Rising demand for all weather automotive wheel coating in upcoming years

Economic crisis observed in multiple parts of the world is being cited as a key restraint for sales of automotive wheel coatings. High prices of raw materials in Ukraine, rising occurrence of worker agitations across Chinese wheel coating plants, and an overall decline in global production of cars and other automobiles are observed as inhibitors for growth of global demand for automotive wheel coatings. Future Market Insights delivers such pivotal findings in its latest report on global market for automotive wheel coatings, which indicate how the demand for automotive wheel coatings will lose traction in the years to come.

Apropos the report, titled “Automotive Wheel Coatings Market: Global Industry Analysis and Opportunity Assessment, 2016-2026,” the global market for automotive wheel coatings is presently valued at an estimated US$ 524.5 Mn. Apart from economic constraints, the declining sales of cars witnessed across the world is also factoring the dip in demand for automotive wheel coatings. By the end of 2026, the global automotive wheel coating market is anticipated to have soared at just 2.8% CAGR, bringing in a little less than US$ 690 Mn in revenues.

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The report cites that in future, automotive wheel coatings might not be economical for car buyers. Rising prices of coating materials will play a decisive role in adoption of automotive wheel coatings among vehicle buyers. Furthermore, regulations that are curbing the import & export of automotive wheel coatings among several nations will impose a negative impact on the market’s global expansion. Manufacturers of automotive wheel coatings will also face steep challenges while tackling such restraints, and securing marginal profits. Companies such as Cetelon – Baerlacher Group, Akzo Nobel N.V., KANSAI PAINT CO., LTD., PPG Industries, Inc., Arsonsisi s.p.a., Axalta Coating Systems, LANKWITZER PREMIUM COATINGS, Emil Frei GmbH & Co. KG, and TIGER Coatings GmbH & Co. KG are profiled in the report as leading players in global automotive wheel coating market.

Key Highlights of the Report include:

• By the end of 2026, more than 73 thousand tonnes of clear/top coating products are projected to be sold across the globe
• Global demand for primer and base coat products will incur a marginal decline in terms of global value share
• Throughout the forecast period, acrylic enamel will remain a prominent coating chemical, procuring revenues worth over US$ 140 Mn
• While aluminium will be observed as the dominant substrate for automotive wheel coatings, global sales of steel as coating substrate will register growth at 3.2% CAGR
• North America’s automotive wheel coating sales will register a relatively speedy growth, exhibiting a value CAGR of 3.3%
• Passenger cars will account for over one-third of global automotive wheel coating revenues throughout the forecast period
• Demand for automotive wheel coatings will witness an upsurge in Asia-Pacific excluding Japan (APEJ) region, primarily due to surging production of automobiles witnessed in this region
• Towards the end of 2026, more than US$ 500 Mn worth of automotive wheel coatings will be sold through OEMs

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Aftermarket Sales of Automotive Carbon Ceramic Brakes Projected to Uplift the Market

Highly consolidated, the global automotive carbon ceramic brakes market, is dominated by the presence of top 4 players. The automotive carbon ceramic brakes market is highly niche with significant used in sports, luxury, and racing cars. Key factors including growing production of sports and luxury cars, along with major partnerships between automotive OEMs and prominent carbon ceramic brakes manufacturers are projected to drive the demand for carbon ceramic brakes over the forecast period of 2018-2028. Automotive carbon ceramic brakes manufacturers are projected to enhance OEM relationships through establishing brake manufacturing facility along with car production hubs. Rising need for customization and engineering with optional features has further added to the surging demand for automotive carbon ceramic brakes.

In the coming years, the automotive carbon ceramic brakes market is projected to witness growing trend of vehicle customization in developed countries, thereby triggering further adoption of automotive carbon ceramic brakes. A study by Future Market Insights projects sluggish growth of 3% CAGR with overall global consumption standing at 134.3 Mn Units by 2028, with significant sales to OEMs directly. Passenger cars are will witness most deployments of carbon ceramic brakes, with close to 99% share. The market is further estimated to value around US$ 722.5 Mn by 2028.

