HVAC and Construction

APAC tower crane market to garner substantial momentum over 2019-2025, escalating number of infrastructural development projects to augment the regional expansion

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The rising construction & infrastructure upgradation projects & the deployment of heavy-load lifting equipment have been fueling tower crane market growth since the last few years. Tower cranes are renowned across the global construction sector for their ability to conveniently transport raw material to and from the construction site, significantly reducing the project’s overall development time. In fact, tower cranes have become so essential in construction that today they are a common fixture at any major construction site globally.

Germany tower crane market, by product, 2018 & 2025 (USD Million)
Germany tower crane market, by product, 2018 & 2025 (USD Million)

The overall tower crane market, pertaining to increasing product demands, has been witnessing numerous technological advancements, including the integration of hydraulic systems or electric motors & internal combustion engines (ICEs). These advancements greatly increase the component’s efficiency and facilitate an enhanced level of productivity for end-use sectors. Not to mention, the ICEs & electric motors also help in eliminating carbon emissions – a major factor to be considered, given the regulations that are currently enforced on the construction, utility & mining sectors. As on today, an increasing number of manufacturers & customers are focusing more on employing environmentally friendly practices to reduce the global pollution, which would open up new growth avenues for the overall tower crane industry.

Global tower crane market | Impact of the recovering construction sector across Europe

The construction sector is considered to be of extreme importance in the European economy given that it is home to more than three million enterprises that directly employ a total of 18 million individuals, as claimed by the European Builders Confederation. The organization further estimates that the European construction sector accounts for more than 9% of the total GDP of the European Union. While the economic crisis severely affected the continent’s construction segment between 2008 & 2013, the market slowly began its recovery in 2015.

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Eurostat & Euroconstruct have both attributed the recovery to factors such as strong economic growth, the state of public finances, rising household income and growing corporate profits. These factors, along with the simultaneous construction-output growth across 19 Euroconstruct nations, were responsible for the EU recording an overall peak growth 4.1% in 2017. In the years ahead, the regional construction sector is expected to record substantial gains bringing respite to the Europe tower crane market.

According to the Spring 2018 Economic Forecast by the European Commission, prospects for EU’s construction industry look very bright with construction investment growth in 2019 slated to remain very strong. This would majorly augment the Europe tower crane market as it capitalizes on the expansive demands of the regional construction industry.

Global tower crane market | Impact of the expanding construction sector across the APAC

According to the World Economic Forum, construction is a massively proliferating industry in APAC with numerous economies in the region building their way to a more developed & interconnected future. From extensive redevelopment projects that aim to reinvigorate ageing transport-hubs to new schemes that are specifically designed to open up the region to the global market, nations across the APAC are investing in infrastructural development at an immense scale. This in consequence, would help APAC tower crane market chart out an extremely lucrative growth graph in the ensuing years.

On of the most prominent regional grounds for the APAC tower crane industry would be India. The country’s Prime Minister, Narendra Modi, in 2017 announced a drive to facilitate proper housing facilities to the nation’s population of 1.3 billion. Increasing income levels and the subsequent affordability are slated to release a trillion-dollar wave of investment across the nation’s housing sector over the coming years. The drive expects to construct more than 60 million new homes between 2018 & 2024, generating approximately 2 million new job opportunities on an annual basis.

The India tower crane market is also witnessing a rise in production capacities & rental facilities because of customers’ low investment profiles. Driven by the numerous ongoing & upcoming residential, infrastructure & commercial projects across prominent APAC economies, including China, Singapore, Japan, Malaysia and Australia, the APAC tower crane market is slated to experience a CAGR of 9.5% over 2019-2025.

Fueled by the robust expansion of the tower crane market across myriad geographies, the global industry is expected to attract significant investments in the years ahead. In fact, according to Global Market Insights, Inc., the overall tower crane market size is slated to surpass the $5.5 billion renumeration mark by 2025.

Author NameAkshay Kedari

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Filter bags market to accrue considerable returns from power generation applications, global industry remuneration to cross USD 4 billion by 2024

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The global filter bags market has recently been experiencing appreciable growth on account of the rising awareness concerning high quality and a safe environment. Filter bags remove particulates and withstands high temperature conditions in an efficient manner, which makes them suitable for usage in metal, cement and power generation industries, thus propelling the growth of filter bags market.

