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Submersible Pump Market: Key Players, Applications, Outlook, SWOT Analysis by 2031

The global submersible pump market is expected to reach US$ 14.45 billion by 2031, up from US$ 8.42 billion in 2020, according to FMI's extensive analysis. Submersible pump demand from the construction, mining, and oil and gas industries is driving market growth. As a result, the market is expected to grow at a 5.2% CAGR between 2021 and 2031.

As a result of rapid urbanisation and industrialization, water scarcity has emerged as one of the world's most pressing issues. As a result, increased emphasis on wastewater treatment and demand for new water sources, such as ground water reservoirs, to meet domestic and industrial water needs are driving market demand. As a result, submersible pump sales are expected to rise 4.6% year on year in 2021.

Governments in emerging markets are stepping up efforts to improve rural and urban access to safe drinking water. According to the Department of Drinking Water and Sanitation, the Indian government has launched the “Jal Jeevan Mission” to improve water accessibility across the country. Such initiatives are expected to provide lucrative market expansion opportunities.

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Based on product type, borewell submersible pumps outrank other pumps, accounting for nearly 55.3% of the total sales in the market in 2021. Increasing application in gardening, firefighting systems, and domestic water supply owing to its vertical as well as horizontal installation is driving the growth in the segment.

“Increasing exploration of shale reserves and implementation of stringent wastewater treatment norms to support recovery across the mining and oil & gas industries are expected to augment the growth in the market,” says a FMI analyst.

Key Takeaways from Submersible Pumps Market Study

The market in the U.S. is estimated to witness the fastest growth in North America, expanding at a CAGR of 3.2% during the forecast period. Germany is expected to emerge as a highly remunerative market in Europe, creating an absolute dollar opportunity of US$ 175.6 Mn through 2031. China is anticipated to account for the largest share in the East Asia market, exhibiting sales growth at a CAGR of 6.1% between 2021 and 2031. India is forecast to hold a considerable revenue share in South Asia, accounting for 1/3rd of the sales in the region by 2031. In terms of head type, the above 100m segment is projected to dominate the market, accounting for nearly 71.3% of the demand share in 2021.

Key Drivers

High degree of water stress and increasing focus on catering to the water requirement of the domestic and industrial sectors across Qatar, Israel, Libya, and Saudi Arabia are propelling the demand for submersible pumps across the Middle East and Africa. Increasing demand for effective water pumping and distribution solutions for industrial and domestic use along with growing government investment in wastewater treatment is spurring the sales of submersible pumps across the municipal segment.

Key Restraints

High troubleshooting and re-installation cost along with the increasing incidence of motor failure are hampering the sales of submersible pumps. Implementation of stringent regulations concerning the depletion of groundwater reservoirs is restraining the growth of borewell submersible pumps.

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Competitive Landscape

The top five players operating in the global submersible pumps market are Grundfos, Ebara Corporation, Xylem Inc., KSB SE & Co. KGaA, The Weir Group Plc. These companies are anticipated to account for more than 31% of the overall sales in 2021.

Leading players are emphasizing on launching novel products to expand their product portfolio. Some of the key players are aiming at strategic collaboration, merger, partnership, and acquisition to strengthen their footprint. For instance,

In May 2021, Atlas Copco, a Swedish multinational industrial company, announced acquisition of operating assets of a U.S.-based company, Medigas Service & Testing Co. Inc. The acquisition will assist the company to expand its production line across medical and laboratory gas equipment and systems. In May 2021, the KSB Group, a leading producers of pumps, valves and related systems, announced launched the next generation time-tested submersible grey water pumps named the AmaDrainer 3 type series. The product launch will assist the company to expand its portfolio and consumer base.

Some of the key players operating in the market profiled by FMI are:

Kubota Corporation Wacker Neuson Group Atlas Copco AB KSB SE & Co. KGaA Xylem Inc. Ebara Corporation Grundfos Sulzer AG

Agricultural Equipment Market Analysis, Size, Share, Growth, Trends & Forecast 2022 to 2032

The global agricultural equipment market is expected to be worth $68.12 billion in 2022. With increased farm mechanisation and OEM investments in agricultural equipment, overall demand for agricultural equipment is expected to grow at a CAGR of 4.8% between 2022 and 2032, reaching around US$ 108.86 billion by 2032.

Year after year, the demand for agricultural tools rises. In exchange for investing in their farm tools business, the government provides farmers with appropriate interest schemes. Furthermore, contract farming's commercialization has boosted market growth.

Key players are hesitant to endorse equipment that has been certified by international standards such as the ISO 25119 Series. It was developed by the ISO technical committee 'ISO/TC 23, Tractors and Machinery for Agriculture and Forestry, subcommittee SC19'. These standards are recognised by running for a longer period of time with no recovery time.

