A Market Place Research – Page 1158

Stainless Steel Plumbing Pipes Market Trends, Analysis, Segmentation, Forecast to 2030

The global stainless steel plumbing pipes market is expected to reach $4.9 billion in 2030 from $8.1 billion in 2020, growing at a CAGR of 4.8% from 2021 to 2030. In 2020, Asia-Pacific dominated the global stainless steel plumbing pipes market, accounting for 58.70% share of the market.

Stainless steel pipe is used in residential, commercial, and industrial areas for plumbing applications, owing to features such as long durable, corrosion resistant, rigid, robust, and flexible. It is highly effective pipe used for plumbing application and sanitary works. Stainless steel plumbing pipes are used in plumbing applications such as bathtubs, faucets, showerheads, and toilets.

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According to the UN, urbanization is taking place in a major section of the world. Urban regions now contain almost 54.8% of the world’s population. Increase in knowledge of more modern sanitary fittings such as taps has come from urbanization. Growth in urbanization and rise in number of nuclear families, especially in developing nations, have created a significant need for stainless steel pipes for plumbing applications. In addition, rise in consumer hygienic has aided expansion of the electronic-enabled plumbing industry. As a result, growing urbanization and greater demand for basic sanitation are factors that surge the demand for stainless steel plumbing pipes during the forecast period.

Plumbing pipes used in kitchens, toilets or bathrooms in hotels, malls, offices, and public places are considered under the non-residential category. Renovation of old bathrooms and kitchens in residential and non-residential buildings and new construction projects is driving the stainless-steel plumbing pipes market. In addition, rise in new residential and commercial construction buildings increases the sale of stainless steel plumbing pipes. Further, some of the renovation work is also done when houses, bungalows or flats are sold and the new owner wishes to redecorate the house. Manufacturers have recognized the market growth opportunity and have adopted several strategies such as new product launch, acquisition of companies, and business expansion to offer a wide range of products to customers and widen their product offerings in new regions, thereby driving the global stainless steel plumbing pipes market growth. For instance, in November 2020, MASCO Corporation agreed to purchase a majority stake in the Dutch company Easy Sanitary Solutions (ESS) B.V. Easy Drain shower channels were invented, developed, and manufactured by ESS, which also offers a comprehensive variety of stainless steel pipes and bathroom wall specialty products.

However, owing to lockdown imposed in countries such as China, the U.S., and India, numerous manufacturers in the global stainless steel plumbing pipes market led to halt in their business production. This disruption has a direct impact on sales of stainless steel plumbing pipes. However, it is expected that reopening of production facilities and introduction of coronavirus vaccines would lead to reopening of bathroom taps firms.

The stainless steel plumbing pipes market has observed significant growth in the past few years, owing to rise in urbanization and concern for hygienic sanitation. In addition, rise in infrastructure development in various developing nations, such as India, Brazil, Africa, and others, is anticipated to provide lucrative opportunities for the growth of the global stainless steel plumbing pipes market.

The global stainless steel plumbing pipes market is segmented into construction type, end user, application, and region. By construction type, the market is classified into new construction and renovation. The renovation segment dominated the market in 2020. Based on end user, the market is divided into residential and non-residential. The residential segment dominated the market in 2020. Based on application, the market is differentiated into bathtubs, showerheads, faucets, and others. The others segment dominated the market in 2020.

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Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and the rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific dominated the market in 2020.

Key companies profiled in the report include Geberit AG, Jindal Stainless Limited, Steelmor Industries, Central States Industrial, Mueller Industries Inc, Reliance Worldwide Corporation Limited, Turnkey Industrial Pipe & Supply Inc, Uponor Corporation, Bradley Corporation, and Globe Union Industrial Corp.

Key Findings Of The Study

Depending on construction type, renovation segment was the largest revenue generator in 2020.
By end user, the residential segment generated the highest revenue in 2020.
On the basis of application, others segment accounted for the highest revenue in 2020.
Region wise, Asia-Pacific is anticipated to dominate the global stainless steel plumbing pipes market throughout the study period.
The report provides an extensive analysis of the global stainless steel plumbing pipes market trends and emerging opportunities of the market.
The global stainless steel plumbing pipes market forecast analysis from 2021 to 2030 is included in the report.

