Overview of the marine deck machinery market
Technavio’s market research analysts have predicted that the global marine deck machinery market will witness steady growth and will post a moderate CAGR of close to 3% over the forecast period. With the scrapping of older ships, the market for marine deck machinery is anticipated to have a positive outlook over the coming years. During 2015, nearly 950 ships were scrapped and by 2016 end, 800-900 ships that are expected to account for 40 million tons are expected to be scrapped. The scrapping of ships is expected to help the shipbuilding industry overcome the downturn experienced during the 2008 slowdown in the Chinese economy. The scrapping of old ships is expected to increase year-over-year, which not only limits the oversupply of vessels, but also increases the demand for new vessels by 40%-50%, which will, in turn, drive the sales for marine deck machinery during the predicted period.
One of the latest trends gaining traction in the market is the increased provision of end-to-end integrated services. The augmented demand for healthy food around the world is driving the global refrigerated transport market to supply quick and efficient end-to-end services. With the increase in trading activities, especially for perishable goods, the market for refrigerated seaways transportation is expected to have a positive outlook until the end of 2021. The growth in refrigerated seaways transportation market is expected to increase the demand for ships, which directly impact the growth of the marine deck machinery market positively over the next four years.
Overview of the global gas chromatograph market
Market research analysts at Technavio predict that the global gas chromatograph market will grow steadily during the next four years and post a CAGR of more than 5% by 2021. This market research analysis identifies the growing concerns on food safety as one of the primary growth factors for this market. In addition to mandating the need to list the ingredients related to the nutritional content, several countries such as the US have introduced various regulations to ensure the safety and nutritional quality of food. To meet these requirements, food manufacturers and processors have the need to assess the product quality themselves. Gas chromatography provides a cost-effective way to identify and separate complex organic substances, in turn, ensuring the quality of food products. Additionally, gas chromatography also detects and separates toxins such as aflatoxin produced by a mold on peanuts. With the increasing incidences of contamination and the growing number of proactive consumers, there will be a significant increase in the demand for separation techniques such as gas chromatography machines in the coming years.
To streamline laboratory experiments, research facilities will start adopting sample handling equipment to replace their manual processes. The automation of sample handling processes will help research facilities to significantly reduce errors both within and between experiments and will also allow greater control and precision over the quantity of the sample.
Competitive landscape and key vendors
The market is characterized by the presence of a number of international and regional vendors. Since the international gas chromatography
Overview of the global night vision scope market
The global night vision scope market is anticipated to grow at a steady rate and will post a CAGR of close to 11% during the forecast period. The increasing amount of investments in the military sector will drive the growth prospects for the global night vision scope market until the end of 2021. Countries such as the US, Russia, and Canada have started to deploy night vision devices in weapons since the Second World War, which resulted in the increase in the budget for military expenses. Some of the countries that exhibit higher military expenses are US, China, Saudi Arabia, Russia, UK, India, France, Japan, Germany, and South Korea. Moreover, night vision scopes are increasingly used in military equipment such as guns. Furthermore, the adoption of night vision scopes is likely to increase further due to its growing demand to equip soldiers with advanced equipment, weapons, and body armor in the US.
The use of graphene for night vision devices will drive the growth prospects for the global night vision scope market for the next four years. The increasing number of research and developmental activities have helped researchers to come up with thin and powerful night vision lenses that are created by graphene. This new technology has enabled researchers to eliminate the use of the cryogenic cooling system and lower
Overview of the magnetic separation equipment market
Technavio’s market research analysts predict that the magnetic separation equipment market will witness steady growth at a CAGR of around 3% over the forecast period. The increasing application so of magnetic separation in the recycling industry is anticipated to be one of the major factors driving this market’s growth. Magnetic separators ensure a high rate of recovery of the valuable components in waste leading to their increased adoption in the recycling process. The implementation of initiatives such as the goal of zero landfills is lending a dynamic nature to the recycling industry, which will boost this market’s growth over the coming years.
According to the market research report, one of the trends gaining popularity in the market is the shifting of mining activities to emerging economies. The majority of mining companies are increasingly focusing on emerging economies in Africa, Latin America, and APAC such as China and India to carry out exploration and mining activities. Emerging economies have large mineral reserves, which acts as the primary reason for the shift of mining activities from developed countries to these destinations, which, will, in turn, propel this market’s growth prospects during the predicted period.
Competitive landscape and key vendors
The global magnetic separation equipment market is highly fragmented and competitive in nature owing to the presence of several well-established players. The vendors focus on the appropriate selection of raw materials for specific applications and limiting unnecessary manufacturing processes.
Key vendors in this market are -
- Dings Magnetic Group
- Eclipse Magnetics
- Eriez Manufacturing
Overview of the gear pump market
According to the market research analysts at Technavio, the global gear pump market will witness steady growth and will post a moderate CAGR of more than 4% over the forecast period. With the rapid proliferation of the construction industry around the world, the market for gear pumps, especially hydraulic gear pumps, is anticipated to have a positive outlook in the coming years. Extensive application of construction equipment in operations such as excavation, earthmoving, and lifting and material handling is expected to drive the market for construction equipment, which will, in turn, boost the growth of the gear pumps market over the next four years.
One of the recent trends gaining traction in the market is the gradual shift to fire-resistant hydraulic fluids in gear pumps. In an attempt to combat the deficiency of energy sources, efforts are being undertaken to switch to liquids that are both reliable and efficient. The high workload on these pumps increases ruptured lines, which significantly enhances the possibility of fire. Such instances of fire in hydraulic gear pumps have led to a rise in demand for improved quality and standards. The increasing use of fire-resistant hydraulic fluids helps in proper lubrication and helps in maintaining corrosion-free hydraulic pumps. The high water content in the fluid increases vaporization of the fluid and this steam helps in smoothening the ruptured lines, which reduces the possibility of fire, thereby leading to their augmented adoption in the coming years.
Competitive landscape and key
Overview of the global arc welding equipment market
The global arc welding equipment market is anticipated to grow at a steady rate and will post a CAGR of more than 4% during the forecast period. The increasing demand for such equipment from the water and wastewater industry will drive the growth prospects for the global arc welding equipment market until the end of 2021. One of the major factors responsible for the growing demand for arc welding equipment is the increasing number of initiatives from the private sector to own and manage water production and distribution, possess independently owned water systems, utility management, concessions, and investment strategies. Moreover, manufacturing industries such as food and beverage, pharmaceuticals, and pulp and paper witness a high demand for water, which propels the need for new water treatment plants from various developed and developing countries. This increase in the installation of water and wastewater treatment plants across the globe will fuel the demand for the arc welding equipment during the estimated period.
The advent of new materials will drive the growth prospects for the global arc welding equipment market for the next four years.The numerous benefits of using new materials, such as reduction in the weight of the overall finished products and lower product and production cost, will spur technological advancements in the
Heavy industry refers to application segments like construction and demolition, as well as products used in the manufacturing of engineering equipment. Heavy industry also includes ancillary industries that are related to these application segments.
Across the globe, heavy industry participants are experiencing an increasing demand for engineering equipment, tools, and components. As a result, they are incorporating advanced technology in their offerings and developing new equipment to optimize their positions in this highly competitive business environment.
Technavio’s heavy industry domain provides actionable insights that can be useful to stakeholders in manufacturing, construction, and government institutions.
Hyundai, Mitsubishi, Samsung, and Shandong are at the forefront of heavy industry.
Technavio’s portfolio of reports about heavy industry includes construction, test and measurement, equipment and machinery, tools and components, unit operations. The market dynamics of these segments are also examined.