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Spiral Freezer Market Assessment and Key Insights Analysed from 2022 to 2032

The global spiral freezer market is expected to grow at a 4.6% CAGR during the forecast period, reaching a value of US$ 6,089.1 million by 2032. In 2022, the market is currently valued at US$ 3,884.2 million.

It allows you to freeze food in batches or individually. Because of the wide operating temperature range and high mechanical loads, the components of these systems must be extremely durable. Spiral freezers provide consistent cooling without compromising product quality. As a result, spiral freezers are less accessible and slightly more difficult to work with.

Because of the structural efficiency, it is simple to freeze and chill. The spiral freezer's construction is dependent on the specific installation, but they are a good option where floor space is limited because they utilise vertical space more effectively than other freezing systems that take up a lot of space.

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Regional Outlook

Regarding geography, spiral freezers market has been categorized into seven key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa.  The consumers’ trends are changing in the region which is influenced by the growing retailers generating the attractive and likewise innovative sale formats. The retailers’ now-a-days keeps first-hand knowledge on preferences and purchase habits of the consumers which they transmit to the upper stream of manufacturers in the supply chain.

This flow of generated information through retailers to the manufacturers call for the need of rapid cooling and refrigeration. Thus, the spiral freezer manufacturer has to strategize their business through consumer insights and responses, the regional shift in the eating habits and penetration of modernizing food products such as fast food, etc.

The most advanced refrigerated food processing lines are now faster and more enhanced, and are occasionally controlled by completely automated systems with almost no human supervision in field There is an increasing requirement for specialized systems and components to grant reliability, efficiency, fast maintenance, flexibility, productivity – key requisites for today’s deep-freezing technology.  Spiral freezers are cost efficient

The regional analysis includes:

North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia-Pacific (China, India, ASEAN, Australia & New Zealand) Japan The Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Spiral freezer Market: Key Players

The prominent players in the market are:

GEA Refrigeration Technologies Toban Engineering UK Limited IJ White RMF Steel

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

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Key Segments in The Spiral Freezer Market

By Type:

Small Capacity Medium Capacity Large Capacity

By Application:

Meat Processing Seafood & Fish Bakery Products Others

By Region:

North America Latin America Asia Pacific MEA Europe

Sirens Market Comprehensive Shares, Historical Trends & Forecast 2022 to 2032

The Sirens Market is expected to be worth US$ 170.1 million in 2022. The sirens market is expected to grow at a CAGR of 3.7 percent by 2032, reaching a value of US$ 244.0 million.

The use of sirens, whether for announcements or on emergency vehicles such as ambulances, police cars, and fire trucks, is expected to increase. A siren is an audible alarm that alerts people to potentially hazardous situations as they develop.

Rapidly rising threats and accidents have resulted in an increase in casualties as well as lost business opportunities in developing economies. Demand for sirens is expected to rise during the forecast period as more people use security solutions.

As a result of rising threats and accidents in developing economies, the number of victims and lost business opportunities has rapidly increased. Adopting security solutions, such as sirens, is an effective way to deal with these challenges. Long-range sirens are used in mining and industrial applications, whereas motorised sirens are used in home security. Hand-operated sirens are used when there is no power or when a backup is required.

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Some additional features of sirens include a solar panel upgrade system to keep the batteries charged and a number of digital communication methods, including Ethernet, satellite, IP, fiber optic and others. Sirens have conformal coatings on their electronics, which help protect them against harsh environments. Some of the systems are made in such a way that they can be expanded or scaled depending on future capabilities.

Omni-directional sirens can be used in areas of high noise levels and those with large population densities as they provide a greater area of coverage. Sirens have external controls with triggers, which can be customized according to needs. The lightening types of sirens include bulb revolving, LED flashing and xenon lamp strobe. The loud speakers in sirens are adopted from latest piezoelectric ceramic technology.

Other sirens are hydraulic or air driven and mostly find applications in plants and factories. Lithium batteries have replaced alkaline batteries in sirens now, since lithium batteries need not be replaced for several years. Modern sirens use latest technologies and find applications in civil defense, emergency vehicles, security systems and others. Typically, sirens are made of stainless steel, aluminum or UV stabilized polycarbonate to avoid corrosion and are equipped with protection cages. An LED flashing siren has a light source with a semi-permanent lifespan and it is used in places where bulb replacement is a problem.

