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Electric Sub-meter Market Analysis, Key Players, Industry Segments & Forecast 2022 to 2030

The global electric sub-meters market is expected to accelerate near US$ 12.8 billion by the end of the forecast period due to rising demand in the energy and utilities sector (2022-2030). A recent Future Market Insights (FMI) report predicts that the market for electric sub-meters would develop at a promising rate through 2030. According to the FMI survey, the energy and utilities sector is expected to employ electric sub-meters more widely due to their improved energy performance and efficiency.

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Key Takeaways of the Electric Sub-meters Study

The rising adoption of smart electric sub-meters with IoT capabilities is driving players to acquire component producers. The lack of adequate technical expertise to adopt smart sub-meters is encouraging mergers with automation providers. Mergers and acquisitions are projected to be the key business strategies for manufacturers in the industry. East Asia is projected to hold a major market share throughout the forecast period, primarily driven by an impetus from China.

Electric Sub-meters Market – Top Growth Drivers

Government policies regarding installation of smart electric sub-meters would be a major growth driver. Easy availability of low-cost smart electric sub-meters for residential applications will bolster overall demand. Tech advancements to cut down electrical leaks and outages while reducing the risk of error, will continue to drive adoption.

Electric Sub-meters Market – Key Restraints

Reluctance of building owners towards paying the upfront costs of upgrading sub-meters is a key restraint to the market. Conventional electric sub-meters continue to generate a greater risk of human error in records, thereby restricting the market.

“Manufacturers from ASEAN countries and India are focusing on acquiring new orders and tenders to increase their revenue by deploying smart electric sub-meters. This is creating ample opportunities for investors in the electric sub-meter market,” says the FMI analyst.

Competitive Landscape

Some of the prominent players that are covered by the study include, but are not limited to, Schneider Electric, General Electric, Siemens AG, Mitsubishi Electric Corporation, Itron Inc., Honeywell International, Xylem Inc., OSAKI Electric Co. Leading players in the field of automation are acquiring sub-meter manufacturers to bolster scope of application. Further, regional manufacturers are pushing for product value additions, and competitive pricing strategies to bolster overall demand.

More about the Report

The 291-page study offers an in-depth market forecast and analysis on the electric sub-meters market. The major categories encompassed by the report include product type (socket type/electromechanical sub-meters, non-socket/electronic sub-meters, and smart sub-meters), phase (single phase and three phase), application (commercial establishments, residential sector, and industrial sector) across seven regions (South Asia, East Asia, Latin America, Europe, North America, Middle East & Africa, and Oceania).

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Key Segments of Electric Sub-meter Industry Research

By Product:

Socket Type/Electromechanical Sub-meters Feed-through Sub-meters Current Transformers Non-socket /Electronic Sub-meters Smart Sub-meters

By Phase:

Single Phase Electric Sub-meters Three Phase Electric Sub-meters

By Application:

Commercial Establishments Large Retail Stores Data Centers Others Residential Sector Industrial Sector

By Region:

North America Electric Sub-meter Market Latin America Electric Sub-meter Market Europe Electric Sub-meter Market East Asia Electric Sub-meter Market South Asia & Pacific Electric Sub-meter Market Middle East & Africa (MEA) Electric Sub-meter Market

Sea Water Pumps Market Outlook, Growth Opportunity & Demand Analysis during Forecast 2022 to 2028

The market for sea water pumps was estimated to be worth USD 1.3 billion in 2022. Due to the increasing use of sea water pumps for a range of applications, the market as a whole is predicted to develop at a moderate CAGR of 4.3% between 2022 and 2028, reaching a valuation of approximately US$ 1.6 Billion by that time.

Large, strong pumps called sea water pumps are used in a variety of applications to move or circulate sea water. They are increasingly being employed in oil refineries, desalination plants, and ship water cooling systems.

Large, strong pumps called sea water pumps are used in a variety of applications to move or circulate sea water. They are increasingly being employed in oil refineries, desalination plants, and ship water cooling systems.

The global market for sea water pumps is experiencing strong growth thanks to the shipping sector's quick expansion. The bulk of goods in the world are currently shipped by sea. Nations therefore often upgrade their fleets.

