Industrial Pumps Market Analysis, Growth Rate, New Trend Analysis Forecast To 2026

Industrial pumps are utilized extensively for applications across the globe. Industrial pumps are typically heavy-duty process pumps. These are mainly used for pumping out various kinds of products, such as sludge, petroleum, water, slurry or food, chemicals, wastewater, and oil. There are two types of pumps utilized for industrial use, such as positive displacement pumps and centrifugal pumps.

The pumps industry is estimated to experience development in the forthcoming years. This is due to a rising demand for technological advanced pumps and applications of end user. The industrial sectors, for example, chemicals & petrochemicals, water & wastewater, oil & gas, and many more., are the reasons for development in the market in the forthcoming years. And, it is projected to have higher demand for pumps around the globe.

Global Industrial Pumps Market: Notable Developments

Some of the key developments in the industrial pumps market are:

• On December 2017, a major ferry port in Kent, Dover declares their plan to spin off Wellsite business into industry-driven public company.

• On March 2014, the US-based Flowserve Corporation, a manufacturer of flow control products essential for chemical, power, and oil industries, established its modern pump production base at Myleripalayam in Coimbatore.

There are some major companies operating in the industrial pumps market which include Iwaki America Inc., ITT Corporation, Vaughan Company Inc., SPX Flow Inc., and Roper Technologies Inc.

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The partnership establishment is a major trend that can be seen across the industrial pumps market. Global companies are concentrating on expanding their portfolio, which can be done by acquiring medium and small-scale industries. Therefore, in the forthcoming years, an intense competition can be seen among the players operating in the market.

Global Industrial Pumps Market: Drivers & Restraints

The demand for industrial pumps differs depending on the economy. In case of an emerging economy then the demand for industrial pumps is increasing because of improving infrastructure and urbanization. And in case of an emerging economy, the demand for industrial pumps is rising with improvements happening in  manufacturing processes. Additionally, constant drilling processes in oil producing areas like Middle East is driving the demand for the industrial pumps market too. Also, wastewater and gas industry are major factors boosting the economy of the industrial pumps market. The oil and gas industry of the U.S. uses hydraulic fracturing which is booming the demand for process equipment in the industrial pumps market.

The global manufacturers of the industrial pumps market are in threat reason being in developing economies the non-industrial pumps manufacturers are entering into the segment and taking benefits from their own distribution network and production base already functioning. However, increasing demand for replacements grows the chance for global manufacturers in the industrial pumps market to provide the consumers with aftermarket parts and services. This replaced segment will drive and possess less threat to the global producers of the industrial pumps market.

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Global Industrial Pumps Market: Regional Outlook

Among all the region across the globe, Asia Pacific is leading the industrial pumps market and it is expected to lead in the forthcoming years. This due to most parts of the Asia Pacific are still developing economies, such as India and China. For example, FDI wants to invest in oil and gas industry of India and its government has passed a policy for the promoting it. This investment will automatically boom the demand for industrial pumps and the manufacturing of polymers and petrochemicals will rise. Hence, it will bolster the demand for the industrial pumps market in India.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Industrial Refrigeration Equipment Market – Global Forecasts and Opportunity Assessment

Transparency Market Research delivers key insights on the global industrial refrigeration equipment market. In terms of revenue, the global industrial refrigeration equipment market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in this report.

In the industrial refrigeration equipment report, TMR predicts that the market would be largely driven by factors such as rapidly growing cold chain industry across the globe. Moreover, increasing elderly population worldwide has significantly enhanced the demand for chemical and pharmaceutical refrigerated warehouses, which is subsequently expected to drive the industrial refrigeration equipment market.

Globally, the adoption of CO2 and ammonia based refrigerants has resulted in increased demand for refrigeration components that are compatible with these refrigerants and comply with the legislations introduced by governments. The trend is likely to have noteworthy impact on the industrial refrigeration equipment market during the forecast period

In addition, rising trend of outsourcing pharmaceutical manufacturing is also driving the market. Rapidly developing economies such as India and China are key influencers in the industry. Need to reduce time-to-market, increasing profit margins, and encouragement of drug discovery are some of the factors driving pharmaceutical imports in these countries.