Market Participants

Some of the key market participants identified in the global siren market are Acoustic Technology Inc., Sentry Siren Inc., MA Safety Signal Co. Ltd, Whelen Engineering Co. Inc., Federal Signal Corporation, B & M Siren Manufacturing Co., Projects Unlimited Inc., Phoenix Contact, Mallory Sonalert Products and Qlight USA Inc.

Rising population and rapid urbanization have led to an increase in demand for security solutions. The need for implementation of security has paved way for the use of electronic equipment on a large scale globally, which in turn has created opportunities for the global sirens market. As these products are durable with a high voltage capacity and easy to install, they find high selling propositions. Characteristics and properties of electronic and pneumatic equipment play a vital role in security solutions, thereby driving the global sirens market with a rise in diverse end-user applications, such as industrial warning systems, community warning systems, campus alert systems and military mass warning systems.

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Report Highlights:

Detailed overview of parent market Changing market dynamics in the industry In-depth Polishing / Lapping Film market segmentation Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape Strategies of key players and products offered Potential and niche segments, geographical regions exhibiting promising growth A neutral perspective on market performance Must-have information for market players to sustain and enhance their market footprint.

Food Holding Equipment Market: Global Analysis, Size, Share, Growth, Trends & Forecast 2023 to 2033

According to a recent report published by FMI, the global food holding equipment market is expected to grow at a CAGR of 4.1% in the evaluation period (2023-2033). The food holding equipment market is projected to reach a valuation of US$ 5,679.2 Million by the end of 2033 from US$ 3,800 Million in 2023.

A commercial kitchen's performance is based on a large number of variables, but keeping advanced food equipment is paramount. Commercial holding equipment is used in full-service and quick-service restaurants to keep food at the ideal serving temperature and preserve its freshness. Over the past two decades, the restaurant industry has continually grown, thereby creating new opportunities for leading players in the commercial food holding equipment market.

Expanding restaurant industry and rising number of supermarkets & delis around the world are projected to boost the global food holding equipment market in the next ten years. Digital innovations are expected to be a significant revenue and consumer retention driver in the assessment period.

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Apart from that, customer loyalty programs launched by restaurants would allow them to enhance and personalize their interactions with customers. They can easily gain access to the information by utilizing point-of-sale orders, as well as online and mobile ordering. Integration of this crucial data would further help cafes & restaurants to generate customized rewards based on their ordering habits in addition to promotions and discounts.

Key Takeaways from the Food Holding Equipment Market Study:

During the historical period from 2018 to 2022, the global food holding equipment market witnessed steady growth at a CAGR of 2%. The U.S. food holding equipment market is estimated to be worth US$ 681.0 Million and account for nearly 56% of the North America market during the evaluation period. The U.K. is expected to be valued at nearly US$ 491.0 Million and account for 34% of the Europe food holding equipment market share in the forecast period. China is set to be worth over US$ 313,5 Million and account for 33% of the Asia Pacific food holding equipment market share in the assessment period. The food holding equipment market is expected to rise at a CAGR 1% in the forecast period.

“Rising number of independent quick service restaurants in both developed and developing countries is expected to push the global food holding equipment market during the assessment period. Besides, growing trend of delivering sophisticated facilities, dining out, and less spending of time by consumers on cooking at home are anticipated to augur well for the global market,” says a lead analyst at Future Market Insights.

Competitive Landscape: Food Holding Equipment Market

Some of the key players in the global food holding equipment market are Dover Corporation, Welbilt Inc. (Manitowoc Foodservice, Inc.), Illinois Tool Works Inc., Hatco Corporation, and Victor Manufacturing Ltd.

North America currently holds the largest market share, and this region is expected to continue to expand during the projection period. This can mainly be attributed to the region's growing population and rising disposable income levels. Furthermore, the North America food holding equipment market is expected to increase in the next ten years due to the presence of a favorable legal and regulatory environment.

