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July 21,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Water Storage Systems Market.

Water storage systems market  is likely to witness an impressive CAGR of 5.1% during the forecast period. Rapid growing urbanization along with imposition of stringent regulations for conservation of water is the major key driver that is contributing to the demand for water storage systems, globally.

Water storage systems include containers for storing water. These systems are used to provide storage of water for use in many applications such as municipal, residential, commercial, and industrial.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the material type, the market is segmented as concrete, steel, plastic, fiberglass, and others. The concrete segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. Durability and corrosion resistant properties of concrete is driving the growth of this segment.

Based on the application type, the market is segmented as hydraulic fracture storage & collection, onsite water & wastewater collection, potable water storage system, fire suppression reserve & storage, rainwater harvesting & collection, and others. The hydraulic fracture storage & collection segment accounted for the largest share of the market in 2020, and is expected to maintain its dominance during the forecast period. The growth of the segment is driven by increasing oil explorations.

Based on the end-use industry type, the water storage systems market is segmented as municipal, industrial, commercial, and residential. The municipal segment dominates the market on account of global water scarcity. Further, growing population and increasing urbanization are likely to propel the segment’s growth during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for water storage systems during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the market is driven by the increasing government initiatives to conserve water as well as rapidly growing industrial, commercial, and residential developments in emerging economies of the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

• CST Industries, Inc.
• ZCL Composites, Inc.
• Synalloy Corporation
• AG Growth International Inc.
• Grupo Rotoplas S.A.B. De C.V.
• Mcdermott International, Inc.
• BH Tank
• Fiber Technology Corporation
• Caldwell Tanks
• Containment Solutions Inc.
• Maguire Iron Inc.
• Snyder Industries
• Crom Corporation
• Tank Connection
• Contain Enviro Services Ltd.
• HMT LLC
• DN Tanks
• Hendic Bv
• Sintex Plastics
• Technology Limited
• Balmoral Tanks Limited.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Water Storage Systems Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

July 20,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Wooden Decking Market.

Wooden Decking market is likely to witness a modest CAGR of 2.8% during the forecast period. Organic growth of the construction industry coupled with rising per capita income, and increasing investment by individuals to provide more aesthetic looks to their residential households as well as workplaces are the major factors for the healthy growth of the market for wooden decking.

Wooden Decking is a flat wooden floor surface constructed outside the residential buildings as extended living areas of the house or as a part of garden landscaping, railings, etc.

Wooden Deckings should be capable of withstanding weights as they are generally constructed above the ground and are usually covered by railings for safety.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the construction type, the market is segmented as repairs & remodeling and new constructions. The repairs & remodeling segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. Increasing repairs & remodeling activities to improve the aesthetics of the residential construction sector are the major factors behind the dominance of the segment over the next five years. 

Based on the end-user type, the wooden decking market is segmented as residential and non-residential. The residential segment dominates the market, owing to surge in its demand for improving aesthetics and recreational facilities in the outdoors of residential constructions.

In terms of regions, North America is estimated to be the largest market, whereas Asia-Pacific is projected to be the highest-growing region in the market, fueled by its higher demand in emerging economies of the region such as China, India, and Japan. Highly growing construction industry along with rapid urbanization and rising disposable income in the emerging economies such as China, Japan, and India, are the major growth factors of the Asia-Pacific’s wooden decking market during the forecast period.

Key Players:

• UPM-Kymmene Oyj
• Weyerhaeuser Company
• West Fraser Timber Co. Ltd.
• UFP Industries, Inc.
• Metsä Group
• Setra Group AB
• James Latham plc
• Cox Industries, Inc.
• Humboldt Redwood Company and Mendocino Redwood Company
• Vetedy Group.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Wooden Decking Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

July 20,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Water Treatment Chemical Market.

Water Treatment is a process that is used to improve the water quality, making it appropriate for various purposes such as drinking and industrial applications. Treating water means removing its contaminations or at least reduce its concentration to make it usable. Numerous varieties of chemicals are used for this purpose.

Water treatment Chemical Market has a wide range of applications in wastewater, industrial water, and portable water. The market for water treatment chemicals is subjected to grow at a healthy CAGR of 6.0% over the next five years to reach US$ 35 billion by 2026. 

