Global PET film coated steel coil market forecast will be largely propelled by robust demand for home appliances. Laminated steel sheets are widely used in manufacturing electrical and electronics home electronics. Evolving living standards coupled with growing demand for comfort while performing household chores and activities will augment the business growth.
Coated steel coils offer excellent advantages such as high strength, robust durability and superior corrosion resistance which makes it suitable for the production of various home appliances. The product is ecofriendly in nature and eliminates the paint baking process during appliance manufacturing. Emergence of small local as well as presence of prominent home appliance manufacturers will propel PET film coated steel coil industry outlook in the coming years.
Refrigerators and freezers segment held 36% of total PET film coated steel coil industry share from home appliances during 2018. Growing depletion of fossil fuels along with rising pollution has resulted in increased environmental concerns. This has led an increasing number of consumers to opt for single door refrigerators, thereby fostering the adoption of PET film coated coils.
Uncertainty in the trade environment such as the ongoing US-China trade war are rendering negative impact on the industry growth. Unpredictable fluctuations in financial markets are impacting the overall supply chain dynamics worldwide. However, the adoption of latest and advanced technologies for product manufacturing will offer ample opportunities for manufacturers, fostering PET film coated steel coil market trends over the forecast timeline.
Strict regulations and guidelines set forth by regulatory bodies related with respect to the release of harmful gases into the environment is expected to hamper the business growth up to certain extent. For instance, the U.S. government has enforced national emission standards over release of harmful gases and air pollutants used for metal surface coating into the atmosphere.
Rapidly shifting consumer needs and preferences towards adoption of smart home appliances are significantly driving the product innovations. Advanced technologies such as microstructure control are being used to achieve additional strength, magnetic shielding and formability required by electrical and electronic home appliances.
Busy and evolving consumer lifestyles have subsequently fueled the demand for convenience and ready-to-eat foods. This in turn has accelerated the demand for highly energy-efficient refrigerators which offer a safe, easy and convenient option for food preservation. Advancements in technology such as pairing of smartphones with refrigerators through IoT and installation of cold-water taps on the door will expand the product scope in smart kitchen applications.
Asia Pacific PET film coated steel coil industry size is estimated to record a prominent CAGR of over 7.5% over 2019-2025. This growth will be prominently led by India which is one of the largest markets for electrical and electronics home appliances. Favorable initiatives by the Indian government such as “Start-up India” and “Make in India” coupled with rising affordability and easy availability of credits will complement the regional industrial outlook.
In addition, 100% FDI for electrical and electronics hardware manufacturing in India will drive manufacturing sector. Presence of prominent manufacturers in regions including Japan, China and South Korea is anticipated to boost the demand for laminated steel sheets and coated steel coils.
China consumes over 48% of the total finished steel products. Emergence of smart and efficient online distribution channel and increasing number of logistics startups will accelerate the business growth across the region.
Author Name : Hrishikesh Kadam
Global microporous insulation market forecast will pe primarily driven by positive application outlook in automotive, transportation and aerospace industries. Microporous insulation materials are majorly employed in a range of different automotive and aerospace components such as voyage data recorders (VDR), auxiliary power units, exhaust systems and black boxes.
The world population has witnessed a rapid upsurge in the past few decades which has consequently fueled the global power demand. Excellent characteristics of microporous insulation materials such as superior resistance to thermal shocks, low shrinkage and low thermal conductivity makes them suitable for a range of applications in nuclear power stations, consolidated solar plants, conventional thermal plants and fuel cells.
High operational and manufacturing costs associated with microporous insulation products might impede the business growth up to certain extent. However, growing product demand for use in the manufacture of glass, domestic ovens and storage heating applications will positively contribute towards microporous insulation industry growth.
Microporous insulation materials are extremely lightweight and can significantly increase the load-carrying capacity in vehicles, making them best-suited for application in the transportation sector. Rapid urbanization and growing industrialization activities in regions such as Asia Pacific and Latin America will further propel microporous insulation market forecast in the coming years.
Based on material, global microporous insulation market share is classified into alumina silica and calcium magnesium silicate. Alumina silicate-based microporous insulation products can withstand temperatures of 1000°C and above which makes them suitable for application in various end-use sectors. Alumina silica microporous insulation industry size is projected to register a robust 11% CAGR over 2019-2025.
