#Automotive Mechanical Oil Pump Market Share
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The Future of Automotive Mechanical Oil Pumps: Innovations and Challenges
Market Overview
The automotive mechanical oil pump market will generate an estimated revenue of USD 18.2 billion in 2024, and it is expected to witness a CAGR of 2.3% during 2024–2030, to reach USD 20.9 billion by 2030. The growth is attributed to increasing demand of passenger and commercial vehicles in the global market under the stringent emission standards. Optimal performance and efficiency of the engine are crucial, and this is why mechanical oil pumps are important.
There is need to improve the fuel economy that at the same time will lower the running cost while at the same time extending the period between major engine overhauls hence lowering maintenance costs. Higher consumption of efficient cars, higher cost of fuel, and the increased standard of emissions are the recent trends that have shaped the global automotive industry.
As a result, many nations are donating the equipment for the installation of oil pumps that further contribute to the durability of the car. Used in every automotive engine, the automatic oil pump assists in starting and stopping the car, and in maintaining the oil pressure the pistons provide while it lubricates the various parts of the engine. They are both aimed at raising the fuel economy of the car in question.
The increase in the production of ICE and other hybrid electric vehicles is a major factor influencing the automotive mechanical oil pump market, as these are one of the several parts of the lubrication system. With the increasing consumption of automobiles, mechanical oil pumps are bought by the OEMs for fitment during automobile manufacturing.
Key Insights
Wet sump category holds a larger market share of 65% in 2024.
Commonly used in smaller engines with minimal lubrication needs and lower power consumption.
Preferred in most automotive engines due to simplicity, cost-effectiveness, low weight, and minimal maintenance.
Passenger vehicles category accounts for the largest share of 40% in 2024.
Higher production volume to meet increasing demand for personal mobility worldwide.
Gasoline category dominates the market in 2024 with around 50% share.
Requires less-frequent servicing compared to diesel engines and is cost-effective.
Depend heavily on mechanical oil pumps for lubrication and cooling.
Hybrid category is expected to be the faster-growing category with a CAGR of 3.7% during 2024–2030.
Growth driven by environmental concerns and regulations against pure-ICE vehicles.
EV sales are rising, but high costs and inadequate charging infrastructure push HEV/PHEV sales, offering benefits of both ICEs and BEVs.
Vane category is expected to witness the highest CAGR of 2.6% during 2024–2030.
Vane pumps, known as surface tension pumps, enhance fluid velocity and handle less-viscous fluids at high pressures better than gear pumps.
OEMs hold a larger share of 70% in 2024.
Growth driven by demand for mechanical oil pumps integrated into vehicles during manufacturing.
OEMs provide better parts compared to the aftermarket, ensuring efficient lubrication and reduced fuel consumption to meet emission regulations.
APAC holds the largest revenue share of 45% in 2024 and is expected to develop at the highest CAGR of 2.7% from 2024 to 2030.
Growth driven by the expanding automotive sector in regional developing countries.
Strict emission regulations in APAC improve air quality and resolve environmental issues.
Mechanical oil pumps help reduce friction, increase efficiency, and optimize engine lubrication.
In India, the automotive industry produced 25.93 million vehicles in FY2023.
Contributed 8% of the country’s exports and 7.1% of India’s GDP.
Includes three-wheelers, two-wheelers, passenger vehicles, commercial vehicles, and quadricycles.
Source: P&S Intelligence
#Automotive Mechanical Oil Pump Market Share#Automotive Mechanical Oil Pump Market Size#Automotive Mechanical Oil Pump Market Growth#Automotive Mechanical Oil Pump Market Applications#Automotive Mechanical Oil Pump Market Trends
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Refrigerant Oil Market - Forecast(2024 - 2030)
Overview
The Refrigerant Oil Market size is forecast to reach USD $1.6 billion by 2030, after growing at a CAGR of 4.3% during the forecast period 2024-2030. Refrigerant Oil is a high-temperature formulation of a mixture of oil and additives devised for usage in cooling systems. It acts as a lubricant in refrigeration compressors, derived from both mineral and synthetic oil in order to lubricate or reduce friction of metal parts and wear on the compressor. The product flows under high pressure to turn from liquid to vapor state to generate a cooling effect due to its special characteristics such as better chemical and thermal stability, low contamination, low pour point, high dielectric strength and viscosity. Global environmental regulations, such as the Montreal Protocol and subsequent amendments like the Kigali Amendment, are driving the phase-out of high-GWP refrigerants like hydrofluorocarbons (HFCs). This shift is propelled by the need to curb greenhouse gas emissions and combat climate change. Low-GWP refrigerants, including hydrocarbons, natural refrigerants (like ammonia and CO2), and hydrofluoroolefins (HFOs), are gaining prominence due to their significantly reduced impact on global warming compared to their predecessors. The HVACR (Heating, Ventilation, Air Conditioning, and Refrigeration) sector is witnessing consistent growth globally, driven by urbanization, industrialization, and an increasing focus on indoor comfort and air quality. HVACR systems, including air conditioning units, heat pumps, and refrigeration equipment, rely on Refrigerant Oils for effective operation and lubrication of components like compressors, motors, and heat exchangers. Commercial buildings, industries, hospitals, and data centers require sophisticated HVACR systems for temperature control, preservation of goods, and maintaining optimal working environments.
Report Coverage
The report “Refrigerant Oil Market– Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Refrigerant Oil Market. By Type of Oil: Mineral Oil, Synthetic Oil and Others. By Refrigerant Type: Chlorofluorocarbon (CFC), Hydro-chlorofluorocarbon (HCFC), Hydrofluorocarbon (HFC), Ammonia, HFO, Butane and Iso Butane, Propane and Others By Application: Refrigerator & Freezer, Air conditioners, Automotive AC System, Aftermarket and Others By Geography: North America, South America, Europe, APAC, and RoW.
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Key Takeaways
Asia Pacific region is expected to maintain its dominance during the forecast period.
The key factor driving the growth of the global Refrigerant Oil market is the increasing consumption of frozen and packaged food products.
Refrigerant Oil exhibits high viscosity, low pour point, and is contamination-free due to which the market is expected to grow during the forecast period.
By Type of Oil - Segment Analysis
Synthetic Oil segment held a significant share in Refrigerant Oil market in 2023. This dominance is attributed to its high performance in extreme conditions, superior viscosity index, high shear stability, and enhanced chemical resistance in comparison to mineral oil. Additionally, synthetic oil lasts longer and is compatible with low GWP and modern refrigerants such as NH3, HFO, and CO2. The growth is attributed to the increasing demand for POE and PGA in ammonia and CO2 refrigeration systems. On the other hand, the mineral oil offers more benefits over the synthetic oil, which leads to its use as a thermal fluid in mechanical and industrial applications.
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By Application - Segment Analysis
Building Refrigerator & Freezer segment held a significant share in Refrigerant Oil market in 2023 growing at a CAGR of 4.5% during the forecast period. This growth is attributed to the growing demand for perishable food products due to the changing lifestyle of people in developed and developing regions and growth in trade of food products. The rising sales of refrigerators & freezers are anticipated to drive the growth of the market over the forecast period. Compressor Oil is designed to provide long service life in most compressor applications. Moreover, air conditioners segment is expected to have a significant growth during the forecast period due to installation of air conditioners in vehicles, residences, centralized systems in offices and in industries. However, consumer electronics companies plan to increase prices of refrigerators, air-conditioners, microwave ovens and washing machines due to higher component prices amid short supplies from coronavirus-hit China.
By Geography - Segment Analysis
Asia Pacific dominated the Refrigerant Oil market with a share of more than 32%, followed by North America and Europe. The increasing population in the region and the rising demand for refrigerators, freezers, air conditioners, and automobiles in the emerging markets of APAC, such as China and India, are some of the major factors projected to drive the demand for Refrigerant Oil in the region. Furthermore, the improving lifestyle, increasing employment rate, rising disposable income of the people, and mounting foreign investments in various sectors of the economy are some of the other factors that make APAC an attractive market for Refrigerant Oil manufacturers.