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US Russia Turkey Pet Care Market to Garner $129,083.76 Million , Globally, by 2031 at 5.7% CAGR | Top Player and Growth Analysis

According to a new report published by Allied Market Research, titled, “US Russia Turkey Pet Care Market by Product Type, Animal Type, and Distribution Channel.: Country Opportunity Analysis and Industry Forecast, 2021-2030,”

The US Russia Turkey pet care market size was valued at $72,580.34 million in 2020 and is estimated to reach $129,083.76 million by 2030, registering a CAGR of 5.7% from 2021 to 2030.

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Rise in concept of pet parenting and increase in disposable income of the pet owners are the major factors that drive the growth of the US Russia Turkey pet care market. Consumers are now opting for branded high quality pet food, high-end accessories, and a variety of pet grooming services for their pets.

Increase in adoption of various online portals and rise in number of offers or discounts provided by these sites attract consumers to purchase pet food and pet care products through online channels. Moreover, online sales channels have increased consumer reach, owing to which it has evolved as a key source of revenue for many companies. Furthermore, the online sales market is expected to expand in the future, owing to rapid growth in online and mobile user customer bases is likely to propel the US Russia Turkey pet care market growth during the forecast period.

Rise in regulatory constraints in the U.S pet care industry are expected to negatively affect the US Russia Turkey pet care market during the forecast period. For instance, in the U.S., pet food is highly regulated by the U.S. FDA to meet both federal and state requirements. The U.S. FDA has imposed laws on both finished pet supplements and their ingredients.

The US Russia Turkey pet care industry was already growing at a strong rate pre-pandemic, but certain COVID-19 repercussions accelerated this growth and are expected to sustain it for years to come. This is attributed to increase in awareness regarding pet health.

According to the US Russia Turkey pet care market analysis, the market is segmented on the basis of product type, animal type, and distribution channel. On the basis of product type, the market is categorized into pet care products and pet food. Pet care products further segmented into brushes, shower and bath accessories, toothpaste, grooming wipes, shampoos/conditioners, cat litter, pet comb, tick repellent and others.

On the basis of product type, the pet food segment was the highest contributor to the US Russia Turkey pet care market, with $50,602.31 million in 2020, and is estimated to reach $85,677.86 million by 2030, at a CAGR of 5.2% during the forecast period. Surge in households with pet and pet humanization are likely to garner the growth of the U.S. Russia Turkey pet food market. Owners are increasingly concerned about the health of their pets and thus feed their Dog with various premium and super premium pet food, including natural-and organic ingredient based pet food.

According to the US Russia Turkey pet care market trends, on the basis of animal type, the cat segment has gained significant share in the US Russia Turkey pet care market. Rise in adoption of cats have been witnessed, owing to their low maintenance. Growth in adoption of cats and spending on cat care products, including health care and grooming are anticipated to favor growth of the functional pet food market during the forecast period. Cats are the second-largest consumers of pet food across the globe.

Moreover, rise in concern regarding health and hygiene of cats is also a major factor that propels the US Russia Turkey pet care market growth. In addition, rise in disposable income and concerns about pet health, especially among millennial population are anticipated to boost sales of cat food and caring products during the forecast period.

On the basis of distribution channel, the specialized pet shop segment was the highest contributor to the US Russia Turkey pet care market, with $18,232.18 million in 2020, and is estimated to reach $35,476.35 million by 2030, at a CAGR of 6.6% during the forecast period. Specialized pet shop is the second fastest growing sales channel after ecommerce sales. The consumers are benefited with wider and specific option as per their pet requirements. For instance, veterinary diet offered by PetCo assists to improve immune system for Dog and cats and promotes healthy fur.

Players operating in the U.S. Russia Turkey pet care industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Colgate-Palmolive Company, Ferplast S.P.A., Mars, Incorporated, Nestlé Purina Petcare (Nestlé S.A.), PETEDGE, Rosewood Pet Products, The Hartz Mountain Corporation.

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Global Industrial Furnaces Market Size Was Valued At $10,958.5 Million In 2018 | Growing At A CAGR Of 5.4% From 2019 To 2026

the global industrial furnaces market size was valued at $10,958.5 million in 2018 and is projected to reach $16,996.5 million in 2026, growing at a CAGR of 5.4% from 2019 to 2026. The gas/fuel operated industrial furnace segment accounted for over 40% of the industrial furnaces market share in 2018 and is expected to witness significant growth during the forecast period.