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Revved up demand for luxury cars equipped with machineries with enhanced safety features catering to demand for high performance vehicles, will add mobility to the automotive carbon ceramic brakes market through 2028. Carbon ceramic brakes help allay heat more efficiently, maintain performance, and prevent deformation, compared to conventional cast iron discs. FMI analysis also indicates that the demand for automotive carbon ceramic brakes is likely to be high in Europe and NAFTA compared Asian countries, owing to high demand for luxury and sports cars in the former regions.

Moreover, automotive manufactures are compelled to reduce the vehicular and components weight to achieve fuel economy, owing to stringent emission regulations in EU and US, thereby pushing the demand for automotive carbon ceramic brakes considering its ability to improve the performance and durability of vehicles. Using carbon ceramics for high-end cars reduces the vehicle’s weight by 20 kg to 22 kg.

However, a key factor restraining the growth of automotive carbon ceramic brakes market is the exorbitant pricing attributable to material composition and manufacturing process associated with ceramic brakes. High market penetration of relatively low cost, but high performing cast iron brakes is also hampering the sales of carbon ceramic brakes. Key manufacturer Brembo S.p.A are collaborating with different companies to make cost efficient carbon ceramic brakes. Moreover, cost is not the only factor restricting the market growth. Inability of carbon ceramic brakes to perform under extreme driving conditions such as racing conditions and extremely cold climates is further expected to hamper the growth of the automotive carbon ceramic brakes market. In terms of composition, rotors and brake pads, wherein brake rotors account for nearly 40%-50% and brake pads account for about 28%-32% of the total cost of the system.

FMI projects that the carbon ceramic brake market is presently in the high growth quadrant. Significant investments are being made by key players in research and development to develop proprietary manufacturing techniques, to further reduce product prices. The market is characterized by high consolidation and major players are struggling to gain notable share of the market.

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Geographically, China is likely to contribute significantly to the revenue of carbon ceramic brakes, considering growing aftermarket sales in the region, recording a substantial double-digit growth in the coming years. Presence of major car manufacturers in Italy and Germany will ante up the sales of carbon ceramic brakes in Western Europe. South East Asia and Pacific and Japan are also projected to follow the same channel route as China, and increase adoption through aftermarket sales. Market players have been channelizing efforts towards strengthening their distribution channels and OEM relationship majorly in North America, Europe, and Japan.

Global Graphite Market to Register a CAGR of 6.7% During 2017 - 2027

Future Market Insights delivers key insights on the global graphite market in an updated version of the report and provides historical market size and volume analysis for the years 2012-2016 and forecast up to 2027. Considering the impact of macro-economic factors, relatively lack-lustre growth in certain key graphite consuming countries, and steel production, among others, the graphite market was valued at US$ 15,763 Mn in 2016, as against a market value of US$ 16,128 Mn estimated in the previous version of the report. The long-term outlook on the global graphite market remains positive, with market value expected to increase at a CAGR of 6.7% during the forecast period 2017– 2027. Among product types, Natural and Synthetic graphite are expected to expand at a significant CAGR in terms of value over the forecast period.

Among applications, the refractories market continues to be the major application area for graphite. However, increasing demand for electric vehicles globally is anticipated to boost the demand for graphite in future. Sales of graphite is estimated to be valued at US$ 16,740 Mn by the end of 2017. Asia Pacific is estimated to account for a value share of 35.8% in the global graphite market by 2017 end and it is anticipated to retain its dominance throughout the forecast period.
Global Graphite Market: Segmentation Analysis

• On the basis of product type, synthetic graphite is expected to dominate the overall graphite market owing to its vast application across key end-use industries. Furthermore, demand for natural graphite is also increasing owing to its increasing adoption in applications such as batteries. Natural graphite segment accounted for 43.3% of the overall volume share in 2016.

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• On the basis of application, the refractories segment is expected to dominate the global graphite market over the forecast period. The segment is anticipated to hold 42.7% of the overall volume share by 2027. The batteries segment is anticipated to be the most attractive segment in the global graphite market with a CAGR of 10.9% over the forecast period.

Global Graphite Market: Regional Analysis

Asia Pacific is expected to dominate the global graphite market throughout the forecast period. The region is anticipated to grow at a CAGR of 8.0% owing to a high demand for graphite related products in the region. Furthermore, increasing demand for electric vehicles, especially in China adds up to the overall high demand for graphite in the Asia Pacific region. North America and Western Europe also account for a significant revenue share owing to a high demand for graphite in automotive applications. Latin America has also shown increasing demand over the past few years. Middle East and Africa is anticipated to show steady growth over the forecast period.

