Surge Arresters Market Latest Revenue Estimates Signals Opportunities Ahead

The highly concentrated structure of the competitive landscape of the global surge arresters market ensures intense rivalry between leading players, finds Transparency Market Research in a recent study. In 2018, the top five surge arrest manufacturers, namely, ABB Ltd., Eaton Corp., Schneider Electric, Emerson Electric, and General Electric, jointly held a share of more than 60% in this market. To withstand this competition, companies are currently focusing on technical advancements of existent offerings. Product innovation is also expected to gain prominence over the coming years in order to retain their positions in the global market.

Growing Need to Protect Home Appliances from Sudden Power Surge Fuels Demand for Surge Arresters

With the increasing disposable income, a growing desire for a comfortable living can be seen among people all over the world. Electronic devices play a crucial role in providing a comfortable life for the working population, which is why their demand is witnessing new highs on a regular interval. The ongoing technical advancements in consumer electronic appliances are also creating a huge demand for them.

In order to function properly, these appliances require a steady uninterrupted supply of power; however, in most of the cases, they lack inbuilt protection from electricity fluctuation. The irregular flow of power may result in fire and damage household items and their surroundings. Surge arresters, such as voltage regulators and surge protectors, provide efficient protection against such electrical damages by adjusting and normalizing power consumption, ensuring the safety of electronic appliances. The growing need to protect home appliances from sudden surges in electricity is boosting the demand for surge arresters significantly across the world.

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Imminent Growth in Power Generation to Present Opportunity-rich Market to Surge Arrester Manufacturers

Analysts at TMR expect surge arresters to witness a healthy rise in demand over the forthcoming years too. In emerging economies, the rising concerns over the depletion of natural energy resources have created a huge opportunity for the production of electricity from non-renewable resources. This imminent growth in power generation is anticipated to present an opportunity-rich market to the manufacturers of surge arresters. However, the additional cost involved in the installation of these devices may hinder this growth to some extent over the years to come.

North America Leads among Regional Markets for Surge Arresters

Transparency Market Research estimates the global opportunity in the surge arresters market to increase from US$ 2.07 bn in 2018 to US$ 3.25 bn at a CAGR of 5.10% between 2019 and 2027. Among the regional markets, North America tops the list in terms of the surge arrester consumptions. In 2018, the region generated a revenue of US$ XX bn, accounting for a share of 32% in the overall market. By 2027, the contribution of this region to the overall revenue is expected to increase to US$ XX bn. However, due to the strong performance of other regions, it is likely to witness a decline in its overall share in the years to come.

The high voltage surge arresters segment has occupied the key position among all the product segment. Analysts predict it to remain the same throughout the forecast period. Surge arresters will continue to find utmost demand in industrial applications over the forthcoming years, says TMR.

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The study presented here is based on a report by Transparency Market Research (TMR) titled “Surge Arresters Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 – 2027.”

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Active Magnetic Bearing Market Growth and Key Trends Analysis To 2030

 

• An active magnetic bearing is an oil free bearing system that uses electromagnetic forces to maintain the relative position of a rotating assembly (rotor) to a stationary component (stator). An advanced electronic control system adjusts these electromagnetic forces in response to forces generated from machine operation. In other words, active magnetic bearings are devices used to support (levitate) objects using magnetic forces. Some magnetic bearings provide full non-contact support, whereas others provide only partial support, working together with more conventional mechanical operations.
• Active magnetic bearings are widely used in industries due to their higher density force on surfaces of supported objects than any other type of magnetic bearing. These bearings can also operate in a wide range of environments and their properties can be made highly configurable through software parameters, thus creating a significant opportunity for future growth.

Key Drivers and Opportunities of the Global Active Magnetic Bearing Market

• Versatility of active magnetic bearings allows it to be a part of almost any rotating machine. Examples include compressors, blowers, pumps, turbines, centrifuges, x-ray tubes, vacuum pumps, and spindles for revolving mirrors, gyroscope flywheels and inertia wheels, and machine tool spindle. Active magnetic bearings are typical mechatronic devices and one of the most attractive features of such devices is their ability of internal information processing.