U.S. Filter Bags Market Size, Application, 2017 & 2024, (Million Units)
U.S. Filter Bags Market Size, Application, 2017 & 2024, (Million Units)

The utilization of filter bags in controlling industrial emissions owing to its molecules and particles holding capacity will boost the product demand, thereby driving the growth of the overall industry. Rising emissions in China and India due to the growing industrial activities will further augment the growth of the filter bags market in the upcoming timeframe.

A major factor that will propel the industry is the growing automotive sector across the globe will contribute to the rise in steel production. The filter bags used in the reactor exhausts in steel manufacturing industry, will result in an accelerated demand for the product, stimulating the overall industry growth. Furthermore, the filter bags are also used in pulverized coal injection apparatus and coal fired boilers in the power generation industry for capturing fine coal sediments. Increasing electricity usage with regards to the growing commercial and industrial activities will enhance power generation.

The deployment of filter bags has thus proved to be highly beneficial across a number of sectors. Indeed, the filter bags market has been expected to rise essentially on account of the vast application spectrum of the product in the forthcoming years.

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The paragraphs below provide a precise gist of the application landscape of the filter bags market:

Unveiling filter bags market trends from power generation applications:

As per reliable reports, the filter bags market size from power generation is anticipated to witness a notable growth rate across economies such as China and India. Indeed, the coal-fired electricity generation in China, in 2017, had increased for meeting a 6% growth in electricity demand. Moreover, Asia accounted for the largest increase in coal demand, which was up 35 million tons oil equivalent (mtoe), in contrast with the previous year.

Driven by the fact that filter bags are utilized for capturing fine coal sediments in pulverized coal injection apparatus and coal fired boilers for generating electricity, the power generation sector is touted to hugely contribute towards the expansion of the filter bags market in the forthcoming timeline. Indeed, filter bags industry share from power generation applications is anticipated to register a CAGR of 5.5% over 2018-2024.

Unveiling filter bags market trends from pharmaceutical applications:

The pharmaceutical industry is expected to emerge as one of the most lucrative application avenues for this industry. According to reliable reports, the pharma industry is valued at a consistently high remuneration, and is among the top five industries by total value in the global economy. Filter bags have a number of properties, among which their high dust holding capability finds immense prominence in dryers and boilers for manufacturing drugs. Furthermore, rising R&D activities as well as technological advancements for manufacturing safe drugs will drive the demand for filter bags in the pharma industry, catapulting the overall industry growth.

As a matter of fact, the global filter bags market size from pharmaceutical applications is anticipated to hit a appreciable valuation of around USD 215 million by the end of the year 2024.

Endorsed by an ubiquitous application terrain, the filter bags market is estimated to depict a highly lucrative remuneration graph in the upcoming time. As per estimates, the valuation of filter bags market would cross a colossal of US$4 billion by the end of 2024.

Author NameSaurav Kumar

Unveiling aerial work platforms market from the application spectrum: escalating product demand from the construction sector to augment the industry landscape

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The global aerial work platforms market has lately been experiencing remarkable growth on account of the integration of advanced technical features like telematics, sensors, and CAN bus, as these technologies provide better safety parameters compared to the traditional platforms. The machines leverage the integration of different sensors and controllers, with the incorporation of the CAN bus technology, to offer new operational features for the workers. An influx in enhancements of new operational features coupled with the technological advancements will drive the demand for this industry in the years to come.

Germany Aerial Work Platforms Market, by application, 2019 & 2025 (USD Million)
Germany Aerial Work Platforms Market, by application, 2019 & 2025 (USD Million)

The emergence of self-propelled access platforms has brought about quite a transformation in the aerial work platforms market. These platforms help in delivering increased security, stability, and flexibility to the users. Easy operations and transportation of the self-propelled machinery are reinforcing the product utilization across varied application sectors such as oil & gas and energy for maintenance purposes. The huge benefits of self-propelled access platforms will result in an acceleration in the growth of aerial work platforms market in the forthcoming years.

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Governments across the globe have been striving for the utilization of newly manufactured products equipped with safety parameters, with the goal of reducing worker accidents. Governmental projects are majorly focused towards deploying efficient machines & platforms for reducing the load on human workers and providing enhanced safety. Increasing awareness in the South-East Asian nations, along with other developing nations regarding machinery and time-saving benefits has led to an upsurge in the demand for technically-advanced platforms, specifically in the construction industry.

