HVAC and Construction
An outline of air humidifier market in terms of the application landscape: portable products to gain precedence in the residential sector over 2018-2024
Increasing awareness about the negative effects of dry, polluted air has helped in impelling air humidifier market outlook in the recent decade. A survey conducted by World Health Organization in UK found that 30 towns and cities have fine-particle air pollution that are well over the ten micrograms per cubic meter recommended limit. Every summer, a significant percentage of population suffers from hay fever due to increased pollution. Such a situation is not limited to the UK nor does the problem exist only in summer – even in winters, dry air can cause cracking of skin and stuffy noses. According to experts, skin damage to this extent slows down the body’s natural immunity, making people more disposed to viruses.
U.S. Air Humidifier Market, By Application, 2017 & 2024, (Units)
In order to combat the numerous afflictions arising from air pollution, humidifiers are being used liberally across myriad geographies, providing an increased impetus to air humidifier market share. As per reliable statistics, Americans are known to purchase around 10 million air humidifiers each year.
Optimal humidity has been proved to play a significant role in health and wellbeing. Humidifiers not only supply the necessary moisture to the air that can help to keep skin from chaffing but also improves the air quality to keep pollens, pet dander and suspended particles from floating in the air. As more health experts continue to emphasize the importance of maintaining a relative humidity of 40% to 60% indoors to create comfortable living conditions, air humidifier market will register commendable growth in the years ahead. With the rise in air pollution, concerns for infant health have also encouraged a significant section of consumers to invest in air humidifiers. This in consequence has stimulated air humidifiers market share from the residential sector, which stood at 28 million units in 2017.
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Portable humidifiers are massively used across the residential sector, given their extensive benefits of mobility and convenience. As per estimates, portable humidifiers accounted for 90% of air humidifier market share in 2017, driven by their easy installation, convenience, low energy consumption, and low cost of the product. The only major drawback of the product is the need to constantly keep it clean to avoid bacteria buildup. However, air humidifier industry participants have brought forth a slew of unique humidifiers to the market that have self-cleaning features, eliminating the hassle of cleaning the humidifier on a weekly basis.
The demand for humidifiers across the commercial sector has also been increasing lately, as companies across the automotive, electronics, pharmaceutical, textile, packaging, paper and pulp industries largely deploy humidifiers on factory floors. For instance, data centers, which are the pulse centers of the modern day connected lifestyle, need a constant level of humidification. Data centers abide by the guidelines set by the American Society of Heating, Refrigeration and Air Conditioning Engineers (ASHRAE) where humidity monitoring is important to mitigate static charge build up and electrostatic discharge for sensitive electromagnetic components. Studies have showed that maintaining an increased level of relative humidity in data centers decreased the risk of unwanted electromagnetic discharge and related hardware failure and downtime. The rising deployment of humidifiers for data centers will thus augment air humidifier industry share.
Air humidifier market has already established a strong presence across the developed economies. Endowed with a vast scope of applications, the demand for these humidifiers is only slated to increase in the years to come. With top-notch companies such as Philips, Honeywell, Proctor & Gamble, Carrier, Armstrong International, etc., striving to introduce a range of highly advanced products in this vertical, air humidifier market share is likely to soar tremendous heights over 2018-2024.
Author Name : Paroma Bhattacharya
The rising demand for robotic blasting procedures in automotive, marine, and construction sectors has invariably propelled the sandblasting machines market share augmentation over the recent years. With the growing need to significantly reduce waste generation and operational costs, the conventional blasting systems are being replaced with technologically progressive blasting solutions across various business verticals.
U.S. Sandblasting Machines Market Share, By End-user, 2014 – 2025 (USD Million)
It has been observed that the local manufacturing firms operating in aftermarkets have been demanding high-grade sandblasting machines to refurbish tanks, railway carriage, trolleys, and vintage cars. As a consequence of the aforementioned factors, the overall remuneration graph of sandblasting machines industry has demonstrated an exceptional uptick in the recent past.
The competitive landscape of sandblasting machines market has been swamped by leading giants in HVAC and construction industry which includes Gläsner Sandstrahl Maschinenbau, Kramer Industries, Graco Inc., Burwell Technologies, Empire Abrasive Equipment Company, Clemco Industries, ABShot Tecnics, MHG Strahlanlagen, and Airblast B.V to name a few. In order to better serve a wide base of customers from numerous business verticals, the aforementioned firms have been adopting the route of strategic acquisitions in the recent past.
Citing an instance of the same, one of the prominent manufacturers of fluid handling equipment Graco Inc. has recently announced to have concluded the takeover of scarifying equipment producer Smith Manufacturing in the month of December last year. Elaborating further, the latest acquisition will assist Minneapolis-based Graco to complement its existing pavement maintenance and line striping equipment portfolio with Smith Manufacturing’s vast range of products.
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As a result of the amalgamation of production capabilities of both the firms, Graco Inc is slated to significantly boost its presence in the U.S. sandblasting machines market. Tactics such as these by leading firms will also help augment sandblasting machines market trends over the forecast years.
