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industrynewsupdates · 19 days ago

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An In-Depth Look at the Growth of North America Iron Casting Market

The North America iron casting market size is expected to reach USD 24.89 billion by 2030, expanding at a CAGR of 5.6% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing number of projects related to sanitization, sewage, and wastewater treatment being carried out in North America is expected to fuel the growth of iron casting in the region in the coming years.

For instance, in July 2022, the governments of Canada and Nunavut announced an investment for the development of wastewater and water treatment plants in Nunavut. The Government of Canada is anticipated to invest approximately CAD 2.7 million (~USD 1.96 million) and the Government of Nunavut is providing approximately CAD 925,000 (~USD 671,082) for the development of these plants.

Based on product, the market is segmented into gray, ductile, and malleable. Ductile cast iron, also known as nodular iron or spherical graphite iron, has a composition similar to gray with graphite particles precipitated in spherical form rather than in the flake form. Unlike graphite flakes, there is no crack-like network created by the spherical graphite particles, which results in higher toughness and strength of ductile compared to gray cast iron.

Based on application, power generation is anticipated to register a growth rate of 6.4%, in terms of revenue, over the forecast period. Growing investments in renewable energy for power generation are anticipated to augment the demand for iron castings in the segment. For instance, in October 2021, the U.S. government decided to invest in expanding offshore wind energy. The wind farm is part of the government’s plan to generate 30 gigawatts of wind power by 2030.

Gather more insights about the market drivers, restrains and growth of the North America Iron Casting Market

North America Iron Casting Market Report Highlights

• Based on product, gray cast iron accounted for a volume share of over 62.0% in 2022 of the overall market. It is a commonly used material for developing products in various applications such as automotive, machinery & tools, and pipes, owing to its high compressive strength, and good damping capacity.

• Based on application, the pipes and fittings segment is expected to expand at a CAGR of 5.5%, in terms of revenue, from 2023 to 2030. Rising investments in various countries towards upgradation in infrastructure related to sanitization, sewage, and wastewater treatment are propelling segment growth.

• The railways segment is expected to register a CAGR of automotive 6.5% in terms of revenue across the forecast period. Iron castings find use in bearing adapters, rail tracks, suspensions, track connection plates, etc. Rising investments in the industry are anticipated to further augment segment growth over the coming years.

• Based on region, the U.S. is expected to register a CAGR of 4.6%, in terms of volume, over the forecast period. Increasing investment in the construction & infrastructure industry and rising demand for renewables are driving the market growth.

North America Iron Casting Market Segmentation

Grand View Research has segmented the North America iron casting market based on product, application, and region:

North America Iron Casting Product Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Gray Cast Iron

• Ductile Cast Iron

• Malleable Cast Iron

North America Iron Casting Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Automotive

• Machinery & Tools

• Pipes & Fitting

• Railways

• Power Generation

• Others

North America Iron Casting Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

Order a free sample PDF of the North America Iron Casting Market Intelligence Study, published by Grand View Research.

#North America Iron Casting Market #North America Iron Casting Market Analysis #North America Iron Casting Market Report #North America Iron Casting Market Size #North America Iron Casting Market Share

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priteshwemarketresearch · 16 days ago

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Hydronic Radiators Market Analytical Overview and Growth Opportunities by 2034

Hydronic Radiators Market Outlook 2034

The Hydronic Radiators market report is predicted to develop at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2034, when global Hydronic Radiators market forecast size is projected to reach USD 7.27 Billion in 2034, based on an average growth pattern. The global Hydronic Radiators market revenue is estimated to reach a value of USD 4.84 Billion in 2024.

Devices that use hot water as a heating source are known as hydronic radiators. Since heat is not lost during the movement of heated air, they may be more energy-efficient than forced air heaters. Additionally, consumers with allergies or respiratory conditions have come to like these radiators due to their lack of air movement and airborne particulates.

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https://wemarketresearch.com/reports/request-free-sample-pdf/hydronic-radiators-market/1618

Hydronic Radiators Market Trends

The automation of hydronic heating is expected to be a popular market trend in the coming years. The rising trend of smart homes will give rise to the need for smart heating and cooling products. For instance, in September 2022, HomeKit-compatible smart radiator thermostat named Radiator Thermostat E1. This product facilitates the automation of hydronic radiators, receiving signals from outside the unit. The product supports Zigbee 3.0 at launch, accompanied by Google Home, HomeKit, IFTTT, Amazon Alexa, and other technologies, with expected support for smart home protocols in upcoming software updates. This product is unique from its competitors as it receives temperature readings directly from a connected Aqara temperature sensor.

Due to regulatory requirements, environmental awareness, and the growing trend toward energy-efficient technologies, the industry is expected to grow significantly. Growing emphasis on indoor air quality and occupant comfort, along with the growing demand for sustainable heating solutions, have supported hydronic heating systems in emerging economies. Additionally, government funding programs and stimulus packages targeted at reviving building and retrofit projects will boost economic potential.

Hydronic Radiators Key Player

Arbonia AG

Riello Group

Hunt Heating

PURMO Group

Zehnder Group

Kermi GmbH

Ferroli S.p.A.

Runtal North America

Tesi Srl

Buderus (Bosch Group)

Svedbergs

Vallis Group

Caleffi

Radox Radiators

Others

Hydronic Radiators Market Segments

By Product Type

Panel Radiators

Column Radiators

Towel Radiators

Underfloor Heating Radiators

Baseboard Radiators

Custom Radiators

By Material Type

Steel Radiators

Aluminum Radiators

Cast Iron Radiators

Copper Radiators

Others

By Distribution Channel

Online Sales

Retail Sales

Wholesale Distribution

Direct Sales

By End-use Application

Residential

Commercial

Industrial

Key Benefits of Hydronic Radiators

Energy Efficiency: One of the primary reasons hydronic radiators are in high demand is their energy efficiency. Water retains heat longer than air, allowing the system to operate at a lower temperature while still providing ample warmth.

Cost Savings: Although the initial installation of hydronic radiators can be higher than traditional heating methods, the long-term cost savings make it a valuable investment. With energy-efficient technology, hydronic systems can significantly reduce heating bills.

Comfortable and Consistent Heating: Unlike forced-air heating systems, which can create hot and cold spots, hydronic radiators provide uniform heat across a room. This creates a more comfortable and cozy environment, especially during colder months.

Hydronic Radiators Industry: Regional Analysis

North America Market Forecast

A sizeable portion of the hydronic radiator market is accounted for by North America, especially the US and Canada. The need for more ecological and energy-efficient heating options has led to the region's constant growth. Because of its effectiveness and long-term cost reductions, hydronic heating is preferred in areas with harsh winters, such as the Northeastern United States and Canada.

Europe Market Statistics

With almost 45% of the market share, Europe is the largest market for hydronic radiators. With the highest proportion of the global market for hydronic radiators, Europe is the main region. In nations with colder temperatures, like Germany, the UK, Italy, and Scandinavia, hydronic heating systems are especially popular. Particularly in residential, commercial, and industrial buildings, hydronic radiators are the favored option due to the need for effective heating solutions in colder climates. Regulations from the European Union, such the Energy Performance of Buildings Directive (EPBD), require buildings to be energy efficient. This encourages the adoption of hydronic heating systems, which are more effective than conventional heating options.

Frequently Asked Questions

What is the market size of Hydronic Radiators Market in 2024?

What is the growth rate for the Hydronic Radiators Market?

Which are the top companies operating within the market?

Which region dominates the Hydronic Radiators Market?