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• Active magnetic bearings are resourceful as they use internally measured signals to optimize their performance. Another significant aspect of active magnetic bearings is that by levitating the rotor, there is no metal to metal contact between the rotating and stationary parts that significantly increases energy efficiency and reduces maintenance cost of high speed motors. The need for high shaft speed is one of the factors that call for magnetic bearings over more traditional bearing types.
• Manufacturers are investing heavily in R&D to improve the performance of active magnetic bearings. The joint operation of a magnetic bearing with a roller bearing under emergencies requires further experiments and design efforts.
• Faster performance, integration of crucial peripheral features, and cost reduction is likely to further boost the commercial attractiveness of active magnetic bearings.

North America to Hold Major Share of the Global Active Magnetic Bearing Market

• In terms of geography, the global active magnetic bearing market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
• North America is expected to dominate the global active magnetic bearing market followed by Asia Pacific and Europe. North America is expected to dominate the market due to increased industrialization and urbanization in the region. Growing economies in Asia Pacific are projected to drive the market in the region.

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Key Players Operating in the Global Market

Major players operating in the global active magnetic bearing market include:

• AB SKF
• Calnetix Technologies, LLC
• Foshan Genesis Amb Tech Co., Ltd.
• Kazancompressormash (HMS Group)
• KEBA AG
• Larsen & Toubro Infotech Limited
• Levitronix GmbH

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Coil fed Punching & Cutting Machines Market Trends and Factors Driving the Market Development Forecast to 2030

The development of the global coil fed punching & cutting machines market is primarily driven by the strong growth of various industries, such as HVAC applications, electronics, and automotive. All of these industries in several countries, such as China, Japan, the UK, France, Italy, Germany, and the US are estimated to drive the demand for coil fed punching & cutting machines during the tenure of assessment, from 2020 to 2030. A growing need for lessening of scrap material and a surge in the number of automation solutions in the sector of coil-fed punching and cutting machines are likely to augur well for the market in the near future. Besides, demand for high productivity across several industries is likely to leave a positive influence on the market.

This study on the global coil fed punching & cutting machines market makes an offering of a holistic evaluation of the said market during the timeframe of assessment, from 2020 to 2030. The study comes with elaborate discussion on many segments and analysis of the factors and trends that play an essential role in the development of the market over the timeframe of analysis. Market challenges, opportunities, restraints, and drivers all have been outlined so as to offer the readers a vivid picture of the market. The restraints and drivers are intrinsic factors of the market, whilst challenges and opportunities are the extrinsic elements of the market. This report on the global coil fed punching & cutting machines market gives a vivid picture of the market development in terms of revenue throughout the tenure of assessment, from 2020 to 2030.

The global coil fed punching & cutting machines market has been segmented on the basis of four important parameters, which are type, drive type, application, and region.

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Global Coil fed Punching & Cutting Machines Market: Notable Developments

Companies present in the global coil fed punching & cutting machines market are making augmented investment in the technology of metal sheet cutting and it makes a combined coil-fed punching & cutting machine. This new combo machine is made with integrated automation solutions for the purpose of monitoring. New competitive products are coming up, which is likely to pose considerable challenge for the global coil fed punching & cutting machines market over the timeframe of assessment, from 2020 to 2030.

Some of the leading companies in the global coil fed punching & cutting machines market include the following:

• Dallan S.p.A.
• Pivatic Oy
• Wuxi Qingyuan Laser Technology Co., Ltd
• DANOBAT GROUP S. Coop.
• Produtech s.r.l.
• The HACO Group

Global Coil fed Punching & Cutting Machines Market: Key Trends

The global coil fed punching & cutting machines market is characterized by the prevalence of the following challenges, market drivers, and promising opportunities.

Need to Reduce Waste during Machine Operations is Expected to Boost Demand in the Market

The development of the global coil fed punching & cutting machines market is estimated to be influenced by the increasing preference of the product over sheet metal punching & cutting machines in developing parts of the world. In countries like Italy, Japan, France, the UK, and the US, coil fed punching & cutting machines are gaining rapid momentum and the trend is estimated to continue over the timeframe of prognosis, from 2020 to 2030. Savings in raw materials from these machines is likely to emerge as a growth factor for the market.  It is being estimated that in every month, around USD $ 700 to 800 per ton of waste or scrap is produced.

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However, with the utilization of these machines, the volume of scrap is reduced to almost nil at the time of operation. This factor is expected to play an important role in the expansion of the global coil fed punching & cutting machines market over the period of assessment, from 2020 to 2030.