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The industrial furnaces are broadly used in several industries, such as automotive, metallurgy, aerospace & defense, oil & gas, and chemicals. The industrial furnaces market is expected to represent a significant growth during the study period due to a number of factors, which include an increase in the number of industrial infrastructures in developing countries and rise in demand from the aerospace & defense and automotive industries. Moreover, surge in investments in the construction industry is also projected to lift the demand for industrial furnaces in developing economies such as China, Brazil, and India.

The metals & mining industry is currently creating the highest demand for gas/fuel operated industrial furnaces. These machines are more efficient as compared to other industrial furnaces in terms of performance levels and operating costs. The key players such as Gadda Industrie Srl and International Thermal Systems deal in state-of-the-art gas/fuel operated industrial furnaces. For instance, Italy-based Gadda Industrie Srl deals in gas/burner operated bell and pit furnace of high efficiency, high quality, high reliability, and low energy consumption. The design of the furnace enables evenly heating on both elongated sidewalls and allows optimum sealing of the chamber, enabling excellent temperature homogeneity to be reached.

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Based on the arrangement, the box type industrial furnace segment garnered the highest market share in 2018, as the demand for them is increasing in the automotive and metals & mining industry. Moreover, by furnace type, the electric industrial furnace segment is expected to grow at the highest CAGR, owing to various advantages offered by them such as safety, low initial cost, and environmentally friendly. Among the studied regions, Europe is anticipated to account for the highest market share in 2018, and Asia-Pacific is expected to exhibit the highest growth rate during the forecast period.

There has been an increase in demand for metals across many end users, which include railroads, buildings, automobiles, bridges, metallurgy, and ornaments, among various others. This demands more industrial plants to satisfy the growing demand, which in turn, confirms that there is an enormous demand for industrial furnaces from businesses globally. Moreover, industrial furnaces manufacturers have been implementing various technological enhancements in the furnaces, which have been developed in recent years. These new technologies, such as IIoT and others, are anticipated to offer lucrative growth opportunities for the market during the forecast period.

Rise in demand for high-performance, energy-efficient, and low-emission vehicles drive the global industrial furnaces market growth. In addition, surge in investments in the construction industry and increase in manufacturing machinery industry stimulate the industrial furnaces market growth. On the other hand, instability in the prices of raw materials is projected to hinder the market development.

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In terms of end user, the transportation segment has secured the highest share in the market in 2018. Whereas, mechanical & manufacturing equipment segment is expected to witness growth at a CAGR of 4.6% during the forecast period, owing to technical innovations and increase in emphasis on the construction and other industrial sectors. This is expected to provide lucrative growth opportunities for the industrial furnaces market players in the developing economies.

The major players in the industrial furnaces market such as International Thermal Systems and Carbolite Gero Ltd. are focused on introducing energy-efficient products to strengthen their product portfolio and market presence in the global market. For instance, UK-based Carbolite Gero Ltd. offers HTF industrial furnace. Electric furnaces are capable of applications such as ceramic injection molding (CIM), annealing, debinding, degassing, drying, debinding in air, sintering, sublimation, synthesis, sintering in air, and tempering.

The key players profiled in the report include ANDRITZ AG, Carbolite Gero Limited, Epcon Industrial Systems, LP, Gasbarre Products, Inc., International Thermal Systems LLC, Ipsen International GmbH, NUTEC Group, SECO/WARWICK S.A., Thermcraft Incorporated, and Thermal Product Solutions.

Key Findings of the Study:

The report provides an extensive analysis of the current and emerging industrial furnaces market trends and dynamics.
Depending on furnace type, the gas/fuel operated segment dominated the market in 2018, and electrically operated segment is projected to grow at a significant CAGR during the forecast period.
By arrangement, the box type segment held the majority of the market share in 2018.
On the basis of end-user, in 2018, metals & mining segment is anticipated to hold the largest market share.
Asia-Pacific is projected to register the highest growth rate during the study period.
The key market players within the market are profiled in this report, and their strategies are analyzed thoroughly, which help understand the competitive outlook of the industrial furnaces industry.
The report provides an extensive analysis of the industrial furnaces market trends and its emerging opportunities.
In-depth analysis is conducted by constructing estimations for the key segments between 2018 and 2026.
The global industrial furnaces market forecast analysis from 2019 to 2026 is included in the report.