Conclusion

In Conclusion, the hydronic radiators market is poised for substantial growth as consumers and businesses alike turn to energy-efficient, cost-effective, and environmentally friendly heating solutions. With a wide range of benefits, from energy savings to consistent comfort, hydronic radiators are leading the way toward a greener, more sustainable future. If you’re considering an upgrade to your heating system, hydronic radiators might be the perfect solution for your home or business.

#Hydronic Radiators Market Share #Hydronic Radiators Market Demand #Hydronic Radiators Market Scope #Hydronic Radiators Market Analysis #Hydronic Radiators Market Trend

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latestmarketresearchnews · 2 months ago

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Metalworking Fluids Market 2030 Size, Share, Business Growth, Demand and Applications

The global metalworking fluids market size was valued at USD 12.17 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030. This growth is primarily driven by the rising demand for automotive and heavy machinery across various industries, including machinery manufacturing, metal fabrication, and transportation equipment. These sectors rely on metalworking fluids for their ability to improve the machining and manufacturing process. The primary raw material used in producing MWFs is crude oil, which undergoes refining, treatment, and blending to produce key MWF types such as neat cutting oils, soluble oils, and corrosion-preventive oils. Base oil derived from crude oil represents around 40% of the overall MWF production cost and is essential for the manufacture of motor oils, lubricants, and MWFs.

The growth in the automotive industry is a significant factor boosting MWF demand, as these fluids help reduce friction between the tool and the workpiece, prevent metal chips, ensure high-quality surface finishes, and extend the lifespan of tools. These benefits contribute to more efficient machining processes, enhancing production rates. Consequently, the need for metalworking fluids is expected to remain stable, particularly in automotive applications, over the forecast period.

The manufacturing industry is a key economic sector in North America and Europe. Technological advancements in manufacturing processes for sophisticated products, alongside increased exports of construction machinery, power equipment, agricultural machinery, and automotive equipment, have contributed to the growth of the MWF market in these regions. Additionally, Asia Pacific’s demand for advanced machinery in agriculture, automotive, and construction industries supports MWF market expansion in both North America and Europe, as manufacturers in these regions continue to supply global demand.

Gather more insights about the market drivers, restrains and growth of the Metalworking Fluids Market

Application Segmentation Insights:

The neat-cutting oil segment led the MWF market, accounting for over 42% of the global revenue in 2023. Neat-cutting oils are widely used in machining processes across industries, including automotive, aerospace, marine, and construction, due to their effectiveness in cutting operations and high-volume manufacturing. Emerging economies in the Asia Pacific, where high-volume manufacturing is prevalent, have increased demand for neat-cutting oils, which offer a cost-effective solution in machining operations. The demand for neat-cutting oils is further supported by the use of high-alloy steels in heavy equipment manufacturing, which requires robust cutting fluids to optimize machining operations.

The water-cutting oil segment held the second-largest market share in 2023, driven by the increased consumption of these fluids in complex machining operations that require effective heat dissipation. Water-based cutting oils are diluted with water and applied in various procedures, such as drilling, milling, and grinding, to manage the high temperatures generated during machining. The ability of water-cutting oils to control the temperature during these processes makes them ideal for heavy equipment manufacturing.

The semi-synthetic cutting oil segment, a subset of water-cutting oils, is anticipated to grow at a significant CAGR from 2022 to 2030. Semi-synthetic oils are widely used in machining cast iron, aluminum components, and other operations like sawing, drilling, turning, and milling. The expanding applications for these oils are expected to propel the segment’s growth over the forecast period.

Corrosion-preventive fluids are another critical segment expected to grow steadily over the forecast period. These fluids are essential in machining processes where there is a risk of damaging the tools, as they help extend the lifespan of the sump, reducing overhead costs for manufacturers. Small-scale enterprises, which typically operate with lower production volumes and cost structures, increasingly rely on corrosion-preventive oils to maintain operational efficiency and protect their tools, further driving demand in this segment.

In summary, the MWF market is expected to see steady growth, fueled by the expansion of end-use industries and the increasing need for high-performance fluids that enhance machining efficiency, control temperature, and extend tool life. As manufacturing industries in North America, Europe, and Asia Pacific continue to grow, the demand for various MWF types, from neat-cutting oils to corrosion-preventive fluids, will likely rise, positioning MWFs as a key component in the global manufacturing and automotive industries.

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

#Metalworking Fluids Market Overview #Metalworking Fluids Market Size

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researchreportinsight · 2 months ago

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Metalworking Fluids Industry Overview, Competitive Landscape and Forecasts 2030

Gather more insights about the market drivers, restrains and growth of the Metalworking Fluids Market

Application Segmentation Insights:

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

#Metalworking Fluids Market Overview #Metalworking Fluids Market Size

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harshnews · 3 months ago

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Control Valves Market Size, Share, Trends, Growth and Competitive Outlook

"Global Control Valves Market – Industry Trends and Forecast to 2028

Global Control Valves Market, By Component (Valve Body, Actuators, Others), Material (Stainless Steel, Cast Iron, Alloy-Based, Cryogenic, Others), Type (Rotary Valves, Linear Valves), Operation (Hydraulic Control Valve, Pneumatic Control Valve, Electric Control Valve), Size (Less than 1”, Between 1” to 6”, Between 6” to 25”, Between 25” to 50”, More than 50”), End User (Oil and Gas, Energy and Power, Water and Wastewater Treatment, Food and Beverages, Chemicals, Pharmaceuticals, Construction, Pulp and Paper, Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Access Full 350 Pages PDF Report @

**Segments**

- Based on type, the control valves market can be segmented into pneumatic control valves, hydraulic control valves, electric control valves, and others. Pneumatic control valves are widely used for various industrial applications due to their reliability and cost-effectiveness. Hydraulic control valves offer precise control in critical processes, making them a preferred choice in industries such as oil and gas. Electric control valves are gaining popularity due to their ease of integration with digital control systems, providing advanced functionalities and automation capabilities.

- By application, the control valves market can be categorized into oil & gas, water and wastewater treatment, power generation, chemicals, food and beverage, and others. The oil & gas sector is a major end-user of control valves, utilizing them for flow and pressure control in drilling operations, refining processes, and pipeline transportation. Water and wastewater treatment plants rely on control valves for regulating the flow of water, chemicals, and sludge in treatment processes. In power generation plants, control valves play a crucial role in steam and gas flow control, contributing to efficient operations and power generation.

- Geographically, the control valves market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific holds a significant market share in the control valves industry, driven by rapid industrialization, infrastructure development, and increasing investments in sectors such as oil & gas, power generation, and chemicals. North America and Europe also have substantial market presence, fueled by advanced technologies, stringent regulations, and focus on energy efficiency and environmental sustainability.

**Market Players**

- Some of the key players in the control valves market include Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., IMI PLC, Siemens AG, Schlumberger Limited, AVK Holding A/S, Burkert Fluid Control Systems, Crane Co., and Curtiss-Wright Corporation. These companies are at the forefront of innovation, offering a wide range of control valve solutions to meet the diverse needs of industries worldwide. TheyThe control valves market is experiencing steady growth and evolution driven by technological advancements, industrial automation, and the increasing demand for efficient process control solutions across various industries. The segmentation of the market based on type highlights the different technologies and mechanisms used in control valves, catering to specific industry requirements. Pneumatic control valves, being reliable and cost-effective, find extensive use in industrial applications where precision control is not a critical factor. In contrast, hydraulic control valves offer precise control needed in critical processes within industries like oil and gas. Electric control valves are gaining traction due to their compatibility with digital control systems, enabling advanced functionalities and automation capabilities, which are increasingly valued in modern industrial settings.

