Manufacturing & Construction

The global Drone Sensor Market was valued at USD 568.2 Million in 2021 and it is anticipated to grow up to USD 4,032.8 Million by 2031, at a CAGR of 21.1% during the forecast period.

The drone is a flying robot or aircraft with onboard sensors, a global positioning system, and software that allows it to be remotely controlled or fly on its own. Unmanned Aerial Vehicles (UAVs) and Unmanned Aircraft Systems are other names for drones (UAS). Previously, Unnamed Aerial Vehicles (UAVs) were only employed for military-related tasks like training for air defense target engagements, information gathering, and, more controversially, as a platform for carrying weapons.

Global Drone Sensor Market Scope and Report Structure

Market Trends and Drivers

The rising adoption rate of several unmanned flight systems i.e. drones, across the world intended for a wide range of commercial applications, is one of the most significant drivers for the development of the global drone sensor market. The increasing demand for commercial applications, such as shipping, precision agriculture, wildlife monitoring, aerial photography as well as videography, and logistics and delivery, is also motivating the sales within the global drone sensor market. Additionally, the constant technological developments that make the components, hardware, and technologies used in drones are also paving the way for the next generation of ultimate drones. The growing demand for effective, high strength, and advanced drones from industrial sector is also pivotal for the further development of the global drone sensor market in coming few years.

Market Restraints and Challenges

Security concerns about the usage of drones may limit the commercial drone market’s expansion. Safety is a fundamental element to prioritize when operating drone technology. UAVs outfitted with high-quality sensors recognize possible collisions and safely engineer their way around them, making them a significant trait. These drone capacities must resemble those of manned aircraft navigators. It is commendable to hire professional drone service providers who can operate an aerial drone without crashing it. Drones operated in heavily-populated regions have an amplified risk of ground impact or damage, mainly due to system malfunction or hacking. Drones also pose a significant danger to aircraft as they can be sucked into the turbines of aircraft if there is a proximity between them, causing significant damage to the propulsion systems. The drones could be hijacked by tampering with the frequency-hopping sensors used in devices that use radio communications. The safety and privacy concerns related to drones are expected to hamper the growth of the market in focus during the forecast period.

Global Drone Sensor Market Segmental Overview

The report analyses the global Drone Sensor Market based on product type, surgery, indication, application and region.

Global Drone Sensor Market by Sensor Type

Based on the sensor type, the Drone Sensor industry is divided into Inertial Sensor, Image Sensor, Speed & Distance Sensor, Position Sensor, Pressure Sensor, Light Sensor, Current Sensor, and Others. Of these, the inertial sensor segment registered significant revenue in 2021 attributed to the Increasing advancement and availability of different types of inertial sensor including accelerometers, gyroscope, magnetometers, and tilt will foster the industry growth in the upcoming year. Inertial sensors are tiny chips that can be integrated into many consumer devices. This reduction in size and weight has been exploited to the full in the aeronautical industry, where sensor manufacturers produce units that can be integrated in UAV flight control systems. This sensor are used for a variety of applications in UAVs and drones. They allow the aircraft to maintain stability and control while experiencing high winds or performing steep turning manoeuvres.

Global Drone Sensor Market by Platform Type

By platform type, the industry is divided into VTOL, Fixed-Wing, and Hybrid. The hybrid segment of the Drone Sensor market is expected to grow at a rapid pace through 2030. This is attributed to the hybrid commercial drones use the advantages of batteries and fuel combined to maximize their power and efficiency. Additionally, these drones fly for a longer duration with higher payloads even in adverse weather conditions. Hybrid platform can carry a variety of payloads that make them suitable for a wide range of long-endurance and heavy-lift applications, such as mapping and surveying, military intelligence, surveillance and reconnaissance (ISR), cargo delivery and precision agriculture. Since the hybrid drone is capable of almost all-terrain movements like flying, perching, driving, climbing, and vertical take-off and landing, its developers have tuned it to perform professional missions for search and rescue, patrolling, monitoring, and industrial intralogistics in various, difficult conditions.

Global Drone Sensor Market by Application

Based on indication, the Drone Sensor industry is categorized into Navigation, Collision Detection & Avoidance, Data Acquisition, Motion Detection, Air Pressure Measurement, and Others. The navigation segment accounted for lucrative market share in 2021. This is owing to the navigation segment was valued at USD 191.8 million in 2021 and it is anticipated to grow further to USD 1,241.4 million by 2031, at a CAGR of 20.0% during the forecast period.

Electronic compasses in drones give inertial navigation and guidance systems crucial directional data. Drone applications benefit from the improved accuracy and response time features of anisotropic magneto resistive (AMR) permalloy technology sensors, which use substantially less power than competing technologies. Manufacturers of drones can get high-quality data sensing from turnkey solutions in a highly durable and small design. Different companies are launching navigation sensors to expand their product portfolio. For instance, in March 2022, Honeywell Unveils MV60, A new precision navigation sensor for aerospace and beyond. Aerospace, industrial, and marine industries can benefit from a rugged, low-cost navigation solution that does not compromise performance.

Global Drone Sensor Market by End-user

Based on the end-user, the industry is categorized into Construction, Media & Entertainment, Precision Agriculture, Personal, Security & Surveillance, Defense, Law Enforcement, Transportation, and Others. The construction segment was valued at USD XX million in 2021 and it is anticipated to grow further till USD XX million by 2031 at a CAGR of XX% during the forecast period. The drone helps in collecting aerial footage of the construction site before, during, and after the project as per requirement and easing tasks. The advantage of using drones over the manual construction method is the fact that is saves time, and effort and reduces the risk involved. Drones are a viable tool that offers benefits ranging from on-site safety to remote monitoring. It provides construction contractors with broad, accurate and detailed aerial information.

Numerous expedited building projects have already received funding. However, other regions with lesser budgets and decreased tax revenues have stopped expenditure and put a stop to construction projects. The long-term challenges for the global construction business will come from poor GDP growth, rising unemployment, and stagnant commercial projects. Construction enterprises experiencing a financial problem would not be able to make an early investment in a drone programme, even if drone operations might ultimately save resources and save money.

Geographical Analysis of Global Drone Sensor Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America Drone Sensor market is poised to witness significant growth rate through 2030. Some of the key factors contributing to the leading position of North America region in the global drone sensor market include rising adoption and skyrocketing demand for efficient drones from the regional military and defence sectors, high rate of new technology integration in commercial products in Canada as well as the United States, and high usage of smart agricultural equipment, which includes precision farming drones. Furthermore, the equipment is being used in multiple applications by the United States’ booming ICT industry. For example, Amazon stated in June 2019 that the company is interested in using drones to deliver packages. The Federal Aviation Administration has also given the company approval for its “prime air delivery” fleet. Due to the significant presence of drone sensor vendors in this region and favorable government regulations, the Asia Pacific drone sensors market growth is expected to accelerate at a substantial CAGR during the forecast period.

Major Players in the Global Drone Sensor Market

The key players in the market Trimble, Bosch Sensortec, TDK InvenSense, Sparton NavEx, Raytheon, AMS AG, Infineon Technologies, PrescisionHawk, Sentera, Inc., and SlantRange., among others.

COVID-19 Impact:

The COVID-19 pandemic outbreak has posed unprecedented challenges to governments and communities around the world. During the early phases of the pandemic, with most countries having imposed strict lockdowns to contain the coronavirus, authorities were looking for rapid and efficient solutions to deliver public goods and services. Drones, or unmanned aerial vehicles (UAVs), emerged as the optimal solution to the growing challenges. In Rwanda, Ghana, and Malawi, for instance, drones were deployed to deliver essential medical supplies to remote villages and towns. Private entities, too, stepped up. In April 2020, CVS and United Parcel Service (UPS) started delivering prescription medications to residents in a retirement community in Florida. Drone sensors are the most critical parts that help operators navigate these machines remotely and with UAVs proving instrumental amid the current crisis, the demand for sensors is likely to spike

Recent Developments:

• In July 2022, Syngenta launched biodiversity sensor project with IIT Ropar
• In June 2022, Collins Aerospace launched the first M-code-compatible navigation system for military ground vehicles available in Europe.
• In March 2022, Honeywell launched Unveils MV60, A new precision navigation sensor for aerospace and beyond.
• In November 2021, AgEagle Announces Launch of MicaSense’s Altum-PT An Optimized 3-in-1 Sensor Integrating Ultra-High Resolution, Panchromatic Imaging and Thermal Imaging to Provide Unlimited Analytical Capabilities at Leaf-Level Resolution.
• In November 2020, the US Department of Defense awarded General Atomic a USD 93.3 million contract to develop drone sensors for the MQ-9 Reaper. Both sides have agreed to work together.

Drone Sensor Market Report Coverage

• The report offers a comprehensive quantitative as well as qualitative analysis of the current global Drone Sensor 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 Drone Sensor 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 Drone Sensor 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 surface disinfectants industry.

Frequently Asked Questions

Q1. How big is the Drone Sensor Market?

Ans. The global Drone Sensor Market was valued at USD 568.2 Million in 2021 and it is anticipated to grow up to USD 4,032.8 Million by 2031, at a CAGR of 21.1% during the forecast period.

Q2. What is the Drone Sensor Market growth rate?

Ans. The growth rate of the Drone Sensor Market is 21.1%.

Q3. Whichregion holds a major market share for the market?

Ans. North America holds a major market share of the Drone Sensor Market in 2021.

Q4. Which segment accounted for the largest Drone Sensor Market share?

Ans. By end-user, defense segment accounted for the largest Drone Sensor Market share.

Q5. Who are the key players in the Drone Sensor Market?

Ans. The global Drone Sensor Market report includes players such as Trimble, Bosch Sensortec, TDK InvenSense, Sparton NavEx, Raytheon, AMS AG, Infineon Technologies, PrescisionHawk, Sentera, Inc., and SlantRange., among others

Q6. What are the factors driving the Drone Sensor Market growth?

Ans. The major factors driving the growth of the market are Rapid technological advancements in drone sensor technique.

Q7. What are the key growth strategies of Drone Sensor Market players?

Ans. The key growth strategies of Drone Sensor Market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Drone Sensor Market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Drone Sensor Market during the forecast period.

The global vacuum bearing market was valued at US$ 9.9 billion in 2021 and it is anticipated to grow up to US$ 19.3 billion by 2031, at a CAGR of 6.7% during the forecast period.

Vacuum bearings are used in extreme conditions such as corrosive, clean, and high-temperature settings. To avoid difficulties, bearing materials and lubricants must be carefully selected. Vacuum bearings are used in a variety of industries, including automobiles, construction, mining gear, wind turbines, aerospace equipment, and machine tools. They are used in automobiles to ensure the smooth operation of cars and electric vehicles, as well as other types of vehicles such as light commercial vehicles and heavy commercial vehicles, such as trucks, lorry, lift trucks, tractors and others.

Global Vacuum Bearing Market Scope and Report Structure

Market Drivers and Trends

The increasing use of bearings is providing new opportunities for vacuum bearing manufacturers. The railway industry places a greater emphasis on lowering costs and extending the life of tracks. Bearings are used in railway gearboxes to absorb the shocks and vibrations induced by the traction motor and wheels driving on rails. As a result, harsh operating conditions increase engine downtime and the need for repair. Technological advancements in bearings have increased their demand in the railway industry. For instance, tapered roller bearings support pinion shafts, which require frequent adjustments and skilled maintenance to reduce maintenance costs. Such a factors will boost the market growth during the forecast period.

Furthermore, increased public awareness and demand for EVs have boosted the usage of bearings in EVs. Bearings are designed to work in low-lubrication environments. A reduced bearing size has increased the overall efficiency of the gearbox, boosting the driving range of EVs. Rolling bearings are frequently utilized in rolling mills that are built to withstand harsh operating conditions. Bearings used in rolling mills may therefore support flaking processes, have a high load capacity, and extend the shelf life of rolling mills.

Market Restraints and Challenges

Raw material price fluctuations coupled with expensive maintenance expenses may hinders the vacuum bearings market expansion. The cost of raw materials remains primary concern for manufacturers. The raw material price of the automotive bearing is unstable as per the economic conditions. Such price volatilities of raw materials is becoming a real deal for companies to remain competitive. Since, high grade steel and alloy steel are the primary raw materials (metals) used for manufacturing bearings, bearing price is highly correlated with the steel price. In addition, bearings need regular maintenance to avoid failures and sustaining lifespans, which further increases maintenance costs.

Global Vacuum Bearing Market Segmental Overview

The report analyses the global vacuum bearing market based on type, application, material, and region.

Global Vacuum Bearing Market by Type

Based on type, it is segmented into cylindrical roller bearings, tapered roller bearings, spherical roller bearings, thrust roller bearings, and needle roller bearings. The cylindrical roller bearings segment is expected to be the largest segment in the vacuum bearing market in 2021. The use of cylindrical roller bearings is increasing in variety of industries, including the automotive industry in some transmission applications and the renewable sector for wind turbines, pumps, and compressors. Heavy duty material handling, heavy equipment and machinery, and industrial applications such as rolling mills are also common.

Global Vacuum Bearing Market by Application

Based on application, the market is segmented into automotive, manufacturing & construction, energy & power, mining, and aerospace & defense. Due to the rising fleet of commercial and combat aircraft to drive the aerospace bearings and the defence sector’s steady expansion, increasing the delivery of military aircrafts, vacuum bearings application is developing significantly in the aerospace & defence segment. Furthermore, increased passenger travel has raised demand for new aircraft for both long-haul and short-haul flights. This segment will benefit throughout the projection period.

Global Vacuum Bearing Market by Material

Based on material, the vacuum bearing market is segmented into silicon, stainless steel, hybrid, and others. Among these aluminum alloy bearings are in high demand due to their wide range of applications, including steel-backed and solid aluminum bearings. These bearings are used in internal combustion engines and industrial compressors as connecting rods and main bearings. Other heavy tooling uses for aluminum bearings include boring mills, presses, lathes, milling machines, grinding mills, and hydraulic pump bushings.

Geographical Analysis of Global Vacuum Bearing Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific vacuum bearing market is expanding due to expanding of construction industry in this region. Increased expenditure on affordable home development is predicted to stimulate the construction sector. Several governments, like those in Indonesia and India, are actively giving subsidies for land and construction expenditure. For instance In India, the government launched the Housing for All initiative in 2022, which is predicted to expand the country’s low-cost residential building sector during the period. Furthermore, the Indian government has agreed to grant interest subsidies of 3% and 4% for loans up to US$ 18,000 and US$ 13,500 to the poorer areas of the society for the purchase and construction of homes under the Pradhan Mantri Awas Yojana.

Major Players in the Global Vacuum Bearing Market

The key players studied in the global vacuum bearing market are HepcoMotion (UK), NSK Ltd. (Japan), The Timken Company (US), Bunting Bearings, LLC (US), TPA Motion, LLC (US), GMN Paul Müller Industrie GmbH & Co. KG (Germany), Unasis (England), SKF (Sweden), Schaeffler Technologies AG & Co. KG (Germany), and JTEKT Europe Bearings B.V. (Netherlands).

COVID-19 Impact

According to the vacuum bearing market study, Europe grew in 2019 due to higher vehicle registrations. According to a research issued in May 2020 by the European Automobile Manufacturers Association, new passenger car registrations in the European Union grew by 1.2% in 2019 compared to 2018. According to the ACEA data, new van registrations hit 2.1 million units in 2019, representing a 2.8% year-on-year rise.

In 2020, there was a decline in the automotive industry impacted market growth in Europe due to decreasing manufacturing of automotive components. According to the December 2020 ACEA report, European automobile sales plummeted 20.5% year on year to 713,346 units. Vehicle sales in several major nations have fallen. Vehicle sales fell by a quarter in Italy and Poland, and by 12.3% and 17.1% in Spain and Belgium, respectively.

However, the market remained optimistic in 2021 due to rising automobile demand. According to ET Auto.com, in 2021, 1.65 million new automobiles has been registered in the UK, a 1.0% increase over 2020. As a result, the COVID-19 epidemic will have a favorable influence on the vacuum bearing market.

Recent Developments

• April 2022, Schaeffler announced a 12-year agreement with Rolls Royce. Schaeffler is providing assistance for Rolls-Royce via utilizing cutting-edge production technologies and manufacturing resources. The primary purpose of the contract is to design and manufacture engine rolling bearing systems for the wide body and business jet markets. Rolls-Royce and Schaeffler have been working together for almost 40 years.
• January 2022, Hepcomotion announced the opening of a new Stockholding Factory in the Netherlands. This new factory is a substantial investment for HepcoMotion, and it will help to accelerate and simplify product distribution to European customers. The new building has already been inaugurated in January and take over the import of all goods produced by HepcoMotion in the UK for distribution throughout Europe.

Frequently Asked Questions

Q1. How big is the Vacuum Bearing Market?

Ans. The global Vacuum Bearing Market size was US$ 9.9 billion in 2021 and is anticipated to reach US$ 19.3 billion in 2031, growing at a rate of 6.7% from 2022 to 2031.

Q2. What is the Vacuum Bearing Market growth rate?

Ans. The growth rate of the Vacuum Bearing Market is 6.7% from 2022 to 2031.

Q3. Which region holds a major market share for the Vacuum Bearing Market?

Ans. Asia Pacific holds a major market share of the Vacuum Bearing Market in 2021.

Q4. Which segment accounted for the largest Vacuum Bearing Market share?

Ans. Based on type, it is segmented into cylindrical roller bearings, tapered roller bearings, spherical roller bearings, thrust roller bearings, and needle roller bearings. The cylindrical roller bearings segment is expected to be the largest segment in the Vacuum Bearing Market in 2021.

Q5. Who are the key players in the Vacuum Bearing Market?

Ans. The global Vacuum Bearing Market report includes players such as HepcoMotion (UK), NSK Ltd. (Japan), The Timken Company (US), Bunting Bearings, LLC (US), TPA Motion, LLC (US), GMN Paul Müller Industrie GmbH & Co. KG (Germany), Unasis (England), SKF (Sweden), Schaeffler Technologies AG & Co. KG (Germany), JTEKT Europe Bearings B.V. (Netherlands)

Q6. What are the factors driving the Vacuum Bearing Market growth?

Ans. The major factor driving the growth of the market is the rising bearing application and increased public awareness and demand for EVs.

Q7. What are the key growth strategies of Vacuum Bearing Market players?

Ans. The key growth strategies of Vacuum Bearing Market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the Vacuum Bearing Market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the Vacuum Bearing Market during the forecast period.

The global wind tunnel market was valued at US$ 2.7 billion in 2021 and it is anticipated to grow up to US$ 4.2 billion by 2031, at a CAGR of 4.6% during the forecast period.

Wind tunnels are enormous air-filled tubes that are used to simulate the interaction of air with an object flying through the air or moving along the ground. Wind tunnels are used by researchers to understand more about how an aircraft will fly. Wind tunnels are used by NASA to test scale models of aircraft and spacecraft. Some wind tunnels are large enough to house full-scale vehicle replicas. The wind tunnel moves air around an object to make it appear to be flying. Wind tunnels evolved alongside the development of the airplane. During WWII, large wind tunnels were constructed. During the Cold War, wind tunnel testing was regarded as critical to the development of supersonic aircraft and weapons.

Global Wind Tunnel Market Scope and Report Structure

Market Drivers and Trends

Rising demand for wind tunnels in aerospace and military is projected to have a long-term impact on the industry. As these aircrafts are typically bare in severe weather, wind tunnels are frequently utilized for testing aircraft in the aerospace and defense application market. This, in turn, is predicted to increase the growth of the wind tunnel market between 2022 and 2031.

Furthermore, rising demand for unmanned aerial vehicles (UAVs) from the military and commercial sectors, as well as the construction of next generation high-speed aircraft, missiles, and railways, are likely to drive the global wind tunnel market forward.

Market Restraints and Challenges

One of the negative elements limiting market growth is the high cost of wind tunnel installation and maintenance. Another hurdle that could stymie the global wind tunnel market’s growth is the usage of computational fluid dynamics (CFD) testing as a replacement for wind tunnel testing which is cheaper and quicker. While CFD may resolve turbulence, it does so in an abstract manner, whereas wind tunnels can directly resolve unstable gusts and eddies. As a result, CFD study often focuses on average hourly or 10-minute wind speeds rather than peak gust circumstances. These are the key restraints for the wind tunnel market.

Global Wind Tunnel Market Segmental Overview

The report analyses the global wind tunnel market based on alignment, airspeed type, application, and region.

Global Wind Tunnel Market by Alignment

Based on alignment, the wind tunnel market is bifurcated into horizontal and vertical. The horizontal segment led the market in 2021 and is expected to continue to dominate over the forecast period. Horizontal wind tunnels include aeroacoustics, aerodynamic, and climatic wind tunnels used in a variety of industries including aerospace and defense, racing championships, transportation, and building construction and wind energy. These products comprises of larger share in terms of revenue and quantity. So, it can be said that horizontal segment is going to dominate the market during the forecast period.

Global Wind Tunnel Market by Airspeed Type

Based on airspeed type, the wind tunnel market is segmented into supersonic, subsonic, transonic, and hypersonic. The subsonic segment maintained its dominance in 2021 and is likely to continue to lead the market during the forecast period. The demand for commercial airplane and automotive testing services is driving this industry. Subsonic wind tunnels are also used for aerodynamic testing in racing championships. The reason for this is that they reduce velocity while increasing pressure, which is required for usage in heavy equipment and applications.

Global Wind Tunnel Market by Application

Based on application, the wind tunnel market is segmented into aerospace & defense, adventure sports, automotive and transportation. Aerospace and Defense application segment dominated the market in 2021, and this trend is projected to continue over the forecast period. The increased use of wind tunnels for testing aircraft used for aerospace and defense applications, as these aircraft are often subject to extreme environmental conditions, can be attributed to the segment’s expansion.

Geographical Analysis of Global Wind Tunnel Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific led the global market in 2021 and is expected to do so throughout the projected period. Countries such as China, India, Japan, South Korea, Taiwan, and Australia are the region’s growth engines, investing heavily in indigenous development projects to engineer various sorts of new and novel aircraft for commercial and defense applications, as well as the improvement of electric automobile vehicles. China has significantly increased its spending on the development of new and innovative systems for the aerospace and defense industries, as well as the automotive industry. This, in turn, is expected to fuel the region’s expanding demand for wind tunnels and wind tunnel testing services. Furthermore, countries such as Japan, India, and South Korea are investing considerably in the development of rail, automotive, and maritime infrastructure, all of which are in high demand for wind tunnel testing applications.

Major Players in the Global Wind Tunnel Market

The key players studied in the global wind tunnel market are as Aerolab (U.S.), Aiolos (Canada), Boeing(U.S.), ETW GmbH(Germany), Horiba Ltd(Japan), Lockheed Martin Corporation(U.S.), Mahle GmbH(Germany), Mitsubishi Heavy Industries, Ltd(Japan), Rail Tec Arsenal(Europe), and RUAG(Switzerland).

