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Pumps Market to Record an Exponential CAGR by 2029

pumps market gearing up for the road ahead

Persistence Market Research (PMR) has published a new research study on the global pumps market in its latest report about the pumps market during 2014–2018 and forecast for 2019–2029. The global pumps market is anticipated to be prominently driven by ongoing infrastructure developments.

The production rate of pumps is increasing across the globe, which is backed by demand from countries in Asia Pacific, Latin America, and MEA. The global demand for pumps is directly correlated to infrastructure development activities worldwide. The global market for pumps witnessed significant growth in 2018, and is anticipated to reach a market value of US$ 40 Bn by 2019. In addition, growing investments in wastewater treatment and water supply activities, and rising urbanization in developing economies, such as China and India, are among factors influencing the global demand for pumps.

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Submersible centrifugal pumps continue to witness high demand in the Asia Pacific region. Submersible pumps with applications in water and wastewater treatment are increasing momentum in emerging economies. The growth of the pumps market can be attributed to their application in the oil & gas industries. This has led to the growth of the global pumps market in countries such as the U.S., India, China, South Korea, and Japan. The establishment of new plants for pumps and growing investments in emerging economies across Asia are estimated to improve the demand for pumps over the forecast period.

Pump Prices Remain Influenced by the Entry of Chinese Players

Increase in the number of pump manufacturers and the emergence of Chinese manufacturers as the main exporters of pumps has significantly decreased the prices of pumps in the market. Customers are more inclined toward low-cost pumps due to the high maintenance costs associated with various pumps. Furthermore, the evolution of internet-empowered informed consumers is anticipated to change the industry in two key ways: price transparency and online sales. Digital platforms give consumers quick access to pumps with prices offered by various suppliers. Moreover, they give the customer a perspective about the integrity of pump products.

Based on product type, the submersible centrifugal pumps segment is projected to remain significant on the basis of global value share, and reach a share of ~ 31% by the end of 2029. Based on the application of centrifugal pumps, the wastewater treatment segment is estimated to remain a major segment in the global pumps market, accounting for an expected value of more than US$ 14 Bn by the end of 2029.

In 2018, APAC was among the attractive regions in the pumps market, and accounted for ~ 38% of the global market share. Research and development in pumps for applications in the oil & gas, mining, and chemical industries is also anticipated to drive the demand for pumps in regions such as APAC, MEA, and Latin America.

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The growing demand for submersible pumps is projected to impact the leading manufacturers to initiate partnerships and joint ventures with regional distributors and suppliers to strengthen their businesses. 

  • KSB SE & Co. KGaA
  • Xylem Inc.
  • Ebara Corporation
  • Sulzer Ltd.
  • Kirloskar Brothers Ltd.
  • Flowserve Corporation
  • The Weir Group PLC
  • WILO SE
  • Grundfos
  • Ruhrpumpen Group

are some of the key players in the global pumps market. Manufacturers are channelizing efforts to increase their production and distribution units to cater to demand from the rising import and export of centrifugal and positive displacement pumps.

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Long-Term Outlook: On the basis of the market value, the global pumps market is estimated to register a CAGR of ~ 4.5% CAGR during the forecast period and create an absolute $ opportunity worth above US$ 20 Bn. During the forecast period, the adoption of pumps in the APAC and MEA regions is likely to be high, and these regions are expected to register CAGRs of ~ 5% and ~ 4.5%, respectively.

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Platform Screen Doors Market to Perceive Substantial Growth during 2029

platform screen doors market strategy

Persistence Market Research released a new market study on the platform screen doors market, which includes the global industry analysis 2014–2018 and forecast 2019–2029. The report studies the global platform screen doors market and offers an in-depth analysis for the next ten years. The report on the global platform screen doors market contains vital macroeconomic and forecast factors that are estimated to drive the growth of the global platform screen doors market. The report on the platform screen doors market also discusses restraints that are expected to hamper the global market, along with potential opportunities and latest trends in the market across the value chain.

The global platform screen doors market was valued at ~ US$ 600 Mn in 2014, and is expected to surpass US$ 800 Mn by the end of 2019. The platform screen doors market is expected to grow at a CAGR of ~ 7% between 2019 and 2029, and is estimated to reach a global value of ~ US$ 1,700 Mn by the end of 2029.

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New Metro Stations to Lead the Way in Platform Screen Doors Market

By product type, the global platform screen doors market is segmented into semi height, half height, and full height. Full height type platform screen doors are used only for underground metro train stations. However, semi height type platform screen doors can also be installed in underground metro train stations, however, they are not as efficient as full height type platform screen doors because they do not fully cover the station up to the ceiling. Moreover, for elevated metro train stations, half height type platform screen doors can enable passengers to enter the metro train.

