Data Center Generator Market, Growth, Trends, COVID-19 Impact, and Forecasts

The global data center generators market size is expected to reach USD 10.9 billion by 2027 at a CAGR of 6.5%, according to a study conducted by Grand View Research, Inc. The increasing number of data centers and hyperscale facilities along with growing demand for the edge data centers, are some of the factors contributing to the rise in product demand. These generator provides reliable and cost-effective backup power solutions for data centers.

Manufacturers, such as Cummins, Inc. and Himoinsa, are introducing technologically advanced generator sets that offer remote monitoring and control. These systems allow users to remotely observe and control engine and alternator data, power system status, load levels, and control system status. The advent of such systems is expected to propel the demand for generators in the market.

North America has a substantial revenue share in the overall market owing to the presence of a large number of data center facilities in the region. In addition, presence of key companies, such as KOHLER Group and Cummins Inc., also intensifies the competition in this region and contributes to the growing revenue share. With a rise in the number of data centers in developing economies like India, the Asia Pacific regional market is anticipated to record the fastest CAGR in the next seven years.

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Further key findings from the report suggest:

Gas product type is anticipated to register the fastest CAGR of 8.1% during the forecast period owing to their cleaner operation and lower emission than diesel-based systems
Generators under 1 MW capacity are expected to register the highest CAGR over the forecast period owing to the increasing number of smaller and edge data centers
Growing number of hyperscale facilities is anticipated to catapult the demand for Tier IV systems in the near future
Some of the key companies include Caterpillar, Inc.; Cummins, Inc.; and KOHLER Group. These companies have established partnerships with facility developers and principal contractors to maintain their market position and share

Water Heater Market Size Worth $37.52 Billion By 2027

The global water heater market size is expected to reach USD 37.52 billion by 2027, accelerating at a CAGR of 4.0% over the forecast period, according to a new report by Grand View Research, Inc. The augmenting residential housing sector coupled with rising disposable income is anticipated to bolster the global market growth.

Increasing urban migration coupled with propelling demand for a diversified array of water heaters across the real estate sector is anticipated to drive the market growth in the forthcoming years. In addition, stringent building standards are likely to encourage the adoption of star rated water heaters, thereby augmenting the product demand over the forecast period.

The availability of water heaters with wide-ranging capacity is anticipated to drive the product demand in various end-use industries. Increasing demand for 30 – 100 liters capacity water heaters across small businesses in the residential sector is projected to complement the product demand over the forecast period.

Timely availability of hot water supply coupled with growing need to address the hot water demands at peak hours across various commercial infrastructures is expected to augment the demand for water heaters over the forecast period. Furthermore, competitive and flexible product pricing along with new features and product assortments are likely to drive market growth.

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Further key findings from the report suggest:

North America accounted for 21.5% of the revenue share in 2019 on account of elevated refurbishment activities and rising demand for high-efficiency water heaters in the region
The demand for solar water heaters is estimated to witness a CAGR of 4.7%, over the forecast period owing to the growing demand for sustainable and cost-effective water heating technology to decrease the overall electricity consumption
Tankless water heaters accounted for 34.3% of the global revenue share in 2019 on account of the increasing adoption of the product across a wide array of residential and commercial end-user applications
Germany dominated the Europe market by accounting for 20.4% of the revenue share in 2019, owing to the technological advancements coupled with government regulations driving the demand for energy-efficient products
Eminent market players such as A.O. Smith, Bajaj Electricals, Ltd., Rheem Manufacturing Company, and Rinnai Corporation are focusing on product innovation and mergers and acquisitions as their key growth strategies

Laser Cutting Machines Market Size Worth $6.72 Billion By 2024

The global laser cutting machines market size is expected to reach USD 6.72 billion by 2024, according to a new report by Grand View Research, Inc. Increasing use of fiber, CO2 and Yttrium Aluminum Garnet (YAG) lasers in the cutting applications such as consumer electronics and industrial sectors is expected to augment the demand for the market.

Consumer electronics is anticipated to be the fastest-growing sector owing to the rising implementation of lasers in material processing applications such as cutting, welding, and engraving. Moreover, the need for high power input and efficiency-based cutters are driving the demand for laser cutting machines over the forecast period.