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Composite Decking and Railing Market SWOT Analysis, Dynamics, Drivers, Key Indicators and Forecast to 2030 | At a CAGR of 12.6%

The composite decking and railing market size was valued at $2.6 billion in 2020, and is expected to reach $9.2 billion by 2030, registering a CAGR of 12.6% from 2021 to 2030. Decking & railing is the process of installation of flooring and safety rails, generally outside the house, using materials, such as polypropylene and polyethylene, to enhance the beauty of buildings.

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The composite decking and railing is driven by factors such as increase in trend for beautification of buildings and rise in spending capacity of people and living a luxurious life. In addition, advancement in material has led to use of strong and durable materials to build the decks and railing. However, harsh weather, such as high heat and storm, can loosen the integrity of the composite material as well as the frame it is installed on, which, in turn, fails to last long and breaks earlier. This acts as a restraining factor for the growth of the composite decking and railing. Moreover, outbreak of the COVID-19 has led to a halt in logistics and manufacturing activities across the globe, which, in turn, led to interruption of supply chain, thereby hindering the composite decking and railing market growth. However, this situation is expected to improve as governments have started relaxing norms around the world for resuming business activities.

Furthermore, emerging countries in Asia-Pacific and LAMEA such as Brazil, India, China, and others are rapidly urbanizing and a lot of new construction is being carried out. Moreover, the spending capacity on beautification of buildings is gradually rising in these countries. This acts as an opportunity for the growth of composite decking and railing market share during the forecast period.

The composite decking and railing market analysis is segmented into type, application, resin type, composition, product type, and region. By type, the market is segregated into capped and uncapped. By application, it is divided into residential sector and non-residential sector. On the basis of resin type, it is classified into polypropylene and polyethylene. Compositions covered in the study include new solid and hollow. On the basis of product type, it is bifurcated into decking and railing. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, and the rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

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Key Findings Of The Study

By type, the uncapped segment was the highest revenue contributor in 2020.
On the basis of application, the residential sector segment was the highest revenue contributor in 2020.
By resin type, the polyethylene segment dominated the composite decking and railing market trends in 2020.
Depending on composition, the solid segment acquired the leading position in 2020.
By product type, the decking segment dominated the market in 2020.
North America generated the highest revenue in 2020.

Leading Players:

The major players profiled in the research include Axion Structural Innovations LLC, Fortress Building Products, Fortune Brands Home & Security, Inc. (Fiberon), Genova Products Inc., Green Bay Decking, Shanghai Seven Trust Industry Co., Ltd, The AZEK Company Inc. (TimberTech), Trex Company, Inc., UFP Industries, Inc. and UPM. Major companies in the market have adopted product launch and business expansion as their key developmental strategies to offer better products and services to customers in the composite decking and railing industry

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AI in Oil and Gas Market Trends, Business Strategies and Opportunities with Key Players Analysis 2031

Benefits such as excellent fault detection and quality improvement, reduction in costs related to production and maintenance, and enhanced safety and security standards drive the growth of the global AI in Oil and Gas Market. However, significant reduction in demand for fossil fuels and high emission of carbon dioxide (CO₂) and other greenhouse gases restrain the market growth.

On the other hand, high rate of adoption of AI technologies across the oilfield operators and service providers and rise in investments by government and private organizations create new opportunities in the coming years.

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Based on operation, the upstream segment contributed to the highest market share in 2021, accounting for nearly three-fifths of the global AI in oil and gas industry, and is expected to maintain its dominant share during the forecast period. This is due to usage in searching for potential underground or underwater crude oil and natural gas fields, drilling of exploratory wells, and drilling & operating the wells to lift the crude oil or raw natural gas to the surface.

However, the midstream segment is projected to manifest the fastest CAGR of 14.6% from 2022 to 2031, owing to utilization in activities such as storage, processing, and transportation of petroleum products and specialization in operating pipelines, tanker ships, or storage facilities. The research also analyzes the downstream segment.