Regarding applications, the market segmentation reflects the diverse industries benefiting from control valves' contributions to operational efficiency and process control. The oil & gas sector stands out as a significant end-user of control valves, leveraging them in various operations such as drilling, refining, and pipeline transportation for flow and pressure regulation. Water and wastewater treatment plants rely on control valves to regulate the flow of water, chemicals, and other substances throughout the treatment processes, thereby ensuring optimal treatment efficiency. In power generation, control valves play a crucial role in managing steam and gas flow, contributing to enhanced operational performance and power generation efficiency.

Geographically, the control valves market exhibits a global presence, with key regions such as Asia Pacific, North America, and Europe leading in market share. Asia Pacific's dominance is attributed to rapid industrialization, infrastructural development, and increasing investments in sectors like oil & gas, power generation, and chemicals. North America and Europe also hold substantial market shares, driven by technological innovation, stringent regulatory frameworks promoting energy efficiency and sustainability, and a focus on advanced manufacturing practices.

The market players in the control valves industry, such as Emerson Electric Co., Flowserve Corporation, Honeywell International Inc., and Siemens AG, among others, are pivotal in driving market growth through continuous innovation and the development of tailored control valve solutions for diverse industry needs. These companies**Segments**

- Global Control Valves Market, By Component (Valve Body, Actuators, Others), Material (Stainless Steel, Cast Iron, Alloy-Based, Cryogenic, Others), Type (Rotary Valves, Linear Valves), Operation (Hydraulic Control Valve, Pneumatic Control Valve, Electric Control Valve), Size (Less than 1"", Between 1"" to 6"", Between 6"" to 25"", Between 25"" to 50"", More than 50""), End User (Oil and Gas, Energy and Power, Water and Wastewater Treatment, Food and Beverages, Chemicals, Pharmaceuticals, Construction, Pulp and Paper, Others) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

Market analysis reveals a robust and expanding control valves market, characterized by various segments that capture the diverse applications and regional preferences of industry players. The division based on type showcases the technological diversity within the market, catering to specific industrial needs. Pneumatic control valves offer a reliable and cost-effective solution for industries

Highlights of TOC:

Chapter 1: Market overview

Chapter 2: Global Control Valves Market

Chapter 3: Regional analysis of the Global Control Valves Market industry

Chapter 4: Control Valves Market segmentation based on types and applications

Chapter 5: Revenue analysis based on types and applications

Chapter 6: Market share

Chapter 7: Competitive Landscape

Chapter 8: Drivers, Restraints, Challenges, and Opportunities

Chapter 9: Gross Margin and Price Analysis

Key takeaways from the Control Valves Market report:

Detailed considerate of Control Valves Market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.

Comprehensive valuation of all prospects and threat in the

In depth study of industry strategies for growth of the Control Valves Market-leading players.

Control Valves Market latest innovations and major procedures.

Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.

Conclusive study about the growth conspiracy of Control Valves Market for forthcoming years.

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#Control Valves Market

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nexon-market-insights · 4 months ago

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Gray Iron Castings Market Share 2024 by Emerging Trends and Forecast to 2032

"Gray Iron Castings Market Dynamics: Growth, Trends, and Future Outlook 2024-2032"

The Gray Iron Castings market is expected to experience substantial growth from 2024 to 2032, fuelled by technological advancements, the expansion of digital marketing, and an increasing emphasis on data-driven decision-making. This report provides an in-depth analysis of market dynamics, focusing on key players, product types, applications, and regional growth trends. While challenges such as economic fluctuations and regulatory changes may arise, the market presents ample opportunities for innovation and strategic partnerships.

Get a sample PDF of the report at - https://www.themarketintelligence.com/enquiry/request-sample-pdf/1661

Who are the largest manufacturers of Gray Iron Castings Market worldwide?

Hitachi Metals (Japan)

Grede Foundry (U.S.)

Draxton (Spain)

MAT Foundry (UK)

Metal Technologies (U.S.)

Neenah Foundry (U.S.)

Denizciler (Turkey)

INTAT Precision (U.S.)

Kutno (Poland)

Farinia Group (France)

Rochester Metal Products (U.S.)

Willman Industries (U.S.)

Aarrowcast (U.S.)

Weichai Power (Weifang) Casting (China)

Huaxiang Group (China)

Meide Group (China)

Tianjin New Wei San Industrial (China)

Faw Foundry (China)

The report covers a research period from 2019 to 2030, featuring extensive quantitative analysis alongside comprehensive qualitative insights. It provides an overview of the global Gray Iron Castings market, highlighting key metrics such as sales, revenue, and growth rate. Furthermore, the report offers segmented market analysis by region, product type, and downstream industry, giving readers a clear and detailed understanding of the market's distribution from multiple perspectives.

Get Sample Copy of Gray Iron Castings Market Report

Gray Iron Castings Market Dynamics Covers:

Gray Iron Castings market dynamics covers the analysis of the forces that influence the behaviours and prices in a market. These dynamics include various elements such as supply and demand fluctuations, competitor actions, market trends, and economic models, all of which contribute to the overall landscape of a given market.

Components of Market Dynamics:

Supply and Demand: The core of market dynamics lies in the relationship between supply and demand.

Market Positioning: This involves understanding where a product fits among competitors and what makes it unique.

Competitive Analysis: Analysing competitors' strengths, weaknesses, and market positions helps businesses identify opportunities and threats.

Gray Iron Castings market dynamics involves analysing various factors that influence market behaviours and prices. It helps businesses stay competitive, adapt to changes, optimize resources, and develop better products.

Inquire or Share Your Questions If Any Before the Purchasing This Report – https://www.themarketintelligence.com/checkout-page/1661

What are the factors driving the growth of the Gray Iron Castings Market?

Gray Iron Castings Market Segmented by Types:

Vertical Molding

Horizontal Molding

Gray Iron Castings Market Segmented by Applications:

Automotive

Agriculture Construction and Mining

Machinery & Equipment

Municipal

Energy

Others

Regional Segmentation:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil, Argentina, Columbia etc.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Browse Full Report at: https://www.themarketintelligence.com/market-reports/gray-iron-castings-market-1661

Key Takeaways from the Global Gray Iron Castings Market Report:

Market Size Estimates: Estimation of the Gray Iron Castings market size in terms of value and sales volume from 2018 to 2028.

Market Trends and Dynamics: Analysis of Gray Iron Castings market drivers, opportunities, challenges, and risks.

Macro-economy and Regional Conflict: Impact of global inflation and the Russia-Ukraine conflict on the Gray Iron Castings market.

Segment Market Analysis: Gray Iron Castings market value and sales volume by type and application from 2018 to 2028.

Regional Market Analysis: Current situations and prospects of the Gray Iron Castings market in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.

Country-level Studies on the Gray Iron Castings Market: Revenue and sales volume data for major countries within each region.

Gray Iron Castings Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, including sales, price, revenue, gross margin, product profile, and application.

Trade Flow: Import and export volumes of the Gray Iron Castings market in key regions.

Gray Iron Castings Industry Value Chain: Overview of raw materials and suppliers, manufacturing processes, distributors, and downstream customers in the Gray Iron Castings market.

Gray Iron Castings Industry News, Policies, and Regulations: Updates on relevant industry news, policies, and regulations.

Reasons to Purchase This Report:

Comprehensive Analysis: Gain access to extensive quantitative and qualitative analysis covering a research period from 2019 to 2030.

Market Overview: Understand the global Gray Iron Castings market through detailed metrics on sales, revenue, and growth rates.

Segmented Insights: Benefit from segmented market analysis by region, product type, and downstream industry for a nuanced understanding of market distribution.

