addition, manufacturing, mining, and construction supply chains are striving on a worldwide scale to keep pace with the quick transmission of the virus. Further, the COVID-19 pandemic has halted the production of interior doors, due to prolonged lockdown in countries such as the U.S., China, India, Japan, and Germany among others. This has hindered the development of the interior doors market significantly over the past two years. Further, the demand for interior doors market plummeted during COVID owing to the significant decline in the real estate sector globally.

Recent Developments
  • In April 2022, JELD-WEN Holding, Inc., a global manufacturer of building products, announced its new line of Auraline composite patio doors and windows is in production.
  • In January 2022, Drum Capital Management acquired Excel Interior Door, LLC.
  • In November 2021, ASSA ABLOY has acquired Capitol Door Service, a leading pedestrian door distributor, and service company in the U.S.
  • In November 2021, Specialty Building Products, LLC, a distributor of specialty building products signed a definitive agreement to acquire Millwork Sales, a leading wholesale distributor of doors in North America.
  • In June 2021, JELD-WEN Canada planned to upgrade and expand its Quebec-based manufacturing facility.
Interior Doors Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global interior doors market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided. Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future interior doors market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the interior doors market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global interior doors industry.
Frequently Asked Questions

Q. How big is the interior doors market?
Ans. The global interior doors market size was $60.2 billion in 2021 and is anticipated to reach $95.2 billion in 2031, growing at a rate of 4.7% from 2022 to 2031

Q. What is the interior doors market growth rate?
Ans. The growth rate of the interior doors market is 4.7% from 2022 to 2031.

Q. Which region holds a major market share for the interior doors market?
Ans. Asia-Pacific holds a major market share of the interior doors market in 2021.

Q. Which segment accounted for the largest interior doors market share?
Ans. By material, the wood segment accounted for the largest interior doors market share.

Q. Who are the key players in the interior doors market?
Ans. The key players profiled in the report are Artisan Hardware, ASSA ABLOY Group, Bayer Built Woodworks Inc., Concept SGA Inc., Hormann Ltd, Jeld-Wen Holdings Inc., Lapco-Tech Portes Et Fenetres, Marvin Windows and Doors, Masonite International Corporation, and Puertas Sanrafael.

Q. What are the factors driving the interior doors market growth?
Ans. The major factors driving the growth of the market are the rise in demand for the development of building infrastructure along with the growth in government incentives provided for residential building activities globally.

Q. What are the key growth strategies of interior doors market players?
Ans. The key growth strategies of interior doors market players are product launch and acquisition.

Q. Which region will provide more business opportunities for the interior doors market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the interior doors market during the forecast period.

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Airport Firefighting Trucks Market
May, 2022

The global airport firefighting trucks market size was $1.1 billion in 2021 and is anticipated to reach $1.9 billion in 2031, growing at a rate of 6.5% from 2022 to 2031.

 

Airport Firefighting Trucks are trucks used at airports to combat fire and for rescue operations. As compared to municipal trucks, these vehicles have far more restricted access to adjoining water provisions from fire hydrants. Hence, they have to hold their water supply with the vehicle. In addition, there are three main fire suppressants an ARFF vehicle can carry: dry chemicals, water, and firefighting foam.

Airport Firefighting Trucks Market Scope and Structure Analysis
Report Attribute Details
Market Size in 2021$ 1.1 bn
Market Size in 2031$1.9 bn
Growth Rate (2021-31)6.5%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredType, Application, and Region
Key CompaniesE One, Kronenburg, Magirus Group, Morita Group, NAFFCO, Oshkosh Corporation, Rosenbauer International, Simon Carmichael International, Volkan, and Ziegler
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Trends & Drivers

There has been an increase in the demand for fire safety amongst the developed countries such as the U.S., Germany, Austria, and the UK among others. In addition, the need for advanced firefighting and rescue equipment is expected to augment the airport firefighting trucks market growth. Besides, increasing standards for fire safety by governments of different countries globally are anticipated to aid the growth of the airport firefighting trucks market.

The major function of airport firefighting trucks comprises transportation of firefighters at airports where fire accident has occurred and quenching the fire with some chemical composition or water. Besides, government departments globally have made it mandatory to employ these vehicles at airports for rescue operations and medical emergency services. Further, technological improvements and product innovation in the field of airport firefighting trucks have reduced the fatality rate at airport fire-related events. This, in turn, is providing remunerative opportunities to the market players.

Market Restraints & Challenges

One of the major factors hindering the global airport firefighting truck market growth is the high initial and maintenance cost of these vehicles. The capital cost of owning an airport firefighting vehicle is quite high. The cost is high mainly due to the complexity of the machine. In addition, they require huge operation and maintenance costs. For instance, usually, a new airport firefighting vehicle comprising a generator, water tank, and other options costs nearly $1.0 million. Moreover, the vehicle needs to be maintained on a regular basis. Furthermore, firefighting vehicles usually get damaged during fire-fighting operations. This, in turn, necessitates the repair and maintenance of the equipment. Besides, a dearth of skilled and qualified labor is expected to hamper the global airport firefighting truck market development.

 

 

Global Airport Firefighting Trucks Market Segmentation

The report analyses the airport firefighting trucks market based on type, application, and region.

Global Airport Firefighting Trucks Market By Type

Based on type, the global airport firefighting trucks market has been bifurcated into four-wheel drive, six-wheel drive, and eight-wheel drive vehicles. In 2021, the six-wheel-drive segment was the highest revenue generator, and the eight-wheel drive segment is anticipated to grow at the fastest growth rate during the study period. The six-wheel-drive segment held the biggest market share due to its growing adoption by civil as well as military airports. This is attributed to high performance and capability to perform efficiently in all working environments.

 

 

Global Airport Firefighting Trucks Market By Application

Based on application, the market is fragmented into civil airports and military airports. In 2021, the civil airport segment generated the highest revenue, and it is expected to exhibit the highest growth rate during the study period. The presence of a large number of civil airports globally along with the rise in renovation & up-gradation of these airports is expected to lead to the growth of the airport firefighting trucks market for civil airports.

 

 

Geographical Analysis of Global Airport Firefighting Trucks Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Amongst these, North America was the dominant market in 2021. Besides, Asia-Pacific is expected to be the fastest-growing region during the study period. North America along with Europe is anticipated to grow at a moderate pace. In contrast, emerging regions such as Latin America and the Asia-Pacific are projected to exhibit at a faster rate and will contribute significant revenues to the global airport firefighting trucks market in the near future. The high manufacturing capacity of airport firefighting trucks in the Asia-Pacific, especially in China, is driving the growth of the market. Throughout the study period, prominent players are anticipated to witness remunerative opportunities in several nations of the Middle East and Africa. This is attributed to the growing demand from firefighting departments in these regions.

 

 

Major Players of the Global Airport Firefighting Trucks Market

The global airport firefighting trucks market report includes players such as E One, Kronenburg, Magirus Group, Morita Group, NAFFCO, Oshkosh Corporation, Rosenbauer International, Simon Carmichael International, Volkan, and Ziegler.

Further, prominent players in the market are adopting collaboration as their key developmental strategy in order to improve their product offerings. For instance, recently, in November 2021, the new “smart truck” technology of IDEX Fire &Safety was presented by Microsoft in a case study and video. This is made by IDEX Fire & Safety in partnership with REV, producer of the highly-rated E-ONE Fire & rescue vehicles. This new system is integrated with the Internet of Things (IoT), and observes emergency vehicles – from their engines to their valves &pumps.

COVID-19 Analysis

The novel coronavirus caused a massive impact on the lives of people and the overall community in 2020. It originated as a crisis to human health and posed a substantial threat to worldwide trade, economy, and finance. In addition, manufacturing, mining, and construction supply chains are striving on a worldwide scale to keep pace with the quick transmission of the virus. Further, the COVID-19 pandemic has halted the production of airport firefighting trucks, due to prolonged lockdown in countries such as the U.S., China, India, Japan, and Germany among others. This has hindered the development of the Airport Firefighting Trucks market significantly over the past two years. Further, the demand for airport fire fighting trucks market plummeted during COVID owing to the significant decline in the air traffic globally.

 

Recent Developments
  • In April 2022, REV Fire Group, introduced Vector, a fully electric fire truck, at Fire Department Instructors Conference (FDIC) International in Indianapolis, Indiana.
  • In April 2022, Ziegler announced a partnership with Kortrijk-Wevelgem International Airport, Belgium to provide their Z6 fire trucks to the airport.
  • In February 2020, NAFFCO announced a partnership with the Government of Kuwait to help provide the Kuwait Oil Company (KOC) with 10 Fire Fighting Vehicles and 4 Rapid Intervention Vehicles. Moreover, NAFFCO trained the Kuwaiti firefighters on NAFFCO firefighting equipment.
  • In September 2020, WISS Group announced a collaboration with Netherlands Fire Service to a new firefighting and rescue vehicle on DAF LF 290 4×2 chassis with automatic transmission. The four-door cab has seats for a driver and six crew members (1+1+5). The volume of a water tank in this truck is capped at 2000 liters while Ruberg AB truck-mounted pump has a capacity of 3000 l/min at 10 bar and 460 l/min at 40 bar. The vehicle is also equipped with a fire hose reel, a telescopic, a pneumatic light mast, and a 7kV hydraulic generator.
Airport Firefighting Trucks Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global airport firefighting trucks market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future airport firefighting trucks market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the airport firefighting trucks market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global airport firefighting trucks industry.

 

Frequently Asked Questions

Q. How big is the airport firefighting trucks market?

Ans. The global airport firefighting trucks market size was $1.1 billion in 2021 and is anticipated to reach $1.9 billion in 2031, growing at a rate of 6.5% from 2022 to 2031.

Q. What is the airport firefighting truck market growth rate?

Ans. The growth rate of the airport firefighting trucks market is 6.5% from 2022 to 2031.

Q. Which region holds a major market share for the airport firefighting trucks market?

Ans. North America holds a major market share of the airport firefighting trucks market in 2021.

Q. Which segment accounted for the largest airport firefighting trucks market share?

Ans. By application, the civil airport segment accounted for the largest airport firefighting trucks market share.

Q. Who are the key players in the airport firefighting trucks market?

Ans. The key players profiled in the report are Rosenbauer International AG, Morita Holdings Corporation, Oshkosh Corporation, Magirus GmbH, E-ONE, NAFFCO, Simon Carmichael International Group (SIG) Limited, Angloco Limited, WISS Group, Ziegler, and, Kronenburg.