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Drivers – Refrigerant Oil Market
Growing Demand for Environmentally Friendly Oils
Stringent EU Consumer and industry preferences are increasingly inclined towards sustainable and eco-friendly products. This extends to refrigeration systems where there's a growing preference for oils derived from renewable sources or with minimal environmental impact. Manufacturers are responding to this demand by developing Refrigerant Oils derived from bio-based or synthetic sources that offer lower GWP, reduced toxicity, and improved biodegradability. Many industries are incorporating sustainability into their operational strategies. This includes using Refrigerant Oils that align with their sustainability commitments and promote environmentally responsible practices.
Cold chain logistics have sparked an interest in refrigeration equipment and in turn Refrigerant Oil
Changing food habits coupled with spending capacity have resulted in a number of licensed and franchised stores of limited services restaurants such as McDonald’s and Subway, KFC and local services and is driving demand for frozen and chilled food products. Moreover, storage of medical products (such as vaccines, other medical products, etc.) is expected to increase demand for refrigeration systems. Hence, it is expected to increase installation of refrigeration equipment in warehouses as well as in vehicles for distribution.
Challenges – Refrigerant Oil Market
Inadequate Source: Expert Insights & IndustryARC Analysis
Stringent regulations Various government organizations are trying to enforce amendments over the industries to reduce the use of HCFCs and CFCs in refrigeration system until 2030 by A5 countries in order to identify such refrigerants as obsolete. Thus, stringent government regulations are expected to hinder the Refrigerant Oil market. Moreover, ammonia is not compatible with copper, so it cannot be used in any system with copper pipes. Release of ammonia due to excess water within the system freezing, causes broken pipes and equipment.
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Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Refrigerant Oil market. in 2023, The major players in the Refrigerant Oil market are Exxon Mobil Corporation, Shell PLC, FUCHS, Idemitsu Kosan Co. Ltd, Petronas International Limited, BP p.l.c., Sinopec Group, Johnson Controls, Japan Sun Oil Company, Ltd., Isel Inc. and Others.
Developments:
In August 2023, The Japanese lubricating oil manufacturer Sun Oil Co. launched a mineral Refrigerant Oil that works with most refrigerants.
In September 2022, Tata Motors announced the launch of the 5W30 synthetic engine oil, which is specifically intended to enhance the performance of the BS6 diesel engines.
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Industry Giants Invest in Advanced VFD Technologies to Capture Growing Market Share"
Overview :
Variable Frequency Drives market size is expected to be worth around USD 37.6 billion by 2033, from USD 23.3 billion in 2023, growing at a CAGR of 4.9% during the forecast period from 2023 to 2033.
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The Variable Frequency Drives (VFD) Market refers to the sector that deals with devices used to control the speed and torque of electric motors by varying the frequency and voltage of the electrical power supplied to them. VFDs are critical components in many applications, from HVAC systems in commercial and residential buildings to automation in industrial processes. By adjusting motor speed, VFDs enhance energy efficiency, reduce wear and tear on equipment, and improve operational control, making them an integral part of modern energy management systems.
The market for VFDs is experiencing growth due to increased adoption across various sectors. The rise of connected devices and smart technologies in commercial, residential, and automotive applications is driving demand for more efficient and flexible motor control solutions. Additionally, significant investments in infrastructure development are boosting the need for advanced HVAC systems, which rely heavily on VFDs for optimal performance. As these systems become more prevalent and technology advances, the VFD market is set to expand, reflecting broader trends toward automation and energy efficiency in modern industry and infrastructure.
Market Segments :
By Product Type
AC Drives
DC Drives
Servo Drives
By Power Range
Micro (0-5 kW)
Low (6-40 kW)
Medium (41-200 kW)
High (>200 kW)
By Application
Pumps
Electric Fans
Conveyors
HVAC
Extruders
Other Applications
By End-Use
Oil & Gas
Power Generation
Infrastructure
Other End-Uses
Product Type Analysis:In 2023, AC Drives dominated the Variable Frequency Drives (VFD) market, capturing about 68.6% of the share. Their widespread use across industries like food and beverage, power generation, and automotive highlights their importance in controlling motor speed and enhancing operational efficiency. Meanwhile, DC Drives are expected to grow at a 6.1% CAGR through 2032.
Power Ranges Analysis :Low Power drives led the market in 2023, accounting for over 42.3% of the share. They are commonly used in applications such as pumps and fans where moderate power is required. The medium power range drives are also seeing growth, expected to increase by 6.8% from 2023 to 2032, due to their versatility in industries like mining and petrochemicals.
Application Analysis:Pumps were the leading application in 2023, holding over 30.2% of the market share. They are crucial for moving fluids in various industries and benefit significantly from the energy-saving capabilities of VFDs. The HVAC segment is projected to grow by 5.9% between 2023 and 2032, driven by the rising demand for energy-efficient climate control systems.
End-Use Analysis:Oil and gas applications led the VFD market in 2023, with over 20.3% of the share. VFDs are essential in processes like pumping, drilling, and refining, enhancing efficiency and reducing power consumption. The infrastructure sector is expected to grow at a 6.8% CAGR through 2032, driven by increased industrial activities and the shift from mechanical to electric motors.
Маrkеt Кеу Рlауеrѕ
ABB Ltd
Siemens AG
Danfoss A/S
Rockwell Automation
GE Power
Toshiba International Corporation
Schneider Electric
Mitsubishi Electric Corporation
Honeywell International Inc.
Emerson Industrial Automation
Fuji Electric Co. Ltd
Johnson Controls Inc.
Eaton PLC
Hitachi Ltd.
Nord Drive Systems
Eaton
Drivers:Variable Frequency Drives (VFDs) are increasingly essential across industries due to their energy-saving capabilities and precise motor control. Major projects in countries like China and India, which involve substantial cement and paper production, drive demand for these drives. VFDs help optimize energy use in millions of motors worldwide, leading to cost savings and enhanced efficiency.
Restraints:The oil and gas sector, a significant user of VFDs, has faced stagnation due to reduced exploration and production activities. Volatile oil prices create uncertainty, causing companies to hesitate on new investments in VFD technology. Additionally, stringent regulations aimed at reducing greenhouse gas emissions impose further challenges, potentially leading to decreased VFD usage as companies navigate the complexities of compliance and pollution control.
Opportunities:Upgrades to aging power infrastructure present a significant opportunity for VFD manufacturers. In regions like the US and Canada, improving outdated power networks and reducing power outages are critical needs. New regulations and investments in power systems create a growing demand for VFDs, offering a chance for companies to capitalize on the expanding market for these essential components in power management.
Challenges:The COVID-19 pandemic disrupted the production of electric motors and VFDs due to factory closures and supply chain interruptions. Key manufacturing hubs in China and the US experienced slowdowns, impacting the availability and cost of components. This has led to financial strain for companies reliant on these parts, complicating production and distribution efforts in the VFD market.
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Understanding Market Dynamics: Couplings Size, Share, and Trends
The global couplings market is valued at US$ 1.3 billion in 2023 and is expected to reach US$ 1.7 billion by 2033. This is because worldwide sales of couplings are predicted to increase steadily at a CAGR of 3% through 2033. The couplings market refers to the industry that produces and sells mechanical couplings used to connect two rotating shafts together. These couplings are typically used in machinery and equipment such as pumps, generators, compressors, and turbines
There are many different types of couplings available on the market, including flexible couplings, rigid couplings, and fluid couplings, among others. Each type of coupling has its own specific benefits and applications. The global couplings market is expected to continue growing due to increasing demand from various industries, such as oil and gas, power generation, and automotive. The market is also being driven by advancements in technology, which are leading to the development of more efficient and reliable couplings
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The couplings market is an integral component of various industries, providing essential connections for transmitting power and torque between rotating shafts. These mechanical devices play a crucial role in ensuring the smooth and efficient operation of machinery and equipment in sectors such as manufacturing, automotive, aerospace, and energy. Couplings facilitate the connection and disconnection of shafts while compensating for misalignments and accommodating axial and angular movements. The market has experienced steady growth, driven by the increasing demand for reliable and durable couplings to enhance the performance of machinery and contribute to operational efficiency.
