#Heat Exchanger Market Revenue | Explore Tumblr posts and blogs

thescribblingtourist · 2 years ago

Text

From Chester to Cattlewash

Meet George and Barbara Wilson – unofficial Canadian ambassadors to idyllic Barbados.

Written By Richard Perry

Nova Scotia natives George and Barbara Wilson have made 27 trips to Barbados.

Driving north on the Ermy Bourne Highway it was becoming harder to keep our eyes on the road. To our right, three thousand miles of uninterrupted Atlantic swells were breaking on the beach. To our left, the sloping green hills of eastern Barbados displayed lush vegetation and the swaying leaves of breadfruit and coconut trees.

But as we passed giant Round Rock (an Instagram favourite), we saw the smiling Barbara Wilson, waving from her lawn in front of the big green cottage she had told us to look for “just across from the rock.”

We’d arrived in Cattlewash, named years ago when farmers walked their cattle down to the beach so saltwater could provide some relief to fly bites. These days it is a tiny rural neighbourhood serving two ends of the age spectrum: retirees looking to get away from it all and hipster surfers from around the world who ride giant waves in international competitions.

“Welcome to Cattlewash. Come on in.” said George. “May I offer you a drink…rum punch perhaps?”

The Wilsons have lived in several Maritime communities during their careers, but now make their home in Chester, Nova Scotia.

George is a tall, boyishly handsome 84-year old, a former head of sales for Kraft/General Foods in Atlantic Canada. With his velvety smooth, measured voice he could pass for a diplomat, well-suited to moving in high circles.

Barbara, now 80, was a nurse and wound care specialist who trained at the Royal Victoria Hospital in Montreal. More than once she’s had to treat friends on the island for everything from heat stroke to burns from a leaking gas stove.

Like her husband, Barbara has fallen in love with the Bajan people and their lifestyle.

“On some level, we equate it to the openness and friendliness of Newfoundland, which we both love,” she said. In their sailing days, they cruised the southwest coast, visiting outports and making friends with locals who helped tie up their boat. One couple invited them to their wedding.

We’d been tipped off about the Wilsons by fellow Nova Scotian John Cavill, a retired Air Canada public relations executive and a current representative for Barbados Tourism Marketing, Inc. In a country that relies heavily on tourism dollars and foreign exchange revenue, loyal repeat vacationers like the Wilsons are routinely feted at glitzy events hosted by the Prime Minister. This year marked their 27th trip to ‘Little England.’

“At our reception, two children in their school uniforms opened our car door,” said Barbara. “They were so polite and engaging. Inside, we were met with steel pan drums and children singing Beautiful Barbados.”

Beautiful, beautiful Barbados Gem of the Caribbean Sea Come back to my island Barbados Come back to my island and me.

Please me come back where the night winds are blowing Come back to the surf and the sea You’ll find rest, you’ll find peace in Barbados Come back to my island and me.

“We shook hands with Prime Minister Stuart that night. I told him we’re from Nova Scotia, and that along with Newfoundland we’ve always had a wonderful history of trade with Barbados. I said ‘We always sent salt, fish and lumber. In return, you gave us rum and sugar. We got the better part of that deal!’”

The Prime Minister of Cattlewash

Not five minutes into our hors d’oevres and rum punch, it’s clear why this Canadian couple has no trouble filling the cottage with guests. They are gracious hosts and love to share stories. Their friendships with Bajan neighbours and other vacationers have led to some creative hijinx.

“We have had fun jokingly forming our own government at Cattlewash,” said George. “We had a prime minister who was from Montreal, a Dr. Doug Kinnear who was the doctor for the Montreal Canadiens. He and his wife Katie have been down for about ten or fifteen years, living near us. So we had our ‘government’ meetings'. Barb, as a former nurse, was going to be minister of health. I was minister or tourism or something along those lines.

“Unfortunately, Doug died just last year. So last night at our party we held our glasses up to honour Prime Minister Doug Kinnear of Cattlewash. He was a colourful character. He always had stories about the Habs.”

Dr. Doug Kinnear, the Prime Minister of Cattlewash, treats Habs captain Bob Gainey. Photo credit: Globe and Mail

I found an obituary of their friend. He led the Canadiens’ medical team from 1962 to 1999. During that time, they won an impressive 12 Stanley Cups.

All roads lead to rum

It’s said of Barbados that wherever you see a church, you’ll find at least one rum shack nearby. We checked. It’s true. There are said to be as many as 1,700 rum shacks – on an island only 21 miles long by 14 miles wide!

I was curious if our new friends were fans of the tried and true Bajan rum punch recipe of one part sour, two parts sweet, three parts strong and four parts weak. “Actually, we leave out the weak…the water or juice. Ice cubes are all you really need.”

Seated on their patio, with the ocean in full view and a noisy surf soundtrack, we got into some good stories. Like the time they showed up in the local church, the only whites in the congregation, and the pastor, Father Matthias, invited them to stand up and announce to the flock who they were and where they were from.

“We gave our names and where we’re from in Canada,” said George. “It was pretty quiet. I told them we came because of the warmth of the people, who are very special and then added that we also came for … the Bajan macaroni pie. That’s when they got excited and broke into applause.”

An inauspicious welcome

George still recalls their first day in Barbados back in the late sixties. “In all our excitement, in the darkness I rushed into the water and had no sooner stepped in when I told my friend Bill, a doctor, that I thought a shark had bitten my foot, the pain was that bad. I had stepped on sea urchins. I had 40 barbs in each foot. I spent two weeks with my feet in buckets trying to get them out.”

In Barbados, everything is close. At 432 square kilometres (166 square miles), the entire island covers roughly the same area as St. John’s, Newfoundland. One minute you’re facing the calmer waters on the west coast, where play is the order of the day. Pasty white tourists, mostly from the United Kingdom, Canada and the United States fill the beach chairs and restaurants.

The Wilsons’ front yard view, where the Ermy Bourne Highway skirts the Atlantic Ocean in eastern Barbados.

But head a few miles inland and the landscape changes dramatically. The terrain rises through sugar cane fields, past roadside neighbourhoods (with ubiquitous rum shops) past an occasional long-abandoned windmill. When you climb Cherry Tree Hill facing the wild east coast, the view is stunning – one of those stop and stare moments. It’s hard not to imagine the country’s colonial past and these very fields where slaves worked unbearable days in oppressive heat.

Soon, the twisty, bumpy roads wind down toward sea level and the untamed east coast where the Wilsons have found their Shangri-La, where it is quiet and scenic – just the way they like it.

George and Barbara point to where they like to go for walks. Cattlewash has a beautiful one mile stretch of unbroken beach – said to be among the longest in Barbados.

“We’ve stayed in Sunset Crest in Holetown, and we like to visit,” said Barbara. “and we’ve had a safari tour into places that are like jungles, so dense and gorgeous. But when we come over that hill and in view of the sea and feel the trade winds, ahhh…coming down the hill…everything falls off and it is so lovely seeing the sea.”

