Agriculture Pump Set Market Growing Technology Trends and Business Opportunities by 2027

 

• Agricultural pump set are extensively utilized in the agriculture sector to transport or draw water through pipes from various sources such as rivers, bore wells, and dams, water tanks, and storage facilities.
• Additionally, agricultural pump sets are used to meet the need of farmers and maintain higher agricultural production
• Agricultural pump sets are widely employed for irrigation of agricultural crops, which require large volumes of water.

Global Agriculture Pump Set Market – Dynamics

Key Drivers of Agriculture Pump Set Market

• Rising global population and large dependency on agriculture production, is one of the factor driving the demand for agricultural pump set worldwide
• Rise in adoption of solar pumps for irrigation purposes in developed and developing countries, due to inadequate supply of electricity and the use of diesel powered generators, is a major factor that is expected to fuel the global agricultural pump set market. Moreover, solar pumps can also generate electricity with the use of photovoltaic cells, which can further be employed in the agricultural sector.

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• Use of renewable energy centrifugal pumps, which can decrease the operation cost of pumps to zero, is another factor that is estimated to drive the agricultural pump set market. This in turn, is projected to propel the agricultural pump set market during the forecast period.
• Rise in the income of farmers is driving the demand for high quality of agricultural pumps, which in turn is estimated to boost the agricultural pump set market. 
• North America, followed by Europe, is estimated to hold a significant share of the global agricultural pump- set market, due to the presence of well-established and emerging players in the region. This is mainly due to development in agriculture.
• Companies based in North America are developing the agriculture Pump Set market through the variable speed technology, which can offer more energy efficient features for carrying out irrigation.
• Asia Pacific (APAC) is expected to offer significant opportunities to the agriculture Pump Set market in the near future due to an increase in the demand for agricultural pump sets in the region. The increase in demand is primarily attributed to the significant economies of India, China, and Japan in the region.

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Global Agriculture Pump Set Market – Competition Landscape

The global agriculture pump set market is highly concentrated with the top manufacturers accounting for approximately 45% to 50% share of the market in 2018. Key players operating in the global agriculture Pump Set market include:

• The Kirloskar Group
• Grundfos
• Falcon Pumps Pvt.Ltd.
• Wilo SE
• Sulzer Ltd.
• KSB SE & Co.
• The Flowserve Corporation
• CORNELL PUMP COMPANY
• WALRUS PUMP

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Industrial Environmental Monitoring System Market Value Projected to Expand by 2020-2027

 

• An environmental monitoring system is used to analyze air, water, and soil samples and monitor the quality of the environment. This system controls and monitors the environmental state during and after an industrial operation.
• Leading companies are engaged in inventing advanced technologies and developing industrial environmental monitoring systems to monitor and control the harmful effects of industrial operations.

Industrial Environmental Monitoring System Market Dynamics

• Increasing awareness about environmental pollution control is considered to be one of the major factors affecting the growth of the industrial environmental monitoring system market.
• Supportive government rules and regulations to reduce environmental pollution along with increased government funding to prevent and control environmental pollution are expected to boost the growth of the industrial environmental monitoring system market.
• Moreover, an ever growing oil & gas industry coupled with development of high-end environmental monitoring systems based on nanotechnology are expected to create ample growth opportunities in the market in the upcoming years.
• However, high cost associated with environmental monitoring solutions is expected to be a major factor limiting the growth of the industrial environmental monitoring system market in the upcoming years.

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• In addition, slow adoption of pollution control policies in emerging economies is anticipated to hinder the industrial environmental monitoring system market growth.

Industrial Environmental Monitoring System Market: Segmentation Analysis

• On the basis of products, the global industrial environmental monitoring system market can be divided into environmental sensors, environmental monitors, and environmental monitoring software.

• The environmental monitor segment accounted for major market share in 2018 due to its operational flexibility, high efficiency, and lower maintenance cost. This segment is projected to maintain its dominance in the global industrial environmental monitoring system market throughout the forecast period.

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• Environmental monitors are further split into fixed monitors and portable monitors. Portable monitors segment is anticipated to occupy major share of the industrial environmental monitoring system market due to growing execution of modern building designs, rapid industrialization, and increase in technological advancements of environment monitors.
• On the basis of applications, the industrial environmental monitoring system market is segmented into air pollution monitoring, soil pollution monitoring, water pollution monitoring, noise pollution monitoring, and others.
• Air pollution monitoring accounted for leading application share of the global industrial environmental monitoring system market due to rising levels of air pollution, growing public awareness about environmental issues coupled with supportive government regulations for effective air pollution monitoring and control.

