Sodium Silicate Market to Reflect Impressive Growth Rate During 2017 - 2025

Prominent participants in the global sodium silicate market include PQ Corporation, Evonik Industries AG, BASF SE, W.R. Grace & Co., CIECH Group, Silmaco NV, Oriental Silicas Corporation, Aromachimie Company Ltd, Industrial Chemicals Ltd, SIEKEM d.o.o, MAGNIFIN, BEKO Troyan, Glassven C.A, Z.Ch. Rudniki SA, Huber Engineered Materials, PPG Industries, Tokuyama Siltech Co. Ltd, Occidental Chemical Corporation, Nippon Chemical Industrial Co. Ltd, Solvay, and Diatom.

In this competitive market, keen players are mulling over strategic partnerships and mergers and acquisitions apart from pouring money into research and development for novel products. These players have also been involved in capacity expansion, which has resulted in demand-supply gap due to higher production volumes. This in turn, has restricted the entry of new players in the sodium silicate market.

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A fresh business intelligence study by Transparency Market Research (TMR) reveals the global sodium silicate market to be expand at a CAGR of 1.92% for the forecast period between 2016 and 2025. Rising at this pace, the market’s valuation of US$4.9 bn in 2016 will become US$5.81 bn by the end of 2025.

Among the key application segments, in 2016, silica manufacturing led the overall market holding 26.8% share. The detergents segment held 15% of the market in 2016; going forward the segment is likely to display an increased market share. Geography-wise, Asia Pacific held the leading share of 54% in the overall market in 2016. Europe stood as the second-leading market holding 21.8% share in 2016.

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Efficacy to Maintain Optimum pH of Cleaning Products Boosts Demand

The global sodium silicate market is anticipated to display significant growth over the forecast period between 2016 and 2025 mainly due to the rising demand for sodium silicate from a number of end-use industries such as construction and tire. For instance, the growing demand for environmental-friendly binders in the construction sector and increasing switch to green tires are expected to bode well for the sodium silicate industry.

Over the past few years, rising disposable incomes and changing consumer preference in both developed and emerging economies have led to expansion of detergents and cleaning agents market. This is because rising awareness of the importance of staying healthy is augmenting the demand for detergents and cleaning agents. Sodium silicate allows to maintain effective pH level during cleaning operations. As a result, effectiveness of surfactants and soaps and detergency of cleaning products is improved. Due to these properties, sodium silicate has become a popular additive in detergents and cleaning products.

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Further, rapid growth of agriculture and waste water treatment sector in emerging economies such as Brazil, India, and South Africa are likely to have a positive influence on the sodium silicate market. Growing demand for sodium silicate in the manufacture of precipitated silica, pulp & paper, elastomers, and catalyst applications is also acting in favor of the growth of sodium silicate market.

Growth of Paper Recycling Industry for Environmental Reasons Stokes Demand

Additionally, sodium silicate witnesses high demand as an adhesive and binder from the manufacturing industry. Sodium silicate is witnessing increasing demand for binding various products such as corrugated board, fiber drums, angle boards, toilet tissues, and paper napkins. Precipitated silica accounts as the leading application for liquid sodium silicate.

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Lastly, environmental concerns leading to increasing efforts for waste paper recycling is indirectly benefiting the sodium silicate industry for paper and pulp bleaching.

