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Wednesday, March 10, 2021

Future Growth: Utility Pole Market by Key Driver, Challenges and Opportunities 2027

according to a new report published by research dive, the global utility pole market forecast will be $57,052.3 million by 2026, rising from $44,688.0 million in 2018, at a 3.0% cagr.

Utility pole market drivers: Increasing the utility poles usage in the electricity sector along with growing demands from telecommunication sector are significantly driving the utility pole market growth. In addition, energy distribution and energy transmission are fundamental applications of utility pole and they play a crucial role in energy network maintenance from energy generating stations to residential homes through sub stations. These factors are anticipated to enhance the growth of the market over future time.

On the other hand, upsurge in the alternative communication networks like underground channels is projected to hinder the market growth. Increase in the use of composites for utility poles is rapidly gaining adoption. Composite utility poles are gradually being used for transmission and distribution; these applications are anticipated to create opportunities in the global utility pole market. Moreover, steel material as a green utility pole material is generating attention as a substitute against other competitive utility poles; this is projected to drive the market growth in future.

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Transmission poles type is projected to account for $23,027.9 million and at a CAGR of 3.5% over forecast period, majorly owing to increase in the demands of utility poles for high voltage AC & DC systems. Distribution poles type generated the largest utility pole market size in 2018 and is projected to account for $34,024.4 million, at a CAGR of 2.8% over the forecast period. This growth is majorly due to a global rise in the energy demand, which will in turn growing the demand for the utility pole market in the coming years.

The composite poles market is anticipated to experience noteworthy growth over the forecast period and is projected to generate enormous growth opportunities in the global utility pole market. This growth is majorly attributed to composite poles having properties like low conductivity, resisting corrosion and water absorption. Composite utility pole market is projected to account for $1,554.7 million at a CAGR of 4.0% over projected time. Wood material held largest utility pole market share of 50.8% in 2018 and is projected to account for $28,069.7 million at a CAGR of 2.6% over projected timeframe. This is because of wood provides protection against current leakages and is also cost effective; these factors are anticipated to continue the market growth.

The above 70 ft pole size segment is anticipated to account for $19,832.6 million by the end of 2026, at a growth rate of 2.6%. This is due to increase in the demand of the poles above 70 ft size from wide power generation activities and to avoid contact from wildlife while power cables are being transported through forests. The between 40 feet and 70 feet segment has generated majority of the market share in 2018, and is projected to generate revenue of $23,648.2 million by 2026 at a 3.2% CAGR. This growth is attributed to extensive acceptance of these poles in end-use industries. The pole size between 40 ft and 70 ft size are used for both transmission and distribution applications.

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Telecommunication segment will experience significant growth and is projected to account for $5,077.7 million by 2026, growing at a rate of 4.3%, owing to the growing utilization of utility poles for communication purposes. Electricity transmission & distribution segment has accounted for evident market share in 2018. This upsurge in power requirement in the world is directly impacting the usage of utility poles. The government is also taking initiatives to deliver electricity to remote places, for example, the government of India has taken initiative to provide “100% village electrification” in the rural areas.

North America market is expected to grow at a faster rate over forecast period, due to the rise in the requirement of the electricity. The U.S. is the largest consumer of electricity. The market for North America is anticipated to register a revenue of $16,167.4 million by 2026, growing at a CAGR of 3.2%. The utility pole market is dominated by Asia-Pacific, and it is anticipated to continue its dominance over the forecast period. This dominance is attributed to the large population requiring heavy amount of electricity across the region. The market for Asia-Pacific is anticipated to account for $23,020.6 million, at a CAGR of 3.4%.

The major utility pole market players are KEC International, El Sewedy Electric Company, Skipper Ltd., Pelco products Inc., FUCHS Europoles GmbH., Hill & Smith Holdings Plc, Omega Factory, Stella-Jones, Ltd., RS Technologies Inc., Nippon Concrete Industries Co. and Valmont Industries Inc. The major participants are focusing on the R&D activities, new product developments and collaborations to increase their market size in the global utility pole market.

