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Demand for  vibration control systems  is likely to witness a revival in 2021, according to the latest edition of the study by ESOMAR-certified market research firm, Future Market Insights (FMI). The study also finds that a significant percentage of industry players are confident of growing investments in automation, a strategy stalled by COVID-19 outbreak. However, the pace of recovery is likely to be muted in 2021, with a robust recovery anticipated in 2022 onward. As the automotive industry has grown significantly over the past years, the demand for various type of vibration control systems such as automation control, motion control, vibration control, and others has increased substantially. With vibration control system manufacturers bringing in a flurry of products, Future Market Insights (FMI) expects outlook to be bullish during the period 2021-2031 As the key end-use industries such as mining & quarrying, food manufacturing, textiles, and others are subject...

Increasing investments in mechanical equipment will pave the way for the expansion of the  industrial air compressor market  in the coming years. As per a Future Market Insights (FMI) analysis, the industrial air compressor market is projected to be valued at ~US$ 26.7 Bn in 2021. The ongoing crisis caused by the COVID-19 pandemic has caused a severe impact on the global economy. It has resulted in complete shutdown of the supply chain networks and manufacturing activities. This has subsequently affected the industrial air compressor market, causing a significant drop in the growth. However, the industrial air compressor market is expected to recover as the economic activity resumes following the containment of the pandemic. Manufacturers of industrial air compressors are focusing on the development of digitally controlled systems such as compression solutions with automation and digitalization. This in turn is expected to create positive growth prospects for the growth in...

The submersible pumps market is expected to register year-on-year growth at  4.6%  in 2021, with the overall valuation totaling  US$ 8.80 Bn  in 2021. As per a recent analysis by Future Market Insights (FMI), sales of submersible pumps are expected to increase at  5.1% CAGR  between 2021 and 2031. According to the study, the overall submersible pumps market valuation is forecast to top  US$14.45 Bn  by 2031. Borewell submersible pumps will remain highly sought-after. Meanwhile, the sales of open well submersible pumps will increase at a steady pace, exhibiting growth at a  5.7%  CAGR in between 2021 and 2031. Base Year Value (2020A) US$8.42 Bn Estimated Year Value (2021E) US$8.80 Bn Projected Year Value (2031F) US$14.45 Bn Value CAGR (2021-2031) 5.1% Collective Value Share: Top 3 Countries (2021E) 33.5% In the last few years, water stress has been a leading concern across the world, which has in turn fuelled the demand for new wat...

Agriculture equipment sales are projected to reach about  6.7 Mn units by 2031  due to the growing use of modern farm machinery. The top 5 market players collectively held a  44 percent market  share in 2021, as the Agricultural Equipment Market experienced year-over-year (YOY) growth of  3.7 percent  between 2020 and 2021. Between 2021 and 2031, the  market for agricultural equipment  will grow at a consistent  CAGR of 4.8 percent . By the end of 2021, the market value is anticipated to reach  US$ 65 Bn . Growing popularity of precision farming is augmenting the demand for modern agricultural equipment. With the integration of artificial intelligence (AI) and internet of things (IoT), the sales of agriculture equipment are soaring. Smart farming is gaining traction. Introduction of ele...

  The global  hammer mill  market is estimated to expand at a  CAGR of 4.3%,  reaching a valuation of more than  US$ 1,106 Mn  by 2032. Hammer mills are good for breaking down hard, dry materials like straw, maize cobs, wood chips, and other fibrous materials. They are suitable for use in residential areas due to their low vibration and noise levels, but they are also an excellent investment for commercial applications due to their long life and low maintenance requirements. Because of their diverse processing capabilities, they can be used in a wide range of industries, and the speed can be adjusted to meet a variety of materials. These days, hammer mills are becoming increasingly popular. The main reason for this is that they are highly adaptable devices. They can be used for a variety of things, including the production of biomass and feed. They are also extremely effective and capable.   “Increased machine utilization and demand for hi...

  As per the research at FMI, the  mining hoses market  was valued at US$ 370.86 Million and is predicted to reach US$ 616.43 Million by 2032, growing at an average 5.6% CAGR. Increased production of various minerals such as copper, gold, and iron, including some product manufacturing companies implementing mining programs, are driving the mining hoses market.  The booming construction sector as developing countries like India and China build and reform their infrastructure to support consistent economic development along with building and repairing highways is also flourishing the growth of the mining hoses market in new markets.  Cost-effective and environmentally friendly construction techniques are integrating with modern construction practices, including transportation and building, which are driving the market's growth and expanding its market size worldwide.  Increased production of minerals an...

The  electronic equipment repair services market  is expected to reach a net worth of $228.2 billion in 2032, up from $121.2 billion in 2022, according to a market study report by Future Market Insights (FMI). It is expected to grow at a rate of 6.5 percent during the next few years. The volume of electronic devices and appliances has increased significantly as economic conditions have improved and electrical grid networks have developed around the world. Electronic device repair services have also increased in number, making it a lucrative company all around the world. The demand for electronic equipment that is prone to failure and frequent failure has increased as a result of industrial automation in numerous areas. Service for industrial electronic equipment during the projection years, the market size is expected to grow even more with the introduction of the fourth industrial revolution, or IR 4.0. Wearable smart devices that are connected to the internet have beco...

  A new market research report by Future Market Insights on the  refrigeration and air conditioning compressors market  includes global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the refrigeration and air conditioning compressors market and provides critical insights for the forecast period of 2022-2029. As per the findings of the report, the global refrigeration and air conditioning compressors market is expected to experience substantial growth during the forecast period due to multiple driving factors such as increasing retail stores across the globe. The global refrigeration and air conditioning compressors market value at US$ 34.2 Bn in 2022, and is estimated to increase at a CAGR of 2.7% during the forecast period of 2022-2029. This growth is majorly driven by the increasing consumption of refrigeration and air conditioning compressors in residential applications, commercial applications, and industria...