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Key Takeaways of Sea Water Pumps Market Study

The centrifugal sea water pumps segment is expected to hold major share of the global sea water pumps market value as compared to positive displacement sea water pumps. On the basis of end use, the ships segment is expected to hold prominent value share of the global sea water pumps market. These pumps are used in weight transfer function, firefighting, bilge pumping, and high pressure pumping an air conditioners. By sales channel, offline sales channel is estimated to remain a key segment on the back of consumer preference towards customized sea water pumps. Asia Pacific is projected to hold prominent market share in terms of value in the global sea water pumps market. This growth is being propelled by rapid increase in ship building in countries such as China, South Korea, and Japan. These countries hold 70% share of the ship building market. However, the Middle East & Africa sea water pumps market is expected to project lucrative growth during the forecast period. This growth is attributable to increasing investments for desalination plants in the region.

“Sea water pumps are utilized in a variety of applications, ranging from ship building to desalination plants. Each of the applications has a different requirement, and therefore, enterprises are developing products as per specific demand.”

Competitive Landscape

The sea water pumps market is highly competitive in nature with leading market players constantly upgrading their product portfolios. They have adopted various organic and inorganic strategies such as mergers, partnerships, new product launches and collaborations and acquisitions to dominate the market. For instance,

In 2018, Allweiler GmbH, part of CIRCOR International Inc., introduced new compact marine centrifugal pumps solutions for ship engine rooms. In June 2021, Wilo opened a new assembly plant in Kuala Lumpur, Malaysia, to supply wilo pumps across the entire SEA region. In September 2019, INDAR delivered its motor-pump sets for the largest desalination plant (Carlsbad) in the USA.

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Sea Water Pumps Market by Category

By Product:

Centrifugal Pumps Positive Displacement Pumps

By Operation:

Submersible Non-submersible

By End Use:

Ships Ballast Transferring Firefighting Bilge Pumping High Pressure Deck Washing/Engine Cooling Air Conditioning Desalination Plants Oil Refineries

By Flow Rate:

1 – 50 M3/H 51 – 150 M3/H 151 – 350 M3/H 351 – 500 s M3/H Above 500 M3/H

By Region:

North America Latin America Europe Japan APEJ MEA

Loader Bucket Attachments Market Comprehensive Shares, Historical Trends & Forecast 2022 to 2029

The market for loader bucket attachments was valued at over US$ 2.63 billion in 2021 and is expected to grow at a CAGR of 4.6% to US$ 3.76 billion by 2029. From 2014 to 2021, the market for loader bucket attachments expanded at a CAGR of 3.7%.

Materials including garbage, sand, stones, timber, ice, and dust are loaded or unloaded using a huge construction instrument called a loader. To pick up and transport objects from the ground, use the bucket, which is fastened to the arms' opposite edges. It is possible for the loader's bucket assembly to be either temporary or permanent.

The importance of loader buckets in bulk material handling equipment in terms of functionality cannot be overstated. The primary forces behind increased volume sales are escalating safety standards and a sizable demand for routine replacement of loader bucket attachments.

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Key Takeaways of Loader Bucket Attachments Market Study

The rise in infrastructural projects with promising economic growth necessitates manufacturers of heavy-duty off road vehicles to increase efficiency and productivity, creating growth opportunities for players in the loader bucket attachments market. Prominent players in the loader bucket attachments market are striving to offer an extensive range of attachments and ground engaging tools. Additionally, these companies strive to offer new products in developing regions where end-use industries have registered double digit growth in the past, such as China, India, and Latin America. Between thumbs and grapples, grapples are estimated to gain more prominence, as they can be used to multitask, which leads to increased productivity in demolition, rock handling, scrap handling, and land clearing applications. Grapples are expected to gradually replace thumbs in the latter half of the forecast period. Amongst all the loader bucket attachments, ground engaging tools are gaining more acceptance in the loader bucket attachments market, owing to their better productivity. Cumulatively, the Americas and Europe have a notable installed base of bulk material handling equipment. The need for frequent maintenance due to safety concerns and the resulting volume sales of loader bucket attachments, coupled with growing concerns regarding proper waste handling is expected bolster the growth of the loader bucket attachments market.

“Increasing infrastructural investments, recovering mining industry, and the prevalence of waste management is anticipated to offer abundant opportunities to manufacturers in the loader bucket attachments market, especially in developing countries.”