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Driving Innovation: Forklift Battery Market - Future Growth, & Forecast to 2027

Post COVID-19 Impact on Forklift Battery Market –

With the emergence of the COVID-19 crisis, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues. Research Dive’ group of skilled analysts provide a solution to help the companies to survive and sustain in this economic crisis. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts.

Our study helps to acquire the following:
• Long-term and short-term impact of Covid-19 on the market
• Cascading impact of Covid-19 on Forklift Battery Market, due to the impact on its extended ecosystem
• Understanding the market behavior Pre- and Post-COVID-19 pandemic
• Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity
• We’ll help you fight this crisis through our business intelligence solutions.

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Pre COVID-19 Analysis of Forklift Battery Market –

As per a study by Research Dive, the global Forklift Battery Market expected to be $7,191.9 million by 2026, increasing from $4,231.0 million in 2018 at a CAGR of 6.6%.

Increase in the use of forklift batteries in the automobile sector, along with emerging automotive companies, is anticipated to impel the growth of the forklift battery market. Moreover, growing disposable incomes coupled with urbanization and industrialization are attributed to driving demand for Forklift Battery market. In addition, the recent trends towards lightweight and highly efficient batteries in lower cost will boost the forklift battery penetration. On the other hand, uncertainty in costs of lead is projected to decline the forklift battery market growth. Forklift batteries (lead acid batteries) can be majorly used as scooter batteries, RV batteries and motorcycle batteries. Forklift batteries also can be preferable for home electrical storage needs. Some home storage needs include off grid energy solutions and solar power storage. Forklift batteries can be considered as a green, sustainable solution since lead acid battery is around 98% recyclable. forklift batteries can sustain a home appliance for many years at a low cost with a solar battery system; these factors are projected to create lucrative opportunities for the forklift battery market.

Lithium ion (Li-ion) segment shall generate a revenue of $1,348.5 million in 2026, increasing at a CAGR 7.0%; this is mainly due to key advantages of lithium ion battery such as efficient charging, longer life span and safer operations. In addition, this battery provides dramatic cost savings.

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Lead acid segment has dominant share in global forklift battery market; this segment will generate a revenue of $5,462.3 million by the end of 2026, at a CAGR of 6.5% till 2026. This segment has enormous opportunities due to the recent invention in the lead acid battery and subsequent advances. Market players are working on new developments that have a combination of new technology with the old ones.

Manufacturing segment has the highest market share and is projected to register a revenue of $2,066.2 million during the forecasted period, growing at a CAGR of 6.5%; this growth is because of improvements in manufacturing industries in developing and developed countries. Moreover, Forklift’s versatile features in manufacturing such as accurate and proper planning, correct forklift operation and work environment awareness is anticipated to drive the demand for forklifts and eventually impel the growth of forklift battery market.

Warehouse segment is the fastest moving segment and is expected to generate revenue of $1,711.7 million by the end of 2026, growing at a CAGR of 7.0 %, significantly owing to huge demand for warehousing forklifts and newly invented forklift batteries, increasing the efficiency of logistics. Moreover, rising the number of warehousing activities worldwide, owing to the constant growth of the retail sector is projected to boost the growth of forklift battery market.

Europe forklift battery market size will cross $1,553.5 million in 2026, increasing at a CAGR 7.0%. Europe forklift battery market is anticipated to increase at fast rate owing to heavy investments in R&D (research and developments), advancements in manufacturing and Warehouse Automation. Additionally, construction activities are consistently growing in Europe is one of the significant factors of the growing demand for forklift batteries in Europe region.

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Forklift Battery market share for Asia-Pacific region is projected to grow at a CAGR of 6.4% by generating a revenue of $2,704.2 million by 2026. Asia-Pacific region is projected to witness a significant market share owing to extensive growth in infrastructure spending, growing number of government projects such as airports, renewable energy and sudden surge in warehouses mainly in economies such as India and China.

Some of the significant forklift battery market players are East Penn Manufacturing Company, Crown Equipment Corporation, Microtex Energy Private Limited, EXIDE INDUSTRIES LTD., ENERSYS., Navitas System, LLC Corporate., Saft, Johnson Controls., Storage Battery Systems, LLC. and Southwest Battery Company These players are initiating various steps such as merger & acquisitions and new product development in order to strengthen their presence in the market. For example, EnerSys has expanded production capacity of forklift trucks batteries and automated guided vehicles.