Despite a robust growth graph, the global sandblasting machines market outlook is fraught with numerous challenges that might hamper rapid product penetration across various business areas in the upcoming years. One of the most pivotal factors that is slated to impede sandblasting machines market business space is the rising environmental concern pertaining to wastewater discharges from dust control sprays and noise pollution.
Various developed and emerging nations have increasingly prohibited the utilization of cleaning abrasives that consist of silica in excess of 0.1%. For the record, it has been observed that inhaling dust particles from abrasive materials such as silica sand could result in severe breathing complications as it escalates the risk of contracting various lung disorders.
In this regard, it would be imperative to mention that several regulatory authorities along the likes of Food and Drug Administration (FDA) and Environment Protection Agency (EPA) have prescribed various eco-friendly alternatives like dry ice blasting that would further restrict the revenue share of sandblasting machines industry in the longer run. However, the proactive implementation of numerous control measures such as constructing exclusion zones around sandblasting activities, substitution of hazardous components with environment-friendly ones, and engineering controls would undoubtedly assist sandblasting machines market space to proliferate at a substantial pace.
In terms of regional growth outlook, the Asia Pacific region has emerged as the foremost terrain garnering a commendable share of the total remuneration portfolio of the global sandblasting machines market in 2018. The rapid product penetration in this region can suitably be attributed to soaring construction, manufacturing, and industrial activities. Concurrently, the major emerging economies across Asia Pacific such as India and China have been at the forefront to generate the largest demand for sandblasting machines.
The European continent is also anticipated to accumulate a substantial proportion of the global sandblasting machines market share in the ensuing years. The commendable hold that Europe is expected to have on the industry can be credited to the robust expansion of the regional automotive, O&G, and construction sectors. Indeed, numerous EU member countries are found pouring in capital in lucrative oil and gas projects, which will majorly propel Europe sandblasting machines market size.
Owing to a slew of impressive properties such as reduced changeover, automated media flow control, customized data collection, automatic recovery, and lower downtime, sandblasting machines are being extensively utilized across various business verticals to provide high-quality and smoothly finished components. Boasting of a rich application landscape including petrochemicals, painting, metalworking, oil & gas, marine, construction, and automotive, sandblasting machines market size is anticipated to witness exceptional growth in the years to come.
Author Name : Saif Ali Bepari
The product helps in eliminating and filtering fine contaminants and particles. Stringent health and safety guidelines to ensure employee safety would further promote the market demand of pleated filters.
According to research report by Global Market Insights, Inc., global Pleated Filters Market is estimated to surpass $19 billion by 2026.
Oil based filters are mostly used to protect engine from contaminants such as sand, metal bits, and carbon, by suspending them. It plays a key role in preventing early wear in the engine. The oil filter cleanses the oil since it passes through the filtering media or filter element.
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Furthermore, the product also protects oils from dirt and solid particles which includes carbon deposits, dust, soot particles, and abraded metal. Rising product demand for maintaining the efficiency of engine will further have a positive influence on market growth.
The market from commercial application segment is anticipated to witness growth of over 6% by 2026 owing to increasing number of supermarkets and retail stores. The product is installed in office buildings and commercial spaces to reduce indoor pollutants.
Moreover, it helps filter possible allergens that may affect human immune system. Increasing construction of office buildings and commercial spaces owing to growing consumer demand as well as employment opportunities would further stimulate the market growth of pleated filters.
As per market analysis, manufacturers are involved in strategic expansion initiatives which includes partnerships, research and development activities, and acquisitions so as to improve their market share as well as compete with other prominent players.
Citing an example, Camfil and Salvador Escoda, back in June 2018, signed a deal to offer quality Camfil products from industrial air cleaners, filter segment, and segment of air pollution control through supply stores. Salvador Escoda is a Spanish based distribution company. This will in turn help the firm to grow its regional presence. The above factors would thereby have a positive influence on market growth.
From a regional frame of reference, the market of pleated filters in North America is projected to foresee growth of nearly 4.0% by 2026. Strict norms and regulations issued by numerous organizations which includes EPA concerning the emission of pollutants as well as hazardous substances will increase the demand for pollution controlling equipment thereby fueling the market growth.
The competitive landscape of pleated filters market includes companies like Denso Corporation, Spectrum Filtration Pvt. Ltd, Absolent Group, Filtration Group, Donaldson Company, Camfil, Koch Filter, Honeywell, and Clarcor, Inc among others.
Author Name : Nandita Bhardwaj
Increasing transport infrastructure development worldwide and favorable government initiatives is expected to drive earthmoving equipment market growth
Earthmoving equipment market size is projected to reach USD 192.45 billion by 2023; as per the latest research report by Global Market Insights, Inc. growing adoption in the commercial sector, favorable Government initiatives and growing transport infrastructure development worldwide will drive the global market size.
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Global Market Insights has announced the addition of a new market study based on the Earthmoving equipment market. The report analyzes the restrainers, drivers and challenges of the market, future growth potentials and its impact on the demand shaping the market during the predicted period from 2015 to 2023.
