Centrifugal Pump Market to Boost Business Scope with Key Players and market trend

Global Centrifugal Pump Market Overview:

The global centrifugal pump market size is projected to reach USD 48.8 billion by 2026 from an estimated value of USD 36.6 billion in 2021, at a CAGR of 5.9%. The key drivers for the centrifugal pump market include intensified demand for water and wastewater management in developed countries; surged investments in global construction industry; high demand for centrifugal pumps from agricultural sector.

Key Market Players:

The centrifugal pump market is dominated by major players that are established brand names with an extensive regional presence, along with many local and regional players in emerging economies. The key players in the centrifugal pump market include companies such as Xylem (US), Sulzer (Switzerland), KSB (Germany), Wilo (Germany), Grundfos (Denmark), and Flowserve (US).

Download PDF Brochure – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17494785

The industrial segment is estimated to be the fastest-growing segment of the centrifugal pump market, by end-user, from 2021 to 2026. This segment is driven by factors such as the increasing demand for freshwater in developing regions such as Asia Pacific and Africa. A focus on reducing carbon emissions is leading to the increased demand for cleaner sources of power generation which, in turn, would result in a rising demand for centrifugal pumps used as boiler feed pumps, condensate extraction, and cooling water pumps in the power generation industry.

Based on type, the overhung impeller centrifugal pump segment is expected to grow at the fastest rate from 2021 to 2026. This is due to various factors such as low installation cost as compared to between bearing centrifugal pumps. Overhung impeller pumps are installed with the lowest cost materials such as iron casings with brass or bronze impellers. They take up less floor space with slurry options such as rubber linings and offer reasonable efficiency. They are used in residential, commercial, and chemical applications. This segment is expected to have a higher market share due to the widespread implementation and easy operation of overhung impeller centrifugal pumps. The growing renewable energy sector also supports the growth of the overhung impeller pump segment with many solar power projects deploying these pumps for power generation.  

Based on stage, the single-stage segment is projected to grow at the highest CAGR from 2021 to 2026. The reliability and low maintenance costs of single-stage pumps in applications with moderate dynamic heads such as water pumping stations, which are some of the most common applications of submersible pumps, are expected to boost their demand for single-stage pumps across the globe.

Ask FREE Sample Pages of the Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=17494785

The centrifugal pump market has been segmented, based on region, into Asia Pacific, Europe, North America, Middle East, South America, and Africa. Asia Pacific is projected to grow at the fastest rate, from 2019 to 2026, followed by the North America and Middle. Countries such as China and Japan are the largest markets in Asia Pacific and have increased their investments in the infrastructure and power sectors in the recent past. China accounted for the maximum share in the market in Asia Pacific in 2020 and is projected to grow at the highest CAGR of 6.5%, from 2021 to 2026. Increasing industrialization, investments in water and wastewater treatment infrastructure, growing urbanization, and rising demand for proper sanitation are the major factors impacting the growth of the centrifugal pump market in this region.

Browse related reports:

Oil & Gas Pumps Market by Type (Submersible, Non-submersible) Pump Type (Centrifugal, Positive Displacement (Screw, Reciprocating, Rotary and Gear, Progressive Cavity), Cryogenic), Application (Upstream, Midstream, Downstream), Region - Global Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/oil-gas-pump-market-72491540.html

Cryogenic Pump Market by Type (Centrifugal, Positive Displacement), by Gas (Nitrogen, Oxygen, Argon, LNG, and Others), by End-User (Energy & Power, Chemicals, Metallurgy, Electronics, and Others), & by Region - Global Trends & Forecasts to 2021

https://www.marketsandmarkets.com/Market-Reports/cryogenic-pump-market-53446001.html

Generator Sales Market to Witness Revolutionary Growth by 2026 | Caterpillar, Cummins, Rolls-Royce Holdings, Mitsubishi, Generac

The global generator sales market is expected to grow at a CAGR of 5.9% during the forecast period. It is estimated to be USD 19.9 billion in 2021 and is projected to reach USD 26.5 by 2026. The major factors driving the generator sales market include the growing demand for uninterrupted and reliable power as some of the best power grids are also subject to downtime, growth of healthcare infrastructure, rising demand for IT infrastructure management, and rapid urbanization in developing countries.