Key Market Drivers:
Industrial Automation: The rise of industrial automation has been a significant driver for the couplings market. As industries increasingly adopt automated systems and robotics, the demand for precision couplings that provide accurate torque transmission and support dynamic movements has grown substantially.
Renewable Energy Expansion: The expansion of renewable energy projects, particularly in wind and solar power generation, has contributed to the demand for couplings. Couplings are essential components in the mechanical drive systems of wind turbines and solar tracking systems, ensuring efficient power transmission in renewable energy applications.
Infrastructure Development: Ongoing infrastructure development projects, including the construction of buildings, bridges, and transportation systems, drive the need for heavy machinery and equipment. Couplings are critical in construction machinery, supporting reliable power transmission and enabling the functionality of various construction equipment.
Key Takeaways from Market Study
The global couplings market is valued at US$ 1.3 billion in 2023.
Demand for couplings in China is predicted to expand at a CAGR of 4.5% during the forecast period.
Sales of elastomeric couplings are expected to rise at a CAGR of 4% through 2033.
Demand for metallic couplings is predicted to increase at a CAGR of 3% from 2023 to 2033.
Region wise Insights
North America: The North American couplings market is driven by the increasing demand for couplings in various industries, including oil and gas, power generation, and aerospace. The United States is the largest market in this region due to its strong manufacturing industry and high demand for machinery and equipment.
Europe: The European couplings market is expected to experience steady growth due to the presence of a large number of manufacturing industries and the increasing demand for automation in various sectors. Germany is the largest market in this region, followed by the UK and France.
Asia-Pacific: The Asia-Pacific region is the fastest-growing couplings market, with countries such as China, India, and Japan leading the way. The region’s growth is driven by increasing industrialization, urbanization, and infrastructure development. The rising demand for power and energy and the growing automotive industry are also contributing to the growth of the market.
Latin America: The Latin American couplings market is expected to grow at a moderate pace due to the increasing demand for energy and infrastructure development in the region. Brazil is the largest market in this region, followed by Mexico and Argentina.
Middle East and Africa: The Middle East and Africa couplings market is expected to experience significant growth due to increasing investments in infrastructure development and the growing oil and gas industry in the region. The United Arab Emirates, Saudi Arabia, and South Africa are the largest markets in this region.
Competitive Landscape
Key players in the couplings market are being encouraged by rapid industrialization and expansion in the aerospace & defence, healthcare, and industrial sectors to produce cutting-edge products to fulfil end users’ demand, which is further enhancing their earnings.
Leading firms in this market are using a variety of organic and inorganic marketing strategies, according to Fact.MR, a source of market research and competitive information.
The development of its brand-new Rotex series intermediate shaft couplings was unveiled by KTR Systems GmbH in June 2022. The shaft lengths that may be supported by these aluminium shaft couplings are up to 4,000 mm.
Key Companies Profiled
ABB Ltd.
Altra Industrial Motion Corporation
Boston Gear
Challenge Power Transmission Ltd
Anmark
Camozzi Industries spa Societa Unipersonale
Bea Ingranaggi SpA
Chr. Mayr GmbH + Co. KG
ALMA driving elements GmbH
ComInTec
Colder Products Company
Colly Flowtech
AMG-PESCH
Arestho
Current Industry News :
Several trends and developments may have shaped the couplings market in 2023.
Focus on Smart Couplings: The industry may have seen a heightened focus on smart couplings equipped with sensors and monitoring technologies. These smart couplings provide real-time data on operating conditions, enabling predictive maintenance strategies and contributing to overall equipment reliability.
Increased Adoption of Non-metallic Couplings: The market may have witnessed an increased adoption of non-metallic couplings, such as those made from composite materials or polymers. Non-metallic couplings offer benefits such as corrosion resistance, reduced weight, and the ability to dampen vibrations, catering to the evolving needs of industries.
Sustainability Initiatives: Coupling manufacturers may have aligned with sustainability initiatives by exploring eco-friendly materials and manufacturing processes. The emphasis on environmental responsibility and green technologies may have influenced the development of couplings with reduced environmental impact.
Rise of Online Platforms for Coupling Procurement: The digital transformation in industrial procurement may have led to the rise of online platforms for coupling procurement. E-commerce platforms specializing in industrial components could offer a convenient and efficient way for businesses to source couplings, providing a wide range of options and facilitating easy comparison.
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Automotive Pumps Market Share, Trend & Growth Forecast to 2032
Automotive pumps market is expected to surpass USD 22.78 billion by 2032. The market has witnessed significant growth in recent years, driven by the rising demand for vehicles worldwide. Automotive pumps play a crucial role in various automotive systems, including fuel, water, oil, and transmission. With the advent of electric and hybrid vehicles, the demand for electric pumps has surged. Additionally, stringent emission regulations have compelled automotive manufacturers to adopt advanced pump technologies for improved fuel efficiency. Focusing among automakers on product innovations and strategic collaborations to meet the evolving consumer demand will to industry demand. As the automotive industry continues to evolve, the automotive pumps market is expected to experience sustained growth in the coming years.
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Based on type, the market is divided into fuel injection pump, steering pump, windshield pump, fuel pump, water pump, and transmission oil pump. The automotive pumps market share from the fuel pump segment is anticipated to grow substantially through 2032 as they ensure a consistent and reliable fuel supply, maintaining optimal engine performance. High-pressure fuel pumps have become more prevalent to support direct fuel injection systems, enhancing fuel efficiency and reducing emissions. The increasing production of vehicles globally and the growing focus on eco-friendly technologies, along with advancements in fuel pump designs, such as electric fuel pumps, with improved reliability & durability, are propelling the market growth.
On the basis of vehicle type, the automotive pumps market is segmented into light commercial vehicles, passenger cars, and heavy commercial vehicles. The light commercial vehicles segment is anticipated to witness significant growth through 2032. LCVs, such as vans and pickup trucks, rely on pumps for fuel delivery, cooling, lubrication, and hydraulic functions. Fuel pumps help maintain a steady flow of fuel to the engine, ensuring improved fuel efficiency. Cooling pumps assist in regulating the engine temperature, preventing overheating during heavy-duty operations. Lubrication pumps ensure proper lubrication of engine components, reducing wear and extending the vehicle's lifespan. Hydraulic pumps power hydraulic systems, enabling functions like power steering and lifting mechanisms. The use of automotive pumps in LCVs is vital for their smooth operation in commercial applications.
In terms of technology, the market is bifurcated into electrical and mechanical. The electrical segment of automotive pumps market is predicted to observe surge in demand by 2032. Electrical automotive pumps have revolutionized the automotive industry by offering efficient & reliable solutions for various systems. They provide precise control and reduced energy consumption compared to traditional mechanical pumps. Electric fuel pumps, in particular, have gained traction due to their ability to support advanced fuel injection systems and optimize fuel delivery. Additionally, electric coolant pumps ensure better engine cooling, enabling better thermal management in electric and hybrid vehicles.