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Global Graphite Market: Vendor Insights

Some of the key players reported in the study of the global graphite market include AMG Advanced Metallurgical Group N.V., Showa Denko K.K., Toyo Tanso Co., Ltd., SGL Carbon SE, Tokai Carbon Co., Ltd, Graphite India Limited, Nippon Carbon Co., Ltd., HEG Limited, SEC Carbon, Limited, Imerys S.A., GrafTech International Ltd., Mersen Group. Fangda Carbon New Material Co., Ltd., Dongguan Kaijin New Energy Technology Co., Ltd., Pingdingshan Oriental Carbon Co., Ltd.

Automated Guided Vehicle (AGV) Market : Case Study and It's Marketing Facts

FMI delivers key insights on the global automated guided vehicle market in its latest report titled ‘Automated Guided Vehicle Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027.’ The long-term outlook on the global automated guided vehicle market remains positive with the market value expected to increase at a CAGR of 10.6% during the forecast period (2017-2027). Among applications, the transportation application is expected to expand at a significant CAGR, in terms of value, over the forecast period. The transportation application segment of the global automated guided vehicle market is estimated to hold than 50% share throughout the forecast period. Among vehicle types, unit load carrier segment is estimated to have accounted for high value share in the global automated guided vehicle market by 2017 end and is projected to be the most prominent vehicle type during the forecast period as well. In this report, FMI throws light on drivers and restraints likely to impact the market during this period.
Growth of End-use Industries to Drive the Automated Guided Vehicle Market
Automotive, mining, construction, waste management and petrochemical industries will create potential growth opportunities for the manufacturers of automated guided vehicles. Construction and industrialization is increasing across the globe and, in turn, is accelerating the growth of the automated guided vehicle market. Expanding petro-chemical and mining industry, especially in Europe and MEA, is expected to propel the demand for material handling solutions. This, in turn, will increase the demand for automatic guided vehicles to facilitate cost-effective movement of materials, provide safety for operators and increase productivity of bulk material handling. The growing waste management industry is also anticipated to add to the growth of the automated guided vehicle market. Increasing awareness among people regarding environment safety is projected to fuel the growth of waste management industry. This, in turn, will push the growth of the logistics industry. Capabilities, such as high load carrying capacity, precision and speed, in the automated guided vehicles will furthermore drive the demand in the market.
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Segmentation Analysis of the Automated Guided Vehicle Market
The automated guided vehicle market is segmented on the basis of vehicle type, navigation technology, application and end user.

• Unit load carriers are projected to continue to lead the market in terms of value over the forecast period. The unit load carrier segment of the automated guided vehicle market is estimated to grow at a significant CAGR over the forecast period. It is expected to represent total incremental opportunity of US$ 453.2 Mn between 2017 and 2027. The pallet truck segment is projected to grow at a relatively high CAGR as compared to other vehicle types over the forecast period.
• In terms of value, the automotive segment is projected to be the most prominent end user in the automated guided vehicle market. The market share of the automotive segment is estimated to be more than 25% in the automated guided vehicle market throughout the forecast period. Apart from the automotive segment, the food & beverage segment is estimated to grow at a significant CAGR of 10.7%, in terms of value, over the forecast period.

Regional Market Projections of the Automated Guided Vehicle Market
The automated guided vehicle market in North America is expected to represent significantly high incremental opportunity between 2017 and 2027. The market of automated guided vehicles in North America is expected to represent total incremental opportunity of US$ 587.6 Mn between 2017 and 2027.
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Automated Guided Vehicle Market Participants
The report highlights some of the top companies operating in the automated guided vehicle market, such as Murata Machinery, Transbotics Corporation, JBT Corporation, Seegrid Corporation, Kuka AG, BEUMER Group GmbH & Co. KG, Oceaneering International Inc., S.A, Bastian Solutions, Inc., Omron Adept Technologies, Inc., Mecalux, AGVE Group, Inc., Toyota Industries Corporation, E&K Automation GmbH, SSI Schaefer, Daifuku Co., Ltd., Robotnik, Kion Group AG, Cassioli Srl, AVT Europe NV, and Kollmorgen.