For ease of analysis, the water treatment market is segmented into types, namely Chemical type, End-user type, and Region type. Based on the chemical type, the water treatment market is segmented as corrosion inhibitors, coagulants, flocculants, PH adjusters, biocides, disinfectants, scale inhibitors, and others. Despite being hit adversely in 2020, the corrosion inhibitor is expected to remain the largest and the fastest-growing chemical type in the market during the forecast period. They are mainly used for industrial water treatment.

Based on the end-user type, the market is segmented as Paper & Pulp, Power Generation, Metals & Mining, Refining, Wastewater, Municipal, and others. Power generation is expected to remain the biggest demand generator for these chemicals during the forecast period.  The power generation industry is one of the major sources of industrial wastewater, which contains substantial levels of toxic metal impurities such as lead, mercury, arsenic, and chromium. These impurities can cause harm to the environment, if not treated properly. Thus, the power generation industry needs water treatment chemicals in a significant amount, creating a decent market for the same.

In terms of regions, Europe and North America are well-established markets for water treatment chemicals. However, Asia Pacific is expected to emerge as the largest as well as the fastest-growing market for water treatment chemicals during the forecast period. This was mainly due to the growing population coupled with the increasing demand for clean and fresh water for human and industrial needs.

Key Players:

• SUEZ
• Nalco-Ecolab company
• Solenis
• Nouryon
• Kemira Oyj
• Kurita Water Industries Ltd
• The Dow Chemical Company
• SNF Group
• Veolia Water
• Buckman

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Water Treatment Chemical Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

July 19,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Oil Filled Transformer Market.

Oil Filled Transformer Market is likely to witness an impressive CAGR of 6.2% during the forecast period. Development of effective grid systems due to increasing spending on the upgrading of electric infrastructure, initiatives to rejuvenate power grids and making them sustainable, resilient, and affordable and growing electricity demand are some of the major factors driving the market growth during the forecast period.

Oil filled transformers are transformers whose windings and magnetic circuits are absorbed in oil with good electrical insulating properties to wedge the flow of current through the oil.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the core type, the market is segmented as closed, shell, and berry. Shell oil filled transformer is projected to witness strong growth rate in the market owing to the development of HVDC networks to fulfil the continuously increasing electricity demand. Furthermore, the widespread application of shell transformers across higher power ratings and higher voltages, and their special design, that gives them innately better kVA to weight ratio, improved immunity to transit damage and healthier short circuit strength features will boost the product demand during the forecast period.

Based on the product type, the market is segmented as distribution transformer, power transformer, instrument transformer, and others. Power transformer is anticipated to be the leading segment of the market owing to the growing need for a competent transmission system to safeguard reliable power supply. In addition, optimistic leaning towards the development of high voltage lines to accommodate the surging electricity demand across developed economies will fuel the segment growth over the forecast period.

Based on the installation type, the market is segmented as outdoor and indoor. Outdoor oil filled transformers are likely to take the lead in the market on account of their ability to function at high voltage application ranges. In addition, along with offering optimum cooling strength they also mitigate the concerns relating to the dangers of fire, which boost their demand, thus driving the overall industry growth during the forecast period.

Based on the phase type, the market is segmented as three phase and single phase. Three-phase transformers are expected to be the bigger segment of the market during the forecast period owing to the advantageous regulatory policies for the upgradation of small-scale industrial sector across developing economies. Furthermore, the ability of three-phase transformers to run smoothly over voltages transmitted over long distances paired with their economic viability will further promote the product adoption.

Based on the application type, the market is segmented as residential & commercial, utility, and industrial. The utility oil filled transformers market is estimated to be the leading segment of the market given the growing R&D spending aimed at the restoration of grid infrastructure coupled with huge fund distribution by regulatory authorities for the development of grid networks, which will further promote the industry landscape.

In terms of regions, North America is estimated to be the leading region in the market owing to the ongoing technological improvements blended with amplified spending for the development of long-distance electricity networks in the US. On the other hand, Europe and the Middle East are also expected to offer substantial growth opportunities during the forecast period.

Key Players:               

• ABB Ltd
• CNC Electric Group Co., Ltd.
• Eaton Corporation plc
• Elsewedy Electric Co S.A.E.
• General Electric
• ISMET Gmbh
• Ormazabal
• Schneider Electric SE
• Siemens AG
• Toshiba Corporation.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Oil Filled Transformer Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

July 16,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Circuit Breaker Market.