COVID-19 Impact

The COVID-19 pandemic had halted manufacturing of a variety of items in the wind tunnel business, owing mostly to the protracted lockdown in key global countries. This has slowed the growth of the wind tunnel market dramatically in recent months, and it is expected to continue in 2020. The Wind COVID-19 has already had an impact on equipment and machinery sales in the first quarter of 2020, and it is expected to have a negative influence on market growth throughout the year. The significant demand for equipment and machinery has previously been observed from huge industrial countries such as the United States, Germany, Italy, the United Kingdom, and China, which has been severely impacted by the spread of coronavirus, consequently halting demand for equipment and machinery.

However, once the situation has normalized, the global wind tunnel market is predicted to increase significantly.

Recent Developments

• September 2022, Mahle has launched a large-scale, global solar programme to provide energy from its own production to its locations.
• March 2021, RUAG created and tested wind tunnel models to simulate new turbofan and propeller technologies. This effort contributes to a greener future for the aviation sector.
• March 2021, Rail Tec Arsenal intended to expand its Climatic Wind Tunnel Vienna tests. Workarounds and increased space needs for such testing are always increasing.

Frequently Asked Questions

Q1. How big is the Wind Tunnel market?

Ans. The global Wind Tunnel market size was US$ 2.7 billion in 2021 and is anticipated to reach US$ 4.2 billion in 2031, growing at a rate of 4.6% from 2022 to 2031.

Q2. What is the Wind Tunnel market growth rate?

Ans. The growth rate of the Wind Tunnel market is 4.6% from 2022 to 2031.

Q3. Which region holds a major market share for the Wind Tunnel market?

Ans. Asia Pacific holds a major market share of the Wind Tunnel market in 2021.

Q4. Which segment accounted for the largest Wind Tunnel market share?

Ans. Based on alignment, the wind tunnel market is bifurcated into horizontal and vertical. The horizontal segment led the market in 2021 and is expected to continue to dominate over the forecast period.

Q5. Who are the key players in the Wind Tunnel market?

Ans. The global Wind Tunnel market report includes players such as Aerolab (U.S.), Aiolos (Canada), Boeing(U.S.), ETW GmbH(Germany), Horiba Ltd(Japan), Lockheed Martin Corporation(U.S.), Mahle GmbH(Germany), Mitsubishi Heavy Industries, Ltd(Japan), Rail Tec Arsenal(Europe), and RUAG(Switzerland).

Q6. What are the factors driving the Wind Tunnel market growth?

Ans. Rising demand for wind tunnels in aerospace and military is projected to have a long-term impact on the industry.

Q7. What are the key growth strategies of Wind Tunnel market players?

Ans. The key growth strategies of Wind Tunnel market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the Wind Tunnel market during the forecast period?

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

The global fire hydrant market was valued at US$ 1.1 billion in 2021 and it is anticipated to grow up to US$ 1.8 billion by 2031, at a CAGR of 4.5% during the forecast period.

Hydrants are water extraction devices used in pipelines and water distribution systems. A fire hydrant can ensure quick water supply in the event of a fire. The connections to the pipes are tapped with hydrant wrenches and hydrant standpipes, and the fire vehicles are then attached. The tops of hydrants are coloured to signify the amount of flow they can produce in gallons per minute (gallon per minute). Over 1,500 gallons per minute in blue (gallon per minute), 1000 to 1,499 gallon per minute in green, 500 to 999 gallon per minute in orange, red indicates that the flow rate is less than 500 gallon per minute.

Global Fire Hydrant Market Scope and Report Structure

Market Drivers and Trends

The global market for fire hydrant systems is developing as a result of rising service requirements from industrial and commercial clients. Governments around the world have chosen to enforce severe fire safety standards, resulting in an increase in demand for fire hydrant systems.

The global market for fire hydrant systems is predicted to grow at a reasonable rate in the future years. The deployment of smart nodes or wireless sensors is the key trend in the fire hydrant systems industry. The latest market trend is to use less water more efficiently. Wireless sensors, also known as smart nodes, are used in fire hydrant systems to attain such efficiency since maintenance is less expensive and the action is lightning fast.

Market Restraints and Challenges

The market for fire hydrant systems is quite large, but there are some limitations that must be overcome. The cost of installation and maintenance is the most significant barrier, followed by the need for testing and certifications. Fire prevention technologies that are more efficient and cost-effective are required. Exams and certifications, on the other hand, are unavoidable.

Global Fire Hydrant Market Segmental Overview

The report analyses the global fire hydrant Market based on product type, operating type, construction, end-user, and region.

Global Fire Hydrant Market by Product Type

Based on product type, it is bifurcated into dry barrel and wet barrel. The dry barrel category is anticipated to hold a considerable part of the fire hydrant industry based on product type. This can be due to the greater use of dry barrel fire hydrants in colder climate locations. Dry barrel hydrants are intended for use in colder climates since the barrels above ground keep dry and the water main is positioned below ground, preventing it from freezing. Furthermore, as fire hydrant systems evolve around the world, manufacturers are merging both the wet and dry barrel qualities to create a hybrid fire hydrant, such as wet-top dry barrel hydrants, that can work in a variety of conditions. This is projected to help the industry even more during the forecast period.

Global Fire Hydrant Market by Operating Type

Based on operating type, the market is bifurcated into conventional and smart. Because of its superior features, Smart Fire Hydrant accounted for the majority of the market share. Intelligent fire hydrants offer significant opportunities for facility management service companies. Sensors or artificial intelligence can be used to control these hydrants (AI). Key players are utilizing IoT technology to detect fires through the usage of sensors. This accounts for larger market growth throughout the forecast period.

Global Fire Hydrant Market by Construction

Based on construction, the fire hydrant market is bifurcated into underground and above ground. The above ground segment is expected to grow during the forecast period, as the underground fire hydrants cause too many complications. Hooking up is more difficult, hoses kink, and you have to get down on the ground to work with them.  Snakes, black widows, and other insects are getting into them. Snakes, black widows, and other insects will get into them. But above-ground hydrants may be reached and hooked up in under a minute using a five-inch hose. Drop the cap, flush the hydrant, turn it off, connect the hose, and turn it back on when the engine says so and also making the hydrant adapt to smart environment is highly possible in above ground segment. Using it is simple and quick. Due to the reason the above ground segment is expected to grow during the forecast period.

Global Fire Hydrant Market by End-User

Based on end-user, the fire hydrant market is bifurcated into commercial and industrial. The industrial segment is likely to dominate the market during the forecast period. All industries and business entities are obligated to have safety measures on their premises. The increased development of industrial buildings is the primary driver of the fire hydrant market’s expansion.

As the population grows, so does the demand for hospitals, and industries such as oil, gas, and other manufacturing businesses that use volatile substances such as crude oil, flammable gases, and petroleum necessitate the use of fire hydrants due to the increased risk of fire accidents. In addition, rising urbanization, industrialization, and increased awareness of asset safety are driving up demand for fire hydrant resources.

Geographical Analysis of Global Fire Hydrant Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific segment is likely to dominate the market in terms of market share in 2021. With the growing population of APAC nations, an increasing number of factories, hospitals, commercial complexes, and residential constructions are projected to be built during the next few years. This clearly reflects the region’s high demand for fire hydrant systems.

Furthermore, the market in Asia Pacific is expected to expand at a significant rate during the forecast period due to the adoption of higher safety practices, an increase in commercial places such as shopping malls and offices, and large piping systems covering longer distances in countries such as China, India, Japan, and other Southeast Asian countries.

Major Players in the Global Fire Hydrant Market

The key players studied in the global fire hydrant market are American Cast Iron Company(U.S.), AVK International A/S(Denmark), Bocciolone Antincendio(Italy), Ej Group, Inc.(U.S.), Imp Armature d.o.o(Solvenia), Kupferle Foundry Company(U.S.), Mueller Co. LLC(U.S.), M&H Valve Company(U.S.), Newage Fire Protection Services Pvt, Ltd.(India), and Rapidrop Global Ltd.(UK).

COVID-19 Impact

COVID-19 had a large and beneficial influence on the market. The increasing number of patients infected with COVID-19 and the increasing rate of hospitalization during this period increased demand for medicinal devices that prevent infection spread.

Since March 2020, the COVID-19 virus outbreak has been hitting every business worldwide. The ever-increasing number of virus-infected patients has prompted governments to impose restrictions on the movement of people and products. To stop the spread of the virus, the manufacturing and construction industries, academic institutions, shopping malls, and office buildings have all been temporarily shut down. Furthermore, due to a lack of raw materials and labour during the lockdown, the affected fire hydrant production activities have come to a standstill. As a result, the global market has been affected for several months by a halt in construction operations and lockdowns, and a delayed recovery is projected over the forecast period.

Recent Developments

• June 2021, Mueller Water Products has completed the acquisition of i2O Water, a pressure control solution provider. This acquisition would assist the corporation in expanding its software offerings.
• March 2021, McWane purchased Waterman, a well-known reader in water control products for wastewater, water treatment, hydro-power, agricultural, rural water distribution, and flood control management.
• February 2019, AVK purchased a 60% share in AC.MO, a firm that designs and manufactures hydraulic water distribution systems. Under this acquisition, the current owners of AC.MA would be the company’s management and stakeholders.

Frequently Asked Questions

Q1. How big is the Fire Hydrant Market?

Ans. The global Fire Hydrant Market size was US$ 1.1 billion in 2021 and is anticipated to reach US$ 1.8 billion in 2031, growing at a rate of 4.5% from 2022 to 2031.

Q2. What is the Fire Hydrant Market growth rate?

Ans. The growth rate of the Fire Hydrant Market is 4.5% from 2022 to 2031.

Q3. Which region holds a major market share for the Fire Hydrant Market?

Ans. Asia-Pacific holds a major market share of the Fire Hydrant Market in 2021.

Q4. Which segment accounted for the largest Fire Hydrant Market share?

Ans. Based on product type, it is bifurcated into dry barrel and wet barrel. The Dry Barrel segment is expected to be the largest segment in the Fire Hydrant Market in 2021.

Q5. Who are the key players in the Fire Hydrant Market?

Ans. The global Fire Hydrant Market report includes players such as American Cast Iron Company(U.S.), AVK International A/S(Denmark), Bocciolone Antincendio(Italy), Ej Group, Inc.(U.S.), Imp Armature d.o.o(Solvenia), Kupferle Foundry Company(U.S.), Mueller Co. LLC(U.S.), M&H Valve Company(U.S.), Newage Fire Protection Services Pvt, Ltd.(India), Rapidrop Global Ltd.(UK).

Q6. What are the factors driving the Fire Hydrant Market growth?

Ans. The global market for fire hydrant systems is developing as a result of rising service requirements from industrial and commercial clients.

Q7. What are the key growth strategies of Fire Hydrant Market players?

Ans. The key growth strategies of Fire Hydrant Market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the Fire Hydrant Market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the Fire Hydrant Market during the forecast period.

The global drip irrigation market was valued at US$ 9.2 billion in 2021 and it is anticipated to grow up to US$ 34.7 billion by 2031, at a CAGR of 14.2% during the forecast period.

Drip irrigation, often known as trickle irrigation, is a form of micro-irrigation system that allows water to drip slowly to plant roots, either above the soil surface or buried below the soil surface. The idea is to distribute water into the root zone while minimizing evaporation. Drip irrigation systems use a network of valves, pipes, tubing, and emitters to transfer water. A drip irrigation system may be more efficient than other types of irrigation systems, such as surface irrigation or sprinkler irrigation, depending on how effectively it is designed, installed, maintained, and operated.

Global Drip Irrigation Market Scope and Report Structure

Market Drivers and Trends

The less usage of labor is the key driver of the market. As technology has improved, agriculture’s labor force has become less necessary. The labor cost to operate a drip irrigation system is considered moderate, depending on the degree of automation. This type of irrigation has been used in landscapes, greenhouses, home gardens, field crops, orchards, and vineyards. Fertilizer can also be applied using drip irrigation, a process known as fertigation. Fertigation is the practice of applying nutrients and water at the root zone to promote crop absorption. Water and fertilizer application uniformity has the ability to boost production by 25% to 50%. Fertilizer usage efficiency with fertigation is 80%-90%, allowing 25% of the nutrients to be retained.

Market Restraints and Challenges

The maintenance cost is the major restraint to the market. The drip irrigation system requires continual pressure to maintain a consistent flow of water. The continual flow of water through lateral pipes may cause algae to grow, blocking emitters. Furthermore, the cost of replacing drip irrigation systems is high. Additionally, these systems are difficult to maintain because they require weekly chlorination, which adds to the cost. The maintenance cost is the major restraint to the market.

Global Drip Irrigation Market Segmental Overview

The report analyses the global drip irrigation market based on component, emitter type, application, and region.

Global Drip Irrigation Market by Component

Based on component, the drip irrigation market is segmented as emitters, drip tubes, filters, valves, pressure pumps, and others. Drip tubes segment is expected to lead the market during forecast period. Drip tubes are becoming in popularity due to its modern, renewable raw materials and ease of installation. The drip tube is a crucial component of drip irrigation. Furthermore, during the last decade, there has been an increase in the use of drop tapes constructed from recycled materials in various countries. Increased government support and expanding volumes of field crops are also predicted to contribute in the global expansion of drip tubes.

Global Drip Irrigation Market by Emitter Type

Based on emitter type, the drip irrigation market is bifurcated into inline and online. The online segment is expected to be the largest segment in the drip irrigation market in 2021. Online emitters are little plastic devices that release small streams of water that flow via polyethylene (PE) tubes over the soil. Emitters are installed on the laterals of online drip irrigation systems. They are primarily utilized in horticulture crops such as mango, cashew nut, areca nut, sweet orange, sapota, and others. Because online emitters save up to 70% of water, undulating ground can be cultivated. Online emitters provide the distinct advantage of allowing farmers to plant emitters in locations next to crops. Furthermore, the high adoption rates in Asia Pacific are mostly driven by small farms, which see online emitters as more cost-effective in terms of installation at required places in the laterals when compared to smaller fields.

Global Drip Irrigation Market by Application

Based on application, the drip irrigation market is segmented into agriculture, green house, and others. The agriculture segment is expected to be largest segment in 2021. The reason is straightforward. Drip irrigation not only provides a higher return than other irrigation technologies, but it also provides farmers with an effective and simple approach to operate their farms. Drip irrigation irrigates the land consistently in any topography and soil type and 100% of the land is utilized, drip irrigation works on low pressure, efficient use of fertilizer and crop protection, with no leaching. This is the reason farmers are showing interest to adapt to drip irrigation and thus it will lead the market during the forecast period.

Geographical Analysis of Global Drip Irrigation Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific led the global market in 2021 and is expected to do so throughout the projected period. Increasing technological advancements, together with rising micro-irrigation use in emerging nations such as China and India, are likely to drive market demand over the projection period.

Furthermore, the government is making more efforts to foster such systems, such as through subsidies, foreign investments, and low interest rates. For example, in August 2020, Netafim, an Israeli precision technology supplier, announced a USD 85 million agreement to provide modern irrigation to 35,000 Indian farmers. This, in turn, boosts the demand for drip irrigation in the Asia Pacific region.

Major Players in the Global Drip Irrigation Market

The key players studied in the global drip irrigation market are as Hunter Industries(U.S.), Irritec S.P.A (Italy), Lindsay Corporation(U.S.), Netafim(Israel), Rain Bird Corporation(U.S.), The Toro Company (U.S.), Chinadrip Irrigation Equipment Co., Ltd.(China), Microjet(South Africa), Rivulis(Israel), and Jain Irrigation Systems Ltd.(India).

COVID-19 Impact

In 2022, The COVID-19 pandemic had slightly negative impact on drip irrigation market. Despite difficult circumstances such as fiscal constraints, supply chain disruptions, and labor shortages, drip irrigation enterprises continued to operate. Irrigation is the primary focus for countries concerned about food security, productivity, employment, and climate resilience. Even it was tough time and finding labor was hard, but it’s an important situation to keep the chains up and running. Along with that due to rise in concerns about food habits, people showed interest towards cultivated foods to stay healthy. Due to high demand and low supply, the prices of cultivated fruits and vegetables increased and created a disruption in regular chain.

However, once the situation has normalized, the global drip irrigation market is predicted to increase significantly.

Recent Developments

• June 2022, Netafim revealed the findings of a Life Cycle Analysis (LCA) study demonstrating that drip irrigation produces the least environmental effect and optimal land use when compared to flood and sprinkler irrigation technologies.
• April 2022, Hunter partnered with POGO, a turfgrass technology solutions provider, in order to increase their production capabilities.
• March 2022, Irritec planned to open a new branch in Peru to support local agriculture and promote drip irrigation and fertigation systems.

Frequently Asked Questions

Q1. How big is the Drip Irrigation market?

Ans. The global Drip Irrigation market size was US$ 9.2 billion in 2021 and is anticipated to reach US$ 34.7 billion in 2031, growing at a rate of 14.2% from 2022 to 2031.

Q2. What is the Drip Irrigation market growth rate?

Ans. The growth rate of the Drip Irrigation market is 14.2% from 2022 to 2031.

Q3. Which region holds a major market share for the Drip Irrigation market?

Ans. Asia Pacific holds a major market share of the Drip Irrigation market in 2021.

Q4. Which segment accounted for the largest Drip Irrigation market share?

Ans. Based on application, the drip irrigation market is segmented into agriculture, green house, and others. The agriculture segment is expected to be largest segment in 2021.

Q5. Who are the key players in the Drip Irrigation market?

Ans. The global Drip Irrigation market report includes players such as Hunter Industries(U.S.), Irritec S.P.A (Italy), Lindsay Corporation(U.S.), Netafim(Israel), Rain Bird Corporation(U.S.), The Toro Company (U.S.), Chinadrip Irrigation Equipment Co., Ltd.(China), Microjet(South Africa), Rivulis(Israel), and Jain Irrigation Systems Ltd.(India).

Q6. What are the factors driving the Drip Irrigation market growth?

Ans. The major factor driving the growth of the market is the rise in high demand of labor less practices in agriculture sector.

Q7. What are the key growth strategies of Drip Irrigation market players?

Ans. The key growth strategies of Drip Irrigation market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the Drip Irrigation market during the forecast period?

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

The global industrial floor scrubbers market was valued at US$ 3.5 billion in 2021 and it is anticipated to grow up to US$ 9.0 billion by 2031, at a CAGR of 10% during the forecast period.

A floor scrubber is a device for cleaning the floor. It can be as simple as a floor mop or brush, or as complex as a walk-behind or ride-on machine that cleans bigger areas by injecting water with cleaning solution, scrubbing, and removing the residue off the floor. Because of improvements in robotics, autonomous floor-scrubbing robots are now available.

In schools, hospitals, businesses, and public buildings, larger powered floor buffers are used. These have wheels and are propelled, allowing the user to easily move and clean items that have become trapped on the floor. Smaller versions are available for home usage and are frequently advertised as hard floor cleaners.

Global Industrial Floor Scrubbers Market Scope and Report Structure

Market Drivers and Trends

Rapid expansion in transportation, healthcare, and pharmaceutical are projected to drive the growth of the industrial floor scrubbers market over the forecast period. Furthermore, the rise in safety-enabled productivity in industries is expected to boost the industrial floor scrubbers market forward. Furthermore, the growing acceptance of sustainable and eco-friendly cleaning methods by enterprises is expected to support the growth of the industrial floor scrubbers market. However, the availability of big national and international key players is expected to restrict the growth of the industrial floor scrubbers market throughout the forecast period. Furthermore, technical advancements in the product and the integration of automation will create further chances for the growth of the industrial floor scrubbers market in the future years.

Market Restraints and Challenges

The price of a floor cleaner is a key Restraint in market expansion. The rapid adoption of battery-powered floor scrubbers has also become one of the market’s constraints. This can be attributed to the widespread use of lead-acid battery-powered floor scrubbers, which require periodic maintenance for long-term operation.

Furthermore, considering the floor size and additional maintenance costs involved with the purchase, the total cost of ownership of floor scrubbers tends to be greater. A floor scrubber has complicated features and parts, such as various power sources, attachments, and warranty packages, which are costly to maintain on an annual basis. Due to such high initial and ongoing costs, the market is projected to suffer during the forecast period.

Global Industrial Floor Scrubbers Market Segmental Overview

The report analyses the global Industrial Floor Scrubbers market based on product, end-user, and region.

Global Industrial Floor Scrubbers Market by Product

Based on product, it is segmented into walk behind scrubbers, ride-on scrubbers, and robotic scrubbers. In 2021, the walk-behind scrubbers sector had the highest revenue share. Walk-behind scrubbers are lightweight and useful in commercial settings that lack an elevator. These products minimize total cleaning costs, which is the primary driver of segment growth.

During the projected period, the robotic scrubbers sector is expected to grow at the quickest CAGR. This increase is related to the rising demand for self-cleaning technology as a result of the COVID-19 pandemic. Various industrial and commercial facilities are experiencing a labor shortage as a result of workplace rules. Furthermore, the growing requirement for frequent cleaning has resulted in an increase in demand for robotic scrubbers.

Global Industrial Floor Scrubbers Market by End-User

Based on end-user, the market is segmented into healthcare, government, hospitality, manufacturing, retail, and others. The healthcare industry is expected to grow the fastest during the projection period. This expansion is linked to greater hygiene awareness as well as increased demand for contact-free cleaning. The number of daily visitors in healthcare institutions is large, making it difficult to keep the floor free of bacteria and grime. Furthermore, regulatory bodies have established cleaning criteria for healthcare institutions in order to preserve hygiene at their various facilities.

Geographical Analysis of Global Industrial Floor Scrubbers Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific is expected to hold the majority of the market share in 2021. During the projection period, Asia Pacific is expected to grow rapidly. This is due to the rising industrialization of developing countries like China and India. China is regarded as the industrial powerhouse, whereas India’s manufacturing industry is expanding as a result of the “Make in India” push. According to the India Brand Equity Foundation (IBEF), India’s manufacturing sector is predicted to exceed USD 1 trillion by 2025, with corporations such as Vivo Mobile Communication Co., Ltd. and Morris Garages investing heavily in Indian manufacturing. The number of manufacturing facilities is predicted to grow, resulting in increased demand for floor scrubbers.

Major Players in the Global Industrial Floor Scrubbers Market

The key players studied in the global industrial floor scrubbers market are such as Amano Corporation(Japan), Comac Spa(Italy), Conuest Euipment Pty Ltd.(Austrilia), Fimap S.P.A. (Italy), Hafi- Elektra Pvt Ltd.(India), Hako GmbH(Germany), Nilfisk Group(Denmark), Polivac International Pty Ltd(Australia), Roots Multiclean Ltd(India) and Tennant Company(U.S.).