Get Valuable Insights into Food Holding Equipment Market

FMI, in its new offering, provides an unbiased analysis of the food holding equipment market presenting historical demand data (2018-2022) and forecast statistics for the period from (2023-2033). The study divulges compelling insights on the demand for food holding equipment market based on (holding cabinets, proofing cabinets, refrigerators & chillers), end user (­full-service restaurants, quick service restaurants, hotels, airports, railways, hospitals, schools, supermarkets & delis), and regions.

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Food Holding Equipment Market Outlook by Category

By Product Type:

Holding Cabinets Proofing Cabinets Refrigerators & Chillers

By End User:

Full-Service Restaurants Quick Service Restaurants Hotels Airports Railways Hospitals Schools Supermarkets & Delis

By Region:

North America Latin America Europe East Asia South Asia Oceania MEA

Industrial Power Monitoring System Market Analysis, Size, Share, Growth, Trends & Forecast 2022 to 2032

The global industrial power monitoring system market is projected to reach a value of US$ 6,534.7 Mn in 2032 while exhibiting a steady CAGR of 4.2% over the forecast period of 2022 to 2032. Driven by a growing emphasis on efficient use of power resources, the industrial power monitoring system market is expected to reach US$ 4,318.6 Mn by the end of 2022. This growth is further supplemented by the demand for increased reliability and reduction in the costs of electrical infrastructure.

The need for a distinctive power monitoring system is highlighted by the massive consumption of power by end-use industries like mining & mineral, oil & gas, and many others. Industrial power monitoring systems have the capability to communicate and monitor the components of power distribution from any place and anytime to evade critical losses.

This leads to a surge in demand for industrial power monitoring systems. Moreover, the rising adoption of voluntary or compulsory energy management systems and large-scale implementation of environmental regulations against energy wastage is likely to fuel the demand for industrial power monitoring systems.

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Owing to the fact that power fluctuation can corrupt or loss of data, industrial power monitoring systems are in immense demand in different industrial sectors. The industrial power monitoring systems are likely to discover a wide range of applications in various industrial verticals, specifically in healthcare, telecommunications (for remote monitoring and notification), governmental and financial organizations where the existence of sensitive data needs zero issues and smooth operations.

“Due to its high reliability and efficiency factor, industrial power monitoring systems are registering high demand from various industries which is expected to bolster the sales of industrial power monitoring systems over the forecast period,” says an FMI analyst. 

Key Takeaways:

Benefit of remote access and management of power resources to boost market possibilities. Shortage of skilled resources and high investment costs may deter the sales of industrial power monitoring systems. In 2022, North America is expected to account for a 27% market share. Industrial power monitoring system market in Europe is to hold a 29% market share. Asia Pacific's industrial power monitoring system market is predicted to offer many lucrative opportunities over the forecast period.

More Insights into the Industrial Power Monitoring System Market Report

In its latest report, FMI offers an unbiased analysis of the global industrial power monitoring system market, providing historical data from 2016 to 2021 and forecast statistics for 2022 to 2032.

To understand the global market potential, growth, and scope, the market is segmented based on control system (programmable logic controls (PLC) industrial power monitoring system, supervisory control and data acquisition (SCADA) industrial power monitoring system, distributed control industrial power monitoring system (DCS)), technology (meter data management (MDM) industrial power monitoring system, peak load control system (PLCS) industrial power monitoring system, demand response management solution (DRMS) industrial power monitoring system, energy management information system (EMIS) industrial power monitoring system), application (mining and metals, power generation and transmission, oil and gas, data centers and server rooms, general manufacturing), and region.

According to the latest FMI reports, based on region, the industrial power monitoring system market in North America is expected to present considerable growth and account for nearly 27% of the market share. Elevated government investments in power infrastructures coupled with the rising necessity to improve system reliability and lessen equipment malfunctions, power spikes, and shutdowns are driving the demand for industrial power monitoring systems in this region.

In Europe, the industrial power monitoring system market is likely to hold a 29% market share. This growth is attributed to the increasing demand for industrial power monitoring systems from the expanding data centers. Mounting investments in electric vehicles in countries like Italy, Germany, and the U.K. also promotes market growth in this region.

The Asia Pacific industrial power monitoring system market is projected to witness impressive growth over the forecast period. The growth in this market is primarily driven by China's rapid adoption of smart meters for electricity consumption.