Loader Bucket Attachments: Competition Scenario

The loader bucket attachments market is assessed to be a fairly consolidated market space, where players such as:

Doosan MDS Manufacturing Hongwing Heavy Industry Komatsu Volvo ESCO Corporation John Deere Empire Bucket CNH Industrial

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Key Segments of Loader Bucket Attachments Industry Survey

Loader Bucket Attachments Market by Attachment:

Attach Adapters & Couplers Blades Booms Forks Grapples Ground Engaging Tools Mounting Brackets Pushers & Snowplows Rakes Sweepers Thumbs

Loader Bucket Attachments Market by Region:

North America Loader Bucket Attachments Market Latin America Loader Bucket Attachments Market Europe Loader Bucket Attachments Market East Asia Loader Bucket Attachments Market South Asia & Pacific Loader Bucket Attachments Market Middle East & Africa (MEA) Loader Bucket Attachments Market

Echo Sounders Market Assessment and Key Insights Analysed from 2022 to 2032

The echo sounders market is expected to be worth US$ 298 million by the end of 2022. During the forecast period of 2022 to 2032, the market is expected to grow at a CAGR of 3.3%, with a closing value of US$ 412 million. Historically, the market grew at a CAGR of 2.9% between 2016 and 2021.

Single beam echo sounders have a wide range of capabilities, including frequency agility to support existing transducer installations, compatibility with traditional thermal record printing, and modern PC screen-based interfaces. However, as multi-beam echo sounders have evolved, their capabilities have expanded with features such as pulse length, number of beams and coverage, and operating frequency, allowing them to be used in new areas.

Echo sounders are a type of Sound Navigation and Ranging (SONAR) device that records the time intervals between emission and pulse return to determine the depth of the water as well as the sound speed. Following the Titanic disaster in 1912, German physicist Alexander Behm developed the technique of echo sounding to detect icebergs and measure sea depth.

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Furthermore, a dual-beam technique in the 1970s, permitting direct fish size in-situ through target strength estimation was invented, followed by the development of the first portable split-beam hydro acoustic system for better accuracy and less variable estimation. The global echo sounders market is estimated to grow at a significant CAGR during the forecast period owing to low power consumption, inexpensive tools, and innovations in product development.

Echo Sounders Market: Dynamics Drivers:

Single beam echo sounders provide an inexpensive seabed mapping tool when attached to a recording device and GPS which is expected to enhance the growth of global echo sounders market during the forecast period. Furthermore, technological advancements in multi-beam echo sounders are potentially making them a cost-effective system. Moreover, the requirement for compact systems with low power consumption in autonomous or remotely operated vehicles are expected to augment the echo sounders market over the forecast period.

Echo Sounders Market Restraints:

The speed of sound is directly proportional to density of the water that can be affected by various factors such as turbidity, temperature of water sample, pressure and salinity, and consequently expected to hamper the growth of the global echo sounders market during the forecast period.

Echo Sounders Market Trends:

With the development of the multi-beam echo sounders systems for offering narrow bandwidths, there is further demand for complementary increase in the number of beams provided to retain full ensonification of the seabed. Furthermore, to provide better control over the application and distribution of soundings, progress in the provision of greater number of soundings has been allied for advancement in beam-forming technology.

Echo Sounders Market: Region-wise Outlook

North America is expected to dominate the global echo sounders market during the forecast period owing to stringent marine regulations and awareness among consumers for better operations. Furthermore, Europe is estimated to witness significant growth rate during the forecast period owing to growing military & defense applications in France, the U.K. and other parts, with growing adoption of advance technologies for better and accurate results.

Moreover, Asia Pacific is expected to register substantial growth over the forecast period majorly due to countries such as China, India and ASEAN, which deals with import and export through shipments as their way of business. The Latin America and Middle East & Africa markets are estimated to enhance the growth of the global echo sounders market due to adoption of single as well as multi-beam echo sounders for better safety and results.

Echo Sounders Market: Participants

Examples of some of the market participants in the global echo sounders market are:

Kongsberg Maritime As Navico, Knudsen Engineering Ltd. Teledyne Odom Hydrographic, Inc., CEE Hydrosystems, Furuno Electric Co., Ltd., Kaizen Imperial, Fugro, Sonar Products Limited Neptune Sonar Ltd

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 market segments such as geographies, application, and industry.

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.

