Overview of the global powder injection molding (PIM) market
Market research analysts at Technavio have predicted that the global PIM market will grow steadily at a CAGR of more than 11% by 2020. This research analysis identifies the emerging market for lightweight vehicles that is spurred by the need to reduce CO₂ emissions to be one of the major factors encouraging the growth of the market in the coming years. Though the automotive industry has recorded exponential growth in the recent years, the decrease in fossil fuel levels and awareness towards reducing CO2 emissions have resulted in the shift in focus of automotive manufacturers towards lightweight vehicles that ensure greater fuel efficiency and much lesser CO₂ emissions. Lightweight structural parts not only benefit diesel and gasoline vehicles but also compensate for the increased weight of electric batteries and motors in electric and hybrid electric vehicles. The recent increase in the production of lightweight vehicles will create a high demand for aluminum injection molding for the manufacture of light-weight components.
The next four years will witness the use of ceramic injection molding techniques to create watches exclusively for high-end customers. One of the leading watch manufacturers Rado has already started using ceramic injection molding technology and is focusing on developing techniques for the use of hi-tech ceramics. The process uses high-purity zirconium oxide powder, which is mixed with a polymer binder that acts as the molding substance
Global outlook of the industrial burner market
Technavio’s market research analysts have predicted that the global industrial burner market will grow steadily at a CAGR of more than 5% by 2020. The recent years have seen an increasing number of organizations and businesses adopting and implementing smart devices in their operations as they can be easily controlled, monitored, and supervised from remote locations. This led to the development of the smart burner that combines burner technology with recent advances in wireless communications and sensor development. These burners communicate the status information to a local communications hub from where the data can either be transferred to the plant’s DCS or can be transferred to a cloud-based server that facilitates end-user access from anywhere around the world. Moreover, smart burners are equipped with wireless communication systems and provide easy installation and also result in reduced human invention and enhanced burner performance, which is the major factors driving the growth of the market in the coming years.
Increasing awareness towards the need for reducing emissions have induced companies to develop low emission oils known as renewable fuel oils (RFO). This carbon-rich liquid fuel derived from biomass offers several benefits such as steam or process heat with very low SOx emissions and reduced greenhouse gas emissions and will be used as an ideal replacement for fuel oil or natural gas. Moreover, the cost of RFO depends on the cost of biomass that is more stable than the cost of petroleum. This will offer easier budgeting and forecasting of long-term heating costs.
Overview of the global diaphragm pump market
Market research analysts at Technavio have predicted that the global diaphragm pump market will grow steadily during the predicted period and will post a CAGR of more than 5% by 2020. The availability of low-cost labor and raw material will result in the increased number of companies investing in starting manufacturing plants in India. This will lead to the growth of the manufacturing and process industry which in turn, will lead to the rise in demand for the chemical and petrochemicals industries that include methanol, ethylene, or fertilizer production plants. These production plants have a high requirement for diaphragm pumps in various applications such as for transferring fluids from one process to another. Moreover, the country allows 100% FDI in the sector, which will also aid in the growth of the industry and will increase the demand for diaphragm pumps.
The adoption of 3-D printing by pump manufacturers will be one of the major trends that will gain traction in this market in the coming years. 3-D printing technology has seen significant advances in the recent years and pump manufacturers will soon adopt and implement this technology with digital advances in modeling software. This will allow end-users to go beyond the traditional tooling and casting techniques while manufacturing pump components. Moreover, when paired with a modeling software, the 3-D technology also offers higher precision than conventional methods.
Competitive landscape and key vendors
The market is characterized by the presence of many local and international vendors and as a result appears to be highly fragmented. Local and regional vendors compete with the well-established international players with diversified
Overview of the global instrument transformer market
Market research analysts at Technavio have predicted that the global instrument transformer market will grow steadily at a CAGR of almost 8% by 2020. This market research analysis identifies the increase in installation activities with regard to new transformers and the replacement of old transformers with new ones as one of the primary growth factors for the transformer monitoring systems market. This need to expand the existing infrastructure comes as a result of the inability of the existing power stations to meet the growth in demand for electricity. Countries around the globe have also started focusing on smart grid networks that offer sustainable and secure electricity supply by integrating the actions of all users. This will increase the need for effective grid monitoring and control systems consisting of instrument transformers, transformer monitors, and sensors. Since instrument transformers offer a good condition-based maintenance program by relaying important transformer data, they help in increasing the average working life of transformers and will witness a significant increase in their demand with the installation of new transformers.
The adoption of 3D simulation and epoxy casting procedures will be one of the major trends that will gain traction in this market during the predicted period. Simulation software helps engineers in developing new products without the need to invest in significant prototyping expenses. Vendors such as ABB already uses Maxwell 3D, an electrostatic simulation software to design and develop instrument
Global outlook of the submarine power cable market
Technavio’s market research analysts have predicted that the global submarine power cable market will grow steadily at a moderate CAGR of almost 6% by 2020. The rising global demand for renewable energy generation has resulted in a considerable increase in the number of offshore wind farms. Submarine power cables play a vital role in transporting the generated power from these wind farms onshore. The increasing implementation of renewable energy sources like tidal turbine and wave energy and offshore wind energy by developed countries, such as the US, Germany, and France will augment the demand for submarine power cables. Although the requirement of high capital hinders the adoption of offshore renewable energy sources, the increase in R&D activities will lead to the development of innovative and affordable technologies, which, in turn, will induce more countries to adopt offshore renewable power generation practices.
Energy projects have the need to transfer high loads of electricity from power generation units to load centers, therefore significant losses while transmitting power over AC lines becomes inevitable. Due to their lightweight nature and dimensions, HVDC power cables are preferred over AC power cables in the recent years and have proved to be a viable option for long distance and high-voltage power transmission. The construction of renewable energy sources will lead to the rise in demand for HVDC cables, which will be one of the major factors to gain traction in the submarine power cable market.
Competitive landscape and key vendors
The market is cost-driven and appears to be mature. Submarine power cable
Overview of the global industrial lobe pump market
The global industrial lobe pump market is projected to witness tremendous growth and will post an impressive CAGR of more than 13% over the forecast period. With lobe pumps increasingly replacing cavity pumps in the main industries, especially the biofuel industry, this market is anticipated to have a positive impact in the coming years. Biofuel is one of the principal means of controlling CO2 emissions and a prime medium of reducing global dependence on fossil fuels, leading to its augmented demand. Biofuel manufacturing is complex and involves several processes including filtering, removal of water, titration, preparation of sodium methoxide, heating and mixing, and settling and separation. Lobe pumps find applications in the settling and separation process of biofuel manufacturing and need little maintenance and have lower repair costs compared to cavity pumps. Moreover, lobe pumps can be left to run dry for some time unlike cavity pumps that get damaged if they are made to run dry, even for a short period. Since lobe pumps occupy less space compared to cavity pumps, its demand among the end users will increase significantly over the next few years.
The traditional lobe pump design is undergoing revamp in all aspects, starting from the design of the lobes and material used for their construction and installation, to the type of drives used in the lobes. Upgrading the traditional design, parts, and the drive system with new technologies will change the entire perspective on the working characteristics of lobe pumps. The new lobe pumps reduce the shear