Turkey has been Estimated to Dominate the Middle East Conveyors Belts Market

Future Market Insights (FMI) delivers key insights on the Middle East Conveyor Belts in its latest report titled, ‘Conveyor Belts Market: Middle East Industry Analysis and Opportunity Assessment, 2016-2026’. Middle East conveyor belts market is projected to register a healthy CAGR of 4.3% in terms of value during the forecast period (2016–2026). This is attributed to various factors, regarding which FMI offers detailed insights in its report.

On the basis of product type, the Middle East conveyor belts market has been segmented into metal-reinforced rubber conveyor belt, fabric-reinforced rubber conveyor belt and plastic conveyor belts.

Metal-reinforced rubber conveyor belt segment has been estimated to account for 27.3% value share of the market in 2015 and is expected to register a CAGR of 4.6% over the forecast period.

By cover type, Middle East conveyor belts market has been segmented into conductive conveyor belt, abrasion-resistant conveyor belt, heat- and flame- resistant and oil-resistant conveyor belt. Conductive conveyor belt segment has been estimated to account for 13.5% value share in 2015 and is expected to register a CAGR of 5.7% over the forecast period. However, in terms of value, abrasion-resistant conveyor belt segment is projected to be dominant by 2026, accounting for market share of 37.8%, as compared to heat- and flame- resistant segment, with 28.0% share.

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On the basis of application, the Middle East conveyor belts market is segmented into mining, food production industry, commercial, construction industry, electricity generating stations, automotive industry, chemical & fertilisers and packaging industry — among these, mining segment has been estimated to account for value share of 22.9% in 2015, which is projected to decrease to 22.5% by 2026. The commercial segment is projected to exhibit the highest CAGR of 5.5% over the forecast period.

By weight, Middle East conveyors belts market is segmented into lightweight, medium-weight and heavyweight — among these, medium-weight segment has been estimated to account for a value share of 49% in 2015, which is projected to increase to 49.5% by 2026. The lightweight segment is projected to exhibit the highest CAGR of 5.0% over the forecast period.

Factors Driving the Middle East Conveyor Belt Market

Growth of the Middle East conveyors belts market is mainly driven by increasing adoption of automated production lines across various industries and rising number of construction sites in Middle East region. Other trends driving growth include improvement of belt materials in conveyor systems and government initiatives to encourage local food production in the Middle East. High dependence on raw material imports and low profit margins for manufacturers are certain factors restraining growth of conveyor belt market in the Middle East.

Middle East Conveyor Belt Market: Country-wise Analysis

Turkey has been estimated to dominate the Middle East conveyors belts market, with over 35.0% market share in Middle East region in 2015 and is anticipated to remain dominant by 2026, followed by KSA (The Kingdom of Saudi Arabia) and UAE (United Arab Emirates). Among all the countries in Middle East, KSA market is anticipated to register the highest CAGR over 2016–2026, followed by UAE. This is mainly attributed to increasing demand from construction and mining industry in KSA and increase in number of mining projects such as limestone production in UAE.

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Key Players in Middle East Conveyor Belt Market

Key players in the Middle East conveyor belt market include Al Kuwaiti Industrial Solutions, Arabian Universal, Bridgestone Corporation, ContiTech AG (Continental AG), Derby Conveyor Belts Industry and Trade Inc., FaBa Commercial Services, Fenner Dunlop Conveyor Belting, Kale Conveyor, Phoenix Conveyor Belts Systems GmbH, Schieffer Magam Industries Ltd., Semperit AG Holding and Ziligen A.S.

Major participants are focusing on collaborations and partnerships with service providers to enter into new markets. These key players are also focusing on expanding their offerings and provide end-to-end solutions, which entails conveyor belt manufacturing, service, and maintenance.

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APEJ is Expected to Remain the Most Lucrative Market for Variable Frequency Drive

Future Market Insights (FMI) delivers key insights on the global variable frequency drive market in its latest report titled “Variable Frequency Drive (VFD) Market: Global Industry Analysis and Opportunity Assessment, 2016 – 2026.” According to FMI’s report, the variable frequency drive (VFD) market is expected to increase at 7.2% CAGR in terms of value during 2016-2026; volume-wise, FMI estimates the VFD market to expand at 8.5% CAGR.

