Research On Investment Casting Market (impact of COVID-19), Analysis

Investment casting process is a foundry process by which a metal part is produced from an investment mold that is formed by a heat-disposable pattern such as wax. Investment casting process is also termed as the lost wax method. These castings are commonly used in defense aircraft, launch vehicles, helicopters, regional jets, and commercial transport. Investment casting process is known for its highly accurate, and, near-net-shape.

Key factors driving the investment casting market include decentralized power generation, optimization of the casting process through simulations, and rising trend of pipeline connectivity and movement of natural gas. Rapid growth in the aerospace & defense sector will drive the demand for investment casting in the near future. Foundries must overcome the challenge of high energy cost as the energy consumption at every stage is immense. On the other hand, need for high initial capital investment is a major drawback of investment castings. The requirement of machinery for large scale production leads to high initial cost. Moreover, the preparation of the wax molds is a time consuming, labor-intensive process. These are some of the major factors hampering the growth of the investment casting market.

The global investment casting market can be segmented based on material, distribution channel, end-users, and region. On the basis of material, the investment casting market can be segmented into aluminum, superalloys, steel, titanium, and others which includes glass and brass. Based on distribution channel, the investment casting market can be bifurcated into direct sales and distributor sales. In terms of end-users, the investment casting market is bifurcated into aerospace & defense, automotive, industrial gas turbines, medical, engineering machinery, and general industrial machinery. Aerospace & defense is one the biggest end-user segment of the investment casting market.

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Commercial aircrafts and jet propulsion for defense offer investment casting the leading status in the casting industry. Based on region, the global investment casting market can be segregated into Europe, North America, Asia Pacific, South America, and Middle East & Africa. North America region is projected to be the major revenue contributor for investment casting due to the expanding manufacturing industry, primarily for civil aviation and industrial gas turbines. Secondly, the market in Asia Pacific is estimated to expand at a considerable pace during the forecast period due to increasing government investment in the aerospace & defense sector.

China and India are automotive hubs with large number of automotive OEM’s shifting their manufacturing facilities to these countries. This has influenced the demand for aluminium castings in these countries in the past couple of years. Rise in demand for investment casting in industries such as aerospace & defense, automotive, industrial gas turbines (IGT), medical, engineering machinery etc. will drive the market in developing Asian countries such as Japan and South Korea. This is expected to augment the demand for investment casting in these countries from 2018 to 2026.

Prominent players operating in the global investment casting market are Precision Castparts Corp, Amtek Group, Doncasters Group Ltd,  ABB, Bharat Forge Ltd., Alcoa Corporation, RLM Industries, Inc.,  ThyssenKrupp AG, Milwaukee Precision Casting, Inc.,  Aristo Cast Corporation, CIREX, Georg Fischer Ltd., The Anchor Danly Company, MetalTek International, Zollern GmbH & Co. KG., Thompson Investment Casting, Nova Technocast, Signicast, and Solidscape Inc.

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These players are estimated to face tough competition in the near future due to presence of a large number of local players in the market. Major brands are likely to focus on innovation of new products and research & development activities to strengthen their foothold in the global investment casting market. Companies are undertaking mergers and acquisitions, and joint ventures with local players to expand their product portfolio. Producers in developing countries are focusing on reducing their cost of production and increase profitability for the sustainable growth of their business.

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Smart Factory Market 2020 is Slated to Witness Tremendous Growth in Coming Years

Smart factories have gained huge traction in the past couple of years owing to the increasing adoption of intelligence technologies in various industries including energy, mining, manufacturing, and petrochemicals. Increasing use of high-tech tools and high-tech machinery portrays a beautiful combination of manufacturing and technological developments. Another significant factor driving growth in the global smart factory market is the industrial shift towards cyber world. In this, every component of value chain likely to be connected to ensure informed manufacturing with zero defects and no-time lags that will further augments demand in this market.  

The report provides major drivers and restraints that influence growth in the global smart factory. These insights will benefit key stakeholder to get a complete knowledge about the market and crucial pointers that might affect in the growth of this market. In addition, geographical analysis, vendor landscape, and segmentation are also thoroughly analyzed in the report. Various assessments and evaluation of the market dynamics are based on throw statistical analysis of large volume of relevant data.