Offshore Drilling Rigs Market Progresses for Huge Profits During 2017 – 2022

The offshore drilling rigs market is benefitting from the incessantly increasing demand for energy and technological advancements to harness the most difficult resources to generate energy. An offshore rig is typically a platform to drill underwater wells, extract product, and in most cases also to store oil or gas before it is transported to refineries or other destinations.
Offshore drilling rigs have come a long way from the wharf-based rigs that were used in the late 1800s thus enabling oil companies to take deep-sea exploration to new heights. Offshore drilling rig systems that are presently used are to tap petroleum reserves in waters more than 7,500 feet deep, and are as much as 200 miles away from the nearest shore. The deep-water rigs that are used today are equipped with advanced technology and are held by poles as high as 10,000 feet long, which was unimaginable with predecessor rigs. With unprecedented development in oil drilling technology, rigs that include elements from different models have been developed to deliver specific needs.
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In the U.S., of the 9.8 million individuals involved in the oil and gas industry, offshore drilling gives occupation to a large number of individuals. So much so, offshore drilling has been anticipated to be the key to reduce and eventually eliminate America’s dependence on foreign oil and petroleum products. However, offshore drilling has been under controversy in recent years, with many people viewing this drilling method to be harmful to the environment. On the contrary, the benefits of offshore drilling of reducing incidents of natural oil seepage into the ocean far outweighs risks associated with offshore drilling.
According to a report by Transparency Market Research, the global offshore drilling rigs market is likely to expand at a CAGR of 3.5% between 2017 and 2022, for the market to become worth US$41,922.8 mn by the end of 2022 from US$35,336.2 mn in 2017. The report presents valuable insights about how the global offshore drilling rigs market will sail through between 2017 and 2022 that are discussed below;
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Global Offshore Drilling Rigs Market: Key Insights
Of the various types, jackup rigs account for the leading share in the overall market for offshore drilling rigs. The segment is expected to represent 43% of the market to be valued at US$15,208.8 mn by 2017 end. Expanding at a CAGR of 2.4% for the forecast period between 2017 and 2022, the segment is expected to be worth US$17,111.0 mn by the end of 2022.
The jackup rigs product type segment is expected to display year on year absolute growth of US$380.4 mn, which is larger than any other product segment.
As per application classification, shallow water drilling, deep water drilling, and ultra-deep water drilling are the segments into which the global offshore drilling rigs market is divided in this report.
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On the geographical front, North America is expected to hold supremacy vis-à-vis revenue amongst other key regions such as Europe, Asia Pacific except Japan, Japan, Latin America, and the Middle East and Africa in the global offshore drilling rigs market. North America offshore drilling rigs market is the most attractive due to tremendous oil and natural gas reserves in the oceans surrounding North America. Expected to post a CAGR of 3.9% between 2017 and 2022, the market will attain a value of US$9,829.6 mn by the end of 2022.
Global Offshore Drilling Rigs Market: Competitive Analysis
The global offshore drilling rigs market is envisaged to display moderate competition with the dominance of a few large companies. Key players in the global offshore drilling rigs market are Tranocean, Ensco, Seadrill, COSL, Diamond Offshore, Paragon Offshore, Ocean Rig, and Nabors Industries Limited.
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PV Micro Inverters Market Progresses for Huge Profits During 2017 - 2022

The global PV micro inverters market is characterized by the rivalry between the leading vendors of PV micro inverters across the world, such as Sungrow Power Supply Co. Ltd., ABB Ltd., General Electric, Enphase Energy Inc., SunPower Corp., and Darfon Electronics Corp., finds a new research study by Transparency Market Research (TMR). These companies are aggressively concentrating on technological advancements in their products to strengthen their presence in the overall market. Continual introduction of new and innovative products is also a key strategy adopted by these players for the development of their businesses.

Over the forthcoming years, the competition within the market is expected to intensify as a number of enterprises are shifting their focus towards emerging economies, having abundant untapped potential, notes the research study.

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Continued Dominance of North America

As per TMR’s estimation, the opportunity in the worldwide PV micro inverters market is likely to touch US$489.1 mn by the end of 2017. Further, the market is projected to witness a tremendous upswing at a CAGR of 15.20% during the period from 2017 to 2022 and attain a value of US$990.3 mn by the end of the forecast period. Standalone PV micro inverter systems are enjoying a stronger demand than their integrated counterparts. Researchers predict this setup will remain so over the period of forecast. Currently, the demand for PV micro inverters is higher in the residential sectors. Thanks to the rising demand for continuous supply of power from individuals, this trend is expected to continue in the near future.

Among all the regions, North America surfaced as the leading regional market for PV micro inverters, owing to the presence of a technologically advanced infrastructure. Rising at a healthy CAGR of 15% between 2017 and 2022, this regional market is predicted to maintain its dominance over the next few years. Asia Pacific, however, is likely to present the most lucrative opportunities for the market’s growth in the years to come. The presence of ample untapped potential and abundant solar power resource will support the Asia Pacific market for PV micro inverters to grow at a steady rate over the forthcoming years, reports the research study.

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Need for Off Grid Electricity to Boost Demand for PV Micro Inverters
According to a TMR analyst, “PV micro inverters are expected to witness strong rise in their demand, thanks to the increasing need for off grid electricity across the world.” The rising concerns over safety and security from electricity has fueled the need for access to state-of-art resources of energy.
Apart from this, various favorable initiative by the governments in several countries, with an aim to encourage the usage of sustainable energy, such as net metering and feed in tariff, are also expected to promote the deployment of these inverters, complementing the growth of this market in the near future.
While the future of this market looks great, several challenges, such as the high cost incurred in the installation of these inverters, may limit their adoption over the next few years, reflecting negatively on this market, states the research report.