Growth of the global variable frequency drive market is mainly driven upsurge in energy prices, introduction of variable frequency drives that can be retrofitted on existing motors, widening application areas, and tightening of energy-efficiency norms. VFD manufacturers are focusing on diversifying their variable frequency drive portfolio in order to enhance their presence in the market.

FMI’s report has segmented the variable frequency drive market on the basis of drive type, voltage range, application type, end-use application, and end-use industry.

On the basis of drive type, the market has been segmented into AC, DC and Servo variable frequency drive segments. The AC variable frequency drive segment accounted for over 70% value share of the global variable frequency drive market in 2014. However, by the end of 2026, this segment is expected to witness a decline of 110 BPS in its market share.

On the basis of voltage range, the VFD market is segmented into medium and low. Low voltage range VFDs account for higher market share, and this segment is expected to increase at 7% CAGR in terms of revenue.

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Variable frequency drive market segmentation by application type includes standard and regenerative segments. In terms of value as well as volume, the regenerative application type segment is anticipated to expand at a higher CAGR during 2016-2026.

By end-use application, the global variable frequency drive market is segmented into pump, HVAC, fans, compressor, conveyor and ‘other’. Among these, the pump segment dominated the overall market in terms of value with over 30% share in 2014; however, this segment will witness a decrease of 90 BPS in its market share by the end of 2026.

By end-use industry, the market is segmented into oil & gas, food processing, automotive, metals & mining, pulp & paper and other end-use industries. Of these segments, the oil & gas end-use industry segment dominated the market in terms of both value and volume contribution in 2014.

Region-wise, the Asia Pacific Excluding Japan (APEJ) market dominated the global VFD market in 2014, accounting for over 30% share in terms of both value and volume. APEJ is expected to remain the most lucrative market for variable frequency drives during the forecast period as well. Expansion of industrial base and manufacturing capacities is fuelling the growth of APEJ market.

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Key Players in Variable Frequency Drive Market

Some of the key players identified in the global variable frequency drive market are Fuji Electric Co. Ltd., Mitsubishi Electric Corporation, Siemens AG, ABB Ltd., American Electric Technologies Inc., General Electric Company, Hitachi Limited, Honeywell International Inc., Rockwell Automation Inc., Johnson Controls Inc., Emerson Industrial Automation, Toshiba International Corporation and Schneider Electric SE. Major players in the market follow the strategy of introducing innovative and cost-effective variable frequency drives to buy out competition.

Explosion Proof Equipment Market Segments and Supply Demand 2016-2026

Explosion is defined as an extreme increased in the energy of a system, which can be nuclear, mechanical or nuclear in an uncontrolled amount result in increasing in temperature and evacuation of gases. There are so many sources responsible for the explosions, some of them are increased pressure, nuclear reactions, leakage of gases, dust and others. In order to prevent these explosions, several types of prevention measures are being taken in to account at a time of  designing products for electrical, mechanical, nuclear and chemical use and these devices/products are termed as explosion proof. The term explosion proof doesn’t mean that the product will be withstand in the explosion but it means that product is having some kind of explosive material or gases there within its case or housing and prevent spark from within its housing from igniting gases, vapors present in surrounding. In broader term explosion proof equipment be termed as those equipment which are having explosive material inside and correspondingly having protection principle means explosion prevention by varying operating energy or make its so robust so that can’t let explosion come out of case and also not let the external environment having high temperature or spark causes explosion inside by making its housing isolated, which is usually made up of stainless steel or cast aluminum. Today explosion proof equipment are used in almost all industries for the protection of financial as well as lives. The global explosion proof equipment market is expected to grow with the healthier rate during the forecasting period.

Explosion Proof Equipment: Market Dynamics

For last some years explosion proof equipment companies has been coming out with newly designed materials for casing and with more advanced features which are becoming the new trends for the market of global explosion proof equipment market. The key growth drivers of global explosion proof equipment market are increased adoption of explosion proof equipment in oil & gas industries, exploration of new mining sites which increases the need for explosion proof equipment there, drastic rising demand of explosion proof equipment in automation sector and also the newly formed safety regulations for hazardous areas are getting more stiffer, are some of the growth drivers responsible for the growth of global explosion proof equipment market. On the other hand staggering of mineral and mining industries globally are becoming the key restraint for the global explosion proof equipment market.