  Future Market Insights delivers key insights on the global  electrical enclosure market  a new publication. The long-term outlook on the global electrical enclosure market remains positive with the market value expected to increase at a CAGR of 4.9% during the forecast period (2022-2028). Among the end use segments in the electrical enclosure market, the industrial segment is expected to expand at a significant CAGR in terms of value as well as volume over the forecast period.  Global sales revenue of electrical enclosures is estimated to be valued at US$ 62.22 Bn by the end of 2022. China is estimated to account for a value share of 37.1% in the global electrical enclosure market by 2022 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the various drivers and restraints likely to impact revenue growth of the market during this period. 2013-2021 Electrical Enclosu...

  The  market for Heat Recovery Steam Generator review  with heat recovery will surpass  US$ 1.1 billion in 2021 . The demand for energy-efficient power generation solutions and rising investments in enhancing power plant efficiency are identified as the main growth drivers. These factors are expected to cause the market to expand at a steady  CAGR of 5.7 percent , with the U.K., the U.S., Germany, and Japan emerging as major producers. As per ESOMAR-certified consulting firm Future Market Insights (FMI), the global heat recovery steam generator market is anticipated to reach  US 1.1 Bn  in 2021. With the U.S., the U.K., Germany, and Japan emerging as key producers, the market is poised to grow at a  5.7% CAGR  through 2031. In addition, government initiatives in counties such as the U.S., the U.K., India, and China regarding the promotion of renewable energy will spur demand for heat recovery steam generators in the forth...

Global  electric sub-meter  sales  were valued at around  US$ 9.74 Bn  at the end of 2021. The market is projected to register  3%  CAGR and reach a valuation of  US$ 12.8 Bn  by 2030. Sales of electric sub-meters accounted for approximately  35%  share of the global electric meters market in 2021. Smart sub-meters continue to carve out a significant share in overall electric sub-meter sales. According to FMI analysis, the difference between the BPS values identified in the Electric Sub-Meter market in H1, 2022 – Outlook over H1, 2022 Projected shows a gain of 28 units. Notably, compared to H1, 2021, the market is expected to go down by 35 BPS in H1 -2022. Key reasons for this change due to the major market obstacle is corporate governance’s refusal to pay the upfront cost of installing sub-meters. Users’ lack of information regarding effective energy management, precise invoicing, and increased transparency is impeding i...

Witnessing the industry’s much-anticipated shift from the traditionally preferred gypsum board to sustainably superior spray foam, the global  air barrier market  value will exceed US$ 16,932.8 Mn by 2022 end. A recent research study by Future Market Insights (FMI) suggests that the overall growth of the market for air barriers will be moderate during the period forecast, 2022 – 2029. Increasing installations of insulation systems are specifically driving the call for air barriers in the residential building zone. However, the demand may even see a great upward thrust in business and commercial sectors in the following years. This demand growth is attributed to the growing stringency of rules and commercial building code of behavior says the file. Demand for air barriers is projected to grow at a value of 4.6% CAGR between 2022 and 2029. Future Market Insights (FMI) forecasts the market value to reach US$ 16,932.8 Mn by 2022 end. To Know more@ https://www.fu...

  The Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018, and is estimated to increase at a CAGR of ~3% during the forecast period of 2019-2029. This growth is majorly driven by the increasing consumption of wood pellet heating systems in commercial, residential, as well as industrial sectors. The Europe wood pellet heating systems market was valued at ~US$ 4.7 Bn in 2018. The wood pellet heating systems market is expected to grow at a CAGR of ~3% during the forecast period of 2019-2029. Operational efficiency & economic benefits ensure high demand for wood pellet heating systems. Collectively, Italy and France markets are estimated to account for ~50% of the sales in the wood pellet heating systems by the end of 2029. Italy is expected to be the key revenue maker for wood pellet heating systems, owing to government subsidies and incentives for installation of biomass heating ...

  Global Switchgear sales are set to be valued at US$ 72.44 Bn in 2021 and is expected to have a stable long-term projection, according to latest insights from Future Market Insights (FMI), an ESOMAR-certified research and consulting firm. The report has forecast the global  switchgear market  to grow at nearly 6.9 % CAGR during 2021-2031. The report offers analysis of growth trajectory exhibited by the market in 20+ high-growth countries. It offers detailed insights on into factors that will be driving growth over the coming decade. The demand for switchgear was moderate in the 2020 however with it had to experience a brief period of lackluster growth on account of the unprecedented COVID-19 outbreak. Supply chain disruptions witnessed by end-use sectors such as T&D utilities, commercial, industrial and residential had restrained growth to an extent. However, considering the possibility of a stimulus in many countries, the long-term outlook on the market remain...

As industries look to leverage effective water treatment solutions, investments in  industrial vacuum evaporation systems  are expanding, with prominent end-users preferring thermal evaporators over other types. Consumption of industrial vacuum evaporation systems is anticipated to rise between 2022 and 2030 at a  CAGR of 6.1 percent . The market for industrial vacuum evaporation systems is currently valued at  US$ 2.43 billion , and by the end of 2030, it is predicted to generate US$ 4.16 billion in revenue. In line with the take a look at, the marketplace is probably to develop at 6.7% CAGR through 2030, with growing consciousness on wastewater control inducing momentum. ESOMAR-certified marketplace studies firm, destiny Market Insights (FMI) has lately posted a document on the worldwide industrial vacuum evaporation systems marketplace, explicating the vital dynamics answerable for shaping boom throughout the 2022-2030 evaluation length. Over time, wastewater ...