By station type, the platform screen doors market is segmented into new metro stations and old metro train stations. The new metro train station segment is estimated dominate the global market owing to a rapid increase in the number of metro train projects across the globe. The inherent aim behind the installation of platform screen doors is to provide safety to passengers. To do this, the railway ministries of various countries are installing platform screen doors at old metro train stations. However, half height type platforms screen doors are mostly being installed in old metro stations as their cost is lower than full height and semi height type platforms screen doors.

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By platform type, the global platform screen doors market is segmented into one platform, two platform, and more than two platform. The two platform screen doors segment is projected to dominate throughout the forecast period. For these types of platforms, PMR has assumed that PSD doors are installed only on one side of platforms.

By region, the platform screen doors market has been segmented into seven regions, namely North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa. In these regions, East Asia and Europe are estimated to grow with a paramount share in the global platform screen doors market over the stipulated time period. However, North America and South Asia are also representing a healthy potential for the platform screen doors market owing to the rising cognizant of automated metro trains. Interestingly, platform screen doors are mainly used for automated metro trains.

Emerging Players to Account for 30% Revenue Shares

The global platform screen doors market is characterized as consolidated owing to the presence of a limited number of manufacturers of platform screen doors across the globe. For in-depth analysis, PMR has broken down the market structure up to three levels: Tier 1, Tier 2, and Tier 3. Here, emerging players are estimated to account for a 30% share in the global market and generate ~ US$ 200 Mn revenue through the sales of platform screen doors across the world. Moreover, leading players in the global market are adopting business expansion, acquisition, and collaboration strategies in a bid to capture a significant share of the global market.

In 2018, Knorr-Bremse AG acquired 100% know-how and intellectual property rights of rail vehicle systems from Federal-Mogul to develop and produce friction materials

In 2018, Singapore Technologies Engineering Ltd. established a new subsidiary dedicated to electronic components in China, to provide better local support for its metro rail and intelligent transportation projects

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Some of the key players identified across the value chain of the global platform screen doors market include:

  • Nabtesco Corporation
  • Nanjing Kangni Mechanical & Electrical Co., Ltd.
  • Zhuzhou CRRC Times Electric Co., Ltd.
  • Knorr-Bremse AG
  • Nippon Signal Co.,Ltd.
  • Kyosan Electric Manufacturing Co., Ltd.
  • Overhead Door Corporation
  • Westinghouse Air Brake Technologies Corp (Wabtec Corporation)
  • Samjung Tech Co.,Ltd.
  • Singapore Technologies Engineering Ltd
  • Schaltbau Holding AG
  • Shanghai Jiacheng Railway Transportation Safety System Co., Ltd.
  • Stanley Access Technologies LLC
  • Sai Synergy LLP
  • NRT Corp.

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Firewood Processors Market to Undertake Strapping Growth during 2029

pr image firewood processor market global industry analysis and forecast 2014 2029

Persistence Market Research (PMR) released a new market study on the firewood processor market, which includes the global industry analysis 2014–2018 and forecast 2019–2029. The report studies the global firewood processor market and offers a thorough analysis for the next ten years.

According to PMR, the firewood processor market is expected to grow at a CAGR of around 2% between 2019 and 2029, and is estimated to reach a global value of US$ 300 Mn by the end of 2029.

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Firewood Processor Market: Segment-wise Analysis

By product type, the global firewood processor market is segmented into portable and stationary. Most of the manufacturers of firewood processors prefer to manufacture portable type firewood processors as they come with an attached tire that can be used to conveniently move the processor from one place to another. Stationary type firewood processors are available in the global market, however, they have a lower market share as they are used on the basis of long-term contracts.

By drive type, the global market is segmented into four segments such as tractor hydraulics, electric motor, tractor PTO, and combustion engine. The tractor PTO segment is projected to dominate the global market throughout the forecast period, owing to its high capacity and use in long-term as well as short-term projects. Furthermore, the combustion engine segment is expected to be the second most opportunistic segment in the global market, as some of the end users use combustion engines to operate firewood processors. Moreover, several firewood processor manufacturers are providing three types of processors such as tractor-operated, electric motor-operated, and combustion engine-operated processors. According to the global study, electric motor-operated processors are considered to be the future of the firewood processor market in the upcoming years.