Global Automotive Interior Leather Market Analysis and Forecast

Leather used in car and vehicle interiors continues to be sourced from the hide produced as a by-product of processed meat. Advanced meat processing techniques and a rise in vegetarianism witnesses across the globe are factoring the dip in production of leather from animal hides & pelts. Leather car interiors are gradually losing their momentum in the global automotive industry as more and more automakers are opting for synthetic fabrics as alternative for leather materials. A recent study conducted by Future Market Insights projects that between 2016 and 2026, global revenues amassed from sales of automotive interior leather will grow steadily, registering a modest CAGR of 5.2%. 

Apropos the study, surging preference of global automobile manufacturers to cheap and easily available synthetic fabrics as substitute for leather will continue to be a major growth inhibitor for global automotive interior leather market. Nevertheless, growing preference to synthetic leather will continue to help the market gain a balanced growth over the forecast period. According to Future Market Insights, the global market for automotive interior leather, which is presently valued to be an estimated US$ 25.6 billion, is expected to reach US$ 42.5 billion value by the end of 2026. On the basis of materials, global consumption of synthetic leather over genuine leather will continue to gain traction, accounting for nearly 60% share of global revenues through 2026.

Higher Demand for Leather in Upholstery of Vehicle Interiors

According to the study, the presence of leather materials in the interior of an automobile will continue to be majorly concentrated in its upholstery. Consumers and vehicle owners will continue preferring leather for their car interior upholsteries. In 2016, nearly 670,000 thousand square meters of leather in the world was used for automotive interiors. About 30% of this was accounted by upholstery applications, followed by headliners, which procured over US$ 5 billion global revenues in 2016. Likewise, global revenues accounted by sales of automotive interior leather in production of floor & trunk carpet will also incur a healthy growth, increasing steadily at an estimated 5% CAGR over the forecast tenure.

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Leather Remains Prevalent in Interiors of Compact & Mid-Sized SUVs
Passenger cars such as SUVs and sedans continue to be the largest end-user vehicle of automotive interior leather. Passenger car manufacturers from around the world will continue to promote the use of leather over other materials. In 2016, more than 500,000 thousand square meters of automotive interior leather was consumed for interiors of passenger cars. Global revenues accrued from sales of leather in manufacturing interiors of compact and mid-size SUV are expected to grow at a healthy CAGR of more than 5% through 2026. On the other hand, revenues accounted by light-weight commercial vehicles (LCVs) and heavy commercial vehicles (HCVs) are anticipated to increase at a sluggish rate.

GST AutoLeather Inc., Leather Resource of America, Inc., and Eagle Ottawa Inc. are US-based manufacturers of automotive interior leather, which are also recognised as industry leaders in the global market. Owing to such companies, North America will continue to hold more than 15% share of the global automotive interior leather market throughout the forecast period. Western Europe is also expected to be observed as dominant region, primarily for the presence of leading automotive interior leather manufacturers such as Scottish Leather Group Limited, WOLLSDORF LEDER SCHMIDT & Co. GmbH, Bader GmbH & Co. KG, BOXMARK Leather GmbH & Co KG, and Elmo Sweden. With more than 35% revenue share and key contribution from Malaysia’s D. K. Leather Corporation, Asia-Pacific excluding Japan (APEJ) region will remain the most-lucrative and largest region in the global market for automotive interior leather.

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Key Trends Impacting the ASEAN Automotive Aftermarket

In Future Market Insights’ market report titled, “Automotive Aftermarket: ASEAN Industry Analysis and Opportunity Assessment, 2016-2026”, poor road infrastructure and extended vehicle life have been identified as profitable factors for the growth of the automotive aftermarket in ASEAN. On account of growing out-of-warranty car parc, the US$ 19.3 Bn ASEAN automotive aftermarket is predicted to surpass US$ 48 Bn in revenues by 2026 end, increasing at a healthy CAGR of 9.6% through 2026.

Key Trends in Automotive Aftermarket: Growing popularity of new, lightweight vehicle models. Advances in OEM technology and OEM globalisation. Adoption of remote vehicle diagnostic systems, growing awareness about self-inflating tyres, and widespread acceptance of electric vehicle technology. Online sales of automotive parts and accessories. Establishment of franchises in emerging countries, especially those where vehicle parc is steadily gaining traction.