Such initiatives from governments across various nations would positively impact the overall aerial work platforms market in the upcoming time. The paragraphs below provide a precise gist of the application landscape of the aerial work platforms market:

Unveiling aerial work platforms trends from construction & mining applications:

The construction & mining industry is anticipated to emerge as one of the most profitable application avenues for the APAC material handling equipment market. In the past few months, there had been a robust acceleration of construction-related projects globally, a large proportion of which are currently underway. The rising demand for aerial work platforms across the global construction sector is anticipated to fuel the industry trends in the years ahead.

The mining industry offers a significant support to the economy and is of strategic importance to any nation. For instance, the Indian mining sector has reached a high level of development, however, it still has a massive unrealized potential. With a view of encouraging initiatives and making this sector more competitive, the Indian government has opened up mining opportunities for the private players. Such initiatives and advancements in the mining industry are bound to augment the aerial work platforms market size in the years ahead.

As per estimates, AWP market share from construction & mining applications stood at USD 3 billion in 2018. The industry is expected to register commendable growth in the years ahead driven by the extensive product deployment in complex buildings and infrastructural projects across the globe.

Unveiling aerial work platforms trends from transportation & logistics applications:

According to reliable reports, the transportation & logistics market is predicted to depict a highly commendable growth rate in the near future. With the increasing populace across the globe and the subsequently rising demand for mobility, not to mention, the ongoing trend of globalization, the transportation industry is all set to accelerate in the years ahead. This would consequently have a major impact on the global aerial work platforms market size, given the demand for these products across this sector.

Furthermore, the growing customer expectations regarding the costs, speed and quality, coupled with the technological developments like autonomous vehicles, robotization as well as big data analytics will propel the growth of aerial work platforms market size from transportation & logistics applications. Moreover, with the cooperation as well as sharing facilities and volumes among parties in the chain, along with the new entrants with radically different business models, it is rather overt that the aerial work platforms market will depict an upsurge from the transportation & logistics applications.

Endorsed by a broad spread application terrain, the aerial work platforms market is estimated to depict a significantly lucrative remuneration graph in the upcoming years. According to estimates, the valuation of aerial work platforms market would cross USD 16 billion by the end of 2025.

Author NameSaurav Kumar

Global HVAC air quality monitoring market valuation to hit USD 6 billion by 2025, industry to be characterized by a stringent regulatory frame of reference

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The HVAC air quality monitoring market has lately been the recipient of robust growth as the awareness about the importance of maintaining healthy indoor air quality has gained widespread recognition in the maintenance of general human health. As per the World Health Organization (WHO), every year 8 million people die worldwide due to poor air quality. Remarkably, the number is greater than people killed by tuberculosis, AIDS and malaria combined.

U.S. HVAC Air Quality Monitoring Market Size, by Product, 2014 – 2025 (USD Million)

U.S. HVAC Air Quality Monitoring Market Size, by Product, 2014 – 2025 (USD Million)

A major percentage of those deaths occur in low and middle-income countries, where facilities to monitor the quality of air is typically limited. For instance in India and China, where urbanization has been developing at a pace almost unmatched by anywhere else on the planet, the air is often heavy with smog. The threat of air pollution in China is so severe that in Beijing recently an urgent alert has been sounded which advised children and the elderly to remain indoors. This has made it imperative that the indoor air quality should be maintained at safe levels and HVAC air quality monitoring market, in this context, has gained major impetus.

International agencies are also coming up with new devices to measure the air quality as the number of deaths and disability caused by air pollution becomes alarming. For instance, in 2015, UN Environment launched a device for air quality measurement, that was ground-breaking and affordable at the same time. Being significantly less expensive than the mainstream solutions, the device is expected to revolutionize air quality measurement across the developing world. The device can measure the concentration of particulate matter besides concentration of Sulphur and nitrogen oxides. As it comes with a GPS tracker, it can pinpoint the source of the pollution.

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Increasing awareness about the dangers caused by poor indoor air quality has imparted a significant boost to the HVAC air quality monitoring market as most of the times, especially in urban areas, people remain indoors. In air-conditioned buildings, a potent HVAC system has become a compulsory feature, especially in the face of tightening regulations that have made energy efficiency in buildings a mandate.