-30-

#Barbados #AirCanada #bajan #travel #Bathsheba #MyBarbados

3 notes · View notes

industrynewsupdates · 11 minutes ago

Text

Heat Exchangers Market: Innovations and Key Players to Watch

The global heat exchangers market was valued at approximately USD 18.19 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2030. This growth is driven by an increasing focus on efficient thermal management across a wide range of industries, including oil & gas, power generation, chemical & petrochemical, food & beverage, and HVAC & refrigeration. As industries strive for greater energy efficiency, heat exchangers are becoming integral to optimizing thermal processes, reducing energy consumption, and enhancing overall operational effectiveness.

A significant driver of growth in the market is the rising demand from the chemical industry. The chemical sector’s need for more efficient processes is leading to an increased focus on energy savings, improved heat transfer, and enhanced system efficiency, all of which are directly supported by the use of advanced heat exchangers. The petrochemical industry, in particular, often operates under conditions of high pressure and temperature, where the optimization of heat transfer is crucial to maintaining system performance and minimizing energy waste. These conditions create a strong demand for energy-efficient heat exchangers capable of handling such harsh environments while improving energy recovery and cost efficiency.

Additionally, technological advancements are playing a pivotal role in shaping the future of the heat exchangers market. For example, tube inserts have become a key innovation, improving the efficiency of heat exchangers by promoting better heat transfer. As the need for greater energy efficiency continues to grow, ongoing developments in heat exchanger design are addressing factors such as total lifecycle cost, compactness, durability, and overall energy performance. Manufacturers are constantly introducing new features that enhance energy savings, reduce environmental impact, and extend the operational lifespan of heat exchangers, which is expected to further drive the market’s growth over the coming years.

Gather more insights about the market drivers, restrains and growth of the Heat Exchanger Market

Regional Insights

Europe

Europe led the global heat exchangers market, accounting for 31.7% of the total revenue share in 2023. This dominant position is primarily driven by increasing investments in both public and private infrastructure across the region. The demand for heat exchangers is notably strong in the HVAC & refrigeration industry, which benefits from the growing infrastructure development. As Europe continues to focus on energy efficiency and sustainability, the need for heat exchangers that offer greater durability, enhanced efficiency, and reduced fouling is expected to rise. These features are critical for improving operational performance and reducing maintenance costs, further boosting market growth in the region. Additionally, industries across Europe are emphasizing eco-friendly solutions, which is likely to continue driving the adoption of high-performance heat exchangers.

North America

In North America, the U.S. and Canada are experiencing a surge in oil and gas exploration activities, which is expected to significantly drive the demand for heat exchangers, particularly in industries requiring robust thermal management solutions. The oil and gas sector is a major consumer of heat exchangers, as these systems play a vital role in managing high-pressure and high-temperature processes in refineries and extraction plants. Furthermore, increasing energy demand across various industrial and commercial sectors is expected to propel the power and energy sectors in North America. As the region continues to modernize its energy infrastructure and diversify its energy sources, the demand for efficient heat exchange technologies will continue to grow, providing further momentum for the market.

Asia Pacific

Asia Pacific is expected to experience the fastest growth in the global heat exchangers market, with a projected CAGR of 6.8% from 2024 to 2030. The region’s rapid industrialization is a key factor driving this expansion, particularly in emerging economies such as China and India. The growth of manufacturing, commercial, and industrial sectors is driving investments in various infrastructure projects, which in turn boosts the demand for heat exchangers. The region's expanding industrial base, along with increased demand for energy-efficient solutions, is expected to fuel the adoption of heat exchangers in industries such as power generation, chemical manufacturing, and HVAC systems.

China

China, as one of the largest economies in the Asia Pacific region, is expected to see significant growth in the heat exchangers market. The demand for heat exchangers in China is being driven by increasing investments in critical sectors such as chemical, petrochemical, and HVAC. With China’s large and rapidly growing population, coupled with the government’s efforts to enhance infrastructure and modernize power generation capabilities, the demand for heat exchangers in the power generation and HVAC & refrigeration industries is expected to rise substantially. The government’s focus on industrial and technological development is likely to contribute to the sustained growth of the market in China, supporting the need for advanced heat exchanger systems to improve energy efficiency, reduce operational costs, and meet environmental goals.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global laser debonding equipment market size was estimated at USD 2,108.2 million in 2023 and is projected to grow at a CAGR of 6.4% from 2024 to 2030.

• The global geosynthetics market size was valued at USD 16.52 billion in 2024 and is projected to grow at a CAGR of 8.3% from 2025 to 2030.

Key Companies & Market Share Insights

The global heat exchangers market is highly competitive and is characterized by the presence of both multinational corporations and regional players. These companies are actively engaged in the design, manufacturing, and distribution of heat exchangers, with a focus on differentiating their products through innovation and enhanced performance. To gain a competitive edge, manufacturers are adopting a variety of growth strategies, including:

• New Product Development: Companies are continually innovating their product offerings to meet the evolving demands of industries. The development of energy-efficient, compact, and durable heat exchangers is key to staying ahead in the market.

• Diversification: Manufacturers are expanding their product portfolios to cater to various end-use industries, such as HVAC, oil & gas, chemical, and power generation. Diversification allows companies to tap into new markets and expand their customer base.

• Mergers & Acquisitions (M&A): Strategic M&A activities are helping companies strengthen their market presence, improve manufacturing capabilities, and enhance their technological expertise. Acquiring smaller players with niche technologies can also enable larger companies to expand their technological capabilities.

• Geographical Expansion: Expanding into emerging markets, especially in Asia Pacific and Latin America, is a key strategy for companies looking to capture a larger share of the market. As demand for heat exchangers grows in developing regions, companies are setting up production and distribution channels in these areas to improve market penetration.

Key Heat Exchangers Companies:

• Alfa Laval

• Danfoss

• Kelvion Holding GmbH

• Güntner Group GmbH

• Xylem Inc

• API Heat Transfer

• Mersen

• Hisaka Works, Ltd.

• Chart Industries, Inc

• Johnson Controls International

• HRS Heat Exchangers

• SPX FLOW, Inc.

• Funke Wärmeaustauscher Apparantebau GmbH

• Koch Heat Transfer Company

• Southern Heat Exchanger Corporation

Order a free sample PDF of the Heat Exchanger Market Intelligence Study, published by Grand View Research.

#Heat Exchangers Market #Heat Exchangers Market Analysis #Heat Exchangers Market Report #Heat Exchangers Market Regional Insights

0 notes

marketanalysisdata · 54 minutes ago

Text

Corrosion Inhibitors Market 2027 Outlook, Regions, Size Estimation and Upcoming Trend

The global corrosion inhibitors market was valued at USD 7.4 billion in 2019 and is projected to grow at a compound annual growth rate (CAGR) of 3.8% from 2020 to 2027. This anticipated growth is primarily driven by advancements in biobased and eco-friendly corrosion inhibitors, which align with the market's shift toward sustainability. Such a shift is expected to foster increased acceptance of corrosion inhibitors among eco-conscious industries. Corrosion inhibitors work by forming a protective barrier on surfaces, preventing moisture a key factor in corrosion from reaching the underlying material.

