Diaphragm Pumps Market Analysis Report 2022-2027, Top Companies Share, Growth Overview, and Forecast

 

According to the new market research report "Diaphragm Pumps Market by Mechanism (Air Operated and Electrically Operated), Operation (Single Acting and Double Acting), Discharge Pressure (Up to 80 Bar, 81 to 200 Bar & above 200 Bar), End User and Region - Global Trends & Forecast to 2027", published by MarketsandMarkets™,  the global Diaphragm Pumps Market size will grow to USD 7.6 billion by 2027 from USD 6.1 billion in 2022, at a CAGR of 4.5% during the forecast period. The growth of the water and wastewater treatment industry, led by stringent regulations related to water treatment and discharge, is driving the demand for diaphragm pumps globally. Moreover, chronic health conditions are on the rise due to the increase in the number of elderly people aged 65 and above, the growing middles class, and increasing adoption of sedentary lifestyle. Hence, the pharmaceutical industry is expected to grow giving rise to opportunities for the growth of the Diaphragm Pumps Market.

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The Diaphragm Pumps Market includes prominent Tier I and Tier II manufacturers like PSG, Ingersoll Rand Inc., IDEX Corporation, Flowserve, and Xylem, Inc. These companies have their manufacturing facilities spread across North America, Europe, Asia Pacific and the other regions. Many diaphragm pump manufacturers have also developed smart pumps incorporating AI and IoT technologies that provide real-time monitoring, remote operation capability, failure diagnosis and troubleshooting and a host of other features. The chemicals, water & wastewater, oil & gas, food & beverage, and pharmaceuticals industries are the amongst the largest consumers of diaphragm pumps. The growth of these industries is expected to also lead to the growth of the Diaphragm Pumps Market.

The air operated segment is expected to dominate the Diaphragm Pumps Market, by mechanism, during the forecast period.

The air-operated segment is expected to hold the largest market share of the Diaphragm Pumps Market. Air-operated diaphragm pumps use an air compressor to drive the diaphragm. Reciprocating elastomeric diaphragms and check valves are utilized in these pumps to pump fluid. A wide variety of materials are used to make these flexible diaphragms. The material should be selected based on chemical compatibility and the type of fluid that will be handled. These pumps do not require electricity for operation and are ideal for environments with fire hazards or where power supply is not available. Air operated double diaphragm pumps (AODD) are specifically preferred in applications that require handling highly viscous liquids with a relatively high amount of solid content. The growth of this segment can be attributed to the growth of the pharmaceuticals, food & beverage, and chemicals industries which commonly employ air operated diaphragm pumps for fluid transfer purposes.

Browse in-depth TOC on "Diaphragm Pumps Market"

159 – Tables

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220 – Pages

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The water & wastewater segment is expected to be the largest and fastest growing market, by end user, during the forecast period.  

The water & wastewater segment held the largest market share of the Diaphragm Pumps Market in 2021. Diaphragm pumps find a variety of applications in the water & wastewater treatment industry and are used in feeding filter presses, digestion tanks & thickeners, and pumping stations. These pumps also find applications in wastewater treatment processes like dewatering through filtration (filter press), chemical dosing to neutralize pH levels and treat sludge, wastewater sump transfer and sample, and municipal water treatment. Diaphragm pumps can handle a wide range of debris like stones, sticks, sand, mud, or trash, and hence are ideal for water treatment applications. The wastewater from domestic and industrial sources contains harmful bacteria, viruses, nitrogen, phosphorous, and other pollutants that are harmful to the environment and human health. Hence, stringent laws on urban and industrial wastewater treatment are being introduced in Europe, North America, and the emerging economies of Asia Pacific, Middle East & Africa, and South America. This may lead to an increase in the number of wastewater treatment plants globally which may drive the demand for diaphragm pumps.