Global Coil fed Punching & Cutting Machines Market: Geographical Analysis

Asia Pacific is estimated to come out as one of the promising regions in the global coil fed punching & cutting machines market and is likely to remain one of the most lucrative regions throughout the period of analysis. Installation of distribution centers and new units of production in countries like India, China, Indonesia, Myanmar, Singapore, Thailand, and Vietnam is anticipated to propel growth of the market in the Asia Pacific region.

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Air Cargo Security Equipment Market Analysis by Professional Reviews 2025

In a hyper-competitive global air cargo security equipment market, keen companies are seen developing new products keeping in mind the complicated security issues of air cargo. One of the key areas of focus of players is the development of technologically advanced equipment that brings down chances of human errors. C.E.I.A. S.P.A., EAS Envimet Group, ADANI, ENSCO, Inc., American Science and Engineering, Inc., L3 Security & Detection Systems, Rapiscan Systems, Gilardoni S.P.A., Smiths Detection Inc., and Nuctech Company Limited are some of the key players operating in the global air cargo security equipment market.

The global market for air cargo security equipment will likely attain a value of US$28,786.5 mn by 2025-end by rising at a healthy 6.2% CAGR between 2017 and 2025, finds a recent report by Transparency Market Research.

Depending upon the type of products, the global market for air cargo security can be segmented into human-heartbeat detection systems, x-ray systems, and others. Among them, the x-ray system grosses maximum revenue primarily on account of the growing demand for deploying modern screening technology and growth in air cargo security layers. In 2016, the region raked in US$7,352.5 mn in revenue.

Geographically, some of the key segments in the global market for air cargo security studied in the report are North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Of them, Asia Pacific is a key region which is rising at an impressive pace due to the swift pace of economic development in the region.

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With mounting security concerns, the global air cargo security equipment market is predicted to see good growth in the next couple of years. Elaborates the main analyst of the TMR report, “In the wake of rising terrorist attacks, security checks for air cargo needs to be upgraded. Physical checks are clearly not the solution and airport authorities are hard-pressed to tackle the potential security lapses. As a result they are increasingly opting for the more effective x-rays and human-heartbeat detection systems.”

Another factor majorly fuelling the sales of air cargo security equipment is the building of new cargo hubs and airports. Besides, development and commercialization of better versions of air cargo equipment is benefitting the market too. With governments across nations pouring money into upgrading the current security systems, such newer products are seeing healthy demand and benefitting the market as a result.

Aviation Checkpoint Solutions to Generate Maximum Demand

In the years ahead, the aviation checkpoint solutions and air cargo security screening application is likely to generate most of the demand in the market. This is mainly on account of the rising uptake of x-ray technology for detecting narcotics and explosives. However, steep price of screening systems and bulk screening while operating air cargo security equipment is predicted to deal a blow to the demand in the market.

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Nevertheless, x-ray systems will still find widespread application in screening cargo contents through several layers and human-heartbeat detection systems will finds usage to thwart human trafficking between cities and countries.

This review is based on the findings of a TMR report, titled, “Air Cargo Security Equipment Market (Product Type – X-ray Systems and Human-heartbeat Detection Systems; Application – Advanced Personnel Screening, Air Cargo Security Screening, and Aviation Checkpoint Solutions) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017–2025.”

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Automotive Transmission Market Advancement and Business Outlook 2025

The global automotive transmission market is largely consolidated in terms of its vendor landscape, partly owing to the presence of very few manufacturers that solely operate in the field and the preference of several leading auto-makers to in-house manufacturing of transmission systems in collaboration with some tier-I companies, observes Transparency Market Research in a recent report. This has led to a scenario wherein other transmission system manufacturers are left with very little scope of expansion. For sustainable returns, companies could benefit from strategic alliances with leading auto-makers. Some of the leading players in the market are Eaton Corporation, Continental AG, Allison Transmission, ZF Friedrichshafen AG, Borg Warner, Magana International Inc., JATCO, and Aisin Seiki.

According to the report, the global automotive transmission market was valued at US$30.02 bn in 2016 and is projected to rise to US$53.20 bn by 2025, registering a CAGR of 6.6% from 2017 to 2025.