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The adoption of technologies such as automated IoT implementation, AI-based equipment, GPS-enabled equipment, and flying drones is assisting market growth opportunities. Modern agricultural equipment is influencing manufacturers to create products that can meet the needs of end users. Through the integration of IoT, mechanised equipment is controlled by remote devices, which helps to reduce operational costs and relative operational time.

Furthermore, A.I. technology has advanced robotics by implementing agriculture robotics, such as autonomous tractors, ground-based sensors, and others that aid in the production of food at a low cost. This technology has greatly accelerated digitalization in agriculture.

The primary factor driving the growth of this market is technological advancement and the increasing adoption of advanced equipment in agriculture, as well as the increasing use of cost-cutting methodologies for designing farm equipment. Additionally, the growing population must lead to increased demand for food, which is also a major factor driving the growth of the Agricultural Equipment Market.

Furthermore, the government's initiatives to provide subsidies are having a positive impact on this market. Another factor driving market growth is companies educating farmers about loan policies, credit financing, and other benefits of contract farming. The major factor driving the growth of the agricultural equipment market is a shift in agriculture activities from animals or manual operations to automated methods.

Key Takeaways from the Market Study

Agricultural equipment market value surged at a 1.9% CAGR from 2017 to 2021, reaching US$ 65 Billion North America to emerge as the kingpin, expected to accumulate 54% revenue in 2022 Asia Pacific to be a significant contributor, yielding over 2/5th of market revenue Middle East & Africa attracting major investments, generating 36.7% revenue in 2022 Agricultural tractors to be most sought after equipment, capturing a market share of 32% By ownership, rental-based equipment to amount to under one-third of overall revenue

The adoption of technologies including mechanized IoT implementation, AI-based equipment, GPS-enabled equipment, flying drones is aiding the growth opportunities for the Agricultural Equipment Market, remarks an FMI analyst.

Competitive Landscape

Players in the global Agricultural Equipment Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:

In January 2022, John Deere revealed a fully autonomous 8R tractor. The new tractor features with TruSet-enabled chisel plow, GPS guidance system, and new advanced technologies including six pairs of stereo cameras enabling 360-degree obstacle detection and calculation of distance, and a deep neural network that classifies each pixel of each image in 100 milliseconds. In December 2021, New Holland Agriculture designed a Straddle Tractor to meet the demanding requirements of the narrow vineyards typical of the premium wine growing regions such as Champagne, Médoc, and Burgundy. In November 2021, John Deere developed new material collection systems and mechanical grappleS for compact utility tractors. The New Frontier MG20F Mechanical Grapple offers a quick-attach solution for fast installation and features a 1,200-pound (544 kg) lift capacity.

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Key Segments Covered in the Agricultural Equipment Industry Analysis

Agricultural Equipment Market by Product Type:

Tractors Rotavators

Threshers & Dehuskers

Power Tillers Power Weeder

Plough Baler Seed Drill

Agricultural Equipment Market by Category:

Tractor Pulled / Attachment Self-Propelled

Agricultural Equipment Market by Ownership:

Individual Rental

Agricultural Equipment Market by Region:

North America Latin America Europe East Asia South Asia & Pacific Middle East & Africa

Micro CHP Market Competitive Growth Strategies Based on Type, Applications, End User & Regional Forecast 2022 to 2032

The global micro CHP market is expected to be worth $1 billion by 2022. High efficiency, reduced fuel consumption, and increased power manifestations across applications will drive industry growth, as will strict regulation in the energy sector to reduce extreme climatic conditions. The overall demand for micro CHP is expected to grow at a CAGR of 7.2 percent between 2022 and 2032, reaching approximately US$ 2.0 billion by that time.

The generation of heat across the residential and commercial sectors to boost energy-efficient systems with waste heat generation is the ubiquitous driving force behind the micro CHP system. Another driving factor in the micro CHP market is the reduced maintenance and operation requirements.

Micro CHP, with a capacity ranging from 10 to 50 kW, is regarded as a growing technological innovation because it combines heat generation and sustenance with energy efficiency, assisting in the reduction of market estimates. Sustained heat production enabled by technology in educational institutions, military installations, and medical facilities contributes to the industry's ongoing growth.

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A recent uptick in the use of energy-efficient products and fervent domestic energy resource utilisation is imminent. The efficiency of micro-cogeneration (m-CHP) systems is higher than that of typical conventional electrical power generation, which makes them more important in reducing environmental leakages, conserving energy, and drastically lowering overall heating and electrical costs. The micro CHP industry is prepared with natural gas and LPG as the main heat source and is anticipating a sustainable ecosystem. Environmental eco-friendliness, cost effectiveness, and anti-corrosive output will likely prove to be factors in the industry’s growth.