Global microporous insulation market share can be segmented into rigid boards & panels, flexible boards, and others in terms of products. Rigid microporous insulation panels and boards are largely used in energy & power and metal works industries. Rigid boards & panels product segment in microporous insulation industry was valued at around USD 130 million in terms of revenue during 2018.
Based on end-user, global microporous market share is segmented into oil & gas, energy & power, transportation, metal works, and others. Robust demand from automotive, transportation and aerospace industries will favor the industry growth over the coming years. Oil & gas end-use segment in microporous insulation industry is estimated to generate revenues in excess of USD 250 million by the end of the forecast timeframe.
Growing number of developing regions around the world are undertaking oil & gas exploration activities in order to address the burgeoning demand. For instance, China has planned to invest more than USD 280 billion in Iran’s oil & gas and petrochemical sectors. The country also plans to invest close to USD 120 billion to upgrade its existing transportation and manufacturing infrastructure, presenting favorable opportunities for small as well as prominent microporous insulation manufacturers in the region.
North America microporous insulation industry size is projected to surpass USD 400 million by 2025. This can be mainly attributed to proliferation of automotive, aerospace and transportation sectors in the region. Growing implementation of emerging and advanced technologies in these end-use industries is driving the regional demand. In addition, surging demand for energy-efficient power supply will further complement the business outlook.
Author Name : Hrishikesh Kadam
Escalating demand for hot water and steam across commercial and residential establishments will drive the U.S. Boiler Market outlook. The region has been witnessing growing investments toward modernization and replacement of the aged-out boilers owing to increasing carbon footprint. The new generation boilers are designed to follow the improving emissions standards which will create novel growth opportunities for the industry players in the coming years. For instance, Environmental Protection Agency has introduced National Emission Standards to reduce hazardous air pollutants emitted from the commercial and industrial facilities.
A boiler allows the utilization of a varied number of fuels such as natural gas, peat coke, coal, oil, and wood chips, thus providing high flexibility favoring the product adoption. The closed vessel design of the product eliminates the chances of water evaporation, assisting in achieving required pressure for steam generation on a larger scale. The hot water and steam are then carried out through separate pipelines to multiple household, commercial and industrial equipment for heating or any other required purposes.
Increasing efforts for curbing carbon emission given the rising environmental hazards will drive the U.S. boiler industry trends. The regional government is focusing on development of zero emission buildings for large facilities such as offices, educational institutes, and hospitals in order to cut down energy related emissions. Such advancements in reducing emissions at the root level will necessitate implementation of sustainable technologies.
Furthermore, the U.S government has launched National Action Plan to achieve energy optimization across multiple public & private sectors. Introduction of additional energy efficiency polices & regulations in the upcoming years will accelerate demand for low emission boilers further stimulating the U.S. boiler market trends.
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Considering the capacity spectrum, U.S. Boiler Market from 100-250 MMBtu/hr capacity segment is experiencing increasing demand from the refineries on account of the ongoing extension projects. For instance, in January 2019, Exxon Mobil declared the expansion of its refineries in Beaumont, Texas, US, which involves construction and installation of new pipes, and boilers in the refining facility.
The company aims to gradually increase the crude refining capacity by more than 65 percent to achieve 250,000 barrels per day. Ever-increasing demand for refined petroleum products will provide a positive outlook for the U.S boiler market growth.
Robust product deployment across food processing, textile industry, pulp & paper, and metal smelting industries for cleaning, heating, cooling, and humidification purposes will drive the application share. U.S is one of the top three paper producing countries of the world and also is the leading exporter. The U.S. paper industry accounted for 96.1 billion U.S. dollars in 2015, claims an estimate by Statista. Since the process of paper manufacturing deploys steam heated cylinders to form flat paper sheet, the U.S. boiler market will generate significant revenues from the pulp & paper application.
The food industry requires heat at every stage of the process. It can be either direct heat or heat from the hot water or steam which is extremely essential for food processing. Considering the beverage industry, steam is used for cooking, drying, and warming, and also for generalized cleaning purposes in the processing plants. Application of steam eliminates the microbiological risk in food which should augment the U.S. boiler market share from food processing application.
