TECHNOLOGY FACTS

Well Intervention Market Growth Rate, Future Trends and Challenges, Major Drivers and Opportunities to 2026

A well intervention is any remedial operation performed on oil or gas wells with the intention of restoring or increasing the production. It was traditionally done with drill rigs, but with significant advancements in technologies, well construction and well head designs have transformed, influencing well intervention to evolve as well as grow in demand. An oil or gas well may require intervention due to a number of unforeseen problems such as changes in reservoir characteristics, flow restrictions, mechanical failure, and others.

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Escalating demand for energy along with growing efforts in discovery of new oilfield reserves has been highly impactful on the development of global market of well intervention. The global well intervention market registered a value of around US$ 6 billion in 2017, and is projected to grow at a promising CAGR of 6% during the 2018-2026 period.

Large-stage well intervention solutions and services are gaining rising momentum due to increasing expenditure in revitalization of aging, marginal field wells in order to improve their functioning and extend production. Exploration and production (E&P) companies or oilfield operators across the world are focusing on boosting production and extending the plateau which require a clear understanding of the subsurface quality and performance of the existing surface facilities to manage the production in a safe manner. This, in turn, is likely to trigger investments in these services and eventually strengthen the well intervention market growth.

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Although renewable sources of energy are widely being adopted in the recent years, the demand for oil and gas has not declined. Renewable energy provides clean power, but it is yet to become the reliable source for the continuously developing and modernizing society, and therefore resulting into surge in the demand for oil and gas. With rapid depletion of oils reserves, continuous efforts are being undertaken for the discovery of new oilfield reserves, mostly in the Persian Gulf, Gulf of Mexico, South China Sea, and the North Sea, to meet the soaring demand. These are the important factors driving the global well intervention market.

Subsea intervention services are still in their infancy with huge potential. While many leading oil & gas companies do not have well-established subsea intervention policies, new discoveries and growing need to improve recovery rates from developed fields are expected to increase the demand for such services. In addition, these companies have also begun embracing the need to carry out intervention in their rising portfolios of subsea wells. Gradual increase in the adoption of regular subsea intervention programs along with rising activities and subsea well counts are expected to favor the expansion of global well intervention market.

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Various global well intervention projects have been halted due to fluctuating prices of crude oil. In addition, the growing need to adhere to government regulations regarding carbon emission has triggered robust investments in renewable energy business including wind and solar power technologies. Rising inclination toward clean energy may negatively affect the growth of well intervention market at the global level.

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Lithium-Ion Battery Pack Market Current Trends and Top Benefits till 2028

According to a new study of Fact.MR, sales of lithium-ion battery pack will exceed 151 Mn units in 2019, up from 131 Mn units in 2018. Development of safe and reliable battery packs, in line with the surging power requirements from multiple applications is for to complement growth of lithium-ion battery pack market.

The study states that, growing palpability of disruptive technologies, smart grid storage, electric vehicles, data centers, and others, is providing an impetus to growth of the lithium ion battery pack market. Additionally, rising dependency on electrochemical energy storage is fuelling investments in lithium-ion battery packs, as lithium ion battery is emerging as the ideal choice for electrochemical energy-storage.

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The battery industry is undergoing a sea change in line with increasing demand for battery technologies with superior capabilities. As per the report, changes in cell-technologies and innovations in smart electronics are creating favorable grounds for adoption of li-on technology, driving growth of lithium-ion battery pack market.

Lithium cobalt oxide to continue as the ‘top-selling’ lithium-ion battery pack variant, with global sales estimated to surpass 67 Mn units. Skyrocketing demand for portable electronic devices is foreseen to fuel demand for lithium cobalt oxide types, as most of the lithium-ion battery packs used in portable applications are cobalt-based.

The report opines that, the cylindrical cell type continues to be highly favored as compared to prismatic or pouch types, with global demand estimated to surpass 51 Mn units in 2019. Cylindrical packaging continues to be the widely-used for lithium-ion battery packs, on account of advantages such as superlative mechanical stability and ease of manufacture.