Q. What are the factors driving the airport firefighting truck market growth?

Ans. The major factors driving the growth of the market are the rise in demand for the development of airport infrastructure along with the growth in the number of fire incidents globally.

Q. What are the key growth strategies of airport firefighting truck market players?

Ans. The key growth strategies of airport firefighting truck market players are product launch and acquisition.

Q. Which region will provide more business opportunities for the airport firefighting trucks market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the airport firefighting trucks market during the forecast period.

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Railway Maintenance Machinery Market
May, 2022

The global railway maintenance machinery market size was $3.9 billion in 2021 and is anticipated to reach $7.5 billion in 2031, growing at a rate of 6.8% from 2022 to 2031.

 

 

Railway maintenance is a process of preserving the working condition of railway tracks. Tamping machines, tampers, ballast regulators, dynamic track stabilizers, ballast cleaners, and ballast undercutters are some of the types of machinery used in railway maintenance applications. Maintenance of railway machines is important for smooth and effective functioning.

Railway Maintenance Machinery Market Scope and Structure Analysis
Report Attribute Details
Market Size in 2021$3.9 bn
Market Size in 2031$7.5 bn
Growth Rate6.8%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredProduct Type, Application, Business Type, and Region
Key CompaniesAngelo Holding S.r.l. (MER MEC S.p.A.), China Railway Construction Corporation Limited (CRCC High- Tech Equipment Corporation Limited), Coril Holdings (LORAM), CRRC, Fluor Corporation (American Equipment Company), Geatech S.r.l., Harsco Corporation, Plasser & Theurer, Robel Bahnbaumaschinen GmbH, Sinara Transport Vehicles, and System7 Rail Holding GmbH
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Global Railway Maintenance Machinery Market Trends & Drivers

Growth in government spending on railway infrastructure development in developing nations such as India, Africa, Brazil, and others drives the global railway maintenance machinery market growth. Moreover, the rise in population growth in couple with rapid urbanization has led to growth in traffic congestion on roads and conveyance of goods from one place to another. Therefore, railways serve as an effective, low-priced, and better mode of transport. Besides, several nations globally are incessantly spending on developing railway lines. For instance, in 2020, the government of Canada planned to invest nearly $3 billion in escalating railway infrastructure projects. Further, an upsurge in demand for safe, secure, as well as effective railway systems supplements the global railway maintenance machinery market growth. Moreover, an increase in road accidents worldwide is anticipated to cater to the development of the global railway maintenance machinery market. As per World Health Organization (WHO), approximately 1.25 million deaths are recorded per year due to road accidents. Further, road traffic crashes cost nearly 3% of their gross domestic product (GDP) globally.

Further, the rise in implementation of Internet of Things (IoT) technology in the railway maintenance machinery industry, owing to features such as scalability and cloud-based systems, fuels the expansion of the railway maintenance machinery market. Moreover, technological progressions in the railway maintenance machinery are expected to offer lucrative opportunities for railway maintenance machinery industry market players.

Global Railway Maintenance Machinery Market Restraints & Challenges

Previously, railway maintenance was done manually by workers by using beaters and other instruments. However, recently, tamping machines and ballast cleaning machines are the major machines that are used in railway maintenance applications. This machinery is widely being adopted in railway maintenance applications, currently as new railway lines such as Western and Eastern Dedicated Freight Corridors, and Baghdad Metro are formed globally. Besides, they require huge capital investment. For example, a tamping machine can cost over $3 million and a ballast cleaning machine can cost nearly $2.5 million. Therefore, the high capital investment required to purchase a railway maintenance machine along with the dearth of skilled labor is anticipated to hinder the growth of the railway maintenance machinery industry.

 

Global Railway Maintenance Machinery Market Segmentation

The report analyses the railway maintenance machinery market based on product type, application, business type, and region.

Global Railway Maintenance Machinery Market By Product Type

Based on type, the global railway maintenance machinery market has been bifurcated into tamping machines, stabilizing machinery, ballast cleaning machines, and others. In 2021, the tamping machine segment was the highest revenue generator. Tamping machines are cost-effective railway maintenance machinery that lessens track maintenance costs and improves the performance of railway tracks. Huge government spending on railway infrastructure projects globally is expected to drive the growth of this segment. Besides, the demand for tamping machines is anticipated to grow throughout the study period, owing to efforts to enhance safety, renovate the quality of current railway lines, and avoid railway accidents globally.

Global Railway Maintenance Machinery Market By Application

Based on application, the market is fragmented into ballast track and non-ballast track. In 2021, the ballast track segment generated the highest revenue, and it is expected to exhibit a significant growth rate during the study period. Ballast tracks are laid under railway sleepers to reduce the stress on the ground. Ballast track is generally adopted in the railway maintenance industry owing to features such as quick water drainage and chances of vegetation. Ballast tracks can be installed horizontally or vertically. The growth in several railways in addition to government initiatives to cut carbon emissions caters to the growth of the railway maintenance machinery market for ballast tracks. For instance, by 2050, the countries in Europe are focusing on lessening the carbon emission to zero.

 

 

Global Railway Maintenance Machinery Market By Business Type

Based on business type, the market is fragmented into new sales and aftermarket sales. In 2021, the aftermarket sales segment generated the highest revenue, and it is expected to exhibit a significant growth rate during the study period. Aftermarket sales involve accessories, spare parts, and other components used in repair and maintenance services for the railway machinery industry. A rise in the use of conditioning monitoring, analysis, and optimization is likely to offer railway maintenance machinery market growth. Further, as this machinery requires huge capital for its procurement, hence, new sales of this machine are low as compared to aftermarket sales.

 

 

Geographical Analysis of Global Railway Maintenance Machinery Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Amongst these, Europe was the dominant market in 2021. Besides, Asia-Pacific is expected to be the fastest-growing region during the study period. North America along with Europe is anticipated to grow at a moderate pace. The high manufacturing capacity of railway maintenance machinery in Europe is driving the growth of the market.  In contrast, emerging regions such as Latin America and the Asia-Pacific are projected to exhibit at a faster rate and will contribute significant revenues to the global railway maintenance machinery market in the near future. Throughout the study period, prominent players are anticipated to witness remunerative opportunities in several nations of the Asia-Pacific and Africa. This is attributed to the growing demand from railway departments in these regions.

 

Major Players of the Global Railway Maintenance Machinery Market

The global railway maintenance machinery market report includes players such as Angelo Holding S.r.l. (MER MEC S.p.A.), China Railway Construction Corporation Limited (CRCC High-Tech Equipment Corporation Limited), Coril Holdings (LORAM), CRRC, Fluor Corporation (American Equipment Company), Geatech S.r.l., Harsco Corporation, Plasser & Theurer, Robel Bahnbaumaschinen GmbH, Sinara Transport Vehicles, and System7 Rail Holding GmbH.

COVID-19 Analysis

The novel coronavirus caused a massive impact on the lives of people and the overall community in 2020. It originated as a crisis to human health and posed a substantial threat to worldwide trade, economy, and finance. In addition, the COVID-19 pandemic has also forced several companies to halt their business activities with new government regulations for plummeting the spread of COVID-19. This stop in processes directly impacts the sales of the manufacturers of railway maintenance machinery, globally. For example, the net revenue of Alstom declined by nearly 15% in 2020. Nevertheless, a break in manufacturing activities along with a lockdown for numerous months has impacted the global railway maintenance machinery market growth, with a slow recovery during 2021. This is further expected to the re-opening of the global railway maintenance machinery market at its full-scale capacities in 2022.

 

Recent Developments
  • In May 2021, Jinzhou Tiegong Railway Maintenance Machinery Co., Ltd. launched DG550 electric rail tamper which is apt for tamping ballast bed in railway line maintenance and overhaul.
  • In January 2021, Sinara Transport Machines Holding introduced a new RTM-32 track tamper machine for railway projects in India. This machine is operated on both electrical and mechanical components. This tamping machine is used in IR (Indian railway) industry. It uses components such as cranes, ballast regulating machines, and tampers.
  • In August 2020, MER MEC signed a partnership with Hottinger Bruel & Kjaer GmbH, which deals in providing measurement equipment, and sensors required for the railway and engineering industry. The partnership aimed to design, and construct the world’s first integrated system to measure wheel-rail profiles.
  • In March 2020, Harsco Corporation signed a 3-year agreement for $25 million with Network Rail, the largest infrastructure manager of railway networks in the UK. The agreement aimed to provide a mobile maintenance train service. The agreement aimed to improve the strategic relationship with infrastructure companies in the UK.

 

Railway Maintenance Machinery Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global railway maintenance machinery market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future railway maintenance machinery market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Railway Maintenance Machinery market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global railway maintenance machinery industry.

 

Frequently Asked Questions

Q. How big is the railway maintenance machinery market?

Ans. The global railway maintenance machinery market size was $3.9 billion in 2021 and is anticipated to reach $7.5 billion in 2031, growing at a rate of 6.8% from 2022 to 2031.

Q. What is the railway maintenance machinery market growth rate?

Ans. The growth rate of the railway maintenance machinery market is 6.8% from 2022 to 2031.

Q. Which region holds a major market share for the railway maintenance machinery market?

Ans. Europe holds a major market share of the railway maintenance machinery market in 2021.

Q. Which segment accounted for the largest railway maintenance machinery market share?

Ans. By application, the ballast segment accounted for the largest railway maintenance machinery market share.

Q. Who are the key players in the railway maintenance machinery market?

Ans. The key players profiled in the report are Angelo Holding S.r.l. (MER MEC S.p.A.), China Railway Construction Corporation Limited (CRCC High-Tech Equipment Corporation Limited), Coril Holdings (LORAM), CRRC, Fluor Corporation (American Equipment Company), Geatech S.r.l., Harsco Corporation, Plasser & Theurer, Robel Bahnbaumaschinen GmbH, Sinara Transport Vehicles, and System7 Rail Holding GmbH.

Q. What are the factors driving the railway maintenance machinery market growth?

Ans. The major factors driving the growth of the market are the rise in demand for the development of railway infrastructure along with the growth in the number of railway accidents globally.

Q. What are the key growth strategies of railway maintenance machinery market players?

Ans. The key growth strategies of railway maintenance machinery market players are agreement and acquisition.