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Competitive Landscape 

ABB Ltd, Emerson Electric Company, Eaton Corporation PLC, EnerNOC, Inc., General Electric Company, Honeywell International, Inc., and Rockwell Automation, Schneider Electric SE, Siemens AG, and others are some of the major players in the industrial power monitoring system market profiled in the full version of the report.

Major market players are concentrating on product development and introducing advanced industrial power monitoring systems to the market.

Diaphragm Pumps Market Analysis, Size, Share, Growth, Trends and Forecast 2022 to 2032

The global diaphragm pumps market is expected to be valued at US$ 4,870.0 Million in 2022, rising at a CAGR of 6.2% to US$ 8,867.0 Million between 2022 and 2032. The increase in the development of many compact diaphragm pumps with relatively simple designs is attributed to the growth. The diaphragm pumps market grew at a 5.5% CAGR between 2016 and 2021.

Diaphragm pumps are positive displacement pumps which are used to pump fluids with the help of reciprocating motion of the diaphragm. Diaphragm pumps mainly consist of a reciprocating diaphragm made up of rubber or other polymeric materials and check valves which control the incoming and outgoing fluid.

Moreover, selection of a suitable diaphragm material according to the application is the most important factor for longer life of diaphragm pumps. For better service life of diaphragm pumps structured diaphragms are used in many applications. Sometimes, for higher capacity, double diaphragm pumps are used in place of single diaphragm pumps.

The energy required for the reciprocating motion of diaphragm can be derived from a mechanical drive or a hydraulic drive. Furthermore, the output fluid volume can be controlled in two ways, either by changing the length of the diaphragm stroke or by varying the speed of diaphragm stroke.

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Diaphragm pumps are employed for high to medium flow rates at high pressures. Because of their ability to handle different types of fluids, diaphragm pumps are used in various industries like construction industry and chemical industry.

Diaphragm Pumps Market: Market Dynamics

Drivers:

Technological advancements have led to the development of many compact diaphragm pumps which are relatively simpler in design. This has resulted in an increase in adoption of diaphragm pumps in many industries, thus resulting in steady growth of diaphragm pumps market during the forecast period. Moreover, characteristics of diaphragm pumps like variable flow control, relatively lower maintenance cost and relatively lower downtime tends to render diaphragm pumps ideal for a gamut of applications.

In many offshore drilling applications diaphragm pumps are well suited to transport toxic and corrosive fluids without leakage, this tend to promote growth of diaphragm pumps market during the forecast period. Introduction of air operated double diaphragm pumps for transport of liquids containing large solids without utilization of electricity is expected to drive the growth of diaphragm pumps market.

Restrains:

Air operated double diaphragm pumps sometimes tend to result in problem of water hammering, this tends to limits the use of diaphragm pumps, thus acting as an impediment to growth of diaphragm pumps market. Moreover, the operating cost of air operated double diaphragm pump is relatively higher as compared to that of conventional electric drive pumps, this is another factor that is expected to have an adverse impact on growth of diaphragm pumps market. Efficiency of larger diaphragm pumps is reported to be relatively lower. Furthermore, the problem of pulsation is also associated with diaphragm pumps, causing vibration in diaphragm pumps, thus limiting their application in certain areas.

Trends:

Developments in double diaphragm pumps have led to introduction of high speed and high pressure Air Operated Double Diaphragm (AODD) pumps in the market. These AODD pumps find applications in construction and chemical industries.

Diaphragm Pumps Market: Regional Outlook

Construction industry, especially in Asia Pacific region is expected to witness steady growth during the assessment period. This is thus expected to in turn drive the growth of diaphragm pumps market in Asia Pacific region.

Increasing awareness about clean drinking water and increasing construction spending is expected to drive growth of diaphragm pumps market during forecast period. Anticipated steady growth in demand for oil and natural gas is expected to result in steady growth the market across developing regions of the globe.

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Diaphragm Pumps Market: Key Participants

Some of the market participants identified across the value chain of the global diaphragm pumps market are:

Graco Inc. Dover Corporation Tapflo AB Seepex GmbH Verder Group Flowserve Corporation IDEX Corporation Xylem Inc. SPX Flow Technology AB LEWA GmbH Yamada Corporation Ingersoll Rand Plc.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and applications.

