Pump Casting Market Forecast, Trend Analysis & Competition Tracking - Review 2019 - 2029

Pump Casting Market: Introduction

Pump casting is a process of designing and casting of the pump components based on different metals and metal alloys. Such process of pump casting enhances the strength and corrosion resistance. Pump casting is applied over important parts of pumps such as casing, impeller and other body parts or components. The implementation of technology in foundries to stimulate melting process and deployment of advanced furnaces plays a significant role in the pump casting market.    

The pump casting companies are investing in state of the art machines and technology to offer precision, process consistency, automated process monitoring and reduce labor costs. The current end use industry sectors require the custom manufactured pump products to meet the requirement for the specific applications and to provide augmented efficacy for the required end use application. The customers for the steel casting products now a days are more inclined towards the custom pump casting products.

Pump Casting Market: Market Dynamics

The rising trend in the export of pump casting products from India, China and Indonesia has been a notable trend where the tier-1 pump OEMs around the globe have procured the pump casting products and assembled to shape the final product thus saving the manufacturing overheads to a good extent and driving the profitable growth. The export based markets have proved to a major source of revenue generation for the pump casting companies which is expected to continue in the long run. The government initiatives, export tax rebates and other subsidies is boosting the manufacturing sector which is enhancing the manufacturing across the numerous end use industry providing a wide range of target customers. This acts as a key driving factor for the growth of pump casting market.

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The pump casting companies are looking precision casting which is expected to offer high quality casting products along with customer retention and in gaining new pump casting projects. The companies are increasing the reliability of the products of the company, many manufacturers are keen towards acquiring the quality certifications for their products as well as for the company. The pump casting companies in developing economies are planning for certifications such as TUV Nord certification and the ISO 9001:2008 are the two most sought after certifications form the pump casting manufacturers.

Pump Casting Market: Market segmentation

The global pump casting market can be segmented into type, and application.

On the basis of pump type, the global pump casting market is segmented into:

• Dynamic Pumps    
• Centrifugal Pumps
• Axial Pumps
• Radial Flow Pumps
• Positive Displacement Pumps    
• Rotary Pumps
• Reciprocatory Pumps
• Linear Type Pumps

On the basis of casting type, the global pump casting market is segmented into:

• Silical sol casting
• Sand casting
• Die casting

On the basis of material type, the global pump casting market is segmented into:

• Stainless Steel
• Alloy Steel
• Carbon Steel
• Cast ductile iron
• Grey iron
• Brass
• Gun Metal
• Aluminum
• Bronze

On the basis of size, the global pump casting market is segmented into:

• Less than 150 mm
• 150 to 300 mm
• 300 to 500 mm
• 500 to 800 mm
• 800 mm to 1,000 mm
• Above 1,000 mm

On the basis of manufacturing category, the global pump casting market is segmented into:

• Original Equipment Manufacturing (OEM)
• Original Design Manufacturing (ODM)
• Customization

Pump Casting Market: Regional Outlook

The growth in export of pump casting towards North America and Europe is one of the key factor that is driving the global pump casting market. The pump manufacturers from countries in USA, UK, and other European countries are looking to acquire pump casting companies and it will have a major impact in the global pump casting market. The manufacturing hubs of BRICs countries such as China, India and Brazil is expected to witness a healthy growth for the pump casting market.

The South East Asian countries are expected to grow with a swift pace due to the well-known pump casting in southern part of India, Indonesia, Vietnam, etc. which is further driven by heavy growth in the end use sectors. Such a growth trend will provide a substantial customer base to the pump manufacturing companies. In addition to that, the pump manufacturers are initiating new production bases in countries such as Vietnam and Indonesia which will strongly support the growth of pump casting market. With India being the third largest steel producer and a prominent exporter of the steel, the government is focused towards the further development which will drive the pump casting market

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Pump Casting Market: Key Market Participants

Some of the key market participants in the global pump casting market are:

• CALMET 
• CFS foundry
• D. K. Technocast,
• Energy Technocast 
• Investment Casting Foundry & Machining
• MEERA TECHNOCAST
• Metflow Cast Pvt Ltd
• OTTOMMO Casting
• Premier Die Casting
• Rajmani Castings
• Shanghai Casting and Machining Ltd
• Suyash Casting
• Tamboli Castings Limited
• The Allied Founders Pvt. Ltd.
• U.S. Casting Company
• Unideritend 

The pump casting market research report presents a comprehensive assessment of the pump casting market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The pump casting market research report provides analysis and information according to market segments such as geographies, pump type, casting type, material type, size and manufacturing category.

Bicycle And Components Market to Witness CAGR of ~ 6% Increase in Value Share During the Forecast Period 2019 - 2029

The global sales of bicycle and components surpassed 1.4 billion units in 2018, as revealed by a new market research study of Persistence Market Research (PMR). The global bicycle and components market is set to witness a strong 6% CAGR during the course of forecast period, 2019 - 2029. The demand for bicycle and components is primarily influenced by increasing crude oil prices and rising awareness among consumers regarding health issues due to air pollution.

Depletion of oil reserves across the globe will remain among the key factors necessitating adoption of sustainable transportation means, thereby fueling the growth of bicycle and components market. As a viable transportation alternative, bicycles are gaining traction among all age groups, which would shape the long-term growth of bicycle and components market.