Developments of novel process lasers to optimize the production of customized three-dimensional glass components and a shift from conventional semiconductor lasers to quantum cascade lasers are expected to increase the demand for these machines. Continuous technological advancements in the laser technology are enabling manufacturers to invest in research and development to gain a competitive advantage. Moreover, the end-use industry is replacing the conventional cutting technology with laser cutting owing to the demand for high-speed cutting and drilling.

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Further key findings from the study suggest:

Gas lasers are estimated to grow at a CAGR of over 9.4% from 2016 to 2024. These lasers have an increasing demand for improved machine tools and equipment in making holograms, dye laser pumping, barcode reading, and laser printing.
The fusion cutting process is estimated to be the fastest-growing segment at a CAGR of over 9.4% from 2016 to 2024. Fusion cutting offers the benefit of producing a virtually oxide-free cutting edge suitable for thin sheets cutting.
The industrial sector is expected to dominate the market over the forecast period. The growing trend of automation in the manufacturing process is increasing the demand for laser cutting machines. These machines precisely cut parts and patterns at high speeds with consistent results.
The Asia Pacific laser cutting machines industry is expected to remain the largest market owing to the rising GDP and rapid expansion of the regional manufacturing sector. Moreover, the regional growth is strong in industries that use laser cutting to produce semiconductors, consumer electronics, and automotive components. As these sectors are expanding, the need for laser cutting machines in this region is also increasing.
Key players in the laser cutting machines market include Trumpf Laser GmbH + Co. KG, IPG Photonics Corporation, Coherent Inc., and Rofin-Sinar Technologies Inc. The market is highly competitive owing to the presence of numerous manufacturers’ incorporating innovative technologies to offer product differentiation.

Laser Processing Market Size Worth $23 Billion By 2025

The global laser processing market size is expected to reach USD 23 billion by 2025, at a CAGR of 8.9% according to a new report by Grand View Research, Inc. The rising utilization of expensive laser-drilling technique for oil & gas exploration purposes is projected to substitute the traditional techniques. Decreasing drilling costs are anticipated to increase the feasibility of uneconomic oil deposits; thus, positively impacting market growth. The growing need for this type of processing, in industrial solar modules, is further expected to fuel the market growth.

The requirement for laser technology in the medical sector is projected to witness a significant growth, owing to the increasing technological advancements. These technical developments offer faster recovery time, smaller incisions, and lesser pain. The increasing adoption of these methodologies is expected to spur the demand for surgical lasers. Advancements, leading to enhanced edge quality & cutting speeds, are anticipated to offer higher avenues to the laser processing market.

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Further key findings from the report suggest:

Fiber lasers are projected to exhibit a significant growth with a CAGR exceeding 10.0% from 2016 to 2025, as they are widely used across several end-use industries and are highly cost-effective, compared to the other products
The material processing segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding 9%, which can be accredited to the ability of lasers to perform high-speed & accurate industrial processes
The Asia Pacific region emerged as the fastest-growing region and is expected to witness a CAGR of over 10%, owing to the rising number of OEMs in this region
The key purveyors of this industry are Trumpf, Han’s Laser Technology Industry Group Co., Ltd., Amada Co., Ltd., and Rofin-Sinar Technologies, Inc., among others. Industry participants focus on technology advancements and innovation to capture market share.

Tankless Water Heater Market Worth $4.6 Billion By 2025

The global tankless water heater market size is anticipated to reach USD 4.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.5% over the forecast period. Launch of innovative products with improved design is a main factor driving demand for tankless water heater over the forecast period. For instance, in 2019, companies including Rinnai and Raheem have launched energy efficient water heaters for the residential sector. Their products are equipped with Wi-Fi and voice recognition, which allow the users to remotely monitor temperature and water circulation when required through smartphone.

Electric products held a leading market share in 2018 and is anticipated to witness the fastest growth in the coming years. Rapid increase in adoption of these heaters among the residential and commercial sectors is expected to boost market growth over the forecast period. Many homeowners are increasingly adopting electric tankless water heaters due to their energy efficiency and low maintenance and operating costs associated with them. In addition, these products are generally less expensive and have longer warranties as compared to gas counterparts.