Circuit Breaker Market is likely to witness an impressive CAGR of 7.5% during the forecast period. Increasing focus towards operational safety and growing measures to integrate reliable and sustainable electrical infrastructure is likely to drive the market growth of circuit breakers.

Circuit breaker is a switching device used to interrupt the abnormal or fault current. It is a mechanical device that disturbs the flow of high magnitude fault current along with performing the function of a switch. The market is segment as by voltage type into low {ACB, MCB, MCCB, and Others}, medium {ACB, GCB, VCB, and Others}, and high {ACB, GCB, VCB, and Others}; by rated voltage type into <500 V, 500 V to 1 kV, 1 to 15 kV, 15 to 50 kV, 50 to 70 kV, 70 to 145 kV, 145 to 300 kV, 300 to 500 kV, 550 to 800 kV, >800 kV; by rated current type into <500 A, 500 to 1500 A, 1500 to 2500 A, 2500 to 4500 A, and >4500 A; by installation type into indoor and outdoor; by application type into power distribution and power transmission; and by end-use industry type into residential, commercial, industrial, and utility.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the rated voltage type, the market is segmented as <500V, 500V to 1kV, 1 to 15kV, 15 to 50kV, 50 to 70kV, 70 to 145kV, 145 to 300kV, 300 to 550kV, 500 to 800kV, and >800kV. The <500V segment dominated the market in 2020 and is expected to maintain its position during the forecast period as well. Rural electrification initiatives in the developing economies are the major factor driving the growth of the <500V segment.

Based on the end-use industry type, the market is segmented as residential, industrial, commercial, and utility. The utility segment is projected to witness the fastest growth during the forecast period driven by stringent energy efficiency protocols, inclination towards deployment of smart grid and control networks, and expansion of primary & secondary distribution networks.

In terms of regions, Asia-Pacific is estimated to be the largest market driven by growing investment and infrastructure development in China, Japan, India, South Korea, ASEAN Countries, and Others. Expanding industrial sector, rapid urbanization, significant economic development in the region, and increased focus towards power distribution in remote areas are the major factors driving the growth of the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

• ABB
• Schneider Electric
• Eaton
• Mitsubishi
• Toshiba
• Siemens
• Hitachi
• Crompton Greaves
• Powell Industries
• Hubbell
• Fuji Electric
• Meidensha
• TE Connectivity
• BEL Fuse
• L&T
• Mersen S.A.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Circuit Breaker Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

July 16,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Busbar Market.

Busbar Market is likely to witness an impressive CAGR of 5.5% during the forecast period. Growing investments aimed at establishing effective power supply network, busbar’s ability to provide high voltage power in building structures without occupying any additional space, rising demand for reliable and continuous electricity supply mixed with increasing focus to minimize energy losses across transmission and distribution are some of the major factors driving the market growth during the forecast period.

Busbar is a metallic strip or electrical bar used to distribute power with flexibility and greater ease to multiple circuits in parallel.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the material type, the market is segmented as copper and aluminum. Copper busbar is projected to witness strong growth rate in the market owing to its ability to transmit large currents with minimal losses and high resistivity. In addition, features such as longer lifespan, higher conductivity, advanced security features and high threshold from damage will further fuel the product demand in the market.  Copper busbar is further categorized as electrolytic tough pitch and oxygen free. On the other hand, the aluminum busbar market is expected to be positively influenced by its lightweight and high mechanical strength features.

Based on the power range type, the market is segmented as low, medium, and high. High power is anticipated to be the leading segment of the market owing to the ongoing trend of modernization of ultra-high transmission lines to reduce line losses and suffice electricity demand. Lower sagging and effective supply features over long routes will further fuel the segment growth over the forecast period. The low power busbar market growth to be driven by its ability to distribute power efficiently to light fixture in industrial as well as commercial sector.

Based on the application type, the market is segmented as commercial, residential and industrial. The commercial segment to witness significant growth during the forecast period owing to the rising electricity demand due to rapid urbanization. On the other hand, the industrial busbar segment is estimated to be positively influenced by strong economic growth, growing foreign direct investments toward electricity distribution & generation accompanied with rising public and private funding in development of infrastructure during the forecast period.

In terms of regions, Asia-Pacific is estimated to be the leading region in the market owing to rising investments aimed at modernization and expansion of grid coupled with increased efforts to avoid the electricity supply & demand mismatch. China and India are the growth engines of the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:

• Godrej & Boyce Mfg. Co. Ltd.
• Halcor
• Littlefuse
• MERSEN
• Methode Electronics
• Oriental Copper Co., Ltd.
• Pentair
• Rittal
• Schneider Electric
• Southwire Company, LLC.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Busbar Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

July 14,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Ozone Generator Market. 