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Industry Dynamics: Redox Flow Battery Market Revenue, Growth Rates, and Industry Challenges in 2020-2027

the redox flow battery market share is projected to rise at a cagr of 13.5% by generating a revenue of $390.9 million by 2026. in 2018, market size was $ 127.8 million.

Redox flow battery is an electrochemical storage device which helps to covert chemical energy to electrical energy. In a redox flow battery energy is stored in the liquid electrolyte solutions, which flows through a battery of electro chemical cells mainly used in charge and discharge. These batteries are meant to store electrical energy for long term stable operations with a low cost. These batteries operate at room temperature and there are lesser chances of ignition or explosion.

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These batteries are mostly used as backup for power supply with renewable sources. Increasing use of renewable sources will boost the redox flow battery market. In addition, urbanization and rise in the installation of telecom towers are projected to boost the market. Due to its longevity, these batteries are expected to have a longer life span of 40 years due to which most of the industries use this source for their backup power supply. These above mentioned factors are the major redox flow battery market drivers.

The complexity in the constructing of these batteries is one of the biggest constrains for the market. The battery requires sensors, power management, pumps, and flow to the secondary containment to operate which makes it more complicated. Moreover, due to the presence of more technical issues after the installation and the cost involved in the construction of redox is expected to hamper the redox flow battery market, research analyst says.

Depending on material, the redox flow battery industry is further segmented into Vanadium and Hybrid. Vanadium is expected to grow at a CAGR of 13.7% by generating a revenue of $325.6 million by 2026. Vanadium batteries have been widely accepted due to their suitability in storing energy. These batteries operate in full cycle and can even be operated in 0% energy using the earlier stored energy as the renewable energy. Vanadium allows to store the energy for longer time. These factors are projected to increase the usage of vanadium batteries in the market.

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Depending on application the market is further segmented into Utility Services, Renewable Energy Integration, UPS and Others. Utility service holds the largest market share of 52.96. Utility service market is predicted to grow at a CAGR of 13.5% by generating a revenue of $205.9 million in the forecast period. The utility services make the battery perfect by adding an extra or bigger electrolyte in the tank which increases the capacity in the flow batteries.

Depending on the region the market is segmented into North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific dominates the market share with 41.19% across the globe.

Increasing use and awareness of renewable resources in the region and the adoption of redox flow battery for multiple uses is projected to drive the market in this region.

Redox flow battery market size for Asia-Pacific is predicted to generate a revenue of $166.9 million by 2026 with a CAGR of 14.1%.

The major redox flow battery manufacturers are Reflow, ESS Inc, RedT energy PLC., Primus power, Vizn Energy system, Vionx Energy, Uni energy Technologies, VRB Energy, SCHMID Group and Sumitomo electric industries ltd., among others.

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Regional Outlook: Induction Motor Market by Key Vendors, Challenges and Opportunities 2027

according to a study conducted by research dive, the global induction motor market forecast size is expected to reach$31,627.5 million by the end of 2026, registering 12.1% cagr over the forecast period.

The cost of induction motor is very low this is majorly due to the absence of commutators, brushes and slip rings. In addition, induction motor can be operated in explosive ares where there are high chances of short circuits and polluted areas as these motor do not have brushes, which make them unique and cannot cause sparks. These factors are anticipated to drive the induction motor market during the forecast period.

The key factor hampering the growth of the induction motor market is the difficulty in controlling the speed of the induction motor. However, to control the speed in fine application consumers are preferring DC motor instead of induction motor.

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The global induction motor market wasdivided on the basis of type into single phase and three phase. Among these, the single-phase induction motor accounted for the highest market value and is projected to reach $16,688.9 million by 2026 growing at a CAGR of 11.8% during the forecast period. However, the three-phase induction motor is anticipated to boost the induction motor market during the forecast period accounting for $14,938.6 million in 2026 growing at a CAGR of 12.5%. This dominance is mainly as the demand for three-phase induction motor is rising majorly in automation and industrialization globally along with the growing dependability of three-phase induction motor when compared to single phase induction motor.