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Geographically, Asia Pacific automotive pumps market will experience significant growth through 2032, driven by the expanding automotive industry in the region. Factors such as population boom, urbanization, and increasing disposable incomes have fueled the vehicle sales, leading to a surge in the demand for automotive pumps. Additionally, the adoption of stringent emission regulations and the shift towards electric & hybrid vehicles are adding to market demand. As the key players are focusing on product development, partnerships, and strategic expansions to capitalize on the growing opportunities in the region, the market in APAC will continue to grow.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Automotive Pumps industry 3600 synopsis, 2018 – 2032
2.2 Business trends
2.3 Regional trends
2.4 Type trends
2.5 Technology trends
2.6 Vehicle type trends
2.7 Sales Channel trends
Chapter 3 Global Automotive Pumps Industry Insights
3.1 Impact of COVID-19 outbreak.
3.2 Impact of Russia Ukraine war
3.3 Automotive Pumps industry ecosystem analysis
3.4 Industry Ecosystem
3.4.1 Raw material suppliers
3.4.2 Manufacturers
3.4.3 Distributors channel analysis
3.4.4 End-users
3.4.5 Profit margin analysis
3.4.6 Vendor matrix
3.4.7 Distribution & Dealers
3.4.8 Impact of covid-19 on value chain
3.4.9 Technology & innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.6.1 New product launch
3.6.2 Partnership/collaboration
3.6.3 Merger/acquisition
3.7 Pricing analysis
3.8 Regulatory landscape
3.8.1 North America
3.8.2 Europe
3.8.3 Asia Pacific
3.8.4 Latin America
3.8.5 MEA
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Increasing vehicle production
3.9.1.2 Stringent emission and fuel efficiency regulations
3.9.1.3 Rising demand for electric vehicles (EVs)
3.9.2 Industry pitfalls & challenges
3.9.2.1 Volatility in raw material prices
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
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Heat Pump Market Industry Development Scenario and Forecast to 2035
research analysis on “Heat pump Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global heat pump market in terms of market segmentation by application, technology, operation, and by region.
Growing Concern About the Escalating Carbon Emissions to Promote Global Market Share of Heat Pump
The global heat pump market is estimated to grow majorly on account of the growing carbon footprint worldwide with the rapidly increasing demand for energy by the global population as well as the increasing utilization of fossil fuels. It is anticipated that the consumption of fossil fuels worldwide is rising by over 1% each year. Additionally, residential buildings in the United States alone contribute to nearly 20% of U.S. carbon emissions, with 50% contributed by burning fossil fuels.
Moreover, the rising implementation of heat pump technologies is responsible for the increasing sales of heat pumps as they are becoming a prerequisite in newly built homes and as a part of home renovations. As per research, the United Kingdom announced a target of 600,000 heat pump sales annually by 2028 with plans to introduce a ban on oil and gas boilers within the next 5 years. As electrical resistance heating is anticipated to be ~61% to 131% more expensive than heat pumps, there is increased demand for heat pumps in the end user industries like paper, textile, food and beverages, chemical, metal, automotive, mechanical, wood, and many others. All these factors are anticipated to boost the market growth in the forecast period.
Some of the major growth factors and challenges that are associated with the growth of the global heat pump market are:
Growth Drivers:
Surge in Adoption of Heat Pumps in Multiple Industries
Rising Installation of Heat Pumps
Challenges:
The rising concern about global warming as well as the ban on certain fluorinated and non-fluorinated solutions such as F-gas that are currently widely used in many applications including heat pumps are some of the major factors anticipated to hamper the global market size of the heat pump. F-gases are often used as substitutes for ozone-depleting substances but are also considered a powerful greenhouse gas. By 2030, current EU regulation seeks to reduce F-gas consumption to a third of what it was in 2015. However, in an effort to counteract global warming, the EU is reconsidering this regulation and is in favor of further reducing this amount. The supply chain disruption and high cost of heat pumps are other factors that are restraining the growth of heat pump market in the forecast period.
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By application, the global heat pump market is segmented into industrial, commercial, and residential. The industrial segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The growth of the segment can be attributed to the expanding growth of industries worldwide as well as the increased manufacturing output owing to the rising demand for goods worldwide. It was found that in 2021, the world manufacturing output increased by approximately 18.25% from 2020, reaching to ~USD 16,047 Billion.
By region, the Asia Pacific heat pump market is to generate the highest revenue by the end of 2035. This growth is anticipated by expanding industrialization in the region, especially with the growing automotive, chemical, paper, textile, and other industries. Moreover, with the increasing pool of population and their disposable income in the region, the demand for efficient space and water heating solutions in residential buildings as well as commercial spaces is surging further. It was found that in terms of passenger car production, China led the world in 2021, with nearly 21 million units of production. Moreover, as per findings, Asia accounted for a ~59% share of the global chemical industry's revenue in 2021.
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This report also provides the existing competitive scenario of some of the key players of the global heat pump market which includes company profiling of Viessmann Climate Solutions SE, Daikin Industries, Ltd., Johnson Controls, NIBE Group, Midea Group, Ingersoll Rand Plc., Vaillant Group, Robert Bosch GmbH, The Danfoss Group, and others.
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Research Nester assesses the growth and market size of global heat pump market which is anticipated to grow on account of the growing importance of clean energy with the gradually depleting fossil fuel reserves.
New York – April 10, 2022 - Research Nester’s recent market research analysis on “Heat pump Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global heat pump market in terms of market segmentation by application, technology, operation, and by region.
Growing Concern About the Escalating Carbon Emissions to Promote Global Market Share of Heat Pump
The global heat pump market is estimated to grow majorly on account of the growing carbon footprint worldwide with the rapidly increasing demand for energy by the global population as well as the increasing utilization of fossil fuels. It is anticipated that the consumption of fossil fuels worldwide is rising by over 1% each year. Additionally, residential buildings in the United States alone contribute to nearly 20% of U.S. carbon emissions, with 50% contributed by burning fossil fuels.
Moreover, the rising implementation of heat pump technologies is responsible for the increasing sales of heat pumps as they are becoming a prerequisite in newly built homes and as a part of home renovations. As per research, the United Kingdom announced a target of 600,000 heat pump sales annually by 2028 with plans to introduce a ban on oil and gas boilers within the next 5 years. As electrical resistance heating is anticipated to be ~61% to 131% more expensive than heat pumps, there is increased demand for heat pumps in the end user industries like paper, textile, food and beverages, chemical, metal, automotive, mechanical, wood, and many others. All these factors are anticipated to boost the market growth in the forecast period.
Some of the major growth factors and challenges that are associated with the growth of the global heat pump market are:
Growth Drivers:
Surge in Adoption of Heat Pumps in Multiple Industries
Rising Installation of Heat Pumps
Challenges:
The rising concern about global warming as well as the ban on certain fluorinated and non-fluorinated solutions such as F-gas that are currently widely used in many applications including heat pumps are some of the major factors anticipated to hamper the global market size of the heat pump. F-gases are often used as substitutes for ozone-depleting substances but are also considered a powerful greenhouse gas. By 2030, current EU regulation seeks to reduce F-gas consumption to a third of what it was in 2015. However, in an effort to counteract global warming, the EU is reconsidering this regulation and is in favor of further reducing this amount. The supply chain disruption and high cost of heat pumps are other factors that are restraining the growth of heat pump market in the forecast period.
By application, the global heat pump market is segmented into industrial, commercial, and residential. The industrial segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. The growth of the segment can be attributed to the expanding growth of industries worldwide as well as the increased manufacturing output owing to the rising demand for goods worldwide. It was found that in 2021, the world manufacturing output increased by approximately 18.25% from 2020, reaching to ~USD 16,047 Billion.
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By region, the Asia Pacific heat pump market is to generate the highest revenue by the end of 2035. This growth is anticipated by expanding industrialization in the region, especially with the growing automotive, chemical, paper, textile, and other industries. Moreover, with the increasing pool of population and their disposable income in the region, the demand for efficient space and water heating solutions in residential buildings as well as commercial spaces is surging further. It was found that in terms of passenger car production, China led the world in 2021, with nearly 21 million units of production. Moreover, as per findings, Asia accounted for a ~59% share of the global chemical industry's revenue in 2021.
This report also provides the existing competitive scenario of some of the key players of the global heat pump market which includes company profiling of Viessmann Climate Solutions SE, Daikin Industries, Ltd., Johnson Controls, NIBE Group, Midea Group, Ingersoll Rand Plc., Vaillant Group, Robert Bosch GmbH, The Danfoss Group, and others.
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Powering Up Productivity: An Insightful Analysis of the Hydraulic Pumps Market and its Wide Range of Applications
Hydraulic pumps are mechanical devices that convert mechanical power into hydraulic energy by forcing fluids through a series of chambers or gears. They are used in a variety of applications, including construction equipment, agricultural machinery, aerospace, and marine applications. The Hydraulic Pumps Market is driven by the growing demand for high-quality hydraulic pumps in industries such as oil and gas, automotive, and mining, among others. The market is also driven by the increasing demand for energy-efficient and eco-friendly hydraulic pumps that are designed to reduce energy consumption and emissions.