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Key Segments Covered in the Echo Sounders Industry Analysis

Echo Sounders Market by Product Type:

Single beam Echo Sounder Multi-beam Echo Sounder

Echo Sounders Market by Application:

Echo Sounders for Fishing Echo Sounders for Marine Survey Echo Sounders for Other Applications

Echo Sounders Market by Usage:

Fixed Echo Sounders Portable Echo Sounders

Echo Sounders Market by Frequency Range:

Below 30 kHz Echo Sounders 30 to 100 kHz Echo Sounders Above 100 kHz Echo Sounders

Echo Sounders Market by Region:

North America Echo Sounders Market Latin America Echo Sounders Market Europe Echo Sounders Market Asia Pacific Echo Sounders Market The Middle East & Africa Echo Sounders Market

Report Highlights:

Detailed overview of parent market Changing market dynamics in the industry In-depth 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.

Cathodic Protection Market Assessment and Key Insights Analysed from 2022 to 2032

According to the latest insights by Future Market Insights (FMI), the global cathodic protection market is set to be valued at over US$ 4,605.0 Million in 2022. The market is projected to expand at over 5.2% CAGR between the assessment period of 2022 to 2032 and reach US$ 4,680.2 Million by 2032.

As per the report, corrosion damage leads to nearly 3% to 5% of the gross national product (GNP) of industrialized countries. A better selection of corrosion control techniques, such as cathodic protection, is expected to save one-third of the typical economy's annual cost of US$ 300 Billion caused by metal corrosion.

Fast-growing economies such as China, India, Brazil, South Africa, and GCC countries have witnessed a rising demand for new infrastructure and increased spending on the maintenance of existing infrastructure. However, infrastructure in developed economies such as the U.S. and Europe is aging, and, in turn, attracting investments for up-gradation projects.

Also, growing awareness about the cost of damage caused by corrosion and increasing demand for corrosion protection services are expected to support growth in the global cathodic protection market.

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Key Takeaways from Cathodic Protection Market Study

Based on application, the pipelines segment is expected to hold the highest share in the cathodic protection market and is estimated to grow at a CAGR of 7% from 2022-2032. By type, the impressed current segment is anticipated to grow at a CAGR of 4% throughout the forecast period. China is expected to create an incremental opportunity of more than US$ 581.9 Mn in the coming decade. The U.S. is set to account for around 8% of the North America cathodic protection market share in 2022. North America and Europe are anticipated to gain prominence in the cathodic protection market and are estimated to account for more than 40% of share by 2032.

“Aging of infrastructure coupled with increasing focus of industries on curbing corrosion is anticipated to create significant opportunities for key players present in the global cathodic protection market over the forecast period,” says a Future Market Insights analyst.

Competitive Landscape: Cathodic Protection Market

Companies operating in the global cathodic protection market are focusing on improving their relationship with end users and maintaining long-term tie-ups with them. Additionally, regional players in the market are focusing on providing cost-effective solutions. Some of the key players profiled in the report include Aegion Corporation, BAC Corrosion Control Ltd, Cathodic Protection Co Ltd, CMP Europe, Farwest Corrosion Control Company, and Imenco Aj, James Fisher among others.

Find More Valuable Insights on Cathodic Protection Market

The research report analyzes demand for cathodic protection. The global cathodic protection market has been analyzed with various macroeconomic factors, market trends and market background. As per Future Market Insights, the market has been analyzed based on type, solution, application and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both supply side and demand factors.

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Key Segments Covered In Cathodic Protection Industry Analysis

By Solution:

Products Services

By Type:

Galvanic (Sacrificial Anodes) Impressed Current

By Application:

Pipelines Storage Facilities Processing Plants Water & Wastewater Transportation Building Others

By Region:

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

Ultra Violet (UV) Lamps Market Assessment and Key Insights Analysed from 2022 to 2032

The global ultraviolet (UV) lamp market is expected to generate opulent opportunities by registering a robust CAGR of 11.2% between 2022 and 2032. The market was worth approximately US$ 360.6 million in 2021 and is expected to reach US$ 1,123.7 million by 2032.

In the global ultraviolet (UV) lamps market, ultraviolet (UV) mercury lamps are expected to account for the largest market share of approximately 67.3%.

According to a historical analysis of the ultraviolet (UV) lamps market from 2017 to 2021, the market grew at a CAGR of 7.8% and is expected to grow at an 11.2% CAGR from 2022 to 2032. The use of ultraviolet systems in water and wastewater treatment plants and facilities is becoming more popular as municipalities around the world encourage their use.