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According to the report, Asia Pacific excluding Japan will continue to be the largest market for lithium-ion battery pack, as the APEJ hosts a large number of prominent battery OEMs. China, South Korea, and India are foreseen to be highly lucrative countries for the manufacturers of lithium-ion battery packs in terms of healthy expansion.

North America is likely to emerge as the fastest-growing market for lithium-ion battery pack, with opportunities brimming for the manufacturers across the key countries, including the U.S., Canada, and Mexico. The buoyancy of North America lithium-ion battery pack market can also be ascribed to incessant penetration of plug-in & electric vehicles and steady demand for consumer electronics.

Key stakeholders in the lithium-ion battery pack market might have to focus on the emerging trends in the battery technologies space, which will help them offer high-performance and innovative products well-aligned with end-user specifications. Though leading players in the lithium-ion battery pack market account for a sizeable share, these companies will have to work on business optimization and product benchmarking in order to retain their stronghold.

According to the report, collaboration with end-users is one of the key differential strategies adopted by the market players to offer high value and grow sales profitably. For instance, leading manufacturers in the lithium-ion battery pack market, such as LG Chem and Panasonic Corporation, are collaborating with leading automotive giants. These collaborations will amplify production capabilities of the market players and aid in fostering cordial relationships with end-users.

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Belt Scales Market to Witness Growth Acceleration During 2018-2027

The belt scale market is likely to be valued at approximately US$ 970 million in 2019, witnessing a growth of over 3%. The steady growth in the belt scale market will be driven by a combination of macroeconomic and industry-specific factors, including growing demand for bulk material handling for increased production.

According to the study, belt scale systems market growth will be upheld by advancements in the Industrial Internet of Things (IIoT) which is enabling end-users to efficiently manage and maintain conveyor belt scale systems. Integration of advanced sensors in conveyor systems is allowing end-user industries to remotely monitor the functioning of different parts of conveyor belt scales systems. In addition, IIoT technologies are aiding companies across different industries in collecting valuable data which can be leveraged to predict maintenance requirement and evaluate production flows and rates.

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The study further opines that quick and efficient identification of defective parts in belt scale systems is aiding end-user industries in substantially reducing the downtime. Leveraging its capabilities, companies are monitoring real-time data to optimize production and manufacturing processes.

Additionally, remote monitoring, predictive maintenance, and optimization are helping companies reduce dependency on manual labor and save on overhead costs. These factors are vital to the surging demand for automation across different industries which, in turn, is complementing the growth of the belt scales market.

Multi idler belt scale systems in dual idlers, triple idlers, and quad idlers are finding increasing application owing to the enhanced accuracy the conveyor systems provide relative to single idler belt scale systems. Multi idler belt scale systems use additional load cells for precise weighing of materials. In addition, the utilization of additional load cells aids in expanding the size of the weighbridge eventually allowing integrators to measure materials for a longer period of time. The inclusion of each new idler enhances the accuracy of the belt scale systems. Multi idler belt scale systems are increasingly being adopted in applications which require precise weight sampling of products or use extremely fast conveyor systems. Additionally, multi idler belt scale systems deliver the same accuracy when used in combination with variable conveyor systems in portable conveyors, stationary conveyors, and feeders making them a preferred choice for integration with already existing systems. Fact.MR opines these factors are crucial in driving the demand for multi idler belt scale systems in end-user industries with this segment estimated to hold 83% of the market share in 2019.

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Increasing production of novel and innovative conveyor idler maintenance products and services are further expected to drive demand for multi idler belt scale systems during the forecast period. For instance, ESS Engineering, an Australian-based company specializing in conveyor systems management, launched a new belt training device to overcome misalignment of idlers to enhance their longevity. The company also announced the launch of retractable idler frames to simplify replacement of idlers in conveyor systems. Simplification of maintenance processes is likely to cause a surge in the demand for multi idler belt scale systems.