In terms of the type of transmission chiefly used in automobiles, namely manual and automatic, the segment of manual transmission is presently the clear leader. Low cost of vehicles with manual transmission, well-established market for manual transmission vehicles, and lack of awareness among consumers regarding the vast benefits of automatic transmission have worked in favor of the manual transmission segment so far.

Geographically, the rising uptake of passenger vehicles across emerging economies such as India and China, the market for automotive transmission in Asia Pacific is likely to emerge as the most lucrative one. The market in North America is also expected to exhibit a promising pace of expansion owing to the demand for vehicles with advanced transmission systems.

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Rising Focus on Achieving Improved Fuel Economy Drives Major Developments in Market

While the continuous rise in demand for passenger vehicles across emerging economies forms the central factor driving the steady expansion of the market, a number of factors are also leading to vast changes in the way the market is developing. Factors such as changing preferences of consumers in terms of vehicle performance, the need for improved fuel economy of vehicles, and higher power requirements are pushing automotive companies and transmission system manufacturers to invest more in research and development activities. Moreover, automobile manufacturers are also continuously undertaking research efforts to improve vehicle performance so as to reduce transmission power response time and meet carbon emission norms.

The scenario has resulted in the development of technologically advanced products such as continuous variable transmission (CVTs), 9-speed automatic transmission, and dual shafts gearboxes (DSG). The increased demand for automatic transmission in entry-level vehicles, especially across emerging economies such as India, Brazil, and Mexico owing to the added convenience and comfort offered by automatic transmission, is also working in favor of the market.

Lack of Awareness Regarding Benefits of Automatic Transmission Continues Limit Growth

The market struggles to exploit its full potential across regional markets that feature consumer that lack the awareness regarding the vast benefits of advanced transmission systems and are highly sensitive regarding the cost of advanced vehicles. Several economies with a thriving automotive industry due to the rising disposable incomes and increased uptake of passenger vehicles, such as India, China, Mexico, and Brazil, still showcase the dominance of vehicles boasting manual transmission. While lack of awareness is largely attributable for this scenario, the high cost of vehicles with advanced transmission systems also plays a notable role.

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This review of the global automotive transmission market is based on a recent market research report by Transparency Market Research, titled “Automotive Transmission Market (Transmission Type – Manual Transmission, Automatic Transmission (Continuous Variable Transmission (CVT), Dual Clutch Transmission (DCT), and Automated Manual Transmission (AMT)); Vehicle Type – Passenger Vehicle, Commercial Vehicle (Light Commercial Vehicle, Heavy Commercial Vehicle, and Buses and Coaches), and Electric Vehicle) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017–2025.”

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Two Wheeler Tires Market Overview and Detailed Business Analysis till 2026

The global two wheeler tires market is expected to exhibit a strong growth over the course of the forecast period. The report on global two wheeler tires has been minutely studied and researched upon by Transparency Market Research (TMR). The market research report presents a comprehensive analysis of the global two wheeler tires market along with an outline of the competition existing among the core players operating in the market. The vendor landscape section includes several aspects of key players such as product portfolio, innovation and developments core strategies, prime personnel, geographical area covered, acquisitions, mergers, agreements, and other financial and non-financial strategies.

The presence of leading players is expected to trigger intense competition in the market amongst them making this oligopolistic market. On the other hand, small-scale players are witnessing increasing challenges in gaining hold on the market. Owing to incorporation of advanced technology in these tiress, new comers might face difficulties in venturing into the market. The leading companies operating in the market are Apollo Tyres Ltd., Bridgestone Corporation, CEAT Limited, Deestone Company Limited, JK Tyre& Industries, and MRF Limited, among many others.

According to TMR, the global two wheeler tires market is expected to exhibit a CAGR of 4.6% from 2017 to 2026 and is projected to touch a valuation of around US$16939Mn by the end of the forecast period.

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Based on region, the global two wheeler tires market has been segmented into North America, Latin America, the Middle East and Africa, Europe, Asia Pacific excluding Japan, and Japan. Among these, Asia Pacific excluding Japan is likely to emerge as the core region for the market players to capitalize owing to countries such as Indian and China where the demand for two wheelers is comparatively high. Moreover, as the road infrastructure of India is relatively poor, the aftermarket for two wheeler tires is also high in this country as people go for replacements. The two wheeler tires market in Asia Pacific excluding Japan is anticipated to reach a valuation of around US$6,084 Mn by the end of 2026.  The demand from European countries is also expected to be high owing to government subsidies being provided for tires manufacturers in the U.K. and Italy.

