Sewage Pump Market Regional Outlook, Competitive Strategies and Forecasts to 2027

According to a new market report published by Transparency Market Research on the sewage pump market for the forecast period of 2019–2027, the global sewage pump market is expected to reach ~US$ 16.9 Bn by 2027, expanding at a CAGR of ~7% from 2019 to 2027. In terms of volume, the global sewage pump market is expected to reach ~29 million units by 2027, at a CAGR of ~6% during the forecast period of 2019-2027. Asia Pacific held a prominent share of the sewage pump market in 2018.

Globally, the construction industry is expanding in Asia Pacific, Europe, North America, and GCC. Residential construction is increasing with the rise in population. Rise in residential construction is increasing the number of wastewater treatment plants, which is increasing sewage pump sales. As per the World Bank, global manufacturing value added (MVA) has increased from US$ 12.3 trillion in 2016 to US$ 13.2 trillion in 2017, with a Y-O-Y growth of 7.3%.

The construction industry in North America grew from ~US$ 1.1 Bn in 2016 to ~US$ 1.3 Bn in 2019, at a CAGR of 3.5%. Rise in residential construction is increasing the number of treatment plants that is driving the demand for sewage pumps. In the U.S., although the volume of wastewater has decreased, the nature of wastewater of the 21st century has less liquid, and more solids and disposables. Hence, good quality sewage pumps are required for sewage transportation.

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In Europe, the construction industry is in a decline. It was valued at US$ 2.5 Bn in 2016, reached US$ 5 Bn in 2017, and decreased to US$ 3.6 Bn in 2018, at a CAGR (2016-18) of 18.8%. EUROCONSTRUCT forecasts the construction industry to decline in Europe from US$ 2.2 Bn in 2019 to US$ 1.6 Bn in 2021, at a CAGR (2019-21) of -14.2%. However, as per FIEC (European Construction Industry Federation) in the Big Five Countries, the number of building permits in residential construction has increased from 878,562 in 2014 to 1,103,431 in 2018, at a CAGR of 5.9%. This is increasing wastewater treatment plants in Europe and also increasing pump sales.

In Germany, the construction market was valued at US$ 368.9 Bn in 2016 and reached US$ 451.0 Bn in 2018, expanding at a CAGR of 10.6%. In 2019, the industry is forecast to reach US$ 476.0 Bn, with a Y-O-Y growth of 5.5%.

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Industrial Robotics Market Technological Innovations and Future Opportunities 2027

Industrial robots have a vital role to play in automation of industries, as several key operations are taken care of by industrial robots in several industries. Economic development in various countries offers promising growth opportunities to the global industrial robotics market. Rapid expansion of e-Commerce activities coupled with phenomenal growth of automotive and electronics industries is an added impetus to the global industrial robotics market.

Some of the renowned market players analyzed in the report on the global industrial robotics market are Yaskawa Motoman Robotics, Kawasaki Heavy Industries, Denso Corporation, Toshiba Machine Co., Ltd., Fanuc Robotics, and KUKA Robotics. The global industrial robotics market is projected to reach US$ 297 Bn by 2027. The market is likely to grow at a CAGR of ~9% from 2019 to 2027.

Growing Demand for Collaborative Robot to Drive Industrial Robotics Market

Collaborative robots are built to work alongside human beings through interaction in a shared workspace. Collaborative robots have the ability to automate the work easily and hence, are used in variety of applications such as packaging, pick and place, screw driving, assembly, lab testing, and quality inspection.

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Furthermore, collaborative robots help companies to enhance the production output with high levels of work safety, as these robots can perform repetitive work at a faster pace. Demand for collaborative robots is continuously on the rise in different industry verticals including retail, healthcare, automotive manufacturing, and several others, owing to their numerous benefits and associated applications. Several manufacturers operate in the industrial robotics domain such as Universal Robots, KUKA AG, and Franka Emika GmbH, who offer a wide variety of collaborative robots for various industries.

Extensive Deployment of Industrial Robots in Manufacturing Units Drives Market in North America

Based on region, the global industrial robotics market has been segmented into Latin America, Middle East & Africa, Asia Pacific, Europe, and North America. Regional segmentations are likely to facilitate better understanding of market dynamics at play in each of the regions during the forecast period.

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Safes and Vaults Market Are Taking the Industry by Storm: Here's Why

• Safes and vaults are security products developed to facilitate the safety of valuable assets during high-risk situations. These products have technologically secure space for protection of ammunition, monetary assets, documents, files, and records. Increase in robbery and burglary incidents boosts the demand for technologically developed security products.
• Economic development in emerging countries has increased income of the people, which, in turn, improves their standard of living. This is expected to boost the demand for safes and vaults across the globe.