Ozone Generator Market is likely to witness a CAGR of 3.7% during the forecast period. Rapid urbanization across developing economies accompanied with rising demand for water purification and wastewater treatment systems are some of the major factors driving the market growth during the forecast period.

Ozone generator is a device which produces ozone for the purification, treatment, and disinfection of air & water. The device operates on the principal of oxidation.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the technology type, the market is segmented as ultraviolet, cold plasma, corona discharge, and electrolytic. The ultraviolet ozone generator market is projected to witness strong growth rate owing to ease of installation and low cost. In addition, the ability of ultraviolet ozone generators to function using ambient air is likely to fuel the product demand during the forecast period.

Based on the application type, the market is segmented as water treatment, laboratory & medical equipment, air treatment, and others. Water treatment is anticipated to be the leading segment of the market owing to rapid urbanization and commercialization across the emerging regions. Ozone generators are employed in various water treatment applications, such as removal of taste, odor and color from the untreated water. Furthermore, their ability to avert the formation of chlorinated disinfection byproducts will sponsor their installation for similar applications, ultimately fueling the segment growth over the forecast period.

Based on the end-use type, the market is segmented as commercial, municipal, and industrial. The industrial ozone generator market is expected to steer the market during the forecast period owing to stringent enforcement of legal instruments governing industrial wastewater discharge mixed with strict regulatory regime. In addition, color elimination from textile plants, decrease in sludge production and phenol, BOD & COD reduction from industrial wastewater will further boost the product demand during the forecast period.

Based on the capacitor type, the market is segmented as ≥ 5 gm/hr, 5 gm/hr - 100 gm/hr, 100 gm/hr - 1 kg/hr, 1 kg/hr - 5 kg/hr, and > 5 kg/hr.

≤ 5 gm/hr ozone generator is expected to be the leading type during the forecast period owing to the growing awareness toward refining indoor air quality index. Furthermore, rising population and urbanization across developing economies will enhance the demand for air purifiers, thereby driving the market growth.

In terms of regions, Asia-Pacific is estimated to be the leading region in the market on account of increasing urban population and consequent demand for water and air treatment equipment. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players:               

• Daikin Industries, Ltd.
• DEL Ozone, Inc.
• EBARA Technologies, Inc.
• Lenntech
• METAWATER Co., Ltd.
• Mitsubishi Electric
• Ozone Tech Systems
• Primozone
• SUEZ
• Toshiba Corporation.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Ozone Generator Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

July 14,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Transfer Switch Market.

Transfer Switch Market is likely to witness an impressive CAGR of 6.3% during the forecast period. The market is expected to be driven by ongoing reforms in developed economies aimed at replacing traditional generating technologies with sustainable energy sources. Due to an increase in investments in large-scale renewable capacity integration, the industry has seen a substantial reversal in recent years.

Transfer switch is an electrical switch which transfers the load across two power sources. It prevents any type of overlap and in case of an outage gives a direct and modest method of powering critical functions, comfort solutions, lights, and emergency equipment.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the operation type, the market is segmented as manual, non-automatic, automatic, and by-pass isolation. The manual switch market is expected to lead owing to fast commercialization and residential establishments across developing economies mixed with the growing apprehensions relating to energy safekeeping. In addition, current disposition of critical operation power systems is likely to further stimulate the product demand during the forecast period.

Based on the ampere rating type, the market is segmented as ≤ 400, 401 to 1600, and >1600. ≤ 400 Ampere transfer switch is expected to be the leading type during the forecast period owing to the swelling demand for rural electrification in various developing countries. Furthermore, regular voltage fluctuations accompanied with instable phase change processes in residential as well as small scale industrial institutions is expected to boost the market growth during the forecast period.

Based on the installation type, the market is segmented as emergency systems, legally required systems, critical operation power systems, and optional standby systems. Critical operations power system is expected to be the leading type during the forecast period. The concerns surrounding reliability across government amenities, along with national security, is expected to boost the market growth during the forecast period.

In terms of regions, North America is estimated to be the leading region in the market, during the forecast period, on account of the advancing replacement demand for present grid infrastructure. Europe and the Asia-Pacific region are also expected to witness significant growth over the forecast period.