The demand for UV disinfection equipment for the treatment of industrial effluents is expected to increase, and it will also aid in meeting the rising processed water requirements of these industries. Because of the aforementioned factors, the global ultraviolet (UV) lamps market is expected to grow 2.8 times faster by 2032 than it did in 2022.

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Key Takeaways

Ultraviolet technology is considered cost-effective in terms of efficiency, environmental impact, and operating cost in comparison to other disinfectant technologies such as ozonation and chlorination processes. Due to these factors, the need for ultraviolet (UV) Lamps is prevalent in the coming years. Growing concerns about public safety and environmental issues have led to the enforcement of strict regulations regarding water and wastewater treatment facilities across the globe, which are driving the ultraviolet (UV) lamps market forward. According to FMI analysis, the ultraviolet (UV) lamps market is anticipated to hold nearly 2% of the global water and wastewater treatment equipment market in 2022. Rising investments in social infrastructure and proactive initiatives taken by the governments of several countries all over the world are expected to result in the development of new water and wastewater treatment plants. The rising prevalence of water-born diseases across the globe is yet another factor driving growth in the ultraviolet (UV) Lamps Market In developed countries like North American and European regions, the healthcare sector including various facilities such as hospitals and clinics is widely adopting UV disinfection equipment for the surface and various air disinfectants to kill air-born germs. These infections are most commonly used in hospitals in order to reduce hospital-acquired infections (HAIs). Expansion of several industries including chemicals & materials and food & beverage are also responsible to push the production capacity of numerous companies by setting up new plants all over the world. Over recent years, there have been some impeccable advancements in the field of UV lamps. The major players in the UV disinfection lamp market are focused on enhancing the performance of disinfection equipment systems by modifying the design through several techniques such as flow distribution and lamp arrangements.

Competitive Landscape

Leading manufacturers in the UV disinfection system are focusing on global expansion plans by establishing new offices and partnering with local distributors in order to cater to the growing demand from water and wastewater treatment facilities.

In addition to that, various companies are investing in R&D activities to introduce efficient products. This has further led to advancements in the design of electronic ballasts combined with intelligent UV systems in order to produce new devices with low power consumption and minimal maintenance cost.

Innovations and advancements among the leading manufacturers are driving demand for ultraviolet (UV) mercury lamps. Several companies are engaging in partnerships and collaborations in order to co-develop novel products and get an edge over the market.

More Insights into the Ultraviolet (UV) Lamps Market

The U.S. is expected to dominate the global market by accounting for around 17% of the total market’s revenue share. Surging investments in various end-use industries such as pharmaceutical, chemical processing, food & beverage, and water sectors in the U.S. are likely to play a significant role in driving the demand for wastewater treatment, thereby pushing sales of UV disinfection equipment like UV lamps during the projection period.

China is considered the second largest market to generate total revenue of 14.7% between 2022 to 2032. Various measures have been taken in China to promote environmental protection and industrial development over recent years.

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Key Segments Covered in Ultra Violet (UV) Lamps Industry Analysis

By Lamp Type:

UV Mercury Lamp Low-Pressure Mercury UV Lamp Medium-Pressure Mercury UV Lamp Amalgam Mercury UV Lamp UV LEDs

By End-Use Application:

Wastewater Treatment Water Treatment Municipal Water Treatment Residential Water Treatment Commercial Water Treatment Industrial Process Water Treatment (Pharmaceutical, Chemical, Others) Pool and Spa Others (Aquaculture and Agriculture) Air Treatment Healthcare Facilities Residential & Commercial Others (Transportation) Surface Disinfection Food & Beverages Disinfection Bottled Water & Other Beverages Marinades & Brines Surface Disinfection of Foods

By Region:

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

Drum Pump Market Assessment and Key Insights Analysed from 2022 to 2032

The global drum pump market is expected to be worth US$ 503.6 million in 2022. Drum Pump sales are expected to grow at a CAGR of 6.2 percent between 2022 and 2032, totaling US$ 921.0 million. Between 2016 and 2021, the demand for Drum Pumps increased at a 5.7 percent value CAGR.

Industrialization is increasing in both developed and developing countries, and as a result, demand for oil and lubricants is increasing. Oil, lubricants, and other liquids are stored in tanks, drums, and barrels, among other containers.

A drum pump is a portable, small, and lightweight solution for emptying liquids from tanks, drums, and barrels, among other things. Drum pumps are ideal for transferring diesel oil, gasoline, engine oil, vegetable oil, milk, hydraulic oil, acid, alcohol, and other lubricative and corrosive liquids.

