HVAC and Construction
Boom trucks market will witness a remarkable growth over the coming years, owing to the growing number of infrastructural activities across the globe. Boom trucks are basically small-sized to large capacity vehicles, with a wide range of uses from power companies to industrial applications. Ever-growing requirements of consumers and a rising need for custom-made equipment across various sectors will boost the demand for boom trucks. According to Global Market Insights, Inc., “Worldwide boom trucks industry collected a revenue of USD 350 million in 2015 and is anticipated to record a CAGR of 4.7% over the period of 2016 to 2024.”
U.S. boom trucks market size, by application, 2013-2024 (USD Million)
Many of the end-use industries need customized equipment to perform multiple tasks, which will propel market growth. Growing use of anti-idling technology in truck fleets to conserve energy and reduce fuel emissions will propel boom trucks industry growth over the coming seven years. Popular use of hybrid boom trucks is anticipated to contribute substantially towards the market revenue over the next few years.
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The main application sectors of boom trucks industry are telecommunication, construction & logistics, and utility. Utility application segment will favorably influence the demand for vehicles across the water, electricity, and oil & gas sectors, owing to the various disaster management concerns and regulatory norms. Furthermore, these vehicles can also perform risky operations such as hauling, skidding, loading, felling, on-site processing, and chipping at inaccessible remote locations.
Boom trucks market size in construction application will exhibit an annual growth rate of more than 4% over the period of 2016 to 2024, driven by the increasing concerns regarding work safety, public procurement, taxation, ecological safety, and energy conservation. Rapid industrialization along with the rise in the volume of construction activities across the healthcare, social infrastructure, and education sectors will influence boom trucks market size noticeably. Telecommunication applications will exhibit substantial growth over the coming years, driven by the surging demand for the boom trucks to improve the productivity and efficiency.
Considering the geographical landscape, UK boom trucks industry will display a substantial growth over the coming seven years. The growth can be attributed to the surging demand for rental vehicles. France boom trucks market is predicted to grow noticeably, owing to the growing infrastructural developments like street lighting.
India boom trucks industry will register an annual growth rate of more than 4% over the period of 2016 to 2024. Favorable government initiatives along with growing innovations & developments in the construction sector will augment market growth. The Indian government promised to allot a house for every individual in the country by 2022, which will further stimulate the residential infrastructure development projects. This, in turn, will boost the boom trucks industry growth in this region.
Market players aim to reduce the overall equipment cost and launch technologically advanced vehicles to attract more customers. For instance, Manitowoc recently introduced new vehicles to fulfill the transportation needs as well as crane requirements. In the coming years, manufacturers will invest heavily in R&D activities to innovate new products. The notable industry giants in boom trucks market are Palfinger AG, Elliott Equipment Company, Altec Industries, Inc., Manitex International Inc., American Construction Company, Manitowoc Cranes Company Inc., Interlake Crane Inc., RUTHMANN GmbH & Co., Runnion Equipment Company, and Aspen Equipment Company.
Author Name :Sunil Hebbalkar
Europe Industrial Air Filtration Market Outlook: Germany to dominate the regional landscape over 2015-2022
High preference for energy efficient air filtration technologies along with strict emission norms will push Europe industrial air filtration market trends. Furthermore, the growing popularity of eco-friendly air filters, due to its ability to minimize the health risks for the industrial workers, is projected to open new vistas for the industry over the coming years. According to Global Market Insights, Inc., “Europe Industrial Air Filtration Market is forecast to record a CAGR of 7.9% over the period of 2015 to 2022.” High demand across commercial as well as residential sectors will offer lucrative avenues for Europe industrial air filtration industry. In addition to this, rapid industrialization has resulted in the expansion of many new ventures, thereby benefitting the industry.
UK Industrial Air Filtration Market size, by application, 2012-2022 (USD Million)
Industrial air filters find their applications across cement, pharmaceuticals, food & beverages, power, and metals sectors. Food & beverages sector is anticipated to contribute remarkably towards the Europe industrial air filtration industry share over the coming five years. High apprehensions over cross contamination, food handling legislations, and sanitary rules are anticipated to be the major driving factors. Europe industrial air filtration market size in metal applications is projected to account for nearly 22% of the overall revenue over the coming timeframe. Escalating need for healthy working conditions in the firms and the high necessity to maintain the humidity equilibrium will foster the growth.
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Based on the product trends, Europe industrial air filtration market is segmented into HEPA filters, mist collectors, cartridge collectors & filters, dust collectors, and baghouse filters. HEPA filters, which dominated the product landscape in 2015, are projected to hit USD 450 million by 2022. The ability of these filters to dispose hazardous materials, pollens, and dust particles as well as toxins from the atmosphere is predicted to promote the growth. The dust collectors market is forecast to grow at a rate of 7.5% over the coming timeframe, driven by beneficial traits such as low operating costs, minimum maintenance needs, and ability to ensure employee health & safety. Baghouse filters are predicted to contribute substantially towards Europe industrial air filtration market share over the coming five years, owing to cost efficiency, flexibility, versatility, and its capacity to capture minute particulate matter.