Eco-friendly Transportation Garnering Acceptance through Promotional Activities

  

In regions such as Europe and North America, corporate offices have been utilizing electric vehicles and bicycles as means ing the Useon across all tof transportation inside their campuses. It has become mandatory for every employee to follow this in order to improve the air quality and decrease the pollution index inside the company premises.

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For instance, The U.S. Green Building Council (UGBC) has encouraged all multinational companies to be LEED (Leader in Energy and Environment Design) certified. The main intention behind this is to promote bicycling, transportation effectiveness, and also to improve public health by inspiring practical and recreational physical activities. This is projected to positively surge the demand for bicycle and components over the foreseen year.

As per PMR study, prominent players in the bicycle and components market are focusing on introducing lightweight bicycle and components, coupled with better performance characteristics in all terrains. Moreover, due to the increasing focus on electric mobility by consumers, electric bicycles are gaining traction. Prominent manufacturers are focusing on introducing such models in order to attract new customers and give a necessary boost to their revenue stream.

Increasing Public Bicycle Rental Programs and Government Initiatives

Bike-sharing programs offer an active mobility option to individuals with an objective to increase cycling, reduce congestion, and minimize environmental pollution. Also, bicycles available on rent save users’ investments needed to purchase their own bicycles. In addition, users who make a habit of using rental bicycles can be potential buyers in the future to commute over shorter distances.

For instance, the Indian government is planning to implement various policies such as ‘Startup India’ and ‘Make in India’, with an objective of enhancing the manufacturing sector and also improving the per capita income of the average Indian consumers. Such policy would further upsurge the development of the bicycle and components market, in addition to benefiting stakeholders. All these factors are anticipated to drive the growth of the bicycle and components market in the Asia Pacific region such as India.

Bicycle and Components Market Competition Analysis

PMR market research report also highlights significant insights of the competitive scenario in the bicycle and components market and numerous strategies of protuberant market participants. Some key participants are Shimano, Inc., Inc., VELO, Brooks England SRL, Specialized Bicycle Components, Inc., and Accell Group N.V., among others.

Moreover, numerous protuberant participants in the bicycle and components market are implementing tactics and strategies, such as acquisitions, joint ventures, and collaborations to establish their sales and distribution networks worldwide. In addition, many manufactures are also introducing new product range to improve their product portfolios. For instance, In July 2019, VELO launched a new range of products including VELO-Aesthetic saddle and VELO-Leisure saddle.

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Know More About What the Report Covers

This market research report examines the impact of various push and pull factors on the growth of bicycle and components market that has been assessed for the period of 2019 - 2029. The study highlights key opportunities and influential market trends shaping the bicycle and components market.

About PMR’s Expertise in Automotive

The Automotive division of PMR provides exclusive coverage and actionable insights about the automotive and transportation industry, encompassing automotive, aviation, shipping and marine, and railway sector. Market findings and competition intelligence of OEM, aftermarket, services, and technology landscape have helped numerous industry stakeholders’ right from automakers, component manufacturers, channel partners, and service providers in taking informed decisions and keeping them up-to-date with market behavior.

Vertical Lift Module Market Expected to be Valued ~ US$ 1,517.7 Mn by 2018 and 2026

Consistently accounting for a considerably large value share in the global material handling equipment industry in terms of sales volume, vertical lift module is witnessing visible traction over the past few years – attributed to the potential to address the space-saving challenge. With a profound revenue share, vertical lift module equipment demand will continue to foster in automotive and machinery tool equipment sectors.

The predominant factor driving the demand for vertical lift module (VLM) is rampant development of the large-scale industrial sector in rapidly thriving economies such as South East Asia Pacific including China and India, and Middle East & Africa. On the other side, development of the commercial sector and strengthening of the infrastructural sector will continue to remain at the forefront in the key global economies - North America and Western Europe. This is identified to be another major factor fueling the demand for VLM globally.

In a recently conducted study on the global market for vertical lift module, Persistence Market Research indicates that the global VLM market will represent a healthy CAGR of 7.7% over an eight-year projection period 2018-2026, reaching the value in excess of US$ 1.5 Bn by the end of forecast period. In terms of delivery, single level delivery has been estimated to account for maximum value share in the VLM market, witnessing the highest demand expected from automotive and machinery & heavy equipment end use sectors.

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Industry Inclination towards Automation to Spur VLM Demand

Being an important component of the ASRS, i.e. automated storage/retrieval systems, vertical lift module will continue to register robust demand following the growth of ASRS section over the forecast period. Industries such as transportation, logistics, and distribution are also slated to continue fueling the sales of vertical lift module market. In addition, retail, FMCG, chemical, pharmaceutical industries will continue to strongly support the VLM demand over the assessment period. Moreover, the escalating demand for warehouse space also will translate to high traction for vertical lift module in next few years.

Increasing preference for automated vertical storage systems by automotive manufacturers and dealership departments to overcome the storage space challenge will encourage vertical lift module sales in the near future. Growing demand for safe and secure inventory especially in pharma and medical sectors, will also provide an impetus to VLM equipment that supports a lean inventory and logistics model to operate across the industry.

APAC Set to Take over Europe and North America in Terms of Pace; European Markets to Witness Dwindling Production

While North American market for vertical lift module is anticipated to remain a major revenue shareholder in the VLM market throughout the assessment period, Asia Pacific will possibly witness significant expansion at a relatively higher CAGR over 2018-2026. However, PMR believes that the growth of European market for vertical lift module will remain relatively poor - even below the CAGR of 4% during 2018-2026 – prominently attributed to the cyclical fluctuations in core European markets for VLM.