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Food Processing Equipment Market Progresses for Huge Profits During 2017 - 2022

Food and beverage companies are looking for optimizing operations to stay competitive in the market. Hence, food processing equipment manufacturers are focusing on enhancement of features in the existing products and development of technologically advanced equipment. The increasing need for flexible equipment is giving rise to the automation to efficiently carry all the operations. Safety, energy efficiency and reduction in maintenance cost are some of the critical factors in the food and beverage industry.

The report also offers a detailed profile of some of the leading market players such as ALFA LAVAL GEA Group AG, Bucher Industries AG, Bühler AG, Krones AG, AB Electrolux, Tetra Laval, John Bean Technologies Corporation, SPX Corporation, Dover Corporation, Marlen International, Inc., Marel, NICHIMO CO., LTD, BMA Braunschweigische Maschinenbauanstalt AG, Meyer Industries, and Middleby Corporation.

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Global Food Processing Equipment Market to Witness Strong Growth between 2017 and 2022

According to the latest report compiled by Transparency Market Research (TMR), the global food processing equipment market is expected to witness healthy growth, expanding at a CAGR of 6.7% during the forecast period 2017-2022. The market is also estimated to reach US$ 70,510.1 million revenue by the end of 2022.

On the basis of equipment type, compared to all the food processing equipment, thermal equipment is expected to dominate the global food processing equipment market during the forecast period. By food type, the market is segmented into processed, and unprocessed food. Among these, processed food is expected to lead the market. In the terms of application, bakery and confectionery segment is anticipated to be the largest user of food processing equipment. By the operation, semi-automatic food processing equipment is expected to witness significant growth during the forecast period.

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On the basis of region, the report includes North America, Europe, Latin America, APEJ, Japan, and MEA. APEJ is expected to emerge as one of the dominating regions in the global food processing equipment market. The region is estimated to account for nearly two-fifth of the revenue share by the end of 2017.

Rise in Adoption of Energy-Efficient Food Processing Equipment

Food processing equipment manufacturers are devising new strategies to establish their products in the market by integrating latest technologies. Owing to the increasing adoption of green technologies, manufacturers are producing food processing equipment that are energy-efficient and also saves operation and maintenance cost. In order to reduce carbon footprint, existing food and beverages companies are also replacing old equipment with the new energy-efficient equipment. Increasing awareness on serious environmental concerns is driving food manufacturers to adopt more efficient approaches in food production practices. Moreover, food manufacturers are also focusing on self-generation of energy and using equipment that helps in their energy saving strategies. Energy efficiency is often looked upon by food manufacturers when it comes to reducing production costs. Initiatives by the government such as tax credit program in various countries is also boosting the use of green technologies.

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Automation taking Center Stage in the Food Processing Equipment Manufacturing

Automation technologies are becoming critical in food processing equipment. Food manufacturers are moving towards adopting highly automated equipment that can offer speed, save time and energy. Manufacturers are also developing smart food processing equipment that enables the operator to interact with the equipment, start the equipment, and diagnose problems or failures from anywhere and anytime. Moreover, some of the food processing manufacturers are also focusing on using Virtual Reality (VR) to enable the food manufacturers see the food processing equipment in action, view details, and also to see if the equipment is able to meet their needs before purchase.

IoT Fleet Management Market Estimated to Experience a Hike in Growth by 2025

As per the projections provided by the fresh TMR study, the demand in the global market for the Internet of Things (IoT) fleet management will escalate at a highly impressive CAGR of 20.0% during the forecast period of 2017 to 2025. The report evaluates that the IoT fleet management market, across the globe, was worth merely US$3,340.0 mn in 2016, and estimates it to reach a valuation of US$15,870.0 mn by the end of the forecast period.