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By log diameter, the global market is categorized into less than 10 inch, 10 inch to 15 inch, and more than 15 inch. Less than 10 inch type firewood processors are expected to account for a very low share in the global market, despite the fact that several manufacturers are making 10 inch to 15 inch and more than 15 inch type firewood processors. Interestingly, the more than 15 inch segment is estimated to dominate throughout the forecast period. However, the 10 inch to 15 inch segment is projected to register substantial business opportunities over the upcoming decades.

By region, the global firewood processor market study was conducted in seven regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa. According to the primary correspondence, most of the trees in North America are in bend shape, due to which they require high-power firewood processors. Whereas in Africa, most of the trees are straight, due to which they can be easily cut.

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The global firewood processor market is characterized as fragmented owing to the presence of several players. Moreover, tier-2 players are estimated to account for a 70% share in the global firewood processor market. Most of these players are from Europe and North America. Besides, market leaders are adopting business expansion strategies in a bid to capture a significant share in the global market. Some of the key players in the global firewood processor market are :

  • CORD KING
  • HAKKI PILKE / MAASELÄN KONE OY
  • DYNA Products
  • YLISTARON TERÄSTAKOMO OY
  • TAJFUN Planina doo
  • RABAUD S.A.
  • Multitek North America LLC
  • Fuelwood (Warwick) Limited
  • Officine Costruzioni Meccaniche S.p.A.
  • Wallenstein Equipment Inc.
  • Hud-Son Forest Equipment
  • Halverson Wood Products
  • Wood-Mizer LLC
  • Agromaster Oy
  • Farmi Forest Corporation

Long-term Outlook: The global firewood processor market is projected to witness moderate growth in the upcoming years. The tractor PTO segment is expected to represent a significant opportunity for the manufacturers of firewood processors. However, the demand for firewood processors depends upon the season. For instance, the demand for firewood processors is high in winters. Furthermore, prominent manufacturers and small manufacturers are listing their products online with an intent to increase their share in the firewood processors market across the globe.

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Diamond Tools Market to Observe Strong Development by 2028

diamond tools market

Persistence Market Research has released a new market study, titled, ‘Diamond Tools Market: Global Industry Analysis 2013–2017 and Forecast 2018–2028‘, which studies the global diamond tools market, and offers deep-dive analysis for the next ten years. The report on the global diamond tools market estimates the key macroeconomic and forecast factors that are projected to drive the growth of the diamond tools market.

The global diamond tools market was valued at US$ 7,921.0 Mn in 2013, and this value is expected to go above US$ 10,000 Mn at the end of 2018. The diamond tools market is expected to grow at a CAGR of around 8.0% between 2018 and 2028, and is estimated to reach a global value of more than US$ 22,000 Mn by 2028 end.

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Diamond Tools Market: Segmental Analysis

By tool type, the global diamond tools market is segmented as abrasive type (finishing-based & lapping-based), drilling tools, cutting tools, sawing tools, milling tools, diamond dressers, diamond gauging fingers, and files. Among these segments, the abrasive type and milling tools segments are projected to grow at sizable value shares in the global market, owing to the rising demand for these tools from end-use industries. Moreover, abrasive type tools are prominently used in the construction industry; finishing diamond tools are used for floor finishing. As such, the increasing number of multistory buildings being built across the world is promising to lead to lucrative growth of the global diamond tools market.

By manufacturing method, the global diamond tools market is segmented into metal-bonded, resin-bonded, and electroplated. The metal-bonded segment is expected to grow at a prominent rate in the global diamond tools market over the slated time period, owing to its increasing application in floor finishing. However, the electroplated segment is also expected to represent significant opportunity for the diamond tools market, owing to the rising application of electroplated diamond tools for machining material that cannot be economically ground with metal- or resin-bonded diamond tools.

By end use, the global diamond tools market is segmented into automotive, construction (glass, stone, & ceramic), fabrication & general manufacturing, healthcare & pharmaceuticals, and aerospace & defense. Among these segments, the construction, automotive, and aerospace & defense segments are estimated to grow at noteworthy rates in the global diamond tools market over the forecast period. In the automotive sector, diamond tools are used to make internal engine galleries and engine block holes, among other. Therefore, increasing automotive vehicle production across the world is projected to surge the demand for diamond tools in the next couple of years.

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While, for aerospace, diamond tools are used to make wing tips, ducts and floor posts, among others, with CNC machines. Thus, for the safety and security of their nations, governments are outlaying significant money from their budgets in order to invest in research and development, which, in turn, is expected to boost the demand for diamond tools in the coming years. Moreover, diamond tools are also used in the healthcare industry to make accurate and lightweight medical equipment such as scissors, diamond-plated wheels, etc. As such, growth in these above mentioned industries is collectively expected to accelerate the sales of diamond tools across the globe over the stipulated time period.