North America to Lead the Global Industrial Environmental Monitoring System Market

• In terms of region, the global industrial environmental monitoring system market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

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• North America accounted for major share of the industrial environmental monitoring system market in 2018.
• The industrial environmental monitoring system market in North America is majorly impacted by the increasing government support for the operation and maintenance of environment monitoring systems. Moreover, presence of well-established industrial infrastructure, adoption of advanced technologies in manufacturing sector, and increasing research & development are expected to drive the demand for environmental monitoring systems, thereby boosting the growth of the industrial environmental monitoring system market.
• The industrial environmental monitoring system market in Asia Pacific is anticipated to expand at a rapid pace in the near future due to significant implementation of strict government regulations regarding pollution monitoring technologies and rapid industrialization.

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Polyester film Market Trend, Segmentation and Forecast to 2028

The packaging of variety of products serves brands as a key factor in product differentiation, brand recognition and product safety and handling. Polyester films are used for packaging in various industries across the regions. Polyester film is known by its trivial name polyethylene terephthalate film. Polyester is a thermoplastic monomer which is widely used to manufacture Polyester films, so as to achieve packaging efficiency. Polyester film is preferred due to its high barrier properties and high printability, along-with good tensile strength and transparency.

Polyester film with gauge range 92-500 (0.023-0.13mm) finds application in general purpose. Furthermore, 500-700 gauge range are categorized as heat stabilized.  Polyester films with excellent thermal stability & printability are preferred for branding. There is a high demand for packaging solutions with high thermal stability and printing compatibility. Manufacturers and brand owners are focusing on packaging solutions with high printability, which can be used as an efficient marketing tool.

Polyester films have applications in a wide range of industries, including the food & beverage industry, cosmetics industry, and pharmaceutical industry, among others. The demand for polyester films is expected to increase on the backdrop of growth in demand for convenience packaging across the world. It has been observed that polyester films with high optical clarity and durability has high demand, particularly in regions with high industrial activity, and therefore, is projected to register moderate to high growth during the next ten years. Therefore, the outlook for the growth of the global polyester films market is expected to be positive during the forecast period.

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Polyester film market: Dynamics

The global flexible packaging industry has undergone significant changes in the last few years. The introduction of UV-protected polyester films in packaging industry has brought a significant change in packaging standards in terms of convenience. Polyester has the property of heat stabilizing and printability, which paves way for the introduction of a variety of packaging features. As polyester films are much less susceptible to contamination, it is highly preferred in food packaging industry. Furthermore, polyester films also offer the possibility of increasing their moisture barrier properties when laminated with metal foil.

Metalized films are flexible for packaging and ensure longer shelf life, which has more demand in the market, resulting in the upsurging demand for polyester films across the regions. The increase in trade plays a vital role in the growth of the global polyester film market, as it increases demand for convenient and efficient packaging. One key restraint is the increasing cost of raw materials being used for packaging and the environmental issues like recycling. The growth of the global polyester film market is also expected to be further boosted by the increasing penetration of e-commerce in emerging economies.

The North America polyester films market is expected to spearhead the growth of the global polyester films market during the forecast period, due to a well-established retail sector. The Asia Pacific region is projected to witness high growth rate, due to positive outlook of retail sector growth in the region. Changing consumer lifestyles in the region is expected to fuel the demand for polyester films in packaging, further providing opportunities for increase in applications.

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Polyester film market: Key players

• Mitsubishi Polyester Film, Inc.
• Jindal Poly Films Ltd.
• Polyplex Corporation
• HuanYuan Plastic Film Co., Ltd.
• Toyobo Co., Ltd.
• Kolon Industries
• Zhejiang cifu group

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Lamination Film Market Research Report 2021 – Future Opportunities and Growth 2021-2027

With the increasing rate of wastages across the globe the need for a strong yet flexible packaging has emerged which led to a rapid growth in the flexible packaging market. Today the global flexible packaging accounts to more than 20 percent of global packaging contribution which is about US $ 210 bn. One such segment which in particularly propelling the growth of flexible packaging is lamination films. Lamination films consist of multiple layers of composite material which provides insulation, strength and enhances the appearance of the product. Lamination film provides a barrier from oxygen, water vapor, and aroma. Industries such as food, pharmaceutical, horticulture have propelled the growth of lamination film market. Such packaging solution aids in slowing the process of the product wastage.