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Explosion Proof Equipment: Segmentation

Segmentation of explosion proof equipment market is done on the basis of protection type, flammable substances, by explosive characteristics, by applicable systems, by verticals & by geography. Based on the protection type, segmentation of explosion proof equipment is done as explosion proof/explosion containment, explosion prevention/limiting energy, explosion segregation (isolation). On the basis of flammable substances, explosion proof equipment is segmented as Class 1, Class 2, and Class 3. By area classification segmentation of global explosion proof equipment market is done as Division I & Division II. On the basis of explosive character sticks, global explosion proof equipment market is segmented as zone 0, zone 1, zone 2, zone 20, zone 21, and zone 22.

by applicable system explosion proof equipment is segmented into following segments such as; switchgear, surveillance & monitoring systems, material handling systems, lifting systems, cable glands, power generation and distribution systems & others.

Geographically, explosion proof equipment is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Among all the regions North America is the highest contributor in term of revenue in global Explosion Proof Equipment.

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Explosion Proof Equipment: Key Players

The key players of global explosion proof equipment market are Adalet, Alloy Industry Co. Ltd., eaton, S.C. UMEB SA, Warom Technology, Inc. Alloy Industry Co. Ltd. & others.

Market Size of Mechanical Seals, Forecast Report 2016-2026

Increase in production of shale gas in developing and developed countries is a major factor driving the growth of the market. New oil and gas exploration activities, coupled with extensive investments in refineries and pipelines is escalating the growth of the global mechanical seals market. Moreover, introduction of new technologies is also a major element boosting the overall growth of the global mechanical seals market.

Global Mechanical Seals Market: Restraints

Introduction of alternate methods of sealing leakages like mechanical packaging eats into the revenue share of the mechanical seals market. Furthermore, use of electronic seals in automated manufacturing units can also impede growth during the forecast period 2016-2026.

Global Mechanical Seals Market: Region-wise Outlook

The highest growth is expected to be witnessed in the Americas due to increase in adoption of mechanical seals to ensure precise and prefect sealing of pipelines. Demand for mechanical seals is anticipated to remain stable in Middle East & Africa. Asia Pacific excluding Japan (APEJ) is expected to offer growth opportunities to key players during the forecast period.

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Global Mechanical Seals Market: Key Players

The major players involved in the manufacturing of mechanical seals are AW Chesterton Company, EagleBurgmann India Private Limited, Flowserve Corporation, Flex-a-seal, John Crane Group, Bal Seal Engineering, Cooper-Standard, Federal-Mogul, Flexitallic Group, Garlock Sealing Technology, Henniges Automotive Sealing Systems, Hutchinson Sealing Systems, Timken AB, Freudenberg Sealing Technologies GmBH and Co. KG., Dana Corporation, Telleborg Industries and others.

Global Mechanical Seals Market: Segmentation

The global mechanical seals market can be segmented on the basis of types, end use and geography.

On the basis of types, the global mechanical seals market can be segmented into O-ring seals, lip seals, and rotary seals.

On the basis of end use industry, the global mechanical seals market can be segmented into oil and gas industry, general industry, chemical industry, water industry, power industry and others.

On the basis of geography, the global mechanical seals market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan.

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About Mechanical Seals

Mechanical seals are those leakage control devices which are deployed on rotating equipment like mixers and pumps to avoid the leakage of liquid and gases from escaping into the environment. Mechanical seals ensure that the medium stays in the system circuit, protecting it from external contaminations reducing environmental emissions.

Mechanical seals also helps in stopping leakage in systems that contain pressure. Before mechanical seals, mechanical packaging was used; however, it wasn’t as effective as seals are.

Mechanical seals often consume energy since the frictional properties of the seal has a huge impact on the amount of power consumed by the machinery on which it is used. The four major classes of mechanical seals are traditional contact seals, cooled and lubricated seals, dry seals, and gas lubricated seals.