Many industrial fluids are very heavy once filled into a drum or barrel. When the liquid is outside the drum or barrel, the manufacturer should use a drum pump instead of tipping to get the liquid. Various industries generate a high demand for drum pumps, which is expected to increase during the forecast period.

The drum pump is the best solution for emptying liquid from tanks because it reduces the possibility of spillage or waste, as well as the possibility of injury or accident to the operator. Because of its numerous advantages, the drum pump is the preferred method of removing liquid.

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Drum Pump – Market Dynamics

Growth in demand of the drum pump market is expected to raise muscularly for numerous reasons. One of the significant factors contributes towards the growth of the drum pump is growing demand by the various industry including oil, chemical, milk, and lubricant etc. Industries import and export the liquids in the big container rather than the small container for saving the shipping and transportation cost.

For dispensing the liquid from big container industries prefer drum pump, so it drives the drum pump market positively. It allows speedy transfer of liquid without spillage it is another factor which contribute to the growth of the drum pump market. Moreover, drum pump saves considerable time, resources & manpower for dispensing the liquid and allow flow control at outlet through the ball valve, they also participate in the growth of the drum pump market.

The demand of the drum pump market is expected to witness an above average growth due to increase in the demand for drum pump by various industry.

Drum Pump – Market Segmentation

Globally, the drum pump market can be segmented on the basis of product type, by material and by application. On the basis of product type drum pump market is segmented into Electric driven, Hydraulic, Rotary / Manual pump, Pneumatic, and others. On the basis of material type drum pump market is segmented into plastic and metal. The plastic segment is sub-segmented into Chlorinated Polyvinyl Chloride (CPC), Polypropylene (PP), Polyvinylidene Fluoride (PVDF) and others.

The metal segment is sub-segmented into Stainless steel, cast iron, aluminium, and others. On the basis of application type drum pump market is segmented into Petroleum industry, Chemical plants, Food processing plants, Manufacturing plants, Automotive industry, wastewater treatment, laboratories etc.

Drum Pump Market – Regional Outlook

The drum pump market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. North America is anticipated to be the largest market for the drum pump market, primarily driven by manufacturer preference towards drum pump which acts as cost-effective and efficient dispenser tools for variety of liquid. Latin America also has a good presence in the drum pump market.

Furthermore, Eastern Europe followed by the Middle East is anticipated to be the second largest marketfor the drum pump. The recent development in the drum pump market has shifted its production base to the east, especially in Asia, the emerging players from China, India and Middle East have started taking the market share in the drum pump industry.

Drum Pump Market – Key Players

Few of the major players identified across the globe in the drum pump market are Fluidyne Instruments Pvt. Ltd., FLUX, Kecol Pumping Systems Ltd,Iwaki Pumps Australia Pty Ltd, JESSBERGER GnbH, Finish Thompson Inc., Lutz Pumps, Inc, NZ Pump Company Inc, Graco etc.

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.

The report covers exhaustive analysis on

Market Segments Market Dynamics Market Size Current Trends/Issues/Challenges Competition & Companies involved Value Chain

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Key Segments Covered in the Drum Pump Industry Analysis

Drum Pump Market by Product Type:

Electric Driven Drum Pumps Hydraulic Drum Pumps Rotary / Manual Drum Pumps Pneumatic Drum Pumps Other Drum Pump Types

Drum Pump Market by Material Type:

Plastic Drum Pumps Chlorinated Polyvinyl Chloride (CPC) Polypropylene (PP) Polyvinylidene Fluoride (PVDF) Others Metal Drum Pumps Stainless Steel Cast Iron Aluminium Others

Drum Pump Market by Application:

Drum Pumps for the Petroleum Industry Drum Pumps for Chemical Plants Drum Pumps for Food Processing Plants Drum Pumps for Manufacturing Plants Drum Pumps for Automotive Industry Drum Pumps for Wastewater Treatment Drum Pumps for Laboratories

Drum Pump Market by Region:

North America Drum Pump Market Latin America Drum Pump Market Europe Drum Pump Market Asia Pacific Drum Pump Market The Middle East & Africa Drum Pump Market

Switched Reluctance Motors Market Assessment and Key Insights Analysed from 2022 to 2032

The global switched reluctance motors market was valued at approximately US$ 499.3 Million in 2021 and is expected to exceed a valuation of nearly US$ 950 Million by 2032, exhibiting a strong CAGR of 6.28% during the forecast period (2022-2032). The increasing use of switched reluctance motors in electric vehicles, fuel pumps, electric power steering, vacuum blowers, and other applications is driving global demand for switched reluctance motors.