The mechanisms through which organic corrosion inhibitors operate include interfacial activity, anodic and cathodic activity, barrier activity, and adsorption activity. In contrast, inorganic corrosion inhibitors function via mechanisms such as anodic and cathodic passivation, anion exchange, and saponification. Research and development have been crucial in advancing corrosion mitigation technologies, and innovation in this area has led to numerous product improvements, as manufacturers have heavily invested in R&D to enhance product performance.

However, in the U.S., the corrosion inhibitors market has been influenced by regulatory standards regarding product toxicity. While phosphate-based corrosion inhibitors are widely used in water systems, their application is regulated due to concerns regarding environmental and wastewater treatment impacts, as well as reactions with aluminum.

Gather more insights about the market drivers, restrains and growth of the Corrosion Inhibitors Market

Regional Insights:

Asia Pacific Corrosion Inhibitors Market Trends

In 2019, the Asia Pacific region dominated the global market with a 36.3% share and is expected to be one of the fastest-growing regions in the coming years. This growth is attributed to rapid industrialization, which has increased demand from power generation and various other industries. Developing economies in Asia, such as India and China, are also seeing rising demand in the chemical and metalworking sectors, which further supports market growth.

Europe Corrosion Inhibitors Market Trends

In Europe, the market for corrosion inhibitors is strong due to significant water consumption in industries like sugar, ethanol, and petrochemical production. Effective water treatment is essential to support corrosion control in Europe, helping to preserve the operational integrity of heat transfer systems and improve the energy efficiency of process units.

Browse through Grand View Research's Category Organic Chemicals Industry Research Reports.

The global mixed mode chromatography resin market size was estimated at USD 117.5 million in 2024 and is expected to grow at a CAGR of 12.3% from 2025 to 2030.

The global 2-ethylhexanol market was estimated at USD 6.50 billion in 2024 and is expected to grow at a CAGR of 2.8% from 2025 to 2030.

Key Companies & Market Share Insights

The market for corrosion inhibitors is highly fragmented, with a large number of companies competing to meet the high demand from end-users. Key industry players focus on customized production, leveraging advanced technologies and implementing strategic measures, such as long-term agreements and mergers, to expand their market presence and increase revenue. Many manufacturers have integrated their operations across the value chain to enhance efficiency. For example, Arkema has achieved backward integration by using renewable raw materials in its production processes, while The Lubrizol Corporation is forward integrated, using its corrosion inhibitors in the formulation of its fuel additives, such as PowerZol 9548A. Cortec Corporation produces a range of high-strength release components and coating products, utilizing its proprietary Migratory Corrosion Inhibitors (MCIs). Additionally, SUEZ supplies corrosion inhibitors for various water treatment projects, showcasing the diverse applications and market reach of these companies.

This competitive landscape is characterized by companies strategically positioning themselves through innovation, integration, and collaboration to meet the evolving needs of a growing market.

Key Corrosion Inhibitors Companies

Nouryon

Cortec Corporation

Ashland

Ecolab

Henkel Ibérica, S.A.

The Lubrizol Company

BASF SE

Dow

DuPont de Nemours, Inc.

Baker Hughes, a GE company LLC

Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.

#Corrosion Inhibitors Market Share #Corrosion Inhibitors Market Analysis

0 notes

marketstudyreport · 55 minutes ago

Text

Corrosion Inhibitors Industry Development Trends Report By 2027

Gather more insights about the market drivers, restrains and growth of the Corrosion Inhibitors Market

Regional Insights:

Asia Pacific Corrosion Inhibitors Market Trends

Europe Corrosion Inhibitors Market Trends

Browse through Grand View Research's Category Organic Chemicals Industry Research Reports.

The global mixed mode chromatography resin market size was estimated at USD 117.5 million in 2024 and is expected to grow at a CAGR of 12.3% from 2025 to 2030.

The global 2-ethylhexanol market was estimated at USD 6.50 billion in 2024 and is expected to grow at a CAGR of 2.8% from 2025 to 2030.

Key Companies & Market Share Insights

This competitive landscape is characterized by companies strategically positioning themselves through innovation, integration, and collaboration to meet the evolving needs of a growing market.

Key Corrosion Inhibitors Companies

Nouryon

Cortec Corporation

Ashland

Ecolab

Henkel Ibérica, S.A.

The Lubrizol Company

BASF SE

Dow

DuPont de Nemours, Inc.

Baker Hughes, a GE company LLC

Order a free sample PDF of the Corrosion Inhibitors Market Intelligence Study, published by Grand View Research.

#Corrosion Inhibitors Market Share #Corrosion Inhibitors Market Analysis

0 notes

latestmarketresearchnews · 7 days ago

Text

Industrial Insulation Industry Growth Prospect, Distributor Analysis & Applications Insights 2030

The global industrial insulation market reached a valuation of USD 8.21 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030. This growth is driven by increasing demand for insulation in industrial applications, as it enhances process efficiency, helps control condensation, reduces noise levels, offers freeze protection, and lowers environmental pollution. Additionally, there is rising awareness regarding the benefits of insulation in industrial applications, especially in North America, where industries are increasingly recognizing the cost-saving advantages that come with improved insulation. However, the market experienced a significant downturn in industrial investments during the COVID-19 pandemic, which impacted demand. Furthermore, the steep decline in crude oil prices reduced fiscal resources for oil-producing nations, which, in turn, affected demand for industrial insulation products within the oil and gas sector.

In the United States, the demand for industrial insulation is expected to increase, especially in applications involving machinery, boilers, pipes, storage tanks, and linings for heat exchangers, cooling towers, and ventilation and air conditioning systems. The U.S. market outlook is favorable, partly due to a peak in private industrial investments observed in 2018. With a growing GDP, the industrial sector in the U.S. is projected to expand significantly, bolstering demand for insulation products.

Gather more insights about the market drivers, restrains and growth of the Industrial Insulation Market

In the insulation market, the primary buyers are medium to large-scale companies that prioritize product quality and insulation effectiveness over price sensitivity. This has led to increased adoption of advanced, specialized insulation materials, such as aerogel and perlite, particularly in industries that require superior insulation performance. These niche, high-performance products are expected to see steady demand growth as industries increasingly seek materials that provide better thermal protection and energy efficiency.

The industrial insulation market is characterized by high entry barriers due to the presence of a substantial number of established players and the capital-intensive nature of the market. Entering and sustaining in this market requires significant time, planning, and resources. For new entrants, achieving economies of scale remains crucial, which can serve as a deterrent to those seeking to penetrate this highly competitive space.