Key Players:               

• DynaGen Technologies, Inc.
• Vertiv Holdings Co.
• Briggs & Stratton Corporation
• Caterpillar Inc.
• Eaton Corporation plc
• Cummins
• Generac Holdings Inc.
• General Electric
• Kohler Co.
• Schneider Electric SE.

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Transfer Switch Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

July 13,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Autonomous Farm Equipment Market.

Autonomous Farm Equipment Market is likely to witness a CAGR of 10.6% during the forecast period. Increase in shortage of labor coupled with shifting trends towards usage of autonomous equipment and high implementation of drones in agricultural applications are some of the major factors fueling the growth of the market during the forecast period.

Autonomous farm equipment is a preferable choice for farming procedures as it saves cost and time involved in the yielding process, as compared to standard farm equipment.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Based on the operation type, the market is segmented as fully autonomous and partially autonomous. The fully autonomous segment is estimated to register a higher growth rate in the market on account of increasing implementation of precision farming systems, fueling the segment’s growth during the forecast period.

Based on the product type, the market is segmented as tractors, harvesters, and UAV drone. Tractors are estimated to account for the largest share of the market during the forecast period on account of their wide utilization in the agricultural sector. Further, the constant ability of these vehicles with higher ROI factors is expected to have a positive influence on the market. Also, harvesters are estimated to witness significant growth in the market owing to continuous development in robotics coupled with the product availability at competitive price, boosting the overall industry growth during the forecast period.

Based on the technology type, the market is segmented as software and hardware. Hardware is estimated to be the dominating segment of the market owing to the growing advancements and easy operation of the device, fueling the growth of the segment during the forecast period.

In terms of regions, North America is estimated to be the dominating region in the market during the forecast period owing to the presence of various major industry players and growing utilization of tractors and combined harvesters in the region. On the other hand, Europe and Asia-Pacific are also estimated to witness significant growth in the market on account of events leading to increased productivity across both of the regions during the forecast period.

Key Players:               

• 3D Robotics
• ADAMA Ltd.
• AGCO Corporation
• Agribotix
• Agri-Tronix Corporation
• Autonomous Solutions, Inc.
• Autonomous Tractor Corporation
• Case IH
• Clearpath Robotics, Inc.
• Deutz-Fahr

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Autonomous Farm Equipment Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

July 12,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Global Excavator Attachments Market.

The Global Excavator Attachments Market is expected to grow from USD 4.8 billion in 2020 to USD 6.1 billion by 2026 at a CAGR of over 4.1% during the forecast period.

The growth of the global excavator attachments market is primarily driven by expanding construction industry with rising in both residential and non-residential construction activities.

• In the construction industry excavators are primarily used for digging holes, trenches, and foundations.
• Increased spending on the renovation of buildings to make energy-efficient and modern buildings is likely to fuel the product demand significantly.
• The growing mining industry with high demand for precious metals is propelling the market growth substantially.
• High demand for more technologically advanced products is likely to create lucrative opportunities for the players operating in the global excavator attachment market.

Based on type, the market has been segmented into buckets, grapples, rakes, hammers, augers, and others.

• The buckets segment accounted for more than a 25% share of the global excavator attachments market in 2020.
• Buckets are used for various applications such as digging, grading and ditch cleaning among others.
• Hammers segment is expected to register healthy CAGR during the review period.

Geographically, the market in Asia-Pacific accounted for the largest market share in 2020 and is expected to continue its dominance during the review period.

• The market growth can be attributed to expanding industrialization and growing urbanization in countries such as China and India. Increased spending by the government construction activities for infrastructural development in the emerging economies is likely to propel the market growth further.
• The market in Europe and Asia-Pacific region is expected to register considerable CAGR during the review period.

Key Players:               

• Caterpillar Inc. (The US),
• Craig Manufacturing Ltd. (Canada),
• Sandvik AB (Sweden),
• Epiroc Mining India Limited (India),
• Rockland Acquisition Company, LLC (The US),
• Geith International Ltd. (Ireland),
• Doosan Infracore (South Korea),
• Atlas-copco (Sweden),
• Kenco Group (The US),
• Manitou (France),
• ACS Industries (The US),
• AMI Attachments (Canada),
• EVERDIGM (South Korea), and
• Komatsu Ltd. (Japan).

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Global Excavator Attachments Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors