TECHNOLOGY FACTS

Food Vacuum Drying Machine Market Qualitative Analysis Reveals Amazing Growth

With customized specifications enhancing the product appeal, customized food vacuum drying machine is recording striking demand. Across both developing and developed territories, customized food vacuum drying machine is witnessing a widespread acceptance. In addition to that, multiplying count of food processing industries and their production threshold are collectively fuelling the adoption of food vacuum drying machine. Growing fad for processed foods is also foreseen to supplement the demand for customized food vacuum drying machine, thereby boosting growth of the food vacuum drying machine market. Various industries such as food powder, coffee, fruit and vegetable, flavor, and many more are predicted to stay at the forefront of the food vacuum drying machine market.

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Growth of the food vacuum drying machine market is significantly influenced by quality retention, which stands out as a major area of concern in the food industry. On the backdrop of regulations enforced on product quality and pertinent specifications, the manufacturing processes are being closely scrutinized. The products provided by the food industry are heat-sensitive, which entails the requirement for a suitable ecosystem for drying. Based on the aforementioned requirement, food vacuum drying machine equipped with advanced features are considered suitable for drying purposes in food industry, primarily for unit operations such as separation and purification. Proliferation of food industry complemented with development in production facilities have led to heightening demand for food vacuum drying machine. This, in turn, has paved remunerative avenues for food vacuum drying machine market. The food vacuum drying machine market is all set to embark on a journey of prosperity with mushrooming number of projects lined up in the food industry.

Burgeoning and persistent production of dried food rather than production of food in batches is the latest trend in the food vacuum drying machine market. This also implies that the continuous vacuum freeze belt dryers available in the food vacuum drying machine market will witness spike in sales and the demand is not going to slow down anytime soon. The key move by the manufacturers operating in the food vacuum drying machine market will be introducing more number of continuous vacuum freeze belt dryers for gaining attention and amplifying sales. Both in terms of value and volume, continuous vacuum freeze belt dryer is envisioned to hold supremacy in food vacuum drying machine market for the forecasted timeline.

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Some of the leading players vying to enhance their portfolio have introduced and marketed superheated steam food vacuum drying machine in the wake of rising demand for intended drying applications across a myriad of industries. Deliberate strides to move away from conventional drying processes to advanced equipment such as food vacuum drying machine have further picked up the steam owing to high operational costs involved. This have opened up ways for improvement of drying process economics and looking for alternate ways with lower cost inclusions. Owing to the above considerations, manufacturers are all set to forge ahead with use of steam as a convenient alternative for drying, such as food vacuum drying machine, instead of using air. Moreover, the biggest advantage in favor of superheated steam food vacuum drying machine is the closed loop operation involved, which recovers about more than half of the energy. Other benefits such as high pace of drying, curtailing of equipment capital cost, lesser impact on environment, and ease of recovery is making superheated steam food vacuum drying machine one of the most sought-after variant in the market. Economic imbalance and volatility in industrial automation sector might thwart the growth of food vacuum drying machine market; however, the long-term outlook seems promising.

The key attraction of this report is the holistic analysis of the vacuum food dryer market backed with corresponding revenue anticipations in the form of absolute dollar opportunity. When the absolute dollar opportunity is overlooked occasionally, it is highly critical for evaluating the level of opportunity which a manufacturer can look forward to. Moreover, it also helps to identify the potential fragments, from a sales perspective, in the food vacuum drying machine market. The report includes market attractiveness index to establish in-depth understanding of chief segments with respect to their growth and performance rationalities. This, in turn, helps the manufacturers to identify the existing opportunities prevailing in the food vacuum drying machine market.

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Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

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Portable Tools Market is Likely to Experience a Tremendous Growth During 2018-2026

“Portable Tools Market Forecast, Trend Analysis & Competition Tracking – Global Review 2018 to 2026” is a comprehensive source of information and insights for stakeholders not only in the portable tools landscape, but also in the broader industrial and residential tools landscape. The exhaustive study offers qualitative and quantitative insights, spread over 19 chapters and 426 pages. Market forecast is offered in terms of value (US$ Mn) and volume. Stakeholders in the portable tools market can expect a wealth of information, including but not limited to macro-economic analysis, market volume projections, impact analysis, historical analysis, comprehensive segment-wise forecast, market attractive index by segments, regional & country-wise outlook, and in-depth competitive profiling.

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The report offers market forecast and analysis on the basis of category, end use, sales channel, and region. The categories of portable tools analyzed in the study include hand tools, power tools, garage tools, lighting tools, and personal protective equipment (PPE). The end uses of portable tools have been analyzed in industrial, commercial, and household & DIY settings. The key sales channels analyzed in the research report are distributor sales, retail outlets, and online sales.

The exhaustive market research study tracks the portable tools market across North America, Latin America, Europe, South East Asia and Pacific, Middle East & Africa (MEA), China, and Japan. In addition to offering broader region-wise forecast, the research study also analyzes the market in key countries of US, Canada, Germany, France, U.K. Spain, Italy, India, Indonesia, and Malaysia.

Note: The report offers comprehensive forecast and analysis on sub-segments in the portable tools market, including screw drivers, hammers, drills, impact wrenches, etc.

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Portable tools sales are significantly impacted by macroeconomic factors, most notably, GDP, urbanization, economic growth, and industry value. According to OECD, world real GDP has shown a consistent surge since 2016, and the ascendancy is likely to be sustained in the long run. According to United Nations Department of Economics and Social Affairs, 68% of world’s population will live in urban areas by 2050, up from 55% currently. The direct co-relation between macroeconomic growth and portable tools sales is likely to augur well for the stakeholders in this market. The steadiness in automotive sales, especially in North America and Asia Pacific, and the long-term positive outlook on the automotive industry is likely to create opportunities for portable tool manufacturers. Growth in automotive sales directly impacts investments in repair and maintenance tools, especially among garage owners.

Sustained demand from metal fabrication industry has traditionally offered support to global portable tools sales; the status quo is unlikely to change over the course of the forecast period. The metal fabrication industry is likely to maintain its y-o-y growth rate of over 2% in the long term. Demand for specialized tools that do not pose challenges in terms of inventory and storage overheads is likely to augur well for the growth of the market.

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Polypropylene Woven Bags and Sacks Market Prospects Outlook 2018-2028 and Top Key Players

The global market for polypropylene woven bags and sacks market was valued at US$ 3,421.5 million in 2017. The market is expected to expand at a CAGR of 4.2% over the forecast period, 2018-2028.

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Polypropylene woven bags and sacks are 100% reusable and non-toxic. Polypropylene woven bags and sacks find applications in various end use industries. Agriculture product packaging, food packaging, geotechnical packaging, tourism and transport, daily necessities, flood control products are some of the prominent applications of polypropylene woven bags and sacks. On the basis of bag type, the polypropylene woven bags and sacks market is segmented into valve bags, gusseted bags, block bottom bags, pinch bottom bags, open mouth bags and others.

The polypropylene woven bags and sacks market is segmented into laminated polypropylene woven bags and non-laminated polypropylene woven bags. The laminated polypropylene woven bags and sacks market is further sub segmented into Kraft paper laminate and BOPP Laminate. On the basis of end use, the polypropylene woven bags and sacks market is segmented into building & construction, agriculture & allied industries, food, retail and shopping and others.

The demand for polypropylene bags and sacks from the cement industry has increased significantly in the last few years, due to increase in urbanization and growth in the industrial sector. Multinational companies are eyeing the Middle East region in anticipation of increased demand from the building & construction industry. The cement industry in Saudi Arabia is expected to grow at an annual average rate of the 10-12%, during 2014-2020.

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Steady increase in the cement industry will increase the demand for its packaging, and in turn, polypropylene woven bags and sacks. Polypropylene woven bags & sacks offer optimum strength and good material handling during transportation and shipping. They are highly preferred for cement packaging. In recent years, it has been noticed that the number of polypropylene woven bags & sacks manufacturers for industrial applications has increased dramatically. For example, Cement Product Industry Co. Ltd has achieved strong growth within a short span of time. The company serves packaging needs of the major cement industries in the GCC region.

Moreover, the demand for polypropylene woven bags & sacks is very high in Saudi Arabia and UAE region due to large scale industrial development in this region. Both of these countries account for a large market share of the cement industry in the region. With the increase in cement production by cement manufacturers, the demand for polypropylene woven bags and sacks is expected to rise. In addition, there is a great demand for Polypropylene bags and sacks from the cement industry in emerging economies such as China and India, which is expected to significantly contribute to the growth of the overall market.

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Evaporative Air Coolers Market Witness Highest Growth in near future

Evaporative air coolers incorporate evaporative cooling and are used to lower temperatures in the areas where these are installed, thereby finding widespread adoption in both indoor and outdoor applications across the global residential and commercial sector. Over the years, the demand for evaporative air coolers has witnessed a surge owing to several factors. Global warming is one of the main factors fueling growth in demand for evaporative air coolers. Rising temperatures across the world have necessitated the adoption of evaporative air coolers to lower the temperature by converting water to vapor using thermal energy, thereby cooling the surrounding atmosphere. An increased adoption of home cooling appliances is further augmenting sales revenue in the evaporative air coolers market. Structured and consistent product innovation is creating newer and more lucrative opportunities for manufacturers of evaporative air coolers.

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Over the years, consumer spending capacity on luxury items has increased owing to an increase in the disposable income and the resultant shift to a luxury lifestyle. This has led to a rise in demand for evaporative air coolers by most sections of the society. Being a highly competitive market, top companies operating in the market for evaporative air coolers are engaging in mergers and acquisitions to cement their position in the evaporative air cooler market.

While traditional retail channels continue to remain a preferred sales and distribution channel, the advent of e-commerce and digital platforms is anticipated to create newer avenues for manufacturers and distributors of evaporative air coolers to sell their products to an expanded consumer base. Sustainable and energy saving evaporative air coolers are in high demand today owing to the global emphasis on sustainability and green initiatives.

Asia and the Middle East have witnessed substantial climate change in the last few years, thereby impacting the lives of people living in these regions. This has increased the demand for air cooling systems in both the commercial as well as the residential sector. There is also a strong awareness of the use of sustainable products in these regions. Evaporative air coolers offer natural and energy saving solutions that are also cost effective. This has resulted in an increased demand especially from the rising middle class in these regions. Several domestic manufacturers operating in the Asian and Middle Eastern markets are slowly expanding their brands in the international market as well, thereby broadening the scope for exports of evaporative air coolers.

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The global focus on sustainability has resulted in the adoption of green products and green energy solutions across various commercial establishments especially in the developed countries of Europe. Top manufacturers and suppliers of air cooling systems in Europe are increasing their production capacity to cater to the rising demand from various sectors. The groceries and general merchandise sector in Europe showcases increased demand for energy efficient air cooling systems and the adoption of evaporative air coolers in this sector has witnessed a spur in the European market in the last few years. Demand for evaporative air coolers across the retail and other key sectors in Latin America is also on the rise, owing to the growing preference for a cooler working environment in commercial establishments in the region.

Window air cooling systems and industrial evaporative air coolers are becoming increasingly popular across the world with expanding usage in diverse commercial and residential establishments. This demand surge has pushed manufacturers to innovate in terms of their product offering to attract and retain their customer base. Product innovations govern the basic landscape of the evaporative air cooler market and manufacturers are leveraging advanced technologies to beef up their product suites.

Technology such as IoT has also found its way into air cooling systems and new, smart evaporative air coolers are being launched in the market. Also, state-of-the-art evaporative air coolers that allow users to customize the cooling output are finding more number of takers in the international market, as these evaporative air coolers are also an environment friendly alternative to traditional air conditioners. IoT enabled evaporative air coolers incorporating smart sensors that optimize humidity, temperature, and fan speed based on the condition of the existing installation environment are also in great demand in both the residential and commercial sector. Several wall mounted evaporative air coolers without outdoor units are also witnessing increasing demand, as these air coolers deliver enhanced value to customers without taking up floor space unlike traditional air conditioners.

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Pallet Trucks Market: Development of Advanced Application-Specific Product Variants Bolstering Growth

Current innovation areas of pallet truck manufacturers include basic components such as wheels, with several models being equipped with polyurethane wheels to enable silent running, improved grip, and higher protection against smooth & delicate floors. Several types of pallet trucks, along with relevant equipment, are benefitting from latest innovations in the heavy-duty construction equipment with regard to durability and safety. A recent Fact.MR study projects the pallet trucks market to reflect an impressive 6.03% value CAGR during the forecast period, 2018 to 2028.

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Pallet trucks have gained paramount importance across industries worldwide, as they save precious man hours and expenditure on labor wages regarding movement & storage of pallets. This further enables industries to focus their manpower more on core responsibilities. Pallet trucks have been renowned as a cost-effective, versatile, and user-friendly alternative to other relevant equipment such as forklifts. Pallet trucks have demonstrated continuous safety, practicality, and durability improvements in the recent past.

Numerous advanced pallet trucks’ availability across the globe have driven their demand across industrial sectors, with focus toward production evolving in tandem with application areas. Manual stackers, for instance, demonstrate increased demand in safe, quick, and convenient lifting & transportation of palletized loads. High-lift pallet trucks have been developed, which incorporate features such as lateral stabilizers and telescopic jacks, thereby enabling automatic speed decline to prevent damages to heavy cargo.

Ever-growing development of the electric hydraulic technology is currently leading the pallet truck advancements beyond transportation of heavy goods toward prevention of musculoskeletal injuries in the material handling industry. Modern day pallet trucks, through combination of hydraulic and electric technology, are being motorized for enabling effective lifting & transportation of heavy stacked pallets. Additionally, novel safety features in these powered pallet trucks, such as dead man’s switch, enable taking necessary actions such as halting the machine during emergency situations.

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Over the past few years, warehouses have witnessed development in several ways, ranging from function to form. Constant transformation in warehousing is considered to be a consequence of changing procurement, distribution, and production methods. New lease of life is being beguiled by the warehousing industry, which is gaining popularity as the end-customer distribution platform, disregard of just-in-time methods being used.

The need for optimal warehousing has elucidated the imperativeness of technologically-advanced material handling equipment such as pallet trucks. Growing consumer preference for online shopping has bolstered growth of ecommerce, thereby leading to rising number of warehouses. Expanding warehouse spaces for shipment of products has furthered the adoption of pallet trucks, which facilitate movement and storage of goods.

Automatic guided vehicles (AGVs) are controlled from outside and confined to programmed movements. A typical automatic guided pallet trucks employed in warehouses trail a programmed or pre-fixed route, and are unable to navigate around barriers or obstacles. Requirement of human intervention for clearing obstacles and restarting the equipment have led manufacturers to concentrate on advancements and upgradation in these pallet trucks.

Raymond’s Courier, Linde’s T-Matic, and Yale’s Driven by Baylo are key developments made in automatic guided pallet trucks that go beyond functioning of AGVs, moving independently around warehouses for lifting & storing pallets. A wide range of technologies, such as vision guidance systems, lasers, and GPS, are being incorporated in pallet trucks by manufacturers, enabling the equipment in mapping and navigating their environment. Such developments will significantly rub off on demand for pallet trucks in the near future.

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Aluminium Foil Packaging Market – Rigid Non-Compartmental Trays to Emerge as the Highly-Preferred Product

According to latest report on the global market for aluminium foil packaging by Fact.MR, the market is expected to see steady growth in terms of value, registering a CAGR of 5.1% between 2017 and 2026. More than 10 million tons of aluminium foil packages are expected to be sold by the end of the forecast period. Aluminium foil is also considered as a key material for packaging food products. Hence, manufacturers are working on developing innovative aluminium foil packaging technology. Aluminium foil containers are also being used to keep wine and fruit juices for a long period of time at room temperature.

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Unrivaled barrier properties for aluminium foil exclude moisture, light, microorganisms and other gases making it a suitable material for food packaging and pharmaceutical packaging. Aluminium foil containers are also gaining popularity in the food industry. Manufacturers are also developing aluminium foil packaging for pharmaceutical packaging that can be easily coated, laminated, and cold-formed. As per the requirement of the product to be packed in the aluminium foil, companies are developing aluminium foil bags, containers, and other such products. However, easily torn, low intensity, are hampering the demand for aluminium foil. Hence, manufacturers are researching on developing durable aluminium foil packaging for various application.

Compared to various types of aluminium foil container products, rigid non-compartmental trays are likely to be a highly preferred product in the global aluminium foil containers market. Aluminium is an excellent conductor of heat, hence, aluminium foil trays are being used to reheat the food in the microwave.