Burgeoning demand for food products is estimated to prevail in the foreseeable future with the global population on the rise. In order to capitalize on the increasing demand for food products globally, F&B companies are increasingly focusing on reducing their products’ time to market by leveraging conveyor belt scale systems for bulk handling, weighing, and packaging. In addition, the development of industry-specific conveyor systems is complementing the adoption of belt scale systems in the F&B industry. For instance, Chlorino, a company specializing in the production of conveyor belts, announced the launch of food-grade metal detectable belts which are bacteria resistant and can detect metal pieces three-times smaller than other metal-detectable belts.

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Handheld Laser Distance Meter Market Size, Share, Emerging Trends, Analysis and Forecasts to 2027

A handheld laser distance meter is a handheld instrument that can be used to measure distance by sending a finely focused laser pulse in the direction of the target and calculates the time taken for the reflection to return. On measuring the time between the two events, a handheld laser distance meter converts it into distance.

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Handheld laser distance meters are rapidly replacing their traditional counterparts such as measurement tapes, used in the industry. The burgeoning demand for handheld laser distance meters in the construction industry is mainly attributed to the needs for improving the speed and accuracy of distance measurement tools. Handheld laser distance meters are commonly used in the construction industry for height tracking, which enabled end-users to derive the discrepancy between the heights of two sides of a wall with more accuracy and without any assistance. The importance of getting the measurements right the first time with high efficiency, accuracy, and safety is necessitating the use of handheld laser distance meters in the construction industry. Leading stakeholders in the handheld laser distance meters market are focusing on introducing handheld laser distance meters for the construction industry to capitalize on lucrative sales opportunities created by the ongoing construction activities worldwide.

A majority of customers are incorporating state-of-the-art measurement instruments, such as handheld laser distance meters, for outdoor applications, in bright sunlight. Leading manufacturers in the handheld laser distance meter market are focusing on improving the quality of display by integrating a high-resolution screen with modern handheld laser distance meters. By introducing brightness adjustment features and a camera with zooming capabilities, handheld laser distance meter market players are allowing end-users to spot distant targets in bright sunlight. In the upcoming years, integrating cameras and high-resolution display options with handheld laser distance meters is likely to emerge as a popular trend in the market.

Although handheld laser distance meters enable end-users to achieve more accuracy at distance measurement tasks, they are extremely expensive, which is one of the leading factors to limit the market growth. As compared to their alternatives – ultrasound distance meters, handheld laser distance meters cost much higher. Thereby, customers are preferring to purchase pre-owned handheld laser distance meters or leasing one, owing to its high cost. Taking into consideration this trend, leading manufacturers in the handheld laser distance meters market are offering pre-owned equipment or leasing handheld laser distance meters of their own brands at competitive prices to gain an edge in the handheld laser distance meter market.

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Consideration towards customer experience is building a foundation for salient business strategies adopted by leading players in the handheld laser distance meter market. Leading manufacturers are incorporating Bluetooth functionality with handheld laser distance meters makes the instrument accessible to end-users in a variety of formats. As it enables end-users to transfer information digitally by connecting handheld laser distance meters with smartphones or other electronic devices such as tablets or laptops, manufacturers are introducing the Bluetooth feature in their latest handheld laser distance meter models. Furthermore, some of the top-tiered companies in the handheld laser distance meter market have also introduced smartphone applications that can be connected with handheld laser distance meters and directly transfer data in the form of photographs, floor plans, and numbers to end-users’ electronic devices. Digital transformations in the major end-user industries are expected to make this trend popular in the upcoming years.

The handheld laser distance market is mainly divided into three segments – geographical regions, range, and applications of handheld laser distance meters. Based on the geographical regions, the handheld laser distance meter market is segmented into North America, Latin America, Europe, Japan, Asia Pacific excluding Japan (APEJ), and Middle East & Africa (MEA).

Depending upon the range of a handheld laser distance meter, the handheld laser distance meter market is segmented in to up to 30 meters, 30-100 meters, and above 100 meters. Based on the end-uses or applications of handheld laser distance meters, the market is segmented into building & construction, metal & mining industry, military, and other applications, such as logistics.