Application Segmentation Insights:

The LPG (Liquefied Petroleum Gas) and LNG (Liquefied Natural Gas) sectors led the market, accounting for approximately 20.70% of revenue share in 2022. This demand is expected to continue over the forecast period, driven by the high risks associated with the transportation and storage of LPG and LNG products, which necessitate robust insulation solutions. Proper insulation in the pipes and transportation infrastructure of the LNG and LPG industries is critical, as it ensures safe transport and storage, which supports ongoing demand for industrial insulation products in these sectors.

In the power generation industry, there is a growing need for industrial insulation to minimize power losses, reflecting heightened global concerns around energy management. Insulation products play a vital role in the efficient operation of power generation facilities, and as such, this industry is expected to contribute significantly to the growth of the industrial insulation market in the coming years.

The petrochemical and refineries sector is expected to experience substantial growth, with a projected CAGR of 4.8% over the forecast period. The oil and gas industry operates with high-volume production of crude oil and natural gas, which leads to sustained demand for effective insulation solutions to maintain operational efficiency and safety standards.

The EIP (Energy-Intensive Processes) industries, which manufacture a diverse array of products, require insulation to conserve thermal energy efficiently. Furthermore, the manufacturing sector's growth, along with stringent regulatory standards from bodies like the European Commission, is expected to propel the demand for insulation products in the forecast period. Compliance with such regulations is essential in maintaining energy efficiency and reducing emissions, driving further investment in advanced insulation solutions across industrial applications.

Order a free sample PDF of the Industrial Insulation Market Intelligence Study, published by Grand View Research.

#Industrial Insulation Industry #Industrial Insulation Market Research #Industrial Insulation Market Forecast

0 notes

researchreportinsight · 7 days ago

Text

Industrial Insulation Market 2030 Forecast, Future Outlook, Share, Trends, Application

Gather more insights about the market drivers, restrains and growth of the Industrial Insulation Market

Application Segmentation Insights:

Order a free sample PDF of the Industrial Insulation Market Intelligence Study, published by Grand View Research.

#Industrial Insulation Industry #Industrial Insulation Market Research #Industrial Insulation Market Forecast

0 notes

communicationblogs · 27 days ago

Text

Steel Market — Forecast(2024–2030)

Steel Market — Overview

Steel Market Report Coverage

For More

The report: “Steel Industry — Forecast (2024–2030)”, by IndustryARC covers an in-depth analysis of the following segments of the Steel Market Report.

By Type: Carbon Steel, (Low Carbon Steel, Medium Carbon Steel, High Carbon Steel), Stainless Steel (Austenitic Stainless Steels, Ferritic Stainless Steels, Martensitic Stainless Steels, Precipitation Hardening Grade Stainless Steels, Duplex Stainless Steels), Alloy Steel (Chromium Molybdenum Steel, Nickel-Chromium-Molybdenum Steel, Chromium Vanadium Steel, HSLA -Nickel-Chromium-Molybdenum Steel), Tool Steel (Water-hardening tool steels, Shock-resisting tool steels, Cold-work tool steels, Hot-work steels, High-speed tool steels, Others), Others

By Form: Bar, Rod, Tube, Pipe, Plate, Sheet, Structural, Others

By Application: Transportation (Road, Bridges, Barriers, Rail, Tracks, Rail Cars), Construction (Cool Metal (infrared reflecting) Roofing, Purlins, Beams, Pipe, Recyclable steel framing (studs), Desks/Furniture), Packaging (Canes, Bottles, Others), Water Projects (Levees/Dams/Locks), Energy (Renewable, Nuclear, Bio-fuels, Fossil, Electric Grid), Others

By Industry: Construction (Steel Skeletons, Concrete Walls, Pillars, Nails, Bolts, Screws, Others), Machinery (Bulldozers, Backhoe Leaders, Pipelayers, Others), Automotive and Transportation (Exhaust, Trim/Decorative, Engine, Chassis, Fasteners, Tubing For Fuel Lines), Kitchenware and Domestic Appliances (Small Household Appliances, Black Home Appliances, White Home Appliances), Electrical and Electronics (Motor Mount Brackets, Adapter Plates, Electronic Frames and Chassis, Brackets, Others), Healthcare (Orthopaedic Implants, Artificial Heart Valves, Bone Fixation, Catheters, Others), Energy (Scrubbers, Heat Exchangers, Others)

By Region: North America, South America, Europe, Asia-Pacific and Rest of the World

Inquiry Before Buying

Key Takeaways

• The Asia-Pacific region, particularly China, has been a dominant force in the global steel market with a share of 63% in 2023, owing to China’s rapid industrialization and urbanization have driven substantial demand for steel in the construction, infrastructure, and manufacturing sectors.

• Government infrastructure spending, particularly in major economies, plays a significant role in driving steel demand. Large-scale infrastructure projects, such as bridges, railways, and urban development initiatives, can create substantial demand for steel products.

For More Details on This Report — Request for Sample

Steel Market Segment Analysis — By Type

In terms of type, the Steel Market is segmented into carbon steel, stainless steel, alloy steel, tool steel and others. In 2023, the Stainless-steel segment generated the greatest revenue of $361.94 billion and is projected to reach a revenue of $482.28 billion by 2030. Owing to the various benefits posed by stainless steel such as corrosion resistance, high and low temperature resistance, the ease of fabrication, strength, aesthetic appeal is one of the key factors for its adoption among various end-use industries, which in turn is boosting its market growth. The stainless-steel segment can be further classified as Austenitic stainless steels, Ferritic stainless steels, Martensitic stainless steels, Precipitation hardening grade stainless steel and Duplex stainless steels.

Steel Market Segment Analysis — By Form

By form, the steel market is segmented into bar, rod, tube, pipe, plate, sheet, structural and others. The bar segment accounted for the major market share in 2023, with a revenue of $554.58 billion, and is forecast to grow at a CAGR of 4.68% by 2030. The increasing demand for steel bar from various end-user industries such as building and construction, bridges, and many others, are driving the growth of the segment during the forecast period of 2024–2030.

Steel Market Segment Analysis — By Application

Steel Market is segmented by its application that includes transportation, construction, packaging, water projects, energy and others. The energy segment held the dominant market share, 31% of the whole market, in 2023, and is expected to maintain its dominance by 2030 with a CAGR of 4.69%. One of the major factors for the segment growth is the increasing awareness and focus towards renewable energy sources. Steel plays a crucial role in producing and distributing energy as well as improving energy efficiency. Renewable energy is further classified as Wind Towers and Foundation, Wind Turbines and Solar Parabolic Mirror Supports & Collectors.

Steel Market Segment Analysis — By Industry

The Steel finds its application across the industries such as construction, machinery, automotive and transportation, kitchenware and domestic appliance, electrical and electronics, healthcare, energy and others. Among them, the construction segment is the largest consumer of steel, as bearable structures can be manufactured easily at a low cost. The property of steel in its various forms and alloys makes it more flexible to cater the exclusive projects integrated with infrastructure. Moreover, the rapid industrialization and urbanization in various developing countries are fueling the segment growth in strengthening its dominant market position during the forecast period.

Buy Now

Steel Market Segment Analysis — By Geography/Country

The report comprises of the region wise study of the global market including North America, South America, Europe, Asia-Pacific and Rest of the World. Above all, Asia-Pacific region held the biggest share in 2023, up to 63% of the whole steel market owing to the rapidly expanding defense, machinery, automotive, and shipbuilding industries in the countries such as India, China, South Korea, and Japan. Foreign direct investment in energy and infrastructure is likely to provide opportunities for the market vendors. Coupled with favorable government regulations, growing infrastructure and construction activities in developing economies of the Asia-Pacific region are boosting the demand for the market.

Steel Market — Drivers

Growing Demand for Steel Across the Various Regions

Several factors have a significant impact on the overall development of the steel market. The major growth factor driving the Steel Market is the growing demand for steel across a variety of developing regions. For instance, Global crude steel production in January-November 2023 reached 1715.12 million metric tons, marking a marginal 0.5% year-on-year growth, per provisional data from the World Steel Association. November 2023 saw a production of 145.5 million metric tons, up by 3.3% from the previous year. China led the production with 952.14 million metric tons, followed by India and Japan, USA, Russia, South Korea, and Germany.

Construction and Infrastructure Development:

Construction activities, including residential, commercial, and infrastructure projects such as roads, bridges, and railways, are major drivers of steel demand. Urbanization and industrialization also contribute to the growth of the construction sector, thereby increasing the demand for steel products. For instance, as per Green Finance & Development Center, China Belt and Road Initiative (BRI) Investment Report 2023, engagement totalled about USD88.3 billion, with USD44.6 billion from investment and USD43.7 billion from construction contracts. Also, The US Department of Transportation allocates $3.2 billion in extra funding, alongside $4.3 billion from the Bipartisan Infrastructure Law for 2023. The Budget prioritizes $4.5 billion for the Capital Investment Grant program, aiming to bolster transit infrastructure for economic growth. As a result, the steel market is anticipated to thrive, propelled by heightened construction activities and the need for durable materials, reflecting a promising outlook for the industry.

Steel Market -Challenges

Environmental Regulations and Sustainability

The steel industry is facing mounting pressure to tackle environmental issues by cutting carbon emissions and enhancing sustainability efforts. Meeting stringent environmental regulations demands substantial investments in technology and infrastructure, presenting a formidable challenge for many companies. Despite the financial hurdles, embracing these changes can pave the way for a more sustainable and eco-friendly future for the industry.

Steel Market — Competitive Landscape

The companies referred in the study include Baosteel Co., Ltd., Posco Holding Inc, Nippon Steel Corporation, JFE Holdings, Tata Steel Limited, United States Steel Corporation, Anshan Iron and Steel Group Corporation, Hyundai Steel Co., Ltd., ThyssenKrupp AG, ArcelorMittal S.A., among others. Technology launches, acquisitions, and R&D activities are key strategies adopted by the key players in the Steel Market.

Steel Market — Recent Developments

November 2022, Tata Steel launched the fourth edition of MaterialNEXT, focusing on ‘Materials to Wonder.’ This open innovation event aims to gather ideas on emerging materials and their applications. The program spans five months across Idea Selection, Development, and Evaluation stages, fostering collaboration among scientists, researchers, and startups.

May 2022, Kobe Steel introduced “Kobenable Steel,” Japan’s pioneering low CO2 blast furnace steel, aiming to curtail emissions during ironmaking. Utilizing innovative CO2 Reduction Solution technology, it plans to roll out the product this fiscal year, marking a milestone in sustainable steel production.

In June 2023, Nippon Steel introduces ZEXEED™ Checkered Sheet, a new addition to its high corrosion resistant coated steel series

#marketing #digital marketing #research #reseach marketing #chemicals #steelers

0 notes

ipogmp · 2 months ago

Text

Top Upcoming IPOs to Watch in 2024: Latest Grey Market Premium Updates

As we venture into 2024, the IPO market is brimming with anticipation. For investors, this year promises a wealth of opportunities, with several high-profile companies preparing to go public. Whether you're a seasoned investor or just beginning to dip your toes into the market, staying informed about upcoming IPOs and their Grey Market Premiums (GMP) is crucial for making sound investment decisions.

In this blog, we'll explore some of the top upcoming IPOs to watch in 2024 and provide insights into their GMP trends. These metrics can offer valuable clues about investor sentiment and the potential success of these public offerings.

KRN Heat Exchanger IPO

IPO Details:

IPO Date: September 25–27, 2024

Industry: Engineering & Manufacturing

Price Band: ₹202-₹220 per share

GMP (as of last update): ₹225

Why It’s Worth Watching: KRN Heat Exchanger has gained a strong market position by offering innovative and sustainable solutions in the industrial engineering sector. The company’s consistent financial performance and recent expansion into advanced heat exchange technologies have made this IPO one to watch. With a Grey Market Premium (GMP) of ₹225, there is a strong indicator of investor confidence, suggesting a significant oversubscription is likely.

Investor Tip: As the GMP remains high, keep track of any fluctuations that could provide insight into investor sentiment before the listing date. Strong market interest could result in a profitable listing.

Manba Finance IPO

IPO Details:

Expected IPO Date: September 23–25, 2024

Industry: Financial Services

Price Band: ₹114-₹120 per share

GMP (as of last update): ₹60

Why It’s Worth Watching: Manba Finance has established itself as a leader in consumer and vehicle financing, with a growing portfolio and expanding client base. The company’s robust revenue growth in 2024 and a strong return on equity (ROE) make this IPO attractive to investors. With a current GMP of ₹60, Manba Finance is poised for moderate listing gains, appealing to both retail and institutional investors.

Investor Tip: Monitor any significant changes in the GMP and consider how this IPO fits within broader market trends in the financial sector. Given its stable growth and strong fundamentals, this IPO could offer long-term returns.

TechEra Engineering IPO

IPO Details:

Expected IPO Date: September 25–27, 2024

Industry: Aerospace & Defense Manufacturing

Price Band: ₹75-₹82 per share

GMP (as of last update): ₹10

Why It’s Worth Watching: TechEra Engineering has carved out a niche in the aerospace and defense sectors, with its cutting-edge manufacturing processes. The company has shown impressive growth, with revenue jumping from ₹26.59 crore in 2023 to ₹39.08 crore in 2024. Although the current GMP is a modest ₹10, the company’s long-term prospects and growing order book in the defense sector make it a worthwhile investment for those looking at long-term gains.

Investor Tip: TechEra’s focus on high-precision components and increasing global market share could yield substantial future growth. While the short-term gains may be limited, this IPO could offer strong potential for long-term investors.

Understanding Grey Market Premium (GMP) and Its Importance

Grey Market Premium (GMP) is an indicator of the premium at which IPO shares are being traded in the unofficial market before they are listed on the stock exchanges. A high GMP typically signals strong investor interest and the likelihood of the IPO being oversubscribed, potentially leading to higher listing gains.

