Thursday, May 27, 2021

Permanent Magnet Motor Market to Touch $64.6 billion by 2026; at a CAGR of 9.4% from 2021 to 2026

According to the new market research report "Permanent Magnet Motor Market by Type (PMAC, PMDC, and Brushless DC), Power Rating (Up to 25 kW, 25–100 kW, 100–300 kW, and 300 kW & Above), End-User (Industrial, Commercial & Residential), and Region - Global Forecast to 2026" The global permanent magnet motor market is projected to reach USD 64.6 billion by 2026 from an estimated value of USD 41.2 billion in 2021, at a CAGR of 9.4% during the forecast period. Increasing demand for energy-efficient motors and growing implementation of permanent magnet motor in industries such as automotive are the key factors driving the permanent magnet motor market. The high initial cost of permanent magnet motor can restraint the growth of the permanent magnet motor market. However, growing robotics technology offers promising business opportunities in the permanent magnet motor market.

Browse 130 market data Tables and 60 Figures spread through 200 Pages and in-depth TOC on "Permanent Magnet Motor Market - Global Forecast to 2026"

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Upto 25 kW is expected to be the largest permanent magnet motor market segment by power rating

The market for permanent magnet motor of upto 25 kW is expected to be the largest during the forecast period. Permanent magnet motors with power range up to 25 kW have high starting torque and overload capacity. These motors find their usage for various applications such as Healthcare, textile, pulp & paper, aerospace, robotics, window shutters, air conditioners, door shutters. During the forecast period, countries such as China, India, Japan, and US, are likely to witness high investments in the coming years, which will ultimately boost the demand for permanent magnet motors rated in the power range of up to 25 kW.

Industrial segment is expected to capture the major share of the permanent magnet motor market by application

Industrial segment by end user is expected to be the largest segment during the forecast period. Permanent magnet motors form an integral part of the industrial end use sector and are primarily used in automotive, textile, paper mills, and robotics applications, among others. Industrial segment is mainly driven by the increasing manufacturing of Electric vehicles & Electronic equipment’s in the countries specially China, Germany, United States, Japan and France.

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Asia Pacific is expected to be the fastest-growing segment of the global permanent magnet motor market

The permanent magnet motor market in Asia Pacific, led by China, is expected to grow. APAC is a growing market for Permanent Magnet Motor in various applications, such as automotive, electronics in industrial segment and offices and healthcare in commercial segment, due to its fast-growing economies. The market in China is expected to grow mainly because the number of manufacturing units in China is increasing, which is expected to create a massive demand for Permanent Magnet Motor. Another reason for the growth of the Permanent Magnet Motor market in APAC is the increase in the number of manufacturing plants in various sectors, such as transportation, chemicals, and pharmaceutical industries.

The major players in permanent magnet motor market, such as ABB (Switzerland), Siemens (Germany), Wolong (China), WEG (Brazil) and Rockwell Automation (US), have comparable strengths in terms of customer base, diversified product portfolios, technological capabilities, and regional presence, and they cumulatively hold a major portion of the total market share.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Wednesday, May 26, 2021

Heat Pump Water Heater Market 2020 Covid19 Impact Analysis | Growth, Revenue, Trends and Forecasts 2025

Latest report, The report "Heat Pump Water Heater Market by type (Air Source, Geothermal), Storage (Up to 500 L, 500–1000 L, Above 1000 L), Capacity (Up to 10 kW, above 10 kW), Refrigerant (R410A, R407C, R744), End-User (Residential, Commercial, Industrial), Region - Global Forecast to 2026", size is projected to reach USD 2.1 billion by 2026 from an estimated value of USD 1.4 billion in 2020, at a CAGR of 6.8%. Factors driving the growth of the heat pump water heater market include the energy efficient technology along with the usage of non conventional sources of energy to heat the water. In addition, supportive regulations and grants for using renewable sources of energy in different applications are also expected to play a key role in the growth of this market during the forecast period.