The Asia Pacific region is expected to be the largest market for hydraulic pumps, driven by the growing demand for construction equipment, industrial machinery, and agriculture equipment in countries such as China, India, and Japan. North America and Europe are also significant markets, driven by the presence of established industries such as automotive and aerospace. Additionally, the growing demand for renewable energy sources such as wind and solar power is expected to drive the demand for hydraulic pumps in the coming years.
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Some of the key players in the Hydraulic Pumps Market include Eaton Corporation, Parker Hannifin Corporation, Bosch Rexroth AG, Kawasaki Heavy Industries Ltd., and Danfoss A/S, among others. These companies are focusing on product innovation, development, and customization to meet the specific requirements of different industries. They are also focusing on expanding their global presence through strategic partnerships and collaborations, mergers and acquisitions, and new product launches, to increase their market share and revenue growth.
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How will Electric Vehicles Impact the Intra-city Logistics Industry? - Etrio
The global automotive industry is trying to switch to alternative energy options in a big way. India’s recent investments too will see an exemplary shift in the near future. Indian EV Market value stood at USD 5 billion in 2020, and it is predicted to reach USD 47 billion by 2026. This is a CAGR of more than 44% during 2021-2026.
All this while there has been a lot of burden of oil imports, rising pollution, and international commitments to combat global environment changes. As Electric Vehicles (EVs) grow in popularity, all the nations are adopting EVs, as they are more energy-efficient transportation and on-road delivery methods. The EV’s market share of automobiles is continuously expounding, in intra-city transport, last and mid mile delivery. We will see more electric LCVs, electric bikes, electric cars, and electric three-wheelers on our roads.
What makes EVs perfect for the Logistics Industry?
♦ Reduced Cost of Ownership
As the government introduces new policies and adopts new technologies in the electric vehicle industry, the TCO (Total Cost of Ownership) of EVs are coming down meaningfully. The new battery swapping technique considers the batteries as a separate entity, and therefore it can be owned by energy operators. This is another method that brings the upfront cost of EV usage, particularly for the intra-city logistics industry. This is going to promote the sales of EVs in India.
♦ Environment friendly
ICE road transport contributes majorly towards polluting the environment with toxic gases. Electric mobility in the logistics sector will have a major role to play in effectively dealing with the environmental issues created by ICE vehicles.
♦ Higher Savings on Fuel Costs
EVs reduce greenhouse gas emissions and bring down running costs. With a continuous surge in petrol prices, EVs have turned out to be an excellent alternative for ICE vehicles in saving energy and energy costs.
♦ Minimal Maintenance
EVs require less maintenance and service support. The maintenance costs connected to the oil change, spark plugs, fuel tank, and pump, etc. bring down the maintenance requirements. The easy addition of new technologies in EVs augments the implementation of electric vehicles in the logistics sector easily.
♦ Reduced Last Mile Logistics Costs
The supply chain companies find EVs as more economical alternatives for last-mile logistics. Due to the simple vehicle structure EVs have, it allows easy integration of present-day technologies for fleet tracking and optimization. Proper tracking and optimizing bring down last-minute logistics costs.
♦ Tracking And Analysis of Electric Vehicle Easier
It is easy to track valuable information about EVs and their batteries for fleet operations. The details relating to lifecycle, battery health, charging, and discharging can be tracked with the software and sensors in the electric vehicle logistics.
♦ Support from Government Initiatives
The logistics sector is the most contributing source of greenhouse gas emissions. This calls for a need for transition to EVs. The logistics sector also saves on the cost of importing the fuel, reducing the import bills with this transformation. Both central and the state governments are constantly introducing new initiatives and policies to endorse electric vehicles for the logistics sector. Fame India scheme specifically focuses on encouraging electric vehicle purchase by providing subsidies on the purchase of EVs. The scheme aims to provide necessary charging infrastructure for EVs too.
♦ Scope of Retro-fitment In Intra City Logistics
In India, many states in consultation with the Government have planned an easier mechanism for an exit strategy for EV enterprises. For prioritizing the vehicle segment for EV transition, the policies for retro fitment of existing ICE vehicles such as passenger cars, companies are implemented. The companies like Etrio support e-commerce companies, logistics players and drivers, with seamless transition solutions. The EV conversion system is evolving with an aim to provide affordable electric mobility in all segments of society.
♦ Cost-Benefit Analysis (CBA) With ICE Vehicles
The upfront cost of electric two-wheelers cars, buses, and three-wheelers may be higher than their ICE counterparts, but it continues to decline and will be much more affordable when it reaches economies of scale. But they add to significant fuel cost savings. For public transport, a higher daily run also converts into savings. This use case will immediately position all kinds of vehicles from two-wheelers to buses into being instantaneously electrified.
♦ Focus on End User and Operator Benefit
With the asset-light options springing up in relation to intra-city transport vehicles like three-wheelers, two-wheelers, and LCVs, the total cost benefits are appreciated not only by the operator but by the passengers/end users also. OEMs and EV companies are reducing the complexity and uncertainty of prospective EV buyers by providing simple, care-free configuration and ownership options.
♦ Hassle Free Registration and Finance at City Level
For the OEMs and prospective EV buyers, there is a big incentive in the form of exemption from the issue and renewal of registration fees. From subsidy on purchase to an exemption from road tax, registration charges, to low interest rates on loans; everything boils down to many viable electrified transportation options at the city level.
For the next 20 years, things were quiet on the electric vehicles front. But the 1950s brought them back into the limelight. Growing concerns about pollution from gasoline cars prompted governments from across the globe to rethink their on-road strategy. People were now dreaming of a sustainable zero-emission car that would be the catalyst for change.
Logistic Industry on its way to achieving sustainability
Businesses Adopting Electric Fleets
In 2017, Wal-Mart pre-ordered 15 of Tesla’s electric tractor-trailers. This was their major move to save up about $25,000/year, semi-truck. Likewise, many impactful orders for intercity transport vehicles come from the richest companies drive other companies to implement these technologies, and set industry trends. Electric intra-city EV fleets help them move towards more profitability and they have increased level of customer confidence and are moving towards sustainable transport.
♦ Spending on EVs Will Go Up, With Government’s Constant Support
Stimulated by increasing government investments and support, global spending on EV purchases has grown. From simple tax breaks to subsidies and encouragement to retro fitment from ICE vehicles, more complex formulas are being applied to magnify EV sales.
♦ Asset Light Model Vis-A-Vis Ownership Model
Many B2B companies are favoring asset-light models and prefer the drivers to own EVs or they want to collaborate with third-party financing/leasing companies. Vehicle leasing schemes or the rental leasing for e-three wheelers, in particular, are successful and provide a hassle-free ownership experience to its consumers compared to the ownership model.
♦ Electric Bus and Truck Registrations Will Expand
Electric bus and electric heavy-duty truck (HDT) registrations increased globally. Truck makers indicate an all-electric future, therefore they are broadening their range of available zero-emission HDVs, and the registrations are steadily increasing.
♦ Demand vs supply
Rapidly speeding up the EV market will have a lot of impact on the supply chains. Economic Times in Oct ‘21 reports that in the first half of FY22, EV sales have more than tripled to 1.18 lakh units. The biggest demand came from the commercial segment i.e. two-wheeler and three-wheeler segments. A supply chain and manufacturing capability is another complex task that is requiring a lot of planning and investments to meet future demand.
♦ Business Benefits will reap in for Supply Chain enterprises
EVs have drawn considerable interest among supply chain enterprises because of the efficiency and sustainability it brings. All types of delivery businesses can easily apply delivery fleets for last-mile deliveries. Since it is gradually gaining popularity, it is helping in accurately planning delivery routes, dispatches with driving lesser miles. Minimum fuel, cost-effectiveness, and easy maintenance further add to the business benefits.