COVID-19 Impact

The APAC area is heavily affected by COVID-19 due to a large number of cases in South Korea; the country also has the world’s second biggest population, providing a bigger risk for a large number of people; and it is a world leader of many worldwide businesses. According to the Organization for Economic Cooperation and Development (OECD), the epidemic has also affected other significant economies outside of South Korea, including the big South Korea, South Korea, and South Korea, all of which are seeing lower inflation. The existing unutilized production capacity scenario, together with the COVID-19 effect, would have a negative influence on the overall financial health of the Asian manufacturing and electricity sectors.

The demand for industrial floor scrubbers has decreased because to a significant decrease in power utilization and production volumes in industrial and commercial units. Furthermore, due to the complexities of remote production and a lack of stable infrastructure, the majority of manufacturing units have ceased operations. As a result of the foregoing, the outbreak of COVID-19 is predicted to have little influence on the industrial floor scrubbers market in the region.

Recent Developments

• April 2022, Tennant Company announced the addition of lithium-ion technology to its AMR machine range, which includes the T380AMR, T7AMR, and T16AMR. Customers in the cleaning business around the world will benefit from this new superior battery technology.
• Jan 2022, Tennant Company, Tennant Company has announced the release of Inventory Scan, the company’s first add-on for Tennant robotic floor scrubbers to give merchants with multi-purpose autonomous solutions. Inventory Scan, created in collaboration with robotics market leader Brain Corp, is an integrated system that allows Tennant floor scrubbers to automatically scan on-shelf inventory.
• August 2020, Nifisk, a global provider of professional cleaning products and services, has expanded its portfolio with the inclusion of two high-performance autonomous solutions. The Nitfisk Liberty SC60 is a robotic floor scrubber powered by Brain Corp’s BrainOS Al software platform, as well as a UV-C light-based solution to target viruses and other diseases for Nilfisk’s previous robotic floor scrubber, the Nilfisk Liberty SC50.

Frequently Asked Questions

Q1. How big is the Industrial Floor Scrubbers market?

Ans. The global Industrial Floor Scrubbers market size was US$ 3.5 billion in 2021 and is anticipated to reach US$ 9.0 billion in 2031, growing at a rate of 10% from 2022 to 2031.

Q2. What is the Industrial Floor Scrubbers market growth rate?

Ans. The growth rate of the Industrial Floor Scrubbers market is 10% from 2022 to 2031.

Q3. Which region holds a major market share for the Industrial Floor Scrubbers market?

Ans. Asia Pacific holds a major market share of the Industrial Floor Scrubbers market in 2021.

Q4. Which segment accounted for the largest Industrial Floor Scrubbers market share?

Ans. Based on product, it is segmented into walk behind scrubbers, ride-on scrubbers and robotic scrubbers. The walk behind scrubbers segment is expected to be the largest segment in the Industrial Floor Scrubbers market in 2021.

Q5. Who are the key players in the Industrial Floor Scrubbers market?

Ans. The global Industrial Floor Scrubbers market report includes players such as are Amano Corporation(Japan), Comac Spa(Italy), Conuest Euipment Pty Ltd.(Austrilia), Fimap S.P.A. (Italy), Hafi- Elektra Pvt Ltd.(India), Hako GmbH(Germany), Nilfisk Group(Denmark), Polivac International Pty Ltd(Austrilia), Roots Multiclean Ltd(India) and Tennant Company(U.S.).

Q6. What are the factors driving the Industrial Floor Scrubbers market growth?

Ans. Rapid expansion in transportation, healthcare, and pharmaceutical are projected to drive the growth of the industrial floor scrubbers market

Q7. What are the key growth strategies of Industrial Floor Scrubbers market players?

Ans. The key growth strategies of Industrial Floor Scrubbers market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the Industrial Floor Scrubbers market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the Industrial Floor Scrubbers market during the forecast period.

The global facade market was valued at US$ 195.4 billion in 2021 and it is anticipated to grow up to US$ 311.6 billion by 2031, at a CAGR of 4.8% during the forecast period.

A façade is the building’s deceiving external look. The building’s vertical and horizontal facades include the roof, ventilator louvers, and street awnings. The materials used for building facades are increasingly being employed for energy conservation in addition to aesthetic purposes. It aids in building temperature management, therefore façade industry participants are designing weather-specific facades. Facades are commonly employed in high-rise buildings and offices, as well as stores and apartments. It enhances visual appeal, serves as insulation against heat, cold, moisture, and noise, and shields the building from harm.

Global Facade Market Scope and Report Structure

Market Drivers and Trends

Urbanization and modernization are both crucial factors in the market’s expansion. When building facades, a number of aspects, such as waterproofing, fabrication, durability, and resilience to extreme conditions, are taken into consideration and reasons for market growth. The market is expected to develop as consumer opinions change and attention to a building’s exterior look increases. Increased renovation spending is a result of rising disposable income, which is predicted to accelerate market expansion. In industrialized nations like the U.S., increasing expenditures in the development of the residential and commercial construction industries can fuel market expansion.

Market Restraints and Challenges

The expansion of the facade market is anticipated to be hampered by high installation and repair costs as well as high raw material costs. They must only be attached and detached by professionals. Furthermore, a lack of knowledge about the advantages of facade materials could further restrain market expansion.

Global Facade Market Segmental Overview

The report analyses the global facade market based on type, material, end-user, and region.

Global Facade Market by Type

Based on type, the facade market is bifurcated into ventilated & non-ventilated. The ventilated segment is expected to have the largest market share in the global facade industry. This is primarily because it has advantages over non-ventilated facades, including energy savings and rich aesthetics. The need for ventilated façades on the majority of buildings and in new construction has increased as a result. To obtain an advantage in the ongoing competition, market players are also placing a lot of emphasis on this market area by introducing new, creative ventilated facades ideas and designs.

Global Facade Market by Material

Based on material, the facade market is segmented into glass, metal, fiber, and others. The metal segment maintained its dominance in 2021 and is likely to continue to lead the market during the forecast period. Metallic façade materials such as steel and aluminum are increasingly being used to make cladding walls and structural panels in modern and retro-style structures. Their popularity is a result of their low maintenance requirements, resistance to weather, fire, and water, durability, and environmental friendliness. Particularly because to its lightweight, durability, and high degree of elasticity, which enables designers to alter its shape and size in accordance with needs, aluminum finds extensive use as a façade material. Glass is also in high demand because of its transparency.

Global Facade Market by End-User

Based on end-user, the facade market is segmented into commercial, residential, and industrial. Commercial and Defense application segment dominated the market in 2021, and this trend is projected to continue over the forecast period. In order to protect the interior and give an aesthetically pleasing outer architecture, facades are widely utilized in commercial and residential buildings. Because corporations have large construction budgets, the product is widely employed in commercial buildings. Over the course of the projected period, it is anticipated that the number of commercial buildings including hotels, restaurants, warehouses, and garages will increase in nations including India, China, Brazil, and those in the Middle East.

Geographical Analysis of Global Facade Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific led the global market in 2021 and is expected to do so throughout the projected period. Asia-Pacific is anticipated to experience significant growth during the predicted period. This can be linked to the region’s increasing non-residential construction, economic expansion, infrastructure development, and population growth. The construction market in India is predicted to become the third largest in the world by 2025, and annual growth in construction output is predicted to be 7.1% on average. This is anticipated to fuel the growth of the facade industry in India and help the Asia Pacific region as a whole.

Major Players in the Global Facade Market

The key players studied in the global facade market are as Axis Facades (U.S.), Enclos Corp. (U.S.), Façade ONE (India), Permasteelisa S.P.A (Italy), Ramboll Group A/S (Denmark), Linder Group (Germany), Martins (India), Meinhardt Group (Singapore), Qingdao REXI Industries Co., Ltd.(China), and YKK AP Façade PTE Ltd (Tokyo).

COVID-19 Impact

The global construction sector has been severely impacted by the COVID-19 outbreak. In addition, the total lockdown in several cities in important nations including China, the U.S., Germany, the U.K., and India had a big impact on the worldwide economic downturn in 2020. In addition, the virus’ quick spread has compelled the cancellation of numerous current residential, commercial, and industrial construction projects across the globe. As a result, the demand for facade products and services is anticipated to decline over a shorter period of time due to the slower growth in the building and real estate industries caused by the decreased demand for purchasing homes and offices. However, once the situation has normalized, the global facade market is predicted to increase significantly.

Recent Developments

• November 2022, The West Ligurian Sea Port Authority has hired Ramboll as a member of the WeBuild-led team leading the historic refurbishment of the Port of Genoa.
• August 2022, YKK AP America Inc. has announced a $125 million expansion in Macon, Georgia, which will feature a new residential window and door manufacturing plant as well as additional machinery and equipment.
• June 2022, The West Ligurian Sea Port Authority has hired Ramboll as a member of the WeBuild-led team leading the historic refurbishment of the Port of Genoa.

Frequently Asked Questions

Q1. How big is the Facade market?

Ans. The global Facade market size was US$ 195.4 billion in 2021 and is anticipated to reach US$ 311.6 billion in 2031, growing at a rate of 4.8% from 2022 to 2031.

Q2. What is the Facade market growth rate?

Ans. The growth rate of the Facade market is 4.8% from 2022 to 2031.

Q3. Which region holds a major market share for the Facade market?

Ans. Asia Pacific holds a major market share of the Facade market in 2021.

Q4. Which segment accounted for the largest Facade market share?

Ans. Based on type, the Facade market is bifurcated into ventilated & non-ventilated. The ventilated segment led the market in 2021 and is expected to continue to dominate over the forecast period.

Q5. Who are the key players in the Facade market?

Ans. The global facade market report includes players such as Axis Facades (U.S.), Enclos Corp. (U.S.), Façade ONE (India), Permasteelisa S.P.A (Italy), Ramboll Group A/S (Denmark), Linder Group (Germany), Martins (India), Meinhardt Group (Singapore), Qingdao REXI Industries Co., Ltd.(China), and YKK AP Façade PTE Ltd (Tokyo).

Q6. What are the factors driving the Facade market growth?

Ans. Urbanization and modernization are both crucial factors in the market’s expansion. When building facades, a number of aspects, such as waterproofing, fabrication, durability, and resilience to extreme conditions, are taken into consideration and are the reasons for market growth.

Q7. What are the key growth strategies of Facade market players?

Ans. The key growth strategies of Facade market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the Facade market during the forecast period?

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

The global External Blinds Market was valued at US$ 15.7 billion in 2021 and it is anticipated to grow up to US$ 28.9 billion by 2031, at a CAGR of 6.3% during the forecast period.

Exterior blinds, shutters, and shades are hard covers that are typically put on windows to prevent overheating. Blinds and shades can incorporate soft materials, such as Roman shades/blinds or roller shutters, due to their practical applications, although they belong within the hard category. They are useful products that filter off unnecessary light and provide privacy.

There are a few vertical slatted blinds that move from side to side available in the blinds and coverings market. Shades, on the other hand, are strong window treatments made of softer materials. As a result, the regular release of revolutionary external blinds and roller shutters accelerates market expansion significantly.

Global External Blinds Market Scope and Report Structure

Market Drivers and Trends

During the projection period, the expanding real estate industry is likely to drive the market expansion of exterior blinds. The growing popularity of prefabricated, modular, and manufactured homes is expected to drive up blind demand in a variety of countries in the near future. The Indian real estate business has grown tremendously throughout the years. The India Brand Equity Foundation, or IBEF, expects that with government backing, the Indian residential sector would grow dramatically in the next years. For example, in June 2015, the Government of India (Gol) launched the Pradhan Mantri Awas Yojana, PMAY, project, with the goal of constructing 20 million houses across the country by 2022. As of August 26th, 2021, the initiative/scheme had gathered approximately 31 billion in funding.

Over the projection period, the rising hospitality industry is expected to drive market expansion at a macro level. As tourism resumes around the world, the need for hotels, airbnbs, hostels, and other hospitality places rises, propelling the external blinds industry forward.

Market Restraints and Challenges

Exterior blinds high pricing are projected to limit market expansion. Installing and setting up blinds takes some time, especially if the home has a lot of windows. Labor costs between US$35 to US$100 per hour, so labor makes up a sizable amount of the cost. Typically, labor for a whole house installation ranges from US$ 140 to US$ 440, or around US$ 50 per window. There are normally eight windows in a home that need blinds, and installation usually takes four hours. This is expected to restraint the market and smarter solutions are required to overcome this.

Global External Blinds Market Segmental Overview

The report analyses the global external blinds market based on product type, operating system, material, end-user and region.

Global External Blinds Market by Product Type

Based on product type, it is segmented into venetian blinds, roller blinds, vertical blinds, panel blinds and others. The venetian blinds sector dominated the market in terms of market share in 2021. Vertical slats that are two inches wide are piled and joined together by cords or fabric strips to form venetian blinds. The slats can be turned by pulling the cords, or the cables can be pulled together and raised to adjust the blinds. Venetian blinds come in a variety of materials, including wood. The blinds are also available in cordless variants. Users can programme their Venetian blinds to automatically retract as the light level drops so that they are totally hidden from view. Furthermore, they make it simple to clean the glass. The blade surface has a little curvature that harmonizes with the clean lines of contemporary architecture. The slats are guided by either thin extruded aluminum rails or coated stainless steel cables.

Global External Blinds Market by Operating System

Based on operation system the market is bifurcated into manual and automated. The automated segment is expected to lead the market in terms of market share in 2021. External blinds that are automated notice when UV sunrays are entering the room. Other smart gadgets like cellphones, air conditioners, and smart TVs can be connected to them. Because of this, motorized external blinds are incredibly convenient and straightforward to use. These essential characteristics are the primary causes of the increase in demand for automatic exterior blinds on the world market.

Global External Blinds Market by Material

Based on material, the external blinds market is segmented into metal, wood, plastic, and others. In 2021, the plastic segment is leading marking and expected to grow throughout the forecast period. Plastic blinds are quite simple to maintain, all you need to do is wipe off the dust and wash them well, no special cleaning agents are required. The lamellas can deform over time when exposed to heat, so experts advise against placing such products next to heat sources because they don’t always look organic in the space. However, plastic works best in a space where uncomplicated cleaning is required.

Global External Blinds Market by End-user

Based on end-user, the external blinds market is bifurcated into residential and commercial. The residential segment is leading the market in 2021. The residential category will have a significant part of this market in 2021, owing to annual growth in residential structures and remodelling, which demanded safety, privacy, and ambiance. The commercial sector of the exterior blinds market is anticipated to expand at a respectable clip as more offline workplaces emerge.

Geographical Analysis of Global External Blinds Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American area topped the external blinds market. The demand for external blinds is rising as a result of the growth in the number of homes and buildings in North America. Due to the geography of this area, various areas require distinct defenses against the sun, wind, dust, and snow. With a huge population of billionaires, external blinds are in high demand in North America not just for safety but also for aesthetic reasons.

Major Players in the Global External Blinds Market

The key players studied in the global External Blinds Market are Alulux GmbH(Germany), Griesser AG(Switzerland), Country Blinds Pty Ltd(Australia), Hunter Douglas(The Netherlands), MHZ Hachtel GmbH &Co. KG(Germany), NEVA(Czech Republic), Schenker Stroen(Switzerland), Serge Ferrari S.A.S.(France), Verano(The Netherlands), and WAREMA Renkhoff SE(Germany).

COVID-19 Impact

The COVID-19 pandemic has disrupted supply chain operations in various industry verticals, resulting in a temporary halt of residential and commercial projects throughout countries, which has harmed product sales. Strong distribution networks will probably help company owners lessen the effects of the COVID-19 pandemic on their operations. For instance, the Indian company Mac Blinds, which makes blinds, has more than a hundred dealers that specialize in distributing its goods all over the nation. With such a strong distribution network, the company was able to expand its geographic reach while also maintaining its competitiveness throughout the COVID-19 crisis. With the return of production and sales activities across countries, the international market is anticipated to experience pre-pandemic sales trends in the upcoming years.

Recent Developments

• March 2022, Hunter Douglas purchased 74% of the Polish company DromaSunshade Experts, which assembles custom-made outdoor sunscreens, shutters, and awnings. Droma will continue to run independently after the acquisition. Through the network of Droma, this acquisition will increase Hunter Douglas’s presence throughout Western Europe.
• March 2022, NEVA will use ISO PANEL for external blind side guiding. Compared to the original plates, the ISO PANELs enable efficient operations and are more environmentally friendly.
• April 2021, Griesser AG undertook numerous projects to supply external blinds for houses, mansions, and villas. A project of this kind took place in the Perpignan area, where the architectural firm BAU invited the corporation to see the expansive family home Vila Briques des Champs. The firm redecorated the property with roller shutters, awnings, window shutters, etc. in addition to providing external blinds.

Frequently Asked Questions

Q1. How big is the External Blinds Market?

Ans. The global External Blinds Market size was US$ 15.7 billion in 2021 and is anticipated to reach US$ 28.9 billion in 2031, growing at a rate of 6.3% from 2022 to 2031.

Q2. What is the External Blinds Market growth rate?

Ans. The growth rate of the External Blinds Market is 6.3% from 2022 to 2031.

Q3. Which region holds a major market share for the External Blinds Market?

Ans. North America holds a major market share of the External Blinds Market in 2021.

Q4. Which segment accounted for the largest External Blinds Market share?

Ans. Based on product type, it is segmented into venetian blinds, roller blinds, vertical blinds, panel blinds and others. The venetian segment is expected to be the largest segment in terms of market share in the external blinds market in 2021.

Q5. Who are the key players in the external blinds market?

Ans. The global external blinds market report includes players such as Alulux GmbH(Germany), Griesser AG(Switzerland), Country Blinds Pty Ltd(Australia), Hunter Douglas(The Netherlands), MHZ Hachtel GmbH &Co. KG(Germany), NEVA(Czech Republic), Schenker Stroen(Switzerland), Serge Ferrari S.A.S.(France), Verano(The Netherlands), WAREMA Renkhoff SE(Germany).

Q6. What are the factors driving the External Blinds Market growth?

Ans. The growing popularity of prefabricated, modular, and manufactured homes is expected to drive up blind demand in a variety of countries in the near future.

Q7. What are the key growth strategies of External Blinds Market players?

Ans. The key growth strategies of External Blinds Market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the External Blinds Market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the External Blinds Market during the forecast period.

The global industrial brakes market was valued at US$ 1.2 billion in 2021 and it is anticipated to grow up to US$ 2.0 billion by 2031, at a CAGR of 5.1% during the forecast period.

Industrial brake is a frictional device used to halt a spinning inertia load or to retain a component in a fixed position. In most cases, the inertia load is caused by many spinning components that must be halted. To slow anything down, they transform the kinetic energy created by friction between two surfaces into heat. Industrial brakes differ from car brakes in that they are used in a variety of industrial machines. Industrial brakes work in all-weather situations, require less maintenance owing to fewer moving components, and are easy to modify for various applications. During the forecast period, all of these reasons are likely to boost the demand for industrial brakes across the world. Industrial brakes provide numerous benefits, one of which is the low number of parts and spares needed. Other benefits include easy hygiene owing to the one-piece design, a high return on investment due to the extended life of industrial brakes, and the ability to work in harsh situations. Additionally, growing industrialization and increasing government investments in the industrial sectors to promote output are expected to have a substantial influence on the industrial brakes market during the projected period.

Global Industrial Brakes Market Scope and Report Structure

Market Drivers and Trends

Rise in government expenditure in industrial sectors and increase in industrialization across major parts of the globe are expected to fuel the demand opportunities in the global industrial brakes market in the upcoming years. Industrial brakes require minimal parts and spares that can be easily cleaned, and offer promising return on investment (ROI), owing to their durability. Moreover, they can be operated in challenging environments. On the back of these advantages, companies operating in the global industrial brakes market are experiencing demand from varied end-use industries, including construction, manufacturing, marine & shipping, power & energy, and mining.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of industrial brakes and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of industrial brakes are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce industrial brakes based on specific requirements.

Global Industrial Brakes Market Segmental Overview

The report analyses the global industrial brakes market based on type, application, and region.

Global Industrial Brakes Market by Type

Based on type, it is segmented into mechanically applied brakes, hydraulically applied brakes, pneumatically applied brakes, electrically applied brakes, and others. The hydraulically applied brakes segment is expected to be the largest segment in the industrial brakes market in 2021. A hydraulic brake transfer pressure from the regulating device to the braking system using brake fluid, which commonly contains glycol ethers or diethylene glycol. When the brake pedal is squeezed in a hydraulic brake system, a pushrod applies force on the master cylinder piston/pistons, forcing fluid from the brake fluid reservoir to flow into a pressure chamber through a compensating port. As a consequence, the pressure of the entire hydraulic system rises, driving the fluid down the hydraulic lines to one or more calipers, where the brakes works on one or more caliper pistons sealed by one or more seated O-rings (which prevent leakage of the fluid). Due to above mentioned factors, the hydraulically applied brakes segment is expected to hold a major market share in 2021.

Global Industrial Brakes Market by Application

Based on application, it is segmented into holding brakes, dynamic and emergency brakes, and tension brakes. The holding brakes segment is expected to be the largest segment in the industrial brakes market in 2021. Motor holding brakes are responsible for maintaining the motor’s position when the power stage is turned off. The holding brake is neither a safety feature nor a maintenance brake. This brake is used in factory automation, medical equipment, elevators and escalators, construction equipment, robotics, and machine tool equipment. Many companies offer holding brakes for various applications and industrial environments. Thus, the holding brakes segment is expected to hold a major market share in 2021.

Geographical Analysis of Global Industrial Brakes Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. In Asia Pacific, manufacturing sector has expanded in 2021 on improved domestic demand, a rapidly growing e-commerce sector, recovery of world trade volumes, and government-driven growth from budget disbursements and economic. Thus, it propels the growth of the industrial brakes market in Asia Pacific.

Major Players in the Global Industrial Brakes Market

The key players studied in the global industrial brakes market are Akebono Brake Industry Co., Ltd. (Japan), Altra Industrial Motion Corp. (U.S.), AMETEK.Inc. (U.S.), Carlisle Brake & Friction (U.S.), Coremo Ocmea S.p.A. (Italy), DELLNER BUBENZER Germany GmbH (Germany), Eaton Corporation plc (U.S.), Jiangxi Huawu Brake Co., Ltd. (China), RINGSPANN GmbH (Germany), and SIBRE (Germany).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of industrial brakes worldwide. Thus, the COVID-19 pandemic negatively affected the global industrial brakes market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of industrial brakes.