Switched reluctance motors are electric motors that are powered by reluctance torque. These motors outperform other types of motors in terms of efficiency, reliability, and performance.

Switched reluctance motors have become ideal motor types for high-speed applications in recent years due to their simple and robust structure. They're becoming increasingly popular as traction motors in electric and hybrid vehicles. They are also used in wind energy systems and coal mining equipment such as conveyors, cutters, and coal ploughs due to their simple and rugged construction, energy efficiency, and high-speed operation ability.

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Switched reluctance motors tend to perform well even in harsh environments, making them suitable for use in nuclear reactors and mines. As these industries expand, so will sales of switched reluctance motors during the forecast period.

Leading manufacturers of switched reluctance motors are constantly innovating to improve the features of switched reluctance motors. They are receiving significant investments from a variety of investors in order to develop next-generation switched reluctance motors for the electric motor market.

Thanks to their simple design, higher energy efficiency, and robustness, switched reluctance motors have gained huge traction across automotive industry where they are used in electric and hybrid vehicles.

Factors such as growing concerns regarding high emission levels of vehicles and implementation of stringent carbon emission levels have prompted both manufacturers and consumers to switch over to electric and hybrid cars.

According to the International Energy Association (IEA), over 10 Mn electric cars were on the world’s roads in 2020 and this number is further expected to surge in future. As switched reluctance motors are being extensively used in these electric vehicles, rise in their sales will eventually spur the growth in switched reluctance motors market.

Key Players:

Infineon Technologies AG Nidec SR Drives Ltd. E. KRETZSCHMAR Domel, d.o.o. MACCON Renesas Electronics Corporation Ramco Electric Motors Regal Beloit Corporation

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Key Segments Profiled in the Switched Reluctance Motors Industry Survey

By Product Type:

Single Phase Double Phase Triple Phase Multi-Phase

By Application:

Electromechanical brake system Fuel Pump Electric Power Steering Hybrid/ Electric Vehicles Vacuum Blowers Other

By Region:

North America Latin America Western Europe Eastern Europe APEJ Japan Middle East and Africa

Solar Microinverter Market Assessment and Key Insights Analysed from 2022 to 2032

The global solar microinverter market is expected to generate an absolute dollar opportunity from 2022 to 2032, with a CAGR of 18.1%, reaching a valuation of US$ 5,716.0 Mn by 2032. Based on system type, the integrated system category is expected to account for approximately 8% of the global solar microinverter market in 2022.

According to World Bank projections, the global economy will grow by 3.2% in 2023, opening up a variable window of opportunity for the construction industry to thrive in various parts of the world.

According to FMI analysis, the global microinverters market is expected to grow at a CAGR of 14.2% between 2017 and 2021. The need for

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Key Takeaways

Due to the rising investments in technologies for the production of renewable energy, the market of solar microinverters is predicted to expand at a lightning fast speed owing to its advanced technical advantages over conventional products is expected to fuel the demand for solar microinverters.

Small and medium-sized enterprises (SMEs) and several other capital-funded startups in the microinverter space are rapidly being acquired by well-established and dominant players in the solar inverter market. As per the FMI estimations, solar microinverter installation companies and module firms must diversify their product portfolios in order to get a competitive advantage in the market.

The solar micro inverter market is expected to be driven by rising demand from residential and commercial sectors owing to the high energy yield, module-level monitoring abilities, and enhanced safety of microinverters based on solar power.

The ever-increasing demand for residential spaces is providing sound flexibility and higher labor efficiency. The solar microinverter market accounts for around 12-16% of the global solar inverter market, reveals FMI.

The rising environmental consciousness among the majority and the emergence of strict laws governing the use of non-renewable power generation methods in order to address power shortage issues are driving the demand for solar microinverters globally.

Residential and commercial sectors have witnessed tremendous growth in emerging countries. Microinverters are known to be one of the crucial components of solar energy systems. The rising awareness about several environmental issues is also projected to surge the number of solar panel installations worldwide, thereby pushing sales of solar microinverters in the evaluation period.