Competitive Landscape: Stay ahead with insights into the competitive landscape, including key players and their market strategies.

Future Prospects: Make informed decisions with projections and future market prospects.

Regional Analysis: Gain insights into regional growth trends and market status.

Emerging Trends: Identify and understand emerging market trends and opportunities.

Strategic Planning: Utilize the report’s insights for strategic planning and market positioning.

#chemicals #market

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businessindustry · 6 months ago

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High Pressure Gear Pump Market Analysis Report 2024-2032 | Global News by Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “High Pressure Gear Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global High Pressure Gear Pump Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the High Pressure Gear Pump Market?

The high pressure gear pump market is expected to grow at a CAGR of 4.2% during the forecast period of 2024 to 2032.

What are High Pressure Gear Pump?

A high-pressure gear pump is a positive displacement pump engineered to efficiently transport fluids at elevated pressures. It operates by employing interlocking gears to effectively move fluid through its chamber. These pumps are renowned for their sturdy construction and capability to generate high pressures, making them ideal for applications that demand precise fluid delivery under pressure. They are widely utilized across industries like oil and gas, chemical processing, and hydraulic systems where reliable performance and durability are paramount. Available in various sizes and configurations to cater to diverse flow rates and pressure specifications, high-pressure gear pumps provide efficient and dependable solutions for fluid transfer in challenging operational settings.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/1908

What are the growth prospects and trends in the High Pressure Gear Pump industry?

The high-pressure gear pump market growth is driven by various factors and trends. The high-pressure gear pump market is witnessing growth due to its critical role in industries requiring precise fluid management under elevated pressures. Renowned for their sturdy build and capability to handle high pressures, these pumps are widely employed in sectors like oil and gas, chemical processing, and hydraulic systems. Market expansion is driven by rising industrial automation, increasing demand for efficient fluid transfer solutions, and ongoing technological advancements that enhance pump reliability and performance. North America and Europe are leading in market adoption, leveraging robust manufacturing capabilities and a commitment to innovation to meet rigorous operational demands across various industries. Hence, all these factors contribute to high-pressure gear pump market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

External Gear Pump

Internal Gear Pump

By Material:

Cast Iron

Stainless Steel

Bronze

Others

By Shaft Orientation:

Horizontal

Vertical

By End-Use Industry:

Oil & Gas

Chemicals

Food & Beverages

Pharmaceuticals

Automotive

Construction

Power Generation

Others

By Sales Channel:

Direct Sales

Distributors

By Power Rating:

Up to 50 HP

50-150 HP

Above 150 HP

Who are the key players operating in the industry?

The report covers the major market players including:

Concentric AB

KRACHT GmbH

WITTE PUMPS & TECHNOLOGY GmbH

Royal Hydraulics

Eagle Hydraulic

PSI-Polymer Systems

View Full Report: https://www.reportsandinsights.com/report/High Pressure Gear Pump-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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#High Pressure Gear Pump Market share #High Pressure Gear Pump Market size #High Pressure Gear Pump Market trends

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marketsndata · 6 months ago

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Green Cement Market Size, Share and Forecast 2030

Global Green Cement Market size was valued at USD 905.4 million in 2022 which is expected to reach USD 1532.54 million in 2030 with a CAGR of 6.8% for the forecast period between 2023 and 2030. The demand for cement is progressively growing due to frequent construction of high-rise buildings, complex infrastructures, industrial sectors, etc. The production of cement is accompanied by a huge percentage of carbon emissions which is a serious environmental concern. Green cement is gaining significant attention as its incorporation can reduce the carbon footprint by 40%. Conventional cement also raises the problem of landfills and majorly contributes to rise in pollution levels leading to environmental damage. Green cement shows more resistance to variation in temperature leading to cost optimization for both heating and cooling. Green cement is suitably manufactured from industrial waste like silica fume, fly ash ultimately limiting the usage of natural resources such as shale, clay, limestone. Unlike traditional cement, green cement is more durable and fire resistant.

Sample Report- https://www.marketsandata.com/industry-reports/green-cement-market/sample-request

Magnesium Oxychloride Cement is Augmenting the Green Cement Market

Mechanical and durable properties of concretes used for building massive infrastructure can significantly control the strength of such constructions. Magnesium oxychloride cement is one of the strongest green types of cement that possesses various advantages over conventional cement. It acquires early strength that develops higher strength and bonding making it suitable for mixing in every stage. Generally, magnesium oxychloride comprises of magnesium oxide powder and concentrated solution of magnesium chloride. It is substantially used in ship decks, railway coach flooring, industrial flooring, ammunition facilities flooring, underground bunkers, etc. Heavy cast iron wheel movement generates immense vibrations where the magnesium oxychloride cement has incredible load bearing capacity are successively incorporated to withstand such dreadful vibration.

A data published by rail passengers’ association in March 2022, states that President Joe Biden commenced the investment up to USD 100 billion under the Infrastructure and Jobs Act for building national railway network over the coming years. Rail networks across North America, Europe, Russia, China, India, and Japan contributes to around 90% of global passenger movements which significantly has huge potential for magnesium oxychloride green cement market to grow exponentially.

Rising Demand from Residential Sector is Propelling the Green Cement Market

The growing urbanization and exploding population have remarkably increased the demand for construction of residential projects. Due to frequent earthquakes and movable plates has generated concerns among residents to build strong adoptable infrastructure that could survive even in highest tremors. Green cement possesses tremendous strength compared to conventional cement and is potentially strong to withstand temperature fluctuations and disturbance in underground movements. The composition and Raw Material of green cement impart additional strength to the structure and embed the foundation to become more resistant to earthquakes and any natural calamity.

Data released by the European Steel Association (EUROFER) states that in 2022 the volume of production in the construction sector across the European Union substantially grew by 4.8%. The UAE’s construction and real estate sector is estimated to grow 3.7-4.4% during the next five years. Public Investment Fund of Saudi Arabia is progressively looking to invest around USD 4 billion in the India real estate over 3 years.

Growing Demand to Develop Sustainable Infrastructure is Accomplished using Green Cement

An indispensable requirement to replace conventional cement by green cement which is exceptionally growing in new skyscrapers projects. Green cement possesses unique characteristics to remain more resistant to changes in temperature which incorporates in various concrete making processes. World’s highest standards of sustainable building certifications organizations such as BREEAM, LEED, etc. are significantly responsible for providing regulations to sky rise buildings and large infrastructures. Advanced equipment and technology accompanied by green cement combine to give an impeccable solution by reducing carbon dioxide emission with a significant factor. Green cement extends to photocatalytic cement that potentially decomposes oxides of nitrogen in high traffic areas like densely populated buildings.

Numerous cement manufacturing companies are shifting their technology to alternative green cement that eradicates the concerns of environmental impact. In September 2022, Holcim stated that they have developed ECOPlanet green cement that incorporation assisted in building Al-Ain El-Sokhna in Egypt. They have provided around 85,000 tons of ECOPlanet cement that significantly reduced carbon dioxide emissions by 45%. The prominent project in Egypt is considered a main gateway to the Gulf Cooperation Council (GCC), East Africa and Asia covering huge area of 23km*km.

Asia-Pacific, a Dominating Market for Green Cement Capturing More Than Half of the Global Revenues

Technological advancements, the strong presence of key players, growing environmental concerns and the need to reduce carbon emissions make Asia-Pacific a dominating market for green cement, globally. Moreover, green cement is eco friendly and economical which makes it an ideal choice for construction activities in countries like India. Cement manufacturing companies in the region are tapping the market potential by expanding their manufacturing facilities to meet the increasing demand in coming years.