Asia Pacific likely to emerge as the largest Diaphragm Pumps Market

The Asia Pacific region accounted for the largest share of the Diaphragm Pumps Market in 2021. The major end users for diaphragm pumps in the Asia Pacific region include water & wastewater treatment, pharmaceuticals, chemicals, and oil & gas industries. The growth of the market in Asia Pacific, hence, can be attributed to the increasing industrialization, investments in water infrastructure, and the growth of industries like pharmaceuticals, chemicals, and oil & gas. The burgeoning population of Asia Pacific puts an extreme burden on the water resources of the countries in this region. The water and wastewater treatment sector, as a result has huge growth potential in the region. The region is also a global pharmaceuticals hub and the industry is growing thanks to the rising awareness of healthcare in the current population and accessibility to modernized treatment regimens without border restrictions. Economies in the region are experiencing a rapid fall in their oil inventories as a result of the increasing crude oil prices and the reduction in supply induced by the sanctions on Russian crude, leading to an increase in oil & gas exploration and production activities. The growth of these industries is expected to positively drive the Diaphragm Pumps Market in this region during the forecast period.

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The Diaphragm Pumps Market is dominated by major players that have a wide regional presence. Some of the key players in the Diaphragm Pumps Market are PSG (US), Flowserve Corporation (US), IDEX Corporation (US), LEWA GmbH (Germany), Ingersoll Rand, Inc. (US), Grundfos Holding A/S (Denmark), Yamada Corporation (Japan), Xylem, Inc. (US), and SPX FLOW (US).

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, "Knowledge Store" 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.

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Industrial Air Compressor Market Coming up Trends and Active Company Revenue Forecast through 2021 to 2026

According to the new market research report "Industrial Air Compressor Market by Product Type (Positive Displacement, Dynamic), Output Power (Up to 50 kW, 51–250 kW, 251–500 kW, & Above 500 kW), Seal (Oil-flooded & Oil-free), End-user, Design, Pressure, Coolant and Region - Global Forecast to 2026" The industrial air compressor market is projected to reach USD 42.9 billion by 2026. The industrial air compressor market size will grow to USD 42.9 billion by 2026 from USD 32.7 billion in 2021, at a CAGR of 5.6% during the forecast period.Rapid industrialization and increasing automation in emerging economies, inflow of investments and rising demand for oil-free compressors in food & beverages industry and the surging demand from HVAC industry are the driving factors for the industrial air compressor market, globally. Several emerging economies, such as Asia Pacific and Africa, have boosted their industrial and economic developments. In addition, government initiatives to promote industrial automation and emphasis on industrial automation for optimum utilization of resources are also driving the demand for industrial air compressors as they can be used for powering pneumatic tools, packaging, automation equipment, and conveyors. Environment-friendly modern compressors need less fuel, make less noise, and have a heat recovery feature, which helps recover up to 94% of the heat generated by the compressors which is in line with the Paris Agreement leading to growth opportunities for the industrial air compressor market during the forecast period.

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The positive displacement segment is expected to dominate the industrial air compressor market, by product type, during the forecast period.

The positive displacement segment is expected to hold the largest market share and also grow at the fastest rate during the forecast period. The positive displacement compressor can be bifurcated into reciprocating and rotary compressors. These compressors can be oil-free or lubricated, depending upon the application requirement. Positive displacement air compressors are commonly used in construction, automotive and transportation, packaging industry, food & beverages, metals and mining, and other end-user industries.

The stationary segment is expected to be the largest industrial air compressor market, by design, during the forecast period. 

The stationary segment held a larger share of the industrial air compressor market. The stationary compressors are designed for heavy-duty applications and are suited for medium to large industries. Stationary compressors find application in food processing plants, chemical and petrochemical plants, automobile and spare parts manufacturing facilities, pharmaceutical plants, and paper and pulp plants, where compressed air is required near the application. The growing food & beverages, chemicals, and automobile industries are also likely to drive the demand for stationary industrial compressors.

The up to 20 bar segment is expected to be the largest industrial air compressor market, by pressure, during the forecast period.