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Low GWP Refrigerants Market – Hydrofluorocarbons Phase-out Likely to Propel Adoption of Low GWP Refrigerants

‘The Montreal Protocol on Substances That Deplete the Ozone Layer’ includes concerted efforts to curtail the production as well as consumption of refrigerants, including HFCs, in non-A5 countries by around 85% by the end of 2035. This is forcing end-users to shift to low GWP refrigerants.

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Furthermore, the United States’ Environment Protection Agency’s (EPA) Clean Air Act implemented the hydro chlorofluorocarbons (HCFCs), and the European Union has adopted regulations to reduce consumption of HFCs by over 79% by the end of 2030. With an increasing number of countries phasing out the production of HFCs, the adoption of low GWP refrigerants is expected to surge. This is expected to power growth of the low GWP refrigerants market in the upcoming years.

It has come to the fore that the energy that the refrigeration and air conditioning sector consumes and ozone-depleting chlorofluorocarbons (CFCs) and HCFCs refrigerants are a major contributor to global climate change. The commercial refrigerants that are commonly used in the refrigeration and air conditioning sector are dominated by various fluorinated chemicals, including hydrocarbons and HFCs along with inorganic compounds such as carbon dioxide and ammonia. Moreover, free chlorine molecules in CFCs and HCFCs can reach the stratosphere, which is believed to exacerbate the “hole” in the ozone layer. Thereby, increasing concerns about the severe environmental impacts of CFCs and HCFCs are boosting adoption of low GWP refrigerants in the refrigeration and air conditioning sectors.

Despite increasing awareness about the environmental impacts of high CWG refrigerants, end-users find switching to low GWP refrigerants as an extremely complex change. Even though a majority of stakeholders in the low GWP refrigerants market are frequently introducing innovative options, the availability of low CWG refrigerants suitable for various applications remains limited to a few options.

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Flammability, coefficient of performance (COP), environmental acceptance, volumetric capacity (Qvol), and low toxicity are the main filters in the process of choosing a right low CWG refrigerant. For fluids with low toxicity and good COP, which are at mildly flammable, options for high-performance, low-GWP fluids are minimal, which impacting growth of the low GWP refrigerants market.

New global environmental initiatives, such as the Paris Agreement, are promoting to the adoption of pro-environment practices in the industrial sector. Implementation of such regulatory policies on the global level is expected support the phasing out specific ozone-depleting substances that are posing serious harm to the environment, and thereby boost the adoption of low CWG refrigerants by. Moreover, leading countries in the world are implementing legislation to reduce the negative environmental impacts of ozone-depleting refrigerants and encourage end-users to adopt low GWP refrigerants.

EPA’s Significant New Alternatives Policy (SNAP) program under Section 612 of the Clean Air Act, is aimed at evaluating the risks of existing ozone-depleting substances, including high GWP refrigerants, to human health and the environment. Furthermore, the European Union has adopted the F-gas regulation and the MAC directive to curtail the emissions from fluorinated greenhouse gases (F-gases), including hydrofluorocarbons (HFCs), to reduce global warming potential (GWP) refrigerant usage.

Growing adoption of such environmental regulations is poised encourage end-users to have an environment-friendly approach while selecting commercial refrigerants, and thereby, bolstering innovative in the low GWP refrigerants market.

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Zonal Isolation Packers Market Intense Competition but High Growth & Extreme Valuation

The zonal isolation packers market landscape portrays hegemony of the top 3 players- Halliburton, Schlumberger Limited, and Baker Hughes Inc., whose growth is uphold by robust product portfolios. Furthermore, the zonal isolation packers market also demonstrates larger presence of regional players, which may compel the leading players to deliberately cut down their product prices for improving their product positioning. Moreover, manufacturers in the zonal isolation packers market are also focusing on product benchmarking as a continuous improvement tool, wherein they are comparing their offerings with the industry-best products to pick out areas of improvement.