Market Interconnection

Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=47544335

The other fuel type segment which includes propane, LPG, and bio-diesel is expected to be the fastest growing fuel segment of the generator sales market from 2021 to 2026. Countries around the world have set emission reduction targets and are working toward achieving these targets, which has resulted in the increased share of environmentally friendly fuel for power production. Countries such as the US, Brazil, Canada, Germany, France, and the UK are expected to increase their focus on environmentally friendly technologies, driving the market for propane, LPG, and bio-diesel-powered generators during the forecast period.

The industrial segment is expected to be the fastest growing generator sales market, by end-user, during the forecast period. The industrial end-user segment includes the utility/power generation, oil & gas, and other industries such as mining, marine, chemicals, military, and manufacturing. Growth of the oil & gas sector in China, Mexico, the US, Canada, and African countries is creating a new market for generator sets. Also, the growth of the manufacturing sector in Asia Pacific is expected to drive the demand for generators.

Make an Inquiry - https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=47544335

The 1,000–2,500 kVA power rating segment is expected to be the fastest growing segment of the generator sales market during the forecast period. 1,000–2,500 kVA generators are mainly used for CHP plants, large manufacturing units, power plants, and marine applications. The above 1,000–2,500 kVA generators are economical and can be deployed for continuous power applications. The adoption of natural gas and other renewable gases for the 1,000–2,500 kVA generators is the major reason for the fastest growth projection of the segment during the forecast period.

Asia Pacific is expected to be the fastest growing market for generator sales from 2021 to 2026, followed by the North America. Countries such as the US, China, Canada, and India are the largest markets for generator sales. India and China are rapidly developing large economies. Both countries are implementing policies to boost their industrial sectors. Inadequate power transmission & distribution networks in developing countries in Asia Pacific are also expected to create a demand for generator sets. Due to these factors, Asia Pacific is projected to grow at the highest CAGR during the forecast period.

Request Sample Pages - https://www.marketsandmarkets.com/requestsampleNew.asp?id=47544335

Key Market Players:

The major players in the generator sales market are Caterpillar (US), Cummins (US), Rolls-Royce Holdings (UK),Mitsubishi Heavy Industries, Ltd. (Japan), and Generac (US). Between 2017 and 2021, the companies adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the generator sales market.

Browse Related Reports:

Asia Pacific Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (<100kVA, 100-350kVA, 350-1000-2500kVA, 2500-5000kVA, >5000kVA), Application (Standby, Continuous, Peak Shaving), End-User, Country - Forecast to 2025

Portable Generator Market by Fuel (Gasoline, Diesel, Natural Gas, Others), Application (Emergency, Prime/Continuous), Power Rating (below 5 kW, 5–10 kW, 10–20 kW), End User (Residential, Commercial, Industrial), and Region - Global Forecast to 2026

Portable Generator Market Size 2021 Growing Rapidly with Modern Trends, Development Status, Investment Opportunities, Share & Forecast to 2026

The portable generator market is projected to reach USD 2.5 billion by 2026 from an estimated USD 1.8 billion in 2021, at a CAGR of 6.7% during the forecast period. Increasing instances of power outages owing to aging grid infrastructure and extreme weather conditions are the key factors driving the growth of the portable generator market. Increasing adoption of dual fuel and inverter portable generators are expected to offer lucrative opportunities for the portable generator market during the forecast period. 

Impact of COVID-19 on portable generator market:

COVID-19 has slowed the growth of the portable generator market, as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. This adversely affected the portable generator market owing to the suspension of activities of end users.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=195875841

In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the portable generator market, since end-user industries were still not operating at their full capacity.

Asia Pacific is expected to grow at the highest CAGR during the forecast period. Asia Pacific region has been segmented, by country, into China, India, Japan, South Korea, Australia, and Rest of Asia Pacific. Rest of Asia Pacific includes Indonesia, Singapore, Malaysia, Taiwan, and Thailand. The region is the most populated region in the world and is expected to become the largest energy-consuming region globally. It comprises many developing countries and requires more energy for its development. According to the Asian Development Bank (ADB), the region’s share of global energy consumption is expected to increase to 56% by 2035 from 34% in 2010. The industrial sector in China contributed more than 37% of its GDP in 2020. The growth of the industrial sector has tremendously increased power production and consumption in China. These factors have made China one of the most lucrative markets for the power industry. Thus, increase in demand for power is likely to offer growth opportunities for portable generator market during he forecast period.