Key Takeaways from the Market Study

Stirling engine-based micro CHP industry size is projected to observe over 8% CAGR through 2032 From 2017 to 2021, demand for micro CHP experienced noteworthy expansion, clocking a CAGR of 6.7% By fuel, oil-fuelled micro CHP systems sales to proliferate at a 6.7% CAGR until 2032 Gas-fuelled micro CHP to acquire surging popularity, forecast to grow at a 6.5% CAGR North America to account for more than 2/5th of global micro CHP market revenue in 2022 Asia Pacific to be one of the most promising markets, recording a 7% value CAGR

“With growing infusion of capital from the private and public sector and lying at the forefront a favourable climate for pursuing tech upgrades, abetted by strict governance in reducing climate extremities, work upholds in unison for uplifting growth in the micro CHP market”, remarks the FMI analyst.

Competitive Landscape

Strategic alliances, agreements, mergers, and acquisitions are relied upon by major players in the micro CHP sector, and they will have a positive impact on the market trend. Additionally, keeping players satisfied involves introducing new product lines. Here are a few notable examples:

As a principal manufacturer of high-efficiency heating and renewable energy systems, Viessmann offers on display comprise a complete range of heating solutions designed for today, that meet the energy challenges of tomorrow. All of our products are designed with the future in target, and built to last so you can enjoy many years of worry-free home comfort. Viessmann also offers mobile and smart home solutions to add control and convenience, so you can save time and money and help reduce the environmental effect. For providing micro CHP (micro combined heat and power), Axiom Energy Group generates heat and derives electricity on site. Plus, these systems are used in heating homes, commercial buildings and for heating pools. Generating electricity on site helps save money. Micro CHP systems of Axiom are powered up by a liquid cooled internal combustion (IC) engine with operating fuel as propane or natural gas.

More Insights Available

In its latest offering, FMI provides a frank analysis of the global micro CHP market, including historical data from 2017 to 2021 and projected figures for the years 2022 to 2032.

The study offers a thorough examination of the market across seven major regions based on capacity (Less than 2KW, 2-10 KW, and 10-50 KW), fuel (natural gas & LPG, coal, renewable resources, oil), and prime mover (stirling engine, internal combustion engine, fuel cell, and others) (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

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Key Segments Covered in the Micro CHP Industry Report

Micro CHP Market by Capacity:

Micro CHP less than 2kW Micro CHP from 2 kW to 10 kW Micro CHP from 10 kW to 50 kW

Micro CHP Market by Fuel:

Natural Gas & LPG-powered Micro CHP Coal-powered Micro CHP Renewable Resources-powered Micro CHP Oil-powered Micro CHP Other Fuel-powered Micro CHP

Micro CHP Market by Prime Mover:

Stirling Engine-based Micro CHP Internal Combustion Engine-based Micro CHP Fuel Cell-based Micro CHP Other Prime Mover-based Micro CHP

Micro CHP Market by Application:

Micro CHP for Residential Applications Space Heating/Cooling Water Heating Cooking Lighting Others Micro CHP for Commercial Applications Educational Institutes Office Buildings Healthcare Buildings Others

Micro CHP Market by Region:

North America Micro CHP Market Latin America Micro CHP Market Europe Micro CHP Market East Asia Micro CHP Market South Asia Micro CHP Market Oceania Micro CHP Market Middle East & Africa Micro CHP Market

Commercial Wine Dispenser Market: Notable Developments & Geographical Outlook 2023 to 2033

As per the reports published by FMI, the global commercial wine dispenser market is projected to have an average-paced CAGR of 5.1% during the forecast period. The current valuation of the market is US$ 1,689.3 million in 2023. The market value of the commercial wine dispenser market is anticipated to reach a high of US$ 2,778.0 million by the year 2033. A historical market valuation of US$ 1,607.33 million has been recorded by the experts of Future Market Insights for the concerned market during the base year.

FMI has analyzed that in recent years the commercial wine dispenser market has witnessed an unprecedented surge owing to a number of considerable factors that include a rise in urbanization across the world and the trend of modern consumers to upgrade their dining habits. Furthermore, the growing number of pubs, cafeterias, and restaurants is further anticipated to propel the growth of the commercial wine dispenser market. In addition, the invention and technology will further provide potential opportunities for the growth of the commercial wine dispenser market in the coming years.

However, the expert analysts at FMI have revealed that certain elements are likely to curb the growth of the market in the upcoming years, which include the rise in operational concern over its control that might challenge the growth of the wine dispenser market in near future.