Q. Which region will provide more business opportunities for the railway maintenance machinery market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the railway maintenance machinery market during the forecast period.

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Packaging Film Market
May, 2022

The global packaging film market size was $135.1 billion in 2021 and is anticipated to reach $210.5 billion in 2031, growing at a rate of 4.4% from 2022 to 2031.

 

 

 

Packaging films are used in industries such as food, beverages, personal care products, electronics & electrical, home care products, healthcare products, and other industrial goods. Single-use packaging and multi-layer film packaging are being gradually used as a substitute for hard packaging in end-user sectors.

Packaging Film Market Scope and Structure Analysis

Report Attribute Details
Market Size in 2021$135.1 bn
Market Size in 2031$210.5 bn
Growth Rate (2021-31)4.4%
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredMaterial, Product Type, Application, and Region
Key CompaniesAEP Industries Inc., Amcor Limited, AMPAC Holdings, LLC, Bemis Company, Berry Plastics Corporation, Charter Nex Films Inc., Dupont Teijin Films, Exopack Holding Corporation, Graphic Packaging Holding Corporation, and Hilex Poly Co LLC
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Market Trends and Drivers

The global packaging film market is anticipated to observe substantial growth in the upcoming years on account of growing application in food & beverage, medical, and other industries. In addition, the rise in population along with the growing disposable income of middle-class customers are projected to drive the demand for packaged food & beverages and personal care products. This, in turn, is anticipated to lead to a consequent increase in packaged goods and thereby packaging films during the study period. Emerging economies are exploring the varied benefits of packaged products in numerous industrial sectors, which are projected to supplement the packaging film demand. Plastics film packaging is light, non-corrosive, and relatively cheap, which is estimated to augment the global packaging film market growth.

Polyethylene (PE) and polypropylene (PP) are normally chosen as basic packaging materials in several applications. Nevertheless, high-barrier polymers and specialty films are water-resistant and are progressively gaining relevance in end-use applications. A rise in focus on the protection and safety of packaged contents has also positively contributed to the development of the market. In addition, plastic barrier technologies assist in preserving and protecting contents as well as optimizing the shelf life of perishable goods. These films also offer transparency to the products, serving as a base for printing and labeling the product. Besides, they slow down the deterioration process of perishable goods and hamper microbial growth, thereby, are anticipated to supplement global packaging film market growth.

Market Restraints & Challenges

One of the major factors hindering the global packaging film market growth is the stringent regulations for the usage of plastics on account of concerns regarding increased food packaging and consequent recyclability issues. In addition, the other concerns & risks associated with the market are recycling issues and exposure to degradation over time. A high threat from other packaging materials is also anticipated to pose a challenge to the global plastic packaging film market. Further, the fluctuating raw material prices is also anticipated to hinder the growth of the market.

Global Packaging Film Market Segmentation

The report analyses the packaging film market based on material type, product type, application, and region.

Global Packaging Film Market By Material Type

Based on material type, the global packaging film market has been bifurcated into polypropylene, polyethylene, polyester, PVC, and others. The polyethylene segment is anticipated to account for the largest packaging film market share throughout the forecast period. Polyethylene is extensively used for the manufacturing of packaging films globally. The rising demand for flexible packaging films is projected to boost the demand for polyethylene throughout the study period. The flexibility and durability impact of polyethylene films are enhancing their use among the packaging film manufacturers.

 

 

 

Global Packaging Film Market By Product Type

By product type, it is divided into bags, pouches, liners, wraps & rolls, and others. The demand for bags is expected to grow significantly in the forecast period. Bags are expected to hold a significant share of the market due to the rise in the use of packaging films food & beverages industry globally. In addition, there has been an increase in demand for efficient and reliable packaging films in several regions globally. Thus, the packaging film market demand would rise during the forecast period.

The growing need to protect & secure products for shipping & retail environments is positively contributing to the growing demand for packaging film bags. Furthermore, the need to sustain the sustainability standards concerning packaging materials amongst the producers of consumer-packaged goods (CPG) is fueling the utilization of polyethylene bags as it is recyclable.

Global Packaging Film Market By Application

By application, it is categorized into pharmaceutical, industrial, food & beverages, consumer products, and others. The demand for packaging films in the food and beverage industry is expected to grow significantly during the forecast period. Factors such as sustainability concerns, product modernization, and attractive economics are leading to the growth of packaging films in the food & beverage industry. The rise in the focus of consumers toward fresh products along with an extended shelf life is enhancing the application of packaging films in the food & beverage industry as it aids in conserving the quality of food products. These films preserve packaged goods against external environments, that alter the safety and quality of food products. They also make storage, transportation, and dispensing of products easier. There has been a growth in the demand for processed food and beverages globally, thereby fueling the packaging films market expansion.

The pharmaceutical industry segment is expected to exhibit substantial growth in the global packaging film market throughout the estimated period. The necessity for reliable packaging solutions that deliver an amalgamation of quality, product protection, and tamper-evidence, is projected to enhance the packaging film market growth in the pharmaceutical industry.

Geographical Analysis of Global Packaging Film Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific accounts for the largest market share in the packaging film market and is forecasted to register the fastest CAGR from 2022 to 2031. Factors such as rapid development in the food & beverage and healthcare industries, along with the growing demand for effective packaging films are anticipated to propel the growth of the Asia-Pacific packaging film market. Besides, the presence of numerous medium-to-large players in North America and European countries is also attributable to rapid revenue growth. Thus, the demand for the packaging film market would have a positive influence in the forecast period.

 

 

Major Players of the Global Packaging Film Market

The global packaging film market report includes players such as Amcor Limited, AMPAC Holdings, LLC, Sealed Air Corporation, Berry Plastics Corporation, Charter Nex Films Inc., Dupont Teijin Films, Exopack Holding Corporation, Graphic Packaging Holding Corporation, and Hilex Poly Co LLC.

Prominent players in the industry such as Berry Plastics Corporation, Bemis Company, and Exopack Holding Corporation are focusing on adopting acquisition as their key developmental strategy to boost the product offerings of packaging films. For instance, in 2020, SABIC presented a sustainable frozen food packaging solution that mixes a novel grade of polyethylene (PE) along with innovative film production technology. It offered substantially higher performance in comparison to conventional blown PE film solutions. Thus, making it alluring from both a sustainability and commercial point of view.

COVID-19 Analysis

According to the International Monetary Fund (IMF), due to the epidemic of a novel coronavirus, the worldwide economy decreased by over 3.0% in 2020. Several nations were under strict lockdowns in 2020 & 2021, which have impacted the supply of raw materials. Therefore, due to this, the manufacturing activities of plastic film producers have ceased. However, due to COVID-19, there has been a new interest found in the hygiene of the packaging due to heightened safety concerns. Moreover, the period observed an e-commerce boom, thus, augmenting the necessity for well-designed as well as functional packaging films which are hygienic and sustainable. Hence, COVID-19 had a mixed effect on the packaging film market growth during the forecast period.

Recent Developments
  • In May 2022, Berry Global Group, Inc. and Taco Bell in partnership launched a new clear, all-plastic cup encompassing mechanically recycled and sustainable post-consumer resin (PCR).
  • In April 2021, Amcor, located in Switzerland launched the AmSky blister system. This system has the potential to alter the sustainability of health care packaging. This system is anticipated to support healthcare customers to boost the recyclability of their packaging.
  • In June 2020, Innovia Films, a division of CCL Industries Inc., introduced Encore, a new family of recyclable biaxially based polypropylene films (BOPP) films. The Encore was made using organic, non-food-based raw materials. This material will help minimalize the use of fossil-based virgin raw materials.
Packaging Film Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current global packaging film market outlook and estimations from 2021 to 2031, which helps to recognize the prevalent opportunities.
  • A thorough analysis of market trends and restraints is provided.
  • Region-wise, as well as country-wise conditions, are broadly evaluated in this report.
  • The forecasts in this report are made by examining the recent trends along with future packaging film market potential from 2021 to 2031 in terms of revenue.
  • Porter’s five forces analysis, SWOT analysis, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the packaging film market are also analyzed.
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the global packaging film industry.

 

Frequently Asked Questions

Q. How big is the packaging film market?

Ans. The global packaging film market size was $135.1 billion in 2021 and is anticipated to reach $210.5 billion in 2031, growing at a rate of 4.4% from 2022 to 2031.

Q. What is the packaging film market growth rate?

Ans. The growth rate of the packaging film market is 4.4% from 2022 to 2031.

Q. Which region holds a major market share for the packaging film market?

Ans. The Asia-Pacific region holds a major market share of the packaging film market in 2021.

Q. Which segment accounted for the largest packaging film market share?

Ans. By end-user, the hospital segment accounted for the largest packaging film market share

Q. Who are the key players in the packaging film market?

Ans. Amcor Limited, AMPAC Holdings, LLC, Sealed Air Corporation, Berry Plastics Corporation, Charter Nex Films Inc., Dupont Teijin Films, Exopack Holding Corporation, Graphic Packaging Holding Corporation, and Hilex Poly Co LLC.

Q. What are the factors driving the packaging film market growth?

Ans. The major factors driving the growth of the market are the rise in demand for packaged food along with growth in investments for R&D activities in packaging films.

Q. What are the key growth strategies of packaging film market players?

Ans. The key growth strategies of packaging film market players are product launch and acquisition.

Q. Which region will provide more business opportunities for the packaging film market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the packaging film market during the forecast period

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Linear Motion Market
April, 2022

Linear Motion Market is expected to reach $5.7 bn by 2031, growing at a CAGR of 5.3% between 2021-2031. 

Linear motion is a subset of motion control that includes linear motors, linear actuators, and linear rolling guides and bearings, among other things.

Traditional linear motors are essentially a rolled-out and flattened permanent magnet rotary motor. When the motor’s stationary part is powered, the moving part, which contains some form of conductive substance, moves.

The advantages of linear motors include high speeds and quick response times, great precision and stiffness, and the removal of backlash due to the lack of mechanical transmission components.

Linear motors, on the other hand, can be more expensive than other standard alternatives. They also want more responsiveness from controllers, such as faster bandwidth and update rates. Linear motors are also not capable of producing as much force as other solutions, such as ball screws. Another concern could be heating caused by I2R losses, which would necessitate additional cooling considerations.

The key driver driving the market’s growth is rising industrialization, which is linked with the demand for digital transformation and the use of automated systems in numerous industries. Furthermore, due to their better performance in adverse environmental conditions in industries, these systems are in high demand.