The portable generator market, by application, is segmented into emergency and prime/continuous. The emergency segment, by application, is projected to hold the highest market share during the forecast period. The growth of this segment is driven by increasing weather-related power outages and aging power generation & distribution networks. Furthermore, the usage of portable generators during emergency backup can prevent food from spoiling, keep lights on, and help in other day-to-day requirements. 

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=195875841

The report segments the portable generator market, by fuel, into gasoline (petrol), diesel, natural gas, and others. Others includes LPG, propane, and biodiesel. The market for gasoline (petrol) is expected to hold the highest market share during the forecast period. It is majorly used for temporary, intermittent, or low-load applications. Gasoline is a common source of fuel and the easiest to obtain. It is mostly used for running portable generators for a shorter period of time, which is likely to increase their demand in the portable generator market globally.     

On the basis of power rating, below 5 kW, 5–10 kW, and 10–20 kW. The market for gasoline (petrol) is expected to hold the highest market share during the forecast period. The 5–10-kW portable generator, by power rating, is projected to hold the highest market share during 2021–2026. The market for these generators is projected to grow because of the increase in awareness of in-house power backup and demand for portable powering systems in outdoor recreational activities.

The portable generator market, by end user, into residential, commercial, and industrial. The residential segment is expected to hold the highest market share during the forecast period. The increasing number of frequent blackouts and insufficient power supply in some parts of Africa and South America are expected to boost the demand for residential portable generators. 

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=195875841

Key Market Players:

Atlas Copco (Sweden), Briggs & Stratton (US), Generac (US), Honda (Japan), Yamaha (Japan), Caterpillar (US), Cummins (US), Eaton (Ireland), Honeywell (US), Siemens (Germany), Wacker Neuson (Germany), Kubota (Japan), Kohler (US), Champion (US), Himoinsa (Spain), Duromax (US), Loncin (China), and others.

Browse Related Reports:

Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous), Power Rating (<100 KVA, 100-350 KVA, 350-1000-2500 KVA, 2500-5000 KVA, >5000 KVA), Sales Channel (Direct, Indirect), End User, Region - Global Forecast to 2026

https://www.marketsandmarkets.com/Market-Reports/generator-sales-market-47544335.html

Asia Pacific Generator Sales Market by Fuel Type (Diesel, Gas), Power Rating (<100kVA, 100-350kVA, 350-1000-2500kVA, 2500-5000kVA, >5000kVA), Application (Standby, Continuous, Peak Shaving), End-User, Country - Forecast to 2025

https://www.marketsandmarkets.com/Market-Reports/asia-pacific-generator-sales-market-150307902.html

Variable Frequency Drive Market Booming Worldwide by Size, Revenue, Trend and Top Growing Companies 2025

The global variable frequency drive market is estimated USD 19.2 billion in 2020 and is projected to reach USD 24.3 billion by 2025, at a CAGR of 4.8% during the forecast period. This growth can be attributed to factors such as the growth of supportive regulatory environment towards effective and efficient energy utilization, the upgradation and modernization of aging infrastructure for safe & secure electrical distribution systems, and rapid industrialization and urbanization across the globe. However, the stagnant growth of the oil & gas industry coupled with the decrease in the exploration & production activities are hindering the growth of the variable frequency drive market.

The low voltage segment is expected to hold the largest share of the variable frequency drive market, by voltage type, during the forecast period

The low voltage segment segment, by voltage, is estimated to account for the largest share during the forecast period. Low voltage variable frequency drives are used across a wide range of applications including pumps, fan, belt conveyor, centrifugal pumps, and centrifugal compressors. These drives are designed for industrial applications, especially in process industries such as pulp & paper, power, water & wastewater, and oil & gas. Thus, the increasing use of low voltage drives in a wide range of applications is expected to boost the growth for this segment

Download PDF Brochure – https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=878

The low power drive segment, by power rating, is expected account for the largest share during the forecast period

The low power drive segment is expected to hold the largest market share and is projected to grow with the highest CAGR during the forecast period. Low power drives, due to higher energy savings at low capital costs and better process control with increased motor control, offer a quick payback period. Variable frequency drives with a 6–40 kW power range are used across various industries such as building, automation, oil & gas, food & beverage, and pulp & paper. Therefore, the growing need for energy efficiency in the respective industries is expected to drive the growth of the segment.