Growth of the vertical lift module market in Asia Pacific is owing to the escalating demand for automation in rapidly developing countries such as China, Japan, Malaysia, South Korea, Taiwan, and Indonesia. Increasing automation will generate higher demand for more stringent regulatory measures targeting employee safety, towering labor costs, and the incessant need for improved accuracy with better control on processes – triggering the demand for VLM. OSHA (Occupational Safety and Health Administration) has recently announced to have a set of standards specifically for automated handling systems – to assure employee safeguarding at workplaces. This has been spotted as a significant factor pushing the demand for vertical lift module in the upcoming years.

APAC’s manufacturing industry continues to pose stiff competition to already automated industries in North American and European regions. To be able to gain a competitive advantage over other regional players, VLM market participants in APAC are presumed to focus on complete adoption of automated processes - slashing down the gross operational costs and improve overall efficiency. As depicted in the vertical lift module report presented by PMR, the estimated VLM market value for APAC holds a strong promise to outweigh the collective revenue of North America and Europe over the next few years.

According to PMR’s research experts, European countries will continue to face the cyclic variability resulted as the consequence of general risks associated with global economic developments. Moreover, country-specific debt problems and persistent geopolitical uncertainties are likely to influence the region’s economic stability. Furthermore, sector-specific risks are expected to straightaway impact the VLM market volume in the near future. Also, as the GDP has been continuously on a lower side over the recent past, the production of vertical lifts will also possibly continue to witness contraction over the forecast period. Low replacement rates are observed to be a major concern for key market players throughout the forecast period.

Key Players in VLM Market to Strategize Collaborations, M&A, and Production Output Extension

To sustain a strong foothold in the vertical lift module marketplace, a majority of VLM market players are preferring consolidation of sales and distribution network, coupled with quality aftersales service as a necessity. On the similar line, vertical lift module market participants are expected to focus on strengthening their partnerships and long-term contracts with leading distributors in the VLM market and end users.

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Manufacturing facility expansion, strategic collaborations, new product launch, and M&A are currently at the top of VLM manufacturers’ minds, as observed by PMR experts. A majority of vertical lift module companies are taking efforts in pushing their production output for targeting white space opportunities and untapped consumer bases in the VLM market. Besides M&A, new product launch will remain an important strategy adopted by key players in the vertical lift module market, helping them assess the new market entry strategy for maximum number of target market regions across the globe.

Several companies are increasingly preferring to enter new collaborations with leading stakeholders in the vertical lift module market with an objective to operate manufacturing facilities more efficiently and profitably. Technology optimization, coupled with latest technology innovations such as incorporation of auto-assist features, are also being considered as sought after strategies among VLM manufacturers. Key market players in VLM space are also strategizing to capitalize on various opportunities existing in the flourishing online retail/Ecommerce sector.

Companies covered in Vertical Lift Module Market Report

Company Profiles

• Hanel GmbH & Co. Kg.
• Modula Inc.
• Weland Lagersystem AB
• EffiMat Storage Technology A/S
• DMW&H
• Automha SPA
• ICAM Srl
• Constructor Group (Gonvarri Mat
• Daifuku Co. Ltd.
• Jungheinrich AG
• EBHARDT Fördertechnik GmbH

 

 

Wireless Door Lock System Market Expected to be Valued ~ US$ 1,799.3 Mn by 2018 and 2026

Growing proliferation of the Internet of Things (IoT) and connected homes continue to influence the demand and sales of wireless door lock system. With digitization on the rise, the scope of application of electronic locks is likely to witness an upswing, in turn providing an optimistic growth path for wireless door lock system worldwide.

Persistence Market Research envisages that the demand for wireless door lock system is projected to expand at an impressive CAGR of 9.7% in terms of value during the forecast period, 2018-2026. Moreover, sales of wireless door lock system are estimated to surpass US$ 1,700 Mn by the end of the assessment period, according to the report.

Direct Correlation Between Macroeconomic Growth and Door Lock System to Fuel Sales

Sales of door lock system are significantly influenced by macroeconomic aspects, most notably, urbanization, GDP per capita and economic growth. According to OECD analysis, the world’s GDP has reflected an unswerving surge since the past year and ascendency is expected to remain persistent in the long run. Furthermore, the United Nations Department of Economics and Social Affairs has revealed that by 2050, approximately 68 percent of the world’s population is likely to live in urban areas, up from 55 percent in 2017. Direct correlation between wireless door lock system and macroeconomic expansion is expected to auger well for stakeholders in the global market, on the back of growing demand from the rapidly expanding construction sector and electronic industry. Steadiness in residential and commercial construction projects, particularly in emerging economies of Asia Pacific and developed countries in Europe is likely to pave potential growth pathways for wireless door lock system manufacturers.

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Up Gradation to Smart Homes Offering Potential Opportunities for Wireless Door Lock System Manufacturers

Sales of wireless door lock system is likely to increase with growing demand for smart homes. With smart home demand remaining renascent in developed countries, regions such as North America and Europe are expected to emerge as lucrative markets for wireless door lock system. This growth in demand is also augmented with rising smartphone use. On the back of growing GDP per capita, individuals are more inclined towards the use of systems with enhanced security features integrated in their smart homes. Against this backdrop, manufacturers of electronic locks are focused on product innovations, in turn fueling demand for wireless door lock system.    