By type, the air source segment is the largest contributor in the heat pump water heater market during 2019.

The electric segment is estimated to be the largest- segment of the heat pump water heater market, by type, from 2020 to 2026. Air source heat pump water heater is more energy efficient when compared with other sources of water heating such as water heater or boiler. They are mainly used in Asia Pacific owing to the fact that countries such as China, India, South Korea, and Japan are focusing on limiting their carbon footprint resulting from the use of fossil fuels.

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By storage tank capacity, up to 500 LT segment is expected to grow at the fastest rate during the forecast period.

Heat pump water heater falling under this category are compact and hence, are easy to install. They provide ample hot water for almost all small commercial applications and to residential sector. Hence, water heaters with this capacity are suitable for low hot water requirement applications in small commercial establishments and residential sector such as homes and multi family buildings. Small individual heat pump water heater of up to 500 liters capacity are used in the hospitality sector for holiday homes and motels as they ensure interruption-free availability of hot water for bathing, personal laundry, etc. applications.

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of the global heat pump water heater market and its dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and market have been identified through extensive secondary research, and their market shares in the resective regions have been determined through both primary and secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Asia Pacific: Key market for heat pump water heater during the forecast period.

In this report, the heat pump water heater has been analyzed with respect to 4 regions, namely, Asia Pacific, Europe, North America, South America. Asia Pacific is expected to be the largest as well as the fastest growing heat pump water heater, by region, during the forecast period. Countries such as China, Indonesia and Australia are the fastest-growing markets in the Asia Pacific region. Asia Pacific is expected to dominate the heat pump water heater market during the forecast period as owing to the increase in the use of renewable energy and energy efficient products. Several leading players in the heat pump water heater market such as A.O. Smith Corporation, Midea Group, RHEEM Manufacturing, and Mitsubishi Electric have their manufacturing facilities in countries such as China, India, and Malaysia. The region is home to a number of emerging economies such as China, India, Singapore, and Malaysia.

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Key Market Players:

The key players in the heat pump water heater market include Midea Group (China), RHEEM Manufacturing Company (US), Daikin (Japan), A.O. Smith Corporation (US), Bosch Industries (Germany), and Ingersoll Rand (US), etc. and other players such as Viessmann Group (Germany), NIBE Energy Systems (Sweden), Valliant Group (Germany), Daikin (Japan), Mitsubishi Electric (Japan), Glen Dimplex (Ireland), Stiebel Eltron (Germany), and more.

Report Objectives

  • To define, describe, and forecast the global heat pump water heaters market by type, by storage tank capacity, by rated capacity, by refrigerant,, by end user and region
  • To provide detailed information on the major factors influencing the growth of the heat pump water heater market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the heat pump water heaters market with respect to individual growth trends, prospects, and contribution of each segment to the market
  • To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
  • To forecast the growth of the heat pump water heaters market with respect to the major regions (Asia Pacific, Europe, North America, and South America)
  • To strategically profile key players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments such as contracts & agreements, expansions, new product developments,  and partnerships in the heat pump water heater market

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About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Tuesday, May 25, 2021

$201 billion Worldwide Hydrogen Generation Industry to 2025 - Impact of COVID-19 on the Market

Latest Report, The hydrogen generation market size is projected to reach USD 201 billion by 2025 from an estimated USD 130 billion in 2020, at a CAGR of 9.2% during the forecast period. Increased focus on hydrogen based economy for applications such as power generation or fueling cars and buses, that during combustion can cause less carbon emissions. This has led to increased investments in the enhancement of strong hydrogen-based economy. Furthermore, the hydrogen generation market is driven by the increased government regulations for desulphurization and gren house gas emissions.