Industrial PC Market Research by Key players, Type and Application, Future Growth Forecast 2022 to 2032

The Global Industrial PC Market is expected to register a robust CAGR of 6%, from US$ 5 Bn in 2021 to US$ 9.4 Bn in 2032. Automation, digitization, and other technological innovations propel the global industry forward as increased focus on automation and IoT, IPCs are primarily used in electronics and semiconductors, aerospace and military, and automotive manufacturing.

Industrial PC manufacturers are aggressively using the Industrial Internet of Things (IIoT) across various industries to maximize their resources and prices, which opens many industrial PC market opportunities. This enables them to automate production operations and generate a large volume of manufacturing data utilizing industrial PCs for data collection and management over a vast network of intelligent devices.

Industrial PCs’ operational efficiency is both an advantage and a hazard at the same time. It may offer security problems, but it makes it easier to scale up duties and integrate new features in one box, such as energy management, access control, condition monitoring, FSM, data transfer, and so on.

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As a result, OEMs and end-users may be dubious about the overall capabilities, not just IPC models, which could impede the sales of industrial PCs. An industrial PC is a computing platform that is built to withstand harsh conditions such as temperature fluctuations, humidity, moisture, and aggressive dust.

Key Takeaways

The manufacturing operations of many industries, including semiconductors, consumer electronics, and automotive, are predicted to grow dramatically in the APAC area. In the year 2021, the industrial PC market size in the United States was worth US$ 1.1 billion. China, the world’s second-largest economy, is expected to reach a market capitalization of US$ 901.7 million by 2026, representing a 6.5 per cent CAGR over the study period as per the emerging trends in the industrial PC market. Japan and Canada are two other critical geographic markets, with forecasted growth rates of 3.5 per cent and 3.9 per cent, respectively, over the analysis period. Over the projection period, the Semiconductor & Electronics segment is expected to increase at a rapid pace.

These PCs are more expensive, but they are also more reliable, efficient, and power-efficient, and they have a longer service life. Consistent and efficient performance in demanding circumstances created a major demand for industrial PC since they can run within the range from – 40°C to +80°C.

The industrial PC market grew steadily in 2019, but the global market was impacted by the coronavirus outbreak. Various manufacturing plants were temporarily shuttered, resulting in a considerable reduction in product output.

After assessing the pandemic situation in the second half of 2020, governments from various countries granted permission to reopen production plants, but only to a limited capacity. The workforce’s safety and security were paramount, so safety precautions such as maintaining social distance and wearing personal protective equipment were required. On the whole, the industrial PC market share is expected to reach a valuation of US$ 6 Bn by 2026.

“Manufacturing companies witness a high demand for industrial IoT as the manufacturing sector steadily moves toward digitalization with increased awareness of resource optimization in manufacturing firms, and robust regulatory necessities to safeguard protection and reliability in production plants are all driving market growth.”- opines an FMI analyst.

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Competitive Landscape

For start-up enterprises, the industrial PC market offers reasonable prospects. These businesses can supply industrial PCs to the fast-growing energy, automotive, and oil and gas industries. The global study on the Industrial PC market states that the presence of established businesses with diverse product portfolios catering to many industries, on the other hand, enhances market competition.

For example, in September 2021, Rockwell Automation announced cooperation with Ansys, a Canonsburg and Pennsylvania-based American corporation. The company hoped to expand digital twin connectivity into industrial control systems with this relationship, allowing users to take advantage of industrial operations’ implementation, design, and performance.

Leading Companies Profiled in Industrial PC Market are

Beckhoff Automation, IEI Integration Corporation, Siemens, B&R Automation, Kontron S&T, Avalue Technology, DFI, Nexcom International, American Port well Technology, and others.

Electrical Digital Twin Market Outlook, Current and Future Landscape Analysis 2022 to 2032

As per a new market research report on the electrical digital twin market published by Future Market Insights, the sales of electrical digital twin will advance at a CAGR of 12 percent from US$ 0.9 billion in 2021 to US$ 3.13 billion in 2032.

The increased acceptance of innovative technologies such as IoT and cloud for digital twin applications and attractive digital twin prospects in industries such as aerospace and defence, healthcare, and automotive and transportation are driving demand for electrical digital twin.