A device that had taken the HVAC air quality monitoring market by storm when it was first launched was Speck 2.0 which was developed by a Carnegie Mellon University spinoff called Airviz Inc. The device could be easily installed in homes and constantly displays air particulate matter that helps residents to adjust indoor activities or air ventilation to bring down particulate matter to safe levels. According to the WHO 4 million deaths are caused worldwide by poor indoor air quality conditions that is often caused by simply cooking on the stove or lighting a fire with improper ventilation and can lead to serious disabilities like asthma, autism and ADHD.

Commercial property owners have shown interest in learning what can put residents and customers in danger and the ability of modern devices to unveil risk factors in indoor air quality has brought greater demand in the market for HVAC installers. Air quality reports can encourage brand loyalty and recommend HVAC systems if consumers enjoy clean air.

The rise of air-influenced maladies along with increasing number of tech savvy consumers has pointed out to all HVAC companies that they need to need to join the air monitoring bandwagon sooner as soon as possible to remain competitive in a fast-evolving market. Including IAQ and OAQ monitoring on all units would make it possible for businesses to get ahead of the curve and the competition in the HVAC air quality monitoring market, by not only offering peace of mind for businesses and but also by taking steps to decrease the environmental impact of existing units.

Author NameParoma Bhattacharya

Asia Pacific construction equipment market to gain momentum from the launch of technologically-advanced machines over 2019-2025, India and China to emerge as prominent growth avenues

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Driven by massive spending on infrastructural projects and rising inflow of FDI in the real estate sector, Asia Pacific construction equipment market has established itself as one of the most lucrative business spheres in the recent times. The rise of online retail outlets and the convenience of replacing parts by the firms via online channels has been creating considerable opportunities for the players operating in the Asia Pacific construction equipment market. The overall construction sector in the region is increasingly shifting toward improved and technologically-advanced construction machinery owing to a significant uptick in labor costs and visible demographic changes.

Japan earthmoving & road building equipment, by product, 2018 & 2025 (USD Million)
Japan earthmoving & road building equipment, by product, 2018 & 2025 (USD Million)

Speaking in the similar context, numerous prominent heavy-equipment makers are developing advanced excavators which has fortified the stance of earthmoving and road building equipment segment in the Asia Pacific construction equipment market. For instance, Hitachi recently introduced ZH210-6 excavator which is regarded as one of the most fuel-efficient and light-weight excavators to have been developed in the recent past. Equipped with high-grade hydraulics, ZH210 emits reduced levels of carbon dioxide and consumes less fuel.

How has the Indian government’s urban modernization and affordable housing programs favored the APAC construction equipment industry?

Following its establishment as one of the prominent growth engines of the Asian continent, India has stepped up its efforts to reform the way urbanization has been progressing in the nation over the last few decades. Owing to increasing population and high rate of migration, the demand for affordable housing is on the rise. In addition to this, the need to upgrade the overall transportation network across urban and rural areas has been one of the top-most priorities of the nation.

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To achieve the desired results in terms of sustainable urbanization in this time and age, India has been investing heavily in the construction sector – a business vertical which has emerged as the second largest employer in the nation over the last few years. The construction sector received a humongous boost by the Indian government in 2015 when it launched three mega urban transformation schemes viz., Housing for All, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), and Smart Cities Mission.

These ambitious programs – allocated with a total budgetary outlay of more than 6 lakh crores – are aimed at driving economic growth and fast-tracking the process of urban transformation to enable better living standards, which would, in turn, immensely benefit the commercialization potential of APAC construction equipment market from India.

A brief snapshot of how China’s ambitious infrastructural project would impact the Asia Pacific construction equipment industry

After constructing large-scale projects such as the world’s largest dam and building a 26-mile-long bridge, China is now focusing on unprecedented infrastructural projects such as Belt and Road Initiative. Regarded as the largest undertaking in its modern history, the initiative aims to develop and build an enormous network of railroads and shipping lanes between China and 65 nations in Europe, the Middle East, North Africa, and Asia.

Although it was first proposed in the year 2013, Belt and Road Initiative has garnered considerable momentum only last year and is expected to provide significant push to the Asia Pacific construction equipment industry. Moreover, China’s is rapidly transitioning toward a consumer and services driven economy which opens up a new kind of construction in social, educational, and healthcare infrastructure.