Asia Pacific: The leading variable frequency drive market

The Asia Pacific region is estimated to be the largest and fastest growing variable frequency drive market during the forecast period. The growth of this region is primarily driven by countries such as China, South Korea, India and Japan, which are considered as the main manufacturing hubs for variable frequency drives. Countries in Asia Pacific are focused towards energy efficiency and variable frequency drives are expected to play an important role in helping these countries to meet their energy efficiency targets, as the primary function of these drivers is to save energy. Thus, The rapid industrialization due to growing automation in manufacturing sector and increased investments in renewables sector are driving the growth of the variable frequency drive market in the Asia Pacific region.

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=878

The growth in industrialization is driving a continuous need for electric motors, which consume one-third of the total electricity produced globally. The factors such as limited conventional power generation and the continuous rise in electricity prices, has encouraged companies to invest in energy-efficient equipment to increase energy efficiency. Industries such as oil & gas, metals & mining, pulp & paper, cement, and water & wastewater, which are considered to be energy intensive industries, are using variable frequency drives to reduce energy consumption and CO2 emissions. Therefore, the increasing need for energy efficiency is expected to drive the growth of the variable frequency drives market.

The global variable frequency drive market is dominated by a few major players such as ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Danfoss (Denmark), Rockwell Automation (US). These players have a wide regional presence.

New product launches, investments & expansions, mergers & acquisitions, contracts & agreements, partnerships, alliances, joint ventures, and collaborations are few of the key strategies adopted by the players of the variable frequency drive market. From January 2017 to December 2020, new product launches was the most commonly adopted strategy, followed by adoption of mergers & acquisitions as a major strategy during that period.

ABB is among the leading companies in the automation and power technologies businesses offering a wide range of products, solutions, services, and systems to customers in the utility, industrial, and infrastructure & transportation verticals. The company operates through 4 business segments, namely, Electrification, Robotics & Discrete Automation, Industrial Automation, and Motion. Variable frequency drives are offered through the Motion segment to utilities and industries. The Motion business segment provides products, services, and solutions that increase industrial productivity and energy efficiency. This business segment also offers products such as motors and generators for a wide range of industrial applications. ABB has its research centers in 7 countries, namely, China, Germany, India, Poland, Sweden, Switzerland, and the US. The company currently owns and operates 300 manufacturing plants and has established its operational presence in over 100 countries. The company marks a global presence—Europe, the Americas, Asia Pacific, the Middle East, and Africa. ABB has adopted both organic and inorganic business strategy to enhance its growth in the variable frequency market. For instance, in January 2019, ABB launched a series of ACS880 industrial drives and ACH580 Ultra-Low Harmonic (ULH) HVAC drives, which are used in many industries and applications to tackle harmonic issues

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=878

Siemens is a major technology company with core business activities in the field of electrification, automation, and digitalization. The company operates through 6 business segments, namely, Digital Industries, Siemens Healthineers, Smart Infrastructure, Mobility, Portfolio Companies, and Financial Services. The company offers variable frequency drives through the Portfolio Companies business segment. The other products offered under this business segment are motors, synchronous condensers, integrated automation systems, electric motors, converters, generators, gear units, and couplings. The variable frequency drives offered by the company find applications in the oil & gas and power industries. Siemens has its operational presence in Europe, North America, South America, the Middle East, and Asia Pacific. Through the operation of an accomplished global network of regional offices, warehouses, R&D facilities, and sales offices, the company has established its presence in more than 100 countries across the globe. The company owns and operates factories in Sacramento, Louisville, Indiana, New Castle, Pittsburgh, Portland, and Georgia, among many other locations in the US. The company has adopted organic business strategy for its growth in variable frequency market. For instance, in April 2018, to extend the performance spectrum of the synchronous reluctance drive system, Siemens has expanded its product portfolio of Simotics synchronous-reluctance motors by including two new shaft heights, AH90 and AH225. These motors are available in a power range of 0.55–45 kilowatts (kW) and at a speed of 1,500 and 3,000 revolutions.