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According to the industrial refrigeration equipment market report, the product segment includes condensers, compressors, evaporators, heat exchangers, controls, and others (valves, connectors, etc.). Condensers are expected to dominate in terms of value; however, in terms of volume, the others segment that comprises various small components of the industrial refrigeration system that are frequently replaced, lead the market. The expansion of the condensers sub-segment can be attributed to the exponential growth in small and medium cold storage and food processing facilities. Furthermore, in the near future, based on application, refrigeration warehouses is estimated to flourish at a prominent rate. The industrial refrigeration warehouses segment is majorly fueled by growth in demand for fresher and just-in-time delivery of perishable goods such as vegetables, fruits, meat, and dairy products.

Industrial Refrigeration Equipment Market: Prominent Regions

Presently, Asia Pacific dominates the global industrial refrigeration equipment market followed by North America. The Asia Pacific industrial refrigeration equipment market is predominantly driven by the growth of the food & beverages processing industry coupled with increasing import and export of perishable goods. This is also expected to bolster the Asia Pacific industrial refrigeration equipment market during the forecast period.

Furthermore, the Asia Pacific market is also forecast to gain substantial growth rate during the forecast period. India in recent years recorded majority cold storage capacity, more than the U.S. capacity.

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Industrial Refrigeration Equipment Market: Key Players

Key players operating in the global industrial refrigeration equipment market include Ingersoll Rand, Johnson Controls, Danfoss, Mayekawa Manufacturing Company, EA Group Aktiengesellschaft, Emerson Electric Co., LENNOX International Inc., Parker Hannifin Corp, LU VE Group, and BITZER. Companies operating in the industrial refrigeration equipment market are extensively focusing on introducing innovative products in order to gain more market share.

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Demolition Equipment Market Current Opportunities with Future Growth Scenario by 2027

The task of demolition has become tougher with the day. Advances in engineering of machinery has enabled manufacturers provide equipment that are not only robust and sturdy but also ensure the safety of operators. New hydraulics has been incorporated with demolition equipment, the working range of machines has been expanded, and their uptime has seen vast improvement over the years. Thus the demolition market has seen constant unveiling of technologies that can meet the demanding requirements of end users. Countries where demolitions are common, such as earthquake-prone nations, have shaped the demand dynamic of the overall demolition equipment market. Manufacturers have also expanded their foothold by offering range of services. Industrial robotics has paved way for new technological avenues in the demolition equipment market.

The types of machinery to which demolition equipment has been attached to include backhoe loaders, wheel loaders, material handlers, hydraulic excavators, track loaders, skid steer loaders, and multi terrain loaders.

Global Demolition Equipment Market: Growth Dynamics

The demolition equipment market is witnessing new growth dynamics in scrap recycling applications. A steady force behind this is the growing approach of the construction industry toward sustainable materials management approach.

The growing popularity of machine-mounted machinery for demolition has been a key trend shaping the dynamic of the demolition market. Advances in the way methodology and equipment are used for high-scale demolition, new technologies have come to the fore and reduced the time spent onsite as well as cost. Rapid pace of urbanization has unlocked a new potential in the demolition equipment market. Over the past few years, the concept of smart cities has gained traction in numerous countries world over. This has spurred the demand for demolition equipment to demolish aging infrastructures. Growing spending of governments in reconstruction works in these countries are helping in catalyzing the high sales of demolition equipment.

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Global Demolition Equipment Market: Notable Developments

In recent years, remotely controlled demolition equipment has offered fresh stream of revenues to the demolition equipment market. This has been driving the demand for state-of-the-art electrical systems to improve the performance of demolition equipment. A case in point is a series of remote-controlled demolition machines unveiled by Brokk AB. It has been focusing on making electrical system powerful enough to support the high-performance requirements of demolition works, particularly in the mining industry. Changing demands underpin the constant feature advancements by prominent manufacturers.

Some of the prominent players operating in the demolition equipment market are:

• McClung-Logan Equipment Company, Inc.
• Caterpillar Inc.
• AB Volvo
• Hughes & Salvidge Limited
• Komatsu Europe International N.V.
• Hitachi Construction Machinery Co., Ltd.
• Hyundai Construction Equipment India Pvt. Ltd.