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According to the Fact.MR study, the key players in the zonal isolation packers market are positioning their production units in close proximity with prominent oil & gas sites, with an objective of minimizing the transportation costs. In line with the competitive market environment, the end-users continue to be in a stronger position in the zonal isolation packers market landscape. Sensing the aforementioned, manufacturers in the zonal isolation packers are vying to establish differential approaches as compared to that of their rivals, in order to ensure that product designs are appropriate and all-aligned with evolving end-user requirements.

The study opines that demand for zonal isolation packers is closely associated with two of the highly-valued aspects- well lifecycle and workover. With resurgence of well drilling activities worldwide, industry operators seek effective zonal isolation packers that ensure enhanced well lifecycle and reduced workover. Consistent growth of well-intervention procedures across the existing oilfields for production ramp-up is one among the chief aspects bolstering the adoption of zonal isolation packers.

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The study states that end-users will continue to show marked preferences for permanent zonal isolation packers, owing to their excellent performance as compared to retrievable and open hole variants. High sealing & gripping capabilities and low costs remain two key touchpoints boosting sales of permanent zonal isolation packers, with global sales estimated to surpass 15,600 units in 2019. Demand for zonal isolation packers from onshore applications will continue to grow by leaps and bounds, with global demand estimated to surpass 22,500 units in 2019.

According to a recent study of Fact.MR, sales of zonal isolation packers exceeded 25,438 units in 2018, and is estimated to surpass 26,000 units in 2019. The Fact.MR study finds an ever-increasing need from exploration & production industry operators to address the issue of gas migration, which continues to be one of the longstanding challenges requiring immediate attention. This, in turn, is paving favorable grounds for adoption of effective zonal isolation technologies, including zonal isolation packers.

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Temperature Control Unit Market is Likely to Experience a Tremendous Growth During 2018-2028

Temperature control is vital to maintain the viscosity and flow property of petrochemical fluids and to ensure safe transportation and distribution of these products. Deepening energy crisis coupled with advancements in fracking procedures is expected to propel production of petrochemical products in the foreseeable future.

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Under or overheating crude oil and gas can adversely impact its quality and result in loss of valuable components. With the development of portable and compact temperature control units, oil and gas companies can potentially manage the temperature of transporting pipes and vehicles effectively to ensure the quality of crude oil remains intact. Intensification in on-shore and off-shore oil and gas exploration activities are expected to produce lucrative opportunities for manufacturers in the temperature control unit market.

With a vast amount of equipment operating in enclosed spaces, temperature control is crucial to efficient and profitable functioning of data centers. Easy access to affordable internet services, intensifying digitization of data, and demand for cloud-based platforms and services on the rise, information technology companies are accelerating the construction of data centers to effectively manage data and serve consumers.

The stringent government regulations have been prompting companies to substantially reducing energy consumption and emissions. Temperature control units are increasingly enabling companies to maintain an environment optimal for equipment functioning which is a vital factor fueling demand for the devices.

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The Fact.MR report tracks the temperature control unit market for the period 2018-2028. The temperature control unit market is projected to grow at 4.8% CAGR through 2028.

A substantial increase in the disposable income of global population coupled with consumer preference for different tasting beers is driving demand for craft beer market. In addition, craft beer producing companies are drawing in significant profits with trends suggesting consumer readiness for better quality and price.

With larger profit margins on offer, mainstream beer production companies are investing heavily in the area. Intensification in competition is prompting breweries to focus on enhancing the quality of their products with temperature control playing a vital role in the process.

Maintaining the strike temperature and knockout temperature during brewing is essential for the production of quality tasting beers. A substantial increase in the number of microbreweries is prompting companies to offer an array of different flavors while working on the production of novel ones to maintain a competitive edge in the market. This has further resulted in increased production capacity of the temperature control unit industry players to cater requirements in the production of craft beer, with sales estimated to surpass 150,000 units in 2019.