The digital twin is being used in various industries, including automotive, construction, and manufacturing. In addition, firms in these industry verticals are continually leveraging digital twin systems and technologies to evaluate the performance of physical assets and highlight where changes and enhancements are needed to achieve beneficial outcomes.

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This aspect is driving many businesses to embrace digital twin software, and it is expected to propel the industry forward in the following years.

Digital twin technologies are being increasingly adopted in various industries, including automotive, manufacturing, energy & utilities, and others, and this is expected to fuel market expansion in the coming years. In addition, the growing adoption of electrical digital twin technology by researchers and medical practitioners to create novel platforms that can enhance care delivery through better patient monitoring is projected to boost the market growth in the following years during the coronavirus crisis era.

Adoption of electrical digital twin necessitates significant investments, collaboration, and long-term willingness on the operator's part. To maintain a digital twin, operators must develop the necessary technology infrastructure, such as robust IoT deployments and simulation platforms, and integrate data sources from various departments and IoT contextual systems. The extensive use of components of electrical digital twin by diverse stakeholders in the power sector is hampered by these considerations.

Due to a shortage of experienced workers, significant initial investments are necessary for installation and significant maintenance costs, and this factor is restricting the market's growth in the predicted years.

Key Takeaways

The increase in spending for the implementation of advanced digital technology to modernize old power generating and distribution infrastructure is propelling the development of the North American electrical digital twin market share. The system digital twin type sub-segment accounted for the bulk of the worldwide customer base of all the components of digital twin and is expected to maintain its dominance during the forecast period. This dominance is mainly due to the widespread use of system digital twin by various industries, including automotive, manufacturing, oil & gas, energy & utilities, and other verticals, to uncover new revenue-generating potential by lowering costs and improving customer service. Owing to cloud-based solutions offer numerous benefits, such as scalability, flexibility, cost-effectiveness, and low energy consumption, their adoption rate is growing at a remarkable pace across organizations. The cloud sector of the electrical digital twin market size is anticipated to advance at a healthy CAGR during the forecast period. The primary electrical digital twin categories in the industry are digital gas and steam power plants, digital grid, wind farm, hydropower plants, and distributed energy resources.

“Increasing R&D efforts and technical advances are two significant market trends driving the expansion of the electrical digital twin business.”

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Competitive Landscape

As per the global market study on the electrical digital twin market, the increase in investments for the implementation of advanced digital technology to modernize old power generating and distribution facilities is propelling the development of the North American market. In addition, improved R&D in the fields of cloud, big data analytics, IoT, and IIoT and rising demand for optimal and cost-effective innovations to enhance asset performance and optimize corporate operations are all contributing to regional market expansion.

Electrical digital twin market key trends & opportunities put ANSYS, Inc., Cal-Tek Srl, GE Digital, Emerson Electric Co., Siemens AG, Cityzenith, International Business Machines Corporation, Wipro Limited, and Oracle Corp as follows: the key participants.

The active companies in this industry have chosen product development and new technology as their primary tactics. IBM, Microsoft, GE, and Siemens increase their R&D spending to develop new products and technology.

Recent developments

Digital twin modelling and simulation technology was developed by ABB and Corys in 2020 using ABB Ability 800xA Simulator and Indices Plus process modelling. A visual computing platform was designed in 2022 by a collaboration of Siemens and Threedy to provide access to visual digital twin information. In 2021 the on premise analytics software of General electric had been upgraded that can utilize AI and machine learning technologies for the identification of problems and suggest remedies for better performance.

Biocomposites Market (2022 – 2032) | Where Should Participant Focus To Gain Maximum ROI | Exclusive Report By Future Market Insight

Over the forecast period, the global biocomposites market is predicted to increase at an exponential rate of 16%. Valued at US$ 25 Bn in 2021, the biocomposites market is anticipated to reach US$ 128 Bn by 2032.

The increased research and development efforts for composite materials and biocomposite uses and benefits such as recyclability, lightweight, and cost-effectiveness are driving this trend. In addition, due to the harmful nature of synthetic materials, recycling challenges, and toxic residues, the biocomposites market size will continue to expand throughout the predicted timetable.

As per the biocomposites market report, Germany, the United States, and Japan are among the developed countries working on boosting the usage of ecologically friendly items rather than petroleum-based products.