On the basis of application, the global induction motor market is categorized into commercial, residential, and industrial. Among these, the market for industrial segment is anticipated to boost the global induction motor market by 2026 accounting for $10,826.4 million; the growth is majorly due to the rising industrial sector across developing countries. In addition, the shift towards industrial automation, coupled with the rising consumer confidence & promising investment plans triggers demand for the induction motor in industrial application.

The global induction motor market has been classified regionally into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region held the largest market value in 2018 accounting for $3,802.8 million and is anticipated to reach $9,678.0 million by 2026, growing at a CAGR of 12.4% during the forecast period. Asia-Pacific region is anticipated to continue its dominance in terms of revenue during the projected time frame; this dominance is majorly due to the growing industrial sectors in this region, significantly in developing countries such as India, China, and South Korea. The market for North America region is anticipated to grow at a swift rate during the projected time frame. North America market is predicted to reach $9,259.7 million by 2026, growing at a CAGR of 12.7%.

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Top gaining participants of global induction motor market are Baldor Electric Company, Siemens AG, Schneider Electric SE, Emerson Electric Company, ABB Ltd, Regal Beloit Corporation, Kirloskar Electric Company, and Marathon Electric among others. These key participants are concentrating on product improvements, mergers & acquisitions, collaborations and new product launches to gain majority of the market share in the overall Induction Motor industry.

Porter’s Five Forces Analysis for Induction Motor Market:

1. Bargaining Power of Suppliers: The key players present in this market are very huge and the demand for the Induction motor is also high, and thus the supplier’s power is high.
The bargaining power of suppliers is High.

2. Bargaining Power of Consumers: The number of consumers is very high.
The bargaining power of consumers is High.

3. Threat of New Entrants: The threat for new entrants is medium, and the key factors that need to be considered are:
Lack of geographical presence of the key players in the developing and underdeveloped nations The initial investment to start a semiconductors company is moderate. The threat of new entrants is Medium.

4. Threat of Substitutes: There are no alternatives for Induction Motor, and thus the threat of substitute low.
The threat of substitutes is Low.

5. Competitive Rivalry in the Industry:
This market includes many market participants. These key players are following similar strategies for the improvement of technologies.
The competitive rivalry in the industry is High.

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Qualitative Analysis: Air Compressor Market - Future Growth, Verticals, Segmentation & Forecast to 2027

According to a study, global air compressor market by Research Dive, air compressor market forecast will surpass $ 41.13 Billion by 2026. Growing demand for environment- friendly compressors, along with rising popularity for portable compressors providing significant boost to air compressor market growth.

Air compressor is a mechanical device that compresses and pressurizes air to convert into usable power for various applications. Low maintenance, efficient operation at low cost, oil-free lubrication processes, rising popularity of portable energy efficient models are main factors driving the demand for air compressors market in the forecasted period. On the other hand, Stringent government regulations, regarding the greenhouse gases released by compressors and noise levels will hamper the growth of air compressor market.

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Portable Air Compressor Market Size in 2026:

Portable air compressor market will register revenue $11.92 Billion by the end of 2026, growing at a CAGR of 3.4% over the projected period. Its extensive usage in gas & oil exploration activities, mining and Construction industries due to the reason that the sites are always getting moved and portability of equipment is must, which will drive the growth of global Portable Air compressors market till the end of the projected period. The extensive use of stationery air compressor in home appliances, automobile and manufacturing will boost the stationery air compressor market size and this will cross $29,210 million by 2026, at CAGR more than 4.0%.

The market for Rotary type compressor will have the major share of the air compressor market. This is due to its superior properties like high efficiency, more power rating and decreases noise. It will reach upto $17.60 Billion by 2026, at a CAGR of 4.0% till 2026.

Oil free air compressor market will see a growth due to its use in F&B and healthcare solutions and it will register revenue of $28.3 Billion by 2026, at a CAGR of 3.6% till 2026. Oil filled compressors will have a good share due to its use in heavy industries like oil extraction, drilling, and mining and it will cross $12.83 Billion by 2026, at a CAGR of 4.3% till 2026.

Air compressor market for F&B sector will have the major growth in the forecasted period and it will reach upto $3.45 Billion by 2026, growing at a CAGR of 3.0% till 2026.

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Asia Pacific Air Compressor Market Size 2026:

The Asia Pacific’s air compressor market share will cross over $21,24 million by the end of 2026, growing at a CAGR of 3.5%. This is majorly due to the increasing industrialization in the developing economies such as China and India. LAMEA region is anticipated to witness major growth over the forecasted period due to rising availability of raw materials and labors along with increasing awareness towards environmentally friendly products. Europe and North America air compressor markets are projected to grow at a low rate due to end-use industry saturation.

Air Compressors Market players

Global air compressors market key participants are Atlas Copco, Elgi Equipments, Ingersoll-Rand, Siemens, Kobe steel, Oasis Manufacturing, Frank technologies, Bel Aire Compressors and Sullair many others. Players using updated technologies for their compressors will have good probability of having success in the rapidly blooming market.

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Monday, March 8, 2021

Driving Innovation: Airport Stands Equipment Market Is Projected to Grow at a Substantial Rate by 2027

according to a new report published by research dive, global airport stands equipment market forecast will be $1,732.5 million by 2026, rising from $1,128.9 million in 2018, and at 5.5% cagr.

Increase in the number of air passengers and demand for new aircrafts are the major airport stands equipment market drivers. The modernization of airports is projected to the market growth. Increasing the number of international travelers is expected to enforce the governments to upgrade and construct new airports in order to accommodate the passengers, these factors are anticipated to drive the growth of the market in the future time. However, skilled professionals are required for the handling and control of the airport stands equipment’s is projected to hamper the growth of the airport stands equipment industry. Upsurge in the number of brownfield and greenfield airport developments are projected to generate numerous investment opportunities in the market over coming years.

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Based on the product, preconditioned air (PCA) unit segment will witness a significant growth and is estimated to generate a revenue of $549.2 million and at a growth rate of 6.4% over projected time period. PCA units provide cooling and heating services to the aircrafts instead of aircrafts power units running on fuel is estimated to drive the market growth over forecast time. Boarding bridges type has generated highest airport stands equipment market size in 2018, and is projected to account for $689.5 million by 2026, at a 4.5% CAGR, due to the flexible operation of boarding bridges and the bridges are capable of boarding and loading of passengers and cargos.

Asia-Pacific market is anticipated to experience a notable growth, due to the presence of developing countries like India, Australia and China these countries play a major role in the growth of Asia-Pacific region. Furthermore, people are preferring air travelling in order to save time and rise in international transportations are projected to enhance the airport stands equipment market growth over projected time. The Asia-Pacific market is anticipated to account for $384.6 million, at a 7.2% CAGR during projected time. North America is accounted for highest airport stands equipment market size, owing to increasing the air passengers traffic, demand of new aircrafts and tourism industry.

Additionally, the existence of developed countries like U.S., Mexico and Canada with well-developed infrastructure are expected to drive the airport stands equipment market, due to this, the market for North America is projected to account for $563.1 million, increasing at a CAGR of 4.2% over projected timeframe.

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Cavotec SA, FMT Aircraft Gate Support Systems AB, Aero Specialties Inc., Textron Inc., ADELTE Group S.L. Airport Equipment, HDT Global, ShinMaywa Industries Ltd., JBT Corporation, and ThyssenKrupp AG are the some of the major key participants in the global airport stands equipment market. The key companies are concentrating on the partnerships, mergers & acquisitions and new product launches are some of major strategies. For example, in February 2019, new system launched by AERO Specialties, “AERO’s GPU 2400-315”, this system is aimed to deliver continuous power to the jet aircrafts.

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Industry Dynamics: Aerospace 3D Printing Market 2020 to Witness Excellent Long-Term Growth Outlook

3D part printing is a new technology that has come up with the prospect of transforming the way companies build new products, including defense and aerospace components. This revolutionary manufacturing process is referred to as 3D printing or additive manufacturing. Rising demand from the aerospace industry for technology capable of producing sophisticated aerospace and shorter supply chain period are key aspects that are likely to drive the aerospace 3D printing business.