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Powder Dispensing Systems Market Prognosis, Company Perspective, Secrets, Innovation Till 2027

Additive manufacturing techniques are gradually gaining traction across an assortment of industries owing to their cost-effectiveness, sustainability, and simplicity. Laser-based powder bed fusion procedure is an important part of additive manufacturing which employs the use of powder dispensers for the production of complex metal components in a cost-effective manner. The technique is gaining widespread adoption as industries seek to reduce time and costs of production to gain a competitive edge in the market. Additionally, intensifying researches towards overcoming the drawbacks of the current system are expected to propel its adoption even further in the foreseeable future. Studies researching the use of different metal alloys and other materials for use in laser-based powder bed fusion additive manufacturing are further expected to boost sales. Fact.MR opines the pervasive trend will drive the demand for powder dispensing systems in laser-based powder bed fusion additive manufacturing with the market poised to register sales of more than 35000 bulk dispensing units in 2019.

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The evolving industrial internet of things (IIoT) is likely to aid in powder dispensing systems market proliferation with manufacturers gradually leveraging the advanced technology to streamline production and design of powder dispensing systems. Artificial intelligence and machine learning are allowing manufacturers to design virtual prototypes and define simulation environments to effectively test the efficacy of the systems under different circumstances. Powder dispensing system manufacturers are leveraging these technologies along with analytics and internet of things to identify faults in the existing system and predict operation failures. Continuous advancements in the technology are expected to benefit the powder dispensing systems market.

Administrations around the world are working towards streamlining the current regulations in pharmaceutical production to ensure the quality and safety of medications. Consequently, precision and micro dosage techniques are gaining priority requiring powdered dispensing systems manufacturers to recalibrate the designs of the systems to comply with the regulations. However, the higher costs of production of these sophisticated powder dispensing systems are expected to stifle market growth with pharmaceutical companies under increasing pressure to maintain quality and affordable pricing of their products amidst intensifying competition.

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According to a recent report by Fact.MR, the powder dispensing systems market is expected to continue its bullish run in the foreseeable future with sales estimated to surpass 62,500 units in 2019. The healthy growth of the market is a consequence of multipronged factors such as intensifying research and development for new drugs in the pharmaceutical industries and widespread adoption of the systems in additive manufacturing.

Demand for powder dispensing systems in pharmaceuticals is expected to burgeon as intensifying competition in the market is prompting companies to enhance their active pharmaceutical ingredients (API). Reworking active pharmaceutical ingredients require heavy investments, making identification of viable candidates crucial in the early stages. However, a key barrier which stifles the progress of the procedure is the sensitivity of these chemicals to physiochemical effects. Additional control measures are required to be taken in order to shield these chemicals from physiochemical effects which, in turn, disturb the timeline of drug development. Powder dispensing systems provide a way to streamline the process by allowing pharmaceutical companies to use micro-dosing encapsulation techniques for manufacturing of API-in-capsule drugs.

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Telecommunication Industries, are Likely to Create Lucrative Opportunities for Fuel Storage Containers Market

The fuel storage containers market remains fragmented with numerous companies vying to gain larger shares. The fuel storage containers market leaders such as Mauser Packaging Solutions, Greif, Inc., and SCHÜTZ GmbH & Co. KgaA, collectively account for nearly 40% shares. Expansion of the production capacity, along with establishing a dedicated distribution network across various regions, remain the core strategy of this batch of players.

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Leading players leverage customization as the key winning imperative to target the industry-oriented applications. For example, Greif, Inc. expanded its product line, with a novel range of specialty steel and stainless steel drum for storing fuel. Additionally, the company inaugurated a steel drum production plant in Vorsino Industrial Park, in Russia, to accommodate additional production of fuel storage containers. However, the strategies employed by players of another batch of the fuel storage containers market is in contrast with leading players.

Emerging players such as Scepter Canada Inc., Time Technoplast Inc., Hoover Ferguson Group, Inc., and WERIT Kunststoffwerke acquire a share of nearly 8-13% of the fuel storage containers market. These players hold the key of product diversification to unlock novel opportunities in the fuel storage containers market. For instance, WERIT Kunststoffwerke introduced UN and FDA approved intermediate bulk containers for the transportation of high-quality edible oils.