Innovation as a Means of Sustenance Inducing Novelties in Wireless Door Lock Systems

In the wake of technological advancements, manufacturers of wireless door lock system are innovating their products in a bid to enhance customer experience. Significant increase in the demand for wireless door lock systems have triggered companies to invest substantially in development initiatives to launch novel product additions. For instance, in 2017, Brinks Incorporated introduced a wireless door lock system that uses solar power and is integrated with Amazon Echo voice control feature.

Sales of wireless door lock system in the commercial sector are anticipated to increase at a significant pace during the period of forecast. The report envisages that the wireless door lock system sales in the commercial sector are estimated to cross US$ 900 Mn by the end of the assessment year. However, the demand for wireless door lock system from the residential sector is projected to expand at a relatively high rate as compared to other end use sectors.

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Developed countries of Europe – particularly Germany and the United Kingdom – are likely to showcase increased adoption of wireless door lock system. Sales of wireless door lock system in this region is expected to touch US$ 615 Mn by 2026 end, closely followed by North America.

Companies covered in Wireless Door Lock System Market Report

Company Profile

• ASSA ABLOY Group
• Robert Bosch GmbH
• Godrej Locking Solutions & Systems
• Johnson Controls Plc
• Centurion Systems
• Honeywell International, Inc.
• Salto Systems K.S
• Dormakaba Holding AG
• SentriLock, LLC
• Hanman International Pte Ltd. (Samsung)
• Spectrum Brands, Inc. (Kwikset)
• Allegion plc (Schlage Brand)

Lime Market Expected to be Valued ~ US$ 50 Bn by 2018 and 2026

While the overall lime production and consumption scenario has been foreseen to remain positive over the next eight years, Persistence Market Research anticipates that the global lime market will exhibit sluggish growth over 2018-2026. Sustained production of ferrous and non-ferrous metals is anticipated to forestall the lime market decline through the next few years, further supported by decently increasing decently growing demand for building materials owing to swift infrastructural development and construction activities – especially in emerging economies.

Estimated to expand at a passive CAGR of 2.5% CAGR over 2018-2026, the global lime market is anticipated to approach the value of US$ 50 Bn by the end of 2026. Leading lime market players especially from SEA, Oceania, and Europe are presumed to continue major import of low-cost lime and intermediates from China. The lime market is slated to witness relatively higher expansion of SEA region throughout the forecast period, resulting in various growth opportunities for key players.

A Sizeable Application Base in Automotive, Chemical, Building & Construction, Agriculture, Waste Water Treatment, and Metallurgy to Uphold Lime Sales

“With a dominating revenue share in the global lime market, mining and metallurgy applications will continue to encourage sales of lime throughout the assessment period. Significant consumption of quicklime by agriculture, construction, chemical, metallurgy, and water treatment industries is expected to remain the key factor retaining the dominance of quicklime in the global lime market,” quotes an Expert Research Analyst (Chemicals Domain) at Persistence Market Research.

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“Expansion of the automotive industry, increased construction activities around the globe, coupled with the US government acknowledging its long standing issues associated with steel, are foreseen to push for indigenous steel production – which will predominantly drive the sales of lime in the global market. Another key factor shaping the growth of lime market is the production of precipitated calcium carbonate (PCC), using high-calcium quicklime. Widely used in plastic, paper, paint, and rubber industries, PCC is enjoying high consumption by manufacturers of PVC plastisols, polysulfides, urethanes, and silicones,” the PMR analyst further adds.

Lime Manufacturers Investing Efforts in Enhanced Operational Efficiency and Optimal Energy Consumption

By keeping optimum operational efficiency and productivity at the center, key participants in the lime market landscape are prioritizing periodic capacity expansions along with process improvements that are specifically designed to achieve low carbon emissions as well as energy conservation and optimum fuel expenditure. Lime producers based in the developing regional markets will continue to emphasize enhanced key operational efficiencies. Lime and intermediates import by domestic manufacturers will possibly uplift the lime market scenario, coupled with sustained sale of processed lime products. However, storage of lime will continue to pose a long-term challenge to growth of the players across the value chain of the lime market, as lime cannot be stored for longer owing to its physical and functional peculiarities.

To demonstrate an enhanced application portfolio, several manufacturers in the lime market are strategizing the introduction of new grades of lime. They are augmenting investments in air emission control, dust control, and waste disposal to adhere to real-time environmental regulatory standards. Moreover, cost reduction of lime will remain a longstanding concern of market players, according to PMR study. Rapid adoption of M&A strategy has been slated by big-scale lime producers and smaller lime production companies in the next few years, which is likely to support the progress of lime market in the long run.

Long-term Contracts and Vertical Integration to Remain Key Strategic Moves Adopted by Leading Lime Market Players

Lime producers are preferring long-term contracts with end users based in the proximity of their manufacturing plants in order to encounter high potential opportunities and achieve stability in terms of revenue generation. Vertical integration by large-scale lime manufacturers through acquisition of small and mid-scale manufacturing companies will possibly help the former save significantly on the capital expenditure, controlling other input costs as well. PMR concludes that the vertical integration strategy involving strategic operational alliances and joint ventures will result in value accretive assets generating profitability to the acquiring company. Moreover, building standing relationships with trucking and transportation companies will also remain one of the top strategies among key players in the lime market. This will possibly help manufacturers serve their end users better, at lower freight costs, and reduced demurrage in case of delay during product unloading.