Browse Related Reports:

Marine VFD Market by Type (AC Drive, DC Drive), Voltage (Low Voltage (Up to 1 kV), Medium Voltage (Above 1 kV)), Application (Pump, Fan, Compressor, Propulsion / Thruster, Crane & Hoist) and Region – Global Forecast to 2024

Switchgear Market to Hit $88.5 Billion by 2025; Rising Investment in Rrenewable Energy Worldwide to Augment Growth

Servo Motors and Drives Market by Offering (Hardware, Software and Services), Product Type (Servo Motors, Servo Drives), System, Voltage, Communication Protocol, Brake Technology, Material of Construction, Industry, and Region – Global Forecast to 2025

Hydraulic Fracturing Market to Reach $50.2 billion by 2026 | Size, Share, Growth, Trends

According to the new market research report "Hydraulic Fracturing Market by Well Type (Horizontal Well, and Vertical Well), Technology (Plug and Perf, and Sliding Sleeve), Application (Shale gas, Tight Oil, and Tight gas), and Region - Global Trends and Forecast to 2026" The hydraulic fracturing market is projected to reach USD 50.2 billion by 2026. The hydraulic fracturing market size will grow to  USD 50.2 billion by 2026 from USD 34.8 billion in 2021, at a CAGR of 7.6% during the forecast period. The rising primary energy demand and increasing shale gas exploration & production activities in US is the driving factors for the hydraulic fracturing market, globally.

Browse 218 market data Tables and 61 Figures spread through 230 Pages and in-depth TOC on "Hydraulic Fracturing Market - Global Trends and Forecast to 2026"

Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=745

The horizontal segment is expected to dominate the hydraulic fracturing market, by well type, during the forecast period.

A horizontal well requires a multi-directional drilling technique, which generally drills with an inclination of greater than 80° to enhance reservoir performance. According to the EIA, 70.0% of shale reserves are drilled horizontally in North America. Hydraulic fracturing, along with horizontal drilling, helps to increase crude oil and natural gas production. This is expected to drive the horizontal segment market during the forecast period.

The shale gas segment is expected to be the fastest-growing hydraulic fracturing market, by application, during the forecast period. 

The shale gas segment, by application, is estimated to grow at the fastest rate during the forecast period. Shales are fine-grained sedimentary rocks that can be rich sources of petroleum and natural gas. Hydraulic fracturing is the process used to extract shale gas. Deep holes are drilled into the shale rock, followed by horizontal drilling, as shale reserves are distributed horizontally rather than vertically. The increasing demand for natural gas is expected to drive the growth of the hydraulic fracturing market for shale gas applications. The demand in 2021 was 4.021 tcm, up from 3.91 tcm in 2020. Furthermore, the consumption of natural gas in the power sector of the US is expected to reach 12.1 tcf by 2050, up from 0.4 tcf (4%) recorded in 2020. Such factors propel the growth of shale gas segment in the hydraulic fracturing market.

Request Sample Pages - https://www.marketsandmarkets.com/requestsampleNew.asp?id=745

North America likely to emerge as the largest hydraulic fracturing  market

In this report, the hydraulic fracturing market has been analyzed for six regions, namely, North America, Latin America, Europe, Asia Pacific, Middle East & Africa. According to the IEA, the US is determined to become the net exporter of energy by 2021 and to fulfill this objective; oil production is being increased across the nation. Moreover, the US is the top explorer and producer of shale oil and gas. The old oil & gas fields in the Permian Basin and Bakken Ford require the hydraulic fracturing operations to enhance the productivity of the wells. Thus, North America dominated the hydraulic fracturing market during the forecasted period.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the hydraulic fracturing market.

Some of the key players are Halliburton (US), Schlumberger (US), Baker Hughes Company (US) NexTier Oilfield Solutions (US), and Calfrac Well Services (Canada). The leading players are adopting various strategies to increase their share in the hydraulic fracturing market.