The industrial air compressors in the up to 20 bar pressure range are generally a single-stage reciprocating, single-stage centrifugal, screw, and axial air compressor. Low-pressure compressors are commonly used in pneumatic tools and controls, assembly, drying/blowing, air wands, pneumatic cylinders, overhead air winches, venturi vacuum, electrical cabinet coolers, paint spray booths, and other automation and maintenance tools. Low-pressure compressors are also popular in the construction, pharmaceuticals, food & beverages, and packaging industry which are expected to fuel their demand during the forecast period.

The 51–250 kW segment is expected to be the largest industrial air compressor market, by output power, during the forecast period.

An industrial air compressor having up to 50 kW output power is generally a single-stage reciprocating and single-stage rotary compressor. These compressors find application in refineries, manufacturing, textiles, and water and wastewater treatment plants. These compressors are commonly used in food & beverages, pharmaceuticals, construction, automotive and transportation, mining, packaging, healthcare, pharmaceuticals, paper and pulp, textiles, and other industries. The growth of these industries is expected to drive the demand for compressors having up to 50 kW output power.

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The oil-flooded segment is expected to be the largest industrial air compressor market, by seal type, during the forecast period.

Industrial air compressors require oil to lubricate the compression chamber. This compressor is more economical than an oil-free compressor and generally completes the compression process in a single stage. These compressors are commonly used in industries such as oil & gas, textiles, rubber and plastics, and metals and mining, among others, where cleaner compressed air requirement is optional.  The growth of these industries in Saudi Arabia, China, Indonesia, South Africa, Nigeria, and Egypt is the key driving factor for the growth of this segment in Asia Pacific and the Middle East & Africa.

The air-cooled segment is expected to be the largest industrial air compressor market, by coolant type, during the forecast period.

An air-cooled industrial air compressor uses air to reduce the temperature of the compressed air and any other material present.  Air-cooled industrial air compressors are used in different applications, such as PET mold bottles and power generation. Industries can also recover the heat loss for an air-cooled compressor by using the energy to heat buildings or power a preheating battery, thus saving companies money on utility expenses.  Growth of the industries will be the key driving factor for the growth of this segment.

Chemicals & petrochemicals segment is expected to be the largest industrial air compressor market, by end-user industry, during the forecast period.

Industrial air compressors in the chemicals & petrochemicals industry find applications in transporting liquid under pressure to pressurizing tank, for spot cooling, molding plastics, aeration tanks, culture vessels, welding vinyl and nylon, synthesizing ammonia, and manufacturing of low-density polyethylene, among others. The industrial air compressors are also used for process air used in direct contact with products for usages such as cleaning, aeration, and product moving; control valves and cylinders; material handling; nitrogen generation; air curtains; and product drying. The demand for chemical and petrochemical-derived products coupled with increasing investments in the downstream oil & gas and petrochemical industries are a major factor driving the market.

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Asia Pacific likely to emerge as the largest industrial air compressor market

The Asia Pacific region, as a whole, is experiencing rapid development and growth fueled by the growth of major economies such as China, India, Malaysia, Indonesia, Thailand, Vietnam, South Korea, and Japan. The major end-users for industrial air compressors in the region include power generation, chemical, oil & gas, construction, food & beverages, automotive, rubber and plastics, textile, manufacturing, and water and wastewater treatment industries. The chemicals & petrochemicals sector has a strong foothold in the region and is expected to grow, according to International Energy Agency (IEA). The continued growth in Asia Pacific in almost all the major industrial sectors will drive the demand for industrial air compressors in the region.

The industrial air compressor market is dominated by a few major players that have a wide regional presence. The leading players in the industrial air compressor market are Atlas Copco (Sweden), Ingersoll Rand (US), Doosan Infracore (South Korea), Hitachi (Japan), and Kobe Steel (Japan). Some of the other major players include BOGE Kompressoren (Germany), Volkswagen (MAN Energy Solutions), Kirloskar Pneumatic (India), Kaeser Kompressoren (Germany), Danfoss (Denmark), Coaire (UAE), ELGi Equipments (India), Siemens Energy (Germany), Sulzer (Switzerland), Baker Hughes (US), Nidec, EBARA Corporation (Elliott Group), Howden Group (US), Fusheng Group (Taiwan), Mitsubishi Heavy Industries (Japan), and others.