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Based on component, the solution segment accounted for the largest market share in 2021, contributing to more than three-fourths of the global AI in oil and gas market, and is projected to maintain its lead position during the forecast period. This is due to availability of a wide range of solutions that are applicable in quality control, predictive maintenance, production planning, and efficient fleet management.

However, the services segment is estimated to witness the largest CAGR of 15.4% from 2022 to 2031, owing to smooth end-to-end user experiences and utilization of AI in oil and gas services to enable users accomplish their goals without needing to navigate to multiple sites.

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Based on region, North America held the largest market share in 2021, accounting for around two-fifths of the global AI in oil and gas market, and is expected to maintain its lead status by 2031. This is due to high rate of AI technology adoption across the oilfield operators and service providers, presence of leading AI software and system suppliers, and rise in R&D activities.

However, Asia-Pacific is projected to register the fastest CAGR of 15.2% from 2022 to 2031, owing to measures taken to fulfill the rise in demand for fuel with increase in passenger cars in the region. The research also analyzes regions including Europe and LAMEA.

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Covid-19 Scenario

The Covid-19 pandemic led to decline in demand in the oil and gas industry. As per the statistics published by the International Energy Agency, the oil demand reduced by nearly 29 million barrels per day during April 2020. Moreover, it further declined by 23.1 million barrels per day by the second quarter in 2020. However, the implementation of AI in the oil and gas sector surged considerably during the period.
Many oil & gas activities such as drilling, extraction, and others were stopped completely or partially due to lockdown. Lack of availability of sufficient workforce affected the daily activities. However, the implementation of advanced technologies such as AI increased for carrying out various operations such as predicting the outcomes of mining operations.
Many government authorities and private organizations postponed their investments in R&D activities with the occurrence of economic uncertainty. Post-pandemic, the market is estimated to stabilize and investments would increase steadily.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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3D Printing in Oil & Gas Market

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Industrial Adhesives Market Size is Estimated to be USD 54.9 Billion and Grow at a CAGR of 6.3% to 2027

Rise in demand from the packaging sector and rise of the automotive industry in developing countries fuel the global industrial adhesives market. Asia-Pacific accounted for the highest market share in 2019, and is projected to maintain its lead position by 2027. Manufacturing activities of industrial adhesives have been hindered due to lockdown imposed by many countries. In addition, supply chain has been disrupted to curb the spread of coronavirus.

A complete and wide-ranging evaluation of the aspects that drive and restrain the market growth is also provided throughout the study. This detailed exploration of the market size and its proper segmentation help the market players define the prevalent opportunities that are looming large.

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According to the report published by Allied Market Research, the global industrial adhesives market generated $39.0 billion in 2019, and is projected to garner $54.9 billion by 2027, manifesting a CAGR of 6.3% from 2020 to 2027.

The report helps clients in comprehending the first-hand knowledge of the global market while providing a full-fledged understanding of the regional-level analysis of each segment. At the same time, the study contain in-depth information of the frontrunners that are active in the industry along with their financial agenda, segmental profits, company trends, services/products offerings, and major adopted stratagems.

The vinyl segment accounted for the highest share, holding more than one-third of the total market share in 2019, and is projected to maintain its leadership status throughout the forecast period. Moreover, this segment would witness the fastest CAGR of 6.6% from 2020 to 2027. The research also analyzes segments including polyurethane, epoxy, acrylic, and others.

The Industrial adhesives market report keeps a perfect tab on the market share of several companies, recent market trends, revenue forecast, and new product launches across the market. The report includes company profiles that delineate the revenue share of the top competitors in the market. Simultaneously, the report provides revenue forecasts for four regions and more than twenty major countries across Asia-Pacific, LAMEA. North America and Europe.

Asia-Pacific accounted for the highest market share in 2019, contributing to nearly half of the total market share, and is projected to maintain its lead position by 2027. In addition, this region is projected to witness the highest CAGR of 7.2% during the forecast period. The report also analyzes regions including North America, Europe, and LAMEA.

Industrial Adhesives Companies Covered Market:- 3M Company, Avery Dennison Corporation, Arkema S.A., Henkel AG & Co. KGaA, H.B. Fuller, Jowat SE, Parker Hannifin Corp, Wacker Chemie AG, Pidilite Industries Limited and Other.