Competitive Landscape

The leading manufacturers of solar microinverters are undergone continuous pressure in order to improve their product’s reliability and efficiency in case there is a rise in the demand for environmentally friendly solar products. Various manufacturing businesses are willing to increase the availability of their solar microinverters on the market through the introduction of new products and increased collaboration activities.

Key Segments Covered in Solar Microinverter Industry Analysis

By System Type:

Standalone Integrated

By End Use:

Residential Commercial Utility

By Region:

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

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More Insights into the Solar Microinverter Market

The surging use of solar photovoltaics in residential spaces in the U.S. has been primarily elevated due to the electricity cost savings, surging demand for an alternative electricity source, and urgent need to reduce the risk of climate change.

The optimal reason for driving the demand for solar energy in abundance is the rising need for solar energy that the traditional power sources in the U.S., which is anticipated to boost sales of solar microinverters. It is estimated that the U.S. will generate roughly 34.8% of the global solar microinverter market share during the projected timeframe.

Slitting Machine Market: Notable Developments & Geographical Outlook 2022 to 2032

The global slitting machine market was valued at $498 million in 2022 and is expected to grow to $682 million by 2032, at a CAGR of 3.2% during the forecast period.

Paper, plastic film, and metal foil slitting is a common task for a slitting machine. Slitting soft material can be accomplished with either circular or straight blades. To split a large roll of hard material, such as sheet metal, two cylindrical rolls with matched grooves and ribs are used.

Slitting machines are frequently used in converters. It is frequently used in industries that involve material coating, printing, and lamination. Slitting machines are also highly efficient and cost-effective. Furthermore, the packaging industry employs slitting machines to cut plastic rolls into narrower rolls, which are then used on packaging equipment.

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Global slitting machine market: Dynamics

The key driving factor of the global slitting machine is increasing automation in packaging industry along with increasing health consciousness among consumers. The macroeconomic factors are driving the global slitting machine market such as growing economy, increasing per capita income and rapid rate of urbanization in emerging countries such as China, Brazil, Mexico, and India.

The growth of the global slitting machine market is driven by growing demand for slitting machine in metal cutting and increasing investments in the food industry. In addition, rapidly growing paper, as well as plastic industry, is also one the key driving factor to grow the slitting machine market across the globe.

The key restraining factor which restricts to grow the global slitting machine market is the safety regulations related to slitting machine market. Some of the factors trending the slitting machine market include mergers and acquisitions with local players as well as increasing the demand for high quality packaged food. In addition, technological advancement such as slitting machine which is embedded with touch screen PLC (Programmable Logic Controller) is the major trends of slitting machine market across the globe.

Global slitting machine market: Regional Outlook

Based on the geographies, the global slitting machine is segmented into seven regions globally such as North America, Eastern Europe, Asia-Pacific excluding Japan, Latin America, Western Europe, Japan and Middle East & Africa. Among above-mentioned regions, North America contributes high market share in the slitting machine across the globe followed by Western Europe, owing to rapidly growing food industry in this region.

Western Europe is predicted to contribute the significant share in global slitting machine market over the forecasted period, due to the highly growing packaging industry along with significant growth in the automotive industry in this region.

The Asia-Pacific excluding Japan region also captures for the significant share of the global slitting machine market with high growth rate, attributed to increasing per capita income, the rapidly growing population, along with highly growing steel industry in this region. Latin America is estimated to showcase a positive growth rate in the global slitting machine market, owing to robust growth in the steel industry and changing the life style of consumers in this region. The Middle East and Africa is estimated to witness high growth rate in global slitting machine market, attributed to high growth in the metal slitting industry in this region.

The report covers exhaust analysis on:

Market Segments Market Dynamics Market Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies involved Technology Value Chain

Few associated players of global slitting machine market as follow:

Dah Bah Machinery Industrial Inc. HCI Converting Equipment Co., Ltd. Universal Converting Equipment TTR EUROWORKS BV Euromac s.r.l. ASHE Controls Limited Yo Den Enterprises Co., Ltd Toray Engineering Co.,Ltd. Webcontrol Machinery Corp.

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Key Segments Profiled in the Slitting Machine Market Survey 

By Type:

Roll/Log Slitter Slitter Rewinders

By Operation:

Manual Automatic

By Material:

Paper Foil Polymers Other

By Region:

North America Latin America The Asia Pacific MEA Europe