Stringent regulatory measures regarding the maintenance of low carbon emission will continue to negatively impact the overall production cost, hampering the performance of manufacturers in the lime market. Such a scenario is most likely to result in declining performance of the lime market over the next few years. Manufacturing companies are focusing on the development of cost effective and energy efficient lime manufacturing processes to cater to the demands of various environmental laws – without altering production budget.

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Increasing Prominence of Affordably Priced Lime Alternatives to Pose a Major Threat to Lime Production Businesses

In various applications including sulfur removal, fluxing, and agriculture, limestone is widely used as an ideal substitute to lime, as it consists of less reactive material, reacts relatively slower compared to lime, and is affordable. Similarly, calcined gypsum has also been a popular alternative to lime in industrial plasters and mortars. Moreover, affordable cost of magnesium hydroxide enables it to be used as a lime substitute in pH control applications. Increasing preference of end use industries to better and low cost lime alternatives is most likely to eventually compel a number of lime producers to close or suspend their production.

Chlorine Trifluoride Market research to Register a Moderate CAGR During the Forecast Period 2019 - 2029

Chlorine Trifluoride Market: Introduction

Chlorine trifluoride is an interhalogen compound with the chemical formula CIF_3. Chlorine trifluoride is a, colorless, corrosive, and extremely reactive gas. When condensed it turns to pale greenish yellow liquid, the form in which chlorine trifluoride is most often sold in the global market. Chlorine trifluoride gas is made of chlorine and fluorine atoms. Chlorine trifluoride gas is used as a component in rocket fuels, in the nuclear reactor fuel processing, in etching and plasma-less cleaning operations in the semiconductor industry, and many other industrial applications. Besides, chlorine trifluoride also converts many metal oxides to oxygen difluoride or oxygen and metal halides. Along with this, one of the primary application of the chlorine trifluoride is to produce uranium hexafluoride, as a part of nuclear reactor fuel treating and reusing by the fluorination of uranium metal.

Nowadays, nuclear power is one of the prominent sources of energy production across many regions. Demand from nuclear power sector is projected to provide impetus for chlorine trifluoride market growth across the globe.

Chlorine trifluoride Market: Dynamics

The substantial growth of the key end-use industries is expected to be one of the prime factor for chlorine trifluoride market growth during the forecast period. Chlorine trifluoride is extensively used in the semiconductor industry for the application of cleaning chemical vapor deposition chambers. Chlorine trifluoride has the advantages that it can remove solid residues from the wall of the chamber without disassembling chambers. The application of chlorine trifluoride also allows cleaning to be accomplished at relatively low temperatures. Such advantages of its use in the semiconductor industry have built a good track for the robust growth of the chlorine trifluoride market across the globe. Moreover, technological advancement and continuous innovations in the aerospace industry are expected to attributing towards the evolution of chlorine trifluoride gas application in rocket propellant fuel across those regions, where the aerospace industry is well-established. Also, the use of chlorine trifluoride in many military applications is anticipated to push to drive market growth in the upcoming years.

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However, chlorine trifluoride gas is highly reactive and toxic. It can be oxidizing itself and making an extremely effective explosive. For instance, numerous stiff regulations and standards to use chlorine trifluoride gas, as well as illegal use, is prohibited by various governments of different regions are projected to hampering the market growth in the forthcoming years.

Chlorine Trifluoride Market: Segmentation

Global chlorine trifluoride market can be segmented on the basis of grade, end-use, and region.

On the basis of grade, the chlorine trifluoride market is segmented into:

• Electronic Grade
• Industrial Grade

On the basis of end-use, the chlorine trifluoride market is segmented into:

• Semiconductor Industry
• Rocket Propellant
• Military
• Nuclear Power
• Others

Chlorine Trifluoride Market: Regional outlook

From the regional perspective, the Asia Pacific is estimated to account for dominating share in the global chlorine trifluoride market and register substantial growth in the coming years. Several growth factors such as end-use industries evolution, technological development, a hefty investment in research and development across that region are expected to contributing to robust market growth in the coming years. Moreover, North America followed by Europe is projected to witness prominent growth in the global chlorine trifluoride market in the near future. The numerous factors pushing chlorine trifluoride market growth are; the well-established aerospace industry, innovations, and development in the semiconductor industry, and strengthening military of those regions through new technology and advanced weapons, among others. Moreover, the Middle East & Africa and Latin America are expected to witness relatively moderate growth in the global chlorine trifluoride market in the coming years.

Chlorine Trifluoride Market: Market participants

Some of the key market participants involved in the chlorine trifluoride market are as follows:

• Air Products and Chemicals, Inc.
• Versum Materials
• DOD Technologies Inc.
• Air Liquide S.A.
• Linde
• Enerize Corporation
• Mott Corporation
• Kanto Denka Kogyo Co., Ltd.
• Wuxi Yuantong Gas Co., Ltd.
• Chengdu Xinyuan Chemical Co., Ltd.

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The research report presents a comprehensive assessment of the chlorine trifluoride market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

Pump Casting Market research to Register a Moderate CAGR During the Forecast Period 2019 - 2029

Pump Casting Market: Introduction

Pump casting is a process of designing and casting of the pump components based on different metals and metal alloys. Such process of pump casting enhances the strength and corrosion resistance. Pump casting is applied over important parts of pumps such as casing, impeller and other body parts or components. The implementation of technology in foundries to stimulate melting process and deployment of advanced furnaces plays a significant role in the pump casting market.    

The pump casting companies are investing in state of the art machines and technology to offer precision, process consistency, automated process monitoring and reduce labor costs. The current end use industry sectors require the custom manufactured pump products to meet the requirement for the specific applications and to provide augmented efficacy for the required end use application. The customers for the steel casting products now a days are more inclined towards the custom pump casting products.