Analysis of COVID-19 impact

The outbreak of the pandemic has had a massive impact on the majority of industries and the Industrial adhesives market was also not an exception in this regard. The report provides a detailed study on the micro- and macro-economic impact during the pandemic. Additionally, it emphasizes the direct impact of the COVID-19 pandemic on the Industrial adhesives market in the form of qualitative study. The report offers explicit details regarding the market extent and shares during this unprecedented time. At the same time, the major strategies adopted by the market players to combat the global crisis is also covered under the report. Last but not the least, the report highlights how the pandemic has distorted the supply chain of the market and takes in a post-COVID-19 analysis too.

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Structural Health Monitoring Market Expected to Reach $3.8 Billion by 2027

The Global Structural Health Monitoring Market size is expected to reach $3.8 billion in 2027 from $1.6 billion in 2019, growing at a CAGR of 14.5% from 2020 to 2027. In 2019, Asia-Pacific dominated the market, in terms of revenue, accounting for 37.0% share of the global market.

Top Companies

The major players operating in the industry include National Instruments Corporation, Advitam Inc., Digitexx Data Systems, Inc. Acellent Technologies, Inc., Nova Metrix LLC, COWI A/S, Geocomp Corporation, Hottinger Baldwin Messtechnik GmbH, Strainstall UK Limited, and Kinemetrics Inc.

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Structural health monitoring (SHM) is a non-destructive diagnostic method used to evaluate the current state of a structure. SHM includes the implementation of techniques and strategies for damage characterization and detection for applications in civil engineering, aerospace industry, and mechanical engineering. Moreover, majority of the infrastructure in developed nations was developed after the Second World War and the industrial revolution. Hence, most of these structures are overused and old. In addition, the growth in population and development in lifestyles have deteriorated the condition of these structures such as bridges, pipelines, transportation systems, and others. SHM can assist in real-time continuous assessment of these structures, which can predict repairs and maintenance, resulting in lowered number of damages and accidents.

Moreover, Asia-Pacific is the highest contributor in the structural health monitoring market followed by North America. Rapidly aging infrastructure and rise in population in these regions drives the structural health monitoring market growth. In addition, various countries in the Asia-Pacific region have increased their focus on the field of structural health monitoring, owing to rise in awareness regarding the benefits of SHM.

The rapid urbanization and frequent occurrences of natural calamities, such as earthquakes, are the major growth drivers for the structural health monitoring market analysis in the Asia-Pacific region.

According to component, the hardware segment highly contributed toward the structural health monitoring market due to development in sensor technologies in the industry. In addition, the reduction in prices of wireless sensors for SHM applications also assisted in driving the growth of the market.

The COVID-19 pandemic has negatively affected the structural health monitoring market mainly due to halt in international trade, prolonged lockdowns, and ceased construction processes. In addition, the major end-user companies located in countries such as the U.S., China, Germany, the UK, and others are also facing financial impacts due to halted production, which is likely to hinder the market growth during 2020.

The global structural health monitoring market is segmented on the basis of application, end user, component, and region. Based on component, the market is fragmented into hardware, software, and services. According to end user, the market is categorized into civil, aerospace, defense, mining, energy, and others. By connectivity, the market is classified into wired and wireless.

The global Structural Health Monitoring market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest market share throughout the study period, and LAMEA is expected to grow at the fastest rate.

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Industrial Emission Control Systems Market to Reach $21,133 Million

Industrial Emission Control Systems Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $21,133 million. Electrostatic precipitators (ESP) are estimated to dominate the market. Asia-Pacific led the market, accounting for around 40% of the global market.

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Emission control systems are devices that monitor and diminish the hazardous products, which are released into the atmosphere by combustion and other emission processes in the industrial environment. Emission sources such as power plants, cement, mining & metals, and chemical industries utilize this equipment to convert such air contaminants into water vapor and carbon dioxide, which can be safely released into the atmosphere. The global market for industrial emission control systems is driven by the stringent environmental regulation standards, rapid industrialization, growth in coal power industry in developing countries and cement industry, and adoption of stringent mercury emission regulations. However, the market growth is limited by the increase in use of alternate fuels for power generation and decrease in investment in coal power sector from developed countries such as the U.S. and other European countries.