Global Smart Factory Market: Notable Developments

General Electronic and Siemens are two eminent players in the global smart factory market. The former provides industrial automation solutions on different process and discrete industries and latter holds majority in the smart factory market. GE’s Intelligent Platform business division offers software and hardware technology platforms by mainly focusing on selling through solution providers. Siemens holds a competitive edge in petrochemical, oil and gas, and chemical industries. Some of the other companies are also making significant efforts in expanding smart factory market.

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• Schneider Electric collaborating with Temasek, collectively entered an agreement to buy Larsen & Toubro’s Electrical & Automation business. They will then collaborate it with its Low Voltage & Industrial Automation Products business situated in India. This agreement will help both the companies to strengthen their position in this region.

• IBM partnered with ABB for industrial artificial intelligence solutions. ­IBM Watson Internet of Things (IoT) and ABB Ability is a potent automation combination that will help in improving the production lines by recognizing critical faults over manufacturing process.

Several other players are also making significant efforts in expanding the global smart factory market by using different strategies and techniques. Some of the leading players include Schneider Electric, ABB, FANUC, Emerson Electric, General Electric, Yokogawa Electric, Honeywell International, Rockwell Automation, Mitsubishi Electric, Siemens, and Robert Bosch.

Global Smart Factory Market: Trends and Opportunities

Among the recent trends seen in the global smart factory market, includes development of Manufacturing Execution Systems (MES), data models for rapid usage, and factory-specific templates. Moreover, increasing industries of refurbished robots coupled with untapped fields such as industrial robots and RFID are projected to create lucrative growth opportunities in the global smart factory market.

Increasing R and D Activities by Institutions Led Dominance of Asia Pacific in Smart Factory Market

Geographically, Asia Pacific is expected to hold dominant share in the global smart factory market. Presence of dominant players such as Yokogawa, Mitsubishi Electric, Omron, and Fanuc led dominance of Asia Pacific in this market. In addition, increasing use of automotive technologies and technological innovations in various industrious industries also fueled growth in this market.

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Among the various developing economies in Asia Pacific, China has been using advanced industrial practices by implementing automation technologies in manufacturing sector. Information integration and intellectualization are the central focus of the government policies, which also contributed in the growth of the Asia Pacific smart factory market.  Moreover, various research institutions and organizations are working together to improve manufacturing processes in China. Japan is also playing a significant role in boosting growth in this market. Prominent three companies namely Honda, Suzuki, and Toyota are working towards creating smart factories by developing manufacturing sensors, robots, machine vision systems, and wireless technologies. These initiatives will also spur growth in this market. 

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Freeze-Drying Equipment Market Growth Prospects, Insight Analysis 2020-2029

The global freeze-drying equipment market is set to grow alongside advancements in the food and beverages industry. There is humongous demand for improved drying technologies within the food industry, and this trend has ushered an era of growth within the market.

Freeze-drying techniques have been a matter of discussion across the medical and food analysis sectors, and this factor shall bring in fresh revenues into the market. Low-temperature dehydration processes, such as freeze-drying, serve greater utility as against conventional dehydration methods. Furthermore, the ease of processing a product after freeze-drying it has popularised low-temperature dehydration. Considering the factors mentioned above, the total volume of revenues within the global freeze-drying equipment market is set to increase.

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A report added by Transparency Market Research (TMR) on the global freeze-drying equipment market is a deft explanation of the forces that have supported market growth. The need for precision across the field of biological testing has created new inlets for market growth and maturity. Moreover, surgical transplants pertaining to biomedicine also involve the use of freeze-drying equipment for dehydrating several materials. In addition to this, use of freeze drying in vital areas such as biotechnology, biomedicine, and food preservation shall create new inlets for the inflow of revenues within this market.

Global Freeze-Drying Equipment Market: Notable Developments

The global freeze-drying equipment market has witnessed the emergence of several new advancements, and these developments have shaped market growth.