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Smartphone Integrated Real-Time Data Driving Demand

Ubiquity of smartphones has had a defining effect on the global IoT fleet management market, as an increasing number of transportation companies are integrating their tracking and monitoring, routing, fuel management, and remote diagnostic processes with it. The advent of the Internet of Things has made it possible for the automobiles to seamlessly connect to smart phones, and provide emergency roadside assistance as well as real time traffic alerts. The IoT is made up of several smart devices such as sensors, mobile devices and cameras, all of which make use of wireless technology to communicate with each other. Incorporating IoT with fleet management helps in managing fuel and labor costs, improving fleet maintenance procedures, maximizing dispatching and scheduling, increasing response times, and enhancing customer satisfaction. The growing need for optimum operational efficiencies, implementation of Eld Mandate, and other anticipated government regulations are some of the other key factors driving the global IoT fleet management market. The U.S., the most profitable country-wide market for IoT fleet management, is projected to increment the demand consistently throughout the forecast period, gaining traction from factors such as increasing sales of fleet vehicles, high adoption rate of advanced technological products, and regulatory developments by the government.

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As per the author of the report, growing focus on data driven services by the telecommunication service providers and increasing adoption of cloud and fog computing analytics will open new opportunities for the vendors operating in the global IoT fleet management market.

Data Security and Cost of Implementation Hindering Growth in Emerging Economies

On the other hand, substantial implementation cost for small and medium sized fleet owners and the lack of IoT infrastructure in a number of emerging economies are some of the restraints challenging the IoT fleet management market from attaining its true potential. Data security and concerns regarding driver privacy are other two glaring obstruction faced by the IoT fleet management market, and there is strong need to improve on these two factors for the proper prosperity of the market.

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North America, primarily the developed country of The U.S., remains the most lucrative region for the IoT fleet management market players. A number of original equipment manufacturers (OEMs) in the U.S., such as Daimler Trucks North America and Volvo Trucks, are already offering telematics solutions, both independently and in partnership with local fleet solution providers. The IoT fleet management market is in nascent stage with plenty of opportunities for technological advancements. For instance, Daimler Trucks successfully tested truck platooning concept in 2015. The government regulatory for electronic logging devices in the U.S. makes fleet management solutions a necessary tool for the vendors of the transportation sector who deal with commercial trucks.

As far as market segmentations is concerned, the TMR report rates private cloud as most in-demand cloud type, whereas application-wise, the IoT fleet management market gains maximum demand from the tracking and monitoring of commercial vehicles, which itself is the most profitable fleet type segment.

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A recent study by Transparency Market Research (TMR) on the global IoT fleet management market suggests that the number of participants is growing, with International players maintaining leading positions via financial might as well as technological expertise, whereas some of the new entrants are making a mark too with their niche offerings. The TMR report identifies Cisco Systems, Inc., AT&T, Inc., IBM Corporation, Intel Corporation, Oracle Corporation, Verizon Communications, Inc., TomTom International BV, Trimble Inc., Omnitracs LLC, and Sierra Wireless as some of the prominent companies currently connected to the value chain of the global IoT fleet management market.

Biomethane Market to Reflect Impressive Growth Rate During 2017 - 2025

The frontrunners in the global biomethane gas market, according to one of the reports by Transparency Market Research, are CNG Services Ltd., Planet Biogas Global GmbH, SGN, Future Biogas Ltd., VERBIO, Magne Gas, Gasrec, Gazasia Ltd., Biogas Products Ltd., Schmack Carbotech GmbH, EnviTec Biogas AG, SoCalGas, ETW Energietechnik GmbH, ORBITAL, and JV Energen.

As per estimates of a report by Transparency Market Research, the global biomethane market stood at a valuation of US$1,485.4 mn in 2016 and is expected to reach a valuation of US$2,624.5 mn by 2025 rising at a CAGR of 6.7% between 2017 and 2025.

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North America and Europe to Continue Garnerning Significant Market Shares

The segments of the global biomethane market based upon application are automotive sector and power generation. The automotive sector is expected to account for a significant share in the market over the forecast period.

The key regional segments into which the global market for biomethane is divided in this report are North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. In 2016, North America and Europe held a significant share of the global biomethane market. The trend is expected to continue over the forecast period as well.

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Feasibility of Biomethane as an Automobile Fuel Fuels Growth

One of the key growth drivers of the global biomethane market is the green gas characteristic of biomethane. Biomethane is produced by the natural breakdown of organic material, which includes green waste, agricultural waste, food industry waste, household waste, and even industrial waste. The process of production of biomethane involves breaking down of organic matter in an anaerobic environment to produce biogas, which is further purified to produce biomethane. The resultant gas can be used as a vehicle fuel or can be injected into the main gas network to generate green energy.