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Pump Casting Market: Market Dynamics

The rising trend in the export of pump casting products from India, China and Indonesia has been a notable trend where the tier-1 pump OEMs around the globe have procured the pump casting products and assembled to shape the final product thus saving the manufacturing overheads to a good extent and driving the profitable growth. The export based markets have proved to a major source of revenue generation for the pump casting companies which is expected to continue in the long run. The government initiatives, export tax rebates and other subsidies is boosting the manufacturing sector which is enhancing the manufacturing across the numerous end use industry providing a wide range of target customers. This acts as a key driving factor for the growth of pump casting market.

The pump casting companies are looking precision casting which is expected to offer high quality casting products along with customer retention and in gaining new pump casting projects. The companies are increasing the reliability of the products of the company, many manufacturers are keen towards acquiring the quality certifications for their products as well as for the company. The pump casting companies in developing economies are planning for certifications such as TUV Nord certification and the ISO 9001:2008 are the two most sought after certifications form the pump casting manufacturers.

Pump Casting Market: Market segmentation

The global pump casting market can be segmented into type, and application.

On the basis of pump type, the global pump casting market is segmented into:

• Dynamic Pumps    
• Centrifugal Pumps
• Axial Pumps
• Radial Flow Pumps
• Positive Displacement Pumps    
• Rotary Pumps
• Reciprocatory Pumps
• Linear Type Pumps

On the basis of casting type, the global pump casting market is segmented into:

• Silical sol casting
• Sand casting
• Die casting

On the basis of material type, the global pump casting market is segmented into:

• Stainless Steel
• Alloy Steel
• Carbon Steel
• Cast ductile iron
• Grey iron
• Brass
• Gun Metal
• Aluminum
• Bronze

On the basis of size, the global pump casting market is segmented into:

• Less than 150 mm
• 150 to 300 mm
• 300 to 500 mm
• 500 to 800 mm
• 800 mm to 1,000 mm
• Above 1,000 mm

On the basis of manufacturing category, the global pump casting market is segmented into:

• Original Equipment Manufacturing (OEM)
• Original Design Manufacturing (ODM)
• Customization

Pump Casting Market: Regional Outlook

The growth in export of pump casting towards North America and Europe is one of the key factor that is driving the global pump casting market. The pump manufacturers from countries in USA, UK, and other European countries are looking to acquire pump casting companies and it will have a major impact in the global pump casting market. The manufacturing hubs of BRICs countries such as China, India and Brazil is expected to witness a healthy growth for the pump casting market.

The South East Asian countries are expected to grow with a swift pace due to the well-known pump casting in southern part of India, Indonesia, Vietnam, etc. which is further driven by heavy growth in the end use sectors. Such a growth trend will provide a substantial customer base to the pump manufacturing companies. In addition to that, the pump manufacturers are initiating new production bases in countries such as Vietnam and Indonesia which will strongly support the growth of pump casting market. With India being the third largest steel producer and a prominent exporter of the steel, the government is focused towards the further development which will drive the pump casting market

Pump Casting Market: Key Market Participants

Some of the key market participants in the global pump casting market are:

• CALMET 
• CFS foundry
• D. K. Technocast,
• Energy Technocast 
• Investment Casting Foundry & Machining
• MEERA TECHNOCAST
• Metflow Cast Pvt Ltd
• OTTOMMO Casting
• Premier Die Casting
• Rajmani Castings
• Shanghai Casting and Machining Ltd
• Suyash Casting
• Tamboli Castings Limited
• The Allied Founders Pvt. Ltd.
• U.S. Casting Company
• Unideritend 

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The pump casting market research report presents a comprehensive assessment of the pump casting market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The pump casting market research report provides analysis and information according to market segments such as geographies, pump type, casting type, material type, size and manufacturing category.

Smart Pigs Market research to Witness Significant Incremental Opportunity During 2019 - 2029

Smart Pigs Market: Introduction

The smart pigs are called as In-line inspection (ILI) smart pigs and they are used to travel through pipelines which will help the pipeline operators to detect issues in the internal portion of pipeline. Smart pigs are also used to perform preventative maintenance activities before an incident or accident occurs which would led to delay or leak. These smart pigs are widely used in oil and gas pipelines and installing smart pigs have reduced nearly 3/4^th of incidents in pipelines.   

The key advantage of smart pigs is that it is automatic and there is no need for halting flow of materials through pipelines. Further, the smart pigs are useful in inspection and cleaning which allows the pipeline to be completely inspected without any inspector or man power to monitor the inner section of the pipelines. The cleaning and inspection services are performed by smart pigs in a single time which saves time, money and enhances efficiency and life time.     

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The major difference between the smart pigs and the rest of pigs is that it can register the pipelines exact location in three dimensions (3D). Further, smart pigs can measure the actual wall thickness of pipelines for the determination and identification of wall thickness loss due to corrosion and wear, and for future comparison.    

Smart Pigs Market: Market Dynamics

The key driving factor for the adoption of smart pigs over other mechanical pig devices is the end use industries measures the lost product opportunity which is the downtime with the monetary utilization. The global smart pigs market is also facing certain challenges such as the smart pigs are experiencing limitations with respect to the detection of small defects. In addition to that, the smart pigs are getting struck in the pipelines as it leads to high investment for the extraction and repair processes which is negatively impacting the market growth.