Electric-powered cars will certainly still improve, and within the next few years, we will expect to ascertain more hybrid and pure electric vehicles on the roads. New solutions need to be found in other research fields like producing electric energy from renewable sources, integrating vehicles’ batteries into the longer-term smart-grid systems, a new wireless charging system, and self-driving/parking abilities. Besides these technical features, also some social influence of the latest principles of human mobility to future communities of smart cities is going to be considered.
Conclusion- EVs will revolutionize Intra City Logistics Industry
Fuel-led vehicles will eventually become a thing of the past, so we need to switch to EVs quickly for the prevalence of EVs and their infrastructure. EVs are the future due to the advantages it has over their counterparts. NITI Aayog reports that in India’s logistics costs can come down by 4% of the country’s GDP. This will lead to major savings by 2030. Last-mile mobility has a huge EV penetration opportunity. Fast deployment of EVs needs a comparable ramp-up of key enablers like subsidy and ease of financing etc.
This encourages all of the above intracity logistics industry to actively contribute to decongesting and decarbonizing the environment. Etrio is a pioneering start-up in this field. It is India’s first company to receive approval from the Automotive Research Association of India for retrofitting, and building an ecosystem for electrifying your intra-city fleets.
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Industrial Automation Spares Market- Global Opportunity Analysis and Industry Forecast (2022-2029)
Meticulous Research®—a leading global market research company, published a research report titled “Industrial Automation Sparesssss Market by Type (Electrical Components, Electronic Components, Mechanical Components), End User (Oil & Gas, Automotive, F&B, Semiconductor & Electronics, Power), and Geography- Global Forecasts to 2029”.
The industrial automation spare part components market is expected to grow at a CAGR of 5.7% from 2022 to reach $16.54 billion by 2029. The growth of the industrial automation spare part components markets is attributed to the rising investments and transformation in conventional manufacturing facilities and shift to digitized systems. This transition has created the demand for the deployment of automation systems and thus the need for industrial automation spare part components. Moreover, the rising number of SMEs and the need to improve the safety of the production process are expected to create an ample number of opportunities for the players in the market.
However, the high cost of procurement and low-cost competitors restrains and challenges the growth of this market.
The industrial automation spare part components market is segmented based on type, end user, and geography. The study also evaluates industry competitors and analyses the market at the country level.
Download Sample Report Here: https://www.meticulousresearch.com/download-sample-report/cp_id=5256 Scope of the Report
Industrial Automation Spares Market, by Type
· Electrical Component
o Motors & Drives
o Variable Frequency Drives (VFD)
o Power Supply Unit (PSU)
o Circuit Breakers
o Actuators
o Line Reactors
o Other Electrical Components
· Electronic Component
o Switches & Relays
o Sensors
o Printed Circuit Boards
o PLC Systems
o Encoders/Potentiometers
o Other Electronic Components
· Pneumatic and Hydraulic Component
o Hydraulic Pumps
o Hydraulic Valves
o Hydraulic Cylinders
o Air Preparation Components
o Air Valves
o Air Cylinders
o Other Components
· Mechanical Components
o Gears/Gear System
o Bearings
o Couplers
o Other Mechanical Components
· Connectors
· Structural Machine Parts
o Fasteners
o Machine Frames
o Other Parts
· Cable and Harnesses
· Industrial Safety Components
Industrial Automation Spares Market, by End User
· Oil & Gas
· Automotive
· Food & Beverage
· Semiconductor & Electronics
· Chemical & Materials
· Consumer Goods
· Mining & Metals
· Power
· Pharmaceutical & Biotech
· Machine & Tools
· Paper & Pulp
· Aerospace & Defense
· Other End Users
Industrial Automation Spares Market, by Geography
· Asia-Pacific (APAC)
o China
o Japan
o South Korea
o India
o South East Asia
o Rest of Asia-Pacific
· Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe (RoE)
· North America
o U.S.
o Canada
· Latin America
· Middle East & Africa
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Based on type, the industrial automation spare parts market is segmented into electrical components, electronic components, pneumatic and hydraulic components, mechanical components, connectors, structural machine parts, cable and harnesses, and industrial safety components. In 2022, the electrical components segment is expected to account for the largest share of the industrial automation spare part components market. The growth of this segment is driven by its crucial role in regulating the power supplied to the system and preventing failure. The most commonly used components or spare parts in an electrical setup include circuit breakers, line reactors, variable frequency drives (VFDs), motors and drives, power supply units, actuators, and other electrical components.
Based on end user, the industrial automation spares market is segmented into oil & gas, automotive, food & beverage, semiconductor & electronics, chemical & materials, consumer goods, mining & metals, power, pharmaceutical & biotech, machine & tools, paper & pulp, aerospace & defense, and other end users. In 2022, the oil & gas segment is expected to hold the largest share of the industrial automation spare part components market. The growth of this segment is driven by the benefits of automation technologies in oil & gas exploration activities, such as improved decision making, troubleshooting, and performance efficiency. Some of the major areas highly influenced by automation in the oil & gas sector include drilling operations, diagnostics & inspections, pipeline monitoring systems, weather monitoring systems, and pressure & flow systems. The increasing implementation of automation components, such as enterprise-level controls and plant-level controls, improves business models and increases operational efficiency.
Geographic Review:
Based on geography, the market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to account for the largest share of the global industrial automation spares market in 2022. The high market growth in Asia-Pacific is driven by the rapid population growth & urbanization, economic development, increasing wages, and reduced production costs offered by automation. The Asia-Pacific region presents diverse opportunities for adopting automation solutions due to its large manufacturing sector. The traditional industrial production areas are generally characterized by manual or semi-automatically controlling processes.
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The key players profiled in the industrial automation spare part components market are ABB Limited (Switzerland), Siemens AG (Germany), Honeywell International, Inc. (U.S.), Rockwell Automation (U.S.), Baumer Ltd (Switzerland), Encoder Products Company, Inc (U.S.), Fuji Electric Co. Ltd. (Japan), Delta Electronics, Inc (Taiwan), Emerson Electric (U.S.), Omron Corporation (Japan), Panasonic Corporation (Japan), Baumuller Holding GmbH & Co. KG (Germany), Balluff GmbH (Germany), Sensata Technologies, Inc (U.S.), Festo Corporation (Germany), Parker-Hannifin Corporation (U.S.), SMC Corporation (Japan), DESTACO (U.S.), SWISS Automation, Inc (U.S.), and Mitsubishi Electric Corporation (Japan).
Key Questions Answered in the Report-
· Which are the high-growth market segments in terms of type, end user, and geography?
· What is the historical market size for industrial automation spare part components across the globe?
· What are the market forecasts and estimates for the period 2022–2029?
· What are the major drivers, restraints, opportunities, and challenges in the global industrial automation spare part components market?
· Who are the major players in the market, and what are their market shares?
· How is the competitive landscape for the global industrial automation spare part components market?
· What are the recent developments in the global industrial automation spare part components market?
· What are the different strategies adopted by the major players in the market?
· What are the key geographic trends, and which are the high-growth countries?
· Who are the local emerging players in the global industrial automation spare part components market, and how do they compete with other players?
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#Industrial Automation Spares Market Industrial Automation Spares Automation Spares Automotive Semiconductor Electronics spare parts automati#Industrial Automation Spares Market#Industrial Automation Spares#Automation Spares#Automotive#Semiconductor#Electronics#spare parts#automation#mechanical#power#oil and gas#energy
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Global Automotive Transmission Filter Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2021-2027
The transmission filter is a vital part of that system and is situated above the transmission pan, which catches any excess fluid, and below a pickup tube that connects to the oil pump, which regulates the pressure of fluid in the transmission. The transmission filter functions as a sieve to collect contaminants like dirt and debris before sending lubricating fluid to the transmission itself. Although every vehicle has its own optimal maintenance needs that can usually be located in the owner?s manual, the general consensus among mechanics is that the transmission filter and fluid should be replaced every 25,000 miles.