• Use of vacuum-microwave technologies for drying pharmaceutical products can affect the growth dynamics of the market. Manufacturers of freeze-drying equipment market are wary of the competition they face from the development of new and more cost-efficient techniques for drying. Therefore, these entities are making ardent efforts to continually improve their marketing and manufacturing standards. The biopharma sector is amongst the most sought-after target groups for manufacturers of freeze-drying equipment. Investments in research and development by freeze-drying equipment manufacturers shall aid the growth of this market.
• Several research lines pertaining to freeze-drying have come to the fore in recent times. Freeze-drying companies are entering into new regional territories to tap into the demand of new market groups. Therefore, the total volume of revenues within the global freeze-drying equipment market is set to increase by a dramatic chase.

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Some of the notable vendors in the global freeze-drying equipment market are:

• Tofflon Science and Technology Co., Ltd
• Labconco Corporation
• Azbil Corporation

Freeze Drying Equipment Market: Growth Drivers

• Importance of Food Processing

Food products procured using freeze-drying techniques are believed to be better in quality. The use of low-temperature processing techniques ensures that quality of the rehydrated product is not compromised. Furthermore, freeze drying also helps in dehydrating a product without changing its shape or size. The advent of new-age technologies within medicine, food and beverages, and biotechnology areas has created stellar demand for freeze-drying equipment. Manufacturers are focusing on improving their operations and technological game to foster quality and resilience in their products. Availability of high-end freeze-drying equipment shall transcend as a launch pad for market maturity.

• Need for Healthier Food Options

The presence of a seamless industry for food processing has created fresh growth opportunities within the global market. Several food items including ice creams, coffee beans, and other important consumables are freeze-dried in the food processing sector. The importance of studying the potential impacts of freeze drying on the healthiness of food products has given a thrust to market growth. Several food processing units have begun buying their own freeze-drying equipment in order to localise all their processes. This trend shall unravel of plethora of new opportunities that manufacturers of freeze-drying equipment can pounce upon.

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Distribution Automation Market Revolutionary Trends in Industry Statistics by 2020-2027

Reaching a significant market worth by 2027, the global distribution automation market is set to chart a notable CAGR (Compound Annual Growth Rate) owing to an increase in generation of renewable energy, and a rising demand for energy efficiency.

It is worth pointing out here that developing countries such as India are witnessing an increase in distributed energy generation and that is leading a plethora of untapped opportunities emerging in the market landscape.

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Global Distribution Automation Market: Competitive Landscape

The landscape of global Distribution Automation market is witnessing a slew of notable developments, which are shaping the future and overall appearance of the competitive landscape. A glance into the global Distribution Automation market is given below.

The global Distribution Automation market is fragmented owing to a decent number of players in the market landscape. And, prominent players in the global Distribution Automation market are Siemens (Germany), ABB (Switzerland), GE (US), Schneider Electric (France), and Eaton (Ireland). Software providers such as Cisco (US) and Xylem (Sensus) (US) provide software to OEMs such as ABB (Switzerland) and Siemens (Germany), among others.

In order to consolidate their market position, players clamor for an edge over competitors and that can be done via product development, advancement in technology and increasing investment in research and development in order to push innovation. Some of the players partner with others to combine capabilities and know-how, while exploring synergies to ensure growth in the future. Often, it also leads to a deeper penetration into a specific market.

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Global Distribution Automation Market:  Key Trends and drivers

The global Distribution Automation market is looking at significant factors of growth over the forecast period. Some of the key factors comprise the ones outline below. A thorough analysis can be found in the upcoming global distribution automation market study report done by Transparency Market Research (TMR).

• Increase in generation of renewable energy is leading to growth in the distribution automation system. In the total energy mix, the share of renewables is increasing, driving the global Distribution Automation market up significantly.  Besides, it has been noted that existing infrastructure is ageing and as that demands for an upgrade, it is good news for the distribution automation market all the way.
• Communication technologies are witnessing revolutionary advancement and so is Internet of Things (IoT), which is a solid foundation to build the future of automation on as it has the capacity of smoothening creases from planning, processes and outcomes. Besides, precision and accuracy will improve with further advancement in the field. Additionally, as advancement in technology leads to lower maintenance cost and high efficiency, market for the distribution automation will only see a higher upward curve over the forecast period.