However, the need for lightweight parts and components from the aerospace industry is expected to drive the 3D aerospace printing sector. A restricted range of 3D printing raw materials can impede the aerospace 3D printing market. Opportunities such as the introduction of new 3d printing technology needing less production time are projected to fuel the 3D aerospace printing market during the forecast period.

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Technologically advanced aircraft are extremely fuel-efficient due to the use of 3D engineered lightweight advanced materials such as engines, sections and the entire airframe, without losing aircraft power and aerodynamics. Content made with 3D printing technology has the potential to work at extreme temperatures. The content classification is expected to be market-driven. This element is likely to drive the 3D aerospace printing business. 3D printing as a business is also anticipated to improve the 3D aerospace printing market.

according to a study of the research dive, aerospace 3d printing market forecast shall cross $5,933.4 million by 2026, growing at a cagr of 26.8% during forecast period.

Aerospace 3D printing is primarily used to increase the efficiency of A&D supply chain, reduction of storage costs of inventory and waste production materials. Furthermore, the Aerospace 3D printing industry is focusing more on creating parts of aircraft that are lighter and stronger than parts made by using traditional manufacturing. Astonishing advantages of 3D printings in the supply chain of the aerospace and defense industry are projected to surge in the global market. In addition, the financial support provided by the government and non-government organizations across the globe is also driving the 3D printing in aerospace industry.

3D printed UAVs (Unmanned Aerial Systems) are capable of performing rescue operations and monitoring the situation; in which aircraft are capable of inspecting the crisis and reporting to mission control. In fact, NASA is more studying 3D Printing as a service (3DPaaS) for accelerated pre-prototyping. Through 3DPaaS, practitioners may receive alternate design, final product acceptance and peer review principles. Such major developments in aerospace 3D printing are expected to create lucrative opportunities for the global market.

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Booming air travel and a major increase in demand for top-selling aircraft, such as B787 and A320, are one of the key factors for aerospace 3D printing market growth. For example, as reported by the managing director of Etihad Aviation Training, Captain Paolo La Cava, air travel is rapidly increasing, as is the demand for aviation professionals and pilots.

Contrarily to this, the higher cost of the part is the main factor that will impede the Aerospace 3D Printing industry. In fact, 3D printing is not yet common in order to work with more products. Certain 3D printing products are not recyclable and food secure.

Aerospace 3D North America’s market share in printing is projected to increase by 26.2 per cent to CAGR by generating revenue of $2,284.3 million by 2026. Improvisation in the supply chain The increasing demand for lighter aircraft components is expected to boost demand for 3D printing in the aerospace industry. In turn, the US government’s financial support for R&D, along with recent technological advances in 3D printing, would boost the North American demand over the expected timeframe in the area.

Key Companies Profiled –

Some of the major market participants include: Ultimaker BV, 3D Systems, Inc., Arcam AB, ExOne., Höganäs AB, EOS GmbH, Materialise, Norsk Titanium US Inc., ENVISIONTEC, INC., Aerojet Rocketdyne. Market Players choose inorganic development approaches to extend to local markets. Established market leaders concentrate more on Merger & Acquisition and new product development. These are the common approaches adopted by existing organizations; for example, General Electric aims to produce 25.000 LEAP engine nozzles utilizing 3D printing.

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Regional Outlook: Mass Transfer Equipment Market Is Expected To Grow with a Healthy CAGR During 2020-2027

according to a study of research dive, global mass transfer equipment market forecast shall cross $4,777.1 million by 2026, growing at cagr of 7.6%.

Mass transfer is disciplines of the highest significance in technology, industry and research segment. Mass transfer equipment designs are frequently used in multiple applications such as aerospace, power generation and automotives. Mass transfer operations consist of techniques such as gas absorption and stripping, leaching, distillation, humidification, drying, and many other techniques. Mass transfer equipment has massive usage in food processing industries in multiple physical separations of components from solids or liquids for the recovery of valuable products. Mass transfer equipments are also used for removing undesirable components from food. These factors are projected to boost the demand for mass transfer equipment which, eventually supports to grow the global market. The latest software and skilled technical professionals in the field of mass transfer technology are expected to boost the growth of the global market. Furthermore, mass transfer equipment has a wide range of pilot and laboratory testing apparatuses along with the capability to perform processes such as absorption, distillation, reactive distillation, and hybrid separation. These equipment maximize the available efficiency and capacity of the plant, reducing the energy requirements for operations of the plant. Contrary to this, high costs of technologies, are projected to decline the growth of mass transfer equipment industry.