Global Demolition Equipment Market: Regional Outlook

The key regional markets for demolition equipment are North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. Growing numbers of smart building constructions in emerging economies are underpinning lucrative avenues in some regions. Among all the key regions in the demolition equipment market, Asia Pacific has shown extraordinary revenue potential, with the growth increasingly fueled by swelling investments in infrastructure developments. Europe has also been a potentially lucrative region in the demolition equipment market. Technological advancements in machine-mounted machinery are helping cement the potential of the regional market. Meanwhile, North America has remained an increasingly attractive market. The potential is driven by uptake of new technologies in challenging demolition projects.

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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Automotive Crash Sensor Market Opportunities, Scope & Detail Survey by 2030

The global automotive crash sensor market is all set to chart upward revenue graph in the forecast period of 2019 to 2028. One of the important factors for this prodigious growth is increased use of automotive crash sensor in a wide range of vehicles. Reliability and ability to work in critical environment are some of the key features owing to which the automotive crash sensors are gaining traction of major companies working in the automotive sector. These devices are widely used to measure changes in the environment. Automotive crash sensors sense change in pressure, speed, and control and convert them into signals.

The global automotive crash sensor market is segmented on the basis of product, application, and region. On the basis of product, the market for automotive crash sensor is divided into pressure sensor, speed sensor, gas sensor, temperature sensor, level sensor, and position sensor.

An upcoming research report from TMR on the global automotive crash sensor market is intended to provide in-depth knowledge of this market. The assessment of vital elements supporting and hindering market growth is precisely presented in this report. Apart from this, the report offers dependable data on probable growth opportunities for players working in this market. The report provides helpful insights of this market for the forecast period of 2019 to 2028.

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Global Automotive Crash Sensor Market: Growth Dynamics

The global automotive crash sensor market is expected to gain two-fold growth in the overall revenues during the upcoming years. Thriving worldwide automotive industry and improved disposable income of majority of people from all across the world are some of the key reasons that will drive the market growth. This aside, major worldwide population today is more aware about safety and security. As a result, the vendors working in the global automotive crash sensor market are witnessing increase in their sales.

Major enterprises from the global automotive crash sensors market are increasing efforts to incorporate technological developments in their products. This move is helping them to offer superior quality products. This factor is working as a driver for the growth of the global automotive crash sensor market.

Global Automotive Crash Sensor Market: Competitive Analysis

The global automotive crash sensor market is fairly fragmented in nature. Presence of many well-established players signifies that the competition level in this market is highly intense. As a result, the new entrants working in the automotive crash sensor market will have to use diverse strategies to withstand in this extreme competition. Focusing on research activities can help new as well as well-established players to improve the quality of the products they offer. This effort will lead to boosting the overall revenues of their businesses. Some of the key strategies in the market for automotive crash sensor are mergers, acquisitions, collaborations, and partnerships.

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The list of key players working in the global automotive crash sensor market includes:

• TRW
• Continental AG
• Bosch
• Delphi
• Dorman
• Sensata
• Daicel

Global Automotive Crash Sensor Market: Regional Assessment

The global automotive crash sensor market is spread across seven key regions, namely, South America, North America, Western Europe, Eastern Europe, Japan, Asia Pacific, and Middle East & Africa. Of them, Asia Pacific is one of the prominent regions that will have major contribution for the growth of the market for automotive crash sensor in the upcoming years. Key reason supporting this growth is rising disposable income of major population together with the increased sales of automotive vehicles in this region.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Intercity Bus Travel Market Emerging Trends by 2028

The global intercity bus travel market is poised to grow at rapid pace during the forecast period of 2019 to 2028. This growth can be attributed to increased use of intercity buses for travelling by a major population from all across the world. Generally, travelers use the intercity bus services for going from one town to another. Government agencies or private agencies provide these transportation services on profit or no-profit-no-loss basis.

An upcoming research report from TMR on the intercity bus travel market gives bird’s eye view of this market. It offers precise analysis of key elements supporting or hindering market growth. The report offers helpful insights of the intercity bus travel market for the forecast period of 2019 to 2028.