Covid-19 Impact Analysis:

Due to the global spread of the covid-19 epidemic, the market is undergoing a challenging period. Various manufacturing businesses are experiencing work stoppages or labor shortages as a result of heavy restrictions and lockdowns. The work-from-home culture has reduced the need for staff management, which has had an impact on the demand for Linear Motion Systems across a variety of end-user sectors. Furthermore, with the market now in a recovery phase, the Linear Motion Systems Market’s scope of expansion will undoubtedly be expanded.

Report Coverage
Report Attribute Details
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredIndustry, Component, Type
Key CompaniesNippon Thompson Co., Ltd., Altra Industrial, Timken Company, Bosch Rexroth AG, Thomson Industries Inc., Lintech, Bishop-Wisecarver, Schneeberger AG, Rollon Spa, Ewellix AB
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Key Trends and Drivers:
  • The automotive industry’s rapid growth and widespread usage is expected to be the primary driver of the Linear Motion Systems Market Size. The automation industry, with its high adoption of linear motion systems, is also likely to play a key role in the market’s growth.
  • LMS will benefit greatly from the fast development in demand for energy-efficient and environmentally friendly vehicles in the automotive sector.
  • Machine components, such as linear motion goods, are being shaped by the industrial automation with integrated technologies, such as IIoT and IoT implications, for data collecting. Capturing machine data provides for system performance monitoring and analysis, as well as early discovery of any faults.
  • The growing demand for automation in manufacturing applications around the world is boosting the market’s prospects. Due to quality inspection requirements, increased precision, adaptability, reliability, and efficiency, linear motion systems are widely used.
Restraints and Challenges:

There are several factors that can hinder the growth of linear motors, including cost, complexity, and maintenance. Additionally, linear motors can be less efficient than other types of motors, which can make them less attractive to potential users.

Market Segmentation:

By Industry:

  • Aerospace
  • Automotive
  • Medical and Pharmaceutical
  • Machining Tools
  • Semiconductor & Electronics
  • Food & Beverages

By Component:

  • Actuators
  • Ball Screws
  • Linear Guides
  • Linear Motors

By Type:

  • Single-axis linear motion system
  • Multi-axis linear motion system
Key Companies:
  • Nippon Thompson Co., Ltd.
  • Altra Industrial
  • Timken Company
  • Bosch Rexroth AG
  • Thomson Industries Inc.
  • Lintech
  • Bishop-Wisecarver
  • Schneeberger AG
  • Rollon Spa
  • Ewellix AB
  • HepcoMotion
  • Hiwin Technologies Corporation
Recent Developments:

Jan 03, 2022: Nook Industries, a leader in US engineered linear motion products and solutions, announced today that it has sold the family-owned business to Braintree, Massachusetts based Altra Industrial Motion Corp. (Nasdaq: AIMC), a leading global manufacturer and supplier of motion control, power transmission and automation products.

Aug 20, 2021: The Timken Company, a global industrial leader in engineered bearings and power transmission products, has acquired Intelligent Machine Solutions (iMS), a manufacturer of industrial robotics and automation solutions. The addition of iMS expands and complements Timken’s Rollon® linear motion product range with larger and heavy-duty applications, such as seventh-axis robotic transfer units (RTUs) and gantry systems.

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Intelligent Flow Meter Market
April, 2022

Intelligent Flow Meter Market is expected to reach $5.3bn by 2031 growing at a CAGR of 5.1% between 2021-2031.

An intelligent flow meter, also known as a smart flow meter, is an electronic device that measures the volumetric flow of liquid in pipes. In addition to measuring the velocity of a fluid with ultrasound or other means, intelligent flow meters are used to compute liquid flow more accurately than ordinary flow meters. Intelligent flow meters are distinguished by the fact that they are unaffected by weather conditions or parameters like as density, viscosity, or temperature, resulting in reliable measurement readings. These meters emit an ultrasonic or laser beam into the flowing fluid, which is reflected back and causes the moving fluid to be displaced on the screen.

The benefits of accuracy, stability, and dependability provided by intelligent flow meters, increasing demand for these flow meters in the chemicals and water & wastewater industries, and increased investments in industrial infrastructure activities are all driving the market forward.

Covid-19 Impact Analysis:

COVID-19 was declared a pandemic by the World Health Organization (WHO), affecting practically all industries, including the Intelligent Flow Meter Market Industry. In this situation, the flowmeter market has also come to a halt. As a result, the flow meter product’s shipments have decreased, as have the market revenues generated from them. The market expansion encountered challenges throughout the first half of this pandemic year, and there was a dramatic reduction in market size. However, as the demand for flowmeter market products has grown, the worldwide Intelligent Flow Meter Market demand has climbed in the second half.

Market Scope and Structure:
Report Metric

Details

Market Size Available for Years  2021–2031
  Base Year Considered  2021
  Forecast Period  2021–2031
  Forecast Unit  Value (USD)
 Segments Covered Type, End Use Industry, Communication Protocol, Region
  Companies Covered Emerson Electric, Itron, ABB, Siemens, Honeywell International, Baker Hughes, Sierra Instruments Inc., Endress + Hauser AG, Azbil Corporation, Nidec Corporation, American Industrial Partners, Landis + Gyr
Key Trends and Drivers:
  • Intelligent flow meters offer a better diagnostic approach than standard flow meters, increasing demand for them. Intelligent or smart flow meters not only monitor a liquid’s or gas’s flow rate in real time, but also provide feedback for accurate flow rate control. Factors such as the type of fluid to be measured, the application for which measurement is made, and the technology employed are all taken into account while improving the accuracy of flow meters. This aids in maintaining the precision and stability of the liquid or gas flow according to velocity, as well as providing reporting in the event that the accuracy or stability is not up to par. This has led to adoption of intelligent flow meters in industrial applications that require high precision.
  • With the advancement of ultrasonic measurement technology, demand for intelligent flow meters is increasing at the same time, encouraging the market’s growth. Intelligent flow meters are widely implemented internationally due to the increased demand for precision in the oil and gas industry to calibrate fluids properly, fueling the growth of the intelligent flow meter market.
  • Flowmeters can be used at every stage of the water cycle to increase the efficiency and long-term sustainability of water supply, treatment, and distribution. Thereby, providing a solution to the problem of waste water treatment and reuse.
Restraints and Challenges:
  • Since flow meters have major usage within Oil & Gas industries, their market growth is dependent on the investments flowing into new oil and gas projects, which are a dependent on oil price. Oil price was depressed for last number of years and was particularly impact by Covid resulting in lower growth of the market. However, oil price has since recovered due to energy crises fueled by Russia-Ukraine war though it remains to be seen whether this increase results in higher investments into oil and gas projects.
  • The high cost of coriolis and magnetic flow meters, is a major stumbling block to the market’s expansion. Furthermore, the poor accuracy and fragility of intelligent flow meters is a major issue limiting the global intelligent flow meter market’s growth.
Market Segmentation:

By Type:

  • Variable Area
  • Differential Pressure
  • Positive Displacement
  • Coriolis
  • Magnetic
  • Vortex
  • Multiphase
  • Ultrasonic

By End Use Industry:

  • Chemicals
  • Food & Beverages
  • Metals & Mining
  • Oil & Gas
  • Pharmaceuticals
  • Power Generation
  • Water & Wastewater

By Communication Protocol:

  • HART
  • MODBUS
  • PROFIBUS
  • Others
Key Companies:
  • Emerson Electric
  • Itron
  • ABB
  • Siemens
  • Honeywell International
  • Baker Hughes
  • Sierra Instruments Inc.
  • Endress + Hauser AG
  • Azbil Corporation
  • Nidec Corporation
  • American Industrial Partners
  • Landis + Gyr
Recent Developments:

April 12, 2022: Texas-based CenterPoint Energy Inc. (NYSE: CNP) is planning to further modernize its natural gas distribution system. The utility, which has a major presence in Indiana, has contracted with Washington-based Itron Inc. (Nasdaq: ITRI) to install three million natural gas ultrasonic smart meters.

Nov 01, 2021: Industrial pumping solutions provider Industrial Flow Solutions, headquartered in New Haven, Connecticut, announced the agreement to acquire Clearwater Controls Ltd., based in Glasgow, Scotland. Clearwater Controls offers a broad line of wastewater solutions, beginning with its leading deragging intelligent systems to solve specific pumping problems, to more advanced monitoring technology to optimize and manage entire water networks.

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Industrial Chillers Market
April, 2022

Global Industrial Chillers Market is expected to reach $7.3bn in 2031 growing at a CAGR of 4.1% between 2021-2031.

Industrial chillers are mostly utilized in the manufacturing industry to keep equipment and the surroundings cool. Compressors, condensers, evaporators, control units, expansion valves, and power panels are the main components of an industrial chiller. Furthermore, chillers provide air conditioning by removing undesired heat from industrial structures. The income generated by sales of chillers in end-user sectors such as chemicals, pharmaceuticals, energy, and food & beverages, among others, makes up the industrial chillers market size.

COVID-19 Impact Analysis:

Due to protracted lockdown in economies such as India, the United States, Japan, and Germany, the advent of COVID-19 has resulted in the entire or partial suspension of numerous types of manufacturing facilities that do not fall under critical products. Furthermore, the spread of COVID-19 has already had an impact on industrial chiller sales and after-sales services in 2020 and the first half of 2021, as manufacturing plants other than wastewater treatment, food and beverage, and pharmaceuticals were not permitted to resume operations during the lockdown. Several European governments, for example, set stringent restrictions on person mobility and other manufacturing activity.

Further, the sales of several major companies in the market declined in 2020 due to limitations & restriction in logistics as well as raw material supply. For instance, Daikin registered a decline in sales by nearly 9% from March 2020 to September 2020. Besides, in 2020, Emerson recorded a drop in revenue by over 8.4%.

In contrast, with the introduction of COVID-19 vaccines along with safety measures being taken by the governments globally, the number of COVID-19 cases are declining. This further led to re-initiation of manufacturing industries at its full-sized capacities, thereby, would aid the industrial chillers market to completely recover in short term.