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Furthermore, there is a high installation cost associated with these machines and the slowly developing countries might not be able to spend on the same. A high maintenance cost and lack of technically advanced labor are expected to impede the growth of the market in the forthcoming years.

Key Takeaways from the Commercial Wine Dispenser Market

The semi-automatic wine dispenser segment by product type is estimated to hold the maximum market share during the forecast period, advancing at a CAGR of 8,57% through the forecast period. The restaurants and bars by the end-user segment is expected to hold the maximum market shares and are estimated to progress at a moderate-paced CAGR of 8.71% through 2033. North America is projected to dominate the global commercial wine dispenser market, registering a CAGR of 8.62% throughout the projection period. The Korean commercial wine dispenser market is anticipated to surpass a valuation of US$ 3,650.73 Million by the end of 2033.

“Rise in spending on premium alcoholic drinks by the urban population is expected to unravel numerous growth opportunities for the wine manufacturers, thereby opening up avenues for commercial wine dispenser companies to propel.” – Says an FMI Analyst.

Competitive Landscape in the Commercial Wine Dispenser Market

Due to the existence of numerous international and regional companies, the market for commercial wine dispensers is very competitive. To strengthen their position in the market, major players are implementing a variety of methods, including product portfolio growth and regional development. The key players are adopting various business strategies, such as mergers and acquisitions, to expand their geographic presence and consumer base across the world.

Rosseto Serving Solutions, Lancer Beer Systems, Cornelius, Inc., The Godrej Group, Berg Company, LLC., and Edward Don & Company are some of the key players in the market.

Recent Developments

Manitowoc introduces new Indigo NXT model IT0300 In 2022, Celli Group announced that it has finalized an agreement with Cornelius Beverage Technologies Ltd. for the acquisition of a package of wine dispensing products and accessories in the United Kingdom, Germany, and other European countries.

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Key Segments in the Commercial Wine Dispenser Market

By Type:

Semi-automatic Automatic Manual

By End-use:

Brewpubs Bars Restaurants & Cafes Hotels & Resorts Households

By Region:

North America Latin America Asia Pacific MEA Europe

Commercial Winery Equipment Market Analysis, Size, Share, Growth, Trends & Forecast 2023 to 2033

The commercial winery equipment market was worth $1,792.2 million in 2023 and is expected to grow to $2,756.7 million by 2033, at a CAGR of 4.4% during the forecast period.

Winery equipment is a collection of tools used in the production of high-quality wines. The recent evolution of wine has increased demand for more advanced tools needed to maintain and improve the wine-making process.

The increase in the number of wineries and commercial wine production, as well as the quality of finished products, may drive the commercial winery equipment market forward.

The growth of the commercial winery equipment market is driven by factors such as the increasing demand for wine, rising disposable incomes, and changing lifestyles. The growing popularity of wine tourism is also driving the demand for commercial winery equipment.

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Key Takeaways:

Germany currently has a commercial winery equipment market share of around 24.0% in the Global market. The urban winery is the one that has major use of this type of equipment. During the forecast period, the commercial winery equipment market is expected to grow at a rapid CAGR of 4.4%. In the North American Region, the commercial winery equipment market is dominated by the United States, with a global market share of 33.0%. In terms of commercial winery equipment market size, the United States is expected to have a total market capitalization of USD 591.4 million in 2023. During the forecast period, the UK Commercial Winery Equipment market is expected to grow at a CAGR of 6.5%. Changing lifestyles and a growing disposable income of consumers are leading to an increase in the demand for wine. Rising popularity of wine as a beverage among millennials. New wineries are popping up all over the world, especially in developing countries, which is helping to boost the growth of the commercial winery equipment market. Technological advancements in winery equipment that help reduce waste and improve production efficiency are driving the market growth.

The major driver of commercial winery equipment is the wine industry. The wine industry is a multi-billion dollar industry that is responsible for the production of wine. The wine industry is a major driver of the economy and it is responsible for the employment of thousands of people. The wine industry is a major driver of commercial winery equipment.

Competitive landscape:

The top 5 manufacturers of Commercial Winery Equipment are The Krones Group, Criveller Group, Sierra Nevada Brewing Co., Deutsche Beverage Technology, and The Olde Mecklenburg Brewery.

The global market for commercial winery equipment is highly competitive with a large number of regional and international players. The key players in the market are focused on expanding their product portfolio and geographic reach to gain a competitive edge. The leading players in the market are investing in research and development activities to develop new and innovative products.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of commercial winery equipment presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.