The hydrogen generation market, by technology, is segmented into Steam Methane Reforming (SMR), Electrolysis, Partial Oxidation (POX), and coal gasification. Steam Methane Reforming (SMR) technology is observed to be new revenue pockets for the hydrogen generation market owing to the increasing demand for hydrogen systems to cut the carbon emissions. SMR is a cost- and energy-efficient way of producing hydrogen. In this process, a desulfurized hydrocarbon feedstock (natural gas, refinery gas, liquefied petroleum gas, or naphtha) is pre-heated, mixed with steam, and optionally pre-reformed before passing a catalyst in a proprietary top-fired steam reformer to produce hydrogen, carbon monoxide (CO), and carbon dioxide (CO2). This is a commonly used method due to the easy availability of raw material (methane) and the cost-effective nature of the process. The rise in consumption of hydrogen by petroleum refineries has increased recently due to clean-fuel programs, which require refiners to produce low-sulfur gasoline and ultra-low-sulfur diesel fuel.

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The report segments the hydrogen generation market, by source , into green hydrogen, blue hydrogen and grey hydrogen. The blue hydrogen segment is expected to grow at the highest CAGR during the forecast period, owing to the increasing demand for capturing and reusing carbon emissions. Blue hydrogen is derived from natural gas through steam methane reforming (SMR). SMR mixes natural gas with very hot steam in the presence of a catalyst, where a chemical reaction creates hydrogen and carbon monoxide. Additional water is added to the mixture, converting the carbon monoxide to carbon dioxide and creating more hydrogen. The carbon dioxide emissions produced are then captured and stored underground using the carbon capture, utilization, and storage (CCUS) technology, leaving nearly pure hydrogen. The cost of generating blue hydrogen is low. Alberta is aiming to export blue hydrogen globally by 2040. For instance, in October 2020, Alberta’s government announced a hydrogen strategy focused on carbon emissions to be competitive amid the global transition to sustainable energy. The strategy identifies the opportunity of using Alberta's natural gas resources and its experience with carbon capture and storage (CCS) to produce low-emission blue hydrogen for local use or export to other domestic and international markets.

Asia Pacific is estimated to be the fastest growing market for the hydrogen generation during the forecast period. The region has been segmented, by country, into Japan, China. India, Australia, and Rest of Asia Pacific. Rest of Asia Pacific includes Malaysia, Thailand, the Philippines, Singapore, Indonesia, and Myanmar. Asia Pacific is one of the leading markets for adopting green technologies to meet the government targets for reducing GHG emissions. Japan and South Korea are heavily investing in fuel cell adoption since 2009 because of the commercial deployment of Japanese fuel cell micro-CHP products. Japan is the first nation to commercialize fuel cells and is supporting the projects related to the use of fuel cells in residential and automotive applications. It aims to deploy green hydrogen on a large scale. The country plans to have 200,00 green hydrogen fuel cell vehicles and 320 hydrogen refueling stations by 2025 to meet the global carbon emission standards.  Singapore, India, and Malaysia are also showing interest and have just started or are expected to start exclusive programs to promote fuel cells in regional markets. These countries are initially focusing on backup power (stationary application) fuel cells.

Key Market Players:

The major players in the hydrogen generation industry are) Linde (Germany), Air Liquide (France ), Air Products & Chemicals (US), Uniper (Germany), and Engie (France).

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Report Objectives

  • To define, describe, and forecast the hydrogen generation market based on technology, application, source, generation & delivery mode and region
  • To provide detailed information on the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
  • To strategically analyze the micro-markets with respect to individual growth trends, prospects, and contribution to the total market
  • The impact of COVID-19 on the hydrogen market has been analyzed for the estimation of the market size.
  • To analyze patents, regulations, and tariffs related to hydrogen generation.
  • To analyze market opportunities for stakeholders and details of the competitive landscape for market leaders
  • To forecast the market size of segments with respect to major regions, namely, Europe, North America, Asia Pacific, South America, Middle East, and Africa
  • To strategically profile key players and comprehensively analyze their respective market share and core competencies
  • To track and analyze developments in the hydrogen generation market, such as investments & expansions, joint ventures, partnerships, collaborations, and contracts & agreements