Owing to widespread product applications, the U.S boiler market will witness significant gains during the forecast timeframe. Moreover, the manufacturers in the region are heavily investing on technological upgradation of the heating technologies of the product aiming to improve operational performance, further propelling the industry size over the forecast timeline. According to the latest study by Global Market Insights, Inc., U.S. Boiler Market size will exceed USD 4.5 Billion by 2025.
Author Name : Amol Kothekar
Growing concerns over depleting fossil reserves coupled with the rising environmental impacts from burning conventional fuels will drive global biogas market growth. Increasing awareness about biogas technologies across the globe will encourage the deployment of these technologies.
Government initiatives to promote biogas across end-use industries along with enactment of stringent environmental laws curb GHG emissions will also positively influence the global biogas market trends throughout the forecast timeframe. As per the latest study by Global Market Insights, Inc., biogas market size will exceed USD 110 billion by 2025.
Increasing penetration of biofuels across the transportation sector will create favorable business scenario for the market. Growing initiatives toward the utilizing industrial and municipal waste for energy generation will complement the biogas demand. There have been rising efforts toward the deployment of sustainable energy technologies promoted by several incentives and subsidy schemes. Moreover, governments are bound to reduce the dependency on fossil fuel sources for power generation which will enhance the industry outlook.
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Biogas market from sewage sludge substrate will witness significant gains on account of increasing shift toward utilizing domestic sewage for biogas production which can be further used for electricity generation. In addition, the local bodies have been planning for large scale development of sewage treatment facilities owing to growing environmental concerns from disposing the sewage in the water bodies. Huge availability of sewage from the urbanized areas should accelerate product deployment to sustain the growing electricity demand.
Electricity applications will continue to be a consistent driving factor for the global biogas market in the upcoming years, pertaining to growing awareness toward climate change and ever-increasing electricity prices. 500 kW – 3 MW biogas plants should witness increasing deployment over the study timeframe because of the favorable conditions created by intensifying regulations to minimize energy-related carbon emissions.
Rapid urbanization from the increased migrations from rural areas will surge the residential energy needs. In addition, the ongoing smart city trends should foster the business landscape over the forecast timeline. Furthermore, burgeoning energy demand from the manufacturing units due to proliferating industrialization will enhance the industry outlook.
Global biogas market from commercial application will showcase indispensable growth on account of space heating applications. Availability of abundant feedstock and high energy density makes it a viable option deployment in the commercial sector.
Pre-hydrolysis technology in the biogas industry is projected to account for significant growth owing to rising demand for sludge stabilization. The technology features prominent benefits including minimal production of biosolids, low costs of the process and enhanced energy recovery giving it an edge over other alternatives.
Biogas market size from anaerobic digestion process hit USD 45 billion in 2018 and is further anticipated to achieve a CAGR of over 6% through 2025. The process of anaerobic digestion extracts the energy in the form of biogas and leaving behind the biofertilizer. Growing need for replacing chemical fertilizers with the organic alternatives for improved soil health should drive the segmental growth, given the dual advantage of producing energy and fertilizers.
Asia Pacific biogas market will display commendable gains owing to rising adoption of renewable energy technology and increasing electricity demand. High count of electricity deprived remote location and ongoing modernization of grid infrastructure will fuel the installation of biogas systems in the region.
Increasing awareness toward conservation of agricultural land coupled with growing initiatives for improvement of local economies will foster the development of biogas plants across the emerging economies. Furthermore, high availability of cheap feedstock coupled with increasing carbon emissions will drive the industry growth.
Author Name : Amol Kothekar
Burgeoning demand for batteries across the automotive sector in tandem with the rising requirement of power backup systems in communication centers will stimulate lead market growth. Escalating efforts towards enhancing the efficiency of grids and the subsequent expansion of microgrid networks will also boost the industry landscape.
Additionally, the rising prevalence of blackouts across several regions with limited electricity availability alongside peak load demand compensation will foster elevated demand for the product.
As per Global Market Insights, Inc. estimates, the global lead market size is expected to exceed $27 billion by 2025.
