Sand Blasting Machines Market Size Worth $441.1 Million by 2020

The global sand blasting machines market is expected to reach USD 441.1 million by 2020, according to a new study by Grand View Research, Inc. Breakthroughs in robotic sand blasting technology as a result of investments by key industry participants is expected to drive the market over the forecast period. Increased demand from end-use industries such as construction, automotive, and aerospace is expected to favorably impact market growth.

Shot blasting machines have replaced sand blasting machines in several applications to alleviate the risk of lung diseases caused due to inhalation of silica, which may pose a challenge to market growth. Governments of many countries such as the U.S., UK and Turkey have restricted the use of blast cleaning abrasives containing more than 0.1% free silica, which may hamper demand over the next six years.

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http://www.grandviewresearch.com/industry-analysis/sand-blasting-machines-market

Further key findings from the study suggest:

Global sand blasting machines market shipments were estimated at 86,018 units in 2013, which is expected to reach 121,845 units by 2020, growing at a CAGR of 5.1% from 2014 to 2020.
Industrial sand blasting machines accounted for over 80% of the market revenue in 2013. The mini sand blasting machines market is expected to gain prominence over the next six years as sandblasting has substituted numerous domestic tasks such as paint and rust removal.
Sand blasting machines market demand is expected to be the highest in Asia Pacific owing to extensive use in construction, automotive, and infrastructure sectors coupled with significant contribution by the Chinese market to global volume and revenue generation. Demand for mini sand blasting machines is higher in North America, where they are used for automotive as well as home improvement applications.
The market is extremely fragmented in nature; Clemco Industries Corp. emerged as the leading market player in 2013. The company sells blasting machines under four distinct brands, each catering to a specific application area, and also develops equipment targeted at operator safety. Other market players include Trinity Tool Company, Tools USA, C.M. Surface, and ACE.

Cooling Towers Market Size Worth $4.85 Billion By 2025

The global cooling tower market is expected to reach USD 4.85 billion by 2025, according to a new report conducted by Grand View Research, Inc. Cooling towers are used in power plants, particularly in thermoelectric power plants, to remove excess heat from the plant. With the rising global demand for electricity, the number of power plants is also expected to increase, thereby driving growth of this market.

Furthermore, a tremendous rise in the number of construction activities across the residential and commercial sectors in developing countries is expected to boost the demand for this product. Additionally, rapid global industrialization is also a key driver expected to favorably impact the cooling towers market growth over the forecast period.

Technological advancements are expected to provide improved cooling capacity, minimum components, improved installation & energy savings, and low maintenance cost, which is further anticipated to escalate market growth in the near future. Moreover, stringent government regulations relating to the use of cooling towers across different regions are also expected to positively impact market growth.

However, environmental concerns related to cooling towers such as plume, drift, and water contamination are anticipated to moderately hamper the market demand. Nevertheless, the emergence of plume abated towers and drift eliminators is expected to overcome these environmental concerns and drive market growth in the near future.

Energy-efficient towers provide optimal cooling while exhibiting eco-friendly properties. These facilitate in water conservation, provide high-efficiency motors in order to cut down on the operating cost, and reduce environmental concerns. These environmental benefits are also expected to drive the demand for the product.

HVAC systems are generally implemented in commercial spaces, large offices, and shopping malls. Cooling towers are a mandatory component of an HVAC system, which is used to remove excess heat from the building. The increasing rate of urbanization and enhanced standard of living are expected to lead to the large-scale implementation of HVAC systems, thereby driving the market growth globally.

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https://www.grandviewresearch.com/industry-analysis/cooling-towers-market

The closed-circuit type segment captured over 30% of the total revenue in 2016; however, hybrid type is anticipated to exhibit a substantial growth at a CAGR exceeding 4% from 2017 to 2025. This growth is attributed to their increasing adoption across various end-use industries.
The Fiber-Reinforced Plastic (FRP) material segment accounted for over 20% of the total market share in 2016. However,High-Density Polyethylene (HDPE) material segment is projected to register a significant CAGR exceeding 5.0% from 2017 to 2025, owing to various benefits including high corrosion resistance, low maintenance cost, and long service life.
Cooling towers have a wide scope for application in HVAC equipment and power plants due to their ability to remove excess heat. As a result, the HVAC segment is anticipated to capture a sizeable market share over the forecast period.
Asia Pacific has emerged as the fastest growing market and is expected to witness a healthy CAGR of over 5.0%, which is primarily accredited to the rapid industrialization in this region.
Key players in this industry include SPX Corporation, Evapco, Hamon & CIE International SA, Paharpur Cooling Towers, B&W SPIG (Babcock & Wilcox), Enexio, and Baltimore Aircoil Company.

Loader Market Size Worth $20.24 Billion By 2027

The global loader market size is expected to reach USD 20.24 billion by 2027, expanding at a CAGR of 3.4% from 2020 to 2027, according to a new report by Grand View Research, Inc. The substantial growth owing to increased government spending on projects to develop public infrastructure would increase the demand for earthmoving equipment, including loaders. Moreover, increasing demand for construction equipment rental, especially in developed regions, such as North America and Europe, would further increase the demand.

The loader is one of the essential equipment predominantly used at any construction site. These equipment are used for conducting a number of construction activities, including demolition, renovation, building loads, and material handling. Development of technology and integration of advanced features, including advanced telematics, GPS, cellular network technology, and Bluetooth connectivity, have contributed to market growth. The operators are gradually getting accustomed to new and advanced machinery as it enables ease on the worksites and can complete major tasks within lesser time.