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Monday, May 24, 2021

Europe Power Rental Market 2024 – Future Scenarios and Business Opportunity Analysis

According to the latest market research report "Europe Power Rental Market by Type (Diesel, Gas), Power Rating, End Users (Utilities, Oil & Gas, Events, Construction, Mining, Manufacturing, Shipping, Data Center), Application (Peak Shaving, Base Load, StandBy), Country - Forecast to 2024", is expected to grow from an estimated USD 1.6 billion in 2019 to USD 2.3 billion by 2024, registering a CAGR of 7.1% from 2019 to 2024. The Europe power market is witnessing significant growth, which is driven by an increase in power loss due to aging infrastructure, and limited access to electricity in rural areas.

Based on the fuel type, the diesel segment is expected to hold the largest share of the market.

The diesel segment is expected to dominate the Europe power rental market during the forecast period. Long-running life, easy availability of parts & fuel, capacity to handle varying loads, and quick response time have helped the diesel generator market to acquire the largest share. This segment is driven primarily by the increasing demand for standby power from data centers, IT facilities, and healthcare infrastructure.

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The utility segment is expected to be the fastest market for Europe power rental market during the forecast period

The Europe power rental market in this report has been classified based on end-user, into utilities, oil & gas, mining, construction, manufacturing, events, shipping, data center, and others. Utility includes power plants that are owned and operated by multiple utility companies or by the government. Utilities, with the help of distribution lines, deliver energy from power plants to homes and businesses across various countries. Unreliable supply from a local grid or limited access to the main transmission network, prohibit the delivery of electricity required for commercial and residential users. In such cases, there is a high demand for power rental solution, utility companies use rental solution mainly during the peak demand period, to meet power deficit, during natural disaster and maintenance of power plant. Utility companies use rental generators mostly during the peak demand period. Hence, there is a constant demand for Europe power rental from power plants to ensure continued power supply.

Russia: the leading Europe power rental market

In this report, the Europe power rental market has been analyzed with respect to 10 countries, namely, UK, Russia, Germany, France, Italy, Turkey, Netherland, Belgium, Denmark, Luxemburg. Russia is expected to lead the Europe power rental market during the forecast period. The growth of the IT and healthcare sectors in Russia play a significant role in the growth of the Europe power rental market in Europe. The power rental market in Russia is driven by growing oil & gas exploration and production activity coupled with construction industry growth in the nonresidential sector. The power rental solutions are required in the construction and oil & gas industry to meet the fluctuating power requirement of the project. The major end-users driving the power rental market in the region are utilities, oil & gas, and construction.

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The report includes the profiles of some of the top players in the Europe power rental market to enable an in-depth understanding of the competitive landscape. The key players in the Europe power rental market include Caterpillar, Inc. (U.S.), Aggreko, PLC (U.K.), Atlas Copco (Sweden), Bredenoord (Netherland), and Loxam (France). The leading players are adopting various strategies to increase their share in the Europe power rental market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Thursday, May 20, 2021

AC Power Sources Market Size, Trends, Share, Growth Forecast By 2024

The report "AC Power Sources Market by Phase Type (Single, Three) Modulation Type (PWM, Linear) Application (Aerospace, Defence & Government Services, Energy, Wireless Communication &Infrastructure, Consumer Electronics & Appliances, Others) Region - Global Forecast to 2024" The AC power sources market is expected to grow from an estimated USD 1.0 billion in 2019 to USD 1.1 billion by 2024, at a CAGR of 2.4%, during the forecast period. The growth of the AC power sources market can be attributed to the increasing manufacturing of equipment used in renewable power generation, avionics and electric vehicles, implementation of smart cities, and growing focus on energy-efficient business operations.

Browse 104 market data Tables and 38 Figures spread through 148 Pages and in-depth TOC on "AC Power Sources Market - Global Forecast to 2024"

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The PWM segment is expected to hold the largest share of the AC power sources market, by modulation type, during the forecast period.