On the basis of size, the global two wheeler tires market has been bifurcated into less than 18 and greater than or equal to 18. Between these two, less than 18 is expected to lead the market by the end of the forecast period reaching a valuation of over US$2,460 Mn by the end of 2026.

Based on demand category, the global two wheeler tires market has been divided into OEM and replacement. Among these two, the replacement category is expected to lead the market in the long run as the demand for replacement is higher in most of the developing countries.

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On the basis of application, the global two wheeler tires market has been segmented into street, racing slicks, dual sport, and offroad knobbies. Among these, the application of two wheeler tires is likely to stay higher than the others by the end of the forecast period.

Based on vehicle type, the global two wheeler tires market has been classified into motorcycle, scooter, and moped. The use of two wheeler tires is likely to stay high in motorcycles by the end of 2026.

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Tiller Machine Market Advance Technology and Trends 2021 to 2026

The global tiller machines market is projected to grow at 2.6% CAGR and reach a valuation of US$ 2.68 Bn by 2026-end, according to a new research report by Transparency Market Research (TMR). Sluggishness in the global farm and garden equipment industry is likely to stymie the growth of the tiller machine market during the assessment period.

According to the report, the steady demand for tiller machines is on account of growing awareness among residential and commercial consumers on the benefits of tiller machines. Although demand for new equipment has waned over the years, leasing and renting are gaining traction, which is promoting the growth of the tiller machines market. It is anticipated that proliferation of garden equipment rental companies will create growth opportunities for players in the tiller machines market.

Among the various types of tiller machines available in the market – front tine, rear tine, and mini-cultivators – demand for front tine tiller machines has been observed to be the highest. Front tine tillers are suitable for most of the gardening work in households, and are an affordable option than rear tine and mini-cultivators. They can be easily maneuvered in small and medium garden plots, along with gardens with tight corners. On the back of these factors, demand for front tine tiller machines has remained steady over the years, and during the assessment period, this segment is projected to grow at 2.1% CAGR.

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Electric Tiller Machines Projected to Reach US$ 1.32 Bn by 2026-end

On account of their range of benefits, including ease of use and convenience, electric tiller machines are becoming sought-after among residential and commercial consumers. Although hydraulic tiller machines currently account for a higher revenue share of the market, demand for electric tiller machines is likely to grow at a higher rate during the assessment period. By the end of forecast period, electric tiller machines are likely to reach a valuation of nearly US$ 1.32 Bn by the end of 2026.

9 Inch Wide Tilling Machines to Witness Highest Growth

Tiller machines are available in a different widths, ranging from 9 inches to over 36 inches. Currently, demand for 9 inch wide tilling machines is the highest, and 14 inch wide tilling machines second prominent segment among end-users. According to the report, demand for 9 inch wide tilling machines is likely to surpass US$ 490 Mn by the end of the forecast period.

40 HP to 60 HP Power Capacity Tilling Machines Witnessing Highest Demand

The demand for 40 HP to 60 HP power capacity tilling machines is the highest among end-users, and the status quo is likely to remain unchanged during the assessment period. 40 HP to 60 HP power capacity tilling machines are suitable for a wide range of gardening equipment tasks in households. By the end of forecast period, the 40 HP to 60 HP power capacity tilling machines segment is likely to reach a valuation of US$ 896 Mn by the end of the forecast period.

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Sluggishness in Demand Influencing Manufacturers to Launch Affordable Range of Products

Long replacement cycles, sluggishness in garden equipment industry, and other macroeconomic factors have influenced manufacturers to adapt to the evolving landscape. As APEJ is likely to offer steady growth opportunities to manufacturers, manufacturers are focusing on launching an affordable range of products to cater to the needs of a cost-sensitive consumer base. Some of the key players operating in the market include AGCO Corp, CLAAS KGaA mbH, Kubota Corporation , Tractor and Farm Equipment Limited, Deere & Company, Mahindra & Mahindra Ltd., EXEL Industries, SDF S.p.A., ISEKI & CO. LTD., CNH Industrial N.V.., Bucher Industries AG, Eurometal MIO, Sharp Garuda Farm Equipments Pvt Ltd, Yanmar Co., Ltd., and Kuhn North America Inc.

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