In May 2023, Ambuja Cement announced to expand its production capacity of green cement and double the cement production to 140 MTPA in next five years. In September 2022, its parent company Adani Group acquired Switzerland-based Holcim Group’s stake in Ambuja Cements and ACC for USD 6.5 billion.

Impact of COVID-19

The outbreak of COVID-19 has severely impacted entire humankind where people were vulnerable to infectious disease. Different sectors were economically impacted consequently leading to supply chain disruptions, shutdown of ongoing constructions due to reduced labor force, etc. Accounting to each sector real estate business was majorly troubled which slowed down the growth of construction. Consequently, the consumption of cement fell that brought huge loss to leading players. Gradually with time pandemic impact was decreasing which enforced population to shift towards sustainable surroundings. Significantly this led to huge opportunities for green cement market across the globe to build infrastructure by reducing carbon footprint.

Green Cement Chemical Market: Report Scope

Green Cement Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the Green Cement Market, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/green-cement-market

Contact

Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: [email protected] Website: https://www.marketsandata.com

#Green Cement #Green Cement Market #Chemicals and Materials #Real Estate

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themarketupdate · 6 months ago

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Metal Casting Market is set for a Potential Growth Worldwide: Excellent Technology Trends with Business Analysis

Latest added Metal Casting Market research study by Archive Market Research offers detailed outlook and elaborates market review till 2030. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are {POSCO,Dynacast,Arconic,Ryobi Limited,Endurance Technologies Limited,Alcast Technologies,UNI Abex,MES, Inc.,CALMET,Hitachi, Ltd. etc. Click for Free Sample Report + All Related Graphs & Charts https://archivemarketresearch.com/report/metal-casting-market-1498/sample-report The Metal Casting Market size was valued at USD 144.36 billion in 2023 and is projected to reach USD 210.00 billion by 2032, exhibiting a CAGR of 5.5 % during the forecasts period. The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth. The Global Metal Casting segments and Market Data Break Down are illuminated below: {"Material: Iron, Steel, Aluminum, Others","Application: Automotive & Transportation, Industrial, Building & Construction, Others"}

Have Any Questions Regarding Global Metal Casting Market Report, Ask Our Experts@ https://archivemarketresearch.com/report/metal-casting-market-1498/enquiry-before-buy This report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market. Thanks for reading this article, we can also provide customized report as per company’s specific needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia.

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https://archivemarketresearch.com/reports/metal-casting-market-1498 https://archivemarketresearch.com/reports/hospital-hvac-systems-market-1501 Contact US : Craig Francis (PR & Marketing Manager) Archive Market Research Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837 Phone: +1 201 565 3262, +44 161 818 8166 [email protected]

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industrynewsupdates · 20 days ago

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An In-Depth Look at the Growth of North America Iron Casting Market

Gather more insights about the market drivers, restrains and growth of the North America Iron Casting Market

North America Iron Casting Market Report Highlights

North America Iron Casting Market Segmentation

Grand View Research has segmented the North America iron casting market based on product, application, and region:

North America Iron Casting Product Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Gray Cast Iron

• Ductile Cast Iron

• Malleable Cast Iron

North America Iron Casting Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• Automotive

• Machinery & Tools

• Pipes & Fitting

• Railways

• Power Generation

• Others

North America Iron Casting Regional Outlook (Revenue, USD Million; Volume, Kilotons, 2018 - 2030)

• North America

o U.S.

o Canada

o Mexico

Order a free sample PDF of the North America Iron Casting Market Intelligence Study, published by Grand View Research.

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padmavarma · 6 months ago

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Low voltage AC motor market size is forecast to surpass $25 billion by 2030, after growing at a CAGR of 7% during the forecast period 2024-2030. The government's energy efficiency regulations on motor-driven systems in industrial & commercial sector are anticipated to be the main growth drivers for the worldwide low-voltage AC motors market. Apart from this the investments towards expansion of existing plants and setup of new ones across pharmaceutical, food & beverages, water & wastewater, power generation and other verticals to drive the demand for low voltage AC motors market during the forecast period 2024-2030

Report Coverage

The report “Low Voltage AC Motor Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Low Voltage AC Motor market.

By Type: Synchronous Motors, Induction Motors, Permanent Magnet Motors, Servo Motors, Others

By Power Rating: up to 1 HP, 1-5 HP, 5-10 HP, 10-20 HP, 20-50 HP, above 50 HP.

By Phase: Single Phase, Three Phase

By Housing Material: Aluminum, Cast Iron, Steel.

By Efficiency Class: IE1, IE2, IE3, IE4, IE5

By Application: Pumps, Machine Tool, Compressor, Conveyor Systems, Robotics & Automation, HVAC&R, Fans & Blowers, Main Drive Units, Others

By End User Industry: Oil & Gas, Chemical, Pharmaceutical, Mining, Food & Beverage, Water & Wastewater, Commercial, Transportation, Agriculture, Power Generation, Automotive, Industrial Machinery, Others

By Geography: North America, South America, Europe, APAC, and RoW.

👉 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://tinyurl.com/253xe6w9

#Low Voltage AC Motor Market Share #Low Voltage AC Motor Market Size #Low Voltage AC Motor Market Forecast #Low Voltage AC Motor Market Research #Low Voltage AC Motor Market Treads #Low Voltage AC Motor Market Application #Low Voltage AC Motor Market Growth #Low Voltage AC Motor Market Price

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bhavesh2022 · 7 months ago

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Europe Bi-Metal Band Saw Blades Market Region Forecast and Manufacturers in 2028

The market research study titled “Europe Bi-Metal Band Saw Blades Market Share, Trends, and Outlook | 2028,” guides organizations on market economics by identifying current Europe Bi-Metal Band Saw Blades market size, total market share, and revenue potential. This further includes projections on future market size and share in the estimated period. The company needs to comprehend its clientele and the demand it creates to focus on a smaller selection of items. Through this chapter, market size assists businesses in estimating demand in specific marketplaces and comprehending projected patterns for the future.

The Europe Bi-Metal Band Saw Blades market report also provides in-depth insights into major industry players and their strategies because we understand how important it is to remain ahead of the curve. Companies may utilize the objective insights provided by this market research to identify their strengths and limitations. Companies that can capitalize on the fresh perspective gained from competition analysis are more likely to have an edge in moving forward.

With this comprehensive research roadmap, entrepreneurs and stakeholders can make informed decisions and venture into a successful business. This research further reveals strategies to help companies grow in the Europe Bi-Metal Band Saw Blades market.

Market Analysis and Forecast

This chapter evaluates several factors that impact on business. The economics of scale described based on market size, growth rate, and CAGR are coupled with future projections of the Europe Bi-Metal Band Saw Blades market. This chapter is further essential to analyze drivers of demand and restraints ahead of market participants. Understanding Europe Bi-Metal Band Saw Blades market trends helps companies to manage their products and position themselves in the market gap.

This section offers business environment analysis based on different models. Streamlining revenues and success is crucial for businesses to remain competitive in the Europe Bi-Metal Band Saw Blades market. Companies can revise their unique selling points and map the economic, environmental, and regulatory aspects.

Report Attributes

Details

Segmental Coverage

Product Type

Carbide Tipped and High Speed Steel

Application

Steel

Aluminum

Cast Iron

Non-Ferrous Material

and Others

End Use Industry

Automotive

Aerospace and Defense

Machine Manufacturing

and Others

Regional and Country Coverage

North America (US, Canada, Mexico)

Europe (UK, Germany, France, Russia, Italy, Rest of Europe)

Asia Pacific (China, India, Japan, Australia, Rest of APAC)

South / South & Central America (Brazil, Argentina, Rest of South/South & Central America)

Middle East & Africa (South Africa, Saudi Arabia, UAE, Rest of MEA)

Market Leaders and Key Company Profiles

AMADA MACHINERY CO., LTD.