Economic Development Drives Global Financial and Banking Sector

• Increase in disposable income and improved standard of living across many emerging economies has resulted in expansion of financial and banking sector.
• Increase in income encourages investment in valuable assets. This is anticipated to drive the safes and vaults market. Additionally, construction of smart homes with advanced security installation is expected to upsurge the global safes and vaults market during the forecast period.

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Increase in Crime Rate and Concern about Safety of Valuable Assets

• Increase in security concern about safety of valuable assets, owing to a boost in incidents of robbery, theft, burglary, and intrusion is expected to drive the market.
• Furthermore, rise in number of natural disasters such as flood is encouraging the demand for safes and vaults.
• Moreover, increase in demand from pharmaceutical industry for safeguarding of drugs due to incidents of drug misuse is a driving factor for the market.

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Cast Iron Cookware Market - Global Outlook on Key Growth Trends, Factors

The vendor landscape of the global cast iron cookware market is primarily characterized by a high level of fragmentation owing to the presence of several multinationals as well as a large number of unorganized domestic players in key regional markets.

Increasing competition among key players is the main challenge for cast iron cookware manufacturers, which is likely to lead to a decrease in profit margins. As competition intensifies in this sector, with price wars raging among leading players, industry players are expected to put increased focus on improving the efficiency of their value chain, from inbound logistics to distribution, and to a large extent, the marketing and export of products.

Additionally, companies are also trying to introduce a range of differentiated products and packaging for a high margin business segment, in order to cater to the evolving needs of customers, along with enhancing their customer base. Some of the leading companies in the market are Tramontina USA, Inc., The Coleman Company, Inc., Lodge Manufacturing Company, FINEX Cast Iron Cookware Co., Staub USA, Inc., and Le Creuset of America.

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According to the report, the global cast iron cookware market is likely to expand at a CAGR of 3.4% from 2017 to 2025, rising from a valuation of nearly US$2,537.0 mn in 2017 to nearly US$3,303.0 mn by 2025. Of the key end-use consumer segments of cast iron cookware, the segment of food services accounted for the dominant 67.6% share of the overall market. Geographically, the market in Asia Pacific is likely to dominate the overall market in terms of demand through 2025, followed by the markets in Europe and North America.

Rising Consumer Awareness about Health Issues Associated with Non-stick and Aluminum Cookware to Work Well for Cast Iron Cookware Industry

The increasing one-person households across the globe is a substantial global demographic change having extensive consequences, and is having deep implications on a number of businesses ranging from housing to healthcare. This trend is also expected to lead to a surge in the global demand for cast iron cookware in the near future.

Over the last few years, consumer behavior has drastically changed and consumers are more inclined towards researching about products online and purchasing various types of cookware such as such as electric, non-stick, and cast iron cookware through e-Commerce websites. As such, the increased awareness regarding the health issues associated with coatings on non-stick cookware and aluminum products and the flourishing market for online retailing are boosting the cast iron cookware market.

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Hearing Protection Equipment Market Outlook By Revenue & Regional Analysis Forecast To 2026

Companies functioning in the global hearing protection equipment market are anticipated to find new market opportunities in emerging countries in the near future, identifies Transparency Market Research (TMR). Bullard, Uvex Safety Group, Honeywell International Inc., 3M Co, Msa Safety Inc, Kimberly-Clark, Grainger, Inc, Avon Rubber Plc., E I Du Pont De Nemours and Co., and Ansell Limited are among the leading companies profiled in TMR’s report. A majority these market players are actively focusing on development of more efficient products in order to increase their customer base.

As per the latest report published by Transparency Market Research (TMR), the global market for hearing protection equipment is set to exhibit a CAGR of 4.6% from 2017 to 2026 and surpass a valuation of US$ 5,000 Mn. Growing concerns overs worker safety is expected to influence the global market for hearing protection equipment during the assessment period.

At the same time, increasing efforts to standardise working conditions in emerging countries is anticipated to further drive the demand for hearing protection equipment in the forthcoming years. Regulatory bodies in these countries are enforcing new laws that ensure a better safety standards in manufacturing sites in the country. Moreover, rising awareness of workplace safety among workers along with introduction of advance hearing safety gears and devices is have a positive impact on the market.