Global Automotive Transmission Filter key players include Mann-Hummel, MAHLE, Cummins Filtration, Toyota Boshoku, Fram Group, etc. Global top five manufacturers hold a share about 55%. Europe is the largest market, with a share about 30%, followed by North America and China, both with a share about 20 percent. In terms of product, OEM is the largest segment, with a share about 75%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle, etc.
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Market Analysis and Insights: Global Automotive Transmission Filter Market
In 2020, the global Automotive Transmission Filter market size was US$ 1079 million and it is expected to reach US$ 1318.9 million by the end of 2027, with a CAGR of 2.9% during 2021-2027.
Global Automotive Transmission Filter Scope and Market Size
Automotive Transmission Filter market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Automotive Transmission Filter market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.
Segment by Type, the Automotive Transmission Filter market is segmented into
OEM
Aftermarkets
Segment by Application, the Automotive Transmission Filter market is segmented into
Passenger Vehicle
Commercial Vehicle
Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Competitive Landscape and Automotive Transmission Filter Market Share Analysis
Automotive Transmission Filter market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2016-2021. Details included are company description, major business, Automotive Transmission Filter product introduction, recent developments, Automotive Transmission Filter sales by region, type, application and by sales channel.
The major companies include:
Mann-Hummel
MAHLE
Cummins Filtration
Toyota Boshoku
Fram
Filtration
Donaldson
Parker Hannifin
AC Delco
Freudenberg
Hengst
Febi Bilstein
Sure Filter Technology
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Table of content
1 Study Coverage 1.1 Automotive Transmission Filter Product Introduction 1.2 Market by Type 1.2.1 Global Automotive Transmission Filter Market Size Growth Rate by Type 1.2.2 OEM 1.2.3 Aftermarkets 1.3 Market by Application 1.3.1 Global Automotive Transmission Filter Market Size Growth Rate by Application 1.3.2 Passenger Vehicle 1.3.3 Commercial Vehicle 1.4 Study Objectives 1.5 Years Considered 2 Executive Summary 2.1 Global Automotive Transmission Filter Market Size Estimates and Forecasts 2.1.1 Global Automotive Transmission Filter Revenue 2016-2027 2.1.2 Global Automotive Transmission Filter Sales 2016-2027 2.2 Automotive Transmission Filter Market Size by Region: 2021 Versus 2027 2.3 Automotive Transmission Filter Sales by Region (2016-2027) 2.3.1 Global Automotive Transmission Filter Sales by Region: 2016-2021 2.3.2 Global Automotive Transmission Filter Sales Forecast by Region (2022-2027) 2.3.3 Global Automotive Transmission Filter Sales Market Share by Region (2016-2027) 2.4 Automotive Transmission Filter Market Estimates and Projections by Region (2022-2027) 2.4.1 Global Automotive Transmission Filter Revenue by Region: 2016-2021 2.4.2 Global Automotive Transmission Filter Revenue Forecast by Region (2022-2027) 2.4.3 Global Automotive Transmission Filter Revenue Market Share by Region (2016-2027)
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Automotive Pump Market by Covid-19 Impact and Global Analysis, Manufactures AisinSeikiCo.,Ltd., ConcentricAB, ContinentalAG, DENSOCorporation
Automotive Pump Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Pump Type (Fuel Supply Pump, Fuel Injection Pump, Transmission Oil Pump, Engine Oil Pump, Steering Pump, Coolant Pump, Windshield Washer Pump, Vacuum Pump); Technology (Electric Pump, Mechanical Pump); Vehicle Type (Passenger Car, LCV, HCV) and Geography
Automotive pumps market are utilized for transferring automotive fluids in the vehicles. These pumps are mainly used for improving vehicle performance and fuel efficiency. The increase in demand for environment-friendly solutions has pushed several manufacturers to design and develop advanced pumps. The pumps are used in various vehicle systems such as coolant, steering, fuel, transmission, and lubrication.
The key factors contributing to the growth of the automotive pump market include rising implementation of environmental regulations, increasing vehicle production, and increasing vehicle electrification. Moreover, the increase in adoption of advanced automotive technologies such as automatic transmission and gasoline direct injection is also driving the growth of the market.
Some of the key players in this market include AisinSeikiCo.,Ltd., ConcentricAB, ContinentalAG, DENSOCorporation, HitachiAutomotiveSystems,Ltd., JohnsonElectric, JTEKTCorporation, MagnaInternationalInc., RobertBoschGmbH
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This is a professional and in-depth study on the current state of the Lane Keep Automotive Pump Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Lane Keep Automotive Pump Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.
The segmentation in this research study has been finalized post in-depth secondary research and extensive primary research. In addition, the market is also segmented on the basis of technology offered by the leading participants in the industry in order to understand widely used market specific terminologies. Thus, we have incorporated the segments of the research and have finalized the market segmentation.
Impact of COVID-19 Pandemic on Automotive Pump Market
The COVID-19 outbreak, which began in Wuhan (China) during December 2019, has spread at a fast pace worldwide. The global factory shutdowns, travel bans, and border lockdowns, to combat and contain the outbreak, have impacted every industry and economy worldwide. The majority of the manufacturing plants are either temporarily shut or operating with minimum staff; due to which the Automotive Pump and related components are disrupted. Additionally, the demand for frozen foods has been showcasing a slowdown since the outbreak of COVID-19 in the countries
Reasons for Buying Automotive Pump market:
This report provides a point-to-point analysis of the changing dynamics of competition.
It provides a forward-looking view of the various factors that promote or inhibit market growth.
It helps to understand key product segments and their future.
It provides point-to-point analysis of the changing dynamics of competition and keeps you ahead of the competition.
It helps you make informed business decisions by fully understanding the market and conducting in-depth analysis of market segments.
The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.
This research provides detailed information regarding the major factors influencing the growth of the Lane Keep Automotive Pump Market in Global and Regional Level (drivers, restraints, opportunities, and challenges), forecast of the market size, in terms of value, market share by region and segment; regional market positions; segment and country opportunities for growth; New product developments, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats from current competition and prospects; Key company profiles, SWOT, product portfolio and growth strategies.
Table of Content:
Chapter1. Executive Summary
Chapter2. Research Methodology
Chapter3. Market Outlook
Chapter4. Global Automotive Pump Market Overview, By Type
Chapter5. Global Automotive Pump Market Overview, By Application
Chapter6. Global Automotive Pump Market Overview, By Region
Chapter7. Company Profiles
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Lubricant Packaging Market 2022 Growth Drivers, Trends, Opportunities and Future Outlook by 2030
A report by Marker Research Future (MRFR) estimates the global Lubricant Packaging Market 2020 to rise at a 6.85% CAGR during the projection period from 2021 to 2028. At this pace, the opportunities in the worldwide lubricant packaging market are estimated to swell up with a high valuation that will be happening by the year-end 2028.
Top Impacting Factors
Manufacturers of lubricant packaging industries have been moving towards flexible packaging format in recent time, owing to affordability and convenience this packaging offer. Flexible packaging formats such as stand-up pouches and bag-in-box are gaining more attention from lubricant packaging market. Augmentin demand for small packs lubricant packaging has resulted in a paradigm shift towards flexible packaging set-up. It also marks in high product to packaging ratio, owing to its portability as compared to rigid plastic oil bottles or another rigid packaging format.
The study also emphasizes that flexible packaging products are much lighter than rigid plastic bottles, and comparatively, it consumes 60% less plastic, thereby garnering significant traction in the lubricant packaging space. With this, quite a few end-use industries counting power generation, automotive, oil & gas, and chemical employ various mechanical components such as gearboxes, pumps, turbines, and compressors and more like these. These components require frequent lubrication for smooth functioning. Thus, the growing demand for lubricants from these end-use industries is likely to boost the market for lubricant packaging over the forecast period.
In the same line, the emergent power generation sector, coupled with escalating sales of commercial as well as passenger vehicles, is, in turn, likely to propel the market growth in the coming years. Furthermore, mounting investments, mainly in the oil & gas, chemical, and power generation sector, is also on the verge of anticipating considerable market growth over the forecast period.