The study provides valuable insight into the commercial winery equipment market based by Type (Fermenters, Crushers & Filtration, Centrifuge, Pumps, Chillers, Filling and Bottling, and Others), by Wine (Red Wine, Rose Wine, White Wine, Champagne, and Others), by Application (Micro-Winery, Farm Winery, Urban Winery, and Others), by Distribution Channel (Online, and Offline).

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Commercial Winery Equipment Market by Category

By Type, Commercial Winery Equipment Market is segmented as:

Fermenters Crushers & Filtration Centrifuge Pumps Chillers Filling and Bottling Others Monitoring Devices Packaging

By Wine, Commercial Winery Equipment Market is segmented as:

Red Wine Rose Wine White Wine Champagne Others Port Wine Fortified Wine

By Application, Commercial Winery Equipment Market is segmented as:

Micro-Winery Farm Winery Urban Winery Others

By Distribution Channel, Commercial Winery Equipment Market is segmented as:

Online Offline

By Region, Commercial Winery Equipment Market is segmented as:

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

Beer Pasteurization Equipment Market Competitive Growth Strategies Based on Type, Applications, End User & Regional Forecast 2023 to 2033

The beer pasteurization equipment market size has been valued at USD 1,792.2 Million in 2023 and is expected to grow to US$ 2,627.5 Million by 2033, at a CAGR of 3.9% during the forecast period.

The first major driver of demand for beer pasteurization equipment is simply the growth of the craft beer industry. As more and smaller breweries spring up around the globe, there is an increasing need for efficient and effective ways to pasteurize their products. This has led to a surge in demand for both new and used beer pasteurizers in recent years.

The beer pasteurization equipment market is expected to grow in the forecast period due to the increasing consumption of beer and new launches of flavoured beers. In this regard, the demand for craft beers is high, owing to their rising popularity regarding their extensive flavours, in addition to the regular flavours provided by macro breweries. Furthermore, the increasing appeal of craft beers infused with new ingredients and flavours, including fruity, salty, and tart flavours, among the millennial crowd, along with the growing safety concerns, is adding to the market growth of beer pasteurization equipment.

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The beer pasteurization equipment market size is predicted to expand over the coming years owing to the technological advancements in the market to develop equipment that helps boost the efficiency and accuracy of beer pasteurization equipment. Moreover, the emerging trend of beer tourism is also propelling the consumption of beer across the globe, thus invigorating the market for beer pasteurization equipment.

The beer brewers are focusing on the maintenance of beer quality in order to keep the consumers’ confidence intact and foster market development over the forecast period. Additionally, the emerging demand for premium handcrafted beer produced in small batches is anticipated to contribute to the overall market growth. The growing concerns regarding beer spoilage are also expected to propel the demand for beer pasteurization equipment.

Key Takeaways:

In the North American region, the beer pasteurization equipment market is dominated by the United States, with a global market share of 37.7%. In terms of beer pasteurization equipment market size, the United States is expected to have a total market capitalization of USD 675.7 million in 2023. The beer pasteurization equipment market in the United States is rapidly evolving, owing to the development of new technologies to enable faster, more efficient beer production. During the forecast period, the UK beer pasteurization equipment market is expected to grow at a CAGR of 6.3%. The market growth in the country can be credited to the availability of high-quality beer pasteurization equipment at competitive prices. Germany currently has a beer pasteurization equipment market share of around 21.1% in the global market. The market growth in Germany can be attributed to immense popularity and easy access to beer in the country. Additionally, the recent increase in the demand for craft beers is also contributing to regional market growth.

Competitive landscape:

The top 5 manufacturers of beer pasteurization equipment are Krones AG, Czech Brewery System s.r.o., AMS Beverage Engineering and Services GmbH, Smart Machine Technologies, and KHS Group.

The beer pasteurization equipment market is highly competitive, with various international and regional players vying for market share. The key challenges faced by the players in this market include the high initial investment required and the stringent regulations regarding food safety.

Get More Valuable Insights

Future Market Insights, in its new offering, provides an unbiased analysis of beer pasteurization equipment presenting historical demand data (2018-2022) and forecast statistics for the period from 2023-2033.

The study provides valuable insight on the beer pasteurization equipment market based on by technology (tunnel pasteurization, and flash pasteurization), by process (batch pasteurization, and continuous pasteurization), by equipment type (plate & frame heat exchanger, tubular heat exchanger, scraped surface heat exchanger, and others).