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.

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Hydrogen Generation Market Expected to Witness the Highest Growth during 2020-2025

Global Hydrogen Generation Market Scenario:

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.

Browse 243 market data Tables and 61 Figures spread through 274 Pages and in-depth TOC on "Hydrogen Generation Market by Application (Petroleum Refinery, Ammonia & Methanol production, Transportation, Power Generation), Generation & Delivery Mode (Captive, Merchant), Source (Blue, Green & Grey Hydrogen), Technology, and Region-Forecast to 2025"

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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.

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.

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Key Market Players:

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

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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.

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Coiled Tubing Market Size & Share Poised for Growth by 2025

According to the new market research report "Coiled Tubing Market by Fleet (Operator, Region), Service (Well Intervention Service (Well Completions & Mechanical Operations, Well Cleaning & Pumping Operations) Drilling Service, Others), Application (Onshore, Offshore), Region - Global Forecast to 2025", The global coiled tubing market size is projected to reach USD 4.0 billion by 2025 from an estimated USD 3.0 billion in 2020, at a post COVID-19 CAGR of 5.8% during the forecast period. Stabilized oil prices have revitalized the exploration & production expenditures globally. This has led to increased investments in the enhancement of productivity of oil & gas wells. Furthermore, the global coiled tubing industry is driven by the upsurge in the oil & gas production by countries owing to rising demand from the Asia Pacific.

Key Market Players:

Some of the key players are Schlumberger (US), Halliburton (US), NexTier Oilfield Solutions (US), Weatherford (Switzerland), and Baker Hughes (US). The leading players are adopting various strategies to increase their share in the coiled tubing industry. New product launches, and contracts & agreements have been a widely adopted strategy by the major players in the coiled tubing market.

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North America is estimated to be the fastest-growing market for coiled tubing during the forecast period. The region has been segmented, by country, into the US and Canada. The increasing shale oil & gas production in the North America region is driving the coiled tubing market. According to the BP statistical report for June 2019, the US is the top producer of oil, producing 15.3 billion barrels of oil, in 2018. Moreover, the country has been experiencing huge investments from upstream operators to increase the production from the depleting fields in Texas, Permian Basin, and the Gulf of Mexico, along with new drilling activities in ultra-deepwater locations in the Gulf of Mexico, which is likely to drive the North American coiled tubing market.

The coiled tubing market, by service, is segmented into well intervention service, drilling service, and others. Others include minor services such as fishing, fracturing, wireline logging, and inspection. Well Intervention services is the fastest growing market by region and are also observed as new revenue pockets. These services are further sub-segmented as well cleaning & pumping operations and well completions & mechanical operations. The challenges faced by oilfield operators during the well completion and production phase include the accumulation of hard scale, water shutoff, and formation damage. Coiled tubing helps in addressing these challenges through descaling operations, reperforation, and zonal isolation.

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The coiled tubing market, by application, is categorized into onshore and offshore. The African offshore segment is expected to provide many opportunities for the coiled tubing market in the future, owing to huge drilling activities in offshore Angola and Mozambique gas production activities. The activities in offshore oilfield environments are comparatively more complex than onshore oil & gas fields thus, there is an increasing demand for digitization in offshore oil & gas fields. Furthermore, the investments to revive the mature onshore fields are expected to offer lucrative opportunities for the coiled tubing manufacturers during the forecast period.

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.

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Cryogenic Equipment Market to Hit $17.4 Billion by 2027 at a CAGR of 6.8% From 2022 to 2027

 According to the new market research report "Cryogenic Equipment Market by Equipment (Tanks, Valves, Vaporizers, Pumps), Cryogen (Nitrogen, Argon, Oxygen, LNG, Hydrogen), End-User (Energy, Chemicals, Metallurgy, Transportation), System Type (Storage, Handling, Supply) & Region - Global forecast to 2027", published by MarketsandMarkets™,  the global Cryogenic Equipment Market is projected to reach USD 17.4 billion by 2027 from an estimated market size of USD 12.5 billion in 2022, at a CAGR of 6.8% during the forecast period. The factors driving the growth for Cryogenic Equipment Market are high demand for industrial gases from metallurgy, and energy & power industries and growing demand for cryogenic equipment across entire LNG value chain.