By region, the global diamond tools study has been completed in six regions, namely, North America, Latin America, Europe, South Asia, East Asia, and the Middle East & Africa. The diamond tools market is directly dependent on the performance of the construction, stone processing, automotive, aerospace, and healthcare industries in respective regions. According to PMR’s deep dive study, the markets in Europe, Latin America, South Asia, and North America are projected to grow at significant growth rates in the global diamond tools market, as well as also account for healthy shares in the global diamond tools market.

The intensity of competition in the diamond tools market is low to medium. There are numerous players in the global market, which makes this market fragmented. However, 35%-40% of the market is held by tier-1 players. In addition, leading companies in the diamond tools market are focused on increasing the number of their sales offices as well as manufacturing plants in a bid to gain a significant foothold in the global diamond tools market.

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Some of the key players active in the global diamond tools market are 

  • Kyocera Unimerco A/S
  • Dellas S.p.A.
  • Shinhan Diamond
  • Sumitomo Electric Industries, Ltd.
  • Texas Diamond Tools, Inc.
  • HILTI Group
  • ALPHA DIAMOND TOOLS CO., LTD.
  • Shijiazhuang Kitsibo Tools Co., Ltd.
  • Sanwa Diamond Tools
  • Hunan Qiliang Abrasive Tools Co., Ltd.
  • Danyang Tianyi Diamond Tools Co., Ltd.
  • FUJIAN QUANZHOU JINLI DIAMOND CUTTING TOOLS CO., LTD
  • Monte-Bianco Diamond Applications Co., Ltd.
  • Compagnie de Saint-Gobain S.A.
  • Syntec Diamond Tools, Inc.
  • BELL IMPEX (Juhai)
  • G & G Surface Technology
  • Quanzhou JDK Diamond Tools Co., Ltd
  • Fujian Wanlong Group (Hong Kong) CO., LTD.
  • Quanzhou Huangchang diamond tools Co. Ltd.

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Coil Fed Punching Cutting Machines Market to Expand with Significant CAGR during 2029

coil fed punching and cutting machine market

Persistence Market Research’s new market research report titled, ‘Coil-fed Punching and Cutting Machine Market: Global Industry Analysis 2014–2018 and Market Forecast 2019–2029’, investigates the coil-fed punching and cutting machine market, and provides critical insights for the forecast period 2019 to 2029. As per the findings of the report, the global coil-fed punching and cutting machine market is projected to witness significant growth during the forecast period, owing to modular automation solutions in coil-fed punching and cutting machines. Apart from that, coil-fed punching and cutting machines answer the rising need for the reduction of scrap and high productivity, and notable opportunities in electronics and consumer goods applications.

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The global coil-fed punching and cutting machine market was pegged at US$ 66.1 Mn in the year 2018, and is expected to expand at a CAGR of 8.5% during the slated period of 2019 to 2029.

The demand for coil-fed punching and cutting machines has been driven by swelling investments in sectors such as automotive, consumer goods, and electronics. Further, the replacement of punching and cutting machines with coil-fed punching and cutting machines for reducing material loss is expected to drive the growth of the global coil-fed punching and cutting machine market. These driving factors are expected to be responsible for the significant growth of the coil-fed punching and cutting machine market during the forecast period.

East Asia, Latin America, and South Asia are Expected to Project Significant Growth Opportunities for Global Coil-fed Punching and Cutting Machine Market Players

The global coil-fed punching and cutting machine market is significantly led by a few multinational players, with the top 7 players accounting for more than four-fifth of the global market share. The manufacturers of coil-fed punching and cutting machines are mostly based in Italy, the US, China, Japan, and Germany. The global coil-fed punching and cutting machine market is a low volume high value market, and due to its high capital investment, the market has not grown as per the industrial potential.

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In the last 3 to 5 years, end users in developing economies have depended mostly on sheet metal punching and cutting machines. During the forecast period, it is expected that, the global coil-fed punching and cutting machine market will experience significant growth in installation in developing economies, due to factors such as reducing labor and raw material costs. The engagement of global players in the coil-fed punching and cutting machine market for expanding their manufacturing and production capacities in China, India, Brazil, Australia, and Mexico will drive the global market.

Growing Adoption of Coil-fed Laser Cutting Machines in the Asian Market Expected to Make This a Prominent Region in the Global Coil-fed Punching and Cutting Machine Market Over the Forecast Period

The global coil-fed punching and cutting machine market has been segmented on the basis of type, drive type, and end use, besides seven regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa.