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The European Union (EU) has favored such items over the United States and Japanese governments. It requires the use of bio-based materials, encourages the recyclability of vehicle components, and holds automakers accountable for disposal at the end of the vehicle’s service life. These laws are likely to boost demand for biocomposites in various end-use industries, including transportation, construction, and electrical and electronics.

The power necessary to make biocomposites is far lower than that critical to making glass fiber composites or carbon fiber composites. On the other hand, Biocomposites are more expensive than glass fiber composites. However, price reductions are prospects due to economies of scale and common biocomposites applications.

COVID-19 has had a detrimental impact on sales of biocomposites due to a drop in demand from numerous end-use sectors. Being one of the largest users of biocomposites, building and construction have seen the worst and most immediate effects of the epidemic. The building industry has been hit the worst. This has had a negative biocomposites market outlook.

Advancing at a CAGR of 16%, the biocomposites market size is expected to reach US$ 51 Bn by 2026.

Key Takeaways

The hybrid composites product section captured the largest market size in the global biocomposites market, owing to increased biocomposites applications around the world. Its substantial market share is credited with the optimum fiber adhesion that leads to decreased moisture content, high strength, and structural capacity. As per the biocomposites adoption trends, they are predicted to be the dominant market in the Asia Pacific. Over the projected period, it is also anticipated to be the fastest regional market. The requirement for synthetic polymer biocomposites had decreased in 2020 because of the COVID-19 pandemic. As global end-use industries found a stable footing by the fourth quarter of 2020, demand for biocomposites also showed signs of recovery. The market for biocomposites is dominated by the building and construction industry. Wood fiber composites have the biggest market share in volume in the global biocomposites industry.

“The need for biocomposites is increasing in the building and construction, transportation, consumer goods, and other end-use industries. However, as a result of COVID-19, sales in various industries have decreased, reducing demand for biocomposites.”—opines an FMI analyst.

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Competitive Landscape

To gain a foothold in the biocomposites market opportunities, the key companies in the industry are pursuing a variety of inorganic and organic techniques.

Biocomposites, an international medical device company that produces and manufactures leading products for bone and soft tissue infection management, announced today that its STMULAN products are, vancomycin, gentamycin, and tobramycin, have received new Canadian approval for the mixing of antibiotics with them.

Metal Recycling Equipment Market Outlook, Opportunity and Demand Analysis, Forecast 2022 – 2032

In 2022, the global metal recycling equipment market is expected to be worth US$ 6.9 billion. Metal recycling equipment sales are expected to exceed US$ 11.5 billion by the end of 2032, up from US$ 6.5 billion in 2021. Metal recycling equipment demand is expected to rise at a CAGR of around 6% to 7% during the forecast period 2022-2032, driven by growing concerns about metal waste management and the use of recycled products.

Metal recycling equipment is gaining significant attention, owing to the rising problems associated with the disposal of metal waste that is being generated across the globe. Metal is the most important element used in the manufacturing of a variety of products, including automotive components & parts, mechanical equipment, electronic appliances, construction material, furniture, and beverage containers, among others.

Metals that are mostly used can be further classified into ferrous (iron & steel) and non-ferrous (copper, aluminum, brass, and tin). The process involved for the recycling of metal waste includes collection & sorting, processing, grinding, melting, and purification. The recycling of metal from metal scrapes eliminates the consumption of other chemicals and additives that are used during the extraction from ores.

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Therefore, the recycling of existing metals is advantageous for catering to the growing demand for metal products across the globe. Additionally, increasing government regulations on waste management and recycling for the efficient utilization of natural resources are anticipated to drive the demand for metal recycling equipment during the forecast period

Global Metal Recycling Equipment Market: Dynamics

Increasing initiatives by the governments of various regions for the efficient utilization of existing natural resources, coupled with growing focus of waste management activities, are projected to set the healthy demand for metal recycling equipment during the forecast period.

Moreover, the growing demand for metal products across the globe, along with the low cost of recycled metal products is also expected to fuel the demand for metal recycling equipment in the global market. Furthermore, the ban of waste import from the U.S. by China is also expected to create lucrative growth opportunities for the South East Asia and U.S. markets during the forecast period.