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Rigid non-compartmental trays are also finding large application in food catering, bakery industry as a direct baking tray. These rigid non-compartmental trays are also witnessing increasing demand from food outlets to be used as take-away containers. Manufacturers are also producing non-compartmental aluminium foil trays in various shapes and sizes as per the requirement. This helps in eliminating wastage and limited use of raw material, thereby saving the cost.

Aluminium foil packages are being used in frozen food packaging, pharmaceutical packaging, bakery product packaging, household product packaging, etc. However, these containers are being used on a large scale in food service packaging. Offering unique packaging style and a wide variety of sizes, aluminium foil containers are able to hold any type of food. Hence, are being used in food service business. Manufacturers of aluminium foil packaging are offering foil cups, foil plates, foil bowls, and microwave safe containers made of aluminium foil for the food service industry. Also, with the growing trend of on-the-go food, the demand for lightweight and easy to carry food packaging is also rising, thereby driving the demand for aluminium foil packaging.

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Geographically, Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global aluminium foil packaging market. By 2026 end, APEJ is estimated to surpass US$ 7,800 million revenue. While Europe is also likely to witness impressive growth throughout the forecast period.

Meatainers for Beef and Chicken Packaging to Represent Half of Global Market Volume

Adequate packaging has a momentous impact in the processed and raw meat production industry as containers storing the meat are designed to prevent secondary contamination and deliver uncompromising rigidity. These “meatainers” are widely observed as stiff and large corrugated cardboard boxes that store meat for transportation from manufacturing unit to processing unit. Concurrent to the rising consumption of meat, the demand for meatainers has witnessed an extensive growth in the recent past. Leaders in the packaging industry are extending their product lines and foraying into the global meatainers market by offering heavy duty containers over a range of dimensions and meat storage requirements.

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Fact.MR’s take on the future of the global meatainers market expects a moderate growth in the coming years. While meatainers will remain a key commodity in meat & poultry packaging vertical, manufacturers fail to increase their profitability across these products. High strength and durability of meatainers is lowering their sales by exhibiting a low replacement rate. It has been estimated that by the end of 2026, nearly 500,000 tons of meatainers will be sold worldwide in the meat production & processing industry. The report further assesses that the global meatainers market will reflect moderate expansion at a CAGR of 4.9% in terms of value over the forecast period, 2017-2026.

The study foresees a predominant use of meatainers in the packaging of raw beef and chicken. Through 2026, more than 50% of meatainers sold in the global market will used in packaging of chicken and beef. In order to keep the freshness of chicken and beef intact, manufacturers are using block-bottomed liners and specialty tape integrated banding in the manufacturing of corrugated boxes. Manufacturers are also increasing the security features by using high performance adhesive tapes, thereby lowering the risks of contamination. Such meatainers are also witnessing a growing use in pork packaging. The report estimates that the sales of meatainers for pork packaging will reflect a steady volume CAGR of 5.2% over the forecast period.

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While meatainers are predominantly sold offline, soaring penetration of online vendors in the packaging landscape have diversified the traditional sales avenues for meatainers. In 2017, nearly 280,000 tons of meatainers were sold offline across the globe. Over the forecast period, online sales of meatainers are pegged to register rapid growth by reflecting a 6.1% CAGR in terms of volume. Prominent packaging companies such as Abbe Corrugated Pty. Ltd, Amazing Packaging Supplies, Orora Limited, Lyburn Supplies, Heathpak Ltd., Packaging Corporation Of America, WestRock Company, Smurfit Kappa Group PLC, DS Smith and International Paper Co. are active participants in the global meatainers market, capturing opportunities to soar and congruently balance the online and offline sales of their products. Furthermore, companies namely, Industrial Packaging Corporation, CoolSeal USA, Charta Packaging, Austcor Packaging

Standard Meat, Kruger Packaging, Robert Mann Packaging, Cano Container Corporation, Star Box Inc., Crown Packaging and Norampac Inc. are also viewed as key players in global meatainers manufacturing landscape. Their contribution to the expansion of the global meatainers market will be instrumental in the foreseeable future.