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Segmentation Highlights: Tyres Will Remain Highest Selling Parts; Indonesia to Remain the Largest Market

By type, tyres will continue to account for the largest revenue share. In the accessories segment, the interior accessories segment – which includes steering wheels, seat covers, seat belts, liners, floor mats, liners, gauges, dash boards, and shift knobs – will reportedly hold a major share of over 66%, crossing a value of US$ 9.0 Bn by 2026 end.
By service, general automotive repair is estimated at over 86% value share during the forecast period, maintaining dominance over automotive transmission repairs. By vehicle type, passenger cars will continue to attract higher revenues compared to commercial vehicles. Indonesia will remain the largest market accounting for 35% revenue share of the market in 2026. Thailand and Malaysia, the other key markets will collectively account for over 50% revenue share of the market.

Fundamental Shift in Consumer Preference and Driver’s Choice Will Impact the Market

With driverless car technology and dashboard pyro techniques steadily gaining traction, consumers are likely to have more aftermarket channels to shop. Consumer behaviour is expected to shift from a conventional way of buying vehicle parts, accessing repair services, and selecting accessories. Moreover, evolving driver preferences also reflect a new set of revenue generation opportunities for automakers, auto part suppliers, repair shops, and accessory retailers. Consumers are increasingly becoming aware of the latest launched products and thus, will access a plethora of aftermarket product offerings to cater to their comfort, aesthetics, and infotainment-related requirements.

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Key Players Focussing on Boosting Expansion Capacity

The key players highlighted in the ASEAN automotive aftermarket include Denso Corporation, Hella KGaA Hueck & Co., Continental AG, Delphi Automotive PLC, ACDelco, Faurecia SA, Magneti Marelli SpA, Robert Bosch GmbH, Aisin Seiki Co., Ltd., and Bridgestone Corporation. Bridgestone, one of the top companies, announced expansion of its international manufacturing capabilities in Germany this year. Post-acquisition of Speedy France, the company also launched a new manufacturing plant based in Indonesia. Continental AG also opened its new production plants in India and China this year.

Global Automotive Wiring Harness Market to Reach US$ 91.53 Bn by 2025

Future Market Insights (FMI) recently announced the release of its report titled “Automotive Wiring Harness Market: Global Industry Analysis and Opportunity Assessment 2015-2025”. According to the report, the global automotive wiring harness market was valued at US$ 36.82 Bn in 2014 and is anticipated to reach US$ 91.53 Bn by 2025, expanding at a CAGR of 8.7% throughout the forecast period. Automotive Wiring Harness Market: Drivers and Restraints

