Pumping systems account for nearly 20% of the world’s demand for electric energy. Different type of pumps used in the industry are centrifugal, reciprocating, and helical rotor pumps. Motor control circuits are used to reduce co ....see more
The global marine gensets market is forecasted to grow from USD 4.50 Billion in 2016 to USD 5.40 Billion by 2021 at a CAGR of 3.71%. The marine gensets market growth is mainly driven by rise in ship-building industry and enforcement of stringent emission norms by IMO (International Maritime Organization), US EPA and European Commission.
The global pneumatic conveying systems market is projected to reach USD 7.04 Billion by 2021, growing at a CAGR of 6.4% from 2016 to 2021. This growth can be attributed to growing demand for advanced and energy efficient pneumatic conveying systems and growth of emerging economies. Pneumatic conveying systems are principally used to transport materials like powders, pellets, and granules from source to destination using pressure conveying or vacuum conveying methods with efficiency and with minimal loss.
The intelligent pump market is expected to grow from an estimated USD 613.7 Million in 2016 to USD 880.0 Million by 2021, registering a CAGR of 7.5% from 2016 to 2021. The global market is set to witness significant growth, due to the focus on the water & wastewater treatment sector, the growth of building automation sector in Europe and North America, and the growing demand for digital oil fields.
The global high pressure pumps market is projected to grow at a CAGR of 3.2% from 2016 to 2021, to reach a market size of USD 2.76 Billion by 2021. This growth is attributed to the development of the manufacturing sector in South Asian countries and investments in sectors other than oil & gas in the Middle East and North Africa (MENA) region.
The global AC drives market is projected to grow at a CAGR of 7.0% from 2016 to 2021, to reach a market size of USD 22.07 Billion by 2021. This growth is attributed to the increasing urbanization & industrialization, rising need for energy efficiency, and regulations on energy efficiency.
The industrial air compressor market is projected to grow from an estimated USD 25.71 Billion in 2016 to USD 34.87 Billion by 2021, at a CAGR of 6.3%. Expansion of liquefaction and regasification facilities across globe, rising demand for energy efficient compressors, and rapid industrialization in emerging economies are the key driving factors for industrial air compressors.
The global turbocompressor market is projected to grow at a CAGR of 5.4% during the forecast period, to reach USD 15.81 Billion by 2021. This growth can be attributed to the rising investments in the manufacturing sector and the increasing LNG trade between countries.
The global synchronous motors market is projected to grow at a CAGR of 3.8% during the forecast period, to reach USD 21.49 Billion by 2021. High efficiency associated with synchronous motors, power factor correction capabilities, and stringent regulations are driving the synchronous motors market worldwide. High efficiency associated with synchronous motors makes it superior in comparison to induction motors. This has emerged as a major trend in the synchronous motors market.
The global cryogenic pump market is expected to reach USD 1.96 Billion by 2021, at a CAGR of 3.28% from 2016 to 2021. Increasing focus on gas-based generation and growing demand for medical gases are expected to drive the cryogenic pump market. Cryogenic pumps are employed to create, withstand, and operate in temperatures which are in the range of -120°C or below.
The global gear motors market is estimated to be USD 18.08 Billion in 2016, and is projected to reach USD 23.94 Billion by 2021, growing at a CAGR of 5.8% from 2016 to 2021. Factors driving the gear motors market include increasing wind power installations, the minimal cost and compact nature of gear motors, and growing concerns regarding the efficiency of mechanical power transmission.
The diaphragm pumps market is expected to grow from an estimated USD 2.67 Billion in 2016 to USD 3.48 Billion by 2021, at a CAGR of 5.3% from 2016 to 2021. Factors such as development in water, wastewater, & sanitation sector and demand for diaphragm pumps in the chemical industry are driving the market worldwide.