Powered by the launch of innovative and technologically-superior equipment, swift pace of urbanization, rising demand for affordable housing, and massive spending on infrastructural projects by chief economies of Asia such as India and China, the remuneration portfolio of Asia Pacific construction equipment industry is slated to surpass USD 80 billion by 2025.

Author NameSaif Ali Bepari

Asia Pacific material handling equipment market to procure hefty returns from e-commerce applications, regional industry shipments to depict a CAGR of 7% over 2019-2025

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The APAC material handling equipment market has, of late, been experiencing appreciable growth on account of the presence of myriad regional companies delivering robotic technologies for warehouse automation. An influx in the demand for automated solutions to support numerous warehouse operations like retrieval, storage, transportation and packaging will steer the industry growth in the years to come.

Hong Kong material handling equipment market, by application, 2018 & 2025 (USD Million)
Hong Kong material handling equipment market, by application, 2018 & 2025 (USD Million)

The industrial sector in APAC has lately been under pressure to shift its focus toward robotic technologies owing to the hike in labor costs. The growing operational productivity and efficiencies in warehouses through the applications of these systems are enabling the companies to enhance their sales and productivity. Moreover, a number of small-scale industries are deploying old/used machinery for minimizing extra cost of purchasing new equipment. These machines need replacement of parts and components at regular intervals, which will subsequently propel the commercialization map of the APAC material handling equipment market in the forthcoming years.

The regulatory framework in the Asia Pacific is majorly responsible for impelling the regional material handling equipment industry, given that legislative authorities are developing a number of initiatives that are generating a huge demand for automated technologies. The initiative called ‘Made in China 2025’ by the Chinese government for instance, is accelerating the production rate in the nation. This move is encouraging domestic and global companies to establish their manufacturing facilities in the nation. Such facilities would overtly need automated technologies to enhance and improve operations and production capabilities, which would propel APAC material handling equipment industry.

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Manufacturers are also assisting small-scale ventures in purchasing these automated machines via financing options and flexible loans. This helps companies with facilities in installing modern equipment within the budget range, which in turn will augment the APAC material handling equipment market growth in the coming years.

The deployment of material handling equipment has thus proved to be highly beneficial across a spate of verticals. Indeed, the APAC material handling equipment industry has been touted to thrive essentially on account of the vast application spectrum of these components, which is expected to expand in the forthcoming years.

The paragraphs below provide a precise gist of the application landscape of the APAC material handling equipment market:

Unveiling Asia Pacific material handling equipment market trends from 3PL (Third party logistics) applications:

The third party logistics industry is anticipated to emerge as one of the most profitable application avenues for the APAC material handling equipment market. Undeniably, this growth can be credited to the emergence of a hyper competitive pricing market for all third party logistics services. With an increase in the domestic consumption in Asian region, which is increasingly focused on high value and quality goods, companies are getting more inclined towards robotic technologies and automation.

Driven by the fact that material handling equipment help companies in raising their efficiencies and operational productivity, in a bid to make sure that their productivity and sales are enhanced, the 3PL sector is touted to hugely contribute toward the expansion of the APAC material handling equipment market. With an upsurge of expenditure on outsourced 3PL services across contract logistics, the demand for material handling equipment will naturally depict a rise, augmenting the APAC material handling equipment industry size from 3PL applications.

Unveiling Asia Pacific material handling equipment market trends from e-commerce applications:

According to reliable report, the eCommerce market is expected to depict a highly commendable growth rate across economies such as India and China. Indeed, China is known to account for almost half of online retail eCommerce sales across the globe. Apart from making the process hassle free, companies in the eCommerce industry are adopting advanced and automated material handling equipment to speed up the operations, along with reducing costs – a major parameter of concern in the eCommerce industry.

As per China e-Business Research Center estimates, Tmall rules the B2C marketplaces of the Chinese eCommerce landscape, followed by JD, Suning, Tencent among others. The presence of numerous eCommerce companies, low-cost deliveries, and the mammoth population of the Asia Pacific region testifies the fact that the eCommerce industry in this region will witness a massive upsurge in the coming time. This would irrefutably contribute to the expansion of the APAC material handling equipment market from e-commerce applications over 2019-2025.