The global automobile industry registered an annual growth rate of over 5.5% from 2010 to 2015, and is estimated to be valued at US$ 5.1 trillion by end of 2015. Consistent growth in the parent industry is expected to fuel demand for automotive wiring harness in the near future. Currently, increasing fuel costs and stringent government regulations regarding CO2 emissions are boosting demand for electric vehicles in regions such as North America, Western Europe, Eastern Europe and Asia Pacific. Request Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-37 Governments across various geographies have mandated use of certain electronic safety features such as Anti-Lock Braking System (ABS), Electronic Stability Program (ESP) and other features in both passenger and commercial vehicles. Furthermore, rise in demand for high-end electronics and safety features in vehicles, particularly passenger cars, along with cost reduction and enhanced reliability is leading to increase in global demand for automotive wiring harnesses. Automotive Wiring Harness Market Trends Use of automotive Ethernet by automotive OEMs represents a new trend in the external as well as internal electronics devices connectivity in an automobile. These automotive Ethernets minimise the use of complex wiring harness structures to a great extent and, thereby, may act as a restraint for growth of the global automotive wiring harness market in the coming years. Rise in technological developments is expected to create favourable growth opportunities in the market in the near future. Growing demand for connectivity and car digitisation, which not only helps establish connectivity within the integral parts of a vehicle but also enables communication with other vehicles through improved and intelligent roadway infrastructure, is an emerging trend in the market. Automotive Wiring Harness Market Segmentation Region-wise, APEJ (Asia Pacific Excluding Japan) dominated the global automotive wiring harness market in 2014, accounting for 38.3% value share of the overall market. Furthermore, APEJ is foreseen to expand at a relatively high CAGR of 10.4% during the forecast period and is expected to maintain its revenue share dominance till 2025 end. Rise in automotive production and sustained economic growth are some of the factors driving the APEJ automotive wiring harness market currently. North America and Western Europe are expected to register high Y-o-Y growth during the forecast period, owing to increasing demand for e-vehicles and e-bikes in these regions. Growth of the connected car market has resulted in rise in demand for multiple electronic devices in vehicles in North America and Western Europe. Japan is currently witnessing moderate growth in demand for e-bikes, and the trend is expected to continue during the forecast period as well. The Japan automotive wiring harness market is expected to register a sluggish CAGR of 4.0% during the forecast period, due to the matured automotive industry in the country. On the basis of vehicle type, the passenger vehicles segment dominated the global automotive wiring harness market in 2014 in terms of revenue, and is foreseen to expand at a CAGR of 8.6% during the forecast period. In terms of revenue, the hybrid vehicles and electric vehicles segments are expected to register significant CAGR between 2015 and 2025, in view of the stringent government regulations and growing fuel prices globally. On the basis of application type, the chassis & safety segment dominated the global automotive wiring harness market in 2014 in terms of revenue, accounting for 40.8% share of the overall market. This segment is expected to lose its market share to the HVAC segment, which is projected to expand at a significant CAGR of 10.1% during the forecast period. Furthermore, HVAC manufacturers are designing new eco-friendly devices in order to follow the environment standards along with introducing new innovating designs. Request to View TOC @ https://www.futuremarketinsights.com/askus/rep-gb-37 Automotive Wiring Harness Market: Key Companies Key market players covered in the report include YAZAKI Corporation, Aisin Seiki Co., Samvardhana Motherson Group (SMG), Delphi Automotive PLC, Fujikura Ltd., Sumitomo electric Industries, Ltd., Lear Corporation, LEONI AG, Furukawa Electric Co., Ltd. and PKC Group PLC.

Oil & gas segment is anticipated to witness moderate growth in the North America positive displacement pumps market

With centrifugal pumps having a high volume-high growth market, compared to positive displacement pumps, their superior performance characteristics and extended scope of end-use applications makes them a preferred choice for pumping purposes. In terms of product costs, centrifugal pumps are relatively inexpensive as compared to positive displacement pumps. A latest report published by Future Market Insights also projects that in the years to come, the global sales of positive displacement pumps will be relatively less than that of centrifugal pumps.

According to the report projections, nearly 3 million positive displacement pumps were sold in the world in 2016. By the end of 2026, global sales of positive displacement pumps are expected to surpass 4.2 million units, registering a moderate growth at 3.3% CAGR. During the same forecast period, the report anticipates the global positive displacement pump market, which is presently valued at US$ 2,212.5 Mn, to soar at 4.2% CAGR and bring in close to US$ 3,500 Mn in revenues. The report has profiled companies such as – Dover Corporation, KSB AG, Flowserve Corporation, Sulzer AG, Ebara Corporation, Xylem Inc., Ruhrpumpen Group, Grundfos, The Weir Group PLC, and WILO SE – as leading manufacturers of positive displacement pumps in the world.

Future Market Insights’ report on global positive displacement pump market also observes the market’s saturation in conventional end-use industries as one of its major growth restraint. Pumps designed for high efficiency are expected to garner great demand, hindering the sales of positive displacement pumps due to low product replacement rate amongst end-users. The marginal decline of pump sales caused by this is lowering the outcomes from OEMs and aftermarket sales channels.

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Moreover, moderate growth in conventional end-use industries such as chemicals, food & beverages, mining etc. has generated insignificant demand for positive displacement pumps. Nevertheless, growing water & wastewater treatment sectors in various parts of the world, expansion of power generation industry, favourable government directives, and sustaining demand for pumps in oil & gas industry are factors compiled the report as key drivers for growth of global positive displacement pumps market.

Key Highlights of the Report include

Demand for rotary pumps is projected to remain considerably lower than reciprocating positive displacement pumps, as the latter will procure over 70% stake on global revenues through 2026.