Recent Developments

• September 2022, Rail clamps and rail brakes are among the heavy-duty solutions in the extensive range of industrial brakes in Ringspann’s one-stop shop. Rail brakes from RINGSPANN give cranes and excavators high stability.
• April 2019, Eaton had announced it had been chosen to supply its decompression engine brake to Guangxi Yuchai Machinery Group Co., Ltd. (Yuchai Group), a China-based commercial vehicle engine manufacturer. The engine brake, slated to be assembled at Eaton’s manufacturing facility in Jining, China, enhance brake power in the full-engine operating range and is compact, allowing for easy integration into smaller engines. Eaton made the announcement at the Shanghai International Automobile Industry Exhibition.

Frequently Asked Questions

Q1. How big is the industrial brakes market?

Ans. The global industrial brakes market size was US$ 1.2 billion in 2021 and is anticipated to reach US$ 2.0 billion in 2031, growing at a rate of 5.1% from 2022 to 2031.

Q2. What is the industrial brakes market growth rate?

Ans. The growth rate of the industrial brakes market is 5.1% from 2022 to 2031.

Q3. Which region holds a major market share for the industrial brakes market?

Ans. Asia Pacific holds a major market share of the industrial brakes market in 2021.

Q4. Which segment accounted for the largest industrial brakes market share?

Ans. Based on type, it is segmented into mechanically applied brakes, hydraulically applied brakes, pneumatically applied brakes, electrically applied brakes, and others. The hydraulically applied brakes segment is expected to be the largest segment in the industrial brakes market in 2021.

Q5. Who are the key players in the industrial brakes market?

Ans. The global industrial brakes market report includes players such as Akebono Brake Industry Co., Ltd. (Japan), Altra Industrial Motion Corp. (U.S.), AMETEK.Inc. (U.S.), Carlisle Brake & Friction (U.S.), Coremo Ocmea S.p.A. (Italy), DELLNER BUBENZER Germany GmbH (Germany), Eaton Corporation plc (U.S.), Jiangxi Huawu Brake Co., Ltd. (China), RINGSPANN GmbH (Germany), and SIBRE (Germany).

Q6. What are the factors driving the industrial brakes market growth?

Ans. The major factor driving the growth of the market is increase in government expenditure in industrial sectors and rise in industrialization globally.

Q7. What are the key growth strategies of industrial brakes market players?

Ans. The key growth strategies of industrial brakes market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the industrial brakes market during the forecast period?

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

The global HVAC chillers market was valued at US$ 9.4 billion in 2021 and it is anticipated to grow up to US$ 14.3 billion by 2031, at a CAGR of 4.2% during the forecast period.

HVAC chillers transfer heat away from a space that requires climate control much like a traditional split system or package unit does, but they use water (or a water solution) to do so instead of air. There are three types of HVAC chillers: water-cooled, air-cooled, and steam-fired. They work similarly throughout most of the process until the refrigerant reaches the condenser.

Global HVAC Chillers Market Scope and Report Structure

Market Drivers and Trends

The improving economic conditions across the globe coupled with urbanization has led to the growth in the industrial sector. There has been a rise in the construction of medical centers, malls, complexes, hotels, commercial buildings and manufacturing facilities, which propels the demand for HVAC chillers. Urbanization has changed the lifestyle of the people and increased the inclination towards safety and security. Technological developments along with the modifications in government and organizational regulations for temperature control contributes towards the growth of the HVAC chiller market. Urbanization and growing population in European countries are driving factors for growth of chillers market in this region. Surging disposable income, temperature concerns, and spending on comfort and luxury are a few factors that drive the growth of the global HVAC chillers market.

Market Restraints and Challenges

HVAC chillers require high maintenance as chilled water-cooled systems use water for transferring heat that exposes the water to a range of conditions creating scaling. Scaling is a process of accumulation of deposits on metal. It can cause corrosion as well as decrease system efficiency. Additionally, chillers are less efficient in humid conditions. To address these situations, more advanced chillers are necessary, which come at a cost. This is expected to hamper the HVAC chillers market in the coming years.

Global HVAC Chillers Market Segmental Overview

The report analyses the global HVAC chillers market based on technology, type, application, and region.

Global HVAC Chillers Market by Technology

Based on technology, it is segmented into air-cooled, water-cooled, and steam-fired. The air-cooled segment is expected to have the largest HVAC chillers market share in 2021. Air-cooled chiller utilizes the mechanical refrigeration cycle to produce chilled water and antifreeze mixture. Air-cooled chillers are common in modern systems and have growing popularity since 1980s. It can be used in various residential, commercial, and industrial application. Industrial chillers are often used in large buildings such as hotels, indoor malls, hospitals, and large industrial buildings, as well as locations that may have multiple buildings that require cooling such as outdoor malls and theme parks. Air cooled chiller cost less to install and require less maintenance compared to water cooled chiller because they have less equipment. Due to this, the air-cooled segment is expected to receive the main market attraction resulting in market growth.

Global HVAC Chillers Market by Type

Based on type, it is segmented into process chillers, scroll chillers, screw chillers, centrifugal chillers, and absorption chillers. The screw chillers segment is expected to dominate the market during the forecast period. Screw chillers has a simple structure, fewer moving parts, less wearing parts, only 1/10 of the piston type, low failure rate, and long life screw compressor. Further, screw compressors screw chiller has a smooth circular motion, no surge phenomenon during the low load operation, low noise, and low vibration. Due to the abovementioned factors, the screw chillers segment is expected to dominate the market during the forecast period.

Global HVAC Chillers Market by Application

Based on application, it is segmented into industrial, commercial, and residential. The industrial segment is expected to be the largest segment in the HVAC chillers market in 2021. In industrial sector, industrial water chillers are utilized in a broad range of applications where chilled liquid or water are circulated through a process equipment. Generally, these chillers are utilized for cooling machinery and products. Water chillers are used in different applications with respect to tool and die cutting, injection molding, food and beverage, lasers, chemicals, semi-conductors, machine tool and more. With heat being the most common byproduct, no industrial machine, motor or process is 100% efficient. Removal of the heat is very important in industrial processes otherwise, it can accumulate over time and lead to reduced production times, premature equipment failure and equipment shutdowns. Thus, the industrial segment will likely hold a major market share in 2021.

Geographical Analysis of Global HVAC Chillers Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The U.S. and Canada contribute the most to the HVAC chillers market. Growing focus on construction of skyscrapers in Canada and Mexico has increased awareness about chilled water-cooled systems and is offering new opportunities to drive demand in the region. This, in turn, boosts the demand for HVAC chillers in the North America region.

Major Players in the Global HVAC Chillers Market

The key players studied in the global HVAC chillers market are Airedale International (U.K.), Carrier Global Corporation (U.S.), Daikin Industries, Ltd. (Japan), Johnson Controls (U.S.), Kaltra GmbH (Germany), LG Electronics (South Korea), Mitsubishi Electric Corporation (Japan), SKM Air Conditioning (UAE), Thermal Care, Inc. (U.S.), and Trane Technologies Company, LLC (U.S.).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in material demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of HVAC chillers worldwide. Thus, the COVID-19 pandemic negatively affected the global HVAC chillers market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of HVAC chillers.

Recent Developments

• October 2022, Daikin Applied announced upgrades to its award-winning,100%-configurable Pathfinder air-cooled screw chiller. Already the most efficient air-cooled screw chiller on the market, these upgrades will deliver even greater energy savings in the same footprint, as well as additional flexibility with the option to add factory-installed pump packages.
• July 2022, Carrier Global Corporation has entered into an agreement with Office Partners XXIII Block G1 LLC (Office Partners) to design, build, own and operate the heating and air conditioning plant at the new FNB Financial Center in Pittsburgh. Carrier will provide a turnkey high-efficiency heating and cooling plant for the new building that will contribute to the building’s targeted LEED Silver rating. Carrier will offer cooling-as-a-service for the FNB Financial Center.

Frequently Asked Questions

Q1. How big is the HVAC chillers market?

Ans. The global HVAC chillers market size was US$ 9.4 billion in 2021 and is anticipated to reach US$ 14.3 billion in 2031, growing at a rate of 4.2% from 2022 to 2031.

Q2. What is the HVAC chillers market growth rate?

Ans. The growth rate of the HVAC chillers market is 4.2% from 2022 to 2031.

Q3. Which region holds a major market share for the HVAC chillers market?

Ans. North America holds a major market share of the HVAC chillers market in 2021.

Q4. Which segment accounted for the largest HVAC chillers market share?

Ans. Based on technology, it is segmented into air-cooled, water-cooled, and steam-fired. The air-cooled segment is expected to have the largest HVAC chillers market share in 2021.

Q5. Who are the key players in the HVAC chillers market?

Ans. The global HVAC chillers market report includes players such as Airedale International (U.K.), Carrier Global Corporation (U.S.), Daikin Industries, Ltd. (Japan), Johnson Controls (U.S.), Kaltra GmbH (Germany), LG Electronics (South Korea), Mitsubishi Electric Corporation (Japan), SKM Air Conditioning (UAE), Thermal Care, Inc. (U.S.), and Trane Technologies Company, LLC (U.S.).

Q6. What are the factors driving the HVAC chillers market growth?

Ans. The major factor driving the growth of the market is surging disposable income, temperature concerns, and spending on comfort and luxury.

Q7. What are the key growth strategies of HVAC chillers market players?

Ans. The key growth strategies of HVAC chillers market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the HVAC chillers market during the forecast period?

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

The global fired air heaters market was valued at US$ 0.5 billion in 2021 and it is anticipated to grow up to US$ 0.8 billion by 2031, at a CAGR of 4.6% during the forecast period.

Fired heaters, often referred to as furnaces (direct fired heaters), are pieces of equipment often used in processing facilities to heat gases or liquids up to a desired temperature. Fired heaters in the petrochemical and refining industry are critical pieces of equipment that can have a major impact on process unit safety, reliability, and economics. They are complex pieces of equipment, where tubes and other pressure boundary components might fail due to relatively short periods of upset conditions. Fired heaters come in two configurations, including direct fired heaters and indirect fired heaters. Direct fired heaters utilize a burner to produce hot gasses that transfer their heat energy to a process liquid or gas flowing directly through furnace tubes installed inside the vessel. Indirect fired heaters utilize burners to heat a heat exchanger, over which cool air is circulated and heated.

Global Fired Air Heaters Market Scope and Report Structure

Market Drivers and Trends

Boilers, heat pumps, and fernanes are industrial heating equipment used in chemical, food, construction, mining, and other industries to carry out production processes. A boiler is a closed vessel in which water or another liquid is heated and steam is formed, subsequently used to drive machines when dispensed under high pressure. Furthermore, a heat pump is a device that transfers heat to warm or cool areas. Moreover, furnaces are essential components of a central heating system. In amine and glycol reboilers, the corrosive hydrogen sulfide and carbon dioxide gases must be removed from hydrocarbon steam before the respective fuels may be stored or introduced into the pipeline in natural gas and crude oil refining. Similar to natural gas steam, glycol is used to remove water from natural gas before distribution. Because of its cheap maintenance and simplicity, this type of heater is used in natural gas, crude oil, and processing sectors. In the chemical process sector, fired heaters are commonly used to heat process fluids and generate steam.

In most cases, fired heaters consume the most energy in the process industry. A box-type heater with vertical tubes is utilized to heat a hydrocarbon fluid for this investigation. Elution heaters, a specialized application of fired air heaters that requires a distinct and unique design, are used in the mining industry. Elution is the process of extracting one material from another by washing with a solvent, nearly always with the addition of heat, in analytical and organic chemistry. Minerals such as gold are extracted using exchangers. A mineral and solvent solution circulates on one side of the exchanger and a heat-transmitting fluid-commonly thermal fluid-distributes on the other. In the food industry, particularly in frying trains – potatoes, snacks, and precooked – is via heat transfer fluid heaters, in which thermal fluid circulates that is heated in the equipment, and its heat is transferred to the oil that fries the products above through an exchange. Some installations have been carried out here, similar to the mining elution process, where the frying oil circulates straight through the boiler, which is subsequently used as a fired air heater. Direct fired heaters are occasionally used as heat transfer fluid heaters or indirect heaters in the petrochemical industry. The good operation of the maintenance service of direct fired heaters in chemical plants and refineries and the uniformity of spare parts are the main reasons for this uptake because heat transfer fluid heaters are renowned for their advantages in their specific functions. Thus, the rise in demand for heating equipment for various industrial applications is driving the fired air heaters market.

Market Restraints and Challenges

Manufacturers of fired heaters are expected to adhere to certain regulatory standards imposed by international regulatory bodies. The regulations pertaining to material used for lining fired heaters are most crucial, making manufacturers to fetch for sustainable alternatives. Further, the complex and large profile of fired heaters make it essential for professional installation, resulting in additional costs to the end users. In addition, the relatively greater maintenance costs add to the expenses of fired heater deployments, which in turn continues to hinder adoption of fired heaters.

Global Fired Air Heaters Market Segmental Overview

The report analyses the global fired air heaters market based on type, end user, and region.

Global Fired Air Heaters Market by Type

Based on type, it is bifurcated into direct fired air heater and indirect fired air heater. The direct fired air heater segment is expected to be the largest segment in the fired air heaters market in 2021. Direct fired heaters provide a safe means to heat industrial environments by maintaining an appropriate air-to-fuel ratio, a natural gas or propane. The gas is delivered directly to the burner in a direct fired heater, while the airstream provides the necessary oxygen for combustion. The gas is mixed with the air that is driven through the burner baffle. The burner is set up to burn in tandem with and parallel to the airflow. Fuel consumption and running expenses are lowered as approximately 100% of the fuel is converted to heat. Due to above mentioned factors, the direct fired air heater segment is expected to hold a major market share in 2021.

Global Fired Air Heaters Market by End User

Based on end user, it is segmented into manufacturing, chemicals, mining, construction, oil and gas, pharmaceuticals, food, and others. The construction segment is expected to be the largest segment in the fired air heaters market in 2021. The construction industry is one of the industries which continue to grow year on year, with the rising demand for industrial complexes. The use of fired air heaters is becoming more popular in the construction industry. Outside the buildings, there are usually natural gas, propane, or diesel-fired heaters. The fuel is burned in an enclosed combustion chamber with combustion air drawn in from outside the structure. The flame heats a heat exchanger, which indirectly warms outside air that is fan-driven into the building via air ducts. Warm air can be distributed throughout the work area using these ducts, installed as needed. Electricity is required to run these units, and they are less efficient than direct-fired units. However, the additional safety they give often outweighs these disadvantages. Because the burner and fuel supply are outside the building, the risk of a fire is reduced. They also provide fresh air to the work area, lowering carbon monoxide and oxygen depletion concerns. Thus, the construction segment is expected to hold a major market share in 2021.

Geographical Analysis of Global Fired Air Heaters Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The region’s large market share can be attributed to the presence of many manufacturers in the region. The region comprises prominent market players such as Allmand Bros., Inc., Engineered Air, Exotherm Corporation, Hastings HVAC, Inc., Sigma Thermal, Stelter & Brinck, and ZEECO, INC., with a considerable customer base, big contracts, and strong market positioning. These market players have significantly invested in expanding their business competencies to sustain their market position. Thus, it propels the growth of the fired air heaters market in North America.

Major Players in the Global Fired Air Heaters Market

The key players studied in the global fired air heaters market are Allmand Bros., Inc. (U.S.), Engineered Air (U.S.), Exotherm Corporation (U.S.), Hastings HVAC, Inc. (U.S.), Pirobloc, S.A. (Spain), Sigma Thermal (U.S.), Stelter & Brinck (U.S.), Thermax Limited (India), Wacker Neuson SE (Germany), and ZEECO, INC. (U.S.).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of fired air heaters worldwide. Thus, the COVID-19 pandemic negatively affected the global fired air heaters market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of fired air heaters.

Recent Developments

• Dec 2018, Allmand Bros. Inc.-an 80-year-old producer of high-performance portable job site equipment and a subsidiary of Briggs & Stratton Corporation-expanded its current facility in Holdrege, NE, to boost manufacturing capacity and speed-to-market with new technologies.
• September 2018, Pirobloc-a leader in the design and manufacture of thermal oil heaters-opened a subsidiary in the US. Pirobloc USA is already a reality, and it is fully operational.

Frequently Asked Questions

Q1. How big is the fired air heaters market?

Ans. The global fired air heaters market size was US$ 0.5 billion in 2021 and is anticipated to reach US$ 0.8 billion in 2031, growing at a rate of 4.6% from 2022 to 2031.

Q2. What is the fired air heaters market growth rate?

Ans. The growth rate of the fired air heaters market is 4.6% from 2022 to 2031.

Q3. Which region holds a major market share for the fired air heaters market?

Ans. North America holds a major market share of the fired air heaters market in 2021.

Q4. Which segment accounted for the largest fired air heaters market share?

Ans. Based on type, it is bifurcated into direct fired air heater and indirect fired air heater. The direct fired air heater segment is expected to be the largest segment in the fired air heaters market in 2021.

Q5. Who are the key players in the fired air heaters market?

Ans. The global fired air heaters market report includes players such as Allmand Bros., Inc. (U.S.), Engineered Air (U.S.), Exotherm Corporation (U.S.), Hastings HVAC, Inc. (U.S.), Pirobloc, S.A. (Spain), Sigma Thermal (U.S.), Stelter & Brinck (U.S.), Thermax Limited (India), Wacker Neuson SE (Germany), and ZEECO, INC. (U.S.).

Q6. What are the factors driving the fired air heaters market growth?

Ans. The major factor driving the growth of the market is surge in demand for heating equipment for industrial application.

Q7. What are the key growth strategies of fired air heaters market players?

Ans. The key growth strategies of fired air heaters market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the fired air heaters market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the fired air heaters market during the forecast period.

The global low temperature bearings market was valued at US$ 0.4 billion in 2021 and it is anticipated to grow up to US$ 0.8 billion by 2031, at a CAGR of 5.8% during the forecast period.

Low-temperature lubricated bearings are suitable for use in refrigerated store equipment, ski resort equipment, snow removal and tractor equipment, gas equipment, and other applications. Low temperature bearing refers to reducing the friction coefficient by designing special materials and structures to reduce friction heating and keep the low bearing temperature during prolonged operation. Low temperature bearing is not a bearing that operates steadily in high temperature environments equivalent to high temperature bearing.

Low-temperature bearings are those with a working temperature of less than -60 C. It is primarily utilized in a variety of liquid pumps, including those for liquefied natural gas, butane, liquid nitrogen (hydrogen, oxygen), and rocket and missile propulsion systems.

Global Low Temperature Bearings Market Scope and Report Structure

Market Drivers and Trends

The global low temperature bearings market is being driven by high demand for aerospace and manufacturing industries, as well as increased demand for low-temperature bearings across the Liquid Natural Gas value chain. Ultra-Low Temperature Bearings are patented special ultra-low temperature grease with a high viscosity and a low pour point that can be used in a variety of low-level applications.

Market Restraints and Challenges

The cost of raw materials is still the number one worry for manufacturers. Raw material accounts for around 30% of the income of a bearing producer. The raw material price of an automotive bearing fluctuates in response to market economic conditions. Such raw material price volatility makes it difficult for businesses to remain competitive and provide sustainable margins. Bearing prices are significantly associated with global steel price movements since high-grade steel, and alloy steel are the principal raw materials utilized to manufacture bearings. Thus, fluctuations in raw material prices make it difficult for bearing producers to produce a bearing for a vehicle at a competitive price and quality. Furthermore, bearings require frequent maintenance to avoid failure and extend their lifespan, which raises maintenance expenses even further. As a result, issues such as fluctuating raw material prices and ongoing maintenance costs are projected to impede the growth of the low temperature bearings market.

Global Low Temperature Bearings Market Segmental Overview

The report analyses the global low temperature bearings market based on type, material, application, and region.

Global Low Temperature Bearings Market by Type

Based on type, the low temperature bearings market is segmented as cryogenic bearings, plain bearings, rolling element bearings, jewel bearings, and others. The rolling element bearings segment is expected to be the largest segment in the Low Temperature Bearings market in 2021. Roller bearings perform better under shock and impact loading. Many market players offer different types of related products in the global and local markets. Due to these factors mentioned above, the roller element bearing segment is expected to hold a major market share in 2021.

Global Low Temperature Bearings Market by Material

Based on material, the low temperature bearings market is segmented into stainless steel, ceramic, bearing steel, and others. The ceramic segment is expected to be the largest segment in the low temperature bearings market in 2021. Ceramic bearings are also harder than steel bearings (up to 30% harder), which increases durability, and they do not corrode, thus less maintenance is necessary. The majority of sealed ceramic bearings are hybrid ceramic bearings that combine a steel race with ceramic ball bearings. Thus, the ceramic segment will likely hold a major market share in 2021.

Global Low Temperature Bearings Market by Application

Based on application, the low temperature bearings market is segmented into aerospace, pharmaceutical, manufacturing, and others. Because of its undesired properties, such as being nontoxic, odorless, colorless, chemically inert, and combustible, liquid nitrogen is commonly used in the chemical and pharmaceutical industries. Because nitrogen has a boiling point of -195°C, it is increasingly used as a coolant and refrigerant in the chemical and pharmaceutical industries. Thus, the pharmaceutical segment will likely hold a major market share in 2021.

Geographical Analysis of Global Low Temperature Bearings Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific bearings market dominates the industry due to the rise of the automotive industry in various economies such as China, India, Japan, and South Korea. In 2020, the region accounted for more than half of total bearing demand. Increased car purchases in developing countries such as India, Indonesia, and Thailand will promote regional Gross Domestic Product. The simple availability of raw materials and low-cost production, as well as the presence of numerous industrial stakeholders in the region, will all contribute to increased output. This, in turn, boosts the demand for low temperature bearings in the Asia Pacific region.

Major Players in the Global Low Temperature Bearings Market

The key players studied in the global low temperature bearings market are Carter Bearings(UK), DuPont (U.S), GEBR. Reinfurt GMBH and CO KG(Germany), Marc Bearings(India), NBC Bearings(India), Nachi-Fujikoshi (Japan), SKF Group(Sweden), Swiss Jewel Company(US), Timken Company(U.S), and ZYS Bearing Research Institute Co. Ltd(China).

COVID-19 Impact

In 2019, the growth of low temperature bearings market was rising due to the rising population in developing countries, high demand in the aerospace and manufacturing industries, as well as rising need for low-temperature bearings throughout the LNG industry.

The COVID-19 pandemic had a negative impact on several end-use industries, including manufacturing and aerospace, due to disruptions in the raw material supply chain and the temporary shutdown of production facilities. Furthermore, Low Temperature Bearing is used to improve pump performance in end-use industries; thus, demand for low-temperature bearing is closely related to the operation of manufacturing facilities. As a result, manufacturing operations disruptions are expected to have a negative impact on the global low temperature bearings market in the future. Due to supply chain disruptions of low temperature bearings components, global low temperature bearings market players faced severe challenges, resulting in a supply-demand gap that hampered low temperature bearings market growth.