BICHAMP CUTTING TECHNOLOGY CO(HUNAN).,LTD

EBERLE

Gebr. Lennartz GmbH & Co. KG

HAKANSSON SAWS INDIA PVT. LTD.

ROBERT R?NTGEN GMBH & CO. KG

SNA Europe (BAHCO)

Starrett

WIKUS

Other key companies

Our Unique Research Methods at Business Market Insights

We offer syndicated market research solutions and consultation services that provide complete coverage of global markets. This report includes a snapshot of global and regional insights. We pay attention to business growth and partner preferences, that why we offer customization on all our reports to meet individual scope and regional requirements.

Our team of researchers utilizes exhaustive primary research and secondary methods to gather precise and reliable information. Our analysts cross-verify facts to ensure validity. We are committed to offering actionable insights based on our vast research databases.

Strategic Recommendations

Strategic planning is crucial for business success. This section offers strategic recommendations needed for businesses and investors. Forward forward-focused vision of a business is what makes it through thick and thin. Knowing business environment factors helps companies in making strategic moves at the right time in the right direction.

Summary:

Europe Bi-Metal Band Saw Blades Market Forecast and Growth by Revenue | 2028

Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities

Market Segmentation – A detailed analysis by product, types, end-user, applications, segments, and geography

Competitive Landscape – Top key players and other prominent vendors

Author’s Bio: Bhavesh Shinde Senior Market Research Expert at Business Market Insights

#Europe Bi-Metal Band Saw Blades Market

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mohankunmars · 8 months ago

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Low Voltage AC Motor Market - Forecast(2024 - 2030)

Report Coverage

The report “Low Voltage AC Motor Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Low Voltage AC Motor market.By Type: Synchronous Motors, Induction Motors, Permanent Magnet Motors, Servo Motors, OthersBy Power Rating: up to 1 HP, 1-5 HP, 5-10 HP, 10-20 HP, 20-50 HP, above 50 HP. By Phase: Single Phase, Three PhaseBy Housing Material: Aluminum, Cast Iron, Steel. By Efficiency Class: IE1, IE2, IE3, IE4, IE5By Application: Pumps, Machine Tool, Compressor, Conveyor Systems, Robotics & Automation, HVAC&R, Fans & Blowers, Main Drive Units, OthersBy End User Industry: Oil & Gas, Chemical, Pharmaceutical, Mining, Food & Beverage, Water & Wastewater, Commercial, Transportation, Agriculture, Power Generation, Automotive, Industrial Machinery, OthersBy Geography: North America, South America, Europe, APAC, and RoW.

Key Takeaways

• The adoption of higher efficiency motors such as the IE4 class of motors has been favorably embraced by Europe region, and legislation governing motor efficiency in the EU remains a driving force in the market.• By 2050, global power usage is expected to double. Around the same period, the governments are planning to reduce their country's CO2 emissions by 50% in order to mitigate climate change. Electric motors account for roughly 40% of global energy use. Industries are another major worldwide energy user, with motors in industrial plants often consuming 65 to 80% of total plant electricity. As a result, an energy-efficient IE4 motor is expected to set a trend in the market for low-voltage AC motors.• On 19 May 2023, The Board of Directors of Siemens Limited authorized a sale and transfer of Siemens Limited's AC and DC low voltage motors and geared motors businesses, including related customer service businesses ("the Business") to Siemens Large Drives India Private Limited, an entity completely owned by Siemens AG, for a consideration of Rs. 2,200 crore, effective October 1, 2023.

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By Type- Segment Analysis

Induction motors dominated the Low voltage AC motor market in 2023. Low-voltage alternating current induction motors transfer electrical energy from stator to rotor without the use of slip rings or brushes, resulting in smooth, quiet, and consistent performance owing to which there are significant less maintenance cost during the service period. Induction motors being majorly used in commercial vertical for pumps, elevators & escalators, HVAC and other applications, is set to witness an significant upsurge during the forecast period 2024-2030 with the rise in investments towards establishments of commercial buildings such shopping malls, office parks, hospitals and so on.

By Power Rating- Segment Analysis

1 to 5 HP motor segment dominated the global low-voltage AC motor market in 2023 owing to the widescale use of induction motors for pumps, main drive units, fans & blowers, compressors and so on in various industry verticals. The growing emphasis towards integration of energy efficient motors such permanent magnet motors for continuous duty operations is set to drive the market during the forecast period 2024-2030. Apart from this the increase in investments towards setting up of new plants and upgrade of the existing ones with energy efficient equipment is also set to the assist the market growth in the future.

By Construction Material- Segment Analysis

Steel dominated the Low voltage AC motor market in 2023, owing to advantages of certain grades of steel such as stainless steel towards corrosion resistance, durability, hygiene, and aesthetics. Stainless steel motors are especially suitable for applications that require frequent washdowns, such as food processing, pharmaceuticals, wastewater, and other harsh environments. For instance, ABB’s stainless steel AC brushless servo motors are built with washdown capability and may be applied in harsh, corrosive environments. These stainless-steel AC brushless servo motors achieve IP67 dust and liquid ingress protection and can withstand 1,500 psi washdown conditions.

By Efficiency Class- Segment Analysis

IE3 dominated the Low voltage AC motor market in 2023. The rising emphasis on energy efficiency, sustainability, and regulatory compliance is driving the growth of the IE3 Low Voltage AC Motor market. As enterprises strive to improve operations, minimize energy consumption, and meet global environmental targets, IE3 motors provide a compelling solution that provides both economic and environmental benefits. For instance, In 2022, ABB introduced flameproof low-voltage motors for explosive atmospheres, ABB's new low-voltage flameproof motors are designed for safe usage in potentially explosive atmospheres. The made-in-India motors are available in IE2 and IE3 efficiency classes, with frame sizes ranging from 80 to 250 mm. IE3 low voltage AC motors are frequently chosen as part of energy reduction measures by organizations participating in energy management programs or obtaining energy certifications such as ISO 50001. Many countries and areas have enacted stringent laws and standards mandating the use of more energy-efficient motors. These regulations demand that IE3 motors achieve or exceed the efficiency requirements. By Application Type- Segment Analysis The water pump segment dominated the low-voltage AC motor market in 2022. Due to various aspects that contribute to its advantages in this specific application. Water pumps are used for a variety of applications, including agricultural irrigation, industrial processes, wastewater treatment, and more. Low Voltage AC Motors provide multiple benefits that are ideally suited to the needs of water pump systems. Growing reliance on groundwater and monsoon irregularities are fueling demand for water pumps in the agriculture sector. Government efforts to improve water infrastructure, water supply, and sanitation services around the world are likely to boost the use of water pumps even further. Increased emphasis on the setting up of new wastewater treatment plants and desalination plants around the world, along with numerous government programs to improve and upgrade the existing plants are also analyzed drive the market for low-voltage AC motors during 2024-2030

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By Geography - Segment Analysis

The APAC region attributed to the largest share of the global low voltage AC motor market in 2023 and is also estimated to witness the highest growth of CAGR 8% during 2024-2030. The low-voltage AC Induction motor type market in China has positive growth opportunities, mainly supported by increasing demand for efficient and energy-saving solutions. The government’s initiatives to promote the use of new energy-efficient motors as well as the rising demand for high-power motors from the industrial sector will further drive the growth of the AC motor types market in China. The growing demand from various end-user industries, such as the automotive, oil & gas, and power generation sectors is the primary driver of this growth. Furthermore, the Government of India’s Make in India initiative, and the recent surge in renewable energy installations, are other factors contributing to the market’s growth.