The PWM segment led the AC power sources market in 2018 and is also projected to dominate the AC power sources market during the forecast period. PWM AC power sources cater to applications such as LED light production line, AC motors, medical equipment testing, home appliances, and avionics & marine equipment testing. The PWM AC power sources are comparatively smaller in size and more efficient than linear AC power sources. The efficiencies of PWM AC power sources exceed 90%, and hence, incur negligible power loss. Such advantages of PWM AC power sources are expected to drive the growth of the PWM AC power source during the forecast period.

The energy segment, by application, is expected to be the largest segment of the AC power sources market.  

The energy segment is expected to be the largest segment of the AC power sources market, by application, during the forecast period. The AC power sources are used for testing batteries, inverters, UPS, solar panels, and other grid-tied devices. There is a rapid increase in the number of renewable energy projects which in turn boost the demand for testing and manufacturing equipment used for renewable power generation. The demand for AC power sources is driven by an increasing need for testing and manufacturing equipment used in renewable power generation and government initiatives for clean and efficient power generation.

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Asia Pacific: the leading AC power sources market

In this report, the AC power sources market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. The Asia Pacific market is expected to lead the AC power sources market by region. The growth of the AC power sources market in the Asia Pacific region can be attributed to increased testing of consumer electronics & appliances, equipment used in renewable power generation, and development of smart cities infrastructure.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the AC power sources market. They are AMETEK Inc (US), Chroma ATE (Taiwan), Keysight Technologies (US), Kikusui Electronics Corporation (Japan), Pacific Power Source (US), and Matsusada Precision (Japan). The leading players are trying to enter the market of developing economies and are adopting various strategies to increase their market shares.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Wednesday, May 19, 2021

Heat-Shrink Tubing Market Szie, Share, Growth Analysis and Global Outlook – 2027

 The report Heat-Shrink Tubing Market is projected to reach USD 2.3 billion by 2024 from an estimated USD 1.8 billion in 2019, at a CAGR of 5.3% during the forecast period. Increasing investments in the electrical networks, increasing demand for reliable and secure power supply worldwide, and growing adoption of renewable energy sources across the globe are likely to drive the heat-shrink tubing market.

The low voltage segment is expected to be the largest heat-shrink tubing market, by voltage, during the forecast period

The low segment is expected to be the largest heat-shrink tubing market during the forecast period. This growth can be mainly attributed to the growing demand for attaining reliable and sustainable power supply, mostly in rural areas of the Asia Pacific and the Middle East & Africa region. Increasing investments in aging electrical infrastructure in T&D networks and the rising need to protect electrical circuit equipment are further driving the low voltage heat-shrink tubing market.

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The utilities segment is expected to be the fastest growing heat-shrink tubing market, by application, during the forecast period

Utilities is the fastest growing end-user segment in the global heat-shrink tubing market. The transmission lines and distribution lines additions have led to increased investments in the electrical infrastructure. The increasing number of renewable integration projects and infrastructure developments are some of the factors responsible for boosting the growth of the utilities segment during the forecast period.

This research report categorizes the heat-shrink tubing market by voltage, material, end-user, and region.

The heat-shrink tubing market, by voltage, has been segmented as follows:

  • Low Voltage
  • Medium Voltage
  • High Voltage

The heat-shrink tubing market, by material, has been segmented as follows:

  • Polyolefin
  • Polytetrafluoroethylene
  • Fluorinated Ethylene Propylene
  • Perfluoroalkoxy Alkane
  • Ethylene Tetrafluoroethylene
  • Others

Note: Others includes Polyether Ether Ketone (PEEK) and Polyethylene Terephthalate (PET).

The heat-shrink tubing market, by end-user, has been segmented as follows:

  • Utilities
  • Chemical
  • Automotive
  • Food & Beverage
  • Others*

Note: Others includes healthcare and aerospace & military industries.