Global Intercity Bus Travel Market: Growth Dynamics

Major population from all across the world is inclined toward the use of public transport such as intercity bus services. One of the key reasons for this shift in consumer behavior is growing awareness about the environmental-friendliness of this service. In addition to this, the global intercity bus travel market is expected to grow at stupendous rate during upcoming period on the back of the cost-effective nature of the services offered by the players working in this market.

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Intercity buses help in producing less carbon dioxide compared to other travelling options. Thus, increased use of these services can help in conservation of environment. These buses do not take a halt at every stop. As a result, travelers can reach to their desired place in minimum possible time. Owing to this feature, there is considerable increase in number of people who prefer travelling through intercity buses. As a result, vendors working in the global intercity bus travel market are gaining remarkable expansion opportunities in worldwide locations.

Global Intercity Bus Travel Market: Competitive Analysis

The global intercity bus travel market is fairly fragmented in nature. Presence of considerable number of players connotes that the competitive landscape of the market for intercity bus travel is highly intense. Vendors working in intercity bus travel market are using diverse strategies to gain the leading position. Several players are focused on improving their services. For his purpose, they are incorporating advanced features in their travel systems. A case in point here is announcement by Greyhound Lines. In its announcement, the firm stated that it has rolled out digital timetables at the terminals of around 50 cities in North America. This move will boost the growth of intercity bus travel market in region.

The list of key players in the global intercity bus travel market includes:

• Green Tortoise
• Central Greyhound Lines
• LimoLiner
• Academy Bus
• Flixbus
• Onebus

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Global Intercity Bus Travel Market: Regional Assessment

The global intercity bus travel market is spread across five key regions, namely, North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. Of them, Asia Pacific is one of the leading regions of the market for intercity bus travel. Intercity bus services are available in rural areas of this region. Moreover, these services play a key role in maintaining and advancing the rural public transit systems. This factor will drive the growth of the intercity bus travel market as the major population in developing countries such as India is living in rural area. Apart from this, the market is expected to gather considerable revenues in Europe and North America.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

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Power-sports Batteries Market Trends, Business Strategy and Forecast to 2030

According to the report, the global power-sports batteries market is projected to surpass US$ 12.4 Bn by 2030, expanding at a CAGR of ~6% during the forecast period. Increase in integration of electronic systems in vehicles, including Bluetooth, GPS, and navigation systems that require continuous power supply, is expected to boost the demand for vehicle batteries and consequently, drive the global power-sports battery market.

Moreover, technological advancements in battery charging technology have enabled batteries to charge at a rapid pace. Additionally, developments have enhanced the battery life, along with its performance. This, in turn, is anticipated to increase preference toward electric vehicles and subsequently, propel the power-sports batteries market during the forecast period.

Expansion of Power-sports Batteries Market

The increase in 2-wheeler production coupled with rise in the demand for fleet of motorcycles and scooters is projected to boost the power-sports battery market during the forecast period. Rise in disposable income of the population is further boosting the trend toward powerful motorbikes. Increase in demand for two-wheelers is expected to propel the power-sports battery market. For instance, major demand for motorbikes is witnessed in Asia Pacific.

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About 60% to 65% power two wheelers are manufactured in Asia Pacific. India witnessed sales of 17.7 million units of two wheelers, as compared to 16.8 million units sold in China in 2016. In terms of volume, the market for two-wheelers in China stood at approximately 18.3 million units in 2018, while the market in India was around 20.2 million units. Sales of two-wheeler vehicles in India stood at 21.19 million units in 2019. The preference for off-highway sports is increasing among the younger population across the globe.

Off-road racing, a highway sport, is a form of motorsports consisting of specially-modified vehicles, including cars, trucks, motorbikes, and buggies racing in off-road environments. The inclination toward off-highway sports, such as desert racing, short-course racing, and hill climbing is rising in North America. Vehicles used in power sports require powerful engines and powerful batteries to ride on rough terrains. Therefore, increasing trend of off-highway sports is expected to fuel the growth of the global power-sports battery market.