Market Scope and Structure:
Report Metric Details
Market Size Available for Years  2021–2031
  Base Year Considered  2021
  Forecast Period  2021–2031
  Forecast Unit  Value (USD)
 Segments Covered Product type, Type, Power Range, End-User, Distribution Channel, Region
  Companies Covered Carrier Global Corporation, Mitsubishi Electric Corporation, Daikin Industries Ltd, Dimplex Thermal Solutions, LG Electronics, Johnson Controls International Plc, Gree Electric Appliances Inc of Zhuhai, Midea Group Co. Ltd, Thermax Ltd, and Trane Technologies Plc.

 

Key Trends and Drivers:
  • As per capita wealth rises around the world, demand for comfort and leisure products such as refrigerators and air conditioners rises. Another driving force for the cooling equipment market is the rising food and healthcare industries.
  • The market is primarily driven by the increase in demand for industrial chillers in the fast-moving consumer goods (FMCG) industry. This is due to an increase in the consumption of processed and packaged foods and beverages in emerging economies.
  • The expansion of the industrial chillers market is also expected to be aided by factors such as the rise in industrialization and the number of manufacturing facilities across various countries.
  • The requirement for IoT in chillers has resulted in the creation of connected chillers. Preventive maintenance and other unique features are becoming increasingly popular. Reduced downtime, fewer interruptions, and long equipment life are all advantages of smart chillers.
Restraints and Challenges:
  • Industrial chillers are utilized in a wide range of industries, including food and beverage, plastics, chemicals, and others. To keep a facility’s temperature under control, these chillers use a significant amount of energy to operate. These systems also necessitate a significant expenditure in terms of upkeep. Furthermore, to manage the flow of refrigerants in them, continuous monitoring is required.
  • Fluorinated gas restrictions are a difficult obstacle for chiller makers to overcome. This has an impact on how chillers are used as condensers and evaporators. All of these reasons are projected to limit the demand for industrial chillers.
Market Segments:

By Type

  • Screw Chiller
  • Scroll Chiller
  • Centrifugal Chiller
  • Others

By Product Type

  • Air-Cooled Chiller
  • Water-Cooled Chiller

By Power Range

  • Less than 50 kW
  • 50-200 kW
  • More than 200 kW

By End Industry

  • Chemicals & Petrochemicals
  • Food & Beverages
  • Plastics & Rubber
  • Medical
  • Others
Key Players
  • Carrier Global Corporation
  • Mitsubishi Electric Corporation
  • Daikin Industries Ltd
  • Dimplex Thermal Solutions
  • LG Electronics
  • Johnson Controls International Plc
  • Gree Electric Appliances Inc of Zhuhai
  • Midea Group Co. Ltd
  • Thermax Ltd
  • Trane Technologies Plc.
  • Drake Refrigeration Inc.
  • Haier Electronics Group Co. Ltd.
  • Senho Machinery (Shenzhen) Co., Ltd.
  • United Technologies Corporation

 

Recent Developments:
  • March 22 2022: CoreSite, a leading hybrid IT solutions provider and subsidiary of American Tower Corporation, announced it will now serve customers in its Boston data center facility with a highly energy-efficient cooling system that will save an estimated eight million kilowatt-hours each year.
  • Dec 13, 2022: Piovan Group acquires 100% of IPEG, further strengthening its global leadership position in its reference sector. Closing of the transaction expected by the first quarter of 2022

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Metal Fabrication Equipment Market
April, 2022

Global Metal Fabrication Equipment Market is expected to reach $28.3 Bn by 2031 growing at a CAGR of 4.1% between 2021 and 2031.

Metal fabrication is essential in the majority of manufacturing processes. It has its significance in businesses where building metal components for various application is involved. Led by major technological advancements such as the implementation of IoT and automation, metal fabrication equipment can now deliver better results than conventional equipment. This is expected to boost the global metal fabrication equipment market soon.

Rising global population is driving the consumption and demand for energy. Rapid industrialization is anticipated to drive the demand for fabrication equipment. However, the high cost of raw materials is expected to be a major restraint for the market growth. Nevertheless, technological advancements and efforts to develop customized equipment are anticipated to create business avenues for the manufacturers in near future.

As the world’s population grows, so will the world’s energy consumption, causing countries to become more industrialized and driving the market for metal fabrication equipment. The aviation and car industries utilize fabricated metal significantly, and there is a boom in the trend in these industries, which will drive the market even more. The availability of raw materials and price fluctuations are the primary concerns in the metal fabrication equipment market, which are limiting the market’s growth. However, other prospects exist, including technology advancements and a surge in emerging markets, particularly in Asia-Pacific.

COVID-19 Impact Analysis:

The emergence of the novel COVID strain has harmed the health-care infrastructure in many industrialized and developing countries. Staff, medicines, oxygen beds, and ventilators are all in short supply in the hospital. Supply chains are being disrupted, causing production activities to be disrupted in several countries.

However, as the economy improves and governments remove limitations on manufacturing, demand for metal fabrication equipment is expected to increase in the future years.

Report Coverage
Report Attribute Details
Historic Period2015-2020
Forecast Period2022-2031
Base Year2021
Segments CoveredEquipment Type, Application Outlook, Type
Key CompaniesJet Edge, Inc., Jenoptik AG, Defiance Metal Products, Interplex Holdings Pte., Watson Engineering, Inc., Lancer Fab Tech Pvt. Ltd., Fabtech Pvt Ltd., Atlas Copco, Komaspect, Colfax
Regional ScopeNorth America, Europe, Asia Pacific, Central & South America, Middle East & Africa
Analysis CoverageMarket Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments
Key Trends and Drivers:
  • All automotive manufacturers must adhere to strict pollution regulations, and the easiest method to do so is to minimize their weight. Aluminum alloys, sophisticated high-strength steels, magnesium, composite materials, carbon fiber, and a variety of plastic materials are all employed in the production of automobiles.
  • As it relates to the flow of information to machine tools and engineers/operators, the rise of Industry, or the Internet of Things (IoT), which is a crucial trend, is projected to have a profound impact on tooling and fabricating equipment. Smart tooling should provide real-time input on issues like vibration and transmit notifications to the engineer.
  • Changes in the financial and manufacturing sectors, as well as the implementation of automated fabrication processes, are projected to move the market forward.
Restraints and Challenges:
  • Lack of competent personnel and advancements in additive construction technology have hampered the market’s growth. Advancements in the realms of automation tools and robotics are predicted to generate opportunities for manufacturers during the forecasted period.
  • The need for raw materials such as copper, aluminum, and iron for the production of final metal products is declining, while the use of plastics, composite materials, and other non-metal alternatives is increasing.
Segmentation:

By Equipment Type

  • Machining
  • Cutting
  • Forming
  • Welding
  • Others

 By Application Outlook

  • Job Shops
  • Automotive
  • Aerospace & Defense
  • Mechanical Application

By Type

  • Cutting
  • Machining
  • Welding
Key Players:
  • Jet Edge, Inc.
  • Jenoptik AG
  • Defiance Metal Products
  • Interplex Holdings Pte.
  • Watson Engineering, Inc.
  • Lancer Fab Tech Pvt. Ltd.
  • Fabtech Pvt Ltd.
  • Atlas Copco
  • Komaspect
  • Colfax
Recent Developments:

April 8 2022: UK-based oil and gas subsea equipment specialist Express Engineering has announced a six-figure investment in new precision welding equipment and capabilities as it expands its sector operations to support customers.

April 7 2022: Nanoe and Kimya have announced a partnership that will bring Nanoe’s Zetamix filaments for metal and ceramic Additive Manufacturing to the North American market.

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Industrial Nitrogen Generator Market

Industrial nitrogen generators are devices that produce nitrogen gas from the air. The gas is then used in various industrial processes, such as welding, cutting, and packaging. Nitrogen generators can be either portable or stationary.

Key Trends

The key trends in industrial nitrogen generator technology are:

1. Increased Efficiency: Newer models of nitrogen generators are more efficient than ever before, meaning that they require less energy to operate and produce nitrogen more quickly.

2. Enhanced Safety: The latest nitrogen generators are designed with safety in mind, incorporating features such as pressure relief valves and automatic shut-off mechanisms to prevent accidents.

Key Drivers

The key drivers of the industrial nitrogen generator market are the increasing demand for nitrogen in various industries and the need for a cost-effective and efficient nitrogen generation system. Nitrogen is used in a variety of industries, such as food and beverage, oil and gas, chemical, and pharmaceuticals.

The industrial nitrogen generator market is also driven by the need for a cost-effective and efficient nitrogen generation system. Nitrogen generators are more efficient than traditional nitrogen generation methods, such as air separation units (ASUs) and liquid nitrogen plants.

Restraints & Challenges

The key restraints and challenges in the industrial nitrogen generator market are the high cost of installation and maintenance, and the lack of skilled personnel.

The high cost of installation and maintenance is a major challenge for small and medium enterprises (SMEs) who cannot afford to invest in expensive equipment.

The lack of skilled personnel is another challenge as most of the nitrogen generators are operated by trained personnel.

Market Segments

The industrial nitrogen generator market is segmented by technology, size, end-use, and region. By technology, the market is segmented into membrane-based, cryogenic-based, and others. Based on size, it is bifurcated into stationary, and portable. On the basis of end-use, it is divided into food, medical, transportation, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The global industrial nitrogen generator market includes players such as Parker Hannifin Corporation, Ingersoll Rand, Air Products and Chemicals Inc, Atlas Copco, Air Liquide, Hitachi Industrial Equipment System Company, Inmatec, Linde Plc, Novair SAS, Oxymat A/S, and others.

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Mine Detection System Market

A mine detection system is a device that is used to detect the presence of mines. There are a variety of mine detection systems that are available, each with its own advantages and disadvantages. The most common type of mine detection system is the metal detector. Metal detectors are able to detect the presence of metal objects, including mines, buried beneath the surface of the ground. However, metal detectors are not always reliable, and they can be fooled by metal objects that are not mine. Another type of mine detection system is the ground-penetrating radar. Ground-penetrating radar is able to detect the presence of mines by sending out radio waves that bounce off of the metal in the mines. However, ground-penetrating radar is expensive and it is not always accurate.

Key Trends

The key trends in MDS technology are:

– The increasing use of robotics in MDS: Robotics technology is being increasingly used in MDS, as it helps in increasing the accuracy of mine detection and reduces the risks associated with human mine-clearing operations.

– The development of multi-sensor systems: There is a growing trend of integrating different sensors in MDS, in order to increase their accuracy and effectiveness.

– The use of artificial intelligence: Artificial intelligence is being used in MDS for target recognition and classification. This helps in reducing the chances of false alarms and improves the overall efficiency of the system.