Excavators will continue to be the most attractive equipment with more than 9% CAGR from 2016 to 2023. Real-time monitoring features for identyfying and supervising system failure are expected to drive demand.
The multifunction equipment is preferred over single-function equipment for saving the cost. This also reduces the time and labor required to accomplish the task with improved efficiency and extended productivity as added advantages. Rising investments in R&D to discover solutions to enhance product offerings will propel the market.
Earthmoving machinery is mainly applied in the construction industry. The construction industry is predicted to maintain its dominance, with more than 60 % of the Earthmoving machinery market share. Excavator are used in surface level and below ground operations. Rising demand in factories and manufacturing facilities will drive the excavator segment growth. Obtaining construction equipment on rent or lease is a rising trend. The construction equipment rental market is predicted to exceed USD 85 billion by 2023.
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In Private and Government sectors, increasing demand for technologically advanced solutions, featuring better material handling and improved fuel efficiency combined with lower emissions and safety is expected to propel the market worldwide. Europe earthmoving equipment market share will remain steady, with revenue forecast to exceed 43 billion in predicted timeframe.
The growing trend towards the usage of used heavy machinery across numerous countries may prove to be a threat to the new products that are to be launched in the segment. Increasing expenditure on infrastructure activities is also forecast to escalate demand, notably over the coming years.
Some of the key participants operating in the global earthmoving equipment include John Deer, Caterpillar, Komatsu, Volvo, Hitachi, Liebherr, Doosan, etc.
The growth of flooring market size is forecast to be substantially high in the ensuing years, augmented by the expanding construction ecosystem. Robust increase in construction spending across industrial, commercial, and residential sectors has significantly upscaled flooring market trends, especially across emerging nations.
As per reliable estimates, global construction spending is expected to surpass USD 15 trillion by the end of 2024, which clearly portrays the lucrative opportunities for the global flooring market in the coming years. ‘Smart flooring’ has already become the latest buzzword among the infrastructural players, with workplace décor and stylish homes claimed to be the ultimate reflection of high standards of living.
In response to the growing demand for flooring materials with blend of style, economic, as well as efficiency quotients, flooring market giants are coming up with variety of options that not only reflects aesthetics in design, but also stands as the test of time.
Rising demand for soft and non-resilient floorings to drive flooring market trends
Boasting of a diversified product portfolio that encompasses soft flooring, resilient flooring, seamless flooring, and non-resilient flooring, flooring industry size in 2016, was recorded at a commendable valuation. Accounting for a sizable chunk of the industry share in 2016, soft covering emerged as one of the leading product domains in the global business space.
The increasing demand for rugs and carpets in offices and housing complexes has phenomenally swayed the product penetration across major economies. Endorsed with a unique dust binding property and reduced noise effect, soft flooring will continue to gain traction through 2024.
Speaking of the product terrain, non-resilient floorings are also gaining momentum lately. Non-resilient flooring types include stone, laminates, ceramics, and wood. Ceramic tiles are one of the most highly preferred tile options on account of their cost effectiveness, high durability, scratch & scratch resistance, lower maintenance requirements, and ease in installations. Stone floorings on the other hand, made out of travertine, sandstone, marble, and granite also offer lucrative design options.
Estimates claim that non-resilient flooring market size is anticipated to accrue 30% of the industry share by 2024.
Escalating construction sector growth in APAC to boost flooring industry outlook
Speaking of the geographical trends, the flooring market size has, of late, witnessed a rapid escalation in the emerging economies – Asia Pacific being one of the major names in the list of growth avenues. The reason behind APAC to become the preferred investment destination for flooring market giants is quite overt- its expanding construction sector.
As per reliable sources, APAC is projected to account for over 40% of the global construction market by 2020. Besides, extensive developments in manufacturing sector along with growing population have further propelled flooring industry proliferation in this belt. Experts claim, China and India to be the two protruding regions that would showcase tremendous growth.
In this regard, China’s National Urbanization plan for the period 2014-2020, that revolves around the mission of settling more than 100 million urban inhabitants by the end of 2020, and which would raise the urbanization rate in China to 60%, is estimated to be one of the major initiatives influencing the regional flooring market trends.
Estimates cite that Asia Pacific flooring market will exhibit the fastest growth of more than 6.9% CAGR over 2017-2024.
Worldwide, flooring industry is highly fragmented with the presence of a large number of regional and local manufacturers. Some of the leading names include Tarkett, Shaw Floors, Mannington Mills, Beaulieu, Armstrong, Marazzi Group, and Mohawk Industries. Driven by the sustainability trends that have created an increasing demand for ecofriendly floor coverings, these giants are heavily investing in innovative solutions that are not only stylish in décor but also are environmentally viable.
The Polyester (P.E.T) Berber carpet is one such sustainable flooring solution that has gained a global attention of late. Reportedly, these carpets are produced from 100% recycled tires and bottle caps. With established giants leading the way toward innovative products and solutions, it is certain that flooring market is certain to undergo a positive transformation in the coming years.
In terms of commercialization, Global Market Insights, Inc., estimates flooring industry size to exceed a valuation of USD 450 billion by 2024.
Author Name : Saipriya Iyer