Currently, the smart pigs of Magnetic Flux Leakage technology is finding a key adoption rate over the others in the global smart pigs market. 

The manufacturing companies of smart pigs are focusing on exploring their market presence in Asian countries by delivering their services and technology to the client directly or through partnerships with service companies. In addition to that, the manufacturers are also entering into the services such as commissioning and pipeline maintenance which will be a key factor in the global smart pigs market.   

Smart Pigs Market: Market segmentation

The global smart pigs market can be segmented into problem category, type of material flow, speed, technology and application.

On the basis of problem category, the global smart pigs market is segmented into:

• Dents
• Cracks
• Corrosion
• Route Surveying
• Loss of Coating

On the basis of type of material flow, the global smart pigs market is segmented into:

• Oil
• Gas
• Water and wastewater
• Chemicals

On the basis of speed, the global smart pigs market is segmented into:

• Less than 3 MPH
• 3 to 5 MPH
• Above 5 MPH

On the basis of technology, the global smart pigs market is segmented into:

• Magnetic Flux Leakage (MFL)
• Electromagnetic Acoustic Transduction (EMAT)
• Internal Navigation System / Global Positioning System (INS/GPS)

On the basis of application, the global smart pigs market is segmented into:

• Onshore
• Offshore

Smart Pigs Market: Regional Outlook

The global smart pigs market is currently led by North America followed by Europe and East Asia. The new pipeline installation projects are having a linear growth in the regions such as Asia Pacific, Middle East and Africa and Latin America and these regions will offer major opportunity for the installation of smart pigs in the forecast period. The technological advancements and reduction in downtime associated with cost savings acts an important factors in positively influencing the adoption of smart pigs in the global market.

The oil and gas and chemical industries are having a moderate growth rate whereas water and wastewater industry is highly impacting the adoption of smart pigs in terms of growth rate. The countries such as China, India, Brazil, Malaysia, Australia and African countries will offer the key driving opportunities for the installation of smart pigs in the forecast period.

Smart Pigs Market: Key Market Participants

Some of the key market participants in the global smart pigs market are:

• 3P Services GmbH & Co KG
• Apache Pipeline Products.
• CDI
• China Petroleum Pipeline Inspection
• Dacon Inspection Services Co Ltd.
• DSV Pipetronix Group
• Enduro Pipeline Services, Inc.
• GD Engineering
• GE Oil and Gas (PII Pipeline Solutions) 
• Halliburton (Pipeline & Process Services)
• i2i Pipelines
• IK WORLDWIDE
• iNPIPE PRODUCTS™
• LIN SCAN Advanced Pipeline & Tank Services
• Pigs Unlimited International, Inc
• Pipeline Engineering & Supply Co. Limited
• Propipe
• ROSEN Group
• T.D. Williamson, Inc.

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The smart pigs market research report presents a comprehensive assessment of the smart pigs market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The smart pigs market research report provides analysis and information according to market segments such as geographies, material type, temperature range, and end use.

Turbine Motor Market research to Witness Significant Incremental Opportunity During 2019 - 2029

Turbine Motor Market: Introduction 

The turbine motor is also called as turbine generator and the major function of turbine motor is to produce electricity. The turbine motors vary for different application in power generation. The turbine motors are used widely in wind turbines and other power plants. The key advantages of turbine motor is the requirement of air is 1/3^rd less than that of pneumatic vane motor and the power to weight ratio is one half of the latter.  

The turbine motors are manufactured by meeting motor controls of IEC and NEMA.  The under construction of renewable energy power plants to generate electricity for the future demand is expected to drive the global turbine motor market. The leading players in the turbine and turbine motor market are focusing on investing in research and development to create massive wind turbines by turbine manufacturers for both onshore and offshore applications.

Turbine Motor Market: Market Dynamics

The growing trend towards the green energy production and micro power plants have been driving factors for the market growth of turbine motors. The major challenge for the global turbine motor market is the high capital cost and maintenance that are involved and this will have a negative impact on the market growth.  

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The wind energy production and developing economies plans to enhance their wind energy capacity is driving the global turbine motor market. The global power giants such as Siemens, ABB and General Electric are acquiring new gas turbine power plant projects to install turbine motors and diagnostic services in Middle East countries such as Iran, Iraq etc. In addition to that, the steam turbine projects for the retrofitting business and modernization projects are driving the turbine motor market but it is expected to grow at a steady pace.     

Turbine Motor Market: Market segmentation

The global turbine motor market can be segmented into type, and application.

On the basis of power rating, the global turbine motor market is segmented into:

• Less than 300 W
• 300 to 500 W
• 500 to 1,000 W
• 1,000 to 5,000 W
• Above 5,000 W

On the basis of electric output, the global turbine motor market is segmented into:

• AC
• DC

On the basis of phase type, the global turbine motor market is segmented into:

• Single Phase
• Three Phase

On the basis of installation base, the global turbine motor market is segmented into:

• Onshore
• Offshore

On the basis of application, the global turbine motor market is segmented into:

• Wind Turbine
• Gas Turbine
• Hydro Turbine
• Steam Turbine

Turbine Motor Market: Regional Outlook

The green energy production in developed economies such as US, Germany, the UK, France, Italy and Japan is keeping the global turbine motor market to have a linear growth trend. It is expected that the same trend will continue the same in the forecast period due to the government initiatives to reduce carbon footprints in developing economies such as India, China, Brazil, Mexico, Turkey, Thailand, and Indonesia. Further, the developed economies such as Germany are investing in combined wind and hydro power projects which will be a major trend in the forecast period and it will drive the global turbine motor market.