  • On the basis of type, the laser cutting segment accounts for a prominent share in the global coil-fed punching and cutting machine market, and the adoption of combined or combo coil-fed punching and cutting machines will gain new installation orders during the forecast period.
  • Based on drive type, the servo electric-based coil-fed punching and cutting machine segment is projected to account for a large market share. Currently, most end users are looking for completely automated servo electric coil-fed punching and cutting machines to reduce their labor and operational costs.
  • Coil-fed punching and cutting machines find significant application in various end-use industries such as automotive, electronics, customer goods, etc. The electronics segment is estimated to be a prominent end-use segment in the coil-fed punching and cutting machine market.

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Coil-fed Punching and Cutting Machine Market: Vendor Insights

This report highlights some of the market players that are prominent and have established themselves as leaders in the global coil-fed punching and cutting machine market. Some of the examples of the key players in this market are:

  • DIMECO
  • Pivatic Oy
  • HACO
  • Dallan S.p.A.
  • DANOBAT GROUP
  • Wuxi Qingyuan Laser Technology Co., Ltd
  • Produtech s.r.l

among others. During the forecast period, modular automation, maximum productivity and 0% scrap generation, expanding investments in infrastructure projects, and setting up new production units in countries such as Brazil, India, Mexico, and China are expected to drive revenue growth of the global coil-fed punching and cutting machine market.

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Glycol Dehydration Unit Market Progresses for Huge Profits during 2028

glycol dehydration unit market

Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, ‘Glycol Dehydration Unit Market: Global Industry Analysis 2013–2017 and Forecast 2018–2028‘. Over the forecast years, the global glycol dehydration unit market is expected to show a positive outlook.

The market value is expected to increase at a healthy pace over the forecast period. Based on the glycol type segment, the triethylene glycol segment is expected to account for a lion’s share in the market, owing to the advantages associated with its utilization.

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The global glycol dehydration unit market exceeded the value of US$ 140 Mn in 2018, witnessing 3.6% Year-on-Year growth over 2017. North America, led by the US, is anticipated to account for the maximum number of glycol dehydration units installed. Europe is expected to account for a prominent share in the global glycol dehydration unit market over the forecast years.

Global Glycol Dehydration Unit Market: Dynamics

The rising demand for natural gas from various end-use industries across the globe is expected to be one of the key factors assisting the demand for glycol dehydration units. The growing adoption of gas instead of oil in multiple industries across the globe has become a trend. This can be attributed to the less harmful nature of gas to the environment as compared to oil. Hence, the development and establishment of new gas fields will remain the key agenda for various economies. With an increase in gas production activities, the demand for gas treatment technologies and equipment such as glycol dehydration units is also expected to grow.

However, the availability of alternative technologies pertaining to natural gas dehydration is one of the key challenging factors in the global glycol dehydration unit market. Some of the players in the gas dehydration technologies market are focusing on the development of alternative technologies, such as the membrane dehydration technique. For instance, Air Liquide’s PEEK-SepTM membrane technology has the capability to dehydrate natural gas at a low pressure.

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Technological advancements in glycol dehydration unit production technology combined with advancements in various end uses are expected to create opportunities for companies to serve multiple clients with better solutions. Long-term contracts and acquisition activities are found to be the key trends in the global glycol dehydration unit market.

Global Glycol Dehydration Unit Market: Forecast

As per market insights, among the glycol type segments, the triethylene glycol segment is expected to remain a prominent segment in the global dehydration unit market during the forecast period, owing to the various advantages associated with its utilization, such as it can be easily regenerated to a higher degree of purity, lower operating costs and vapor losses, etc.

Globally, Europe is anticipated to account for a prominent share in the global glycol dehydration unit market throughout the forecast years. The market in Africa is anticipated to grow at a significant CAGR in the global glycol dehydration unit market, owing to upcoming investments in countries such as Nigeria, Egypt, etc.

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Global Glycol Dehydration Unit Market: Competitive Landscape

Some of the market participants included in the report on the glycol dehydration unit market are

  • Exterran Corporation
  • Schlumberger Limited
  • Enerflex Ltd.
  • Pietro Fiorentinnin S.p.a.
  • QB Johnson Manufacturing, Inc.
  • Frames Group
  • Axens
  • KW International
  • Propak Systems Ltd.
  • Alco Group
  • Croft Production Systems, Inc.
  • Nihon Seiki Co. Ltd.
  • ALLIA France

Globally, the glycol dehydration unit market is found to be consolidated, owing to the presence of a small number of manufacturers across the globe. The top five players in the market across the globe are expected to account for more than 70% of the overall glycol dehydration unit market. Long-term supply contracts and acquisition activities are found to be the key strategies adopted by glycol dehydration unit manufacturers across the globe.