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Beer Pasteurization Equipment Market by Category-

By technology, beer pasteurization equipment market is segmented as:

Tunnel Pasteurization Flash Pasteurization

By process, beer pasteurization equipment market is segmented as:

Batch Pasteurization Continuous Pasteurization

By equipment type, beer pasteurization equipment market is segmented as:

Plate & Frame Heat Exchanger Tubular Heat Exchanger Scraped Surface Heat Exchanger Others

By region, beer pasteurization equipment market is segmented as:

North America Latin America Europe Asia Pacific Oceania MEA

Beer Glass Chillers Market Trends, New Business Opportunity & Demand Analysis during Forecast 2023 to 2033

According to Future Market Insights, the Beer glass chillers market will grow at a CAGR of 5.5% during the forecast period. Forecasts predict that the market will be worth $2,497.6 million by 2033, up from $1,462.2 million in 2023.

The beer glass chiller market is expected to expand rapidly in the coming years. This is due to the growing popularity of craft beer and the desire of customers to keep their beer cold.

Beer glass chillers come in a variety of styles, ranging from simple ice packs to more sophisticated cooling systems. The type of chiller you select will be determined by your budget and the frequency with which you intend to use it.

For casual drinkers, an ice pack may be all that is required to keep your beer cold. Serious drinkers, on the other hand, might want to invest in a more sophisticated system.

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Beer glass chillers have been around for centuries, with the first recorded instance dating back to 16th century Germany. In the intervening years, they've evolved from simple devices used to keep beer glasses cold to more sophisticated units that can both cool and carbonate your brew.

Key takeaways from Beer glass chiller market report

North America holds the largest market share in the beer glass chillers market. This is due to the large number of breweries in the region and the growing popularity of craft beer.

European market is attractive for beer glass chillers. One reason is that Europeans have a strong interest in chilling their beer glasses.

Asia Pacific is one of the most populous regions in the world with a large and growing middle class.

The growing demand for beer in the Asia-Pacific region is the primary driver for the growth of commercial beer glass chillers in this region.

According to research by Future Market Insights, The Beer glass chillers market is anticipated to expand at a CAGR of 5.5% during the forecasted period.

Who is winning?

The increasing demand for beer and the changing consumer preferences are the major factors driving the growth of the beer glass chillers market. The growing trend of microbreweries and home brewing is also fueling the market growth. However, the high cost of beer glass chillers is restraining the market growth.

Asahi Group Holdings, Heineken N.V., Anheuser-Busch InBev, Carlsberg Group, Molson Coors Brewing Company are expected to be the top players driving the market growth.

Get Valuable Insights into Beer glass chiller Market

FMI, in its new offering, provides an unbiased analysis of the Beer glass chiller 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 Beer glass chiller based by equipment type (air cooled, water cooled, glycol cooled) by Application (commercial and residential) By equipment (countertop and floor standing)

About the Food Processing Equipment Division at Future Market Insights

Expert analysis, actionable insights, and strategic recommendations – the Food Processing Equipment team at Future Market Insights helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the Food Processing Equipment industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

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Beer glass chillers market segmentation by category: -

By Equipment type:

Air cooled Water cooled Glycol cooled

By Application:

Commercial Residential Industrial

By Type:

Countertop Floor standing

By Distribution channel:

Online Offline

By Region:

North America Latin America Asia pacific Eastern Europe Western Europe Japan

Industrial Dishwasher Market Outlook, Current and Future Landscape Analysis 2023 to 2033