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Tank: The largest segment of the Cryogenic Equipment Market, by equipment

The Cryogenic Equipment Market, by equipment, is segmented into tanks, valves, vaporizers, pumps and others. Other equipment include pipes, regulators, freezers, dewar, strainers, samplers, heat exchangers, leak detection equipment, dispensers, and accessories (manifolds, fittings, vacuum jacketed/insulated piping, hoses, connections. Increasing LNG production and high demand for industrial gases is expected to drive the equipment segment, which consequently increases the demand for cryogenic equipment.

Browse in-depth TOC on "Cryogenic Equipment Market"

231 – Tables

54 – Figures  

247 – Pages

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The LNG segment is expected to be the most significant Cryogenic Equipment Market, by cryogen

The Cryogenic Equipment Market, by cryogen, is segmented into nitrogen, argon, oxygen, LNG, hydrogen, and others. Other cryogenic gases include helium, nitrous oxide, ethylene, and carbon dioxide. Rising demand for hydrogen fuel cells and cleaner energy is expected to drive the cryogen segment of the Cryogenic Equipment Market during the forecast period.

 

Asia Pacific is expected to dominate the global Cryogenic Equipment Market

The Asia Pacific region is estimated to be the largest market for the Cryogenic Equipment Market, followed by north America. The Asia Pacific region is projected to be the fastest-growing market during the forecast period. The growth of the North American Cryogenic Equipment Market is expected to be driven by increasing E&P activities concerned with clean energy revolution.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Cryogenic Equipment Market. These players include Linde plc (Ireland), Air Liquide (France), Air Products Inc (US), Chart Industries (Georgia) and PARKER HANNIFIN CORP (US).

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, "Knowledge Store" 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
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USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com

Water Desalination Equipment Market Demand, Growth, Business Opportunities, Trends Analysis and Forecast to 2026

New Revenue Pockets:

The global water desalination equipment market is expected to grow at a CAGR of 9.5%, from 2021 to 2026. It is estimated to be USD 7.1 billion in 2021 and is projected to reach USD 11.2 billion by 2026. The factors driving the growth for water desalination equipment are water scarcity and depletion of freshwater sources across the globe and rapid urbanization and industrialization in developing economies.

Key Market Players:

The major players in the water desalination equipment market are Suez Water Technologies & Solutions (US), Veolia Water Technologies (France), DuPont (US), LG Chem (Korea), Toray Industries, Inc. (Japan), Sulzer (Switzerland) and Wärtsilä (Finland).

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The water desalination equipment market, by technology, is segmented reverse osmosis (RO), multi-stage flash distillation (MSF), multiple-effect distillation (MED), and others. The reverse osmosis segment is estimated to have the largest market share and is expected to grow at the highest rate during the forecast period. The technology is popular in developing countries due to its simple design and operation, as well as low cost. The demand for RO technology is expected to grow in the coming years owing to its low installation cost, easy processing, ability to treat all types of feed water, and minimal use of chemicals.

Water Desalination Equipment Market Interconnection

The water desalination equipment market, by application, is segmented into municipal, industrial, and others. The municipal segment holds the largest share in the water desalination equipment market, followed by industrial. The growth in population, migration of people from rural to urban regions, scarcity of consumable water, and depletion of freshwater sources across the globe have surged the need for desalinated water. This has encouraged the governments of developing economies to invest in the water treatment sector to enhance their capabilities related to providing potable water and accommodate the increasing demand. These factors are likely to fuel the adoption of desalination equipment in the municipal segment.