Technological development over the course of half a decade have largely contributed to the product development of lamination films such as the use of bio based material, pressure sensitive resistance, UV protected, etc. All such factors have increased the number of application use of lamination films. Moreover, in term of market value Asia- Pacific country accounts for a significant percentage of market share in global lamination films which is expected to remain dominant due to the growth of correlated industries such as food & beverages, pharmaceutical, personal & healthcare, etc.

Lamination Film Market – Market Dynamics:

Manufacturers of the lamination film are focusing on product development aiming to provide convenience to the consumer which is cost-effective and have less production impact on the environment. Also, industries such as food and pharmaceutical have increased the consumption of lamination film which has helped boost the sales of lamination film, especially in emerging regions.

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On the flip side, the regions such as Europe have stringent disposing regulation as compared to North America. Thus manufacturers have to come up with alternative plans for different regions which ultimately hampers the revenue of the manufacturers. Also, the majority of packaging materials are sourced in North America, due to which other regions have to bear huge raw material transportation cost. Despite such manufacturing barriers in lamination film the demand for the market is increasing year-on-year, and in particular the pouches segment. Overall the market for lamination films is expected to witness a strong CAGR growth over the forecast period.

Lamination Film Market – Market Segmentation:

Global lamination film market is segmented on the basis material type, product type, packaging type and end use type. On the basis of material type global lamination film market is segmented into paper, fabric, metal and plastic. The metal material is further sub-segmented steel and aluminum, while the plastic material is further sub-segmented into polyethylene terephthalate (PET), biaxial – Oriented Polypropylene (BOPP), biaxial – oriented polyethylene terephthalate (BOPET), cast polypropylene (CPP), polyvinylpyrrolidone (PVP), polypropylene (PP), others.

On the basis of product type, the global lamination film market is segmented into low melt film, UV protected film, metalized film, digital film, single sided film, thermal film, holographic film, matte film, others. On the basis of packaging type the global lamination film market is segmented into tubing, peel pouches, flat bags, roll stock, zipper bags, gusset bags, sleeves, others. On the basis of end use type, the global lamination film market is segmented into pharmaceutical, personal and healthcare, food and beverages, chemicals, household industry, horticulture.

Lamination Film Market – Regional Outlook:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific excluding Japan (APEJ)
• Middle East & Africa (MEA)
• Japan

Geographically, in terms of production the lamination Film are manufactured in the regions of North America, Europe and Asia- Pacific. On the other hand consumption of lamination film is highly concentrated in the regions of Asia- Pacific with countries such as India, China accounting for a large percentage of market share contribution in global lamination film market. With rise in disposable income and the growth in food industry in the region of Asia-Pacific the lamination film market is expected to remain dominate over the forecast period.

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Lamination Film Market – Key Players:

Some of the key players operating in the global lamination film market include KDX America, Laminated Film & Packaging, Protect- all, Inc. Northeast Packaging Material Inc., Multi Specialty  Extrusions Pvt. Ltd., AVI Global Plast., Plasti Roll Oy Ltd., Argotec, LLC, Mayur Poly Films Pvt. Ltd., Flexi Film Ltd., Tilak Polypack Pvt. Ltd.

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Electric Boats Market Foraying into Emerging Economies 2021-2026

Electric boats utilize battery power to propel the rotor in order to achieve movement. Batteries used in electric boats are same as batteries of electric vehicles. Electric boats have been popular since their invention in 1839. Demand for electric boats was drastically reduced after the invention of fuel-powered boats. Presently, governments of several nations are focusing on the expansion of battery-based transportation, as emission is considered as a primary global problem.

The global electric boats market is primarily driven by the surge in recreational activities across well-developed nations such as the U.S., Canada, and several countries in Europe. Increase in disposable income, higher standards of living, tendency to indulge in recreational activities, and income stability are propelling the demand for recreational boating services, which is fueling the demand for electric boats. Increasing awareness about environmental safety, government initiative toward reducing reliability over fossil fuels, advanced technology, development of batteries having longer life and reliability, and consumer preference for economically effective boats are prominently driving the global electric boats market. Increase in boat transportation and boat leasing is propelling the global electric boats market at a steady pace.