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Hearing protection equipment find widespread application in various industries including oil & gas, construction and manufacturing among others. Also, rapid growth of industries in countries such as Brazil, China and India is creating market opportunities for various typed if safety gears, including hearing protection equipment.

Further, local authorities in developing countries are introducing new policies that are directed towards improving the working conditions in manufacturing facilities in the country. Workers in third-world countries face a greater risk of damaging their sensory organs at work owing to poor of safety standards. Nonetheless, governments in many of the third-world countries are making policy reforms that are aimed at improving the labour safety law. Factors as such are expected to influence the global sales of hearing protection equipment during the review period.

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Automotive Telematics Market Report by Type, Application and Regional Outlook 2027

According to the report, the automotive telematics market is projected to reach a value of ~US$ 99 Bn by 2027, expanding at a CAGR of ~17% during the forecast period. The automotive telematics market is likely to be driven by the rise in preference for security and safety features in vehicles. For instance, automotive telematics is gaining popularity and is largely being demanded by consumers in the Western hemisphere. Automotive telematics helps optimize the efficiency of the vehicle and improvises the traffic flow in a specific region. It helps smoothen the management of vehicle fleet and hence, high rate of adoption among vehicle fleet owners and expansion of rental services are boosting the market for automotive telematics.

Expansion of Automotive Telematics Market

Market for automotive telematics is expanding significantly across all regions. Europe and North America are highly developed markets for automotive telematics, and they are estimated to expand at a notable pace during the forecast period. Significant increase in cases of vehicle theft and traffic fatalities, along with rise in sales of vehicles, encouraged manufacturers to integrate connected vehicle devices in their vehicles.

Stolen vehicle tracking and eCall features offered by telematics services are highly popular among passenger vehicle owners. Presence of large population and high traffic congestion in Asia Pacific make recovery of stolen vehicles in the region highly difficult; however, stolen vehicle tracking is expected to make the task of recovering the vehicle notably easier for governing authorities.

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Enhanced efficiency of vehicles and fleet management are key drivers of the market. Moreover, high fuel economy and low carbon emission are prime concern of fleet owners. Thus, telematics service providers help enhance the economy of the vehicle.

Electronic toll collection and congestion charge are key features provided by telematics service providers in some parts of Europe, which are facing parking issues and traffic jams, owing to high rate of motorization, such as those experienced in the city of London. The electronic toll collection system automatically scans the number plate or QR code mounted on the vehicle and deducts the amount from the account of the vehicle owner, which leads to easier flow of traffic. Telematics services offer several features that ultimately turn out to be highly convenient for vehicle owners, such as remote control of the vehicle, vehicle health diagnostic, over the air updates, connected navigation, and infotainment.

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Electric Vehicle Charging Station Market Technological Innovations and Future Opportunities 2026

Global warming has become a concern for countries across the world. In the last decade most developed and developing nations have taken onus to arrest the expanding carbon footprint. One of the several measures adopted by the leading nations is to ban diesel powered cars in the next 15-20 years. As a result, car manufacturers are rolling out hybrid or electric vehicles. This has created opportunities for the global electric vehicle charging station market.

The demand in the global electric vehicle charging station has been growing consistently, and is expected to grow at a stupendous CAGR of 10.19% during the forecast period. According to a Transparency Market Research report that was published recently, the global electric vehicle charging station market will surpass US$3bn by the end of 2026.

The rapid growth in the market is augmented by the stiff competition among the key players. As the sales figures for electric vehicles climb every year, the demand for charging stations will also shoot up. Sensing immense opportunities for business, prevailing players are adopting strategies to scale up their operations, while prospective players are striving to introduce innovative products. Considering the future will be electric vehicles, market players believe it is the right time to make the best move to grow their business.

The global electric vehicle charging station market is catching pace across the world. Primarily, the demand is high from Europe as some countries have announced ban on diesel automotive. North America is also swiftly reaching towards that status as people and the governments realize the need for electric vehicles.

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Thrust from Policy Makers to Garner Demand

It is proven that most developed and developing nations contribute for a significant proportion of the overall greenhouse gas emissions. In order to cut down on individual carbon footprint, governments of leading nations have announced policies that control industrial and vehicular pollution. Many countries expect to see electric vehicles on their roads by 2030. To facilitate this, they are urging automotive manufacturers to develop sustainable electric vehicles. This is increasing demand in the global electric vehicle charging station market.

Further, policy makers are introducing attractive subsidies and benefits to those purchasing electric vehicles. This attracts customers and influences them to choose electric vehicles over diesel cars. As a result, the global electric vehicle charging station market is expected to grow at an overwhelming rate.

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