Revenues in the manufacturing and aerospace industries fell significantly as a result of the temporary halt of operations. Many industrial sectors came to a halt in the first quarter of 2020, except few pharmaceutical manufacturing companies that ran with very less manforce due to global urgency, following the adoption of a statewide lockdown in most countries. Furthermore, low temperature bearings are widely employed in the pharmaceutical, aerospace, and manufacturing industries. However, once the situation has normalized, the global low temperature bearings market is predicted to increase significantly.

Recent Developments

• October 2022, Carter will open a new European logistics hub to supply products directly to the European Union.
• June 2022, ZYS completed a successful trial run of their precision bearing intelligent production line.
• May 2022, SKG Group announced the development of deep-groove ball bearings for the food and beverage industry. This bearing contains food-grade grease and an integral seal that do not require lubrication, resulting in a longer machine lifetime.

Frequently Asked Questions

Q1. How big is the Low Temperature Bearings market?

Ans. The global Low Temperature Bearings market size was US$ 0.4 billion in 2021 and is anticipated to reach US$ 0.8 billion in 2031, growing at a rate of 5.8% from 2022 to 2031.

Q2. What is the Low Temperature Bearings market growth rate?

Ans. The growth rate of the Low Temperature Bearings market is 5.8% from 2022 to 2031.

Q3. Which region holds a major market share for the Low Temperature Bearings market?

Ans. Asia Pacific holds a major market share of the Low Temperature Bearings market in 2021.

Q4. Which segment accounted for the largest Low Temperature Bearings market share?

Ans. Based on type, the Low Temperature Bearings market is segmented as cryogenic bearings, plain bearings, rolling element bearings, jewel bearings, and others. The rolling element bearings segment is expected to be the largest segment in the Low Temperature Bearings market in 2021.

Q5. Who are the key players in the Low Temperature Bearings market?

Ans. The global Low Temperature Bearings market report includes players such as Carter Bearings(UK), DuPont (U.S), GEBR. Reinfurt GMBH and CO KG(Germany), Marc Bearings(India), NBC Bearings(India), Nachi-Fujikoshi (Japan), SKF Group(Sweden), Swiss Jewel Company(US), Timken Company(U.S), and ZYS Bearing Research Institute Co. Ltd(China).

Q6. What are the factors driving the Low Temperature Bearings market growth?

Ans. The major factor driving the growth of the market is the rise in demand for aerospace and manufacturing industries, as well as increased demand for low-temperature bearings across the Liquid Natural Gas value chain.

Q7. What are the key growth strategies of Low Temperature Bearings market players?

Ans. The key growth strategies of Low Temperature Bearings market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the Low Temperature Bearings market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the Low Temperature Bearings market during the forecast period.

The global vacuum furnaces market was valued at US$ 0.9 billion in 2021 and it is anticipated to grow up to US$ 1.3 billion by 2031, at a CAGR of 3.7% during the forecast period.

Vacuum furnaces are used to perform high-consistency, low-contamination procedures, including annealing, brazing, sintering, and heat treatment. A vacuum furnace is typically an electrically heated furnace that maintains a vacuum throughout the process. Electric resistance elements comprised of graphite, ceramics, or metals heat most vacuum furnaces.

Global Vacuum Furnaces Market Scope and Report Structure

Market Drivers and Trends

The extensive use of vacuum furnaces in the automotive industry is anticipated to drive the demand for vacuum furnaces. Furthermore, globalization plays a major role in the growth of air travel worldwide. This leads to increased demand in the aerospace sector, which propels the Vacuum Furnaces market. Furthermore, the construction of residential and non-residential buildings is rising globally. This is fueled by the rise in global population, the surge in disposable income, and the rapid rise in urbanization, especially in developing nations such as Brazil, Argentina, India, and China. The building construction sector significantly uses ceramic products, such as tiles and decorative laminates. Manufacturers of these building products use Vacuum Furnaces in the manufacturing process. In addition to this, the rise in the elderly population and the rise in the number of diseases are fueling the demand for medical equipment. The manufacturing process of medical equipment requires them to be heat-treated. This positively influences the Vacuum Furnaces market growth.

Market Restraints and Challenges

The market is constrained by high investment prices and considerable effort to repair components. The entire component is heated, decreasing hardness with existing quenched and tempered materials or work-hardened materials. Components must eventually be repaired by hand because they cannot be handled in the furnace. So manipulation is not possible, which can lead to high maintenance costs. Keeping this in mind, new entrants will be fewer in the market.

Global Vacuum Furnaces Market Segmental Overview

The report analyses the global vacuum furnaces market based on type, end-user, and region.

Global Vacuum Furnaces Market by Type

Based on type, it is bifurcated into horizontal and vertical. The vertical segment is expected to be the largest segment in the Vacuum Furnaces market in 2021. Vertical furnaces are nearly primarily used. Vacuum Furnaces from VAC AERO are employed in every facet of thermal processing in a wide range of sectors, including commercial heat treatment, aerospace and engine parts, medical implants, nuclear tubes, tool and die, and, most recently, additive manufacturing. Vacuum processes are equally broad, ranging from aerospace component brazing and hardening of stainless and tool steel dies to zirconium tube annealing and case hardening of power transmission components.

Vertical Vacuum Furnaces combine rapid cycle times and high quenching rates to improve the homogeneity of big production components with complex geometries. They are perfect for processing large circular parts like rings, stators, or engine casings, as well as long parts like shafts or rolls. Due to these factors mentioned above, the vertical segment is expected to hold a major market share in 2021.

Global Vacuum Furnaces Market by End-User

Based on end-user, it is bifurcated into industrial and research. The industrial segment is expected to be the largest segment in the Vacuum Furnaces market in 2021. Vacuum Furnaces are used in the manufacturing process of various building goods. Furthermore, an increase in the older population and an increase in the number of diseases are driving up demand for medical equipment. Medical equipment must be heat-treated throughout the manufacturing process. This has a beneficial impact on the growth of the Vacuum Furnaces market.

Geographical Analysis of Global Vacuum Furnaces Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific is expected to hold the majority of the market share in 2021; Globalization is having a significant impact on the global expansion of air travel. This is driving up demand in the aerospace industry, which will eventually boost the Vacuum Furnaces market. Furthermore, the global construction of residential and non-residential buildings is increasing. This is fueled by an increase in global population, an increase in disposable income, and rapid urbanization, particularly in developing countries such as Brazil, Argentina, India, and China. The building construction sector heavily relies on ceramic products such as tiles and decorative laminates. This guarantees the growth of vacuum furnace market in Asia-Pacific region.

Major Players in the Global Vacuum Furnaces Market

The key players studied in the global vacuum furnaces are such as AMG Advanced Metallurgical Group N.V. (Netherlands), Centorr Vacuum Industries (US), Chugai Ro Co. Ltd. (Japan), ECM Group (Austrilia), Fours Industriels BMI (France), Gasbarre Products, Inc. (US), Ipsen (France), IHI Corporation (Japan), T-M Vacuum Products, Inc (US), and Stericox India Pvt Ltd. (India).

COVID-19 Impact

In 2019, the growth of the global vacuum furnaces market was rising due to the rising population in developing countries. The extensive use of Vacuum Furnaces in the automotive industry is anticipated to drive the demand for vacuum furnaces.

In 2020, technological breakthroughs have enabled the production of goods with reduced size, vibration and noise emissions, and maximum operational reliability. Vacuum furnace manufacturers throughout the world are continuing to examine the global effects of COVID-19 and its potential future magnitude.

Due to high-quality criteria, manufacturers rely on a small number of suppliers for various vacuum furnace components. This is constrained by the pandemic’s negative effects, which result in lower capacity utilization. As a result, Vacuum Furnaces market participants enter longer-term contracts with suppliers and diversify their supply base to reduce this risk. Manufacturers have also noticed an increase in the need to monitor supplier performance and maintain enough liquidity.

There are also positive signs for the coming quarters due to increased residential and non-residential construction projects. However, with the surge in construction activity, combined with disruptions to supply chains and high shipping costs, prices for construction materials have soared or remain in short supply.

Recent Developments

• July 2021, ECM Lab Solutions is the latest offering from the ECM Group aimed at laboratories and research institutions. This new program combines all ECM Group products that are intended and adapted for research and development in four major fields: metallurgy and heat treatment, crystal growth, semiconductors, and renewable energies.
• April 2021, Centorr Vacuum Industries mentioned they are preparing six furnaces in their workhorse product line for diverse precision processing of metals in heat treatment, brazing, annealing, and other applications.
• January 2020, zipsen USA built a TITAN vacuum furnace at Stack Metallurgical Group’s location in Spokane Valley, Washington. Stack Metallurgical Group is a Nadcap-approved company and the largest commercial heat treater in the Northwestern United States.

Frequently Asked Questions

Q1. How big is the vacuum furnaces market?

Ans. The global vacuum furnaces market size was US$ 0.9 billion in 2021 and is anticipated to reach US$ 1.3 billion in 2031, growing at a rate of 3.7% from 2022 to 2031.

Q2. What is the vacuum furnaces market growth rate?

Ans. The growth rate of the vacuum furnaces market is 3.7% from 2022 to 2031.

Q3. Which region holds a major market share for the vacuum furnaces market?

Ans. Asia Pacific holds a major market share of the vacuum furnaces market in 2021.

Q4. Which segment accounted for the largest vacuum furnaces market share?

Ans. Based on type, it is bifurcated into horizontal and vertical. The vertical segment is expected to be the largest segment in the vacuum furnaces market in 2021.

Q5. Who are the key players in the vacuum furnaces market?

Ans. The global vacuum furnaces market report includes players are such as AMG Advanced Metallurgical Group N.V. (Netherlands), Centorr Vacuum Industries (US), Chugai Ro Co. Ltd. (Japan), ECM Group (Austrilia), Fours Industriels BMI (France), Gasbarre Products, Inc. (US), Ipsen (France), IHI Corporation (Japan), T-M Vacuum Products, Inc (US), and Stericox India Pvt Ltd. (India).

Q6. What are the factors driving the vacuum furnaces market growth?

Ans. The extensive use of vacuum furnaces in the automotive industry is anticipated to drive the demand for vacuum furnaces.

Q7. What are the key growth strategies of vacuum furnaces market players?

Ans. The key growth strategies of vacuum furnaces market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the vacuum furnaces market during the forecast period?

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

The global fall protection equipment market was valued at US$ 2.9 billion in 2021 and it is anticipated to grow up to US$ 5.3 billion by 2031, at a CAGR of 6.0% during the forecast period.

Fall protection equipment refers to various products and equipment that are used for preventing industrial workers from injuries when working at heights. Some of the commonly used fall protection equipment includes on-body and off-body products. On-body products, such as safety nets, body belts, connecting devices, suspension belts and full body and chest harnesses, are primarily attached to or worn on the body to arrest falls. On the other hand, off-body products, such as skylight guards and guard rails, are installed on a physical structure to prevent the worker from falling. These products find extensive applications across various industries, including construction, mining, transportation, utilities and telecommunication.

Global Fall Protection Equipment Market Scope and Report Structure

Market Drivers and Trends

The rise in construction activities around the world is a primary element driving the fall protection equipment market. As Asian countries such as India and China are witnessing significant population growth, the demand for commercial and residential spaces in these countries is constantly expanding. The global economy is currently experiencing a severe slowdown due to a developing credit constraint that is causing economies around the world to miss their developmental ambitions. Infrastructure remains a major priority for addressing developmental gaps in the current scenario, as it is seen as omnipotent and capable of bringing economies out of financial upheaval. Governments all over the world are pumping money into physical and social infrastructure to increase the demand for products and services by creating jobs.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of fall protection equipment and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of fall protection equipment are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce fall protection equipment based on specific requirements.

Global Fall Protection Equipment Market Segmental Overview

The report analyses the global fall protection equipment market based on type, application, and region.

Global Fall Protection Equipment Market by Type

Based on type, it is segmented into soft goods, hard goods, rescue kits, body belts, full body harness, and others. The hard goods segment is expected to be the largest segment in the fall protection equipment market in 2021. The development of hard good (those made from metal or other non-synthetic materials) fall equipment is focused on adaptability and efficiency. Anchors, carabiners, rope grabs, and retractable blocks are examples of hard goods. Anchors are extremely capable of supporting intended weights and assisting in the prevention of falls. The use of hard goods is important in the mining sector since it increases worker flexibility and convenience. The growth of the mining sector in the US is expected to boost the demand for these products. Rope grabs are the ideal alternative for vertical and horizontal lifeline systems used in construction and mining industries because they enable level and inertial locking to prevent the fall. Due to above mentioned factors, the hard goods segment is expected to hold a major market share in 2021.

Global Fall Protection Equipment Market by Application

Based on application, it is segmented into construction, transportation, oil and gas, mining, energy and utilities, telecom, and others. The construction segment is expected to be the largest segment in the fall protection equipment market in 2021. To ensure the effective flow of activities and to maintain workers’ safety in construction sector, each industry requires fall protection equipment in its facilities. As Asian countries such as India and China are witnessing significant population growth, the demand for commercial and residential spaces in these countries is constantly expanding. Further, the construction sector is the most common end user of fall prevention systems, as it has the highest annual injury rate. The global construction sector is responsible for more than a third of all workplace deaths each year. Due to a large number of planned building projects, the US is one of the most important countries for safety equipment on construction sites. As mandated by administrations in several states across the US, the use of fall protection systems to reduce the number of accidents and fatalities during building activities is expected to fuel the growth of this market. Thus, the construction segment is expected to hold a major market share in 2021.

Geographical Analysis of Global Fall Protection Equipment Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. North America is home to many major market players such as MSA, 3M, Honeywell, Falltech, and Guardian. Many major initiatives have been taken by companies in North America to boost the growth of the fall protection equipment market. Further, the US is worried about the safety and health of its workers, which has prompted the government to embrace fall protection devices. The country has established various authorities to regulate safety norms and procedures, such as the Occupational Safety and Health Administration (OSHA) and the American National Standards Institute (ANSI). Thus, it propels the growth of the fall protection equipment market in North America.

Major Players in the Global Fall Protection Equipment Market

The key players studied in the global fall protection equipment market are 3M Company (U.S.), FallTech (Canada), French Creek Production (U.S.), Frontline (U.S.), Guardian Fall (U.S.), Honeywell International Inc. (U.S.), Kee Safety Inc. (U.S.), Omkar Safety And Power Private Limited (India), Safewaze (U.S.), and Tritech Fall Protection Systems, Inc. (U.S.).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of fall protection equipment worldwide. Thus, the COVID-19 pandemic negatively affected the global fall protection equipment market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of fall protection equipment.

Recent Developments

• May 2021, Pure Safety Group brought its family of height safety brands—Stronghold by PSG, Ty-Flt, Checkmate, and HART under the Guardian banner. This expansion has now made Guardian the world’s largest independent fall protection and prevention brand.
• March 2021, 3M Fall Protection invented and included Suspension Trauma Safety Straps on all ANSI and CSA certified 3M DBI SALA harnesses by the end of March 2021.

Frequently Asked Questions

Q1. How big is the fall protection equipment market?

Ans. The global fall protection equipment market size was US$ 2.9 billion in 2021 and is anticipated to reach US$ 5.3 billion in 2031, growing at a rate of 6.0% from 2022 to 2031.

Q2. What is the fall protection equipment market growth rate?

Ans. The growth rate of the fall protection equipment market is 6.0% from 2022 to 2031.

Q3. Which region holds a major market share for the fall protection equipment market?

Ans. North America holds a major market share of the fall protection equipment market in 2021.

Q4. Which segment accounted for the largest fall protection equipment market share?

Ans. Based on type, it is segmented into soft goods, hard goods, rescue kits, body belts, full body harness, and others. The hard goods segment is expected to be the largest segment in the fall protection equipment market in 2021.

Q5. Who are the key players in the fall protection equipment market?

Ans. The global fall protection equipment market report includes players such as 3M Company (U.S.), FallTech (Canada), French Creek Production (U.S.), Frontline (U.S.), Guardian Fall (U.S.), Honeywell International Inc. (U.S.), Kee Safety Inc. (U.S.), Omkar Safety And Power Private Limited (India), Safewaze (U.S.), and Tritech Fall Protection Systems, Inc. (U.S.).

Q6. What are the factors driving the fall protection equipment market growth?

Ans. The major factor driving the growth of the market is surge in construction activities.

Q7. What are the key growth strategies of fall protection equipment market players?

Ans. The key growth strategies of fall protection equipment market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the fall protection equipment market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the fall protection equipment market during the forecast period.

The global cryogenic control valve market was valued at US$ 2.3 billion in 2021 and it is anticipated to grow up to US$ 3.5 billion by 2031, at a CAGR of 4.3% during the forecast period.

Globally, natural gas extracted from the source is transported and stored at the end-user industries for several applications. Natural gas can be liquefied by over 600 times, making its transportation and storage more economical by using carriers on ships and large storage tanks and trucks. It is achieved by liquefying it at a temperature as low as -196 C. To maintain this temperature, suitable pipes, valves, and fittings that can withstand the cryogenic temperature are used. The cryogenic control valve is a major part of the cryogenic systems, maintaining the temperature and pressure setting of the overall system.

Cryogenic control valves are used in extremely cold conditions. The valves are popularly utilized by companies working with Compressed Natural Gas (CNG) or Liquefied Natural Gas (LNG). For example, many oil and gas companies frequently use cryogenic temperature, where its range starts at −150 degrees Celsius (−238 degrees Fahrenheit). Cryogenic valves store and transport cryogenic gasses efficiently and safely. The ball control valve is the most used type of control valve.

Global Cryogenic Control Valve Market Scope and Report Structure

Market Drivers and Trends

Recently, the demand for floating production storage and offloading (FPSO) units and floating storage regasification units (FSRU) has increased considerably. An FPSO unit is widely utilized for the processing and production of hydrocarbon and oil storage by the oil & gas industry. For the transfer and transition of liquefied natural gas (LNG) through oceanic channels, an FSRU is required. According to the Organization of the Petroleum Exporting Countries (OPEC), global oil demand is predicted to grow from 38 million barrels per day to 115 million barrels per day by 2025, with an annual average growth of 1.6 million barrels per day, or 1.7%, from 2002 to 2025. Considering technology feasibility, mobility, availability, scheduling, commercial flexibility, and lower cost, FSRUs are gaining popularity worldwide. With the increasing use of natural gases, Asia pacific is anticipated to be the largest FSRU market in the coming years. Cryogenic valves of respective types are broadly used at FPSO units and FSRUs. This is expected to drive the cryogenic control valve market across the globe.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of cryogenic control valves and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of cryogenic control valves are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce cryogenic control valves based on specific requirements.

Global Cryogenic Control Valve Market Segmental Overview

The report analyses the global cryogenic control valve market based on type, application, and region.

Global Cryogenic Control Valve Market by Type

Based on type, it is segmented into globe control valves, ball control valves, butterfly control valves, and others. The others segment is expected to be the largest segment in the cryogenic control valve market in 2021. The others segment includes plug valves, gate valves, pinch valves, and diaphragm valves, among others. Gate valves use linear stem motion to open and close a valve. These valves use parallel or wedge-shaped discs as closure members that provide tight sealing. This type of valve is suitable for oil, gas, air, heavy liquids, steam, non-condensing gases, and abrasive and corrosive liquids. Due to above mentioned factors, the others segment is expected to hold a major market share in 2021.

Global Cryogenic Control Valve Market by Application

Based on application, it is segmented into power generation, oil and gas, food and beverages, and others. The oil and gas segment is expected to be the largest segment in the cryogenic control valve market in 2021. Many oil and gas companies use globe valves for controlling the pressure, flow, and temperature of process water, fluid, or gas. Further, several oil & gas exploring and production (E&P) companies have started to discover new oil rigs globally, which is expected to boost the demand for cryogenic storing and transportation tanks as well as cryogenic valves in coming years. Thus, the oil and gas segment is expected to hold a major market share in 2021.

Geographical Analysis of Global Cryogenic Control Valve Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. The chemical industry plays a crucial role in most sectors of regional economies, including oil & gas, paper, and personal care. In the food & beverage industry, the growing population, rising incomes, increase in the number of working professionals, and urbanization has led to an increased demand for packaged- foods in the region, especially from countries such as India and China. Thus, it propels the growth of the cryogenic control valve market in Asia Pacific.

Major Players in the Global Cryogenic Control Valve Market

The key players studied in the global cryogenic control valve market are BAC VALVES, S.A. (Spain), Baker Hughes Company (U.S.), Emerson Electric Co. (U.S.), Flowserve Corporation (U.S.), KORVAL Co., Ltd. (South Korea), L&T Valves Limited (India), Richards Industrials (U.S.), SAMSON AG (Germany), Valmet Oyj (Finland), and Velan Inc. (Canada).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of cryogenic control valves worldwide. Thus, the COVID-19 pandemic negatively affected the global cryogenic control valve market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of cryogenic control valves.

Recent Developments

• June 2021, Baker Hughes and Borg CO2 announced memorandum of understanding regarding collaboration on a carbon capture and storage project. This project will serve as a hub for the decarbonization of industrial spaces in the Viken region of Norway.
• March 2021, Emerson introduced a series of three way and two-way solenoid valves that support original equipment manufacturers’ requirement to develop more compact equipment and machines without compromising on fluid control performance.

Frequently Asked Questions

Q1. How big is the cryogenic control valve market?

Ans. The global cryogenic control valve market size was US$ 2.3 billion in 2021 and is anticipated to reach US$ 3.5 billion in 2031, growing at a rate of 4.3% from 2022 to 2031.

Q2. What is the cryogenic control valve market growth rate?

Ans. The growth rate of the cryogenic control valve market is 4.3% from 2022 to 2031.

Q3. Which region holds a major market share for the cryogenic control valve market?

Ans. Asia Pacific holds a major market share of the cryogenic control valve market in 2021.

Q4. Which segment accounted for the largest cryogenic control valve market share?

Ans. Based on type, it is segmented into globe control valves, ball control valves, butterfly control valves, and others. The others segment is expected to be the largest segment in the cryogenic control valve market in 2021.

Q5. Who are the key players in the cryogenic control valve market?

Ans. The global cryogenic control valve market report includes players such as BAC VALVES, S.A. (Spain), Baker Hughes Company (U.S.), Emerson Electric Co. (U.S.), Flowserve Corporation (U.S.), KORVAL Co., Ltd. (South Korea), L&T Valves Limited (India), Richards Industrials (U.S.), SAMSON AG (Germany), Valmet Oyj (Finland), and Velan Inc. (Canada).

Q6. What are the factors driving the cryogenic control valve market growth?

Ans. The major factor driving the growth of the market is surge in demand for FSRU and FPSO.

Q7. What are the key growth strategies of cryogenic control valve market players?

Ans. The key growth strategies of cryogenic control valve market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the cryogenic control valve market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the cryogenic control valve market during the forecast period.