How to Use GMP in Your Investment Strategy:

Gauging Demand: A rising GMP often indicates increasing demand for the IPO shares, which could translate into a successful listing.

Risk Assessment: While a high GMP can be a positive sign, it’s important to consider the overall market conditions and the company’s fundamentals before investing.

Timing Your Investment: Monitoring GMP trends can help you decide whether to invest in the IPO or wait until the shares are listed and trading begins on the exchange.

Final Thoughts

2024 is shaping up to be an exciting year for IPOs, with several companies poised to make a significant impact on the market. By keeping track of upcoming IPOs and their Grey Market Premiums, you can better navigate the investment landscape and identify opportunities for potential gains.

As always, while GMP can offer valuable insights, it should be just one of many factors considered when making investment decisions. Thorough research and a clear understanding of your financial goals will help you make the most of the opportunities that 2024 has to offer.

Stay tuned to our platform for the latest updates on upcoming IPOs and GMP trends. Whether you’re looking to capitalize on short-term gains or seeking long-term investment opportunities, staying informed is key to success in the dynamic world of IPO investing.

#ipo #ipo alert #ipo gmp #ipo gmp today #ipo news #Grey Market Premium

1 note · View note

tamanna31 · 2 months ago

Text

Heat Exchangers Market 2024: Industry Analysis and Opportunity Assessment, Forecast to 2030

Heat Exchangers Industry Overview

The global heat exchangers market size was estimated at USD 18.19 billion in 2023 and is expected to expand at a compounded annual growth rate (CAGR) of 5.4% from 2024 to 2030.

Rising focus on efficient thermal management in various industries, including oil & gas, power generation, chemical & petrochemical, food & beverage, and HVAC & refrigeration, is expected to drive the demand for heat exchangers over the forecast period. Rising demand from chemical industry coupled with increasing technological advancements and a growing focus on improving efficiency standards is expected to drive heat exchangers market growth. Most processes in petrochemical facilities involve high pressure and temperature, thus, necessitating the optimization of heat transfer and enhancement of energy savings, which, in turn, is likely to boost the demand for energy-efficient heat exchangers.

Gather more insights about the market drivers, restrains and growth of the Heat Exchangers Market

U.S. dominated the North America heat exchanger market in 2023, owing to high electricity demand, industrialization, and investments in renewable power generation. Rising investments by oil & gas companies in exploration & production activities in the U.S. are expected to boost the demand for these products in oil & gas industry.

Significant power markets such as China, U.S., India, Russia, and Japan are restructuring their operating models to adopt the structure of renewable energy and efficient utilization of energy by installing heat exchangers and shifting from traditional energy use. This is expected to drive the demand for heat exchangers.

Technological advancements such as tube inserts in heat exchangers are expected to complement the market growth. Furthermore, ongoing technological improvements to improve energy efficiency, total life cycle cost, durability, and compactness of heat exchangers are expected to drive industry growth.

Manufacturers of these products face a long list of difficult supply chain challenges, including increasing demand variability, intense global competition, more environmental compliance regulations, increasing human- and nature-based risks, and inventory proliferation. COVID-19 pandemic has created new challenges, which are compelling manufacturers to innovate their supply chains at a faster speed.

Heat Exchangers Market Segmentation

Grand View Research has segmented the global heat exchangers market report based on product, end-use, material and region:

Product Outlook (Revenue, USD Billion, 2018 - 2030)

Plate & Frame Heat Exchanger

Brazed Plate & Frame Heat Exchanger

Gasketed Plate & Frame Heat Exchanger

Welded Plate & Frame Heat Exchanger

Others

Shell & Tube Heat Exchanger

Air-Cooled Heat Exchanger

Others

End-use Outlook (Revenue, USD Billion, 2018 - 2030)

Chemical & Petrochemical

Oil & Gas

HVAC & Refrigeration

Power GenerationFood & Beverage

Pulp & Paper

Others

Material Outlook (Revenue, USD Billion, 2018 - 2030)

Metals

Alloys

Others

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

Canada

Mexico

Europe

Germany

France

Italy

Spain

Asia Pacific

China

Japan

India

South Korea

Australia

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

UAE

South Africa

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

The global wood plastic composites market size was estimated at USD 7.15 billion in 2023 and is expected to grow at a CAGR of 11.6% from 2024 to 2030.

The global industrial fasteners market size was estimated at USD 95.57 billion in 2023 and is expected to grow at a CAGR of 4.7% from 2024 to 2030.

Key Companies & Market Share Insights

Global heat exchangers industry is characterized by presence of multinational as well as regional players that are engaged in designing, manufacturing, and distributing these products. Product manufacturers strive to obtain a competitive edge over their competitors by increasing application scope of their products.

Strategies adopted by manufacturers include new product development, diversification, mergers & acquisitions, and geographical expansion. These strategies aid the companies in expanding their market penetration and catering to changing technological demand across various end-use industries.

Key Heat Exchangers Companies:

Alfa Laval

Danfoss

Kelvion Holding GmbH

Güntner Group GmbH

Xylem Inc

API Heat Transfer

Mersen

Hisaka Works, Ltd.

Chart Industries, Inc

Johnson Controls International

HRS Heat Exchangers

SPX FLOW, Inc.

Funke Wärmeaustauscher Apparantebau GmbH

Koch Heat Transfer Company

Southern Heat Exchanger Corporation

Recent Developments:

For instance, in April 2023, Kelvion launched dedicated air cooler series for natural refrigerants. The CDF & CDH ranges are dual discharge air coolers highlighting a similar proficient tube system.

In May 2023, Alfa Laval is enhancing its brazed plate heat exchanger capacity to bolster the global energy transition. The establishment of new facilities in Italy, China, Sweden, and the U.S. signifies significant progress in their initiative to advance manufacturing intelligence and efficiency throughout the entire supply chain.

In January 2021, Alfa Laval, opened a new facility for the production of brazed heat exchangers in San Bonifacio, Italy. The new facility will have more capacity to fulfill the increasing customer demand.

Order a free sample PDF of the Heat Exchanger Market Intelligence Study, published by Grand View Research.

0 notes

researchrealmblog · 2 months ago

Text

Tunnel Automation Market Will Archive Significant Growth in the Coming Years

The tunnel automation market is expected to reach huge revenue, which will advance at a significant CAGR in the coming years. Strict government regulations, the rise in the demand for improved road security and safety solutions due to an increase in traffic accidents, increase in the incorporation of tunnel automation with cutting-edge technologies like cloud storage and the IoT, a mixture of analytics in tunnel management, and increase in the count of tunnel projects globally are the main drivers of market growth.

Modern technologies including IoT, data analytics, and cloud computing are being connected with tunnel automation systems, giving clients a significant advantage over manual administration techniques. With the use of these technologies, data can be exchanged and moved among communication systems and other gadgets like thermostats, lighting, and sensors systems. Through data analysis and automation system control, the data gathered from these devices are used to increase the efficiency of the tunnels.