Below are the regional highlights of Europe industrial air filtration market over 2016-2024
- Germany, which accounted for a major portion of Europe industrial air filtration industry share, is projected to show an extensive growth over the coming years. Rapidly expanding food & beverages sector and the presence of a large number of metal processing units will nurture the growth.
- European countries such as Turkey, Italy, and France are expected to contribute noticeably towards the industry size, through implementation of strict legislations for maintaining safe working conditions and promoting worker safety. In addition to this, growing awareness about the benefits derived from the use of pollution-reducing technologies will further drive the growth.
Market players are focusing on product innovation and increasing their R&D investments to grow their ROI. Key industry participants include Philips Electronics N.V., Camfil, Keller USA Incorporation, Good Life Incorporation, Ameripure Technologies, Electrocorp, Sentry Air Systems Incorporation, IQAir North America Incorporation, and HealthWay Home Products Incorporation.
Author Name : Dhananjay Punekar
Compressed air treatment equipment market to surge via heavy industrial demand for optimal air quality
Compressed air treatment equipment market is expanding its business space globally owing to its ability to improve efficiency, minimize loss of production and improve manufacturing processes. A larger percentage of manufactures adopting equipment installation to meet air quality standards of their targeted applications will create huge scope for the global compressed air treatment equipment industry. According to Global Market Insights, Inc., “Compressed air treatment equipment market share is expected to register a CAGR of 6% over the period of 2015-2022”. Increasing demand for purified air will significantly boost the industry trends over the coming timeframe.
Rising implementation across various sectors will enhance the compressed air treatment equipment market outlook as this equipment protects the system from dirt, moisture, water, oil, etc. Therefore, growing requirement in industrial projects that requires optimum air quality will flourish the compressed air treatment equipment market. Moreover, absence of these air treatment equipment will result in inefficient production, higher manufacturing cost, and reduced efficiency.
Asia Pacific compressed air treatment equipment market size, by application, 2012-2022 (USD Million)
Compressed air treatment equipment industry is witnessing huge adoption due to its broad range of applications in food, pharmaceuticals, electronics & semiconductors, and healthcare industry. Usage of compressed air prevents the problems caused by impurities, ensuring contaminant free air flow to the equipment’s like valves, air tools, motors, cylinders, etc. This industry finds major applications in breathing air, process air, Instrument air and plant air. The breathing air application is anticipated to register a CAGR of 6.5% over the period of 2015-2022, owing to is usage in hospitals and diving sectors. The instrument air industry application is also a significant contributor in compressed air treatment equipment market. Driven by its fine quality to segregate solid particles from liquid, the instrument air application is projected to surpass USD 2 billion over the coming five years.
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Clean and dry air is highly essential for performance of machines which can be maintained through filters, after coolers and dryers. The filter market will expand vastly over the industry as air decontamination will improve efficiency of the machines, which in turn will drive the global compressed air treatment equipment market. The particulate filter is projected to grow a rate of 6.5% by 2022, owing to increasing installation in bulk liquid parting applications. After cooler market is estimated to reach USD 1.6 billion over several upcoming years.
Dryers market dominated the products landscape accounting for 40% of the compressed air treatment equipment market share in 2014 and is projected to witness considerable gains over the coming years, mainly driven by its increasing demand across chemical, pharmaceutical and food industries over the globe.
Asia Pacific compressed air treatment equipment market is expected to witness a significant surge over the coming years. Rising industrial development with growth impending from China and India will continue to propel the regional demand.
Expansion of the industrial and manufacturing services in North America will contribute towards favorable growth opportunities for the compressed air treatment equipment market. North America compressed air treatment equipment industry is projected to surpass USD 3 billion in the coming five years.
The market is consolidated with key players contributing towards over 60% of the overall industry share. Key industry participants include Kaeser Compressors, Gardner Denver, Ingersoll-Rand, Parker Hannifin Corporation and Atlas Copco.
Author Name : Ojaswita Kutepatil
Rise in construction activities along with growing concerns about worker safety to boost AWP truck market growth
Growing focus on infrastructure growth coupled with an increase in real-estate investments are predicted to boost the demand for aerial work platform trucks. Furthermore, the rising need for material handing in factories as well as in production activities is expected to boost the industry trends over the coming years. According to Global Market Insights Inc., “Aerial Work Platform (AWP) Truck Market share worth USD 2.4 billion in 2015, is estimated to reach USD 11 billion mark by 2024, growing at a CAGR of 18.5% over the period of 2016-2024.” Modernization in electrically propelled elevating platforms to fulfill emission norms and address the ecological concerns is expected to benefit the market in future. AWP trucks are predicted to find their use in various industries owing to its safety features, maneuverability, and ease of handling features.
China Aerial Work Platform Truck Market size, by product, 2013-2024 (USD Million)
The rising installations of power cables and transformer & street light maintenance is predicted to boost the market trends over the coming years. Large scale use of AWP trucks in mining & construction activities due to the high risks involved in the work is predicted to benefit the market. The rapid growth of telecommunications industry due to the growing number of smartphone users will fuel AWP truck demand. These vehicles find their use in event management activities such as organization of corporate events, conventions, conferences, festivals, formal parties, and concerts. They are also used in disaster management operations as well as defense activities.