The global airport cleaning machine market was valued at US$ 2.7 billion in 2021 and it is anticipated to grow up to US$ 4.4 billion by 2031, at a CAGR of 4.9% during the forecast period.

Airports are a regular hub of a large volume of travelers and are also among the dirtiest places. Making sure the high-traffic areas in an airport are thoroughly cleaned and sanitized can enhance the place’s visual appeal and alleviate the mood of the staff and the travelers. Investing in a professional cleaning service that can maintain the look and functionality of the airport area can be a good idea.

The high amount of traffic in airports and other public transportation buildings and complexes creates some unique cleaning challenges. Airport cleaning staff need solutions has to deal with very large areas that see thousands of people pass through each week. The larger area, combined with the increased soil and germs passengers, brings in calls for some creative solutions. Fussy, detailed cleaning can’t be done on a daily basis, but certain tasks can’t wait. Daily floor and restroom maintenance of airports, bus stations, and the like call for techniques and equipment that clean larger areas in shorter amounts of time.

Global Airport Cleaning Machine Market Scope and Report Structure

Market Drivers and Trends

Today, the entire world is facing and fighting COVID-19 pandemic. COVID-19 is a disease that spreads primarily through droplets generated when an infected person coughs or sneezes. Keeping cleanliness has, therefore, become paramount importance. As the economy opens and travelling to various countries/states eases up, airport authority has added responsibility of keeping the airports sanitized and clean for passenger safety and security. This has therefore led to an increase in need and demand for effective and comprehensive cleaning machines.

Airport authorities operating across the globe have now changed and updated their sanitation and cleanliness norms. For instance, in India, Delhi’s Indira Gandhi International Airport (IGIA) and Hyderabad’s Rajiv Gandhi International Airport (RGIA) have been maintaining enhanced standards of cleanliness and hygiene. Over 400 housekeeping staff were deployed for the process of large-scale sanitation. Similarly, in the US, the BWI Marshall Airport terminal has also invested in upgrading and enhancing the cleanliness norms and procedures. In June 2020, in Toronto, Canada, The Greater Toronto Airports Authority (GTAA), which operates and maintains Toronto Pearson, launched its ‘Healthy Airport’ program – an all-inclusive program that summarizes the steps the airport and its partners are taking to be ready for the new realities of air travel, and to lead the aviation industry in advancing the future of healthy travel corridors.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of airport cleaning machines and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of airport cleaning machines are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce airport cleaning machines based on specific requirements.

Global Airport Cleaning Machine Market Segmental Overview

The report analyses the global airport cleaning machine market based on type, application, and region.

Global Airport Cleaning Machine Market by Type

Based on type, it is segmented into truck-mounted and walk-behind. The walk-behind segment is expected to be the largest segment in the airport cleaning machine market in 2021. Walk-behind airport cleaning machines are traditional equipment that are used majorly for ground cleaning. These machines are designed with triangular brushes, and they exhibit high cleaning efficiency. Due to above mentioned factors, the walk-behind segment is expected to hold a major market share in 2021.

Global Airport Cleaning Machine Market by Application

Based on application, it is segmented into surface cleaning, rubber removal, paint removal, and others. The surface cleaning segment is expected to be the largest segment in the airport cleaning machine market in 2021. When passengers are relaxed and enjoying the space, they are in, they tend to spend more and stay longer. The job of a janitor is so important because routine airport cleaning contributes to the experience and safety of the customer, from the floors they walk on to the tables they eat and drink on. Surfaces throughout the airport, including the ticket counters, benches, and store shelves, should be cleaned and sanitized on a regular basis. This prevents the transfer of germs and keeps the entire area smelling fresh and clean. For the safety of all the travelers who pass through airports daily, deep cleaning of the surfaces, carpets, bathrooms, and trash cans are essential. Thus, the surface cleaning segment is expected to hold a major market share in 2021.

Geographical Analysis of Global Airport Cleaning Machine Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. North America has a developed aviation market, and it is the most influential region in the world. The airport authority across the region focuses on developing and adopting smart and advanced cleaning technologies across all its airports. American airports are the busiest in the world; almost half of the world’s busiest airports are in the US. Because of increased air traffic worldwide, the airport authority is constantly focusing on improving airport facilities, including adding new terminals. Thus, it propels the growth of the airport cleaning machine market in North America.

Major Players in the Global Airport Cleaning Machine Market

The key players studied in the global airport cleaning machine market are Avidbots Corp. (Canada), Blastrac BV (Netherlands), Dulevo International (Italy), EHR Fahrzeugtechnik GmbH (Austria), Kaivac, Inc. (U.S.), Multihog Ltd. (Ireland), Nilfisk A/S (Denmark), Roots Multiclean LTD (India), SMETS TECHNOLOGY GmbH (Germany), and Tennant Company (U.S.).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of airport cleaning machines worldwide. Thus, the COVID-19 pandemic negatively affected the global airport cleaning machine market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of airport cleaning machines.

Recent Developments

• July 2022, Avidbots is proud to highlight the contribution of its autonomous floor scrubber, Neo, to top winners of the 2022 World Airport Awards. For the second consecutive year, Avidbots Neo supports custodial teams within the world’s best and cleanest airports.
• July 2022, Philadelphia International Airport (PHL) is deploying a Nilfisk robot floor scrubber to enhance cleaning and sanitising procedures across its terminals. The robot is currently being used as part of a pilot programme across PHL’s seven terminals. Following the trial period, PHL plans to dispatch the cleaning robot in Terminals A and B, the airport’s busiest terminals.

Frequently Asked Questions

Q1. How big is the airport cleaning machine market?

Ans. The global airport cleaning machine market size was US$ 2.7 billion in 2021 and is anticipated to reach US$ 4.4 billion in 2031, growing at a rate of 4.9% from 2022 to 2031.

Q2. What is the airport cleaning machine market growth rate?

Ans. The growth rate of the airport cleaning machine market is 4.9% from 2022 to 2031.

Q3. Which region holds a major market share for the airport cleaning machine market?

Ans. North America holds a major market share of the airport cleaning machine market in 2021.

Q4. Which segment accounted for the largest airport cleaning machine market share?

Ans. Based on type, it is segmented into truck-mounted and walk-behind. The walk-behind segment is expected to be the largest segment in the airport cleaning machine market in 2021.

Q5. Who are the key players in the airport cleaning machine market?

Ans. The global airport cleaning machine market report includes players such as Avidbots Corp. (Canada), Blastrac BV (Netherlands), Dulevo International (Italy), EHR Fahrzeugtechnik GmbH (Austria), Kaivac, Inc. (U.S.), Multihog Ltd. (Ireland), Nilfisk A/S (Denmark), Roots Multiclean LTD (India), SMETS TECHNOLOGY GmbH (Germany), and Tennant Company (U.S.).

Q6. What are the factors driving the airport cleaning machine market growth?

Ans. The major factor driving the growth of the market is enhanced sanitation program and procedure at airports.

Q7. What are the key growth strategies of airport cleaning machine market players?

Ans. The key growth strategies of airport cleaning machine market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the airport cleaning machine market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the airport cleaning machine market during the forecast period.

The global broaching tools market was valued at US$ 0.2 billion in 2021 and it is anticipated to grow up to US$ 0.2 billion by 2031, at a CAGR of 4.4% during the forecast period.

Broaching tools are used for sharpening the workpiece into a high-precision component. Broaching tools are made of steel and are available in a wide range of styles for different applications. These tools have multi-tooth designs for creating successive cuts over the workpiece at high speeds. The workpieces are made from metals such as aluminum, copper, steel, brass, bronze, graphite, and wood. Broaching can be of two types: internal broaching and external broaching. The internal broaching technique is used for sharpening the internal surfaces of the workpiece, while external broaching is used for sharpening the external surface of the workpiece.

Global Broaching Tools Market Scope and Report Structure

Market Drivers and Trends

The rising need for high-precision systems and fabricated metal products drives the broaching tools market. These machinery and tools are designed for manufacturing precise custom parts at high speed. They provide several benefits to end users, such as savings in power, cost savings, and high efficiency for high-precision mechanical systems. Using CNC broaching tools for key, gear, and metal cutting benefits manufacturers through energy savings and excellent precision. Electromechanical actuators are progressively replacing hydraulic drives owing to increased overall equipment efficiency by providing better quality products. In recent years, cutting tools such as broaching tools and CNC controls have flagged the way to eliminate hydraulics and replace these broaching tools in many applications.

The elevating demand for items made from fabricated metal and large industrial machinery and improvements in manufacturing techniques are further boosting the broaching tools market. The market for metal fabrication may be less prone to the extreme volatility of raw material prices than the construction or automotive sectors, allowing broaching tools market to expand steadily. The machine tool-cutting industry accounts for a significant share of metal manufacturing volume compared to the forming technology. Lathes, broaching, drilling, milling, and boring are among the key tools used in machine tool cutting.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of broaching tools and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of broaching tools are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce broaching tools based on specific requirements.

Global Broaching Tools Market Segmental Overview

The report analyses the global broaching tools market based on type, end user, and region.

Global Broaching Tools Market by Type

Based on type, it is segmented into internal broaches, external broaches, and special broaches. The internal broaches segment is expected to be the largest segment in the broaching tools market in 2021 owing to the increasing demand for vertical broaching machines. The internal broaching technique is widely used to produce precision components, such as automobile and machinery gears, firearm components, and fasteners. Due to above mentioned factors, the internal broaches segment is expected to hold a major market share in 2021.

Global Broaching Tools Market by End User

Based on end user, it is segmented into manufacturing, automotive, aerospace & defence, construction, and others. The automotive segment is expected to be the largest segment in the broaching tools market in 2021. Rising automotive production is driving the demand for broaching tools. In recent years, there has been an increase in demand for high-end automobiles, resulting in increased vehicle production, mainly in developed regions such as North America and Europe. Moreover, the demand for commercial vehicles and passenger cars, primarily in developing nations, is increasing. Broaching tools are widely utilized in the automotive sector to manufacture gears, transmission shafts, steering wheel hubs, steering yokes, and others. Thus, the automotive segment is expected to hold a major market share in 2021.

Geographical Analysis of Global Broaching Tools Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. Asian countries are contributing significantly to the overall broaching tools market growth. The automotive, manufacturing, and construction industries in the Asia Pacific receive significant investments owing to cheaper production and labor costs. Further, the growing demand for broaching tools is also attributed to the need for accurate engineering operations, transportation equipment, and industrial machinery manufacturing in the Asia Pacific. Thus, it propels the growth of the broaching tools market in Asia Pacific.

Major Players in the Global Broaching Tools Market

The key players studied in the global broaching tools market are Federal Broach & Machine Company (U.S.), General Broach Company (U.S.), Hoffmann Räumtechnik GmbH (Germany), MTE Industries Pvt. Ltd. (India), NACHI-FUJIKOSHI CORP. (Japan), Pilot Precision Products (U.S.), Stenhøj Hydraulik A/S (Denmark), Suntech Landriani Machine Tools Pvt Ltd. (India), The Ohio Broach & Machine Co. (U.S.), and YEOSHE HYDRAULICS GROUP (Taiwan).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of broaching tools worldwide. Thus, the COVID-19 pandemic negatively affected the global broaching tools market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of broaching tools.

Recent Developments

• March 2019, Suntech Landriani displays its Broaching Tools and Tools at IMTEX 2019. Suntech Landriani showcased its Broaching Tools and broaching tools. They displayed their state-of-the-art MEGA t6, 10 Ton x 1250 mm stroke, 3 station Table-up Broaching machine and the MEGA s7, 12 Ton x 1250 mm stroke, surface broaching machine.

Frequently Asked Questions

Q1. How big is the broaching tools market?

Ans. The global broaching tools market size was US$ 0.2 billion in 2021 and is anticipated to reach US$ 0.2 billion in 2031, growing at a rate of 4.4% from 2022 to 2031.

Q2. What is the broaching tools market growth rate?

Ans. The growth rate of the broaching tools market is 4.4% from 2022 to 2031.

Q3. Which region holds a major market share for the broaching tools market?

Ans. Asia Pacific holds a major market share of the broaching tools market in 2021.

Q4. Which segment accounted for the largest broaching tools market share?

Ans. Based on type, it is segmented into internal broaches, external broaches, and special broaches. The internal broaches segment is expected to be the largest segment in the broaching tools market in 2021.

Q5. Who are the key players in the broaching tools market?

Ans. The global broaching tools market report includes players such as Federal Broach & Machine Company (U.S.), General Broach Company (U.S.), Hoffmann Räumtechnik GmbH (Germany), MTE Industries Pvt. Ltd. (India), NACHI-FUJIKOSHI CORP. (Japan), Pilot Precision Products (U.S.), Stenhøj Hydraulik A/S (Denmark), Suntech Landriani Machine Tools Pvt Ltd. (India), The Ohio Broach & Machine Co. (U.S.), and YEOSHE HYDRAULICS GROUP (Taiwan).

Q6. What are the factors driving the broaching tools market growth?

Ans. The major factor driving the growth of the market is increasing need for high-precision systems and fabricated metal products.

Q7. What are the key growth strategies of broaching tools market players?

Ans. The key growth strategies of broaching tools market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the broaching tools market during the forecast period?

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

The global HVAC air duct market was valued at US$ 13.2 billion in 2021 and it is anticipated to grow up to US$ 19.3 billion by 2031, at a CAGR of 3.8% during the forecast period.

An air duct system consists of a pathway for conditioned air that is, cooled or heated by the ventilation, heating, and air conditioning system (HVAC). The air duct system consists of various components such as smoke & fire dampers, vibration isolators, volume control dampers, stack boots & heads, turning vanes, terminal units, plenums, and air terminals. The air ducts are mainly classified according to their use and requirement in various industries. The material used in air ducting used according to the requirement it can be Aluminium, Galvanized Steel, Polymers, Fiberglass, and Others. In addition, the shape of the air duct can be oval, rectangular, or round shape.

Air duct technology has its application in rapid transportation, airports, and an increase in adoption of construction equipped with air duct technology. The air ducting is adopted by government offices, hospitals, Multiplex, shopping malls, manufacturing units, and transportation systems. Some advantages of having air ducting are, it creates a clean living environment that reduces dust in the premises and maintains hygiene that reduces the efforts of cleaning the interior. In addition, air not only contains specks of dust but many other harmful micro-organisms and contaminants such as bacteria, mildew, pet dander, pollen, mold spores, and other toxins.

Global HVAC Air Duct Market Scope and Report Structure

Market Drivers and Trends

Rising inclination toward green building technology and increasing number of data centers are propelling the growth of the HVAC air duct market. Green buildings offer many economic or financial benefits, which are relevant to a range of different people or groups of people. With the rising adoption of green buildings in the country such as US, Canada, Germany, UK, China, and others, the demand for advanced HVAC systems is surging. Many residential and commercial sector architects and governments implement green buildings technology owing to its various benefits, such as greater energy efficiency, lower carbon footprints, and reduced impact on the environment. This factor is catalyzing the demand for HVAC systems, which is subsequently boosting the HVAC air ducts market growth. Moreover, the growing number of data centers across the world is propelling the demand for HVAC system and subsequently driving the HVAC air ducts market growth. Additionally, the growing application of Geothermal Heat Pumps (GHP) across residential and commercial buildings is providing lucrative opportunities for HVAC air ducts manufacturers. The technology is widely used for heating and cooling for premises, and its wide acceptance is expected to increase the demand for HVAC air ducts in the coming years.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of HVAC air ducts and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of HVAC air ducts are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce HVAC air ducts based on specific requirements.

Global HVAC Air Duct Market Segmental Overview

The report analyses the global HVAC air duct market based on product type, application, and region.

Global HVAC Air Duct Market by Product Type

Based on product type, it is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct boards, and others. The sheet metal ducts segment is expected to be the largest segment in the HVAC air duct market in 2021. The sheet metal ducts are rigid air ducts and are available in different sizes and shapes, such as rectangular and cylindrical. Sheet metal duct is rigid in structure which gives the advantage of less risk of kinks or bends. However, the rigidity makes it less suitable for tight or tricky spaces. Sheet metal ducts are made from either galvanized steel or aluminum. Mold resistant nature of the nonporous material used in sheet metal ducts is the prominent factor driving the market growth. Also, easy to clean smooth surfaces, durability, and lightweight are the leading factors propelling the market growth. The availability of advanced ductwork designing software and fabricated sheet metal as per requirement demand for sheet metal ducts is flourishing in commercial and residential sectors. Increasing demand for HVAC systems in the commercial industry is supporting the market growth. Due to above mentioned factors, the sheet metal ducts segment is expected to hold a major market share in 2021.

Global HVAC Air Duct Market by Application

Based on application, it is segmented into residential, commercial, and industrial. The residential segment is expected to be the largest segment in the HVAC air duct market in 2021. The residential sector is among the prominent arenas to adopt HVAC systems. The demand for residential air conditioning has been consistently surging over the years, and the trend is anticipated to continue in the coming years. This is foreseen to continue to support the growth of the HVAC air ducts market. Moreover, the construction of residential (both single-family homes and apartment buildings) showcases an upward trend in the US nations. The installation of HVAC in the residential sector is among the residents’ top priorities, and due to the rising construction activities, the demand for HVAC would surge. Thus, the residential segment is expected to hold a major market share in 2021.

Geographical Analysis of Global HVAC Air Duct Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. The Asia-Pacific HVAC air ducts market is growing due to growing industrialization, increase in disposable income of the consumers, rising demand for luxury products, and stringent government norms focusing on global warming are the factors that is expected to drive the growth of the segment. Growing construction sector in countries such as China and India, which are witnessing huge investments in the infrastructure sector, specifically for retail spaces, commercial office buildings, manufacturing facilities, metro rail lines, and expansion and construction of airports. This attribute increasing commercial construction projects along with expansion in the number of shopping complexes and retail stores will significantly fuel the demand for HVAC air ducts in the region. Thus, it propels the growth of the HVAC air duct market in Asia Pacific.

Major Players in the Global HVAC Air Duct Market

The key players studied in the global HVAC air duct market are AASTHA ENVIRO SYSTEM PVT. LTD. (India), AIR DUCT MANUFACTURING INC (U.S.), AIRCARE (India), AIRCARE SYSTEM AND SOLUTION INDIA PVT LTD. (India), Durkeesox (Wuhan)Air Dispersion System Co., LTD (China), Kaalflex Pvt. Ltd. (India), Kingkraft Sheetmetal (Australia), TEXAIR (Latvia), US Duct (U.S.), and V.K. STEEL (India).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of HVAC air ducts worldwide. Thus, the COVID-19 pandemic negatively affected the global HVAC air duct market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of HVAC air ducts.

Recent Developments

• April 2019, Durkee Annual distributor conference was successfully held in Shanghai on April 8th, 2019. Distributors from more than 20 countries and regions were invited to come back Durkee big family. Durkee focused on industry and adopted differentiated business and marketing strategies for different industry development stages from 2019. Meanwhile, Durkee actively support each distributor to develop core customer relationships in their local regions, thereby, this should lay a solid foundation for the acceleration of DURKEE internationalization so as to be one of the most professional and reliable fabric ductwork manufacturers.

Frequently Asked Questions

Q1. How big is the HVAC air duct market?

Ans. The global HVAC air duct market size was US$ 13.2 billion in 2021 and is anticipated to reach US$ 19.3 billion in 2031, growing at a rate of 3.8% from 2022 to 2031.

Q2. What is the HVAC air duct market growth rate?

Ans. The growth rate of the HVAC air duct market is 3.8% from 2022 to 2031.

Q3. Which region holds a major market share for the HVAC air duct market?

Ans. Asia Pacific holds a major market share of the HVAC air duct market in 2021.

Q4. Which segment accounted for the largest HVAC air duct market share?

Ans. Based on product type, it is segmented into sheet metal ducts, flexible non-metallic ducts, fiberglass duct boards, and others. The sheet metal ducts segment is expected to be the largest segment in the HVAC air duct market in 2021.

Q5. Who are the key players in the HVAC air duct market?

Ans. The global HVAC air duct market report includes players such as AASTHA ENVIRO SYSTEM PVT. LTD. (India), AIR DUCT MANUFACTURING INC (U.S.), AIRCARE (India), AIRCARE SYSTEM AND SOLUTION INDIA PVT LTD. (India), Durkeesox (Wuhan)Air Dispersion System Co., LTD (China), Kaalflex Pvt. Ltd. (India), Kingkraft Sheetmetal (Australia), TEXAIR (Latvia), US Duct (U.S.), and V.K. STEEL (India).

Q6. What are the factors driving the HVAC air duct market growth?

Ans. The major factor driving the growth of the market is surge in inclination toward green building technology and increasing number of data centers.

Q7. What are the key growth strategies of HVAC air duct market players?

Ans. The key growth strategies of HVAC air duct market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the HVAC air duct market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the HVAC air duct market during the forecast period.

The global bag filter market was valued at US$ 4.9 billion in 2021 and it is anticipated to grow up to US$ 7.6 billion by 2031, at a CAGR of 4.3% during the forecast period.

A bag filter is a dust collector and air pollution control equipment that filters particulates or gasses emitted into the air through industrial units. It is a preferred method of fabric media filtration widely used to collect the particulate matter from industrial material handling operations and exhaust gases from several industrial processes. Bag filters improve air pollution control systems’ operation, efficiently utilize energy, and allow for better thermal compatibility in refining, recycling, and recovery processes. Bag filters are frequently used in power plants, steel mills, pharmaceutical industries, food and beverages industries, chemical industries, industrial process water treatment plants, and wastewater treatment plants. Most industries keep a check on their emission levels. Most bag filters use woven or felted fabric long, cylindrical bags (or tubes) as their filter media.

Global Bag Filter Market Scope and Report Structure

Market Drivers and Trends

Air pollution is one of the most significant environmental dangers to people’s health worldwide. Industrial air emissions contribute the most to environmental pollution. Industrial manufacturers adopt stringent pollution control techniques to reduce the impact of industrial emissions and reduce the costs of damage to the environment and humans. A bag filter is an advanced technology that helps keep harmful emissions under control. The new WHO Global Air Quality Guidelines (AQGs) have demonstrated the harm that air pollution does to human health, even at lower concentrations than previously believed. By lowering levels of major air pollutants, some of which may also contribute to climate change, the guidelines suggest new air quality standards to protect people’s health. Stringent enforcement and close monitoring are required in industries to support pollution control measures and promote future improvements in the environmental performance of stationary coal combustion sources. For instance, the Clean Air Act (CAA) is the federal law overseeing air pollution in the US. The CAA approves regulatory programs, such as ambient air quality standards, to safeguard public health and welfare; it also takes special measures for areas that haven’t met those standards, operating permits for stationary sources of air pollution, control technologies for new sources of air pollution, and hazardous air pollutants control measures, among other programs.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of bag filter and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of bag filter are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce bag filter based on specific requirements.