Drivers – Low Voltage AC Motor Market

• Increase in demand of Electric Vehicles to drive the establishment of new manufacturing plants.The growing environmental concerns from internal combustion engine exhausts is already leading to the shift towards electric vehicles. With favourable government initiatives such as grants, subsidies, and tax benefit towards adoption of electric vehicles the demand for the same has been witnessing multi-fold growth in recent years. Owing to this shift, the auto OEMs are investing significantly towards setting up of new plants and expanding the production capacities of the existing ones to meet this surge in demand. This is set to drive the demand of low voltage AC motors used in EV manufacturing plants for various major applications such as main drive units for assembly line, robotics & automation, HVAC, and so on. In April 2023, Two major automakers, General Motors and Hyundai, have separately announced plans to build electric vehicle (EV) battery plants in the US, indicating the continued growth of EV manufacturing in the country. General Motors is partnering with Samsung SDI to invest $3 billion in an EV battery plant in the US. This joint venture is expected to commence in 2026 and will have a capacity of over 30GWh. Hyundai is forming a joint venture with SK On, a South Korean battery manufacturer, to invest $5 billion in an EV battery factory in Georgia. This plant is scheduled to start producing battery cells in the second half of 2025 and will have an annual capacity of 35GWh, sufficient to manufacture 300,000 EVs. • Strong industrial infrastructure in major nationsChina's industrial sector is rapidly growing, supported by a variety of sectors including the automobile, manufacturing, chemicals, and electronics industries. The demand for low-voltage electric motors in various industries is being fueled by industrial automation, production line adjustments, and the need for energy-efficient solutions. The conventional boundaries of automation and control functions are being broken by Industry 4.0 in the process and manufacturing industries. It allows for a broader range of functions and sectors to operate within global efforts and architectural frameworks, such as Made-in-China 2025 in China and Society 5.0 in Japan. As a result of China's rapid urbanization and ongoing construction projects, there is a significant need for low-voltage motors in industries including HVAC, building automation, elevators, and escalators. The country’s market is expanding as a result of both the growing urban population and infrastructure development.

Challenges – Low Voltage AC Motor Market

• High production costs of low-voltage AC motors will impede growthThe fluctuation of raw materials’ prices is analyzed to put a significant strain on the production of electric motors. In January 2022, the cost of neodymium, the primary rare earth element used in magnets, surged by more than 200% when compared to its value in 2019. Additionally, copper prices rose by 59%, aluminum saw a 62% increase, and steel prices climbed by 24% during the same period. Apart from this, the global energy supply system's recent reorganization, driven by the Ukraine crisis and the escalating U.S.-China trade dispute, has led to a worldwide increase in prices for raw materials and assembly components. Owing to this motor manufacturers witness decrease in profit margins due to the increase in manufacturing cost. Thereby such fluctuation in the raw materials cost are set to impeded the market growth during forecast period

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the low-voltage AC Motor market. In 2023, Major players in the Low Voltage AC Motor market are ABB, Siemens, Nidec Corporation, WEG Electric Corp, Schneider Electric, Wolong, Toshiba Corporation, Regal Rexnord Corporation, TECO Electric & Machinery Co., Ltd. and Others.

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pricing-industry-report · 8 months ago

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Stainless Steel Pricing Report, Trend, Chart, News, Demand, Historical and Forecast Data

The latest report by IMARC, titled " Stainless Steel Pricing Report 𝟐𝟎𝟐𝟒: 𝐏𝐫𝐢𝐜𝐞 𝐓𝐫𝐞𝐧𝐝, 𝐂𝐡𝐚𝐫𝐭, 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐍𝐞𝐰𝐬, 𝐃𝐞𝐦𝐚𝐧𝐝, 𝐇𝐢𝐬𝐭𝐨𝐫𝐢𝐜𝐚𝐥 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐃𝐚𝐭𝐚," delivers a comprehensive analysis of stainless steel prices on a global and regional scale, highlighting the pivotal factors contributing to price changes. This detailed examination includes spot price evaluations at key ports and an analysis of pricing structures, such as Ex Works, FOB, and CIF, across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Stainless Steel Prices December 2023:

United States: 3450 USD/MT

China: 1860 USD/MT

Germany: 3146 USD/MT

Report Offering:

Monthly Updates - Annual Subscription

Quarterly Updates - Annual Subscription

Biannually Updates - Annual Subscription

The study delves into the factors affecting stainless steel price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/stainless-steel-pricing-report/requestsample

Stainless Steel Price Trend- Q4 2023

Stainless steel (flat) refers to a category of steel known for its corrosion resistance, achieved through the addition of chromium and other alloying elements, which form a protective layer on its surface. It involves the process of melting the steel and alloying elements together, then casting the molten steel into a slab or bloom, which is subsequently hot-rolled into flat products of varying thicknesses. The stainless steel market in the fourth quarter of 2023 was characterized by a complex interplay of demand and supply dynamics across major regions, influenced by economic indicators, sector-specific demands, and geopolitical factors. In North America, the initial strong demand from the chemical and automotive sectors, driven by limited upstream material supplies, set a high price trend for stainless steel flat products. The redirection of investments to China to counteract the threat from affordable imports and the fluctuating demand influenced by winter holidays, weather conditions, and policy uncertainties, further shaped the market dynamics.

The global stainless steel market size reached US$ 155.41 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 251.80 Billion, at a projected CAGR of 5.51% during 2023-2032. In the Asia-Pacific region, the market experienced downward pressure on prices due to a combination of anti-dumping duties, shifts in demand, and raw material uncertainties. The Chinese market, in particular, saw a reduction in prices as steelmakers grappled with low iron ore stocks and sought alternatives amidst a predicted growth in steel demand. Despite an increase in nickel supply and the use of recycled materials, reduced consumption, and excess coal supply weighed heavily on the market. The impact of global oversupply, adverse weather conditions, and expanded mining operations, alongside disruptions in Indonesia and strategic moves by major companies like Tsingshan Holding Group, played significant roles in shaping the market landscape. The stabilization of prices in December, despite these challenges, underscores the volatile nature of the market and its sensitivity to global trade and macroeconomic factors.

Europe's stainless steel flat market maintained a stability, with fluctuations influenced by sectoral demand, raw material supply, and policy developments. The initial price increase in the German spot market, driven by demand from the automotive and chemical sectors, faced challenges from reduced raw material supply and concerns over future availability due to the EU Carbon Border Tax and potential export bans. As the quarter progressed, reduced demand from downstream industries and an oversupply situation led to a decline in prices. The end of the quarter saw further price reductions influenced by decreased domestic demand, increased production costs, and the impact of policy changes on sectors like electric vehicles. These factors, combined with strategic industry responses to environmental concerns, highlight the diverse influences on the stainless steel market and the intricate balance between demand, supply, and policy frameworks that define its trajectory.