The high production efficiency of biomethane production is another significant factor that adds to the advantage of the growth of biomethane market. This attribute makes it feasible for biomethane to be used as an alternative fuel for electricity production and for heat generation from combined heat and power.

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Apart from being an environmentally friendly gas with high potential usage in the automobile sector, biomethane can be produced from the same infrastructure setup for natural gas production. This eliminates additional setup cost in biomethane production. This is expected to be a key factor that will boost the production of biomethane over other fossil fuels in various countries across the globe.

In addition, gasification of organic matter for the production of biomethane has environmental benefits as well. This is mainly because biomethane produced from organic matter prevents the discharge of a large amount of methane and other harmful gases into the atmosphere. The other advantage of production of biomethane is that it eliminates exposure of decaying organic matter into the atmosphere. Hence, methane and other harmful gases are prevented from being discharged into the atmosphere.

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The production of biomethane, on the other hand, has a downside as well. Methane as a whole, if released in the atmosphere is about 20 times more detrimental to the environment than other greenhouse gases such as carbon dioxide.

Peristaltic Pumps Market to Reflect Impressive Growth Rate During 2017- 2022

The global peristaltic pumps market is witnessing a heating competition owing to the increased investment in the research and development of new technologies, especially for high-pressure applications, thereby reducing downtime and providing safety. Increasing number of wastewater treatment facilities around the world are replacing diaphragm pumps with new peristaltic pump technology with metering pump technology. Increasing number of manufacturers are also moving towards developing smart peristaltic pumps that use sensors to allow users to remotely control the settings.

The report also provides a detailed profile of some of the leading players in the global peristaltic pumps market such as Graco, Inc., Watson Marlow Limited, Cole-Parmer Instrument Company Limited, Wanner Engineering, Inc., PCM Group UK Ltd, Seko Spa, Verder Holding B.V, ProMinent GmbH, Albin Pump AB, and Flowrox, Inc. These key market players are entering into partnerships, mergers & acquisitions, and are also investing in the research and development to offer a better product with advanced features.

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The Global Peristaltic Pumps Market to Witness Robust Growth

The report by Transparency Market Research (TMR) expects the global peristaltic pumps market to witness strong growth during the forecast period of 2017-2022. The market is estimated to register 6.3% CAGR during 2017-2022. It is also projected to reach US$ 638.3 million revenue by the end of 2022.

On the basis of product type, the market is segmented into variable speed pumps and fixed speed pumps. Among these, fixed speed pumps are expected to lead the global peristaltic pumps during the forecast period. By discharge capacity, 30-50 psig peristaltic pumps are likely to dominate the market throughout the forecast period. By end-use sector, water and wastewater treatment sector is expected to witness significant growth in the global peristaltic pumps market.

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The key regions covered by the report in the global market for peristaltic pumps are North America, Latin America, Europe, APEJ, Japan, and MEA. Among these regions, APEJ is expected to remain dominant in the global peristaltic pumps market between 2017 and 2022. Witnessing a strong growth, APEJ peristaltic pumps market is projected to surpass US$ 200 million revenue by 2022 end.

Increasing Number of Industries Replacing Other Pumps with Peristaltic Pumps

There has been a rise in the replacement of submersible pumps and diaphragm pumps with peristaltic pumps. Owing to the various advantages offered by peristaltic pumps such as low cost of maintenance, eliminating the need for valves to work constantly at different pressures, without affecting the flow rate. Moreover, these pipes can pump liquids as well as gases. Hence, various industries including medical and biotechnology, water and wastewater treatment, oil and gas, and industrial process have started using peristaltic pumps to ease the operations and reduce maintenance cost.

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Rise in Use of Peristaltic Pumps for Lime Dosing Application in Wastewater Treatment

Wastewater treatment is an essential step in protecting the environment. For this, a biological treatment including the use of lime chemicals mixed with water to produce a slurry which is then added to the wastewater to remove any organic elements is being used. Progressing cavity pumps were used for lime dosing treatment, however, recently, the use of peristaltic pumps has increased. Expensive maintenance, leakage and component failure are some of the biggest reasons for the increase in the use of peristaltic pumps for lime dosing in wastewater treatment. Lime dosing being a critical element in the wastewater treatment, increasing number of water treatment plants a switching to peristaltic pumps for hassle-free operations.

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