Global Bag Filter Market Segmental Overview

The report analyses the global bag filter market based on filter type, end-use industry, and region.

Global Bag Filter Market by Filter Type

Based on filter type, it is segmented into shakers, reverse air, and pulse jet. The pulse jet segment is expected to be the largest segment in the bag filter market in 2021. The demand for improved operating efficiencies in the cement production, electricity generation, chemicals, and municipal garbage industries is propelling the pulse jet bag filter market growth. Due to above mentioned factors, the pulse jet segment is expected to hold a major market share in 2021.

Global Bag Filter Market by End-Use Industry

Based on end-use industry, it is segmented into chemical processing, food & beverage, pharmaceutical, paper & pulp, water treatment, and others. The food & beverage segment is expected to be the largest segment in the bag filter market in 2021. The bag filters provide an easy-to-use and efficient method of filtering liquid foods. It is dependable and adaptable enough to be employed in many filtration applications in the food processing industry. Thus, the food & beverage segment is expected to hold a major market share in 2021.

Geographical Analysis of Global Bag Filter Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The North America bag filter market is projected to grow due to strict environmental and safety standards. The United States is among the most polluting countries in North America. Furthermore, the United States and Canada are among the top worldwide polluters of particle pollutants. There are strict penalties and emission standards for heavily polluting industries such as cement and power, which are expected to aid the bag filter market growth in the region. Thus, it propels the growth of the bag filter market in North America.

Major Players in the Global Bag Filter Market

The key players studied in the global bag filter market are Aswathi Industries Limited (India), Babcock & Wilcox Enterprises, Inc. (U.S.), BWF Offermann, Waldenfels & Co. KG (Germany), Camfil (India), Donaldson Company, Inc. (India), Eaton Corporation plc (U.S.), Enoch’s Industries Pvt. Ltd. (India), Mitsubishi Heavy Industries, Ltd. (Japan), Parker Hannifin Corporation (U.S.), and Thermax Limited (India).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of bag filters worldwide. Thus, the COVID-19 pandemic negatively affected the global bag filter market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of bag filters.

Recent Developments

• April 2021, Babcock and Wilcox Enterprises, Inc. announced the acquisition of Fossil Power Systems, Inc., a renowned producer of natural gas, hydrogen, and renewable pulp and paper combustion equipment.
• June 2018, Eaton had expanded its high-performance and versatile filter bag offering with the new MAX-LOAD coreless filter bag. This new filter bag range offers an excellent dirt-holding capacity. It is suitable for high retention rating applications, such as water treatment, bulk, and fine chemicals filtration, or metal cleaning.

Frequently Asked Questions

Q1. How big is the bag filter market?

Ans. The global bag filter market size was US$ 4.9 billion in 2021 and is anticipated to reach US$ 7.6 billion in 2031, growing at a rate of 4.3% from 2022 to 2031.

Q2. What is the bag filter market growth rate?

Ans. The growth rate of the bag filter market is 4.3% from 2022 to 2031.

Q3. Which region holds a major market share for the bag filter market?

Ans. North America holds a major market share of the bag filter market in 2021.

Q4. Which segment accounted for the largest bag filter market share?

Ans. Based on filter type, it is segmented into shakers, reverse air, and pulse jet. The pulse jet segment is expected to be the largest segment in the bag filter market in 2021.

Q5. Who are the key players in the bag filter market?

Ans. The global bag filter market report includes players such as Aswathi Industries Limited (India), Babcock & Wilcox Enterprises, Inc. (U.S.), BWF Offermann, Waldenfels & Co. KG (Germany), Camfil (India), Donaldson Company, Inc. (India), Eaton Corporation plc (U.S.), Enoch’s Industries Pvt. Ltd. (India), Mitsubishi Heavy Industries, Ltd. (Japan), Parker Hannifin Corporation (U.S.), and Thermax Limited (India).

Q6. What are the factors driving the bag filter market growth?

Ans. The major factor driving the growth of the market is environment and safety regulations of governments to reduce air pollution.

Q7. What are the key growth strategies of bag filter market players?

Ans. The key growth strategies of bag filter market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the bag filter market during the forecast period?

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

The global air treatment market was valued at US$ 8.3 billion in 2021 and it is anticipated to grow up to US$ 12.2 billion by 2031, at a CAGR of 3.9% during the forecast period.

Air treatment market is expected to grow at a compound annual growth rate of 8.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on air treatment provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.

Air treatment is broadly used in ventilation, hot-air heating and air-conditioning systems for industrial and public buildings and also apartment houses, farm buildings and installations, means of transportation and spacecraft. Air treatment comprises the cleaning the harmful gaseous admixtures, odors, air of dust, and bacteria, heating, cooling, humidifying, and drying the air and adding oxygen and scented substances.

Global Air Treatment Market Scope and Report Structure

Market Drivers and Trends

Growing incidents of chronic health issues due to air pollution along with growing prospects in industrialization across the globe are the key factors fueling the market growth over the projected period. Air pollution is a major cause of morbidity and mortality worldwide. As per the Global Burden of Disease (GBD) study, fine particulate matter (PM2.5) caused 4.2 million deaths and 103.1 million disability-adjusted life years (DALYs). In addition, in 2019, ambient particulate matter pollution was ranked as the fourth-leading cause of the loss of years of life among people in China. Thus, such growing health issues is augmenting the market dynamics over the forecast period.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of air treatment and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of air treatment are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce air treatment based on specific requirements.

Global Air Treatment Market Segmental Overview

The report analyses the global air treatment market based on type, application, and region.

Global Air Treatment Market by Type

Based on type, it is segmented into dryers, industrial filters, specialty filters, and condensate management. The industrial filters segment is expected to be the largest segment in the air treatment market in 2021. The growth of the segment can be attributed to the increasing usage of industrial filters for air filtration and separation systems not only to protect equipment but also to make the work environment more sustainable. In addition, increasing customers at fast food restaurants and changing habits of having food outside the home among working class people and students are further bolstering the demand for air treatment market for the food service segment during the forecast period. Due to above mentioned factors, the industrial filters segment is expected to hold a major market share in 2021.

Global Air Treatment Market by Application

Based on application, it is segmented into general industry, food and beverage, pharmaceutical, oil and gas, chemical and petrochemical, and mining. The pharmaceutical segment is expected to be the largest segment in the air treatment market in 2021. The growth of the segment can be attributed to the rising demand for surface filtration, depth filtration, and ultrafiltration for the filtration systems. The most common impurities that need to be purified in the pharma industry are sediments, water corrodes, colloids, particulate matter, suspended matter, clay, and other particles. Membrane filters are generally used to help sterilize and deionize water that will later be used within the industry. The most common air filters used in the pharmaceutical industry are cartridge filters, HEPA filters, bag filters, basket filters, and panel filters, among other filters which is further propelling the growth of the segment. Thus, the pharmaceutical segment is expected to hold a major market share in 2021.

Geographical Analysis of Global Air Treatment Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The rising frequency of airborne diseases, combined with rising levels of air pollution in the North America, is expected to boost market growth throughout the forecast period. Development in regulations, technological advancements, and economic shifts have helped improve air quality in the US during the last few decades. According to the Environmental Protection Agency (EPA), the US has reduced air pollutants by 69% since the passage of the Clean Air Act in 1970. However, roughly 57 million people continue to live in locations where air pollution is harmful. Thus, it propels the growth of the Air Treatment market in North America.

Major Players in the Global Air Treatment Market

The key players studied in the global air treatment market are BEKO TECHNOLOGIES GMBH (Germany), Donaldson Company, Inc. (U.S.), Friulair S.r.l. (Italy), Hongrijia Depurate Facility Science＆Technology Co.,Ltd (China), Ingersoll Rand Inc. (U.S.), KAESER KOMPRESSOREN (Germany), Mikropor (Turkey), Omega Air d.o.o. Ljubljana (Slovenia), Orion Electronics LTD (Hungary), and SPX FLOW, Inc. (U.S.).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of air treatment machines worldwide. Thus, the COVID-19 pandemic negatively affected the global air treatment market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of air treatment machines.

Recent Developments

• December 2021, Donaldson Company, Inc. a leading worldwide provider of innovative filtration products and solutions acquired Solaris Biotechnology Srl, a manufacturer of bioprocessing equipment such as bioreactors, fermenters, and tangential flow filtration systems having applications in food and beverage, biotechnology, and other life sciences markets. This move is expected to increase the market share of Donaldson Company by capturing clients of other industries in which Solaris operates.
• December 2021, Ingersoll Rand Inc. completed the acquisition of the assets of Tuthill Corporation’s Pump Group in a transaction worth US$ 85 million. The employees and brands of the Pump Group are expected to join the Ingersoll Rand Precision and Science Technologies (PST) segment, which is projected to increase the expertise level of the company and expand its market presence.

Frequently Asked Questions

Q1. How big is the air treatment market?

Ans. The global air treatment market size was US$ 8.3 billion in 2021 and is anticipated to reach US$ 12.2 billion in 2031, growing at a rate of 3.9% from 2022 to 2031.

Q2. What is the air treatment market growth rate?

Ans. The growth rate of the air treatment market is 3.9% from 2022 to 2031.

Q3. Which region holds a major market share for the air treatment market?

Ans. North America holds a major market share of the air treatment market in 2021.

Q4. Which segment accounted for the largest air treatment market share?

Ans. Based on type, it is segmented into dryers, industrial filters, specialty filters, and condensate management. The industrial filters segment is expected to be the largest segment in the air treatment market in 2021.

Q5. Who are the key players in the air treatment market?

Ans. The global air treatment market report includes players such as BEKO TECHNOLOGIES GMBH (Germany), Donaldson Company, Inc. (U.S.), Friulair S.r.l. (Italy), Hongrijia Depurate Facility Science＆Technology Co.,Ltd (China), Ingersoll Rand Inc. (U.S.), KAESER KOMPRESSOREN (Germany), Mikropor (Turkey), Omega Air d.o.o. Ljubljana (Slovenia), Orion Electronics LTD (Hungary), and SPX FLOW, Inc. (U.S.).

Q6. What are the factors driving the air treatment market growth?

Ans. The major factor driving the growth of the market is rising incidents of chronic health issues due to air pollution along with growing prospects in industrialization globally.

Q7. What are the key growth strategies of air treatment market players?

Ans. The key growth strategies of air treatment market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the air treatment market during the forecast period?

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

The global broaching machines market was valued at US$ 0.8 billion in 2021 and it is anticipated to grow up to US$ 1.2 billion by 2031, at a CAGR of 4.0% during the forecast period.

A broaching machine is used to finish a surface by pulling or pushing a cutting tool called a brooch over the entire surface. The brooch has a series of cut teeth arranged side by side, with a gradual change in height from the first cut tooth to the last cut tooth. Broaching is especially useful for inner surfaces such as holes and internal gears, but it can also form external gears and planes. Broaching tools are usually hydraulically operated. Broaching tools are the simplest of all machine tools. The broaching tool consists of a broach device, a work holder, a drive mechanism, and an appropriate support frame.

Broaching machines perform several operations in the automotive, aerospace & defense, and metal industries, among other heavy industries. It is employed in manufacturing automotive and industrial components and subassembly parts such as gears, shafts, and splines. Broaching is one of the most effective and efficient metal removal techniques developed for heavy industries.

Global Broaching Machines Market Scope and Report Structure

Market Drivers and Trends

The rising need for high-precision systems and fabricated metal products drives the broaching machines market. These machinery and tools are designed for manufacturing precise custom parts at high speed. They provide several benefits to end users, such as savings in power, cost savings, and high efficiency for high-precision mechanical systems. Using CNC broaching machines for key, gear, and metal cutting benefits manufacturers through energy savings and excellent precision. Electromechanical actuators are progressively replacing hydraulic drives owing to increased overall equipment efficiency by providing better quality products. In recent years, cutting tools such as broaching machines and CNC controls have flagged the way to eliminate hydraulics and replace these broaching machines in many applications.

The elevating demand for items made from fabricated metal and large industrial machinery and improvements in manufacturing techniques are further boosting the broaching machines market. The market for metal fabrication may be less prone to the extreme volatility of raw material prices than the construction or automotive sectors, allowing broaching machines market to expand steadily. The machine tool-cutting industry accounts for a significant share of metal manufacturing volume compared to the forming technology. Lathes, broaching, drilling, milling, and boring are among the key tools used in machine tool cutting.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of broaching machines and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of broaching machines are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce broaching machines based on specific requirements.

Global Broaching Machines Market Segmental Overview

The report analyses the global broaching machines market based on type, end user, and region.

Global Broaching Machines Market by Type

Based on type, it is segmented into horizontal broaching machine, vertical broaching machine, surface broaching machine, and others. The surface broaching machine segment is expected to be the largest segment in the broaching machines market in 2021. The surface broaching process is fast and considered as more effective than milling. Surface broaching is easily adapted to high-speed or vertical broaching machines, which allows cutting concurrently in multiple dimensions and complex configurations. Surface broaching machines are used to eliminate materials from the surface of work pieces. Due to above mentioned factors, the surface broaching machine segment is expected to hold a major market share in 2021.

Global Broaching Machines Market by End User

Based on end user, it is segmented into automotive, metal fabrication, aerospace & defense, oil & gas, and others. The automotive segment is expected to be the largest segment in the broaching machines market in 2021. The market growth of this segment attributed to continuous flourishment of the automotive industry and rise in demand for passenger cars across the world. Thus, the automotive segment is expected to hold a major market share in 2021.

Geographical Analysis of Global Broaching Machines Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific market is expected to hold the majority of the market share in 2021. Asian countries are contributing significantly to the overall broaching machines market growth. The automotive, oil & gas, and railways industries in the Asia Pacific receive significant investments owing to cheaper production and labor costs. Further, the growing demand for broaching machine tools is also attributed to the need for accurate engineering operations, transportation equipment, and industrial machinery manufacturing in the Asia Pacific. Thus, it propels the growth of the broaching machines market in Asia Pacific.

Major Players in the Global Broaching Machines Market

The key players studied in the global broaching machines market are Federal Broach & Machine Company (U.S.), General Broach Company (U.S.), Hoffmann Räumtechnik GmbH (Germany), MTE Industries Pvt. Ltd. (India), NACHI-FUJIKOSHI CORP. (Japan), Pilot Precision Products (U.S.), Stenhøj Hydraulik A/S (Denmark), Suntech Landriani Machine Tools Pvt Ltd. (India), The Ohio Broach & Machine Co. (U.S.), and YEOSHE HYDRAULICS GROUP (Taiwan).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of broaching machines worldwide. Thus, the COVID-19 pandemic negatively affected the global broaching machines market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of broaching machines.

Recent Developments

• March 2019, Suntech Landriani displays its Broaching Machines and Tools at IMTEX 2019. Suntech Landriani showcased its broaching machines and broaching tools. They displayed their state-of-the-art MEGA t6, 10 Ton x 1250 mm stroke, 3 station Table-up Broaching machine and the MEGA s7, 12 Ton x 1250 mm stroke, surface broaching machine.

Frequently Asked Questions

Q1. How big is the broaching machines market?

Ans. The global broaching machines market size was US$ 0.8 billion in 2021 and is anticipated to reach US$ 1.2 billion in 2031, growing at a rate of 4.0% from 2022 to 2031.

Q2. What is the broaching machines market growth rate?

Ans. The growth rate of the broaching machines market is 4.0% from 2022 to 2031.

Q3. Which region holds a major market share for the broaching machines market?

Ans. Asia Pacific holds a major market share of the broaching machines market in 2021.

Q4. Which segment accounted for the largest broaching machines market share?

Ans. Based on type, it is segmented into horizontal broaching machine, vertical broaching machine, surface broaching machine, and others.

Q5. Who are the key players in the broaching machines market?

Ans. The global broaching machines market report includes players such as Federal Broach & Machine Company (U.S.), General Broach Company (U.S.), Hoffmann Räumtechnik GmbH (Germany), MTE Industries Pvt. Ltd. (India), NACHI-FUJIKOSHI CORP. (Japan), Pilot Precision Products (U.S.), Stenhøj Hydraulik A/S (Denmark), Suntech Landriani Machine Tools Pvt Ltd. (India), The Ohio Broach & Machine Co. (U.S.), and YEOSHE HYDRAULICS GROUP (Taiwan).

Q6. What are the factors driving the broaching machines market growth?

Ans. The major factor driving the growth of the market is increasing need for high-precision systems and fabricated metal products.

Q7. What are the key growth strategies of broaching machines market players?

Ans. The key growth strategies of broaching machines market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the broaching machines market during the forecast period?

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

The global mechanical pump market was valued at US$ 49.6 billion in 2021 and it is anticipated to grow up to US$ 82.0 billion by 2031, at a CAGR of 5.1% during the forecast period.

Mechanical pumps use mechanical devices such as pistons, claws, rolls, and diaphragms to create a vacuum by acting on the viscous properties of the exhausted gas or liquid. Mechanical vacuum pumps and their respective lubricants must be compatible with moving or containing fluids to prevent wear and corrosion and ensure safe and clean operation. Since most pumps pump different gases at different speeds, the type and consistency of the gas supply also affect the pump’s performance. These types of mechanical pumps are grouped by the technology or mechanism used.

Global Mechanical Pump Market Scope and Report Structure

Market Drivers and Trends

Currently, a majority of energy is being generated through conventional power plants, including coal-powered, gas-powered, nuclear, biogas-powered, and geothermal power plants. Water plays a key role in the electricity generation in these plants, as it is converted into steam to propel the turbines. Mechanical pumps are used for circulating water in these power plants. Owing to the increase in population, industrialization, and urbanization across the world, especially in Asia Pacific, the demand for energy is increasing at a high pace. As a result, several fossil fuel-powered power plants are being deployed across the world. For instance, in August 2021, China’s provincial governments approved the construction of 24 new coal power projects capable of generating 5.2 gigawatts (GW) of energy. In December 2020, the government OF South Korea stated its willingness to increase the LNG-based power capacity of the country by 43%, to raise it to 59.1 GW by 2034. In September 2021, the South African government announced its plan of a new 2,500-megawatt nuclear power plant to end the procurement process by 2024. In May 2021, the government of Australia announced to invest US$ 468 million in the development of a controversial gas-fired power plant. Moreover, power generation from the renewable sources of energy is in a nascent stage and is majorly being emphasized in North America and Europe. Thus, the growing demand for energy, consequently escalating power generation activities, is boosting the mechanical pumps market growth.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of mechanical pumps and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of mechanical pumps are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce mechanical pumps based on specific requirements.

Global Mechanical Pump Market Segmental Overview

The report analyses the global mechanical pump market based on pump type, stage type, application, end user, and region.

Global Mechanical Pump Market by Pump Type

Based on pump type, it is bifurcated into positive displacement and centrifugal displacement. The centrifugal displacement segment is expected to have the largest mechanical pump market share in 2021 because of increasing urbanization in emerging economies, coupled with growing demand for water treatment plants, are encouraging the adoption of centrifugal pumps in the market. A centrifugal Pump moves fluid by transferring rotational energy from one or more driving rotors. It converts the rotational energy of the fluid into energy in the moving fluid. These pumps are suitable for fluids with higher flow rates and lower viscosity. Therefore, centrifugal pumps are preferred over positive displacement pumps in chemical plants. These pumps are also widely used in HVAC, petroleum, mining, construction, manufacturing, agriculture, and power generation. Due to above mentioned factors, the centrifugal displacement segment is expected to receive the main market attraction resulting in market growth.

Global Mechanical Pump Market by Stage Type

Based on stage type, it is bifurcated into single pump and multi pump. The multi pump segment is expected to dominate the market during the forecast period owing to several reasons. Firstly, the single stage single suction centrifugal pump has a maximum head of only 125 meters. The multistage water pump can achieve more than 125 meters head. Secondly, single stage pump has only one impeller. The multistage pump has two or more impeller. From this, it can be observed that if user need to pump the liquid medium head above 125 meters, then both can meet the requirements. But if the head in 125 meters above, user can only choose a horizontal multistage pump. Due to these factors mentioned above, the multi pump segment is expected to dominate the market during the forecast period.

Global Mechanical Pump Market by Application

Based on application, it is segmented into fuel pump, water pump, slurry pump, and other fluid pumps. The slurry pump segment is expected to dominate the market during the forecast period. Slurry pumps can withstand extensive wear due to characteristics such as: a large impeller diameter, shafts, bearings, and internal passageways as well as heavy-duty construction. On an industrial level, slurry pump features generate higher upfront and operational costs compared to water pumps. However, only slurry pumps can hydro transport solid materials efficiently, and the long-term benefits outweigh initial costs. Due to these factors mentioned above, the slurry pump segment is expected to dominate the market during the forecast period.

Global Mechanical Pump Market by End User

Based on end user, it is segmented into construction, manufacturing, oil & gas, and others. The construction years segment is expected to be the largest segment in the mechanical pump market in 2021 because of the increase in the urban population, which is supported by the rise in living standards. Increase investment in commercial, infrastructure, and institutional development projects, including bus stations, airports, train stations, and educational facilities. In addition, the increase in commercial facilities like entertainment centers, cinemas, shopping malls, hospitals, sports fields, and office buildings continues to push the segment’s market growth. Thus, the construction segment will likely hold a major market share in 2021.

Geographical Analysis of Global Mechanical Pump Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region dominate the market during the forecast period owing to the several developing countries in the region, high industrial presence, and positive economic outlook. Growing urbanization and industrialization in the countries present abundant growth opportunities for mechanical pump market players. The increasing use of enhanced technologies, increasing adoption of the Industrial Internet of Things (IIoT) across various industrial facilities, and growing safety mandates in developing countries such as India, Japan, and China, are the factors that increase the market growth of mechanical pump market.

Note: Inner circle represents the market share for 2021 year and outer circle represents the market share for 2031 year.

Major Players in the Global Mechanical Pump Market

The key players studied in the global mechanical pump market are EBARA CORPORATION (Japan), Grundfos Holding A/S (India), KIRLOSKAR BROTHERS LIMITED (India), KSB SE & Co. KGaA (Germany), PumpWorks (U.S.), Sulzer Management Ltd. (Switzerland), T&T Pump Company Inc. (U.S.), The Weir Group PLC (UK), Tsurumi Manufacturing Co., Ltd. (Japan), and Xylem Inc. (U.S.).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of mechanical pumps worldwide. Thus, the COVID-19 pandemic negatively affected the global mechanical pump market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of mechanical pumps.

Recent Developments

• September 2022, KSB SE & Co KGaA had launched a new cyclone separator, the KSB HyCone, that protects mechanical seals in pumps. It has primarily been developed for use in large water pumps, where it removes solid particles from the flushing liquid that lubricates and cools the mechanical seals.
• June 2022, Sulzer had launched extended PLR slurry pump series. The PLR slurry pump range is designed to handle liquids with a high solids content. Its wide selection of high-quality construction materials ensures exceptional resistance against wear in all pumping applications for abrasive and corrosive liquids.