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Busbar Trunking Systems Market to Witness Exponential Growth by 2026

busbar trunking systems market

In a new research report on global busbar trunking systems market by Persistence Market Research, only low and medium voltage busbar trunking systems have been covered for in-depth analysis. It is expected that, the low voltage busbar trunking systems segment will drive the growth of the busbar trunking systems market, in terms of both, volume and value. The approximately US$ 5 billion market for busbar trunking systems is projected to grow at a healthy CAGR of 6.6% during 2018-2026, as indicated by the PMR report.

Increasing Demand for Zero Maintenance and Flexible Power Distribution Systems in the Industrial Automation Sector Favoring Market Growth

Industrial automation in all end-use sectors around the world is growing at a very healthy rate. Increasing awareness about the effective use of industrial automation solutions among consumers is forcing them to use these solutions so as to enhance productivity. Owing to the functional and flexible features, busbar trunking systems are getting traction in line operations and machinery lines in the industrial automation sector.

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A busbar trunking system increases energy efficiency and also enhances safety features, which reduces the chances of a short circuit. Along with these factors, busbar trunking systems are maintenance-free, which is expected to increase their demand in the industrial sector.

Busbar trunking systems are helping industries streamline automatic processes with minimum energy loss. End-use industries are trying to improve their automation capabilities, aiming to bring themselves up to global standards, due to the pressing need for improved productivity, quality, operational excellence, and to be up to six sigma standards in the production processes.

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Potential Reduction in the Short Circuit Instances Pushing Rate of Adoption

The possibility of miswiring is significantly eliminated through the replacement of standard cable harnesses with a busbar trunking system. Furthermore, the installation of a busbar trunking system is effective insurance as compared to the costly repair problems associated with wiring harnesses that have high failure rates.

Moreover, busbar trunking systems have high capacitance, which results in decreasing characteristic impedance, thus leading to greater effective noise elimination and signal suppression. These factors play a key role in increasing the sales of busbar trunking systems in end-use industries.

A busbar trunking system consists of an isolator and a circuit breaker. The defective section of the systems are easily removable from the circuit if any fault occurs, and then the circuit breaker trips off the system. Furthermore, the selection of a busbar trunking system is majorly dependent on various factors such as cost, flexibility, and reliability.

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Global Busbar Trunking Systems Market: Key Vendors in Competitive Landscape

Some of the key market participants reported in this study on the busbar trunking systems market are :

  • ABB
  • ALFA Technologies Pvt Ltd
  • Anord Mardix Inc.
  • C&S Electric
  • DAVIS
  • DBTS Industries Sdn Bhd
  • DKC Europe s.r.l.
  • DTM Elektroteknik A.S.
  • Dynamic Electrical Sdn Bhd
  • E+I Engineering (Powerbar)
  • EAE Elektrik
  • Eaton
  • Effibar
  • Energypac Power generation Ltd.
  • Entraco BKS
  • Furutec Electrical Sdn Bhd
  • Gersan Elektrik A.S.
  • Godrej Industries Ltd.
  • Graziadio
  • IBAR EMEA Ltd.
  • KYODO KY-TEC Corp
  • Larsen & Toubro Limited

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Waste Management Equipment Market to Record Sturdy Growth by 2028

image waste management equipment market

Persistence Market Research, in its latest report titled ‘Waste Management Equipment Market: Global Industry Analysis 2013–2017 and Forecast 2018–2028,’ offers key insights and analysis on the global waste management equipment market. The research study offers in-depth analysis and key insights for the waste management equipment market report for the forecast period (2018–2028).

Based on key analysis, the waste management equipment market is anticipated to experience significant demand over the forecast period due to the growing applications of municipal waste recycling and waste management equipment in major industries worldwide, coupled with the increase in construction waste recycling.  The global waste management equipment market is estimated to grow at a CAGR of 4.4% during the forecast period.

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Global Waste Management Equipment Market Dynamics

Growing environmental effects are making consumers inclined towards industrial waste recycling. Increasing awareness among consumers about the importance of reducing industrial waste is the primary driver for industrial waste recycling machines. A major part of the global waste in developed countries is generated by the industrial sector. The demand for industrial waste recycling machines around the globe is anticipated to grow at a rapid pace, owing to the anticipated increase in growth avenues for the global industrial waste management equipment market in the coming years.