Endorsed by a widespread application terrain, the APAC material handling equipment market is anticipated to depict a highly lucrative remuneration graph in the coming years. According to estimates, the valuation of APAC material handling equipment market would surpass US$80 billion by the end of 2025.

Author NameSaurav Kumar

Two major trends impacting cooling tower market outlook, U.S. to emerge as a prime regional hub by 2025

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The robust trend of industrialization is majorly responsible for stimulating the global cooling tower market over the coming years. While the industry is largely being fed by the massive number of thermal power plants, which have been actively running to meet the growing energy demands for decades, recently the industry has been witnessing a shift with the increasing adoption of a plethora of sustainable energy sources. This has effectively replaced conventional thermal power plants, creating a lucrative growth avenue for the expansion of the cooling tower industry.

Germany Cooling Tower Market Size, By Product, 2018 & 2025 (USD Million)

Germany Cooling Tower Market Size, By Product, 2018 & 2025 (USD Million)

The cooling tower market is projected to accumulate sizable growth from this ongoing shift, which is primarily being driven by the rising consumer & environmental awareness, with sustainable power generation techniques such as cogeneration technologies at the helm. Meanwhile, as global temperatures continue to rise the market is also expected to witness increased demands from the world’s HVAC sector with different industries attempting to control internal temperature to maintain a conducive work environment for their employees as well as their equipment & machinery.

Global cooling tower market | Anti-Microbial cooling towers to witness increased adoption

Being an essential part of the heating, ventilation, & air conditioning (HVAC) systems, cooling towers have witnessed extensive capacity demands from a plethora of different sectors. While industrial cooling towers are utilized without any problems inside power plants, petrochemical facilities, petroleum refineries and other industrial facilities, other cooling tower application sectors face a major issue that may make the system a significant health risk to individuals.

The issue is a harmful lung infection called Legionnaires’ Disease. The disease is caused by the Legionella bacteria, which thrives in warm water conditions and could affect humans if they inhale the mist or water vapor containing the bacteria. While, the disease was the matter of concern back in the 1970’s, the problem still persists today. In fact, according to Becker’s Clinical Leadership & Infection Control, a study conducted in 2016 discovered that more than 84% of cooling towers in the U.S. contained Legionella.

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This has prompted many industry players to develop anti-microbial cooling towers, which contain ant-microbial additives that work on a cellular level to continuously prevent & disrupt the uncontrolled growth of such microorganisms. This advancement coupled with the ageing infrastructure & strict workplace safety rules are expected to considerably stimulate the overall cooling tower market growth over 2019-2025

Global cooling tower market | Expanding data center domain to add momentum to the industry growth

The technology cosmos is getting more concerned about the heat produced in data centers on a daily basis. These facilities require an extremely reliable system to efficiently maintain the power, cooling as well as support systems that are extremely crucial for ensuring continuous flow of information across these mission-critical facilities. Achieving close to a 100% availability or uptime at data centers has become a necessity as loss of power in data centers could cost the organization millions of dollars, thus making cooling towers extremely crucial for the future of data storage & cloud computing.

Moreover, according to the U.S. Department of Commerce, the hyperscale trend has recently taken the data center industry by a storm. Data center projects in the 150,000 sq. foot and $120 million range, are now considered small while facilities in the 600,000 to 1,000,000 sq. foot and $1 billion range are now becoming the industry norm. This significant boost in scale coupled with the ongoing rise in the number of data center facilities is expected to one of the primary growth inducing factors for the global cooling tower market in the coming years.

Speaking of the regional spectrum, it is vital to mention that the U.S. is bound to be one of the most proactive hubs for the growth of the cooling tower market. Powered by a highly favorable regulatory spectrum, U.S. cooling tower market was worth USD 250 million in 2018. In the years ahead, the U.S. cooling tower industry is anticipated to garner substantial returns, driven by the paradigm shift in the administrative policies and the robust expansion of the regional manufacturing sector.

It is quite apparent from the aforementioned trends that the global cooling tower market is primed for drawing in sizable growth over 2019-2025. Propelled by the expansion of the industrial sector and the hefty adoption of sustainable resources, the global cooling tower industry size is projected to surpass a valuation of more than $3 billion by 2025.

Author Name :Akshay Kedari