Shifting focus towards lead recycling in Europe
The lead market in Europe is expected to witness appreciable gains during the forecast period as a result of abundant growth in the automotive industry in addition to the increasing number of data centers. Regulatory authorities as well as industry players including Ericsson, Deutsche Telekom and Telia Sonera among others are providing considerable investments towards internet connectivity improvement in Western Europe and the Nordic region.
The steady paradigm shift towards lead recycling and flourishing secondary production in the region will significantly bolster the Western Europe lead industry landscape. Likewise, the EU has several mandates in place for the production, utilization and reuse of batteries, in line with the EU Circular Economy, supported by a well-performing and reputable closed loop recycling system. This system includes the production of automotive batteries, 99% of which are collected at the end of their lifespan and recycled for further purposes.
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Rising demand for starter batteries from automotive sector
In 2018, the lead industry size from batteries recorded revenue of over $19 billion, owing to extensive lead demand across myriad sectors including the automotive and telecom sectors.
In motor vehicles, lead is the primary component of a starter batter while in electric vehicles traction batteries provide efficient emergency power backup in telecom and computer systems. Growing demand for electric vehicles due to strict legislative regulations and favorable policies pertaining to emissions and environmental impact will add impetus to the lead market growth. These shifting preferences towards environment-friendly vehicles and booming investments towards mining activities are key factors fueling industry expansion.
However, escalating incidents of lead poisoning due to consumption across numerous applications are likely to impede industry expansion. For example, the Consumer Products Containing Lead Regulations (CPCLCMR), has restricted lead usage in several consumer products in Canada, with the intention of curtailing direct lead exposure. Additionally, lead use has been cut down in the production of solders, pigments & compounds, electrical equipment and cable sheathing, which may hamper the lead market share.
Dearth of reliable electricity sources in the MEA region
Increased funding for metal and mining activities in the Middle East & Africa regions, in conjunction with higher emphasis on obtaining private investments will impel the lead market outlook. As a matter of fact, the MEA lead market size is expected to register gains of over 5% through 2025.
Unstable electricity access across many African nations has led to a considerable surge in demand for efficient power backup systems, which will in turn drive the demand for lead acid batteries. As of 2019, according to World Bank reports, more than 573 million people living in the sub-Saharan African region are facing a shortage of electricity.
Author Name : Saloni Walimbe
The EV charging infrastructure market share is expected to witness considerable momentum from the budding alliances amid major companies such as Nissan and BMW. In addition, burgeoning demand for electrically-fueled, low emission and energy efficient transportation systems will augment EV charging infrastructure industry trends.
Stringent regulatory policies and mandates pertaining to environmental wellbeing and the rampant penetration of electricity-based clean-energy vehicles gaining widespread popularity are also expected to expedite market growth to a great extent.
Likewise, persistent R&D efforts, technical innovations, and growing financial interest in infrastructure development will further bolster EV charging infrastructure industry outlook.
As emissions from on-road diesel-based vehicles continue to surge, several regulatory mandates have been initiated in order to encourage the implementation of alternate-fuel based vehicles, which will in turn augment EV charging infrastructure market demand. Furthermore, the advent of numerous state and federal purchase incentives has mitigated up-front costs for these vehicles thereby bridging cost-gaps with gas driven vehicles.
The transition towards zero-emission transport is bolstered by escalating taxes on carbon-intensive oils alongside location and distance-specific charges, thereby propelling industry expansion.
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Shifting preferences towards sustainable and energy-efficient transportation systems in Germany
The Germany EV charging infrastructure market trends are expected to proliferate immensely owing to the stringent regulations regarding the influence of GHG emissions on environmental and human well-being.
Proliferation of fuel costs and the subsequent rise in adoption of electric vehicles are likely to foster market development. For instance, the IEA (International Energy Agency) estimates that EV installations will grow twofold from 60 million to approximately 125 million by 2030, asserting a positive impact on infrastructure advancement.
The industry landscape will be further enhanced due to emission reduction and efficient, peaceful transit as a result of the shift from diesel buses to their electric counterparts.
Rising demand for better EV charging infrastructure in the Netherlands region
Technological evolution geared towards the adoption of efficient EV charging stations with significant cost-savings is likely to impel market dynamics. In fact, the Netherlands region is expected to witness a surge in installation exceeding 200 thousand units by 2025.