Key Drivers

The Mine Detection System market is driven by the need for militaries to have a reliable and effective method of detecting mines. The market is also driven by the increasing use of mines by terrorist organizations and the need for a system that can be used in civilian applications such as demining.

Restraints & Challenges

There are a few key restraints and challenges in the Mine Detection System market.

Firstly, the high cost of these systems can limit their widespread adoption, especially in developing countries. Additionally, the systems can be difficult to operate and require skilled personnel, which can also limit their use.

Another challenge is that the systems are often not 100% accurate, meaning that some mines may be missed. This can be a particular problem in areas with a high density of mines.

Market Segments

The mine detection system market is segmented by deployment, application, technology, and region. By deployment, the market is classified into vehicle-mounted, ship-mounted, and others. Based on application, it is bifurcated into defense, and homeland security. On the basis of technology, it is divided into radar-based, sonar-based, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The global mine detection system market includes players such as BAE Systems Plc, Israel Aerospace Industries, Raytheon, Northrop Grumman Corporation, L-3 Communications Holdings Inc, Harris Corporation, General Dynamics Corporation, Schiebel GmbH, DCD Group, Chemring Group Plc, and others.

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Refrigeration Coolers Market

Refrigeration coolers are devices used to cool air or other substances. They work by circulating a refrigerant through a system of coils and fans. The refrigerant absorbs heat from the air or substance, causing it to evaporate. The evaporated refrigerant is then compressed and circulated back through the coils, where it absorbs more heat and evaporates again. This process repeats until the desired temperature is reached.

Key Trends

Refrigeration coolers are devices that use a refrigeration cycle to remove heat from a space or object, thereby cooling it. The most common type of refrigeration cooler is the air conditioner, which is used to cool air in a space. Air conditioners work by circulating a refrigerant through a closed loop system, which absorbs heat from the air and transfers it to the outside environment.

Refrigeration coolers are used in a variety of applications, including domestic and commercial refrigeration, food storage, and industrial cooling.

The key trends driving the growth of the refrigeration coolers market are the increasing demand for energy-efficient cooling solutions and the growing popularity of eco-friendly refrigerants.

The rising awareness of the importance of energy efficiency is leading to the adoption of energy-efficient cooling solutions, such as refrigeration coolers, which use less energy and emit less greenhouse gases.

The growing popularity of eco-friendly refrigerants, such as hydrofluorocarbons (HFCs) and hydrocarbons (HCs), is another key trend driving the growth of the refrigeration coolers market.

Key Drivers

The main drivers of the refrigeration coolers market are the increasing demand for energy-efficient and eco-friendly products, the need for better food preservation, and the growing demand for refrigerated goods and perishables.

The refrigeration coolers market is driven by the need for better food preservation. The main benefits of refrigeration are that it prevents the growth of bacteria and microorganisms, and it slows down the spoilage of food.

The growing demand for refrigerated goods and perishables is another driver of the refrigeration coolers market. Refrigerated goods, such as meat, dairy products, and seafood, need to be kept at a certain temperature to prevent spoilage.

The increasing demand for energy-efficient and eco-friendly products is another driver of the refrigeration coolers market. Refrigeration coolers that use less energy are more cost-effective and have a smaller carbon footprint.

Restraints & Challenges

Some of the key restraints and challenges faced by the refrigeration coolers market are as follows:

1. High initial investment and maintenance costs: The initial investment and maintenance costs associated with refrigeration coolers are relatively high when compared to other cooling methods. This is a major challenge for small and medium sized businesses who may not have the necessary budget to invest in this type of cooling system.

2. Limited availability of trained personnel: There is a limited availability of trained personnel who are able to properly install and maintain refrigeration coolers. This is a challenge for businesses who do not have the necessary resources to train their own staff.

3. Environmental concerns: The use of refrigeration coolers can have a negative impact on the environment due to the release of greenhouse gases. This is a major challenge for businesses who are looking to adopt more sustainable practices.

Market Segments

The Refrigeration Coolers Market is segmented by component type, refrigerant type, application and region. By component type, the market is divided into evaporators and air coolers, condensers, and others. Based on refrigerant type, it is bifurcated into HFC/HFO, NH3, CO2, glycol and others. On the basis of application, it is classified into commercial and industrial. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Refrigeration Coolers Market includes players such as Johnson Controls International plc, Lu-Ve SPA, Lennox International, Kelvion Holding GmbH, Stefani SpA, Thermokey Spa, Evapco, Inc., Thermofin, Emerson Electric Co, and Modine Manufacturing Co.

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Fire-Resistant Cable Market

Fire-resistant cable is a type of cable that is designed to continue functioning even in the event of a fire. This type of cable is typically used in critical applications where a loss of power could lead to serious consequences, such as in hospitals or industrial facilities. Fire-resistant cable is typically more expensive than regular cable, but the added safety is often worth the extra cost.

Key Trends

The key trends in Fire-Resistant Cable technology are:

Developments in intumescent materials: Intumescent materials are materials that swell up when exposed to heat, forming a protective layer that prevents the spread of fire. This property has made intumescent materials very popular for use in fire-resistant cables.

The use of nanomaterials: Nanomaterials are materials that are very small, typically measuring just a few nanometers in size. Nanomaterials have unique properties that make them very attractive for use in fire-resistant cables. For example, their small size means that they can be used to create a very thin layer of protection around the cable, which can be very effective in preventing the spread of fire.

The development of halogen-free materials: Halogen-free materials are materials that do not contain any halogens, such as chlorine or bromine. Halogen-free materials are very important for the development of fire-resistant cables because they are much less likely to release toxic fumes when they are exposed to fire.

The use of fire-resistant gels: Fire-resistant gels are thick, viscous liquids that can be used to coat the outside of a fire-resistant cable. The gel forms a barrier that prevents the spread of fire and also protects the cable from damage.

Key Drivers

There are several key drivers of the fire-resistant cable market. These include the increasing awareness of fire safety, the stringent fire safety regulations, and the growing construction industry.

The awareness of fire safety has increased in recent years due to the large number of fire incidents that have occurred globally. This has led to the stringent fire safety regulations, which mandate the use of fire-resistant cables in various applications. The construction industry is another key driver of the fire-resistant cable market as these cables are used extensively in this sector.

Restraints & Challenges

The key restraints and challenges in the fire-resistant cable market are the high cost of installation and maintenance, and the lack of awareness among end-users.

Fire-resistant cables are used in critical applications where the safety of people and property is of paramount importance. These cables are designed to maintain their integrity and continue to function in the event of a fire. This makes them an essential part of fire safety systems in buildings and other structures.

However, fire-resistant cables are significantly more expensive than standard cables, and this is a major barrier to their adoption.

In addition, many end-users are not aware of the benefits of fire-resistant cables and are not willing to invest in them.

Market Segments

The Fire-Resistant Cable Market is segmented by  insulation material, end-use industry, and region. On the basis of insulation material, the fire resistance cable market is divided into ethylene propylene rubber-insulated (EPR), low smoke zero halogen (LSZH), polyvinyl chloride (PVC), cross linked poly ethylene (XLPE) and others. On the basis of end-use industry, the market is classified into automotive & transportation, building & construction, energy, manufacturing, and others. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Fire-Resistant Cable Market includes players such as EL Sewedy Electric Company, Furukawa Electric Co., Ltd., Leoni AG, LS Cable & System Limited, Nexans S.A., NKT Group, Prysmian Group, Relemac Technologies Pvt. Ltd, TPC Wire & Cable Corp. and Tratos Limited.

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Military Antennas Market

A military antenna is a specialized antenna designed for use in military applications, such as communications, radar, and navigation. Military antennas are typically made to withstand harsh environments and are often required to operate in multiple frequency bands. There are many different types of military antennas, each with its own unique set of features and benefits. Some of the most common types of military antennas include:

Key Trends

The key trends in military antenna technology are the development of smaller, more compact antennas; the development of more sophisticated and directional antennas; and the development of more powerful and energy-efficient antennas.

Smaller, more compact antennas are being developed to improve the portability of military equipment and reduce the risk of detection. Directional antennas are being developed to improve the accuracy of communications and to reduce interference from other signals.

Key Drivers

The key drivers of the military antenna market are the increasing demand for better communication systems, the need for reliable and secure communications, and the need for lighter and more compact antennas.

Restraints & Challenges

The key restraints and challenges in the Military Antennas market are the high costs associated with the development and deployment of military antennas, the need for skilled personnel to operate and maintain them, and the difficulty in upgrading existing antenna systems to meet changing needs.

Additionally, the military antennas market is subject to government regulation and export controls, which can limit the availability of certain types of antennas and impede their adoption by commercial entities.

Market Segments

The Military Antennas Market is segmented by component, frequency band, end-use and region. By component, the market is divided into reflectors, feed horn, feed networks and low noise block converter. Based on frequency band, it is bifurcated into high frequency (HF), very high frequency (VHF), ultra-high frequency (UHF), super high frequency (SHF) and extremely high frequency (EHF). On the basis of end-use, OEM and aftermarket. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Military Antennas Market includes players such as Raytheon Company, Comrod Communications, Lockheed Martin Corporation, Antenna Products Corporation, MTI Wireless Edge, Harris Corporation, Eylex Pty Ltd., Rohde & Schwarz GmbH, Cojot Oy and Barker & Williamson.

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Crash Barrier Systems Market

A crash barrier system is a safety device installed along the side of a road or highway to protect vehicles from hitting barriers, trees, or other objects. The system consists of a series of posts or poles placed at intervals along the road. Each post is connected to the next by a cable or chain. When a vehicle hits one of the posts, the force of the impact is absorbed by the post and the cable, which prevents the vehicle from veering off the road.

Key Trends

There are several key trends in crash barrier systems technology.

One is the move towards lighter weight materials such as aluminum and composites. This is driven by the need to reduce the overall weight of the vehicle, which improves fuel economy.

Another trend is the use of energy-absorbing materials such as polyurethane foam. These materials help to reduce the force of impact in a collision, which can protect occupants from serious injuries.

Finally, there is a trend towards systems that can be quickly and easily installed. This is driven by the need to reduce traffic congestion and the need for faster repairs after a collision.

Key Drivers

There are a few key drivers for the Crash Barrier Systems market.

The first driver is the increasing number of vehicles on the road. With more vehicles on the road, there is an increased chance of accidents.