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The pharmaceutical manufacturing processes are generally performed in a batch-wise manner, which has multiple drawbacks. Hence, in recent years, market players have been opting for micro-process technology for pharmaceutical manufacturing which is more feasible and flexible. Such type of manufacturing consists of various mass transfer operations such as crushing, crystallization grinding, distillation, and drying, which results in a better quality product over a specific time. These mass transfer equipment market trends are projected to generate immense opportunities in the market.

Trays market shall register a revenue of $1,461.5 million by the end of 2026, growing at a CAGR of 7.2% during the forecast period. Affordable costs of trays and advancements in technology are projected to propel the growth of the global market. For example, sieve trays are massively accepted as a lower-cost mass transfer device consisting of smaller holes for higher vapor capacity. In addition, these advanced trays are significantly utilized as splitters in petrochemical and aromatic applications. These key factors are expected to spur the growth of the global market.

The global mass transfer equipment market for Chemical segment will generate a revenue of $1,088.4 million by 2026, growing at a CAGR of 8.5%, throughout the forecast period.

In the chemical industry, it is crucial to maintain standards of purity and quality without affecting the composition of chemicals. Therefore, mass transfer technology has a significant phenomenon for optimization and efficiency of chemical manufacturing plant. Mass transfer equipment have enormous applications in the operations of chemical industries like solvent leaching, evaporation, packaging, and dehydration. Thus, it is anticipated to make a significant impact on the global mass transfer equipment market growth.

The Asia-Pacefic mass transfer equipment market size will cross $1,137 million by 2026, increasing at a healthy CAGR of 8.1%.

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Gas-liquid mass transfer technology has a huge significance in the processes of wastewater treatment. Enhancements in the modeling of gas-liquid mass transfer can provide key advantages such as plant energy expenditure, reaction rates, greenhouse gas emissions, and acid-base equilibria. Numerous Asian countries face multiple water management challenges such as the groundwater scarcity, the higher costs for production of drinking water, limited re-use, collection and treatment of wastewater outside of urban areas. Thus, Asian economies like Malaysia and China are investing heavily in infrastructure and water efficiency technology to meet future demand and avoid a shortfall. In addition, highly advanced mass transfer technology offers noteworthy applications in oil and gas refinery. These aforementioned key factors are expected to make a positive impact on the growth of the Asia-Pacific market. Mass transfer equipment market share for the Europe region is expected to rise at a CAGR of 7.4% by generating a revenue of $1,375.9 million by 2026.

The major mass transfer equipment manufacturers are: Koch-Glitsch., Sulzer Ltd, Finepac Structures Pvt. Ltd., Beijing Zehua Chemical Engineering Co., Ltd., MTE Group., DtEC, Baretti, Munters Group, HAT International Ltd, Tianjin Univtech Co., Ltd. Players using updated technologies for their mass transfer equipment will have good probability of having success in the rapidly blooming market. For example, to strengthen the global footprint worldwide, Sulzer announced acquisition with GTC Technology US, LLC., on May 02, 2019.

To emphasize more on the competitive landscape analysis of established enterprises, the porter’s five force model is explained in the report.

Porter’s Five Forces Analysis for Mass Transfer Equipment Market:

• Bargaining Power of Suppliers: The mass transfer equipment market contains large, medium and small-scale suppliers. The switching costs from one supplier to other is estimated to be high, and the integration in the industry seems to be medium.
The bargaining power of suppliers is High.

• Bargaining Power of Consumers: In the mass transfer equipment market, the concentration of buyers is less. Other factors such as lack of technology or product, provides high bargaining power to the buyer.
The bargaining power of consumers is High.

• Threat of New Entrants: High initial investments are necessary to start new mass transfer equipment manufacturing venture. This factor for mass transfer equipment market is diversified.
The threat of new entrants is High.

• Threat of Substitutes: This market contains only a few small, medium and large-scale players, providing low switching costs for customers.
The threat of substitutes is Low.