Electric boats are expensive and hence, middle class people do not prefer them. Electric boats have high horse-powered motors, which require fast speed chargers, which in turn increases the cost of the boat. Higher cost of the electric boat is a key factor restraining the global electric boats market.

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The global electric boats market can be segmented based on boat type, battery type, power output, and region. Based on boat type, the global electric boats market can be segmented into two segments. Hybrid electric vehicles are widely employed owing to their reliable performance and ability to handle higher loads. Based on battery type, the global electric boats market can be divided into three segments. Lithium-ion batteries are a revolutionary development in the field of electric boats and electric vehicles. These batteries provide longer life and higher load carrying capacity coupled with fast charging. Therefore, this segment is likely to dominate the global electric boats market during the forecast period.

Based on boat type, the global electric boats market can be segregated into three segments. Several recreational activities, such as fishing, require small boats, while large boats are preferred for recreational activities for the entire family and parties. The boats used for passenger and goods transportation are preferably large boats. In terms of power output, the global electric boats market can be classified into three segments. Medium and large boats requires power output in range of 30 kW and above. Large and medium boats are employed for medium- and heavy-duty applications, as they require a much higher power output.

Based on region, the global electric boats market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Countries across North America and Europe are witnessing a surge in demand for recreational boating services. Stable income and preference for water-based activities are fueling the demand for electric boats across North America and Europe. Governing bodies are primarily focused on minimizing emission in order to reduce environmental impact. Therefore, governments are promoting clean and emission-less power sources, which is likely to offer lucrative opportunities for the electric boats market across the globe.

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Key players operating in the global electric boats market include Frauscher, Duffy Electric Boat Company, RAND Boats ApS, Echandia Marine AB, GardaSolar s.r.l., Lillebror Marine, Canadian Electric Boat Company, Quadrofoil d.o.o., NavAlt boats, LTSMARINE, Symphony Boat Company, Ruban Bleu, aquawatt Mechatronik und Yachtbau, Soel Yachts B.V., Torqeedo GmbH, and LEAR ELECTRIC BOATS.

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 Wheel Hub Spindle Market by Key Players, Regions, Type and Application, Forecast to 2030

Wheel hub spindle is responsible for attaching the wheel to the car. A wheel hub assembly is a pre-assembled unit that features precision bearings, seals, and sensors; thus, the wheel hub spindle is a crucial part of the steering system contributing to the safe steering and handling of the vehicle.

Key Drivers of Automotive Wheel Hub Spindle Market

• Macroeconomic and demographic trends, such as rapid urbanization, rising incomes, and increased participation of women and youth in the labor force, have contributed the rise in demand for mobility. Sales of passenger cars, globally, has reached 64 million units in 2019, from 49 million units in 2009, which is a 31% surge during these 10 years. Therefore, a rise in the demand for automobiles is estimated to boost the automotive wheel hub in the market. Rising average age of vehicles, globally, is likely to increase the demand for automotive wheels in the automotive aftermarket.

Challenges in Automotive Wheel Hub Spindle Market

• The COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing, and R&D operations and consequently, hampered the automotive industry. Post first wave of COVID-19, global economies have started opening up automotive manufacturing and supply chain operations. Thus, the COVID impact on the industry have seems to reached a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, uncertainty in the automotive industry continues.

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• A gradual recovery in demand from automotive and ancillaries and automotive sales has been witnessed for the last few months, surpassing the year end month sales of 2019, despite concerns around the risk of a second wave of infection, especially in Europe.

Opportunities in Automotive Wheel Hub Spindle Market

• A major opportunity in the automotive wheel hub market is from the increasing focus of automotive firms to produce electric vehicles and hybrid electric vehicles. Sales of electric cars globally surpassed 2.1 million in 2019, crossing sales volume of 2018 Electric cars, which accounted for 2.6% of global car sales and about 1% of global car stock in 2019, registered a 40% year-on-year increase. This is anticipated to significantly drive the global automotive wheel hub spindle market. Furthermore, the advent of advanced driver assistance system and autonomous driving is likely to boost the demand for high quality wheels and hubs.