Moreover, globally, there is a serious problem with road safety. Consumers are consequently growing increasingly worried about road safety globally, which has led to governments investing in cutting-edge technology like tunnel automation to improve surveillance, security, lighting, air conditioning, ventilation, and other services. The tunnel automation systems market is anticipated to be driven by this.

In terms of component share, the HVAC category holds the biggest one in the tunnel automation market, which will continue to grow at the fastest rate throughout the forecast period. HVAC automated systems can give considerably easier solutions, and since ventilation inside tunnels is crucial and its human operation can be expensive, they are growing in popularity globally.

Furthermore, as tunnels have little access to natural ventilation, it is legally required to install ventilation and air conditioning systems in tunnels. As a result, HVAC components are frequently employed in tunnel ventilation and heat exchange systems.

Europe dominates the tunnel automation market, which is predicted that it would continue to do so in the near future. This is related to the region's established transportation sector, rising demand for public transit, the presence of numerous mountain ranges, and increased consumer awareness of the need to boost rail and road safety.

According to the type of tunnel, the tunnel automation market is divided into two categories: railway tunnels and highway and roadway tunnels. Moreover, the railway tunnels category, out of the two, has a larger market share. The railway transportation system's upgrading is the main factor influencing the market in this sector. The demand for railway tunnel automation systems has also increased as more railway and subway tunnels are being built.

Hence, the demand for tunnel automation systems will grow in the coming years due to the need to improve roads and tunnels.

#Tunnel Automation Market Share #Tunnel Automation Market Size #Tunnel Automation Market Growth #Tunnel Automation Market Applications #Tunnel Automation Market Trends

1 note · View note

gireportstory · 4 months ago

Text

Residential Ventilator Market Size, Global Industry Trend Analysis and Forecast 2024-2030

Global Info Research announces the release of the report “Global Residential Ventilator Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030” . The report is a detailed and comprehensive analysis presented by region and country, type and application. As the market is constantly changing, the report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided. In addition, the report provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

According to our (Global Info Research) latest study, the global Residential Ventilator market size was valued at USD million in 2023 and is forecast to a readjusted size of USD million by 2030 with a CAGR of % during review period.

Residential ventilation is the process of exchanging stale indoor with outdoor air to keep the home comfortable. Especially with the outbreak of the COVID-19, some countries pay more attention to the ventilation of the room. Some areas even require forced ventilation, such as Japan. Residential Ventilator is the equipment that provides fresh air to the home, usually with two fans and two duct systems. Fresh air supply and vents can be installed in each room. The most effective ventilation systems include a heat-recovery ventilator (HRV) or energy-recovery ventilator (ERV)-similar appliances that transfer heat (but not air) between a ventilation system's exhaust and supply air streams. In Thailand market, key players of residential ventilator include Panasonic, Carrier, Johnson Controls and Daikin Industries.

Panasonic is the largest manufacturers of residential ventilator in the Thailand, which has a share about 54%. In terms of product, bidirectional flow with heat recovery is the largest segment, with a share about 53%. And in terms of application, the largest application is multifamily, which has a share about 89 percent. The Global Info Research report includes an overview of the development of the Residential Ventilator industry chain, the market status of Single Family (One-way Flow Exhaust Air, One-way Flow Return Air), Multifamily (One-way Flow Exhaust Air, One-way Flow Return Air), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Residential Ventilator.

Regionally, the report analyzes the Residential Ventilator markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Residential Ventilator market, with robust domestic demand, supportive policies, and a strong manufacturing base. Key Features:

Global Residential Ventilator market size and forecasts, in consumption value), sales quantity, and average selling prices, 2019-2029

Global Residential Ventilator market size and forecasts by region and country, in consumption value, sales quantity, and average selling prices, 2019-2029

Global Residential Ventilator market size and forecasts, by Type and by Application, in consumption value, sales quantity, and average selling prices, 2019-2029

Global Residential Ventilator market shares of main players, shipments in revenue, sales quantity, and ASP, 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Residential Ventilator

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Residential Ventilator market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments.

The report involves analyzing the market at a macro level: Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Units), revenue generated, and market share of different by Type: One-way Flow Exhaust Air One-way Flow Return Air Bidirectional Flow without Heat Recovery Bidirectional Flow with Heat Recovery Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Residential Ventilator market. Regional Analysis: The report involves examining the Residential Ventilator market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets. Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Residential Ventilator market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends. The report also involves a more granular approach to Residential Ventilator: Company Analysis: Report covers individual Residential Ventilator manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies. Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Residential Ventilator This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application: Single Family Multifamily

Technology Analysis: Report covers specific technologies relevant to Residential Ventilator. It assesses the current state, advancements, and potential future developments in Residential Ventilator areas. Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Residential Ventilator market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players. Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

The Main Contents of the Report, includes a total of 15 chapters:

Chapter 1, to describe Optical Tweezers (Mechanobiology Equipment) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Optical Tweezers (Mechanobiology Equipment), with price, sales, revenue and global market share of Optical Tweezers (Mechanobiology Equipment) from 2019 to 2024.

Chapter 3, the Optical Tweezers (Mechanobiology Equipment) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Optical Tweezers (Mechanobiology Equipment) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Optical Tweezers (Mechanobiology Equipment) market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Optical Tweezers (Mechanobiology Equipment).

Chapter 14 and 15, to describe Optical Tweezers (Mechanobiology Equipment) sales channel, distributors, customers, research findings and conclusion.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the Residential Ventilator market covers the following areas:

Residential Ventilator market sizing

Residential Ventilator market forecast

Residential Ventilator market industry analysis

Analyze the needs of the global Residential Ventilatorbusiness market

Answer the market level of global Residential Ventilator

Statistics the annual growth of the global Residential Ventilatorproduction market

The main producers of the global Residential Ventilatorproduction market

Describe the growth factor that promotes market demand

#Residential Ventilator

0 notes

industrynewsupdates · 1 month ago

Text

Industrial Insulation Market Emerging Trends And Forecast, 2030

The global industrial insulation market size was valued at USD 8.21 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030.

Increasing product demand for boosting process efficiency, condensation control, noise reduction, freeze protection, and for reducing environmental pollution is expected to drive market growth over the forecast period. In addition, the rising awareness regarding the benefits of insulation in the industrial application and its related costs is expected to drive the market for industrial insulation in North America.

The market witnessed a severe downfall in the investments in the industrial sector owing to the pandemic, thereby impacting the market. In addition, dramatic fall in crude oil prices led to a drop in fiscal resources for oil-producing countries, which affected the product demand from oil & gas sector.

The market in the U.S. is expected to witness increased demand for insulation for industrial applications, such as, machinery, boilers, pipes, and storage tanks, and in linings of heat exchangers, cooling towers, and ventilation & air conditioning systems, among others. The demand outlook for the U.S. is favorable, with private investments in the industrial sector reaching the highest levels in 2018. The industrial sector is predicted to witness significant expansion owing to the rising GDP.