The residential application segment held a leading share of 72.4% in 2018. Shifting consumer inclination towards energy efficient and eco-friendly products is a main factor driving the demand for these products in the residential sector. Moreover, increasing adoption of smart products and growing urbanization are expected to have a positive impact on the market growth in the upcoming years. For instance, Rheem’s Prestige models have EcoNet Smart Technology that provides Wi-Fi connectivity and added features, which offer system protection, control, and monetary savings. Furthermore, improving standard of living, coupled with introduction of innovative products, is expected to have a positive impact on market growth.

The commercial application segment is anticipated to expand at the fastest CAGR of 7.8% from 2019 to 2025. Introduction of innovative products is a main factor driving the demand for tankless water heater. Increasing number of commercial buildings including restaurants, hotels, and hospitals owing to growing tourism industry will fuel demand for hot water, which, in turn, is expected to increase adoption of the product.

Europe held a leading market share in 2018 owing to high production of these products and shifting consumer preference for energy efficient and economical products. North America is anticipated to expand at the fastest CAGR of 10.7% from 2019 to 2025. Growing awareness related to ecological products, coupled with increasing product visibility, is a main factor driving the market demand. Moreover, presence of prominent players in the region such as A. O. Smith and Rheem is expected to propel demand for tankless water heater in the upcoming years.

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https://www.grandviewresearch.com/industry-analysis/tankless-water-heater-market

Further key findings from the report suggest:

North America for tankless water heater market is anticipated to expand at the fastest CAGR of 10.7% from 2019 to 2025 due to shifting consumer preference towards ecological products including tankless water heater
Europe is expected to reach USD 1.5 billion by 2025 due to surging number of residential buildings, especially in Germany, U.K, and France, thus promoting sales of tankless water heater in the region
Asia Pacific is anticipated to expand at a CAGR of 7.9% from 2019 to 2025 owing to high product availability, especially in Japan and China
In 2018, U.S. held a significant share in the North America market on account of rising popularity of electric tankless water heaters among buyers in the residential sector
Some of the key manufacturers are A. O. Smith; Rheem Manufacturing Company; Rinnai Corporation; Bradford White Corporation; Robert Bosch LLC; EcoSmart Green Energy Products, Inc.; Stiebel Eltron Inc.; Takagi; Noritz America; and Navien Inc.

Activated Carbon Market Worth $14.66 Billion by 2025

The global activated carbon market size is expected to reach USD 14.66 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 17.5% during the forecast period. Rising consumption of water and air purification in clinker cement industries and coal fired plants is anticipated to drive the demand for powdered and granular form of activated carbon.

Activated carbon has high porous structure and adsorption capacity, hence it is highly consumed in water and air purification process among numerous end-use industries. Applications in removal of toxic gases, acids, metallic particles, and mercury from coal and oil powered plants are expected to fuel the growth of the market. Changing lifestyle and increasing health awareness is expected to further drive the market in the forthcoming years.

In water treatment applications, it is consumed in municipal water treatment, domestic water purification and groundwater remediation. Pharmaceutical industry uses activated carbon as an antidote to poison caused by toxins ingestion. Applications into food and beverage industry includes removal of unwanted odor and color from the consumable products. Increasing environmental pollution due to vehicular emission and industrial gases is projected to drive the demand from air purification segment.

Various regulating authorities have made stringent regulations for environmental pollution control and have promoted activated carbon in water and air treatment plants, which in turn is estimated to propel the activated carbon market over the forecasted period. The European commission regulates water pollution and industrial wastewater discharge. The U.S. Environmental Protection Agency (EPA) governing mercury emission from coal power plants has recommended use of the product for removing chemical impurities. Implementation of these regulations is expected drive the product consumption over the forecasted period.

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https://www.grandviewresearch.com/industry-analysis/activated-carbon-market

Further key findings from the report suggest:

Air purification segment held the leading market share of over 40% in 2018. Growing awareness regarding health benefits of air filtration coupled with regulations such as the Clean Air Act is further anticipated to drive the growth
Water and wastewater treatment is expected to expand at an indicated CAGR of a 17.6% from 2019 to 2025. The growth can be attributed to increasing application in municipal plants, ground water remediation, and beverage industry
Asia Pacific continued to be the dominant region in 2018 as well as accounting for over 40% of the overall market share in the same year. Increasing usage in air and water purification and emergence of novel applications such as pharmaceutical and food and beverage industry in the region is expected to drive the product demand
Key players operating in the activated carbon market include Kureha Corporation; Carbon Activated Corporation; ADA-ES Inc.; Haycarb PLC; Carbotech; Carbon Resources LLC; Cabot Corporation; MeadWestvaco Corporation; and Calgon Carbon Corporation