The turbine motor market is gaining a rapid growth potential in APAC region especially in countries such as China, Australia, India, and Indonesia. These countries are investing heavily in green energy production and to enhance their wind energy capacity especially in wind and hydro energy which is driving the sales of wind turbine motor. The turbine motor market is posing a strong growth due to new power plant projects for new hydropower stations in India and China as these countries will play a significant role in the global turbine motor market.     

    

Turbine Motor Market: Key Market Participants

Some of the key market participants in the global turbine motor market are:

• ABB
• ATB Riva Calzoni S.p.A.
• A-Wing International Co., Ltd
• DEPRAG SCHULZ GMBH
• Hangzhou Lectstyle Trade Co., Ltd.
• Hoyer Motors
• MITSUBISHI HEAVY INDUSTRIES, LTD.
• Shanghai Dagan Industry Co., Ltd.
• Siemens
• Suzlon Energy Limited 
• TD Power Systems Private Limited 
• WEG
• Yantai Petroleum Machinery Co., Ltd.
• YAWATA Electric Machinery Mfg. Co., Ltd.

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The turbine motor market research report presents a comprehensive assessment of the turbine motor market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The turbine motor market research report provides analysis and information according to market segments such as geographies, application, installation base, phase type, electric output, and power rating.

Shale Shakers Market research to Witness Significant Incremental Opportunity During 2019 - 2029

Shale Shakers Market: Introduction

Solid shakers are intensive vibrating device for mud separation or removal of large solids from drilling mud as they improve the economy in rigs, coal and mining fields etc. Shale shakers are equipment’s that are used in oil and gas drilling applications and further they are also used in mining, coal cleaning, chemical and plastic industries. The shale shakers are an important equipment in solid control system where it remove large solid particles from drilling fluid in a drilling rig.

The key advantage of shale shakers is that it plays a vital role in reducing the costs that is associated with the drilling fluids. Among the technologies the linear motion shale shaker are widely used in oil and gas drilling applications for drilling mud solid control. The linear motion shale shakers have advantages due to wide screen area, cost-effective and compressed structure.

Shale Shakers Market: Market Dynamics

The recent development in offering a combo pack which covers desander, desilter and shale shaker in a single unit is driving the market growth of global shale shakers market. The adoption of shale shakers in the offshore drilling platforms is finding a leading growth trend and it will anticipate the market growth of shale shakers. The key driving factor for shale shakers is it offers outstanding throughput capacity and solids separation efficiency. The end users are looking for advanced shale shakers with less screens so as to increase their efficiency and to reduce the operating budget.  

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The oil and gas exploration, drilling and production are finding a major growth in the last decade but installation of shale shaker for solid removal in waste disposal, paper, powder, and sand, plastic and mining of precious metal will have higher growth rate. In addition to that, the dual deck and triple deck shale shakers are finding major growth opportunity as they offers higher efficiency in solid separation. The key challenge in the shale shakers market is the trade war between the US and China as they are among the leading oil and gas producing countries in the world.       

Shale Shakers Market: Market segmentation

The global shale shakers market can be segmented into product type, motion type, type of Installation, drive system, screen quantity and application.

On the basis of product type, the global shale shakers market is segmented into:

• Mini Shale Shakers
• Single Deck
• Double Deck
• Triple Deck

On the basis of motion type, the global shale shakers market is segmented into:

• Linear motion shale shakers
• Balanced elliptical motion shale shakers 
• Circular motion shale shakers

On the basis of type of installation, the global shale shakers market is segmented into:

• Newly Installed
• Retrofitted

On the basis of drive system, the global shale shakers market is segmented into:

• Electrically Driven
• Belt Driven

On the basis of screen quantity, the global shale shakers market is segmented into:

• Less than 3
• 3 to 5
• Above 5

On the basis of application, the global shale shakers market is segmented into:

• Coal Cleaning
• Mining
• Oil and Gas Drilling
  • Onshore
  • Offshore
• Chemical and Petrochemical
• Plastics
• Others

Shale Shakers Market: Regional Outlook

The growing number of oil and gas drilling and production activities have driven the market growth for global shale shakers market. The countries such as Thailand, Indonesia, Brazil, Nigeria, Argentina etc. are expected to have major growth opportunities in terms of new oil and gas drilling activities which will drive the installation of shale shakers. The growing consumption natural gas is an important factor as it is enhancing the production activities which drives the global shale shakers market.     

The manufacturers of shale shakers are widely spread and the leading manufacturers are presented in the US, China, Western Europe and India. The suppliers are widely spread in the leading oil and gas producing countries and the export of shale shakers from China and other Asian countries to Middle East, Russia and Africa is driving the market revenue for global shale shakers market.    

Shale Shakers Market: Key Market Participants

Some of the key market participants in the global shale shakers market are:

• DEL Corporation  
• Derrick Corporation
• GN Solids Control
• Halliburton
• KEMTRON Technologies, Inc.
• National Oilwell Varco
• Petropath Fluids (India) Pvt. Ltd.
• Schlumberger Limited
• Shan Dong LanDa Petroleum Equipment LLC  

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The shale shakers market research report presents a comprehensive assessment of the shale shakers market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The shale shakers market research report provides analysis and information according to market segments such as geographies, product type, motion type, type of Installation, drive system, screen quantity and application.