The global market for industrial emission control systems is estimated to witness significant growth over the forecast period. This market is driven by the change in regulatory environment globally. Industries worldwide need to comply with various international, federal, state, and local government legislations, failing which they would have to potentially face large fines or suspensions in operations. Governments have set out strong regulations for power plants and other emission sources to cut down their carbon and other harmful pollutant footprints. The enforcement of these regulations is expected to provide significant boost to the market.

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The major emission sources for industrial air pollution are coal and thermal power plants. These plants emit a wide range of harmful air contaminants such as particulate matter, nitrogen oxides, sulfur oxides, mercury, and other contaminants, which can potentially cause lung failure and other diseases. To control these emissions, adoption of emission control equipment becomes a priority for industries. The power generation segment contributes to around 45.4% of the global market for industrial emission control systems. This segment utilizes advanced emission control technologies such as selective catalytic reactors (SCR), electrostatic precipitators, fabric filters, and other equipment to regulate the emissions from the industry.

The power generation segment is expected to witness substantial growth over the forecast period as its growth is driven by the installation of new coal-fired power plants in China, India, and other emerging regions. The market for this industry is also fueled by several retrofit programs that are being undertaken. The key factor restraining the market growth is increase in use of alternate sources for power generation such as wind, solar, and hydropower in developed regions such as North America and Europe.

The global market based on equipment type is segmented into electrostatic precipitators (ESPs), fabric filters, scrubbers, cyclone separators, thermal oxidizers, catalytic reactors, and others. Among these, ESPs dominated of the market with around 34.3% share. High adoption rate of these equipment is due to their low operating costs, high efficiencies, and temperature flexibility. The market for ESPs is projected to grow at a CAGR of 8.2% over the forecast period.

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Based on the emission source type, it is divided into power generation, chemical, cement, mining & metals, pulp & paper, manufacturing, and others. Power generation was estimated to be the most dominant emission source, and may retain its lead in the future. Coal-fired power plants have the highest pollutant emission rates among all the industrial sources. These plants release harmful air pollutants such as sulphur dioxide (SO2), nitrogen oxides (NOX), particulate matter, and others, which are being controlled by use of advance emission control technologies. The growth in the market for power generation segment is driven by installation of new power plants and retrofit activities in existing plants.

The global market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific was the most dominant market in 2015, and is expected to continue to its this trend throughout the forecast period. In this region, major downstream industries such as power generation, building materials, chemicals, and pulp & paper have created high demand for extraction, desulphurization, and emission control equipment. The market in Asia-Pacific is dominated by China, which witnessed rapid development in the past few years due to the high level technology, booming downstream industries, and increasingly stringent regulations.

Asia-Pacific is estimated to be the fastest growing regional market for industrial emission control systems, owing to growth in the Chinese and Indian markets. This is expected to be attributable to growth in power generation sector and government initiatives in infrastructure and urban development, which drive the cement industry.

Key findings of the Industrial Emission Control Systems Market :

In 2015, ESPs led the overall market revenue, and are projected to grow at a CAGR of 8.2% during the forecast period.
The thermal oxidizers segment is expected to grow at a significant CAGR of 9.2% owing to their ability to destroy odors and toxic VOCs and operate at high efficiencies.
Cement industry segment is projected to grow at a CAGR of 8.3%.
China is the major shareholder, accounting for around three-fourths of the Asia-Pacific industrial emission control systems market.
The key players in the industrial emission control systems focus on expanding their business operations in fast-growing emerging countries and adopt acquisition as their key growth strategy. The major players profiled in this report include General Electric Company, Mitsubishi Hitachi Power Systems Ltd., Fujian Longking Co., Ltd, Johnson Matthey PLC, Ducon Technologies Inc., Babcock & Wilcox Co., AMEC Foster Wheeler PLC, CECO Environmental Corp, Hamon Corporation, Thermax Ltd, and BASF SE.

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IoT in Energy Market Present Scenario on Growth Analysis along with key industry players

Surge in penetration of IoT-based solution in the energy sector and increased adoption of network technologies have boosted the growth of the global internet of things (IoT) in energy market.

On the other hand, increase in adoption of IoT and AI in the energy industry and deployment of smart grid for energy optimization in commercial, household, and industrial buildings are expected to open lucrative opportunities in the future.