Global Distribution Automation Market:  Regional Analysis

Over the forecast period, the region that is set to carve out a major chunk of the overall growth is Europe, owing to increasing investment levels in distribution automation. Besides, the growing complexity in the region’s infrastructure is calling out for automation to manage distribution effectively. Moreover, there is demand for bringing energy efficiency in the supply of power in Europe. Some of the key markets in the region for distribution automation are France, the United Kingdom (U.K.) and Germany.

However, it is pertinent to note that the fastest growing region would be that of Asia Pacific (APAC) over the forecast period. The growth owes itself to countries such as Japan, China and Australia. Besides, there is rapid industrialization marking the regional landscape, propelling growth in the global distribution automation market.

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Jaw Crushers Market by Top Key Players, Demand and Forecast Research to 2027

• Jaw crusher is a type of heavy duty machine or major size reduction equipment, which uses a metal surface to break or compress materials or large stones, rocks, and mountains into smaller one. Jaw crushers are mostly used in metallurgical and mechanical industries which crush different types of hard and soft materials.
• Jaw crushers use the compressive force to crush the rocks. This mechanical pressure is achieved with the help of two jaw dies, one of which is movable and the other is fixed.
• A jaw crusher crushes the material in one stroke because it consists of two plates, one part being fixed and the other mounted by Pitman mechanism.
• Jaw crushers are used in various applications such as mining, building materials, and waste management and recycling.
• The global jaw crushers market is projected to expand at a rapid pace during the forecast period due to their increased demand from commercial and industrial applications.

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Jaw Crushers Dynamics

Key Drivers of the Jaw Crushers Market

• Expansion of infrastructure and construction industries in developed as well as developing countries is a major factor anticipated to fuel the jaw crushers market in the near future.
• The incorporation of technology in the features of jaw crushers and rising adoption of technologically advanced jaw crushers in developing countries is anticipated to drive the global jaw crushers market.
• Increasing automation in the mining and construction industry is further boosting the jaw crushers market.
• Rise in the use of jaw crushers in industrial and commercial applications such as in mining, building and construction, and recycling is another key factor boosting the expansion of the jaw crushers market.
• Jaw crushers are cost-effective, provide high productivity, easy maintenance, and convenient replacement of spare parts, have low noise pollution, low energy consumption, and a long lifecycle. This in turn is expected to propel the demand for jaw crushers during the forecast period.
• Rise in demand for crushing hard materials and stones such as iron-ore, quartz, and copper is expected to propel the market demand in the next few years.

Limited Feeding Capacity of Jaw Crushers to Hamper the Market

• Limited or smaller feeding capacity of each feeder and higher vibration is a major factor expected to hinder the jaw crushers market in the next few years.

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North America to hold major share of the jaw crushers market

• North America dominated the global jaw crushers market and accounted for a notable share due to the presence of well-established and technologically advanced manufacturers in the region. The U.S. is the key market in North America due to high demand for jaw crushers in the country.
• The jaw crushers market in Asia Pacific is projected to expand at a rapid pace. This can be attributed to increasing mineral resource exploitation and constant technological innovation, which is projected to fuel the jaw crushers market in the region. Furthermore, increasing government initiatives and investments in transportation infrastructure and rise in construction & infrastructure activities in Asia Pacific is further anticipated to propel the jaw crushers market in the region.
• Demand for jaw crushers is rising in the Middle East and Africa region due to increasing infrastructural development and increasing focus on mining and quarrying.

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Planting Equipment Market: In-Depth Market Research Report 2020 – 2027

• Planting equipment are farm equipment used to sow seeds in an agricultural field. The seeds are planted in specific rows by using the planting equipment. The growth of automation and ease of usage is expected to drive the planting equipment market. Planting equipment reduces manual work. It is used for the seeding process in agricultural applications. The traditional method of planting seeds has been replaced by planting equipment. Planting equipment helps to perform farming work efficiently within a short time. Growth of the farming sector is anticipated to boost the planting equipment market.

