Overview of the global liquid-immersed transformers market
Technavio’s market research analyst predicts the global liquid-immersed transformers market to grow steadily at a CAGR of around 5% by 2021. One of the primary drivers for this market is the rise in the capacity expansion of renewable power generation. Due to the depleting fossil fuel resources as well as associated carbon emission regulations, an increasing number of countries are gradually shifting towards renewable energies such as wind and solar to meet their carbon emission goals and reduce dependency on fossil fuels. Also, end-users are adopting alternative forms of energy instead of depending on power generators that operate on fossil fuels. Solar power, wind power, and other forms of renewable energy are becoming increasingly popular among all categories of electricity end-users. This rising demand has put emphasis on the commercialization of renewable energy worldwide, which, in turn, will create an enormous demand for power and distribution transformers. Moreover, the increasing reliability on grids and extensive T&D infrastructure development activities will propel the growth of the liquid-immersed transformers market during the forecast period.
One of the latest trends gaining traction in this market is the evolution of eco-efficient power transformers. The growing consumer demand for transformers that are negligibly hazardous to the environment and at the same time offer improved life cycle costs along with minimal maintenance requirements and enhanced service lifetime has compelled manufacturers to develop environment-friendly transformers with higher durability. For instance, Alstom (acquired by GE in 2015), has been focusing on the
Overview of the global gear hobbing machines market
The global gear hobbing machines market is anticipated to grow at a steady rate and will post a CAGR of close to 3% during the forecast period. An increase in deepwater exploration activities and ultra-deepwater exploration will drive the growth prospects for the global gear hobbing machines market in the forthcoming years. One of the major factors responsible for this growth is the increasing demand for petroleum products, which results in the exploration of new reservoirs in deep waters. For instance, in 2015 Petrobras and Oil and Natural Gas Corporation (ONGC) have found a new reservoir of light oil in deep waters off the coast of the northern state of Sergipe, Brazil.
The increasing trend of 3D printing for gears will drive the growth prospects for the global gear hobbing machines market until the end of 2021. Some of the major factors responsible for this growing trend includes reduction of capital costs, raw material costs, and costs to reclaim scrap.
Competitive landscape and key vendors
The global gear hobbing machines market is highly fragmented and competitive due to the presence of a large number of regional and international vendors across the globe. Vendors are increasingly focusing on the development and introduction of innovative products to widen their customer base.
Key vendors in this market are -
- Mitsubishi Heavy Industries
- Aeromech Technologies
Other prominent vendors in the market include LMT Tools, Bourn & Koch, Samputensili, Monnier + Zahner, Strojimport, Chongqing Machine Tool, Zaozhuang Yi
Overview of the global vacuum generator market for industrial robots
The global vacuum generator market for industrial robots is anticipated to grow at a steady rate and will post a CAGR of more than 8% during the forecast period. The growing use of robots in machine tools sector will drive the growth prospects for the global vacuum generator market in the forthcoming years. Some of the major factors responsible for the increasing preference for using robots in manufacturing units is the growing demand for superior quality products due to globalization and the recent population boom. Also, robots are being used in various areas such as technology, hardware, software, services, and the communication protocol used for automation. In addition, a large number of mid and small-scale industries are increasingly using numerical control (NC) and computerized numerical control (CNC) machines over conventional and manually controlled machines in developed and developing countries that use programmed commands and computers to enhance the productivity. Moreover, the use of NC and CNC machines reduces the time and human effort, improves productivity and profit margins, and shows a positive impact on resource regulation and loss control, and also enhances the quality of the end-product. Furthermore, adopting process automation enables the manufacturing companies to increases its competitive edge and reduce costs through the displacement of staff.
The increasing demand for commercial aircraft
Overview of the global thermal treatment air filtration market
Technavio’s market research analyst predicts the global thermal treatment air filtration market to grow steadily at a CAGR of above 5% by 2021. One of the major drivers responsible for this market’s growth is the expanding water and wastewater treatment industry. Rapid urbanization and growing population are exercising pressure on existing freshwater resources globally. Due to this high-quality potable water is getting increasingly scarce for commercial, industrial, and domestic users. Many developed economies have well-developed water treatment infrastructure, but due to the lack of proper distribution facilities, the water becomes contaminated in transit. Various European countries that already have technologically advanced industrial water treatment infrastructure are now focusing on municipal water treatment infrastructure. For instance, Germany and the UK are planning to invest heavily in developing municipal water treatment infrastructure by 2019. These surging investments in the water and wastewater treatment industry will result in the demand for thermal treatment air filtration systems in the coming years.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. The growth of manufacturing, chemical and petrochemical, and automotive industries in countries like China, Korea, Taiwan, Malaysia, and Thailand are the major driving factors for the rising adoption of thermal treatment air filtration in this region. Moreover, the capability of thermal air treatment filtration system to handle toxic metals and
Overview of the global meat and poultry processing equipment market
Technavio’s market research analyst predicts the global meat and poultry processing equipment market to grow steadily at a CAGR of above 6% by 2021. One of the primary drivers for this market is the exponentially increasing reach of through organized retailing. Processed meat products are primarily sold by large organized retailers, signifying the heavy reliance of the manufacturer on large organized retailers. Also, organized retailers provide a large variety of products under the same roof, which enables consumers to save time and look for several alternative options. Furthermore, consumers shopping patterns have indicated a rise in the purchase of products from supermarkets and hypermarkets, which is increasing the importance of organized retailers for manufacturers. This attributes a direct correlation between the organized retailers and the manufacturers in the meat and poultry processing equipment market.
One of the latest trends gaining traction in this market is the rise in private-label processed meat products. Private-label processed meat and poultry products are gaining popularity among consumers as they are affordable and ready-to-cook. Private-label meat products are being stocked in retail stores and are available at lower prices compared with branded products. Also, private-label meat products provide unique flavouring to attract customer’s attention. These advantages have propelled the demand for private-labeled meat products, especially in developed economies such as the US and Europe.
Competitive landscape and key vendors
The global meat
Overview of the laser cutting machine market in the US
The laser cutting machine market in the US is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The recent rise in the preference for automation will drive the growth prospects for the laser cutting machine market in the US in the forthcoming years. For instance, by 2021, investments in the process automation market in the US is expected to touch USD 30 billion. Additionally, some of the other factors responsible for the high demand for automation techniques is the increasing globalization and population. In addition, the growth in sectors such as the technology, software, hardware, services, and the communication protocol used in automation will further drive the market’s growth. Moreover, automated equipment and robotics eliminate the possibility of human error by providing consistency among the manufactured final products. Furthermore, according to the industry research report, automation improves profit margins and aids in problem-solving as it can respond to critical issues in a better way.
The development of compact and low-power terahertz lasers will drive the growth prospects for the laser cutting machine market in the US until the end of 2021. According to the market research analyst, the Sandia National Laboratories and the MIT have been focusing on the designing and development of a technology that consumes low power, has a compact design, and an operating frequency in the terahertz range. This new type of laser technology will be used 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.