The water desalination equipment market, by product, is segmented into membranes, pumps, evaporators, and others, which includes pressure vessels, energy recovery devices, and chemicals. The membranes segment accounted for a 28.4% share of the water desalination equipment market in 2020. The characteristic of the membranes to have high permeability to water and impermeability to dissolved salts and particulate matter has made them ideal for use in municipal applications. Furthermore, various technological advancements have enabled membrane providers to manufacture RO membranes for certain industries explicitly. This has led to an increase in the adoption of RO desalination technology in industrial applications.

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The Middle East & Africa region is estimated to be the largest market for the water desalination equipment, followed by APAC. The APAC region is also projected to be the fastest-growing market during the forecast period. Government initiatives towards the increased investment in water & wastewater management sectors, owing to the limited availability of consumable water and the rapidly increasing population are the factors driving the water desalination equipment market in the Middle East & Africa region.

Artificial Photosynthesis Market Growing with Healthy CAGR by 2030

 According to the new market research report "Artificial Photosynthesis Market by Application (Hydrocarbon, Hydrogen, Chemicals), Technology (Co-Electrolysis, Photo-Electro Catalysis, Nanotechnology, Hybrid Process), Region (North America, APAC, Europe, Rest of World) - Global Forecast to 2030", published by MarketsandMarkets™, the Artificial Photosynthesis Market size will grow to USD 185 Million by 2030 from USD 62 Million in 2022, at a CAGR of 14.6% during the forecast period.

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The global Artificial Photosynthesis Market is driven by the Government fundings and grants for the research and development of artificial photosynthesis technology; global plans for net zero emissions. Growing demand of green H2 and eco-friendly liquid fuels are expected to offer lucrative opportunities for the Artificial Photosynthesis Market during the forecast period. Asia Pacific is expected to hold the largest share of global Artificial Photosynthesis Market between 2022–2030. The region has been segmented, by country, into Japan, China, India, and South Korea. The region faces a tough challenge to reduce its carbon footprint from various fossil-fuel-powered operations, including power generation. Asia Pacific is one of the leading markets that has adopted green technologies to meet the targets set by the governments for reducing greenhouse gas emissions. Furthermore, countries such as Japan and South Korea are increasing their investments in innovative energy & fuel generation technologies, such as fuel cells, carbon recycling, and others.

 

Asia Pacific is expected to hold the largest share of global Artificial Photosynthesis Market, during the forecast period

Asia Pacific accounted for a 48.3% share of the Artificial Photosynthesis Market in 2021 and is expected to growth with a CAGR of 15.0% in the forecast period. The region has been segmented, by country, into Japan, China, India, and South Korea. The region faces a tough challenge to reduce its carbon footprint from various fossil-fuel-powered operations, including power generation. Asia Pacific is one of the leading markets that has adopted green technologies to meet the targets set by the governments for reducing greenhouse gas emissions. Furthermore, countries such as Japan and South Korea are increasing their investments in innovative energy & fuel generation technologies, such as fuel cells, carbon recycling, and others

Browse in-depth TOC on "Artificial Photosynthesis Market"
68 – Tables
22 – Figures 
108 – Pages

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North America is expected to be the fastest growing region of global Artificial Photosynthesis Market, during the forecast period

North America accounted for a 34.9% share of the Artificial Photosynthesis Market in 2021 and is expected to witness a CAGR of 15.8% during the forecast period. The regional market is driven by the presence of supportive policies and incentives in the US for sustainable development projects. The rise in demand for uninterrupted power supply in the region will also boost the market growth during the forecast period. This has encouraged the use of clean fuels, such as hydrogen, for various energy requirements. For instance, in the US, the Hydrogen and Fuel Cell Technical Advisory Committee (HTAC) was established under Section 807 of the Energy Policy Act of 2005 to provide technical and programmatic advice to the Energy Secretary on the Department of Energy's (DOE) hydrogen research. The availability of research grants from the US Department of Energy (DOE) has fueled research activities for an energy-efficient system in the country, this is expected to drive the research activities related to artificial photosynthesis in the region

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top manufacturers in the Artificial Photosynthesis Market. These players include Panasonic Corporation (Japan), FUJITSU (Japan), and ENGIE (France).

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