The second driver is the increasing number of accidents. With more accidents, there is a greater need for crash barrier systems.

The third driver is the increasing cost of accidents. With the cost of accidents rising, there is a greater need for crash barrier systems.

Restraints & Challenges

The key restraints and challenges in Crash Barrier Systems market are as follows:

1. Lack of awareness among people about the importance of crash barrier systems

2. High cost of crash barrier systems

Market Segments

The Crash Barrier Systems Market is segmented by type, technology, and application. On the basis of type, the market is bifurcated into portable and fixed. Technological segmentation includes rigid, semi-rigid, and flexible crash barrier systems. By application, the crash barrier systems market is divided into roadside, median, bridge and work zone. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Crash Barrier Systems Market includes players such as Arbus Limited, Avon Barrier Corporation Ltd, Barrier Systems, LLC, Hill Smith Holdings PLC, Lindsay Corporation, Nucor Corporation, N.V. Bekaert SA, Transpo Industries, Inc., Trinity Industries, Inc., and Valmont Industries, Inc.

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Micro Injection Molding Machine Market

Micro injection molding is a process in which plastic is injected into a mold at high pressure to create small, intricate parts. This process is ideal for creating parts with tight tolerances and is often used for medical, electronic, and automotive applications.

Key Trends

Micro injection molding machines are becoming increasingly popular as companies look for ways to reduce the cost and complexity of manufacturing. The technology is also becoming more accessible, as the machines are becoming smaller and more affordable.

One of the key trends in micro injection molding machine technology is the development of machines that are able to handle more complex and delicate parts. This is being driven by the increasing demand for higher precision and accuracy in manufacturing.

Another trend is the development of machines that are faster and more energy-efficient. This is being driven by the need to reduce manufacturing costs and improve productivity.

Finally, there is a trend towards the development of machines that are more user-friendly and easier to operate. This is being driven by the need to reduce training time and costs, and to improve the overall efficiency of the manufacturing process.

Key Drivers

The key drivers of the market are the rising demand for miniaturization of products, the increasing demand for electric injection molding machines, and the growing adoption of Industry 4.0 technologies.

Miniaturization of products is one of the key trends in the micro injection molding machine market. This trend is driven by the increasing demand for small and compact products from various end-use industries such as healthcare, electronics, and automotive. The micro injection molding machine is ideal for the manufacturing of small and intricate products.

Electric injection molding machines are gaining popularity in the market due to their energy-efficiency and low noise operation. These machines are also easier to maintain as compared to their hydraulic and pneumatic counterparts.

The growing adoption of Industry 4.0 technologies is another major driver of the micro injection molding machine market. Industry 4.0 technologies such as the Internet of Things (IoT), big data, and artificial intelligence (AI) are helping manufacturers to optimize their production processes and achieve better quality control.

Restraints & Challenges

The key restraints and challenges in the Micro Injection Molding Machine market are the high cost of machines and the lack of skilled operators. The high cost of micro injection molding machines is a major barrier to entry for small and medium-sized businesses.

In addition, the lack of skilled operators is a challenge for businesses that want to adopt this technology. There is a shortage of trained operators who can operate these machines effectively. This is a major challenge for businesses that want to adopt micro injection molding machines.

Market Segmentation

The Micro Injection Molding Machine Market is segmented by material, technology, end-use, and region. By material, the market is bifurcated into metal, plastic and other. By, technology, the market is classified into hydraulic, electric and hybrid. By end-use, the market is divided into automotive, consumer goods, packaging, electronics and others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.

Key Players

The key players in the Micro Injection Molding Machine Market are Arburg GmbH + Co KG, Haitian International Holdings Limited, Milacron, Nissei Plastic Industrial Co., Limited, Engel Austria GmbH, Chen Hsong Holdings Limited, Toyo Machinery & Metal Co., Ltd., Husky Injection Molding Systems Ltd, Japan Steel Works Limited, and KraussMaffei Group.

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Flow Meters Market

Flow meters are devices used to measure the flow rate or quantity of a fluid passing through a pipe. There are many different types of flow meters, each best suited for measuring different fluids under different conditions. Commonly used flow meters include rotameters, orifice meters, positive displacement meters, and turbine meters.

Key Trends

Some of the key trends in flow meters technology include:

1. The development of new and improved flow meter technologies. This includes the development of new sensor technologies, new data acquisition and analysis methods, and new flow meter designs.

2. The increasing use of flow meters in a variety of industries. This includes the oil and gas industry, the water and wastewater industry, the food and beverage industry, and the pharmaceutical industry.

3. The increasing use of flow meters in a variety of applications. This includes the use of flow meters in process control, leak detection, environmental monitoring, and in other applications.

4. The increasing use of wireless technologies in flow meters. This includes the use of wireless technologies for data transmission, remote monitoring, and remote control.

Key Drivers

Some of the key drivers of the flow meters market include the need for accurate measurement of fluids, the increasing demand for energy-efficient solutions, and stringent regulations regarding environmental protection.

The need for accurate measurement of fluids is one of the key drivers of the flow meters market. Flow meters are used in a variety of industries, including oil and gas, water and wastewater, and food and beverage, among others. The accuracy of flow meters is of utmost importance in these industries, as even a small error in measurement can lead to significant losses.

The increasing demand for energy-efficient solutions is another key driver of the flow meters market. Flow meters play an important role in optimizing the flow of fluids, which can help reduce energy consumption. This is especially important in the oil and gas industry, where a large amount of energy is required to pump fluids through pipelines.

The stringent regulations regarding environmental protection are also driving the flow meters market. Flow meters can help industries meet their environmental targets by accurately measuring the flow of fluids and wastage. This is particularly important in the wastewater industry, where accurate measurement of effluent discharge is essential to comply with environmental regulations.

Restraints & Challenges

The Flow Meters market is restrained by the need for accurate and reliable measurements, as well as the need for a wide range of applications. The key challenge for the Flow Meters market is to provide accurate and reliable measurements across a wide range of applications.

Market Segmentation

The global flow meter market is segmented into type, end user, and region. Depending on type, the global market is divided into differential pressure, positive displacement, ultrasonic, and others. By end user, it is classified into water & wastewater, oil & gas, chemicals, and others. Region-wise, the global market is analyzed across North America, Europe, Asia-Pacific, and rest of the world.

Key Players

Some of the major market players operating and profiled in the flow meter market are Honeywell International Inc., Siemens AG, Emerson Electric Company, ABB Ltd, Schneider Electric SE, Yokogawa Electric Corporation, Azbil Corporation, Badger Meter Inc., Hitachi, Ltd., and KROHNE Messtechnik GmbH.

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Unmanned Electronic Warfare Market

Unmanned electronic warfare (UEW) is the use of unmanned systems to conduct electronic warfare (EW) operations. UEW can be used to support a variety of missions, including intelligence, surveillance, and reconnaissance (ISR); air defense; and strike operations. UEW systems can be used to jam enemy radar and communications, disrupt enemy command and control, and deceive enemy sensors. UEW systems can be deployed on land, sea, and air platforms, and can be operated remotely or autonomously.

Key Trends

Some of the key trends in unmanned electronic warfare technology include the development of smaller and more portable devices, the use of more sophisticated algorithms, and the integration of artificial intelligence (AI) and machine learning (ML) technologies.

Smaller and more portable devices are being developed to allow for more covert operations. These devices are often equipped with sensors and cameras to allow for real-time monitoring and analysis of the battlefield.

More sophisticated algorithms are being used to automatically identify and target enemy communications and radar systems. These algorithms can also be used to jam or spoof signals, making it more difficult for the enemy to communicate and coordinate their forces.

AI and ML technologies are being used to increasingly automate the electronic warfare process. These technologies can be used to identify and track targets, select the most effective jamming frequencies, and even initiate attacks without human intervention.

Key Drivers

The key drivers of the Unmanned Electronic Warfare market include the increasing demand for advanced electronic warfare capabilities, the need for improved situational awareness, and the increasing use of unmanned platforms in military and commercial applications.

The increasing demand for advanced electronic warfare capabilities is driven by the need to counter the growing threat of electronic warfare attacks. Electronic warfare attacks can disable or degrade critical military systems, including communications, radar, and navigation systems.

The need for improved situational awareness is driven by the increasing complexity of modern battlefields. Unmanned platforms can provide real-time intelligence and surveillance data, which is essential for planning and executing military operations.

The increasing use of unmanned platforms in military and commercial applications is driven by the need for increased flexibility and efficiency. Unmanned platforms can be used for a variety of tasks, including reconnaissance, surveillance, target acquisition, and strike missions.

Restraints & Challenges

The main restraints and challenges in the Unmanned Electronic Warfare market are the high cost of development and the lack of standardization.

There are also concerns about the potential for misuse of these systems and the impact on international security.

Market Segments

The unmanned electronic warfare market is segmented by platform, capability, and region. By platform, the market is classified into unmanned aerial vehicles, unmanned land vehicles, and unmanned marine vehicles. Based on capability, it is bifurcated into electronic support, electronic protection, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The global unmanned electronic warfare market includes players such as BAE Systems plc, Elbit Systems Ltd, General Dynamics Corporation, Israel Aerospace Industries Ltd, L3Harris Technologies Inc, Leonardo SpA, Lockheed Martin Corporation, Northrop Grumman Corporation, Raytheon Technologies Corporation, SAAB AB, and others.

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Aircraft Braking System Market

The aircraft braking system is a system that is used to slow down or stop an aircraft. There are two types of brakes that are used on aircraft: wheel brakes and drag brakes. Wheel brakes are the most common type of brake used on aircraft. They work by using friction to slow down the wheels of the aircraft. The amount of force that is applied to the brakes can be controlled by the pilot.

Key Trends

The key trends in aircraft braking system technology are lighter weight brakes, more durable brakes, and brakes that can be used on a variety of aircraft.

Lighter-weight brakes are being developed to reduce the weight of the aircraft and improve fuel efficiency.

Durable brakes are being developed to improve the safety of the aircraft and reduce maintenance costs. Brakes that can be used on a variety of aircraft are being developed to improve the flexibility of the aircraft fleet.

Key Drivers

The key drivers of the aircraft braking system market are the growing demand for aircraft retrofitting, and the stringent regulations regarding aircraft safety.

The growing demand for aircraft retrofitting is driven by the need to improve the safety and performance of existing aircraft. According to the Aircraft Fleet Recycling Association (AFRA), there are approximately 11,000 commercial aircraft that will reach the end of their useful life in the next 20 years.