The heat-shrink tubing market, by Region, has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Middle East & Africa
  • South America

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Asia Pacific is expected to account for the largest share of the global heat-shrink tubing market

In this report, the heat-shrink tubing market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific led the global heat-shrink tubing market in 2018. The high growth rate in the Asia Pacific region can be attributed to increased investments in the electric grid development and growing reliance on renewable sources of power generation. China and India are the largest heat-shrink tubing markets in the region. Increasing grid investments and plans for electrification in remote areas in countries such as Vietnam, Indonesia, and the Philippines are likely to drive the growth of the heat-shrink tubing market in the region during the forecast period.

The report includes the profiles of some of the top players in the heat-shrink tubing market to enable an in-depth understanding of the competitive landscape. Some of the key players are TE Connectivity (Switzerland), 3M (US), Sumitomo Electric (Japan), ABB (Switzerland), HellermannTyton (West Sussex), Alpha Wire (US), Woer (China), Qualtek (US), Panduit (US), Zeus (US), Guanghai Materials (China), Thermosleeve (US), Insultab (US), Dasheng Heat Shrinkable Material (China), and Changchun Heat Shrinkable Materials (China).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Tuesday, May 18, 2021

MV Protection Relay Market to 2023 – Market driven by the growing renewable sector.

The global MV protection relay market is expected to grow from an estimated USD 860 million in 2018 to USD 1,115 Million by 2023, at a CAGR of 5.33%. Expansion of transmission & distribution (T&D) networks and growth of the renewable sector are likely to drive the MV protection relay market.                                                              

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The digital & numerical relay segment is expected to hold the largest share of the MV protection relay market, by type, during the forecast period.

The digital & numerical relay segment led the MV protection relay market in 2017 and is projected to have the largest market share during the forecast period. Digital & numerical relay provides various benefits over electromechanical and static relay such as functional flexibility, reliability, self-checking and self-adaptability, ability to communicate with other digital equipment (peer-to-peer), accuracy in providing fault data and disturbance record. Moreover, increasing modernization of substations in the developed nations to ensure uninterrupted power supply with minimum losses would drive the digital & numerical relay market during the forecast period.

This research report categorizes the MV protection relay market based on type, connected load, end-user, and region

On the basis of type, the MV protection relay market has been segmented as follows:

  • Electromechanical & Static Relay
  • Digital & Numerical Relay

On the basis of connected load, the MV protection relay market has been segmented as follows:

  • Feeder Line
  • Transformer
  • Motor
  • Others

On the basis of by end-user, the MV protection relay market has been segmented as follows:

  • Utilities
  • Industrial
  • Commercial & Institutional

On the basis of by region, the MV protection relay market has been segmented as follows:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

The feeder line segment of the MV protection relay market, by connected load, is expected to grow at the highest CAGR during the forecast period

The feeder line segment led the MV protection relay market in 2017 and is one of the fastest growing market during the forecast period. Increasing distribution lines across the globe is expected to boost the feeder line market during the forecast period. This will create a demand for MV protection relays.  As per International Energy Agency (IEA), Asia Pacific is likely to add 2,911 GW of power capacity from 2014 to 2035 with 14,400 thousand km of new distribution line from 2014 to 2035. Thus, it would boost the growth of MV protection relay market during the forecast period.

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Asia Pacific: The leading market for MV protection relays

In this report, the MV protection relay market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, South America, Europe, and the Middle East & Africa. Asia Pacific led the global MV protection relay market in 2017. China and India are the largest markets for MV protection relay in the region. Increasing T&D network expansion and industrialization projects are some of the key factors responsible for the growth of the medium voltage protection relay . According to the Asian Development Bank, an investment of USD 8.22 trillion is required for infrastructure development in the region during the 10-year period of 2010–2020. Thus, create a demand for MV protection relay market during the forecast period.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the MV protection relay market. The key players include ABB (Switzerland), GE (US), Schneider Electric (France), Siemens (Germany), and SEL (US). The leading players are adopting various strategies to increase their shares in the MV protection relay market.

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