Segmentation of Market: Lubricant Packaging
For further analysis of the global lubricant packaging market, segmentation is conducted over the material, packaging type, lubricant, and end-user.
Depending on the material segment, the market has included metal and plastic. Under the material segment, plastic held the largest market share. As plastic is the most preferred material for lubricant packaging, it is low-priced as compared to metals.
Depending on the packaging type segment, the market has included a bottle, stand-up pouch, pail, drum, tube, cans, bag-in-box, keg, and intermediate bulk container. The drum segment leads the market by packaging type and is now expected to expand at the highest CAGR during the conjecture period. Rise in demand for lubricants from industries across the power generation segment and changing consumer preference towards efficient vehicles in the automotive are likely to augment the market growth.
Depending on the lubricant segment, the market has included transmission & hydraulic fluid, engine oil, metalworking fluid, process oil, gear oil, general industrial oil, and grease. Engine oil leads the lubricant segment and is likely to nurture at the highest CAGR during the forecast period. This is due to the rising sales for passenger cars with IC engines.
Depending on the end-user, the market has included metalworking, automotive, power generation, oil & gas, chemicals, machine industry, and others. Automotive leads the end-user segment with heavy consumption of lubricants for cars and other vehicles.
Regional Analysis
Geographically, the lubricant packaging market study is conducted over significant regions of Europe, Asia-Pacific, North America, and the rest of the world.
Asia-Pacific accounted for the largest market share back in 2020. The rapid growth in automobile sales is forceful to the growth of the market in Asia-Pacific in the current time. Moreover, the intensifying oil & gas and automobile sector is anticipated to fuel the market demand. Additionally, continuous investments in the oil & gas sector are also influencing market growth positively. Escalating demand for comfort and purchasing power of consumers will bolster the market growth.
This region is expected to develop at the highest CAGR during the forecast period in support of rapidly emergent industrialization. Countries like China, Japan, India, and Singapore are the major markets in the region. Growing demand for highly durable storage materials such as HDPE plastic is also likely to provide a lucrative opportunity to the active players for market growth.
In the rest of the world, the Middle East, one of the major oil exporters in the world, is likely to donate significantly during the forecast period owing to the existence of oil reserves in the region.
Top Market Players
The well-known players in the lubricant packaging market include Glenroy, Inc (US), Amcor Limited (Switzerland), Mold Tek Packaging (India), Graham Packaging (US), BAM Packaging (US), Scholle IPN (US), CDF (US), Berry Plastics (US), SCHÜTZ GmbH & Co., KGaA (Germany) and Greif, Inc(US).
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Global Automotive Pumps Market Growing Popularity and Emerging Trends in the Industry
The Latest Released market study on Global Automotive Pumps market provides information and useful stats on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and strategic insights to help decision makers take sound investment decisions and identify potential gaps and growth opportunities. Besides, the report also identifies and analyses changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in Automotive Pumps market. What’s keeping Aisin Seiki Co. LTD (Japan)
Denso Corporation (Japan)
Johnson Electric (Hong Kong)
Robert Bosch GmbH (Germany)
Magna International (Canada)
SHW AG (Germany)
Delphi Automotive LPP (United States)
TRW Automotive (Germany)
KSPG AG (Germany)
Aisin Seiki Co., Ltd. (Japan)
Keep Growing in the Market? Benchmark yourself with the strategic moves and latest Market Share and Sizing of Global Automotive Pumps market recently published by AMA Automotive Pumps are used for transferring automotive fluids in vehicles and its expected to mark significant growth over forecasted period owing to increasing consumers spending on fuel efficient vehicles and adoption of new technologies like gasoline direct injection which use fuel pumps has led to the growth of the automotive pumps market. Automotive Pumps used for different system such as lubrication system, coolant system, steering system and others. This result in rising numbers of vehicle production, increasing demand of fuel efficient vehicles, escalating income levels in developing countries, and growing popularity of wind shield washer pumps may trigger demand and help in industry expansion.
The Automotive Pumps Market segments and Market Data Break Down by Type (Fuel Pump, Oil Pump, Water Pump, Windshield Washer Pump, Steering Pump, Transmission Pump, Fuel Injection Pump, Vacuum Pump), Application (Passenger Cars , Commercial Vehicles ), Displacement Type (Variable Displacement, Fixed Displacement), Technology (Electric Pump, Mechanical Pumps)
On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa. What’s Trending in Market: Increased demand of environmental friendly solutions.
Collaboration and Tie Up Of Leading Players
Market Challenges: Rise In Installations Of Electric Power Steering Hampers The Global Market.
Fluctuation Of Raw Materials Is Anticipated To Challenge The Market.
Market Opportunities: Proliferation of Automatic Transmission Systems Leads to grow the Automotive Pump Market.
Rise in Government Regulations for Fuel Efficient Vehicles in Emerging Countries.
Highlights of Influencing Drivers: Increase Number of Fuel Efficient Vehicles boosts the Automotive Pumps Market.
Rapid Adoption of Advanced Automotive Technologies such as Gasoline Direct Injection and Automatic Transmission Propelled The Market.
Presented By
AMA Research & Media LLP
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The vacuum contactor is electrically controlled and with the help of a vacuum interrupter, relay and fuse is used to make or break an electrical circuit. Vacuum contractor is used for switching operations of single phase and three phase circuits and motors etc. Vacuum contactor is utilized in motor starters, switchgear, and control gear operates on medium voltage. The global vacuum contactor market can be segmented on the basis of product type, poles type, voltage and application type. On the basis of product type, it is segmented into AC Contactor, Reversing AC Contactor, Special Purpose AC Contactor, Latched Contactor and CV Contactor. On the basis of pole type, it is segmented into One Pole, Two Pole and Three Pole. On the basis of voltage type, it is segmented into low voltage, medium voltage and high voltage. On the basis of application type, it is segmented into power generation, mining, marine and oil and gas. Power generation segment is anticipated to be the fastest growing segment on the account of usage of vacuum contactor in transmission, distribution, power generation substations.
The global vacuum contractor market is anticipated to grow at a CAGR around 8.2% during 2017-2027 and will reach around 6.7 Bn by 2027. Technological advancement and high demand for power driven devices is expected to boost the global vacuum contract market.
The Asia-Pacific region holds the largest share in global vacuum contactor market. The Asia-Pacific Vacuum Contactor Market is driven by increasing number of transmission and distribution line substations especially in the South East Asian region. The other major drivers include increasing demand for power, industrialization, urbanization and rapid development in the commercial sector in countries such as China, India, Japan, and South Korea.
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Rising demand from power generation will fuel the market of vacuum contactor
The interest of vacuum contactors from power age industry is expanding as they are basically utilized in power age, transmission, and appropriation substations of intensity organizations. The Application of vacuum contactors additionally includes water pumping, blowers, transports and other power exchanging applications. The ascent in transmission and distribution network all across the world is expanding the quantity of substations. This will additionally help the market development.
Global Trends Will Further Boost the Market Growth
The prevalent use of HVAC systems in manufacturing industry is anticipated as a major trend driving the need for quality vacuum contactors. The mechanical advancements which are convincing the need to create engines, transformers and capacitors are bringing about more noteworthy use of vacuum contactors across the world. The wide growth of automotive and electric motor market has resulted in increased demand for vacuum contactors.
The report titled “Vacuum Contactor Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the Global Vacuum Contactor Market in terms of market segmentation by application type and by region.
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Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model. This report also provides the existing competitive scenario of some of the key players of the Global Vacuum Contactor Marketwhich includes company profiling of key companies such as Siemens AG, Mitsubishi Electric Corporation, ABB Group, Toshiba International Corporation, Crompton Greaves Limited, Dynapar Corporation & Superior Electric Holding Group LLC, General Electric Company, Schneider Electric SE, Rockwell Automation, Inc., and LSIS Co. Ltd. The outlining enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the Global Vacuum Contactor Marketthat is expected to help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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