Growth of Agricultural Sector to Drive the Global Planting Equipment Market

• Growth of the agricultural sector will increase the demand for planting equipment worldwide. Planting equipment has replaced the traditional sowing method. Achieving uniformity in the distribution of seeds in manual sowing is difficult. Planting equipment offers uniformity in less time. Manual labor required for planting also increases the expenses of farmers. The use of planting equipment has made the task simpler and more efficient. Automation has boosted productivity and efficiency in the agricultural sector. Better efficiency, easy processing, and increased productivity are the major factors expected to drive the global planting equipment market.

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Rising Preferences for Advanced Equipment to Create Better Opportunities for the Planting Equipment Market Globally

• Planting equipment reduces manual work and has better machine components. The automatic tool change function of planting equipment saves time and effort required in manual tool changeovers. In recent years, advancements of machining centers such as five-axis machining centers equipped with rotational & conventional axes has enabled the manufacturing of complex machine parts & components with greater efficiency. Manufacturers are focusing on improving the functioning of machining centers to cater to the rising demand for efficient machining centers. Thus, product innovation is expected to create better opportunities for the global planting equipment market during the forecast period.

Asia Pacific to Lead the Global Planting Equipment Market

• In terms of region, the global planting equipment market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
• Europe includes the country-level analysis for U.K., Germany, France, and Rest of Europe. The North America planting equipment market country-level analysis includes Canada, the U.S., and Rest of North America. The South America planting equipment market is segmented into Brazil, and Rest of South America. Analysis and forecast of the planting equipment market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.

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• The market in Asia Pacific is likely to witness maximum demand for planting equipment followed by North America from 2019 to 2027 due to higher growth of the automotive and industrial sector.

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Handheld Marijuana Vaporizer Market Demand and Analysis by Forecast 2027

A recent report by Transparency Market Research States that the since the legalization of marijuana is several countries, the global handheld marijuana vaporizer market is growing exponentially. The popularity of the herb has a major hand in the progressive of the market states the experts at Transparency Market Research. According to their prediction, the global handheld marijuana vaporizer market is projected to witness a robust 23% in the duration of 2019 to 2027. Moreover the prescribed use of the herb for treatment of anxiety and depression is also a key factor driving the growth of the global handheld marijuana vaporizer market in the duration, says the report.

Legal Sale of the Herb Boosts the Growth

Ever since in 2013 when Uruguay first legalized marijuana, several countries are now following the same trait. Countries like Canada, Denmark, and various other countries have also or shall be soon legalizing the herb. This legalization of the herb has allowed the businesses to develop compact and cost effective vaporizers that can be used easily. These developments are some of the major reasons responsible for the growth of global handheld marijuana vaporizer market in the projected time frame.

Moreover, the growth in the number of people who are willing to get high on the vapors of marijuana is also a major factor that boosts the growth of handheld marijuana vaporizer market globally.

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Involvement of Celebrities to Boost the Market to Reach to US$ 25.7 Bn

Marijuana or “weed” is heavily supported by celebrities like Snoop Dogg and Laganja Estranja. The followers of the celebs follow not just their music and videos, but also their marijuana support. Based on the growth of the number of such followers, the demand for handheld marijuana vaporizers has grown exponentially in recent years. This growing demand is also a major factor that is boosting the growth of global handheld marijuana vaporizer market from 2019 to 2027.

Growth in the Prescription of Marijuana for Treatment of the Neurological Disorders

Marijuana is one of the best anti-depressant that is available in the market. Prior to legalization of the herb, people used to smoke weed just to get high and overcome their anxiety and depression. However, the excess use of the herb made them addict. Healthcare sector post the legalization of marijuana now prescribes a limited doze of the herb to cure the neurological disorders of patient. This development in in the healthcare sector is also a key factor driving the growth of global handheld marijuana vaporizer market from 2019 to 2027.

North America is the Most Lucrative Region

Persisting neurological disorders and hectic life schedule is now taking its toll on the people of the U.S. and Canada. Hence some part of U.S. the herb is now legal and can be brought from a medical store. Due to these reasons, the players of global handheld marijuana vaporizer market are focusing their business in North America. This makes the region as the most lucrative region for the players of global handheld marijuana vaporizer market in 2019 to 2027.

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