The global industrial dishwasher market is projected to have a moderate-paced CAGR of 3.3% during the forecast period. The current valuation of the industrial dishwasher market is US$ 453.6 Million in 2023. The value of the industrial dishwasher market is anticipated to reach a high of US$ 629.5 Million by the year 2033. The key aspect pushing the sales of industrial dishwasher is the premium quality of these machines that key manufacturers strive to deliver. For instance, certain key players use modern techniques and high-grade components to manufacture their machinery. Moreover, with the support of experienced technical experts, they aim to provide premium quality of machines to their valued clients across the globe. Key players are committed to providing dishwashers that are tailor-made according to the end user’s requirements, and yet remain reliable and economical. The demand for industrial dishwasher is rising since their solid construction ensures first-class cleanliness and hygiene in bakeries, butcher’s shops, restaurants, hotels, and restaurant chains. Most of these industrial dishwashers come with the right water treatment system which is integrated into the machine or as an external device. This device provides sparkling wash results and optimal machine protection. Developing countries such as China, Taiwan, India, and Brazil have witnessed rapid urbanization and increasing purchasing power which has effectuated changing lifestyles amongst the major population. Get a Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-16005 This is likely to fuel the sales of industrial dishwasher in these countries. Industrial undercounter dishwashers are growing in popularity as they provide more portability compared to other industrial or commercial dishwashers, and are most commonly used in small restaurants, cafés, bistros, and bars. The growth of the hotel industry is majorly attributed to the increasing travel and tourism industry, and hotels begets a vital role in the growth of industrial dishwasher market size across the globe. Since there has been an increasing preference for ENERGY STAR certified dishwashers, it has led key companies to develop high star rated and energy efficient industrial dishwashers, which in turn reduces carbon footprints. Furthermore, compared to traditional washing techniques, industrial dishwashers are more hygienic and coherent. The adoption of industrial dishwasher is likely to rise since these machines are packed full of technology, and offer a fully managed wash cycle for guaranteed results and easy operator experiences. Most of the key companies produce the dishwashers keeping in mind the need to reduce consumption of chemical agents used for cleaning, and that the machines have high endurance and durability. Moreover, these machines offer 100% drying capabilities, with an additional dryer unit that can be retrofitted easily. All these factors influence the growth of the industrial dishwasher market share. However, high initial investment and high maintenance cost of some of these machines may hinder their demand. Moreover, longer duration of replacement and increasing awareness of the customers regarding the harmful effects of electronic appliances to the environment like release of toxic waste is expected to challenge the global market growth. Key Takeaways: • The United Kingdom is anticipated to achieve a remunerative CAGR of 4.9% by 2033. The growth in this country is attributed to the well-established market for industrial dishwashers and the presence of key market players and manufacturers. Moreover, there has been a growing demand for energy-efficient dishwashers from the country. • In 2022, the United States maintained its position as the market leader, with a revenue share that was greater than 3.7%. The vital elements that are contributing to the expansion of the market in this region are, the high penetration of dishwashers in the various sectors of the U.S. region and the large number of established commercial and industrial spaces. • Owing to its high endurance and durability, and smart technologies equipped into the machines, the conveyor type machine held the greatest revenue in 2023, accounting for more than 3.6% of total revenue. • As a result of efficiency, as well as the washing of a large set of utensils in a short period of time, the “200-500” capacity type accounted for more than 3.1% in 2023 and is the most sold capacity type. • Moreover, the e-Commerce platform held the highest share as the distribution channel which is attributed to increasing sales of industrial dishwasher online, owing to the wide product portfolio, attractive graphics and facilitation of ordering products. Competitive Landscape: Industry players engage in numerous planned product launches and global expansion to promote the brand and sales. The introduction of new innovative products in the industrial dishwasher market share is also being carried out by market players, owing to the surging consumer demands for convenient dish washing appliances. They are further expanding their presence across various geographies and entering new markets, especially in developing regions, to expand their customer base and strengthen their presence. For instance, in February 2021, Robert Bosch GmbH along with BSH Household Appliances planned to start manufacturing the appliance in India. They were planning to invest 100 million euros (over Rs 870 crore) in its home appliances segment over the next 3-4 years towards personalizing solutions, brand building, strengthening technology center, and user experience studies. This expansion will help the company to enhance its position in the market. These factors are anticipated to expand the global industrial dishwasher market size. The following companies are key leaders in the global market for industrial dishwasher: • Winterhalter • IFB Appliances • Meiko • Hobart Corp. • Haier Group Corporation • Electrolux AB • LG Electronics Inc. • Robert Bosch GmbH For Full Information on this Report @ https://www.futuremarketinsights.com/reports/industrial-dishwasher-market Key Segments By Technology/Mechanism: • Semi-automatic • Fully-automatic By Type: • Undercounter • Hood • Flight • Conveyor By Capacity: • <50 • 50-200 • 200-500 • >500 By Sales Channel: • Offline • Online By Region: • North America • Latin America • Europe • East Asia • South Asia and the Pacific • Middle East & Africa

Pre-Insulated Pipe Market Trends, New Business Opportunity & Demand Analysis during Forecast 2023 to 2033

According to FMI's analysis, the pre-insulated pipe market will grow at a CAGR of 5.7% during the forecast period. The industry's value is expected to rise from US$ 6.1 billion in 2023 to US$ 10.6 billion by the end of 2033.

The market for pre-insulated pipes is expanding as governments around the world encourage the use of energy-efficient products. The government is taking steps such as offering incentives and tax breaks to encourage the use of such products. Furthermore, the growth of the district heating and cooling industry is driving the adoption of pre-insulated pipes.

The market's new product releases have a positive impact on pre-insulated pipe sales. Twin type pre-insulated pipes have recently been steadily capturing market share as end users shift towards obtaining them. Manufacturers are introducing new pre-insulated pipes that reduce labour costs and are simple to install.

Pre-insulated pipes are in high demand in the chemical, oil, food, and petrochemical industries. These are primarily used to transport hydrocarbons, hot water, steam, chemicals, and other similar materials. Pre-insulated pipes installed in end-use industries help to smooth the production process and promote long-term cost-efficiency.