The global motor protection market size is estimated to be around USD 5.09 Billion in 2015, and is expected to grow at a CAGR of 6.86% during the forecast period. Factors driving the motor protection market include global rise in demand for motors and growing concern towards its safety and growth in HVAC system. Major offshore oil & gas developments and rising expenditures in the water & wastewater industry are the major opportunities of the motor protection market.
Factors driving the combination starter market include the increasing demand for pumps, low cost & compact nature of combination starters, and growing concerns regarding motor control and protection. The global combination starter market size touched USD 687.1 Million in 2014, at USD 926.6 Million by 2020, and is expected to grow at a CAGR of 5.19% from 2015to 2020. The global combination starter market has been primarily segmented on the basis of its type which includes reversing and non-reversing. Secondly it has been segmented on the basis of power rating into up to 7.5KW, 7.5-75 KW and above 75 KW.
A DC drive is an electric device used to regulate the speed of a DC motor by controlling the input voltage and/or amperage to the DC. Its major advantage includes operational cost savings by reduction in energy consumption and increase in the service life of DC motors. DC Drives market is estimated at USD 2.1 Billion in 2015, and is projected to reach USD 2.3 Billion by 2020.
The global Dry Type Transformer market is expected to reach USD 5.38 Billion by 2020 from USD 4.16 Billion in 2015, at a CAGR of 5.3% between 2015 and 2020. Transformers are electrical devices that transfer energy between two or more circuits through electromagnetic induction. Dry type transformers have their windings enclosed in sealed and pressurized tanks, and are air cooled. Dry type transformers provide safety against fire and leakage, which also reduces environmental and health concerns. These types of transformers are moisture proof and have better impulse and short circuit strength. Dry type transformers have wide applicability in domestic as well as industrial segments.
Disconnect switch is predominantly used to isolate the electrical circuit or equipment from its source of power to perform maintenance. It can also be used as a switching device when incorporated with a fuse. Disconnect switches are used in power distribution and industries to perform repair and maintenance on the machinery by disconnecting them from electrical energy source. Disconnect switch forms an essential part of switchgear in transmission and distribution lines and are used for varied applications. The global market for disconnect switch is projected to reach $12.6 Billion by 2020, at a CAGR of 7% from 2015 to 2020. The market has been analyzed by type, mount, voltage, application, and region.
Increasing population and better living standards in developing countries have led to a surge in energy and infrastructural demands. The total world population was 7.3 Billion in 2014, and is expected to grow at a rate of 1.14% per year. Emerging economies such as China, India, and Brazil are trying to develop infrastructure to provide their people the basic amenities. This is likely to boost the construction market of these countries, thereby augmenting the Hydraulic Power Unit (HPU) market in the region. Asia-Pacific held the largest share of approximately 34% in 2013, followed by North America, which held 22% of the total market share in the same year, and is expected to grow at a CAGR of 4.3% during the forecast period. The HPU market is estimated to reach $6.0 Billion at a CAGR of 5.6% from 2014 to 2019.
Growing importance to water and wastewater treatment by national governments and increased production from pharmaceuticals and chemical processing industries are expected to drive the global dosing systems market. It is estimated to reach $5.3 Billion by 2019, at a CAGR of 5.0% from 2014 to 2019. The African and Middle East markets are expected to have high growth due to the diversification of economies and reduced dependence on oil; these regions are expected to witness high growth during the forecast period.
The Asia-Pacific submersible pumps market is projected to grow at a CAGR of 6.4% from 2014 to 2019. China was the single-largest market for submersible pumps in 2013, holding 29.1% share, and is set to continue its dominance till 2019. It is likely to emerge as the fastest growing market during the forecast period, exhibiting a CAGR of 7.0% from 2014 to 2019, followed by India at 6.9% and Indonesia at 6.7% during the same period.
Industrial valves market in Middle East and Africa is being driven by increasing demand for valves in oil & gas, chemical and municipal applications. The industrial valves market is expected to grow at a CAGR of 5.7% between 2014 and 2019. The market for oil & gas is estimated to be one of the fastest growing markets for industrial valves from 2014 to 2019.