Intumescent Coatings Market Worth $1.31 Billion By 2025

The global intumescent coatings market size is expected to reach USD 1.31 billion by 2025, according to a new report by Grand View Research, Inc. It is projected to expand at a CAGR of 5.1% over the forecast period. Extensive usage of passive fire protection for steel structures used in offshore and onshore extraction and purification and refining in the oil & gas industry is the key factor boosting the market growth. In addition, rising shale gas exploration coupled with expanding oil & gas industry in Asia Pacific is expected to propel demand over the forecast period. The industry is characterized by the presence of a large number of raw material suppliers leading to an increase in the switching ability of the manufacturers and high bargaining power.

However, volatile prices of the raw materials, such as epoxy resins is expected to restrain the growth to some extent. Moreover, several regulations limiting the presence of Volatile Organic Compounds (VOCs) in the formulation will also hinder market growth. On the other hand, development of advanced products that are compliant with the regulations set by the European Commission is expected to drive the demand over the next nine years. The market in Asia Pacific witnessed a significant expansion owing to increased oil & gas exploration activities, particularly in the South China Sea. Furthermore, infrastructure development in emerging economies including India, Indonesia, and Vietnam is likely to contribute to the market development over the forecast period.

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Further key findings from the study suggest:

Water-based coatings is expected to be the fastest-growing technology segment of the global intumescent coatings market from 2019 to 2025
Oil & gas end-use segment held the largest share of the market in 2018 and is expected to continue its dominance over the forecast period
Asia Pacific was the largest market in 2018 and is projected to expand further at the highest CAGR during the forecast years
Cellulosic is projected to be the largest, as well as the fastest-growing, application segment over the next few years

Ammonia Market Size Worth $76.64 Billion By 2025

The global ammonia market size is anticipated to reach USD 76.64 billion by 2025, at a registering a CAGR of 5.3% over the forecast period, according to a new report by Grand View Research, Inc. Fertilizer is the major application of the product as well as an important source of nitrogen in the agricultural industry, which is expected to benefit the market over the forecast period.

Liquid ammonia segment dominated the market in 2016. It is majorly used in fertilizer and industrial & household cleaning applications. Ammonia is a colorless and pungent alkaline gas composed of hydrogen and nitrogen. It is an essential gas, which is used in various biological processes and industrial applications. It causes irritation to the eyes, skin, nose, lungs, and throat. Globally governments have established various safety-related regulations associated with the production, usage, and transportation of the product. The regulations also provide some directives for the equipment and methods used during the production process and handling of ammonia.

Globally, the gap between supply & demand of the product is gradually becoming surplus, hence resulting in continuous price fluctuations. This gap is mainly due to continuous capacity additions, especially in Southeast Asia (China and Indonesia), Middle East, Central & South America, and the U.S. The continuous increase in capacity additions and weakening of the demand owing to lower crop prices, poor economic prospects, fluctuating energy prices, and rising competition are anticipated to be the major challenges for the industry over the forecast period.

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http://www.grandviewresearch.com/industry-analysis/ammonia-market

Further key findings from the report suggest:

The global ammonia market was valued at USD 48.65 billion in 2016. The industry is anticipated to reach USD 76.64 billion by 2025, ascending at a CAGR of 5.3% from 2017 to 2025.
Fertilizer application segment dominated with over 40% of the overall share in terms of revenue
Rising demand for nitrogen fertilizer owing to its advantages for application in the agricultural sector is anticipated to boost the market over the coming years
Some of the other major application industries of the product include household & industrial cleaning, food & beverage, metallurgical processes, water and wastewater treatment, rubber, pulp & paper, and leather
Asia Pacific dominated the industry in 2016 and is projected to be the fastest-growing region over the forecast period
The industry is highly competitive in nature with the presence of various global players
Some of the key market players are Yara International; BASF SE; CF Industries Holdings; Inc.; PotashCorp; Huaqiang Chemical Group; Shanxi Jinfeng Coal Chemical; Rashtriya Chemicals & Fertilizers Ltd.; China Petroleum & Chemical Corporation; and China National Petroleum Corporation