Additionally, rapid industrialization, coupled with growing urbanization and rising disposable income in developing economies such as China, India, and some ASEAN countries is also promoting waste recycling activities. This is further expected to create significant demand for metal recycling equipment in the future.

Global Metal Recycling Equipment Market: Regional Outlook

The global market for metal recycling equipment is primarily dominated by the Asia Pacific region. The market in Asia Pacific has significant growth potential, owing to the growing awareness, along with the growing need for metal products in the region. Moreover, the shift of waste recycling from China to South East Asia is also expected to create healthy demand for metal recycling equipment in the region.

The market in this region is also anticipated to grow at a prominent CAGR during the forecast period. Moreover, the markets in North America and Europe are anticipated to register moderate growth, owing to them being developed markets, throughout the forecast period.

The ban on waste imports by China is expected to create healthy growth opportunities in the North American market during the forecast period. Furthermore, the markets of Latin America and the Middle East & Africa are also projected to grow at a decent pace, owing to increasing investments in these regions.

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Metal Recycling Equipment: Market Participants

In the global market for metal recycling equipment market, manufacturers are highly engaged in capturing the markets of emerging economies in order to enhance their market share and boost their revenue generation capabilities. Some of the players engaged in the manufacturing and selling of metal recycling equipment across the globe are:

Hitachi Construction Machinery Co., Ltd. Metso Corporation Nucor Corporation CP Manufacturing Inc. JMC Recycling Systems Ltd Green Machine Sales LLC Zato srl Commercial Metals Company Aurubis AG SMIS Metal Management Limited European Metal Recycling Limited

The research report presents a comprehensive assessment of the metal recycling equipment market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to metal recycling equipment market segments such as geography, metal type, machine type, and end use.

Solar Inverter Market Analysis, Segments, Leading Player, Application & Forecast 2022 – 2032

The global Solar Inverter Market is set to reach a valuation of US$ 11 Bn in 2022. Sales in the market are forecast to increase at a 6% CAGR over the forecast period. Increasing usage of solar panels and renewables energy will augment the growth in the market. Hig adoption of solar inverters in the residential, commercial, and industrial and utilities will continue driving sales in the market.

Over the past years, manufacturers are expanding their product lines with new technological advancement in the invertor technologies. As solar energy utilisation in photovoltaic systems is mostly dependent on the inverter, solar inverters are potentitally beneficial for lowering global warming and greenhouse impact.

“Increasing awareness regarding energy-efficient household equipment, along with stringent regulations pertaining to carbon emissions and energy consumption will drive sales of solar inverters,” says an FMI analyst. 

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Key Takeaways:

Based on product type, demand in the central inverters segment will create an absolute dollar opportunity of more than US$ 6.4 Bn over the forecast period. By end-use, the residential segment is forecast to create an absolute dollar opportunity of US$ 4.1 Bn over the assessment period. Total sales in the U.S. market are expected to increase at a 5.2% CAGR through 2032. Japan will emerge as a lucrative pocket, with demand growing at a 6% CAGR over the forecast period. The India solar invertor market will expand at a 7% CAGR through 2032, surpassing a valuation of US$ 827.2 Mn.

Micro inverters are gaining popularity due to heavy usage in most of the applications. Microinverters work in the same way as string inverters, except they are put beneath each solar panel on your roof.

Competitive Landscape

The solar invertor market is consolidated with leading players holding around 80%-85% of the total market share. These players are likely to invest in new technology development and expansion of their distribution networks to maintain their market presence.

Some of the key players in this industry include

Siemens AG Fimer Group SMA Solar Technology AG Delta Electronics Inc SunPower Corporation Omron Corporation Eaton Emerson Electric Co. ABB Ltd Mitsubishi Electric Corporation Schneider Electric SE

Each of these microinverters is roughly the size of a router. New electrical rules demand quick solar system shutdown to protect first responders and firemen from excessive voltage when on roofs or maintaining power lines. Microinverters meet these requirements for quick shutdown and have this capacity built into each module.

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Global Solar Inverter Market by Category

By Type:

Central Inverter Micro-Inverter String Inverter

By System Type:

Off Grid On Grid

By Phase:

Single Phase Three Phase

By End-Use:

Residential Commercial and Industrial Utilities

By Region:

North America Latin America Europe East Asia South Asia Pacific The Middle East and Africa