Don’t miss out on business opportunities in Hydraulic Fracturing Market . Speak to our analyst and gain crucial industry insights that will help your business grow.

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

Industrial Counterweights Market to Reach $8.5 billion by 2026

According to the new market research report "Industrial Counterweights Market by Type (Swing Counterweight, Fixed Counterweight), Material (Steel & Iron, Concrete), Application (Elevators, Cranes, Forklift, Excavators, Lifts, Grinding Wheels), End User, and Region-Global forecast to 2026", size will grow to USD 8.5 billion by 2026 (forecast year) from USD 6.7 billion in 2021 (estimated year), at a CAGR of 4.5% during the forecast period. The purpose of a counterweight is to make lifting the load faster and more efficient, which saves energy and is less taxing on the lifting machine. Counterweights are used to counterbalance the weight and maintain stability and are required to complete various operations in industries such as industrial manufacturing, marine, renewables, construction, mining, and agriculture. Increasing demand from the construction industry in the industrial environment to offer lucrative opportunities for the industrial counterweights market during the forecast period.

Browse 191 market data Tables and 45 Figures spread through 222 Pages and in-depth TOC on "Industrial Counterweights Market -Global forecast to 2026"

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=120602211

The fixed counterweights segment is expected to dominate the industrial market, by type, during the forecast period.

The fixed counterweights segment accounted for the largest share of the industrial counterweights market, by type, in 2020. The fixed counterweights segment of industrial fixed counterweights is further classified into two types—fixed frames and floating frames. As the name suggests, the position of the counterweight is stable in the fixed frame, whereas it is rotating in the floating frame.

The iron & steel segment is expected to dominate the industrial market, by material, during the forecast period.

The iron & steel counterweights segment accounted for the largest share of the industrial counterweights market, by type, in 2020. Iron and steel materials are widely used to make counterweights, owing to various desirable properties aligned with them such as high strength, ductility, and tensile strength.  Iron and steel are used widely in the construction of roads, railways, buildings, etc. Equipment such as bridge weights, cylindrical weights placed on poles near railway tracks, cranes, and forklifts; modern structures, such as stadiums, skyscrapers, bridges, and airports, are supported by a steel skeleton. Iron and steel counterweights are required for the construction of all the aforementioned equipment and structures.

The cranes segment is expected to dominate the industrial counterweights market, by application, during the forecast period.

The cranes counterweights segment accounted for the largest share of the industrial counterweights market, by application, in 2020. A crane is a lifting or lowering machine equipped with a hoist rope, wire ropes or chains, and sheaves. It is mainly used for lifting heavy objects and transporting them to other places. Industrial counterweights for cranes are widely used in the construction industry. Cranes are of various types, such as tower cranes, mobile cranes, overhead cranes, and loader cranes. Depending on the location of counterweights in cranes, they can be categorized as swinging type or fixed type.

The construction in industry is expected to dominate the industrial counterweights market, by end -user, during the forecast period.

The construction industry accounted for the largest share of the industrial counterweights market, by end-user industry, in 2020. Construction equipment are being enhanced to manage complex tasks and sustain in critical environments. With rising construction activities across the world and increasing budgets pertaining to construction, the demand for different types of cranes, especially tower cranes for the construction of tall buildings, will increase in emerging countries such as China, India, Brazil, and Middle Eastern countries.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=120602211

Asia Pacific is expected to lead the industrial counterweights market

In this report, the industrial counterweights market has been analyzed with respect to 5 regions, namely, Asia Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific is expected to lead the industrial counterweights market, by region, during the forecast period. Asia Pacific consists of developing countries such as China and Japan. The growing industrial sectors in these countries is expected to be the main driver. Also, the growth of the construction and automotive sectors in China, India, Australia and South Korea has played a significant role in the growth of the industrial counterweights market in Asia Pacific. Nearly all the countries in the region are augmenting their construction capacity. China and Japan are investing heavily on their country’s infrastructural development. This has led to a rise in demand of industrial counterweights systems from construction sector, which is expected to drive the growth of the Asia Pacific industrial counterweights market.

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the industrial counterweights market.

The key players include FMGC, Farinia Group (France), Sic LAZARO (US), Crescent Foundry (India), Gallizo (Spain), Mars Metal (Canada). The leading players are adopting various strategies to increase their share in the industrial counterweights 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

Electric Fuse Market Likely to Boost Future Growth by 2026 | Schneider Electric, Siemens, Mersen, ABB, Eaton

The latest survey report on "Electric Fuse Market by Type (Power Fuse & Fuse Link, Distribution Cutouts, Cartridge & Plug Fuse,), Voltage (Low, Medium), End-Users (Utilities, Industrial, Residential, Commercial, Transportation), region - Global Forecast to 2026", is projected to reach USD 4.6 billion by 2026 from an estimated USD 3.5 billion in 2021, at a CAGR of 5.8%. This growth can be attributed to the growing investments in the renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in the construction sector.

Get Quick Access to PDF Brochure Now https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=35385419

Primary Research

This study involved 4 major activities in estimating the current market size for electric fuse. Exhaustive secondary research was done to collect information on the market and peer market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were used to estimate the total market size. Thereafter, the market breakdown and data triangulation were done to estimate the market size of the segments and sub-segments.

Asia Pacific is estimated to dominate the global electric fuse market in 2018 owing to the development and growth of countries such as China, Japan, Australia, and India, where there is a huge requirement for power and infrastructural development due to growing population and urbanization. The transportation infrastructure in the region is at the verge of getting electrified. This also creates opportunities for electric fuses in the Asia Pacific railway and traction segment. Furthermore, the region is the largest consumer of solar energy, and countries such as India and China are driving the renewable energy market. For instance, India has set goals for generating 175 GW of electricity through renewables by 2022. Such factors are likely to drive the Asia Pacific electric fuse market.

Key Market Players

Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (US), Littelfuse (US), Legrand (France), S&C Electric Company (US), G&W Electric Company (US), Schurter (Switzerland), and Hubbell (US)

Speak to Analyst https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=35385419

Electric Fuse Market, by voltage

The medium voltage segment is estimated to dominate the electric fuse market in 2018 and is projected to have the largest market share during the forecast period. The medium voltage range for fuses is defined as fuses with the capacity to open circuit at voltage range above 1 kV to 38 kV. The high demand for medium voltage fuse is due to the continuous construction of transmission and distribution network along with the high replaceability of fuses. The major end uses of medium voltage fuses are for electric utilities, transformers & substations, distribution networks, and heavy industries such as oil & gas industry. The medium voltage fuses are mostly the power fuses used for current limiting function, motor circuit protection, and back up for protection from default current.

Electric Fuse Market, by end-use

The transportation segment accounted for the second highest CAGR during the forecast period. The demand for electric fuses is driven by the high growth and developments in the global railway industry. Furthermore, the fast commercialization of electric trains and metros from the developing nations is driving the demand for electric fuses from tractions. Furthermore, the concepts of high speed trains, freight wagons, bullet trains will create opportunities for electric fuses in the near future.

Request Sample Pages https://www.marketsandmarkets.com/requestsampleNew.asp?id=35385419

What you can explore with this report?

• To define, describe, and forecast the global electric fuse market by type, voltage, end-users, and region
• To provide detailed information on the major factors influencing the growth of the electric fuse market (drivers, restraints, opportunities, and industry-specific challenges)
• To strategically analyze the electric fuse 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 electric fuse market with respect to the major regions (Asia Pacific, Europe, North America, South America, and The Middle East and Africa)
• 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, mergers & acquisitions, and partnerships in the electric fuse market

Browse Related Reports:

Gas-Insulated Substation Market by Voltage Type (Medium, High, and Extra High), Installation (Indoor and Outdoor), Output Power, End User (Power Transmission Utility, Distribution Utility, and Generation Utility), and Region - Global Forecast to 2023

https://www.marketsandmarkets.com/Market-Reports/gas-insulated-substation-market-222051400.html

Microgrid Control System Market by Grid- Type (On-Grid and Off-grid), Component (Hardware and Software), Ownership (Private and Public), End-User (Utilities, Campuses and institutions, Commercial, and Industrial), and Region - Global Forecast to 2023

https://www.marketsandmarkets.com/Market-Reports/microgrid-control-system-market-242416568.html

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