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Chemical Tanker Market Explores by Company, Region, Application, Industry Trends & Forecast to 2027

The global chemical tanker market is witnessing continued improvements according to Fact.MR on the backdrop of increasing overall seaborne trade and rising overall fleet of key operators. The size of the global chemical tanker market is expected to reach nearly USD 5 billion in 2019, whereas, the global chemical tanker shipping industry is expected to reach more than US$ 28.5 Bn in 2019. High concentration of chemical manufacturing industries and growing demand for industrial grade chemicals around the world are some of the main reasons for the development of the chemical tanker market. The development of Shale gas is one of the key variables that has had a positive impact on chemical tanker market growth. Organic chemicals such as alcohols, propene, acetic acid, benzene, benzyl acetate, methanol, and phenol are some of the essential chemicals that are being shipped through chemical tankers all around the world. Countries such as the U.S., China, Germany, and Russia are some of the main exporters of chemicals and are anticipated to promote global trade through chemical tankers which will give the chemical tanker market an impetus in the coming years.

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The global chemical tanker market garners maximum profit through the shipping of chemicals and its associated products. The booming chemical industry and the growing production capacity of chemical manufacturers are driving the demand for chemical tankers around the globe. The chemical tanker market in U.S. is likely to develop at a high pace owing to a large number of shipbuilders and fleet owners, availability of raw materials, and capital inflows from multinational businesses. Although exports showed a declining trend in 2016, taking into account the value of the dollar and the worldwide financial stoppage, the export market is anticipated to catch up in the coming years. In 2017, the U.S. accounted for about 17% of global chemical shipments. Innovative capacity additions in the industry, which will also be used for exports, are expected to boost the demand for chemical tankers during the forecast period. The growing chemical tanker market in Asia Pacific is one of the most important areas of development owing to the existence of new entrants and emerging players in the region.

IMO-1 tankers are generally used in the transportation of sophisticated products such as crude oil. With advancements in technology, IMO-2 carriers are mainly used for the transportation of bulk chemicals, including animal oils, vegetables and fats. Increased demand for bio-based lubricants is expected to increase the chemical tanker market volume of IMO-2 carriers. IMO-3 chemical tankers are used to transport chemical products with high safety and environmental hazards. IMO-3 overshadowed the global chemical tanker market in 2018 and is expected to remain dominant over the forecast period as well.

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Slow growth in the manufacturing of crude oil and the formulation and execution of petroleum bunkering laws such as the conduct of proper risk assessments and having appropriate drip and spill containment functionality is a constraint in the global chemical tanker market. Low global crude oil prices and decreased capital investment for exploration over the last few years have resulted in a slow development of the crude oil market. Moreover, low investments in the exploration and manufacturing of crude oil in the US between 2014 and 2017 has had an impact on the manufacturing of shale oil in the nation. Oil production has also reduced in China due to the low oil price setting in the nation. The aforementioned factors are expected to halt the growth of the global chemical tanker market during the forecast period.

The chemical tanker majors such as Stolt- Nielsen, Odfjell, MOL Nordic Tanker, Navig8 Tanker and Team Tanker secured eminent positions in the global chemical tanker market. Top operators hold a total fleet of more than 370 tankers.

North America is expected to attract new competitors to the chemical tanker market due to a boom in shale gas. The region is expected to have a positive impact on the production of ethylene, which is also expected to boost the supply of organic chemicals worldwide. Resilient exports from the U.S. and the Middle East have been key drivers, which has also had an impact on other trade routes.

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HVAC Relay Market Insights by Size, Status and Forecast 2026

HVAC systems play a key role in an assortment of industries such as plastics manufacturing, food processing, construction, and chemical production. End-user industries are seeking advanced HVAC systems for streamlining their production while complying with stringent government regulations on energy efficiency and greenhouse gas emissions. The bolstering innovation in the HVAC systems market for the development of energy efficient solutions is estimated to fuel HVAC relays market growth. Technological headways in the development of HVAC systems is creating lucrative opportunities for players operating in the HVAC relay market with demand for novel switches to be used in advanced systems surging.

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Growing awareness about the lower costs of HVAC systems operations in addition to the improving efficacy of the products is causing a widespread adoption of HVAC systems in residential as well as commercial buildings. Building administrators are increasingly replacing conventional steam-based chiller systems with electric chillers, a trend which is estimated to propel HVAC relay market growth. Additionally, renovation and improvement of infrastructure around the world are projected to fuel demand for HVAC systems, in turn, contributing to HVAC relay market proliferation.