Automotive wheel hub spindle market in Asia Pacific to expand at notable growth rate

• In terms of geography, Asia Pacific is a significant market for automotive wheel hub. China is a prominent market for automotive wheel hub in Asia Pacific and as well as in world with an annual sale of 25.76 million new vehicle units. India, Japan, and South Korea are other major automotive wheel hub markets in the region. The automotive wheel hub market in India is estimated to expand, as India follows China in terms of y-o-y growth in vehicles sales. The automotive wheel hub market in Japan is anticipated to contract due to decrease in vehicles sales in the country.

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Key Players Operating in Automotive Wheel Hub Spindle Market

The global automotive wheel hub spindle market is moderately concentrated due to the presence of top manufacturers. A few of the key players operating in the global automotive wheel hub spindle market are:

• Maxion Wheels U.S.A. LLC
• MOOG
• Alcoa Wheels
• Accuride Wheel End Solutions
• GKN Wheels and Structures
• Schaeffler Automotive Aftermarket GmbH & Co. KG
• WJB Group
• Baum Hydraulics Corporation

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Automotive Engine Control Systems Market – Overview on Key Innovations 2021 – 2030

Engine control system is the central controller and heart of the engine management system. It controls the fuel supply, air management, fuel injection, and ignition. The control unit is also able to control the exhaust system as well as integrate transmission and vehicle functions due to the scalability of its performance.

Key Drivers of Automotive Engine Control Systems Market

• Presently, countries around the world are shifting their focus toward increasing the stringency of automotive environmental standards around the world with the inclusion of international standardization of driving test modes, tighter rules on particulates for gasoline-powered vehicles, and CO2 incentives. Consequently, automakers are equipping with engine management systems to suit different needs and to comply with the changing norms. Systems for reducing CO2 emissions include engine control systems that allow higher compression ratios and stop & start systems that extend the length of time the engine is stopped. Remarkable advances are also being made in fuel injectors, variable valve mechanisms, starters, controllers, and other components used in these systems.

Restrains in Automotive Engine Control Systems Market

• The COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing, and R&D operations and consequently, hampered the automotive industry. Post first wave of COVID-19 global economies have started opening up automotive manufacturing and supply chain operations. Thus, the COVID impact on the industry have seems to reach a state of normalcy; however, a resurgence in COVID-19 cases in countries across Europe has prompted governments to impose a second round of lockdown restrictions and hence, uncertainty in the automotive industry continues. A gradual recovery in the demand for automotive has been witnessed in the last few months despite concerns around the risk of a second wave of infection in numerous countries.

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Opportunities in Automotive Engine Control Systems Market

• In April 2020, U.S National Highway Traffic Safety Administration and Environmental Protection agency have amended the Corporate Average Fuel Economy (CAFE) and greenhouse gas emissions standards for passenger cars and light trucks and established new less stringent standards, covering model years 2012 to 2016 in phase 1, and model years 2017 to 2025 in phase 2. Introduction of these standards is likely to act as a major opportunity for the adoption of engine control systems technology.
• Major automotive players have been involved in enhancing the current engine technology through extensive R&D investments. This is likely to further boost the scope of improving performance and extending technology to a wide class of vehicles.

Europe to hold dominant share in the Automotive Engine Control Systems Market

• Europe is a major market for automotive control systems with the stringent implementation of emission norms in the region. The EU is making road transport cleaner by enacting new stringent carbon dioxide emissions standards for cars and light commercial vehicles. This would bring the EU closer to achieving its climate targets and would ensure that car manufacturers contribute to the efforts in reduction of greenhouse gas emissions. The aim of the regulation adopted by the Council is to ensure that from 2030 onwards, new cars would emit on average 37.5% less CO2 and new vans would emit on average 31% less CO2, as compared to 2021 levels. Between 2025 and 2029, both cars and vans are expected to emit 15% less CO2. These are EU-wide fleet targets. The CO2 reduction effort is anticipated to be distributed among manufacturers on the basis of the average mass of their vehicle fleet.

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Key Players Operating in Automotive Engine Control Systems Market

The global automotive engine control systems market is fragmented with limited players. A few of the key players operating in the global automotive engine control systems market are:

• Robert Bosch GmbH
• Continental AG
• Denso Corp
• BorgWarner
• Hitachi Ltd
• SEDEMAC
• MOTORTECH GmbH
• Liebherr

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