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Only a flat and smooth finish on mechanical seals is eligible to prevent leakage to its full efficiency. Mechanical seals are usually made by using carbon and silicon carbide but mostly carbon is used in the manufacturing of mechanical seals because of its self-lubricating properties. The two principle components of a mechanical seal are the stationary arm and the rotatory arm.

Benelux Power Tools Market Will hit at a CAGR of 3.9% from 2016 to 2026

Industrial Automation and Equipment Industry Analysis copyPower tools continue to witness steady demand in Benelux, with 10 million units expected to be shipped in 2016, up from 9.8 million units in 2015 – a y-o-y growth rate of 2.5%. The Benelux power tools market was valued at US$ 826.4 million in 2015, and is expected to reach US$ 859.1 million in 2016. Industrial power tools will continue to outsell household power tools, and account for 57.6% revenue share of the market in 2016.

Demand for power tools will continue to be strong from the construction sector, as Benelux’s housing sector witnesses another year of relative stability. The real estate sector in Benelux wasn’t as severely impacted by the crash of 2007-08, as it did not participate in the ‘bubble’ preceding the crash.

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Growth of the Benelux power tools market will also be supported by rising adoption in the Union’s automotive sector. While availability of durable and cost-effective power tools will drive overall demand, the growing DIY trend will ramp up adoption in the consumer segment. Increasing penetration of Chinese products is also expected to play an important role in driving sales in 2016 and beyond.

On the basis of mode of operation, electric power tools will continue to remain the highest selling power tools, with 5.8 million units expected to be shipped in 2016, up from 5.7 million units in 2015. On the other hand, pneumatic power tools, also known as air tools, will continue to gain popularity among DIYers, owing to their compact size and relatively lower price.

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Netherlands will continue to be the largest market for power tools in Benelux, with total volume expected to reach 5.5 million units in 2016. The Netherlands power tools market is expected to be worth US$ 470.0 million by 2016-end, witnessing a growth rate of 3.7% in 2016 over 2015. Belgium, the second largest market for power tools in Benelux, will witness total sales worth 359.2 million in 2016.

Robert Bosch GmbH, Atlas Copco AB, and Makita Corporation are the key global players in the Benelux power tools market. The key strategy of these players is enhancing product portfolio by manufacturing convenient, high-performance and advanced technology equipment. Metabowerke GmbH, FERM B.V., and Einhell Germany AG are prominent local players in the Benelux power tools market. Strong distribution networks and low cost are the go-to strategies of these players to compete with global players operating in Benelux power tools market.

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Centrifugal Pumps Market is expected to Reach US$ 48.3 Bn Over 2015-2025

FMI_FacebookRefurbishing of ageing manufacturing plants and pumping systems, combined with increasing exploration activities for new sources of water is driving global demand for centrifugal pumps. However, long replacement cycles and proliferation of low cost pumps made in China, can pose challenges to growth. These insights are according to FMI’s new report, “Centrifugal Pumps Market: Global Industry Analysis and Opportunity Assessment, 2015-2025”, which estimates global centrifugal market revenues to increase at 4.6% CAGR and reach US$ 48.3 Bn by 2025.

The key trends identified in the centrifugal pumps market include preference for energy-efficient centrifugal pumps, high adoption of micro-disc pumping, and incorporation of variable frequency drive technology. Reducing the pump life cycle costs and development of supply chain network are key opportunities that leading players will look to leverage on going forward.

FMI’s report offers 10-year forecast on the basis of product type, end-use, and region.

Key centrifugal product types covered in the report include,

  • Single-stage pump
  • Multi-stage pump
  • Axial & mixed flow pump
  • Submersible pump
  • Seal less and circulator flow pump

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Among these, demand for submersible pumps is the highest, with this segment accounting for nearly 28% revenue share of the global centrifugal pump market in 2015. FMI estimates demand for submersible pumps to increase at 5.4% CAGR through 2025.

On the basis of end-use, the centrifugal pump market has been segmented into,

  • Industrial
  • Agricultural
  • Domestic

According to FMI, the industrial segment accounts for the highest demand for centrifugal pumps, representing nearly 67% revenue share in 2015. Key application areas where centrifugal pumps are used in the industrial segment include chemicals, water and wastewater treatment, power, oil and gas, pharmaceuticals, and food and beverage.