The stringent regulations regarding aircraft safety are driven by the need to reduce the risk of accidents. The International Civil Aviation Organization (ICAO) has set strict safety standards that all aircraft must meet.

Restraints & Challenges

The key restraints and challenges in the aircraft braking system market are the high initial investment and maintenance cost, stringent government regulations, and the need for skilled labor for installation and maintenance.

The high initial investment is due to the high cost of the aircraft braking system components, such as the brakes, discs, and calipers.

The maintenance cost is also high due to the need to regularly inspect and replace the brakes and other components.

Stringent government regulations are in place to ensure the safety of the passengers and crew and to minimize the risk of accidents.

The need for skilled labor for the installation and maintenance of the aircraft braking system is another challenge faced by the market.

Market Segments

The aircraft braking system market is segmented by component, actuation, end-use, and region. By component, the market is classified into wheels, valves, and others. Based on actuation, it is bifurcated into power brake, boosted brake, and independent brake. On the basis of end-use, it is divided into OEM, and aftermarket. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Key Players

The global aircraft braking system market includes players such as AAR Corp, Beringer Aero, Collins Aerospace, Crane Co, Honeywell International Inc., Lufthansa Technik AG, Meggitt PLC, Parker-Hannifin Corporation, Safran, The Carlyle Johnson Machine Company, and others.

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Modular Flooring Market

Modular flooring is a type of flooring that is composed of modular tiles or panels. These tiles or panels can be made of a variety of materials, including wood, carpet, vinyl, and laminate. Modular flooring is a versatile and convenient option for both residential and commercial settings.

Modular flooring is easy to install and can be customized to fit the specific needs of any space. The tiles or panels can be arranged in a variety of patterns and colors, and can be mixed and matched to create unique designs. Modular flooring is also easy to maintain and can be replaced individually if damaged.

Modular flooring is an excellent option for high-traffic areas because it can withstand heavy use and is easy to clean. It is also a good choice for areas that require a durable, slip-resistant surface, such as kitchens and bathrooms.

Key Trends

There are many key trends in modular flooring technology. One is the use of modular flooring in commercial applications. This type of flooring is often used in office buildings, retail stores, and other businesses. It is easy to install and maintain, and it can be used to create a variety of looks.

Another key trend is the use of modular flooring in residential applications. This type of flooring is becoming increasingly popular in homes. It is easy to install and maintain, and it can provide a variety of benefits.

Modular flooring is also becoming more popular in the healthcare industry. This type of flooring is often used in hospitals, nursing homes, and other medical facilities. It is easy to clean and disinfect, and it can resist the growth of bacteria.

Finally, modular flooring is becoming more popular in the education sector. This type of flooring is often used in schools, colleges, and universities. It is easy to install and maintain, and it can provide a variety of benefits.

Key Drivers

The key drivers of the modular flooring market are the increasing demand for durable and sustainable flooring solutions and the growing preference for modular flooring over traditional flooring options.

The modular flooring market is driven by the rising demand for durable and sustainable flooring solutions. The increasing construction activities and the growing popularity of green buildings are the key factors driving the demand for modular flooring. The modular flooring is a sustainable flooring option as it can be reused and recycled. The growing awareness about the environmental benefits of modular flooring is another factor driving the market.

The other key driver of the modular flooring market is the growing preference for modular flooring over traditional flooring options. The modular flooring is easy to install and maintain, and can be easily customized to meet the specific requirements of the customers. The modular flooring is also available in a wide range of designs, colors, and textures, which gives the customers a wide range of options to choose from. The modular flooring is also resistant to stains and scratches, and is easy to clean.

Restraints & Challenges

The key restraints in the Modular Flooring market include the high cost of installation and the lack of awareness among consumers about the product. The challenges include the need to develop more durable and sustainable products and the need to create a more efficient supply chain.

Market Segments

The Modular Flooring Market is segmented on the basis of end user industry, thickness, material type, and region. Based on end user industry, the market is divided into chemical, food and beverages, healthcare, transportation, aviation, and others. On the basis of thickness, it is segmented into light duty, medium duty, and heavy duty. Based on the material type, the market is classified into epoxy, polyaspartic, polyurethane, anhydrite, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Modular Flooring Market report includes players such as BASF SE, Cipy Polyurethanes Pvt. Ltd., Cornerstone Flooring, Don Construction Products Ltd., Fosroc, Inc., MAPEI S.p.A., RPM International Inc., Sika AG, Twintec Group Limited, and VIACOR Polymer GmbH.

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Fire Stopping Materials Market

Fire stopping materials are products that are used to prevent the spread of fire, smoke, and toxic fumes. They are typically installed in openings in walls and ceilings, and around penetrations such as pipes and cables. Fire stopping materials can be made from a variety of materials, including metals, plastics, and ceramics.

Key Trends

There are several key trends in Fire Stopping Materials technology. One is the development of new materials that are more effective at stopping fire. Another is the development of new methods for installing fire stopping materials, such as using adhesive instead of nails or screws. Additionally, there is a trend toward using fire stopping materials that are more environmentally friendly.

Key Drivers

The key drivers of the fire stopping materials market are the growing construction industry, the stringent fire safety regulations, and the increasing awareness about fire safety. The construction industry is growing rapidly in developed as well as developing countries. This is resulting in the increased demand for fire stopping materials. The stringent fire safety regulations are another key driver of the market. These regulations are being implemented by the government in order to ensure the safety of people and properties. The increasing awareness about fire safety is also driving the market. People are becoming more aware of the importance of using fire stopping materials in order to prevent fires.

Restraints & Challenges

The key restraints and challenges in the fire stopping materials market include the stringent government regulations regarding the use of these materials, the high cost of these materials, and the lack of awareness about the benefits of these materials. The government regulations regarding the use of fire stopping materials are designed to protect the public from the dangers posed by these materials. However, these regulations can also make it difficult for companies to sell these materials. The high cost of these materials can also make it difficult for companies to sell them. In addition, the lack of awareness about the benefits of these materials can make it difficult for companies to promote their use.

Market Segments

The Fire Stopping Materials Market is segmented on the basis of type, application, end-user, and region. On the basis of type, the market is segmented into sealants, mortar, boards, and others. The application segmentation includes electrical, mechanical, plumbing, and others. By end-user, the market is segmented into residential, commercial, and industrial. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Fire Stopping Materials Market report includes players such as 3M Company, BASF SE, Etex Group, Hilti Group, Knauf Insulation, Morgan Advanced Materials, RectorSeal Corporation, RPM International, Inc., Sika AG, and Specified Technologies, Inc.

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Polished Concrete Market

Polished concrete is a type of flooring that is created by taking a concrete floor and grinding it down until it is smooth and shiny. The concrete can be left in its natural state or it can be stained to create different colors and patterns. Polished concrete is a popular choice for both commercial and residential applications because it is durable and easy to maintain.

Key Trends

The key trends in polished concrete technology are the move towards more environmentally friendly products and the development of new methods for polishing concrete.

With the move towards more sustainable construction, polished concrete is becoming an increasingly popular choice for flooring. Polished concrete is a low-emitting and recyclable material, making it a more environmentally friendly option than other flooring materials such as carpet or vinyl.

In terms of new methods for polishing concrete, there has been a move towards using diamond-tipped polishing pads. This allows for a much higher level of shine and durability, as well as a faster polishing process. Additionally, new sealants and finishes are being developed that can further protect polished concrete floors from wear and tear.

Key Drivers

There are several key drivers of the polished concrete market. The first is the increasing popularity of concrete as a construction material. This is due to its durability, low maintenance costs, and aesthetic appeal. Additionally, polished concrete is becoming more popular as a flooring material due to its slip-resistant surface and ability to resist staining. Additionally, polished concrete is often used in commercial and industrial applications due to its fire-resistant properties.

Restraints & Challenges

The key restraints and challenges in the Polished Concrete market are the high cost of the materials and the lack of skilled labor. The high cost of the materials is due to the fact that concrete is a natural material and it is not easy to find a source of high-quality concrete. The lack of skilled labor is due to the fact that polished concrete is a new technology and there are not many people who are trained in this technology.

Market Segments

The Polished Concrete Market is segmented on the basis of product, end-use industry, method, and region. On the basis of product, the market is segmented into densifiers and hardeners, sealers and crack fillers and conditioners. The end-use industry includes residential, commercial, industrial and institutional. By method, the market is segmented into dry and wet. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Polished Concrete Market report includes players such as PPG Industries, BASF SE, SIKA AG, UltraTech Cement Limited, Boral Limited, The Sherwin-Williams Company, dmf concrete, Polished Concrete Systems, The Euclid Chemical Company and Vexcon Chemicals Inc.

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Earthen Plasters Market

Earthen plasters are a type of natural, eco-friendly wall finish made from a mixture of clay, sand, water, and often, fiber. They can be applied to both interior and exterior walls and create a beautiful, textured finish.

Key Trends

There are a few key trends in earthen plasters technology that are worth noting.

First, there is a trend toward using more natural and sustainable materials in plaster formulations. This includes materials like clay, sand, straw, and even manure.

Additionally, there is a trend toward using less cement in plaster formulations. This is due to the fact that cement is a major source of greenhouse gas emissions.

Finally, there is a trend toward using more recycled materials in plaster formulations. This includes materials like recycled glass, paper, and plastic.

Key Drivers

The key drivers of Earthen Plasters market are the increased awareness of the benefits of using natural materials, the desire for a more sustainable and eco-friendly product, and the increasing popularity of natural building methods.

Restraints & Challenges

The key restraints and challenges in the earthen plasters market are the lack of awareness about the product and the high cost associated with it.

There is a lack of awareness about the product among consumers, which is a challenge for the market growth. The high cost of the product is another challenge for the market growth.

Market Segments

The Earthen Plasters Market is segmented by type, application and region. By type, the market is divided into iron, calcium, magnesium, silicates and aluminum. Based on application, it is bifurcated into walls, roofs, masonry and agriculture. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The Earthen Plasters Market includes players such as CLAYTEC Baustoffe aus Lehm. American Clay Enterprises, LLC, ClayWorks, Clay.It, Conluto Viefalt Aus Lehm, Earth Plaster Private Limited, JBR Coatings and Insulations, Limestrong Artisan, Mike Wye & Associates Ltd and New Mexico Clay.

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