With competition in the HVAC relay market intensifying, manufacturers are working towards integrating value added-features into HVAC relays to gain a competitive edge. High momentary current bearing capacity, reliable circuit breaking, and smart capabilities are some of the key features gaining priority in the HVAC relay market. For instance, Schneider Electric launched a new product named the Easergy P3 relay which is equipped with smart capabilities. The company claims the relay system trips circuit breakers immediately in case of fault detection to protect equipment from severe damage. The product comes with a web-based application which allows users to conduct virtual simulation tests and simplify maintenance. Such developments are expected to aid in propelling HVAC relay market growth.

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Exponential growth in automation and Industrial Internet of Things (IIoT) is estimated to boost HVAC relay market growth. Leveraging automation HVAC relay manufacturers are successfully enhancing the quality and durability of the systems in addition to boosting production. Real-time data monitoring and collection is aiding manufacturers in collecting vital data to streamline production operations and detect faults in the production processes. Development of 3D printing and additive manufacturing is enabling companies to produce highly-efficient relay systems at lower costs and using sustainable materials. These factors are estimated to help companies in complying with government regulations and ensure large-scale production at lower costs.

HVAC system installation involves making significant changes to the plumbing and ventilation systems of a building. The process is time-consuming and requires thorough planning for proper execution. Additionally, the presence of an old HVAC system in place may create additional problems in installation. Due to these reasons, the costs incurred for initially setting up HVAC systems is high. In addition to this, the infrastructural changes required for installation may result in a long period of downtime which can cause inconvenience and lower production rates in industries. These reasons are expected to restrain the demand for HVAC systems across industries and are estimated to adversely impact the HVAC relay market growth.

Lack of skilled technical managers in industries and buildings is increasingly being linked to the growing incidences of HVAC system failures around the world. The trend is likely to dampen sales of HVAC systems eventually denting HVAC relay market growth.

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Grease Cartridges Market Global Growth, Opportunities, Industry Analysis & Forecast To 2026

Demand for lubricating grease has been gaining steady traction, on the back of its extensive use in the mining and automotive industries for enhancing operational performance. Lubricating grease also enjoys widespread applications in the oil and gas industry for achieving resistance to rust, enhancing anti-wear capacity, and reducing viscosity loss.

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The broad spectrum of applications of lubricating grease in varied industries continues to create sustained opportunities for manufacturers. As a result, grease cartridges have been witnessing steady demand, and driving the growth of grease cartridges market.

The changing preferences of end-users have also significantly influenced the grease cartridges market globally. They have shifted their focus towards convenience in contrast to the traditional grease applications. On the back of a combination of broader, macroeconomic factors and niche, industry-specific factors, the global grease cartridges market is anticipated to grow at a CAGR of over 5% during 2018-2026.

End-user preference for high-quality materials is influencing manufacturers to invest in developing advanced materials that have improved storage capability. A notable shift from the conventionally used tubs towards grease cartridges has been observed, on the back of the ease of dispensing grease. In addition, greases stored in favorable conditions are said to perform better in a humid and wet environment and curtail the downtime of the machines which is quite large in the conventional formats. This is yet another crucial growth determinant for the global grease cartridges market.

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According to the study, plastic grease cartridges are substituting the fiberboard cartridges at a considerable pace, owing to the benefits provided by the former packaging solution. Large-scale adoption of plastic board cartridges can be attributed to their relatively low price as compared to the high raw material prices of fiberboards. In addition, the plastic board cartridges have rigid structures which stand tough and resist the effect of climate on the grease. With plastic board cartridges, the grease is held securely and eliminates the chances of leakage. As a result, the study reports that the plastic board cartridges are preferable storage to ensure the safer shipping of the grease and is expected to hold a significant share in the grease cartridges market during the forecast period.

Asia Pacific is expected to hold the largest share in the global grease cartridges market during the forecast period, which is attributed to the rising demand for grease in the automotive industry.

Following the region, the growth prospects of the grease cartridges market in Latin America and the Middle East & Africa are moderate to low, despite MEA’s potential to boast an impressive growth rate. The modest growth rate of Latin America grease cartridges market is the consequence of moderate demand for grease in this region.

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