Demand for all-electric and hybrid variants of loaders are significantly increasing in regions, such as Europe. The companies are providing hybrid options of wheeled loaders, but at a higher price as the development cost is higher as compared to the conventional model. For instance, Volvo Construction Equipment is developing the L25 variant of the loader and would start production in mid-2020. The new electric loader would deliver reduced energy costs, zero exhaust emissions, improved efficiency, fewer maintenance requirements, and significantly lower noise levels compared to their conventional counterparts.

The global slowdown and standstill global economy have affected the overall construction and manufacturing sector owing to the outbreak of the COVID 19 pandemic. The ripple effects on the deceleration can be witnessed on the global construction equipment, including loaders. The government authorities in many countries are imposing lockdown, which is hampering the production of construction equipment and placing many construction and infrastructure projects on hold. The Committee for European Construction Equipment (CECE), in its recent survey, highlighted a 10% to 30% decrease in sales of construction equipment as an effect of the COVID 19 crisis. However, gauging the exact negative impact of the pandemic situation at this stage looks challenging, given the various countries still struggling to lift the imposed lockdown.

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https://www.grandviewresearch.com/industry-analysis/loader-market

Further key findings from the study suggest:

By product type, the backhoe segment is anticipated to expand at the highest CAGR of 4.6% from 2020 to 2027 as it is suitable for performing operations on small, medium, and large-scale construction sites
Asia Pacific is expected to expand at the highest CAGR over the forecast period owing to rising infrastructural developments and construction activities in emerging countries, such as India and China
Key players operating in the market are focused on enhancing their product offering to maintain their lead in the market.

Electric Power Distribution Automation Systems Market Worth $23.7 Billion By 2025

The global electric power distribution automation systems market is expected to reach USD 23.7 billion by 2025, according to a new report conducted by Grand View Research, Inc. The rise in the adoption of smart grids & funding initiatives is projected to spur the demand for distribution automation systems. The growing investments in transmission & distribution are expected to remain a key driver.

an abstract representation of solving problems using artificial intelligence to increase reliability and reduce losses and accidents during the transmission of electrical energy

The global electric power distribution automation systems market is anticipated to witness high growth over the forecast period, owing to the replacement of aging infrastructure across the globe. The emergence of smart cities is expected to further catapult the automation products market growth over the next nine years.

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https://www.grandviewresearch.com/industry-analysis/electric-power-distribution-automation-systems-market

Further key findings from the study suggest:

The implementation of automation systems in substation automation is projected to exhibit a significant growth at a CAGR exceeding 6% from 2016 to 2025 as the energy and power utilities are extremely focused on minimizing distribution and transmission losses, which has resulted in the increasing deployment of substation automation.
The industrial application segment is expected to gain prominence over the forecast period with an estimated CAGR exceeding 6%, which is accredited to the rising need for installing distribution automation systems by utilities across the globe.
Asia Pacific emerged as the fastest-growing market and is expected to witness a healthy CAGR of over 7%. The need to replace old transmission and distribution power infrastructure is driving the demand for electricity utilities across the Asia Pacific to strengthen its power infrastructure.
The key purveyors in this industry comprise ABB Ltd., Eaton Corporation, General Electric, Itron, Inc., Schneider Electric, and Siemens AG, among others.

U.S. Heating Equipment Market Size Worth $4.98 Billion By 2025

The U.S. heating equipment market size is anticipated to reach USD 4.98 billion by 2025, conferring to a new report by Grand View Research, Inc. Growing demand for energy efficient heating equipment and favorable government initiatives is projected to augment market demand over the coming years. The heat pumps segment occupied the largest share in 2015 on account of its increasing preference in the industrial and commercial sector. Heat pumps are very efficient in converting energy to heat at low operational cost.

Boilers and furnaces are extensively used heating system in the residential sector. Electric furnaces are gaining wide preference as they require less maintenance, are one of the least expensive, and are free from harmful emissions. Boilers are further categorized on the basis of product, size, and technology.

The growth of housing and construction sector for single and multi-unit dwelling is expected to boost the demand for over the coming years. The sluggish oil & gas prices have further facilitated the wide application of heating equipment in the U.S. industrial and residential segment

Favorable federal and state policies in the U.S. is projected to further drive the demand. Installing energy efficient heating system qualifies residential buyers to claim 10% of the cost of labor, professional preparation, and cost of installation. Rising awareness of greenhouse emissions has led to replacement of old heating equipment by new energy efficient solutions thereby facilitating the U.S. heating equipment market growth.

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http://www.grandviewresearch.com/industry-analysis/us-heating-equipment-market

Further key findings from the report suggest:

Heat pumps segment accounted for 33% of the market revenue in 2015
Heat pumps are used for temperatures with moderate heating and cooling requirements, thereby finds increased application in residential segment
Easy credit accessibility or financial support is anticipated to spur consumer spending on renovation and remodeling activities, which, in turn, will benefit the heating equipment market
Steam boilers accounted for the largest market share in 2015
ECO-Labelling of heating equipment is used to encourage and guide customers in their choice of products
The emergence of climate and energy as a political priority has spurred an increased interest in heating and energy efficiency gains to be realized within buildings
Key market players include Robert Bosch LLC, United Technologies Corporation, Emerson Electric, Ingersoll-Rand Plc, and Lennox International, American Heating Company Inc., Johnson Controls Inc., Honeywell International Inc., Burnham Holdings, Inc., and Rheem Manufacturing Company Inc.