Regional Analysis of Power-sports Batteries Market

In terms of the type, the global power-sports batteries market has been split into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is projected to be highly lucrative market, globally, during the forecast period. Asia Pacific has presence of major two wheeler manufacturers. Additionally demand for motorcycles is significantly high in China, India, and Indonesia, compared to that in any other region, globally. Therefore, increase in motorcycle production coupled with a rise in the demand for fleet of motorcycles and scooters in Asia Pacific is projected to boost the power-sports batteries market during the forecast period.

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Key Power-sports Batteries Market Players

A few of prominent players operating in the global power-sports batteries market include Clarios, Crown Battery, Discover Battery, East Penn Manufacturing Company, EnerSys, Exide Technologies, Fullriver Battery, Go Power!, GS Yuasa Corporation, Harris Battery, Interstate Batteries, Johnson Controls, Lifeline, MIDAC Batteries, Navitas Systems, Power Sonic Corporation, ELiON Batteries, Scorpion Battery, Inc., Skyrich Powersport Batteries, Smart Battery, Trojan Battery, U.S. Battery, and Unibat.

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Wall Covering Products Market Notable Developments, Potential Players & Worldwide Opportunities 2027

The global wall covering products market is likely to be driven by the augmented disposable income together with accelerated rate of urbanization across the globe. Globalization and urbanization has replaced the rural culture with modern, urban culture. This has ushered in the widespread of wall coverings together with various other modern products.

Wall covering comes with a lot of advantages, such as it protects the wall surface from scratches or scribbles by children or accidental marks. Wall coverings are also able to add grandeur and taste to the uncovered walls. These cost effective coverings also neutralize the interiors of commercial and residential places and customize it with many different patterns and colors, which are estimated to work in favor of the global wall covering products market in the years to come.

With the recent outbreak of COVID 19, the global wall covering products market is expected to witness a decline in demand due to stalled construction activities and fall in advertising across the various part of the world. Moreover, many governments across the globe are enforcing lockdown of towns and cities and towns of countries, which is likely to impact the global wall covering products market. Impact on the market is likely to be shaped by the supply chain disruption and complete shutdown of many distribution channels.

Type, application, distribution channel, and region are the four important parameters based on which the global wall covering products market has been categorized. The sole aim of such segmentation is to offer a clearer and detailed view of the global wall covering products market.

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Global Wall Covering Products Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global wall covering products market is mentioned below:

• In May 2017, New Jersey-based paint manufacturer, Benjamin Moore & Co. introduced a brand new paint, Ultra Spec SCUFF-X. It is a first of its kind paint, which comes with one-component interior latex paint that is engineered specifically to put up resistance to scuffmarks in commercial, high traffic environments.

Some of the prominent organizations in the global wall covering products market include the below-mentioned:

• Grandeco Wallfashion Group
• Benjamin Moore & Co.
• Asian Paints Limited (APL)
• Walker Greenbank PLC
• Nippon Paint Holdings Co. Ltd
• Ahlstrom-Munksjö Oyj

Global Wall Covering Products Market: Key Trends

The global wall covering products market is characterized by the presence of the following restraints, drivers, and opportunities.

Rise in Disposable Income and Inclination to Spend on Premium Products to Drive Demand

Wall covering products come with a wide variety of products, such as unframed mirrors, interior paints, wall panels, wallpapers, and wall tiles. Wall coverings come with a variety of texture, sizes, colors, designs, and materials. These materials comprise ceramic, paper, and metal. It also helps in the protection of walls harsh environmental elements, such as heavy rain, sunlight, and others.

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A rise in the construction of residential and commercial buildings across the globe is likely to emerge as growth factors for the global wall covering products market in the years to come. In addition, the global wall covering products market is likely to be driven by the rising disposable income, increased propensity to spend on premium products, and improved standard of living is likely to encourage the expansion of the global wall covering products market in the near future. Rise in demand for accommodation is likely to emerge as another factor driving the demand for wall covering products in the near future.

Global Wall Covering Products Market: Geographical Analysis

In the global wall covering products market, Asia Pacific is likely to present immense growth opportunities in the years to come. A rise in the disposable income of the people in the region together with increased commercial and residential construction activities is likely to offer immense growth opportunities for the wall covering products market in the region.

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