Browse Full Report: https://www.imarcgroup.com/stainless-steel-pricing-report

Key Points Covered in the Stainless Steel Pricing Report:

The report delivers the following key findings, alongside a comprehensive breakdown of prices by region:

Stainless Steel Prices

Stainless Steel Price Trend

Stainless Steel Demand & Supply

Stainless Steel Market Analysis

Demand Supply Analysis by Type

Demand Supply Analysis by Application

Demand Supply Analysis of Raw Materials

Stainless Steel Price Analysis

Stainless Steel Industry Drivers, Restraints, and Opportunities

Stainless Steel News and Recent developments

Global Event Analysis

List of Key Players

Regional Price Analysis:

Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐏𝐫𝐢𝐜𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐈𝐌𝐀𝐑𝐂 𝐆𝐫𝐨𝐮𝐩:

Soybean Oil Pricing Report

Base Oil Pricing Report

Citric Acid Pricing Report

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

About Us:

IMARC is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC Group

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Email: [email protected]

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#Stainless Steel Pricing Report #Stainless Steel Price Trend #Stainless Steel Prices

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market-insider · 8 months ago

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Iron Casting: Navigating Opportunities and Challenges in the Sector

The global iron casting market size is expected to reach USD 172.66 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.1% over the forecast period. The increasing investments in the infrastructure & renewable energy industry are expected to propel the demand for the product. Iron castings are produced by pouring melted cast iron into casts or molds to make products of desired shape and size, via various methods such as sand and investment casting. Different product types available in the market include gray, ductile, and malleable, which are used according to their application requirements.

Iron Casting Market Report Highlights

Based on the product, ductile cast iron is anticipated to register the fastest CAGR of 6.4%, in terms of revenue, from 2022 to 2030. The product is preferable in various end-use industries such as automotive, water system & sanitization, and renewables as it offers higher toughness and strength than gray cast iron.

Based on application, the railway is expected to grow at a CAGR of 7.4%, in terms of revenue, across the forecast period. This growth is attributable to increasing investments by countries to develop their rail infrastructure to promote transportation of goods via rail and improve connectivity.

Based on region, North America is expected to register a CAGR of 5.5%, in terms of revenue, over the forecast period. Rising emphasis on shifting towards renewables, investment in railways, up-gradation & development of water system & sanitization, and advancement of machines & tools is expected to drive the market growth in the region.

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Based on product, gray cast iron held the largest revenue share of the global market in 2021, and this trend is expected to continue across the forecast period. It is preferred owing to the benefits it offers such as abrasive resistance, vibration damping capacity, and better castability than other types. The product is used for making machine tool bases, soil pipes, automobile engine blocks, and internal combustion engine head manifolds.

Based on region, Asia Pacific held the largest revenue share of the global market in 2021. In the region, China was the key market in 2021 but India is expected to register the fastest growth rate across the forecast period. The increasing demand for the product from various industries such as railways, renewables, machines & tools, and infrastructure is propelling competition in the region.

In February 2022, Bharat Forge announced the acquisition of JS Autocast Foundry India, a manufacturer of ductile iron castings for hydraulics, wind energy, automotive, and off highways. The acquisition is anticipated to help Bharat Forge expand its product portfolio as well as manufacturing presence.

The global market is highly competitive in nature. Key players in the industry are carrying out mergers & acquisitions for the development of their business. For instance, In November 2021, Wisconsin-based Charter Manufacturing acquired Aarrowcast Inc., a gray and ductile iron casting manufacturer. Aarrowcast Inc. has a production capacity of 42,000 tons per year. This acquisition is expected to help Charter Manufacturing to expand the manufacturing of its metal offerings and diversify its customer base.

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marketinsight1234 · 9 months ago

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Vietnam Industrial Valve Market: Forthcoming Trends and Share Analysis by 2030

The Industrial Valve is Expected to Grow at a Significant Growth Rate, and the Forecast Period is 2023-2030, Considering the Base Year as 2022.

Vietnam's expanding manufacturing and infrastructure sectors have propelled the country's industrial valve market's recent notable growth. The primary factors driving the market were Vietnam's economic development and the rising need for energy, gas, oil, and water resources.

The market was typified by the existence of both foreign and indigenous valve producers. While multinational players from China, South Korea, Japan, and the United States supplied high-quality valves to diverse industries, local businesses met domestic demand. The construction, petrochemical, power generating, water and wastewater treatment, and oil and gas sectors were the biggest end users of industrial valves.

The need for industrial valves has expanded even more as a result of the Vietnamese government's emphasis on infrastructural development, industrial development, and foreign investment. The market did, however, face certain difficulties, including competition from low-cost import valves and the requirement for ongoing technological advancement to satisfy worldwide standards. Vietnam's industrial valve market appeared to have a bright future because of the nation's ongoing industrialization and economic expansion.

Get Full PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @

Updated Version 2024 is available our Sample Report May Includes the:

Scope For 2024

Brief Introduction to the research report.

Table of Contents (Scope covered as a part of the study)

Top players in the market

Research framework (structure of the report)

Research methodology adopted by Worldwide Market Reports

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Leading players involved in the Vietnam Industrial Valve Market include:

Viglacera Corporation (Vietnam) PetroVietnam Valves (PVV) (Vietnam), Viet Valve Joint Stock Company (VVC) (Vietnam), Arita Valve Co. Ltd. (Japan), Hoang Anh Gia Lai Machinery JSC (HGL) (Vietnam), Neway Valve (Suzhou) Co. Ltd. (China), OCV Co. Ltd. (Vietnam), Valves Joint Stock Company (VVS) (Vietnam), Hemaya Co. Ltd. (Vietnam), VNECO Mechanical Engineering Import-export JSC (Vietnam), Industrial Instruments And Equipment Company Limited (VINTEC) (Vietnam), API Valve JSC (AVC) (Vietnam), BP Valve Company Limited (Vietnam), FTech Co. Ltd. (Vietnam), STC Co. Ltd. (Vietnam), HAIYAN SUNFAST TRADING CO. LTD Vietnam Branch (China), Minhtuan Production Trading And Services Co. Ltd. (MT Vietnam) (Vietnam), TBV Vina Co. Ltd. (Vietnam), UniOne Co. Ltd. (Vietnam), Vinacoma JSC (Vietnam) and other major players.

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Segmentation of Vietnam Industrial Valve Market:

By Type

Ball

Globe

Gate

Butterfly

Plug

Check

By Material

Steel

Brass

Bronze

Cast Iron

Plastic

By Size

< 1”

1”–6”

6”–25”

25”–50”

50”

By Application

Oil & Gas

Power

Energy

Chemical

Water & Waste Treatment

By Function

On/Off

Control

Isolation

Special Purpose

By Regions: -

North America (US, Canada, Mexico)

Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

South America (Brazil, Argentina, Rest of SA)

Highlights from the report:

Market Study: It includes key market segments, key manufacturers covered, product range offered in the years considered, Global Vietnam Industrial Valve Market, and research objectives. It also covers segmentation study provided in the report based on product type and application.

Market Executive Summary: This section highlights key studies, market growth rates, competitive landscape, market drivers, trends, and issues in addition to macro indicators.

Market Production by Region: The report provides data related to imports and exports, revenue, production and key players of all the studied regional markets are covered in this section.

Vietnam Industrial Valve Market Profiles of Top Key Competitors: Analysis of each profiled Roll Hardness Tester market player is detailed in this section. This segment also provides SWOT analysis of individual players, products, production, value, capacity, and other important factors.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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We are technocratic market research and consulting company that provides comprehensive and data-driven market insights. We hold the expertise in demand analysis and estimation of multidomain industries with encyclopedic competitive and landscape analysis. Also, our in-depth macro-economic analysis gives a bird's eye view of a market to our esteemed client. Our team at Pristine Intelligence focuses on result-oriented methodologies which are based on historic and present data to produce authentic foretelling about the industry. Pristine Intelligence's extensive studies help our clients to make righteous decisions that make a positive impact on their business. Our customer-oriented business model firmly follows satisfactory service through which our brand name is recognized in the market.

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