• Competitive Rivalry in the Market: This market contains a multiple number of small, medium, and large companies. Several market players are following product differentiation, and alternative strategies among them, is creating a high competitive rivalry in the market.
The competitive rivalry in the industry is High.

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Future Growth: Circuit Breaker Market Anticipated for Progressive CAGR Growth During 2020-2027

as per study of research dive, circuit breaker market forecast revenue of $21.1 billion in the year 2026 growing at cagr of 6.9%.

With the rising number of renewable energy projects, superior protection technology is required to handle higher voltages; to handle these higher voltages, circuit breakers are widely used. Circuit breaker is identified as the key factor for improving the reliability of power plants. Moreover, circuit breakers protect electrical appliances such as generators and transformers against short circuits and overload. These above mentioned key drivers of circuit breaker industry are anticipated to upsurge the global market. In addition, adaptable installation and highest degree of flexibility, are expected to boost the growth of global market. In addition, rapid industrialization, coupled with increasing growth of construction activities across the globe, is anticipated to foster the growth of global circuit breakers market. Contrary to this, global legal regulation of greenhouse gas emissions and competitiveness in companies of unorganized sector will decline the growth of circuit breaker market.

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IOT circuit breaker is anticipated to drive the circuit breaker market growth; these breakers are also known as electronic device circuit breakers and they are of lower cost. The technical advantage of electronic breaker is their capability to protect critical load. Moreover, these circuit breakers are enormously used to protect DC lines. These key factors are projected to create lucrative opportunities for the growth of global circuit breaker market.

High-voltage circuit breaker market share is anticipated to grow at a CAGR 6.9% and it will register a revenue of $11.7 billion in 2026; this is mainly due to its major usage into utility applications. Rise in the need for high quality products, technical advancements of power system, major demand and large developments in the high voltage transmission systems are expected to drive the growth of high voltage circuit breaker.

Low voltage is the fastest moving segment and it will cross $6.3 billion during the forecasted period, increasing at a CAGR 7.2%. Upgradation of aging infrastructure for safe electrical distribution systems, expansion in urbanization & industrialization along with growing focus on renewable energy power are anticipated to boost the growth of global market.

Outdoor segment shall generate a revenue of $8.4 billion by the end of 2026, at a CAGR of 7.1% till 2026. This segment is the fastest growing segment since it provides space optimization, protection against extreme weather conditions, and lower cost maintenance. Indoor segment has the biggest share and it will generate a revenue of $12.8 billion by the end of 2026, at a CAGR of 6.8% till 2026.

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Circuit breaker market size of commercial segment will see enormous growth owing to, massive growth in economic development and construction activities worldwide. In addition, increasing population attributed to growing demand for upgradation of the new power infrastructure is also expected to foster the growth of circuit breaker market. This segment will cross $6.6 billion by the end of 2026, rising at a CAGR of 7.2%.

Residential segment is expected to generate a revenue of $6.9 billion by the end of 2026, growing at a CAGR of 6.7%; this is mainly due to constant growth in construction of residential places coupled with increasing population and economic development activities worldwide emerged as necessity for upgradation of new power sector; these factors are projected to drive the growth of global market.

North America Circuit Breaker market size will cross $5.6 billion in 2026, increasing at a CAGR of 7.6%. North America circuit breaker market is anticipated to increase at a fast rate owing to rising demand for distribution equipment and highly advanced transmission moreover, rising concern regarding short circuits because of power fluctuations.

Circuit breaker market share for Asia-Pacific region is projected to grow at a CAGR of 6.8% by generating a revenue of $8.0 billion by 2026. Enormously growing population increasing the demand for construction projects and developmental activities in the countries such as China, India and Japan is expected to drive the market. In addition, heavy investments in distribution infrastructure development and transmission are also projected to drive the growth of circuit breaker market.

Some of the significant Circuit Breaker market players are Mitsubishi Electric Corporation, GENERAL ELECTRIC, Toshiba Corporation., Eaton., CG Power and Industrial Solutions Limited, Schneider Electric, Siemens, Hitachi Industrial Equipment Systems Co. Ltd., ABB, Powell Industries. These players are initiating various steps in order strengthen their presence such as merger & acquisitions, new product development.

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