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According to Fact.MR study, demand for 55 gallon fuel storage drums are expected to remain preferred among end-users, favored by their multifaceted applications in protecting, storing, and transporting of liquid fuels. Manufacturers have been directing their efforts toward the development of drums using materials such as fiber, plastic, and steel, to target the specific demands of customers, such as fuel storage for lawn movers. With colossal demand for fuel to ensure the seamless operations, the fuel storage containers have been witnessing high demand across a wide range of industry sectors, including chemicals and fertilizers, petroleum and lubricants, food and beverages, pharmaceuticals, building and construction, and paint.

Fact.MR follows a systematic approach to extract intelligent insights into the fuel storage containers market. For this purpose, secondary and primary research is being carried out by our analysts. The secondary research consists of referring company websites, financial reports, white papers, and annual reports of companies operating in the fuel storage containers market to form the basis of the research. Additionally, paid publications such as Meltwater, Genios, GBI, and Factiva have been studied to derive a clear picture of the fuel storage containers market.

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In the bid to carry out primary research, interviews with the industry leaders, distributors, and industry players were conducted. Post the collection of insights, data validation through triangulation method is done, in order to offer actionable intelligence to our readers.

Chemical Injection Pumps Market Competitive Landscape Analysis with Forecast by 2029

According to Fact.MR’s study on the chemical injection pumps market, acquisitions will remain a vital strategy for competitors in a bid to improve market penetration and enhance global presence. Companies are expected particularly focusing on opportunities residing in the chemical and petrochemical industries across key regions. Strategic collaborations, acquisitions of associated businesses, and new product developments are cited to be the primary strategies implemented by chemical injection pumps providers in a bid to capture major shares in the global market revenues. Companies are emphasizing engineering of compact pump designs to eventually reduce the carbon footprint, which is fueling innovations in the chemical injection pumps market. While frontrunners in the chemical injection pumps market primarily adhere to mergers and product diversification, first-movers continue to rely on innovation strategies for market recognition.

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Promising growth in the demand for chemical injection pumps and strong presence of manufacturing facilities of some of the key players continue to uplift market attractiveness of Asian countries for participants in the chemical injection pumps market. India and China have reflected considerable market growth in the recent past and are likely to create healthy opportunities for chemical injection pumps market players.

According to the pricing analysis of the chemical injection pumps market, the price sensitivity is undermining the overall revenue growth potential of the market. Emergence of China as a major producer of low-cost pumps has disrupted the market, compelling international pump vendors to focus on product differentiation through advanced technology integration and provision of various additional services. Increasing integration of technologies, such as QR coding is accounting for an added marketing value to online product overviews and pump manuals.

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Fact.MR study states that centrifugal pumps continue to witness higher demand compared to other chemical injection pumps owing to their simple design with mobile parts that accounts for their high-speed movement and low maintenance requisites. The steady output is another important factor underpinning the sales of centrifugal pumps, which currently hold a leading share of nearly 45% in the chemical injection pumps market. In line with the increasing applicability of chemical injection pumps in various infrastructural activities, centrifugal pumps are highly likely to sell higher within domestic and wastewater treatment industries. Reciprocating this surge in the demand from water treatment segments, companies are augmenting their investments in the development of innovative, application-specific centrifugal pumps. Apart from these industries, centrifugal pumps are considered ideal for chemical transfer and circulation in surface treatment industry, attracting the focus of vendors for new product developments.

The report offers an in-depth evaluation of the chemical injection pumps market based on a validated research methodology that involves all-inclusive primary and secondary research. This research has helped analysts in arriving at insightful projections for the chemical injection pumps market. The data collected on the chemical injection pumps market undergoes several validations, examination, and re-examination, prior to their inclusion in the chemical injection pumps market report.

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Key statistics evaluated and data acquired on the chemical injection pumps market is based on unique research methodology, which ensures greater accuracy of authentic data. Insights gained from opinion leaders and industry experts in the chemical injection pumps market have been induced in the study. Scrutiny of the data has allowed research analysts to develop this insightful study on the chemical injection pumps market.