Among reciprocating pumps, demand for low-capacity and medium-capacity pumps will remain high, exhibiting growth at 4.5% CAGR and above

In 2016, the global market for positive displacement pumps recorded global sales of over 630,000 low-capacity rotary pumps

Throughout the forecast period, oil & gas will remain the largest application of positive displacement pumps, procuring nearly US$ 830 Mn in revenues by 2026-end

Application of positive displacement pumps in water and wastewater treatment plants will also be considered lucrative growth opportunity in the years to come

With a little over 23%, North America’s positive displacement pumps market will be among the leading regional markets in the world

Europe will also be at the forefront, but the region’s share on global revenues will wane towards the latter half of the forecast period

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Asia-Pacific excluding Japan (APEJ) region is being projected as the largest market for positive displacement pumps, procuring over 26% share on global market value and registering fastest revenue growth at 4.7% CAGR during the forecast period

Power Transmission Sector is Primary Contributor in the Growth of Global Shunt Reactor Market

According to a recent market report published by Future Market Insights titled, “Shunt Reactor Market: Global Industry Trend Analysis and Opportunity Assessment, 2016–2026” the global shunt reactor market was valued at US$ 1,996.9 Mn in 2015, and is expected to register a CAGR of 8.6% from 2016 to 2026. Emergence of micro grids and interconnection of local and regional grids are the major factors expected to drive the growth of the global market for shunt reactor.

Shunt reactors are mainly used in electrical networks to control and stabilize voltage fluctuations along the distribution line and absorb the reactive power. Shunt reactors can also be used in simple AC lines as these lines generate more than 20 times the reactive power than the overhead lines. Shunt reactors are mainly used by the power supply companies operating within a specified region.

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Emergence of IoT and smart grid projects is expected to play a crucial role in the growth of the global shunt reactor market. Deployment of new technology platform-enabled infrastructure has resulted in development of smart grids, especially in developed countries. Also, governments across the world are particularly investing in infrastructure projects, in order to increase their economic growth. Energy-related projects are the essential part of infrastructure, hence increasing number of infrastructure-related projects is consequently expected to drive the growth of the global shunt reactor market.

The governments across the world are focusing on renewable energy projects, as they are environment friendly and can provide long-term sustainable solutions. Under the global energy efficiency programs, most of the governments across the globe have initiated regulations, policies and plans to set up energy plants to harness renewable sources of energy, such as wind and solar. This is placing new demand for transmission and distribution networks. The global shunt reactor market is witnessing cascading effects of these developments.

The shunt reactor market is classified on the basis of product, phase, rating, application, and region. On the basis of product, the shunt reactor market is segmented into air-core dry type and oil immersed. Air-core dry sub-segment is projected to register a CAGRs of 9.2% and 7.6%, in terms of value and volume, respectively, during the forecast period.  The single phase shunt reactors segment is expected to register value and volume CAGRs of 8.9% and 7.4%, respectively, during the forecast period. In terms of value and volume, the three phase shunt reactors was the dominant segment in the global shunt reactor market in 2015.

On the basis of rating, the shunt reactor market is segmented into fixed shunt reactor and variable shunt reactor. The fixed shunt reactor sub-segment accounted a high value share of 81.3% in 2016. The variable shunt reactor sub-segment is expected to register a healthy CAGR of 10.1% and 8.5%, in terms of value and volume, respectively, during the forecast period.

On the basis of application, the shunt reactor market is segmented into residential and industrial. The industrial sub-segment accounted a high value share of 65.0% in 2016.

This report also covers drivers, restraints and trends driving each segment and offers analysis and insights regarding the potential of the shunt reactor market in regions including North America, Western Europe, Eastern Europe, Latin America, Asia Pacific excluding Japan, Japan and Middle East and Africa. Among these regions, North America shunt reactor market accounted a large share in the global shunt reactor market 2015. APEJ shunt reactor market is expected to register a healthy CAGR of 10.4% and 8.4%, in terms of value and volume, respectively, during the forecast period.

Examples of some of the key competitors operating in the global shunt reactor market are ABB Ltd., Fuji Electronic Co., Ltd., General Electric, Hyosung Corporation, Nissin Electric Co., Ltd., Zaporozhtransformator PJSC, Siemens AG, and Toshiba Corporation.

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