Benefits related to scrap materials obtained from industrial waste recycling machines have further shifted manufacturer preference in favor of industrial waste recycling. Also, regulations imposed by governments to reduce landfills are resulting in an increase in waste management activities, thereby creating substantial demand sales for waste management equipment. However, the high cost of these equipment, coupled with growing concerns related to health risks from electronic waste, would hamper the demand for waste management equipment over the forecast period.

Global Waste Management Equipment Market: Segmentation Overview

  • Segmentation on the basis of form: The solid form segment is projected to lead the global waste management equipment market in terms of value, followed by the semi-solid type waste management equipment segment. In terms of growth rate, the solid form segment waste management equipment segment is expected to lead the segment with a CAGR of 4.2%
  • Segmentation on the basis of end use: The municipal waste recycling segment is projected to lead the waste management equipment market by end use, accounting for maximum demand on a global level. Municipal waste includes all the waste generated from household and commercial sectors

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Global Waste Management Equipment Market: Regional Overview

North America and Europe are expected to emerge as lucrative regions and major consumers of waste management equipment by the end of the forecast period. Germany and the U.S are prominent countries with significant demand for waste management equipment in North America and Europe.

The demand for waste management equipment in these regions is also primarily driven by stringent government rules for waste management. China is also anticipated to dominate the market share in terms of volume and value with the region shaping up as a new manufacturing hub.

The Middle East & Africa is projected to remain dominant over the forecast period, due to the growth of key end-use industries in the region.

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Global Waste Management Equipment Market: Vendors/Manufacturers

The waste management equipment market is largely fragmented, owing to a large number of local and established players. The report provides details of some of the key players in the global waste management equipment market, such as :

  • CP Manufacturing Inc.
  • Dover Corporation
  • Moritia Holdings Corporation
  • Tomra Systems ASA
  • Buhler AG
  • Maren Engineering Corporation
  • KK Balers Ltd.
  • McNeilus Truck & Manufacturing, Inc.
  • Heil – An Environmental Solutions Group Company
  • Blue Group
  • Kadant PAAL GmbH
  • Shred-Tech Corporation
  • Green Machine Sales LLC

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Welding Torch Market to See Incredible Growth during 2029

pr image welding torch market pmr

Persistence Market Research has released a new market study on the Welding Torch Market involves Global Industry Analysis 2014-2018 and Forecast 2019-2029. The global welding torch market in 2014 was valued at ~US$ 2.5 Bn and is projected to be valued at ~US$ 3.1 Bn by the end of 2019. The market for welding torch is anticipated to grow at a CAGR of ~6% between 2019 and 2029 and is projected to reach a global value of US$ 5.6 Bn by 2029 end. Additionally, the global welding torch market is estimated to create incremental $ opportunity of US$ 2.5 Bn over the forecast period.

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According to the analysis done in the report, the global welding torch market is anticipated to observe a remarkable growth owing to the features such as the increasing demand from end-use industries such as general fabrication, automotive, and transportation sector.

The increase in the production in divisions such as general fabrication, automotive, transportation, energy sector, shipyards and offshore, and yellow goods, among other industries have led to a significant increase in the demand for welding torches. Robotic welding torches integrate to increase the efficiency and production of any manufacturing and general fabrication operations. This automated process allows the operator to maintain weld integrity using electronic weld process for better weld quality with low labor costs and increased output. This defines the expected development of the global welding torch market throughout the forecast period of 2019-2029.

Robotic Welding Operations Gathering Pace

By product type, the global welding torch market is segmented into MIG/MAG welding, TIG welding, and plasma welding. MIG/MAG welding is attractive due to the high welding speed and provides opportunity for rational welding of materials, which are difficult to weld. However, TIG welding at the same time is a slow welding process but if done with the right procedure and technique, it produces the highest quality weld. It is mainly used for welding metals, critical weld joints, and small welds where ever possible. Plasma welding is used for welding thin sheet metals.

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On the basis of welding operation, the welding torch market is segmented into manual welding and robotic welding. Manual welding process consists of welding which is controlled manually with the equipment at the welding conditions. In the robotic welding automated programmable tools are used to automate the welding process. The robotic welding segment is expected to hold more than half of the market size owing to its increased output with less scrap and great efficiency.

By cooling type, the global welding torch market is segmented into water cooled and air-cooled. Repair industries and fabrication industries are more benefitted by water cooled systems, which can handle the heat of the application. By end use, the global welding torch market is segmented into automotive and transportation, shipyards and offshore, general fabrication, and energy and yellow goods. The general fabrication segment is anticipated to hold nearly one third of the market size owing to its various applications.