Gather more insights about the market drivers, restrains and growth of the Industrial Insulation Market

Industrial Insulation Market Highlights

• Stone wool accounted for the largest market share of 21.6% in 2022, owing to its high-temperature tolerance, flame resistance, and its ability to offer thermal and acoustic insulation

• Pipe insulation led the market and accounted for about 47.76% share of the revenue in 2022. The market is projected to witness notable demand, expanding at a CAGR 5.5% from 2023 to 2030, due to its superior performance and ability to stabilize the process temperatures.

• Power generation industry is expected to witness a heightened demand for these products, owing to its ability to minimize power losses. Growing concerns regarding the energy management among the power generation industry across the globe is expected to drive the market growth over the forecast period.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

• The global air deflector market size was estimated at USD 11.51 billion in 2023 and is projected to grow at a CAGR of 3.4% from 2024 to 2030.

• The global district heating market size was valued at USD 190.5 billion in 2023 and is anticipated to grow at a CAGR of 5.2% from 2024 to 2030.

Industrial Insulation Market Segmentation

Grand View Research has segmented the global industrial insulation market based on material, product, application and region:

Industrial Insulation Material Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• Stone Wool

• Elastomeric Foam

• Micro Silica

• Glass Wool

• Composites

• CMS Fibers

• Calcium Silicate

• Cellular Glass

• Foamed Plastic

• Perlite

• Aerogel

• Cellulose

• Others

Industrial Insulation Product Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• Pipe

• Board

• Blanket

• Others

Industrial Insulation Application Type Outlook (Volume, Kilotons; Revenue, USD Billion; 2018 - 2030)

• Power Generation

• Petrochemical & Refineries

• EIP Industries

• LNG/LPG

• Others

Industrial Insulation Regional Outlook (Volume, Kilotons; Revenue; USD Billion; 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Poland

o Spain

o Italy

o Benelux

o Nordic

o CIS

• Asia Pacific

o China

o India

o Japan

o South Korea

o Indonesia

o Malaysia

o Thailand

o Vietnam

• Central & South America

o Brazil

o Argentina

o Colombia

• Middle East & Africa

o GCC

o Turkey

Order a free sample PDF of the Industrial Insulation Market Intelligence Study, published by Grand View Research.

#Industrial Insulation Market #Industrial Insulation Market size #Industrial Insulation Market share #Industrial Insulation Market analysis #Industrial Insulation Industry

0 notes

marketanalysisdata · 20 days ago

Text

Industrial Insulation Market Drivers, Industry Survey and Business Development Analysis till 2030

The global industrial insulation market was valued at USD 8.21 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030. The market's growth is driven by the increasing demand for insulation in various industrial applications to enhance process efficiency, control condensation, reduce noise, provide freeze protection, and reduce environmental pollution. Industrial insulation plays a crucial role in maintaining optimal temperatures in machinery and equipment, which is essential for improving operational performance. The rising awareness about the numerous benefits that insulation offers, particularly in cost reduction and energy conservation, is also expected to drive market growth in regions such as North America. However, the market experienced a downturn during the COVID-19 pandemic due to reduced investments in the industrial sector. The economic slowdown and fall in crude oil prices also significantly impacted the demand for insulation in the oil & gas sector, as reduced fiscal resources in oil-producing countries led to cutbacks in infrastructure spending.

In the U.S., the market for industrial insulation is expected to grow, particularly for applications involving machinery, boilers, pipes, storage tanks, heat exchangers, cooling towers, and ventilation & air conditioning systems. The U.S. industrial sector has shown a favorable demand outlook, with private investments in the sector reaching peak levels in 2018. Economic growth, driven by the country's rising Gross Domestic Product (GDP), is expected to further expand the industrial sector and increase demand for insulation solutions.

To meet the growing demand, many manufacturers are shifting towards independent distribution channels, which allow them to better serve customers, particularly when customized products are required. This approach also helps manufacturers to increase their profit margins. Additionally, manufacturers are forming strategic relationships with distributors and end-users to provide tailored solutions, either directly or through third-party distribution networks.

Gather more insights about the market drivers, restrains and growth of the Industrial Insulation Market

Product Segmentation Insights:

The pipe insulation segment dominated the industrial insulation market, accounting for approximately 47.76% of total revenue in 2022. This segment is expected to witness continued demand growth, expanding at a CAGR of 5.5% from 2023 to 2030. Pipe insulation offers several advantages, including stabilizing process temperatures, providing protection against freeze damage and pipe breakage, and reducing exposure to extreme temperatures. Additionally, it plays a significant role in improving the energy efficiency of industrial processes and plants, which in turn helps to reduce operating expenses. Pipe insulation is also widely used for heat conservation, fireproofing, and soundproofing in various industrial applications.

The thickness of pipe insulation varies based on the material used and the specific application. Blanket insulation products, for instance, are designed for high-temperature applications, withstanding temperatures of up to 538°C. These products are commonly used in heat exchangers, storage tanks, stack installations, cooling towers, air conditioning ductwork, and large-diameter piping. Removable blankets are utilized in situations where conventional insulation installation is difficult, helping to reduce the labor costs associated with insulation installation.

In 2022, the industrial board segment accounted for 1,288.8 kilotons, with mineral wool boards being particularly popular due to their excellent thermal performance across a range of temperatures, from ambient to high. Mineral wool boards are highly sought after for mechanical, power, and process systems because of their low shrinkage at high temperatures, which prevents the formation of gaps at joints, thereby reducing thermal leaks.

Other products like spray foam and milled fiber are also widely used in industrial insulation applications. Spray foam, for example, acts as a sealant, designed to seal cracks, seams, and smaller gaps, which helps in eliminating drafts, blocking insects, and repelling moisture. Spray foam is also used to fill and insulate corner joints, exterior cracks, utility panels, pipes, and duct penetrations, making it an effective solution for sealing and insulation in industrial settings.

In summary, the industrial insulation market is expected to grow steadily due to its critical role in improving process efficiency, reducing energy consumption, and offering protection in various industrial applications. With advancements in insulation materials and increasing awareness about energy conservation, the demand for industrial insulation solutions is projected to rise significantly over the forecast period.

Order a free sample PDF of the Industrial Insulation Market Intelligence Study, published by Grand View Research.

#Industrial Insulation Industry #Industrial Insulation Market Share #Industrial Insulation Market Trends #Industrial Insulation Market Growth

0 notes

marketstudyreport · 20 days ago

Text

Industrial Insulation Market Growth Opportunities and Trends by Leading Manufacturers 2030

Gather more insights about the market drivers, restrains and growth of the Industrial Insulation Market

Product Segmentation Insights:

Order a free sample PDF of the Industrial Insulation Market Intelligence Study, published by Grand View Research.

#Industrial Insulation Industry #Industrial Insulation Market Share #Industrial Insulation Market Trends #Industrial Insulation Market Growth

0 notes