Frequently Asked Questions

Q1. How big is the mechanical pump market?

Ans. The global mechanical pump market size was US$ 49.6 billion in 2021 and is anticipated to reach US$ 82.0 billion in 2031, growing at a rate of 5.1% from 2022 to 2031.

Q2. What is the mechanical pump market growth rate?

Ans. The growth rate of the mechanical pump market is 5.1% from 2022 to 2031.

Q3. Which region holds a major market share for the mechanical pump market?

Ans. North America holds a major market share of the mechanical pump market in 2021.

Q4. Which segment accounted for the largest mechanical pump market share?

Ans. Based on pump type, it is bifurcated into positive displacement and centrifugal displacement. The centrifugal displacement segment is expected to have the largest mechanical pump market share in 2021.

Q5. Who are the key players in the mechanical pump market?

Ans. The global mechanical pump market report includes players such as EBARA CORPORATION (Japan), Grundfos Holding A/S (India), KIRLOSKAR BROTHERS LIMITED (India), KSB SE & Co. KGaA (Germany), PumpWorks (U.S.), Sulzer Management Ltd. (Switzerland), T&T Pump Company Inc. (U.S.), The Weir Group PLC (UK), Tsurumi Manufacturing Co., Ltd. (Japan), and Xylem Inc. (U.S.).

Q6. What are the factors driving the mechanical pump market growth?

Ans. The major factor driving the growth of the market is growing demand for energy.

Q7. What are the key growth strategies of mechanical pump market players?

Ans. The key growth strategies of mechanical pump market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the mechanical pump market during the forecast period?

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

The global band saw blades market was valued at US$ 1.1 billion in 2021 and it is anticipated to grow up to US$ 1.4 billion by 2031, at a CAGR of 2.5% during the forecast period.

Band saw blades are mainly used in the metalworking and woodworking industries but can cut various materials. The blades offer consistent cutting behavior with evenly distributed tooth loads and can cut irregular or curved shapes, such as jigsaws. Most band saws have two wheels that rotate in the same plane, one of which is powered but may have three or four wheels to distribute the load. Since the saw blade is offered in different sizes and tooth pitches (number of teeth per inch or TPI), the machine is extremely versatile. It can cut a variety of materials, including wood, metal, and plastic. Band saw works by contacting the workpiece that cuts the saw blade and passing the cutting teeth through the workpiece.

Global Band Saw Blades Market Scope and Report Structure

Market Drivers and Trends

Bi-metal band saw blades are made of two metals wherein steel is welded via an electron beam to a flexible backer. Growing demand for high-speed bi-metal band saw blades to ensure optimal blade performance bolsters the growth of the band saw blades market. Increasing applications of bi-metal band saw blades to cut carbon steel, tool steel, structural steel, stainless steel, pipe and tube, die steel, angles and flat stock, and mixed metal propel the demand for these blades among small to large manufacturers and fabricators. Such factors are anticipated to boost the demand for high-speed bi-metal band saw blades, which in turn will increase the global band saw blades market share.

Market Restraints and Challenges

The price of the power band saw blades is high, which acts as a restraining factor for the market’s growth. Conventional tools, such as augers and plungers, are used widely in household applications. These traditional tools have a low cost, but their usage is limited to small applications. Thus, the high price of band saw blades is anticipated to hinder the growth of the global band saw blades market.

Global Band Saw Blades Market Segmental Overview

The report analyses the global band saw blades market based on TPI, material, application, and region.

Global Band Saw Blades Market by TPI

Based on TPI, it is segmented into less than 3 TPI, 4 TPI to 6 TPI, and more than 7 TPI. The more than 7 TPI segment is expected to have the largest band saw blades market share in 2021. A blade with the right number of teeth per inch (TPI) is crucial for high cutting efficiency and low cost per cut. Therefore, TPI selection is the most important decision when selecting a band saw blade. Growing demand for the right shape and size of the band saw blades for metals and harder material workpiece that might not straddle the work and break teeth as well as reduce gullet overload and strip teeth is propelling the band saw blades market growth. Further, growing application of band saw blades in metal industry is boosting the segment growth. Due to this, the more than 7 TPI segment is expected to receive the main market attraction resulting in market growth.

Global Band Saw Blades Market by Material

Based on material, it is segmented into bi-metal, carbon steel, and others. The carbon steel segment is expected to dominate the market during the forecast period. Carbon steel band saw blades is observing a significant growth as material is a crucial factor while selecting the best solution for cutting a variety of ferrous and nonferrous materials. Due to the abovementioned factors, the carbon steel segment is expected to dominate the market during the forecast period.

Global Band Saw Blades Market by Application

Based on application, it is bifurcated into wood cutting and meat processing. The wood cutting segment is expected to be the largest segment in the band saw blades market in 2021. The wooden furniture market is dominating the furniture market in India. The demand for wooden furniture has increased manifold in India. India flourishes in the natural resources of several tree species, and the wooden furniture industry uses both indigenous wood and imported wood. India is one of the largest importers of timber in the world. Thus, the wood cutting segment will likely hold a major market share in 2021.

Geographical Analysis of Global Band Saw Blades Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. Growing demand for high-speed bi-metal band saw blades to ensure optimal blade performance bolsters the growth of the band saw blades market in North America. Increasing applications of bi-metal band saw blades to cut carbon steel, tool steel, structural steel, stainless steel, pipe and tube, die steel, angles and flat stock, and mixed metal propel the demand for these blades among small to large manufacturers and fabricators in North America. This, in turn, boosts the demand for band saw blades in the North America region.

Major Players in the Global Band Saw Blades Market

The key players studied in the global band saw blades market are BAHCO (SNA Europe) (Sweden), Dongbei Special Steel Group Co., Ltd (China), Friedrich Bickenbach GmbH & Co. KG (Germany), gi-ESSE SALVADOR srl (Italy), Hakansson Saws India Pvt. Ltd. (India), Kyocera Unimerco A/S (Denmark), LENOX (Stanley Black & Decker, Inc.) (US), NACHI-FUJIKOSHI CORP. (Japan), Starrett (US), and The Bandsaw Shop (UK).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in TPI demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of band saw blades worldwide. Thus, the COVID-19 pandemic negatively affected the global band saw blades market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of band saw blades.

Recent Developments

• June 2021, LENOX, an industry leader in band saw performance for more than a century, announced that The LENOX 360TM System is the newest invention to track bandsaw performance data. Due to its real-time data capture capabilities, this innovative technology is perfect for steel service centers and fabrication facilities since it enhances decision-making and maximizes efficiency.
• May 2021, BAHCO presented the new generation of BAHCO-exclusive bandsaw calculator. Every BAHCO user can access the new web-based BandCalcTM, which is responsive and multiplatform. Additionally, they upgraded it with additional features that improve the efficiency and effectiveness of bandsaw calculation.

Frequently Asked Questions

Q1. How big is the band saw blades market?

Ans. The global band saw blades market size was US$ 1.1 billion in 2021 and is anticipated to reach US$ 1.4 billion in 2031, growing at a rate of 2.5% from 2022 to 2031.

Q2. What is the band saw blades market growth rate?

Ans. The growth rate of the band saw blades market is 2.5% from 2022 to 2031.

Q3. Which region holds a major market share for the band saw blades market?

Ans. North America holds a major market share of the band saw blades market in 2021.

Q4. Which segment accounted for the largest band saw blades market share?

Ans. Based on application, it is bifurcated into wood cutting and meat processing. The wood cutting segment is expected to be the largest segment in the band saw blades market in 2021.

Q5. Who are the key players in the band saw blades market?

Ans. The global band saw blades market report includes players such as BAHCO (SNA Europe) (Sweden), Dongbei Special Steel Group Co., Ltd (China), Friedrich Bickenbach GmbH & Co. KG (Germany), gi-ESSE SALVADOR srl (Italy), Hakansson Saws India Pvt. Ltd. (India), Kyocera Unimerco A/S (Denmark), LENOX (Stanley Black & Decker, Inc.) (US), NACHI-FUJIKOSHI CORP. (Japan), Starrett (US), and The Bandsaw Shop (UK).

Q6. What are the factors driving the band saw blades market growth?

Ans. The major factor driving the growth of the market is growing demand for high-speed bi-metal band saw blades.

Q7. What are the key growth strategies of band saw blades market players?

Ans. The key growth strategies of band saw blades market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the band saw blades market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the band saw blades market during the forecast period.

The global drain cleaning equipment market was valued at US$ 1.7 billion in 2021 and it is anticipated to grow up to US$ 3.3 billion by 2031, at a CAGR of 7.0% during the forecast period.

Drain cleaning equipment is utilized to clean and look after water, wastewater, and sewer utilities. The channel cleaning framework is utilized to keep the seepage framework and funneling framework in the stream. Huge amounts of materials can hinder the framework. Consequently, a channel cleaning gear is utilized for cleaning and evacuating blockage. Various sorts of drain cleaning equipment, for example, sink machines, drum machines, sectional machines, rodder machines, water jetter machines, flexshaft machines, and funnel cleaning, are accessible in the market with assorted usefulness to clear the blockage. The global drain cleaning equipment market is anticipated to grow quickly during the estimated time frame attributed to the wastewater industry’s interest in channel cleaning gear. Drain cleaning hardware gear incorporates hand instruments just as force devices.

Global Drain Cleaning Equipment Market Scope and Report Structure

Market Drivers and Trends

Fast-growing emerging economies across the Asian and African regions continue to witness an unprecedented increase in investment in residential and commercial infrastructure development. Moreover, the emerging young adult population has further added to the growing demand for the construction of residential complexes across numerous developing cities and towns. Subsequently, propelling the need for efficient sewage and a drainage system is expected to be the driving factor for the drain cleaning equipment market during the coming years. Factors such as a surge in the construction of housing, commercial, retail, and hospitality units are the prime factors propelling its real estate market development. Consequently, the country is expected to attract numerous lucrative business opportunities to maintain and clean its robust drainage systems across its densely populated cities. Additionally, to support its growing infrastructure demand, the government of India has approved 100% foreign direct investments (FDIs) to develop its township and residential settlements-related infrastructure projects.

Market Restraints and Challenges

The price of the power drain cleaning equipment is high, which acts as a restraining factor for the market’s growth. Conventional tools, such as augers and plungers, are used widely in household applications. These traditional tools have a low cost, but their usage is limited to small applications. Whereas advanced drain cleaning power tools such as drum machines, sectional machines, sink machines, and water jetters are capable of a wide range of operating conditions and are simple in use, their adoption in a residential area is limited due to their high cost. However, renting out drain cleaning equipment is trendy these days. Thus, the high price of drain cleaning equipment is anticipated to hinder the growth of the global drain cleaning equipment market.

Global Drain Cleaning Equipment Market Segmental Overview

The report analyses the global drain cleaning equipment market based on product, power source, end user, and region.

Global Drain Cleaning Equipment Market by Product

Based on product, it is segmented into hand tool, sink machine, sectional machines, rodders, jetters, push rod camera, locating equipment, and flexible shaft machine. The locating equipment segment is expected to have the largest drain cleaning equipment market share in 2021. One key component of drain cleaning equipment is to locate a problem under a floor or underground from a remote, above-ground inspection point. This component is especially important if workers need to excavate to reach the problem. It helps them avoid guessing where to excavate and doing unnecessary digging or, even worse, damaging a buried cable. Due to multiple benefits, the locating equipment segment is expected to receive the main market attraction resulting in market growth.

Global Drain Cleaning Equipment Market by Power Source

Based on power source, it is segmented into hand operated, fuel powered, gas powered, and electric. The electric segment is expected to dominate the market during the forecast period. Electric drain cleaning equipment are the most popularly used drain cleaning equipment globally, as they are very handy to use and also helps in removing tougher clogs. Due to the abovementioned factors, the electric segment is expected to dominate the market during the forecast period.

Global Drain Cleaning Equipment Market by End User

Based on end user, it is bifurcated into professional and do it yourself. The professional segment is expected to be the largest segment in the drain cleaning equipment market in 2021. Professionals are the trained personals that provide the service of drain cleaning using these machines. Further, professional drain cleaning provides several benefits such as safe drain cleaning, effective drain cleaning, free of the mess and hassle, drain expert insight, and peace of mind. Thus, the professional segment will likely hold a major market share in 2021.

Geographical Analysis of Global Drain Cleaning Equipment Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. The growth of the North American drain cleaning equipment market is predominantly due to government financial backing for development and deployment. Furthermore, the US dominated the North American drain cleaning equipment market in 2020. The region is expected to attract a plethora of lucrative business opportunities to maintain and clean its robust drainage systems in various densely populated cities. The growing young adult population has exploded the demand for residential complexes in many developing cities and towns. The primary factors driving the development of the US real estate market are an upsurge in the construction of housing, commercial, retail, and hospitality units. This, in turn, boosts the demand for drain cleaning equipment in the North America region.

Major Players in the Global Drain Cleaning Equipment Market

The key players studied in the global drain cleaning equipment market are AUSSIE PUMPS (Australia), Duracable Manufacturing (US), Electric Eel Manufacturing (US), Emerson Electric Co. (US), Flowplant Group Ltd (UK), General Wire Spring Co. (US), Goodway Technologies Corporation (US), Gorlitz Sewer & Drain, Inc. (US), Nilfisk Ltd (UK), and SPARTAN TOOL, L.L.C. (US).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of drain cleaning equipment worldwide. Thus, the COVID-19 pandemic negatively affected the global drain cleaning equipment market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of drain cleaning equipment.

Recent Developments

• March 2022, Goodway Technologies announces the recent acquisition of Doman, SRL, a premier manufacturer of dry industrial steam cleaning systems for commercial and industrial applications. Dry steam cleaning systems are used worldwide to deliver powerful cleaning and sanitation performance across many commercial and industrial applications.
• November 2020, Aussie Pumps released the first Cobra drain cleaning jetter two decades ago, not knowing how it was going to impact the plumbing industry. Now, after years of product development and technological advancements, a range of high pressure jetters are on the market that are faster, safer and more efficient than conventional ‘eels’ or other electro-mechanical drain cleaning equipment.

Frequently Asked Questions

Q1. How big is the drain cleaning equipment market?

Ans. The global drain cleaning equipment market size was US$ 1.7 billion in 2021 and is anticipated to reach US$ 3.3 billion in 2031, growing at a rate of 7.0% from 2022 to 2031.

Q2. What is the drain cleaning equipment market growth rate?

Ans. The growth rate of the drain cleaning equipment market is 7.0% from 2022 to 2031.

Q3. Which region holds a major market share for the drain cleaning equipment market?

Ans. North America holds a major market share of the drain cleaning equipment market in 2021.

Q4. Which segment accounted for the largest drain cleaning equipment market share?

Ans. Based on product, it is segmented into hand tool, sink machine, sectional machines, rodders, jetters, push rod camera, locating equipment, and flexible shaft machine. The locating equipment segment is expected to have the largest drain cleaning equipment market share in 2021.

Q5. Who are the key players in the drain cleaning equipment market?

Ans. The global drain cleaning equipment market report includes players such as AUSSIE PUMPS (Australia), Duracable Manufacturing (US), Electric Eel Manufacturing (US), Emerson Electric Co. (US), Flowplant Group Ltd (UK), General Wire Spring Co. (US), Goodway Technologies Corporation (US), Gorlitz Sewer & Drain, Inc. (US), Nilfisk Ltd (UK), and SPARTAN TOOL, L.L.C. (US).

Q6. What are the factors driving the drain cleaning equipment market growth?

Ans. The major factor driving the growth of the market is growth in urbanization among developing economies.

Q7. What are the key growth strategies of drain cleaning equipment market players?

Ans. The key growth strategies of drain cleaning equipment market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the drain cleaning equipment market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the drain cleaning equipment market during the forecast period.

The global cold forming and cold heading market was valued at US$ 18.0 billion in 2021 and it is anticipated to grow up to US$ 31.0 billion by 2031, at a CAGR of 5.3% during the forecast period.

The process of forging metals at room temperature is referred to as cold forming. Metal wires are cut into small segments to form multiple die progression in a cold heading machine. Every step of the process imparts specific geometrical features to the design of the product being manufactured, such as automotive, industrial equipment, and medical equipment, that offers manufacturability and a long-term production life cycle. The cold forming process has zero processing scrap, which is one of the major reasons it is preferred over traditional metal machining.

A cold heading machine is mechanical equipment used to form net-shaped or near-net-shaped metal parts. This machine performs various steps to form a specific part from a metal wire or rod without adding heat. The process is carried out using a high-speed replicated series of hammers, die, and punches.

Global Cold Forming and Cold Heading Market Scope and Report Structure

Market Drivers and Trends

Heads and cold-forming machines have become advanced. For example, a machine currently manufactured with five or more dies. A function that enables the production of long parts and short parts. Adjustments change the timing of cutter blades, feed strokes, transfers, and kick-outs function. CNC control provides operators immediate access to production data. Quick change setup allows for both punch and die components. It can be setup and customized offline and requires minimum production time. A multi-station cutter that performs stationary and extruded cold-forming operations also significantly increases headline production rate and capacity. Increasing knowledge of metallurgy will allow heading and cold to form stronger material. Manufacturers of special alloys, such as carpenters, can control the analysis and production of varieties more accurately to meet them. With higher corrosion resistance, Starch on the headboard. It is now possible to have a specific AISI if good cold forming characteristics and consistent performance are desired. Grades are manufactured within controlled analytical limits to improve cold formability and secondary machining operations. In other cases, the analysis has been modified for cold working to manufacture a particular fastener draft economically. For instance, Sturdy tool steel extends the life of the upset die producer Alloys such as carpenters are versatile enough to handle manufacturing operations requiring head molding and machining. These factors are influencing the growth of the cold forming and cold heading market over the years.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of cold forming and cold heading and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of cold forming and cold heading are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce cold forming and cold heading based on specific requirements.

Global Cold Forming and Cold Heading Market Segmental Overview

The report analyses the global cold forming and cold heading market based on material, end user, and region.

Global Cold Forming and Cold Heading Market by Material

Based on material, it is segmented into aluminum, alloy steel, stainless steel, and others. The alloy steel segment is expected to be the largest segment in the cold forming and cold heading market in 2021 owing to multiple benefits such as high strength, hardenability, toughness, temp resistance, corrosion resistance, and greater end use safety margin. Due to such benefits mentioned above, the alloy steel segment is expected to hold a major market share in 2021.

Global Cold Forming and Cold Heading Market by End User

Based on end user, it is segmented into aerospace & defense, automotive, industrial equipment & machinery, and others. The automotive segment is expected to be the largest segment in the cold forming and cold heading market in 2021. The automobile industry is constantly growing. Therefore, the automobile industry widely uses parts molded by cold heading machines. A few main metals used for cold heading include copper-based (Cu) metal alloys, pure copper, brass, phosphor bronze, stainless steel, and aluminum. Headers manufactured by cold heading machines are terminals and pins used in various automotive control units, engine control units (ECUs), pressure sensors, and other in-vehicle sensors. Technological advancements, climate change-related policies, and changing consumer preferences are driving the demand for eco-friendly, fuel-efficient, and intelligent vehicles and innovations in electric and hybrid vehicles globally. Thus, the automotive segment will likely hold a major market share in 2021.

Geographical Analysis of Global Cold Forming and Cold Heading Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North America market is expected to hold the majority of the market share in 2021. North America continues to invest in innovation and development of advanced, energy-efficient, and environment-friendly vehicles. As a result, automakers in this region are investing in expanding production facilities, which is expected to increase the demand for cold forming and cold heading. Further, the increase in regional investment by manufacturers to set up production plants and research & development centers is further increasing the demand for cold forming and cold heading solutions. Thus, it propels the growth of the cold forming and cold heading market in North America.

Major Players in the Global Cold Forming and Cold Heading Market

The key players studied in the global cold forming and cold heading market are Altra Industrial Motion Corp. (US), BUCHANAN METAL FORMING, INC. (US), Cold Formed Products (UK), Cold Heading Company (US), Complex Cold Forming (UK), Deringer-Ney, Inc. (US), Fukui Byora Co., Ltd. (Japan), Kalyani Forge Ltd. (India), Stanley Black & Decker, Inc. (US), and Tengco, Inc. (US).

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of cold forming and cold heading worldwide. Thus, the COVID-19 pandemic negatively affected the global cold forming and cold heading market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of cold forming and cold heading.

Recent Developments

• January 2022, Altra Industrial Motion Corp. had announced that it had acquired Cleveland, Ohio-based Nook Industries LLC, a US-engineered linear motion industry leader. Nook is expected to generate approximately US$ 42 million in revenue in 2021. The transaction is anticipated to be cash accretive to Altra’s earnings in 2022, excluding any one-time or acquisition-related costs.
• March 2021, Deringer-Ney Inc. acquired Hoyt Corporation, a leading provider of electrical contacts, copper extrusions, and contact assemblies.

Frequently Asked Questions

Q1. How big is the cold forming and cold heading market?

Ans. The global cold forming and cold heading market size was US$ 18.0 billion in 2021 and is anticipated to reach US$ 31.0 billion in 2031, growing at a rate of 5.3% from 2022 to 2031.

Q2. What is the cold forming and cold heading market growth rate?

Ans. The growth rate of the cold forming and cold heading market is 5.3% from 2022 to 2031.

Q3. Which region holds a major market share for the cold forming and cold heading market?

Ans. North America holds a major market share of the cold forming and cold heading market in 2021.

Q4. Which segment accounted for the largest cold forming and cold heading market share?

Ans. Based on end user, it is segmented into aerospace & defense, automotive, industrial equipment & machinery, and others. The automotive segment is expected to be the largest segment in the cold forming and cold heading market in 2021.

Q5. Who are the key players in the cold forming and cold heading market?

Ans. The global cold forming and cold heading market report includes players such as Altra Industrial Motion Corp. (US), BUCHANAN METAL FORMING, INC. (US), Cold Formed Products (UK), Cold Heading Company (US), Complex Cold Forming (UK), Deringer-Ney, Inc. (US), Fukui Byora Co., Ltd. (Japan), Kalyani Forge Ltd. (India), Stanley Black & Decker, Inc. (US), and Tengco, Inc. (US).

Q6. What are the factors driving the cold forming and cold heading market growth?

Ans. The major factor driving the growth of the market is the advancements in cold forming and cold heading.

Q7. What are the key growth strategies of cold forming and cold heading market players?

Ans. The key growth strategies of cold forming and cold heading market players are product launch, partnerships, and government initiatives.

Q8. Which region will provide more business opportunities for the cold forming and cold heading market during the forecast period?

Ans. The Asia Pacific region will provide more business opportunities for the cold forming and cold heading market during the forecast period.