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As per the report published by Allied Market Research, the global internet of things (IoT) in energy market was accounted for $109.19 billion in 2021, and is estimated to garner $703.52 billion by 2031, growing at a CAGR of 20.6% from 2022 to 2031.

The report divides the global internet of things (IoT) in energy market on the basis of component, network technology, application, organization size, and region.

Based on component, the solution segment held the largest share in 2021, accounting for more than two-thirds of the market. However, the services segment is projected to manifest the highest CAGR of 22.1% during the forecast period.

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On the basis of network technology, the radio network segment held the lion’s share in 2021, contributing to around two-thirds of the market. However, the cellular network segment is estimated to portray the highest CAGR of 25.4% from 2022 to 2031.

The report offers an analysis of the global internet of things (IoT) in energy market across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2021, accounting for around two-fifths of the market. However, the market across Asia-Pacific is anticipated to showcase the highest CAGR of 24.0% during the forecast period.

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The global internet of IoT in energy market report includes an in-depth analysis of the prime market players such as Accenture PLC, HCL Technologies, Bosch, Cisco, Google Inc., Hewlett-Packard, IBM Corporation, Intel Corporation, Sap SE, and Schneider Electric.

Covid-19 scenario:

The Covid-19 pandemic positively affected the market due to surge in adoption of work from home culture across the globe.
During the pandemic, IoT proved to be very advantageous for the energy sector as it allowed to control energy usage from a remote location.

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Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm the utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us and is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Smart Bathroom Market Size Worth $10.8 Billion Forecast by 2030

The Global Smart Bathroom Market size was valued at $3.7 billion in 2020, and is projected to reach $10.8 billion by 2030, registering a CAGR of 11.2% from 2021 to 2030. A number of businesses have modernized and rebranded themselves as smart industries as a result of Internet of Things (IoT) and the growth in user base of smart phones. The global market is one such market.

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The surge in trend of automation has propelled this industry forward. The increased popularity of high-tech toilets and digital faucets is likely to fuel the market’s expansion in the coming years. Smart bathroom consist of smart windows, hand dryers, touchless faucets, and toilets. These systems aid in water and energy saving. Construction companies have substantially invested in the creation of smart buildings with amenities such as smart toilets to stimulate development.

Top Companies

The key players operating in the global smart bathroom market are Toto Ltd., Jacuzzi Brand LLC, Roca Sanitario, Kohler CO., Jaquar, Cera Sanitaryware Ltd., LIXIL Corporation, Pfister (Spectrum Brands), MASCO Corporation and Delta Faucet Company.

The demand for smart bathroom has smart bathroom market growth in penetration of smart homes in both emerging and established countries throughout the world. Furthermore, the rise in home improvement projects and bathroom renovations, is paving the way for a variety of smart bathroom in both the residential and commercial sectors. Owing to rise in property and mortgage prices, more expenditure on home renovation projects or remodeling drives product demand. Furthermore, consumers have been showing interests in bathrooms with built-in smart fittings, smart toilets, faucets, and soap dispensers that operate on sensors to create a spa-like experience.

Smart toilets are equipped with extra features and sensors that allow them to perform a number of tasks other than just flushing. Smart toilets often use significantly less water than traditional toilets, in addition to providing a better bathroom experience. As a result, they are an excellent alternative for saving water and conserving energy. Key players are focusing on launching smart toilets for maintaining hygiene and saving water. For instance, in December 2020, TOTO Ltd. has launched RP Compact toilet series for small bathrooms. The RP series has powerful cyclone tornado flush and the CEFIONTECT glazing, which is extremely smooth, robust, and long-lasting.

The expansion of building sector in many countries has offered significant growth opportunity for smart bathroom market. For example, in November 2020, China’s central government set a goal of completing 70% of new safe building construction by 2022. Similarly, in May 2019, the Indian government presented a $1.5 trillion construction investment plan for a six-year period ending in 2025. This investment will go toward improving school and higher education building quality, as well as health, sports, and basic infrastructure. Such government initiatives will act as a growth driver for market.

However, during the pandemic lockdown, various manufacturers in the market had to stop their business countries such as China, the U.S., and India. This break directly impacted sales of smart bathroom companies. In addition, lack of manpower and raw materials also constricted supply of equipment of smart bathroom has negatively influenced growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of smart bathroom companies.

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