Welding Torch Market Competition Analysis

The global welding torch market is considered as fragmented owing to the presence of several local and regional players in the welding torch market across the globe. PMR has broken the market structure up to two levels for in-depth analysis that includes, tier 1 and tier 2. Emerging players are estimated for ~25% share in the global market. Moreover, business acquisitions, expansions, and collaboration strategies are being adopted by the key players in emerging markets.

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Some of the prominent industry players in the global welding torch market are:

  • Tokin Corporation
  • SKS Welding systems
  • The Lincoln Electric Company
  • Illinois Tool Works Inc.
  • ABICOR BINZEL USA, Inc.
  • EWM AG
  • Parweld Ltd
  • Panasonic Welding
  • Fronius International GmbH
  • Miller Electric Mfg. LLC
  • TBi Industries GmbH
  • Uniarc Limited
  • DINSE Inc
  • Sumig USA Corporation

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources.

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Acoustic Emission Based NDT Market set to record exponential growth by 2028

acoustic emission based ndt market

Persistence Market Research released a new market research on the acoustic emission-based NDT market, which covers the global industry forecast 2018–2028 and analysis 2013–2017. The report explore the global acoustic emission-based NDT market and provides in-depth analysis for the coming years from 2018 to 2028. The report on the global acoustic emission-based NDT market includes forecast factors and vital macroeconomic that are anticipated to fuel the growth of the global acoustic emission-based NDT market. The report on the acoustic emission-based NDT market also addresses restraints that are projected to hinder the growth of the market, along with the latest trends and potential opportunities in the market.

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The global acoustic emission-based NDT market was valued at ~ US$ 197 Mn in 2013, and is projected to generate a value of US$ 523 Mn by the end of 2019. The acoustic emission-based NDT market is anticipated to grow at a CAGR of ~ 7% between 2018 and 2028.

East Asia to Reach New Heights in Infrastructural Development

The development rate of countries in East Asia are increasing at a higher pace in social infrastructure. The importance of upgraded social infrastructure has been creating numerous opportunities for various industries. Hence, one of the significant global infrastructure projects “The Belt and Road Initiative (BRI)” that links China with rest of Asia, Europe, and Africa has participation of more than 29 international organizations.

The project involves construction of roads, bridges, and railway networks, which is expected to surge the demand for acoustic emission-based NDT. The acoustic emission-based NDT holds its significance from the quality check of raw materials to monitoring of structures even when in use. With the completion of this global project, the region of East Asia is anticipated to develop new opportunities, boost Chinese income and product consumption, and cultivate export markets.

The semiconductor manufacturing market players in these regions are estimated to invest in the development of piezoelectric devices with different range of frequencies for various applications. The trend of infrastructure outlook has developed key focus of companies in the acoustic emission-based NDT market.

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Emerging Players in the Acoustic Emission-based NDT Market to Account for ~ 20% Revenue Share

The global acoustic emission-based NDT market is defined as moderately consolidated, owing to the presence of a limited number of top service providers of acoustic emission-based NDT across the globe. For in-depth analysis, Persistence Market Research has broken down the market structure up to three levels: Tier 1, Tier 2, and Tier 3. Here, emerging players are estimated to account for ~ 20% share in the global market and generate ~ US$ 40 Mn revenue through sales of acoustic emission-based NDT across the world. Moreover, leading players in the global acoustic emission-based NDT market are incorporating acquisitions, collaboration strategies, and adopting the business expansion in a bid to capture a significant share in the global market.

In December 2018, MISTRAS acquired Novacap-backed onstream pipeline inspection services. The competitive advantages of onstream and its strong presence in the inline inspection provides a stout foundation within the midstream oil and gas market.

In 2018, Vallen-Systeme GmbH launched AMSY-6 with high performance USB 3 interface. It has an improved rate of data transfer that boosts the speed of acoustic emission testing.

In July 2019, Industrial Inspection & Analysis, Inc. acquired Advanced Technical Services NW, Inc. to broaden its service offerings to achieve the increasing demand for quality and service.

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Some of the key players identified across the value chain of the global acoustic emission-based NDT market include:

  • MISTRAS Group, Inc.
  • General Electric
  • KRN Services, Inc.
  • Score Atlanta
  • TÜV Rheinland
  • Parker Hannifin Ltd.
  • Vallen Systeme GmBH
  • Cygnus Instruments
  • Cybernetix
  • Arudra Engineers Pvt.Ltd.
  • SIEVERT – A Bureau Veritas group company
  • Beijing Softland Times Scientific & Technology Co. Ltd.

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Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources.

Contact Us
Persistence Market Research
U.S. Sales Office
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New York City, NY 10007
+1-646-568-7751
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