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Region-wise, the report offers market analysis and forecast for North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan, and Middle East & Africa (MEA).

Asia Pacific excluding Japan (APEJ) is the largest market for centrifugal pumps globally, with China and India accounting for significant revenue contribution to the global market. Many economies in APEJ, especially in ASEAN, are agriculture-driven, and this is creating sustained demand for centrifugal pumps in the region. Increasing arable land under cereal production, combined with micro-irrigation trend is expected to increase the deployment of small capacity centrifugal pumps in APEJ.

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Key players operating in the global centrifugal pumps market include ITT Corporation, KSB AG, Flowserve Corp, Sulzer AG, Ebara Corporation, Grundfos AG, Weir Group Plc, Wilo SE, Xylem Inc, Ruhrpumpen Group and Vertiflow Pump Company.

Explosion Proof Equipment Market Global Industry Analysis and Forecast 2016-2026

FMI_FacebookExplosion is defined as an extreme increased in the energy of a system, which can be nuclear, mechanical or nuclear in an uncontrolled amount result in increasing in temperature and evacuation of gases. There are so many sources responsible for the explosions, some of them are increased pressure, nuclear reactions, leakage of gases, dust and others. In order to prevent these explosions, several types of prevention measures are being taken in to account at a time of  designing products for electrical, mechanical, nuclear and chemical use and these devices/products are termed as explosion proof. The term explosion proof doesn’t mean that the product will be withstand in the explosion but it means that product is having some kind of explosive material or gases there within its case or housing and prevent spark from within its housing from igniting gases, vapors present in surrounding. In broader term explosion proof equipment be termed as those equipment which are having explosive material inside and correspondingly having protection principle means explosion prevention by varying operating energy or make its so robust so that can’t let explosion come out of case and also not let the external environment having high temperature or spark causes explosion inside by making its housing isolated, which is usually made up of stainless steel or cast aluminum. Today explosion proof equipment are used in almost all industries for the protection of financial as well as lives.

The global explosion proof equipment market is expected to grow with the healthier rate during the forecasting period.

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Explosion Proof Equipment: Market Dynamics

For last some years explosion proof equipment companies has been coming out with newly designed materials for casing and with more advanced features which are becoming the new trends for the market of global explosion proof equipment market. The key growth drivers of global explosion proof equipment market are increased adoption of explosion proof equipment in oil & gas industries, exploration of new mining sites which increases the need for explosion proof equipment there, drastic rising demand of explosion proof equipment in automation sector and also the newly formed safety regulations for hazardous areas are getting more stiffer, are some of the growth drivers responsible for the growth of global explosion proof equipment market. On the other hand staggering of mineral and mining industries globally are becoming the key restraint for the global explosion proof equipment market.

Explosion Proof Equipment: Segmentation

Segmentation of explosion proof equipment market is done on the basis of protection type, flammable substances, by explosive characteristics, by applicable systems, by verticals & by geography. Based on the protection type, segmentation of explosion proof equipment is done as explosion proof/explosion containment, explosion prevention/limiting energy, explosion segregation (isolation). On the basis of flammable substances, explosion proof equipment is segmented as Class 1, Class 2, and Class 3. By area classification segmentation of global explosion proof equipment market is done as Division I & Division II. On the basis of explosive character sticks, global explosion proof equipment market is segmented as zone 0, zone 1, zone 2, zone 20, zone 21, and zone 22.

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by applicable system explosion proof equipment is segmented into following segments such as; switchgear, surveillance & monitoring systems, material handling systems, lifting systems, cable glands, power generation and distribution systems & others.

Geographically, explosion proof equipment is segmented into seven regions which are ; North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ), and Middle East and Africa (MEA). Among all the regions North America is the highest contributor in term of revenue in global Explosion Proof Equipment.

Explosion Proof Equipment: Key Players

The key players of global explosion proof equipment market are Adalet, Alloy Industry Co. Ltd., eaton, S.C. UMEB SA, Warom Technology, Inc. Alloy Industry Co. Ltd. & others.

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