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Key Takeaways from the Pre-Insulated Pipe Industry:

The United States pre-insulated pipe market is predicted to maintain its clasp over the top position of the market. Expanding at the CAGR of 4.9%, the market is predicted to attain US$ 1.4 Billion by 2033, as per recent market estimates by FMI. Japan is predicted to emerge as the fastest growing nation in the pre-insulated pipe domain. The country is set to grow at a CAGR of 6.7% in the next 10 years. By the end of 2033, the total revenue generated by Japan alone would be US$ 755.6 Million. Growing preference for metal and alloy based pre-insulated pipes is predicted to aid the market expansion. The metal and alloy segment is predicted to garner significant market share, striving at a CAGR of 4.6% between 2023-2033. The surging demand for single pipes by end use industries is projected to propel market growth. The CAGR of single pipe segment is set to rise from 2.9% in historical period to 4.4% over the forecast period.

New Developments Fuelling Pre-Insulated Pipe Market Expansion:

In May 2022, Huntsman, in association with BRUGG Pipes, has innovated a next-gen polyurethane foam system having outstanding insulation properties that can be utilized to develop thermally efficient, extremely flexible, pre-insulated pipes for linking local heating units and ground source heat pumps to commercial and domestic buildings. The new innovation is predicted to cater to the growing demand for heat pumps. In 2021, Armacell introduced two upgraded versions of its pre-insulated seamless copper pipes, DuoSplit and Tubolit Split. Since they are easy to install, flexible, and robust, these products deliver benefits to installers and end users alike. The newly launched durable and environment-friendly products are enjoying wider spectrum of applications.

Some of the leading companies operating in the pre-insulated pipe market are

Georg Fischer AG Uponor Corporation Watts Water Technologies LOGSTOR A/S Brugg Group Ag Polypipe Group PLC Vital Energi Utilities Limited

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Pre-Insulated Pipe Market By Segment

By Material Type:

Metal & Alloys Polymers

By Pipe Configuration:

Single Pipe Twin Pipe

By Installation:

Below Ground Above Ground

By End User:

District Heating and Cooling Oil & Gas Chemical Pharmaceutical Others

By Region:

North America Latin America Europe South Asia & Pacific East Asia Middle East & Africa

Condition Monitoring System Market Outlook, Current and Future Landscape Analysis by 2031

The global demand for condition monitoring system market is expected to exceed US$ 6.79 billion by the end of 2031. Demand in Canada is expected to rise at a nearly 7% CAGR during the forecast period. The presence of a well-developed oil and gas industrial landscape, as well as a thriving food and beverage industry, drives the condition monitoring system market in Canada.

According to a new Future Market Insights (FMI) report, significant growth in the condition monitoring service market is being driven primarily by the expansion of the facility generation industry. Which has a significant share of the overall market value, followed by the chemical and petrochemical industries.

The automotive, logistics, and petrochemicals industries, in particular, are well aware of the virus's potential impact. Given the widespread lockdowns in the majority of countries, several business executives have halted their manufacturing operations.

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Increasing urbanization and rapid industrialization are creating massive opportunities for key market players in the automotive & transportation industry, thereby bolstering the adoption of condition monitoring services in the global market. On the flip side, the current global coronavirus pandemic is expected to cost the global economy about US$ 1 Tn in 2022, as per the UN Conference on Trade and Development.

Key Takeaways of Condition Monitoring Service Market Study

According to our research, the portable machine diagnostic segment is shaping the revenue pool of the condition monitoring service market as the portable equipment is used to analyze data from the sensors, saving time of operation. In the current scenario, integration of condition monitoring software with computerized maintenance management services & process control software is an emerging trend in the global condition monitoring service market. North America is a prominent market for condition monitoring services and is expected to continue its hegemony, owing to its strong industrial growth and high adoption of the services in the region. In the global condition monitoring service market, over 55% of the revenue comes through vibration analysis and oil analysis segments. A rising focus on maintenance to minimize asset downtime is fueling the deployment of both techniques.

In order to minimize the asset downtime, it is necessary to monitor the assets continuously or in regular intervals, especially in facilities such as power generation and petrochemical plants. Given the criticality of highly accurate results in such facilities, manufacturers are striving to further develop condition monitoring software that can be integrated into the services to record the data.

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Condition Monitoring System Market by Category

By Technique:

Corrosion Monitoring Infrared Thermography Motor Condition Monitoring Oil Analysis Ultrasound Testing Vibration Analysis

By Application:

Aerospace and Defense Automotive and Transportation Chemical and Petrochemical Food & Beverage Marine Mining and Metal Oil and Gas Power Generation

  By Region:

North America Latin America Europe East Asia South Asia & Pacific Middle East and Africa (MEA)