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AWP truck applications in the construction industry is predicted to be worth USD 4 billion by 2024 owing to big construction projects along with heavy infrastructural growth. Logistics & Transportation industry is also predicted to witness high market penetration over the coming years, with vehicle applications worth USD 550 million in 2015.
Asia Pacific AWP truck market is forecast to record a CAGR of 18.7% over the period of 2016-2024 due to the growing number of mobile phone users coupled with the requirement of good telecommunication infrastructure.
North America AWP truck market size is anticipated to witness a substantial growth over the forecast timeline. U.S. market is predicted to contribute noticeably towards the regional growth due to high capital investments along with an increase in the renovation work activities in the country.
Driven by various applications in the construction, telecommunications, and transport & logistics industry, AWP truck is deployed in the form of vertical mast lifts, boom lifts, personal portable lifts, and scissor lifts.
Scissor lifts AWP truck market is predicted to grow at a CAGR of 18.3% over the period of 2016-2024 owing to its increasing demand in various applications requiring direct overhead access. Boom lifts AWP truck market contributed over 35% of the global industry share in 2015 and is expected to dominate the industry over the forecast period. Rising use of the vehicles to enable entry in blocked areas is projected to boost the industry demand.
Key industry players include Terex Corporation, Haulotte, Ruthmann, Aichi Corporation, Tadano Limited, CTE, Shen Yang North Traffic Heavy Industry, Hunan Runshare, Time Benelux, and Teupen.
Author Name : Dhananjay Punekar
Global Data Center Cooling Market size was $2.59 billion in 2015 and predicted to surpass $6.1 billion mark by end of forecast timeframe registering CAGR of 11.1%. Rapid rise in amount of data centers to match storage space requirements are predicted to propel demand for less energy consuming cooling techniques.
Industry has experienced evolution of many businesses that work on an internet platform. This has led to enhanced data storage and processing coupled with server downtime caused by generation of heat. Increase in power consumption as well as price has created a need for managing capacity, minimizing cost and addressing ecological concerns. Demand for high computational ability and enhanced focus on centralization of IT by many firms are few of the factors driving power consumption.
Temperature changes can lead to machine damage promoting use of data center cooling devices. High ownership costs due to heavy investments and maintenance needs can hinder the demand and growth of the data center cooling industry in future.
View a summary of the “Data Center Cooling Market Size, Industry Analysis Report”
Global data center cooling industry is segmented into varied applications like IT & telecom, BFSI (Banking, Financial services and Insurance), healthcare, power and retail. IT & telecom segment is expected to dominate the application segment during forecast timeline due to high acceptance of data center cooling systems. Further, growing acceptance of ecologically and economically effective cooling techniques like liquid cooling is projected to evolve as a main factor for data center cooling industry demand across many global IT & telecom applications.
BFSI applications segment is predicted to acquire data center cooling market share at CAGR of 11.51% during forecast timeline. They need high system accessibility, periodic peak time and less transaction turnaround period along with good cooling amenities. Many cloud-based data management participants concentrate on banking applications due to enhanced digitization of banks.
Asia Pacific data center UPS market size by product, 2012-2022 (USD Million)
Global data center cooling market is segmented into key products like chillers and air conditioners.Chiller segment is anticipated to dominate the data center cooling industry by contributing more than 80.1% of the total industry share for 2015. Air conditioners segment is forecast to register more than 11.1% of CAGR in future.
Global data center cooling market is segmented into different services like OEM (Original Equipment Manufacturer) services and managed services.Managed services segment contributed more than 60.1% of total industry revenue share.OEM (Original Equipment Manufacturer) segment is predicted to display CAGR of 11.61% during forecast timeline.
Global data center cooling market is segmented into different data center cooling solutions like precision air handling units and precision air conditioners.Precision air handling units segment is cost effective and prove benefits like low maintenance price, minimized power consumption and reliability. So the demand for these solutions is anticipated to grow in future. Precision air conditioners segment contributed more than 70.1% of overall data center cooling market share for 2015 and is predicted to grow in future.
End use overview
Global data center cooling market is segmented into small firms, large firms and midsized firms depending upon its end use. Large firms segment is predicted to dominate the global industry in future. Substantial data production across the segment is the key driving factor behind the segment growth.
Midsized firms have less storage as well as processing capacity. Consumers belonging to this segment prefer air conditioners as main cooling devices. Small firms segment is predicted to register CAGR of 11.51% during forecast timeframe.
Global data center cooling industry is segmented into main geographical regions like APAC, North America, MEA, Europe and Latin America. APAC data center cooling market share is projected to touch $1.31 billion by end of forecast timeframe owing to high demand from nations like China and India who have substantial growth potential owing to rapid technological breakthroughs.U.S. data center cooling industry had led North America to dominate the global data center cooling market for 2015 . North America contributed more than $1.1 billion during that year.
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Key industry participants profiled in report are Emerson Network Power, Hewlett Packard Company, Hitachi Limited, Schneider Electric, IBM, Fujitsu Limited, Airedale International, Coolcentric, Rittal GmbH & Co. Kg and Stulz GmbH.