Installations of EV equipment in the region will also be accelerated owing to rampant progressions in machineries for speedy charging processes and better energy production, storage and management. Myriad financial incentives such as rebates and tax credits for vehicle and charging points are also likely to stimulate electric vehicle charging infrastructure market growth.
Prolific advantages of DC charging towards higher ecological sustainability
DC charging is projected to increase owing to pivotal characteristics including energy storage, grid connection and the ability to send and receive signals of utility pricing. Advantageous regulatory norms & initiatives along with subsidy & grant support and tax rebates will boost charging equipment demand for electric vehicles.
In addition, the rising need for fast & ultrafast DC station installations, including, CCS, Tesla Superchargers and CHAdeMO, will augment the industry growth. Industrial development, heightened awareness of environmental conservation characterized by elevated demand for energy-efficient systems will further stimulate electric vehicle charging infrastructure market share.
Based on Global Market Insights, Inc. estimates, the EV charging infrastructure market size is set to exceed $46 billion by 2025.
Author Name : Saloni Walimbe
Bucket trucks market size is garnering increased momentum demand all over the world, from the rapid growth of the construction sector as a result of investments in infrastructure development projects. Considerable increase in the global population has resulted in large-scale urbanization over the past few decades, which is driving the demand for smart and sustainable infrastructure solutions.
These utility vehicles facilitate easy lifting of people in the air or at heights where ladders cannot be used, or the use of ladders is unsafe. However, the maintenance of these trucks is quite a complex task that involves a number of steps such as checking the working condition of battery, engine, power steering, transmission and wheels. Higher maintenance costs may impact bucket trucks industry trends in the coming years.
Regulatory authorities such as ANSI and OSHA are enforcing norms that require utility vehicles to undergo regular inspections. This helps ensure operator safety and optimizes performance. Following are some other prominent trends that are anticipated to propel bucket trucks industry outlook over 2018-2024.
- Booming global utility sector
Fast-growing world population has gradually fueled the demand for high-quality reliable power. Governments in many regions around the world are making investments to upgrade their existing grid infrastructures. Increasing number of grid development projects will certainly accelerate the demand for insulated bucket trucks in the near future.
These trucks find widespread use in the utility sector. They facilitate safe conveyance of linemen to large heights where they perform tasks such as maintaining, improving and managing electric power distribution and telecommunication network.
Surging demand for these trucks from the utility & power sector will provide tremendous growth opportunities for bucket trucks market size.
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- Growing deployment in telecommunications
Proliferation of smartphones worldwide is adding up to the demand for enhanced and seamless connectivity. Several regions are increasingly spending on telecommunication infrastructure development projects to address this burgeoning demand.
Presence of major telecom companies in developing economies and their efforts to upgrade existing network is assisting the business growth.
Global bucket trucks industry is gaining immense traction on account of extensive use in the telecommunication sector. These trucks are available in various designs and the sturdy built of these trucks makes them best-suited for a range of applications in the telecom sector.
- Increasing construction activities worldwide
Several countries in Europe, Asia Pacific and the Middle East are focusing on refurbishing the existing infrastructure. These countries are undertaking large-scale residential as well as commercial construction and renovation projects to meet the ever-growing demand for commercial buildings and houses.
Ongoing refurbishment projects such as The Al Maktoum Airport project in Dubai and Beijing Airport project in China, as well as upcoming construction projects like Jubail II, the industrial city project in Saudi Arabia, are a few examples.
Asia Pacific countries including China and India are favoring reliable lifting equipment over conventional machines to ensure operator safety, which will complement bucket trucks market outlook over the projected timeline.
- Economic growth in Europe
Presence of major rental companies such as Haulotte Group, Riwal and Kiloutou in the U.K. is anticipated to promote the regional growth. Utility & power and telecommunication sectors in the region are expanding at a rapid pace.
Flourishing construction sector in the region will present new opportunities for market players, from consistent need for hazardous development, repair and maintenance works. UK construction sector is increasingly focusing on replacing conventional construction equipment with advanced lifting equipment.
However, the impact of the country’s decision to leave the European Union (EU) may create market risks for certain companies. Further, continuous slowdown in the international trade along with geopolitical uncertainties may impede the regional demand up to some extent, impacting bucket trucks market size.
Author Name : Hrishikesh Kadam